1. Balaji Amines
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100% Buy

Balaji Amines Share Price

BALAMINES

₹2,298.55+₹30.20 (1.33%) Past Year
₹2,225.00₹2,327.75
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Company overview

About

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Market cap

Market Cap Switch₹7,082 Cr

Open

₹2,277.00

Close

₹2,268.35

Circuit range

₹2,722.00 - ₹1,814.70

Day range

₹2,225.00 - ₹2,327.75

Year range

₹1,880.00 - ₹2,735.00

Volume

2,54,669

Avg. traded

₹2,295.73

Revenue (12m)

₹1,699 Cr

Balaji Amines

Balaji Amines Limited is a chemicals company. One of the leading manufacturers of aliphatic amines in the country, it was set up in 1988. It is headquartered in Solapur, Maharashtra.

The market capitalisation of Balaji Amines Limited is over ₹8,100 crore as of January 9, 2023. The share price of Balaji Amines has gained over 120% in the last three years.

Business operations

Balaji Amines Limited manufactures methylamines, ethyl amines, derivatives of speciality chemicals and natural products. The company was established to meet the growing demand for value-based speciality chemicals. It produces downstream derivatives for various pharmaceutical and pesticide industries, as well as specific customer requirements.

Balaji Amines is the market leader in methyl amines products within India with a capacity of 48,000 MTPA. Approximately 80% of its production is dedicated to value-added products.

Its product range includes amines such as monomethylamine, dimethylamine, trimethylamine, monoethylamine, diethylamine, triethylamine, dimethyl amino ethanol, diethyl amino ethanol, and mono methyl amino ethanol. The company produces specialty chemicals like n-methyl pyrrolidone, morpholine and diethyl hydroxylamine.

Balaji Amines has a portfolio of approximately 30 products manufactured across its four state-of-the-art, fully automated manufacturing facilities in Maharashtra and Telangana. The company maintains a strong global presence, operating in over 60 countries worldwide. Its primary export markets include the USA, UK, Argentina, Latin America, Canada, Israel, Australia, Bangladesh, Germany, Italy, Egypt and South Africa.

In FY23, 15.12% of the total revenue, amounting to ₹260.94 crore, was generated from exports that spanned across continents.

The advanced manufacturing facilities of Balaji Amines are situated in Solapur and Osmanabad districts of Maharashtra) and Sangareddy district in Telangana). These facilities have cutting-edge technology, including digital computerised control systems. The company also has research and development facilities and laboratories supporting fundamental research and process refinement.

In FY23, Balaji Amines established Dimethyl carbonate/propylene carbonate and propylene glycol plants. These plants have a production capacity of 15,000 tonnes of di-methyl carbonate /propylene carbonate and 15,000 tonnes of propylene glycol.

The company also plans to establish a manufacturing facility capable of producing 15,000 MTPA of n-butyl amines. India's domestic requirement for n-butyl amines stood at 8,000 MTPA. Up until now, this demand has been fulfilled only through imports.

Balaji Amines also expanded its portfolio into the hospitality sector by establishing a 129-key hotel in Solapur, managed by the Sarovar Group. Spanning approximately 3 acres of land, the Balaji Sarovar Premier Hotel caters to pilgrims, tourists and business travellers. In FY23, the Balaji Sarovar Premier Hotel achieved a 69% occupancy rate and contributed 1.52% to its overall revenue.

Financial highlights

Balaji Amines Limited's revenue from operations for FY23 stood at ₹2,370.64 crore, up by 1.4%, as compared to ₹2,337.60 crore in FY22. The net profit after tax for FY23 was ₹405.68 crore compared to ₹417.90 crore during the previous year. In FY23, the earnings before interest, tax, depreciation and amortisation (EBITDA) decreased to ₹624.36 crore from the previous year's ₹637.39 crore. The company's earnings per share (EPS) stood at ₹100.47 in FY23 compared to ₹113.71 in FY22.

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Balaji Amines Key indicators

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52 week high

₹2,735.00

52 week low

₹1,880.00

P/E ratio

40.36

P/B ratio

4.47

ROE

17.55%

ROCE

23.77%

Dividend yield

0.44%

Debt/Equity ratio

EPS

70.23

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Investment checklist: (4/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

100%

Hold

0%

Sell

0%

This analysis is based on the reviews of 3 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

19.62%

Net profit margin

13.15%

ROE

17.55%

ROA

14.64%

ROCE

23.77%

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Balaji Amines Shareholder returns

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1 day

+1.33%

1 week

+8.24%

1 month

-1.65%

3 months

-8.33%

1 year

+1.98%

3 years

+15.04%

5 years

+377.17%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balaji Amines Share Price history

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DayOpenCloseDay’s change
Wed, Apr 10 2024
₹2,277.00
₹2,298.55
+0.94%
Tue, Apr 9 2024
₹2,182.10
₹2,268.35
+3.80%
Mon, Apr 8 2024
₹2,255.90
₹2,182.10
-3.38%
Fri, Apr 5 2024
₹2,273.80
₹2,238.40
-1.58%
Thu, Apr 4 2024
₹2,151.85
₹2,273.70
+5.36%
Wed, Apr 3 2024
₹2,134.00
₹2,123.60
-0.49%
Tue, Apr 2 2024
₹2,110.00
₹2,120.95
+0.52%
Mon, Apr 1 2024
₹2,050.00
₹2,098.45
+2.31%

Shareholding info

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Promoters (53.7%)

Mutual Funds (0.07%)

Retail and other (40.3%)

Foreign institutions-FII (4.58%)

Other domestic institutions (1.35%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹10/share

    Ex date 03 Jul 2023

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  • Dividend • ₹6/share

    Ex date 21 Jun 2022

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Frequently asked questions