Amines & Plasticizers Limited (APL) is a prominent player in India's specialty chemicals sector, engaged in the production of alkyl alkanolamines, morpholine, alkyl morpholine, and gas treating solvents. These chemicals find crucial end-use applications in diverse industries such as oil refineries, natural gas plants, ammonia plants, petrochemical plants, pharmaceuticals, and agrochemicals. Incorporated in 1973 and headquartered in Guwahati, Assam, APL stands as the pioneer and largest producer of Ethanolamines, Alkyl Alkanolamines, Plasticizers, Morpholine, Alkyl Morpholines, and Gas Treating Solvents in India.
The company was set up in technical collaboration with the erstwhile Napthachemie, France (now a part of British Petroleum), with plant engineering done by Ralph M. Parsons, USA. APL operates as an ISO-9001:2015, ISO-14001:2015 & ISO-45001:2018 certified entity, underscoring its commitment to stringent quality, environmental, and occupational health and safety standards.
Amines & Plasticizers manufactures over 60 different varieties of organic chemicals, amines, solvents, and fertilizers. Its main products include Methyl Diethonalamine (MDEA) and N-Methylmorpholine Oxide (NMMO), which are extensively used in petrochemicals, oil refineries, gas plants, and textiles. The company's diverse product range makes it a critical supplier to various sectors of the economy.
In the plasticizers segment, APL manufactures a comprehensive range of products, including Phthalates, Sebacates, Trimellitates, and Acetates. Diversifying its business, the company also ventured into trading of molecular sieves since FY22. These sieves are vital for industrial gases, fuel ethanol production, miscellaneous petrochemicals, oxygen concentrators, drying agents, packaging industries, and polymer processing.
Under the leadership of its chairman and managing director, Hemant Kumar Ruia, Amines & Plasticizers Ltd has established itself as a market leader in its core segments. The company holds a significant market share in its key products, serving approximately 75-80% of the total demand of the Indian market for Ethanolamines and Alkyl Alkanolamines. APL regularly exports its materials to over 35 countries globally, including the USA, Canada, Germany, and Korea, highlighting its strong international presence. The substantial promoter holding of 73.2% reflects the management's strong confidence in the company's future prospects.
For the financial year ended March 2025, Amines & Plasticizers Ltd demonstrated a steady performance. Net profit rose 2.94% to ₹41.00 crores, compared to ₹39.83 crores in the previous year (FY24). Sales increased by 2.12% to ₹660.73 crores in FY25, up from ₹647.01 crores in FY24.
The company's quarterly performance for Q4 FY25 showed a slight decline, with net profit decreasing by 1.00% to ₹12.81 crores, compared to ₹12.94 crores in Q4 FY224. Sales for the quarter also declined by 6.50% to ₹165.81 crores, from ₹177.34 crores in the same period last year. As of May 30, 2025, the company's market capitalization stands at ₹1,244.99 crores.
• Market Capitalization: ₹1,244.99 crores (as of May 30, 2025)
• Annual Revenue (FY25): ₹660.73 crores
• Net Profit (FY25): ₹41.00 crores
• Q4 FY25 Net Profit: ₹12.81 crores
• Q4 FY25 Sales: ₹165.81 crores
• Promoter Holding: 73.2%
• P/E Ratio: 30.09 times
• P/B Ratio: 4.77 times
• Dividend Yield: 0.22%
On May 27, 2025, the Board of Directors recommended a final dividend of ₹0.5 per equity share (25%), subject to shareholder approval.
Amines & Plasticizers Ltd is actively traded on both major Indian exchanges, BSE (Scrip Code: 506248) and NSE (Symbol: AMNPLST). As per Value Research classification, it is considered a Small Cap company. The stock's 52-week performance shows a high of ₹359.95 and a low of ₹180.05, indicating its volatility and trading range over the past year.
The company has been proactive in expanding its operations and capacity. During the financial year 2019-20, APL commissioned an expansion project for its products, significantly increasing its manufacturing capabilities. Further strengthening its strategic position, the company acquired a 26% equity stake in Radiance MH Sunrise Six Pvt Ltd (SPV) in 2024.
APL maintains a strong international presence through its Wholly Owned Subsidiary in RAK Zone, UAE, which holds a general trading license. This international footprint is instrumental in supporting its global export operations to over 35 countries, enhancing its market reach and revenue streams.
Amines & Plasticizers Ltd operates within the Materials sector, specifically the Commodity Chemicals sub-sector. The company holds a specialized niche within the chemicals industry, focusing on products that are essential for a wide array of industrial applications, including oil refining, gas processing, and textile manufacturing.
The company's robust market position in ethanolamines and alkyl alkanolamines, coupled with its strategic diversification into molecular sieves trading and its continuous international expansion, collectively positions it favorably for sustained growth in the dynamic specialty chemicals sector. Its commitment to quality and environmental standards further enhances its long-term viability and competitiveness.
