Amines & Plasticizers Limited (AMNPLST.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+22.5%

₹175.17

vs ₹142.96 price

Levered DCF

₹73.24

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	19.4×	29.25×	23.42×	16.81×	25.56×	12.96×	4.47×	11.42×
P/B	2.43×	4.64×	4.24×	2.11×	3.76×	3×	1.02×	2.29×
P/S	1.24×	1.81×	1.44×	0.64×	1.08×	0.96×	0.28×	0.42×
EV / EBITDA	11.29×	17.57×	13.67×	10.25×	14.97×	7.82×	3.88×	7.02×
Gross margin	20.5%	25.6%	23.2%	14.1%	14.5%	23.0%	20.5%	17.8%
Operating margin	9.5%	9.6%	9.9%	6.4%	6.5%	10.5%	9.1%	6.2%
Net margin	6.4%	6.2%	6.2%	3.8%	4.2%	7.4%	6.2%	3.6%
Current ratio	3.12×	2.41×	2.18×	1.96×	1.91×	1.67×	1.68×	1.34×
Debt / equity	0.09×	0.3×	0.39×	0.46×	0.44×	0.52×	0.54×	0.96×
Interest coverage	9.91×	6.47×	4.89×	3.8×	4.14×	4.81×	3.83×	3.51×
Dividend yield	0.4%	0.2%	0.3%	0.6%	0.4%	0.0%	3.6%	1.1%
Payout ratio	7.5%	6.7%	6.9%	9.6%	9.2%	0.0%	16.2%	12.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	12.5%	15.9%	18.1%	12.5%	14.7%	23.2%	22.8%	20.1%
Return on invested capital	12.2%	13.8%	15.2%	10.5%	11.2%	15.5%	16.9%	11.0%
Return on assets	8.7%	9.8%	10.2%	6.6%	7.7%	10.7%	10.6%	6.5%
Free cash flow yield	8.5%	2.1%	4.6%	-2.0%	-5.7%	6.6%	3.7%	-2.3%
Earnings yield	5.2%	3.4%	4.3%	5.9%	3.9%	7.7%	22.4%	8.7%
Enterprise value	₹6.8B	₹12.3B	₹9.8B	₹4.6B	₹6.8B	₹4.5B	₹1.7B	₹2.6B
Net debt / EBITDA	-0.43×	0.5×	0.69×	1.74×	1.51×	0.48×	1.3×	1.87×
Cash conversion cycle (days)	106	96	72	84	86	56	74	47