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Balaji Amines Ltd (BALAMINES)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530999 NSE: BALAMINES Chemicals | Small Cap | Balaji Amines Share Price

₹2,160 -82.55 (-3.68%)

As on 10-Jun'26 16:01

Balaji Amines Ltd (BALAMINES)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530999 NSE: BALAMINES Chemicals | Small Cap | Balaji Amines Share Price

₹2,160 -82.55 (-3.68%)

As on 10-Jun'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹7,266 Cr.
Current Price
₹2,160
52-Week Low / High
₹905 / 2,260
TTM EPS
₹51.1
TTM Sales
₹1,292 Cr.
Book Value per Share
₹550.9
P/E Ratio
43.90
Higher than its 5-year historical median
Industry PE
50
Price to Book (P/B)
4.07
Lower than its 5-year historical median
Price to Sales (P/S)
5.63
Higher than its 5-year historical median
EV/EBITDA
25.41
Higher than its 5-year historical median
Dividend Yield
0.91%
Profitability Efficiency
Return on Equity (ROE)
9.80%
In line with industry median
Return on Capital Employed (ROCE)
13.22%
In line with industry median
Return on Assets (ROA)
8.71%
Operating Profit Margin
17.8%
Net Profit Margin
12.27%
Gross Profit Margin
19.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-4.8%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-8.17%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-8.81%
Asset Quality
Promoter Holding
54.59%
Pledged shares (%) of Promoter's holding (%)
17.67%
Reserves
₹1,778 Cr.
Equity
₹6.5 Cr.
Face Value
₹2
All Time Low / High
₹1.56 / 5220.00

Balaji Amines stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Balaji Amines Ltd a good quality company?
Balaji Amines Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Balaji Amines Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Balaji Amines Ltd vs industry peers?
Balaji Amines Ltd revenue CAGR is 6.74%, compared to the industry median CAGR of 7.53%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Balaji Amines Ltd?
Promoters hold 54.59% of the Balaji Amines Ltd, with 17.67% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Balaji Amines Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 23.7% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Balaji Amines Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 24.5%30.5%32.9%28.6%23%37.8%41.2%23.8%15.9%13.2%-
Value Creation
Index
0.81.21.41.00.71.82.10.80.2-0.1-

Growth Parameters

Sales 6356688619509191,2281,9211,7261,3381,2741,292
Sales YoY Gr.-5.1%29%10.3%-3.2%33.6%56.4%-10.1%-22.5%-4.8%-
Adj EPS 18.22533.13634.270.59370.352.146.851.1
YoY Gr.-37.8%32.2%8.9%-5.1%106.1%31.9%-24.4%-25.9%-10.3%-
BVPS (₹) 90116.4144.2177.5206.1277368432.2473.6510.9550.9
Adj Net
Profit
58.981.1107117111228301228169151166
Cash Flow from Ops. 83.572.212689.114893.9176187217224-
Debt/CF from Ops. 1.91.40.91.10.700000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8%6.7%-12.8%-4.8%
Adj EPS 11.1%6.5%-20.5%-10.3%
BVPS21.3%19.9%11.6%7.9%
Share Price 25% -4.4% 0.1% 44.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
22.224.325.422.417.829.228.817.611.59.59.6
Op. Profit
Mgn %
19.822.721.120.219.126.22319.218.417.819.1
Net Profit
Mgn %
9.312.212.512.312.118.615.713.212.611.912.8
Debt to
Equity
0.60.30.30.20.2000000
Working Cap
Days
125130136172219188135147171165104
Cash Conv.
Cycle
686263748371679712612289

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales6356688619509191,2281,9211,7261,3381,274
Operating Expenses + 5095166797587439061,4801,3971,0911,047
Manufacturing Costs727493104102126233227188186
Material Costs3493414645225116231,0731,005756706
Employee Cost 20232729333193807273
Other Costs 6978951029712580857582
Operating Profit 125151182192176322441330247226
Operating Profit Margin (%) 19.8%22.6%21.1%20.2%19.1%26.2%23.0%19.1%18.4%17.8%
Other Income + 68127141718102123
Exceptional Items 0110000000
Interest 20129131257322
Depreciation 18181920242329313438
Profit Before Tax 93130166166154310423305232209
Tax 324553484078115786053
Profit After Tax 6186113118114232308228171156
PAT Margin (%) 9.7%12.8%13.1%12.4%12.4%18.9%16.0%13.2%12.8%12.3%
Adjusted EPS (₹)18.926.434.936.435.171.595.070.252.948.2
Dividend Payout Ratio (%)10.60%8.30%7.40%7.70%9.10%5.60%6.30%14.20%20.80%22.80%

Valuation of Balaji Amines - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2923774675756688971,1921,4001,5341,655
Share Capital 6666666666
Reserves 2853714615696618911,1861,3941,5281,649
Debt +134811069510200000
Long Term Debt451560000000
Short Term Debt89661009510200000
Minority Interest0000000000
Trade Payables485172835674167367366
Others Liabilities 133145175244278321125187129129
Total Liabilities 6076558199971,1041,2921,4841,6241,7361,850

