Atul quarterly results and financials

Atul (ATUL)₹5,290−0.09%(9 Nov 2026 close)Specialty Chemicals

Key facts

In the Sep 2026 quarter (consolidated), Atul reported sales of ₹1,878 Cr, up 21.0% from Sep 2025, and net profit of ₹159 Cr, down 12.7% year on year. For the year to Mar 2026, sales were ₹6,279 Cr and net profit ₹689 Cr.

Sales (Sep 2026): ₹1,878 Cr
Net profit (Sep 2026): ₹159 Cr
Sales (FY Mar 2026): ₹6,279 Cr
Net profit (FY Mar 2026): ₹689 Cr
EPS (Sep 2026): ₹52.95
Borrowings (Mar 2026): ₹182 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Atul quarterly results

₹ crore unless stated; each column is a quarter.

Atul Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	1,138	1,212	1,322	1,393	1,416	1,452	1,478	1,551	1,573	1,671	1,849	1,878
Expenses	989	1,068	1,102	1,154	1,196	1,233	1,245	1,287	1,331	1,392	1,459	1,635
Operating Profit	152	148	223	243	224	223	236	267	247	281	394	247
OPM %	13.0%	12.0%	17.0%	17.0%	16.1%	15.0%	16.1%	17.0%	16.0%	17.0%	21.0%	13.0%
Other Income	17.01	16.02	16.02	35.04	19.01	50.04	28.01	50.05	40.02	92.13	35.04	50.01
Interest	2.01	5.01	5.01	9.01	4.01	5.01	5.01	5.01	4.01	4.01	4.01	4.01
Depreciation	61.09	76.10	77.13	78.11	81.12	82.06	82.05	81.03	80.11	79.09	78.07	78.05
Profit before tax	105	83.14	158	191	158	186	177	231	203	290	348	214
Tax %	31.9%	29.0%	29.0%	26.9%	26.0%	29.9%	25.0%	21.0%	19.9%	27.0%	27.0%	25.9%
Net Profit	72.03	58.99	112	140	117	130	132	182	164	211	254	159
EPS (Rs)	24.09	19.87	38.10	46.54	37.00	43.05	43.47	61.04	54.72	71.46	83.47	52.95

Atul profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Atul Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	2,596	2,832	3,516	4,039	4,096	3,730	5,080	5,432	4,726	5,582	6,279	6,971
Expenses	2,137	2,331	3,014	3,280	3,196	2,818	4,177	4,630	4,098	4,680	5,252	5,816
Operating Profit	461	510	505	767	902	917	913	806	639	918	1,033	1,169
OPM %	18.0%	18.0%	14.0%	19.0%	22.1%	25.1%	18.1%	15.0%	14.0%	16.0%	16.0%	16.8%
Other Income	36.99	57.06	30.01	37.99	83.04	109	82.12	86.12	65.09	115	206	217
Interest	28.08	25.06	13.03	7.01	9.01	9.02	9.02	8.02	11.03	24.04	17.04	16.04
Depreciation	66.10	95.08	110	119	130	136	177	198	243	317	322	315
Profit before tax	405	447	413	681	847	884	812	689	452	694	902	1,055
Tax %	32.0%	28.0%	31.9%	36.0%	20.9%	25.0%	25.0%	26.0%	28.0%	27.9%	23.0%	—
Exceptional items	0.00	2.99	0.00	1.99	8.97	17.94	15.95	−15.94	−1.99	−2.99	−0.99	—
Net Profit	274	323	281	436	671	660	606	507	324	499	689	788
EPS (Rs)	92.55	109.02	93.44	146.11	225.06	222.20	204.68	174.42	109.89	164.68	230.52	262.60
Dividend payout %	9.0%	9.0%	13.0%	10.0%	12.0%	9.0%	12.0%	19.1%	18.0%	15.0%	13.0%	—

Atul balance sheet

₹ crore, at each year end.

Atul Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	30.04	30.05	30.04	30.01	30.02	30.03	30.02	30.03	30.02	29.03	29.05	29.05
Reserves	1,012	1,591	1,943	2,220	2,685	3,136	3,809	4,415	4,654	5,105	5,591	6,215
Borrowings	298	315	168	15.96	54.88	108	127	144	51.87	237	202	182
Other Liabilities	483	532	589	745	779	876	977	1,112	1,023	1,099	1,173	1,458
Total Liabilities	1,823	2,468	2,728	3,012	3,548	4,151	4,942	5,700	5,759	6,469	6,996	7,886
Fixed Assets	516	753	1,030	1,030	1,108	1,128	1,423	1,639	1,776	2,803	2,858	2,688
CWIP	112	180	59.13	96.15	173	369	251	421	1,036	281	124	110
Investments	66.19	383	431	472	755	1,141	1,366	1,344	883	1,396	1,771	2,600
Other Assets	1,129	1,153	1,209	1,413	1,513	1,512	1,903	2,296	2,064	1,989	2,241	2,488
Inventories	416	429	420	412	514	505	596	867	792	620	731	817
Trade receivables	443	442	520	724	700	721	734	991	847	930	1,128	1,274
Cash & equivalents	37.02	21.98	28.01	49.01	53.98	35.02	348	69.01	51.97	72.01	64.96	95.02
Total Assets	1,823	2,468	2,728	3,012	3,548	4,151	4,942	5,700	5,759	6,469	6,996	7,886

Atul cash flow

₹ crore, for each year.

Atul Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	306	401	392	356	404	882	718	231	708	668	603	1,023
Cash from investing activity	−168	−376	−176	−129	−409	−785	−647	−164	−470	−685	−496	−894
Cash from financing activity	−124	−38.88	−211	−206	−0.99	−111	−51.82	−56.76	−256	37.88	−118	−97.59
Net cash flow	16.05	−13.05	5.01	19.06	−5.02	−11.03	21.07	11.03	−20.06	22.07	−9.03	34.10
Capex	202	372	217	143	208	374	323	591	874	504	270	175
Free cash flow	111	30.92	180	213	194	506	395	−358	−167	164	333	848
CFO / OP %	94.9%	110.9%	92.9%	90.9%	85.9%	121.9%	99.9%	46.9%	111.9%	121.0%	81.9%	112.9%

Atul ratios

Working-capital days and returns, by year.

Atul Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	61	62	67	75	63	64	72	71	57	72	74	74
Inventory days	105	118	107	83	89	93	128	122	101	90	97	90
Days payable	69	87	86	93	66	88	121	90	69	84	82	94
Cash conversion cycle	97	93	88	66	86	69	78	103	89	77	89	70
Working capital days	51	47	66	77	75	60	66	78	69	70	78	70
ROCE %	26.0%	26.0%	23.0%	19.0%	27.0%	28.0%	24.0%	19.0%	15.0%	9.0%	13.0%	15.0%

Atul: frequently asked questions

What are the latest quarterly results of Atul?

For the Sep 2026 quarter, Atul reported sales of ₹1,878 Cr, up 21.0% year on year and net profit of ₹159 Cr, down 12.7% year on year. The operating margin was 13.0%.

What is the annual revenue of Atul?

Atul's sales for the year to Mar 2026 were ₹6,279 Cr; over the last twelve months they were ₹6,971 Cr.

What is the net profit of Atul?

Net profit for the year to Mar 2026 was ₹689 Cr, and ₹788 Cr over the last twelve months. Earnings per share over the same trailing period were ₹262.60.

How much debt does Atul have?

Atul reported borrowings of ₹182 Cr at Mar 2026, against cash and equivalents of ₹95.02 Cr.

What is the free cash flow of Atul?

Cash from operations was ₹1,023 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹848 Cr.

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