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30 Aug 2025 |
Alkyl Amines Chemicals
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Consensus Share Price Target
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2005.50 |
2423.50 |
- |
20.84 |
hold
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15 Aug 2025
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Alkyl Amines Chemicals
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Motilal Oswal
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2005.50
|
2270.00
|
2073.30
(-3.27%)
|
13.19 |
Neutral
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Alkyl Amines Chemicals (AACL) reported a muted operating performance in 1QFY26 as EBITDA declined 3% YoY. Gross margin contracted 120bp YoY to 45.8%.
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23 Jun 2025
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Alkyl Amines Chemicals
|
Motilal Oswal
|
2005.50
|
2110.00
|
2159.60
(-7.14%)
|
Target met |
Neutral
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AACL’s management remains cautiously optimistic, leveraging strong domestic leadership and expanded capacities (DEK, DMA) to drive scalable growth.
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12 May 2025
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Alkyl Amines Chemicals
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Motilal Oswal
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2005.50
|
1640.00
|
1718.00
(16.73%)
|
-18.22 |
Neutral
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Alkyl Amines Chemicals (AACL)’s 4QFY25 revenue increased 8% YoY to INR3.9b. The growth was mainly volume-driven, though the company continues to face pricing pressure.
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09 Apr 2025
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Alkyl Amines Chemicals
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Motilal Oswal
|
2005.50
|
1610.00
|
1677.30
(19.57%)
|
-19.72 |
Neutral
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The anti-dumping duty (ADD) on Acetonitrile (ACN) imports from China, Russia, and Taiwan may offer Alkyl Amines Chemicals (AACL) a margin and market share upside from 2HFY26.
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26 Jan 2025
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Alkyl Amines Chemicals
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Motilal Oswal
|
2005.50
|
1900.00
|
1741.60
(15.15%)
|
Target met |
Neutral
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Alkyl Amines Chemicals (AACL)’s 3QFY25 revenue increased 15% YoY to INR3.7b. The growth was mainly volume-driven, though the company continues to face pricing pressure from Chinese players.
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12 Aug 2024
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Alkyl Amines Chemicals
|
Motilal Oswal
|
2005.50
|
1955.00
|
2056.30
(-2.47%)
|
Target met |
Neutral
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Alkyl Amines (AACL)’s 1QFY25 revenue declined 2% YoY to INR4b, with gross margin of 47% (up 230bp YoY) and EBITDAM of 19.8%.
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20 Jun 2024
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Alkyl Amines Chemicals
|
Motilal Oswal
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2005.50
|
2010.00
|
2104.00
(-4.68%)
|
Target met |
Neutral
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AACL focuses on product innovation, waste reduction, and environmental impact, with plans to triple its R&D team and implement a new by-product isolation process in FY25. The company has increased R&D expenses, from 0.43% of revenue in FY19 to 0.65% in FY24 (INR93m), to strengthen its leadership in amines.
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11 May 2024
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Alkyl Amines Chemicals
|
Motilal Oswal
|
2005.50
|
2010.00
|
1976.90
(1.45%)
|
Target met |
Neutral
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AACL’s 4QFY24 revenue declined 14% YoY to INR3.6b, with agrochemicals seeing destocking and pharma witnessing demand stabilization. Sales volumes increased from the pharma sector. Gross margin expanded 270bp YoY to 49.2%, while EBITDAM expanded 50bp to 19.3% in 4Q. PAT declined 21% YoY to INR385m (our est. INR314m)
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10 Jan 2020
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Alkyl Amines Chemicals
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HDFC Securities
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2005.50
|
1790.00
|
1256.30
(59.64%)
|
Target met |
Buy
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Chemicals: Alkyl Amines stands out Oil & Gas: CGD to shine
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08 Nov 2019
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Alkyl Amines Chemicals
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HDFC Securities
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2005.50
|
1770.00
|
1015.20
(97.55%)
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Target met |
Buy
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(1) Backed by robust demand by the Pharma industry, (2) 15kTPA capacity addition of Methyl Amines at Dahej, and (3) Enhanced Acetonitrile capacity by 15kTPA to 33, will help AACL garner market share. With strong return ratios (RoIC of >25% over FY20-22E) and attractive valuations (trading at 13.3/11.6 FY21/22E EPS), Alkyl Amines is our top pick in the Chemicals space. We maintain BUY on AACL post a beat on our EBITDA estimates in 1HFY20. We bump-up our EBITDA margins by ~200-300bps over FY20-22 to factor in AACLs enhanced bargaining power and improved product mix. Our revised target price is Rs 1,770 (22x Sep-FY21 EPS).
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07 Aug 2019
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Alkyl Amines Chemicals
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HDFC Securities
|
2005.50
|
1369.00
|
777.70
(157.88%)
|
Target met |
Buy
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High intrinsic profitability (RoIC 20%+), market share gains in Methyl Amines, and a prudent management make AACL an attractive bet at 13.6/11.6 FY21/22E EPS. While margins may remain flat as Methyl Amines share in the mix rises, fresh capacities of Amine Derivatives will help them recover. We value AACL at 22x Jun-21E EPS and maintain BUY with a TP of Rs 1,369. Post a blowout (but unsustainable) performance in 1QFY20, we maintain faith in Alkyl Amines owing to the upcoming expansion in Methyl Amines. Maintain BUY
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23 May 2019
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Alkyl Amines Chemicals
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HDFC Securities
|
2005.50
|
1313.00
|
790.00
(153.86%)
|
Target met |
Buy
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Strong return ratios (RoIC to improve from 18.9% in FY19 to 19.8% in FY21E), gain in market share in Methyl Amines and its derivatives and a prudent management make AACL an attractive bet at current valuations (trading at 13.4 FY21E EPS). We are valuing AACL at 22x Mar'21E EPS and maintain a BUY rating with a TP of Rs 1,313. Strong return ratios (RoIC to improve from 18.9% in FY19 to 19.8% in FY21E), gain in market share in Methyl Amines and its derivatives and a prudent management make AACL an attractive bet at current valuations (trading at 13.4 FY21E EPS). We are valuing AACL at 22x Mar'21E EPS and maintain a BUY rating with a TP of Rs 1,313. Despite an underwhelming Q4FY19 performance, we urge investors to keep their faith intact in AACL owing to the (1) Impending gain in market share in the Methyl Amines space, (2) Expanding margins as the share of derivatives in the total product mix increases. Maintain BUY
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31 Jan 2019
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Alkyl Amines Chemicals
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HDFC Securities
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2005.50
|
1306.00
|
752.50
(166.51%)
|
Target met |
Buy
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We are valuing AACL at 22x Dec'20 EPS and maintain a Buy rating with a TP of Rs 1,306. Alkyl Amines (AACL) reported another strong quarter with Sales/EBITDA/PAT growing at 38.9/44.3/47.4% YoY to Rs 2.12bn/386mn/221mn respectively. AACL continues to ramp up its newly commissioned Methyl Amines capacity (30KTPA) in Dahej and is operating at ~70% utilization.
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31 Jul 2018
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Alkyl Amines Chemicals
|
HDFC Securities
|
2005.50
|
940.00
|
634.00
(216.32%)
|
Pre-Bonus/ Split |
Buy
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We are valuing AACL at 22x Jun'20 EPS and maintain a Buy rating with a TP of Rs 940. Alkyl Amines reported numbers in line with our estimates; Alkyl Amines reported Sales/EBITDA/PAT growth of 20.9/54.3/40.1% YoY to Rs 1.78bn/Rs 369mn/Rs 177mn respectively. EBITDA and PAT declined sequentially by 8.6/24.2% (AACL had reported the highest quarterly PAT in 4QFY18).
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29 May 2018
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Alkyl Amines Chemicals
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ICICI Securities Limited
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2005.50
|
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675.05
(197.09%)
|
Pre-Bonus/ Split |
Mgmt Note
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We recently met Kirat Patel, Executive director at Alkyl Amines Chemicals (Alkyl) to get an insight into the amines chemistry business and the company's role in the value chain. Alkyl is a key player in the oligopolistic ammonia chemistry segment in India. The company was established in 1979 and has 12 manufacturing plants in western India (Maharashtra, Gujarat) with a state-of-the-art R&D; unit in Pune. Alkyl manufactures primary chemicals in aliphatic amines domain like methylamines, ethylamine and its derivatives and specialities like DMAHCL, acetonitrile,...
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21 May 2018
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Alkyl Amines Chemicals
|
HDFC Securities
|
2005.50
|
900.00
|
699.00
(186.91%)
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Target met |
Buy
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We maintain Buy on Alkyl Amines and value AACL at 22.0x FY20E EPS with a target price of Rs 900/share. Alkyl Amines reported a strong 4QFY18 with Sales/EBITDA/PAT growing by 32.7%/86.0%/112.9% to Rs 1.74 bn/Rs 404mn/Rs 233mn. AACL reported numbers ahead of our expectations due to a better mix and higher realizations of some of its key products (Acetonitrile realizations were up 15.8% YoY to Rs 150/kg).
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29 May 2017
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Alkyl Amines Chemicals
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BOB Capital Markets Ltd.
|
2005.50
|
466.00
|
391.90
(411.74%)
|
Target met |
Buy
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Alkyl Amines Chemicals Ltd Q4FY17 Result Review
Strained margins, long-term story Intact; Maintain BUY Alkyl Amines Chemicals Ltd. has reported its Q4FY17 result with a revenue growth of 8.3%/-3.8% YoY/QoQ, respectively, to ~Rs. 1,311 mn. The EBITDA of the Company stood ~Rs. 212 mn, a reduction of ~21.6%/28.7% YoY/QoQ, with a margins being contracted to ~16.1% vs...
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27 May 2016
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Alkyl Amines Chemicals
|
BOB Capital Markets Ltd.
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2005.50
|
508.00
|
317.50
(531.65%)
|
Target met |
Buy
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Alkyl Amines Chemicals Ltd Q4FY16 Result Review
Strong Quarter led by high Margins; Maintain BUY Alkyl Amines Chemicals Ltd., reported strong margin growth in Q4FY16 result. It has posted net sales of ~Rs.1210 mn, growth of ~3%/8.5%...
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09 Dec 2015
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Alkyl Amines Chemicals
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BOB Capital Markets Ltd.
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2005.50
|
512.00
|
307.05
(553.15%)
|
Target met |
Buy
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Alkyl Amines Chemicals Ltd Initiating Coverage with BUY
Valuation: Alkyl Amines Chemicals Ltd. trades at 12.4x one-year forward P/E, and we expect that the following factors will further drive the stock upside: 1) Growth of pharmaceuticals, agrochemicals and other industries AACL serves, 2) Fast paced...
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