Stock Performance and Market Context
On 26 Feb 2026, Amines & Plasticizers Ltd’s stock price touched an intraday low of Rs.155, representing a 2.82% decline on the day. This move extended the stock’s losing streak to two consecutive sessions, during which it has fallen by 4.35%. The stock underperformed the commodity chemicals sector by 3.5% today, highlighting relative weakness amid a broadly mixed market environment.
The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward momentum. This contrasts with the broader market benchmark, the Sensex, which despite a volatile session, remains only 4.76% below its 52-week high of 86,159.02. The Sensex closed marginally lower at 82,246.91, down 0.04%.
Long-Term Price Trends and Valuation
Over the past year, Amines & Plasticizers Ltd has recorded a negative return of 29.21%, significantly underperforming the Sensex’s positive 10.25% gain and the BSE500’s 14.13% return. The stock’s 52-week high was Rs.289, indicating a near 46% decline from that peak. This performance has contributed to a downgrade in the company’s Mojo Grade from Sell to Strong Sell as of 17 Feb 2025, with a current Mojo Score of 23.0.
Valuation metrics reveal a Price to Book Value ratio of 3.3, which is considered expensive relative to the company’s return on equity (ROE) of 13.4%. Despite this premium valuation, the stock trades at a discount compared to its peers’ historical averages, reflecting market caution.
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Financial Performance and Profitability Concerns
The company’s recent quarterly results have contributed to the subdued sentiment. For the quarter ended September 2025, Amines & Plasticizers Ltd reported a net profit after tax (PAT) of Rs.6.17 crores, down 38.0% compared to the average of the previous four quarters. Net sales for the same period declined by 19.7% to Rs.133.14 crores, while PBDIT (profit before depreciation, interest, and taxes) reached a low of Rs.10.79 crores, marking the weakest quarterly operating profit in recent periods.
Over the last five years, the company’s net sales have grown at a modest annual rate of 7.74%, with operating profit growth lagging at just 1.58%. These figures indicate limited expansion and margin pressure within the commodity chemicals segment.
Debt and Capital Structure
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 conservative 0.98 times, suggesting manageable leverage and financial stability in terms of cash flow coverage. This metric is favourable compared to many peers in the commodity chemicals sector, which often carry higher debt burdens.
Market Participation and Institutional Holding
Despite the company’s size and presence in the commodity chemicals industry, domestic mutual funds hold no stake in Amines & Plasticizers Ltd. Given that mutual funds typically conduct thorough on-the-ground research, their absence may reflect reservations about the company’s current valuation or business outlook.
Sector and Market Comparison
The commodity chemicals sector has experienced mixed performance in recent months, with some companies benefiting from cyclical demand and others facing pricing pressures. Amines & Plasticizers Ltd’s underperformance relative to its sector peers and the broader market highlights company-specific challenges that have weighed on investor sentiment.
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Summary of Key Metrics
To summarise, Amines & Plasticizers Ltd’s stock has reached a new 52-week low of Rs.155, reflecting a 29.21% decline over the past year. The company’s financial results have shown contraction in profits and sales, with quarterly PAT down 38.0% and net sales falling nearly 20%. The stock’s valuation remains elevated relative to its ROE, and it trades below all major moving averages, signalling persistent downward pressure.
While the company’s debt levels remain manageable, the absence of domestic mutual fund holdings and the downgrade to a Strong Sell Mojo Grade underscore the cautious stance adopted by market participants. The stock’s underperformance relative to the Sensex and its sector peers further highlights the challenges faced by Amines & Plasticizers Ltd in the current market environment.
Market Outlook and Broader Context
The broader market has shown resilience, with the Sensex maintaining proximity to its 52-week high despite recent volatility. However, Amines & Plasticizers Ltd’s share price trajectory diverges sharply from this trend, emphasising company-specific factors as the primary drivers of its recent lows.
Conclusion
Amines & Plasticizers Ltd’s fall to Rs.155 marks a significant milestone in its share price journey, reflecting a combination of subdued financial performance, valuation concerns, and limited institutional interest. The stock’s current position below all key moving averages and its Strong Sell rating indicate ongoing challenges within the commodity chemicals sector and the company’s operational landscape.
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