Amol Minechem Upcoming IPO Shares I Unlisted Shares

Amol Minechem Limited

₹880.00
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ROFR Required
No

Available in Depository:
NSDL
CDSL

Available for Investment:
Primary
Secondary

RATING

RECOMMENDATION

Sell

Business Type

Traditional Business

Investment Checklist

Management

Accounting Practice

Profitability

Solvency

Growth

Valuation

RATING

RECOMMENDATION

Sell

Business Type

Traditional Business

Amol Minechem Unlisted Shares Essentials
Share

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ISIN

INE404C01012

Face Value

₹10.00

Total Share

6,77,652

Total Income

₹24.81 Cr

Profit After Tax

₹4.21 Cr

EPS

₹62.16

P/E

14.16

P/B

1.38

Market Capitalisation

₹59.63 Cr

Enterprise Value

₹59.08 Cr

Book Value

₹636.04

Intrinsic Value

₹712.30

Dividend Yield

0.28 %

Earnings Yield

7.06 %

Sector

Materials

Sub-sector

Comodity Chemicals

Amol Minechem Growth

About Amol Minechem

Amol Minechem Ltd. ("Amol Minechem") is primarily involved in manufacturing of perlite filter aids and perlite products under the technical and financial collaboration with an American company Grefco Inc., USA, pioneers and world leader of perlite products.
However, in 2018-19, Grefco Inc., USA, one of the erstwhile promoters sold its entire shareholding in the company to the Indian promoters and accordingly has been declassified as a promoter.
The company markets perlite filter aids for industrial filtration applications under the Dicamol brand name intentionally. Its products also include perlite ore used in sandblasting, foundry, steel industrial, slag coagulant, special casting sand and mixtures, and silica source applications; and expanded perlite that is applied in cryogenic insulation, horticultural, lightweight aggregate, and lightweight fillers.
In addition, the company offers Perlimix, a lightweight perlite-based aggregate; and perlite fillers and carriers used as anti-caking agents and insecticide carriers, as well as perlite rigid pipe sections and panels for thermal insulation applications. Further, it undertakes cryogenic insulation jobs; and thermal insulation works for pipelines and equipment. It has specially designed portable plants to carry on-site jobs. At present, the company owns 7 such portable plants.
As of 31.03.2021, from a small beginning of 600 Metric Tons per annum, they have now reached 10000 Metric Tons and developed many new applications.
The board of directors at their meeting held on 6th May 2019 and changed the name of the company from "Amol Dilicate Ltd." to "Amol Minechem Ltd."
The company was founded in 1979 and is based in Ahmedabad, India. The company started manufacturing perlite products in the year 1982.

Amol Minechem IPO Details

Currently, the company has no plans to raise funds through IPO.

Amol Minechem Merger & Acquisition

Merger

During the year, the company has filed the scheme of amalgamation of Perlcon Premix Pvt. Ltd. with Amol Minechem Ltd. with the honorable national company law tribunal, Ahmedabad bench. However, the final order for sanctioning the proposed scheme of amalgamation is yet to be received.

Amol Minechem Subsidiaries

Amol Cryogenic Insulation (USA) Inc.
Amol Cryogenic Insulation Ltd. UAE

Amol Minechem Business Model

The company is primarily involved in manufacturing of perlite and related products

Amol Minechem Revenue Segmentation

Sale of Goods
Sale/Rendering of Services

Other Operating Revenue
Other Income

Finance Income

Amol Minechem Product & Services

Perlite ore: Perlite means pearl stone and it is glassy volcanic rock with different colors from gray to black tones.
Expanded perlite: Expanded perlite is an economical insulation for high and low temperature and cyrogenic applications.
Perlite filteraid: Perlite filteraids manufactured by Anmol Minechem Ltd. are marketed globally under the brand name "Dicamol".
Cyrogenic insulation: Perlite is a naturally occurring siliceous volcanic rock containing two to six per cent combined water.
Thermal insulation: Perlitemp is high temperature insulation, precision molded into pipe and block shapes.
Horticulture perlite.

Amol Minechem Assets

Assets as on 31 March 2021

Total Assets:

Particulars	Amount (in Rs. Crores)
Leasehold Land	0.05
Buildings	0.61
Plant and Equipment	1.62
Electric Installation	0.01
Furniture and Fixtures	0
Office Equipment	0.04
Vehicles	0.5

Amol Minechem Industry Overview

Industry Statistics

Perlite is an amorphous volcanic glass that has a relatively high water content, typically formed by the hydration of obsidian. It occurs naturally and has the unusual property of greatly expanding when heated sufficiently. It is an industrial mineral, suitable "as ceramic flux to lower the sintering temperature", and a commercial product useful for its low density after processing. As per
As per ResearchAndMarkets.com, the global perlite market size was expected at USD 1591.73 mn in 2021 which was USD 1491.78 mn in 2020. The growth is primarily driven by robust growth in agriculture and construction industries.

Perlite in the ore form is used in high-temperature applications in the steel, ferrous and non-ferrous industries, as a slag coagulation agent, in laddle topping compounds, as an ingredient in exothermic and insulating sleeves.
With the construction sector picking up and rising demand for perlite in construction industry as a lightweight aggregate due to its thermal insulation properties, the perlite demand has increased.
Development of new grades of perlite and with technological advancements has led to growth of the perlite industry.

Future Prospects

Increasing new applications based on perlite, such as eco-roofs, soil conditioning, waste-water filtration, etc., and government certification for its consumption is likely to act as an opportunity for the market in the future.
As per Grand View Research, the global perlite market size was valued at USD 891.1 mn in 2016 and is expected to reach USD 1,591.4 mn by 2025, ascending at an estimated CAGR of 7.0% over the next 8 years. Factors, such as increasing application in the construction sector and increasing demand for high-temperature insulation from the oil & gas sector, are likely to trigger the market.
The sector expects the preparation of perlite asphalt fiber compositions for separating hydrocarbons, expansion of perlite ore fines, expanded perlite ore toothpaste, and unexpanded perlite ore polishing.

Amol Minechem Awards & Achievements

The central board of indirect taxes and customs conveys its appreciation to Amol Minechem Ltd. having GST registration number 24AABCA2807K1ZZ for their prompt filing of returns and payments of goods and services tax upto the year ending 31st March 2021, thereby substantially contributing to building a strong and resilient nation.

Amol Minechem Strengths

The company is the first manufacturer of perlite filteraid and perlite products in India and is among the largest manufacturers of perlite in India.
In addition to being well-known in the industry, its product commands a strong brand image. The company has made efforts in the new applications and customer development due to which the domestic market has significantly developed over the years.

Amol Minechem Shortcomings

The company's profitability has reduced as the consumer sectors like sand blasting, foundry, steel industries, slag coagulant, special casting sand and mixtures, silica sources and other industries have reduced orders as these sectors had reduced their manufacturing due to pandemic.

Amol Minechem Opportunities

The company is expected to earn higher revenues going forward with the economy picking up and with sectors like sand blasting, foundry, steel industries, slag coagulant, special casting sand and mixtures, silica sources and other industries gradually increasing their production.

Amol Minechem Threats

The company faces threats due to restrictions on the use of refractories due to growing environmental concerns. The manufacturing process of refractories leads to emission of organic particulate matter and harmful gases such as sulfur dioxide, nitrogen oxides, carbon monoxide, carbon dioxide, fluorides and volatile organic compounds.

Amol Minechem Rating

RECOMMENDATION

Sell

Amol Minechem Detail Info

Industry Statistics

PUBLIC LIMITED

Registered In

India

last Updated

12/03/2022

Registered Date

02/07/1979

Planify Ticker

Amol

Reg Office: 401, “Akshay”, 53, Shrimali Society, Navrangpura, Ahmedabad-380009.

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Frequently Ask Questions

The company has expressed no intention of raising funds through IPO

The face value of the company is Rs. 10

Yes, the company is expected to make good profits in the future.

Mr. Shreyas C. Sheth is the chairman and managing director of the company.

Mr. Shreyas C. Sheth is the owner of the company.

The Amol Minechem is almost debt-free having debt equity ratio of 0.01. The company can raise money through debt to grow the company.

We recommend "see" rating on this stock.

The total profit of the company is Rs. 4.21 Cr. in FY21.

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