Buy Atul Auto, target price Rs 305: Emkay Global

Emkay Global has buy call on Atul Auto Ltd. with a target price of Rs 305. The current market price of Atul Auto Ltd. is Rs 191.5.

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 420.10 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 30-09-2021, the company reported a Consolidated Total Income of Rs 86.06 Crore, up 165.37 % from last quarter Total Income of Rs 32.43 Crore and up 11.75 % from last year same quarter Total Income of Rs 77.01 Crore. Company reported net profit after tax of Rs -4.51 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 52.7 per cent stake in the company as of 30-Sep-2021, while FIIs owned 0.03 per cent, DIIs 0.59 per cent.