
About Amal Limited
Data last updated:
Amal Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Atul Ltd and recognised as a startup by DPIIT. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 04 July 1974 and has been in existence for over 52 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L24100MH1974PLC017594. Its GSTIN is 24AAACA1041J1ZA (Gujarat). Its shares are listed on BSE: 506597.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹12.36 Cr. It was formerly known as Piramal Rasayan Limited. It is led by directors including Rajeev Kumar (Managing Director) and Sunil Siddharth Lalbhai.
Its last annual general meeting (AGM) was held on 29 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹239.64 Cr, a growth of 77.1% compared to the previous year. For the same year it recorded a net profit of ₹22.38 Cr (net margin 9.3%) and EBITDA of ₹35.67 Cr (EBITDA margin 14.9%). The net worth stands at ₹120.37 Cr (up 21.4% YoY). Total assets are valued at ₹120.56 Cr (up 21.3% YoY).
The company has about 32 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Amal India. As per MCA filings, the company has open charges of ₹7.5 Cr and satisfied charges of ₹83.99 Cr on record. Court records list 48 cases involving the company, including 16 filed by the company and 21 filed against it; 6 cases are pending. The company has 10 deals on record (8 market trades, 2 rights issues); the latest was in March 2023. Its 10 peer companies in the Chemicals industry (Industrial Chemicals) are compared by revenue, 5 larger and 5 smaller; the largest is Nagpur Pyrolusite P Ltd with revenue of ₹139.78 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website amal.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address309 Veer Savarkar Marg Opp. India United Mills Nr. Prabhadevi Telephone Exchange Dadar, (West), Mumbai, Maharashtra, India – 400028
- IndustryChemicals and Materials, Industrial Chemicals
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Amal Limited
The main business activity of Amal is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Amal Limited FY 2025-26 filings available
Amal Limited reported revenue of ₹239.64 Cr (up 77.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 240 | 135 | 86.09 | 61.32 | 43.48 | 30.42 | 32.60 |
| Revenue growth | +77.1% | +57.2% | +40.4% | +41.0% | +42.9% | -6.7% | - |
| EBITDA | 35.67 | 43.31 | 15.36 | (5.60) | 3.95 | 11.25 | 13.92 |
| EBITDA margin | +14.9% | +32.0% | +17.8% | -9.1% | +9.1% | +37.0% | +42.7% |
| Profit before tax | 27.96 | 32.62 | 2.77 | (15.69) | 1.61 | 10.80 | 12.71 |
| Net profit | 22.38 | 29.62 | 1.66 | (16.13) | 1.10 | 8.79 | 8.78 |
| Net profit margin | +9.3% | +21.9% | +1.9% | -26.3% | +2.5% | +28.9% | +26.9% |
| EPS (₹) | 18.11 | 23.69 | 1.38 | (13.03) | 1.18 | 9.33 | 9.75 |
| Balance sheet | |||||||
| Total assets | 121 | 99.36 | 93.76 | 103 | 86.49 | 39.97 | 30.05 |
| Net worth | 120 | 99.18 | 69.89 | 68.38 | 37.07 | 35.98 | 28.73 |
| Total debt | 0.00 | 0.00 | 23.71 | 34.79 | 49.33 | 3.93 | 1.28 |
| Cash & bank | 2.11 | 3.41 | 0.88 | 2.86 | 0.13 | 0.54 | 0.52 |
| Net working capital | 6.82 | (0.66) | 4.80 | 6.44 | 3.21 | 1.01 | 6.16 |
| Cash flow | |||||||
