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Amtech Esters Ltd (544920)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544920 NSE: Plastic Products | Small Cap | Amtech Esters Share Price
₹120.60 0.87 (0.73%)
As on 01-Oct'26 16:59
Amtech Esters Ltd (544920)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544920 NSE: Plastic Products | Small Cap | Amtech Esters Share Price
₹120.60 0.87 (0.73%)
As on 01-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹106 Cr.
Current Price
₹120.6
52-Week Low / High
₹95 / 124
TTM EPS
₹4.8
TTM Sales
₹40.7 Cr.
Book Value per Share
₹42.4
P/E Ratio
25.22
Industry PE
36.1
Price to Book (P/B)
2.84
Price to Sales (P/S)
2.62
EV/EBITDA
14.29
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
24.52%
Outperforms industry median
Return on Capital Employed (ROCE)
28.72%
Outperforms industry median
Return on Assets (ROA)
13.82%
Operating Profit Margin
18.4%
Net Profit Margin
10.53%
Gross Profit Margin
17.8%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
34.62%
Operating Profit Growth (1 Year)
-
15.05%
Net Profit Growth (1 Year)
-
12.93%
Asset Quality
Promoter Holding
45.52%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹29 Cr.
Equity
₹8.8 Cr.
Face Value
₹10
All Time Low / High
₹95.00 / 123.00
Check Before You Invest
Quality
Not GoodValuation
NACheck Valuation charts
Price Trend
Weak
Is Amtech Esters Ltd a good quality company?
Amtech Esters Ltd is a quality company, based on a 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 Amtech Esters Ltd performance compare with that of its Peers?
Revenue growth of Amtech Esters Ltd vs industry peers?
Amtech Esters Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of Amtech Esters Ltd?
Promoters hold 45.52% of the Amtech Esters Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Amtech Esters Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% 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.
Amtech Esters Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 11.1% | 11% | 26.5% | 18.9% | - |
| Value Creation Index ⓘ | NA | NA | 0.9 | 0.4 | - |
Growth Parameters ⓘ |
|||||
| Sales ⓘ | 21.5 | 22.2 | 22.3 | 30.1 | 30 |
| Sales YoY Gr. | - | 3.3% | 0.5% | 34.6% | - |
| Adj EPS ⓘ | 0.5 | 0.9 | 1.4 | 3 | 2.2 |
| YoY Gr. | - | 89.8% | 45.2% | 122.2% | - |
| BVPS (₹) ⓘ | 10.6 | 13.5 | 18 | 21 | 0 |
| Adj Net Profit ⓘ | 0.3 | 0.6 | 0.9 | 1.9 | 2 |
| Cash Flow from Ops. ⓘ | 2.8 | -2.3 | 9.1 | 0.9 | - |
| Debt/CF from Ops. ⓘ | 0.4 | -0.4 | 0.5 | 4.4 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 11.8% | 34.6% | ||||
| Adj EPS ⓘ | NA | NA | 82.9% | 122.2% | ||||
| BVPSⓘ | NA | NA | 25.6% | 17% | ||||
| Share Price | - | - | - | - | ||||
Key Financial Parameters ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 4.7 | 8.2 | 8.6 | 15.4 | 21.2 |
| Op. Profit Mgn % ⓘ | 1.5 | 4 | 4.7 | 11 | NAN |
| Net Profit Mgn % ⓘ | 1.3 | 2.7 | 3.9 | 6.4 | 6.6 |
| Debt to Equity ⓘ | 0.2 | 0.1 | 0.4 | 0.3 | - |
| Working Cap Days ⓘ | 0 | 103 | 222 | 257 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 28 | 34 | 20 | 0 |
Valuation of Amtech Esters - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|
| Sales | 25 | 37 | 41 |
| Operating Expenses ⓘ + | 23 | 30 | 33 |
| Operating Profit ⓘ | 2 | 7 | 7 |
| Operating Profit Margin (%) | 6.7% | 17.6% | 18.4% |
| Other Income ⓘ + | 3 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 1 | 1 |
| Profit Before Tax ⓘ | 3 | 5 | 6 |
| Tax ⓘ | 1 | 1 | 1 |
| Profit After Tax | 3 | 4 | 4 |
| PAT Margin (%) | 11.6% | 10.3% | 10.5% |
| Adjusted EPS (₹) | 4.4 | 5.8 | 6.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 12 | 15 | 20 | ||||||||
| Debt + | 4 | 4 | 3 | ||||||||
| Minority Interest | 0 | 0 | 0 | ||||||||
| Trade Payables | 4 | 4 | 7 | ||||||||
| Others Liabilities ⓘ | 5 | 4 | 4 | ||||||||
| Total Liabilities ⓘ | 25 | 28 | 34 | ||||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 8 | 10 | 10 | ||||||||
| CWIP ⓘ | 1 | 1 | 2 | ||||||||
| Investments ⓘ | 0 | 0 | 1 | ||||||||
| Inventories | 3 | 3 | 5 | ||||||||
| Trade Receivables | 5 | 7 | 10 | ||||||||
| Cash Equivalents | 4 | 2 | 2 | ||||||||
| Others Assets ⓘ | 5 | 4 | 5 | ||||||||
| Total Assets ⓘ | 25 | 28 | 34 | ||||||||
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 2 | 3 | 4 |
| Cash Flow From Investing Activity ⓘ + | -1 | -3 | -4 |
