1. India Stocks

  2. •

    Process industries

  3. •

    Chemicals: specialty
Amal Ltd.

Amal Ltd.

622.20
INR
-10.15
(-1.61%)
5.11BMarket Cap
Amal Ltd.
BSE:AMAL
(Bombay Stock Exchange)

Recent

price

622.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
17.04
17.49
22.17
20.99
24.32
29.94
-1.13
35.14
31.44
31.27
29.21
39.79
55.67
69.57
109.07
193.62
- -
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
-14.72
1.38
23.69
18.11
- -
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
-24.18
10.17
37.36
12.02
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
Dividend per Share
-21.33
-25.49
-22.37
-18.61
-14.71
-12.95
-1.44
8.28
15.73
24.58
32.99
34.04
55.31
56.54
80.23
97.37
- -
Book Value per Share
-21.33
-25.49
-22.37
-18.61
-14.71
-12.95
-1.44
8.28
15.73
24.58
32.99
34.04
55.31
56.27
80.09
97.36
- -
Tangible Book Value per Share
8
8
8
8
8
8
8
9
10
10
10
11
11
12
12
12
12
Basic Weighted Avg Shares
132
135
172
162
188
232
-9
315
326
325
303
433
609
860
1,348
2,394
- -
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
25.56
11.01
- -
Operating Margin (%)
37
3
3
3
3
4
4
4
5
9
10
17
67
90
92
93
- -
Depreciation Expense
-37
-32
- -
29
-6
13
89
97
78
92
88
11
-161
17
293
224
- -
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
22.34
27.58
18.63
31.51
- -
38.62
10.18
19.93
- -
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
21.72
9.35
- -
Profit Margin (%)
-28
-73
-71
-40
-49
-21
37
114
126
197
187
-59
-39
-1
186
430
- -
Working Capital
167
167
167
167
131
146
72
60
45
- -
25
402
244
185
- -
- -
- -
LT Debt
-165
-197
-173
-144
-114
-100
-11
86
163
255
343
353
684
699
992
1,204
- -
Total Equity
- -
- -
- -
353.79
- -
118.71
163.83
86.44
39.74
36.15
25.79
2.46
- -
3.98
31.75
19.21
- -
Return on Invested Capital (%)
- -
- -
-0.71
353.79
- -
118.2
164.93
88.84
41.64
38.97
28.87
2.38
- -
3.7
31.74
20.39
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
62.18
43.91
29.43
3.19
-31.05
2.47
34.65
20.39
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
8,290
5,108
6,985

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
720
- -
Cash, Cash Equivalents & STI
- -
382
- -
Accounts Receivable, Net
- -
196
- -
Inventories
- -
121
- -
Total Current Liabilities
- -
290
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

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
-353.83%
51.78%
77.52%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
205
301
458
390
1,348
2026
473
- -
626
757
2,394
2027
965
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.36
4.47
13.38
5.48
23.69
2026
7.61
- -
4.06
1.54
18.11
2027
13.53
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
1
2027
- -
- -
- -
- -
- -
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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.