Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹99.93, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 24% over the past three years. Reported Earnings • Feb 09
Third quarter 2026 earnings released: EPS: ₹1.62 (vs ₹1.52 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.62 (up from ₹1.52 in 3Q 2025). Revenue: ₹2.80b (up 8.0% from 3Q 2025). Net income: ₹118.7m (up 4.9% from 3Q 2025). Profit margin: 4.2% (down from 4.4% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 02
Indo Amines Limited to Report Q3, 2026 Results on Feb 07, 2026 Indo Amines Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 07, 2026 New Risk • Nov 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.84b (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks High level of debt (79% net debt to equity). Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹8.84b market cap, or US$99.1m). Duyuru • Nov 04
Indo Amines Limited to Report Q2, 2026 Results on Nov 12, 2025 Indo Amines Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 12, 2025 New Risk • Sep 11
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Declared Dividend • Sep 01
Dividend of ₹0.50 announced Dividend of ₹0.50 is the same as last year. Ex-date: 17th September 2025 Payment date: 23rd October 2025 Dividend yield will be 0.3%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (6% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 45% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹161, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 27x in the Chemicals industry in India. Total loss to shareholders of 3.5% over the past three years. Duyuru • Aug 13
Indo Amines Limited, Annual General Meeting, Sep 24, 2025 Indo Amines Limited, Annual General Meeting, Sep 24, 2025. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹3.94 (vs ₹2.70 in 1Q 2025) First quarter 2026 results: EPS: ₹3.94 (up from ₹2.70 in 1Q 2025). Revenue: ₹3.03b (up 14% from 1Q 2025). Net income: ₹288.4m (up 49% from 1Q 2025). Profit margin: 9.5% (up from 7.3% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 05
Indo Amines Limited to Report Q1, 2026 Results on Aug 12, 2025 Indo Amines Limited announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • May 30
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (84% net debt to equity). Paying a dividend despite having no free cash flows. Duyuru • May 22
Indo Amines Limited Recommends Final Dividend for the Financial Year Ended March 31, 2025 Indo Amines Limited recommended Final Dividend of 10% i.e. INR 0.50 per equity share on the face value of INR 5/- each for the financial year ended March 31, 2025, to the members for their approval in the ensuing 32nd Annual General Meeting of the Company (`3294 AGM'). Duyuru • May 16
Indo Amines Limited to Report Q4, 2025 Results on May 22, 2025 Indo Amines Limited announced that they will report Q4, 2025 results on May 22, 2025 Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹135, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 25x in the Chemicals industry in India. Total returns to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹129, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 25x in the Chemicals industry in India. Total returns to shareholders of 32% over the past three years. New Risk • Mar 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (80% net debt to equity). Share price has been volatile over the past 3 months (8.3% average weekly change). New Risk • Feb 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.29b (US$94.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks High level of debt (80% net debt to equity). Market cap is less than US$100m (₹8.29b market cap, or US$94.8m). Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹1.52 (vs ₹1.30 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.52 (up from ₹1.30 in 3Q 2024). Revenue: ₹2.61b (up 35% from 3Q 2024). Net income: ₹113.1m (up 18% from 3Q 2024). Profit margin: 4.3% (down from 5.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 05
Indo Amines Limited to Report Q3, 2025 Results on Feb 11, 2025 Indo Amines Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹202, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 33x in the Chemicals industry in India. Total returns to shareholders of 98% over the past three years. Buy Or Sell Opportunity • Nov 28
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at ₹176. The fair value is estimated to be ₹146, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 21%. Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹1.96 (vs ₹1.75 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.96 (up from ₹1.75 in 2Q 2024). Revenue: ₹2.75b (up 8.5% from 2Q 2024). Net income: ₹137.9m (up 16% from 2Q 2024). Profit margin: 5.0% (up from 4.7% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 07
Indo Amines Limited to Report Q2, 2025 Results on Nov 12, 2024 Indo Amines Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹195, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 35x in the Chemicals industry in India. Total returns to shareholders of 64% over the past three years. Duyuru • Sep 24