| Cash from operations | 21.70 | 49.71 | 21.16 | (10.42) | (1.49) | 10.47 | 14.50 |
| Cash from investing | (21.77) | (22.01) | (8.73) | (16.03) | (43.37) | (10.81) | (4.65) |
| Cash from financing | (1.32) | (25.17) | (14.42) | 29.19 | 44.45 | 0.35 | (9.43) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96.54 | 75.74 | 62.59 | 54.00 | 47.31 | 38.96 | 45.79 | 30.06 |
| Revenue growth (YoY) | +104.1% | +94.4% | +36.7% | +79.6% | +130.7% | - | - | - |
| Other income | 6.13 | 0.74 | 0.59 | 0.47 | 0.44 | 0.28 | 0.08 | 0.09 |
| EBITDA | 17.09 | 7.35 | 8.08 | 8.60 | 11.63 | 10.48 | 20.40 | 9.34 |
| EBITDA margin | +17.7% | +9.7% | +12.9% | +15.9% | +24.6% | +26.9% | +44.6% | +31.1% |
| Depreciation | 2.35 | 2.35 | 2.32 | 2.30 | 2.34 | 2.32 | 2.29 | 2.30 |
| Interest | 0.00 | 0.14 | 0.23 | 0.14 | 0.14 | 0.17 | 0.24 | 0.91 |
| Profit before tax | 20.87 | 5.60 | 6.12 | 6.63 | 9.59 | 8.27 | 17.95 | 6.22 |
| Tax | 4.15 | 3.69 | 1.10 | 0.57 | 0.19 | 1.50 | 1.41 | 0.70 |
| Net profit | 16.72 | 1.91 | 5.02 | 6.06 | 9.40 | 6.77 | 16.54 | 5.52 |
| EPS (₹) | 13.53 | 1.54 | 4.06 | 4.90 | 7.61 | 5.48 | 13.38 | 4.47 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 84.91 | 48.88 | 31.33 | 39.16 | 43.48 | 30.42 | 32.60 |
| Revenue growth | +73.7% | +56.0% | -20.0% | -9.9% | +42.9% | -6.7% | - |
| EBITDA | 8.15 | 10.93 | 3.62 | (0.20) | 4.15 | 11.30 | 13.92 |
| EBITDA margin | +9.6% | +22.4% | +11.6% | -0.5% | +9.5% | +37.2% | +42.7% |
| Profit before tax | 6.34 | 9.37 | 3.44 | 1.36 | 3.32 | 10.85 | 12.71 |
| Net profit | 4.54 | 7.13 | 2.38 | 0.71 | 2.43 | 8.84 | 8.78 |
| Net profit margin | +5.4% | +14.6% | +7.6% | +1.8% | +5.6% | +29.1% | +26.9% |
| EPS (₹) | 3.67 | 5.56 | 1.96 | 0.59 | 2.58 | 9.38 | 9.75 |
| Balance sheet | |||||||
| Total assets | 99.63 | 96.31 | 89.43 | 87.02 | 38.59 | 37.64 | 30.05 |
| Net worth | 99.52 | 96.22 | 89.33 | 86.90 | 36.78 | 36.09 | 28.73 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.01 | 1.72 | 1.49 | 1.28 |
| Cash & bank | 0.71 | 1.89 | 0.42 | 2.60 | 0.12 | 0.28 | 0.52 |
| Net working capital | (0.32) | (2.42) | (2.05) | 4.13 | (2.51) | 1.26 | 6.16 |
| Cash flow | |||||||
| Cash from operations | 0.16 | 10.44 | 3.34 | (2.34) | 9.80 | 11.40 | 14.50 |
| Cash from investing | (0.14) | (8.95) | (5.51) | (42.52) | (7.52) | (9.63) | (4.65) |
| Cash from financing | (1.30) | (0.01) | (0.01) | 47.35 | (2.44) | (2.01) | (9.43) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 26.75 | 30.02 | 22.01 | 18.58 | 14.30 | 14.53 | 16.13 | 11.35 |
| Revenue growth (YoY) | +87.1% | +106.6% | +36.5% | +63.7% | +108.2% | - | - | - |
| Other income | 0.12 | 0.01 | 0.24 | 0.19 | 0.20 | 0.19 | 0.14 | 0.16 |
| Total expenses | 23.12 | 26.88 | 19.60 | 16.62 | 13.67 | 11.47 | 10.47 | 8.52 |
| EBITDA | 3.63 | 3.14 | 2.41 | 1.96 | 0.63 | 3.06 | 5.66 | 2.83 |
| EBITDA margin | +13.6% | +10.5% | +10.9% | +10.5% | +4.4% | +21.1% | +35.1% | +24.9% |
| Depreciation | 0.49 | 0.49 | 0.46 | 0.45 | 0.42 | 0.39 | 0.40 | 0.40 |
| Interest | 0.00 | 0.14 | 0.20 | 0.14 | 0.14 | 0.14 | 0.16 | 0.14 |
| Profit before tax | 3.26 | 2.52 | 1.99 | 1.56 | 0.27 | 2.72 | 5.24 | 2.45 |
| Tax | 0.83 | 0.72 | 0.53 | 0.46 | 0.07 | 0.71 | 1.40 | 0.69 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96.54 | 75.74 | 62.59 | 54.00 | 47.31 | 38.96 | 45.79 | 30.06 |
| Revenue growth (YoY) | +104.1% | +94.4% | +36.7% | +79.6% | +130.7% | - | - | - |
| Other income | 6.13 | 0.74 | 0.59 | 0.47 | 0.44 | 0.28 | 0.08 | 0.09 |
| EBITDA | 17.09 | 7.35 | 8.08 | 8.60 | 11.63 | 10.48 | 20.40 | 9.34 |
| EBITDA margin | +17.7% | +9.7% | +12.9% | +15.9% | +24.6% | +26.9% | +44.6% | +31.1% |
| Depreciation | 2.35 | 2.35 | 2.32 | 2.30 | 2.34 | 2.32 | 2.29 | 2.30 |
| Interest | 0.00 | 0.14 | 0.23 | 0.14 | 0.14 | 0.17 | 0.24 | 0.91 |
| Profit before tax | 20.87 | 5.60 | 6.12 | 6.63 | 9.59 | 8.27 | 17.95 | 6.22 |
| Tax | 4.15 | 3.69 | 1.10 | 0.57 | 0.19 | 1.50 | 1.41 | 0.70 |
| Net profit | 16.72 | 1.91 | 5.02 | 6.06 | 9.40 | 6.77 | 16.54 | 5.52 |
| EPS (₹) | 13.53 | 1.54 | 4.06 | 4.90 | 7.61 | 5.48 | 13.38 | 4.47 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 240 | 135 | 86.09 | 61.32 | 43.48 | 30.42 | 32.60 |
| Revenue growth | +77.1% | +57.2% | +40.4% | +41.0% | +42.9% | -6.7% | - |
| Other income | 2.25 | 0.53 | 0.17 | 0.83 | 0.31 | 1.24 | 1.74 |
| Total expenses | 204 | 92.01 | 70.73 | 66.92 | 39.53 | 19.17 | 18.68 |
| Employee cost | 6.63 | 5.96 | 5.02 | 3.43 | 2.19 | 1.71 | 1.18 |
| EBITDA | 35.67 | 43.31 | 15.36 | (5.60) | 3.95 | 11.25 | 13.92 |
| EBITDA margin | +14.9% | +32.0% | +17.8% | -9.1% | +9.1% | +37.0% | +42.7% |
| Depreciation | 9.31 | 9.19 | 9.03 | 6.70 | 1.70 | 0.96 | 0.85 |
| Interest | 0.65 | 2.03 | 3.73 | 4.22 | 0.95 | 0.73 | 2.10 |
| Profit before tax | 27.96 | 32.62 | 2.77 | (15.69) | 1.61 | 10.80 | 12.71 |
| Tax | 5.58 | 3.32 | 1.08 | 0.42 | 0.51 | 2.01 | 3.50 |
| Net profit | 22.38 | 29.62 | 1.66 | (16.13) | 1.10 | 8.79 | 8.78 |
| Net profit margin | +9.3% | +21.9% | +1.9% | -26.3% | +2.5% | +28.9% | +26.9% |
| EPS (₹) | 18.11 | 23.69 | 1.38 | (13.03) | 1.18 | 9.33 | 9.75 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 12.36 | 12.36 | 12.36 | 12.36 | 11.15 | 11.15 | 12.63 |
| Reserves & surplus | 108 | 86.82 | 57.53 | 56.02 | 25.92 | 24.83 | 16.10 |
| Shareholders' funds (net worth) | 120 | 99.18 | 69.89 | 68.38 | 37.07 | 35.98 | 28.73 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 19.21 | 29.79 | 49.33 | 2.44 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 4.50 | 5.00 | 0.00 | 1.49 | 1.28 |
| Total debt | 0.00 | 0.00 | 23.71 | 34.79 | 49.33 | 3.93 | 1.28 |
| Total liabilities | 121 | 99.36 | 93.76 | 103 | 86.49 | 39.97 | 30.05 |
| Assets | |||||||
| Gross block | 115 | 109 | 107 | 102 | 19.11 | 12.69 | 11.95 |
| Net block | 76.56 | 80.03 | 86.45 | 90.27 | 14.42 | 9.29 | 9.50 |
| Capital work in progress | 3.16 | 0.50 | 0.68 | 0.84 | 66.50 | 7.36 | 0.05 |
| Investments | 36.64 | 19.66 | 0.73 | 0.43 | 0.43 | 19.55 | 14.83 |
| Inventories | 12.12 | 5.73 | 3.48 | 3.44 | 2.56 | 1.38 | 0.93 |
| Sundry debtors | 19.56 | 9.95 | 5.44 | 4.21 | 1.34 | 4.82 | 7.14 |
| Cash & bank balances | 2.11 | 3.41 | 0.88 | 2.86 | 0.13 | 0.54 | 0.52 |
| Loans & advances | 2.02 | 1.20 | 7.10 | 10.50 | 12.19 | 1.63 | 0.50 |
| Total current assets | 35.81 | 20.29 | 16.90 | 21.01 | 16.22 | 8.37 | 9.09 |
| Total current liabilities | 28.99 | 20.95 | 12.10 | 14.57 | 13.01 | 7.36 | 2.93 |
