Indo Amines Limited (INDOAMIN) AI Stock Analysis

• Market Cap: ₹7.51B
• Dividend Yield: 0.38%
• Average Volume (3M): 5.94K
• Price to Earnings (P/E): 19.7
• Beta (1Y): 1.80
• Revenue Growth: 13.01%
• EPS Growth: 32.44%
• Country: IN
• Employees: 557
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals
• EPS (TTM): 1.64
• Shares Outstanding: 72,587,560
• 10 Day Avg. Volume: 3,394
• 30 Day Avg. Volume: 5,944
• PEG Ratio: 0.54
• Price to Book (P/B): 2.80
• Price to Sales (P/S): 0.82
• P/FCF Ratio: -41.01
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: ₹101.00 ▼(-21.55% Downside)
• Action: Reiterated Date: 04/02/26
• Date: Action: Reiterated 04/02/26

The score is driven primarily by strong financial performance (revenue growth and improving margins) but is meaningfully offset by negative free cash flow and weak technicals (below key moving averages with bearish MACD and low RSI). Valuation is reasonable but the dividend yield is low, offering limited support.

Positive Factors

Revenue Growth

Indo Amines reported a notable top-line increase from 2024 to 2025 (RevenueGrowth ~7.76% and EPS growth ~28.6%), showing durable demand across its industrial end markets. Consistent revenue expansion supports scale, customer retention, and long-term investment in specialty product capabilities.

Negative Factors

Negative Free Cash Flow

Negative free cash flow in 2025, despite solid operating cash conversion, signals cash absorbtion (likely from capex or working capital). If sustained, negative FCF constrains the company's ability to self-fund growth, reduce leverage, or return capital, forcing reliance on external financing or curtailed investments.

Indo Amines Limited Business Overview & Revenue Model

Company Description

Indo Amines Limited manufactures, develops, and supplies fine chemicals, specialty chemicals, performance chemicals, perfumery chemicals, and active pharmaceuticals ingredients worldwide. The company's fine chemicals comprise aliphatic and aromati...

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Indo Amines Limited manufactures, develops, and supplies fine chemicals, specialty chemicals, performance chemicals, perfumery chemicals, and active pharmaceuticals ingredients worldwide. The company's fine chemicals comprise aliphatic and aromati...

How the Company Makes Money

Indo Amines primarily makes money by manufacturing and selling chemical products (amines and related specialty/intermediate chemicals) to industrial customers. Revenue is generated through (1) product sales of its amines/specialty chemical portfol...

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Indo Amines primarily makes money by manufacturing and selling chemical products (amines and related specialty/intermediate chemicals) to industrial customers. Revenue is generated through (1) product sales of its amines/specialty chemical portfol...

Indo Amines Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	11.09B	10.79B	9.40B	9.41B	7.79B	5.34B
Gross Profit	3.28B	2.75B	2.20B	2.30B	1.91B	1.52B
EBITDA	1.36B	1.16B	936.55M	913.41M	604.51M	679.67M
Net Income	701.15M	558.95M	428.13M	408.75M	230.47M	374.83M
Balance Sheet
Total Assets	8.43B	7.79B	6.33B	5.97B	5.54B	4.53B
Cash, Cash Equivalents and Short-Term Investments	223.97M	167.79M	55.89M	60.73M	61.66M	44.88M
Total Debt	3.07B	2.84B	2.17B	2.32B	2.07B	1.59B
Total Liabilities	4.83B	4.61B	3.70B	3.71B	3.67B	2.91B
Stockholders Equity	3.60B	3.17B	2.63B	2.25B	1.87B	1.63B
Cash Flow
Free Cash Flow	-81.70M	-216.82M	391.02M	-109.75M	-242.71M	57.73M
Operating Cash Flow	363.28M	697.01M	696.71M	203.63M	154.59M	561.79M
Investing Cash Flow	-375.71M	-904.58M	-265.64M	-298.27M	-388.40M	-496.60M
Financing Cash Flow	66.32M	153.96M	-408.70M	40.26M	319.15M	-11.24M

Indo Amines Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 128.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDOAMIN, the sentiment is Neutral. The current price of 128.75 is above the 20-day moving average (MA) of 94.29, above the 50-day MA of 104.97, and below the 200-day MA of 130.53, indicating a neutral trend. The MACD of -1.95 indicates Negative momentum. The RSI at 57.81 is Neutral, neither overbought nor oversold. The STOCH value of 94.03 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:INDOAMIN.

Indo Amines Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BHAGERIA	69 Neutral	₹6.71B	17.61	―	0.81%	33.39%	85.08%
INDOAMIN	64 Neutral	₹7.51B	19.71	―	0.38%	13.01%	32.44%
SHREEPUSHK	62 Neutral	₹11.49B	17.66	―	0.52%	28.67%	50.12%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BODALCHEM	56 Neutral	₹8.13B	697.51	―	―	15.56%	2114.71%
HERANBA	49 Neutral	₹7.53B	-10.64	―	0.39%	―	―
UNIENTER	46 Neutral	₹6.71B	-247.22	―	0.34%	―	―

Indo Amines Limited Corporate Events