ATUL LTD
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BSE Code:
500027
NSE Code:
ATUL
Business Profile
Business Profile
Atul was incorporated in the year 1947. The company was formerly known as Atul Products and was founded by Kasturbhai Lalbhai.
The company`s business interest includes manufacturing dyes and dye intermediates, agro-chemicals, aromatic like para-anisaldehyde, epoxy resins and pharma intermediates.
The company joined hands with American Cyanamid Corp (1952), Imperial Chemical Industries (1955) and Ciba-Geigy (1960) to form 3 joint venture companies respectively, namely, Cyanamid India, Atic Industries and Cibatul respectively.
Atul operates through six business divisions, namely, agrochemicals, aromatics, bulk chemicals and intermediates, colors, pharmaceuticals and intermediates and polymers. It has a registered office in Ahmedabad whereas its corporate headquarters is located in Atul, Gujarat.
Financials
Atul disclosed a steady growth in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company rose 11.23% to Rs 178.30 million from Rs 160.30 million in the same quarter last year. Net sales for the quarter rose 38.29% to Rs 3,510.90 million, while total income for the quarter rose 38.21% to Rs 3,574.50 million, when compared with the prior year period. The company posted earnings of Rs 6.01 a share during the quarter, registering 4.34% growth over prior year period.
Recent Developments
09-APR-09
CARE has retained a A- rating to the long term bank facilities and also retained a PR1 rating to the short term bank facilities of the company.