Fixed Assets

Net Fixed Assets +322309316318363344490599719828
Gross Block4414454795005695727448741,0251,171
Accumulated Depreciation119136163182206228254275306343
CWIP 162566634617314174143154
Investments 3030666611466661286666
Inventories5982891439296203267263251
Trade Receivables120122173167191272436260262246
Cash Equivalents 8372071848161206243
Others Assets 50841022192913221011347763
Total Assets 6076558199971,1041,2921,4841,6241,7361,850

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 84721268914894176187217224
PBT 113142175183166315423305232209
Adjustment 16131514141129302228
Changes in Working Capital -32-57-21-5519-194-170-771027
Tax Paid -13-26-43-53-52-38-106-72-47-40
Cash Flow From Investing Activity + -30-23-93-47-130-87-142-155-190-179
Capex -32-13-68-19-52-131-147-76-221-157
Net Investments 00-360-48480-6016-33
Others 2-1011-28-30-36-191511
Cash Flow From Financing Activity + -52-54-29-29-313-20-22-35-38
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -28-30-9-6000000
Interest Paid -20-12-9-13-12-5-7-3-2-2
Dividend Paid -4-6-9-10-21-2-13-19-32-36
Others 0-6-3021000-0-0
Net Cash Flow 2-5413-13101410-88

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)23.1525.5826.8122.6618.3129.6129.4717.5511.679.8
ROCE (%)24.4830.5332.9128.623.0437.8241.1723.7715.9313.22
Asset Turnover Ratio1.141.151.191.050.871.021.391.110.80.71
PAT to CFO Conversion(x)1.380.841.120.751.30.410.570.821.271.44
Working Capital Days
Receivable Days62.3060.7061.5065.3071.1068.9067.2073.5071.3072.60
Inventory Days39.4035.4035.7044.5046.602828.3049.6072.3073.40
Payable Days48.1053.1048.5054.3049.80384136.9026.3036

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.0017.6717.67
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Balaji Amines Ltd FAQs

The current trading price of Balaji Amines on 10-Jun-2026 16:01 is ₹2,160.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Jun-2026 the market cap of Balaji Amines stood at ₹7,266.1 Cr

The latest P/E ratio of Balaji Amines as of 09-Jun-2026 is 43.90.

The latest P/B ratio of Balaji Amines as of 09-Jun-2026 is 4.07.

The 52-week high of Balaji Amines is ₹2,260 and the 52-week low is ₹905.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Balaji Amines is ₹1,292 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Balaji Amines Ltd is a good quality company.

The key valuation ratios of Balaji Amines Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Balaji Amines Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Balaji Amines Ltd

Balaji Amines (BAL) incorporated in 1988; is engaged in manufacturing of methylamines, ethylamines, derivatives of specialty chemicals and natural products. The company was set up to cater to the growing requirements of value based Specialty Chemicals.

The company also manufactures derivatives, which are down stream products for various Pharma /Pesticide industries apart from user specific requirements. Balaji Amines (BAL) is one of the leading manufacturers of Aliphatic Amines in India.

BAL manufacturing facility is located in Maharashtra and is fully equipped with latest technology like digital computerized controlled systems. The company has received ISO 9001: 2000 certification for its quality systems. BAL also owns research and development facility that conducts basic research and also to fine tune the process.

Globally the company has presence in countries like UK, USA, Latin America, Canada, Israel, Pakistan, Bangladesh, Oman, Germany, Italy, Egypt, South Africa, Korea, Taiwan, Spain, Polland are among others.

Products

Amines- Under amines the company manufactures Monomethylamine, Dimethylamine, Trimethylamine, Monoethylamine, Diethylamine, Triethylamine, Dimethyl Amino Ethanol, Diethyl Amino Ethanol And Mono Methyl Amino Ethanol.

Speciality Chemicals- Under speciality chemicals, BAL manufactures N-Methyl Pyrrolidone, Morpholine, Diethyl Hydroxylamine and 2-Pyrrolidone.

Derivatives- The company manufactures Di-Methyl Acetamide, Di-Methyl Amine Hydrochloride, Tri-Methyl Amine Hydrochloride, Di-Ethyl Amine Hydrochloride, Tri-Ethyl Amine Hydrochloride, Benzyl Tri Ethyl Ammonium Chloride, Mono Methyl Urea, Di-Methyl Urea, Choline Chloride and New 25.      

Natural Products- BAL manufactures Camptothecin, 10 Dab III, Coleus Forskohlii, Calcium Sennosoid and Solanesol.

Awards

2009 - Balaji Amines Ltd. has been awarded "Certificate of Merit" award for Outstanding Export Performance for the year 2005-2006 by Chemexcil.
2012 - Balaji Amines Ltd awarded best manufacturer-exporter At ECGG- D & B Indian Exporter Excellence Awards 2012.

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