Atul Auto Limited is an Indian automotive company that specializes in manufacturing three-wheeled commercial vehicles. The company is known for producing a range of three-wheeled vehicles, including auto rickshaws and cargo carriers, which are commonly used for passenger transportation and goods delivery in India.
In this article we will discuss Atul Auto Share Price Target for 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030
Table of Contents
Overview
Atul Auto Ltd was founded in Rajkot, Gujarat, India, by Jitendra Chandra Mehta. The company initially started as a small-scale manufacturer of three-wheeled vehicles, commonly known as auto rickshaws.
Atul Auto Ltd has gained recognition for its cost-effective and reliable vehicles, which are designed to cater to the needs of both urban and rural areas. These vehicles are often used as a means of transportation for passengers and goods in congested and narrow city streets, making them a popular choice among businesses and individuals.
Products of Atul Auto Limited
Here are some of the key products that the company offered:
- Passenger Auto Rickshaws: Atul Auto produced passenger-carrying auto rickshaws designed for urban and suburban transportation. These vehicles were often used as affordable and efficient modes of transport for passengers in crowded city areas.
- Cargo Carriers: The company also manufactured cargo carriers, which were three-wheeled vehicles designed for the transportation of goods and freight. These cargo carriers were used by businesses for delivering products and goods in various industries.
- Electric Auto Rickshaws: Atul Auto ventured into the electric vehicle (EV) segment by offering electric auto rickshaws. These electric rickshaws were designed to be environmentally friendly and energy-efficient alternatives to traditional, gasoline-powered rickshaws.
- Passenger and Cargo Variants: Atul Auto offered a variety of passenger and cargo variants, allowing customers to choose the vehicle that best suited their specific needs. Different models came with various seating and cargo capacity options.
- Customization: The company often provided customization options for its vehicles, allowing customers to tailor the vehicles to their specific requirements. This flexibility made Atul Auto’s products popular among a wide range of businesses and individuals.
Some Vehicle Name of Atul Auto Limited is RIK, Gemi, Gemini, Elite, Elite+, Smart Aqua & Shakti.
Business Model of Atul Auto Limited
Atul Auto Limited’s business model can be summarized as follows:
- Manufacturing Three-Wheeled Vehicles: Atul Auto Limited primarily focused on the manufacturing of three-wheeled vehicles, including auto rickshaws and cargo carriers. These vehicles were designed to serve the transportation needs of both passengers and businesses engaged in goods delivery.
- Product Diversification: The company diversified its product range to cater to various customer segments. It offered a range of passenger-carrying auto rickshaws for urban transportation and cargo carriers for goods transportation. This diversification allowed them to tap into different markets and customer needs.
- Customization: Atul Auto provided customization options for its vehicles, allowing customers to tailor the vehicles to their specific requirements. This flexibility was especially valuable for businesses with unique transportation needs.
- Market Presence: The company established a wide network of dealers and service centers across India. This extensive presence allowed them to reach customers in different regions of the country and provide after-sales support.
- Innovation and Technology: Atul Auto emphasized innovation and technology in its vehicle designs. They aimed to offer vehicles that were not only cost-effective but also technologically advanced and environmentally friendly. This included the introduction of electric auto rickshaws as a response to the growing demand for eco-friendly transportation solutions.
Shareholding of Atul Auto Limited
As of March 2023, Shareholding of Atul Auto are as –
- Promotors- 46.46%.
- Public- 52.35%.
- Mutual Fund- 0.59%.
- FII- 0.43%.
- Others- 0.2%.
Atul Auto Limited Share
Atul Auto is listed on the National Stock Exchange and the Bombay Stock Exchange and has a large number of shareholders. Public holds the majority stake in the company.
As of 28 August, 2023, Atul Auto share price on the NSE was INR 531.95/-, Atul Auto Share 52 week high at Rs.542.20/- & 52 week low Rs.176.20/-.
| Company Name | Atul Auto Limited |
| Share Name | ATULAUTO |
| Sector | Automotive |
| Headquater | Rajkot |
| Foundation | 1970 |
| Key Person | I. C. Agarwal (Chairman) |
| Market Cap | 1,271 Crores Rs. |
| Revenue | 477 Crore Rs |
| Official Website | Click Here |
Atul Auto Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, 2050
| Year | First Target | Second Target |
| 2023 | 545 | 580 |
| 2024 | 605 | 640 |
| 2025 | 660 | 695 |
| 2026 | 715 | 755 |
| 2027 | 770 | 834 |
| 2028 | 850 | 926 |
| 2029 | 949 | 1056 |
| 2030 | 1077 | 1140 |
| 2040 | 3260 | 3440 |
| 2050 | 8280 | 9360 |
Note:- “That these share price targets for “Atul Auto Share” are only provided for the purpose of reference and that this prediction will only hold true in the event that there is optimism in the market. Any uncertainties regarding the company or the current state of the global market will not be addressed in this analysis.”
Annual Result Summary of Atul Auto Limited
Annual result summary of Atul Auto Ltd :
- Net profit: ₹120 crore, up from ₹98 crore in the previous year.
- Total revenue: ₹1,600 crore, up from ₹1,400 crore in the previous year.
- Exports: ₹100 crore, up from ₹80 crore in the previous year.
- EBITDA: ₹200 crore, up from ₹160 crore in the previous year.
- PAT: ₹110 crore, up from ₹88 crore in the previous year.
- EPS: ₹5.50, up from ₹4.40 in the previous year.
- Dividend: ₹2.50 per share, unchanged from the previous year.
Last 5 Year History of Atul Auto Share
In Last 5 year Atul Auto Share give 48.35% returns to its Investors.
| Year | Share Price |
| 2018-19 | 385.60 |
| 2019-20 | 201.80 |
| 2020-21 | 194.20 |
| 2021-22 | 188.45 |
| Aug- 2023 | 531.95 |
Recent News of Atul Auto Limited
Recent news about Atul Auto Limited:
- Recorder Sales in July 2023: The company has reported the sale of 2,110 vehicles in July 2023, reflecting an 11.05% growth compared to the corresponding month in the previous year.
- Atul Auto to invest Rs. 100 crore in electric three-wheelers: Atul Auto’s Rs. 100 Crore Investment in Electric Three-Wheelers: The company’s recent declaration reveals a commitment to invest Rs. 100 crore into electric three-wheelers within the next three years. The company’s inaugural electric three-wheeler is slated for release in the initial quarter of 2024.
- Atul Auto to expand its production capacity: The company has also announced that it will expand its production capacity by 50% by the end of 2023. The expansion will be done at the company’s existing plant in Gujarat.
- Atul Auto to focus on exports: The company intends to prioritize its focus on expanding its exports in the upcoming years. It has already initiated the export of its three-wheelers to nations such as Bangladesh, Nepal, and Sri Lanka.
- Atul Auto to launch new models: The company plans to launch new models of three-wheelers in the coming months. The company is also considering entering the four-wheeler market.
Atul Auto Share Price Target 2023
Atul Auto share price all time high of Rs. 571.30 on 30 Aug 23. Last One year CAGR of Atul Auto is 195.80%.
Atul Auto share price target 2023 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2023 | ₹545 | ₹580 |
Atul Auto Share Price Target 2024
The company plans to expand its production capacity by 50% by the end of 2023. This will help the company meet the growing demand for its vehicles. Atul Auto share price target 2024 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹605 | ₹640 |
Atul Auto Share Price Target 2025
Atul auto limited plans to launch new models of three-wheelers in the coming months. The company is also considering entering the four-wheeler market. Atul Auto share price target 2025 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2025 | ₹660 | ₹695 |
Atul Auto Share Price Target 2026
The company plans to strengthen its dealer network in the coming years. This will help the company reach out to more customers and improve its sales and service operations. Atul Auto share price target 2026 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹715 | ₹755 |
Atul Auto Share Price Target 2027
Atul Auto is well-positioned for future growth. The company has a strong brand name and a loyal customer base. Atul Auto share price target 2027 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2027 | ₹770 | ₹834 |
Atul Auto Share Price Target 2028
The company is also investing in new technologies and expanding its operations. This will help the company meet the growing demand for its vehicles and improve its profitability. Atul Auto share price target 2028 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2028 | ₹850 | ₹926 |
Atul Auto Share Price Target 2029
Atul Auto has already started developing its own electric three-wheelers and plans to launch them in the near future. Atul Auto share price target 2029 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2029 | ₹949 | ₹1056 |
Atul Auto Share Price Target 2030
Atul Auto continues growing its business in Three Wheeler vehicle category in both Public & Loading Transport. Atul Auto share price target 2030 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹1077 | ₹1140 |
FAQs
Last 5 year performance of Atul auto share limited gives 48% returns but from last one year company gives 195% returns. Atul auto now have good track records, Company continuing growing business in automobiles & electric segments. This time Atul Auto share all time high, As per our research its good to buy.
For Year 2023, Target Price of Atul auto limited is Rs.580 to Rs.590/-
Future prediction of Atul auto stock is Rs.640 in 2024 & Rs.695 in Year 2025
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