Is Balaji Amines a good quality company?

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

Is Balaji Amines 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 .

What is Balaji Amines share price return in the past 10 years?

Balaji Amines Ltd share price has appreciated 41.5% annually (CAGR) over the past ten years.

Is Balaji Amines a good buy now?

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

Balaji Amines Ltd - Stock Valuation and Financial Performance

Name: Balaji Amines
Brand: Balaji Amines

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

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Balaji Amines Share Price

₹2,370 97.55 4.29%
as on 26-Jul'24 16:01

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	12.6%	15.8%	19.2%	21.4%	20.1%	16.6%	27.8%	29.3%	17.7%	11.6%	-
Value Creation Index ⓘ	-0.1	0.1	0.4	0.5	0.4	0.2	1.1	1.2	0.3	-0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	605	635	668	861	950	919	1,228	1,921	1,726	1,338	1,338
Sales YoY Gr.	-	5%	5.1%	29%	10.3%	-3.2%	33.6%	56.4%	-10.1%	-22.5%	-
Adj EPS ⓘ	11.4	18.2	25	33.1	36	34.2	70.5	93	70.3	52.1	52.9
YoY Gr.	-	59.7%	37.8%	32.2%	8.9%	-5.1%	106.1%	31.9%	-24.4%	-25.9%	-
BVPS (₹) ⓘ	73.4	90	116.4	144.2	177.5	206.1	277	368	432.2	473.6	473.6
Adj Net Profit ⓘ	36.9	58.9	81.1	107	117	111	228	301	228	169	171
Cash Flow from Ops. ⓘ	59.6	83.5	72.2	126	89.1	148	93.9	176	187	170	-
Debt/CF from Ops. ⓘ	4	1.9	1.4	0.9	1.1	0.7	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9.2%	7.1%	2.9%	-22.5%
Adj EPS ⓘ	18.4%	7.7%	-9.6%	-25.9%
BVPSⓘ	23%	21.7%	19.6%	9.6%
Share Price	41.5%	56.1%	-11.3%	9.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	16.8	22.2	24.3	25.4	22.4	17.8	29.2	28.8	17.6	11.5	11.2
Op. Profit Mgn % ⓘ	17.1	19.8	22.7	21.1	20.2	19.1	26.2	23	19.2	18.4	18.4
Net Profit Mgn % ⓘ	6.1	9.3	12.2	12.5	12.3	12.1	18.6	15.7	13.2	12.6	12.8
Debt to Equity ⓘ	1	0.6	0.3	0.3	0.2	0.2	0	0	0	0	0
Working Cap Days ⓘ	139	125	130	136	172	219	188	135	147	171	95
Cash Conv. Cycle ⓘ	72	68	62	63	74	83	71	67	97	126	83

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 11.20%

Sales growth has been subdued in last 3 years 2.90%

Net Profit has been subdued in last 3 years -9.57%

Sales growth is not so good in last 4 quarters at -20.49%

Latest Financials - Balaji Amines Ltd.

	Standalone	Consolidated
TTM EPS (₹)	52.9	63.2
TTM Sales (₹ Cr.)	1,338	1,642
BVPS (₹.) ⓘ	473.6	531.4
Reserves (₹ Cr.) ⓘ	1,528	1,715
P/BV ⓘ	5.01	4.46
PE ⓘ	44.83	37.49

From the Market
52 Week Low / High (₹)	1965.05 / 2736.35
All Time Low / High (₹)	1.56 / 5220.00
Market Cap (₹ Cr.)	7,680
Equity (₹ Cr.)	6.5
Face Value (₹)	2
Industry PE ⓘ	56.8

Management X-Ray of Balaji Amines:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Balaji Amines

