Amines & Plasticizers Limited (AMNPLST)

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Amines & Plasticizers Limited (AMNPLST) · mywealthgrid

About

Amines & Plasticizers Limited operates in commodity chemicals, specifically amines and plasticizers, within the Materials sector's Chemicals & Petrochemicals industry. With a market cap of ₹1,061.78 Cr and quarterly revenues of ₹130–155 Cr (standalone), it is a mid-sized player in a price-sensitive, commoditized market. Operating margins and earnings are inherently cyclical, swinging sharply with input costs and customer pricing dynamics.

Face value: ₹2

Market cap

₹910 Cr

P/E

23.6×

P/B

3.1×

Dividend yield

0.6%

ROE

13.3%

ROCE

18.5%

Debt / equity

0.09

OPM

10.5%

EPS (TTM)

₹7.0

Book value

₹53.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Margin volatility: operating profit margin swung from 15.13% (Mar 2026) to 8.1% (Sep 2025), exposing earnings to commodity input-cost swings
Valuation mismatch: PE of 29.07 significantly exceeds ROE of 13.26%, suggesting growth expectations that margin recovery alone may not justify
Governance deficit: 73.17% promoter concentration paired with 0% FII and 0% DII participation limit independent oversight and institutional validation
Negative sentiment: 1y return of –9.29% reflects market headwinds; verify where company sits in commodity-chemical cycle

Generated analysis · source review pending

Growth drivers

Margin recovery potential: Q4 FY26 OPM of 15.13% vs Q2–Q3 lows (8–9%); if sustained, profit grows even on flat revenue
Balance-sheet deployment capacity: D/E of 0.09 indicates minimal leverage; verify planned capex or M&A to expand revenue beyond current ₹130–155 Cr quarterly level
Stable cash generation: Annual dividends paid throughout cycle (Sep 2025, Sep 2024, prior years) indicate operating cash flow; verify whether EPS improvement translates to higher shareholder returns

Generated analysis · source review pending

2,229 historical price candles were omitted because the exchange source has not been verified.

₹165.4-2.8%1Y

Quick read

rule-based

Pros

+High return on capital employed of 24.3%
+Profit CAGR of 15.3% over the last 3 years
+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 10×
+High promoter holding of 73.2% with no pledge

Cons

−Modest revenue growth of 0.5% a year over the last 3 years

Research score

Structured signal from quality, growth, valuation and momentum.

54/100

Business quality: 51
Growth: 47
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2024	Mar 2025	Mar 2026
	442	563	647	661	571
COGS	284	403	440	446	382
Gross profit	158	160	207	214	189
	106	120	137	145	130
	53	40	69	69	60
OPM %	12%	7.1%	10.7%	10.5%	10.5%
Depreciation	4	4	5	6	6
Interest	10	9	13	10	5
	5	5	3	1	1
Profit before tax	44	32	54	55	49
Tax	11	8	14	14	13
Tax %	25.8%	25.8%	25.7%	25.3%	26%
	33	24	40	41	37
PAT margin %	7.4%	4.2%	6.2%	6.2%	6.4%
EPS (₹)	—	—	7.2	7.5	6.6
EPS adjusted (₹)	5.9	4.3	7.2	7.5	6.6
	—	—	6.9%	6.7%	7.5%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	11	11	1	1	11	11	11	11	11	11	11
Reserves	30	30	1	7	71	130	151	—	209	248	281
Minority interest	—	0	66	74	26	0	0	—	—	0	0
	57	57	6	15	76	74	72	—	85	77	27
	42	42	116	155	48	91	76	—	84	81	103
Total equity & liabilities	140	140	190	252	232	305	310	—	389	416	422
	—	35	4	75	0	73	84	80	80	80	76
CWIP	0	0	1	0	11	11	3	—	3	0	0
Investments	0	0	0	0	0	0	0	—	1	1	2
	139	105	185	176	221	221	223	—	305	335	344
Total assets	140	140	190	252	232	305	310	—	389	416	422

