Amtech Esters Ltd
Incorporated in May 2002, Amtech
Esters Limited is a B2B chemical
manufacturing company engaged
in manufacturing of Unsaturated
Polyester Resins (UPR) and trading complementary products used
across the resin and FRP value
chain.[1]
- Market Cap ₹ 74.9 Cr.
- Current Price ₹ 84.8
- High / Low ₹ 128 / 71.5
- Stock P/E 38.0
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Sales |
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 21.52 | 22.23 | 22.33 | 30.06 | |
| Sales growth | +3.30% | +0.45% | +34.62% | |
| 21.20 | 21.35 | 21.28 | 26.77 | |
| Operating Profit | 0.32 | 0.88 | 1.05 | 3.29 |
| OPM % | 1.49% | 3.96% | 4.70% | 10.94% |
| 0.55 | 0.11 | 2.51 | 0.07 | |
| Interest | 0.07 | 0.13 | 0.43 | 0.45 |
| Depreciation | 0.09 | 0.12 | 0.14 | 0.19 |
| Profit before tax | 0.71 | 0.74 | 2.99 | 2.72 |
| Tax % | 14.08% | 25.68% | 14.38% | 27.21% |
| 0.62 | 0.56 | 2.56 | 1.97 | |
| EPS in Rs | 1.11 | 0.88 | 4.00 | 3.08 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| TTM: | 35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 114% |
| TTM: | -23% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.18 | 0.81 | ||
| Reserves | 5.77 | 8.22 | ||
| 1.13 | 1.01 | |||
| 4.09 | 2.69 | |||
| Total Liabilities | 11.17 | 12.73 | ||
| 0.52 | 0.69 | |||
| CWIP | 0.00 | 0.00 | ||
| Investments | 5.06 | 4.81 | ||
| 5.59 | 7.23 | |||
| Total Assets | 11.17 | 12.73 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 2.79 | -2.30 | 9.13 | 0.90 | |
| -3.44 | 0.02 | -6.78 | -0.30 | |
| 0.63 | 2.27 | -0.63 | -0.68 | |
| Net Cash Flow | -0.02 | -0.01 | 1.73 | -0.07 |
| Free Cash Flow | 2.75 | -2.60 | 9.36 | -0.26 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 953% | -227% | 847% | 18% |
Ratios
Standalone / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 57.50 | 54.68 | ||
| Inventory Days | 30.23 | 32.62 | ||
| Days Payable | 78.43 | 45.15 | ||
| Cash Conversion Cycle | 9.29 | 42.14 | ||
| Working Capital Days | 16.79 | 65.35 | ||
| ROCE % | 10.05% |
Documents
Announcements
-
Board Meeting Intimation for Approval Of Unaudited Standalone And Consolidated Financial Results And Limited Review Report For The Half Year Ended 30Th September, 2026.
- Board meets on 13 Nov 2026 to approve H1 FY2026-27 unaudited standalone and consolidated results.
-
Commencement Of Commercial Production At New Manufacturing Plant At Asoda, Haryana
- New Haryana plant commenced commercial production on Nov 2, 2026; UPR capacity rises to 7,760 MTPA.
-
Clarification Regarding Significant Movement In The Price Of The Equity Shares Of The Company
- Company denies any undisclosed material event behind recent share price movement.
-
Clarification sought from Amtech Esters Ltd
- Exchange has sought clarification from Amtech Esters Ltd on October 27, 2026 with reference to significant movement in price, in order to ensure that investors …
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Submitted Regulation 74(5) certificate for quarter ended 30 September 2026.
Business Overview:[1]
Amtech Esters Limited is a B2B chemicals company primarily engaged in manufacturing Unsaturated Polyester Resins (UPRs) and trading complementary products used across the resin and FRP value chain. The company has also expanded into the pigment manufacturing business through its wholly owned subsidiary, Croda Pigments Private Limited (CPPL).