Chemicals & Petrochemicals
Balaji Amines Limited engages in the manufacture and sale of methylamines, ethylamines, and derivatives of specialty chemicals and pharma excipients in India. The company operates in two segments, Chemicals and Hotel. It offers monomethylamine, dimethylamine, trimethylamine, monoethylamine, diethylamine, triethylamine, and dimethyl and diethyl amino ethanol; and specialty chemicals, including N-methyl pyrrolidone, morpholine, 2-pyrrolidone, N-ethyl-2-pyrrolidone, gamma-butyrolactone, dimethylformamide, acetonitrile, dimethylcarbonate, propylene glycol, and propylene carbonate. The company also provides derivatives comprising di-methyl acetamide, di-methyl amine hydrochloride, tri-methyl amine hydrochloride, di-ethyl amine hydrochloride, tri-ethyl amine hydrochloride, di-methyl urea, choline chloride, mono-ethyl amine hydrochloride, and benzyl tri ethyl ammonium chloride; and pharma excipients, such as poly vinyl pyrrolidone. In addition, it operates Balaji Sarovar Premiere, a hotel in Solapur, Maharashtra, as well as engages in the provision of hotel, restaurant, and hospitality services. The company serves pharmaceutical, agrochemical, paint and resin, animal feed, oil and gas, rubber cleaning chemical, dye and textile, pesticides and insecticides, water treatment chemical, optical brighteners, corrosion inhabitations, cosmetics, explosives, and foundry chemicals industries. It also exports its products to the United States, the United Kingdom, Argentina, Latin America, Canada, Israel, Australia, Bangladesh, Germany, Italy, Egypt, South Africa, and internationally. Balaji Amines Limited was incorporated in 1988 and is headquartered in Solapur, India.
Balance Sheet: Strong Balance Sheet.
Technicals: Bullish SharesGuru indicator.
Profitability: Recent profitability of 13% is a good sign.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -13.5% in past one year. In past three years, revenues have changed by -24%.
Smart Money: Smart money is losing interest in the stock.
Comprehensive comparison against sector averages
BALAMINES metrics compared to Chemicals
Category | BALAMINES | Chemicals |
---|---|---|
PE | 22.11 | 54.41 |
PS | 2.82 | 4.58 |
Growth | -13.5 % | 7.3 % |
BALAMINES vs Chemicals (2021 - 2025)
Understand Balaji Amines ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
Shareholder Name | Holding % |
---|---|
ANDE PRATHAP REDDY | 15.34% |
APR HOLDING AND INVESTMENTS LLP | 14.74% |
ANDE SRINIVAS REDDY | 11.29% |
HEMANTH REDDY GADDAM | 2.52% |
VIJAYA NALLA | 2.13% |
VINEEL REDDY NALLA | 2.13% |
KISHAN REDDY NALLA | 2.07% |
VINITHA NALLA | 2.05% |
MANOHAR DEVABHAKTUMI | 1.85% |
N RAJESHWAR REDDY | 1.84% |
GADDAM MADHUMATHI | 1.77% |
NOMULA SARITA | 1.53% |
VEERA REDDY YANNAM SRINIVAS REDDY YANNAM | 1.5% |
RAM REDDY DUNDURAPU | 1.47% |
VIJAYALAXMI YANNAM VEERA REDDY YANNAM SRINIVAS REDDY YANNAM | 1.25% |
ACHANTA ANNAPURNA | 0.97% |
DEEPTI RAJESHWAR REDDY NOMULA | 0.94% |
DUNDURAPU VANDANA | 0.71% |
A MEENA DEVI | 0.44% |
NOMULA EESHAN REDDY | 0.36% |
Distribution across major stakeholders
Distribution across major institutional holders
Summary of Balaji Amines's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated: Nov 24
Management Outlook & Major Points:
Balaji Amines' management remains optimistic about long-term growth despite near-term challenges. Key highlights:
Improved Margins & Strategic Focus:
Capacity Expansion:
Cost Leadership & Quality:
Sustainability Initiatives:
New Product Launches:
Financial Resilience:
Market Opportunities:
Volume & Price Outlook:
Challenges:
Growth Targets:
Last updated: Nov 24
Question: When do you think we get the gazette notification for blending of DME with LPG?
Answer: The notification is pending publication and expected by the end of November 2024.
Question: What capacity utilization can be expected for the DME plant in its first year?
Answer: Full utilization will take time due to market acceptance challenges as DME is a new product in India, but it is anticipated to be a game-changer.
Question: Can we expect 100% capacity utilization for DMF post Methyl Amine plant commissioning, and what about anti-dumping measures?
Answer: Targeting 80-85% DMF capacity utilization; anti-dumping duties may be pursued if import pricing pressures persist.
