Amal Ltd

Amal Ltd

₹ 567 -5.59%
24 Apr - 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 701 Cr.
  • Current Price 567
  • High / Low 1,148 / 408
  • Stock P/E 154
  • Book Value 80.5
  • Dividend Yield 0.18 %
  • 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 7.04 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
8.68 4.19 7.47 9.85 9.83 6.87 11.35 16.13 14.53 14.30 18.58 22.01 30.02
7.91 5.67 6.50 8.06 7.47 7.49 8.52 10.48 11.47 13.68 16.63 19.60 26.87
Operating Profit 0.77 -1.48 0.97 1.79 2.36 -0.62 2.83 5.65 3.06 0.62 1.95 2.41 3.15
OPM % 8.87% -35.32% 12.99% 18.17% 24.01% -9.02% 24.93% 35.03% 21.06% 4.34% 10.50% 10.95% 10.49%
1.73 0.57 0.59 0.63 0.24 0.13 0.16 0.14 0.19 0.20 0.19 0.24 0.01
Interest 0.25 0.14 0.14 0.15 0.15 0.14 0.14 0.16 0.14 0.14 0.14 0.20 0.14
Depreciation 0.39 0.39 0.45 0.42 0.38 0.40 0.40 0.40 0.39 0.42 0.45 0.46 0.49
Profit before tax 1.86 -1.44 0.97 1.85 2.07 -1.03 2.45 5.23 2.72 0.26 1.55 1.99 2.53
Tax % 32.26% -29.86% 24.74% 32.43% 28.50% -29.13% 28.16% 26.77% 26.10% 26.92% 29.68% 26.63% 28.46%
1.25 -1.02 0.73 1.25 1.47 -0.73 1.76 3.84 2.01 0.19 1.09 1.45 1.81
EPS in Rs 1.01 -0.83 0.59 1.01 1.19 -0.59 1.42 3.11 1.63 0.15 0.88 1.17 1.46
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
18.82 23.18 25.71 31.64 32.87 32.60 30.42 43.48 39.16 31.33 48.88 84.91
19.31 19.18 13.86 19.62 20.54 18.64 19.11 39.33 39.35 27.69 37.59 76.77
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
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%
0.25 0.06 0.08 0.54 0.57 1.69 1.24 1.82 4.03 2.04 0.26 0.64
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
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
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
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
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
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: 74%
Compounded Profit Growth
10 Years: 13%
5 Years: -13%
3 Years: 85%
TTM: -36%
Stock Price CAGR
10 Years: 33%
5 Years: 12%
3 Years: 30%
1 Year: -8%
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 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Geographic Sales Radius
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Installed Capacity - Standalone (Amal Ltd)
Tonnes per day (TPD)
Number of Permanent Employees
Count
Sales Volume Growth (y-o-y)
%
Installed Capacity - Subsidiary (Amal Speciality Chemicals Ltd)
Tonnes per day (TPD)
Consolidated Capacity Utilization
%
Number of Customers
Count
Number of Suppliers
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
71.32% 71.32% 71.32% 71.32% 71.32% 71.34% 71.34% 71.34% 71.34% 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%
28.66% 28.65% 28.67% 28.65% 28.67% 28.64% 28.64% 28.64% 28.65% 28.65% 28.64% 28.64%
No. of Shareholders 13,46413,31513,32413,53213,82113,59913,78314,49514,99518,82818,57218,123

* 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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