INDOAMIN

Indo Amines share price & financials

Price
₹143.55
Market cap
₹921 Cr
Sector
Chemicals

What Indo Amines does

Indo Amines Limited manufactures Fine Chemicals, Specialty Chemicals, Performance Chemicals, Perfumery Chemicals, Amines & Surfactants, Water Treatment Chemicals, Dyes and Intermediates, and Active Pharmaceutical Ingredients (APIs). Its products are used across pharmaceuticals, agrochemicals, fertilizers, petrochemicals, road construction, pesticides and perfumery applications. The company runs its own in-house R&D team to develop synthesis routes and processes, and exports its output to international markets in addition to serving Indian customers.

Segments

  • Amines & Surfactants
  • Water Treatment Chemicals
  • Pharmaceuticals (APIs)
Manufacturing facilities
5 (Baroda, Dhule, Mahad, Badlapur, Dombivli)
Installed capacity
110,000 MTPA
Product basket
500+
Export countries
70+
International clients
65+
Founded 1994Headquarters Dombivli, Maharashtra Company website

Quarterly results

Q1 FY27: revenue up 30.2%, net profit up 6.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue269 259 285 288 277 +3%277 +7%318 +12%375 +30%
EBITDA24 24 25 31 32 +33%25 +4%34 +36%53 +71%
Net profit14 11 12 29 18 +29%12 +9%21 +75%31 +7%
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 −11.8% 1Y

₹80₹100₹120₹140Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹143.98 on 10 Sept 2025 → ₹126.92. High ₹144.01 (22 Sept 2025), low ₹82.12 (23 Mar 2026).

Financials, as filed

Revenue grew 7.1% a year over 3 years, FY23 to FY26. Operating margin widened to 10.5%.

Year endingFY23FY24FY25FY26
Revenue₹944 Cr₹944 Cr₹1.1k Cr₹1.2k Cr
Operating profit₹88 Cr₹80 Cr₹101 Cr₹122 Cr
Operating margin9.3%8.5%9.4%10.5%
Interest₹17 Cr₹23 Cr₹23 Cr₹24 Cr
Depreciation₹17 Cr₹15 Cr₹16 Cr₹21 Cr
Net profit₹40 Cr₹43 Cr₹56 Cr₹80 Cr
Net margin4.2%4.6%5.2%6.9%
Cash from operations₹20 Cr₹70 Cr₹35 Cr₹79 Cr
Free cash flow₹-10 Cr₹44 Cr₹-48 Cr₹7 Cr
ROCE17.0%17.0%18.0%20.0%
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹35 Cr₹35 Cr₹35 Cr₹36 Cr₹36 Cr₹36 Cr
Reserves₹127 Cr₹152 Cr₹190 Cr₹228 Cr₹324 Cr₹356 Cr
Borrowings₹159 Cr₹207 Cr₹232 Cr₹217 Cr₹307 Cr₹311 Cr
Other liabilities₹131 Cr₹160 Cr₹140 Cr₹153 Cr₹176 Cr₹194 Cr
Total liabilities₹453 Cr₹554 Cr₹597 Cr₹635 Cr₹843 Cr₹897 Cr
Fixed assets₹125 Cr₹182 Cr₹198 Cr₹209 Cr₹268 Cr₹325 Cr
Capital work in progress₹54 Cr₹22 Cr₹20 Cr₹23 Cr₹65 Cr₹31 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹2 Cr₹3 Cr₹3 Cr
Other assets₹274 Cr₹350 Cr₹379 Cr₹401 Cr₹507 Cr₹539 Cr
Total assets₹453 Cr₹554 Cr₹597 Cr₹635 Cr₹843 Cr₹897 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 shrank 4% to 34,114.

Promoters
58.4%
FIIs
0.1%
Public
41.5%

Since Jun 2025

  • FIIs +0.06 pp
  • Public −0.06 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Over this window promoters fell from 66.9% to 58.4% — −8.4 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 66.9%, Public 33.1%.Dec '23: Promoters 66.8%, FIIs 0.1%, Public 33.1%.Mar '24: Promoters 66.8%, FIIs 0.1%, Public 33.2%.Jun '24: Promoters 66.8%, Public 33.3%.Sep '24: Promoters 57.3%, FIIs 0.0%, Public 42.8%.Dec '24: Promoters 57.3%, FIIs 0.2%, Public 42.6%.Mar '25: Promoters 58.4%, FIIs 0.1%, Public 41.5%.Jun '25: Promoters 58.4%, FIIs 0.0%, Public 41.6%.Sep '25: Promoters 58.4%, Public 41.6%.Dec '25: Promoters 58.4%, Public 41.6%.Mar '26: Promoters 58.4%, FIIs 0.0%, Public 41.5%.Jun '26: Promoters 58.4%, FIIs 0.1%, Public 41.5%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Indo Amines above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Techno Securities India Pvt Ltd 11.52%unchanged
Palkar Finance And Consultancy Services Private Ltd 11.48%unchanged
Techno Holdings India Private Limited 10.75%unchanged
Vijay B Palkar 10.36%unchanged
Unigroup Resources Llp 8.43%unchanged
Bharati Vijay Palkar 7.20%unchanged
Palkar Commercials Private Limited 5.61%unchanged
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs 3.95%unchanged
Sangeetha S . 3.44%unchanged
Nandu Hariprasad Gupta 1.66%unchanged
Pramila Nandu Gupta 1.48%unchanged
Santosh Kumar Khemka 1.01%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.

What the price assumes

Attractive

To justify its price of ₹127, this stock must grow earnings at 3% every year for 7 years. Our analysis caps realistic growth at ~16%. At that growth it is worth ₹258 — upside of 103%.

Growth the price implies
2.8% a year
for 7 years, fading to 4%
It has actually compounded at
18.2% a year
net profit, FY23–FY26 · EPS 16.0%
The gap
-0.1 pp
103% downside if it only repeats history
Price today ₹126.92 Value at the reference growth ₹257.64

Change the assumptions yourself →

Learn to analyse Indo Amines

Guides on how to read this kind of business and the numbers that matter.