Fundamental

ATUL

Ticker : 500027
BUY: Rs.3805
Target: Rs.4200
Face Value : Rs.10
Equity: Rs. 29.66Cr.
52-Week H/L: Rs.3825/2600 



Atul Limited manufactures value-added chemicals by blending basic chemicals and natural resources for diverse industries. In Q4FY19, the company's revenue was up 15.4 per cent yoy to Rs 1000.84 crore. EBITDA grew by 33.1 per cent yoy to Rs 193 crore and EBITDA margin stood at 19 per cent. PAT during the quarter was up 8.6 per cent yoy at Rs 108.54 crore. In FY19, the revenue grew by 26.01 per cent yoy to Rs 3915.8 crore. EBITDA for the year jumped by 55.9 per cent yoy to Rs 736 crore. PAT too jumped by 58.5 per cent yoy to Rs 428.6 crore. For FY19, the company has proposed dividend of Rs 15 per equity share. The company plans to expand capacities of epoxy resins and curing agents and also develop new products and formulations. By virtue of these factors, we recommend it as a BUY.