Amal Ltd

Amal Ltd

₹ 752 20.00%
17 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 930 Cr.
  • Current Price 752
  • High / Low 1,129 / 408
  • Stock P/E 137
  • Book Value 80.5
  • Dividend Yield 0.20 %
  • ROCE 7.11 %
  • ROE 4.64 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 19.6%

Cons

  • Stock is trading at 9.34 times its book value
  • Company has a low return on equity of 5.05% 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 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
4.19 7.47 9.85 9.83 6.87 11.35 16.13 14.53 14.30 18.58 22.01 30.02 26.75
5.67 6.50 8.06 7.47 7.49 8.52 10.48 11.47 13.68 16.63 19.60 26.87 23.12
Operating Profit -1.48 0.97 1.79 2.36 -0.62 2.83 5.65 3.06 0.62 1.95 2.41 3.15 3.63
OPM % -35.32% 12.99% 18.17% 24.01% -9.02% 24.93% 35.03% 21.06% 4.34% 10.50% 10.95% 10.49% 13.57%
0.57 0.59 0.63 0.24 0.13 0.16 0.14 0.19 0.20 0.19 0.24 0.01 0.12
Interest 0.14 0.14 0.15 0.15 0.14 0.14 0.16 0.14 0.14 0.14 0.20 0.14 0.00
Depreciation 0.39 0.45 0.42 0.38 0.40 0.40 0.40 0.39 0.42 0.45 0.46 0.49 0.49
Profit before tax -1.44 0.97 1.85 2.07 -1.03 2.45 5.23 2.72 0.26 1.55 1.99 2.53 3.26
Tax % -29.86% 24.74% 32.43% 28.50% -29.13% 28.16% 26.77% 26.10% 26.92% 29.68% 26.63% 28.46% 25.46%
-1.02 0.73 1.25 1.47 -0.73 1.76 3.84 2.01 0.19 1.09 1.45 1.81 2.43
EPS in Rs -0.83 0.59 1.01 1.19 -0.59 1.42 3.11 1.63 0.15 0.88 1.17 1.46 1.97
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
18.82 23.18 25.71 31.64 32.87 32.60 30.42 43.48 39.16 31.33 48.88 84.91 97.36
19.31 19.18 13.86 19.62 20.54 18.64 19.11 39.33 39.35 27.69 37.59 76.77 86.22
Operating Profit -0.49 4.00 11.85 12.02 12.33 13.96 11.31 4.15 -0.19 3.64 11.29 8.14 11.14
OPM % -2.60% 17.26% 46.09% 37.99% 37.51% 42.82% 37.18% 9.54% -0.49% 11.62% 23.10% 9.59% 11.44%
0.25 0.06 0.08 0.54 0.57 1.69 1.24 1.82 4.03 2.04 0.26 0.64 0.56
Interest 0.00 2.35 2.67 2.47 2.38 2.10 0.73 0.95 0.88 0.58 0.58 0.63 0.48
Depreciation 0.34 0.37 0.37 0.38 0.54 0.85 0.96 1.70 1.59 1.64 1.60 1.82 1.89
Profit before tax -0.58 1.34 8.89 9.71 9.98 12.70 10.86 3.32 1.37 3.46 9.37 6.33 9.33
Tax % 0.00% 0.00% 0.00% 0.00% 22.34% 27.56% 18.51% 26.81% 46.72% 29.77% 26.68% 28.44%
-0.58 1.35 8.89 9.70 7.75 9.19 8.85 2.43 0.73 2.43 6.88 4.54 6.78
EPS in Rs -0.63 1.47 9.66 7.82 6.25 7.41 7.14 1.96 0.59 1.97 5.57 3.67 5.48
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 17.97% 40.84%
Compounded Sales Growth
10 Years: 14%
5 Years: 23%
3 Years: 29%
TTM: 73%
Compounded Profit Growth
10 Years: 13%
5 Years: -13%
3 Years: 85%
TTM: -13%
Stock Price CAGR
10 Years: 34%
5 Years: 16%
3 Years: 40%
1 Year: -26%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 5%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 7.03 7.03 7.03 9.43 9.43 9.43 9.43 9.43 12.36 12.36 12.36 12.36
Reserves -32.01 -17.04 -8.14 -0.83 6.91 16.10 24.94 27.35 74.54 76.97 83.86 87.16
26.69 15.44 14.97 13.45 11.82 4.49 3.21 1.72 0.01 0.00 0.00 0.00
7.26 3.43 2.58 2.40 4.47 4.37 7.06 8.45 8.34 9.33 13.10 17.45
Total Liabilities 8.97 8.86 16.44 24.45 32.63 34.39 44.64 46.95 95.25 98.66 109.32 116.97
5.97 5.79 6.20 5.99 9.38 9.50 9.28 14.43 13.13 13.56 12.77 16.33
CWIP 0.00 0.39 0.06 0.84 0.01 0.05 2.62 0.04 0.00 0.05 0.25 3.04
Investments 0.02 0.02 1.93 4.21 9.51 14.83 24.34 5.43 55.43 77.72 85.70 79.92
2.98 2.66 8.25 13.41 13.73 10.01 8.40 27.05 26.69 7.33 10.60 17.68
Total Assets 8.97 8.86 16.44 24.45 32.63 34.39 44.64 46.95 95.25 98.66 109.32 116.97

