Promoter holding
64.27%
AL
Atul Limited - Due diligence report
A 360° intelligence report on Atul: trust score, financial health, credit view, compliance, directors, growth and distress signals - generat…
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Atul — 360° Intelligence Report
Generated from MCA filings & public records69/100
Trust Score
Moderate
Atul is assessed as Moderate with a Trust Score of 69/100. Atul is an active public limited indian non-government company incorporated in 1975, operating in the Chemicals and Materials sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Atul Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
69/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
35/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (AA+).
Charges position: 1 open (530.00 cr) · 59 satisfied (1,339.34 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 3 | 48.0 cr |
| Export-Import Bank Of India | 2 | 48.0 cr |
| International Finance Corporation | 2 | 48.0 cr |
| Export Import Bank Of India | 7 | 48.0 cr |
| Bank Of India | 4 | 48.0 cr |
| State Bank Of India With Icici Bank & Karur Vysya Bank Ltd | 1 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE.
- Litigation present in 3 court forum(s).
- Delayed payments to MSME suppliers disclosed (50 disclosure(s)).
- 16 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 35/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RANGASWAMY RATHAKRISHNAN IYER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| LALIT PATNI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRAVEEN PURUSHOTTAM KADLE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUJAL SHAH ANIL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUNIL SIDDHARTH LALBHAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRADEEP JYOTI BANERJEE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Gopi Kannan Rengachari Thirukonda | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHARADCHANDRA DAMODAR ABHYANKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SAMVEGBHAI ARVINDBHAI LALBHAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GOPI KANNAN RENGACHARI THIRUKONDA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIVEK YESHWANT GADRE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Lalit Patni | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHANTANU MAHARAJ KHOSLA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PADMAJA CHUNDURU | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 14 directors on the board.
- PADMAJA CHUNDURU has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 7 director exits in 3 years - high churn.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2024 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
6
Group entities
10
Capital events
-
Promoters hold the largest single block of equity - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Aaranyak Urmi Limited | Subsidiary Company | 74.00% |
| Aasthan Dates Limited | Subsidiary Company | 74.00% |
| Atul (retail) Brands Limited | Subsidiary Company | 74.00% |
| Atul Aarogya Limited | Subsidiary Company | 74.00% |
| Atul Adhesives Private Limited | Subsidiary Company | 74.00% |
| Atul Ayurveda Limited | Subsidiary Company | 74.00% |
| Atul Bio Space Limited | Subsidiary Company | 74.00% |
| Atul Bioscience Limited | Subsidiary Company | 74.00% |
| Atul Brasil Quimicos Ltda | Subsidiary Company | 74.00% |
| Atul China Ltd | Subsidiary Company | 74.00% |
Key managerial personnel: SUNIL SIDDHARTH LALBHAI (Managing Director) · Gopi Kannan Rengachari Thirukonda (CFO) · SAMVEGBHAI ARVINDBHAI LALBHAI (Managing Director) · GOPI KANNAN RENGACHARI THIRUKONDA (Whole-time director) · VIVEK YESHWANT GADRE (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 80
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
Operating for 50+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
4 director exits within 2 years.
Compliance score is weak (42/100).
1 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 80.47 Lakh.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence62/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment82/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 530.00 cr already registered.
- Compliance gaps should be priced into terms.
Investor view80/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events28 Nov 2025
Director ceased
SHANTANU MAHARAJ KHOSLA
17 Oct 2025
Director appointed
SHANTANU MAHARAJ KHOSLA (Director)
25 Jul 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
06 Mar 2025
Director ceased
VIVEK YESHWANT GADRE
Director ceased
PADMAJA CHUNDURU
24 Jan 2025
Director appointed
VIVEK YESHWANT GADRE (Whole-time director)
Director appointed
PADMAJA CHUNDURU (Director)
25 Jul 2024
Director ceased
PRAVEEN PURUSHOTTAM KADLE
01 May 2024
Director appointed
PRAVEEN PURUSHOTTAM KADLE (Director)
30 Nov 2023
Director ceased
SUJAL SHAH ANIL
Director ceased
SHARADCHANDRA DAMODAR ABHYANKAR
20 Oct 2023
Director appointed
SUJAL SHAH ANIL (Director)
Director appointed
SHARADCHANDRA DAMODAR ABHYANKAR (Director)
27 Jul 2023
Director ceased
RANGASWAMY RATHAKRISHNAN IYER
10
Key Observations
Auto-generated from the data aboveRevenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
14 active director(s) / partner(s); review board churn before relying on management continuity.
16 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of AA+ from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
6 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Emcure | L24231PN1981PLC024251 | Pune City, Maharashtra, India |
| Bbil | U24119KA2016PLC093936 | Bengaluru, Karnataka, India |
| Himadri | L27106WB1987PLC042756 | Kolkata, West Bengal, India |
| Tatachemicals | L24239MH1939PLC002893 | Mumbai, Maharashtra, India |
| Lauruslabs | L24239AP2005PLC047518 | Anakapalle, Andhra Pradesh, India |
| Piramal Pharma | L24297MH2020PLC338592 | Mumbai, Maharashtra, India |
| Bayer India | L24210MH1958PLC011173 | Thane West, Maharashtra, India |
| Pcblltd | L23109WB1960PLC024602 | Kolkata, West Bengal, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Atul before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Atul: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Favourable lending indicators. Credit risk score 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 75/100, margin trends, ownership structure and peer set for Atul - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 69/100, distress signals and MSME payment-delay disclosures - know whether Atul pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Atul - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Atul an active company?
Atul has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Atul financially healthy?
Atul has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Atul?
Its overall Trust Score is 69/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Atul?
Promoters hold the largest single block of equity - exact percentages are in the full report. 14 active director(s) are on record.
Does Atul have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 59 earlier charge(s) stand satisfied.
Is Atul up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Atul?
Its Credit Risk Score is 95/100 (Low Risk). Banker verdict: Favourable lending indicators.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
