| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 1,877 | 1,552 | +21.0% |
| EBITDA | 247 | 267 | −7.8% |
| EBITDA margin | 13.1% | 17.2% | −4.1 pts |
| Profit before tax | 214 | 230 | −6.8% |
| Net profit | 159 | 182 | −13.0% |
| EPS | ₹52.89 | ₹60.88 | −13.1% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 15,150 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 1,948 | 1,733 | 868 | 487 | 228 | ||
| 85.3 | 74.6 | 63.8 | 49.1 | 48.0 | ||
| 180 | 180 | 198 | 232 | 47.0 | ||
| 13,467 | — | — | — | — | ||
| 6,969 | 6,274 | 5,583 | 4,726 | 5,428 | ||
| — | +12.4% | +18.1% | −12.9% | — | ||
| 1,168 | 1,031 | 913 | 637 | 775 | ||
| 16.8% | 16.4% | 16.4% | 13.5% | 14.3% | ||
| 853 | 709 | 596 | 394 | 577 | ||
| 787 | 689 | 499 | 324 | 507 | ||
| 11.3% | 11.0% | 8.9% | 6.9% | 9.3% | ||
| ₹262.20 | ₹230.26 | ₹164.38 | ₹109.72 | ₹172.09 | ||
| — | +40.1% | +49.8% | −36.2% | — | ||
| — | 1,023 | 603 | 667 | 707 | ||
| — | −175 | −270 | −504 | −875 | ||
| 848 | 848 | 333 | 164 | −168 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 15,149.8 | |
| - Cash, Equiv & ST Investments | 227.6 | 486.7 | 867.6 | 1,733.0 | 1,947.9 | |
| + Minority Interest | 48.0 | 49.1 | 63.8 | 74.6 | 85.3 | |
| + Total Debt | 47.0 | 231.9 | 197.7 | 179.8 | 179.8 | |
| Enterprise Value | — | — | — | — | 13,467.0 | |
| Revenue | 5,427.5 | 4,725.7 | 5,583.4 | 6,273.5 | 6,968.7 | |
| Growth %, YoY | — | -12.9 | +18.1 | +12.4 | — | |
| EBITDA | 774.9 | 636.7 | 913.0 | 1,030.8 | 1,168.0 | |
| Margin % | 14.28 | 13.47 | 16.35 | 16.43 | 16.76 | |
| EBIT | 577.0 | 393.8 | 596.1 | 708.7 | 852.7 | |
| Net Income | 506.6 | 324.1 | 498.8 | 689.4 | 787.3 | |
| Margin % | 9.33 | 6.86 | 8.93 | 10.99 | 11.30 | |
| EPS, Adj (current shares) | 172.09 | 109.72 | 164.38 | 230.26 | 262.20 | |
| Growth %, YoY | — | -36.2 | +49.8 | +40.1 | — | |
| Cash from Operations | 706.7 | 667.5 | 603.1 | 1,022.8 | — | |
| Capital Expenditures | -874.7 | -503.9 | -270.2 | -174.9 | — | |
| Free Cash Flow | -168.0 | 163.6 | 333.0 | 847.9 | 847.9 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Atul (NSE: ATUL) had a market capitalisation of ₹14,804 crore at the 29 October 2026 close (₹5,028.50 a share), a PE ratio of 19.2 on the last four quarters' profit and a price-to-book ratio of 2.25. In FY26 its consolidated net profit attributable to shareholders was ₹678 crore on revenue of ₹6,274 crore; in Q2 FY27 (July–September 2026) it was ₹156 crore, down 13.1% year on year. Its debt-to-equity ratio was 0.02 on 30 September 2026. Promoters held 45.33% of the shares on 30 September 2026.
Atul's PE ratio is 19.2 at the 29 October 2026 close (₹5,028.50 a share): a market capitalisation of ₹14,804 crore divided by consolidated net profit attributable to shareholders of ₹772 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹678 crore) it is 21.8.
