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Companies›Commodities›Chemicals›Chemicals & Petrochemicals
NSE:AMAL

AMAL LTD.

Chemicals › Chemicals & Petrochemicals
₹578.25
at close · 28 Oct 2026
▲ 10.25 (+1.80%)

Latest filings

  1. Q2 FY26 standalone net profit jumps nearly 4 times YoY to ₹401 lakh · Results
  2. Amal Ltd Q2 FY26 results revenue up 146 percent YoY profit triples · Results
  3. Routine demat confirmation under SEBI Reg 74(5) for Q2 FY27 · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures bulk and specialty chemicals, with most operations housed in subsidiary Amal Speciality Chemicals Limited. Materials account for 73% of revenue, and sulphur is a key raw material whose prices spiked 164% in FY26, compressing EBITDA margin from 32% to 16%. The standalone entity operates a sulphur dioxide (SO2) plant, and the subsidiary received a Rs 5.61 cr GST incentive in Q1 FY27. Operations remain debt-free with Rs 38 cr cash surplus, and the dividend was raised to 15% from 10% for FY26. Customers are industrial buyers of bulk and specialty chemicals; specific end-markets are not disclosed in the filings.

Operating scale
SO2 plant capacity
45 tpdFY26
SO2 expansion target
105 tpdOver 2 years
Capex approved for SO2 expansion
Rs 12 crFY27
Consolidated revenue
Rs 239.64 crFY26
Standalone revenue
Rs 84.91 crFY26
Net profit
Rs 22.38 crFY26
Who pays it
Industrial buyers of bulk and specialty chemicals; specific end-markets not disclosed in filings
Biggest cost
Sulphur raw material, which spiked 164% in FY26 and accounts for the bulk of the 73% materials share of revenue
Kind of business
Cyclical, commodity-linked specialty chemicals manufacturer
Where it sits
Part of the Lalbhai Group; debt-free with Rs 38 cr cash surplus; consolidated operations dominated by subsidiary Amal Speciality Chemicals Ltd
Market Cap
₹715 Cr
P / E (TTM)
31.9×
EV / EBITDA
18.8×
Div Yield
0.17%
Growth
51.1%▲
Revenue 5y CAGR
PAT +20.5% · EBITDA +24.9%
Quality
7.3%·
ROCE (5y median)
ROE 3.1% (5y median) · margin 15.8%
Leverage
0.00·
Debt / Equity · low
Net cash ₹2.02 Cr
Revenue FY21→FY26
7.9×▲
Margin −19.6 pts
₹30 Cr → ₹240 Cr
Cash conversion
2.10×▲
Operating cash ÷ profit · 5 yrs
₹81 Cr on ₹38 Cr
Where it sits among 107 Specialty Chemicals peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#64/99
P/B#80/99
ROCE#13/106
ROE#15/99
Debt / Equity#1/99
EBITDA margin#71/99
Revenue growth#8/94
Profit growth#86/92

Scorecard

Measured from the filed financials, judged against its Specialty Chemicals peers · as of FY26 — not investment advice

Strengths
Revenue compounding 51% a year over 5 years
Profit compounding 21% a year over 5 years
No borrowings on the balance sheet
lower than 86% of its 99 Specialty Chemicals peers
Over 5 years it reported ₹38 Cr of profit and ₹81 Cr of operating cash — 2.10×
Profit is converting into cash
Concerns
Erratic profits — up in only 2 of the last 5 years
Returns on capital 7.3% (5-year median)
#13 of 106 in Specialty Chemicals on the latest reported figures · down from 29.2% in FY21
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

AMAL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from AMAL LTD.'s filed financials and exchange disclosures

What does AMAL LTD. do?

AMAL LTD. is a Chemicals & Petrochemicals company listed on NSE and BSE, trading under the symbol AMAL.

Is AMAL LTD. profitable?

Yes. Over the trailing twelve months AMAL LTD. reported a net profit of ₹22 Cr on revenue of ₹240 Cr.

Does AMAL LTD. pay a dividend?

Yes. The dividend yield is 0.17% at the current price. It paid out 6% of its profit as dividend in FY26.

Is AMAL LTD. debt-free?

Yes. It reported no borrowings on its 31 Mar 2026 balance sheet, and ₹2.02 Cr of cash.

Is AMAL LTD. expensive compared with its peers?

On trailing P/E, AMAL LTD. ranks 64 of 99 in Specialty Chemicals — cheaper than 36% of them, against an industry median of 23.1×. This is a position, not a valuation judgement.

Where can I track AMAL LTD.'s announcements?

Every NSE and BSE filing by AMAL LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.