Indo Amines Limited Approves Final Dividend for the Financial Year Ended March 31, 2024 Indo Amines Limited at its AGM held on September 24, 2024, approved declaration of Final Dividend of 10% i.e. INR 0.50 paisa per equity share on face value of INR 5/- each for the Financial Year ended 31st March, 2024. Upcoming Dividend • Sep 10
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 17 September 2024. Payment date: 24 October 2024. Payout ratio is a comfortable 8.3% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.6%). Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹200, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 36x in the Chemicals industry in India. Total returns to shareholders of 70% over the past three years. Recent Insider Transactions • Aug 24
President of Projects recently sold ₹10.0m worth of stock On the 20th of August, Nandu Gupta sold around 57k shares on-market at roughly ₹175 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹14m. Insiders have been net sellers, collectively disposing of ₹32m more than they bought in the last 12 months. Declared Dividend • Aug 10
Dividend of ₹0.50 announced Dividend of ₹0.50 is the same as last year. Ex-date: 17th September 2024 Payment date: 1st January 1970 Dividend yield will be 0.3%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Aug 09
Indo Amines Limited, Annual General Meeting, Sep 24, 2024 Indo Amines Limited, Annual General Meeting, Sep 24, 2024. Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: ₹2.70 (vs ₹1.66 in 1Q 2024) First quarter 2025 results: EPS: ₹2.70 (up from ₹1.66 in 1Q 2024). Revenue: ₹2.73b (up 12% from 1Q 2024). Net income: ₹193.1m (up 59% from 1Q 2024). Profit margin: 7.1% (up from 5.0% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year. Duyuru • Aug 08
Indo Amines Limited Approves the Appointment of Pradeep Thakur as Chairman of the Board Indo Amines Limited at its board of directors meeting held on August 8, 2024, announced that Mr. Pradeep Thakur, a Non-Executive, Independent Director, has been appointed as the new Chairman of the Board, effective from August 8, 2024. Duyuru • Aug 02
Indo Amines Limited to Report Q1, 2025 Results on Aug 08, 2024 Indo Amines Limited announced that they will report Q1, 2025 results on Aug 08, 2024 Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹160, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 35x in the Chemicals industry in India. Total returns to shareholders of 21% over the past three years. New Risk • May 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.28b (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.0% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₹8.28b market cap, or US$99.4m). Duyuru • May 23
Indo Amines Limited Recommends Final Dividend for the Financial Year Ended March 31, 2024 Indo Amines Limited informed that, the Board Meeting of the Company held on May 22, 2024, recommended Final Dividend of 10% i.e. INR 50 Paisa per equity share on the face value of INR 5/- each for the financial year ended March 31, 2024, subject to the approval of the shareholders in the forthcoming 31st Annual General Meeting of the Company. Duyuru • May 17
Indo Amines Limited to Report Q4, 2024 Results on May 22, 2024 Indo Amines Limited announced that they will report Q4, 2024 results on May 22, 2024 Duyuru • Apr 19
Indo Amines Limited Announces the Resignation of Keyur Chitre as Whole Time Director, Effective May 31, 2024 Indo Amines Limited announced that Mr. Keyur Chitre (DIN: 07800503) has tendered his resignation as Whole Time Director of the Company with effect from closure of business hours of May 31, 2024, citing his inability to discharge the duties due to personal reason. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹145, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 29x in the Chemicals industry in India. Total returns to shareholders of 226% over the past three years. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹110, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 28x in the Chemicals industry in India. Total returns to shareholders of 145% over the past three years. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: ₹1.30 (vs ₹1.42 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.30 (down from ₹1.42 in 3Q 2023). Revenue: ₹1.96b (down 7.2% from 3Q 2023). Net income: ₹96.2m (down 7.6% from 3Q 2023). Profit margin: 4.9% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 02
Indo Amines Limited to Report Q3, 2024 Results on Feb 09, 2024 Indo Amines Limited announced that they will report Q3, 2024 results on Feb 09, 2024 Valuation Update With 7 Day Price Move • Jan 01
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹140, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 220% over the past three years. Duyuru • Dec 21
Indo Amines Limited Appoints Appoints Nandu Gupta as President -Projects Indo Amines Limited announced the change in Senior Management Personnel of the Company as follows: Mr. Nandu Gupta is being appointed as the President -Projects effective from 21st December, 2023. Mr. Nandu Gupta is a having a good experience of 33 years in chemical manufacturing and trading. Mr. Nandu Gupta is not related to any of the Directors, between directors Key Managerial Personnel, Promoters and Promoter group of the Company. Duyuru • Nov 30
