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AMINES & PLASTICIZERS LTD. (AMNPLST) Fair Value & Analysis

Basic Materials · IN · Market cap ₹10.6B

AP AMINES & PLASTICIZERS LTD. AMNPLST · BSE
Price₹194.80
Fair Value₹112.88
Upside-42.1%
Quality63/100
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Mixed Growth
Thin margins · 6.4% net margin
Low debt · generates free cash flow
0.26% dividend yield
Mixed vs. peers (7/14)
Moderate moat 49/100
Evidence: High Range ₹84.66 – ₹141.09 Share as image

Fair value as of: Aug 13, 2026

From 22 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from ₹129.58 to ₹112.88 (−12.9%) since Aug 11, 2026. Share price +1.2% over the past month.

A solid business, but screening 42% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹141.09). The favourable scenario is already priced in.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹343.30 ₹66.11 Fair Value ₹112.88 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹66.11 – ₹343.30 · fair‑value band ₹84.66 – ₹141.09 · the ₹194.80 price screens above the ₹112.88 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

AMINES & PLASTICIZERS LTD. (AMNPLST) currently trades at ₹194.80, while our model-based Fair Value estimate is ₹112.88, implying the stock looks roughly 42.1% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, AMINES & PLASTICIZERS LTD. generated revenue of ₹5.7B at a net margin of 6.4%. Revenue declined 6.4% year over year. It earns a return on equity of 13.3%. Net debt stands at ₹355M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹84.66 (bear case) to ₹141.09 (bull case); at ₹194.80, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 26% below its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -60% fair-value upside, at -42%, AMNPLST screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹133.45 ₹178.13 ₹247.43 80
Residual Income ₹49.84 ₹60.06 ₹126.63 76
Rev-Margin DCF ₹104.49 ₹147.43 ₹197.24 74
All 22 models by family
DCF Models
FCF DCF ₹129.01 ₹175.47 ₹252.09 38
Owner Earnings ₹83.83 ₹113.12 ₹161.40 31
5Y Revenue Exit ₹104.49 ₹145.34 ₹199.81 39
5Y EBITDA Exit ₹96.64 ₹131.81 ₹174.30 41
5Y P/E Exit ₹98.37 ₹134.80 ₹174.37 38
10Y Revenue Exit ₹110.31 ₹147.76 ₹190.96 36
10Y EBITDA Exit ₹107.95 ₹138.76 ₹173.48 37
10Y P/E Exit ₹109.02 ₹140.75 ₹173.53 35
Earnings-Based
Graham-Dodd ₹45.15 ₹85.18 ₹105.95 54
EPV ₹90.51 ₹104.45 ₹116.65 59
Multiples
P/E Multiple ₹84.66 ₹112.88 ₹141.09 63
P/S Multiple ₹84.66 ₹112.88 ₹141.09 58
P/B Multiple ₹84.66 ₹112.88 ₹141.09 55
EV/EBIT ₹110.10 ₹144.52 ₹178.94 53
EV/EBITDA ₹88.32 ₹115.48 ₹142.63 54
EV/Revenue ₹96.33 ₹134.69 ₹173.04 43
Asset-Based
NCAV (Graham) ₹26.56 ₹35.59 ₹53.12 50
Growth DCF
Growth DCF ₹133.45 ₹178.13 ₹247.43 80
Rev-Margin DCF ₹104.49 ₹147.43 ₹197.24 74
Economic Profit
Residual Income ₹49.84 ₹60.06 ₹126.63 76
ROIC Compounder ₹92.60 ₹110.07 ₹127.90 72
Growth Earnings
Growth-Adj P/E ₹61.08 ₹87.26 ₹113.44 68

Widest divergence: Growth DCF (₹147.43) versus Asset-Based (₹35.59). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹5.7B
Revenue growth (YoY) -6.4%
Net margin 6.4%
Return on equity 13.3%
Free cash flow ₹655M FY2026
P/E ratio 29.3
More key figures
Operating margin 14.2%
EPS (TTM) ₹6.64
Dividend yield 0.3%
EPS growth (YoY) +19.9%
Net debt ₹355M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 65 · Market factors (momentum, volatility) 44

Profitability 61
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 73
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Amines & Plasticizers Limited manufactures and sells specialty chemicals, amines and morpholine derivatives in India and internationally.

