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Atul Ltd

| Standalone Financial Results for Q4 and Year Ended March 31, 2026

Report Source

24th Apr 26

Summary : Atul Ltd reported strong financial results with increased profit and revenue, proposed a dividend, and reappointed its MD, while navigating new labor codes.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Consolidated Cost of materials consumed (FY26): ₹3,252.99 cr.
  2. Consolidated Employee benefit expenses (FY26): ₹515.57 cr.
  3. Consolidated Depreciation and amortisation expenses (FY26): ₹322.13 cr.
  4. Consolidated Other expenses (FY26): ₹776.26 cr.
  5. Consolidated Revenue from Operations (FY26): ₹6,273.54 cr.
  6. Life Science Chemicals (FY26): ₹1,805.24 cr.
  7. Performance and Other Chemicals (FY26): ₹4,608.73 cr.
  8. Others (FY26): ₹80.39 cr.
  9. Consolidated Net cash flow from operating activities (FY26): ₹1,022.77 cr.
  10. Consolidated Net cash used in investing activities (FY26): ₹894.55 cr.
  11. Consolidated Net cash used in financing activities (FY26): ₹98.46 cr.
  12. Consolidated Total Assets (March 31, 2026): ₹7,900.49 cr.
  13. Consolidated Total Equity (March 31, 2026): ₹6,296.53 cr.
  14. Consolidated Total Liabilities (March 31, 2026): ₹1,603.96 cr.
  15. Both standalone and consolidated financial results are presented.
  16. Auditors provided opinions on both standalone and consolidated results.

Corporate Overview

  1. Operations in India and international subsidiaries (e.g., Germany, Europe, Middle East, Brazil, China, USA).
  2. Assessing impact of new Labour Codes on employee benefits.
  3. Active pharmaceutical ingredients and crop protection chemicals.
  4. Adhesion promoters, bulk chemicals, epoxy resins, hardeners.
  5. Intermediates, textile dyes, agribiotech, food products, services.
  6. Factual and compliant, reporting financial results and board decisions.
  7. Life Science Chemicals
  8. Performance and Other Chemicals
  9. Others

Risk Factors

  1. Impact of new Labour Codes.
  2. Reliance on other auditors for subsidiaries.
  3. Unaudited financial information for some subsidiaries.
  4. Future events may impact going concern.

Key Drivers

  1. Proposed dividend of ₹30 per share.
  2. Strong growth in revenue and profit.
  3. Unmodified audit opinion received.
  4. Managing Director reappointed for five years.

Auditor’s Report

  1. Unmodified audit opinion on standalone and consolidated financial results.

Board Commentary

  1. Mr. Samveg Lalbhai reappointed as Managing Director for five years.
  2. Effective from December 15, 2026, subject to members' approval.
  3. Proposed dividend of ₹30 per equity share for FY26.
  4. Subject to approval at the Annual General Meeting (AGM).
  5. Record date for dividend eligibility is July 17, 2026.
  6. Payment date on or after August 05, 2026.
  7. Impact assessment of new Labour Codes on employee benefits.
  8. Excess provision of ₹24.38 cr reversed due to new Labour Codes.

Corporate Governance

  1. Adherence to ICAI's Code of Ethics.
  2. Nomination and Remuneration Committee.
  3. Audit Committee.