MarketFriction

Indo Amines Ltd

NSE INDOAMIN · BSE 524648 · Specialty Chemicals
₹136.52 -3.91%
NSE close2026-10-01
52 week range81.90 - 152.65
Market cap₹1,056 Cr.
P/E13.0
Price band 20% Delivery 51.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales253194253265269259285288277277318375
Expenses233173236237245234261256245252283322
Operating Profit202117282424253132253453
OPM %8%11%7%10%9%9%9%11%12%9%11%14%
Other Income5258520165261
Interest665566666666
Depreciation344444455566
Profit before tax161313261917153626162942
Tax %28%24%27%25%29%33%22%19%29%27%28%26%
Net Profit12109191411122918122131
EPS in Rs1.691.391.292.731.951.561.633.972.491.642.834.24
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2532853555284795417869459431,0791,1601,247
Expenses2222493144734374797348588639781,0371,102
Operating Profit303641554261528780101123144
OPM %12%13%12%10%9%11%7%9%8%9%11%12%
Other Income13477810416152914
Interest44810119141722222424
Depreciation121212152011141715172123
Profit before tax15232538184935575877106112
Tax %38%29%36%34%30%23%33%28%26%27%25%
Net Profit91616251338234143567981
EPS in Rs1.382.462.403.781.925.323.235.726.057.6110.7311.20
Dividend Payout %36%21%21%13%26%10%15%9%8%7%5%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth16%16%7%13%
Compounded Profit Growth23%13%20%24%
Stock Price CAGR19%4%7%7%
Return on Equity19%18%19%20%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital333333333333353535363636
Reserves1217364892102127152190228281356
Borrowings51506291131143159207232217284311
Other Liabilities606781759083131160140153177194
Total Liabilities155167213246346362453554597635779897
Fixed Assets53516470116117125182198209265325
CWIP1-025824542220233531
Investments000000000233
Other Assets102115147171222221274350379401476539
Total Assets155167213246346362453554597635779897
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity23191582739561520703579
Cash from Investing Activity-14-10-23-21-43-36-50-39-30-27-82-71
Cash from Financing Activity-9-971617-3-1324-4142-1
Net Cash Flow10-132059-52-57
Free Cash Flow69-2-14-1626-24-1044-487
CFO/OP123%82%58%47%74%107%107%44%34%101%52%81%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days626678767873897872848689
Inventory Days596066846898968678657388
Days Payable68668010180801138860686766
Cash Conversion Cycle5260645966917176918293111
Working Capital Days-126-3895109117272531
ROCE %14%19%23%22%22%11%19%14%17%17%18%19%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters66.87%66.76%66.76%66.76%57.25%57.25%58.37%58.42%58.42%58.42%58.42%58.42%
FIIs0.00%0.10%0.05%0.00%0.01%0.16%0.11%0.02%0.00%0.00%0.02%0.08%
Public33.13%33.14%33.20%33.25%42.75%42.60%41.53%41.56%41.57%41.58%41.55%41.50%
No. of Shareholders27,98027,48826,48728,48936,31036,26036,44135,70835,59134,67533,81634,114

