WEBSITE BSE:530133 NSE: AMCO INDIA L Inc. Year: 1987 Industry: Plastic Products My Bucket: Add Stock
Last updated: 10:39
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1. Business Overview
Amco India Ltd. is a company operating in the Plastic Products sector in India. Its core business involves the manufacturing and sale of various plastic products. While specific product lines are not detailed, companies in this sector typically produce items ranging from industrial components, packaging materials, and agricultural accessories to consumer goods and household plastics. The company's business model involves sourcing raw materials (primarily polymers derived from crude oil), manufacturing finished plastic goods, and selling them to either B2B clients (e.g., other manufacturers, packaging companies) or B2C markets (via distributors or direct sales), thereby generating revenue.
2. Key Segments / Revenue Mix
Specific key segments and their precise revenue contribution are not readily available in public domain overviews without access to detailed financial reports. Companies in the plastic products industry often categorize their revenue by product type (e.g., flexible packaging, rigid packaging, plastic components, consumer plastics) or by end-use industry (e.g., automotive, agriculture, FMCG). It is likely that Amco India Ltd. has a primary focus within one or more of these product categories, which constitutes the bulk of its revenue.
3. Industry & Positioning
The Plastic Products industry in India is characterized by its fragmented nature, with a mix of large integrated players, mid-sized specialized manufacturers, and numerous small-scale enterprises. The industry is highly reliant on the availability and price stability of crude oil derivatives (polymers) which are key raw materials. Amco India Ltd., as a listed entity, likely operates as a mid-tier player or a niche specialist within this landscape. Its positioning relative to peers would depend on factors like its product portfolio (commoditized vs. specialized), manufacturing scale, geographic reach, customer relationships, and cost efficiency.
4. Competitive Advantage (Moat)
For a company like Amco India Ltd., potential competitive advantages might include:
Cost Efficiency/Scale: Ability to procure raw materials in bulk and operate manufacturing processes efficiently to achieve lower production costs.
Customer Relationships: Long-standing relationships with key B2B clients, leading to repeat business and preferred supplier status.
Product Specialization: Expertise in manufacturing specific, technically complex plastic products that require specialized knowledge or machinery, creating barriers to entry for competitors.
Distribution Network: An established and efficient distribution network across India or specific regions for consumer or industrial products.
Brand recognition is generally less significant unless the company primarily deals in branded consumer plastic goods.
5. Growth Drivers
Key factors that could drive growth for Amco India Ltd. over the next 3-5 years include:
Growing Indian Economy & Consumption: Increased consumer spending and industrial activity drive demand for plastic products across various sectors (packaging, automotive, infrastructure, consumer durables).
Infrastructure Development: Government initiatives in infrastructure (roads, housing, utilities) often require plastic components (pipes, fittings, cables).
Substitute for Traditional Materials: Plastics continue to replace traditional materials (metal, wood, glass) in many applications due to their lighter weight, durability, and cost-effectiveness.
Innovation in Plastic Applications: Development of new plastic materials or applications can open new market opportunities.
Export Opportunities: Leveraging India's manufacturing base to cater to international markets.
6. Risks
Raw Material Price Volatility: Significant fluctuations in crude oil prices directly impact polymer costs, which are a major component of production expenses, affecting profitability.
Environmental Regulations: Increasing government scrutiny and regulations regarding plastic waste management, single-use plastics bans, and recycling mandates could impact operations and demand for certain products.
Intense Competition: The fragmented nature of the industry leads to price wars and pressure on margins.
Technological Disruption/Substitution: Emergence of alternative materials or advanced manufacturing techniques that could reduce the demand for traditional plastic products.
Economic Downturns: A general economic slowdown could reduce industrial and consumer demand for plastic products.
7. Management & Ownership
Amco India Ltd., like many Indian companies, is likely promoted by a founding family or a core group of individuals who hold a significant ownership stake. The management team would typically consist of professionals with experience in manufacturing, sales, and finance. The quality of management is critical for navigating raw material volatility, adapting to regulatory changes, and driving innovation. The ownership structure would likely involve promoters holding a substantial block, with the remaining shares held by institutional investors, retail investors, and other public shareholders.
8. Outlook
Amco India Ltd. operates within a dynamic and essential sector driven by India's economic growth and increasing consumption. The company stands to benefit from the ongoing demand for plastic products across various end-use industries, supported by favorable demographic trends and infrastructure development. However, the outlook is also tempered by significant challenges, primarily the inherent volatility of raw material prices and the increasing pressure from environmental regulations concerning plastic waste. Success will hinge on the company's ability to maintain cost efficiency, innovate in product development, adapt to evolving regulatory landscapes, and strengthen customer relationships to navigate the competitive and regulatory complexities of the Indian plastic products market.
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Market Cap ₹29 Cr.
Stock P/E 15.4
P/B 0.8
Current Price ₹70.2
Book Value ₹ 92
Face Value 10
52W High ₹107
Dividend Yield 0%
52W Low ₹ 60.2
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(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 | 26 | 28 | 20 | 23 | 29 | 29 | 25 | 26 | 34 | 29 |
| Other Income | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Total Income | 27 | 29 | 21 | 24 | 29 | 29 | 25 | 26 | 34 | 29 |
| Total Expenditure | 25 | 28 | 20 | 23 | 28 | 27 | 24 | 26 | 34 | 28 |
| Operating Profit | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 0 | 0 | 1 | 1 | 1 | 0 | -0 | 0 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Profit After Tax | 1 | 0 | 0 | 0 | 0 | 1 | 0 | -0 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | -0 | 0 | -0 | 0 | 0 | -0 |
| Profit After Adjustments | 1 | 0 | 0 | 0 | 0 | 1 | 0 | -0 | 0 | 0 |
| Adjusted Earnings Per Share | 1.3 | 0 | 0.6 | 1.1 | 1 | 1.6 | 0.8 | -0.3 | 0.6 | 0.4 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 57 | 46 | 51 | 66 | 80 | 85 | 88 | 156 | 154 | 104 | 105 | 114 |
| Other Income | 1 | 1 | 2 | 1 | 0 | 1 | 1 | 2 | 2 | 2 | 2 | 1 |
| Total Income | 58 | 47 | 53 | 67 | 80 | 86 | 90 | 158 | 156 | 106 | 107 | 114 |
| Total Expenditure | 56 | 43 | 49 | 64 | 78 | 83 | 86 | 150 | 152 | 102 | 103 | 112 |
| Operating Profit | 2 | 3 | 4 | 3 | 3 | 3 | 4 | 8 | 3 | 3 | 5 | 3 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -1 | 1 | 1 | 1 | 1 | 1 | 2 | 6 | 1 | 1 | 2 | 0 |
| Provision for Tax | -0 | -0 | -0 | 0 | -0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
| Profit After Tax | -1 | 1 | 2 | 1 | 1 | 1 | 1 | 4 | 1 | 1 | 2 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -1 | 1 | 2 | 1 | 1 | 1 | 1 | 4 | 1 | 1 | 2 | 0 |
| Adjusted Earnings Per Share | -2.2 | 2.8 | 4.1 | 2.5 | 1.8 | 2.1 | 3.6 | 9.8 | 1.4 | 2 | 4.6 | 1.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 1% | -12% | 4% | 6% |
| Operating Profit CAGR | 67% | -15% | 11% | 10% |
| PAT CAGR | 100% | -21% | 15% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -1% | 5% | 19% | 17% |
| ROE Average | 5% | 3% | 5% | 4% |
| ROCE Average | 7% | 6% | 8% | 7% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 23 | 25 | 26 | 27 | 28 | 29 | 30 | 34 | 35 | 36 | 38 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 1 | 1 | 1 | 1 | 2 | 1 | 3 | 3 | 2 | 1 | 1 |
| Other Non-Current Liabilities | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Total Current Liabilities | 16 | 15 | 17 | 18 | 18 | 18 | 19 | 22 | 20 | 14 | 18 |
| Total Liabilities | 42 | 42 | 46 | 47 | 49 | 49 | 53 | 61 | 58 | 52 | 58 |
| Fixed Assets | 14 | 14 | 15 | 12 | 13 | 16 | 14 | 15 | 14 | 15 | 13 |
| Other Non-Current Assets | 4 | 5 | 4 | 7 | 9 | 6 | 11 | 12 | 13 | 12 | 10 |
| Total Current Assets | 24 | 23 | 26 | 28 | 27 | 27 | 28 | 34 | 32 | 25 | 35 |
| Total Assets | 42 | 42 | 46 | 47 | 49 | 49 | 53 | 61 | 58 | 52 | 58 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | 7 | 2 | 2 | 1 | 4 | -5 | 0 | -1 | 3 | 7 | -4 |
| Cash Flow from Investing Activities | -1 | -1 | -0 | 0 | -4 | -1 | 0 | -0 | -0 | -0 | 2 |
| Cash Flow from Financing Activities | -5 | -1 | -1 | -1 | -0 | 5 | 1 | -0 | -3 | -6 | 2 |
| Net Cash Inflow / Outflow | 0 | 0 | 0 | -0 | 0 | -0 | 1 | -1 | 0 | 0 | -0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -2.21 | 2.77 | 4.08 | 2.5 | 1.85 | 2.14 | 3.58 | 9.85 | 1.39 | 2.01 | 4.56 |
| CEPS(Rs) | 1.88 | 5.56 | 6.83 | 5.2 | 3.99 | 4.28 | 5.94 | 12.39 | 4.02 | 4.68 | 7.5 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 56.98 | 59.75 | 63.84 | 66.34 | 68.18 | 70.4 | 73.42 | 83.07 | 84.68 | 86.63 | 91.3 |
| Core EBITDA Margin(%) | 1.42 | 4.96 | 3.4 | 3.65 | 2.85 | 2.85 | 3.26 | 4.01 | 1.15 | 1.19 | 2.62 |
| EBIT Margin(%) | 0.52 | 4.19 | 4.44 | 3.39 | 2.26 | 3.06 | 3.51 | 4.47 | 1.45 | 2.15 | 3.3 |
| Pre Tax Margin(%) | -1.72 | 2.12 | 2.55 | 1.76 | 0.85 | 1.46 | 2.15 | 3.64 | 0.57 | 1.06 | 2.15 |
| PAT Margin (%) | -1.4 | 2.18 | 2.87 | 1.51 | 0.94 | 1.03 | 1.65 | 2.59 | 0.37 | 0.79 | 1.77 |
| Cash Profit Margin (%) | 1.18 | 4.36 | 4.81 | 3.13 | 2.03 | 2.05 | 2.74 | 3.25 | 1.07 | 1.84 | 2.91 |
| ROA(%) | -1.99 | 2.7 | 3.82 | 2.23 | 1.59 | 1.8 | 2.88 | 7.12 | 0.96 | 1.49 | 3.4 |
| ROE(%) | -3.81 | 4.75 | 6.61 | 3.85 | 2.75 | 3.09 | 4.98 | 12.59 | 1.65 | 2.34 | 5.13 |
| ROCE(%) | 1.03 | 7.01 | 7.97 | 6.91 | 5.24 | 6.65 | 6.97 | 14.35 | 4.45 | 4.72 | 7.32 |
| Receivable days | 87.61 | 95.36 | 97.67 | 96.58 | 83.52 | 73.96 | 66.27 | 33.57 | 32.53 | 48.82 | 52.87 |
| Inventory Days | 47.8 | 56.41 | 44.3 | 35.99 | 29.29 | 28.44 | 32.73 | 30.32 | 37.61 | 42.93 | 41.84 |
| Payable days | 79.34 | 89.05 | 67.99 | 49.84 | 39.8 | 26.58 | 17.49 | 12.7 | 15.1 | 19.68 | 16.57 |
| PER(x) | 0 | 5.38 | 6.86 | 13.56 | 11.82 | 7.98 | 10.05 | 6.96 | 36.23 | 27.89 | 13.88 |
| Price/Book(x) | 0.24 | 0.25 | 0.44 | 0.51 | 0.32 | 0.24 | 0.49 | 0.82 | 0.59 | 0.65 | 0.69 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.22 | 0.28 | 0.35 | 0.3 | 0.2 | 0.24 | 0.33 | 0.28 | 0.23 | 0.31 | 0.35 |
| EV/Core EBITDA(x) | 6.14 | 3.9 | 4.79 | 5.87 | 5.89 | 5.9 | 7.15 | 5.52 | 10.46 | 9.48 | 7.91 |
| Net Sales Growth(%) | 1.89 | -19.22 | 10.81 | 29.31 | 21.04 | 6.52 | 3.91 | 76.58 | -1.3 | -32.82 | 1.66 |
| EBIT Growth(%) | 126.79 | 544.36 | 18.27 | -10.68 | -21.37 | 43.61 | 19.27 | 124.14 | -67.86 | 0.19 | 55.4 |
| PAT Growth(%) | 72.7 | 225.25 | 47.33 | -38.67 | -26.19 | 15.99 | 67.07 | 174.97 | -85.92 | 44.77 | 127.15 |
| EPS Growth(%) | 72.7 | 225.25 | 47.33 | -38.67 | -26.19 | 15.99 | 67.07 | 174.97 | -85.92 | 44.77 | 127.15 |
| Debt/Equity(x) | 0.31 | 0.3 | 0.26 | 0.24 | 0.27 | 0.49 | 0.54 | 0.49 | 0.43 | 0.28 | 0.34 |
| Current Ratio(x) | 1.51 | 1.59 | 1.56 | 1.59 | 1.49 | 1.51 | 1.48 | 1.56 | 1.56 | 1.81 | 1.93 |
| Quick Ratio(x) | 0.97 | 1.07 | 1.17 | 1.2 | 1.15 | 1.11 | 1.02 | 0.77 | 0.85 | 1.1 | 1.13 |
| Interest Cover(x) | 0.23 | 2.02 | 2.35 | 2.08 | 1.6 | 1.92 | 2.59 | 5.39 | 1.65 | 1.98 | 2.88 |
| Total Debt/Mcap(x) | 1.29 | 1.2 | 0.6 | 0.48 | 0.84 | 2.02 | 1.1 | 0.6 | 0.73 | 0.43 | 0.49 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 65.55 | 65.55 | 65.55 | 65.55 | 65.55 | 65.55 | 65.55 | 65.55 | 65.55 | 65.55 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 2.44 | 2.44 | 2.44 | 2.44 | 2.44 | 2.44 | 2.44 | 2.44 | 2.44 | 2.44 |
| Public | 32.01 | 32.01 | 32.01 | 32.01 | 32.01 | 32.01 | 32.01 | 32.01 | 32.01 | 32.01 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Public | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 |
* The pros and cons are machine generated.
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