Amal Ltd

Amal Ltd

₹ 957 19.53%
14 Jul - close price
About

Incorporated in 1974, Amal Ltd manufactures bulk chemicals and their downstream products[1]

Key Points

Business Overview:[1][2][3]
Amal, originally promoted by the Piramal Group, is now controlled by Atul Ltd, which holds a 49.86% stake through Atul Finserv Ltd. Registered as a small manufacturing company under the MSME Act, Amal produces bulk chemicals like sulphuric acid, oleum, and their derivatives. It also owns Amal Speciality Chemicals Ltd.

  • Market Cap 1,183 Cr.
  • Current Price 957
  • High / Low 961 / 296
  • Stock P/E 152
  • Book Value 77.8
  • Dividend Yield 0.10 %
  • ROCE 10.7 %
  • ROE 7.42 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 12.3 times its book value
  • The company has delivered a poor sales growth of 8.44% over past five years.
  • Company has a low return on equity of 4.12% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
10.92 11.52 8.05 8.68 4.19 7.47 9.85 9.83 6.87 11.35 16.13 14.53 14.30
12.63 11.42 7.40 7.91 5.67 6.50 8.06 7.47 7.49 8.52 10.48 11.47 13.68
Operating Profit -1.71 0.10 0.65 0.77 -1.48 0.97 1.79 2.36 -0.62 2.83 5.65 3.06 0.62
OPM % -15.66% 0.87% 8.07% 8.87% -35.32% 12.99% 18.17% 24.01% -9.02% 24.93% 35.03% 21.06% 4.34%
0.66 0.75 0.89 1.73 0.57 0.59 0.63 0.24 0.13 0.16 0.14 0.19 0.20
Interest 0.21 0.21 0.21 0.25 0.14 0.14 0.15 0.15 0.14 0.14 0.16 0.14 0.14
Depreciation 0.41 0.39 0.39 0.39 0.39 0.45 0.42 0.38 0.40 0.40 0.40 0.39 0.42
Profit before tax -1.67 0.25 0.94 1.86 -1.44 0.97 1.85 2.07 -1.03 2.45 5.23 2.72 0.26
Tax % -29.94% 28.00% 48.94% 32.26% -29.86% 24.74% 32.43% 28.50% -29.13% 28.16% 26.77% 26.10% 26.92%
-1.17 0.17 0.47 1.25 -1.02 0.73 1.25 1.47 -0.73 1.76 3.84 2.01 0.19
EPS in Rs -0.94 0.14 0.38 1.01 -0.83 0.59 1.01 1.19 -0.59 1.42 3.11 1.63 0.15
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
16.20 18.82 23.18 25.71 31.64 32.87 32.60 30.42 43.48 39.16 31.33 48.88 56.31
15.67 19.31 19.18 13.86 19.62 20.54 18.64 19.11 39.33 39.35 27.69 37.95 44.15
Operating Profit 0.53 -0.49 4.00 11.85 12.02 12.33 13.96 11.31 4.15 -0.19 3.64 10.93 12.16
OPM % 3.27% -2.60% 17.26% 46.09% 37.99% 37.51% 42.82% 37.18% 9.54% -0.49% 11.62% 22.36% 21.59%
2.71 0.25 0.06 0.08 0.54 0.57 1.69 1.24 1.82 4.03 2.04 0.62 0.69
Interest 0.00 0.00 2.35 2.67 2.47 2.38 2.10 0.73 0.95 0.88 0.58 0.58 0.58
Depreciation 0.32 0.34 0.37 0.37 0.38 0.54 0.85 0.96 1.70 1.59 1.64 1.60 1.61
Profit before tax 2.92 -0.58 1.34 8.89 9.71 9.98 12.70 10.86 3.32 1.37 3.46 9.37 10.66
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 22.34% 27.56% 18.51% 26.81% 46.72% 29.77% 26.68%
2.92 -0.58 1.35 8.89 9.70 7.75 9.19 8.85 2.43 0.73 2.43 6.88 7.80
EPS in Rs 3.17 -0.63 1.47 9.66 7.82 6.25 7.41 7.14 1.96 0.59 1.97 5.57 6.31
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 17.97%
Compounded Sales Growth
10 Years: 10%
5 Years: 8%
3 Years: 4%
TTM: 66%
Compounded Profit Growth
10 Years: 29%
5 Years: -5%
3 Years: 41%
TTM: 187%
Stock Price CAGR
10 Years: 46%
5 Years: 46%
3 Years: 47%
1 Year: 157%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 4%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 7.03 7.03 7.03 7.03 9.43 9.43 9.43 9.43 9.43 12.36 12.36 12.36
Reserves -31.43 -32.01 -17.04 -8.14 -0.83 6.91 16.10 24.94 27.35 74.54 76.97 83.86
26.69 26.69 15.44 14.97 13.45 11.82 4.49 3.21 1.72 0.01 0.00 0.00
5.55 7.26 3.43 2.58 2.40 4.47 4.37 7.06 8.45 8.34 9.34 13.09
Total Liabilities 7.84 8.97 8.86 16.44 24.45 32.63 34.39 44.64 46.95 95.25 98.67 109.31
5.45 5.97 5.79 6.20 5.99 9.38 9.50 9.28 14.43 13.13 13.56 12.77
CWIP 0.00 0.00 0.39 0.06 0.84 0.01 0.05 2.62 0.04 0.00 0.05 0.25
Investments 0.02 0.02 0.02 1.93 4.21 9.51 14.83 24.34 5.43 55.43 77.72 85.70
2.37 2.98 2.66 8.25 13.41 13.73 10.01 8.40 27.05 26.69 7.34 10.59
Total Assets 7.84 8.97 8.86 16.44 24.45 32.63 34.39 44.64 46.95 95.25 98.67 109.31

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-2.81 1.11 0.24 7.26 8.27 8.79 14.50 11.40 9.80 -2.34 3.34 10.44
1.56 -0.84 -0.43 -2.36 -2.85 -7.86 -4.65 -9.63 -7.52 -42.52 -5.51 -8.95
0.00 0.00 0.00 -3.25 -4.00 -4.00 -9.43 -2.01 -2.44 47.35 -0.01 -0.01
Net Cash Flow -1.25 0.27 -0.19 1.64 1.42 -3.06 0.41 -0.24 -0.16 2.49 -2.19 1.47

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 3.60 5.62 7.24 60.90 96.79 127.81 79.94 58.43 11.25 25.54 39.26 32.03
Inventory Days 45.00 40.39 35.85 55.50 33.39 33.63 37.80 52.74 34.34 21.63 41.29 41.71
Days Payable 97.50 72.88 75.53 83.00 62.28 62.68 97.14 120.39 41.72 31.91 41.29 64.51
Cash Conversion Cycle -48.90 -26.87 -32.43 33.40 67.90 98.75 20.60 -9.22 3.87 15.26 39.26 9.24
Working Capital Days -91.48 -102.40 -35.43 -0.57 46.72 32.98 48.70 11.76 -22.08 14.26 -28.78 10.90
ROCE % 51.50% -31.00% 103.36% 119.85% 66.67% 49.19% 48.75% 34.29% 11.23% 3.56% 4.54% 10.72%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
66.86% 66.86% 66.86% 71.33% 71.32% 71.32% 71.32% 71.32% 71.32% 71.34% 71.34% 71.34%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
33.12% 33.12% 33.12% 28.66% 28.66% 28.65% 28.67% 28.65% 28.67% 28.64% 28.64% 28.64%
No. of Shareholders 13,50713,44013,37613,66413,46413,31513,32413,53213,82113,59913,78314,495

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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