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    Buy Atul Auto, target price Rs 250: Emkay Global

    Synopsis

    Atul Auto Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 372.27 Crore) operating in Auto sector.

    buy
    Promoters held 52.7 per cent stake in the company as of 31-Mar-2022, while FIIs owned 0.13 per cent, DIIs 0.2 per cent.
    Emkay Global has buy call on Atul Auto with a target price of Rs 250. The current market price of Atul Auto Ltd. is Rs 171.7. Time period given by analyst is one year when Atul Auto Ltd. price can reach defined target.

    Atul Auto Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 372.27 Crore) operating in Auto sector.

    Atul Auto Ltd. key Products/Revenue Segments include Automobile - 3 Wheelers, Spare Parts & Others, Commission, Other Operating Revenue, Export Incentives and Scrap for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 94.98 Crore, down -8.01 % from last quarter Total Income of Rs 103.25 Crore and up 3.74 % from last year same quarter Total Income of Rs 91.56 Crore. Company reported net profit after tax of Rs -5.73 Crore in latest quarter.

    Investment Rationale
    Atul continues its efforts on: 1) increasing penetration in CNG/LPG segments; 2) improving credit access through its finance arm; 3) strengthening presence in key export markets; 4) launching new products in EV space; and 5) expanding its distribution reach. It retains Buy with a TP of Rs250 (unchanged), based on 10x Jun’24E EPS (10x Mar’24E EPS earlier).

    Promoter/FII Holdings
    Promoters held 52.7 per cent stake in the company as of 31-Mar-2022, while FIIs owned 0.13 per cent, DIIs 0.2 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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