Balaji Amines Ltd.
•₹ 2,078.2-0.03%
2026-08-21
PROS
- Company is almost debt free
- Latest quarter profit grew 81.3% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.30x)
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
- Stock looks reasonably valued - P/E of 19.1 is below its historical median
CONS
- Receivables are growing faster than sales - a possible quality concern
- Company has delivered a poor profit growth of -6.5% over past five years
- Company has delivered a poor sales growth of 1.0% over past five years
* 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 | 19650.00 | 89.29 | 177812.96 | 0.06 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| 2. | PIDILITIND | 1662.05 | 63.86 | 169161.84 | 1.29 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| 3. | SRF | 2570.50 | 35.25 | 76196.00 | 0.35 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| 4. | FLUOROCHEM | 4678.85 | 83.57 | 51397.17 | 0.06 | 219.00 | 19.02 | 1588.00 | 23.97 | 10.02 | 26.83 |
| 5. | NAVINFLUOR | 8250.30 | 53.60 | 42324.05 | 0.18 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| 6. | GODREJIND | 1226.50 | 35.14 | 41314.78 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| 7. | DEEPAKNTR | 1749.95 | 30.47 | 23868.10 | 0.43 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| 8. | AETHER | 1634.55 | 92.24 | 21695.03 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| 9. | ATUL | 6520.15 | 24.13 | 19196.47 | 0.46 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| 10. | AARTIIND | 521.50 | 35.62 | 18916.20 | 0.19 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.39 | 16.00 |
| 11. | DEEPAKFERT | 1458.05 | 18.77 | 18468.08 | 0.69 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| 12. | BALAMINES | 2076.25 | 32.95 | 6727.26 | 0.53 | 78.12 | 113.86 | 455.93 | 27.23 | 12.00 | 25.41 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 337 | 325 | 308 | 367 | 333 | 320 | 299 | 322 | 319 | 309 | 301 | 362 | 423 | |
| 286 | 277 | 250 | 278 | 274 | 262 | 248 | 264 | 263 | 259 | 246 | 276 | 331 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 4 | 5 | 6 | 6 | 5 | 6 | 5 | 6 | 7 | 7 | 5 | 8 | 6 |
| Interest | 0 | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Depreciation | 8 | 8 | 8 | 9 | 9 | 9 | 10 | 10 | 11 | 12 | 12 | 11 | 12 |
| 47 | 44 | 56 | 85 | 55 | 54 | 47 | 53 | 52 | 45 | 48 | 82 | 98 | |
| Tax % | 27.22% | 25.64% | 25.27% | 26.10% | 25.78% | 25.84% | 23.82% | 25.33% | 23.96% | 30.16% | 32.47% | 24.59% | 26.25% |
| Net Profit | 34 | 33 | 42 | 63 | 41 | 40 | 36 | 40 | 40 | 31 | 32 | 62 | 72 |
| 11 | 10 | 13 | 19 | 13 | 12 | 11 | 12 | 12 | 10 | 10 | 19 | 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
- 337
- 286
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 8
- 47
- Tax %
- 27.22%
- Net Profit
- 34
- 11
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 325
- 277
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 1
- Depreciation
- 8
- 44
- Tax %
- 25.64%
- Net Profit
- 33
- 10
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 308
- 250
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 1
- Depreciation
- 8
- 56
- Tax %
- 25.27%
- Net Profit
- 42
- 13
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 367
- 278
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 1
- Depreciation
- 9
- 85
- Tax %
- 26.10%
- Net Profit
- 63
- 19
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 333
- 274
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 0
- Depreciation
- 9
- 55
- Tax %
- 25.78%
- Net Profit
- 41
- 13
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 320
- 262
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 1
