Skip to content

    Balaji Amines Limited

    India's largest manufacturer of aliphatic amines and methylamines, serving pharma, agro and EV battery makers.

    Chemicals
    Commodities
    View BALAMINES earnings calls
    ₹2,138.2
    +32.81% from avg

    Overview

    Price

    ₹2,138.2

    Market Cap

    ₹7.4k Cr

    Sector

    Chemicals

    Commodities

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital66666666
    Reserves6528881.2k1.5k1.7k1.8k1.9k2.0k
    Borrowings26012710158201131133
    Other Liabilities195289395351405396418633
    Total Liabilities1.1k1.3k1.7k2.0k2.1k2.3k2.3k2.7k
    AssetsFixed Assets5735436817808961.0k1.1k1.0k
    CWIP46173141113205238339512
    Investments4800730000
    Other Assets4465949239961.0k1.0k9351.2k
    Total Assets1.1k1.3k1.7k2.0k2.1k2.3k2.3k2.7k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating94144110220354334255184
    Cash from Investing-119-130-62-147-210-274-139-344
    Cash from Financing21-26-37-57-81-75-4985
    SummaryCapital Expenditure
    Free Cash Flow-7583-21722348269-186
    FCF Margin

    Valuation

    Assumptions

    Current — BALAMINES
    Price
    ₹2,138
    EPS (TTM)
    ₹63.01
    PE (TTM)
    33.9
    Profit growth
    -25.2%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (31.8×) and current (33.9×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹2,138
    vs
    Fair value · 15% return
    ₹170
    92%Overvalued

    At -25.2% growth and a 32× exit, ₹2138 only delivers your return if you pay ₹170. The price is currently baking in 19% growth.

    EPS grows -25.2%/yr for 5 years, then fades to 6% over 2, exits at 32×.

    YearGrowthEPS (₹)
    FY27-25.2%47.13
    FY28-25.2%35.25
    FY29-25.2%26.37
    FY30-25.2%19.72
    FY31-25.2%14.75
    FY32-9.6% ·fade13.34
    FY336.0% ·fade14.14

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Balaji Amines Limited

    Guides on how to read this kind of business and the numbers that matter.