Balaji Amines Ltd.
•₹ 2,078.2-0.03%
2026-08-21
PROS
- Company is almost debt free
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 113.9% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.38x)
- Company comfortably covers its interest (44.3x coverage)
- Working capital cycle has improved - days down from 211 to 138
CONS
- Receivables are growing faster than sales - a possible quality concern
- Total debt has risen sharply - up 1153.2% year on year
- Company has delivered a poor profit growth of -7.0% over past five years
- Company has delivered a poor sales growth of 1.7% over past five years
- Operating margins have contracted to 18.6% from 26.5%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | SOLARINDS | 19800.00 | 89.97 | 179170.31 | 0.06 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| 2. | PIDILITIND | 1650.00 | 63.40 | 167935.41 | 1.30 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| 3. | SRF | 2575.00 | 35.31 | 76329.39 | 0.35 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| 4. | FLUOROCHEM | 4679.55 | 83.59 | 51404.86 | 0.06 | 219.00 | 19.02 | 1588.00 | 23.97 | 10.02 | 26.83 |
| 5. | NAVINFLUOR | 8281.50 | 53.80 | 42484.11 | 0.18 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| 6. | GODREJIND | 1217.10 | 34.87 | 40998.14 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| 7. | DEEPAKNTR | 1767.85 | 30.78 | 24112.24 | 0.42 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| 8. | AETHER | 1639.40 | 92.52 | 21759.40 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| 9. | ATUL | 6581.75 | 24.36 | 19377.83 | 0.46 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| 10. | AARTIIND | 526.90 | 35.99 | 19112.07 | 0.19 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.39 | 16.00 |
| 11. | DEEPAKFERT | 1474.65 | 18.98 | 18678.34 | 0.68 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| 12. | BALAMINES | 2095.35 | 33.26 | 6789.14 | 0.53 | 78.12 | 113.86 | 455.93 | 27.23 | 12.00 | 25.41 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 464 | 381 | 383 | 414 | 385 | 347 | 313 | 353 | 358 | 341 | 331 | 395 | 456 | |
| 366 | 327 | 309 | 316 | 319 | 286 | 267 | 293 | 304 | 281 | 275 | 301 | 355 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 6 | 7 | 8 | 9 | 8 | 9 | 8 | 8 | 9 | 7 | 5 | 8 | 6 |
| Interest | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 |
| Depreciation | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 13 | 14 | 14 | 14 | 14 | 14 |
| 90 | 48 | 70 | 93 | 62 | 57 | 41 | 54 | 49 | 52 | 46 | 86 | 106 | |
| Tax % | 25.11% | 24.24% | 20.63% | 21.98% | 26.01% | 27.04% | 23.84% | 25.03% | 25.48% | 28.14% | 33.12% | 24.56% | 26.45% |
| Net Profit | 0 | 0 | 0 | 0 | 46 | 41 | 31 | 40 | 37 | 37 | 31 | 65 | 78 |
| 16 | 11 | 15 | 21 | 13 | 13 | 10 | 12 | 12 | 11 | 9 | 20 | 2 | |
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 464
- 366
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 2
- Depreciation
- 11
- 90
- Tax %
- 25.11%
- Net Profit
- 0
- 16
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 381
- 327
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 2
- Depreciation
- 11
- 48
- Tax %
- 24.24%
- Net Profit
- 0
- 11
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 383
- 309
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 2
- Depreciation
- 11
- 70
- Tax %
- 20.63%
- Net Profit
- 0
- 15
