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Indo Amines Overview

Indo Amines Ltd manufactures, develops, and materials chemical substances, speciality chemicals, performance chemical, perfumery chemicals, and API components international. The agency’s fine chemical compounds comprise aliphatic and aromatic amines, aliphatic and aromatic nitriles, halides, alcohols, cycloalkanols, cycloalkanones, acids and esters, advanced intermediates, amine hydrochlorides, ethanol amines, and other products. Its speciality chemical compounds encompass fatty acids, amides, amines, di-amines, tertiary amines, polyamin...Read More

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Indo Amines Key Financials

Market Cap ₹802 Cr.

Stock P/E 14.3

P/B 2.2

Current Price ₹110.4

Book Value ₹ 51.2

Face Value 5

52W High ₹176

Dividend Yield 0.45%

52W Low ₹ 82

Indo Amines Share Price

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Volume
Price

Indo Amines Quarterly Price

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Indo Amines Peer Comparison

Indo Amines 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 253 194 253 265 269 259 285 288 277 277
Other Income 5 2 5 8 5 2 0 16 5 2
Total Income 258 196 258 273 275 261 286 303 282 280
Total Expenditure 233 173 236 237 245 234 261 256 245 252
Operating Profit 26 23 22 35 29 27 25 47 37 28
Interest 6 6 5 5 6 6 6 6 6 6
Depreciation 3 4 4 4 4 4 4 5 5 5
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 16 13 13 26 19 17 15 36 26 16
Provision for Tax 5 3 3 6 6 5 3 7 7 4
Profit After Tax 12 10 9 19 14 11 12 29 18 12
Adjustments 0 -0 0 0 -0 0 -0 0 0 -0
Profit After Adjustments 12 10 9 19 14 11 12 29 18 12
Adjusted Earnings Per Share 1.7 1.4 1.3 2.7 1.9 1.6 1.6 4 2.5 1.6

Indo Amines Profit & Loss

#(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 234 253 286 355 528 479 541 786 945 944 1079 1127
Other Income 1 1 5 4 7 7 8 10 4 16 15 23
Total Income 235 253 291 360 535 485 549 796 949 960 1094 1151
Total Expenditure 212 222 250 315 473 437 479 734 858 864 978 1014
Operating Profit 24 31 41 45 62 49 69 63 91 96 116 137
Interest 5 4 6 8 10 11 9 14 17 22 22 24
Depreciation 10 12 12 12 15 20 11 14 17 15 17 19
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 8 15 23 25 38 18 49 35 57 58 77 93
Provision for Tax 3 6 7 9 13 6 12 11 16 15 21 21
Profit After Tax 5 9 16 16 25 13 37 23 41 43 56 71
Adjustments 0 0 0 0 -0 -1 0 -0 -0 -0 -1 0
Profit After Adjustments 5 9 16 16 25 12 38 23 40 43 55 71
Adjusted Earnings Per Share 0.8 1.4 2.4 2.3 3.6 1.8 5.4 3.2 5.7 6 7.6 9.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 14% 11% 18% 17%
Operating Profit CAGR 21% 23% 19% 17%
PAT CAGR 30% 35% 34% 27%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -20% 9% 17% 19%
ROE Average 19% 19% 19% 19%
ROCE Average 18% 18% 17% 18%

Indo Amines Balance Sheet

#(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 45 50 69 81 125 135 163 187 225 263 317
Minority's Interest 0 0 0 0 0 -1 -0 0 0 0 1
Borrowings 8 14 14 19 26 36 53 51 58 60 79
Other Non-Current Liabilities 1 -1 -1 1 1 1 -2 2 4 7 10
Total Current Liabilities 101 102 127 143 192 189 236 314 309 303 372
Total Liabilities 155 165 209 244 344 360 450 554 597 633 779
Fixed Assets 53 51 63 70 116 117 125 182 198 209 265
Other Non-Current Assets 3 1 44 15 20 31 61 32 27 29 44
Total Current Assets 99 112 102 159 209 211 265 340 373 395 471
Total Assets 155 165 209 244 344 360 450 554 597 633 779

Indo Amines Cash Flow

#(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 5 6 6 5 8 10 10 15 24 18 21
Cash Flow from Operating Activities 23 19 15 8 27 39 56 15 20 70 35
Cash Flow from Investing Activities -14 -10 -23 -21 -43 -36 -50 -39 -30 -27 -82
Cash Flow from Financing Activities -9 -9 7 16 17 -3 -1 32 4 -41 42
Net Cash Inflow / Outflow 1 0 -1 3 2 0 5 9 -5 2 -5
Closing Cash & Cash Equivalent 6 6 5 8 10 10 15 24 18 20 15

Indo Amines Ratios

# 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) 0.8 1.38 2.42 2.34 3.55 1.81 5.35 3.23 5.72 6.03 7.61
CEPS(Rs) 2.35 3.22 4.23 4.18 5.64 4.57 6.88 5.25 8.23 8.21 10.05
DPS(Rs) 0.25 0.5 0.5 0.5 0.5 0.5 0.55 0.5 0.5 0.5 0.5
Book NAV/Share(Rs) 6.81 7.59 10.37 11.91 17.47 18.88 22.83 26.32 31.68 37.22 43.65
Core EBITDA Margin(%) 8.63 10.57 11.16 10.01 8.89 6.93 9.19 4.78 6.57 6.04 6.9
EBIT Margin(%) 5.17 6.6 8.88 8.03 7.7 4.8 8.72 4.44 5.58 6.11 6.77
Pre Tax Margin(%) 3.09 5.16 7.08 6.08 6.12 3.02 7.34 3.16 4.28 4.42 5.25
PAT Margin (%) 2.02 3.19 5.02 3.85 4.06 2.11 5.61 2.11 3.08 3.26 3.81
Cash Profit Margin (%) 5.95 7.44 8.78 6.89 6.41 5.32 7.29 3.4 4.39 4.42 4.98
ROA(%) 3.38 5.68 8.63 6.88 8.58 3.64 9.26 4.59 7.1 6.96 7.92
ROE(%) 12.3 19.2 27.12 20.98 24.87 9.97 25.42 13.26 19.94 17.58 19.28
ROCE(%) 14.13 19.18 24.64 21.56 22.54 10.99 19.49 13.58 17.43 17.16 18.36
Receivable days 62.96 54.5 60.46 60.85 54.86 62.63 62.08 49.91 48.82 56.19 58.81
Inventory Days 36.07 34.48 33.99 38.47 34.69 44.32 46.36 35.19 35.56 34.66 31.62
Payable days 87.37 74.97 69.17 86.11 75.3 90.21 98.31 85.26 66.29 63.52 63.88
PER(x) 12.88 13.9 14.91 18.19 13.24 7.82 8.22 28.7 13.55 18.46 15.14
Price/Book(x) 1.51 2.53 3.48 3.57 2.69 0.75 1.93 3.52 2.45 2.99 2.64
Dividend Yield(%) 2.43 2.6 1.39 1.18 1.06 3.53 1.25 0.54 0.65 0.45 0.43
EV/Net Sales(x) 0.48 0.68 1.04 1.03 0.86 0.49 0.84 1.07 0.81 1.04 1.02
EV/Core EBITDA(x) 4.76 5.52 7.34 8.18 7.27 4.8 6.56 13.4 8.34 10.29 9.51
Net Sales Growth(%) 6.08 7.94 13.31 24.14 48.62 -9.34 12.91 45.42 20.22 -0.14 14.31
EBIT Growth(%) 3.34 39.57 51.85 13.86 47.18 -38.96 99.37 -16.7 52.67 8.48 23.59
PAT Growth(%) -8.81 73.22 77.54 -3.45 61.87 -49.22 192.49 -38.51 77.36 4.74 30.56
EPS Growth(%) -13.8 73.22 75.24 -3.45 52 -48.98 195.31 -39.69 77.21 5.32 26.28
Debt/Equity(x) 1.14 1.01 0.9 1.14 1.06 1.07 0.99 1.11 1.04 0.82 0.9
Current Ratio(x) 0.98 1.1 0.81 1.11 1.09 1.12 1.12 1.08 1.21 1.3 1.26
Quick Ratio(x) 0.71 0.84 0.54 0.75 0.74 0.69 0.75 0.69 0.77 0.93 0.89
Interest Cover(x) 2.49 4.59 4.93 4.12 4.87 2.69 6.31 3.47 4.29 3.61 4.45
Total Debt/Mcap(x) 0.76 0.4 0.26 0.32 0.42 1.51 0.51 0.32 0.42 0.28 0.34

Indo Amines Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 66.76 66.76 66.76 57.25 57.25 58.37 58.42 58.42 58.42 58.42
FII 0.1 0.05 0 0.01 0.16 0.11 0.03 0 0 0.02
DII 0 0 0 0 0 0 0 0 0 0
Public 33.15 33.19 33.24 42.74 42.59 41.52 41.55 41.58 41.58 41.56
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Indo Amines News

Indo Amines Pros & Cons

Pros

  • Company has delivered good profit growth of 33% CAGR over last 5 years

Cons

  • Debtor days have increased from 63.52 to 63.88days.
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