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.

Website BSE

Market Cap ₹ 930 Cr.
Current Price ₹ 752
High / Low ₹ 1,129 / 408
Stock P/E 31.3
Book Value ₹ 97.4
Dividend Yield 0.20 %
ROCE 26.0 %
ROE 20.4 %
Face Value ₹ 10.0

Add ratio to table

Edit ratios

Pros

Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 20.5% CAGR over last 5 years

Cons

Stock is trading at 7.73 times its book value
Working capital days have increased from 15.3 days to 62.3 days

* 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.

Peer comparison

Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals

Part of BSE Commodities

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	17	22	26	21	21	30	46	39	47	54	63	76	97
	17	17	20	17	17	21	25	28	36	45	54	68	79
Operating Profit	0	5	6	4	3	9	20	10	12	9	8	7	17
OPM %	1%	23%	23%	19%	15%	31%	45%	27%	25%	16%	13%	10%	18%
	0	0	0	0	0	0	0	0	0	0	1	1	6
Interest	1	1	1	1	1	1	0	0	0	0	0	0	0
Depreciation	2	2	2	2	2	2	2	2	2	2	2	2	2
Profit before tax	-3	2	3	1	0	6	18	8	10	7	6	6	21
Tax %	-13%	13%	21%	62%	-181%	11%	8%	18%	2%	9%	18%	66%	20%
	-3	2	2	0	0	6	17	7	9	6	5	2	17
EPS in Rs	-2.14	1.38	1.84	0.30	0.36	4.47	13.38	5.48	7.60	4.90	4.06	1.54	13.53
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	33	30	43	61	86	135	240	289
	19	19	40	67	71	92	204	248
Operating Profit	14	11	4	-6	15	44	36	41
OPM %	43%	37%	9%	-9%	18%	32%	15%	14%
	2	1	0	1	0	0	2	8
Interest	2	1	1	4	4	2	1	1
Depreciation	1	1	2	7	9	9	9	9
Profit before tax	13	11	2	-16	3	33	28	39
Tax %	28%	19%	31%	3%	39%	10%	20%
	9	9	1	-16	2	29	22	30
EPS in Rs	7.41	7.10	0.90	-13.03	1.38	23.69	18.10	24.03
Dividend Payout %	0%	0%	0%	0%	0%	4%	8%

Compounded Sales Growth
10 Years:	%
5 Years:	51%
3 Years:	58%
TTM:	78%

Compounded Profit Growth
10 Years:	%
5 Years:	21%
3 Years:	50%
TTM:	-22%

Stock Price CAGR
10 Years:	34%
5 Years:	16%
3 Years:	40%
1 Year:	-26%

Return on Equity
10 Years:	%
5 Years:	11%
3 Years:	20%
Last Year:	20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	9	9	9	12	12	12	12
Reserves	16	25	26	56	58	87	108
	4	6	51	35	24	0	0
	4	8	14	15	13	22	34
Total Liabilities	34	48	100	118	106	122	154
	10	9	14	90	86	80	77
CWIP	0	7	66	1	1	0	3
Investments	15	20	0	0	1	20	37
	10	12	19	27	19	21	38
Total Assets	34	48	100	118	106	122	154

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	14	10	-1	-10	21	50	22
	-5	-11	-43	-16	-9	-22	-22
	-9	0	44	29	-14	-25	-1
Net Cash Flow	0	0	-0	3	-2	3	-1
Free Cash Flow	14	3	-64	-26	13	46	15
CFO/OP	134%	116%	-105%	172%	144%	119%	61%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	80	58	11	25	23	27	30
Inventory Days	38	53	34	26	28	33	25
Days Payable	97	120	42	31	36	68	38
Cash Conversion Cycle	21	-10	4	21	15	-9	17
Working Capital Days	49	-12	-51	-41	-6	-11	62
ROCE %		33%	4%	-12%	7%	36%	26%

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
% ・Standalone data

xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx		xx.xx	xx.xx
			xxx	xxx	xxx	xxx	xxx	xxx	xxx
				xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xxx.xx
					xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
				xxx	xxx	xxx
					xx.xx	xx.xx
									xx
									xx,xxx

Please log in to see hidden values.

Installed Capacity
TPD

Capacity Utilization
%

Revenue Share from Parent (Atul)
%

Production Volume (Daily)
TPD ・Standalone data

Top 3 Customer Concentration
% ・Standalone data

Number of Customers
count

Raw Material Consumption
MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 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	13,315	13,324	13,532	13,821	13,599	13,783	14,495	14,995	18,828	18,572	18,123	17,632

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	53.73%	65.51%	65.51%	65.54%	66.14%	66.86%	71.33%	71.32%	71.34%	71.34%	71.35%
	0.03%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.03%
	0.00%	0.00%	0.00%	0.00%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	46.24%	34.47%	34.47%	34.43%	33.63%	33.12%	28.66%	28.65%	28.64%	28.64%	28.63%
No. of Shareholders	12,216	12,772	12,435	12,363	13,254	13,428	13,664	13,532	14,495	18,123	17,632

* 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.

Click on the line-items to see the names of individual entities.

Amal Ltd

Amal Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings