Balaji Amines Limited

NSE: BALAMINES · Chemicals

₹1,761.50-1.81%06 Nov 2026

Ask the data

Instant answers about Balaji Amines Limited — computed from its filings, no language model

Market cap₹5,707 cr

Current price₹1,761.50

High / Low₹2,567 / ₹977

P/E27.6

P/B2.74

Book value₹642.9

ROE9.9%

ROCE14.9%

Debt / equity0.08

Dividend yield0.62%

EPS (TTM)₹63.88

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	936	1,311	2,320	2,355	1,642	1,425
EBITDA	181	373	630	609	324	265
Operating margin	19.3%	28.5%	27.2%	25.9%	19.7%	18.6%
Interest	23	18	17	12	6	5
Depreciation	32	34	42	46	45	56
Profit before tax	135	327	578	567	302	232
Tax	38	83	160	161	69	63
Net profit	105	238	368	326	200	169
EPS ₹	32.34	73.52	113.71	100.47	63.22	51.60
Operating cash flow	—	—	232	382	220	184
Capex	—	—	148	120	255	370
Dividend paid	—	—	13	19	32	36
Total assets	—	—	—	1,963	2,146	2,743
Equity	—	—	—	1,554	1,722	1,976

Quarterly performance

last 30 quarters · ₹ crore

showing latest 8 of 30 periods

	JUN '18	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	260	223	227	228	258	223	282	392	414	451	526	565	779	670	628	586	471	464	381	383	414	385	347	313	358	341	331	395	456	468
Operating profit	59	38	45	43	56	53	74	117	129	143	131	159	197	215	173	128	93	98	54	74	98	66	61	46	55	60	57	94	116	102
Operating margin	22.6%	16.8%	19.7%	18.8%	21.6%	23.9%	26.1%	29.9%	31.1%	31.7%	25.0%	28.1%	25.3%	32.1%	27.6%	21.8%	19.8%	21.1%	14.1%	19.4%	23.6%	17.2%	17.5%	14.6%	15.3%	17.6%	17.1%	23.9%	25.4%	21.7%
Other income	1	1	1	1	2	1	1	1	4	1	3	1	2	5	3	3	6	6	7	8	9	8	9	8	9	7	5	8	6	4
Interest	3	3	7	6	6	4	5	5	4	3	4	5	5	3	3	3	3	2	2	2	1	1	1	1	1	1	2	2	1	1
Depreciation	5	6	8	8	10	8	9	9	8	10	11	10	11	11	11	12	11	11	11	11	12	12	12	12	14	14	14	14	14	15
Profit before tax	52	30	31	29	41	42	60	104	120	131	119	145	183	205	162	115	85	90	48	70	93	62	57	41	49	52	46	86	106	89
Tax	18	11	7	8	11	11	16	25	31	34	31	43	52	57	43	31	30	23	12	14	20	16	15	10	12	15	15	21	28	22
Net profit	0	0	31	23	31	33	46	75	84	90	80	90	109	0	93	63	47	53	34	49	68	43	41	33	38	35	0	65	75	67
EPS ₹	10.44	5.70	9.70	7.22	9.51	10.17	14.12	23.14	26.08	27.90	24.61	27.64	33.56	37.95	28.57	19.31	14.63	16.28	10.71	15.24	21.00	13.36	12.65	10.24	11.73	10.67	9.49	19.99	23.13	20.76
Revenue YoY	—	-14.2%	—	—	—	-0.0%	24.3%	72.3%	60.5%	102.2%	86.2%	44.1%	88.2%	48.7%	19.4%	3.7%	-39.5%	-30.8%	-39.4%	-34.6%	-12.2%	-17.0%	-8.8%	-18.4%	-6.9%	-1.8%	5.9%	—	27.2%	37.3%
Profit YoY	—	—	—	—	—	—	45.6%	220.2%	174.2%	174.2%	74.3%	19.5%	28.7%	-100.0%	16.1%	-30.2%	-56.4%	—	-63.2%	-21.1%	43.5%	-17.7%	20.2%	-32.7%	-12.2%	-15.7%	-100.0%	—	97.2%	94.6%