| Net working capital | 6.82 | (0.66) | 4.80 | 6.44 | 3.21 | 1.01 | 6.16 |
| Total assets | 121 | 99.36 | 93.76 | 103 | 86.49 | 39.97 | 30.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 3.41 | 0.88 | 2.86 | 0.13 | 0.54 | 0.52 | 0.11 |
| Net cash from operating activities | 21.70 | 49.71 | 21.16 | (10.42) | (1.49) | 10.47 | 14.50 |
| Net cash from investing activities | (21.77) | (22.01) | (8.73) | (16.03) | (43.37) | (10.81) | (4.65) |
| Net cash from financing activities | (1.32) | (25.17) | (14.42) | 29.19 | 44.45 | 0.35 | (9.43) |
| Net change in cash | (1.39) | 2.53 | (1.98) | 2.74 | (0.41) | 0.02 | 0.41 |
| Closing cash | 2.11 | 3.41 | 0.88 | 2.86 | 0.13 | 0.54 | 0.52 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +77.1% | +57.2% | +40.4% | +41.0% | +42.9% | -6.7% | - |
| EBITDA growth | -17.6% | +182.0% | +374.3% | -241.8% | -64.9% | -19.2% | - |
| PBT growth | -14.3% | +1077.6% | +9998.0% | - | -85.1% | -15.0% | +9997.0% |
| Net income growth | -24.4% | +1684.3% | +110.3% | -1566.4% | -87.5% | +0.1% | - |
| Revenue CAGR (3Y) | +57.5% | +46.0% | +41.5% | +23.4% | - | - | - |
| EBITDA CAGR (3Y) | - | +122.2% | +10.9% | - | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +9.3% | +21.7% | +2.0% | -26.3% | +2.5% | +28.9% | +28.3% |
| Return on capital employed | +26.0% | +33.5% | +6.2% | 0.0% | +4.1% | +29.0% | +37.8% |
| Return on net worth | +20.4% | +32.0% | +2.2% | 0.0% | +3.2% | +25.4% | +26.5% |
| Debt / equity | 0.00 | 0.14 | 0.42 | 0.80 | 0.73 | 0.08 | 0.04 |
| Long-term debt / equity | 0.00 | 0.11 | 0.31 | 0.61 | 0.58 | 0.04 | 0.00 |
| Interest cover | 2.47 | 5.95 | 58.93 | -34.31 | 42.22 | 7.09 | 16.07 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.13 | 1.25 | 0.83 | 1.02 | 2.73 | 2.47 | 2.73 |
| Inventory turnover | 26.85 | 29.39 | 24.88 | 20.44 | 22.07 | 26.34 | 35.05 |
| Debtors turnover | 16.24 | 17.59 | 17.84 | 22.10 | 14.12 | 5.09 | 4.57 |
| EPS (₹) | 18.11 | 23.69 | 1.38 | (13.03) | 1.18 | 9.33 | 9.75 |
| Dividend per share (₹) | 1.50 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 97.37 | 80.22 | 56.54 | 55.31 | 37.50 | 36.35 | 27.09 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 26.75 | 30.02 | 22.01 | 18.58 | 14.30 | 14.53 | 16.13 | 11.35 |
| Revenue growth (YoY) | +87.1% | +106.6% | +36.5% | +63.7% | +108.2% | - | - | - |
| Other income | 0.12 | 0.01 | 0.24 | 0.19 | 0.20 | 0.19 | 0.14 | 0.16 |
| Total expenses | 23.12 | 26.88 | 19.60 | 16.62 | 13.67 | 11.47 | 10.47 | 8.52 |
| EBITDA | 3.63 | 3.14 | 2.41 | 1.96 | 0.63 | 3.06 | 5.66 | 2.83 |
| EBITDA margin | +13.6% | +10.5% | +10.9% | +10.5% | +4.4% | +21.1% | +35.1% | +24.9% |
| Depreciation | 0.49 | 0.49 | 0.46 | 0.45 | 0.42 | 0.39 | 0.40 | 0.40 |
| Interest | 0.00 | 0.14 | 0.20 | 0.14 | 0.14 | 0.14 | 0.16 | 0.14 |
| Profit before tax | 3.26 | 2.52 | 1.99 | 1.56 | 0.27 | 2.72 | 5.24 | 2.45 |
| Tax | 0.83 | 0.72 | 0.53 | 0.46 | 0.07 | 0.71 | 1.40 | 0.69 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 84.91 | 48.88 | 31.33 | 39.16 | 43.48 | 30.42 | 32.60 |
| Revenue growth | +73.7% | +56.0% | -20.0% | -9.9% | +42.9% | -6.7% | - |
| Other income | 0.64 | 0.62 | 2.04 | 4.03 | 1.82 | 1.24 | 1.74 |