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 414
- 316
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 1
- Depreciation
- 12
- 93
- Tax %
- 21.98%
- Net Profit
- 0
- 21
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 385
- 319
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 1
- Depreciation
- 12
- 62
- Tax %
- 26.01%
- Net Profit
- 46
- 13
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 347
- 286
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 1
- Depreciation
- 12
- 57
- Tax %
- 27.04%
- Net Profit
- 41
- 13
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 313
- 267
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 1
- Depreciation
- 12
- 41
- Tax %
- 23.84%
- Net Profit
- 31
- 10
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 353
- 293
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 1
- Depreciation
- 13
- 54
- Tax %
- 25.03%
- Net Profit
- 40
- 12
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 358
- 304
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 1
- Depreciation
- 14
- 49
- Tax %
- 25.48%
- Net Profit
- 37
- 12
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 341
- 281
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 1
- Depreciation
- 14
- 52
- Tax %
- 28.14%
- Net Profit
- 37
- 11
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 331
- 275
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 2
- Depreciation
- 14
- 46
- Tax %
- 33.12%
- Net Profit
- 31
- 9
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 395
- 301
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 2
- Depreciation
- 14
- 86
- Tax %
- 24.56%
- Net Profit
- 65
- 20
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 456
- 355
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 1
- Depreciation
- 14
- 106
- Tax %
- 26.45%
- Net Profit
- 78
- 2
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 670 | 861 | 943 | 936 | 1,311 | 2,323 | 2,355 | 1,642 | 1,397 | 1,425 | 1,523 | |
| 521 | 679 | 751 | 758 | 944 | 1,700 | 1,746 | 1,318 | 1,165 | 1,160 | 1,211 | |
| Operating Profit | 158 | 194 | 198 | 186 | 379 | 637 | 624 | 353 | 265 | 294 | — |
| OPM % | 24 | 22 | 21 | 20 | 29 | 27 | 27 | 22 | 19 | 21 | — |
| Other Income | 9 | 12 | 6 | 8 | 11 | 15 | 15 | 30 | 33 | 29 | 25 |
| Interest | 13 | 9 | 13 | 23 | 18 | 17 | 12 | 6 | 4 | 5 | 6 |
| Depreciation | 20 | 19 | 20 | 32 | 34 | 42 | 46 | 45 | 48 | 56 | 56 |
| 126 | 166 | 165 | 131 | 327 | 578 | 567 | 302 | 213 | 232 | 290 | |
| Tax % | 34 | 32 | 29 | 26 | 25 | 28 | 28 | 23 | 26 | 27 | 27 |
| Net Profit | 82 | 113 | 117 | 97 | 243 | 418 | 406 | 232 | 159 | 169 | 211 |
| EPS | 25 | 35 | 36 | 32 | 74 | 114 | 100 | 63 | 49 | 52 | — |
| Dividend Payout % | 9 | 7 | 8 | 10 | 5 | 5 | 10 | 17 | 23 | 21 | — |
| Minority Interest | 0 | 0 | 0 | 7 | -5 | -49 | -80 | -27 | -1 | -2 | 3 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 25 | 35 | 36 | 32 | 74 | 114 | 100 | 63 | 49 | 52 | — |
| Minority Interest | 0 | 0 | 0 | 7 | -5 | -49 | -80 | -27 | -1 | -2 | 3 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 25 | 35 | 36 | 32 | 74 | 114 | 100 | 63 | 49 | 52 | — |
Mar 2017
- 670
- 521
- Operating Profit
- 158
- OPM %
- 24
- Other Income
- 9
- Interest
- 13
- Depreciation
- 20
- 126
- Tax %
- 34
- Net Profit
- 82
- EPS
- 25
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
Mar 2018
- 861
- 679
- Operating Profit
