Amal Ltd

Amal Ltd

₹ 601 3.86%
08 May - 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 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
17.35 16.81 22.20 25.87 21.21 20.51 30.06 45.79 38.96 47.31 54.00 62.59 75.74
17.72 16.72 16.99 19.80 17.22 17.42 20.72 25.39 28.48 35.68 45.40 54.50 68.39
Operating Profit -0.37 0.09 5.21 6.07 3.99 3.09 9.34 20.40 10.48 11.63 8.60 8.09 7.35
OPM % -2.13% 0.54% 23.47% 23.46% 18.81% 15.07% 31.07% 44.55% 26.90% 24.58% 15.93% 12.93% 9.70%
0.80 0.02 0.02 0.06 0.07 0.07 0.09 0.08 0.28 0.44 0.47 0.59 0.74
Interest 1.50 0.96 0.98 0.93 0.85 0.71 0.91 0.24 0.17 0.14 0.14 0.23 0.14
Depreciation 2.27 2.21 2.28 2.32 2.23 2.29 2.30 2.29 2.32 2.34 2.30 2.32 2.35
Profit before tax -3.34 -3.06 1.97 2.88 0.98 0.16 6.22 17.95 8.27 9.59 6.63 6.13 5.60
Tax % 17.96% -13.40% 12.69% 21.18% 62.24% -181.25% 11.25% 7.86% 18.14% 1.98% 8.60% 17.94% 65.89%
-3.95 -2.65 1.71 2.27 0.37 0.45 5.53 16.54 6.78 9.40 6.06 5.02 1.90
EPS in Rs -3.20 -2.14 1.38 1.84 0.30 0.36 4.47 13.38 5.48 7.60 4.90 4.06 1.54
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
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
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Installed Capacity - Standalone (Amal Ltd)
Tonnes per day (TPD) ・Standalone data
Number of Permanent Employees
Count ・Standalone data
Sales Volume Growth (y-o-y)
%
Installed Capacity - Subsidiary (Amal Speciality Chemicals Ltd)
Tonnes per day (TPD) ・Standalone data
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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