| Total expenses | 76.76 | 37.95 | 27.71 | 39.36 | 39.33 | 19.12 | 18.68 |
| Employee cost | 3.41 | 2.87 | 2.35 | 2.33 | 2.16 | 1.68 | 1.18 |
| EBITDA | 8.15 | 10.93 | 3.62 | (0.20) | 4.15 | 11.30 | 13.92 |
| EBITDA margin | +9.6% | +22.4% | +11.6% | -0.5% | +9.5% | +37.2% | +42.7% |
| Depreciation | 1.82 | 1.60 | 1.64 | 1.59 | 1.70 | 0.96 | 0.85 |
| Interest | 0.63 | 0.58 | 0.58 | 0.88 | 0.95 | 0.73 | 2.10 |
| Profit before tax | 6.34 | 9.37 | 3.44 | 1.36 | 3.32 | 10.85 | 12.71 |
| Tax | 1.80 | 2.50 | 1.03 | 0.64 | 0.89 | 2.01 | 3.50 |
| Net profit | 4.54 | 7.13 | 2.38 | 0.71 | 2.43 | 8.84 | 8.78 |
| Net profit margin | +5.4% | +14.6% | +7.6% | +1.8% | +5.6% | +29.1% | +26.9% |
| EPS (₹) | 3.67 | 5.56 | 1.96 | 0.59 | 2.58 | 9.38 | 9.75 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 12.36 | 12.36 | 12.36 | 12.36 | 9.43 | 11.15 | 12.63 |
| Reserves & surplus | 87.16 | 83.86 | 76.97 | 74.54 | 27.35 | 24.94 | 16.10 |
| Shareholders' funds (net worth) | 99.52 | 96.22 | 89.33 | 86.90 | 36.78 | 36.09 | 28.73 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 1.72 | 1.49 | 1.28 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.01 | 1.72 | 1.49 | 1.28 |
| Total liabilities | 99.63 | 96.31 | 89.43 | 87.02 | 38.59 | 37.64 | 30.05 |
| Assets | |||||||
| Gross block | 27.48 | 22.10 | 21.46 | 19.39 | 19.11 | 12.69 | 11.95 |
| Net block | 16.34 | 12.78 | 13.56 | 13.13 | 14.42 | 9.29 | 9.50 |
| Capital work in progress | 3.04 | 0.25 | 0.05 | 0.00 | 0.04 | 2.62 | 0.05 |
| Investments | 79.92 | 85.70 | 77.72 | 55.43 | 5.43 | 24.34 | 14.83 |
| Inventories | 5.30 | 2.80 | 1.81 | 1.62 | 2.56 | 1.38 | 0.93 |
| Sundry debtors | 9.09 | 4.29 | 3.37 | 2.74 | 1.34 | 4.87 | 7.14 |
| Cash & bank balances | 0.71 | 1.89 | 0.42 | 2.60 | 0.12 | 0.28 | 0.52 |
| Loans & advances | 0.86 | 0.54 | 0.47 | 4.32 | 0.79 | 0.66 | 0.50 |
| Total current assets | 15.96 | 9.52 | 6.07 | 11.28 | 4.81 | 7.19 | 9.09 |
| Total current liabilities | 16.28 | 11.94 | 8.12 | 7.15 | 7.32 | 5.93 | 2.93 |
| Net working capital | (0.32) | (2.42) | (2.05) | 4.13 | (2.51) | 1.26 | 6.16 |
| Total assets | 99.63 | 96.31 | 89.43 | 87.02 | 38.59 | 37.64 | 30.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.89 | 0.42 | 2.60 | 0.12 | 0.28 | 0.52 | 0.11 |
| Net cash from operating activities | 0.16 | 10.44 | 3.34 | (2.34) | 9.80 | 11.40 | 14.50 |
| Net cash from investing activities | (0.14) | (8.95) | (5.51) | (42.52) | (7.52) | (9.63) | (4.65) |
| Net cash from financing activities | (1.30) | (0.01) | (0.01) | 47.35 | (2.44) | (2.01) | (9.43) |
| Net change in cash | (1.28) | 1.47 | (2.19) | 2.49 | (0.16) | (0.24) | 0.41 |
| Closing cash | 0.71 | 1.89 | 0.42 | 2.60 | 0.12 | 0.28 | 0.52 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +73.7% | +56.0% | -20.0% | -9.9% | +42.9% | -6.7% | - |
| EBITDA growth | -25.4% | +201.9% | +1910.0% | -104.8% | -63.3% | -18.8% | - |
| PBT growth | -32.3% | +172.4% | +152.9% | -59.0% | -69.4% | -14.6% | +27.4% |
| Net income growth | -36.3% | +199.6% | +235.2% | -70.8% | -72.5% | +0.7% | - |
| Revenue CAGR (3Y) | +29.4% | +4.0% | +1.0% | +6.3% | +9.8% | -1.3% | +8.2% |
| EBITDA CAGR (3Y) | - | +38.1% | -31.6% | - | -30.4% | -2.7% | +5.5% |
