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Last Updated on: 22 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Balaji Amines Ltd

About the Company - Balaji Amines Ltd

Balaji Amines Ltd. is a Public Limited Listed company incorporated on 27/10/1988 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24132MH1988PLC049387 and registration number is 049387. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs. 1918.05 Cr. and Equity Capital is Rs. 6.48 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Organic - OthersBalaji Towers, No. 9/1/A/1, Solapur Maharashtra 413224cs@balajiamines.com
http://www.balajiamines.com
Management
NamePosition Held
Mr. A Prathap ReddyExecutive Chairman
Mr. D Ram ReddyManaging Director
Mr. A Srinivas ReddyWholeTime Director & CFO
Mr. N Rajeshwar ReddyWhole Time Director
Dr. Suhasini Yatin ShahIndependent Director
Dr. Uma Rajiv PradhanIndependent Director
Mr. Mohan Kumar RamakrishnaIndependent Director
Mr. Adabala Seshagiri RaoIndependent Director

Basic Stock Data of Balaji Amines Ltd

Last Updated: April 6, 2024, 5:47 am

Market Cap 7,302 Cr.
Current Price 2,254
High / Low2,736/1,873
Stock P/E39.6
Book Value 496
Dividend Yield0.44 %
ROCE36.5 %
ROE23.2 %
Face Value 2.00
PEG Ratio3.32

Data Source: screener.in

Balaji Amines Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales392414451526565780670628586471464381383
Expenses275285309394410584455455458378366327309
Operating Profit11712914213115519621517312893985474
OPM %30%31%31%25%27%25%32%27%22%20%21%14%19%
Other Income1433455336678
Interest5434473233222
Depreciation981011101111111211111111
Profit before tax10412013111914518320516211585904870
Tax %24%26%26%26%30%29%28%27%27%35%25%24%21%
Net Profit798997881021311481198455683656
EPS in Rs23.1426.0827.8924.6127.6433.5537.9528.5719.3114.6316.2710.7115.24

Last Updated: May 14, 2024, 12:40 am

Balaji Amines Ltd Quarterly Chart

Balaji Amines Ltd Profit & Loss

Last Updated: April 26, 2024, 11:46 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4475096086166406688589409351,3082,3142,3461,699
Expenses3674295175155145196767477549351,6911,7361,380
Operating Profit818091102127149182193181373623609319
OPM %18%16%15%17%20%22%21%21%19%29%27%26%19%
Other Income44343912456151526
Interest212532352213913231817128
Depreciation10131620192019203234424644
Profit before tax5346465188126166165131327578567294
Tax %32%32%27%35%34%34%32%29%26%25%28%28%
Net Profit36313433588211311797243418406215
EPS in Rs11.009.6210.3410.2517.7825.4234.9336.2732.3473.51113.71100.4756.85
Dividend Payout %7%14%10%12%11%9%7%8%10%5%5%10%

Balaji Amines Ltd Profit & Loss Yearly Chart

Balaji Amines Ltd Growth

Compounded Sales Growth
10 Years:10%
5 Years:12%
3 Years:8%
TTM:-30%
Compounded Profit Growth
10 Years:20%
5 Years:12%
3 Years:-5%
TTM:-37%
Stock Price CAGR
10 Years:46%
5 Years:41%
3 Years:-5%
1 Year:-1%
Return on Equity
10 Years:23%
5 Years:22%
3 Years:22%
Last Year:13%

Last Updated: April 6, 2024, 5:47 am

Balaji Amines Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital6666666666666
Reserves1391651952212743564615686528881,2431,5481,602
Borrowings2162092622561731051522272601271015844
Other Liabilities105139158139152168229244195289395351337
Total Liabilities4665196206236056358481,0461,1131,3101,7451,9631,989
Fixed Assets196234325341341325316320573543681780771
CWIP256383162512326946173141113196
Investments82020000004800730
Other Assets2372022672782482844094574465949239961,023
Total Assets4665196206236056358481,0461,1131,3101,7451,9631,989

Balaji Amines Ltd Reserves and Borrowings Chart

Balaji Amines Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 539411156856014094144110220382
Cash from Investing Activity -56-86-50-4-29-10-135-119-130-62-147-186
Cash from Financing Activity -1-10-53-55-54-551621-26-37-57-81
Net Cash Flow-5-27-32-521-4-121116115

Balaji Amines Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days747971716873658185935971
Inventory Days6687114801067011677646689116
Days Payable428348585556604244541831
Cash Conversion Cycle99831369311987120116104105129156
Working Capital Days75679570787489102919494115
ROCE %19%18%18%23%30%32%24%18%35%49%36%

Balaji Amines Ltd Financial Efficiency Indicators Chart

Balaji Amines Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters53.70%53.70%53.68%53.70%53.70%53.70%53.70%53.70%53.70%53.71%53.71%53.71%
FIIs1.64%2.18%2.35%4.00%3.90%3.99%4.51%4.55%4.39%4.45%4.55%4.52%
DIIs0.37%0.45%0.30%0.48%0.16%0.16%0.18%0.24%0.37%0.34%0.18%0.90%
Public44.29%43.67%43.67%41.82%42.24%42.15%41.61%41.51%41.53%41.50%41.57%40.88%
No. of Shareholders29,82033,12755,74273,3411,07,4121,21,0441,19,6511,20,7851,29,7021,36,6441,40,9571,44,990

