Amal Ltd
Incorporated in 1974, Amal Ltd manufactures bulk chemicals and their downstream products[1]
- 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.
Peer comparison
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
Part of BSE Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 |
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| Capacity Utilization % |
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| Revenue Share from Parent (Atul) % |
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| Average Sulphur Price US$/MT |
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| Production Volume (Daily) TPD |
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| Number of Customers count |
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| Raw Material Consumption MT |
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| Top 3 Customer Concentration % |
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Extracted by Screener AI
Documents
Announcements
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Outcome Of Board Meeting Oct 26
- Amal Ltd approved Q2/FY27 unaudited results; standalone profit ₹4.01 crore, consolidated profit ₹6.16 crore.
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Board Meeting Outcome for Outcome Of Board Meeting Oct 26
- Amal Ltd reported Q2 FY27 standalone profit of ₹401 lakh and consolidated profit of ₹616.17 lakh.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Amal Ltd filed Regulation 74(5) certificate for shares dematerialised during quarter ended September 30, 2026.
- Closure of Trading Window
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Board Meeting Intimation for Meeting Of The Board And Closure Of Trading Window
- Board meets October 16, 2026 to consider September quarter and six-month results; trading window closes October 1-18.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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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.