- Depreciation
- 9
- 54
- Tax %
- 25.84%
- Net Profit
- 40
- 12
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 299
- 248
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 0
- Depreciation
- 10
- 47
- Tax %
- 23.82%
- Net Profit
- 36
- 11
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 322
- 264
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 0
- Depreciation
- 10
- 53
- Tax %
- 25.33%
- Net Profit
- 40
- 12
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 319
- 263
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 0
- Depreciation
- 11
- 52
- Tax %
- 23.96%
- Net Profit
- 40
- 12
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 309
- 259
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 0
- Depreciation
- 12
- 45
- Tax %
- 30.16%
- Net Profit
- 31
- 10
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 301
- 246
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 0
- Depreciation
- 12
- 48
- Tax %
- 32.47%
- Net Profit
- 32
- 10
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 362
- 276
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 1
- Depreciation
- 11
- 82
- Tax %
- 24.59%
- Net Profit
- 62
- 19
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 423
- 331
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 0
- Depreciation
- 12
- 98
- Tax %
- 26.25%
- Net Profit
- 72
- 2
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 668 | 861 | 950 | 919 | 1,228 | 1,921 | 1,726 | 1,338 | 1,274 | 1,292 | 1,395 | |
| 516 | 679 | 758 | 743 | 906 | 1,480 | 1,397 | 1,091 | 1,047 | 1,044 | 1,112 | |
| Operating Profit | 160 | 194 | 199 | 190 | 339 | 459 | 339 | 267 | 249 | 275 | — |
| OPM % | 24 | 22 | 21 | 21 | 28 | 24 | 20 | 20 | 20 | 21 | — |
| Other Income | 8 | 12 | 7 | 14 | 17 | 18 | 10 | 21 | 23 | 28 | 27 |
| Interest | 12 | 9 | 13 | 12 | 5 | 7 | 3 | 2 | 2 | 2 | 2 |
| Depreciation | 18 | 19 | 20 | 24 | 23 | 29 | 31 | 34 | 38 | 46 | 46 |
| 130 | 166 | 166 | 154 | 310 | 423 | 305 | 232 | 209 | 227 | 273 | |
| Tax % | 34 | 32 | 29 | 26 | 25 | 27 | 25 | 26 | 25 | 27 | 27 |
| Net Profit | 86 | 113 | 118 | 114 | 232 | 308 | 228 | 171 | 156 | 166 | 198 |
| EPS | 26 | 35 | 36 | 35 | 72 | 95 | 70 | 53 | 48 | 51 | — |
| Dividend Payout % | 8 | 7 | 8 | 9 | 6 | 6 | 14 | 21 | 23 | 22 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 26 | 35 | 36 | 35 | 72 | 95 | 70 | 53 | 48 | 51 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 26 | 35 | 36 | 35 | 72 | 95 | 70 | 53 | 48 | 51 | — |
Mar 2017
- 668
- 516
- Operating Profit
- 160
- OPM %
- 24
- Other Income
- 8
- Interest
- 12
- Depreciation
- 18
- 130
- Tax %
- 34
- Net Profit
- 86
- EPS
- 26
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 26
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 26
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
- 950
- 758
- Operating Profit
- 199
- OPM %
- 21
- Other Income
- 7
- Interest
- 13
- Depreciation
- 20
- 166
- Tax %
- 29
- Net Profit
- 118
- 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
- 919
- 743
- Operating Profit
- 190
- OPM %
- 21
- Other Income
- 14
- Interest
- 12
- Depreciation
- 24
- 154
- Tax %
- 26
- Net Profit
- 114
- EPS
- 35
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 35
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 35
Mar 2021
- 1,228
- 906
- Operating Profit
- 339
- OPM %
- 28
- Other Income
- 17
- Interest
- 5
- Depreciation
- 23
- 310
- Tax %
- 25
- Net Profit
- 232
- EPS
- 72
- Dividend Payout %
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 72
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 72
Mar 2022
- 1,921
- 1,480
- Operating Profit