| Profitability & leverage | |||||||
| Net income margin | +5.4% | +14.1% | +7.7% | +1.8% | +5.6% | +29.1% | +28.3% |
| Return on capital employed | +7.1% | +10.7% | +4.6% | +3.6% | +11.2% | +30.1% | +34.5% |
| Return on net worth | +4.6% | +7.4% | +2.8% | +1.2% | +6.8% | +25.5% | +26.5% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.01 | 0.04 | 0.04 | 0.17 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 9.95 | 6.22 | 29.29 | -49.16 | 38.78 | 7.06 | 16.07 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.43 | 2.24 | 1.53 | 2.03 | 2.73 | 2.47 | 2.84 |
| Inventory turnover | 20.97 | 21.21 | 18.27 | 18.74 | 22.07 | 26.34 | 33.27 |
| Debtors turnover | 12.69 | 12.76 | 10.26 | 19.20 | 14.00 | 5.07 | 3.50 |
| EPS (₹) | 3.67 | 5.56 | 1.96 | 0.59 | 2.58 | 9.38 | 9.75 |
| Dividend per share (₹) | 1.50 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 80.50 | 77.83 | 72.26 | 70.30 | 39.02 | 36.46 | 27.09 |
Peer Comparison of Amal Limited
Amal Limited is compared with the companies closest to it by revenue in the Chemicals industry (Industrial Chemicals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Amal Limited this company | ₹239.64 Cr (FY 2026) | •••• | •••• | 77.1% | •••• | Mumbai, Maharashtra, India |
| Nagpur Pyrolusite P Ltd | ₹139.78 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Nagpur, Maharashtra, India |
| Ahir Salt and Allied Products Private Limited | ₹139.55 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Gandhidham, Gujarat, India |
| First Orgacon Private Limited | ₹138.83 Cr (FY 2023) | •••• | •••• | -95.0% | •••• | Mumbai, Maharashtra, India |
| Balaji Chem Solutions Private Limited | ₹138.22 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Sangrur, Punjab, India |
| Vital Chemtech Limited | ₹135.98 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Ahmedabad, Gujarat, India |
| Almega Paints Private Limited | ₹134.97 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Mumbai, Maharashtra, India |
| Dr.Acharya Laboratories Private Limited | ₹131.95 Cr (FY 2025) | •••• | •••• | 225.0% | •••• | Mumbai, Maharashtra, India |
| Global Adsorbents Private Limited | ₹131.81 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Kolkata, West Bengal, India |
| V V F Private Limited | ₹131.46 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Mumbai, Maharashtra, India |
| Dic Ideal Private Limited | ₹130.59 Cr (FY 2019) | •••• | •••• | 22.0% | •••• | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Amal by revenue in the Chemicals industry (Industrial Chemicals), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Amal Limited
Amal Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DELOITTE HASKINS & SELLS LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Amal Limited
Amal has 8 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeev Kumar Also directs: Amal Speciality Chemicals Limited, Atul Products Limited | Managing Director | 24 Mar 2017 | 9 Years 6 Months | Current |
| Sunil Siddharth Lalbhai Also directs: Britannia Industries Ltd, The Bombay Dyeing and Manufacturing Company Limited, Navin Fluorine International Limited and 4 more | Director | 21 Jan 2010 | 16 Years 8 Months | Current |
