As of 6 Nov 2026, Amtech Esters trades at 17.5× trailing earnings, below the industry P/E of 22.1×, and the shares are 35% below their 52-week high. Its ROCE of 30% is the highest among the 7 largest Specialty Chemicals peers, and sales and net profit grew 22% and 91% a year over 3 years. Debt is 0.34× equity. It is listed on an SME platform with a market cap of ₹74 Cr, ranked 156th of 204 Specialty Chemicals companies by market cap; the shares fell 20% over the past year.
- ₹87.55
- ₹87.68
- ₹83.00
- ₹87.68
- 40K
Health check
- ReturnsBehind
−20.5% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 17.5 vs industry 22.1.
- GrowthStrong
Sales +22.3%, profit +90.9% a year over 3 years.
- ProfitabilityStrong
ROCE 30.2% vs peer median 24.4%.
- Balance sheetFair
Debt 0.34× equity, interest covered 18.5×, Piotroski 5 of 9.
- Red flags1 to check
35% below its 52-week high.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹74 Cr
- Small cap
- P/E
- 17.5
- Industry 22.1
- Price to book
- 2.75
- Peers 13.33
- Dividend yield
- 0.00%
- ROE
- 24.2%
- Peers 23.0%
- ROCE
- 30.2%
- Peers 24.4%
- Debt to equity
- 0.34
- Debt ₹4.35 Cr
- EPS (TTM)
- ₹4.78
- OPM (TTM)
- 11.1%
- Net margin 10.4%
- Sales growth
- n/a
- Year-ago quarter not reported
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 1.81
- EV/EBITDA 10.1
Strengths and risks
Strengths
- Return on equity of 24.2%.
- Return on capital employed of 30.2%.
Risks to check
- 35% below its 52-week high.
About Amtech Esters
Amtech Esters Limited manufactures and sells polyester resins, FRP raw materials, fiberglass reinforcement products, and industrial chemicals in India. The company offers polyester, resin, epoxy resin, polyamides and plasticizers, such as DOP, DBP, polyurethane resin and its allied products. It also offers pigment pastes, cobalt octoate, accelerators, resin hardeners, and BP pastes. In addition, the company trades in fiberglass products, including CSM 225…
- Headquarters
- Jhajjar
- Employees
- 60
- Sector
- Basic Materials
- ISIN
- INE0RMA01019
- Website
- amtechesters.com
Price range
- Avg volume (3M)
- 1.4 L
- 1-year return
- minus 20.5%
- From 52-week high
- minus 34.7%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| AMTECHAmtech Esters | 83.50 | minus 4.77% | 74 | 17.5 | 10.1 | 30.2% | 11.1% | 0.34 | 22.3% | minus 20.5% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- Sales CAGR 3Y
- +22.3%
- Profit CAGR 3Y
- +90.9%
- ROE
- 24.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 22.2 | 24.6 | 36.9 | 40.7 | |
| – | +10.7% | +49.9% | +10.3% | |
| 21.3 | 23 | 30.4 | 33.2 | |
| 0.9 | 1.6 | 6.5 | 7.5 | |
| 4.0% | 6.7% | 17.6% | 18.4% | |
| 0.1 | 0.2 | 0.1 | 0 | |
| 0.1 | 0.4 | 0.4 | 0.3 | |
| 0.1 | 0.5 | 1 | 1.5 | |
| 0 | 2.4 | 0 | 0 | |
| 0.8 | 3.4 | 5.2 | 5.7 | |
| 23.3% | 16.2% | 26.4% | 25.5% | |
| 0.6 | 2.8 | 3.7 | 4.2 | |
| – | +367.9% | +31.2% | +13.4% | |
| 0.69 | 3.21 | – | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.8 | 3.2 | 3.2 | 6.4 | |
| 7.9 | 8.4 | 12.1 | 13.1 | |
| 1 | 4.5 | 4 | 3.4 | |
| 3 | 8.7 | 8.5 | 11.5 | |
| 12.7 | 24.8 | 27.9 | 34.5 | |
| 0.7 | 6 | 7.7 | 9 | |
| – | 1.1 | 0.5 | 1.9 | |
| 4.4 | – | – | 1.2 | |
| 0 | 3.8 | 2.4 | 1.6 | |
| 7.6 | 13.9 | 17.3 | 20.8 | |
| 12.7 | 24.8 | 27.9 | 34.5 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −2.3 | 2 | 2.7 | 4.2 | |
| 0 | −1.4 | −3.2 | −4 | |
| 2.3 | 3.1 | −0.9 | −0.9 | |
| −0 | 3.7 | −1.4 | −0.7 | |
| −0.3 | −8.8 | −3.2 | −2.9 | |
| −2.6 | −6.8 | −0.5 | 1.3 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.