Indo Amines share price today

Indo Amines Ltd's share price was ₹129.49 at the close on 4 November 2026. It has been rising for 6 weeks. That is 0.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹88 and ₹158, and at that close it sat 60% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Indo Amines Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 2 weeks in a row.

Over the last 11 years the share price moved +551% while the NIFTY 500 moved +243%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: best operating margin in 15 quarters, revenue up on a year earlier for 10 quarters in a row and profit up on a year earlier for 9 quarters in a row.

1. Best operating margin in 15 quarters

   Operating margin was 14% in the June 2026 quarter, against 11% a year earlier.

2. Revenue up on a year earlier for 10 quarters in a row

   In the June 2026 quarter revenue was ₹375 crore, +30.2% on a year earlier.

3. Profit up on a year earlier for 9 quarters in a row

   In the June 2026 quarter profit was ₹31 crore, +6.9% on a year earlier.

For April to June 2026 (the quarter ended 30 June 2026), Indo Amines reported revenue of ₹375 crore, up 30.2% from ₹288 crore a year earlier, and a profit of ₹31.0 crore, up 6.9% from ₹29.0 crore.

Indo Amines results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Indo Amines closed at ₹129.49 on 4 November 2026, down 3.0% from ₹133.50 a year earlier (7 November 2025) and up 7.1% over five years. Its highest weekly close since April 2016 was ₹228.65 on 13 September 2024.

Indo Amines share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

557 weekly closes from 1 April 2016 to 4 November 2026.

4 Nov 2026: Indo Amines closed at ₹129.49, up 8.3% on the week and down 5.0% on the month. Our read, 10 Oct 2026: Operating earnings have improved, but conditional plant permissions, safety disruption and unverified customer payment terms prevent a confident recovery thesis.

Earlier

• 17 Sep 2026: ex-date for a dividend of ₹0.50 a share.
• Results for April to June 2026: Revenue up 30.2% and profit up 6.9% on a year earlier.

Our read of the business

April to June 2026: Operating improvement precedes later plant disruptions.

Our read after the April to June 2026 results, written 10 October 2026.

Indo Amines paid ₹0.50 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.39% at the ₹129.49 close on 4 November 2026. The last was a dividend of ₹0.50 a share, ex-date 17 September 2026.

Indo Amines dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Indo Amines Ltd paid out 5% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

Indo Amines' management made 0 promises we could check against what it later reported.

Our read after the April to June 2026 results, written 10 October 2026.

What is changing at Indo Amines, from the latest results and calls: operating earnings improvement, operating cash supports reinvestment and differentiated product development.

• Operating earnings improvement. Operating profit grows faster than sales, with unchanged interest expense. ⚠ estimate
• Operating cash supports reinvestment. Cash conversion covers accounting profit, but capital spending leaves little surplus. ⚠ estimate
• Differentiated product development. The previously disclosed Morpholine launch creates a possible product-mix lever. ⚠ estimate
• Conditional operating permission. Vadodara relief removes an immediate closure direction while leaving a compliance test. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the April to June 2026 results, written 10 October 2026.

If production resumes or remains permitted but operating profit falls while receivable and inventory days continue to rise, the apparent recovery would be credit-funded growth rather than a durable improvement.

Each change stops working if

• Operating earnings improvement: Operating profit reverses despite maintained sales, or compliance and interruption costs absorb the incremental contribution.
• Operating cash supports reinvestment: Collections weaken and further capital spending requires rising borrowings without incremental operating cash.
• Conditional operating permission: The conditional permission expires without renewal or further non-compliance interrupts production.

The main risks

• Plant continuity and safety: Later plant events are outside the latest reported quarter. ⚠ estimate
• Conditional environmental clearance: Vadodara relief is time-limited and conditional. ⚠ estimate
• Unresolved customer-quality dig: Customer payment terms do not explain the increase in receivable and inventory days. ⚠ estimate
• : Capital spending consumes operating cash while debt rises. ⚠ estimate

Our read after the April to June 2026 results, written 10 October 2026.

When Indo Amines reports July to September 2026, these are the 6 checks that show whether the story is still on course. First: A continuing suspension, further safety incident or disclosed production loss.

Indo Amines is on 2 of our India lists: Multibagger study list and Breakout stocks.

Indo Amines Ltd earned ₹31.0 Cr of net profit in the Jun 2026 quarter, +6.9% on the same quarter a year earlier. That is the 9th quarter in a row of profit growth. Full-year FY26 profit was ₹79.0 Cr. Over 10 years profit has grown 24.3% a year on average. That is 8.3% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹29.0 Cr.

For the full year, FY26 profit was ₹79.0 Cr (+41.1% on the year before).

Why profit moved: revenue changed +30.2% on a year earlier and the margin moved +3.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +29.9% and revenue +12.9%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Indo Amines Ltd reported ₹375 Cr of revenue in the Jun 2026 quarter, +30.2% on the same quarter a year earlier. That is the 10th quarter in a row with growth on the year before. Over 10 years it has grown 16.4% a year on average. The last full year, FY26, came in at ₹1,160 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,247 Cr.

FY26 revenue was ₹1,160 Cr, +7.5% on the year before.

Recent pace: the last four quarters grew +12.9% on average, against 16.4% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +13.3%, against +13.7% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +24.2%, against +28.1% a year (rolling over).

Indo Amines Ltd's operating margin was 14.0% in the Jun 2026 quarter, 3.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 7.0% and 13.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +3.2 percentage points on the year while gross margin changed +2.3 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 103% of Indo Amines Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹79.0 Cr of operating cash against ₹79.0 Cr of profit. After ₹77.0 Cr of spending on assets, ₹2.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Why this happened. The cash conversion record reduces the likelihood that the entire earnings improvement is an accrual artifact. Borrowings continue to increase and free cash remains limited. The Self-Funded Growth Engine does not yet describe the complete sources-and-uses picture.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 103% of profit came in as cash: the cash cycle got 40 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 3.6× depreciation over three years. The next section checks what that spending is building.

Indo Amines Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 111 days in FY26, up from 71 days in FY21. It spent ₹191 Cr on assets over the last 3 years. Customers take 89 days to pay, and stock sits for 88 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,160 Cr, each day of that cycle ties up about ₹3.2 Cr, so roughly ₹353 Cr is tied up in the business at any time.

FY26: customers took 89 days to pay and stock sat for 88 days, about 2.9 months of sales sitting as stock, for a full cycle of 111 days, longer than FY21's 71.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 88 days. Customers pay about 89 days after that. Suppliers are paid at 66 days. Together that makes the 111-day cycle.

Spending on assets: ₹191 Cr over the last 3 years, against ₹53.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹31.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Indo Amines Ltd's P/E is 11.5×, near the low end of its own history: it has been lower only 12% of the time. Its usual P/E (the middle reading) is 18.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.