| Gopi Kannan Rengachari Thirukonda | Director | 21 Jan 2010 | 16 Years 8 Months | Current |
| Jyotin Kantilal Mehta Also directs: Mafatlal Industries Limited, I G Petrochemicals Limited, Westlife Foodworld Limited and 5 more | Director | 22 Apr 2022 | 4 Years 5 Months | Current |
| Mahabaleshwar Ganpat Palekar | Director | 01 Aug 2025 | 1 Years 2 Months | Current |
| Drushti Rahul Desai Also directs: Bansi S Mehta Valuers LLP, Navneet Education Limited, Chemfab Alkalis Limited and 3 more | Director | 01 Feb 2024 | 2 Years 8 Months | Current |
Shareholding Pattern of Amal Limited
Shareholding for the quarter ended Sep 2026: promoters hold 71.40%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 28.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 71.40% | 71.40% | 71.40% | 71.40% |
| Public | 28.60% | 28.60% | 28.60% | 28.60% |
Charges & Borrowings of Amal Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Sep 2021 | Axis Bank Limited | ₹6 Cr | Open |
| 03 Oct 1999 | Gujrat State Financial Corporation Limited | ₹60 Lakh | Open |
| 29 Jan 1980 | Gujrat State Financial Corporation | ₹30 Lakh | Open |
| 03 Oct 1979 | Gujrat Industrial Investment Corporation Limited. | ₹60 Lakh | Open |
| 27 Dec 2002 | Export-Import Bank of India | ₹10 Cr | Satisfied |
Total charge records: 43 View all charges
Deals & Funding of Amal Limited
Amal Limited has 10 deals on record (8 market trades, 2 rights issues); the latest was in March 2023.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Rights issue | ₹160.23 Cr | Investors: Rights Issue Shareholders - Amal Limited |
| Mar 2020 | Market trade | ₹5.94 Cr | Buyer: Aayojan Resources Private Limited , Aagam Holdings Private Limited Seller: Atul Limited |
| Jan 2017 | Market trade | ₹77.6 Lakh | Buyer: Arcadia Share and Stock Brokers Private Limited Seller: Arcadia Share and Stock Brokers Private Limited |
| Apr 2011 | Market trade | ₹75.1 Lakh | Buyer: Aayojan Resources Private Limited , Osia Enterprise Private L Imited Seller: Aagam Holdings Private Limited |
| Mar 2011 | Market trade | ₹33.1 Lakh | Buyer: Suvikas Trading Private Limited , Aayojan Investments Private Limited Seller: Aagam Holdings Private Limited |
Full deal history
All 10 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Amal Limited
Amal Limited has 48 court cases on record: 16 filed by Amal, 21 filed against it, 11 where it is another party. 6 cases are pending and 42 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 34 | 17 | 3 |
| High courts | 14 | 4 | 3 |
Cases on record (5 of 48)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Court case (CMA DC) | Filed by the company against Kirti Infrastructures Limited | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Of Income Tax Recovery | Pending |
| District court, Ahmedabad, Gujarat | Court case (CMA SC) | Filed by the company against Bhavani Sales Corporation | Pending |
| District court, Bharuch, Gujarat | Court case (REFER-T-LC) | Filed against the company by an individual | Pending |
| District court, Valsad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
Full case history
All 48 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with Amal Limited
