NSE: ALKYLAMINE · BSE: 506767
ALKYL AMINES CHEM. LTD
Manufactures aliphatic amines and acetonitrile, selling to pharmaceutical and agrochemical customers from three manufacturing sites. FY26 revenue was ₹1,535.85 crore with an EBITDA margin of 20.6%. Products fall into methylamines (a four-player domestic market after Aarti's entry), ethylamines (a stable duopoly with Balaji) and acetonitrile (where an anti-dumping duty has been approved by the Ministry of Finance). End-market exposure is roughly 55-60% pharma and 15-20% agro, with the remainder spread across other specialty chemical uses. The single largest cost is raw materials (51.5% of revenue), with ammonia — sourced externally — being the key input whose price doubled to over ₹100/kg during FY26. A new product is scheduled to launch in July 2026 from the Dahej plant, and the Kurkumbh project is mechanically complete, with commissioning pushed to early Q1 FY27. FY27-FY28 capex has been guided at ₹80-90 crore, focused on Dahej completion and maintenance. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Methylamines, Ethylamines, Acetonitrile, Other specialty amines / new products. Specialty chemicals manufacturer; aliphatic amines (methylamines, ethylamines) and acetonitrile, asset-light by chemicals standards but exposed to raw-material and capacity-cycle swings.
Exhibit 1: Financial summary, FY19–FY20 (all audited; no estimate years)
| ₹ crore · consolidated | FY19 | FY20 |
|---|---|---|
| Revenue | 846 | 993 |
| EBITDA (ex other income) | 164 | 272 |
| margin % | 19.4 | 27.4 |
| Owners' profit | 0 | 0 |
| EPS, as reported (₹) | 40.26 | 98.71 |
| ROE % · ROCE % | 22.7 · 27.8 | 37.5 · 40.0 |
| Debt / equity (x) | 0.34 | 0.09 |
| Cash from operations | — | — |
| Capex | — | — |
Exhibit 2: Quarterly performance, last 4 quarters
| ₹ crore | Q4 FY19 | Q2 FY20 | Q3 FY20 | Q4 FY20 |
|---|---|---|---|---|
| Revenue | 237 | 235 | 257 | 235 |
| Profit before tax | 30 | 49 | 81 | 61 |
| Net profit | 18 | 55 | 60 | 49 |
| EPS (₹) | 8.61 | 26.93 | 29.62 | 24.13 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PIDILITE INDUSTRIES LTD | 1,42,095 | 53.6 | 12.86 | 37.6 | 22.4 | 28.0 | 14.9 | 28.6 |
| SRF LTD | 69,659 | 32.2 | 4.96 | 21.6 | 13.1 | 13.1 | 13.4 | 25.2 |
| GUJARAT FLUOROCHEM LTD | 47,075 | 76.8 | 5.95 | 37.4 | 7.3 | 8.7 | 13.5 | 27.7 |
| NAVIN FLUORINE INT. LTD | 43,610 | 55.1 | 10.97 | 39.3 | 16.7 | 16.4 | 23.0 | 37.5 |
| AETHER INDUSTRIES LIMITED | 20,905 | 88.6 | 8.51 | 56.8 | 8.9 | 11.4 | — | 33.8 |
| DEEPAK NITRITE LTD | 20,257 | 25.9 | 3.45 | 21.0 | 9.4 | 10.2 | 12.6 | 21.5 |
| AARTI INDUSTRIES LTD | 15,871 | 29.9 | 2.67 | 17.1 | 7.0 | 4.4 | 13.0 | 16.2 |
| FINE ORGANIC IND. LTD. | 15,604 | 35.6 | 5.86 | 25.5 | 15.7 | 20.0 | 15.9 | 28.8 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 18.6 | 23.1 | 34 of 99 | 66% |
| P/B | 15.8 | 2.8 | 97 of 99 | 2% |
| ROCE | 38.3 | 10.1 | 2 of 106 | 99% |
| ROE | 37.5 | 8.1 | 2 of 99 | 99% |
| Debt / Equity | 0.1 | 0.2 | 42 of 99 | 58% |
| EBITDA margin | 29.9 | 15.5 | 10 of 99 | 91% |
| Market cap | 8472 | 699 | 17 of 108 | 85% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · Board meeting on Nov 3, 2026 to approve Q2 FY27 results | results | low | — | — |
| 8 Oct 2026 · Q2 FY27 dematerialisation certificate filed with depositories | compliance | minimal | — | — |
| 7 Oct 2026 · NSE volume query clarification - no undisclosed info | regulatory legal | medium | — | — |
| 6 Oct 2026 · NSE flags unusual trading volume in Alkyl Amines Chemicals | compliance | medium | — | — |
| 30 Sept 2026 · Alkyl Amines notifies physical shareholders about SEBI special re-lodgement window | compliance | minimal | — | — |
| 24 Sept 2026 · Trading Window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 21 Sept 2026 · Postal ballot results: 5 resolutions passed including board re-designations | management changes | high | — | — |
| 17 Sept 2026 · ESOP allotment of 2,047 shares under AACL ESOP 2018 | capital market events | low | — | — |
| 19 Aug 2026 · Newspaper publication of Postal Ballot notice | compliance | minimal | — | — |
| 18 Aug 2026 · Postal Ballot: Re-designation of 4 directors, NED commission approval | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.