Atul logo

Atul share price

NSE: ATULBSE: 500027Chemicals & PetrochemicalsSmall Cap

Atul Limited · Formerly Atul Products · Face value ₹10 · Listed Apr 1978 on BSE, May 1998 on NSE
Last close ₹5,028.50down ₹117.50 (2.28%)BSE ₹5,023.05

Share price at the NSE close on 30 Oct 2026. Previous close ₹5,146.00.

30 Oct: open ₹5,146.00, high ₹5,146.00, low ₹4,995.00

52-week range of traded prices to 30 Oct 2026
₹4,995.00Low, 30 Oct 2026₹7,180.00High, 7 May 2026
Market cap
₹14,805 Cr352nd largest listed
P/E
19.18
P/B
2.25
Dividend yield
0.60%
ROE
12.4%
ROCE
12.5%
Debt to equity
0.03
Volume, NSE
70,84053.3% delivered

Atul share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−13.5%over a year · Nifty Chemicals −9.0% · Nifty 500 −8.2%

ResultsBuyback20-session average 48,722 shares a day, 55.6% delivered

About Atul

Atul Limited is a Gujarat-based chemical company that makes crop protection chemicals, pharmaceutical ingredients, epoxy resins and hardeners, textile dyes, aromatic chemicals and bulk chemical intermediates.123 Its customers are in agriculture, pharmaceuticals, textiles, paints and coatings, automobiles, aerospace and defence, and personal care.456

The business is reported as 2 segments, Life Science Chemicals and Performance and Other Chemicals, run through 9 businesses: Aromatics, Bulk Chemicals and Intermediates, Colors, Crop Protection Bulk Actives, Crop Protection Retail, Floras, Pharmaceuticals, Polymers Performance Materials and Polymers Retail.3 Its brands include Zura, Sindica, Salix, Rymix, Prabhavi, Lepto, Juba Gold, Cyno and Amsac in crop protection, Lacare cleaners for marble and tile, and Polygrip wood adhesives.67 Its own plants are at Atul, Ankleshwar and Panoli in Gujarat and at Tarapur in Maharashtra; subsidiaries run sites at Ambernath in Maharashtra, Jodhpur in Rajasthan and Baltonsborough in the United Kingdom.8

Atul was founded by Kasturbhai Lalbhai, and the company says it was the first private sector company in India to be inaugurated by Prime Minister Jawaharlal Nehru.910 Its first site, at Atul in Valsad district, spreads across 1,346 acres.1011 On 17 Mar 2026, the company marked 74 years of manufacturing.9 Sunil Lalbhai is its Chairman and Managing Director, and Samveg Lalbhai is a Managing Director.12 It holds 50:50 joint ventures with Rudolf in textile chemicals and with Nouryon in monochloroacetic acid.13

Atul key points

Results

  • In the quarter to Sep 2026, consolidated revenue was ₹1,877 crore against ₹1,552 crore a year earlier, EBITDA (earnings before interest, tax, depreciation and amortisation) ₹295 crore against ₹316 crore, and profit after tax ₹159 crore against ₹182 crore.14
  • In the half year to Sep 2026, consolidated revenue was ₹3,725 crore against ₹3,030 crore a year earlier, EBITDA ₹722 crore against ₹578 crore, and profit after tax ₹413 crore against ₹315 crore.14
  • In the year to Mar 2026, consolidated sales of ₹6,203 crore and consolidated profit before tax of ₹901 crore were the highest the company has reported.15
  • In the year to Mar 2026, the consolidated EBITDA margin rose to 20%, return on capital employed (operating profit as a share of the capital used) to 17%, and free cash flow (cash left after capital spending) to ₹1,023 crore.16

Business segments

  • Revenue by segment (share of total revenue)1718
    Itemyear to Mar 2026year to Mar 2025
    Performance and Other Chemicals₹4,388 crore (71%)₹3,818 crore (70%)
    Life Science Chemicals₹1,805 crore (29%)₹1,692 crore (30%)
  • Sales of selected Performance and Other Chemicals businesses192021
    Itemyear to Mar 2026year to Mar 2025
    Polymers Performance Materials₹1,710 crore₹1,445 crore
    Aromatics II₹810 crore₹837 crore
    Colors₹687 crore₹630 crore
    Polymers Retail₹304 crore₹245 crore
  • Sales of selected Life Science Chemicals businesses2223
    Itemyear to Mar 2026year to Mar 2025
    Crop Protection Bulk Actives₹725 crore₹627 crore
    Pharmaceuticals and Aromatics I₹595 crore₹633 crore
    Crop Protection Retail₹280 crore₹256 crore

