As of 6 Nov 2026, Indo Amines trades at 11.1× trailing earnings, below the industry P/E of 18.2×, and the shares are 27% below their 52-week high. Sales and net profit grew 7.0% and 24% a year over 3 years, with ROCE of 26% and ROE of 22%. Debt is 0.79× equity, and its dividend yield is 0.4%. It is a small-cap company with a market cap of ₹888 Cr, ranked 28th of 76 Chemicals companies by market cap; the shares fell 3.5% over the past year.
- ₹129.00
- ₹129.00
- ₹120.80
- ₹128.92
- 2.5 L
Health check
- ReturnsAhead
−3.5% over a year, better than 5 of 7 peers.
- Price tagCheaper
P/E 11.1 vs industry 18.2.
- GrowthStrong
Sales +7.0%, profit +24.0% a year over 3 years.
- ProfitabilityStrong
ROCE 26.1% vs peer median 10.6%.
- Balance sheetFair
Debt 0.79× equity, interest covered 5.8×, Piotroski 8 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹888 Cr
- Small cap
- P/E
- 11.1
- Industry 18.2
- Price to book
- 2.34
- Peers 2.62
- Dividend yield
- 0.41%
- ROE
- 21.9%
- Peers 11.7%
- ROCE
- 26.1%
- Peers 10.6%
- Debt to equity
- 0.79
- Debt ₹311 Cr
- EPS (TTM)
- ₹11.03
- Face value ₹5
- OPM (TTM)
- 11.6%
- Net margin 6.5%
- Sales growth
- +30.3%
- Latest quarter vs a year ago
- Profit growth
- +6.6%
- Latest quarter vs a year ago
- Price to sales
- 0.71
- EV/EBITDA 8.2
Strengths and risks
Strengths
- Return on equity of 21.9%.
- Return on capital employed of 26.1%.
- Quarterly sales up 30.3% on a year ago.
- P/E of 11.1 against an industry P/E of 18.2.
- Positive operating cash flow in each of the last 4 years.
About Indo Amines
Indo Amines Limited engages in the manufacture, distribution, and sale of fine, performance, and specialty chemicals in India and internationally. The company's fine chemicals 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 specialty chemicals include fatty acids, amides, amines,…
- Headquarters
- Thane
- Employees
- 619
- Sector
- Basic Materials
- ISIN
- INE760F01028
- Website
- indoaminesltd.com
Price range
- Avg volume (3M)
- 3 L
- 1-year return
- minus 3.5%
- From 52-week high
- minus 27.1%
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% |
| INDOAMINIndo Amines | 122.40 | minus 5.06% | 888 | 11.1 | 9.0 | 26.1% | 11.6% | 0.79 | 7.0% | minus 3.5% |
| 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 |
|---|---|---|---|---|---|
| 288 | 277 | 277 | 318 | 375 | |
| 256 | 245 | 252 | 283 | 322 | |
| 31.3 | 32 | 25.3 | 34.2 | 52.8 | |
| 10.9% | 11.5% | 9.1% | 10.8% | 14.1% | |
| 15.5 | 4.9 | 2.2 | 5.9 | 1.4 | |
| 6.2 | 6.1 | 5.8 | 5.7 | 6.2 | |
| 5.1 | 5.2 | 5.4 | 5.8 | 6.3 | |
| 35.6 | 25.6 | 16.3 | 28.7 | 41.7 | |
| 18.9% | 29.2% | 27.1% | 28.5% | 26.2% | |
| 28.8 | 18.1 | 11.9 | 20.5 | 30.8 | |
| 3.94 | 2.50 | 1.62 | 2.73 | 4.18 |
Profit & loss
- Sales CAGR 3Y
- +7.0%
- Profit CAGR 3Y
- +24.0%
- EPS CAGR 3Y
- +23.1%
- ROE
- 21.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 941 | 943 | 1,073 | 1,154 | |
| – | +0.2% | +13.7% | +7.6% | |
| 850 | 861 | 966 | 1,022 | |
| 91.2 | 82.7 | 107 | 132 | |
| 9.7% | 8.8% | 10.0% | 11.5% | |
| −2.1 | 8.8 | 8.4 | 11.7 | |
| 14.9 | 20.4 | 20.5 | 22.1 | |
| 17.3 | 15.3 | 17 | 21.5 | |
| −0.1 | 2.3 | −1.1 | 5.8 | |
| 56.8 | 58.3 | 76.9 | 106 | |
| 28.0% | 26.2% | 27.4% | 25.2% | |
| 40.9 | 42.7 | 55.2 | 77.9 | |
| – | +4.6% | +29.2% | +41.0% | |
| 5.78 | 5.92 | 7.70 | 10.79 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 35.3 | 36.3 | 36.3 | 36.3 | |
| 190 | 228 | 281 | 357 | |
| 232 | 217 | 284 | 311 | |
| 140 | 153 | 177 | 193 | |
| 597 | 635 | 779 | 897 | |
| 208 | 216 | 292 | 347 | |
| 20.5 | 22.6 | 41.2 | 34.5 | |
| 0.3 | 0.6 | 1.2 | 1.2 | |
| 6.1 | 5.6 | 4.3 | 8 | |
| 363 | 390 | 440 | 507 | |
| 597 | 635 | 779 | 897 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 20.4 | 69.9 | 35.4 | 78.8 | |
| −29.8 | −26.8 | −82.4 | −70.6 | |
| 4 | −40.9 | 41.6 | −1.2 | |
| −5.4 | 2.3 | −5.4 | 7.1 | |
| −31.3 | −30.8 | −91.4 | −78.4 | |
| −11 | 39.1 | −47.8 | 0.4 | |
| −3.5 | −3.5 | −3.5 | −3.6 |
Shareholding pattern
- Promoters58.42%
- Public41.58%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 58.42% | 41.58% | 0.00 | |
| 30 Jun 2026 | 58.42% | 41.58% | 0.00 | |
| 31 Mar 2026 | 58.42% | 41.58% | 0.00 | |
| 31 Dec 2025 | 58.42% | 41.58% | 0.00 | |
| 30 Sep 2025 | 58.42% | 41.58% | – |
Major shareholders
Filings & events
News
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