- 194
- OPM %
- 22
- Other Income
- 12
- Interest
- 9
- Depreciation
- 19
- 166
- Tax %
- 32
- Net Profit
- 113
- EPS
- 35
- Dividend Payout %
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 35
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 35
Mar 2019
- 943
- 751
- Operating Profit
- 198
- OPM %
- 21
- Other Income
- 6
- Interest
- 13
- Depreciation
- 20
- 165
- Tax %
- 29
- Net Profit
- 117
- EPS
- 36
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 36
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 36
Mar 2020
- 936
- 758
- Operating Profit
- 186
- OPM %
- 20
- Other Income
- 8
- Interest
- 23
- Depreciation
- 32
- 131
- Tax %
- 26
- Net Profit
- 97
- EPS
- 32
- Dividend Payout %
- 10
- Minority Interest
- 7
- Share of Associates
- 0
- Adjusted EPS
- 32
- Minority Interest
- 7
- Share of Associates
- 0
- Adjusted EPS
- 32
Mar 2021
- 1,311
- 944
- Operating Profit
- 379
- OPM %
- 29
- Other Income
- 11
- Interest
- 18
- Depreciation
- 34
- 327
- Tax %
- 25
- Net Profit
- 243
- EPS
- 74
- Dividend Payout %
- 5
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 74
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 74
Mar 2022
- 2,323
- 1,700
- Operating Profit
- 637
- OPM %
- 27
- Other Income
- 15
- Interest
- 17
- Depreciation
- 42
- 578
- Tax %
- 28
- Net Profit
- 418
- EPS
- 114
- Dividend Payout %
- 5
- Minority Interest
- -49
- Share of Associates
- 0
- Adjusted EPS
- 114
- Minority Interest
- -49
- Share of Associates
- 0
- Adjusted EPS
- 114
Mar 2023
- 2,355
- 1,746
- Operating Profit
- 624
- OPM %
- 27
- Other Income
- 15
- Interest
- 12
- Depreciation
- 46
- 567
- Tax %
- 28
- Net Profit
- 406
- EPS
- 100
- Dividend Payout %
- 10
- Minority Interest
- -80
- Share of Associates
- 0
- Adjusted EPS
- 100
- Minority Interest
- -80
- Share of Associates
- 0
- Adjusted EPS
- 100
Mar 2024
- 1,642
- 1,318
- Operating Profit
- 353
- OPM %
- 22
- Other Income
- 30
- Interest
- 6
- Depreciation
- 45
- 302
- Tax %
- 23
- Net Profit
- 232
- EPS
- 63
- Dividend Payout %
- 17
- Minority Interest
- -27
- Share of Associates
- 0
- Adjusted EPS
- 63
- Minority Interest
- -27
- Share of Associates
- 0
- Adjusted EPS
- 63
Mar 2025
- 1,397
- 1,165
- Operating Profit
- 265
- OPM %
- 19
- Other Income
- 33
- Interest
- 4
- Depreciation
- 48
- 213
- Tax %
- 26
- Net Profit
- 159
- EPS
- 49
- Dividend Payout %
- 23
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 49
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 49
Mar 2026
- 1,425
- 1,160
- Operating Profit
- 294
- OPM %
- 21
- Other Income
- 29
- Interest
- 5
- Depreciation
- 56
- 232
- Tax %
- 27
- Net Profit
- 169
- EPS
- 52
- Dividend Payout %
- 21
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 52
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 52
TTM
- 1,523
- 1,211
- Operating Profit
- —
- OPM %
- —
- Other Income
- 25
- Interest
- 6
- Depreciation
- 56
- 290
- Tax %
- 27
- Net Profit
- 211
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 3
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 3
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 8%
- 5 Years:
- 2%
- 3 Years:
- -15%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 11%
- 5 Years:
- -7%
- 3 Years:
- -20%
STOCK PRICE CAGR
- 10 Years:
- 22%
- 5 Years:
- -9%
- 3 Years:
- 0%
- 1 Year:
- 33%
RETURN ON EQUITY
- 10 Years:
- 22%
- 5 Years:
