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Atul Ltd.

BSE: 500027 Sector: Industrials
NSE: ATUL ISIN Code: INE100A01010
BSE 00:00 | 20 Jul 2861.80 43.40
(1.54%)
OPEN

2820.80

HIGH

2885.05

LOW

2814.55

NSE 00:00 | 20 Jul 2870.75 64.15
(2.29%)
OPEN

2831.50

HIGH

2900.00

LOW

2801.95

OPEN 2820.80
PREVIOUS CLOSE 2818.40
VOLUME 2462
52-Week high 3090.00
52-Week low 1958.25
P/E 31.40
Mkt Cap.(Rs cr) 8,488
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 2820.80
CLOSE 2818.40
VOLUME 2462
52-Week high 3090.00
52-Week low 1958.25
P/E 31.40
Mkt Cap.(Rs cr) 8,488
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Atul Ltd. (ATUL) - Company History

Atul is one of the largest integrated chemical companies of India serving about 6000 customers belonging to 31 industries across the world. The company manufactures more than 900 products from 65 manufacturing plants. The products cater to the needs of varied industries such as Adhesives Agriculture Animal Feed Automobile Composites Construction Cosmetic Defence Electrical and Electronics Flavour Food Footwear Fragrance Glass Home Care Horticulture Hospitality Paint and Coatings Paper Personal Care Plastic Rubber Soap and Detergent Sports and Leisure Textile Tyre and Wind Energy across the world. The company has established subsidiary companies in the USA (1994) the UK (1996) China (2004) Brazil (2012) and the UAE (2015) to serve its customers and thus enhance breadth and depth of its business.Atul Ltd. a Lalbhai Group company was formerly known as Atul Products. It was promoted by Kasturbhai Lalbhai in 1947 and engaged in the business of manufacturing dyes and dye intermediates agro-chemicals aromatic like para-Anisaldehyde epoxy resins and pharma intermediates.Gujarat Aromatics was merged with Atul in 1988-89 And Atul promoted two manufacturing companies namely Atic Industries in 1956 and Cibatul in 1960. Atic Industries which was promoted in collaboration with ICI UK manufactures Vat and other active dyes and Sulphuric acid. While the Cibatul which was promoted in collaboration with Ciba-Geigy manufactures sulphur drug intermediates resins and auxiliaries. In 1985 the company transferred its investments in Atic and Cibatul to a wholly-owned subsidiary Ameer Trading Corporation and later in 1995-96 this Atic Industries was integrated with Atul.In 1986 the company took over the management of Piramal Rasayan through its 100% subsidiary and subsequently changed the name of the company to Amal Rasayan. Atul has also promoted Gujarat Synthwood to manufacture PVC Foam Sheets. Atul's other two fully owned subsidiaries apart from Ameer Trading are Anusandan Investments and Sharik Investment Pvt Ltd. In 1995 the company commissioned para-cresidine and para anisicaldehyde manufacturing plants.In 1995-96 the company was implementing a project to manufacture non-benzidine dyestuffs with a capacity of 1700 tpa and the company has commissioned the project for manufacture of para cresol in 1997-98. In 1996-97 the company issued 50000 14% cumulative redeemable preference shares of Rs 100/- each amounting to Rs 50 lacs. During the same year the agro chemicals and pharmaceuticals division obtained ISO 9002 certification for phenoxy and urea herbicides from TUV Bayern of Germany.In 2000-01 the company has initiated the plan of installation of third fluidisied boiler in order to become self reliant in captive power generation. In 2012-2013 the company set up a production facility for tissue culture raised date palms in Jodhpur Rajasthan the first of its kind in India. Also during the year the company expanded para Cresol manufacturing facility. During the year the company established a 22000 sq ft research facility to build the business of APIs and API intermediates.In 2013-2014 the company cut liquid effluent in 41 products by 79% on an average. The company's Ankleshwar site was converted into a `zero liquid effluent discharge' facility. During the year the company developed 67 new products and formulations in R&D. Also during the year the company developed a mobile application to send requisitions and receive quotations.In 2014-2015 the company implemented `Atul mobSales' - open source integrated mobility solution for brand sales. The company implemented `Atul i-Quote' - open source vendor portal to ensure better connect with vendors. It also implemented `Saral' - open source human resource self-service multi-lingual kiosk system. During the year Atul achieved zero liquid effluent discharge in one key product.In 2015-2016 the company achieved zero liquid discharge in the manufacture of one more key product. During the year the company replaced mercury based caustic/chlorine plant with an environment-friendly membrane based plant. During the year the company introduced 65 new products and 19 formulations. Also during the year the company's Dapsone manufacturing plant received USFDA approval. The company inaugurated the new registered office at Ahmedabad in January 2015. Atul inaugurated its second office in Mumbai at Goregaon in September 2015.The company inaugurated its office in Thane near Mumbai in March 2017. On 15 May 2017 AkzoNobel and Atul formally agreed the joint venture partnership announced earlier for the production of monochloroacetic acid (MCA) in India. The companies will establish a new plant at Atul's facility in Gujarat by first quarter of 2019 with each partner holding a 50% stake in the joint venture to be registered as ANAVEN. MCA is an essential building block in the chemical industry and is used in a wide variety of chemicals. As well as building on AkzoNobel's leading position in the MCA market the partnership will also enhance Atul's status as a key global supplier of the herbicide 2 4-D which uses MCA as a key raw material. In 2007-18 the company enhanced capacity by debottlenecking plants of key products. During the year the company developed 34 new products/formulations and scaled up 28 thereof. During the year the company improved the process of succession planning.