MarketFriction

Balaji Amines Ltd

NSE BALAMINES · BSE 530999 · Specialty Chemicals
₹2,052.20 -3.13%
NSE close2026-10-01
52 week range968.10 - 2,629.80
Market cap₹6,941 Cr.
P/E34.0
Microcap 250 Price band 20% Delivery 44.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales381383414385347313353358341331395456
Expenses327309316319286267293304281275301340
Operating Profit5474986661466055605794116
OPM %14%19%24%17%17%15%17%15%18%17%24%25%
Other Income789898897586
Interest221111111221
Depreciation111112121212131414141414
Profit before tax4870936257415449524686106
Tax %24%21%22%26%27%24%25%25%28%33%25%26%
Net Profit365672464131403737316578
EPS in Rs10.7115.2421.0013.3612.6510.2412.3611.7310.679.7019.5123.13
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6406688589409351,3082,3142,3461,6311,3891,4191,523
Expenses5145196767477549351,6911,7361,3081,1571,1541,196
Operating Profit127149182193181373623609324232265327
OPM %20%22%21%21%19%29%27%26%20%17%19%21%
Other Income3912456151530332925
Interest2213913231817126456
Depreciation192019203234424645485656
Profit before tax88126166165131327578567302213232290
Tax %34%34%32%29%26%25%28%28%23%26%27%
Net Profit588211311797243418406232159169211
EPS in Rs17.7825.4234.9336.2732.3473.51113.71100.4763.2248.6251.6063.01
Dividend Payout %11%9%7%8%10%5%5%10%17%23%21%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%2%-15%11%
Compounded Profit Growth11%-7%-20%34%
Stock Price CAGR22%-14%-1%54%
Return on Equity18%16%10%9%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital666666666666
Reserves2212743564615686528881,2431,5481,7151,8391,970
Borrowings256173105152227260127101582011133
Other Liabilities139152168229244195289395351405396633
Total Liabilities6236056358481,0461,1131,3101,7451,9632,1462,2522,743
Fixed Assets3413413253163205735436817808961,0031,043
CWIP3162512326946173141113205238512
Investments00000480073000
Other Assets2782482844094574465949239961,0461,0111,188
Total Assets6236056358481,0461,1131,3101,7451,9632,1462,2522,743
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity56856014094144110220354334255184
Cash from Investing Activity-4-29-10-135-119-130-62-147-210-274-139-344
Cash from Financing Activity-55-54-551621-26-37-57-81-75-4985
Net Cash Flow-32-521-4-12111663-1568-75
Free Cash Flow48534732-7583-21722348269-186
CFO/OP65%77%58%101%74%108%40%56%81%123%128%82%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days717168736581859359717289
Inventory Days114801067011677646689116128113
Days Payable485855566042445418313239
Cash Conversion Cycle1369311987120116104105129156168163
Working Capital Days7124231475588888911412069
ROCE %18%23%30%32%24%18%35%49%36%17%11%11%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters53.71%53.71%53.71%53.71%53.71%53.71%54.62%54.59%54.59%54.59%54.59%54.56%
FIIs4.52%4.58%4.92%5.05%5.27%5.16%5.09%5.00%4.53%3.30%2.99%3.17%
DIIs0.90%1.43%1.48%1.59%1.79%1.66%1.48%1.46%1.52%1.53%1.46%1.58%
Public40.88%40.31%39.91%39.67%39.23%39.46%38.83%38.96%39.37%40.59%40.96%40.69%
No. of Shareholders1,44,9901,41,4171,38,0171,32,4281,29,1601,29,3611,27,4421,21,9501,18,8941,17,5911,15,7541,11,615