- 20%
- 3 Years:
- 11%
- Last Year:
- 9%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| 356 | 461 | 568 | 652 | 888 | 1,243 | 1,548 | 1,715 | 1,839 | 1,970 | |
| 66 | 100 | 107 | 121 | 11 | 16 | 0 | 0 | 0 | 48 | |
| Trade Payables | 51 | 72 | 85 | 59 | 77 | 181 | 62 | 78 | 69 | 85 |
| 155 | 209 | 279 | 274 | 328 | 299 | 346 | 347 | 338 | 633 | |
| Total Liabilities | 635 | 848 | 1,046 | 1,113 | 1,310 | 1,745 | 1,963 | 2,146 | 2,252 | 2,743 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 325 | 316 | 320 | 573 | 543 | 676 | 775 | 891 | 998 | 1,038 | |
| Capital Work in Progress | 25 | 123 | 269 | 46 | 173 | 141 | 113 | 203 | 234 | 512 |
| 0 | 0 | 0 | 48 | 0 | 0 | 73 | 0 | 0 | 0 | |
| 99 | 89 | 163 | 109 | 110 | 222 | 303 | 287 | 274 | 247 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 319 | 275 | 346 | |
| Cash & Bank | 3 | 24 | 20 | 9 | 20 | 52 | 236 | 340 | 354 | 271 |
| 182 | 295 | 273 | 329 | 465 | 654 | 463 | 106 | 117 | 328 | |
| Total Assets | 635 | 848 | 1,046 | 1,113 | 1,310 | 1,745 | 1,963 | 2,146 | 2,252 | 2,743 |
| Total Debt | 105 | 152 | 227 | 260 | 127 | 101 | 58 | 20 | 11 | 133 |
| Net Working Capital | 80 | 98 | 141 | 196 | 334 | 606 | 883 | 848 | 811 | 539 |
| Contingent Liabilities | 2 | 2 | 2 | 2 | 2 | 3 | 6 | 10 | 13 | 14 |
| Book Value per Share | 111.87 | 143.99 | 177.13 | 202.99 | 275.94 | 385.74 | 479.69 | 531.42 | 569.44 | 610.00 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 105 | 152 | 227 | 260 | 127 | 101 | 58 | 20 | 11 | 133 |
| Net Working Capital | 80 | 98 | 141 | 196 | 334 | 606 | 883 | 848 | 811 | 539 |
| Contingent Liabilities | 2 | 2 | 2 | 2 | 2 | 3 | 6 | 10 | 13 | 14 |
| Book Value per Share | 111.87 | 143.99 | 177.13 | 202.99 | 275.94 | 385.74 | 479.69 | 531.42 | 569.44 | 610.00 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2017
- Equity Capital
- 6
- 356
- 66
- Trade Payables
- 51
- 155
- Total Liabilities
- 635
- 325
- Capital Work in Progress
- 25
- 0
- 99
- 0
- Cash & Bank
- 3
- 182
- Total Assets
- 635
- Total Debt
- 105
- Net Working Capital
- 80
- Contingent Liabilities
- 2
- Book Value per Share
- 111.87
- Face Value
- 2.00
- Total Debt
- 105
- Net Working Capital
- 80
- Contingent Liabilities
- 2
- Book Value per Share
- 111.87
- Face Value
- 2.00
Mar 2018
- Equity Capital
- 6
- 461
- 100
- Trade Payables
- 72
- 209
- Total Liabilities
- 848
- 316
- Capital Work in Progress
- 123
- 0
- 89
- 0
- Cash & Bank
- 24
- 295
- Total Assets
- 848
- Total Debt
- 152
- Net Working Capital
- 98
- Contingent Liabilities
- 2
- Book Value per Share
- 143.99
- Face Value
- 2.00
- Total Debt
- 152
- Net Working Capital
- 98
- Contingent Liabilities
- 2
- Book Value per Share
- 143.99
- Face Value
- 2.00
Mar 2019
- Equity Capital
- 6
- 568
- 107
- Trade Payables
- 85
- 279
- Total Liabilities
- 1,046
- 320
- Capital Work in Progress
- 269
- 0
- 163
- 0
- Cash & Bank
- 20
- 273
- Total Assets
- 1,046
- Total Debt
- 227
- Net Working Capital
- 141
- Contingent Liabilities
- 2
- Book Value per Share
- 177.13
- Face Value
- 2.00
- Total Debt
- 227
- Net Working Capital
- 141
- Contingent Liabilities
- 2
- Book Value per Share
- 177.13
- Face Value
- 2.00
Mar 2020
- Equity Capital
- 6
- 652
- 121
- Trade Payables
- 59
- 274
- Total Liabilities
- 1,113
- 573
- Capital Work in Progress
- 46
- 48
- 109
- 0
- Cash & Bank
- 9
- 329
- Total Assets
- 1,113
