Analysis
Report: Atul Auto (BUY; Estimated Price: Rs. 980)
About the Company
Atul Auto Ltd.
began its operations in 1992 at Rajkot, Gujarat and was founded by Late Mr.
Jagjivanbhai Karsanbhai Chandra. Being a relatively younger player in the
automobile industry, Atul Auto cleared all the hurdles and has become one of
the fastest growing players in the 3 wheeler segment. Moreover in the last five
years, the production and turnover has grown by three folds. The company has
achieved turnover of Rs. 429.26 Crores (US $ 75.02 Millions) for FY 2013-14.
The company has an expanded production capacity of 48,000 units at its Rajkot
plant. Local level innovations and process re-engineering are the major factors
behind this expansion. The company has been conferred with "IndiaMart -
Leaders of Tomorrow Award 2013" in Auto Components sector of West Zone
presented by ET Now.
Shareholding Pattern
Cat
Code
|
Category of Shareholder
|
Number
of
Shareholders
|
Total
number
of shares
|
Number
of
shares
held in
dematerialized
form
|
Total
shareholding as a percentage of total number of shares
|
A
|
SHAREHOLDING OF PROMOTER AND PROMOTER GROUP
|
28
|
11563810
|
11563810
|
52.699
|
B
|
Public Shareholding
|
||||
1.
|
INSTITUTIONS
|
||||
A
|
MUTUAL FUNDS/UTI
|
3
|
1972634
|
1972634
|
8.99
|
B
|
Financial institutions/Banks
|
1
|
2150
|
2150
|
.010
|
C
|
Central/state govt.
|
1
|
4609
|
4609
|
.021
|
D
|
Foreign institutional investors
|
16
|
720302
|
720302
|
3.283
|
2.
|
NON- INSTITUTIONS
|
||||
A
|
Corporate Bodies (Indian/foreign/Overseas)
|
255
|
1200442
|
1200262
|
5.471
|
B
|
Individuals(Resident/ NRI/ Foreign National)
|
||||
(i)
|
Individual shareholders holding Nominal share
Capital up to Rs.1 lakh
|
9290
|
2971101
|
2718695
|
13.540
|
(ii)
|
Individual shareholders holding Nominal share
Capital above Rs.1 lakh
|
19
|
1428564
|
1401564
|
6.510
|
C
|
Any other-Clr-Mem
|
242
|
928392
|
928392
|
4.231
|
OCB
|
1
|
1200
|
0
|
.005
|
|
NRI
|
361
|
1149996
|
370468
|
5.241
|
|
Total
Public Share Holding (B)
|
10189
|
10379390
|
9319076
|
47.301
|
|
TOTAL(A+B)
|
10217
|
21943200
|
20882886
|
100.00
|