- 459
- OPM %
- 24
- Other Income
- 18
- Interest
- 7
- Depreciation
- 29
- 423
- Tax %
- 27
- Net Profit
- 308
- EPS
- 95
- Dividend Payout %
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 95
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 95
Mar 2023
- 1,726
- 1,397
- Operating Profit
- 339
- OPM %
- 20
- Other Income
- 10
- Interest
- 3
- Depreciation
- 31
- 305
- Tax %
- 25
- Net Profit
- 228
- EPS
- 70
- Dividend Payout %
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 70
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 70
Mar 2024
- 1,338
- 1,091
- Operating Profit
- 267
- OPM %
- 20
- Other Income
- 21
- Interest
- 2
- Depreciation
- 34
- 232
- Tax %
- 26
- Net Profit
- 171
- EPS
- 53
- Dividend Payout %
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 53
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 53
Mar 2025
- 1,274
- 1,047
- Operating Profit
- 249
- OPM %
- 20
- Other Income
- 23
- Interest
- 2
- Depreciation
- 38
- 209
- Tax %
- 25
- Net Profit
- 156
- EPS
- 48
- Dividend Payout %
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 48
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 48
Mar 2026
- 1,292
- 1,044
- Operating Profit
- 275
- OPM %
- 21
- Other Income
- 28
- Interest
- 2
- Depreciation
- 46
- 227
- Tax %
- 27
- Net Profit
- 166
- EPS
- 51
- Dividend Payout %
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 51
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 51
TTM
- 1,395
- 1,112
- Operating Profit
- —
- OPM %
- —
- Other Income
- 27
- Interest
- 2
- Depreciation
- 46
- 273
- Tax %
- 27
- Net Profit
- 198
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 7%
- 5 Years:
- 1%
- 3 Years:
- -9%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 10%
- 5 Years:
- -7%
- 3 Years:
- -10%
STOCK PRICE CAGR
- 10 Years:
- 22%
- 5 Years:
- -9%
- 3 Years:
- 0%
- 1 Year:
- 33%
RETURN ON EQUITY
- 10 Years:
- 20%
- 5 Years:
- 16%
- 3 Years:
- 10%
- Last Year:
- 10%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 371 | 461 | 569 | 661 | 891 | 1,186 | 1,394 | 1,528 | 1,649 | 1,778 | |
| 66 | 100 | 95 | 102 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 51 | 72 | 83 | 56 | 74 | 167 | 36 | 73 | 66 | 50 |
| 160 | 181 | 244 | 278 | 321 | 125 | 187 | 129 | 129 | 189 | |
| Total Liabilities | 655 | 819 | 997 | 1,104 | 1,292 | 1,484 | 1,624 | 1,736 | 1,850 | 2,024 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 309 | 316 | 318 | 363 | 344 | 490 | 599 | 719 | 828 | 878 | |
| Capital Work in Progress | 25 | 66 | 63 | 46 | 173 | 141 | 74 | 141 | 151 | 203 |
| 30 | 66 | 66 | 114 | 66 | 66 | 128 | 66 | 66 | 66 | |
| 82 | 89 | 143 | 92 | 96 | 203 | 267 | 263 | 251 | 216 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 262 | 246 | 296 | |
| Cash & Bank | 3 | 7 | 20 | 7 | 18 | 48 | 161 | 206 | 243 | 271 |
| 206 | 275 | 387 | 482 | 595 | 537 | 394 | 79 | 66 | 94 | |
| Total Assets | 655 | 819 | 997 | 1,104 | 1,292 | 1,484 | 1,624 | 1,736 | 1,850 | 2,024 |
| Total Debt | 103 | 115 | 95 | 102 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 60 | 74 | 139 | 170 | 286 | 466 | 685 | 635 | 648 | 667 |
| Contingent Liabilities | 2 | 2 | 2 | 2 | 2 | 5 | 6 | 9 | 11 | 12 |
| Book Value per Share | 116.44 | 144.15 | 177.46 | 206.06 | 276.97 | 368.01 | 432.19 | 473.56 | 510.86 | 550.90 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 103 | 115 | 95 | 102 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 60 | 74 | 139 | 170 | 286 | 466 | 685 | 635 | 648 | 667 |
| Contingent Liabilities | 2 | 2 | 2 | 2 | 2 | 5 | 6 | 9 | 11 | 12 |
| Book Value per Share | 116.44 | 144.15 | 177.46 | 206.06 | 276.97 | 368.01 | 432.19 | 473.56 | 510.86 | 550.90 |