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	35.8%	28.4%	31.9%	32.4%	33.2%
EBITDA margin %	12%	7.1%	10.7%	10.5%	10.5%
EBIT margin %	11%	6.4%	9.9%	9.6%	9.5%
PAT margin %	7.4%	4.2%	6.2%	6.2%	6.4%
Working capital
Receivable days	73	66	55	74	89
Inventory days	69	78	74	70	79
Payable days	95	54	55	46	60
NWC days	48	90	75	98	109
Leverage
Current ratio	1.67	1.91	2.18	2.41	3.12
Debt to EBITDA	1.39	1.79	1.23	1.12	0.46
Debt to equity	0.52	0.44	0.39	0.3	0.09
Interest coverage	5.6	4.7	5.1	6.6	10
Asset turnover	1.45	1.82	1.66	1.59	1.35
Return ratios
Return on assets %	10.7%	7.7%	10.2%	9.8%	8.7%
Return on capital employed %	30.6%	22.2%	29.9%	24.4%	18.5%
Return on equity %	23.2%	14.7%	18.1%	15.9%	12.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.17%	73.17%	73.17%	73.17%	73.17%	73.17%	73.17%	73.17%	73.17%	73.17%	73.17%	73.17%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	26.83%	26.83%	26.83%	26.83%	26.83%	26.83%	26.83%	26.83%	26.83%	26.83%	26.83%	26.83%
No. of shareholders	—	—	—	—	—	—	—	—	9,794	9,873	9,541	9,460

Promoter holding up 0 percentage points since Sep 2023.

Mr. HEMANT KUMAR RUIAExecutive Director-Chairperson related to Promoter-CEO-MD
Pramod SharmaChief Financial Officer
Mr. YASHVARDHAN RUIAExecutive Director
Mr. NIKUNJ SURESHCHANDRA SEKSARIANon-Executive - Independent Director
Mr. PRAGYAN VIVEK PITTIENon-Executive - Independent Director
Ms. DHANYASHREE ABHAY JADEJANon-Executive - Independent Director
Ms. NIMISHA MINESH DUTIANon-Executive - Non Independent Director
Mr. Omkar Chandrakant MhamunkarCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Amines & Plasticizers Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

29 announcementsExport CSV

28 Sept 2026, 3:29 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

1 Sept 2026, 1:03 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

31 Aug 2026, 5:58 pmCompany Update

Letter Sent To The Concerned Shareholders Providing Web-Link, Including Exact Path, For Accessing The Annual Report 2025-26

General PDF

31 Aug 2026, 5:27 pmOthers

Business Responsibility and Sustainability Reporting (BRSR)

Business Responsibility and Sustainability Reporting (BRSR) PDF

31 Aug 2026, 4:24 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

31 Aug 2026, 3:20 pmAGM/EGM

Notice Of The 51St Annual General Meeting Of The Company Scheduled To Be Held On Wednesday, September 23, 2026 At 4:00 P.M. (IST) Through Two Way VC/ OAVM

AGM PDF

27 Aug 2026, 12:33 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

26 Aug 2026, 6:23 pmCompany Update

Intimation Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 - Intimation To Concerned Shareholders Holding Securities In Physical Form For Updation Of PAN And Other KYC Details.

General PDF

Date	Category	Subject	Filing
28 Sept 2026, 3:29 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
1 Sept 2026, 1:03 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication

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Ratio	Mar 2021	Mar 2022	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	35.8%	28.4%	31.9%	32.4%	33.2%
EBITDA margin %	12%	7.1%	10.7%	10.5%	10.5%
EBIT margin %	11%	6.4%	9.9%	9.6%	9.5%
PAT margin %	7.4%	4.2%	6.2%	6.2%	6.4%
Working capital
Receivable days	73	66	55	74	89
Inventory days	69	78	74	70	79
Payable days	95	54	55	46	60
NWC days	48	90	75	98	109
Leverage
Current ratio	1.67	1.91	2.18	2.41	3.12
Debt to EBITDA	1.39	1.79	1.23	1.12	0.46
Debt to equity	0.52	0.44	0.39	0.3	0.09
Interest coverage	5.6	4.7	5.1	6.6	10
Asset turnover	1.45	1.82	1.66	1.59	1.35
Return ratios
Return on assets %	10.7%	7.7%	10.2%	9.8%	8.7%
Return on capital employed %	30.6%	22.2%	29.9%	24.4%	18.5%
Return on equity %	23.2%	14.7%	18.1%	15.9%	12.5%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Deepak Fertilizers And Petrochemicals Corporation LimitedDEEPAKFERTDEEPAKFERT	₹16,417 Cr	₹21,903 Cr	₹12,104 Cr	₹2,016 Cr	14.6%	₹984 Cr	6.4%	12.6%	11.3%	55
Tata Chemicals LimitedTATACHEMTATACHEM	₹15,487 Cr	₹23,488 Cr	₹15,120 Cr	₹1,711 Cr	12.4%	₹-2,165 Cr	-11.8%	2.9%	-8.9%	113
Gujarat Narmada Valley Fertilizers And Chemicals LimitedGNFCGNFC	₹8,655 Cr	₹8,655 Cr	₹8,410 Cr	₹1,241 Cr	11.3%	₹1,037 Cr	10.4%	10.6%	9.1%	81
TANFAC Industries LtdTANFACINDTANFACIND	₹6,909 Cr	₹7,002 Cr	₹711 Cr	₹112 Cr	15.8%	₹70 Cr	9.9%	27.7%	20.5%	112
Gujarat Alkalies And Chemicals LimitedGUJALKALIGUJALKALI	₹4,430 Cr	₹4,998 Cr	₹4,498 Cr	₹510 Cr	9.3%	₹66 Cr	-0.1%	1.6%	-0%	25
Grauer & Weil India LimitedGRAUWEILGRAUWEIL	₹3,709 Cr	₹3,717 Cr	₹1,134 Cr	₹188 Cr	16.6%	₹69 Cr	13.9%	23%	18%	72
Ghcl LimitedGHCLGHCL	₹3,700 Cr	₹3,762 Cr	₹3,064 Cr	₹689 Cr	22.5%	₹472 Cr	15.4%	17%	13.4%	126
J.g.chemicals LimitedJGCHEMJGCHEM	₹2,392 Cr	₹2,399 Cr	₹1,071 Cr	₹96 Cr	8.4%	₹75 Cr	7.1%	18.2%	13.3%	101
Thirumalai Chemicals LimitedTIRUMALCHMTIRUMALCHM	₹1,764 Cr	₹3,857 Cr	₹1,832 Cr	₹20 Cr	-2%	₹-152 Cr	-9.7%	-3.3%	-12.3%	14
Ig Petrochemicals LimitedIGPLIGPL	₹1,754 Cr	₹2,110 Cr	₹2,073 Cr	₹207 Cr	4.9%	₹82 Cr	0.1%	3.2%	0.2%	23
Indo Borax & Chemicals LimitedINDOBORAXINDOBORAX	₹1,507 Cr	₹1,507 Cr	₹232 Cr	₹52 Cr	20.5%	₹56 Cr	23.3%	15.5%	15.1%	110
Innovassynth Technologies (India) LtdINOVSYNTHINOVSYNTH	₹1,462 Cr	₹1,466 Cr	₹0 Cr	₹-0 Cr	—	₹-5 Cr	—	-1.1%	-12%	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	12	10	22	10	31	44	-27	-5	47	29	66
	-0	-5	-4	-16	-17	-6	-4	2	-1	-3	-1
	-12	-5	-14	12	-22	6	-13	0	-16	-20	-58
Net cash flow	—	—	—	—	—	44	-43	—	30	6	7
Free cash flow	11	4	13	1	20	33	-35	-7	43	26	66
CFO / Operating profit %	—	—	—	—	—	82.4%	-66.1%	—	67.8%	42.2%	111.1%

Amines & Plasticizers Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Announcements

16

1

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

Amines & Plasticizers Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Announcements

Ratio timeline

Dividends16

Board meetings1

Stock splits1

Quarterly record

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

16

1

1