Buy Atul, target price Rs 10145: Anand Rathi

Anand Rathi has buy call on Atul with a target price of Rs 10145. The current market price of Atul Ltd. is Rs 8898.95.
Atul Ltd., incorporated in the year 1975, is a Mid Cap company (having a market cap of Rs 26296.76 Crore) operating in Chemicals sector.

Atul Ltd. key Products/Revenue Segments include Dyes & Pigments, Sale of services, Export Incentives, Scrap and Processing Charges for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1512.79 Crore, up 8.63 % from last quarter Total Income of Rs 1392.64 Crore and up 36.31 % from last year same quarter Total Income of Rs 1109.82 Crore. Company reported net profit after tax of Rs 162.34 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 45.05 per cent stake in the company as of 30-Jun-2022, while FIIs owned 8.82 per cent, DIIs 23.37 per cent.