| 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
- 371
- 66
- Trade Payables
- 51
- 160
- Total Liabilities
- 655
- 309
- Capital Work in Progress
- 25
- 30
- 82
- 0
- Cash & Bank
- 3
- 206
- Total Assets
- 655
- Total Debt
- 103
- Net Working Capital
- 60
- Contingent Liabilities
- 2
- Book Value per Share
- 116.44
- Face Value
- 2.00
- Total Debt
- 103
- Net Working Capital
- 60
- Contingent Liabilities
- 2
- Book Value per Share
- 116.44
- Face Value
- 2.00
Mar 2018
- Equity Capital
- 6
- 461
- 100
- Trade Payables
- 72
- 181
- Total Liabilities
- 819
- 316
- Capital Work in Progress
- 66
- 66
- 89
- 0
- Cash & Bank
- 7
- 275
- Total Assets
- 819
- Total Debt
- 115
- Net Working Capital
- 74
- Contingent Liabilities
- 2
- Book Value per Share
- 144.15
- Face Value
- 2.00
- Total Debt
- 115
- Net Working Capital
- 74
- Contingent Liabilities
- 2
- Book Value per Share
- 144.15
- Face Value
- 2.00
Mar 2019
- Equity Capital
- 6
- 569
- 95
- Trade Payables
- 83
- 244
- Total Liabilities
- 997
- 318
- Capital Work in Progress
- 63
- 66
- 143
- 0
- Cash & Bank
- 20
- 387
- Total Assets
- 997
- Total Debt
- 95
- Net Working Capital
- 139
- Contingent Liabilities
- 2
- Book Value per Share
- 177.46
- Face Value
- 2.00
- Total Debt
- 95
- Net Working Capital
- 139
- Contingent Liabilities
- 2
- Book Value per Share
- 177.46
- Face Value
- 2.00
Mar 2020
- Equity Capital
- 6
- 661
- 102
- Trade Payables
- 56
- 278
- Total Liabilities
- 1,104
- 363
- Capital Work in Progress
- 46
- 114
- 92
- 0
- Cash & Bank
- 7
- 482
- Total Assets
- 1,104
- Total Debt
- 102
- Net Working Capital
- 170
- Contingent Liabilities
- 2
- Book Value per Share
- 206.06
- Face Value
- 2.00
- Total Debt
- 102
- Net Working Capital
- 170
- Contingent Liabilities
- 2
- Book Value per Share
- 206.06
- Face Value
- 2.00
Mar 2021
- Equity Capital
- 6
- 891
- 0
- Trade Payables
- 74
- 321
- Total Liabilities
- 1,292
- 344
- Capital Work in Progress
- 173
- 66
- 96
- 0
- Cash & Bank
- 18
- 595
- Total Assets
- 1,292
- Total Debt
- 0
- Net Working Capital
- 286
- Contingent Liabilities
- 2
- Book Value per Share
- 276.97
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 286
- Contingent Liabilities
- 2
- Book Value per Share
- 276.97
- Face Value
- 2.00
Mar 2022
- Equity Capital
- 6
- 1,186
- 0
- Trade Payables
- 167
- 125
- Total Liabilities
- 1,484
- 490
- Capital Work in Progress
- 141
- 66
- 203
- 0
- Cash & Bank
- 48
- 537
- Total Assets
- 1,484
- Total Debt
- 0
- Net Working Capital
- 466
- Contingent Liabilities
- 5
- Book Value per Share
- 368.01
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 466
- Contingent Liabilities
- 5
- Book Value per Share
- 368.01
- Face Value
- 2.00
Mar 2023
- Equity Capital
- 6
- 1,394
- 0
- Trade Payables
- 36
- 187
- Total Liabilities
- 1,624
- 599
- Capital Work in Progress
- 74
- 128
- 267
- 0
- Cash & Bank
- 161
- 394
- Total Assets
- 1,624
- Total Debt
- 0
- Net Working Capital
- 685
- Contingent Liabilities
- 6
- Book Value per Share
- 432.19
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 685
- Contingent Liabilities
- 6
- Book Value per Share
- 432.19
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 6
- 1,528
- 0
- Trade Payables
- 73
- 129
- Total Liabilities
- 1,736
- 719
- Capital Work in Progress
- 141
- 66
- 263
- 262
- Cash & Bank
- 206
- 79
- Total Assets
- 1,736
- Total Debt
- 0
- Net Working Capital
- 635
- Contingent Liabilities
- 9
- Book Value per Share
- 473.56
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 635
- Contingent Liabilities
- 9
- Book Value per Share
- 473.56
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 6
- 1,649
- 0
- Trade Payables
- 66
- 129
- Total Liabilities
- 1,850
- 828
- Capital Work in Progress
- 151
- 66
- 251
- 246
- Cash & Bank
- 243
- 66
- Total Assets
- 1,850
- Total Debt
- 0
- Net Working Capital
- 648
- Contingent Liabilities
- 11
- Book Value per Share
- 510.86
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 648
- Contingent Liabilities
- 11
- Book Value per Share
- 510.86
- Face Value
- 2.00
Mar 2026
- Equity Capital
- 6
- 1,778
- 0
- Trade Payables
- 50
- 189
- Total Liabilities
- 2,024
- 878
- Capital Work in Progress
- 203
- 66
- 216
- 296
- Cash & Bank
- 271
- 94
- Total Assets
- 2,024
- Total Debt
- 0
- Net Working Capital
- 667
- Contingent Liabilities
- 12
- Book Value per Share
- 550.90
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 667
- Contingent Liabilities
- 12
- Book Value per Share
- 550.90
- Face Value
- 2.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 72 | 126 | 89 | 148 | 94 | 176 | 187 | 217 | 224 | 200 | |
| Cash from Investing | -23 | -93 | -47 | -130 | -87 | -142 | -155 | -190 | -179 | -129 |
| Cash from Financing | -54 | -29 | -29 | -31 | 3 | -20 | -22 | -35 | -38 | -36 |
| -5 | 4 | 13 | -13 | 10 | 14 | 10 | -8 | 8 | 35 | |
| Free Cash Flow | 59 | 51 | 71 | 96 | -36 | 36 | 124 | -2 | 68 | 53 |
| OCF / Net Profit | 0.84 | 1.12 | 0.75 | 1.30 | 0.41 | 0.57 | 0.82 | 1.26 | 1.44 | 1.21 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 240 | 217 | 291 | 218 | 191 | 280 |
| OCF / Net Profit | 0.84 | 1.12 | 0.75 | 1.30 | 0.41 | 0.57 | 0.82 | 1.26 | 1.44 | 1.21 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 240 | 217 | 291 | 218 | 191 | 280 |
Mar 2017
- 72
- Cash from Investing
- -23
- Cash from Financing
- -54
- -5
- Free Cash Flow
- 59
- OCF / Net Profit
- 0.84
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.84
- Cumulative 5-Year FCF
- 0
Mar 2018
- 126
- Cash from Investing
- -93
- Cash from Financing
- -29
- 4
- Free Cash Flow
- 51
- OCF / Net Profit
- 1.12
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.12
- Cumulative 5-Year FCF
- 0
Mar 2019
- 89
- Cash from Investing
- -47
- Cash from Financing
- -29
- 13
- Free Cash Flow
- 71
- OCF / Net Profit
- 0.75
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.75
- Cumulative 5-Year FCF
- 0
Mar 2020
- 148
- Cash from Investing
- -130
- Cash from Financing
- -31
- -13
- Free Cash Flow
- 96
- OCF / Net Profit
- 1.30
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.30
- Cumulative 5-Year FCF
- 0
Mar 2021
- 94
- Cash from Investing
- -87
- Cash from Financing
- 3
- 10
- Free Cash Flow
- -36
- OCF / Net Profit
- 0.41
- Cumulative 5-Year FCF
- 240
- OCF / Net Profit
- 0.41
- Cumulative 5-Year FCF
- 240
Mar 2022
- 176
- Cash from Investing
- -142
- Cash from Financing
- -20
- 14
- Free Cash Flow
- 36
- OCF / Net Profit
- 0.57
- Cumulative 5-Year FCF
- 217
- OCF / Net Profit
- 0.57
- Cumulative 5-Year FCF
- 217
Mar 2023
- 187
- Cash from Investing
- -155
- Cash from Financing
- -22
- 10
- Free Cash Flow
- 124
- OCF / Net Profit
- 0.82
- Cumulative 5-Year FCF
- 291
- OCF / Net Profit
- 0.82
- Cumulative 5-Year FCF
- 291
Mar 2024
- 217
- Cash from Investing
- -190
- Cash from Financing
- -35
- -8
- Free Cash Flow
- -2
- OCF / Net Profit
- 1.26
- Cumulative 5-Year FCF
- 218
- OCF / Net Profit
- 1.26
- Cumulative 5-Year FCF
- 218
Mar 2025
- 224
- Cash from Investing
- -179
- Cash from Financing
- -38
- 8
- Free Cash Flow
- 68
- OCF / Net Profit
- 1.44
- Cumulative 5-Year FCF
- 191
- OCF / Net Profit
- 1.44
- Cumulative 5-Year FCF
- 191
Mar 2026
- 200
- Cash from Investing
- -129
- Cash from Financing