| Cash Flow From Financing Activity ⓘ + | 3 | -1 | -1 |
| Net Cash Flow ⓘ | 4 | -1 | -1 |
| PARTICULARS | Mar'24 | Mar'25 | Mar'26 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 24.5 | 28.11 | 24.52 | |||||||
| ROCE (%) | 23.74 | 31.63 | 28.72 | |||||||
| Asset Turnover Ratio | 1 | 1.41 | 1.31 | |||||||
| PAT to CFO Conversion(x) | 0.67 | 0.75 | 1 | |||||||
| Working Capital Days | ||||||||||
| Receivable Days | 69.30 | 57.20 | 76.80 | |||||||
| Inventory Days | 39.30 | 30.10 | 36.20 | |||||||
| Payable Days | 79.90 | 57.90 | 72.10 | |||||||
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Announcements
Amtech Esters Ltd FAQs
The current trading price of Amtech Esters on 01-Oct-2026 16:59 is ₹120.6.
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 30-Sep-2026 the market cap of Amtech Esters stood at ₹106.5 Cr
The latest P/E ratio of Amtech Esters as of 30-Sep-2026 is 53.97.
The latest P/B ratio of Amtech Esters as of 30-Sep-2026 is 0.00.
The 52-week high of Amtech Esters is ₹123.7 and the 52-week low is ₹95.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Amtech Esters is ₹30.06 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Amtech Esters Ltd is a below average quality company.
No data found
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Amtech Esters Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Amtech Esters Ltd
Amtech Esters was incorporated as Private Limited Company under the name and style of ‘Amtech Esters Private Limited’ on May 21, 2002. Later, the company was converted to the Public Limited Company under the name and style of ‘Amtech Esters Limited’ on December 12, 2023 pursuant to special resolution passed by the shareholders at the AGM held on September 30, 2023.
The company is engaged in the B2B business of manufacturing of Unsaturated Polyester Resins (UPRs) and trading in their complementary products like fiber resin, hardners & silicons and other ancillary products. By offering these complementary products along with its manufactured UPRs, the company is able to provide customers with an integrated sourcing solution rather than a single-product offering. It also enables the company to serve customers across different stages of the resin and FRP value chain, from base resin requirements to curing, reinforcement, finishing and application-specific consumables.
Further, its wholly owned subsidiary, Croda Pigments (CPPL) is into the business of manufacturing pigments which are used as colourants and additives in various industrial and household products. CPPL operates in a vertically aligned line of business, complementing and expanding the company’s operations. The company’s product portfolio consists of polyester resin, fibreglass of different variants, hardener, silicons and pigments used in paints, varnishes, dyes, glue gums and allied chemical applications.
Business area of the company
The company is engaged in the B2B business of manufacturing of Unsaturated Polyester Resins and trading in their complementary products like fiber resin, hardners & silicons and other ancillary products.
Business verticals of the company
Manufacturing Vertical
- Unsaturated Polyester Resins: The company manufactures a diversified range of polyester resin grades, each formulated to meet specific performance requirements across industrial, commercial and household applications.
- Pigments: The company’s wholly owned subsidiary, CPPL is engaged in the business of manufacturing pigments, which are used as colouring and additive materials in various resin-based, industrial and household applications.
Trading vertical
- Trading: The company’s trading vertical, comprising fiber resin products, hardeners, ancillary products and silicone-based products, complements its manufacturing vertical of UPRs and enables it to offer a wider and more integrated product portfolio to its customers.
History and milestones
- 2002: Incorporation of the company as ‘Amtech Esters Private Limited’.
- 2023: Conversion of the company from Private Limited to Public Limited.
- 2023: Acquired subsidiary by the name of ‘Croda Pigments Private Limited’.
- 2026: Croda Pigments Private Limited became wholly owned subsidiary of the company.
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