ATUL LTD = FY 2010 RESULTS = GOOD PROGRESS= ACQUIRES POLYGRIP = FUTURE PROMISING

ATUL LIMITED

FY2010,2009,2008

RESULTS COMPARISON

ATUL LIMITED  has declared its results for FY2010 – and the same is compared below with those of the 2 preceding years.

Net Sales is  higher at Rs.1168 Cr in FY2010, compared to Rs.1159 in FY2009 (0.7% higher)and compared to Rs.1014 Cr in FY2008 (15.2% Higher).

Total Expenditure is lower by 0.9% in FY2010 at Rs.1097 Cr – compared to Rs.1107 Cr in FY2009 and higher by 13.1% compared to FY2008 expenditure of Rs.969.84 Cr.

Net Profit at Rs.57 cr in FY2010 is higher by 50.5% - compared to Rs.38 Cr in FY2009 and higher by 55.7% compared to Rs.37 Cr in FY2008.

Dividend is at 40% compared to 30% in previous 2 years.

Basic EPS in FY2010 is Rs.19.15 – compared to Rs.12.77 in FY2009 ; and compared to Rs.12.35 in FY2008 – on a Face value of Rs.10. Thus, there is good improvement in FY2010 over previous 2 years in all respects.

Atul , in June 2010 has acquired  India's leading Rubber and PU based adhesive brand Polygrip. This may further enhance its profitability in coming quarters.

At THE current Market price of Rs.114/-, the FY10 EPS of 19.15 gives PE Ratio of 5.95 – which appears to be very attractive for investing in the share.

RESULTS IN FIGURES :

ATUL LTD-NONCONSOL	FY2010	FY2009	Dif%1	FY2008	Dif%2
Net Sales	116800	115945	0.7	101368	15.2
Other OptgIncome	3000	2165	38.6	2770	8.3
SIT&WIP	-2400	-605	296.7	-1912	25.5
Raw Materials	77600	72206	7.5	68276	13.7
Traded goods	1700	2303	-26.2	2496	-31.9
Employees Cost	10300	9083	13.4	7574	36
Depreciation	3700	3172	16.6	2955	25.2
Other Expenditure	18800	24564	-23.5	17595	6.8
Total Expenditure	109700	110723	-0.9	96984	13.1
Profit.Operations	10100	7387	36.7
Other Income	500	1284	-61.1
P B I&EI	10600	8671	22.2
Interest	2600	4102	-36.6	3079	-15.6
Exceptional items	-	-		146
P B T	8000	4569	75.1	3929	103.6
Tax Expense	2300	782	194.1	267	761.4
P A T	5700	3787	50.5	3662	55.7
Net Profit	5700	3787	50.5	3662	55.7
Dividend (%)	40	30	33.3	30	33.3
Face Value.Rs	10	10	0	10	0
Paid-up Equity	3000	2967	1.1	-
Reserves	34400	31635	8.7	28869	19.2
Basic EPS B EI	19.15	12.77	50	12.35	55.1
Public holding.%	58.08	60.57	-4.1	61.18	-5.1

ANNOUNCEMENTS

TO THE EXCHANGE

19-07-2010        Atul Limited has informed the Exchange that the Board of Directors of the Company have proposed dividend of Rs.4 per Equity Share for the year ended March 31, 2010, at their meeting held on July 19, 2010, subject to approval of the members at ensuing Annual General meeting (AGM) to be held on August 31, 2010.      -

29-06-2010        Atul Limited has informed the Exchange regarding a press release dated June 18, 2010, titled "Atul Ltd acquires India's leading Rubber and PU based adhesive brand Polygrip".

11-05-2010        Atul Limited has informed the Exchange that submitted to the Exchange disclosure of pledged shares pursuant to Regulation 8A(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2009.

ABOUT ATUL LTD

Atul Ltd is a member of Lalbhai Group, one of the oldest business houses of India, with interests mainly in textiles and chemicals.

Incorporated in 1947, Atul Ltd (formerly Atul Products Ltd) was founded by Kasturbhai Lalbhai.

Over the years, Atul Ltd joined hands with American Cyanamid Corp (1952), Imperial Chemical Industries plc (1955) and Ciba-Geigy Ltd (1960) to form respectively 3 joint venture companies, namely, Cyanamid India Ltd, Atic Industries Ltd and Cibatul Ltd respectively.

Consequent to worldwide divestment of dyes and polymers business by ZENECA plc (formerly a part of ICI plc) and Ciba Ltd respectively, Atic Industries Ltd and Cibatul Ltd were merged into Atul Ltd in 1995 and 1998 respectively.

Atul Ltd operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates and Polymers. Each business, develops and implements its growth plans.

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