Full company description

Amines & Plasticizers Limited manufactures and sells specialty chemicals, amines and morpholine derivatives in India and internationally. The company offers alkyl alkanol amines, including methyl, ethyl, mono-n-propyl, and tertiary butyl monoethanolamines; Di-methyl, Di-ethyl, mono-n-butyl, Di-butyl, and poly ethanolamines; and mono-n-propyl, methyl, ethyl, mono-n-butyl, and tertiary butyl diethanolamines. It also offers alkanolamines, such as triisopropanolamine, monoethanolamine, diethanolamine, triethanolamine-tech, triethanolamine-pure, and diethanolamine LFG products; and morpholine and substituted morpholines comprising morpholine, N-methyl morpholine, N-methyl morpholine oxide, N-ethyl morpholine, N-formyl morpholine, hydroxy ethyl morpholine, N-acetyl morpholine, and N-butyl morpholine. In addition, the company provides specialty ethylene oxide/propylene oxide (EO/PO) products that include phenoxy ethanol, piperidine ethanol, diethanol isopropanolamine, N-2 hydroxy ethyl pyrrolidine, and N-benzyl ethanolamine; and EO/PO derivatives, such as polypropylene glycol, polyethylene glycol, APOL, amine polyols, glycerol polyol, polyethylene glycol adipates, sorbitol mixture ethoxylates, and alcohol ethoxylates. Further, it offers gas treating products and technologies, such as generic amines, MDEA based specialty amines, and specialty additives, as well as antifoaming agents for gas treating applications. The company serves customers in industries, such as pharmaceuticals; textiles; paints, coatings, printing inks, polyurethanes, metal workings fluids, and corrosion inhibitors; agro chemicals; rubber and mold releasing agents; photographic chemicals; cement; cosmetics; oil field chemicals; acid gas treating solvents; and molecular sieves. It also exports its products. Amines & Plasticizers Limited was founded in 1970 and is headquartered in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

AMINES & PLASTICIZERS LTD. reported revenue of ₹5.7B in FY2026 versus ₹5.6B in FY2022, a compound +0.3%/yr. Reported net income was ₹365M in FY2026, compounding +11.2%/yr from FY2022.

Growth Quality 69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹5.7B
Latest YoY
−13.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−1.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.4%
Avg. growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.4%
Revenue +0.3%/yr
FY22 ₹5.6B
FY23 ₹6.0B
FY24 ₹6.5B
FY25 ₹6.6B
FY26 ₹5.7B
Net income +11.2%/yr
FY22 ₹239M
FY23 ₹229M
FY24 ₹398M
FY25 ₹410M
FY26 ₹365M

AMNPLST screens 42% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "AMINES & PLASTICIZERS LTD. Fair Value". https://www.fairvalue-calculator.com/stock/AMNPLST

Peer Group

Chemicals · 331 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 63 · Top 25%
Fair Value upside −42% · Below median
Return on equity (TTM) 13% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 14% · Top 25%
Revenue growth -6% · Below median
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 29.3× · Pricier than median
P/B 3.62× · Pricier than 75% of peers
P/S (TTM) 1.86× · Pricier than median
P/FCF 0.2× · Cheaper than median
EV/EBITDA 17.1× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 20
PAST 53 · sector 20
HEALTH 98 · sector 94
DIVIDEND 5 · sector 33

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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LG Chem, Ltd 051910 275,500 KRW 587,755 KRW +113%
SRF Limited 503806 ₹2,609 ₹749.17 -71%
542812 542812 ₹4,709 ₹791.05 -83%
Navin Fluorine International Limited NAVINFLUOR ₹8,357 ₹2,146 -74%
506285 506285 ₹4,048 ₹1,589 -61%
Kansai Nerolac Paints Limited 500165 ₹209.25 ₹80.51 -62%
Deepak Nitrite Limited DEEPAKNTR ₹1,718 ₹679.17 -60%
KCC Corporation 002380 454,000 KRW 1,763,304 KRW +288%

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Frequently asked questions

Is AMINES & PLASTICIZERS LTD. (AMNPLST) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹112.88 versus a price of ₹194.80, about −42% (overvalued).
What is the fair value of AMNPLST?
Our model-based fair value for AMINES & PLASTICIZERS LTD. is ₹112.88 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹194.80.
What is the quality score of AMNPLST?
AMINES & PLASTICIZERS LTD. has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of AMINES & PLASTICIZERS LTD. (AMNPLST)?
AMINES & PLASTICIZERS LTD. reported trailing-twelve-month revenue of about ₹5.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of AMNPLST?
The net profit margin of AMINES & PLASTICIZERS LTD. is about 6.4%, meaning it keeps roughly 6.4% of revenue as net income. Based on the latest reported figures.
Does AMINES & PLASTICIZERS LTD. pay a dividend?
AMINES & PLASTICIZERS LTD. currently shows a dividend yield of about 0.26% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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