- Total Debt
- 260
- Net Working Capital
- 196
- Contingent Liabilities
- 2
- Book Value per Share
- 202.99
- Face Value
- 2.00
- Total Debt
- 260
- Net Working Capital
- 196
- Contingent Liabilities
- 2
- Book Value per Share
- 202.99
- Face Value
- 2.00
Mar 2021
- Equity Capital
- 6
- 888
- 11
- Trade Payables
- 77
- 328
- Total Liabilities
- 1,310
- 543
- Capital Work in Progress
- 173
- 0
- 110
- 0
- Cash & Bank
- 20
- 465
- Total Assets
- 1,310
- Total Debt
- 127
- Net Working Capital
- 334
- Contingent Liabilities
- 2
- Book Value per Share
- 275.94
- Face Value
- 2.00
- Total Debt
- 127
- Net Working Capital
- 334
- Contingent Liabilities
- 2
- Book Value per Share
- 275.94
- Face Value
- 2.00
Mar 2022
- Equity Capital
- 6
- 1,243
- 16
- Trade Payables
- 181
- 299
- Total Liabilities
- 1,745
- 676
- Capital Work in Progress
- 141
- 0
- 222
- 0
- Cash & Bank
- 52
- 654
- Total Assets
- 1,745
- Total Debt
- 101
- Net Working Capital
- 606
- Contingent Liabilities
- 3
- Book Value per Share
- 385.74
- Face Value
- 2.00
- Total Debt
- 101
- Net Working Capital
- 606
- Contingent Liabilities
- 3
- Book Value per Share
- 385.74
- Face Value
- 2.00
Mar 2023
- Equity Capital
- 6
- 1,548
- 0
- Trade Payables
- 62
- 346
- Total Liabilities
- 1,963
- 775
- Capital Work in Progress
- 113
- 73
- 303
- 0
- Cash & Bank
- 236
- 463
- Total Assets
- 1,963
- Total Debt
- 58
- Net Working Capital
- 883
- Contingent Liabilities
- 6
- Book Value per Share
- 479.69
- Face Value
- 2.00
- Total Debt
- 58
- Net Working Capital
- 883
- Contingent Liabilities
- 6
- Book Value per Share
- 479.69
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 6
- 1,715
- 0
- Trade Payables
- 78
- 347
- Total Liabilities
- 2,146
- 891
- Capital Work in Progress
- 203
- 0
- 287
- 319
- Cash & Bank
- 340
- 106
- Total Assets
- 2,146
- Total Debt
- 20
- Net Working Capital
- 848
- Contingent Liabilities
- 10
- Book Value per Share
- 531.42
- Face Value
- 2.00
- Total Debt
- 20
- Net Working Capital
- 848
- Contingent Liabilities
- 10
- Book Value per Share
- 531.42
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 6
- 1,839
- 0
- Trade Payables
- 69
- 338
- Total Liabilities
- 2,252
- 998
- Capital Work in Progress
- 234
- 0
- 274
- 275
- Cash & Bank
- 354
- 117
- Total Assets
- 2,252
- Total Debt
- 11
- Net Working Capital
- 811
- Contingent Liabilities
- 13
- Book Value per Share
- 569.44
- Face Value
- 2.00
- Total Debt
- 11
- Net Working Capital
- 811
- Contingent Liabilities
- 13
- Book Value per Share
- 569.44
- Face Value
- 2.00
Mar 2026
- Equity Capital
- 6
- 1,970
- 48
- Trade Payables
- 85
- 633
- Total Liabilities
- 2,743
- 1,038
- Capital Work in Progress
- 512
- 0
- 247
- 346
- Cash & Bank
- 271
- 328
- Total Assets
- 2,743
- Total Debt
- 133
- Net Working Capital
- 539
- Contingent Liabilities
- 14
- Book Value per Share
- 610.00
- Face Value
- 2.00
- Total Debt
- 133
- Net Working Capital
- 539
- Contingent Liabilities
- 14
- Book Value per Share
- 610.00
- Face Value
- 2.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 60 | 140 | 94 | 144 | 110 | 220 | 354 | 334 | 255 | 184 | |
| Cash from Investing | -10 | -135 | -119 | -130 | -62 | -147 | -210 | -274 | -139 | -344 |
| Cash from Financing | -55 | 16 | 21 | -26 | -37 | -57 | -81 | -75 | -49 | 85 |
| -5 | 21 | -4 | -12 | 11 | 16 | 63 | -15 | 68 | -75 | |
