1. India Stocks

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    Basic Materials

  3. •

    Chemicals - Specialty
Amal Ltd

Amal Ltd

AMAL.BO
Amal LtdIN flagBombay Stock Exchange
595.70
INR
+3.35
- -
7.36BMarket Cap
Amal Ltd
AMAL.BO
(Bombay Stock Exchange)

Recent

price

595.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
17.04
17.49
22.17
20.99
24.32
29.94
-1.13
35.14
31.44
31.27
29.21
39.79
61.33
69.57
109.44
- -
150.2
Revenue per Share
-4.8
-4.15
0.02
3.77
-0.75
1.74
11.48
10.82
7.46
8.85
8.47
1.02
-16.21
1.38
23.69
- -
13.21
Basic EPS, GAAP
-3.74
-0.05
1.63
-3.88
0.35
-0.43
8.73
8.17
5.48
12.88
3.03
-59.1
-26.63
10.17
37.35
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-32.99
-37.14
-37.13
-33.36
-50.41
-48.65
-37.15
-18.55
-8.57
0.28
8.69
9.3
-3.05
-1.22
10
- -
10
Book Value per Share
-21.33
-25.49
-22.37
-18.61
-14.71
-12.95
-1.44
9.58
15.73
24.58
32.99
32.5
68.83
56.27
80.08
- -
97.39
Tangible Book Value per Share
8
8
8
8
8
8
8
9
10
10
10
11
10
12
12
- -
12
Basic Weighted Avg Shares
132
135
172
162
188
232
-9
315
326
325
303
433
609
860
1,353
2,396
1,856
Sales/Revenue/Turnover
-10
-25.16
-3.63
2.28
-3.43
15.7
-1,307.63
37.58
36.41
40.37
33.96
5.21
-20.18
7.36
25.21
11
10.8
Operating Margin (%)
37
3
3
3
3
4
4
4
5
9
10
17
67
90
92
93
70
Depreciation Expense
-37
-32
- -
29
-6
13
89
97
78
92
88
11
-161
17
293
224
163
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
22.34
27.58
18.63
31.51
- -
38.62
10.18
19.93
23.43
Effective Tax Rate (%)
-28.17
-23.75
0.08
17.96
-3.06
5.82
-1,011.91
30.78
23.74
28.31
29
2.56
-26.43
1.98
21.65
9.34
8.79
Profit Margin (%)
-28
-73
-71
-40
-49
-21
37
114
126
197
187
-59
-39
-1
186
430
430
Working Capital
167
167
167
167
131
146
72
60
45
- -
24
402
244
185
- -
- -
- -
LT Debt
-165
-197
-173
-144
-114
-100
-11
86
163
255
343
353
684
699
992
1,204
1,204
Total Equity
- -
- -
- -
44.98
- -
116.14
163.83
86.44
40.03
34.53
25.79
2.46
- -
3.95
31.75
19.21
13.98
Return on Invested Capital (%)
- -
- -
-0.11
-27.54
- -
-15.11
-56.05
-95.69
-441.32
475.28
129.08
4.04
- -
14.8
180.03
185.3
135.22
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
188.91
11.6
- -
- -
- -
181.06
132.06
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
- -
12
Market Capitalization
10,810
8,291
5,106

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
- -
- -
720
Cash, Cash Equivalents & STI
- -
- -
389
Accounts Receivable, Net
- -
- -
196
Inventories
- -
- -
121
Total Current Liabilities
- -
- -
290
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-61.61%
32.43%
21.37%
Free Cash Flow
-422.09%
-429.94%
-67.82%
Net Income, GAAP
40.78%
-30.97%
-23.58%
Sales/Revenue/Turnover
-353.82%
51.81%
77.09%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
168
222
259
211
860
2025
205
301
458
390
1,353
2026
473
- -
626
757
2,396

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-2.14
1.39
1.83
- -
1.38
2025
0.36
4.47
13.38
5.48
23.69
2026
7.61
- -
4.06
1.54
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Amal Ltd manufactures and markets bulk chemicals based on sulphur, including sulphuric acid, oleum, sulphur dioxide and sulphur trioxide; these products serve industries such as dyes, fertiliser, personal care, petrochemical, pharmaceutical, textile, electroplating, breweries and food. The company operates a manufacturing plant in Ankleshwar, Gujarat, India, with headquarters in Mumbai, Maharashtra; it was founded in 1974 as Piramal Rasayan Ltd by the Piramal Group, transferred control to Atul Ltd in 1985-86, and adopted its current name in 2003. Amal Ltd maintains a wholly-owned subsidiary, Amal Speciality Chemicals Ltd, incorporated in 2020, and engages in ongoing related party transactions with promoter Atul Ltd, representing about 16% of its annual turnover, to achieve synergies in operations, logistics and sustainability. In fiscal 2025, the company achieved record consolidated revenue of Rs 135 crore, up 57%, and profit before tax of Rs 33 crore, up 11-fold, wiping out carried-forward losses through higher price realisations and volumes; it generated a cash surplus of Rs 22 crore, repaid all borrowings, invested Rs 352 lakh in capital expenditure, and recommended a 10% dividend. Amal Ltd pursues capacity upgrades with Rs 6 crore in proposed CapEx, product expansions including new related offerings, and leadership strengthening to drive sustained growth.