Stock Price Movement and Market Context
On 1 Feb 2026, Amines & Plasticizers Ltd’s share price declined sharply, hitting an intraday low of Rs.155.15, representing an 8.47% drop for the day. Despite this, the stock marginally outperformed its sector by 0.63% on the same session. The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a sustained downtrend in price momentum.
The broader market environment has been turbulent, with the Sensex reversing sharply after a positive opening. The benchmark index fell by 1,666.03 points, or 1.88%, closing at 80,722.94. Notably, the NIFTY FMCG index also hit a new 52-week low today, indicating sector-wide pressures. The Sensex itself is trading below its 50-day moving average, although the 50DMA remains above the 200DMA, suggesting mixed medium-term technical signals.
Long-Term Performance and Valuation Metrics
Over the past year, Amines & Plasticizers Ltd has underperformed significantly, with a total return of -37.27%, compared to the Sensex’s positive return of 5.16%. The stock’s 52-week high was Rs.310, highlighting the extent of the decline from its peak. This underperformance is reflective of the company’s modest growth trajectory and valuation concerns.
Financially, the company has exhibited slow growth, with net sales increasing at an annualised rate of 10.54% and operating profit growing at 4.36% over the last five years. Despite this, the company’s return on equity (ROE) stands at a moderate 13.4%, while its price-to-book value ratio is relatively high at 3.5 times. This valuation is considered expensive relative to its historical averages and peers, although the current share price trades at a discount compared to peer valuations.
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Recent Quarterly Financial Results
The company’s latest quarterly results, reported for September 2025, indicate a decline in key financial metrics. Profit after tax (PAT) stood at Rs.6.17 crores, down 38.0% compared to the average of the previous four quarters. Net sales for the quarter were Rs.133.14 crores, a decrease of 19.7% relative to the prior four-quarter average. Operating profit before depreciation and interest (PBDIT) was the lowest in recent periods at Rs.10.79 crores.
These figures highlight a contraction in both top-line and bottom-line performance, contributing to the stock’s downward pressure. Over the past year, the company’s profits have declined by 12.3%, further underscoring the challenges faced in maintaining earnings growth.
Shareholding and Market Perception
Despite the company’s size within the commodity chemicals sector, domestic mutual funds hold no stake in Amines & Plasticizers Ltd. Given that mutual funds typically conduct thorough on-the-ground research, their absence from the shareholding pattern may reflect a cautious stance on the company’s valuation or business prospects at current price levels.
In comparison, the broader BSE500 index has generated a positive return of 5.79% over the last year, emphasising the stock’s relative underperformance within the market.
Debt and Financial Stability
On a positive note, Amines & Plasticizers Ltd maintains a strong ability to service its debt obligations. The company’s debt-to-EBITDA ratio stands at a low 0.98 times, indicating manageable leverage and a stable financial position in terms of debt servicing capacity. This metric suggests that despite the earnings pressures, the company’s balance sheet remains relatively robust.
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Summary of Key Metrics
To summarise, Amines & Plasticizers Ltd’s current market position is characterised by:
- A 52-week low share price of Rs.155.15, down 8.47% intraday on 1 Feb 2026
- A one-year total return of -37.27%, significantly underperforming the Sensex’s 5.16% gain
- Declining quarterly PAT and net sales, with the latest quarter showing a 38.0% and 19.7% drop respectively
- Moderate ROE of 13.4% and a price-to-book ratio of 3.5 times, indicating relatively expensive valuation metrics
- Strong debt servicing capability with a debt-to-EBITDA ratio below 1.0
- Absence of domestic mutual fund holdings, reflecting limited institutional interest
These factors collectively provide a comprehensive view of the stock’s recent performance and valuation context within the commodity chemicals sector.
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