Where revenue comes from

  • Consolidated segment revenue by location24
    Itemyear to Mar 2026year to Mar 2025
    India₹3,772.81 crore₹3,328.26 crore
    Outside India₹2,500.73 crore₹2,255.09 crore
  • In the year to Mar 2026, the company sold its products in 88 countries, directly and through subsidiaries in the USA, the UK, the UAE, China and Brazil.25

Plants and capacity

  • The group has 8 production sites, a 73 megawatt (MW) captive power plant and an effluent treatment plant of 33 million litres a day (MLD).26
  • In the year to Mar 2026, the company commissioned 3 new plants, for epoxy, polysulfone and wind-grade structural adhesives, and expanded and debottlenecked (removed bottlenecks to raise output from) capacity in several businesses.27
  • The group spent ₹141 crore on capital expenditure in the year to Mar 2026 and had no net borrowings.28

Customers and partners

  • On a standalone basis, the company serves about 4,000 customers in about 32 industries. No single customer accounts for 10% or more of the group's revenue.2924

Research and development

  • In the year to Mar 2026, the company spent ₹38 crore on research and development (R&D) and had 10 R&D laboratories with 233 R&D staff.30
  • The company developed 24 new products and introduced 51 new formulations in the year to Mar 2026, against 24 new formulations a year earlier.31
  • In the year to Mar 2026, 11 Drug Master Files (dossiers on how a drug ingredient is made) were filed, taking active filings to 48. The 3 pharmaceutical sites, 2 of them wholly owned subsidiary Atul Bioscience's, have cleared US FDA inspections with no observations.32
  • In its presentation of 24 Oct 2026, the company said it had commercialised Halosulfuron, a herbicide used in sugarcane and maize, and obtained a European certificate of suitability (CEP) for the drug ingredient Mebeverine Hydrochloride.33

What the company expects

  • The company stated in its annual report for the year to Mar 2026 that it aims for medium-term additional sales of about ₹900 crore (consolidated) from existing capacities, about ₹600 crore from own expansions and initially about ₹300 crore from joint ventures.34
  • The company stated in its annual report for the year to Mar 2026 that 2 new Aromatics II projects taken up that year are expected to start operating in the year to Mar 2027.35

Recent events

  • On 23 Oct 2026, the board approved a buyback (the company buying its own shares) from the open market of up to ₹90,00,00,000, excluding transaction costs, at no more than ₹7,500 a share, from shareholders other than the promoters.3637
  • On 6 Feb 2026, Atul-Buckman Specialties Pvt Ltd was incorporated as a joint venture of the company and Buckman Laboratories (Asia) to make water treatment chemicals.3839
  • On 13 Dec 2025, the company agreed to buy 26.30% of Torrent Urja 39 Pvt Ltd for up to ₹13.86 crore, to become a captive user of the hybrid wind and solar power plant it is building in Gujarat.40

Last updated

All 40 sources, each with its page
  1. 1. Annual report, 17 Jul 2026, page 317
  2. 2. Annual report, 17 Jul 2026, page 122
  3. 3. Annual report, 17 Jul 2026, page 7
  4. 4. Annual report, 17 Jul 2026, page 24
  5. 5. Annual report, 17 Jul 2026, page 99
  6. 6. Annual report, 17 Jul 2026, page 96
  7. 7. Investor presentation, 24 Oct 2026, page 15
  8. 8. Annual report, 17 Jul 2026, page 329
  9. 9. Annual report, 17 Jul 2026, page 14
  10. 10. Investor presentation, 24 Oct 2026, page 3
  11. 11. Annual report, 17 Jul 2026, page 53
  12. 12. Annual report, 17 Jul 2026, page 113
  13. 13. Investor presentation, 24 Oct 2026, page 8
  14. 14. Investor presentation, 24 Oct 2026, page 9
  15. 15. Annual report, 17 Jul 2026, page 14
  16. 16. Annual report, 17 Jul 2026, page 14
  17. 17. Annual report, 17 Jul 2026, page 97
  18. 18. Annual report, 17 Jul 2026, page 95
  19. 19. Annual report, 17 Jul 2026, page 99
  20. 20. Annual report, 17 Jul 2026, page 97
  21. 21. Annual report, 17 Jul 2026, page 100
  22. 22. Annual report, 17 Jul 2026, page 95
  23. 23. Annual report, 17 Jul 2026, page 96
  24. 24. Annual report, 17 Jul 2026, page 318
  25. 25. Annual report, 17 Jul 2026, page 85
  26. 26. Investor presentation, 24 Oct 2026, page 4
  27. 27. Annual report, 17 Jul 2026, page 41
  28. 28. Annual report, 17 Jul 2026, page 24
  29. 29. Annual report, 17 Jul 2026, page 123
  30. 30. Annual report, 17 Jul 2026, page 24
  31. 31. Annual report, 17 Jul 2026, page 38
  32. 32. Annual report, 17 Jul 2026, page 97
  33. 33. Investor presentation, 24 Oct 2026, page 13
  34. 34. Annual report, 17 Jul 2026, page 14
  35. 35. Annual report, 17 Jul 2026, page 97
  36. 36. Exchange filing, 23 Oct 2026, page 1
  37. 37. Exchange filing, 23 Oct 2026, page 2
  38. 38. Exchange filing, 6 Feb 2026, page 1
  39. 39. Exchange filing, 6 Feb 2026, page 2
  40. 40. Exchange filing, 13 Dec 2025, page 1

Results

Consolidated; ₹ crore.Atul quarterly results

Revenue growth, 12 months
+18.1%
Net profit growth, 12 months
+42.4%

Quarter to Sep 2026, against the quarter before

Revenue
₹1,877 Crup 1.57%
Net profit
₹159 Crdown 37.50%
Net margin
8.5%

Revenue by quarter

₹1,417 CrDec 24₹1,452 CrMar 25₹1,478 CrJun 25₹1,552 CrSep 25₹1,574 CrDec 25₹1,670 CrMar 26₹1,848 CrJun 26₹1,877 CrSep 26
Peak revenue ₹1,877 Cr, quarter to Sep 2026; lowest ₹1,417 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹117 CrDec 24₹130 CrMar 25₹132 CrJun 25₹182 CrSep 25₹164 CrDec 25₹211 CrMar 26₹254 CrJun 26₹159 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue1,4171,4521,4781,5521,5741,6701,8481,877
Net profit117130132182164211254159
Net margin8.3%9.0%9.0%11.8%10.4%12.6%13.7%8.5%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Performance and Other Chemicals₹4,609 Crup 13.56%71.0%
  • Life Science Chemicals₹1,805 Crup 6.71%27.8%
  • Others₹80 Cr1.2%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Atul PE ratio and valuation

Price to earnings

At or below today's level on 1% of 2,231 trading days over the last 10 years.

LowestHighest
Its median31.89Industry median23.63
Price to book

At or below today's level on 0.1% of 1,985 trading days since Oct 2018.

LowestHighest
Its median4.33Industry median2.45
Dividend yield

At or below today's level on 94% of 2,475 trading days over the last 10 years.

LowestHighest
Its median0.38%Industry median0.49%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+4.3%+40.1%−25.9%0.5%
3 years−2.5%+9.8%−11.5%0.4%
5 years−1.7%+0.8%−2.9%0.4%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Atul shareholding pattern

Shareholding by group

  • Promoters45.33%
  • Foreign institutions8.90%
  • Indian institutions25.23%
  • Individuals and others20.53%
Holder
Aagam Holdings Private LimitedPromoter22.60%
Arvind Farms Pvt LtdPromoter9.50%
Life Insurance Corporation of IndiaInsurance companies5.44%
Aagam Agencies Pvt LtdPromoter4.20%
Sbi Life Insurance Co. LtdInsurance companies3.69%
Aayojan Resources Private LtdPromoter2.10%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Promoters have pledged 0.97% of their shares. Since Jun 2026: promoters unchanged, foreign institutions +1.46 pts, Indian institutions −0.70 pts, mutual funds −0.46 pts.

Mutual fund holdings

83 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 39 of the 49 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 83 funds holding Atul

Bought again
1
Added
16
Cut
33
Held unchanged
33
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 31 Oct 2025.Atul insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade · 7 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Atul competitors and peers

Specialty Chemicals, 130 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Atul in market cap.Chemical companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Aether Industries logoAether IndustriesAETHER21,451–8.27+30.8%––10.1%0.00%
Deepak Nitrite logoDeepak NitriteDEEPAKNTR20,72419.513.20+23.8%+99.9%17.7%18.3%0.49%
Aarti Industries logoAarti IndustriesAARTIIND15,80626.642.52+39.8%+103.8%9.9%8.5%0.23%
Fine Organic Industries logoFine Organic IndustriesFINEORG15,48035.335.81+7.3%+5.7%17.7%17.6%0.22%
BASF India logoBASF IndiaBASF13,19820.533.34+6.7%+62.4%16.9%20.2%0.82%
Anupam Rasayan India logoAnupam Rasayan IndiaANURAS13,01974.513.91+51.8%+41.5%5.7%6.2%0.13%
Privi Speciality Chemicals logoPrivi Speciality ChemicalsPRIVISCL12,571–7.98+17.5%––20.8%0.31%
Sudeep Pharma logoSudeep PharmaSUDEEPPHRM12,06663.8912.60––22.5%20.1%0.14%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Atul dividend history

Dividend per share, ₹, restated for later splits and bonuses

10Mar 1712Mar 1815Mar 1928Mar 2020Mar 2125Mar 2233Mar 2320Mar 2425Mar 2530Mar 26
Highest ₹32.50 a share, year to Mar 2023.
Ex-dateTypePer share
17 Jul 2026Final₹30.00
11 Jul 2025Final₹25.00
12 Jul 2024Final₹20.00
14 Jul 2023Final₹25.00
2 Nov 2022Special₹7.50
14 Jul 2022Final₹25.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Atul announcements

Atul share price by year

Each calendar year to 2025.Atul share price history

YearClose at year endChangeHighest closeLowest close
20256,141.00−11.8%7,696.005,166.80
20246,959.95−2.7%8,036.355,475.55
20237,154.95−13.4%8,207.606,136.45
20228,258.00−8.6%10,663.457,845.30
20219,039.10+40.6%10,824.156,296.70
20206,430.10+58.7%6,948.703,506.25
20194,050.80+17.9%4,332.403,263.80
20183,436.95+25.6%3,595.352,600.30
20172,735.70+31.7%2,752.701,994.65
20162,077.90+28.9%2,440.051,321.15
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
29 Oct 20265,225.005,225.005,103.505,146.005,150.8654,46856.5%
28 Oct 20265,401.005,423.505,200.005,225.505,241.2359,43254.5%
27 Oct 20265,334.005,501.505,225.005,413.505,318.0665,06950.2%
26 Oct 20265,511.005,531.505,124.005,354.005,305.301,20,67739.3%
23 Oct 20265,985.006,023.005,525.005,576.005,690.341,51,42322.4%
22 Oct 20266,003.006,034.505,913.505,999.505,995.5236,17867.6%
21 Oct 20266,201.006,290.005,950.006,022.506,060.6432,43835.8%
19 Oct 20266,229.006,229.006,070.006,082.006,131.7011,28245.8%
16 Oct 20266,166.006,242.006,125.506,196.506,187.1519,93457.9%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson and managing director
Sunil Siddharth Lalbhai
At the end of the quarter to Sep 2026
Managing director
Samvegbhai Arvindbhai Lalbhai
At the end of the quarter to Sep 2026
NSE symbol
ATUL
BSE code
500027
ISIN
INE100A01010
Industry
Chemicals & Petrochemicals
Former symbols
ATULPROD
CIN
L99999GJ1975PLC002859
Corporate identity number, the registrar of companies' code for it
Incorporated
1975
Registered office
Atul House, G I Patel Marg, Ahmedabad 380014, Gujarat
Share registrar
MUFG Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments