Indo Amines Ltd.

•

indoaminesltd.comBSE: 524648NSE: INDOAMIN

Market Cap₹ 921 Cr.

Current Price

High / Low₹ 149 / 82

Stock P/E11.3

Book Value₹ 58

Price to Book2.64

Dividend Yield0.39 %

ROCE18.4 %

ROE19.3 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2014 • Organic Chemicals, & Speciality Chemicals: 45.6% • Fatty Amines, QuarternaryAmmoniumCompounds: 31.3% • Bulk Drugs & Intermediates for pharmaceutical: 11.5%

AI Sector View

AI GENERATED

Chemicals

Hold

The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.

Confidence

55%

View full sector analysis →

PROS

Company has delivered good profit growth of 34.3% CAGR over last 5 years
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 17.6% CAGR over last 5 years
Attractively priced for its growth - PEG of 0.3
Company has a consistent dividend-paying track record

CONS

Promoter holding has decreased over last 2 years: -8.3pp
Total debt has risen sharply - up 31.1% year on year
Though reporting repeated profits, the company pays out little dividend (6.6%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsChemicals

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	SOLARINDS	22307.50	101.37	201860.69	0.05	666.37	88.98	3668.20	70.26	38.16	27.91
2.	PIDILITIND	1567.45	60.23	159547.55	1.37	8835.10	1202.86	45515.50	1112.74	32.38	26.28
3.	SRF	2483.00	34.05	73602.28	0.36	758.87	75.53	5033.26	34.63	14.21	24.57
4.	FLUOROCHEM	4771.75	85.23	52417.67	0.06	219.00	19.02	1588.00	23.97	9.58	26.83
5.	NAVINFLUOR	8541.10	55.49	43822.77	0.18	243.31	107.67	1045.08	44.07	21.39	34.17
6.	GODREJIND	1127.00	32.29	37963.11	0.00	523.36	-27.85	5448.09	22.16	10.64	12.82
7.	AETHER	1672.95	94.41	22204.70	0.00	62.75	33.45	326.56	27.49	11.65	31.47
8.	DEEPAKNTR	1587.10	27.64	21646.94	0.47	345.01	207.36	2577.60	36.39	11.58	20.96
9.	ATUL	6244.55	23.11	18385.05	0.48	253.93	91.85	1847.95	25.03	15.05	21.41
10.	AARTIIND	492.15	33.62	17851.59	0.20	155.00	260.47	2387.00	42.42	6.95	16.00
11.	DEEPAKFERT	1320.45	17.00	16725.20	0.76	490.04	100.95	3256.26	22.47	12.12	25.96
12.	INDOAMIN	126.85	11.33	920.77	0.39	30.76	6.64	374.64	30.27	18.36	14.09

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	244	253	194	253	265	269	259	285	288	277	277	318	375
	222	233	173	236	237	245	234	261	256	245	252	283	334
Operating Profit	22	20	21	17	28	24	24	25	31	32	25	34	40
OPM %	8.88%	8.02%	10.66%	6.89%	10.39%	8.93%	9.43%	8.70%	10.89%	11.54%	9.11%	10.78%	10.74%
	4	5	2	5	8	5	2	0	16	5	2	6	1
Interest	6	6	6	5	5	6	6	6	6	6	6	6	6
Depreciation	4	3	4	4	4	4	4	4	5	5	5	6	6
Profit before Tax	17	16	13	13	26	19	17	15	36	26	16	29	42
Tax %	26.74%	27.65%	24.52%	27.24%	24.69%	28.94%	32.56%	22.23%	18.87%	29.23%	27.13%	28.50%	26.21%
Net Profit	0	0	0	0	19	14	11	12	29	18	12	21	31
	1.66	1.75	1.28	1.31	2.63	1.91	1.52	1.68	3.94	2.50	1.62	2.73	4.19

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	253	286	355	528	479	541	786	945	944	1,079	1,247
	222	250	315	473	437	479	734	858	864	978	1,115
Operating Profit	30	36	41	55	42	61	52	87	79	101	132
OPM %	11.92%	12.53%	11.40%	10.46%	8.80%	11.35%	6.64%	9.22%	8.42%	9.38%	10.56%
	1	5	4	7	7	8	10	4	16	15	15
Interest	4	6	8	10	11	9	14	17	22	22	24
Depreciation	12	12	12	15	20	11	14	17	15	17	23
Profit before Tax	15	23	25	38	18	49	35	57	58	77	112
Tax %	38.13%	29.05%	36.65%	33.61%	30.13%	23.49%	33.22%	28.02%	26.26%	27.36%	27.62%
Net Profit	9	16	16	25	13	37	23	41	43	56	81
EPS	0.00	0.00	0.00	0.00	0.00	10.69	3.26	5.78	6.03	7.61	—
Dividend Payout %	36.19%	20.65%	21.39%	14.07%	27.58%	10.27%	15.49%	8.74%	8.30%	6.57%	—

COMPOUNDED SALES GROWTH

10 Years:: 17%
5 Years:: 18%
3 Years:: 11%

COMPOUNDED PROFIT GROWTH

10 Years:: 27%
5 Years:: 35%
3 Years:: 34%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 2%
1 Year:: -11%

RETURN ON EQUITY

10 Years:: 20%
5 Years:: 19%
3 Years:: 19%
Last Year:: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	33	33	33	35	35	35	35	35	35	36
Minority Interest	0	0	0	0	-1	-0	0	0	0	1
	17	36	48	90	100	127	152	190	228	281
	50	62	91	131	143	159	207	232	195	254
Trade Payables	30	40	63	77	67	104	126	104	118	128
	35	38	9	11	15	25	34	35	58	80
Total Liabilities	165	209	244	344	360	450	554	597	633	779
	51	63	70	116	117	125	182	198	209	265
Capital Work in Progress	0	2	5	8	24	54	22	21	23	35
	0	0	0	0	0	0	0	0	2	3
	27	33	52	66	82	88	123	136	114	140
	0	0	0	0	0	0	0	0	217	255
Cash & Bank	6	5	8	10	10	15	24	18	20	15
	81	105	109	145	127	168	203	225	48	66
Total Assets	165	209	244	344	360	450	554	597	633	779

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	25	21	19	41	45	65	27	30	70	35
Cash from Investing	-10	-23	-21	-43	-36	-50	-39	-30	-27	-82
Cash from Financing	-9	7	16	17	-3	-1	32	4	-41	42
	0	-1	3	2	0	5	9	-5	2	-5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	66.76	57.25	57.25	58.37	58.42	58.42	58.42	58.42	58.42
	0.00	0.01	0.16	0.11	0.02	0.00	0.00	0.02	0.08
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	33.24	42.74	42.59	41.52	41.55	41.58	41.58	41.56	41.50

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Clarification - Financial Results

2026-09-03 - The Exchange has sought clarification from Indo Amines Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited.

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Indo Amines Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-02

Shareholders meeting

2026-09-02 - Indo Amines Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026

2026-09-02

Record Date

2026-09-02 - Indo Amines Limited has informed the Exchange that Record date for the purpose of Dividend is 17-Sep-2026.

2026-09-01

Copy of Newspaper Publication

2026-09-01 - Indo Amines Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-17

Disruption of Operations

2026-08-17 - Indo Amines Limited has informed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ) related to Mahad Manufacturing Unit incident.

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Indo Amines Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-12

Outcome of Board Meeting

2026-08-12 - Indo Amines Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-12

Action(s) taken or orders passed

2026-08-12 - Indo Amines Limited has informed the Exchange about Action(s) taken or orders passed

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