- -36
- 35
- Free Cash Flow
- 53
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 280
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 280
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 26.41 | 34.93 | 36.44 | 35.11 | 71.51 | 95.04 | 70.23 | 52.87 | 48.21 | 51.09 |
| Book Value (₹) | 116.44 | 144.15 | 177.46 | 206.06 | 276.97 | 368.01 | 432.19 | 473.56 | 510.86 | 550.90 |
| 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 (₹) | 32.03 | 40.88 | 42.48 | 42.57 | 78.72 | 104.04 | 79.88 | 63.25 | 60.05 | 65.16 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 21.95% | 22.13% | 20.91% | 20.68% | 27.58% | 23.89% | 19.62% | 18.42% | 17.73% | 19.11% |
| Net Margin % | 11.77% | 12.94% | 12.43% | 12.38% | 18.87% | 16.01% | 13.15% | 12.80% | 12.23% | 12.79% |
| ROE % | 25.58% | 26.81% | 22.66% | 18.31% | 29.61% | 29.47% | 17.55% | 11.67% | 9.80% | 9.62% |
| ROCE % | 30.53% | 32.91% | 28.60% | 23.04% | 37.82% | 41.17% | 23.77% | 15.93% | 13.22% | 13.35% |
| 13.56% | 15.35% | 13.00% | 10.82% | 19.34% | 22.18% | 14.64% | 10.20% | 8.71% | 8.55% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 61 | 61 | 65 | 71 | 69 | 67 | 73 | 71 | 73 | 76 |
| Inventory Days | 35 | 36 | 45 | 47 | 28 | 28 | 50 | 72 | 73 | 66 |
| Payable Days | 53 | 48 | 54 | 50 | 38 | 41 | 37 | 26 | 36 | 30 |
| 43 | 49 | 56 | 68 | 59 | 55 | 86 | 117 | 110 | 112 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.27x | 0.25x | 0.16x | 0.15x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 12.17x | 19.34x | 13.75x | 13.67x | 59.10x | 61.10x | 112.72x | 107.29x | 113.51x | 100.83x |
| 1.30x | 1.29x | 1.54x | 1.77x | 2.43x | 2.97x | 5.27x | 5.95x | 6.68x | 5.88x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 5.14% | 29.02% | 10.29% | -3.24% | 33.59% | 56.43% | -10.12% | -22.50% | -4.80% | 1.41% |
| Operating Profit Growth % | 21.76% | 21.23% | 2.61% | -4.33% | 78.21% | 35.64% | -26.12% | -21.19% | -6.82% | 10.47% |
| Net Profit Growth % | 39.66% | 32.26% | 4.33% | -3.66% | 103.70% | 32.90% | -26.11% | -24.72% | -8.81% | 5.96% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -24.72% | -8.81% | 5.96% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 38.66x | 25.04x | 19.12x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.32x | 2.36x | 1.77x |
| 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 | 23.99x | 14.72x | 10.52x |
Mar 2017
- EPS (₹)
- 26.41
- Book Value (₹)
- 116.44
- Dividend per Share (₹)
- 2.20
- Cash EPS (₹)
- 32.03
- Operating Margin %
- 21.95%
- Net Margin %
- 11.77%
- ROE %
- 25.58%
- ROCE %
- 30.53%
- 13.56%
- Debtor Days
- 61
- Inventory Days
- 35
- Payable Days
- 53
- 43
- Debt to Equity (x)
- 0.27x
- Interest Coverage (x)
- 12.17x
- 1.30x
- Revenue Growth %
- 5.14%
- Operating Profit Growth %
- 21.76%
- Net Profit Growth %
- 39.66%
- 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 (₹)
- 144.15
- Dividend per Share (₹)
- 2.60
- Cash EPS (₹)
- 40.88
- Operating Margin %
- 22.13%
- Net Margin %
- 12.94%
- ROE %
- 26.81%
- ROCE %
- 32.91%
- 15.35%
- Debtor Days
- 61
- Inventory Days
- 36
- Payable Days
- 48
- 49
- Debt to Equity (x)
- 0.25x
- Interest Coverage (x)
- 19.34x
- 1.29x
- Revenue Growth %
- 29.02%
- Operating Profit Growth %
- 21.23%
- Net Profit Growth %
- 32.26%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 36.44
- Book Value (₹)
- 177.46
- Dividend per Share (₹)
- 2.80
- Cash EPS (₹)
- 42.48
- Operating Margin %
- 20.91%
- Net Margin %
- 12.43%
- ROE %
- 22.66%
- ROCE %
- 28.60%
- 13.00%
- Debtor Days
- 65
- Inventory Days
- 45
- Payable Days
- 54
- 56
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- 13.75x
- 1.54x