Indo Amines Limited Announces Resignation of Vijay Naik as Whole Time Director Indo Amines Limited informed that, Mr. Vijay Naik (DIN: 08998268) has tendered his resignation as Whole Time Director of the Company with effect from closure of business hours of 30th November, 2023, citing his inability to discharge the duties due to personal reason. Duyuru • Nov 10
Indo Amines Limited Promotes Mukeshkumar Agrawal from Chief Financial Officer to Chief Revenue Officer Indo Amines Limited at its Board Meeting Held on November 09, 2023, approved the following changes in the managerial personnel of the Company: Mr. Mukeshkumar Agrawal has been promoted from the position of Chief Financial Officer to Chief Revenue Officer of the Company with effect from 10 November, 2023; Mrs. Suniti Sagar Thombre has been promoted from the position of General Manager-Finance to Chief Financial Officer of the Company with effect from 10 November 2023. Duyuru • Nov 04
Indo Amines Limited to Report Q2, 2024 Results on Nov 09, 2023 Indo Amines Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Duyuru • Oct 12
Indo Amines Limited Announces the Resignation of Nandu Gupta as Whole Time Director Indo Amines Limited has received a intimation from Mr. Nandu Gupta (DIN: 00335406) wherein he has resigned from the position of Whole Time Director of the Company due to his personal reasons with effect from closure of business hours of 11th October, 2023 With effect from closure of business hours of 11th October, 2023. Duyuru • Sep 28
Indo Amines Limited Approves Declaration of Final Dividend for the Financial Year Ended 31St March, 2023 Indo Amines Limited at its AGM held on September 27, 2023, approved Declaration of Final Dividend of 10% i.e. INR 0.50 paisa per equity share on face value of INR 5/- each for the Financial Year ended 31st March, 2023. Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: ₹1.66 (vs ₹1.22 in 1Q 2023) First quarter 2024 results: EPS: ₹1.66 (up from ₹1.22 in 1Q 2023). Revenue: ₹2.48b (down 4.1% from 1Q 2023). Net income: ₹121.5m (up 43% from 1Q 2023). Profit margin: 4.9% (up from 3.3% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 05
Indo Amines Limited to Report Q1, 2024 Results on Aug 10, 2023 Indo Amines Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 18
Full year 2023 earnings released: EPS: ₹5.78 (vs ₹3.26 in FY 2022) Full year 2023 results: EPS: ₹5.78 (up from ₹3.26 in FY 2022). Revenue: ₹9.49b (up 21% from FY 2022). Net income: ₹408.8m (up 77% from FY 2022). Profit margin: 4.3% (up from 2.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 12
Indo Amines Limited Informs That Nandan Khambete Has Submitted His Resignation as Non-Executive, Non-Independent Director Indo Amines Limited informed that, Mr. Nandan Khambete (DIN: 08963471), has submitted his resignation as a Non-Executive, Non-Independent Director of the Company with effect from the closure of business hours on 17th May,2023, due to personal reasons and other professional commitments. Duyuru • May 11
Indo Amines Limited to Report Fiscal Year 2023 Results on May 17, 2023 Indo Amines Limited announced that they will report fiscal year 2023 results on May 17, 2023 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹81.14, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 375% over the past three years. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹1.42 (vs ₹1.35 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.42 (up from ₹1.35 in 3Q 2022). Revenue: ₹2.11b (flat on 3Q 2022). Net income: ₹104.1m (up 7.4% from 3Q 2022). Profit margin: 4.9% (up from 4.6% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 01
Indo Amines Limited to Report Q3, 2023 Results on Feb 10, 2023 Indo Amines Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 18% share price gain to ₹107, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 291% over the past three years. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹82.25, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 231% over the past three years. Duyuru • Nov 02
Indo Amines Limited to Report Q2, 2023 Results on Nov 07, 2022 Indo Amines Limited announced that they will report Q2, 2023 results on Nov 07, 2022 Recent Insider Transactions • Oct 05
Executive Director recently sold ₹13m worth of stock On the 30th of September, Nandu Gupta sold around 106k shares on-market at roughly ₹119 per share. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹20m. Insiders have been net sellers, collectively disposing of ₹55m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹117, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 254% over the past three years. Recent Insider Transactions • Sep 20
Executive Director recently sold ₹6.8m worth of stock On the 16th of September, Nandu Gupta sold around 50k shares on-market at roughly ₹135 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹8.6m. Insiders have been net sellers, collectively disposing of ₹15m more than they bought in the last 12 months. Duyuru • Sep 13
