Amal Ltd

AI

Amal Ltd

₹ 566 -3.54%
26 Oct 4:01 p.m.
About

Incorporated in 1974, Amal Ltd manufactures bulk chemicals and their downstream products[1]

Key Points

Business Overview:[1]
The Company manufactures and markets Sulphuric Acid, Oleum, Sulphur Dioxide, and Sulphur Trioxide for diverse industrial applications. Established by the Piramal Group in 1974–75 and acquired by Atul Ltd. in 1985–86, its subsidiary Amal Speciality Chemicals commissioned a 300 TPD plant in FY23.

  • Market Cap ₹ 698 Cr.
  • Current Price ₹ 566
  • High / Low ₹ 1,084 / 408
  • Stock P/E 72.0
  • Book Value ₹ 84.2
  • Dividend Yield 0.26 %
  • ROCE 7.11 %
  • ROE 4.64 %
  • Face Value ₹ 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 19.6%

Cons

  • Stock is trading at 6.72 times its book value
  • Company has a low return on equity of 5.05% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
7.47 9.85 9.83 6.87 11.35 16.13 14.53 14.30 18.58 22.01 30.02 26.75 45.65
6.50 8.06 7.47 7.49 8.52 10.48 11.47 13.68 16.63 19.60 26.87 23.12 41.16
Operating Profit 0.97 1.79 2.36 -0.62 2.83 5.65 3.06 0.62 1.95 2.41 3.15 3.63 4.49
OPM % 12.99% 18.17% 24.01% -9.02% 24.93% 35.03% 21.06% 4.34% 10.50% 10.95% 10.49% 13.57% 9.84%
0.59 0.63 0.24 0.13 0.16 0.14 0.19 0.20 0.19 0.24 0.01 0.12 1.24
Interest 0.14 0.15 0.15 0.14 0.14 0.16 0.14 0.14 0.14 0.20 0.14 0.00 0.00
Depreciation 0.45 0.42 0.38 0.40 0.40 0.40 0.39 0.42 0.45 0.46 0.49 0.49 0.59
Profit before tax 0.97 1.85 2.07 -1.03 2.45 5.23 2.72 0.26 1.55 1.99 2.53 3.26 5.14
Tax % 24.74% 32.43% 28.50% -29.13% 28.16% 26.77% 26.10% 26.92% 29.68% 26.63% 28.46% 25.46% 21.98%
0.73 1.25 1.47 -0.73 1.76 3.84 2.01 0.19 1.09 1.45 1.81 2.43 4.01
EPS in Rs 0.59 1.01 1.19 -0.59 1.42 3.11 1.63 0.15 0.88 1.17 1.46 1.97 3.24
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
19 23 26 32 33 33 30 43 39 31 49 85 124
19 19 14 20 21 19 19 39 39 28 38 77 111
Operating Profit -0 4 12 12 12 14 11 4 -0 4 11 8 14
OPM % -2.6% 17% 46% 38% 38% 43% 37% 10% -0.5% 12% 23% 10% 11%
0 0 0 1 1 2 1 2 4 2 0 1 2
Interest 0 2 3 2 2 2 1 1 1 1 1 1 0
Depreciation 0 0 0 0 1 1 1 2 2 2 2 2 2
Profit before tax -1 1 9 10 10 13 11 3 1 3 9 6 13
Tax % 0% 0% 0% 0% 22% 28% 19% 27% 47% 30% 27% 28%
-1 1 9 10 8 9 9 2 1 2 7 5 10
EPS in Rs -0.63 1.47 9.66 7.82 6.25 7.41 7.14 1.96 0.59 1.97 5.57 3.67 7.84
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 18% 41%
Compounded Sales Growth
10 Years: 14%
5 Years: 23%
3 Years: 29%
TTM: 96%
Compounded Profit Growth
10 Years: 13%
5 Years: -13%
3 Years: 85%
TTM: 36%
Stock Price CAGR
10 Years: 25%
5 Years: 9%
3 Years: 18%
1 Year: -24%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 5%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 7 7 7 9 9 9 9 9 12 12 12 12 12
Reserves -32 -17 -8 -1 7 16 25 27 75 77 84 87 92
27 15 15 13 12 4 3 2 0 0 0 0 0
7 3 3 2 4 4 7 8 8 9 13 17 26
Total Liabilities 9 9 16 24 33 34 45 47 95 99 109 117 130
6 6 6 6 9 10 9 14 13 14 13 16 25
CWIP 0 0 0 1 0 0 3 0 0 0 0 3 1
Investments 0 0 2 4 10 15 24 5 55 78 86 80 80
3 3 8 13 14 10 8 27 27 7 11 18 24
Total Assets 9 9 16 24 33 34 45 47 95 99 109 117 130

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1 0 7 8 9 14 11 10 -2 3 10 0
-1 -0 -2 -3 -8 -5 -10 -8 -43 -6 -9 -0
0 0 -3 -4 -4 -9 -2 -2 47 -0 -0 -1
Net Cash Flow 0 -0 2 1 -3 0 -0 -0 2 -2 1 -1
Free Cash Flow 0 -0 7 7 6 14 10 4 -3 1 9 -6
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit -227% 6% 61% 69% 77% 134% 123% 172% 826% 119% 111% 27%

Ratios

Standalone / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 6 7 61 97 128 80 58 11 26 39 32 39
Inventory Days 40 36 56 33 34 38 53 34 22 41 42 31
Days Payable 73 76 83 62 63 97 120 42 32 41 65 35
Cash Conversion Cycle -27 -32 33 68 99 21 -9 4 15 39 9 35
Working Capital Days -102 -35 -1 47 33 49 -6 -37 14 -29 -32 -4
ROCE % -31% 103% 120% 67% 49% 49% 34% 11% 4% 5% 11% 7%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Sulphur-based Products Revenue Share
%

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Installed Capacity
TPD
Capacity Utilization
%
Revenue Share from Parent (Atul)
%
Average Sulphur Price
US$/MT
Production Volume (Daily)
TPD
Number of Customers
count
Raw Material Consumption
MT
Top 3 Customer Concentration
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
71.32% 71.32% 71.32% 71.34% 71.34% 71.34% 71.34% 71.34% 71.34% 71.34% 71.35% 71.35%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.03% 0.03%
28.67% 28.65% 28.67% 28.64% 28.64% 28.64% 28.65% 28.65% 28.64% 28.64% 28.63% 28.61%
No. of Shareholders 13,32413,53213,82113,59913,78314,49514,99518,82818,57218,12317,63217,793

* 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.

Click on the line-items to see the names of individual entities.

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