On 6 Nov 2026, Amal was priced at ₹578.90, or 24.0× trailing earnings, against an industry P/E of 18.2×, and the shares are 47% below their 52-week high. Sales grew 58% a year over 3 years, with ROCE of 22% and ROE of 20%. Its dividend yield is 0.3%. It is a small-cap company with a market cap of ₹713 Cr, ranked 34th of 76 Chemicals companies by market cap; the shares fell 22% over the past year.
- ₹587.75
- ₹587.75
- ₹571.00
- ₹587.75
- 6.6K
Health check
- ReturnsIn line
−21.8% over a year, better than 3 of 7 peers.
- Price tagPricier
P/E 24.0 vs industry 18.2.
- GrowthStrong
Sales +57.8% a year over 3 years.
- ProfitabilityStrong
ROCE 22.3% vs peer median 10.6%.
- Balance sheetFair
Piotroski 5 of 9.
- Red flags1 to check
47% below its 52-week high.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹713 Cr
- Small cap
- P/E
- 24.0
- Industry 18.2
- Price to book
- 5.94
- Peers 2.62
- Dividend yield
- 0.26%
- ROE
- 20.4%
- Peers 11.7%
- ROCE
- 22.3%
- Peers 10.6%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹24.11
- Face value ₹10
- OPM (TTM)
- 11.2%
- Net margin 10.3%
- Sales growth
- +104.1%
- Latest quarter vs a year ago
- Profit growth
- +77.8%
- Latest quarter vs a year ago
- Price to sales
- 2.47
- EV/EBITDA 16.4
Strengths and risks
Strengths
- Return on equity of 20.4%.
- Return on capital employed of 22.3%.
- Quarterly profit up 77.8% on a year ago.
- Quarterly sales up 104.1% on a year ago.
Risks to check
- 47% below its 52-week high.
About Amal
Amal Ltd manufactures and markets bulk chemicals in India. It offers oleum, sulphuric acid, Sulphur dioxide, and Sulphur trioxide for use in dyestuff, fertilizer, personal care, petrochemical, pharmaceutical, and textile industries. The company was formerly known as Amal Products Limited and changed its name to Amal Ltd in September 2003. Amal Ltd was incorporated in 1974 and is based in Mumbai, India.
- Headquarters
- Mumbai
- Employees
- 81
- Sector
- Basic Materials
- ISIN
- INE841D01013
- Website
- amal.co.in
Price range
- Avg volume (3M)
- 63.9K
- 1-year return
- minus 21.8%
- From 52-week high
- minus 46.6%
Peers · Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NAVINFLUORNavin Fluorine International | 9,010.00 | plus 1.87% | 46,250 | 50.8 | 42.7 | 18.7% | 34.3% | 0.28 | 16.5% | plus 46.1% |
| DEEPAKNTRDeepak Nitrite | 1,533.60 | minus 0.67% | 20,917 | 19.7 | 22.3 | 10.8% | 18.0% | 0.27 | −0.5% | minus 11.9% |
| TATACHEMTata Chemicals | 607.45 | minus 1.36% | 15,475 | – | 12.4 | −3.0% | 12.2% | 0.36 | −4.8% | minus 31.0% |
| DEEPAKFERTDeepak Fertilisers & Petrochemicals Corp. | 1,155.30 | minus 0.69% | 14,599 | 14.8 | 11.5 | 11.2% | 17.6% | 0.76 | 2.6% | minus 22.7% |
| RPELRaghav Productivity Enhancers | 1,780.80 | plus 0.95% | 8,178 | 116.0 | 107.1 | – | 29.9% | 0.02 | 23.5% | plus 95.4% |
| GNFCGujarat Narmada Valley Fertilizers and Chemicals | 451.80 | minus 1.87% | 6,639 | 6.3 | 5.4 | 10.4% | 14.8% | 0.01 | −8.8% | minus 7.2% |
| ACIArchean Chemical Industries | 416.40 | minus 1.95% | 5,141 | 51.3 | 23.2 | 7.7% | 20.0% | 0.28 | −9.2% | minus 34.6% |
| AMALAmal | 578.90 | minus 1.51% | 716 | 24.0 | 18.8 | 22.3% | 11.2% | – | 57.8% | minus 21.8% |
| Median of 7 peers | – | −0.69% | 14,599 | 35.2 | 22.3 | 10.6% | 18.0% | 0.28 | −0.5% | −11.9% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|
| 47.3 | – | 62.6 | 75.7 | 96.5 | 131 | |
| 35.7 | – | 54.5 | 68.4 | 79.5 | 123 | |
| 11.6 | – | 8.1 | 7.4 | 17.1 | 8.5 | |
| 24.6% | – | 12.9% | 9.7% | 17.7% | 6.5% | |
| 0.4 | – | 0.6 | 0.7 | 6.1 | 2.1 | |
| 0.1 | – | 0.2 | 0.1 | – | – | |
| 2.3 | – | 2.3 | 2.3 | 2.3 | 2.4 | |
| 9.6 | – | 6.1 | 5.6 | 20.9 | 8.2 | |
| 2.0% | – | 18.1% | 66.0% | 19.9% | 24.7% | |
| 9.4 | – | 5 | 1.9 | 16.7 | 6.2 | |
| – | 4.90 | 4.06 | 1.54 | 13.53 | 4.98 |
Profit & loss
- Sales CAGR 3Y
- +57.8%
- ROE
- 20.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 60.9 | 86 | 135 | 239 | |
| – | +41.2% | +56.8% | +77.5% | |
| 66.5 | 70.6 | 91.2 | 204 | |
| −5.6 | 15.4 | 43.7 | 35.7 | |
| −9.2% | 17.9% | 32.4% | 14.9% | |
| 0.2 | −0.5 | −0.5 | −0.4 | |
| 3.7 | 3.2 | 1.4 | – | |
| 6.7 | 9 | 9.2 | 9.3 | |
| 0 | 0.1 | 0.1 | 2 | |
| −15.7 | 2.8 | 32.6 | 28 | |
| −2.7% | 38.6% | 10.2% | 19.9% | |
| −16.1 | 1.7 | 29.3 | 22.4 | |
| – | – | +1618.4% | minus 23.6% | |
| -15.48 | 1.23 | 23.69 | 18.11 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.4 | 12.4 | 12.4 | 12.4 | |
| 56 | 57.5 | 86.8 | 108 | |
| 34.8 | 23.7 | – | – | |
| 15.2 | 12.8 | 22.4 | 33.8 | |
| 118 | 106 | 122 | 154 | |
| 91.1 | 86.8 | 80.4 | 80.3 | |
| 0.8 | 0.7 | 0.5 | 3.8 | |
| 0.4 | 0.4 | 1.4 | 0.4 | |
| 2.9 | 1.2 | 22.6 | 38.2 | |
| 23.1 | 17.3 | 16.8 | 31.5 | |
| 118 | 106 | 122 | 154 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −10.4 | 21.2 | 49.7 | 21.7 | |
| −16 | −8.7 | −22 | −21.8 | |
| 29.2 | −14.4 | −25.2 | −1.3 | |
| 2.7 | −2 | 2.5 | −1.4 | |
| −16 | −8.6 | −3.5 | −6.8 | |
| −26.5 | 12.6 | 46.2 | 14.9 | |
| – | – | – | −1.2 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.