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03 Dec 2016 | 5:02 PM
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Equity Research Report: Religare Investment call : Atul Auto ltd

Atul Auto is one of the fastest growing three wheeler companies in India. It caters to diverse group of customers in Cargo and Passenger segment with 0.35 tonnes and 0.5 tonnes capacity platform. The company has strong distribution network of 200 primary dealers and 120 secondary dealers across India.
22 Mar 2016 | 10:24 AM

Net sales and Net profit have grown @ CAGR of 32.7% and 55% respectively from FY10 to FY15. The company has stable dividend payout history, strong cash flows and healthy return ratios. The management has ambitious plan to sell 1,00,000 vehicles annually in next 3-5 years.

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