Key Takeaways
- Atlas Battery Limited, a public company since 1966, has seen a decline in its bottomline since 2023.
- The company has signed a technical collaboration with Japan Storage Battery Co. Limited for battery production.
- Shirazi Investments (Private) Limited holds 58.86% of ATBA's shares, making it the largest shareholder.
Atlas Battery Limited (PSX: ATBA), a public limited company since 1966, manufactures and sells automotive, motorcycle, and energy storage batteries. The company has recently signed a technical collaboration with Japan Storage Battery Co. Limited for the production and sale of Japanese batteries in Pakistan.
As of June 30, 2026, ATBA has 35.017 million shares outstanding, held by 4,134 shareholders. Shirazi Investments (Private) Limited, the largest shareholder, holds 58.86% of the shares, followed by GS Yuasa International Limited with 15%.
ATBA's performance has shown fluctuations over the years. The company's topline, which had been on an upward trajectory until 2023, declined in subsequent years. Its bottomline, which was in the negative zone in 2020, posted a significant turnaround in 2021. However, the bottomline took a plunge in 2022 and 2023, only to recover slightly in 2024 and 2025, ending up in the negative zone again in 2026.
The company's margins followed a similar pattern. In 2021, the macroeconomic environment was stable, with the effects of the COVID-19 pandemic subsiding. The automobile industry rebounded due to low interest rates, boosting the demand for automotive batteries. Additionally, widespread power deficiencies during the lockdown period increased the demand for UPS batteries. The sales of solar panels in off-grid areas also contributed to the demand for medium and small batteries.
In 2021, ATBA's topline grew by 59% year-on-year to Rs.19,955.087 million, driven by improved sales volume and prices. Gross profit increased by 159.58% with a gross profit margin of 11.43%, up from 7% in 2020. Distribution expenses rose by 33.77% due to increased advertisement and sales promotion drives, while payroll expenses increased by 41.32% with the addition of 41 employees.
Despite the growth in sales and expenses, ATBA's bottomline faced challenges. The company's bottomline declined in 2022 and 2023, only to recover slightly in 2024 and 2025. The detailed performance review for the period 2021-2026 is provided in the company's financial reports.
The company's historical performance indicates a need for continued cost control and strategic partnerships to maintain its market position. The technical collaboration with Japan Storage Battery Co. Limited is expected to enhance ATBA's product offerings and market reach.
Shirazi Investments (Private) Limited's significant stake in ATBA highlights its importance as a key player in the local battery manufacturing industry. The company's future outlook will depend on its ability to navigate market challenges and leverage strategic partnerships.
