Amal Ltd

₹ 921 1.82%

29 Aug - 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 ₹ 1,139 Cr.
Current Price ₹ 921
High / Low ₹ 1,148 / 296
Stock P/E 29.8
Book Value ₹ 80.2
Dividend Yield 0.11 %
ROCE 36.3 %
ROE 35.0 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 27.6% CAGR over last 5 years

Cons

Stock is trading at 11.5 times its book value
Tax rate seems low
Company has a low return on equity of 7.37% 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.

Peer comparison

Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	10.90	14.90	18.16	17.35	16.81	22.20	25.87	21.21	20.51	30.06	45.79	38.96	47.31
	12.77	17.63	18.79	17.72	16.72	16.99	19.80	17.22	17.42	20.72	25.39	28.48	35.68
Operating Profit	-1.87	-2.73	-0.63	-0.37	0.09	5.21	6.07	3.99	3.09	9.34	20.40	10.48	11.63
OPM %	-17.16%	-18.32%	-3.47%	-2.13%	0.54%	23.47%	23.46%	18.81%	15.07%	31.07%	44.55%	26.90%	24.58%
	0.02	0.00	0.01	0.80	0.02	0.02	0.06	0.07	0.07	0.09	0.08	0.28	0.44
Interest	0.21	1.24	1.27	1.50	0.96	0.98	0.93	0.85	0.71	0.91	0.24	0.17	0.14
Depreciation	0.41	2.02	2.00	2.27	2.21	2.28	2.32	2.23	2.29	2.30	2.29	2.32	2.34
Profit before tax	-2.47	-5.99	-3.89	-3.34	-3.06	1.97	2.88	0.98	0.16	6.22	17.95	8.27	9.59
Tax %	-27.13%	-0.17%	12.34%	17.96%	-13.40%	12.69%	21.18%	62.24%	-181.25%	11.25%	7.86%	18.14%	1.98%
	-1.80	-5.98	-4.38	-3.95	-2.65	1.71	2.27	0.37	0.45	5.53	16.54	6.78	9.40
EPS in Rs	-1.45	-4.82	-3.53	-3.20	-2.14	1.38	1.84	0.30	0.36	4.47	13.38	5.48	7.60
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	33	30	43	61	86	135	162
	19	19	40	67	71	92	110
Operating Profit	14	11	4	-6	15	44	52
OPM %	43%	37%	9%	-9%	18%	32%	32%
	2	1	0	1	0	0	1
Interest	2	1	1	4	4	2	1
Depreciation	1	1	2	7	9	9	9
Profit before tax	13	11	2	-16	3	33	42
Tax %	28%	19%	31%	3%	39%	10%
	9	9	1	-16	2	29	38
EPS in Rs	7.41	7.10	0.90	-13.03	1.38	23.69	30.93
Dividend Payout %	0%	0%	0%	0%	0%	4%

Compounded Sales Growth
10 Years:	%
5 Years:	33%
3 Years:	46%
TTM:	81%

Compounded Profit Growth
10 Years:	%
5 Years:	28%
3 Years:	199%
TTM:	697%

Stock Price CAGR
10 Years:	44%
5 Years:	41%
3 Years:	41%
1 Year:	174%

Return on Equity
10 Years:	%
5 Years:	9%
3 Years:	7%
Last Year:	35%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	14	10	-1	-10	21	50
	-5	-11	-43	-16	-9	-22
	-9	0	44	29	-14	-25
Net Cash Flow	0	0	-0	3	-2	3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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

Shareholding Pattern

Numbers in percentages

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
	66.86%	66.86%	71.33%	71.32%	71.32%	71.32%	71.32%	71.32%	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%
	33.12%	33.12%	28.66%	28.66%	28.65%	28.67%	28.65%	28.67%	28.64%	28.64%	28.64%	28.65%
No. of Shareholders	13,440	13,376	13,664	13,464	13,315	13,324	13,532	13,821	13,599	13,783	14,495	14,995

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Jun 2025
	53.73%	65.51%	65.51%	65.54%	66.14%	66.86%	71.33%	71.32%	71.34%	71.34%
	0.03%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	0.00%	0.00%	0.00%	0.00%	0.21%	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%	28.65%
No. of Shareholders	12,216	12,772	12,435	12,363	13,254	13,428	13,664	13,532	14,495	14,995

* 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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Amal Ltd

Amal Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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