Balaji Amines Ltd
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]
- Market Cap ₹ 5,947 Cr.
- Current Price ₹ 1,839
- High / Low ₹ 2,550 / 1,112
- Stock P/E 37.8
- Book Value ₹ 569
- Dividend Yield 0.60 %
- ROCE 11.0 %
- ROE 8.83 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Promoter holding has increased by 0.92% over last quarter.
Cons
- The company has delivered a poor sales growth of 8.37% over past five years.
- Dividend payout has been low at 9.12% of profits over last 3 years
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
608 | 616 | 640 | 668 | 858 | 940 | 935 | 1,308 | 2,314 | 2,346 | 1,634 | 1,397 | |
517 | 515 | 514 | 519 | 676 | 747 | 754 | 935 | 1,691 | 1,736 | 1,310 | 1,165 | |
Operating Profit | 91 | 102 | 127 | 149 | 182 | 193 | 181 | 373 | 623 | 609 | 324 | 232 |
OPM % | 15% | 17% | 20% | 22% | 21% | 21% | 19% | 29% | 27% | 26% | 20% | 17% |
3 | 4 | 3 | 9 | 12 | 4 | 5 | 6 | 15 | 15 | 30 | 33 | |
Interest | 32 | 35 | 22 | 13 | 9 | 13 | 23 | 18 | 17 | 12 | 6 | 4 |
Depreciation | 16 | 20 | 19 | 20 | 19 | 20 | 32 | 34 | 42 | 46 | 45 | 48 |
Profit before tax | 46 | 51 | 88 | 126 | 166 | 165 | 131 | 327 | 578 | 567 | 302 | 213 |
Tax % | 27% | 35% | 34% | 34% | 32% | 29% | 26% | 25% | 28% | 28% | 23% | 26% |
34 | 33 | 58 | 82 | 113 | 117 | 97 | 243 | 418 | 406 | 232 | 159 | |
EPS in Rs | 10.34 | 10.25 | 17.78 | 25.42 | 34.93 | 36.27 | 32.34 | 73.51 | 113.71 | 100.47 | 63.22 | 48.62 |
Dividend Payout % | 10% | 12% | 11% | 9% | 7% | 8% | 10% | 5% | 5% | 10% | 17% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 8% |
3 Years: | -15% |
TTM: | -14% |
Compounded Profit Growth | |
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10 Years: | 17% |
5 Years: | 10% |
3 Years: | -25% |
TTM: | -23% |
Stock Price CAGR | |
---|---|
10 Years: | 32% |
5 Years: | 27% |
3 Years: | -14% |
1 Year: | -24% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 19% |
3 Years: | 14% |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
Reserves | 195 | 221 | 274 | 356 | 461 | 568 | 652 | 888 | 1,243 | 1,548 | 1,715 | 1,839 |
262 | 256 | 173 | 105 | 152 | 227 | 260 | 127 | 101 | 58 | 20 | 11 | |
158 | 139 | 152 | 168 | 229 | 244 | 195 | 289 | 395 | 351 | 405 | 396 | |
Total Liabilities | 620 | 623 | 605 | 635 | 848 | 1,046 | 1,113 | 1,310 | 1,745 | 1,963 | 2,146 | 2,252 |
325 | 341 | 341 | 325 | 316 | 320 | 573 | 543 | 681 | 780 | 896 | 1,006 | |
CWIP | 8 | 3 | 16 | 25 | 123 | 269 | 46 | 173 | 141 | 113 | 205 | 234 |
Investments | 20 | 0 | 0 | 0 | 0 | 0 | 48 | 0 | 0 | 73 | 0 | 0 |
267 | 278 | 248 | 284 | 409 | 457 | 446 | 594 | 923 | 996 | 1,046 | 1,011 | |
Total Assets | 620 | 623 | 605 | 635 | 848 | 1,046 | 1,113 | 1,310 | 1,745 | 1,963 | 2,146 | 2,252 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
111 | 56 | 85 | 60 | 140 | 94 | 144 | 110 | 220 | 354 | 224 | 255 | |
-50 | -4 | -29 | -10 | -135 | -119 | -130 | -62 | -147 | -210 | -164 | -139 | |
-53 | -55 | -54 | -55 | 16 | 21 | -26 | -37 | -57 | -81 | -75 | -49 | |
Net Cash Flow | 7 | -3 | 2 | -5 | 21 | -4 | -12 | 11 | 16 | 63 | -15 | 68 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 79 | 71 | 71 | 68 | 73 | 65 | 81 | 85 | 93 | 59 | 71 | 72 |
Inventory Days | 87 | 114 | 80 | 106 | 70 | 116 | 77 | 64 | 66 | 89 | 116 | 128 |
Days Payable | 83 | 48 | 58 | 55 | 56 | 60 | 42 | 44 | 54 | 18 | 31 | 32 |
Cash Conversion Cycle | 83 | 136 | 93 | 119 | 87 | 120 | 116 | 104 | 105 | 129 | 156 | 168 |
Working Capital Days | 67 | 95 | 70 | 78 | 74 | 89 | 102 | 91 | 94 | 94 | 116 | 122 |
ROCE % | 18% | 18% | 23% | 30% | 32% | 24% | 18% | 35% | 49% | 36% | 17% | 11% |
Documents
Announcements
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Commencement Of Commercial Production ISOPROPYLAMINE (MIPA/ DIPA)
2d - Balaji Amines starts commercial production of Isopropylamine on June 30, 2025, targeting domestic market.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
26 Jun - Submission of Earning Call Transcript Under Regulation 30 SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
- Closure of Trading Window 26 Jun
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Consent To Operate The Manufacture Of ISOPROPYLAMINE (MIPA/ DIPA)
25 Jun - Received consent for Isopropylamine manufacturing; trial runs and commercial production to start soon.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 Jun
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Jun 2025Transcript PPT
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Feb 2025TranscriptNotesPPT
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Nov 2024Transcript PPT REC
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Aug 2024TranscriptNotesPPT
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May 2024TranscriptPPT
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May 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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Feb 2023TranscriptNotesPPT
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Oct 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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Nov 2021Transcript PPT
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Nov 2020Transcript PPT
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Jul 2020Transcript PPT
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Feb 2020Transcript PPT
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Jan 2020TranscriptNotesPPT
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Dec 2019Transcript PPT
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Nov 2019TranscriptNotesPPT
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Aug 2019Transcript PPT
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Jul 2019TranscriptNotesPPT
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May 2019TranscriptPPT
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Aug 2018TranscriptPPT
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May 2018TranscriptPPT
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Feb 2018TranscriptPPT
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Feb 2017TranscriptPPT
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Feb 2017TranscriptPPT
Market Leadership
The company is the largest manufacturer of aliphatic amines and their derivatives in India and the sole producer of a few specialty chemicals. [1]