---
title: "Amkay Products Ltd (544169) — Share Price, Financials & Analysis"
symbol: "544169"
company: "Amkay Products Ltd"
canonical: "https://tapetide.com/stocks/544169"
isin: "INE0QSB01016"
nse_symbol: "AMKAYPRODUCTSLTD"
bse_code: "544169"
sector: "Healthcare"
industry: "Medical Equipment"
market_cap_cr: 44.7
generated_at: "2026-09-13T18:58:53.676Z"
---

# Amkay Products Ltd (544169)

Canonical page: https://tapetide.com/stocks/544169

## Company

- **NSE Symbol:** AMKAYPRODUCTSLTD
- **BSE Code:** 544169
- **ISIN:** INE0QSB01016
- **Sector:** Healthcare
- **Industry:** Medical Equipment
- **Macro Sector:** Healthcare
- **Stock Type:** EQUITY
- **Listed Since:** 2024-05-08
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** amkayproducts.com

## About

Incorporated in 2007, Amkay Products Ltd manufactures personalized healthcare products[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:34:36.740218Z.

- **Market Cap:** ₹44.7 Cr
- **Classification:** SME
- **P/E (reported):** 19.3
- **EPS (reported):** ₹3.04
- **Book Value:** ₹30.47
- **Price to Book:** 1.69
- **Dividend Yield:** 0%
- **ROE:** 13.87%
- **ROCE:** 18.31%
- **Debt to Equity:** 0.15
- **Revenue (yearly):** ₹42.03 Cr
- **Net Income:** ₹2.25 Cr
- **EBITDA:** ₹3.85 Cr
- **52-Week High:** ₹81.99
- **52-Week Low:** ₹39.22
- **RSI (14):** 49.51