Fundamentals

Market Cap₹ 1,056 Cr.
Current Price₹ 145
Stock P/E13.0
Book Value₹ 54.0
ROCE18.9 %
ROE19.7 %
Dividend Yield0.34 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)24%
Consolidated figures.
Valuation
Market capRs 991 Cr
Enterprise valueRs 1,280 Cr
P/E (TTM)12.20x
Price to book2.53x
Price to sales0.79x
EV / EBITDA8.06x
EV / EBIT9.41x
EV / sales1.03x
Price to cash flow12.58x
Earnings yield8.20%
Dividend yield0.37%
P/E, 3-year average13.96x
P/B, 3-year average2.42x
P/E, 5-year average16.81x
P/B, 5-year average2.63x
Profitability
Operating margin (excl. other income)10.59%
Operating margin (incl. other income)13.05%
EBITDA margin12.73%
Pre-tax margin9.00%
Net profit margin6.52%
Net margin, latest quarter8.21%
ROE21.96%
ROCE19.91%
ROA9.29%
ROE, 3-year average19.47%
ROCE, 3-year average18.46%
ROA, 3-year average8.02%
ROE, 5-year average18.21%
ROCE, 5-year average17.26%
ROA, 5-year average7.12%
ROIC (approx.)14.93%
Tax rate25.25%
Other income / net worth7.28%
Growth
Sales growth (latest year)7.51%
Profit growth (latest year)40.98%
Sales CAGR, 3 years7.06%
Sales CAGR, 5 years16.49%
Profit CAGR, 3 years24.43%
Profit CAGR, 5 years15.68%
Sales growth QoQ17.96%
Profit growth QoQ49.98%
Sales growth YoY (latest quarter)30.27%
Profit growth YoY (latest quarter)6.66%
Per share
EPS (TTM)Rs 11.19
EPS (latest year)Rs 10.73
EPS (latest quarter)Rs 4.24
EPS, 3-year averageRs 8.08
EPS, 5-year averageRs 6.64
Book value per shareRs 54.05
Sales per shareRs 171.75
Cash flow per shareRs 10.86
Free cash flow per shareRs 0.96
Dividend per share (latest year)Rs 0.50
Dividend per share, 3-year averageRs 0.50
Dividend per share, 5-year averageRs 0.50
Dividends
Dividend payout4.66%
Dividend payout, 3-year average6.57%
Dividend payout, 5-year average8.80%
Efficiency
Asset turnover1.29x
Fixed asset turnover3.57x
Inventory turnover4.96x
Inventory days74 days
Debtor days89 days
Debtors turnover4.12x
Creditor days66 days
Cash conversion cycle111 days
Working capital days31 days
Leverage
Total debtRs 311 Cr
Cash and bankRs 22 Cr
Net debtRs 289 Cr
Debt to equity0.79x
Net debt / EBITDA1.82x
Interest coverage5.72x
Current ratio (filing 2026-03-31)1.30x
Quick ratio (filing 2026-03-31)0.86x
Trade payables (filing 2026-03-31)Rs 134 Cr
Owners' fund to total sources43.72%
Debt to assets34.64%
Cash flow
Cash from Operating Activity (latest year)Rs 79 Cr
Cash from Investing Activity (latest year)Rs -71 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs 7 Cr
Free cash flow (latest year)Rs 7 Cr
FCFE (approx.: FCF + change in debt)Rs 33 Cr
Cash from ops / profit, 5 years0.90x
Sales to cash flow14.72x
Statement figures
Net sales (TTM)Rs 1,247 Cr
Net sales (latest year)Rs 1,160 Cr
Sales (latest quarter)Rs 375 Cr
Operating profit excl. other income (latest year)Rs 123 Cr
Operating profit (latest quarter)Rs 53 Cr
Other income (TTM)Rs 14 Cr
EBITDA (TTM)Rs 159 Cr
PBDT (TTM)Rs 135 Cr
Profit before tax (TTM)Rs 112 Cr
Tax (latest year)Rs 27 Cr
Net profit (TTM)Rs 81 Cr
Net profit (latest year)Rs 78 Cr
Net profit (latest quarter)Rs 31 Cr
Depreciation (TTM)Rs 23 Cr
Depreciation (latest quarter)Rs 6 Cr
Interest (TTM)Rs 24 Cr
Cost of goods sold (latest year)Rs 884 Cr
Total expenditure (latest year)Rs 1,037 Cr
Total income (latest year)Rs 1,188 Cr
Share capitalRs 36 Cr
ReservesRs 356 Cr
Shareholders' fundsRs 392 Cr
Total assetsRs 897 Cr
Net blockRs 325 Cr
Capital work in progressRs 31 Cr
InvestmentsRs 3 Cr
ReceivablesRs 282 Cr
InventoryRs 178 Cr
Other liabilitiesRs 194 Cr
Shares outstanding (crore)7.26
Ownership
Promoter holding58.42% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 12.2 is at the 17th percentile of its own 9.4-year range (median 20.0, low 4.0, high 48.4).
P/B 2.53 is at the 24th percentile (median 3.85).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodINDOAMINNifty 50Difference
1 week+1.5%-2.8% +4.3 pts
1 month+13.3%-6.8% +20.1 pts
3 months+4.3%-7.6% +12.0 pts
6 months+62.1%+0.4% +61.7 pts
1 year-1.8%-9.9% +8.2 pts
2 years-37.5%-13.6% -23.9 pts
3 years+13.6%+14.2% -0.6 pts
5 years+14.7%+27.9% -13.2 pts

