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Balaji Amines Ltd (BALAMINES)

₹2398.60.05%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Insights on Balaji Amines Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

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    Mutual Funds have increased holdings from 0.07% to 0.09% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

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    In the last 7 days, BALAMINES stock has moved up by 6.8%

  • imgPOSITIVE IMPACT

    FII Holding Up

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    Foreign Institutions have increased holdings from 4.57% to 4.92% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

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    Revenue is up for the last 3 quarters, 387.31 Cr → 422.69 Cr (in ₹), with an average increase of 4.2% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

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    Netprofit is up for the last 3 quarters, 34.71 Cr → 68.03 Cr (in ₹), with an average increase of 28.6% per quarter

  • imgNO EFFECT

    Against Peers

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    In the last 3 years, Gujarat Fluorochemicals Ltd has given 201.3% return, outperforming this stock by 208.6%

  • imgNO EFFECT

    Promoter Holding Unchanged

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    Promoters holdings remained unchanged at 53.70% of holdings in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

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    In the last 1 year, Pidilite Industries Ltd has given 19.3% return, outperforming this stock by 16.7%

  • imgNEGATIVE IMPACT

    Retail Holding Down

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    Retail Investor have decreased holdings from 40.30% to 39.90% in Mar 2024 quarter

Performance

  • Day's Low

    Day's High

    ₹2,358.7
    ₹2,507
  • 52 Week's Low

    52 Week's High

    ₹1,960
    ₹2,735
1 Month Return+ 9.46 %
3 Month Return+ 16.89 %
1 Year Return+ 6.47 %
Previous Close₹2,397.45
Open₹2,425.00
Volume3.81L
Upper Circuit-
Lower Circuit-
Market Cap₹7,771.70Cr

Analyst Rating

based on 2 analysts

BUY
100.00%
Buy
0.00%
Hold
0.00%
Sell

Based on 2 analysts offering long term price targets for Balaji Amines Ltd. An average target of ₹2648

Source: S&P Global Market Intelligence

Company Information

Balaji Amines Ltd. (BAL) is an Indian manufacturer of ethyl and methyl amines and derivatives with four manufacturing facilities, three in Maharashtra and one in Telangana. Founded in 1988, they currently supply to major chemical companies like IDI, Hoechst, Rallis, and more. BAL was awarded ISO:9001 certification in 2001 and a Recognized Export House status from the Government of India Ministry of Commerce in 2003. In 2005, their product portfolio was further expanded with the addition of derivatives of methyl and ethyl amines. In 2006, Balaji Foundation and Research Centre was set up for rural population as part of the Corporate Social Responsibility (CSR) activity. BAL became the sole manufacturer of GBI, NMP, and Morpholine in the same year. In 2009, the company started power generation through windmills and launched the green technology of Balaji Sarovar Premiere, their five-star hotel, in 2013. Over the years, BAL has successfully diversified into producing and supplying clinical intermediates, chemicals, and lamps, along with commissioning various plants and projects such as a DMF manufacturing plant and a wind turbine. Furthermore, in 2021, BAL commenced operations in their greenfield project at Unit IV.

Share Price: ₹2398.60 per share as on 21 Jun, 2024 04:01 PM
Market Capitalisation: ₹7,771.70Cr as of today
Revenue: ₹413.94Cr as on March 2024 (Q1 24)
Net Profit: ₹72.48Cr as on March 2024 (Q1 24)
Listing date: 05 Apr, 2007
Chairperson Name: A Prathap Reddy
OrganisationBalaji Amines Ltd
Headquarters
IndustryChemicals
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What's happening today

  • img

    Today's Timeline - Invalid Date

    06:22 AM

    -

    Balaji Amines exhibits bullish technical signals, including a weekly RSI divergence and trendline break. Investors advised to go long with an upside target of Rs 2,760 per share.

Key events for Balaji Amines Ltd

  • Bullish Technical Signals for Balaji Amines - 24 Jun, 2024

    Technical analysis suggests a potential bullish shift for Balaji Amines, with a weekly RSI divergence and trendline break indicating an upside target of Rs 2,760 per share. Investors are advised to go long within the price range of Rs 2,375-2,400, with a stop-loss near Rs 2,200.

  • Balaji Amines Dividend Payment Increases Amidst Weak Cash Flows; Analyst Recommends Buying - 20 Jun, 2024

    Balaji Amines announces an increased dividend payment of Rs 11.00, but weak cash flows raise concerns about sustainability. Anand Rathi Shares and Stock Brokers recommends buying the stock with a target price of Rs 2,930 and stop loss of Rs 1,955 for up to 30% upside potential.

  • Balaji Amines Ltd's Balance Sheet Shows Net Cash of ₹3.20b - 12 Jun, 2024

    Balaji Amines had debt of ₹197.0m at the end of March 2024, but its balance sheet shows it holds ₹3.40b in cash, resulting in a net cash position of ₹3.20b. This short-term liquidity indicates that Balaji Amines could easily pay off its debt.

  • Balaji Amines Revenue and EBITDA Beat Estimates - 28 May, 2024

    Balaji Amines revenue beat estimates by 4.5% due to strong volume growth in Amines and Amine derivatives, while EBITDA beat estimates primarily due to a beat in revenue and lower-than-expected operating expenses. The company's ongoing projects are expected to be long-term growth drivers. Analysts retain their BUY rating on the stock with a decreased target price of INR 2,643/share.

Balaji Amines Ltd Valuation

Balaji Amines Ltd in the last 5 years

  • Overview

  • Trends

Lowest (6.87x)

August 5, 2019

Today (37.93x)

June 21, 2024

Industry (44.65x)

June 21, 2024

Highest (54.52x)

September 14, 2021

LowHigh

Mutual Fund Holdings

Funds Holdings
Nippon India Nifty Smallcap 250 Index Fund Dir GrNippon India Nifty Smallcap 250 Index Fund Dir Gr0.14%
SBI Nifty Smallcap 250 Index Fund Direct GrowthSBI Nifty Smallcap 250 Index Fund Direct Growth0.14%
Motilal Oswal Nifty Smallcap 250 Index Fund Direct GrowthMotilal Oswal Nifty Smallcap 250 Index Fund Direct Growth0.14%
DSP Nifty Smallcap250 Quality 50 Index Fund Direct GrowthDSP Nifty Smallcap250 Quality 50 Index Fund Direct Growth1.15%
ICICI Prudential Nifty Smallcap 250 Index Fund Direct GrowthICICI Prudential Nifty Smallcap 250 Index Fund Direct Growth0.14%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
53.7%
0.00
Foreign Institutions
4.92%
0.00
Mutual Funds
0.09%
0.00
Retail Investors
39.9%
0.00
Others
1.4%
0.00

Frequently Asked Questions

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Balaji Amines Ltd (BALAMINES) share price today is ₹2398.6

Balaji Amines Ltd is listed on NSE

Balaji Amines Ltd is listed on BSE

  • Today’s highest price of Balaji Amines Ltd is ₹2507.
  • Today’s lowest price of Balaji Amines Ltd is ₹2358.7.

PE Ratio of Balaji Amines Ltd is 37.93

PE ratio = Balaji Amines Ltd Market price per share / Balaji Amines Ltd Earnings per share

Today’s traded volume of Balaji Amines Ltd(BALAMINES) is 3.81L.

Today’s market capitalisation of Balaji Amines Ltd(BALAMINES) is ₹7771.7Cr.

Balaji Amines Ltd(BALAMINESPrice
52 Week High
₹2735
52 Week Low
₹1960

Balaji Amines Ltd(BALAMINES) share price is ₹2398.6. It is down -12.30% from its 52 Week High price of ₹2735

Balaji Amines Ltd(BALAMINES) share price is ₹2398.6. It is up 22.38% from its 52 Week Low price of ₹1960

Balaji Amines Ltd(BALAMINESReturns
1 Day Returns
1.15%
1 Month Returns
9.46%
3 Month Returns
16.89%
1 Year Returns
6.47%