On Monday, the share price of one of the top five 3-wheeler companies in India moved up by 9.4 percent on BSE to hit an intraday high at Rs. 558.9, after the company reported its business update for the May month with a rise in sales by 111.72 percent.
With a market capitalisation of Rs. 1,507 crore, at 12:02 p.m., the shares of Atul Auto Limited were trading in the green at Rs. 543.05, up by 6.33 percent, compared to its previous closing price of Rs. 510.7.
The vehicle sales performance of Atul Auto for the month of May stood at 2,331 vehicles in 2024-25, as against 1,101 vehicles in 2023-24, indicating a growth of 111.72 percent.
The total vehicle sales of April and May increased by 121.53 percent YTD to 4,023 vehicles in 2024-25 from 1,816 vehicles in 2023-24.
Last month, the company registered an increase in the vehicle sales performance for the month of April from 715 vehicles in 2023-24 to 1,692 vehicles in 2024-25, representing a growth of 136.64 percent.
In terms of financials, the company’s revenue from operations grew by 6.2 percent YoY from Rs. 149 crore in Q4 FY22-23 to Rs. 158.2 crore in Q4 FY23-24, accompanied by an increase in the net profit of 46 percent YoY from Rs. 3.34 crore in Q4 FY22-23 to Rs. 4.88 crore in Q4 FY23-24.
The return on equity (ROE) stood at 2.13 percent in FY23-24, up from 1.14 percent in FY22-23, but the Return on Capital Employed (ROCE) fell from 5.13 percent in FY22-23 to 4.8 percent in FY23-24.
As of March 2024, the ace investor Vijay Kedia holds a total of nearly 50.5 lakh equity shares, equivalent to an 18.2 percent stake in in Atul Auto.
The stock has delivered nearly 60 percent of positive returns in one year, but 11.9 percent of negative returns in the last six months.
Atul Auto Limited is engaged in the business of automobile products and is one of the leading manufacturers of three-wheeled Commercial Vehicles in Gujarat.
The company is engaged in the manufacture and sales of Auto rickshaws in domestic and overseas markets, marketed under the brand name of ‘KHUSHBU’.
Written by Shivani Singh
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