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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

₹2,079 12.05 (0.58%)

As on 24-Jun'26 16:59

Balaji Amines Ltd (BALAMINES)

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

₹2,079 12.05 (0.58%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹6,736 Cr.
Current Price
₹2,079
52-Week Low / High
₹905 / 2,287
TTM EPS
₹51.1
TTM Sales
₹1,292 Cr.
Book Value per Share
₹550.9
P/E Ratio
40.70
Higher than its 5-year historical median
Industry PE
52.2
Price to Book (P/B)
3.77
Lower than its 5-year historical median
Price to Sales (P/S)
5.22
Higher than its 5-year historical median
EV/EBITDA
23.49
Higher than its 5-year historical median
Dividend Yield
0.53%
Profitability Efficiency
Return on Equity (ROE)
9.62%
Underperforms industry median
Return on Capital Employed (ROCE)
13.35%
In line with industry median
Return on Assets (ROA)
8.55%
Operating Profit Margin
19.1%
Net Profit Margin
12.82%
Gross Profit Margin
21.1%
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
9.21%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
5.97%
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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Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Strong
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 :

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 6688619509191,2281,9211,7261,3381,2741,2921,292
Sales YoY Gr.-29%10.3%-3.2%33.6%56.4%-10.1%-22.5%-4.8%1.4%-
Adj EPS 2533.13634.270.59370.352.146.848.751.1
YoY Gr.-32.2%8.9%-5.1%106.1%31.9%-24.4%-25.9%-10.3%4.2%-
BVPS (₹) 116.4144.2177.5206.1277368432.2473.6510.9550.9550.9
Adj Net
Profit
81.1107117111228301228169151158166
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%
BVPS18.9%14.7%8.4%7.8%
Share Price 23.8% -5% -3.2% 24.1%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
24.325.422.417.829.228.817.611.59.59.29.3
Op. Profit
Mgn %
22.721.120.219.126.22319.218.417.819.119.1
Net Profit
Mgn %
12.212.512.312.118.615.713.212.611.912.212.8
Debt to
Equity
0.30.30.20.20000000
Working Cap
Days
130136172219188135147171165163104
Cash Conv.
Cycle
6263748371679712612212389

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales6688619509191,2281,9211,7261,3381,2741,292
Operating Expenses + 5166797587439061,4801,3971,0911,0471,044
Manufacturing Costs7493104102126233227188186184
Material Costs3414645225116231,0731,005756706710
Employee Cost 23272933319380727377
Other Costs 7895102971258085758274
Operating Profit 151182192176322441330247226247
Operating Profit Margin (%) 22.6%21.1%20.2%19.1%26.2%23.0%19.1%18.4%17.8%19.1%
Other Income + 812714171810212328
Exceptional Items 1100000000
Interest 1291312573222
Depreciation 18192024232931343846
Profit Before Tax 130166166154310423305232209227
Tax 455348407811578605362
Profit After Tax 86113118114232308228171156166
PAT Margin (%) 12.8%13.1%12.4%12.4%18.9%16.0%13.2%12.8%12.3%12.8%
Adjusted EPS (₹)26.434.936.435.171.595.070.252.948.251.1
Dividend Payout Ratio (%)8.30%7.40%7.70%9.10%5.60%6.30%14.20%20.80%22.80%21.50%

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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3774675756688971,1921,4001,5341,6551,785
Share Capital 6666666666
Reserves 3714615696618911,1861,3941,5281,6491,778
Debt +8110695102000000
Long Term Debt15600000000
Short Term Debt6610095102000000
Minority Interest0000000000
Trade Payables517283567416736736650
Others Liabilities 145175244278321125187129129189
Total Liabilities 6558199971,1041,2921,4841,6241,7361,8502,024

Fixed Assets

Net Fixed Assets +309316318363344490599719828878
Gross Block4454795005695727448741,0251,1711,266
Accumulated Depreciation136163182206228254275306343388
CWIP 2566634617314174143154203
Investments 3066661146666128666666
Inventories82891439296203267263251216
Trade Receivables122173167191272436260262246296
Cash Equivalents 372071848161206243271
Others Assets 84102219291322101134776394
Total Assets 6558199971,1041,2921,4841,6241,7361,8502,024

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 721268914894176187217224200
PBT 142175183166315423305232209227
Adjustment 13151414112930222832
Changes in Working Capital -57-21-5519-194-170-771027-25
Tax Paid -26-43-53-52-38-106-72-47-40-35
Cash Flow From Investing Activity + -23-93-47-130-87-142-155-190-179-129
Capex -13-68-19-52-131-147-76-221-157-144
Net Investments 0-360-48480-6016-335
Others -1011-28-30-36-19151110
Cash Flow From Financing Activity + -54-29-29-313-20-22-35-38-36
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -30-9-60000000
Interest Paid -12-9-13-12-5-7-3-2-2-0
Dividend Paid -6-9-10-21-2-13-19-32-36-36
Others -6-3021000-0-0-0
Net Cash Flow -5413-13101410-8835

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)25.5826.8122.6618.3129.6129.4717.5511.679.89.62
ROCE (%)30.5332.9128.623.0437.8241.1723.7715.9313.2213.35
Asset Turnover Ratio1.151.191.050.871.021.391.110.80.710.67
PAT to CFO Conversion(x)0.841.120.751.30.410.570.821.271.441.2
Working Capital Days
Receivable Days60.7061.5065.3071.1068.9067.2073.5071.3072.6076.40
Inventory Days35.4035.7044.5046.602828.3049.6072.3073.4065.80
Payable Days53.1048.5054.3049.80384136.9026.303629.90

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 24-Jun-2026 16:59 is ₹2,079.

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 23-Jun-2026 the market cap of Balaji Amines stood at ₹6,736.2 Cr

The latest P/E ratio of Balaji Amines as of 23-Jun-2026 is 40.70.

The latest P/B ratio of Balaji Amines as of 23-Jun-2026 is 3.77.

The 52-week high of Balaji Amines is ₹2,287 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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