506597
Amal financials
- Market cap
- ₹916 Cr
- Sector
- Chemicals
What Amal does
Amal Ltd manufactures and markets bulk chemicals — sulphuric acid and oleum — along with downstream products sulphur dioxide and sulphur trioxide, from its plant in Ankleshwar, Gujarat. The Company operates exclusively in the bulk chemicals segment, supplying customers comprising users and channel partners across multiple industries. It has a wholly-owned subsidiary, Amal Speciality Chemicals Ltd, incorporated on October 12, 2020.
Segments
- Bulk chemicals
- Manufacturing facilities
- 2 (Ankleshwar, Gujarat)
- Products manufactured
- 6
- Team strength
- 89
- Customers served
- 72
- Suppliers
- 415
- Industries served
- 8
Quarterly results
Q1 FY27: revenue up 87.1%, net profit up 1178.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11 | 16 | 15 | 14 | 19 +64% | 22 +36% | 30 +107% | 27 +87% |
| EBITDA | 3 | 6 | 3 | 1 | 2 −31% | 2 −57% | 3 +3% | 4 +485% |
| Net profit | 2 | 4 | 2 | 0 | 1 −38% | 1 −62% | 2 −10% | 2 +1179% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −17.3% 1Y
1Y: ₹898.45 on 10 Sept 2025 → ₹743.3. High ₹982.2 (13 Oct 2025), low ₹413.15 (30 Mar 2026).
Financials, as filed
Revenue grew 11.5% a year over 3 years, FY23 to FY26. Operating margin widened to 9.6%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹61 Cr | ₹31 Cr | ₹49 Cr | ₹85 Cr |
| Operating profit | ₹-6 Cr | ₹4 Cr | ₹11 Cr | ₹8 Cr |
| Operating margin | -9.1% | 11.6% | 22.3% | 9.6% |
| Interest | ₹4 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Depreciation | ₹7 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Net profit | ₹-16 Cr | ₹2 Cr | ₹7 Cr | ₹5 Cr |
| Net margin | -26.3% | 7.8% | 14.1% | 5.3% |
| Cash from operations | ₹-2 Cr | ₹3 Cr | ₹10 Cr | ₹0 Cr |
| Free cash flow | ₹-3 Cr | ₹1 Cr | ₹9 Cr | ₹-6 Cr |
| ROCE | 3.6% | 4.5% | 11.1% | 7.1% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹9 Cr | ₹9 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹25 Cr | ₹27 Cr | ₹75 Cr | ₹77 Cr | ₹101 Cr | ₹87 Cr |
| Borrowings | ₹3 Cr | ₹2 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹7 Cr | ₹8 Cr | ₹8 Cr | ₹9 Cr | ₹25 Cr | ₹17 Cr |
| Total liabilities | ₹45 Cr | ₹47 Cr | ₹95 Cr | ₹99 Cr | ₹139 Cr | ₹117 Cr |
| Fixed assets | ₹9 Cr | ₹14 Cr | ₹13 Cr | ₹14 Cr | ₹78 Cr | ₹16 Cr |
| Capital work in progress | ₹3 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹3 Cr |
| Investments | ₹24 Cr | ₹5 Cr | ₹55 Cr | ₹78 Cr | ₹31 Cr | ₹80 Cr |
| Other assets | ₹8 Cr | ₹27 Cr | ₹27 Cr | ₹7 Cr | ₹28 Cr | ₹18 Cr |
| Total assets | ₹45 Cr | ₹47 Cr | ₹95 Cr | ₹99 Cr | ₹139 Cr | ₹117 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count grew 18% to 17,632.
- Promoters
- 71.3%
- DIIs
- 0.0%
- Public
- 28.6%
Since Jun 2025
- Public −0.02 pp
- Promoters +0.01 pp
- DIIs +0.01 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 71.3%, DIIs 0.0%, Public 28.6%.Dec '23: Promoters 71.3%, DIIs 0.0%, Public 28.7%.Mar '24: Promoters 71.3%, DIIs 0.0%, Public 28.6%.Jun '24: Promoters 71.3%, DIIs 0.0%, Public 28.7%.Sep '24: Promoters 71.3%, DIIs 0.0%, Public 28.6%.Dec '24: Promoters 71.3%, DIIs 0.0%, Public 28.6%.Mar '25: Promoters 71.3%, DIIs 0.0%, Public 28.6%.Jun '25: Promoters 71.3%, DIIs 0.0%, Public 28.6%.Sep '25: Promoters 71.3%, DIIs 0.0%, Public 28.6%.Dec '25: Promoters 71.3%, DIIs 0.0%, Public 28.6%.Mar '26: Promoters 71.3%, DIIs 0.0%, Public 28.6%.Jun '26: Promoters 71.3%, DIIs 0.0%, Public 28.6%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Amal above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Atul Finserv Limited | 48.48% | unchanged |
| Aagam Holdings Private Limited | 16.01% | unchanged |
| Aayojan Resources Private Ltd | 4.17% | unchanged |
| Atul Limited | 1.38% | unchanged |
| Adhinami Investments Private Limited | 0.39% | unchanged |
| Aagam Agencies Pvt Ltd | 0.29% | unchanged |
| Sunil Siddharth Lalbhai (On behalf of Vimla Siddharth Family Trust) | 0.22% | unchanged |
| Akshita Holdings Private Limited | 0.13% | unchanged |
| Vimlaben S Lalbhai | 0.09% | unchanged |
| Anusandhan Investments Limited | 0.07% | unchanged |
| Swati Siddharth Lalbhai (On behalf of Siddharth Family Trust) | 0.05% | unchanged |
| Sunil Siddharth Lalbhai | 0.04% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Amal
Guides on how to read this kind of business and the numbers that matter.