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 0.68% over past five years.
- Company has a low return on equity of 13.2% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 51.52% | — | -0.32% |
| ebitda margin growth | -35.71% | -34.21% | -36.34% | 12.61% |
| net income growth | -44.44% | -31.82% | 21% | -4% |
| revenue growth | -5.56% | 5.87% | 15% | 1% |
| roce | — | -48.35% | -26.99% | 34.82% |
| roe | — | -47.26% | 20.39% | -78.98% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 14.37 | 16.69 | 17.84 | 20.55 | 23.01 | 19.02 |
| Expenses | 12.58 | 15.15 | 15.45 | 18.81 | 20.04 | 18.15 |
| Operating Profit | 1.79 | 1.54 | 2.39 | 1.74 | 2.97 | 0.87 |
| OPM % | 12.46 | 9.23 | 13.4 | 8.47 | 12.91 | 4.57 |
| Other Income | 0.48 | 0.76 | 0.73 | 0.59 | 0.39 | 0.28 |
| Interest | 0.24 | 0.28 | 0.18 | 0.14 | 0.25 | 0.18 |
| Depreciation | 0.26 | 0.3 | 0.34 | 0.49 | 0.43 | 0.46 |
| Profit before tax | 1.77 | 1.72 | 2.6 | 1.7 | 2.68 | 0.51 |
| Tax % | 26.55 | 23.26 | 30 | 10.59 | 26.87 | 33.33 |
| Net Profit | 1.3 | 1.33 | 1.83 | 1.51 | 1.97 | 0.34 |
| EPS in Rs | 2.04 | 2.09 | 2.11 | 1.74 | 2.28 | 0.39 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 26.41 | 40.63 | 36.47 | 27.86 | 31.07 | 38.39 | 42.03 |
| Expenses | 24.82 | 36.14 | 33.78 | 24.93 | 27.74 | 34.26 | 38.18 |
| Operating Profit | 1.59 | 4.49 | 2.69 | 2.93 | 3.33 | 4.13 | 3.85 |
| OPM % | 6.02 | 11.05 | 7.38 | 10.52 | 10.72 | 10.76 | 9.16 |
| Other Income | 0.04 | 0.1 | 0.29 | 0.46 | 1.25 | 1.32 | 0.67 |
| Interest | 0.47 | 0.24 | 0.41 | 0.47 | 0.52 | 0.32 | 0.43 |
| Depreciation | 0.52 | 0.51 | 0.54 | 0.69 | 0.56 | 0.83 | 0.88 |
| Profit before tax | 0.64 | 3.84 | 2.03 | 2.23 | 3.5 | 4.3 | 3.21 |
| Tax % | 25 | 25 | 28.08 | 30.49 | 24.86 | 22.33 | 27.73 |
| Net Profit | 0.48 | 2.88 | 1.47 | 1.55 | 2.63 | 3.34 | 2.31 |
| EPS in Rs | 173.29 | 1039.71 | 530.69 | 559.57 | 4.13 | 3.86 | 2.67 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.28 | 0.28 | 0.28 | 0.28 | 6.36 | 8.66 | 8.66 |
| Reserves | 2.42 | 5.67 | 5.93 | 7.1 | 3.64 | 15.41 | 17.72 |
| Borrowings | 1.62 | 0.42 | 4.33 | 4.7 | 5.47 | 2.64 | 3.93 |
| Other Liabilities | 2.55 | 7.69 | 5.26 | 2.9 | 2.47 | 3.18 | 3 |
| Total Liabilities | 6.87 | 14.06 | 15.8 | 14.98 | 17.94 | 29.89 | 33.31 |
| Fixed Assets | 0 | 0 | 3.91 | 2.4 | 2.58 | 4.14 | 4.27 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0.12 | 0 |
| Investments | 0 | 0.4 | 2.79 | 3.62 | 2.57 | 6.85 | 6.5 |
| Other Assets | 6.87 | 13.66 | 9.1 | 8.96 | 12.79 | 18.78 | 22.54 |
| Total Assets | 6.87 | 14.06 | 15.8 | 14.98 | 17.94 | 29.89 | 33.31 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 0 | -0.25 | 0.01 | -0.66 | -0.32 | 1.18 |
| Cash from Investing Activity | 0 | 0 | -3.07 | -0.34 | 0.48 | -5.84 | -0.4 |
| Cash from Financing Activity | 0 | 0 | 2.59 | 0.31 | 0.24 | 7.59 | 0.86 |
| Net Cash Flow | 0 | 0 | -0.72 | -0.01 | 0.06 | 1.43 | 1.64 |
| Free Cash Flow | 0 | 0 | -2.4 | -0.01 | -1.82 | -3.05 | 0.28 |
| CFO/OP | 0 | 0 | 10 | 32 | 7 | 17 | 54 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 31.23 | 40.43 | 36.33 | 48.47 | 46.87 | 57.14 | 42.81 |
| Inventory Days | 4.54 | 4.18 | 28.03 | 46.61 | 92.57 | 112.95 | 124.73 |
| Days Payable | 41.76 | 82.57 | 64.42 | 44.46 | 33.99 | 36.44 | 28.98 |
| Cash Conversion Cycle | -5.98 | -37.96 | -0.06 | 50.62 | 105.45 | 133.65 | 138.56 |
| Working Capital Days | 10.78 | -8.62 | 21.12 | 54.11 | 56.15 | 103.92 | 96.4 |
| ROCE % | — | 76.33 | 28.86 | 20.87 | 22.36 | 16.88 | 12.77 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 99.89% | 73.44% | 73.44% | 73.44% | 73.44% | 73.44% | 73.44% | 73.44% | 73.44% | 73.44% |
| FIIs | 0% | 5.25% | 0.16% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 6.47% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 11.59% | 22.89% | 22.96% | 23.23% | 23.44% | 23.21% | 23.33% | 23.81% | 23.86% |
| Others | 0.11% | 3.26% | 3.51% | 3.6% | 3.33% | 3.12% | 3.35% | 3.23% | 2.75% | 2.7% |
| No. of Shareholders | 8 | 621 | 606 | 593 | 584 | 548 | 506 | 415 | 394 | 393 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 7 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 52.8 | Sell |
| EMA (10) | 51.03 | Sell |
| SMA (20) | 50.37 | Sell |
| EMA (20) | 51.29 | Sell |
| SMA (50) | 53.81 | Sell |
| EMA (50) | 53.4 | Sell |
| SMA (100) | 59.61 | Sell |
| EMA (100) | 55.13 | Sell |
| SMA (200) | 54.78 | Sell |
| EMA (200) | 56.35 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.16 | Neutral |
| MACD (12,26,9) | -0.58 | Buy |
| Stochastic (14,3,3) | 43.26 | Neutral |
| ADX (14) | 15.96 | Neutral |
| Williams %R (14) | -62.26 | Neutral |
| ATR (14) | 2.9 | High Volatility |
| ROC (12) | 10.22 | Buy |
| Stoch RSI (14) | 47.88 | Neutral |
| UO (7,14,28) | 35.59 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4bb2d412-7a54-4c9c-8a08-89368b0d703d.pdf) |
| 2026-09-07 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ef64c0b4-5b63-494f-b8b5-a747ec2de12c.pdf) |
| 2026-09-07 | [Notice Of 19Th Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bc131d60-be53-4ea9-91c6-3f9bb1147115.pdf) |
| 2026-08-29 | [Clarification On Price Movement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5849a794-5db2-429a-b036-1089ca13d5f6.pdf) |
| 2026-07-04 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eceadd4e-2738-42a5-ade2-a64dcfe5245f.pdf) |
| 2026-05-28 | [Board Meeting Outcome for Outcome Of The Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e6dbf359-bf16-4ffc-abf0-d7c2e9ec14c7.pdf) |