Amal operates one associated brand: Amal India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sulfur-based products are manufactured and distributed globally. | amal.co.in |
Employees and EPFO Compliance at Amal Limited
Amal Limited has a workforce of 32 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Amal Limited
Amal has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Amal Speciality Chemicals Ltd | U24239GJ2020PLC117229 | - |
Showing major subsidiaries. Total: 1.
CIN History of Amal Limited
Amal has one previous CIN (Corporate Identification Number): U24100MH1974PLC017594. The current CIN is L24100MH1974PLC017594, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24100MH1974PLC017594 | Current |
| U24100MH1974PLC017594 | Previous |
Recent Activity on Amal Limited
Amal Limited has 38 board changes on record since 1986: 24 appointments and 14 cessations. The latest: Mahabaleshwar Ganpat Palekar was appointed as Director on 01 Aug 2025.
124 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Amal Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Amal Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Amal Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Amal Limited
Amal has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACA1041J1ZA | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Amal Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Amal Limited
Frequently Asked Questions about Amal Limited
Amal is an active public limited company based in Mumbai, Maharashtra, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 04 July 1974 (52+ years old) and is registered under CIN L24100MH1974PLC017594. Listed on BSE: 506597.
Amal reported revenue of ₹239.64 Cr for FY 2025-26 (up 77.1% YoY) based on consolidated financials.
Amal has 8 current directors:
- Rajeev Kumar - Managing Director
- Sunil Siddharth Lalbhai - Director
- Gopi Kannan Rengachari Thirukonda - Director
- Jyotin Kantilal Mehta - Director
- Mahabaleshwar Ganpat Palekar - Director
- Drushti Rahul Desai - Director
- Dipali Chirag Sheth - Director
- Venkatraman Srinivasan - Director
The GSTIN of Amal is 24AAACA1041J1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Amal is L24100MH1974PLC017594. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Amal is listed on BSE with code 506597.
Amal has 48 court cases on record: 16 filed by the company and 21 filed against it. 6 are pending. Most are in the district courts.
Amal was incorporated on 04 July 1974, making it 52+ years old. It is registered with the Registrar of Companies, Mumbai.
Amal has 10 deals on record (8 market trades, 2 rights issues); the latest was in March 2023.
The peers of Amal by revenue are Nagpur Pyrolusite P Ltd, Ahir Salt and Allied Products Private Limited, First Orgacon Private Limited, Balaji Chem Solutions Private Limited, Vital Chemtech Limited and 5 more, all in the Chemicals industry (Industrial Chemicals).
Mahabaleshwar Ganpat Palekar was appointed as Director on 01 Aug 2025. Mahalakshmi Subramanian ceased to be Director on 04 Aug 2024. Abhay Rohit Jadeja ceased to be Director on 31 Mar 2024. Amal has 38 board changes on record in total.