The company sold 41,598 units during April 2014 to March 2015 compared with 37,557 vehicles in the same period a year ago, registering a growth of 10.76 per cent in domestic sales, a company statement said here.
Manufacturer of three-wheeler commercial and passengers vehicles, Atul Auto , has registered a 10.76 per cent growth in domestic sales in FY15.
The company sold 41,598 units during April 2014 to March 2015 compared with 37,557 vehicles in the same period a year ago, registering a growth of 10.76 per cent in domestic sales, a company statement said here.
Atul Auto manufacturers three-wheeler commercial vehicles, including auto rickshaws, cargo vehicles and pick-up vans.
The company plans to launch more variants, which will boost its top-line, the release said. Niraj Chandra Director of Atul Auto said: "Stable government resulting in a better economic situation will lead to a gradual increase in three-wheeler demand.
Rapid growth of urbanisation and migration in tier II, tier III cities and decline in oil prices will be key aspect of positive growth in current financial year for the industry." The company says it is debt free and that strengthens its bottom-line, it said.
Atul Auto stock price
On April 01, 2015, Atul Auto closed at Rs 566.00, up Rs 10.50, or 1.89 percent. The 52-week high of the share was Rs 722.00 and the 52-week low was Rs 170.00.
The company's trailing 12-month (TTM) EPS was at Rs 17.84 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 31.73. The latest book value of the company is Rs 41.76 per share. At current value, the price-to-book value of the company is 13.55.
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