Amal Ltd
Incorporated in 1974, Amal Ltd manufactures bulk chemicals and their downstream products[1]
- Market Cap ₹ 743 Cr.
- Current Price ₹ 601
- High / Low ₹ 1,148 / 408
- Stock P/E 33.2
- Book Value ₹ 97.4
- Dividend Yield 0.17 %
- ROCE 26.0 %
- ROE 20.4 %
- Face Value ₹ 10.0
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
- 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 33 | 30 | 43 | 61 | 86 | 135 | 240 | |
| 19 | 19 | 40 | 67 | 71 | 92 | 204 | |
| Operating Profit | 14 | 11 | 4 | -6 | 15 | 44 | 36 |
| OPM % | 43% | 37% | 9% | -9% | 18% | 32% | 15% |
| 2 | 1 | 0 | 1 | 0 | 0 | 2 | |
| 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 | 28 |
| Tax % | 28% | 19% | 31% | 3% | 39% | 10% | 20% |
| 9 | 9 | 1 | -16 | 2 | 29 | 22 | |
| EPS in Rs | 7.41 | 7.10 | 0.90 | -13.03 | 1.38 | 23.69 | 18.10 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 4% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 51% |
| 3 Years: | 58% |
| TTM: | 77% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 50% |
| TTM: | -24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 14% |
| 3 Years: | 34% |
| 1 Year: | 16% |
| 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Geographic Sales Radius km |
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| Installed Capacity - Standalone (Amal Ltd) Tonnes per day (TPD) ・Standalone data |
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| Number of Permanent Employees Count ・Standalone data |
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| Sales Volume Growth (y-o-y) % |
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| Installed Capacity - Subsidiary (Amal Speciality Chemicals Ltd) Tonnes per day (TPD) ・Standalone data |
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| Consolidated Capacity Utilization % |
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| Number of Customers Count |
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| Number of Suppliers Count |
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Extracted by Screener AI
Documents
Announcements
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Record Date For Dividend Purpose
30 Apr - Amal Ltd sets July 31, 2026 record date for dividend.
- Amal Ltd Result Apr 26 22 Apr
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Board Meeting Outcome for Outcome Of Board Meeting
22 Apr - FY26 audited results announced; 15% dividend recommended, AGM August 14, 2026; Rajeev Kumar and Jyotin Mehta reappointed.
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Update on board meeting
15 Apr - Board meets April 22, 2026 to approve FY26 audited results and consider dividend; trading window closed April 1-24.
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Clarification On Price Movement
11 Apr - Amal Ltd clarifies price movement; trading window closed April 1-24, 2026 ahead of April 22 board meeting.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
from bse
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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.