Download App
Help CenterSubscribe
Money Works 4 Me Logo MoneyWorks4Me
Talk to Advisor
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up

Balaji Amines Ltd (BALAMINES)

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

₹2,284.75 -59.55 (-2.54%)

As on 11-Sep'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

₹2,284.75 -59.55 (-2.54%)

As on 11-Sep'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹7,596 Cr.
Current Price
₹2,284.8
52-Week Low / High
₹905 / 2,628
TTM EPS
₹63
TTM Sales
₹1,523 Cr.
Book Value per Share
₹634.1
P/E Ratio
37.21
Higher than its 5-year historical median
Industry PE
49.8
Price to Book (P/B)
3.70
Lower than its 5-year historical median
Price to Sales (P/S)
4.99
In line with its 5-year historical median
EV/EBITDA
21.19
In line with its 5-year historical median
Dividend Yield
0.48%
Profitability Efficiency
Return on Equity (ROE)
8.85%
Underperforms industry median
Return on Capital Employed (ROCE)
12.00%
In line with industry median
Return on Assets (ROA)
6.77%
Operating Profit Margin
18.6%
Net Profit Margin
11.87%
Gross Profit Margin
20.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
1.41%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
14.34%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
6.66%
Asset Quality
Promoter Holding
54.56%
Pledged shares (%) of Promoter's holding (%)
17.68%
Reserves
₹2,048 Cr.
Equity
₹6.5 Cr.
Face Value
₹2
All Time Low / High
₹1.56 / 5220.00

Balaji Amines stock performance

Key Ratios
mw4me loader

Check Before You Invest

Check Before You Invest

Quality

Very Good
Check detailed performance

Valuation

Somewhat Overvalued

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
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.

View More

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.

View More
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 1.02%, compared to the industry median CAGR of 7.86%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Balaji Amines Ltd?
Promoters hold 54.56% of the Balaji Amines Ltd, with 17.68% 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 23.5% based on the current price.
View More

10 Year X-Ray :

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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ30.5%32.9%28.6%23%37.8%41.2%23.8%15.9%13.2%13.4%-
Value Creation
Index ⓘ		1.21.41.00.71.82.10.80.2-0.1-0.1-

Growth Parameters ⓘ
Sales ⓘ6688619509191,2281,9211,7261,3381,2741,2921,395
Sales YoY Gr.-29%10.3%-3.2%33.6%56.4%-10.1%-22.5%-4.8%1.4%-
Adj EPS ⓘ2533.13634.270.59370.352.146.848.761.1
YoY Gr.-32.2%8.9%-5.1%106.1%31.9%-24.4%-25.9%-10.3%4.2%-
BVPS (₹) ⓘ116.4144.2177.5206.1277368432.2473.6510.9550.9573.2
Adj Net
Profit ⓘ		81.1107117111228301228169151158198
Cash Flow from Ops. ⓘ72.212689.114893.9176187217224200-
Debt/CF from Ops. ⓘ1.40.91.10.7000000-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ7.6%1%-9.2%1.4%
Adj EPS ⓘ7.7%-7.1%-11.5%4.2%
BVPSⓘ18.9%14.7%8.4%7.8%
Share Price 23% -11.9% -0.1% 51.6%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		24.325.422.417.829.228.817.611.59.59.210.9
Op. Profit
Mgn % ⓘ		22.721.120.219.126.22319.218.417.819.121.1
Net Profit
Mgn % ⓘ		12.212.512.312.118.615.713.212.611.912.214.2
Debt to
Equity ⓘ		0.30.30.20.2000000-
Working Cap
Days ⓘ		130136172219188135147171165163104
Cash Conv.
Cycle ⓘ		6263748371679712612212389

Valuation of Balaji Amines - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.0017.6717.6717.68
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales6708619439361,3112,3232,3551,6421,3971,425
Operating Expenses ⓘ + 5216797517589441,7001,7461,3181,1651,160
Manufacturing Costs7693104110143289315240215202
Material Costs3424645155146301,2231,246903781796
Employee Cost 24272934349785828084
Other Costs ⓘ 799610310013792101938977
Operating Profit ⓘ 149182192177368623609324232265
Operating Profit Margin (%) 22.2%21.1%20.3%19.0%28.1%26.8%25.9%19.7%16.6%18.6%
Other Income ⓘ + 91268111515303329
Exceptional Items ⓘ 1100000000
Interest ⓘ 1391323181712645
Depreciation ⓘ 20192032344246454856
Profit Before Tax ⓘ 126166165131327578567302213232
Tax ⓘ 4353483483160161695563
Profit After Tax 8211311797243418406232159169
PAT Margin (%) 12.3%13.1%12.4%10.4%18.6%18.0%17.2%14.2%11.4%11.9%
Adjusted EPS (₹)25.434.936.332.373.5113.7100.563.248.651.6
Dividend Payout Ratio (%)8.70%7.40%7.70%9.90%5.40%5.30%10%17.40%22.60%21.30%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3624675746588941,2501,5541,7221,8451,976
Share Capital ⓘ 6666666666
Reserves ⓘ 3564615686528881,2431,5481,7151,8391,970
Debt +831421912411007330112113
Long Term Debt17428312089583011265
Short Term Debt66100107121111600048
Minority Interest01818101665144171173175
Trade Payables517285597718162786985
Others Liabilities ⓘ 138149178144224176172165163393
Total Liabilities ⓘ 6358481,0461,1131,3101,7451,9632,1462,2522,743

Fixed Assets

Net Fixed Assets ⓘ +3253163205735436767758919981,038
Gross Block4624795027867909621,0961,2551,4091,504
Accumulated Depreciation136163182213247286321363410466
CWIP ⓘ 2512326946173141113205237512
Investments ⓘ 000480073000
Inventories9989163109110222303287274247
Trade Receivables124173167207306588378319275346
Cash Equivalents 3242092052236340354271
Others Assets ⓘ 581231061211596685104113328
Total Assets ⓘ 6358481,0461,1131,3101,7451,9632,1462,2522,743
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 6014094144110220354334255184
PBT ⓘ 139175178154345578567302213232
Adjustment ⓘ 15151527285753303145
Changes in Working Capital ⓘ -67-7-4915-225-285-1246553-59
Tax Paid ⓘ -26-43-50-52-38-131-142-63-42-34
Cash Flow From Investing Activity ⓘ + -10-135-119-130-62-147-210-274-139-344
Capex -13-108-170-62-131-148-120-253-186-370
Net Investments 000-48480-70-37485
Others ⓘ 3-2751-21221-1915-221
Cash Flow From Financing Activity ⓘ + -551621-26-37-57-81-75-4985
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ -30000-22-31-27-38-963
Interest Paid ⓘ -13-9-13-23-18-17-12-7-4-2
Dividend Paid ⓘ -6-9-10-21-2-13-19-32-36-36
Others ⓘ -633441855-222-059
Net Cash Flow ⓘ -521-4-12111663-1568-75
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)25.7127.3122.5115.8331.3838.9828.9414.188.898.85
ROCE (%)30.1932.2125.0917.9435.5850.2139.0818.3712.0612
Asset Turnover Ratio1.181.1810.871.081.521.270.80.640.57
PAT to CFO Conversion(x)0.731.240.81.480.450.530.871.441.61.09
Working Capital Days
Receivable Days62.106265.8073.1071.4070.1074.7077.5077.5079.30
Inventory Days44.2039.3048.805330.4026.1040.6065.5073.1066.50
Payable Days53.3048.5055.6051.3039.4038.5035.6028.3034.3035.30

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Balaji Amines Ltd FAQs

The current trading price of Balaji Amines on 11-Sep-2026 16:01 is ₹2,284.8.

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 10-Sep-2026 the market cap of Balaji Amines stood at ₹7,595.8 Cr

The latest P/E ratio of Balaji Amines as of 10-Sep-2026 is 38.39.

The latest P/B ratio of Balaji Amines as of 10-Sep-2026 is 4.09.

The 52-week high of Balaji Amines is ₹2,628 and the 52-week low is ₹905.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Balaji Amines is ₹1,395 ( 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 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.

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.

You have 38 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now