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Balaji Amines Ltd share Price Today

Company details

2,230.00
2,285.95
2,000.00
2,735.00
6M Return 10.26%
1Y Return 3.28%
Mkt Cap.(Cr) 7,252.48
Volume 34,326
Div Yield 0.49%
OI
-
OI Chg %
-
Volume 34,326

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Speciality Chemicals company Balaji Amines announced Q4FY24 results:

Financial Highlights:

  • Revenue from Operations for Q4FY24 stood at Rs 423 crore, as compared to Rs 392 crore in Q3FY24.
  • Total volumes stood at 27,984 MT for Q4FY24 as against 26,903 MT in Q3FY24. For Q4FY24,
  • Amines volumes stood at 8,910 MT
  • Amines Derivatives volumes stood at 9,676 MT
  • Specialty Chemicals volumes stood at 9,398 MT
  • EBITDA for Q4FY24 was Rs 106 crore, as compared to Rs 83 crore in Q3FY24. EBITDA margin for Q4FY24 stood at 25% as against 21% in Q3FY24.
  • PAT for Q4FY24 was Rs 72 crore as compared to Rs 56 crore in Q3FY24. Diluted EPS for Q4FY24 stood at Rs 21.00 per equity share as against Rs 15.24 in Q3FY24.
  • On a standalone basis, it is a zero-debt company.

On the performance, D. Ram Reddy, Managing Director, commented, “In Q4 & FY24, our financial and business highlights indicate a positive trajectory, with higher volume uptake, improved EBITDA and PAT margins driven by stabilised input costs(on both raw materials and utilities fronts) and a settling industry scenario. The rebound in domestic demand, coupled with encouraging international market trends, is contributing to this momentum and enhancing our margins.

Recent developments include the successful commencement of n-Butylamines production at Unit-IV, boasting an annual installed capacity of 15,000 MT. Furthermore, Unit-I and Unit-III have received BIS Certification for 'Morpholine,' enhancing our product quality standards.

Both Methylamine and Dimethyl Ether projects are progressing well, showcasing our commitment to operational excellence. Looking ahead, we maintain a positive outlook for long-term opportunities, anticipating growth and increased prospects in the fiscal year 2024- 25. Our focus on inherent strengths and competencies positions us as a leading force in Amines and Specialty Chemicals, guiding us through market complexities towards greater excellence.”

Result PDF

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Balaji Amines Ltd shares SWOT Analysis

Strengths (8)

  • Strong QoQ EPS Growth in recent results
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt

Weakness (7)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (1)

  • Street Favorite: High Analyst Rating with at least 20% upside

Threats (0)

Data not found

Resistance and support

R1 2,272.9
R2 2,307.4
R3 2,328.8
Pivot

2,251.43

S1 2,216.9
S2 2,195.5
S3 2,161.0
EMA SMA
2,205.5
2,205.2
2,221.6
2,256.6
2,199.9
2,176.7
2,278.5
2,224.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-12-26 2539.55 175451 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-12-26 2540.51 175451 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-12-06 2279.92 258383 NSE
Name Category Shares
ANDE PRATHAP REDDY PROMOTER 15.34%
SHAKUNTHALA DEVI ANDE PROMOTER 6.06%
ANDE SRINIVAS REDDY PROMOTER 5.23%
HEMANTH REDDY GADDAM PROMOTER 2.22%
RAJESHWAR REDDY NOMULA PROMOTER 1.84%
MADHUMATHI GADDAM PROMOTER 1.77%
DUNDURAPU RAM REDDY PROMOTER 1.47%
SARITHA NOMULA PROMOTER 1.23%
ACHANTA ANNAPURNA PROMOTER 0.97%
NOMULA DEEPTI RAJESHWARREDDY PROMOTER 0.94%
DUNDURAPU VANDANA REDDY PROMOTER 0.71%
APR HOLDNGS AND INVESTMENTS LLP PROMOTER 14.74%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Balaji Amines Ltd Stocks COMPARISON

