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Entry Price

175.00

Target

215.00

Recommend Date

10-09-2020

Return

22.86 %
BUY

Date : 10-09-2020

Atul Auto (AAL), in over three decades of existence, is a prominent 3-W OEM based out of Gujarat with a presence across passenger, cargo segments (60%, 40% as of FY20, respectively). Domestically, it commands ~6% overall market share (4% in passenger, 16% in cargo). It offers 3-Ws across the fuel range viz. diesel (~80% of sales) and alternative fuels (petrol, CNG, LPG; ~20% of sales) including e-rickshaws; with in-house lithium ion offering slated to be introduced in the next two to three quarters.