Fundamentals

Market Cap₹ 6,941 Cr.
Current Price₹ 2,142
Stock P/E34.0
Book Value₹ 610
ROCE11.0 %
ROE8.74 %
Dividend Yield0.51 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)34%
Consolidated figures.
Valuation
Market capRs 6,649 Cr
Enterprise valueRs 6,511 Cr
P/E (TTM)32.57x
Price to book3.36x
Price to sales4.37x
EV / EBITDA18.50x
EV / EBIT22.02x
EV / sales4.28x
Price to cash flow36.13x
Earnings yield3.07%
Dividend yield0.54%
P/E, 3-year average25.37x
P/B, 3-year average2.52x
P/E, 5-year average24.20x
P/B, 5-year average3.83x
Profitability
Operating margin (excl. other income)18.70%
Operating margin (incl. other income)20.74%
EBITDA margin23.11%
Pre-tax margin19.03%
Net profit margin13.41%
Net margin, latest quarter16.44%
ROE8.75%
ROCE12.00%
ROA6.70%
ROE, 3-year average10.03%
ROCE, 3-year average14.14%
ROA, 3-year average7.94%
ROE, 5-year average17.53%
ROCE, 5-year average26.34%
ROA, 5-year average13.10%
ROIC (approx.)11.71%
Tax rate27.24%
Other income / net worth1.46%
Growth
Sales growth (latest year)2.18%
Profit growth (latest year)6.15%
Sales CAGR, 3 years-15.42%
Sales CAGR, 5 years1.64%
Profit CAGR, 3 years-19.91%
Profit CAGR, 5 years-6.83%
Sales growth QoQ15.49%
Profit growth QoQ18.56%
Sales growth YoY (latest quarter)27.23%
Profit growth YoY (latest quarter)97.21%
Per share
EPS (TTM)Rs 63.00
EPS (latest year)Rs 51.60
EPS (latest quarter)Rs 23.13
EPS, 3-year averageRs 54.48
EPS, 5-year averageRs 75.52
Book value per shareRs 610.00
Sales per shareRs 469.91
Cash flow per shareRs 56.80
Free cash flow per shareRs -57.41
Dividend per share (latest year)Rs 11.00
Dividend per share, 3-year averageRs 11.00
Dividend per share, 5-year averageRs 9.80
Dividends
Dividend payout21.32%
Dividend payout, 3-year average20.45%
Dividend payout, 5-year average15.31%
Efficiency
Asset turnover0.52x
Fixed asset turnover1.36x
Inventory turnover3.90x
Inventory days94 days
Debtor days89 days
Debtors turnover4.10x
Creditor days39 days
Cash conversion cycle163 days
Working capital days69 days
Leverage
Total debtRs 133 Cr
Cash and bankRs 271 Cr
Net debtRs -138 Cr
Debt to equity0.07x
Net debt / EBITDA-0.39x
Interest coverage48.80x
Current ratio (filing 2026-03-31)2.34x
Quick ratio (filing 2026-03-31)1.73x
Trade payables (filing 2026-03-31)Rs 85 Cr
Owners' fund to total sources72.07%