- Revenue Growth %
- 10.29%
- Operating Profit Growth %
- 2.61%
- Net Profit Growth %
- 4.33%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 35.11
- Book Value (₹)
- 206.06
- Dividend per Share (₹)
- 3.20
- Cash EPS (₹)
- 42.57
- Operating Margin %
- 20.68%
- Net Margin %
- 12.38%
- ROE %
- 18.31%
- ROCE %
- 23.04%
- 10.82%
- Debtor Days
- 71
- Inventory Days
- 47
- Payable Days
- 50
- 68
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- 13.67x
- 1.77x
- Revenue Growth %
- -3.24%
- Operating Profit Growth %
- -4.33%
- Net Profit Growth %
- -3.66%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 71.51
- Book Value (₹)
- 276.97
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 78.72
- Operating Margin %
- 27.58%
- Net Margin %
- 18.87%
- ROE %
- 29.61%
- ROCE %
- 37.82%
- 19.34%
- Debtor Days
- 69
- Inventory Days
- 28
- Payable Days
- 38
- 59
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 59.10x
- 2.43x
- Revenue Growth %
- 33.59%
- Operating Profit Growth %
- 78.21%
- Net Profit Growth %
- 103.70%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 95.04
- Book Value (₹)
- 368.01
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 104.04
- Operating Margin %
- 23.89%
- Net Margin %
- 16.01%
- ROE %
- 29.47%
- ROCE %
- 41.17%
- 22.18%
- Debtor Days
- 67
- Inventory Days
- 28
- Payable Days
- 41
- 55
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 61.10x
- 2.97x
- Revenue Growth %
- 56.43%
- Operating Profit Growth %
- 35.64%
- Net Profit Growth %
- 32.90%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 70.23
- Book Value (₹)
- 432.19
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 79.88
- Operating Margin %
- 19.62%
- Net Margin %
- 13.15%
- ROE %
- 17.55%
- ROCE %
- 23.77%
- 14.64%
- Debtor Days
- 73
- Inventory Days
- 50
- Payable Days
- 37
- 86
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 112.72x
- 5.27x
- Revenue Growth %
- -10.12%
- Operating Profit Growth %
- -26.12%
- Net Profit Growth %
- -26.11%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 52.87
- Book Value (₹)
- 473.56
- Dividend per Share (₹)
- 11.00
- Cash EPS (₹)
- 63.25
- Operating Margin %
- 18.42%
- Net Margin %
- 12.80%
- ROE %
- 11.67%
- ROCE %
- 15.93%
- 10.20%
- Debtor Days
- 71
- Inventory Days
- 72
- Payable Days
- 26
- 117
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 107.29x
- 5.95x
- Revenue Growth %
- -22.50%
- Operating Profit Growth %
- -21.19%
- Net Profit Growth %
- -24.72%
- -24.72%
- P/E (x)
- 38.66x
- P/B (x)
- 4.32x
- Dividend Yield %
- 0.54%
- 23.99x
Mar 2025
- EPS (₹)
- 48.21
- Book Value (₹)
- 510.86
- Dividend per Share (₹)
- 11.00
- Cash EPS (₹)
- 60.05
- Operating Margin %
- 17.73%
- Net Margin %
- 12.23%
- ROE %
- 9.80%
- ROCE %
- 13.22%
- 8.71%
- Debtor Days
- 73
- Inventory Days
- 73
- Payable Days
- 36
- 110
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 113.51x
- 6.68x
- Revenue Growth %
- -4.80%
- Operating Profit Growth %
- -6.82%
- Net Profit Growth %
- -8.81%
- -8.81%
- P/E (x)
- 25.04x
- P/B (x)
- 2.36x
- Dividend Yield %
- 0.91%
- 14.72x
Mar 2026
- EPS (₹)
- 51.09
- Book Value (₹)
- 550.90
- Dividend per Share (₹)
- 11.00
- Cash EPS (₹)
- 65.16
- Operating Margin %
- 19.11%
- Net Margin %
- 12.79%
- ROE %
- 9.62%
- ROCE %
- 13.35%
- 8.55%
- Debtor Days
- 76
- Inventory Days
- 66
- Payable Days
- 30
- 112
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 100.83x
- 5.88x
- Revenue Growth %
- 1.41%
- Operating Profit Growth %
- 10.47%
- Net Profit Growth %
- 5.96%
- 5.96%
- P/E (x)
- 19.12x
- P/B (x)
- 1.77x
- Dividend Yield %
- 1.13%
- 10.52x
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