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1.11 0.24 7.26 8.27 8.79 14.50 11.40 9.80 -2.34 3.34 10.44 0.16
-0.84 -0.43 -2.36 -2.85 -7.86 -4.65 -9.63 -7.52 -42.52 -5.51 -8.95 -0.14
0.00 0.00 -3.25 -4.00 -4.00 -9.43 -2.01 -2.44 47.35 -0.01 -0.01 -1.30
Net Cash Flow 0.27 -0.19 1.64 1.42 -3.06 0.41 -0.24 -0.16 2.49 -2.19 1.47 -1.28
Free Cash Flow 0.29 -0.37 6.81 7.33 5.69 14.11 10.05 3.84 -2.83 1.37 9.20 -6.08
CFO/OP -227% 6% 61% 69% 77% 134% 123% 172% 826% 119% 111% 27%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 5.62 7.24 60.90 96.79 127.81 79.94 58.43 11.25 25.54 39.26 32.03 39.07
Inventory Days 40.39 35.85 55.50 33.39 33.63 37.80 52.74 34.34 21.63 41.29 41.71 30.86
Days Payable 72.88 75.53 83.00 62.28 62.68 97.14 120.39 41.72 31.91 41.29 64.51 34.58
Cash Conversion Cycle -26.87 -32.43 33.40 67.90 98.75 20.60 -9.22 3.87 15.26 39.26 9.24 35.35
Working Capital Days -102.40 -35.43 -0.57 46.72 32.98 48.70 -6.12 -36.52 14.17 -28.89 -32.18 -4.38
ROCE % -31.00% 103.36% 119.85% 66.67% 49.19% 48.75% 34.29% 11.23% 3.56% 4.54% 11.11% 7.11%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sulphur-based Products Revenue Share
%

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Installed Capacity
TPD
Capacity Utilization
%
Revenue Share from Parent (Atul)
%
Production Volume (Daily)
TPD
Top 3 Customer Concentration
%
Number of Customers
count
Raw Material Consumption
MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
71.32% 71.32% 71.32% 71.32% 71.34% 71.34% 71.34% 71.34% 71.34% 71.34% 71.34% 71.35%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.03%
28.65% 28.67% 28.65% 28.67% 28.64% 28.64% 28.64% 28.65% 28.65% 28.64% 28.64% 28.63%
No. of Shareholders 13,31513,32413,53213,82113,59913,78314,49514,99518,82818,57218,12317,632

* 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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