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Indo Amines Ltd (INDOAMIN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524648 NSE: INDOAMIN Chemicals | Small Cap | Indo Amines Share Price

₹129.80 -1.70 (-1.29%)

As on 08-Jun'26 16:59

Indo Amines Ltd (INDOAMIN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524648 NSE: INDOAMIN Chemicals | Small Cap | Indo Amines Share Price

₹129.80 -1.70 (-1.29%)

As on 08-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹942 Cr.
Current Price
₹129.8
52-Week Low / High
₹82 / 176
TTM EPS
₹11
TTM Sales
₹1,118 Cr.
Book Value per Share
₹53.7
P/E Ratio
11.81
Lower than its 5-year historical median
Industry PE
49.4
Price to Book (P/B)
2.42
Lower than its 5-year historical median
Price to Sales (P/S)
0.84
Lower than its 5-year historical median
EV/EBITDA
8.23
Lower than its 5-year historical median
Dividend Yield
0.43%
Profitability Efficiency
Return on Equity (ROE)
21.49%
Outperforms industry median
Return on Capital Employed (ROCE)
19.48%
Outperforms industry median
Return on Assets (ROA)
8.93%
Operating Profit Margin
10%
Net Profit Margin
5.81%
Gross Profit Margin
7.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
14.21%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
30.42%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
38.51%
Asset Quality
Promoter Holding
58.42%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹359 Cr.
Equity
₹36.3 Cr.
Face Value
₹5
All Time Low / High
₹0.08 / 247.90

Indo Amines stock performance

Key Ratios
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Quality

Somewhat Good

Valuation

Somewhat Undervalued

Price Trend

Strong
Q.1 Is Indo Amines Ltd a good quality company?
Indo Amines 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 Indo Amines Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Indo Amines Ltd vs industry peers?
Indo Amines Ltd revenue CAGR is 17.47%, compared to the industry median CAGR of 7.53%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Indo Amines Ltd?
Promoters hold 58.42% of the Indo Amines Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Indo Amines Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 19.8% 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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.
Indo Amines 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 18.8%24.1%21.2%22.3%11.2%17.7%13.9%16.7%17.7%19.5%-
Value Creation
Index
0.30.70.50.6-0.20.30.00.20.30.4-

Growth Parameters

Sales 2432783475274725397809229251,0571,118
Sales YoY Gr.-14.6%24.8%51.8%-10.4%14.2%44.7%18.2%0.3%14.2%-
Adj EPS 1.32.21.831.54.13.15.55.27.711
YoY Gr.-65.4%-14.4%64.7%-51.5%181%-24%75.2%-4.9%48%-
BVPS (₹) 7.41011.417.218.522.525.730.536.343.453.7
Adj Net
Profit
8.614.412.321.410.429.222.238.93756.280
Cash Flow from Ops. 19.212.710.518.637.553.3-7.419.268.938.6-
Debt/CF from Ops. 2.54.88.373.83-27.8123.17.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 17.8%17.5%10.6%14.2%
Adj EPS 21.9%39.4%35.1%48%
BVPS21.7%18.6%19.1%19.8%
Share Price 20.9% 10.7% 2.9% -18.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
18.524.91721.48.219.912.919.415.619.722.6
Op. Profit
Mgn %
11.712.21110.2910.46.79.28.71010.8
Net Profit
Mgn %
3.55.23.54.12.25.42.94.245.37.1
Debt to
Equity
10.91.11.11.111.11.10.80.90.2
Working Cap
Days
13013813811214014710810711311578
Cash Conv.
Cycle
4145433956584045515418

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2432783475274725397809229251,057
Operating Expenses + 214244309473430483728839844951
Manufacturing Costs413453747681109104112129
Material Costs142179216342293332507627631694
Employee Cost 10121421232327323645
Other Costs 21192637384784756483
Operating Profit 283438544256538381105
Operating Profit Margin (%) 11.7%12.2%11.0%10.2%9.0%10.4%6.7%9.0%8.7%10.0%
Other Income + 1547671041515
Exceptional Items 0000000000
Interest 4681011914172222
Depreciation 12121215191114171517
Profit Before Tax 14212336194335535982
Tax 5691251010151520
Profit After Tax 9151424143325384461
PAT Margin (%) 3.5%5.4%4.1%4.6%2.9%6.1%3.2%4.1%4.8%5.8%
Adjusted EPS (₹)1.32.32.13.42.04.73.55.46.38.5
Dividend Payout Ratio (%)38.30%22.10%23.30%14.60%25.60%11.80%14.20%9.30%8%5.90%

Valuation of Indo Amines - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 496777123132161183217256315
Share Capital 33333335353535353536
Reserves 1633448897125148182221279
Debt +445578120128147187210190248
Long Term Debt13141926355350575776
Short Term Debt314160949294137154133172
Minority Interest0000000000
Trade Payables293863777698124106117124
Others Liabilities 38421722273244495273
Total Liabilities 160202235342363438537583614760