Atul's price-to-book (PB) ratio is 2.25 at the 29 October 2026 close: a market capitalisation of ₹14,804 crore divided by shareholders' equity (book value) of ₹6,583 crore on 30 September 2026. That is a book value of ₹2,236.10 per share against a share price of ₹5,028.50.
Atul's net worth — shareholders' equity in its consolidated balance sheet — was ₹6,583 crore on 30 September 2026, up 11.2% from ₹5,918 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹14,804 crore at the 29 October 2026 close.
Atul's market capitalisation was ₹14,804 crore at the 29 October 2026 close: 2.94 crore shares at ₹5,028.50 each.
Atul's basic earnings per share (EPS) were ₹230.25 in FY26, against ₹164.37 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹262.19.
In 2026, Atul has declared one dividend: ₹30 with record date 17 July 2026.
No. Atul had borrowings of ₹167 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.02. Its cash and current investments were ₹1,969 crore, so it held net cash of ₹1,802 crore.
Atul's debt-to-equity ratio was 0.02 on 30 September 2026: borrowings of ₹167 crore against total equity of ₹6,668 crore. A year earlier, on 30 September 2025, it was 0.03.
Atul's dividend yield is 0.60% at the 29 October 2026 close: dividends of ₹30 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹5,028.50. They were ₹30 on 17 July 2026.
In FY26, Atul's return on equity (ROE) was 11.5% and its return on capital employed (ROCE) was 11.0%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 9.0% and ROCE 10.2%.
On 30 September 2026, Atul's shares were held by promoters 45.33%, foreign portfolio investors (FII/FPI) 8.90%, domestic institutions (DII) 25.23% (including mutual funds at 13.62%) and retail and other non-institutional investors 20.53%. Over the year, FII holding was up 0.59 percentage points from 8.31% and DII holding was up 0.27 percentage points from 24.96%.
On FY26 consolidated figures, against Aarti Industries, Deepak Nitrite and SRF: Atul's operating margin of 11.3% is the second highest of the four (Aarti Industries 8.4%, Deepak Nitrite 9.6%, SRF 16.2%; peer average 11.4%); its return on equity of 11.5% is the second highest of the four (Aarti Industries 7.3%, Deepak Nitrite 9.8%, SRF 13.8%; peer average 10.3%).
Atul's book value per share was ₹2,236.10 on 30 September 2026: shareholders' equity of ₹6,583 crore divided by the 2.94 crore shares in issue, up 11.2% from ₹2,010.02 a year earlier. The share price at the 29 October 2026 close was ₹5,028.50.
Atul's latest results are for Q2 FY27 (July–September 2026), filed on 23 October 2026: consolidated net profit attributable to shareholders ₹156 crore, down 13.1% from ₹179 crore in Q2 FY26; revenue from operations ₹1,877 crore, up 21.0% year on year.
In FY26 (April 2025–March 2026), Atul's consolidated net profit attributable to shareholders was ₹678 crore, up 40.1% from ₹484 crore in FY25, on revenue from operations of ₹6,274 crore (up 12.4%). Over three years, from FY23, net profit was up 33.8%.
Promoters held 45.33% of Atul on 30 September 2026, unchanged from the previous quarter and up 0.12 percentage points from 45.21% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Atul generated ₹1,023 crore of cash from operations and spent ₹175 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹848 crore. In FY25 it was ₹333 crore.
Atul has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, Atul's PE ratio is 21.8, the lowest of the four: Aarti Industries 37.7, Deepak Nitrite 37.6 and SRF 37.7, a peer average of 37.7. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Atul earned net profit attributable to shareholders of ₹678 crore on revenue of ₹6,274 crore, against ₹419 crore on ₹8,286 crore for Aarti Industries. Atul's operating margin was 11.3% (Aarti Industries 8.4%) and its return on equity 11.5% (Aarti Industries 7.3%). At the 29 October 2026 close, Atul's market capitalisation was ₹14,804 crore against ₹15,806 crore for Aarti Industries, and its PE ratio on FY26 profit 21.8 against 37.7.
From Atul's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.