| Free Cash Flow | 59 | 25 | -75 | 83 | -20 | 80 | 248 | 86 | 69 | -188 |
| OCF / Net Profit | 0.73 | 1.24 | 0.80 | 1.48 | 0.45 | 0.53 | 0.87 | 1.44 | 1.61 | 1.09 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 71 | 92 | 315 | 476 | 462 | 294 |
| OCF / Net Profit | 0.73 | 1.24 | 0.80 | 1.48 | 0.45 | 0.53 | 0.87 | 1.44 | 1.61 | 1.09 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 71 | 92 | 315 | 476 | 462 | 294 |
Mar 2017
- 60
- Cash from Investing
- -10
- Cash from Financing
- -55
- -5
- Free Cash Flow
- 59
- OCF / Net Profit
- 0.73
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.73
- Cumulative 5-Year FCF
- 0
Mar 2018
- 140
- Cash from Investing
- -135
- Cash from Financing
- 16
- 21
- Free Cash Flow
- 25
- OCF / Net Profit
- 1.24
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.24
- Cumulative 5-Year FCF
- 0
Mar 2019
- 94
- Cash from Investing
- -119
- Cash from Financing
- 21
- -4
- Free Cash Flow
- -75
- OCF / Net Profit
- 0.80
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.80
- Cumulative 5-Year FCF
- 0
Mar 2020
- 144
- Cash from Investing
- -130
- Cash from Financing
- -26
- -12
- Free Cash Flow
- 83
- OCF / Net Profit
- 1.48
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.48
- Cumulative 5-Year FCF
- 0
Mar 2021
- 110
- Cash from Investing
- -62
- Cash from Financing
- -37
- 11
- Free Cash Flow
- -20
- OCF / Net Profit
- 0.45
- Cumulative 5-Year FCF
- 71
- OCF / Net Profit
- 0.45
- Cumulative 5-Year FCF
- 71
Mar 2022
- 220
- Cash from Investing
- -147
- Cash from Financing
- -57
- 16
- Free Cash Flow
- 80
- OCF / Net Profit
- 0.53
- Cumulative 5-Year FCF
- 92
- OCF / Net Profit
- 0.53
- Cumulative 5-Year FCF
- 92
Mar 2023
- 354
- Cash from Investing
- -210
- Cash from Financing
- -81
- 63
- Free Cash Flow
- 248
- OCF / Net Profit
- 0.87
- Cumulative 5-Year FCF
- 315
- OCF / Net Profit
- 0.87
- Cumulative 5-Year FCF
- 315
Mar 2024
- 334
- Cash from Investing
- -274
- Cash from Financing
- -75
- -15
- Free Cash Flow
- 86
- OCF / Net Profit
- 1.44
- Cumulative 5-Year FCF
- 476
- OCF / Net Profit
- 1.44
- Cumulative 5-Year FCF
- 476
Mar 2025
- 255
- Cash from Investing
- -139
- Cash from Financing
- -49
- 68
- Free Cash Flow
- 69
- OCF / Net Profit
- 1.61
- Cumulative 5-Year FCF
- 462
- OCF / Net Profit
- 1.61
- Cumulative 5-Year FCF
- 462
Mar 2026
- 184
- Cash from Investing
- -344
- Cash from Financing
- 85
- -75
- Free Cash Flow
- -188
- OCF / Net Profit
- 1.09
- Cumulative 5-Year FCF
- 294
- OCF / Net Profit
- 1.09
- Cumulative 5-Year FCF
- 294
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 25.42 | 34.93 | 36.27 | 32.34 | 73.51 | 113.71 | 100.47 | 63.22 | 48.62 | 51.60 |
| Book Value (₹) | 111.87 | 143.99 | 177.13 | 202.99 | 275.94 | 385.74 | 479.69 | 531.42 | 569.44 | 610.00 |
| Dividend per Share (₹) | 2.20 | 2.60 | 2.80 | 3.20 | 4.00 | 6.00 | 10.00 | 11.00 | 11.00 | 11.00 |
| Cash EPS (₹) | 31.50 | 40.88 | 42.17 | 39.84 | 85.77 | 141.94 | 139.27 | 85.70 | 63.90 | 69.61 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 21.57% | 22.13% | 20.96% | 19.85% | 28.92% | 27.40% | 26.46% | 19.71% | 16.57% | 18.57% |
| Net Margin % | 11.27% | 12.94% | 12.42% | 10.42% | 18.57% | 17.96% | 17.19% | 14.14% | 11.32% | 11.84% |
| ROE % | 25.71% | 27.31% | 22.51% | 15.83% | 31.38% | 38.98% | 28.94% | 14.18% | 8.89% | 8.85% |
| ROCE % | 30.19% | 32.21% | 25.09% | 17.94% | 35.58% | 50.21% | 39.08% | 18.37% | 12.06% | 12.00% |
