Atul Auto Limited (ATULAUTO) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Atul Auto Limited stock ₹255, price ₹400, that is 36.3% below the price, quality 54 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range ₹152.38 – ₹794.36 · fair‑value band ₹141.53 – ₹395.04 · the ₹399.95 price screens above the ₹254.81 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Atul Auto Limited manufactures and sells three-wheeler automobiles in India. The company provides passenger, cargo, and e-rickshaw vehicles, as well as spare parts and accessories and auto finance. It offers its products under the Atul RIK, Atul GEM, Atul Elite, Atul:E, and Atul Shakti brands.
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The company also exports its products. The company has a strategic partnership with Exponent Energy Private Limited to jointly develop and deploy rapid charging electric 3-wheelers. The company was founded in 1970 and is headquartered in Rajkot, India.
Stock analysis
Atul Auto Limited (ATULAUTO) currently trades at ₹399.95, while our model-based Fair Value estimate is ₹254.81, 36% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹327.94 per share, and 2 of the 24 models we run sit above the ₹399.95 price.
Bear case: the Economic Profit group reads lowest at ₹130.47, and 22 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹141.53 (bear) to ₹395.04 (bull), the price of ₹399.95 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Atul Auto Limited reported revenue of ₹8.2B in FY2026 versus ₹3.1B in FY2022, a compound +28.0%/yr. Reported net income was ₹423M in FY2026.
Key figures
Market cap ₹11.1B (≈ $118M) Micro · P/E ratio 24.8 · P/S ratio 1.16 · EPS (TTM) ₹16.12 · Net margin 4.7% · Return on equity 10.0% · Return on assets (EBIT) 5.1% (5-year average) · Operating margin 4.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 8% fair-value upside, at −36%, ATULAUTO screens richer than that median.
Fair Value models
Bear₹141.53Fair Value ₹254.81Bull₹395.04
Price ₹399.95 · Downside -36.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹9.94 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+14.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.2%
Start year 2021 (pandemic). Over 10 years: +4.5% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.2%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ −9.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−9.0% vs −1.9%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−4% → 8%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Approximate: the rate leans on 2026, which sits 349% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+34.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +29.5% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Auto Manufacturers · 119 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−36.3% · Bottom 25%
Profitability
Return on equity (12 months)10.0% · Above median
Return on assets5.5% · Top 25%
Net margin (12 months)4.7% · Above median
Operating margin (12 months)4.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)35.0% · Top 25%
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Auto Manufacturers median · lower = cheaper
P/E (12 months)24.8× · Pricier than median
P/B2.30× · Pricier than median
P/S (12 months)1.16× · Pricier than median
Price / free cash flow (fiscal year)40.6× · Pricier than median
EV/EBITDA12.9× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 35
FUTURE (revenue growth)100· sector 40
PAST (return on equity)40· sector 23
HEALTH (low debt)96· sector 93
DIVIDEND (yield)0· sector 51
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Atul Auto Limited Fair Value". https://www.fairvalue-calculator.com/stock/ATULAUTO
Frequently asked questions
Is Atul Auto Limited (ATULAUTO) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ₹254.81 versus a price of ₹399.95, about 36% lower (overvalued).
What is the fair value of ATULAUTO?
Our model-based fair value for Atul Auto Limited is ₹254.81 (as of Nov 7, 2026), built from audited fundamentals. The current price: ₹399.95.
What is the quality score of ATULAUTO?
Atul Auto Limited has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Atul Auto Limited (ATULAUTO)?
Our model-based price target is the fair value of ₹254.81 (as of Nov 7, 2026) from 24 valuation models. Cautious scenario ₹141.53, optimistic scenario ₹395.04. It is a calculation from audited fundamentals, not an analyst target.
What is the Atul Auto Limited stock forecast for 2026?
Our models put fair value at ₹254.81, about 36% lower versus a price of ₹399.95 (overvalued). Cautious scenario ₹141.53, optimistic scenario ₹395.04. The calculation is refreshed regularly with new filings.
What is the revenue of Atul Auto Limited (ATULAUTO)?
Atul Auto Limited reported trailing-twelve-month revenue of about ₹9.6B (latest available figure, as of Nov 7, 2026).
What growth is priced into Atul Auto Limited (ATULAUTO)?
For today's price to be fair in a discounted-cash-flow model, Atul Auto Limited would have to grow free cash flow by +34.8 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +23.2 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of ATULAUTO use?
Our models discount Atul Auto Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.26, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Atul Auto Limited that is +34.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Atul Auto Limited (ATULAUTO) delivered so far?
