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Balaji Amines Ltd. Stock Analysis

Small Cap
Evaluated by 1031 users | BSE: 530999 | NSE: BALAMINES |
Chemicals
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,...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 16.11%15.9%12.32%12.09%12.55%15.77%19.2%21.36%20.1%16.57%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 347450512610605635668861950919
Y-o-Y Gr. Rt.-29.6%13.9%19.2%-0.9%5%5.1%29%10.3%-3.2%
Adjusted EPS (Rs.) 8.2610.719.249.5511.3818.1725.0633.0936.0334.2
Y-o-Y Gr. Rt.-29.7%-13.7%3.4%19.2%59.7%37.9%32%8.9%-5.1%
Book Value per Share (Rs.) 35.0445.1253.2362.4273.3790.03116.44144.15177.46206.06
Adjusted Net Profit 26.834.729.930.936.958.981.2107117111
Net Op. Cash Flow (Rs. Cr.) 14.25394.411159.683.572.212689.1146
Debt to Cash Flow from Ops 10.444.072.542.363.971.911.430.911.060.7
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Balaji Amines Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 11.4%8.7%11.3%-3.2%
Adjusted EPS 17.1%24.6%10.9%-5.1%
Book Value per Share 21.822.92116.1
Share Price 42.8% 48.4% 15.1% 177.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 26.4126.7218.7816.5116.7722.2424.2825.3922.417.83
Operating Profit Margin (%) 18.2517.6415.514.3217.1119.7622.6521.1420.1719.13
Net Profit Margin (%) 7.727.725.855.076.19.2712.1712.4512.2912.06
Debt to Equity 1.31.481.391.290.990.550.270.250.160.15
Working Capital Days 147154142125139125130136172219
Cash Conversion Cycle 78948464726762637483
Entity Percentage Holding
Promoters 53.70%
Institutions 1.98%
Non-Institutions 44.32%
Pledged *1.921.920.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Balaji Amines Ltd.'s performance infers:

Balaji Amines Ltd. earnings have grown by 24.6%, whereas share price has appreciated 48.4% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Balaji Amines Ltd. share prices over the last 10 years. Here is what we found out:

Balaji Amines Ltd. share price has appreciated 36.9% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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