Indo Amines Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings

Investors weighing an Indo Amines target price for 2027 should start with where the stock sits today. At Rs 158.50 on 9 October 2026, it is 5.7% below its 52-week high of Rs 168.00 and 93.5% above its 52-week low of Rs 81.90. That range spans 105% from low to high, so the entry point matters as much as the Indo Amines price forecast itself.

This article builds the Indo Amines share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 183 base case and the Rs 219 bull case were reached, along with a downside risk level of Rs 122.

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Indo Amines Stock Analysis: Company Overview and Key Stats

Indo Amines (NSE: INDOAMIN) has a market capitalisation of Rs 1,106 crore. In FY26 it reported revenue of Rs 1,188 crore and net profit of Rs 79.33 crore. The table collects the figures the Indo Amines share price target is built on.

Metric	Value
Company	Indo Amines
NSE Ticker	INDOAMIN
CMP (9 October 2026)	Rs 158.50
52-Week High	Rs 168.00
52-Week Low	Rs 81.90
Market Cap	Rs 1,106 crore
PE Ratio (TTM)	13.61
Industry PE	36.60
Price to Book	2.82
Return on Equity	20.22%
Debt to Equity	0.79
EPS (TTM)	Rs 11.19
Dividend Yield	0.33%
12-Month Base Target	Rs 183
Bull Case	Rs 219
Downside Risk Level (not a target)	Rs 122

Why Is Indo Amines Share Price Target Set at Rs 183 for 2027?

The base-case Indo Amines stock target of Rs 183 applies a PE multiple of 13.61 to a forward EPS estimate of Rs 13.43. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 15.5% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Indo Amines Target Price: Five Years of Results

Indo Amines grew revenue from Rs 796.39 crore in FY22 to Rs 1,188 crore in FY26, a compound annual growth rate of 10.5%. Net profit grew faster, from Rs 23.05 crore to Rs 79.33 crore (36.2% a year), which shows margin gains did part of the work and not just higher sales.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	796.39	23.05	3.26	0.50
FY23	949.24	40.88	5.78	0.50
FY24	959.16	42.97	5.92	0.50
FY25	1,093.91	55.90	7.70	0.50
FY26	1,188.23	79.33	10.79	0.50

FY26 revenue growth was 8.6%, close to the four-year average of 10.5%, and net profit moved up 41.9%. EPS rose from Rs 5.92 in FY24 to Rs 10.79 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Indo Amines converted 6.7% of FY26 revenue into net profit, against 5.1% in FY25, within a five-year range of 2.9% to 6.7%. EBITDA margin was 12.7% in FY26 versus 10.6% in FY25.

In the June 2026 quarter, revenue was Rs 376.08 crore, up 24.1% from the same quarter a year earlier, while net profit of Rs 30.76 crore was up 6.7%. EBITDA came in at Rs 54.24 crore, up 15.8% year on year. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.79, and shareholders' equity grew from Rs 187.70 crore in FY22 to Rs 393.78 crore in FY26. Operating cash flow in FY26 was Rs 78.80 crore against capital expenditure of Rs 78.43 crore, leaving free cash flow of Rs 0.37 crore, or 0.0% of the current market capitalisation. In FY25 free cash flow was negative at Rs 47.78 crore, so cash generation has not been steady year to year.

Valuation Check for the Indo Amines Stock Target: PE, Price to Book and ROE

At a PE of 13.61 against an industry PE of 36.60, Indo Amines trades at a discount to its industry. Price to book is 2.82 on a book value of Rs 54.03 per share, and return on equity is 20.22%. A PE of 13.61 equals an earnings yield of 7.3%, and the FY26 dividend of Rs 0.50 per share gives a yield of 0.33%.

Shareholding Pattern and Institutional Holding

Promoters held 58.42% of Indo Amines in June 2026, and promoter holding has stayed near 58.42% since June 2025. Foreign institutional investors (FII) held 0.08% and domestic institutions (DII) held 0.00%, which puts total institutional holding at 0.08%. FII holding has stayed near 0.08% since June 2025. Public shareholders own the remaining 41.50%. Institutional holding this low means the stock sees limited professional coverage, and price moves can be sharper when trading volumes are thin.

Indo Amines Share Price Targets for the Short Term and 12 Months

Short Term Indo Amines Stock Target Levels: Technical Setup

At Rs 158.50 on 9 October 2026, Indo Amines trades above its 50-day simple moving average of Rs 130.64 and above its 200-day exponential moving average of Rs 128.11. The 14-day RSI reads 71.8, which is overbought territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 168.00 (52-week high) and the nearest support is Rs 130.64 (50-day simple moving average). A sustained move above Rs 168.00 would improve the short-term setup, while a close below Rs 130.64 would shift attention to the next support.

12 Month Indo Amines Target Price for 2027

The 12-month target for Indo Amines is Rs 183: forward EPS of Rs 13.43 at a PE of 13.61. That is 15.5% above Rs 158.50. It would also push the stock above its 52-week high of Rs 168.00.

How EPS Growth and PE Multiple Change the Indo Amines Target Price

EPS Growth	PE 10.89	PE 13.61	PE 15.65
0.0% (EPS Rs 11.19)	Rs 122	Rs 152	Rs 175
20.0% (EPS Rs 13.43)	Rs 146	Rs 183	Rs 210
25.0% (EPS Rs 13.99)	Rs 152	Rs 190	Rs 219

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Indo Amines price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Indo Amines Stock Target in 2027

Bull Case Rs 219

The bull case Indo Amines price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 13.99, and a PE multiple that rises 15% to 15.65. That gives Rs 219, 38.2% above the current price and above the 52-week high of Rs 168.00, so the stock would have to set a fresh 52-week high.

Downside Risk Level Rs 122

The downside risk level is not a target. It assumes EPS stays flat at Rs 11.19 and the PE falls 20% to 10.89. That gives Rs 122, 23.0% below the current price and above the 52-week low of Rs 81.90.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	25.0%	15.65	Rs 219	+38.2%
Base Case	20.0%	13.61	Rs 183	+15.5%
Downside Risk	0.0%	10.89	Rs 122	-23.0%

Key Risks to the Indo Amines Target Price for 2027

Growth Slowdown Risk for the Indo Amines Price Target

Revenue in the June 2026 quarter was up 24.1% year on year, and FY26 revenue growth was 8.6%. If growth slows from here, the EPS estimate behind the Indo Amines stock target will need revising.

Liquidity and Size Risk

Indo Amines has a market capitalisation of Rs 1,106 crore. Institutional holding is 0.08%, and promoters hold 58.42%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.

Valuation and Margin Risk

Net margin was 6.7% in FY26, so a small slip in costs moves profit noticeably. At a PE of 13.61 versus an industry PE of 36.60, a de-rating toward the downside-risk PE of 10.89 would cut the price even if earnings hold.

Market and Technical Risk

The stock trades 5.7% below its 52-week high, with an RSI of 71.8 and a MACD reading above its signal line. Broader market weakness can override company fundamentals in the short term.

How to Invest in Indo Amines

Start with the live price and volume. Any Indo Amines share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 158.50 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Indo Amines' PE, ROE, debt and shareholding in one place.

Check Indo Amines fundamentals on the Univest Screener

Then compare the three Indo Amines target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Indo Amines live price and get daily stock recommendations.

Conclusion

The Indo Amines share price target for 2027 is Rs 183 in the base case, with Rs 219 as the bull case. The support for that view is arithmetic you can check: EPS grew 35.0% a year over FY24 to FY26, and the stock trades at a PE of 13.61. The risks are equally concrete, including institutional holding of only 0.08% and a downside scenario that cuts the price 23% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Indo Amines Share Price Target 2027

What is the Indo Amines share price target for 2027?

Ans. The base-case Indo Amines share price target for 2027 is Rs 183, with Rs 219 as the bull case. The downside risk level, which is not a target, is Rs 122. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.

What is the Indo Amines share price today?

Ans. As of 9 October 2026, 3:29 PM IST, Indo Amines trades at Rs 158.50, up 4.48% on the day. The 52-week range is Rs 81.90 to Rs 168.00.

Is Indo Amines a buy or sell at the current price?

Ans. The data is mixed rather than one-sided: EPS has grown 35.0% a year over FY24 to FY26, but institutional holding is only 0.08%. Whether Indo Amines fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.

What are the bull case target and downside risk level for Indo Amines shares?

Ans. The bull case target is Rs 219, which assumes 25.0% EPS growth and a PE of 15.65. The downside risk level is Rs 122, which assumes flat EPS and a PE of 10.89. It marks a risk, not a target.

What are the main risks to the Indo Amines price target?

Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 1,106 crore, a PE de-rating and short-term weakness in the broader market. Institutional holding is only 0.08%, which can make price moves sharper.

What is the PE ratio of Indo Amines and how does it compare with the industry?

Ans. The PE ratio of Indo Amines is 13.61 against an industry PE of 36.60. Price to book is 2.82 and return on equity is 20.22%. The base case in the Indo Amines price target holds this PE constant.

Who owns Indo Amines, and what is the promoter holding?

Ans. Promoters held 58.42% of Indo Amines in June 2026. FII held 0.08%, DII held 0.00% and the public held 41.50%.

What were Indo Amines' latest quarterly results?

Ans. In the June 2026 quarter, Indo Amines reported revenue of Rs 376.08 crore (up 24.1% year on year) and net profit of Rs 30.76 crore (up 6.7%).