Amines & Plasticizers Ltd

Business overview

• Core products: ethanolamines, alkyl alkanolamines, morpholine derivatives, gas-treating solvents.
• Cater to oil refining, petrochemicals, pharma, agrochemicals, textiles.
• Exports to 85+ countries.
• Capacity: 32,760 MTPA at Turbhe; multi-location manufacturing.
• R&D: DSIR-recognized; 43 new products in five years.

Operational highlights

• FY26 revenue mix: Gas Treating, Alkanolamines, Morpholine contributed meaningfully.
• Unit 01 utilization 85% in FY26; Unit 02 60%; Unit 03 45%.
• Two integrated facilities across 56 acres with expansion potential.
• Q1FY27 revenue ₹150.53 Cr; EBITDA ₹15.14 Cr.
• Q1FY27 EBITDA margin 10.06%.

Financial performance

• FY26 revenue from operations ₹571.03 Cr; FY25 ₹660.73 Cr.
• Total income FY26 ₹571.75 Cr.
• EBITDA ₹60.49 Cr; margin 10.59%.
• Net profit ₹36.53 Cr; EPS ₹6.64.
• Profit before tax ₹49.37 Cr.

Capital structure & liquidity

• Total equity ₹292.26 Cr; long-term borrowings ₹11.56 Cr.
• Current liabilities ₹109.41 Cr; short-term borrowings ₹15.65 Cr.
• Cash and cash equivalents ₹49.22 Cr at FY26 end.
• Operating cash flow positive in FY23–FY26; balance sheet improving.

Strategic priorities & outlook

• FY27 started strong; inventory gains supported profitability.
• Partial plant operations due to fuel/gas constraints; prices passed where possible.
• Firm order book supports profitability; pursuing export opportunities.
• Agreements with two global MNCs to supply formulated solvents.
• No formal guidance provided.

Risks & mitigation

• Geopolitical and supply-chain disruptions affecting inputs and deliveries.
• Rising input costs; some tender pricing fixed; passthrough where feasible.
• Middle East shipments suspended briefly; resumed on no-credit terms.

Governance & leadership

• Board: 6 members; 2 executive, 3 independent; 2 women directors.
• Chairman: Hemant Kumar Ruia; Executive Director: Yashvardhan Ruia.
• Committees: Audit, Stakeholder Relationship, CSR, Nomination & Remuneration.
• DSIR-recognized in-house R&D lab; 43 new products developed.

Dividend record date and e-voting

• Record date: Friday, September 11, 2026 for dividend eligibility.
• Dividend amount: Rs 0.50 per equity share (face Rs 2, 25%).
• Payments to demat holders as of Sept 11; physical transfers by Sept 11.
• Cut-off date for e-voting: Wednesday, September 16, 2026.
• AGM date: September 23, 2026; dividend subject to shareholder approval.
• Dividend payment subject to deduction of tax at source.

Standalone results

• Revenue from Operations: 15,052.51 lakhs.
• Total Income: 15,071.93 lakhs.
• Profit before Tax: 1,278.15 lakhs.
• Tax Expense: 327.34 lakhs.
• Profit for the period: 950.81 lakhs.
• EPS: 1.73.
• Unaudited standalone results; limited review with unmodified opinion.
• Single segment; Ind AS-108 not applicable.
• Results available on amines.com and BSE/NSE.

Consolidated results

• Consolidated Revenue from Operations: 15,052.51 lakhs.
• Consolidated Total Income: 15,072.40 lakhs.
• Consolidated PBT: 1,273.92 lakhs.
• Consolidated Tax Expense: 327.34 lakhs.
• Consolidated Profit for the period: 946.58 lakhs.
• Consolidated EPS: 1.72.
• Unaudited consolidated results; limited review with unmodified opinion.

Board decisions & AGM timeline

• 51st AGM on Sep 23, 2026 via VC/OAVM.
• Record date Sep 11, 2026 for final dividend if approved.
• Cut-off date Sep 16, 2026 for voting.

Meeting Details

• Board meeting scheduled for August 14, 2026; time and venue not disclosed.

Key Agenda Items

• Unaudited standalone and consolidated quarterly results for June 30, 2026, with Limited Review Report.

Other Notes

• Trading window closed till August 16, 2026 following outcome submission.

Dematerialisation confirmation

• Dematerialisation requests processed during the quarter; accepted/rejected by the registrar.
• Securities dematerialised listed on stock exchanges where the issuer's earlier securities are listed.
• Physical certificates for dematerialisation mutilated and cancelled; depository name substituted as registered owner within timelines.

Transfer to IEPF

• Final dividend for FY 2018-19 unclaimed for seven years will be transferred to IEPF on Oct 28, 2026.
• Shares with seven consecutive years of unclaimed dividends will be transferred to IEPF on Oct 28, 2026.
• Notice to shareholders issued July 1, 2026, informing about transfer and claim deadline.

Claim process and deadlines

• Shareholders may claim by Oct 13, 2026, through prescribed forms and entitlement letter.
• For physical shares, duplicate certificates issued; for demat, demat account debited.
• Claims require IEPF-5 web form submission with enumerated supporting documents.
• KYC-compliance required; fund transfers depend on folio being KYC compliant.
• Contacts: Amines & Plasticizers Company Secretary and MUFG Intime for assistance.