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CIN

L99999GJ1975PLC002859

Company Name

ATUL LIMITED

ROC Code

RoC-Ahmedabad

Registration Number

002859

Company Category

Company limited by Shares

Company SubCategory

Non-govt company

Class of Company

Public

Authorised Capital(Rs)

1600000000.0

Paid up Capital(Rs)

296617330.0

Number of Members(Applicable in case of


company without Share Capital)

Date of Incorporation

11/12/1975

Registered Address

ATUL HOUSE G I PATEL MARG AHMEDABAD GJ 3


IN

Email Id

legal@atul.co.in

Whether Listed or not

Listed

Date of last AGM

04/08/2015

Date of Balance Sheet

31/03/2015

Company Status(for efiling)

Active

THE MAIN OBJECTS TO BE PURSUED BY THE COMPANY ON ITS


INCORPORATION ARE;
1.

To manufacture, synthesize, produce, prepare, extract, process and finish, manipulate,

improve, treat, preserve, reduce, render merchantable, import, export, buy, sell, install,
estimate, transport, refine, store and generally carry on the business or deal or traffic in
Cresols, Phenols and Napthols.
2. To manufacture, synthesize, produce, prepare, extract, process and finish, manipulate,
improve, treat, preserve, reduce, render merchantable, import, export, buy, sell, install,
estimate, transport, refine, store and generally carry on the business or deal or traffic in

Sodium Sulphite, Soda Ash, Gypsum, Calcium Carbonate, Sulphuric Acid, Oleum, Toluene,
Caustic Soda and other chemical and petrochemical products of any nature and kind
whatsoever (solid, flakes, liquid and geseous), natural and synthetic and other derivatives,
bye products and compounds of any nature and kind whatsoever and chemical auxiliaries,
analytical chemicals, dealers in chemical products of any nature and kind whatsoever.
3. To carry on the business of manufacturers, synthesize, produce, prepare, extract, process
and finish, manipulate, improve, treat, preserve, reduce, render merchantable, import, export,
buy, sell, install, estimate, transport, refine, store and generally carry on the business or deal
or traffic in antibiotics, tannins, chemical auxiliaries, disinfectants, insecticides, fungicides,
deodorants, their derivatives, byeproducts and compounds of any nature and kind whatsoever
. 4. To carry on the business of manufacture, synthesize, produce, prepare, extract, process
and finish, manipulate, improve, treat, preserve, reduce, render merchantable, import, export,
buy, sell, install, estimate, transport, store, refine, exploit and generally carry on the business
or deal or traffic in synthetic rubbers, synthetic resins, plastics, rubbers and elastomers, latices
and formulations thereof including reclaimed rubber and all kinds of rubber and plastic
products and goods their bye-products and derivatives of any nature and kind whatsoever.

BOARD OF DIRECTORS
Executive Directors
Mr Sunil Lalbhai (Chairman and Managing Director)
Mr Samveg Lalbhai (Managing Director)
Mr Gopi Kannan Thirukonda (Chief Financial Officer)
Mr Bharathy Mohanan (President, Utilities and Services)
Non-executive Directors
Mr Bansi Mehta (Non-independent Director)
Mr Rajendra Shah (Non-independent Director)
Dr Satguru Baijal (Independent Director)
Mr Hasmukh Shah (Independent Director)
Mr Susim Datta (Independent Director)
Mr Srinivasa Rangan (Independent Director)

The total strength of the


Board is 13 including 9
eminent Non-executive
Directors. The Board meets
at least 5 times in a year to
review the performance of
Atul.

Mr Mukund Chitale (Independent Director)


Ms Shubhalakshmi Panse (Independent Director)
Mr Baldev Arora (Independent Director)

Related companies

In order to serve its customers, Atul Ltd has established the following subsidiary
companies in Brazil, China, the UAE, the UK and the USA:
a.
b.
c.
d.
e.

Atul Brasil Quimicos Limitada


Atul China Ltd
Atul Europe Ltd
Atul Middle East FZ-LLC
Atul USA Inc

Atul has established the following subsidiary company for the purpose of making
investments:
a. Atul Finserv Ltd
Atul has established the following subsidiary and associate companies to enhance focus
and synergy:
Subsidiary Companies
a. Atul Bioscience Ltd
b. DPD Ltd
Associate Company
a. Amal Ltd
Atul has established the following joint venture companies to foster cooperation and
leverage on strengths:
a. Atul Rajasthan Date Palms Ltd
b. Rudolf Atul Chemicals Ltd

Capital Structure - Atul Ltd.

Period

Instrument

From

To

2014

2015

2013

2014

Authorized
Capital

Issued Capital

- PAI D U PShares
(nos)

Face
Value

Capita
(Rs. Cr

(Rs. cr)

(Rs. cr)

Equity Share

80.0

29.7

29661733

10.0

29

Equity Share

80.0

29.7

29661733

10.0

29

BSE
1874.60
NSE
1876.60

Employees

2,750

Sector
Sales or Revenue
Industry
1Y Sales Change

Specialty Chemicals
26.11 B
Basic Materials/Resources
8.83%

Average Growth Rates Atul Ltd.


Past Five YearsEnding 03/31/2015 (Fiscal Year)
Revenue+14.92%

Net Income+30.18%

Earnings Per Share+33.33%

Capital Spending+52.58%

Gross Margin+22.31%

Cash Flow-219.49%

SUBSIDIARY COMPANY
Atul Bioscience Ltd

DPD Ltd Rudolf Atul Chemicals Lt -

Atul shareholding: 100% ( in crores )


Atul shareholding: 98%
Atul shareholding: 50%

Increased profit before tax from operations from ` 277 cr to ` 312 cr and undertook capex of `
354 cr

Research and Development


i)

ii)

Specific areas in which Research and Development (R&D) was carried out by the
Company: The Company focused its R&D efforts on process improvement of its 75
existing products, recovery of products from pollutants and process development of
new products and formulations. The R&D Departments also helped in troubleshooting in manufacturing Departments.
Benefits derived from R&D: The Company was able to increase yields, decrease
consumption of other raw materials and solvents, recover products from pollutants
and introduce new products and formulations.

iii)

Future plan: The Company is investing further in people and equipments so as to


strengthen its R&D and thereby enhance its capability to face the future.
R&D expenditure: (` cr)

iv)
Capital
1.59

Recurring
17.94

Total Total R&D expenditure as a percentaof total sales


19.53
0.78

Key Initiatives
SYSTEM

Automated payroll of 3 subsidiary companies


Implemented mobSales open source integrated mobility solution for brand sales
Implemented netQ open source vendor portal to ensure better connect with
vendors
Implemented online vendor bid
Implemented Saral open source human resource self-service multi-lingual kiosk
system S

Sales and Manufacturing

Decreased inventories in 3 Businesses


Decreased overdue receivables in 3 Businesses Increased contribution margins in 2
Businesses through selling prices
Launched 1 new brand
Sold in 2 countries for the first time

Growth

Added 691 customers and 90 distributors


Debottlenecked capacity in 31 products
Decreased time-cycle in 16 products
Introduced 19 products and 14 formulations
Undertook 11 projects with capital outlay of ` 354 crore , 4 completed and 7
underway