| 2026-05-20 | [Board Meeting Intimation for Consider And Approve Audited Financial Results Of The Company For The Year Ended On March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5802d36f-a862-410a-bb6e-20a968990964.pdf) |
| 2026-04-27 | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3d1d0f66-ff4a-48db-bb7f-994dc8b5308e.pdf) |
| 2026-04-27 | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=677195f4-7d8e-4aaa-8343-b9f0beba3a02.pdf) |
| 2026-04-06 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9f77d32f-b653-45de-ad2a-26c7b164c11f.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Jan - Certificate under Reg 74(5): all shares dematerialised; no rematerialisation requests for quarter ended 31 Dec 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jan - Certificate under Reg 74(5): all shares dematerialised; no rematerialisation requests for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1d588da7-10ee-4843-a10d-064c54573ea2.pdf) |
| 3 Feb - Feb 3, 2026: Dr Pradnya appointed; Anand Agarwal resigned; in‑principle merger of KIA (Net worth Rs.815.80L). | [General Updates 3 Feb - Feb 3, 2026: Dr Pradnya appointed; Anand Agarwal resigned; in‑principle merger of KIA (Net worth Rs.815.80L).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/914eb951-cc53-425a-ada7-e40c7a6c3225.pdf) |
| 27 Apr - Amkay Products confirms it is not a Large Corporate under SEBI debt-fundraising norms. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 27 Apr - Amkay Products confirms it is not a Large Corporate under SEBI debt-fundraising norms.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/677195f4-7d8e-4aaa-8343-b9f0beba3a02.pdf) |
| 27 Apr - Amkay Products confirms it is not a Large Corporate under SEBI debt funding framework. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 27 Apr - Amkay Products confirms it is not a Large Corporate under SEBI debt funding framework.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3d1d0f66-ff4a-48db-bb7f-994dc8b5308e.pdf) |
| 25 Mar - Trading window closed April 1, 2026 until 48 hours after FY2026 results. | [Closure of Trading Window 25 Mar - Trading window closed April 1, 2026 until 48 hours after FY2026 results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fe5789e7-6342-4183-b2e5-0230a59f144f.pdf) |
| 16 Feb - Newspaper Publication - Notice of Postal Ballot | [Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Feb - Newspaper Publication - Notice of Postal Ballot](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3c14ba3e-d7fa-4576-afa2-c82e192d7105.pdf) |
| 14h - Amkay Products confirms it is not a Large Corporate under SEBI debt-fundraising norms. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 14h - Amkay Products confirms it is not a Large Corporate under SEBI debt-fundraising norms.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/677195f4-7d8e-4aaa-8343-b9f0beba3a02.pdf) |
| 14h - Amkay Products confirms it is not a Large Corporate under SEBI debt funding framework. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 14h - Amkay Products confirms it is not a Large Corporate under SEBI debt funding framework.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3d1d0f66-ff4a-48db-bb7f-994dc8b5308e.pdf) |
| 12 Nov 2025 - Unaudited half-year results ended 30 Sep 2025: Revenue Rs2,340.45L; PAT Rs196.80L; EPS Rs2.33; limited review unmodified. | [Board Meeting Outcome for Outcome Of The Board Meeting Held On Wednesday, 12Th November, 2025 For Consider And Approve The Unaudited Financial Result For The Half Year Ended September 30, 2025 12 Nov 2025 - Unaudited half-year results ended 30 Sep 2025: Revenue Rs2,340.45L; PAT Rs196.80L; EPS Rs2.33; limited review unmodified.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8b806495-4164-4741-ab85-ca2f956e71ab.pdf) |
| 12 Nov 2025 - Unaudited H1 FY2025 results: revenue Rs2340.45L, PBT Rs268.80L, PAT Rs196.80L, EPS Rs2.33; LR unmodified. | [Unaudited Financial Result For The Half Year Ended September 30, 2025 12 Nov 2025 - Unaudited H1 FY2025 results: revenue Rs2340.45L, PBT Rs268.80L, PAT Rs196.80L, EPS Rs2.33; LR unmodified.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c4118091-3bd5-47ff-bc78-90068430e762.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-28 | [Audited Financial Result For The Half Year And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=418fee13-9e4a-476c-94f7-13d48bac8fc6.pdf) |
| 2025-11-12 | [Unaudited Financial Result For The Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c4118091-3bd5-47ff-bc78-90068430e762.pdf) |
| 2025-05-23 | [Audited Financial Result For The Financial Year 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3f30b507-2ebf-4efd-9087-f08f361a2343.pdf) |
| 2024-11-29 | [Unaudited Financial Result For The Half Year Ended September 30, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cc397079-4352-4208-8833-f17d365873e6.pdf) |
| 2024-05-29 | [Audited Financial Result For The FY Ended March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=50cbc864-8c35-4529-ab65-7c6aef334375.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bc7cf3c3-82d9-4d1f-84b3-908b46eb40e3.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7ca3e27e-3c23-43b3-80c3-3763ff41b38b.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/72584341-ce24-40b9-8320-bc5237386904.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:58:53.676Z.