Debt to assets4.86%
Cash flow
Cash from Operating Activity (latest year)Rs 184 Cr
Cash from Investing Activity (latest year)Rs -344 Cr
Cash from Financing Activity (latest year)Rs 85 Cr
Net Cash Flow (latest year)Rs -75 Cr
Free cash flow (latest year)Rs -186 Cr
FCFE (approx.: FCF + change in debt)Rs -64 Cr
Cash from ops / profit, 5 years0.97x
Sales to cash flow7.71x
Statement figures
Net sales (TTM)Rs 1,523 Cr
Net sales (latest year)Rs 1,419 Cr
Sales (latest quarter)Rs 456 Cr
Operating profit excl. other income (latest year)Rs 265 Cr
Operating profit (latest quarter)Rs 116 Cr
Other income (TTM)Rs 25 Cr
EBITDA (TTM)Rs 352 Cr
PBDT (TTM)Rs 346 Cr
Profit before tax (TTM)Rs 290 Cr
Tax (latest year)Rs 63 Cr
Net profit (TTM)Rs 204 Cr
Net profit (latest year)Rs 167 Cr
Net profit (latest quarter)Rs 75 Cr
Depreciation (TTM)Rs 56 Cr
Depreciation (latest quarter)Rs 14 Cr
Interest (TTM)Rs 6 Cr
Cost of goods sold (latest year)Rs 964 Cr
Total expenditure (latest year)Rs 1,154 Cr
Total income (latest year)Rs 1,448 Cr
Share capitalRs 6 Cr
ReservesRs 1,970 Cr
Shareholders' fundsRs 1,976 Cr
Total assetsRs 2,743 Cr
Net blockRs 1,043 Cr
Capital work in progressRs 512 Cr
ReceivablesRs 346 Cr
InventoryRs 247 Cr
Other liabilitiesRs 633 Cr
Shares outstanding (crore)3.24
Ownership
Promoter holding54.56% (-0.03 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 32.6 is at the 73th percentile of its own 9.4-year range (median 24.5, low 6.5, high 86.8).
P/B 3.36 is at the 39th percentile (median 4.05).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBALAMINESNifty 50Difference
1 week-7.8%-2.8% -5.0 pts
1 month-14.8%-6.8% -8.0 pts
3 months-6.5%-7.6% +1.1 pts
6 months+110.0%+0.4% +109.6 pts
1 year+39.4%-9.9% +49.3 pts
2 years-11.3%-13.6% +2.2 pts
3 years-5.6%+14.2% -19.8 pts
5 years-54.9%+27.9% -82.8 pts
8 mutual fund schemes hold about ₹8 Cr. Over three months 7 bought more and 1 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Nifty Microcap 250 Index Fund0.27%7 +14%
Samco Multi Cap Fund0.50%1 +100%
Groww Nifty Total Market Index Fund0.01%0 +17%
Angel One Nifty Total Market Index Fund0.01%0 +17%
Mirae Asset Nifty Total Market Index Fund0.01%0 +17%
Bandhan Nifty Total Market Index Fund0.01%0 +28%
Motilal Oswal BSE 1000 Index Fund0.01%0 +17%
Samco Small Cap Fund0.00%0 -100%

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹456 Cr +27.4% vs Jun 2025. Net profit ₹78 Cr +110.8%.
Against our estimate for Jun 2026: sales +17.0%, profit +89.0% big beat. Our estimate for Sep 2026: sales Rs 408 Cr, profit Rs 56 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-03Dividend - Rs 11 Per Share
2025-08-01Dividend - Rs 11 Per Share
2024-07-04Annual General Meeting/Dividend - Rs 11 Per Share
2023-07-03Annual General Meeting/Dividend - Rs 10 Per Share
2022-06-21Annual General Meeting/Dividend - Rs 6 Per Share
2021-07-29 Annual General Meeting/Dividend - Rs 4 Per Share
2020-07-30 Annual General Meeting/Dividend - Rs 0.60 Per Share
2020-03-17 Interim Dividend - Rs 2.60 Per Share
2019-07-17 Annual General Meeting/ Dividend - Rs 2.80 Per Share
2018-08-20 Annual General Meeting/Dividend- Rs 2.60 Per Share
2017-07-20 Annual General Meeting/Dividend - Rs 2.20 Per Share
2016-07-21 Annual General Meeting And Dividend Rs.2/- Per Share
2015-09-15 Annual General Meeting/ Dividend - Rs 1.20/- Per Share
2014-09-22Annual General Meeting/Dividend Re.1/- Per Share
2013-09-23Annual General Meeting/Dividend Re 0.80/- Per Share + Special Dividend Re 0.50/- Per Share
2012-07-19Annual General Meeting And Dividend - Rs.0.80 Per Share
2011-07-14Annual General Meeting And Dividend Re.0.60 Per Share
2010-11-18Face Value Split From Rs.10/- To Rs.2/-0.2000
2010-08-30Annual General Meeting And Dividend Rs.2.50 Per Share
2009-08-17Agm/Dividend - 20%
2008-09-12Agm/Dividend - 15%
2007-08-30Agm/Dividend-15% Purpose Revised
DateTypeWhat it says
2026-10-01General UpdatesDisclosure under Regulation 30(2) read with Regulation 30(6) of, and sub-para 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligation a...
2026-10-01General UpdatesDisclosure under Regulation 30(2) read with Regulation 30(6) of, and sub-para 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligation a...
2026-10-01Regulatory actionDisclosure under Regulation 30(2) read with Regulation 30(6) of, and sub-para 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligation a...
2026-09-28Change in ManagementIntimation of Completion of Tenure of Mr. Rajendrakumar Mohanprasad Tapadiya, Independent Director of the Balaji Speciality Chemicals Limited, a Mater...
2026-09-24Commencement of commercial pCommencement of Commercial Production of Acetonitrile (ACN) Plant with Advanced Technology under Expansion and Modernisation Programme.
2026-09-15Credit RatingCredit Rating
2026-09-12Credit RatingCredit Rating
2026-08-17Concall / analyst meetSchedule of meet
2026-08-13Concall / analyst meetSchedule of Analysts/ Investors meet under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-07-29Investor PresentationInvestor Presentation
2026-07-27Press ReleasePress Release in connection with Un- Audited Financial Results of the Company for the Quarter Ended 30th June, 2026.
2026-07-27Board meeting outcomeBalaji Amines Limited has submitted to the Exchange, Results for the Quarter Ended 30th June, 2026
2026-07-13Shareholder meetingBalaji Amines Limited has submitted the Exchange Outcome of the 38th Annual General Meeting of the Company held on Friday 10th July, 2026 at 12:00 (No...
2026-07-10Shareholder meetingProceedings of the 38th Annual General Meeting of the Company.
2026-06-16Record DateRecord date for the purpose of Dividend is 03-Jul-2026.
2026-06-16UpdatesSubmission of BRSR Report For Financial Year 2025-26.
2026-06-16Shareholder meetingIntimation of 38th Annual General Meeting ("AGM") of the Company is scheduled to be held on Friday, 10th July, 2026 at 12:00 Noon (IST) through Video ...
2026-06-08Disclosure under SEBI TakeovBalaji Amines Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substan...
2026-06-03Volume querySignificant increase in volume has been observed in Balaji Amines Limited. The Exchange, in order to ensure that investors have latest relevant inform...
2026-06-02Volume querySignificant increase in volume has been observed in Balaji Amines Limited. The Exchange, in order to ensure that investors have latest relevant inform...
2026-05-27Concall / analyst meetSchedule of Meet under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-05-23Concall / analyst meetSubmission of Earning Call Transcript under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-05-20Commencement of commercial pIntimation of Commissioning of Commercial Production of New Dimethyl Ether (DME) Plant and Press Release.
2026-05-18Concall / analyst meetLink of Recording
2026-05-15CessationIntimation Regarding Resignation of Mr. Pardeepsingh Rameshsingh Watwani Senior Management Personnel of the Companys Material Subsidiary viz. Balaji S...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-12-17CESTATBALAJI AMINES LTD ---VS.--- DESIGNATED AUTHORITY DIRECTORATE GENERAL OF ANTI-DUMPING AND ALLIED DUTIES
2019-07-24CESTATBALAJI AMINES LTD ---VS.--- DESIGNATED AUTHORITY DIRECTORATE GENERAL OF ANTI-DUMPING AND ALLIED DUTIES
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Close to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 150perc in previous 12 months

Quick answers

What is the market cap of Balaji Amines Ltd?

Balaji Amines Ltd (BALAMINES) has a market capitalisation of Rs 6,941 Cr. at the 2026-10-01 close.

What is the P/E ratio of Balaji Amines Ltd?

Balaji Amines Ltd trades at a P/E of 34.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Balaji Amines Ltd's latest quarterly results?

In the Jun 2026 quarter, Balaji Amines Ltd sales was Rs 456 Cr (+27.4% vs Jun 2025) and net profit was Rs 78 Cr.

What is the 52-week high and low of Balaji Amines Ltd?

The 52-week high is Rs 2,629.80 and the 52-week low is Rs 968.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03