Fixed Assets

Net Fixed Assets +465864115115123180194203257
Gross Block104127145213232251322352375428
Accumulated Depreciation57708198117128142158173170
CWIP 0258245420181932
Investments 5551133356
Inventories2631486276779811499119
Trade Receivables456072117107133185202222276
Cash Equivalents 537751119131512
Others Assets 33423432353833395258
Total Assets 160202235342363438537583614760

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 191311193753-7196939
PBT 14212336194335535982
Adjustment 15141924271727343437
Changes in Working Capital -4-16-19-28-24-61-57-10-60
Tax Paid -5-6-13-14-6-11-9-10-14-19
Cash Flow From Investing Activity + -10-22-21-40-35-50-36-28-24-84
Capex -10-16-21-45-35-49-37-29-24-84
Net Investments -0-6-04-0-200-2-1
Others 0000011111
Cash Flow From Financing Activity + -871421-42513-4343
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0009131567229
Interest Paid -4-4-8-10-11-9-14-17-22-22
Dividend Paid -3-2-3-4-3-5-2-4-4-4
Others -1122625-226217-2039
Net Cash Flow 1-24-1-168-61-2

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)18.5426.1120.0524.5210.9222.7214.6119.1118.7821.49
ROCE (%)18.7724.1121.222.2711.1717.6613.8616.717.7319.48
Asset Turnover Ratio1.771.731.742.061.591.451.952.051.961.9
PAT to CFO Conversion(x)2.110.870.790.792.641.61-0.280.51.570.64
Working Capital Days
Receivable Days55.2060.9063.3057.807375.506161.606669.60
Inventory Days34.4033.2038.3033.804548.2033.6033.7033.2030.50
Payable Days75.4068.4085.4074.8095.8095.9079.7066.9064.4063.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Indo Amines Ltd FAQs

The current trading price of Indo Amines on 08-Jun-2026 16:59 is ₹129.8.

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 07-Jun-2026 the market cap of Indo Amines stood at ₹942.2 Cr

The latest P/E ratio of Indo Amines as of 07-Jun-2026 is 11.81.

The latest P/B ratio of Indo Amines as of 07-Jun-2026 is 2.42.

The 52-week high of Indo Amines is ₹176.0 and the 52-week low is ₹82.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indo Amines is ₹1,118 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indo Amines Ltd is a average quality company.

The key valuation ratios of Indo Amines Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Indo Amines Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Indo Amines Ltd

Indo Amines Ltd. was established in 1979 as Techno Chemical Industries. The major focus of the company was to provide India with import substitues, providing the support & service of just in time supplies of chemicals. Focusing on core chemistries of high pressure hydrogenation, Indo Amines Ltd diversified into fine & speciality chemicals , a growing opportunity to expand.

The company is one of the India’s largest independent manufacturers of fine, specialty and performance chemicals providing a comprehensive package of products and technical services for Indian global markets.

In 1994 Techno Chemical Industries went public to emerge as Indo Amines which had two manufacturing sites focusing on fine & specialty to become one of India's leading manufacturer.

In 2001, Indo Amines had a focus on exports with the expanding market & opportunities which we could foresee for growth.In 2003 , Research & Development took a major lead role. Continuous efforts were being made to bring in Product & Internationally recognized Quality standards.

Indo Amines has developed emulsifiers for obtaining stable emulsion applicable for various industries including petroleum and agrochemicals. These formulations are quaternary ammonium compounds blended with other additives based on the application and the result desired.

Product range of the company includes:

Indo Amines Ltd manufactures various types of fatty amines, amine derivatives that are used by various industries for direct application. Its products also have specialized process application for various industries and their processes. 

Fine chemicals

  • Aliphatic Amines
  • Aromatic Amines
  • Amine Ethoxylates
  • Cycloalkanones
  • Cycloalkanols
  • Halides
  • Alcohols
  • Aliphatic Nitriles
  • Aromatic Nitriles
  • Acids & Esters
  • Bulk Drugs & Advanced Intermediates 
  • Misc.

Speciality chemicals

  • Fatty Acids
  • Fatty Amides
  • Fatty Amines
  • Fatty Diamines
  • Fatty PolyAmines
  • Fatty Tertiary Amines
  • Fatty Ethoxylates
  • Quaternary Ammonium Compounds

Peformance Chemicals  

  • Fertilizers
  • Road Construction
  • Plastics
  • Paper
  • PetroChemicals
  • AgroChemicals
  • Pharma

Custom Synthesis

Achievements/ recognition:

  • Indo Amines Ltd has been awarded a CRISIL rating
  • ISO 9001-2000 certification.
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