Ameenji Rubber Q2 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹261 Cr
- P/E
- 41.13
- ROE
- 16.57%
- PEG
- 1.88
- Price to sales
- 2.12
- Debt to equity
- 1.00
- 52W high / low
- ₹290 / ₹110
- EBITDA margin
- 15.64%
- Net profit margin
- 5.14%
- Promoter holding
- 67.71%
- Sales (last year)
- ₹123 Cr
Incorporated in 2006, Ameenji Rubber Limited is engaged in the manufacturing, supply, and export of rubber solutions for railways, infrastructure, and other commercial applications.[1]
Guidance scorecard · Q2 FY26 call
What Ameenji Rubber Ltd's management guided
and where it ranks in Industrial Products
Industrial Products
RevenueQ2 FY26 call
20–40%- Ameenji Rubber Limited expects to grow at about 20% to 25% CAGR for the foreseeable future.
- EBITDA margins are anticipated to be maintained between 20% to 25%.
- Railways division, which currently contributes about 55% of revenue, is expected to grow with modernization and upgraded specifications increasing volumes and margins.
- Infrastructure segment revenues, constituting around 40%, are also expected to increase driven by selective contract growth and exports.
- New product lines like conveyor belts are planned to start contributing revenues from the next fiscal year.
- Defense-related products (rubberized wheels for tanks) are under trial with potential future orders.
2 more points from Ameenji Rubber Ltd's call on revenue
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MarginsQ2 FY26 call
FlatSee what Ameenji Rubber Ltd said on margins — free account, 30 seconds.
CapexQ2 FY26 call
Planned- Ameenji Rubber Limited is investing in upgrading existing machinery, including replacing old presses, to improve output and efficiency.
- The company is starting a new product line focused on conveyor belts, with the first press expected to be installed, and revenues projected from the next fiscal year.
- IPO funds have been partially deployed towards machinery advances, with ongoing loan repayments and general corporate use.
- The expansion includes boosting capacity and automation to optimize cost structures and reduce wastage and inefficiencies.
2 more points from Ameenji Rubber Ltd's call on capex
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FundraisingQ2 FY26 call
See what Ameenji Rubber Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY26 call
Rising- The current order book of Ameenji Rubber Limited is active and constantly evolving.
- Management will recheck and provide updated figures later.
- Orders are based on tender processes given the railway and infrastructure sectors.
- Despite capacity utilization of about 40%-50%, the company is well-equipped to scale up if needed.
- Upcoming trial orders in new railway pad specifications and defense wheel supply are expected to contribute to order growth.
- Export orders to Middle East markets like Saudi Arabia and Iraq are picking up, expected to grow in H2 FY26.
2 more points from Ameenji Rubber Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingFinancials of Ameenji Rubber Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Ameenji Rubber Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Ameenji Rubber Ltd
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Sales + | 85.44 | 74.07 | 83.34 | 94.05 |
| Expenses + | 79.44 | 65.18 | 71.13 | 75.05 |
| Operating Profit | 6.00 | 8.89 | 12.21 | 19.00 |
| OPM % | 7.02% | 12.00% | 14.65% | 20.20% |
| Other Income + | 0.14 | 0.13 | 0.90 | 0.38 |
| Interest | 3.07 | 3.21 | 4.21 | 5.21 |
| Depreciation | 1.52 | 1.64 | 1.96 | 3.48 |
| Profit before tax | 1.55 | 4.17 | 6.94 | 10.69 |
| Tax % | 27.74% | 16.07% | 38.04% | 28.16% |
| Net Profit + | 1.12 | 3.50 | 4.31 | 7.68 |
| EPS in Rs | 4.87 | 15.22 | 5.21 | 9.28 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
Financials of Ameenji Rubber Ltd
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 2.30 | 2.30 | 8.28 | 8.28 |
| Reserves | 4.04 | 7.54 | 5.87 | 17.95 |
| Borrowings + | 16.64 | 21.50 | 34.95 | 48.47 |
| Other Liabilities + | 27.79 | 23.85 | 27.10 | 34.88 |
| Total Liabilities | 50.77 | 55.19 | 76.20 | 109.58 |
| Fixed Assets + | 9.62 | 16.33 | 20.12 | 32.21 |
| CWIP | 5.62 | 0.00 | 1.54 | 2.21 |
| Investments | 0.00 | 0.38 | 0.38 | 0.75 |
| Other Assets + | 35.53 | 38.48 | 54.16 | 74.41 |
| Total Assets | 50.77 | 55.19 | 76.20 | 109.58 |
Financials of Ameenji Rubber Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Cash from Operating Activity + | 10.69 | 2.16 | -3.36 | 8.11 |
| Cash from Investing Activity + | -7.12 | -3.04 | -7.10 | -14.21 |
| Cash from Financing Activity + | -6.52 | 2.08 | 9.31 | 6.13 |
| Net Cash Flow | -2.95 | 1.20 | -1.14 | 0.03 |
| Free Cash Flow | 7.94 | -0.58 | -9.93 | -3.37 |
| CFO/OP | 182% | 30% | -15% | 54% |
Financials of Ameenji Rubber Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 64.68 | 47.90 | 64.86 | |
| Inventory Days | 64.51 | 151.70 | 225.24 | |
| Days Payable | 130.56 | 150.23 | 149.58 | |
| Cash Conversion Cycle | -1.37 | 49.37 | 140.52 | |
| Working Capital Days | -27.30 | 8.87 | 23.47 | |
| ROCE % | 27.17% | 25.93% |
Continue your research
What Ameenji Rubber Ltd's management said in earlier quarters
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