Question: What are the timelines for BSCL Unit 2's Phase-1 and Phase-2 CAPEX?
Answer: Phase-1 will complete in 11"“12 months, with Phase-2 following 12 months after Phase-1's commissioning.
Question: What updates exist on de-bottlenecking BSC Unit 1 to boost Piperazine/DETA production?
Answer: Modifications are ongoing to enable higher-value products like TETA and AEP, with results expected in 4"“6 months.
Question: Provide FY25 volume guidance and pricing trends.
Answer: Targeting 10"“12% standalone volume growth for FY25, with price stabilization anticipated by year-end.
Question: Who are the target customers for MIPA/DIPA, and how will CAPEX be funded?
Answer: Pharma and agro industries; CAPEX for new plants will use internal accruals, with minimal borrowing for specialty chemicals.
Question: Have battery manufacturers placed orders for chemicals like NMP?
Answer: No orders yet due to delayed manufacturing starts; Balaji is prepared to supply once production commences.
Question: Quantify DME's revenue and margins at full capacity.
Answer: Margins are unclear due to market unpredictability but could stabilize at 18"“22% post-commissioning after 6"“12 months.
Question: What is the H2 outlook for specialty chemicals amid Chinese dumping?
Answer: Volumes may rise for DMF/NMP despite low margins; standalone revenue could reach Rs.1,300"“1,400 crore annually.
Question: What is the revenue projection post-CAPEX completion in 2"“2.5 years?
Answer: Anticipated revenue of Rs.3,000"“4,000 crore if product prices stabilize at reasonable levels.
Question: How will new Methyl Amine technology affect older plants?
Answer: Older plants remain relevant for other amines; new tech allows dedicated DMA production (110 tons/day) without by-products.
Question: Why pursue aggressive CAPEX amid delays in DME/blending and battery chemicals?
Answer: Investments align with government policies and future demand for import-substituted products, funded largely via internal accruals.
Question: What is the DME plant's EBITDA potential?
Answer: Projected EBITDA margins of 18"“22% once operational, contingent on market dynamics.
Question: Is Chinese pricing pressure easing?
Answer: Some stabilization observed, with price recovery expected by next quarter as global anti-dumping measures impact Chinese exports.
Investor Care | |
---|---|
Dividend Yield | 0.64% |
Dividend/Share (TTM) | 11 |
Shares Dilution (1Y) | 0.00% |
Diluted EPS (TTM) | 57.25 |
Financial Health | |
---|---|
Current Ratio | 8.93 |
Debt/Equity | 0.01 |
Debt/Cashflow | 11.15 |
Analysis of Balaji Amines's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2024
Description | Share | Value |
---|---|---|
Amines and Speciality Chemicals | 97.0% | 310.4 Cr |
Hotel Division | 3.0% | 9.7 Cr |
Total | 320 Cr |
Valuation | |
---|---|
Market Cap | 4.17 kCr |
Price/Earnings (Trailing) | 21.86 |
Price/Sales (Trailing) | 2.79 |
EV/EBITDA | 13.71 |
Price/Free Cashflow | -196.1 |
MarketCap/EBT | 16.53 |
Fundamentals | |
---|---|
Revenue (TTM) | 1.49 kCr |
Rev. Growth (Yr) | -18.18% |
Rev. Growth (Qtr) | -9.96% |
Earnings (TTM) | 190.63 Cr |
Earnings Growth (Yr) | -44.17% |
Earnings Growth (Qtr) | -24.88% |
Profitability | |
---|---|
Operating Margin | 16.9% |
EBT Margin | 16.9% |
Return on Equity | 9.8% |
Return on Assets | 8.85% |
Free Cashflow Yield | -0.51% |
Detailed comparison of Balaji Amines against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|---|
VINATIORGA | Vinati OrganicsSpecialty Chemicals | 17.42 kCr | 2.2 kCr | +6.29% | +2.40% | 45.09 | 7.93 | +16.41% | +7.41% |
AARTIIND | Aarti IndustriesSpecialty Chemicals | 15.72 kCr | 7.11 kCr | +10.98% | -42.02% | 42.84 | 2.21 | +13.53% | -15.30% |
ALKYLAMINE | Alkyl Amines ChemicalsSpecialty Chemicals | 9.15 kCr | 1.57 kCr | +10.62% | -13.83% | 51.27 | 5.85 | +3.61% | +12.23% |
SUDARSCHEM | Sudarshan Chemical Indus.Dyes And Pigments | 8.41 kCr | 2.78 kCr | +8.10% | +48.07% | 71.35 | 3.03 | +11.89% | -64.49% |
GALAXYSURF | Galaxy SurfactantsSpecialty Chemicals | 7.55 kCr | 4.05 kCr | +3.97% | -18.18% | 24.63 | 1.86 | +4.96% | -2.53% |