- Total income
- ₹5,834 Cr
- Profit
- ₹484 Cr

About Atul Limited
Data last updated:
Atul Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 11 December 1975 and has been in existence for over 51 years.
Atul is ranked #406 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Sunil Siddharth Lalbhai and Family is #678 among India's richest people (2026). Its director Samvegbhai Arvindbhai Lalbhai and family are #1,113 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L99999GJ1975PLC002859. Its GSTIN is 24AABCA2390M1ZP (Gujarat). The company holds 30 GST registrations, of which 16 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500027 and NSE: ATUL.
The company has an authorised share capital of ₹160 Cr and a paid-up capital of ₹29.44 Cr. It is led by directors including Samvegbhai Arvindbhai Lalbhai (Managing Director) and Sunil Siddharth Lalbhai (Managing Director).
Its last annual general meeting (AGM) was held on 25 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Atul House G I Patel Marg, Ahmedabad, Gujarat, India – 380014.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹6,273.54 Cr, a growth of 12.4% compared to the previous year. For the same year it recorded a net profit of ₹679.17 Cr (net margin 10.8%) and EBITDA of ₹1,030.79 Cr (EBITDA margin 16.4%). The net worth stands at ₹6,221.96 Cr (up 11.1% YoY). Total assets are valued at ₹6,519.62 Cr (up 10.4% YoY).
The company has about 3,030 employees on its provident fund (EPFO) records. Its group structure includes 33 subsidiaries and 2 joint ventures.
The company is associated with 1 brand: Atul. As per MCA filings, the company has open charges of ₹439 Cr and satisfied charges of ₹1,339.34 Cr on record. Court records list 1,386 cases involving the company, including 1,029 filed by the company and 357 filed against it; 107 cases are pending. The company has 40 deals on record (37 market trades, 3 secondary share transfers); the latest was in November 2025. Its 8 peer companies in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 4 smaller; the largest is Gujarat State Fertilizers & Chemicals Limited with revenue of ₹9,848.64 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 136 overdue payments to 83 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website atul.co.in.
Company details
Recognitions & Rankings of Atul
- Valuation
- ₹21,440 Cr
- #678 Sunil Siddharth Lalbhai & Family ₹4,700 Cr
- #1,113 Samvegbhai Arvindbhai Lalbhai & family ₹2,300 Cr
Contact details
Atul Limited's registered office is in Ahmedabad, Gujarat. Its website is atul.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAtul House G I Patel Marg, Ahmedabad, Gujarat, India – 380014
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Atul Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Atul operates one associated brand: Atul. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fine chemicals are manufactured by Atul in Ahmedabad, India. | atul.co.in |
Business activity
The main business activity of Atul is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Atul Limited, buy the company report.
Financials of Atul Limited
FY 2025-26 filings availableAtul Limited reported revenue of ₹6,273.54 Cr (up 12.4% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 6,274 | 5,583 | 4,726 | 5,428 | 5,081 | 3,731 | 4,093 |
| Revenue growth | +12.4% | +18.2% | -12.9% | +6.8% | +36.2% | -8.8% | - |
| EBITDA | 1,031 | 913 | 637 | 775 | 911 | 917 | 902 |
| EBITDA margin | +16.4% | +16.4% | +13.5% | +14.3% | +17.9% | +24.6% | +22.0% |
| Profit before tax | 900 | 692 | 451 | 688 | 810 | 882 | 845 |
| Net profit | 679 | 487 | 325 | 530 | 588 | 638 | 658 |
| Net profit margin | +10.8% | +8.7% | +6.9% | +9.8% | +11.6% | +17.1% | +16.1% |
| EPS (₹) | 230.11 | 164.27 | 109.65 | 174.09 | 204.07 | 221.47 | 224.55 |
| Balance sheet | |||||||
| Total assets | 6,520 | 5,908 | 5,436 | 4,812 | 4,642 | 4,024 | 3,326 |
| Net worth | 6,222 | 5,599 | 5,114 | 4,671 | 4,429 | 3,827 | 3,155 |
| Total debt | 183 | 202 | 237 | 52.24 | 144 | 127 | 108 |
| Cash & bank | 94.67 | 64.66 | 72.30 | 52.03 | 68.92 | 348 | 35.37 |
| Net working capital | 1,305 | 1,260 | 983 | 1,079 | 1,218 | 1,046 | 720 |
| Cash flow | |||||||
| Cash from operations | 1,023 | 603 | 667 | 707 | 231 | 718 | 881 |
| Cash from investing | (891) | (494) | (683) | (469) | (163) | (645) | (782) |
| Cash from financing | (98.46) | (118) | 37.54 | (257) | (57.44) | (52.19) | (111) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,848 | 1,670 | 1,574 | 1,552 | 1,478 | 1,452 | 1,417 | 1,393 |
| Revenue growth (YoY) | +25.0% | +15.1% | +11.1% | +11.4% | +11.8% | - | - | - |
| Other income | 35.40 | 91.56 | 39.92 | 49.68 | 28.11 | 50.29 | 19.06 | 34.66 |
| EBITDA | 394 | 281 | 247 | 267 | 236 | 223 | 224 | 243 |
| EBITDA margin | +21.3% | +16.8% | +15.7% | +17.2% | +15.9% | +15.4% | +15.8% | +17.4% |
| Depreciation | 78.09 | 79.29 | 79.80 | 81.00 | 82.04 | 81.71 | 80.99 | 77.54 |
| Interest | 4.02 | 4.30 | 3.70 | 4.89 | 4.54 | 5.42 | 4.29 | 8.89 |
| Profit before tax | 347 | 289 | 203 | 231 | 177 | 186 | 158 | 191 |
| Tax | 92.90 | 77.59 | 39.94 | 48.91 | 44.67 | 55.96 | 40.74 | 51.44 |
| Net profit | 254 | 211 | 164 | 182 | 132 | 130 | 117 | 140 |
| EPS (₹) | 83.32 | 71.38 | 54.60 | 60.88 | 43.40 | 42.97 | 36.93 | 46.47 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 5,564 | 5,075 | 4,358 | 5,062 | 4,993 | 3,512 | 3,906 |
| Revenue growth | +9.6% | +16.5% | -13.9% | +1.4% | +42.2% | -10.1% | - |
| EBITDA | 781 | 710 | 561 | 696 | 863 | 846 | 844 |
| EBITDA margin | +14.0% | +14.0% | +12.9% | +13.7% | +17.3% | +24.1% | +21.6% |
| Profit before tax | 760 | 623 | 510 | 730 | 804 | 828 | 803 |
| Net profit | 596 | 459 | 386 | 569 | 591 | 613 | 630 |
| Net profit margin | +10.7% | +9.1% | +8.9% | +11.2% | +11.9% | +17.5% | +16.1% |
| EPS (₹) | 201.98 | 154.88 | 130.54 | 186.98 | 205.18 | 213.07 | 215.69 |
| Balance sheet | |||||||
| Total assets | 6,095 | 5,583 | 5,132 | 4,628 | 4,420 | 3,738 | 3,093 |
| Net worth | 6,056 | 5,538 | 5,089 | 4,589 | 4,316 | 3,711 | 3,070 |
| Total debt | 6.50 | 8.06 | 10.52 | 5.41 | 72.94 | 0.00 | 0.00 |
| Cash & bank | 20.54 | 4.27 | 11.14 | 3.09 | 20.75 | 309 | 8.79 |
| Net working capital | 1,039 | 1,028 | 859 | 1,144 | 1,112 | 893 | 624 |
| Cash flow | |||||||
| Cash from operations | 716 | 427 | 624 | 732 | 217 | 677 | 852 |
| Cash from investing | (621) | (366) | (483) | (498) | (225) | (603) | (709) |
| Cash from financing | (78.69) | (67.64) | (133) | (252) | 10.82 | (63.71) | (154) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,589 | 1,498 | 1,352 | 1,410 | 1,305 | 1,315 | 1,274 | 1,279 |
| Revenue growth (YoY) | +21.8% | +13.9% | +6.1% | +10.2% | +8.0% | - | - | - |
| Other income | 26.31 | 74.96 | 36.45 | 58.53 | 28.97 | 54.51 | 25.13 | 39.28 |
| Total expenses | 1,292 | 1,271 | 1,179 | 1,190 | 1,143 | 1,147 | 1,111 | 1,085 |
| EBITDA | 296 | 227 | 172 | 219 | 162 | 168 | 163 | 194 |
| EBITDA margin | +18.7% | +15.2% | +12.8% | +15.6% | +12.4% | +12.8% | +12.8% | +15.1% |
| Depreciation | 52.07 | 52.33 | 53.06 | 54.75 | 55.82 | 55.26 | 55.22 | 51.65 |
| Interest | 0.73 | 0.87 | 0.90 | 1.20 | 0.62 | 1.54 | 0.47 | 3.67 |
| Profit before tax | 270 | 249 | 155 | 222 | 135 | 165 | 132 | 178 |
| Tax | 68.82 | 44.90 | 33.73 | 49.53 | 36.77 | 39.80 | 39.83 | 48.88 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,848 | 1,670 | 1,574 | 1,552 | 1,478 | 1,452 | 1,417 | 1,393 |
| Revenue growth (YoY) | +25.0% | +15.1% | +11.1% | +11.4% | +11.8% | - | - | - |
| Other income | 35.40 | 91.56 | 39.92 | 49.68 | 28.11 | 50.29 | 19.06 | 34.66 |
| EBITDA | 394 | 281 | 247 | 267 | 236 | 223 | 224 | 243 |
| EBITDA margin | +21.3% | +16.8% | +15.7% | +17.2% | +15.9% | +15.4% | +15.8% | +17.4% |
| Depreciation | 78.09 | 79.29 | 79.80 | 81.00 | 82.04 | 81.71 | 80.99 | 77.54 |
| Interest | 4.02 | 4.30 | 3.70 | 4.89 | 4.54 | 5.42 | 4.29 | 8.89 |
| Profit before tax | 347 | 289 | 203 | 231 | 177 | 186 | 158 | 191 |
| Tax | 92.90 | 77.59 | 39.94 | 48.91 | 44.67 | 55.96 | 40.74 | 51.44 |
| Net profit | 254 | 211 | 164 | 182 | 132 | 130 | 117 | 140 |
| EPS (₹) | 83.32 | 71.38 | 54.60 | 60.88 | 43.40 | 42.97 | 36.93 | 46.47 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 6,274 | 5,583 | 4,726 | 5,428 | 5,081 | 3,731 | 4,093 |
| Revenue growth | +12.4% | +18.2% | -12.9% | +6.8% | +36.2% | -8.8% | - |
| Other income | 209 | 120 | 67.89 | 119 | 84.16 | 110 | 83.02 |
| Total expenses | 5,243 | 4,670 | 4,089 | 4,653 | 4,169 | 2,814 | 3,191 |
| Employee cost | 516 | 455 | 398 | 370 | 343 | 310 | 301 |
| EBITDA | 1,031 | 913 | 637 | 775 | 911 | 917 | 902 |
| EBITDA margin | +16.4% | +16.4% | +13.5% | +14.3% | +17.9% | +24.6% | +22.0% |
| Depreciation | 322 | 317 | 243 | 198 | 177 | 136 | 130 |
| Interest | 17.43 | 23.98 | 11.08 | 7.90 | 9.17 | 9.35 | 9.40 |
| Profit before tax | 900 | 692 | 451 | 688 | 810 | 882 | 845 |
| Tax | 211 | 194 | 126 | 181 | 205 | 222 | 175 |
| Net profit | 679 | 487 | 325 | 530 | 588 | 638 | 658 |
| Net profit margin | +10.8% | +8.7% | +6.9% | +9.8% | +11.6% | +17.1% | +16.1% |
| EPS (₹) | 230.11 | 164.27 | 109.65 | 174.09 | 204.07 | 221.47 | 224.55 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 29.46 | 29.46 | 29.46 | 29.53 | 29.61 | 29.61 | 29.68 |
| Reserves & surplus | 6,192 | 5,569 | 5,085 | 4,642 | 4,399 | 3,797 | 3,125 |
| Shareholders' funds (net worth) | 6,222 | 5,599 | 5,114 | 4,671 | 4,429 | 3,827 | 3,155 |
| Minority interest | 74.57 | 63.82 | 49.05 | 48.04 | 30.88 | 30.63 | 26.37 |
| Secured loans | 180 | 198 | 227 | 41.98 | 77.70 | 113 | 96.95 |
| Unsecured loans | 3.26 | 4.04 | 9.20 | 10.26 | 66.47 | 13.50 | 11.52 |
| Total debt | 183 | 202 | 237 | 52.24 | 144 | 127 | 108 |
| Total liabilities | 6,520 | 5,908 | 5,436 | 4,812 | 4,642 | 4,024 | 3,326 |
| Assets | |||||||
| Gross block | 4,323 | 4,224 | 3,886 | 2,663 | 2,363 | 2,016 | 1,618 |
| Net block | 2,676 | 2,847 | 2,792 | 1,770 | 1,634 | 1,418 | 1,125 |
| Capital work in progress | 110 | 124 | 281 | 1,033 | 420 | 250 | 368 |
| Investments | 2,592 | 1,766 | 1,392 | 881 | 1,339 | 1,361 | 1,137 |
| Inventories | 815 | 729 | 618 | 789 | 864 | 594 | 503 |
| Sundry debtors | 1,271 | 1,126 | 927 | 845 | 989 | 733 | 720 |
| Cash & bank balances | 94.67 | 64.66 | 72.30 | 52.03 | 68.92 | 348 | 35.37 |
| Loans & advances | 226 | 208 | 232 | 215 | 217 | 148 | 172 |
| Total current assets | 2,408 | 2,129 | 1,849 | 1,901 | 2,139 | 1,824 | 1,430 |
| Total current liabilities | 1,103 | 868 | 866 | 822 | 921 | 778 | 710 |
| Net working capital | 1,305 | 1,260 | 983 | 1,079 | 1,218 | 1,046 | 720 |
| Total assets | 6,520 | 5,908 | 5,436 | 4,812 | 4,642 | 4,024 | 3,326 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 51.37 | 60.26 | 38.05 | 57.69 | 46.91 | 26.19 | 37.59 |
| Net cash from operating activities | 1,023 | 603 | 667 | 707 | 231 | 718 | 881 |
| Net cash from investing activities | (891) | (494) | (683) | (469) | (163) | (645) | (782) |
| Net cash from financing activities | (98.46) | (118) | 37.54 | (257) | (57.44) | (52.19) | (111) |
| Net change in cash | 33.69 | (8.89) | 22.21 | (19.64) | 10.78 | 20.72 | (11.40) |
| Closing cash | 94.67 | 64.66 | 72.30 | 52.03 | 68.92 | 348 | 35.37 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +12.4% | +18.2% | -12.9% | +6.8% | +36.2% | -8.8% | - |
| EBITDA growth | +12.9% | +43.4% | -17.8% | -15.0% | -0.6% | +1.7% | - |
| PBT growth | +30.0% | +53.7% | -34.5% | -15.1% | -8.2% | +4.3% | +24.3% |
| Net income growth | +39.4% | +50.0% | -38.7% | -9.9% | -7.8% | -3.0% | - |
| Revenue CAGR (3Y) | +5.0% | +3.2% | +8.2% | +9.9% | +8.0% | +2.0% | +13.0% |
| EBITDA CAGR (3Y) | +10.0% | +0.1% | -11.5% | -4.9% | +5.9% | +22.0% | +21.0% |
| Profitability & leverage | |||||||
| Net income margin | +11.0% | +8.9% | +6.9% | +9.3% | +11.9% | +17.7% | +16.4% |
| Return on capital employed | +14.9% | +12.8% | +9.1% | +14.8% | +19.0% | +24.4% | +28.0% |
| Return on net worth | +11.7% | +9.3% | +6.6% | +11.1% | +14.7% | +18.9% | +22.9% |
| Debt / equity | 0.03 | 0.04 | 0.03 | 0.02 | 0.03 | 0.03 | 0.03 |
| Long-term debt / equity | 0.03 | 0.04 | 0.03 | 0.01 | 0.02 | 0.03 | 0.02 |
| Interest cover | 2.46 | 4.02 | 2.81 | 1.37 | 1.25 | 1.20 | 1.22 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.47 | 1.38 | 1.44 | 2.16 | 2.32 | 2.05 | 2.65 |
| Inventory turnover | 8.12 | 8.29 | 6.71 | 6.56 | 6.97 | 6.80 | 8.06 |
| Debtors turnover | 5.23 | 5.44 | 5.33 | 5.92 | 5.90 | 5.14 | 5.77 |
| EPS (₹) | 230.11 | 164.27 | 109.65 | 174.09 | 204.07 | 221.47 | 224.55 |
| Dividend per share (₹) | 30.00 | 25.00 | 20.00 | 32.50 | 25.00 | 20.00 | 27.50 |
| Book value per share (₹) | 2,110.34 | 1,898.67 | 1,736.03 | 1,581.91 | 1,495.76 | 1,292.31 | 1,062.97 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,589 | 1,498 | 1,352 | 1,410 | 1,305 | 1,315 | 1,274 | 1,279 |
| Revenue growth (YoY) | +21.8% | +13.9% | +6.1% | +10.2% | +8.0% | - | - | - |
| Other income | 26.31 | 74.96 | 36.45 | 58.53 | 28.97 | 54.51 | 25.13 | 39.28 |
| Total expenses | 1,292 | 1,271 | 1,179 | 1,190 | 1,143 | 1,147 | 1,111 | 1,085 |
| EBITDA | 296 | 227 | 172 | 219 | 162 | 168 | 163 | 194 |
| EBITDA margin | +18.7% | +15.2% | +12.8% | +15.6% | +12.4% | +12.8% | +12.8% | +15.1% |
| Depreciation | 52.07 | 52.33 | 53.06 | 54.75 | 55.82 | 55.26 | 55.22 | 51.65 |
| Interest | 0.73 | 0.87 | 0.90 | 1.20 | 0.62 | 1.54 | 0.47 | 3.67 |
| Profit before tax | 270 | 249 | 155 | 222 | 135 | 165 | 132 | 178 |
| Tax | 68.82 | 44.90 | 33.73 | 49.53 | 36.77 | 39.80 | 39.83 | 48.88 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 5,564 | 5,075 | 4,358 | 5,062 | 4,993 | 3,512 | 3,906 |
| Revenue growth | +9.6% | +16.5% | -13.9% | +1.4% | +42.2% | -10.1% | - |
| Other income | 199 | 133 | 135 | 199 | 90.07 | 104 | 77.61 |
| Total expenses | 4,783 | 4,365 | 3,796 | 4,366 | 4,129 | 2,666 | 3,061 |
| Employee cost | 407 | 364 | 321 | 301 | 276 | 249 | 249 |
| EBITDA | 781 | 710 | 561 | 696 | 863 | 846 | 844 |
| EBITDA margin | +14.0% | +14.0% | +12.9% | +13.7% | +17.3% | +24.1% | +21.6% |
| Depreciation | 216 | 213 | 184 | 163 | 146 | 120 | 117 |
| Interest | 3.59 | 6.31 | 2.25 | 2.12 | 2.94 | 1.97 | 2.35 |
| Profit before tax | 760 | 623 | 510 | 730 | 804 | 828 | 803 |
| Tax | 165 | 167 | 125 | 178 | 196 | 197 | 162 |
| Net profit | 596 | 459 | 386 | 569 | 591 | 613 | 630 |
| Net profit margin | +10.7% | +9.1% | +8.9% | +11.2% | +11.9% | +17.5% | +16.1% |
| EPS (₹) | 201.98 | 154.88 | 130.54 | 186.98 | 205.18 | 213.07 | 215.69 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 29.46 | 29.46 | 29.46 | 29.53 | 29.61 | 29.61 | 29.68 |
| Reserves & surplus | 6,026 | 5,509 | 5,060 | 4,560 | 4,287 | 3,682 | 3,041 |
| Shareholders' funds (net worth) | 6,056 | 5,538 | 5,089 | 4,589 | 4,316 | 3,711 | 3,070 |
| Secured loans | 6.50 | 8.06 | 10.52 | 5.41 | 22.77 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 50.17 | 0.00 | 0.00 |
| Total debt | 6.50 | 8.06 | 10.52 | 5.41 | 72.94 | 0.00 | 0.00 |
| Total liabilities | 6,095 | 5,583 | 5,132 | 4,628 | 4,420 | 3,738 | 3,093 |
| Assets | |||||||
| Gross block | 2,912 | 2,846 | 2,604 | 2,132 | 1,927 | 1,603 | 1,363 |
| Net block | 1,644 | 1,742 | 1,657 | 1,349 | 1,276 | 1,059 | 907 |
| Capital work in progress | 80.81 | 91.36 | 217 | 356 | 173 | 239 | 235 |
| Investments | 3,444 | 2,829 | 2,460 | 1,128 | 1,551 | 1,551 | 1,330 |
| Inventories | 727 | 655 | 563 | 648 | 701 | 511 | 427 |
| Sundry debtors | 1,176 | 1,027 | 849 | 894 | 1,059 | 714 | 719 |
| Cash & bank balances | 20.54 | 4.27 | 11.14 | 3.09 | 20.75 | 309 | 8.79 |
| Loans & advances | 144 | 145 | 182 | 317 | 172 | 118 | 141 |
| Total current assets | 2,068 | 1,832 | 1,605 | 1,861 | 1,952 | 1,650 | 1,296 |
| Total current liabilities | 1,029 | 804 | 746 | 717 | 841 | 757 | 672 |
| Net working capital | 1,039 | 1,028 | 859 | 1,144 | 1,112 | 893 | 624 |
| Total assets | 6,095 | 5,583 | 5,132 | 4,628 | 4,420 | 3,738 | 3,093 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.50 | 8.34 | 0.16 | 17.93 | 15.25 | 5.43 | 15.39 |
| Net cash from operating activities | 716 | 427 | 624 | 732 | 217 | 677 | 852 |
| Net cash from investing activities | (621) | (366) | (483) | (498) | (225) | (603) | (709) |
| Net cash from financing activities | (78.69) | (67.64) | (133) | (252) | 10.82 | (63.71) | (154) |
| Net change in cash | 16.25 | (6.84) | 8.18 | (17.77) | 2.68 | 9.82 | (9.96) |
| Closing cash | 20.54 | 4.27 | 11.14 | 3.09 | 20.75 | 309 | 8.79 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +9.6% | +16.5% | -13.9% | +1.4% | +42.2% | -10.1% | - |
| EBITDA growth | +10.0% | +26.4% | -19.3% | -19.4% | +2.0% | +0.2% | - |
| PBT growth | +21.9% | +22.3% | -30.2% | -9.2% | -2.9% | +3.1% | +23.1% |
| Net income growth | +29.9% | +18.8% | -32.1% | -3.8% | -3.6% | -2.6% | - |
| Revenue CAGR (3Y) | +3.2% | +0.5% | +7.5% | +9.0% | +8.4% | +4.2% | +13.2% |
| EBITDA CAGR (3Y) | +3.9% | -6.3% | -12.8% | -6.3% | +5.5% | +21.4% | +21.6% |
| Profitability & leverage | |||||||
| Net income margin | +10.7% | +9.0% | +8.8% | +10.9% | +12.2% | +18.0% | +16.4% |
| Return on capital employed | +13.1% | +11.8% | +10.5% | +16.2% | +19.8% | +24.3% | +27.8% |
| Return on net worth | +10.3% | +8.6% | +8.0% | +12.4% | +15.1% | +18.6% | +22.4% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.64 | 1.27 | 0.60 | 0.40 | 0.41 | 0.27 | 0.32 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.93 | 1.86 | 1.84 | 2.49 | 2.83 | 2.37 | 2.97 |
| Inventory turnover | 8.05 | 8.33 | 7.20 | 7.51 | 8.24 | 7.49 | 9.13 |
| Debtors turnover | 5.05 | 5.41 | 5.00 | 5.18 | 5.63 | 4.90 | 5.27 |
| EPS (₹) | 201.98 | 154.88 | 130.54 | 186.98 | 205.18 | 213.07 | 215.69 |
| Dividend per share (₹) | 30.00 | 25.00 | 20.00 | 32.50 | 25.00 | 20.00 | 27.50 |
| Book value per share (₹) | 2,055.64 | 1,879.87 | 1,727.56 | 1,554.14 | 1,457.75 | 1,253.41 | 1,034.49 |
To see the full year-wise statements and ratios of Atul Limited, buy the company report.
Board of directors of Atul Limited
Atul has 11 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Samvegbhai Arvindbhai Lalbhai Also directs: Samveg Tradecom LLP, Asahi Songwon Colors Limited, The Anup Engineering Limited and 3 more | Managing Director | 21 Jan 2000 | 26 Years 9 Months | Current |
| Sunil Siddharth Lalbhai Also directs: Britannia Industries Ltd, The Bombay Dyeing and Manufacturing Company Limited, Amal Limited and 4 more | Managing Director | 13 Jun 1984 | 42 Years 4 Months | Current |
| Gopi Kannan Rengachari Thirukonda | Whole-Time Director | 17 Oct 2014 | 12 Years 0 Months | Current |
| Pradeep Jyoti Banerjee Also directs: Pradeep Banerjee Associates LLP, Chambal Fertilisers and Chemicals Limited, Jubilant Ingrevia Limited and 5 more | Director | 01 May 2022 | 4 Years 5 Months | Current |
| Shantanu Maharaj Khosla | Director | 17 Oct 2025 | 1 Years 0 Months | Current |
| Padmaja Chunduru Also directs: Mahindra and Mahindra Financial Services Limited, Brigade Enterprises Limited, The Clearing Corporation of India Limited and 5 more | Director | 24 Jan 2025 | 1 Years 8 Months | Current |
Peer comparison
Atul Limited is compared with the 8 companies closest to it by revenue in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gujarat State Fertilizers & Chemicals Limited | ₹9,848.64 Cr (FY 2025) | 3.0% | Vadodara, Gujarat, India | |||
| Gujarat Narmada Valley Fertilizers & Chemicals Limited | ₹8,393.42 Cr (FY 2025) | 0.0% | Gujarat, India | |||
| Deepak Nitrite Limited | ₹8,365.79 Cr (FY 2025) | 8.0% | Vadodara, Gujarat, India | |||
| Atul Limitedthis company | ₹6,273.54 Cr (FY 2026) | ₹679.17 Cr | 10.8% | 12.4% | 3,030 | Ahmedabad, Gujarat, India |
| Deepak Phenolics Limited | ₹5,863.2 Cr (FY 2025) | 16.0% | Vadodara, Gujarat, India | |||
| Gujarat Fluorochemicals Limited | ₹4,853.18 Cr (FY 2025) | 11.0% | Una, Himachal Pradesh, India | |||
| Jubilant Ingrevia Limited | ₹4,215.43 Cr (FY 2025) | 1.0% | Amroha, Uttar Pradesh, India | |||
| GHCL Limited | ₹3,271.22 Cr (FY 2025) | -7.0% | Ahmedabad, Gujarat, India | |||
| Lanxess India Private Limited | ₹3,120.7 Cr (FY 2025) | 8.0% | Thane, Maharashtra, India |
To see the full peer comparison of Atul Limited, buy the company report.
Auditor
Atul Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2024 | 117366W/W-100018 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 45.30%, foreign institutional investors hold 7.40%, domestic institutional investors hold 26.00% and retail and other public shareholders hold 21.30%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 45.30% | 45.20% | 45.20% | 45.20% |
| Public | 54.70% | 54.80% | 54.80% | 54.80% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Feb 2005 | 80026120 | State Bank of India | ₹439 Cr | Open | |
| 28 Feb 2013 | 10409602 | State Bank of India | ₹52.77 Cr | Satisfied | |
| 27 Jun 2011 | 10294426 | International Finance Corporation | ₹56.25 Cr | Satisfied | |
| 28 Jan 2011 | 10273656 | Barclays Bank Plc | ₹27.6 Cr | Satisfied | |
| 25 Sep 2009 | 10178398 | The Karur Vysya Bank Limited | ₹20 Cr | Satisfied |
To see the full charge records of Atul Limited, buy the company report.
Total charge records: 60 View all charges
Deals & funding
Atul Limited has 40 deals on record (37 market trades, 3 secondary share transfers); the latest was in November 2025.
Deals on record (5 of 40)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2024 | Market trade | ₹65.4 Lakh | Buyer: Hrti Private Limited , NK Securities Research Private Limited Seller: NK Securities Research Private Limited , Hrti Private Limited |
| Mar 2019 | Market trade | ₹129.98 Cr | Buyer: Gujarat State Financial Services Ltd Seller: Gujarat State Investment Limited |
| May 2017 | Secondary share transfer | Undisclosed | Buyer: Aeon Investments Private Limited , an individual Seller: Elevation Capital (SAIF Partners) |
| Aug 2016 | Market trade | ₹178.43 Cr | Buyer: Aagam Holdings Private Limited Seller: Arvind Brands Limited |
| Aug 2016 | Market trade | ₹134 Cr | Buyer: Hdfc Mutual Fund, Aeon Investment Pvt Ltd Seller: Arvind Limited, Arvind Brands Limited |
To see the full deal history of Atul Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Atul Limited has 1,386 court cases on record: 1,029 filed by Atul, 357 filed against it. 107 cases are pending and 1,279 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,194 | 256 | 79 |
| High courts | 172 | 86 | 22 |
| Supreme Court | 20 | 15 | 6 |
Cases on record (5 of 1,386)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Valsad, Gujarat | Commercial matter | Filed by the company against Supersonic Distribution and Services Pvt Ltd | Pending |
| District court, Valsad, Gujarat | Criminal complaint | Filed by the company against Future Crop Care Pvt Ltd | Disposed |
| District court, DHARWAD, Karnataka | Criminal complaint | Filed against the company | Pending |
| District court, Valsad, Gujarat | Court case (CR A) | Filed against the company by Dayanand Agro Services | Pending |
| High Court of Gujarat | Court case (TAXAP) | Filed against the company by The Principal Comissioner of Income Tax-1 Ahmedabad | Pending |
To see the full case history of Atul Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Atul Limited was last rated by Care on 01 Oct 2025.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 01 Oct 2025 |
To see the full credit ratings and regulatory alerts of Atul Limited, buy the company report.
MSME payment delays
Atul Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 136 overdue payments to 83 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 83)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Jay Transmission | |||
| an individual supplier | |||
| Suhans Activated Alloys | |||
| Mavani Chemicals Private Limited | |||
| Vinayak Industries |
To see the full MSME payment records of Atul Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Atul has 33 subsidiary companies, 2 joint ventures, and 2 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Atul Seeds Limited | U01122GJ2010PLC062769 | |
| Atul Rajasthan Date Palms Limited | U01122RJ2009PLC028415 | |
| Biyaban Agri Limited | U01122RJ2010PLC030636 | |
| Raja Dates Limited | U01122RJ2010PLC030640 | |
| Aasthan Dates Limited | U01122RJ2010PLC030642 | |
| Atul Crop Care Limited | U01403GJ2010PLC061909 |
To see the full group structure of Atul Limited, buy the company report.
Employees & EPFO
Atul Limited has a workforce of 3,030 employees on its EPFO records as of Apr 09, 2025, across 3 active EPFO establishments.
GST
Atul has 30 GST registrations: 16 active and 14 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCA2390M1ZP | Gujarat | Active | 01 Jul 2017 |
| 24AABCA2390M2ZO | Gujarat | Active | 06 Mar 2025 |
| 05AABCA2390M1ZP | Uttarakhand | Active | 01 Jul 2017 |
| 06AABCA2390M1ZN | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Atul Limited, buy the company report.
Recent activity
Atul Limited has 44 board changes on record since 1978: 28 appointments and 16 cessations. The latest: Shantanu Maharaj Khosla was appointed as Director on 17 Oct 2025.
178 earlier events are in the company report.
News
Frequently asked questions
Atul is an active public limited company based in Ahmedabad, Gujarat, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 11 December 1975 (51+ years old) and is registered under CIN L99999GJ1975PLC002859. Listed on BSE: 500027 and NSE: ATUL.
Atul reported revenue of ₹6,273.54 Cr for FY 2025-26 (up 12.4% YoY) based on consolidated financials.
Atul has 11 current directors:
- Samvegbhai Arvindbhai Lalbhai - Managing Director
- Sunil Siddharth Lalbhai - Managing Director
- Gopi Kannan Rengachari Thirukonda - Whole-Time Director
- Vivek Yeshwant Gadre - Whole-Time Director
- Pradeep Jyoti Banerjee - Director
- Shantanu Maharaj Khosla - Director
- Padmaja Chunduru - Director
- Praveen Purushottam Kadle - Director
- Sharadchandra Damodar Abhyankar - Director
- Sujal Anil Shah - Director
- Rangaswamy Rathakrishnan Iyer - Director
The latest financial statements of Atul on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Atul is 24AABCA2390M1ZP, registered in Gujarat. The company has 30 GST registrations in all, of which 16 are active and 14 are cancelled or inactive. Other active GSTINs include 24AABCA2390M2ZO (Gujarat), 05AABCA2390M1ZP (Uttarakhand), 06AABCA2390M1ZN (Haryana).
The CIN (Corporate Identification Number) of Atul is L99999GJ1975PLC002859. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Atul is a listed company as per MCA records. Its shares are listed on both BSE (code: 500027) and NSE (symbol: ATUL).
Atul has 1,386 court cases on record: 1,029 filed by the company and 357 filed against it. 107 are pending. Most are in the district courts.
Atul was incorporated on 11 December 1975, making it 51+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Atul has 40 deals on record (37 market trades, 3 secondary share transfers); the latest was in November 2025.
The peers of Atul by revenue are Gujarat State Fertilizers & Chemicals Limited, Gujarat Narmada Valley Fertilizers & Chemicals Limited, Deepak Nitrite Limited, Deepak Phenolics Limited, Gujarat Fluorochemicals Limited and 3 more, all in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Shantanu Maharaj Khosla was appointed as Director on 17 Oct 2025. Bharathy Narayanan Mohanan ceased to be Whole-Time Director on 25 May 2025. Baldev Raj Arora ceased to be Director on 31 Mar 2025. Atul has 44 board changes on record in total.