Balaji Amines Ltd

Balaji Amines Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Balaji Amines Ltd

₹ 2,290 2.79%
24 Apr 9:09 a.m.
balajiamines.com BSE: 530999 NSE : BALAMINES
About

Balaji Amines Ltd specialises in manufacturing Methylamines, Ethylamines, Derivatives of specialty chemicals and Pharma Excipients. These have been the main products, it also have facilities for the manufacturing of derivatives, which are down-stream products for various pharma/pesticide industries apart from user specific requirements. It is one of the largest manufacturers of aliphatic amines in India. [1]

Key Points

Product Portfolio[1]
The company has a diversified product portfolio with a basket of over 30 different products. These products are categorised under 3 main categories i.e. Amines, Amine derivatives and Specialty & Other chemicals. Its products includes Methyl Amines, Ethyl amines, Amino Ethanol, acetamide, amine hydrochloride, methyl urea, choline chloride, morpholine, etc.
Its products find application in many industries like Pharma, Agro, Rubber chemicals, photographic chemicals, rocket fuel, pesticides, solvents, performance chemicals, water treatment chemicals, etc.

Website BSE NSE
  • Market Cap ₹ 7,420 Cr.
  • Current Price ₹ 2,290
  • High / Low ₹ 2,736 / 1,873
  • Stock P/E 50.7
  • Book Value ₹ 443
  • Dividend Yield 0.44 %
  • ROCE 23.8 %
  • ROE 17.6 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Debtor days have improved from 73.1 to 55.2 days.

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
365 372 392 435 472 622 515 451 413 347 337 325 308
268 263 279 337 368 495 385 363 357 292 286 277 250
Operating Profit 97 109 113 98 104 127 130 88 56 55 52 48 58
OPM % 26% 29% 29% 22% 22% 20% 25% 19% 14% 16% 15% 15% 19%
2 5 4 4 5 4 3 1 2 4 4 5 6
Interest 2 1 1 1 2 3 1 0 1 0 0 1 1
Depreciation 6 6 7 8 7 7 7 7 9 8 8 8 8
Profit before tax 92 108 110 93 100 121 124 81 49 51 47 44 56
Tax % 23% 26% 25% 25% 25% 32% 25% 25% 26% 26% 27% 26% 25%
70 79 82 70 75 82 93 61 36 38 34 33 42
EPS in Rs 21.65 24.45 25.25 21.48 23.10 25.21 28.60 18.74 11.24 11.64 10.64 10.09 12.82
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
447 509 608 602 632 665 858 947 918 1,227 1,914 1,720 1,318
367 429 517 500 503 513 676 753 738 901 1,473 1,391 1,105
Operating Profit 81 80 91 102 129 151 182 193 180 327 441 330 213
OPM % 18% 16% 15% 17% 20% 23% 21% 20% 20% 27% 23% 19% 16%
4 4 3 3 2 9 12 5 10 12 18 10 19
Interest 21 25 32 31 20 12 9 13 12 5 7 3 2
Depreciation 10 13 16 19 18 18 19 20 24 23 29 31 32
Profit before tax 53 46 46 56 93 130 166 166 154 310 423 305 198
Tax % 32% 32% 27% 35% 34% 34% 32% 29% 26% 25% 27% 25%
36 31 34 36 61 86 113 118 114 232 308 228 146
EPS in Rs 11.01 9.62 10.35 11.22 18.91 26.41 34.93 36.44 35.11 71.51 95.04 70.23 45.19
Dividend Payout % 7% 14% 10% 11% 11% 8% 7% 8% 9% 6% 6% 14%
Compounded Sales Growth
10 Years: 13%
5 Years: 15%
3 Years: 23%
TTM: -34%
Compounded Profit Growth
10 Years: 22%
5 Years: 15%
3 Years: 26%
TTM: -46%
Stock Price CAGR
10 Years: 49%
5 Years: 38%
3 Years: 5%
1 Year: 4%
Return on Equity
10 Years: 23%
5 Years: 23%
3 Years: 25%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 140 166 196 231 285 371 461 569 661 891 1,186 1,394 1,428
216 209 262 236 159 103 115 95 102 -0 -0 -0 -0
105 139 158 129 156 175 237 327 334 394 292 151 132
Total Liabilities 467 520 621 603 607 655 819 997 1,104 1,292 1,484 1,551 1,566
196 234 325 321 322 309 316 318 363 344 495 604 598
CWIP 25 63 8 3 16 25 66 63 46 173 141 74 153
Investments 9 21 21 30 30 30 66 66 114 66 66 128 66
238 203 268 249 238 292 371 550 581 708 782 745 750
Total Assets 467 520 621 603 607 655 819 997 1,104 1,292 1,484 1,551 1,566

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
53 94 111 60 84 72 126 89 148 94 176 216
-56 -86 -50 -14 -30 -23 -93 -47 -130 -87 -142 -132
-1 -10 -53 -49 -52 -54 -29 -29 -31 3 -20 -22
Net Cash Flow -5 -2 7 -3 2 -5 4 13 -13 10 14 61

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 67 74 79 70 69 67 73 64 76 81 83 55
Inventory Days 149 66 87 93 62 88 70 100 66 56 69 97
Days Payable 48 42 83 46 57 55 56 58 40 43 57 13
Cash Conversion Cycle 168 99 83 117 74 100 87 106 102 94 95 139
Working Capital Days 121 75 67 85 58 67 71 82 87 80 80 98
ROCE % 23% 19% 18% 19% 24% 30% 33% 29% 23% 38% 41% 24%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
53.68% 53.70% 53.70% 53.70% 53.70% 53.70% 53.70% 53.71% 53.71% 53.71% 53.71% 53.71%
2.35% 4.00% 3.90% 3.99% 4.51% 4.55% 4.39% 4.45% 4.55% 4.52% 4.58% 4.92%
0.30% 0.48% 0.16% 0.16% 0.18% 0.24% 0.37% 0.34% 0.18% 0.90% 1.43% 1.48%
43.67% 41.82% 42.24% 42.15% 41.61% 41.51% 41.53% 41.50% 41.57% 40.88% 40.31% 39.91%
No. of Shareholders 55,74273,3411,07,4121,21,0441,19,6511,20,7851,29,7021,36,6441,40,9571,44,9901,41,4171,38,017

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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