Indo Amines Limited Approves Final Dividend for the Financial Year Ended 31 March, 2022 Indo Amines Limited at its AGM held on September 12, 2022 approved Final Dividend of 10% i.e. INR 0.50 per equity share on face value of INR 5/- each on Equity Shares for the Financial Year ended 31st March, 2022. Recent Insider Transactions • Sep 10
Whole-Time Director recently sold ₹8.6m worth of stock On the 7th of September, Nandu Gupta sold around 59k shares on-market at roughly ₹148 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Aug 26
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 02 September 2022. Payment date: 12 October 2022. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (0.7%). Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 15% share price gain to ₹120, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 376% over the past three years. Duyuru • Aug 11
Indo Amines Limited (BSE:524648) entered into a scheme of amalgamation to acquire Pious Engineering Private Limited for approximately INR 190 million. Indo Amines Limited (BSE:524648) entered into a scheme of amalgamation to acquire Pious Engineering Private Limited for approximately INR 190 million on August 8, 2022. In consideration of the scheme, Indo Amines shall issue and allot 537 of its equity shares for every 10 equity shares held by the shareholders of Pious Engineering Private Limited. Under the scheme, 1.93 million shares of Indo Amines will be issued as consideration. On the scheme becoming effective, Pious Engineering shall stand dissolved without winding up. For the year ending March 31, 2022, Pious Engineering reported revenues of INR 34.37 million and net worth of INR 0.33 million. The Board of Directors of Indo Amines at its meeting based on the recommendation of Audit Committee and Independent Directors Committee and subject to such approvals, consents, permissions and sanctions, as may be required, approved the scheme of amalgamation of Pious Engineering Private Limited with Indo Amines Limited. Corporate Capital Venture Private Limited acted as fairness opinion provider for Indo Amines. Reported Earnings • Aug 10
First quarter 2023 earnings released: EPS: ₹1.22 (vs ₹0.99 in 1Q 2022) First quarter 2023 results: EPS: ₹1.22 (up from ₹0.99 in 1Q 2022). Net income: ₹84.9m (up 19% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 09
Indo Amines Limited, Annual General Meeting, Sep 12, 2022 Indo Amines Limited, Annual General Meeting, Sep 12, 2022, at 11:30 Indian Standard Time. Agenda: To consider Appointment of M/s. V. S. Somani & Co., Chartered Accountants, Mumbai as the Statutory Auditors of the Company for the term of 5 years from the conclusion of this 29th Annual General Meeting till the conclusion of 34th Annual General Meeting to be held for the financial year ended 31st March, 2027 in the Financial Year 2027-28. Duyuru • Jul 28
Indo Amines Limited to Report Q1, 2023 Results on Aug 08, 2022 Indo Amines Limited announced that they will report Q1, 2023 results on Aug 08, 2022 Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improved over the past week After last week's 21% share price gain to ₹97.15, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 231% over the past three years. Reported Earnings • Jun 02
Full year 2022 earnings released: EPS: ₹3.26 (vs ₹5.32 in FY 2021) Full year 2022 results: EPS: ₹3.26 (down from ₹5.32 in FY 2021). Revenue: ₹7.86b (up 45% from FY 2021). Net income: ₹230.5m (down 39% from FY 2021). Profit margin: 2.9% (down from 7.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jun 01
Indo Amines Limited Recommends Final Dividend for the Financial Year Ended March 31, 2022 Indo Amines Limited at its board meeting held on 30 May 2022 recommended final dividend of 10% i.e. 0.50 paisa per equity share having face value of INR 5 each for the financial year ended March 31, 2022, subject To Approve the shareholders in the forthcoming 29th Annual General Meeting of the Company. Duyuru • May 21
Indo Amines Limited to Report Q4, 2022 Results on May 30, 2022 Indo Amines Limited announced that they will report Q4, 2022 results on May 30, 2022 Duyuru • Apr 16
Indo Amines Limited Announces Retirement Dhawal Vora and Rajannan Raghavendra Ravi as Independent Directors Indo Amines Limited announced Dhawal vora and Rajannan Raghavendra Ravi as Independent Directors came to end on March 31, 2022 and consequently ceased as Independent Directors of the company with effect from March 31, 2022. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 17% share price gain to ₹112, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 152% over the past three years. Duyuru • Mar 10