Financials( in Cr) Balaji Amines Ltd Pidilite Industries Ltd Linde India Ltd SRF Ltd Gujarat Fluorochemicals Ltd
Price 2,238.35 3,010.95 9,283.55 2,293.95 3,158.90
% Change -1.10 -0.14 -4.21 0.37 -0.78
Mcap Cr 7,252.48 153,139.63 79,173.83 67,998.41 34,700.52
Revenue TTM Cr 2,355.40 11,799.10 3,135.52 14,870.25 5,684.66
Net Profit TTM Cr 405.68 1,288.87 538.06 2,162.34 1,323.05
PE TTM 35.44 85.92 185.00 50.91 79.81
1 Year Return 3.28 18.77 138.55 -6.70 -4.78
ROCE 38.97 24.24 16.29 21.98 29.38
ROE 28.93 18.93 14.70 22.89 27.07
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,554.23 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 41,960.24 -29,509.50
LAST 3M 102,987.80 -35,737.56
LAST 6M 169,824.52 46,518.61
LAST 12M 263,691.56 126,663.80

Balaji Amines Ltd Information

Stock PE (TTM)
35.44
Promoter Holding
53.7%
Book Value
531.4219
ROCE
38.97%
ROE
28.93%
Description
  • Balaji Amines Limited is an Indian company belonging to the chemical sector. It is engaged in the business of manufacturing and distributing Methylamines, Ethylamines, and their derivatives. The company also deals in speciality chemicals and pharma excipients apart from its main products. The company was founded in 1988 and has its headquarters in Solapur, Maharashtra. As of 13 October 2022, the market capitalisation of the company is Rs 9,846 crore.

    The company got listed as a public company in 1995. It is listed on the National Stock Exchange (NSE) under the code BALAMINES as well as the Bombay Stock Exchange (BSE) under the code 530999.

    Balaji Amines also runs a five-star hotel in Solapur and manufactures CFL lamps. It is an ISO 9001: 2015 certified company, and its amines products include Monomethylamine (MMA), Dimethylamine (DMA), and Trimethylamine (TMA). Its derivatives include Di-Methyl Acetamide (DMAC), Di-Ethyl Amine Hydrochloride (DEA HCL), and Tri-Methyl Amine Hydrochloride (TMA HCL). For the quarter that ended June 2022, the company has reported consolidated sales of Rs 670.17 crore and a net profit of Rs 122.97 crore.

    In June 2022, the shareholding pattern of the company reflected a 53.70% stake in the company was held by promoters, a 41.75% stake was held by retail investors and others, a 4.51% stake was held by Foreign Institutional Investors (FIIs), and the remaining 0.04% was invested in mutual funds. The management team of the company includes Mr A Prathap Reddy (Executive Chairman), Mr N Rajeswar Reddy (Joint Managing Director), Mr D Ram Reddy (Managing Director), Mr G Hemanth Reddy (Chief Financial Officer), and Mr T Naveen Chandra (Independent Director), among others.

    On 13 October 2022, Balaji Amines Limited’s share price closed at Rs 3038.75 per share at the NSE and Rs 3031.85 at the BSE. Balaji Amine shares’ 52-week high and 52-week low prices are Rs 4,645.00 and Rs 2,692.75, respectively. The one-year return of the share is -31.67%, and the dividend yield is 0.20%. The PE and PE ratio of this share, as of 13 October 2022, are 24.553 and 7.878, respectively.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose

Registered Address

Balaji Towers No 9/1A/1, Hotgi Road Aasara Chowk, Solapur, Maharashtra, 413224

Tel : 91-217-2310824
Email : cs:balajiamines.com; info:balajiamines.com
Website : http://www.balajiamines.com
Registrar

Venture Capital & Corp. Inv.

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 530999
NSE Code : BALAMINES
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE050E01027

FAQ’s on Balaji Amines Ltd Shares

You can buy Balaji Amines Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Balaji Amines Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 22, 2024 03:58 PM the closing price of Balaji Amines Ltd was Rs.2,238.35.

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 May 22, 2024 03:58 PM, the market cap of Balaji Amines Ltd stood at Rs. 7,252.48.

The latest PE ratio of Balaji Amines Ltd as of May 22, 2024 03:58 PM is 35.44

The latest PB ratio of Balaji Amines Ltd as of May 22, 2024 03:58 PM is 0.24

The 52-week high of Balaji Amines Ltd share price is Rs. 2,735.00 while the 52-week low is Rs. 2,000.00

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