Balaji Amines Ltd Shareholding Pattern Chart

No. of Balaji Amines Ltd Shareholders

Balaji Amines Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Nifty Smallcap 250 Index Fund59250.191.29
Motilal Oswal Nifty Smallcap 250 Index Fund37230.190.81
SBI Nifty Smallcap 250 Index Fund27060.190.59
ICICI Prudential Nifty Smallcap 250 Index Fund14680.190.32
HDFC NIFTY Smallcap 250 ETF6710.190.15
HDFC Nifty Smallcap 250 Index Fund5200.190.11
Motilal Oswal Nifty 500 Index Fund4160.020.09
Edelweiss Nifty Smallcap 250 Index Fund1150.180.03
ICICI Prudential S&P BSE 500 ETF970.020.02
HDFC S&P BSE 500 ETF50.020

Balaji Amines Ltd ROCE Trend

Balaji Amines Ltd EPS Trend

Balaji Amines Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)100.47113.7173.5132.3436.27
Diluted EPS (Rs.)100.47113.7173.5132.3436.27
Cash EPS (Rs.)139.27141.9485.7739.8442.17
Book Value[Excl.RevalReserv]/Share (Rs.)524.11405.81280.83206.28182.71
Book Value[Incl.RevalReserv]/Share (Rs.)524.11405.81280.83206.28182.71
Revenue From Operations / Share (Rs.)726.95716.14404.76288.81291.06
PBDIT / Share (Rs.)192.70196.72117.0657.3361.00
PBIT / Share (Rs.)178.63183.76106.4447.5754.96
PBT / Share (Rs.)174.94178.48100.8040.4650.94
Net Profit / Share (Rs.)125.21128.9875.1530.0836.14
NP After MI And SOA / Share (Rs.)100.47113.7173.5132.3436.14
PBDIT Margin (%)26.5027.4628.9219.8520.95
PBIT Margin (%)24.5725.6526.2916.4718.88
PBT Margin (%)24.0624.9224.9014.0117.50
Net Profit Margin (%)17.2218.0118.5610.4112.41
NP After MI And SOA Margin (%)13.8215.8718.1611.1912.41
Return on Networth / Equity (%)20.9429.4726.6315.9220.38
Return on Capital Employeed (%)31.9140.8732.3018.1624.14
Return On Assets (%)16.5819.6518.179.4111.19
Long Term Debt / Equity (X)0.010.040.090.180.14
Total Debt / Equity (X)0.030.050.110.360.33
Asset Turnover Ratio (%)1.011.271.020.851.03
Current Ratio (X)6.922.492.381.741.46
Quick Ratio (X)4.891.961.921.330.92
Inventory Turnover Ratio (X)4.157.205.983.764.73
Dividend Payout Ratio (NP) (%)5.973.510.818.030.00
Dividend Payout Ratio (CP) (%)5.233.150.716.170.00
Earning Retention Ratio (%)94.0396.4999.1991.970.00
Cash Earning Retention Ratio (%)94.7796.8599.2993.830.00
Interest Coverage Ratio (X)52.1537.2720.748.0615.17
Interest Coverage Ratio (Post Tax) (X)34.8925.4414.315.239.99
Enterprise Value (Cr.)6259.559490.085807.491055.901772.63
EV / Net Operating Revenue (X)2.664.094.431.131.88
EV / EBITDA (X)10.0314.8915.315.688.97
MarketCap / Net Operating Revenue (X)2.674.054.360.861.68
Retention Ratios (%)94.0296.4899.1891.960.00
Price / BV (X)4.057.526.391.242.76
Price / Net Operating Revenue (X)2.674.054.360.861.68
EarningsYield0.050.030.040.120.07

Balaji Amines Ltd Profitability Ratios (%)

Balaji Amines Ltd Liquidity Ratios

Balaji Amines Ltd Liquidity Ratios (%)

Balaji Amines Ltd Interest Coverage Ratios (%)

Balaji Amines Ltd Valuation Ratios

Fair Value

Fair Value: ₹4,576.90

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 103.06% compared to the current price ₹2254

Intrinsic Value: ₹5,123.53

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 127.31% compared to the current price ₹2254

Last 5 Year EPS CAGR: 11.94%

*Investments are subject to market risks

Strength and Weakness of Balaji Amines Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 25.17%, which is a positive sign.
  2. The company has higher reserves (639.38 cr) compared to borrowings (168.46 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (479.00 cr) and profit (202.92 cr) over the years.
  1. The stock has a high average Working Capital Days of 87.00, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 112.25, which may not be favorable.

FAQ

What is the latest fair value of Balaji Amines Ltd?

The latest fair value of Balaji Amines Ltd is 4576.90.

What is the Market Cap of Balaji Amines Ltd?

The Market Cap of Balaji Amines Ltd is 7,302 Cr..

What is the current Stock Price of Balaji Amines Ltd as on 17 April 2024?

The current stock price of Balaji Amines Ltd as on 17 April 2024 is 2,254.

What is the High / Low of Balaji Amines Ltd stocks in FY 2024?

In FY 2024, the High / Low of Balaji Amines Ltd stocks is ₹2,736/1,873.

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

The Stock P/E of Balaji Amines Ltd is 39.6.

What is the Book Value of Balaji Amines Ltd?

The Book Value of Balaji Amines Ltd is 496.

What is the Dividend Yield of Balaji Amines Ltd?

The Dividend Yield of Balaji Amines Ltd is 0.44 %.

What is the ROCE of Balaji Amines Ltd?

The ROCE of Balaji Amines Ltd is 36.5 %.

What is the ROE of Balaji Amines Ltd?

The ROE of Balaji Amines Ltd is 23.2 %.

What is the Face Value of Balaji Amines Ltd?

The Face Value of Balaji Amines Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Balaji Amines Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE