Buy Atul Auto, target price Rs 200: Emkay Global

Emkay Global has buy call on Atul Auto with a target price of Rs 200. The current market price of is Rs 174.

Time period given by analyst is one year when . price can reach defined target.

Atul Auto Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 381.48 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

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For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 94.98 Crore, down -8.01 % from last quarter Total Income of Rs 103.25 Crore and up 3.74 % from last year same quarter Total Income of Rs 91.56 Crore. Company reported net profit after tax of Rs -5.73 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 52.7 per cent stake in the company as of 31-Mar-2022, while FIIs owned 0.13 per cent, DIIs 0.2 per cent.

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