Financial Performance Highlights
Atul Limited reported strong financial results for FY 2025-26 with consolidated revenue reaching ₹6,274 crore (12% YoY growth) and profit after tax of ₹689 crore (38% YoY growth). Standalone performance showed revenue of ₹5,564 crore (10% growth) and PAT of ₹595 crore (30% growth). The company maintained a debt-free balance sheet with cash equivalents of ₹1,366 crore in mutual funds and recommended a 300% dividend of ₹30 per share, totaling ₹88.33 crore payout.
Segment Performance and Operations
The Life Science Chemicals segment contributed 29% of revenue (₹1,805 crore) with crop protection bulk actives growing 16%, while Performance and Other Chemicals represented 71% (₹4,388 crore) with polymers and adhesives showing strong growth of 18% and 24% respectively. The company operates 8 production sites, serves 4,000+ customers across 32 industries, and exports to 88 countries with 4,330 employees managing 900+ products.
ESG and Sustainability Achievements
Atul demonstrated significant environmental progress with 1,79,073 tCO₂e reduction in emissions, 1,09,221 kL decrease in water consumption (8.3% reduction), and achieved zero liquid discharge at Ankleshwar site with 91% wastewater recycling. Social initiatives benefited 3,26,652 individuals through CSR programs, while governance maintained 63.64% independent directors and 83% committee leadership by independents.
Subsidiaries and Joint Ventures
Key subsidiaries performed well: Atul Bioscience Ltd (₹149 cr revenue, 9% growth), Atul Products Ltd (₹474 cr revenue, 35% growth). Joint ventures included Rudolf Atul Chemicals (₹162 cr revenue, ₹30 cr PBT) and the newly formed Atul-Buckman Specialities for water treatment chemicals. However, Anaven LLP reported losses of ₹36 crore with ₹28.76 crore in overdue loans noted by auditors.
Risk Management and Compliance
The company maintains a comprehensive Enterprise Risk Management framework covering digitalization, geopolitical, cyber, supply chain, and regulatory risks. Significant tax disputes totaling ₹46.87 crore remain pending across Income Tax, GST, and Customs authorities. The company confirmed full compliance with SEBI Listing Regulations, Companies Act, and various accounting standards.
Capital Structure and Investments
Equity share capital stood at ₹29.44 crore with book value per share of ₹2,057 and EPS of ₹202.11. Capital expenditure was ₹141 crore with additional commitments of ₹40.23 crore for property, plant and equipment. The group maintained strong liquidity with current ratio of 1.98 times and return on capital employed of 16.94%.
Governance and Leadership
The board composition included 11 directors (7 independent, 4 executive) with 7 meetings held during FY26. Mr. Shantanu Khosla was appointed as Independent Director, while Mr. Bharathy Mohanan retired as Whole-time Director. Deloitte Haskins & Sells LLP continued as statutory auditors, issuing an unqualified opinion with observations on overdue loans.