Last fortnight I had an opportunity to go to somnath…on pilgrimage… Where we have home ground experience s of Atul auto three wheelers.
**YOUNG DRIVERS GO FOR PASSENGER THREE WHEELERS OF M&M FOR ITS TECHNOLOGY AND POST SALES COMPLIANCE
**RELATIVELY ELDER STILL GO FOR ATUL AUTO AS THEY FEEL TO BE IN THEIR INHERITANCE…
MY PERSONAL EXPERIENCE AS PASSENGER…
IN M&M RIDE IS MORE COMFORTABLE…
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Just now I spoke to the owner of a big dealer in AHMADABAD…
ISSUE OF DISCRIPENCY IN VAT OF 15% &20% HAS BEEN RESOLVED BY THE GOVT. OF GUJARAT.and in a fortnight govt. Will issue the notification…so dealers have started to purchase and invested in Atul auto from this week onwards…
POSITIVE FOR A.A.
disclosure… INVESTED SINCE 2012 13…
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Auto Expo 2016: Atul Auto showcases the new Atul Gem and Atul Gemini CNG
Written by Gaurav Masurekar
Atul Auto (6)
Atul Auto Limited, one of India’s better known three wheeler manufacturers showcased their new Atul Gem and Atul Gemini CNG at the Auto Expo 2016. The new range is a premium offering of diesel and CNG three-wheelers. Currently the company offers a wide range of front and rear engine platform in both diesel and CNG three-wheeler products for cargo and passenger transportation.
Atul Auto (8)
With an annual production capacity of 60,000 units at its Rajkot plant the company has received a good response for its Atul Shakti and Atul Gem range. The said range caters to both rural and semi-urban market and the company has sold around 275,000 units. In order to reach new markets and repeat the feat, Atul Auto has unveiled their all new CNG three-wheeler Gemini range.
Atul Auto (9)
On the occasion Jayanti Chandra, Chairman and Managing Director, Atul Auto Limited said that their company has always delivered value to its customers and stakeholders by focusing on development of various low cost and last mile transportation solutions. Their R&D centres supported by qualified team of engineers are engaged continuously for the up gradation and improvement of existing products and development of new oines. With the new product range the company plans to capture substantial market share by offering customers with environment friendly products that are low on maintenance and cost effective.
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BEAUTIFUL
GOLF CAR GREEN VERSION
GREEN CAR FOR SIGHTSEEING…
JYST FABULOUS…
http://www.atulauto.co.in/product_details.php?catId=5&pId=22
Atul Auto : Q4 net profit at Rs. 10.9 crore
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05/30/2016 | 01:04pm EDT
Atul Auto Q4 net profit stood at Rs. 10.9 crore. The total income was at Rs. 129.7 Crore as against Rs. 122.5 Cr (YoY).
EBITDA margin stood at 13.3%.
Atul Auto Ltd ended at Rs. 484.85, down by Rs. 5.5 or 1.12% from its previous closing of Rs. 490.35 on the BSE. The scrip opened at Rs. 491.6 and touched a high and low of Rs. 494 and Rs. 480.2 respectively. A total of 31245(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1075.98 crore. The BSE group ‘B’ stock of face value Rs. 5 touched a 52 week high of Rs. 581 on 06-Jan-2016 and a 52 week low of Rs. 330 on 12-Jun-2015. Last one week high and low of the scrip stood at Rs. 493.1 and Rs. 473 respectively. The promoters holding in the company stood at 52.7 % while Institutions and Non-Institutions held 16.53 % and 30.77 % respectively. The stock traded below its 50 DMA.
© 2016 India Infoline Ltd. All rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers
My questions around this space is about the lack of differentiation in a brand. This is a well run business but in automoblies smaller you get more commoditized it becomes. Competition is very strong.
In a recent road trip in Orissa I started counting different brands of 3 wheelers on Highway and here is what I found. Please be advised This is only based on sample of some 20-30 3-wheelers
There are 5-6 different brands which more or less look similar on the roads
Piaggio seemed like a leader with most numbers on the roads (not scientific observation). Mahindra and Atul probably come next and then there are some other players. I also saw Piaggio and Mahindra new showrooms opening in areas distant from cities.
Obviously I am not trying to extrapolate this to national level but this confirms my hypothesis is that competition is strong in this business and players with strong purses are investing into it.
I read a auto blog on an e-rickshaw (yes I know it is not the same segment but it is adjacent) exhibition and it was just really small mom and pop establishments coming up with their own brands. putting together a 3-wheeler does not seem to be that big of a technological challenge.
All this points out to competition being intense ( Piaggio as a significant player was not even on radar for me) so we need to evaluate the sustainability of this business.
Discl: Not Invested
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Atul Auto Ltd. – Value Analysis (BSE INDIA:531795) : June 10, 2016
http://www.capitalcube.com/blog/index.php/atul-auto-ltd-value-analysis-bse-india531795-june-10-2016/#
INDIANIVESH REPORT ON ATUL AUTO LTD
https://files.acrobat.com/a/preview/ba7c0ba8-a9ba-4712-a9f5-236d5da7f79a
Research report by ICICI SECURITIES ON ATUL AUTO…LATEST REPORT
I’m not able to download this file (could be my firewall). Do you have a mirror link?
Try this link. This might help.
http://content.icicidirect.com/mailimages/IDirect_AtulAuto_Q4FY16.pdf
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Thanks for the report. However, mystified by the thought of someone wasting so much time to research and make a report to predict possible 1% upside in next 12 months !!
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Sales performance figures for the month of June 2016: Link
Sales growth as of month June 2016 is 0.27%
And April to June growth is (-13.94)%
Disc not invested
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July monthly figures are also down 14% YoY. Anyone following this company or invested here. What exactly is the problem here. I thought the tax issue in Gujarat is largely settled.
Is Vijay Kedia still invested in Atul Auto?
I think he has exited but I entered today at 415.
He has exited and had sold it to morgan stanley.
He disclosed it in a talk at IIM ranchi i guess. Youtube it.
Atul auto is facing challenges in exports. increased capacity will over-weigh on margins #AskReligareOnMarkets (1/2) https://t.co/YyKP435pno
in near term. Recommend HOLD. To access more reports https://t.co/HCybOXxZTq (2/2) https://t.co/YyKP435pno