Incorporated in 1979 by Mr. Yogesh Kothari, Alkyl Amines is a leading manufacturer of aliphatic amines in India. The company was founded by Yogesh Mathuradas Kothari in 1979 and is headquartered in Mumbai, India. With over four decades of experience in the chemical industry, Alkyl Amines Chemicals has established itself as a prominent player in the specialty chemicals sector.
Aliphatic amines are products derived from Ammonia (NH3) by displacement of H2 in the Ammonia molecule by other radicals (R) such as Methyl, Ethyl, and Propyl. The company has built its expertise around manufacturing these essential chemical compounds that serve as building blocks for various industries.
The company is a leading manufacturer and global supplier of aliphatic amines, amine derivatives, and specialty chemicals. It offers over 100 products and is a global leader in several products, including synthetic Acetonitrile, DMAHCL, Triethylamine, Diethylhydroxylamine, and is the sole global producer of many specialty amines. This extensive product portfolio demonstrates the company's technological capabilities and market reach.
Alkyl Amines Chemicals Limited is an India-based company, which is engaged in the business of manufacturing and marketing various aliphatic amines, amine derivatives, and other specialty chemicals. The Company supplies amines and amine-based chemicals to the pharmaceutical, agrochemical, rubber, chemical, and water treatment industries.
Its products include Methylamine, Ethylamine, Isopropylamine, Propylamines, Cyclohexylamines, Butylamines, Ethylhexylamines, and Furfurylamine. Each of these products serves specific industrial applications. Methylamines are used as ingredients in pharmaceuticals, insecticides, paint removers, surfactants, and rubber chemicals. Isopropylamines are used as ingredients in the life sciences and other specialty areas. Cyclohexylamines are used as ingredients in water treatment and specialty areas like artificial sweeteners.
It exports its products to approximately 10 countries, including Philippines, United States of America, Israel, Norway, Spain, United Kingdom, Switzerland, Belgium, Malaysia, and Middle East countries. This international presence showcases the company's ability to compete in global markets and meet international quality standards.
The company caters to a diverse range of sectors, including pharmaceuticals, agrochemicals, water treatment chemicals, rubber chemicals, mining, foundry chemicals, and surfactants. This diversification across multiple end-user industries provides the company with resilience against sector-specific downturns.
Market Capitalization and Stock Exchange Details:
The company is listed on the Bombay Stock Exchange (BSE) with the code 506767, and also listed on the National Stock Exchange (NSE) with the code ALKYLAMINE. Market cap stands at ₹11,738 Crores as of latest available data.
Recent Financial Results:
- The company reported a 74.23% jump in net profit to ₹47.46 Crore on 17.82% rise in revenue from operations to ₹414.89 Crore in Q2 FY25 over Q2 FY24.
- The company's consolidated net profit declined 7.79% to ₹43.76 Crore in Q3 FY25 as against ₹47.46 Crore posted in Q2 FY25. Revenue from operations slipped 10.53% to ₹371.20 Crore in the December 2024 quarter as against ₹414.89 Crore reported in the preceding quarter of the same year.
- The company reported a 19.69% jump in net profit to ₹46.02 Crore on an 8.25% rise in revenue from operations to ₹386.05 Crore in Q4 FY25 over Q4 FY24.
Key Financial Metrics:
- Revenue: ₹1,572 Crore
- Profit: ₹186 Crore
- Stock P/E: 66.3
- Book Value: ₹274
- Dividend Yield: 0.44%
- ROCE: 18.7%
- ROE: 14.0%
Promoter Holding: 72.0%. This strong promoter holding indicates the confidence of the founding family in the company's prospects and provides stability in management decisions. Promoter holding in Alkyl Amines Chemicals Ltd has gone up to 72.04% as of March 2025 from 71.97% as of June 2024.
The company has delivered a poor sales growth of 9.62% over the past five years. While the long-term growth appears modest, the company has shown resilience in maintaining profitability and expanding its market presence. The recent quarterly results indicate improved operational performance despite some volatility between quarters.
Stock is trading at 8.37 times its book value, which suggests the market values the company's intangible assets, brand recognition, and future growth potential significantly higher than its tangible assets.
The company is part of BSE 500, Nifty 500, BSE SmallCap, BSE Allcap, BSE Commodities, BSE 250 SmallCap Index, BSE 400 MidSmallCap Index, Nifty MidSmallcap 400, Nifty Smallcap 250, Nifty 500 Multicap 50:25:25, Nifty Total Market, Nifty500 Equal Weight, Nifty500 LargeMidSmall Equal-Cap Weighted. This inclusion in multiple indices demonstrates the company's significance in the Indian equity market and provides liquidity for investors.
The chemical industry faces various challenges including raw material price volatility, regulatory changes, and environmental compliance requirements. However, Alkyl Amines Chemicals' established market position, diverse product portfolio, and international presence provide it with competitive advantages to navigate these challenges. The company's focus on specialty chemicals, particularly in high-growth sectors like pharmaceuticals and agrochemicals, positions it well for future growth opportunities.