Earlier results (standalone, Sep '07 – Mar '18)

₹ crore · from BSE, before the NSE XBRL filings begin

Balaji Amines Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†
Revenue	252	262	357	512	610	605	635	695	877
Operating profit	37	46	63	80	91	102	129	155	190
Operating margin	14.7%	17.7%	17.6%	15.7%	14.9%	16.9%	20.3%	22.3%	21.6%
Other income	3	1	2	4	3	3	2	3	4
Interest	10	10	14	25	32	31	20	12	9
Depreciation	5	7	8	13	16	19	18	18	19
Profit before tax	25	32	43	48	46	56	93	130	166
Tax	10	11	16	17	12	19	32	45	53
Net profit	15	21	27	31	34	36	61	86	113

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†
Revenue	50	61	58	73	72	51	56	59	65	64	74	79	91	97	90	115	104	113	137	126	108	141	140	161	138	172	164	150	142	148	160	159	150	166	166	172	180	177	200	201	219	257
Operating profit	10	8	6	10	13	9	6	10	13	11	12	14	16	18	15	18	21	22	23	23	17	18	23	28	19	21	25	28	20	29	29	28	31	41	40	40	37	38	41	52	51	47
Operating margin	19.5%	13.7%	10.1%	13.4%	18.0%	17.0%	10.1%	16.8%	20.5%	17.4%	16.0%	17.7%	17.8%	18.6%	16.2%	15.4%	20.1%	19.6%	16.8%	18.3%	15.3%	12.5%	16.2%	17.2%	14.1%	12.3%	15.2%	18.7%	14.3%	19.5%	18.2%	17.6%	20.7%	24.6%	24.3%	23.0%	20.3%	21.6%	20.3%	25.6%	23.1%	18.2%
Other income	-0	0	1	1	0	1	1	1	1	0	-0	0	1	1	0	1	1	2	1	2	0	1	1	1	1	1	1	1	1	1	1	1	0	1	1	1	1	1	1	1	1	1
Interest	2	2	2	2	3	3	2	2	2	3	3	3	3	4	4	5	5	5	7	7	6	6	7	7	9	8	8	8	8	7	6	5	5	4	3	3	3	2	3	2	2	3
Depreciation	1	1	1	1	1	1	1	1	2	2	2	2	2	2	2	3	3	3	3	3	3	3	4	4	4	4	5	5	5	4	4	4	4	5	4	4	4	5	4	4	4	6
Profit before tax	7	5	3	7	9	6	3	7	10	7	7	10	12	13	8	11	14	16	15	15	10	9	12	18	7	9	12	16	8	19	20	19	22	33	35	33	30	33	34	46	46	39
Tax	3	2	0	2	2	3	2	2	3	3	3	4	2	4	6	4	4	5	5	6	2	3	4	6	3	-0	3	7	2	7	7	7	8	10	8	11	11	15	12	17	18	6
Net profit	4	3	3	5	7	3	1	5	8	4	4	6	10	9	2	7	11	11	9	9	7	6	9	12	4	9	9	9	6	12	13	12	13	23	26	22	20	18	23	29	28	33
EPS ₹	5.55	5.01	4.76	7.95	10.30	4.43	0.97	7.75	11.69	6.50	5.93	9.60	15.42	2.69	0.52	2.21	3.28	3.32	2.95	2.74	2.23	1.76	2.63	3.62	1.30	2.81	2.87	2.81	1.91	3.63	3.96	3.64	4.11	7.20	8.13	6.71	6.05	5.52	7.02	9.00	8.67	10.24
Revenue YoY	—	—	—	—	43.3%	-16.1%	-3.3%	-19.5%	-8.7%	25.1%	31.9%	34.1%	39.6%	51.8%	21.9%	45.1%	14.2%	16.5%	19.2%	21.0%	-4.3%	—	2.6%	27.8%	27.6%	21.2%	17.4%	-6.6%	3.0%	-13.5%	-2.9%	5.6%	5.9%	12.3%	3.8%	8.4%	20.1%	6.4%	20.7%	16.9%	21.4%	45.1%
Profit YoY	—	—	—	—	85.6%	-11.4%	-79.6%	-2.5%	13.5%	46.7%	509.5%	23.9%	31.8%	107.1%	-56.3%	15.3%	6.4%	23.5%	30.7%	-16.4%	-32.9%	—	-9.2%	31.9%	-41.9%	59.5%	9.4%	-22.5%	47.1%	29.5%	37.8%	29.9%	115.4%	98.3%	105.3%	84.0%	47.5%	-23.4%	-13.6%	34.2%	43.1%	85.7%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 23 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	20.1%	18.3%	13.0%	16.4%	12.2%	11.4%	11.8%	11.3%	11.4%	10.5%	6.9%	8.8%	9.9%
ROCE	—	—	—	—	—	—	—	—	—	—	45.7%	43.7%	35.9%	28.7%	21.0%	18.2%	17.7%	16.0%	16.0%	14.4%	11.3%	14.0%	14.9%
Net margin	9.2%	12.7%	13.4%	16.0%	18.2%	19.2%	18.5%	17.6%	15.9%	10.9%	11.0%	9.9%	8.6%	11.9%	10.3%	10.8%	12.4%	12.5%	13.2%	12.7%	9.6%	11.4%	12.5%
EBITDA margin	19.3%	21.0%	22.7%	26.0%	28.5%	30.1%	29.2%	28.7%	27.2%	27.6%	28.2%	26.8%	25.9%	22.9%	19.6%	18.8%	19.7%	18.7%	19.5%	18.5%	18.6%	21.5%	22.3%
Debt / equity	—	—	—	—	—	—	—	—	—	—	0.08	0.08	0.04	0.04	0.03	0.03	0.01	0.01	0.01	0.01	0.07	0.07	0.08
Interest coverage	6.69	6.95	8.70	12.87	18.86	25.30	30.92	33.76	34.80	38.48	43.51	46.49	48.27	44.52	38.35	39.33	47.83	49.62	58.46	61.62	44.21	48.80	51.83
Asset turnover	—	—	—	—	—	—	—	—	—	—	1.29	1.30	1.20	1.09	0.96	0.85	0.76	0.73	0.71	0.68	0.52	0.56	0.60