Indo Amines Limited Appoints Ajay Marathe as Additional Director (Non-Executive Independent) The Board of Directors of Indo Amines Limited have appointed Mr. Ajay Marathe as an Additional Director in the category of Non-Executive Independent Director on the Board of the company with effect from February 25, 2022 for the term of 3 years subject to the approval of the shareholders of the company in the Board Meeting held on January 24, 2022. But due to some technical issue of Ministry of Corporate Affairs site, with respect to generation of Director Identification Number, it has been generated on February 28, 2022 instead of February 25, 2022. Hence, considering this, the revised appointment date of Mr. Ajay Marathe is for the term of 3 years, that is from February 28, 2022 to February 27, 2025. Duyuru • Mar 05
Indo Amines Limited Announces Retirement of Mahendra Thakoor as Independent Director Indo Amines Limited announced Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") read with Para A of Part A of schedule III to the said regulation and SEBI Circular dated September 09, 2015, the company informed that, the term of office of Mr. Mahendra Thakoor (DIN: 01832396) as an Independent Director came to an end on February 26, 2022 and consequently he ceased to be a Director of the Company with effect from close of business hours on February 26, 2022. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹90.95, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 112% over the past three years. Reported Earnings • Jan 25
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹2.70 (up from ₹1.68 in 3Q 2021). Revenue: ₹2.15b (up 51% from 3Q 2021). Net income: ₹96.8m (down 21% from 3Q 2021). Profit margin: 4.5% (down from 8.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 20% share price gain to ₹224, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 141% over the past three years. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 28% share price gain to ₹256, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 134% over the past three years. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹206, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 92% over the past three years. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 28% share price gain to ₹356, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 177% over the past three years. Upcoming Dividend • Jul 22
Upcoming dividend of ₹0.60 per share Eligible shareholders must have bought the stock before 29 July 2021. Payment date: 05 September 2021. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.7%). Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 16% share price gain to ₹187, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 160% over the past three years. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS ₹10.69 (vs ₹3.43 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹5.41b (up 13% from FY 2020). Net income: ₹375.4m (up 193% from FY 2020). Profit margin: 6.9% (up from 2.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Jul 01
Whole Time Director Changdeo Kadam has left the company On the 22nd of June, Changdeo Kadam's tenure as Whole Time Director ended after 11.7 years in the role. We don't have any record of a personal shareholding under Changdeo's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 3.83 years. Executive Departure • Jun 11
Independent Non-Executive Director Nishikant Sule has left the company On the 3rd of June, Nishikant Sule's tenure as Independent Non-Executive Director ended after 10.3 years in the role. We don't have any record of a personal shareholding under Nishikant's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.83 years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 19% share price gain to ₹141, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improved over the past week After last week's 20% share price gain to ₹101, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 18x in the Chemicals industry in India. Total returns to shareholders of 21% over the past three years. Executive Departure • Apr 15
Independent Non-Executive Director has left the company On the 7th of April, Madhav Nandgaonkar's tenure as Independent Non-Executive Director ended after 4.1 years in the role. We don't have any record of a personal shareholding under Madhav's name. Madhav is the only executive to leave the company over the last 12 months. Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS ₹3.35 (vs ₹0.70 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹1.42b (up 25% from 3Q 2020). Net income: ₹123.1m (up 467% from 3Q 2020). Profit margin: 8.7% (up from 1.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year. Duyuru • Jan 21
Indo Amines Limited to Report Q3, 2021 Results on Feb 05, 2021 Indo Amines Limited announced that they will report Q3, 2021 results on Feb 05, 2021 Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 15% share price gain to ₹79.25, the stock is trading at a trailing P/E ratio of 22.7x, up from the previous P/E ratio of 19.6x. This compares to an average P/E of 18x in the Chemicals industry in India. Total return to shareholders over the past three years is a loss of 38%. Is New 90 Day High Low • Dec 30
New 90-day high: ₹79.25 The company is up 41% from its price of ₹56.35 on 01 October 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 20% over the same period.