Atul Industries: The Chemical Conglomerate Which Yielded 80,995% Returns

Published by Trinkerr Academy on

Had you invested 1 lakh in August 2000, you could have had ₹8.1 crores in profits today! Here’s a look at how Atul Industries has performed over the years.

⚗️ Stock Name: Atul Ltd.

🌱 The Roots
Atul Industries was established in 1947 by Kasturbhai Lalbhai to serve as an integrated chemical company for Independent India. With its headquarters in Gujarat, the company has subsidiaries globally in the UK, the USA, China, Brazil and many more. Currently, the company is one of the largest chemical companies, with a consumer base of over 6,000 customers across 31 industries.

🔎 Speciality
Atul Ltd. at present has around 65 manufacturing plants from where they manufacture more than 900 diverse products catering to industries such as adhesives, agriculture, animal feed, automobile composites, construction, cosmetics, defence, electrical and electronics, 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. These are then exported globally.

📈 Growth
In 2017, the company opened its office in Thane, Mumbai. In the same year, AkzoNobel and Atul formally announced a joint venture partnership for the production of Monochloroacetic Acid (MCA), which is an essential building block for the manufacturing of various chemicals. The company announced its decision to buy back fully paid equity shares, which were approved by its Board of Directors on January 29, 2021. The share prices rallied after this announcement. The Russia-Ukraine tension was also instrumental in the increase in demand for the company’s products.

Stock Value 💰

On August 4, 2000, the shares of the company were trading at ₹11.25, while they were priced at ₹9,123.25 as of August 3, 2022.

Categories: Multibaggers


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