Motilal Oswal Recommends 'BUY' on Atul, Sets Target Price at Rs 7500

• Atul (ATLP) reported in-line revenue of INR15.7 billion, an 11% YoY increase in 3QFY26.
• EBITDA grew by 29% YoY to INR2.9 billion, and adjusted PAT surged by 74% YoY to INR2 billion.
• Motilal Oswal increased FY26/FY27/FY28 earnings estimates by 9%/5%/11% due to strong 3QFY26 performance.
• The stock is currently trading at 22.3x/19.6x FY27E/FY28E EPS.
• Motilal Oswal reiterates a 'BUY' rating with a target price of INR7,500, valuing the stock at 25x FY28E EPS.

Why It Matters: Motilal Oswal recommends buying Atul shares, projecting a target price of Rs 7500 based on strong earnings.