Red flags

F-score 7 of 8
lookRegulator order or action Regulator order or action 2026-08-12: Indo Amines Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹375 Cr +30.2% vs Jun 2025. Net profit ₹31 Cr +6.9%.
Against our estimate for Jun 2026: sales +19.2%, profit +50.4% big beat. Our estimate for Sep 2026: sales Rs 335 Cr, profit Rs 22 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-17Dividend - Re 0.50 Per Share
2025-09-17Dividend - Re 0.50 Per Share
2024-09-17Annual General Meeting/Dividend - Re 0.50 Per Share
2023-09-20Annual General Meeting/Dividend - Re 0.50 Per Share
2022-09-02Annual General Meeting/Dividend - Re 0.50 Per Share
DateTypeWhat it says
2026-09-25Shareholder meetingVoting results.
2026-09-24Shareholder meetingProceedings of Annual General Meeting held on September 24, 2026
2026-09-23Reply to Clarification- FinaThe Exchange had sought clarification from Indo Amines Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Ob...
2026-09-03Clarification - Financial ReThe Exchange has sought clarification from Indo Amines Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Ob...
2026-09-02Shareholder meetingNotice of Annual General Meeting to be held on September 24, 2026
2026-09-02Record DateRecord date for the purpose of Dividend is 17-Sep-2026.
2026-08-17Disruption of OperationsIndo Amines Limited has informed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing ...
2026-08-12Board meeting outcomeIndo Amines Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-12Regulatory actionAction(s) taken or orders passed
2026-07-21Regulatory actionIntimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ) regardin...
2026-07-17Shareholder meetingProceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
2026-07-11AppointmentAppointment of Mr. Rahul Chitnis as an Additional (Independent) Director of the company w.e.f. July 15, 2026.
2026-06-17Disclosure under SEBI TakeovAtul Vijay Palkar has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial...
2026-06-17Disclosure under SEBI TakeovRahul Vijay Palkar has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantia...
2026-06-15Disclosure under SEBI TakeovVijay Bhalchandra Palkar has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Subs...
2026-06-15Shareholder meetingNotice of Postal Ballot
2026-06-03Disclosure under SEBI TakeovBharati Vijay Palkar has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substant...
2026-05-26ESOP grantApproval by the Nomination and Remuneration Committee and noting by the board, considered the Grant of 5,60,000 Stock Options under the Indo Amines Li...
2026-05-26Board meeting outcomeIndo Amines Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-21Disclosure under SEBI TakeovTechno Securities (India) Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Boa...
2026-05-21Disclosure under SEBI TakeovPalkar Finance and Consultancy Services Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities an...
2026-05-20Disclosure under SEBI TakeovTechno Holding (India) Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board ...
2026-05-20Disclosure under SEBI TakeovPalkar Commercials Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of I...
2026-05-14Volume querySignificant increase in volume has been observed in Indo Amines Limited. The Exchange, in order to ensure that investors have latest relevant informat...
2026-05-14Volume querySignificant increase in volume has been observed in Indo Amines Limited. The Exchange, in order to ensure that investors have latest relevant informat...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Indo Amines Ltd?

Indo Amines Ltd (INDOAMIN) has a market capitalisation of Rs 1,056 Cr. at the 2026-10-01 close.

What is the P/E ratio of Indo Amines Ltd?

Indo Amines Ltd trades at a P/E of 13.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Indo Amines Ltd's latest quarterly results?

In the Jun 2026 quarter, Indo Amines Ltd sales was Rs 375 Cr (+30.2% vs Jun 2025) and net profit was Rs 31 Cr.

What is the 52-week high and low of Indo Amines Ltd?

The 52-week high is Rs 152.65 and the 52-week low is Rs 81.90.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03