AMS Polymers grows revenue 8.5% but profit stays flat
Costs rose in lockstep with sales at the nano-cap polymer company, leaving the bottom line unchanged.
— 3 earlier stories on AMS Polymers Ltd. →Mkt cap₹14.56 cr
P/E18.48×
ROE14.71%
Debt / eq.2.85
₹10,959.75 lacs FY2026 revenue, up ~8.5% year-on-year.
What's new
- FY2026 revenue grew ~8.5% to ₹10,959.75 lacs from ₹10,096.36 lacs.
- Net profit was nearly flat at ₹78.84 lacs versus ₹77.02 lacs.
- Board appointed an internal auditor for the new fiscal year.
Why this matters
Revenue grew, profit didn't. For a company with a ₹24 crore market cap, that means new sales were fully consumed by higher costs. The filing gives no reason.
What we're watching
- Whether the new internal auditor flags any control issues.
- If profit growth follows the revenue trend in coming quarters.
- Any movement in promoter holding post-results.
The full read
AMS Polymers, a ₹24 crore market-cap company, grew revenue ~8.5% in FY2026. Top-line reached ₹10,959.75 lacs, up from ₹10,096.36 lacs. Profit was flat. Net profit was ₹78.84 lacs, versus ₹77.02 lacs a year earlier. Costs grew in lockstep with sales. The only other action was the routine appointment of an internal auditor. This is a nano-cap with steady growth and no surprises.
Questions answered
- How much did AMS Polymers' profit change in FY26?
- Net profit rose 2.3% to ₹78.84 lacs from ₹77.02 lacs. The growth was negligible despite the top-line increase.
- Were there any exceptional items or guidance changes?
- No. The filing contained no exceptional items, guidance changes, or material disclosures beyond the standard audited financials.
- What was the purpose of the internal auditor appointment?
- The appointment is a routine annual governance requirement. No specific concerns were cited in the filing.
Mentioned: ₹10,959.75 lacs revenue · ₹78.84 lacs net profit · ₹24 cr market cap
Company snapshot
AMS Polymers Ltd.
Miscellaneous
₹24 cr
P/E 29.95×
Latest quarter · Mar 2026
Sales₹29 cr
Net profit₹0 cr
Op. margin+1.6%
EPS₹0.31
Strength & growth
Debt / equity2.85×
Current ratio1.07×
Sales CAGR+131.9%
Story so far
All notes on AMS →- 25 May 2026 · 4:02 PM IST AMS Polymers grows revenue 8.5% but profit stays flat
- 45d ago AMS Polymers records modest revenue growth for FY26
- 45d ago AMS Polymers FY26 revenue reaches ₹10,959.75 lacs
- 45d ago AMS Polymers posts ₹78.84 lacs net profit on ₹10,959.75 lacs revenue