Amol Minechem Ltd

Indicative price history

Key highlights

• India's largest perlite producer, founded 1979 as Amol Dicalite; filter-aid, cryogenic, insulation and horticultural grades.
• FY24 sales ₹68.11 Cr, EBITDA ₹18.46 Cr, net profit ₹12.10 Cr; FY25 profit about ₹6.2 Cr (EPS ₹75.95), book value ₹846 a share.
• Only 8,19,135 shares of ₹10 (paid-up ₹81.91 lakh); market cap about ₹73.7 Cr at the ₹900 UnlistedZone rate — 1.06x book.
• Formerly BSE-listed (CIN L14100GJ1979PLC003439), now recorded as public unlisted; dealer quotes range from ₹598 to ₹900.

About Amol Minechem

Amol Minechem Limited, incorporated in Ahmedabad on 2 July 1979 as Amol Dicalite Limited, is India's largest producer of perlite — a volcanic glass that expands up to twenty-fold when heated and is used as a filter aid in sugar, brewing, edible-oil and pharmaceutical filtration, as cryogenic insulation in LNG, oxygen and industrial-gas tanks, as lightweight aggregate and thermal insulation in construction, and as a growing medium in horticulture. The company mines and imports perlite ore and expands it at its Gujarat works, selling perlite ore, perlite filter aid, cryogenic-grade perlite, thermal-insulation perlite and horticultural perlite to Indian and export customers. The 'Dicalite' name came from the US diatomite and perlite producer whose technology the company originally used; it was renamed Amol Minechem after the licence ended.

The company is promoted by the Sheth family of Ahmedabad; the management names published by broker databases are Shreyas C Sheth, Priti S Sheth and Naishadh Parikh, who also sit on group company Amol Packin Limited. Paid-up capital is ₹81.91 lakh — 8,19,135 shares of ₹10 — an unusually small share count that makes the per-share figures large. Its corporate identity number was originally L14100GJ1979PLC003439, the 'L' marking a listed company: Amol Dicalite was quoted on BSE (and the Ahmedabad Stock Exchange) for years, but broker terminals now show a nil BSE price and the registry records the company as a public unlisted company under U14100GJ1979PLC003439. The delisting route and date could not be verified from public snippets; it is most likely a voluntary or regional-exchange exit of the 2000s–2010s, and should be confirmed from BSE notices before trading.

Financially the business is small, profitable and debt-light. Dealer summaries of the audited accounts show sales and operating income of ₹59.66 Cr in FY23 and ₹68.11 Cr in FY24 (up 14%), EBITDA of ₹11.95 Cr and ₹18.46 Cr, and net profit of ₹12.19 Cr and ₹12.10 Cr — FY23 profit exceeded EBITDA because of sizeable investment income. FY25 was weaker: a data vendor reports net sales up 1.24% but operating profit and net profit down about 48%, consistent with wwipl's FY25 EPS of ₹75.95 (profit about ₹6.2 Cr) and book value of ₹846.14 a share (net worth about ₹69 Cr). The company is believed to carry negligible borrowings and a portfolio of investments; no dividend record was found in the sources.

The rate used is UnlistedZone's indicative ₹900 a share (as of 26 July 2026, lot 50), which is also its 52-week low against a high of ₹995. Other dealers quote much lower — wwipl last traded ₹600 (52-week high ₹750 on 25 March 2026, lot 100) and Planify ₹598 (1 July 2026, 52-week high ₹1,239) — while Sharescart matches ₹900, so the spread between dealers is about 50% and the quote is negotiable. At ₹900 the market capitalisation is about ₹73.7 Cr: roughly 12 times FY25 profit, 6 times FY24 profit and 1.06 times book value; at ₹600 it would be 0.7 times book.

Verification status (10 Oct 2026): CIN, incorporation date, registered office, paid-up capital and ISIN are from registry aggregators (InstaFinancials), the LEI register and wwipl; FY23–FY24 revenue, EBITDA and profit are from Planify's summary of the filed accounts; FY25 is derived from EMIS growth rates and wwipl's EPS/book value and is therefore approximate; management names are from a broker database without DINs. Expense breakdowns, balance-sheet composition, cash flows, headcount, shareholding split, the delisting history and the plant location are estimates or unverified and are marked as such. The company has no website in the sources found.

Where the revenue comes from

• Perlite filter aid45%

  Filtration grades for sugar, breweries, edible oil, pharma and water (estimate)

• Cryogenic & thermal-insulation perlite30%

  Expanded perlite for LNG, oxygen and industrial-gas tanks and construction insulation (estimate)

• Perlite ore, horticulture & construction grades25%

  Raw ore sales, horticultural perlite and lightweight aggregate (estimate)

Products & services