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Alkyl Amines Chemicals Ltd (AACL) is a chemicals company that makes and sells aliphatic amines, speciality amines and amine derivatives. It was founded in 1979.

The market capitalisation of Alkyl Amines Limited was over ₹12,700 crore as of December 27, 2023. Alkyl Amines Limited share price has gained 57.85% in three years.

Business operations

Alkyl Amines Chemicals Ltd (AACL) supplies amines and amine-based chemicals worldwide, catering to industries such as pharmaceuticals, agrochemicals and rubber. The company offers a diverse product line that includes aliphatic amines, amine derivatives and fine chemicals. Aliphatic amines account for 47% of the total turnover. Amine derivatives contribute 29% and speciality chemicals/amines make up the remaining 24% of the total turnover.

AACL's entire product range is created by its team of research scientists and engineers based at its technology centre in Hadapsar, Pune. It collaborates with its clients to pinpoint specific molecules for scaling up, transitioning from small-scale grams to commercial quantities.

Alkyl Amines Chemicals Ltd's manufacturing presence spans three sites: two in Maharashtra (Patalganga and Kurkumbh) and one in Gujarat (Dahej). Its research & development centre (r&d) and technology and projects office are situated in Pune. It has also established a solar plant in Maharashtra’s Osmanabad and a newly commissioned plant in Parbhani, also in Maharashtra, starting operations in September 2022.

The company manages a network of more than 20 production plants spread across three manufacturing sites with a combined area of over 110 acres in the western regions of Maharashtra and Gujarat. Its operations include:

The company also has two dedicated solar power plants in Maharashtra for its internal use.

In 2022, Alkyl Amines commissioned its second hydrogen plant at the Kurkumbh facility in Maharashtra, enhancing production capacities and reinforcing its commitment to sustainable practices. The year 2022 also saw the opening of the DEK plant at Kurkumbh. Later the company witnessed the commissioning of a captive solar power plant at Manwath, Maharashtra.

In 2021, AAC opened a specialty amine plant at the Kurkumbh site. Simultaneously, the expansion of the methyl amines plant at the Dahej location showcased the company's strategic focus on scaling up specific production lines to meet growing market demands. It also commissioned the acetonitrile plant -2.

The company operates a widespread network with 18 locations within India and an international presence in 20 countries. Approximately 25% of the total turnover stems from export activities. The company had 700 employees as of March 31, 2023

Financial Highlights

• Alkyl Amines Chemicals Limited's revenue from operations for FY23 stood at ₹1,682.33 crore from ₹1,541.99 crore in FY22.
• The company recorded a PAT (profit after tax) of ₹228.66 crore in FY23 against ₹224.89 crore in FY22.
• In FY23, the earnings before interest, taxes, depreciation and amortisation (EBITDA) increased to ₹357.05 crore from the previous year's ₹340.14 crore.
• The company’s earnings per share (EPS) stood at ₹44.75 in FY23 compared to ₹44.04 in the previous financial year.