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Amal Ltd (AMAL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506597 NSE: AMAL Chemicals | Small Cap | Amal Share Price
₹720.80 -7.65 (-1.05%)
As on 18-Sep'26 16:59
Amal Ltd (AMAL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506597 NSE: AMAL Chemicals | Small Cap | Amal Share Price
₹720.80 -7.65 (-1.05%)
As on 18-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹891 Cr.
Current Price
₹720.8
52-Week Low / High
₹408 / 1,010
TTM EPS
₹24
TTM Sales
₹289 Cr.
Book Value per Share
₹110.9
P/E Ratio
30.00
Lower than its 5-year historical median
Industry PE
48
Price to Book (P/B)
6.50
Lower than its 5-year historical median
Price to Sales (P/S)
3.08
Lower than its 5-year historical median
EV/EBITDA
18.12
Lower than its 5-year historical median
Dividend Yield
0.21%
Profitability Efficiency
Return on Equity (ROE)
20.39%
Outperforms industry median
Return on Capital Employed (ROCE)
26.06%
Outperforms industry median
Return on Assets (ROA)
15.94%
Operating Profit Margin
14.9%
Net Profit Margin
9.34%
Gross Profit Margin
15.5%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
73.71%
Operating Profit Growth (1 Year)
-
-17.66%
Net Profit Growth (1 Year)
-
-23.59%
Asset Quality
Promoter Holding
71.35%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹125 Cr.
Equity
₹12.4 Cr.
Face Value
₹10
All Time Low / High
₹0.82 / 1148.00
Check Before You Invest
Quality
Somewhat GoodValuation
FairCheck Valuation charts
Price Trend
Weak
Is Amal Ltd a good quality company?
Amal Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Amal Ltd performance compare with that of its Peers?
Revenue growth of Amal Ltd vs industry peers?
Amal Ltd revenue CAGR is 51.11%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Amal Ltd?
Promoters hold 71.35% of the Amal Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Amal Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 34.9% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Amal Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 120% | 67.9% | 49.3% | 50.9% | 34.3% | 11.2% | 3.6% | 4.6% | 10.7% | 7.1% | - |
| Value Creation Index ⓘ | 7.6 | 3.9 | 2.5 | 2.6 | 1.5 | -0.2 | -0.7 | -0.7 | -0.2 | -0.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 25.7 | 31.6 | 32.9 | 32.6 | 30.4 | 43.5 | 39.2 | 31.3 | 48.9 | 84.9 | 97 |
| Sales YoY Gr. | - | 23% | 3.9% | -0.8% | -6.7% | 42.9% | -9.9% | -20% | 56% | 73.7% | - |
| Adj EPS ⓘ | 11.5 | 9.4 | 7.5 | 8.4 | 8.5 | 2.3 | 0.6 | 1.9 | 5.8 | 3.7 | 5.5 |
| YoY Gr. | - | -18.6% | -20.2% | 13.1% | 1% | -72.5% | -75.2% | 234.5% | 196.9% | -36.3% | - |
| BVPS (₹) ⓘ | -4.5 | 8.3 | 15.7 | 24.6 | 33.1 | 35.4 | 70.3 | 72.3 | 77.8 | 80.5 | 82.5 |
| Adj Net Profit ⓘ | 8.9 | 9.7 | 7.8 | 8.8 | 8.9 | 2.4 | 0.7 | 2.4 | 7.1 | 4.5 | 7 |
| Cash Flow from Ops. ⓘ | 7.3 | 8.3 | 8.8 | 14.5 | 11.4 | 9.8 | -2.3 | 3.3 | 10.4 | 0.2 | - |
| Debt/CF from Ops. ⓘ | 2.1 | 1.6 | 1.3 | 0.3 | 0.3 | 0.2 | -0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 14.2% | 22.8% | 29.4% | 73.7% | ||||
| Adj EPS ⓘ | -11.9% | -15.5% | 85% | -36.3% | ||||
| BVPSⓘ | NA | 19.5% | 4.6% | 3.4% | ||||
| Share Price | 34.9% | 16.2% | 36.8% | -17.4% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -159.6 | 259.6 | 62.2 | 41.9 | 29.5 | 6.8 | 1.2 | 2.7 | 7.7 | 4.6 | 6.7 |
| Op. Profit Mgn % ⓘ | 46.1 | 38.7 | 37.5 | 42.8 | 37.2 | 9.6 | -0.5 | 11.6 | 23.1 | 9.6 | 11.4 |
| Net Profit Mgn % ⓘ | 34.6 | 30.7 | 23.6 | 26.9 | 29.1 | 5.6 | 1.8 | 7.7 | 14.6 | 5.4 | 7 |
| Debt to Equity ⓘ | -4.3 | 1.6 | 0.7 | 0.2 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 57 | 94 | 135 | 154 | 143 | 159 | 250 | 202 | 72 | 65 | 31 |
| Cash Conv. Cycle ⓘ | -14 | 48 | 86 | 69 | 30 | 12 | 12 | 28 | 16 | 22 | 1 |
Valuation of Amal - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|
| Sales | 33 | 30 | 43 | 61 | 86 | 135 | 240 |
| Operating Expenses ⓘ + | 19 | 19 | 40 | 67 | 71 | 92 | 204 |
