Sharescart Research Club logo

Amal Overview

Amal Ltd is an primarily India-based organization engaged in imparting basic chemicals. The Company is engaged in production and advertising bulk chemical compounds, inclusive of sulfuric acid and oleum and their downstream merchandise, which include sulfur dioxide and sulfur trioxide. The plant is positioned in Ankleshwar, Gujarat, India. It has an set up capability of 140 metric ton/day. The Company sells those chemical substances regionally. The Company gives merchandise to the dyes, fertilizer, private care, petrochemical, pharmaceutical an...Read More

Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

Amal Key Financials

Market Cap ₹810 Cr.

Stock P/E 27.6

P/B 6.8

Current Price ₹655.1

Book Value ₹ 95.8

Face Value 10

52W High ₹1148

Dividend Yield 0.15%

52W Low ₹ 408.2

Amal Share Price

₹ | |

Volume
Price

Amal Quarterly Price

Show Value Show %

Amal Peer Comparison

Amal Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 22 26 21 21 30 46 39 47 54 63
Other Income 0 0 0 0 0 0 0 0 0 1
Total Income 22 26 21 21 30 46 39 48 54 63
Total Expenditure 17 20 17 17 21 25 28 36 45 55
Operating Profit 5 6 4 3 9 20 11 12 9 9
Interest 1 1 1 1 1 0 0 0 0 0
Depreciation 2 2 2 2 2 2 2 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 3 1 0 6 18 8 10 7 6
Provision for Tax 0 1 1 -0 1 1 2 0 1 1
Profit After Tax 2 2 0 0 6 17 7 9 6 5
Adjustments 0 0 0 0 0 -0 0 0 0 0
Profit After Adjustments 2 2 0 0 6 17 7 9 6 5
Adjusted Earnings Per Share 1.4 1.8 0.3 0.4 4.5 13.4 5.5 7.6 4.9 4.1

Amal Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 33 30 43 61 86 135 203
Other Income 2 1 0 1 0 1 1
Total Income 34 32 44 62 86 136 204
Total Expenditure 19 19 40 67 71 92 164
Operating Profit 16 13 4 -5 16 44 41
Interest 2 1 1 4 4 2 0
Depreciation 1 1 2 7 9 9 8
Exceptional Income / Expenses 0 0 0 0 0 0 0
Profit Before Tax 13 11 2 -16 3 33 31
Provision for Tax 4 2 1 0 1 3 4
Profit After Tax 9 9 1 -16 2 29 27
Adjustments 0 0 0 0 0 0 0
Profit After Adjustments 9 9 1 -16 2 29 27
Adjusted Earnings Per Share 8.9 8.5 1.1 -13 1.4 23.7 22.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 57% 46% 33% 0%
Operating Profit CAGR 175% 122% 22% 0%
PAT CAGR 1350% 207% 26% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 2% 35% 15% 35%
ROE Average 35% 2% 8% 12%
ROCE Average 36% 10% 14% 19%

Amal Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 26 34 35 68 70 99
Minority's Interest 0 0 0 0 0 0
Borrowings 3 4 42 24 19 0
Other Non-Current Liabilities 5 3 1 3 1 2
Total Current Liabilities 4 9 23 25 18 23
Total Liabilities 38 51 101 121 107 124
Fixed Assets 9 9 14 90 86 80
Other Non-Current Assets 5 14 69 10 3 2
Total Current Assets 24 27 17 21 18 42
Total Assets 38 51 101 121 107 124

Amal Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1 1 0 3 1
Cash Flow from Operating Activities 14 10 -1 -10 21 50
Cash Flow from Investing Activities -5 -11 -43 -16 -9 -22
Cash Flow from Financing Activities -9 0 44 29 -14 -25
Net Cash Inflow / Outflow 0 0 -0 3 -2 3
Closing Cash & Cash Equivalent 1 1 0 3 1 3

Amal Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 8.85 8.47 1.07 -13.03 1.38 23.69
CEPS(Rs) 9.67 9.39 2.7 -7.61 8.69 31.13
DPS(Rs) 0 0 0 0 0 1
Book NAV/Share(Rs) 24.58 32.99 34.04 55.31 56.54 80.23
Core EBITDA Margin(%) 42.66 37 9.03 -8.95 17.76 31.91
EBIT Margin(%) 45.37 37.95 5.87 -18.32 7.52 25.52
Pre Tax Margin(%) 38.93 35.54 3.7 -25.07 3.21 24.03
PAT Margin (%) 28.19 28.92 2.53 -25.74 1.97 21.58
Cash Profit Margin (%) 30.81 32.06 6.41 -15.04 12.41 28.36
ROA(%) 24.03 19.77 1.46 -14.51 1.49 25.29
ROE(%) 36.01 29.43 3.19 -31.05 2.47 34.65
ROCE(%) 49.28 33.02 4.07 -12.1 6.61 35.94
Receivable days 79.9 71.73 25.69 16.21 20.36 20.7
Inventory Days 10.46 13.87 16.42 17.5 14.6 12.39
Payable days 97.04 105.77 41.96 27.4 34.06 46.86
PER(x) 9.85 40.96 349.98 0 255.77 28.24
Price/Book(x) 3.55 10.52 10.98 3.28 6.24 8.34
Dividend Yield(%) 0 0 0 0 0 0.15
EV/Net Sales(x) 2.9 12.01 10.1 4.18 5.33 6.09
EV/Core EBITDA(x) 6.04 29.24 102.89 -53.74 29.53 18.79
Net Sales Growth(%) 0 -6.69 42.93 41.02 40.41 57.17
EBIT Growth(%) 0 -21.95 -77.74 -546.05 156.74 432.56
PAT Growth(%) 0 -4.29 -87.39 -1551.69 110.58 1618.41
EPS Growth(%) 0 -4.29 -87.39 -1319.31 110.58 1618.44
Debt/Equity(x) 0.18 0.17 1.44 0.51 0.34 0
Current Ratio(x) 5.67 3.11 0.74 0.84 0.99 1.8
Quick Ratio(x) 5.45 2.95 0.63 0.7 0.8 1.55
Interest Cover(x) 7.04 15.74 2.7 -2.71 1.75 17.08
Total Debt/Mcap(x) 0.05 0.02 0.13 0.16 0.05 0

Amal Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 71.33 71.33 71.33 71.35 71.35 71.35 71.35 71.35 71.35 71.35
FII 0 0 0 0 0 0 0 0 0 0
DII 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Public 28.65 28.65 28.65 28.64 28.64 28.64 28.64 28.64 28.64 28.64
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Amal News

Amal Pros & Cons

Pros

  • Company has delivered good profit growth of 26% CAGR over last 5 years
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 2% over the last 3 years.
  • Debtor days have increased from 34.06 to 46.86days.
  • Stock is trading at 6.8 times its book value.
whatsapp