| 13.29% | 15.27% | 12.37% | 9.03% | 20.10% | 27.35% | 21.88% | 11.31% | 7.21% | 6.77% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 62 | 62 | 66 | 73 | 71 | 70 | 75 | 77 | 77 | 79 |
| Inventory Days | 44 | 39 | 49 | 53 | 30 | 26 | 41 | 66 | 73 | 67 |
| Payable Days | 53 | 48 | 56 | 51 | 39 | 38 | 36 | 28 | 34 | 35 |
| 53 | 53 | 59 | 75 | 62 | 58 | 80 | 115 | 116 | 111 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.29x | 0.33x | 0.40x | 0.39x | 0.14x | 0.08x | 0.04x | 0.01x | 0.01x | 0.07x |
| Interest Coverage (x) | 10.72x | 19.34x | 13.67x | 6.69x | 18.85x | 34.82x | 48.35x | 47.81x | 58.66x | 44.29x |
| 1.40x | 1.38x | 1.46x | 1.74x | 2.38x | 3.02x | 6.91x | 6.70x | 7.26x | 2.34x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 4.25% | 28.45% | 9.50% | -0.77% | 40.15% | 77.12% | 1.40% | -30.31% | -14.89% | 2.00% |
| Operating Profit Growth % | 21.72% | 22.80% | 2.10% | -6.01% | 104.19% | 68.04% | -2.04% | -43.40% | -24.91% | 10.89% |
| Net Profit Growth % | 42.94% | 37.44% | 3.45% | -16.76% | 149.82% | 71.63% | -2.92% | -42.74% | -31.73% | 6.66% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -37.07% | -23.11% | 6.14% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 32.33x | 24.83x | 18.93x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.85x | 2.12x | 1.60x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.54% | 0.91% | 1.13% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 17.83x | 13.45x | 10.29x |
Mar 2017
- EPS (₹)
- 25.42
- Book Value (₹)
- 111.87
- Dividend per Share (₹)
- 2.20
- Cash EPS (₹)
- 31.50
- Operating Margin %
- 21.57%
- Net Margin %
- 11.27%
- ROE %
- 25.71%
- ROCE %
- 30.19%
- 13.29%
- Debtor Days
- 62
- Inventory Days
- 44
- Payable Days
- 53
- 53
- Debt to Equity (x)
- 0.29x
- Interest Coverage (x)
- 10.72x
- 1.40x
- Revenue Growth %
- 4.25%
- Operating Profit Growth %
- 21.72%
- Net Profit Growth %
- 42.94%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 34.93
- Book Value (₹)
- 143.99
- Dividend per Share (₹)
- 2.60
- Cash EPS (₹)
- 40.88
- Operating Margin %
- 22.13%
- Net Margin %
- 12.94%
- ROE %
- 27.31%
- ROCE %
- 32.21%
- 15.27%
- Debtor Days
- 62
- Inventory Days
- 39
- Payable Days
- 48
- 53
- Debt to Equity (x)
- 0.33x
- Interest Coverage (x)
- 19.34x
- 1.38x
- Revenue Growth %
- 28.45%
- Operating Profit Growth %
- 22.80%
- Net Profit Growth %
- 37.44%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 36.27
- Book Value (₹)
- 177.13
- Dividend per Share (₹)
- 2.80
- Cash EPS (₹)
- 42.17
- Operating Margin %
- 20.96%
- Net Margin %
- 12.42%
- ROE %
- 22.51%
- ROCE %
- 25.09%
- 12.37%
- Debtor Days
- 66
- Inventory Days
- 49
- Payable Days
- 56
- 59
- Debt to Equity (x)
- 0.40x
- Interest Coverage (x)
- 13.67x
- 1.46x
- Revenue Growth %
- 9.50%
- Operating Profit Growth %
- 2.10%
- Net Profit Growth %
- 3.45%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 32.34
- Book Value (₹)
- 202.99
- Dividend per Share (₹)
- 3.20
- Cash EPS (₹)
- 39.84
- Operating Margin %
- 19.85%
- Net Margin %
- 10.42%
- ROE %
- 15.83%
- ROCE %
- 17.94%
- 9.03%
- Debtor Days
- 73
- Inventory Days
- 53
- Payable Days
- 51
- 75
- Debt to Equity (x)
- 0.39x
- Interest Coverage (x)
- 6.69x
- 1.74x
- Revenue Growth %
- -0.77%
- Operating Profit Growth %
- -6.01%
- Net Profit Growth %
