Balaji Amines Ltd - Stock Valuation and Financial Performance

BSE: 530999 | NSE: BALAMINES | Chemicals | Small Cap

Balaji Amines Share Price

2,269.55 -25.10 -1.09%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Balaji Amines

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Balaji Amines stock performance -

mw4me loader
P/E Ratio (SA):
50.22
Market Cap:
7,353.6 Cr.
52-wk low:
1,872.9
52-wk high:
2,736.4

Is Balaji Amines Ltd an attractive stock to invest in?

1. Is Balaji Amines Ltd a good quality company?

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

2. Is Balaji Amines Ltd undervalued or overvalued?

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.

3. Is Balaji Amines Ltd a good buy now?

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

10 Year X-Ray of Balaji Amines:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 12.1%12.6%15.8%19.2%21.4%20.1%16.6%27.8%29.3%17.7%-
Value Creation
Index
-0.1-0.10.10.40.50.40.21.11.20.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6106056356688619509191,2281,9211,7261,318
Sales YoY Gr.--0.9%5%5.1%29%10.3%-3.2%33.6%56.4%-10.1%-
Adj EPS 9.611.418.22533.13634.270.59370.345.2
YoY Gr.-19.2%59.7%37.8%32.2%8.9%-5.1%106.1%31.9%-24.4%-
BVPS (₹) 62.473.490116.4144.2177.5206.1277368432.2455.4
Adj Net
Profit
30.936.958.981.1107117111228301228146
Cash Flow from Ops. 11159.683.572.212689.114893.9176216-
Debt/CF from Ops. 2.441.91.40.91.10.7000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.3%14.9%23.4%-10.1%
Adj EPS 24.8%16.3%27.2%-24.4%
BVPS24%24.6%28%17.4%
Share Price 48.6% 36.4% 6.8% -9.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
16.516.822.224.325.422.417.829.228.817.610.2
Op. Profit
Mgn %
14.317.119.822.721.120.219.126.22319.216.2
Net Profit
Mgn %
5.16.19.312.212.512.312.118.615.713.211.1
Debt to
Equity
1.310.60.30.30.20.2000-
Working Cap
Days
12513912513013617221918813514799
Cash Conv.
Cycle
6472686263748371679788

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 23.38%

Net Profit is growing at healthy rate in last 3 years 27.15%

Return on Equity has declined versus last 3 years average to 10.20%

Sales growth is not so good in last 4 quarters at -32.99%

Latest Financials - Balaji Amines Ltd.

Standalone Consolidated
TTM EPS (₹) 45.2 56.9
TTM Sales (₹ Cr.) 1,318 1,699
BVPS (₹.) 455.4 513.7
Reserves (₹ Cr.) 1,469 1,658
P/BV 4.98 4.42
PE 50.22 39.92
From the Market
52 Week Low / High (₹) 1872.90 / 2736.35
All Time Low / High (₹) 1.56 / 5220.00
Market Cap (₹ Cr.) 7,354
Equity (₹ Cr.) 6.5
Face Value (₹) 2
Industry PE 49.3

Management X-Ray of Balaji Amines:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Balaji Amines

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales6106056356688619509191,2281,9211,726
Operating Expenses 5235035095166797587439061,4801,397
Manufacturing Costs8890727493104102126233227
Material Costs3813513493414645225116231,0731,005
Employee Cost 16182023272933319380
Other Costs 3744697895102971258085
Operating Profit 87102125151182192176322441330
Operating Profit Margin (%) 14.3%16.9%19.8%22.6%21.1%20.2%19.1%26.2%23.0%19.1%
Other Income 636812714171810
Interest 3231201291312573
Depreciation 16191818192024232931
Exceptional Items 0001100000
Profit Before Tax 465693130166166154310423305
Tax 121932455348407811578
Profit After Tax 34366186113118114232308228
PAT Margin (%) 5.5%6.0%9.7%12.8%13.1%12.4%12.4%18.9%16.0%13.2%
Adjusted EPS (₹)10.411.218.926.434.936.435.171.595.070.2
Dividend Payout Ratio (%)10%11%11%8%7%8%9%6%6%14%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2022382923774675756688971,1921,400
Share Capital 6666666666
Reserves 1962312853714615696618911,1861,394
Minority Interest0000000000
Debt2282081348110695102000
Long Term Debt89734515600000
Short Term Debt139136896610095102000
Trade Payables864448517283567416736
Others Liabilities 104113133145175244278321125187
Total Liabilities 6216036076558199971,1041,2921,4841,624

Fixed Assets

Gross Block409422441445479500569572744874
Accumulated Depreciation84101119136163182206228254275
Net Fixed Assets325321322309316318363344490599
CWIP 83162566634617314174
Investments 2130303066661146666128
Inventories91905982891439296203267
Trade Receivables132115120122173167191272436260
Cash Equivalents 1078372071848161
Others Assets36385084102219291322101134
Total Assets 6216036076558199971,1041,2921,4841,624

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1116084721268914894176216
PBT 7787113142175183166315423305
Adjustment 14151613151414112930
Changes in Working Capital 32-33-32-57-21-5519-194-170-48
Tax Paid -12-10-13-26-43-53-52-38-106-72
Cash Flow From Investing Activity -50-14-30-23-93-47-130-87-142-132
Capex -53-8-32-13-68-19-52-131-147-76
Net Investments 0-1000-360-48480-60
Others 332-1011-28-30-364
Cash Flow From Financing Activity -53-49-52-54-29-29-313-20-22
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -18-16-28-30-9-60000
Interest Paid -32-31-20-12-9-13-12-5-7-3
Dividend Paid -4-3-4-6-9-10-21-2-13-19
Others 020-6-3021000
Net Cash Flow 7-32-5413-13101461
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)17.8916.5323.1525.5826.8122.6618.3129.6129.4717.55
ROCE (%)17.6118.5824.4830.5332.9128.623.0437.8241.1723.77
Asset Turnover Ratio1.171.071.141.151.191.050.871.021.391.11
PAT to CFO Conversion(x)3.261.671.380.841.120.751.30.410.570.95
Working Capital Days
Receivable Days64686261616571696773
Inventory Days40503935364547282850
Payable Days58684853485450384137

Balaji Amines Ltd Stock News

Balaji Amines Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Balaji Amines on 12-Apr-2024 16:59 is ₹2,269.6.
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 12-Apr-2024 16:59 the market cap of Balaji Amines stood at ₹7,353.6.
The latest P/E ratio of Balaji Amines as of 12-Apr-2024 16:59 is 50.22.
The latest P/B ratio of Balaji Amines as of 12-Apr-2024 16:59 is 4.98.
The 52-week high of Balaji Amines is ₹2,736.4 and the 52-week low is ₹1,872.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Balaji Amines is ₹1,318 ( Cr.) .

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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