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Balaji Amines

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	605	635	668	861	950	919	1,228	1,921	1,726	1,338
Operating Expenses ⓘ	503	509	516	679	758	743	906	1,480	1,397	1,091
Manufacturing Costs	90	72	74	93	104	102	126	233	227	189
Material Costs	351	349	341	464	522	511	623	1,073	1,005	756
Employee Cost	18	20	23	27	29	33	31	93	80	72
Other Costs ⓘ	44	69	78	95	102	97	125	80	85	75
Operating Profit ⓘ	102	125	151	182	192	176	322	441	330	247
Operating Profit Margin (%)	16.9%	19.8%	22.6%	21.1%	20.2%	19.1%	26.2%	23.0%	19.1%	18.4%
Other Income ⓘ	3	6	8	12	7	14	17	18	10	21
Interest ⓘ	31	20	12	9	13	12	5	7	3	2
Depreciation ⓘ	19	18	18	19	20	24	23	29	31	34
Exceptional Items ⓘ	0	0	1	1	0	0	0	0	0	0
Profit Before Tax ⓘ	56	93	130	166	166	154	310	423	305	232
Tax ⓘ	19	32	45	53	48	40	78	115	78	60
Profit After Tax	36	61	86	113	118	114	232	308	228	171
PAT Margin (%)	6.0%	9.7%	12.8%	13.1%	12.4%	12.4%	18.9%	16.0%	13.2%	12.8%
Adjusted EPS (₹)	11.2	18.9	26.4	34.9	36.4	35.1	71.5	95.0	70.2	52.9
Dividend Payout Ratio (%)	11%	11%	8%	7%	8%	9%	6%	6%	14%	21%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	238	292	377	467	575	668	897	1,192	1,400	1,534
Share Capital ⓘ	6	6	6	6	6	6	6	6	6	6
Reserves ⓘ	231	285	371	461	569	661	891	1,186	1,394	1,528
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	208	134	81	106	95	102	0	0	0	0
Long Term Debt	73	45	15	6	0	0	0	0	0	0
Short Term Debt	136	89	66	100	95	102	0	0	0	0
Trade Payables	44	48	51	72	83	56	74	167	36	73
Others Liabilities ⓘ	113	133	145	175	244	278	321	125	187	129
Total Liabilities ⓘ	603	607	655	819	997	1,104	1,292	1,484	1,624	1,736
Fixed Assets
Gross Block	422	441	445	479	500	569	572	744	874	1,025
Accumulated Depreciation	101	119	136	163	182	206	228	254	275	306
Net Fixed Assetsⓘ	321	322	309	316	318	363	344	490	599	719
CWIP ⓘ	3	16	25	66	63	46	173	141	74	143
Investmentsⓘ	30	30	30	66	66	114	66	66	128	66
Inventories	90	59	82	89	143	92	96	203	267	263
Trade Receivables	115	120	122	173	167	191	272	436	260	262
Cash Equivalents	7	8	3	7	20	7	18	48	161	206
Others Assetsⓘ	38	50	84	102	219	291	322	101	134	77
Total Assets ⓘ	603	607	655	819	997	1,104	1,292	1,484	1,624	1,736

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	60	84	72	126	89	148	94	176	187	170
PBT ⓘ	87	113	142	175	183	166	315	423	305	232
Adjustment ⓘ	15	16	13	15	14	14	11	29	30	22
Changes in Working Capital ⓘ	-33	-32	-57	-21	-55	19	-194	-170	-77	-37
Tax Paid ⓘ	-10	-13	-26	-43	-53	-52	-38	-106	-72	-47
Cash Flow From Investing Activity ⓘ	-14	-30	-23	-93	-47	-130	-87	-142	-155	-144
Capex	-8	-32	-13	-68	-19	-52	-131	-147	-76	-221
Net Investments	-10	0	0	-36	0	-48	48	0	-60	63
Others ⓘ	3	2	-10	11	-28	-30	-3	6	-19	15
Cash Flow From Financing Activityⓘ	-49	-52	-54	-29	-29	-31	3	-20	-22	-35
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-16	-28	-30	-9	-6	0	0	0	0	0
Interest Paid ⓘ	-31	-20	-12	-9	-13	-12	-5	-7	-3	-2
Dividend Paid ⓘ	-3	-4	-6	-9	-10	-21	-2	-13	-19	-32
Others ⓘ	2	0	-6	-3	0	2	10	0	0	0
Net Cash Flow ⓘ	-3	2	-5	4	13	-13	10	14	10	-8

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	16.53	23.15	25.58	26.81	22.66	18.31	29.61	29.47	17.55	11.67
ROCE (%)	18.58	24.48	30.53	32.91	28.6	23.04	37.82	41.17	23.77	15.93
Asset Turnover Ratio	1.07	1.14	1.15	1.19	1.05	0.87	1.02	1.39	1.11	0.8
PAT to CFO Conversion(x)	1.67	1.38	0.84	1.12	0.75	1.3	0.41	0.57	0.82	0.99
Working Capital Days
Receivable Days	68	62	61	61	65	71	69	67	73	71
Inventory Days	50	39	35	36	45	47	28	28	50	72
Payable Days	68	48	53	48	54	50	38	41	37	26

Balaji Amines Ltd Stock News

Balaji Amines Ltd FAQs

What is the share price of Balaji Amines?

Company share prices are keep on changing according to the market conditions. The closing price of Balaji Amines on 26-Jul-2024 16:01 is ₹2,370.

What is the market cap of Balaji Amines?

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 26-Jul-2024 16:01 the market cap of Balaji Amines stood at ₹7,679.9.

What is the P/E ratio of Balaji Amines?

The latest P/E ratio of Balaji Amines as of 26-Jul-2024 16:01 is 44.83.

What is the P/B ratio of Balaji Amines?

The latest P/B ratio of Balaji Amines as of 26-Jul-2024 16:01 is 5.01.

What is the 52-week high and low of Balaji Amines?

The 52-week high of Balaji Amines is ₹2,736.4 and the 52-week low is ₹1,965.1.

What is the TTM revenue of Balaji Amines?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Balaji Amines is ₹1,338 ( 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.