- -16.76%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 73.51
- Book Value (₹)
- 275.94
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 85.77
- Operating Margin %
- 28.92%
- Net Margin %
- 18.57%
- ROE %
- 31.38%
- ROCE %
- 35.58%
- 20.10%
- Debtor Days
- 71
- Inventory Days
- 30
- Payable Days
- 39
- 62
- Debt to Equity (x)
- 0.14x
- Interest Coverage (x)
- 18.85x
- 2.38x
- Revenue Growth %
- 40.15%
- Operating Profit Growth %
- 104.19%
- Net Profit Growth %
- 149.82%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 113.71
- Book Value (₹)
- 385.74
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 141.94
- Operating Margin %
- 27.40%
- Net Margin %
- 17.96%
- ROE %
- 38.98%
- ROCE %
- 50.21%
- 27.35%
- Debtor Days
- 70
- Inventory Days
- 26
- Payable Days
- 38
- 58
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 34.82x
- 3.02x
- Revenue Growth %
- 77.12%
- Operating Profit Growth %
- 68.04%
- Net Profit Growth %
- 71.63%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 100.47
- Book Value (₹)
- 479.69
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 139.27
- Operating Margin %
- 26.46%
- Net Margin %
- 17.19%
- ROE %
- 28.94%
- ROCE %
- 39.08%
- 21.88%
- Debtor Days
- 75
- Inventory Days
- 41
- Payable Days
- 36
- 80
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 48.35x
- 6.91x
- Revenue Growth %
- 1.40%
- Operating Profit Growth %
- -2.04%
- Net Profit Growth %
- -2.92%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 63.22
- Book Value (₹)
- 531.42
- Dividend per Share (₹)
- 11.00
- Cash EPS (₹)
- 85.70
- Operating Margin %
- 19.71%
- Net Margin %
- 14.14%
- ROE %
- 14.18%
- ROCE %
- 18.37%
- 11.31%
- Debtor Days
- 77
- Inventory Days
- 66
- Payable Days
- 28
- 115
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 47.81x
- 6.70x
- Revenue Growth %
- -30.31%
- Operating Profit Growth %
- -43.40%
- Net Profit Growth %
- -42.74%
- -37.07%
- P/E (x)
- 32.33x
- P/B (x)
- 3.85x
- Dividend Yield %
- 0.54%
- 17.83x
Mar 2025
- EPS (₹)
- 48.62
- Book Value (₹)
- 569.44
- Dividend per Share (₹)
- 11.00
- Cash EPS (₹)
- 63.90
- Operating Margin %
- 16.57%
- Net Margin %
- 11.32%
- ROE %
- 8.89%
- ROCE %
- 12.06%
- 7.21%
- Debtor Days
- 77
- Inventory Days
- 73
- Payable Days
- 34
- 116
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 58.66x
- 7.26x
- Revenue Growth %
- -14.89%
- Operating Profit Growth %
- -24.91%
- Net Profit Growth %
- -31.73%
- -23.11%
- P/E (x)
- 24.83x
- P/B (x)
- 2.12x
- Dividend Yield %
- 0.91%
- 13.45x
Mar 2026
- EPS (₹)
- 51.60
- Book Value (₹)
- 610.00
- Dividend per Share (₹)
- 11.00
- Cash EPS (₹)
- 69.61
- Operating Margin %
- 18.57%
- Net Margin %
- 11.84%
- ROE %
- 8.85%
- ROCE %
- 12.00%
- 6.77%
- Debtor Days
- 79
- Inventory Days
- 67
- Payable Days
- 35
- 111
- Debt to Equity (x)
- 0.07x
- Interest Coverage (x)
- 44.29x
- 2.34x
- Revenue Growth %
- 2.00%
- Operating Profit Growth %
- 10.89%
- Net Profit Growth %
- 6.66%
- 6.14%
- P/E (x)
- 18.93x
- P/B (x)
- 1.60x
- Dividend Yield %
- 1.13%
- 10.29x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-17 - Balaji Amines Limited has informed the Exchange about Schedule of meet
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-13 - Balaji Amines Limited has informed the Exchange about Schedule of Analysts/ Investors meet under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Jul 2026
May 2026
Jan 2026