Amd Industries Limited

Incorporated in 1983, AMD is promoted by Ashok Gupta, Chairman, who has overfour decades of experience in similar line of business. He is involved in business operations and looks after the company’s day-to-day operations and is supported by his son Adit Gupta, who is the company’s Managing Director. He brings over 20 years of experience to the company. Promoters are assisted by experienced and professional management overseeing the company’s day-to-day operations.

The company generates its revenue by selling crown caps, polyethylene terephthalate (PET) preforms and PET bottles among others to food, beverages and distillery companies. The business is seasonal, with peak demand observed in summers, coinciding with Q1 and Q4 and is highly susceptible to changes in weather conditions. TOI remained largely stable at ₹282.25 crore in FY26 (refers to April 01, 2025, to March 31, 2026; PY: ₹276.53 crore). However, in terms of profitability, PBILDT margin moderate

The company’s supplies the products to several reputed manufacturers in beverage industry such as Hindustan Coca Cola Beverages Private Limited, Moon Beverages Limited, Bisleri International Private Limited, United Breweries Limited, and Reliance Retail Limited among others. AMD has a long-established association its clients that ensures repeat orders. However, revenue profile is concentrated with top 10 customers constituting ~57% of total revenue in FY26 (PY: ~58%). Change in customer’s

PET refers to a thermoplastic polymer resin of the polyester family which is widely used for manufacturing plastic bottles. In comparison with polypropylene (PP), high density polyethylene (HDPE) and poly vinyl chloride (PVC) bottles, PET bottles are more durable, transparent, lightweight, non-reactive, cost-effective, and thermally stable. These are environment-friendly and can be recycled repeatedly, which further reduces manufacturing cost. Primarily used in the packaging of drinking water an

While the company’s capital structure as marked by overall gearing stood comfortable at 0.82x as on March 31, 2026 (PY:0.84x), on decline in profitability in FY26, the company’s debt coverage indicators further weakened as reflected by PBILDT interest coverage and total debt to gross cash accruals (TD/GCA) declining to 1.70x and 12.76x in FY26 from 2.53x and 8.18x in FY25. Elongated operating cycle Nature of the business being highly competitive and seasonal , results in average collection perio

Nature of the business being highly competitive and seasonal , results in average collection period being ~ 88 days in FY26 (PY:94 days). The company offers a reasonable credit period to its customers as majority are large players that have high bargaining power. The company is required to maintain adequate inventory of raw material for smooth production processes, leading to high inventory days of 125 days in FY26 (PY: 128 days). This results in the company’s operations being working capital in

The raw material prices (PET resin and plastic granules) are linked to crude oil prices, which exposes prices and margins to fluctuations in crude prices and demand for petrochemical products. Raw material prices were highly volatile in FY26 (FY refers to April 01 to March 31) amid geopolitical uncertainties, leading to volatility in sales realisation. The company partially passed on the raw material price changes to customers, leaving margins susceptible to fluctuations in input prices