Shares of a micro-cap chemical company surged 5 percent after it announced the launch of a new product under its Aliphatic Amines category. The company also revealed plans to supply the product to both domestic and key international markets, including Asia-Pacific, North America, and Europe, boosting investor sentiment.
Price Movement
During Tuesday’s trading session, share price of Indo Amines Ltd reached an intraday high of Rs.143.49 per share, rising 5.7 percent from the previous close of Rs.135.74 per share. The shares have retreated since then and closed at Rs.140.23 apiece.
What Happened
Indo Amines Ltd has announced the launch of its latest product, “Morpholine and Derivatives,” as part of its Aliphatic Amines portfolio. This product will be produced at the company’s established manufacturing unit located in Dhule, Maharashtra. With this launch, Indo Amines aims to strengthen its product offerings and enhance its footprint in the global chemical market.
The company plans to cater to both domestic demand and international markets, with a particular focus on the Asia-Pacific, North America, and Europe regions. This move aligns with Indo Amines’ broader strategy of expanding its export capabilities and tapping into high-growth markets. The introduction of this product is expected to open new revenue streams and further reinforce its position as a leading specialty chemical manufacturer.
Core Operations
Indo Amines Ltd serves a broad spectrum of industries by supplying specialty chemicals used in pharmaceuticals, agrochemicals, petrochemicals, road construction, dyes, and perfumery. Its diverse product range supports essential applications across both domestic and global markets.
The company’s R&D division, recognized by the Department of Scientific and Industrial Research (DSIR), focuses on developing proprietary synthesis processes and novel chemical reactions. This innovation-driven approach helps Indo Amines maintain a competitive edge and adapt to evolving industry demands worldwide.
Financial Overview
Turning to the company’s financials, Indo Amines posted revenue of Rs.259 crore in Q3 FY25, an increase of 34 percent from Rs.194 crore in Q3 FY24. Profit After Tax (PAT) rose to Rs.11 crore, marking an increase of nearly 10 percent from Rs.10 crore recorded in the same period last year.
Important Financial Ratios
The Return on Capital Employed (ROCE) of the company stands at 16.44 percent, while the Return on Equity (ROE) is 17.75 percent. The company’s Price-to-Earnings (P/E) ratio is 17.96, which is lower than the industry average of 53.28. Additionally, the company maintains a stable current ratio of 2.87 and an Earnings Per Share (EPS) of Rs.7.57.
Written by – Siddesh S Raskar
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
