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 ₹ 97.3 Cr.
- Current Price ₹ 110
- High / Low ₹ 110 / 95.0
- Stock P/E 23.3
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 28.2 %
- ROE 23.9 %
- Face Value ₹ 10.0
Pros
Cons
- Debtor days have increased from 76.4 to 91.9 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 24.60 | 36.89 | 40.67 | |
| 22.95 | 30.38 | 33.18 | |
| Operating Profit | 1.65 | 6.51 | 7.49 |
| OPM % | 6.71% | 17.65% | 18.42% |
| 2.64 | 0.08 | 0.08 | |
| Interest | 0.43 | 0.45 | 0.33 |
| Depreciation | 0.46 | 0.98 | 1.50 |
| Profit before tax | 3.40 | 5.16 | 5.74 |
| Tax % | 16.18% | 26.36% | 25.61% |
| 2.85 | 3.79 | 4.28 | |
| EPS in Rs | 8.81 | 11.54 | 6.55 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 3.22 | 3.22 | 6.45 |
| Reserves | 8.41 | 12.14 | 13.14 |
| 4.49 | 3.99 | 3.41 | |
| 8.67 | 8.51 | 11.46 | |
| Total Liabilities | 24.79 | 27.86 | 34.46 |
| 7.89 | 10.15 | 10.15 | |
| CWIP | 1.12 | 0.52 | 1.88 |
| Investments | 0.00 | 0.00 | 1.18 |
| 15.78 | 17.19 | 21.25 | |
| Total Assets | 24.79 | 27.86 | 34.46 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 1.97 | 2.72 | 4.15 | |
| -1.36 | -3.18 | -3.99 | |
| 3.11 | -0.94 | -0.91 | |
| Net Cash Flow | 3.72 | -1.40 | -0.75 |
| Free Cash Flow | -6.77 | -0.46 | 1.34 |
| CFO/OP | 159% | 48% | 76% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 69.29 | 68.17 | 91.90 |
| Inventory Days | 51.48 | 47.97 | 60.62 |
| Days Payable | 78.09 | 59.57 | 88.50 |
| Cash Conversion Cycle | 42.68 | 56.56 | 64.02 |
| Working Capital Days | -40.36 | -0.10 | 34.19 |
| ROCE % | 31.36% | 28.23% |
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).