Over the past 5 years revenue at Atul Auto Limited grew +23.2 % a year. The price currently implies free-cash-flow growth of +34.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Atul Auto Limited (ATULAUTO) growing?
The median revenue growth in the sector is +4.4 % a year. That is the yardstick for the growth priced into Atul Auto Limited (+34.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Atul Auto Limited (ATULAUTO)?
The free-cash-flow yield on the price is 2.47 %: that much free cash flow Atul Auto Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Atul Auto Limited (ATULAUTO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Atul Auto Limited it is ₹254.81 per share (as of Nov 7, 2026), against a price of ₹399.95. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Atul Auto Limited stock overvalued or undervalued in 2026?
As of Nov 7, 2026, ATULAUTO trades above its calculated fair value: price ₹399.95, fair value ₹254.81, a gap of about −36% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ATULAUTO?
No. The price is what the market pays today (₹399.95); the fair value is what the company's own numbers justify (₹254.81). For Atul Auto Limited the two are ₹145.14 per share apart. That gap is exactly why we show both numbers side by side.
How much is Atul Auto Limited worth?
The market values Atul Auto Limited at about ₹11.1B (market capitalisation, as of Nov 7, 2026). Per share that is ₹399.95; our models calculate a fair value of ₹254.81 per share.
What do the bullish and bearish scenarios say about ATULAUTO?
Our models span a range for Atul Auto Limited: cautious scenario ₹141.53, base ₹254.81, optimistic ₹395.04 per share (as of Nov 7, 2026, price ₹399.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ATULAUTO?
Atul Auto Limited trades at a price-to-earnings ratio of 24.8 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹254.81 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2026), reported earnings: 26.5. Other multiples: P/B 2.3, P/S 1.2, EV/EBITDA 12.9.
How solid is the balance sheet of Atul Auto Limited (ATULAUTO)?
Balance-sheet figures for Atul Auto Limited (as of Nov 7, 2026): return on equity 10.0%, debt of 0.08 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is ATULAUTO from its 52-week high?
Atul Auto Limited trades at ₹399.95, about 31% below its 52-week high of ₹577.07 and 5% above the low of ₹379.65 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹254.81 is for.
Which stocks are comparable to Atul Auto Limited?
From the same area (Consumer Cyclical) we also value Tesla, Inc, Toyota Motor Corporation, BYD Company, Ferrari N.V, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Atul Auto Limited stock attractive at the current price?
The data as of Nov 7, 2026: price ₹399.95, calculated fair value ₹254.81 (−36%), Quality Score 54/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ATULAUTO calculated?
We run Atul Auto Limited through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹254.81 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Atul Auto Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Atul Auto Limited (ATULAUTO)?
The closing price on Nov 9, 2026 was ₹399.95. Our model-based fair value is ₹254.81, about 36% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Atul Auto Limited right now?
The model range is unusually wide (₹141.53 to ₹395.04). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Atul Auto Limited (ATULAUTO) come from?
Earnings per share at Atul Auto Limited grew −8.4 % a year from 2015 to 2026. Broken into its drivers: revenue per share +0.9 %, EBIT margin −5.0 %, tax rate +1.1 %, residual (interest, one-offs) −5.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Atul Auto Limited
How large is the market capitalisation of Atul Auto Limited (ATULAUTO)?
The market capitalisation of Atul Auto Limited is ₹11.1B (≈ $118M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Atul Auto Limited (ATULAUTO)?
The price-to-sales ratio of Atul Auto Limited is 1.16 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Atul Auto Limited (ATULAUTO)?
Earnings per share at Atul Auto Limited are ₹16.12 (price ÷ EPS = P/E 24.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Atul Auto Limited (ATULAUTO)?
The net margin of Atul Auto Limited is 4.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Atul Auto Limited (ATULAUTO)?
The return on equity (ROE) of Atul Auto Limited is 10.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Atul Auto Limited (ATULAUTO)?
On an EBIT basis the return on assets of Atul Auto Limited is 5.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Atul Auto Limited (ATULAUTO)?
The operating margin of Atul Auto Limited is 4.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Atul Auto Limited (ATULAUTO)?
Revenue at Atul Auto Limited is growing +35.0% versus a year earlier (3y avg +20.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Atul Auto Limited (ATULAUTO)?
Earnings per share at Atul Auto Limited are growing −27.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Atul Auto Limited (ATULAUTO) carry?
The net debt of Atul Auto Limited is ₹1.2B (fiscal year 2026, ≈ 4.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 7, 2026