| Operating Profit ⓘ | 14 | 11 | 4 | -6 | 15 | 43 | 36 |
| Operating Profit Margin (%) | 42.7% | 37.0% | 9.1% | -9.1% | 17.8% | 32.0% | 14.9% |
| Other Income ⓘ + | 2 | 1 | 0 | 1 | 0 | 1 | 2 |
| Interest ⓘ | 2 | 1 | 1 | 4 | 4 | 2 | 1 |
| Depreciation ⓘ | 1 | 1 | 2 | 7 | 9 | 9 | 9 |
| Profit Before Tax ⓘ | 13 | 11 | 2 | -16 | 3 | 33 | 28 |
| Tax ⓘ | 4 | 2 | 1 | 0 | 1 | 3 | 6 |
| Profit After Tax | 9 | 9 | 1 | -16 | 2 | 29 | 22 |
| PAT Margin (%) | 28.2% | 28.9% | 2.6% | -26.3% | 2.0% | 21.7% | 9.3% |
| Adjusted EPS (₹) | 8.9 | 8.5 | 1.1 | -13.0 | 1.4 | 23.7 | 18.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 4.20% | 8.30% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 26 | 34 | 35 | 68 | 70 | 99 | 120 | ||||
| Debt + | 3 | 4 | 42 | 33 | 23 | 0 | 0 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Trade Payables | 2 | 3 | 3 | 4 | 4 | 12 | 18 | ||||
| Others Liabilities ⓘ | 7 | 9 | 21 | 16 | 10 | 13 | 18 | ||||
| Total Liabilities ⓘ | 38 | 51 | 101 | 121 | 107 | 124 | 157 | ||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 9 | 9 | 14 | 90 | 86 | 80 | 77 | ||||
| CWIP ⓘ | 0 | 7 | 67 | 1 | 1 | 0 | 3 | ||||
| Investments ⓘ | 15 | 20 | 0 | 0 | 1 | 20 | 37 | ||||
| Inventories | 1 | 1 | 3 | 3 | 3 | 6 | 12 | ||||
| Trade Receivables | 7 | 5 | 1 | 4 | 5 | 10 | 20 | ||||
| Cash Equivalents | 1 | 1 | 0 | 3 | 1 | 3 | 2 | ||||
| Others Assets ⓘ | 5 | 8 | 16 | 19 | 10 | 5 | 6 | ||||
| Total Assets ⓘ | 38 | 51 | 101 | 121 | 107 | 124 | 157 | ||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 14 | 10 | -1 | -10 | 21 | 50 | 22 |
| Cash Flow From Investing Activity ⓘ + | -5 | -11 | -43 | -16 | -9 | -22 | -22 |
| Cash Flow From Financing Activity ⓘ + | -9 | 0 | 44 | 29 | -14 | -25 | -1 |
| Net Cash Flow ⓘ | 0 | 0 | -0 | 3 | -2 | 3 | -1 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 36.01 | 29.43 | 3.19 | -31.05 | 2.47 | 34.65 | 20.39 | |||
| ROCE (%) | 49.28 | 33.02 | 4.07 | -12.1 | 6.61 | 35.94 | 26.06 | |||
| Asset Turnover Ratio | 0.85 | 0.68 | 0.58 | 0.56 | 0.76 | 1.17 | 1.71 | |||
| PAT to CFO Conversion(x) | 1.56 | 1.11 | -1 | N/A | 10.5 | 1.72 | 1 | |||
| Working Capital Days | ||||||||||
| Receivable Days | 79.90 | 71.70 | 25.70 | 16.20 | 20.40 | 20.70 | 22.40 | |||
| Inventory Days | 10.50 | 13.90 | 16.40 | 17.50 | 14.60 | 12.40 | 13.60 | |||
| Payable Days | 97 | 105.80 | 42 | 27.40 | 34.10 | 46.90 | 31.60 | |||
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Amal Ltd FAQs
The current trading price of Amal on 18-Sep-2026 16:59 is ₹720.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 17-Sep-2026 the market cap of Amal stood at ₹891.1 Cr
The latest P/E ratio of Amal as of 17-Sep-2026 is 131.5.
The latest P/B ratio of Amal as of 17-Sep-2026 is 8.74.
The 52-week high of Amal is ₹1,010 and the 52-week low is ₹408.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Amal is ₹97.36 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Amal Ltd is a average quality company.
The key valuation ratios of Amal Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Amal Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Amal Ltd
Amal was incorporated on July 4,1974. The registered office of the company is located at Prabhadevi Telephone Exchange, Mumbai.
The company has its manufacturing plants at Ankleshwar and Atul in Gujarat, which are not operational since February 2004 except the sulphuric acid/oleum plant where the company undertakes job work. Operations have become unviable due to irrational competition from domestic and international market, labor problems, high operating costs, and revised pollution control norms by the Gujarat Pollution Control Board (GPCB).
The company has been registered with the Board of Industrial and Financial Reconstruction (BIFR), New Delhi as a sick company with effect from July 20, 2006.
Business area of the company:-
The company is engaged in the manufacture of dyes and dye intermediates.
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