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 8 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	6	6	6	6	6	6	6	6
Other equity / reserves	1,438	1,548	1,602	1,715	1,764	1,875	1,970	2,077
Total equity	1,444	1,554	1,608	1,722	1,770	1,882	1,976	2,083
Borrowings	111	58	44	20	15	31	133	161
Current liabilities	371	149	116	149	105	164	402	208
Non-current liabilities	125	115	104	104	103	111	189	261
Total assets	2,056	1,963	1,989	2,146	2,153	2,331	2,743	2,731
Property, plant & equipment	784	775	766	891	882	1,049	1,035	1,160
Capital work-in-progress	35	113	196	203	283	339	512	513
Investments	25	73	0	0	0	0	0	0
Inventories	454	303	234	287	295	298	247	282
Receivables	485	378	348	319	291	287	346	389
Cash & equivalents	56	148	143	81	153	39	74	53

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY26
Cash from operations	232	382	220	184
Cash from investing	-134	-186	-160	-344
Cash from financing	-66	-81	-75	85
Capex	148	120	255	370
Free cash flow	84	262	-35	-186
Dividends paid	13	19	32	36

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,160 cr42%

CWIP

₹513 cr19%

Inventories

₹282 cr10%

Receivables

₹389 cr14%

Cash & equivalents

₹53 cr2%

Other assets

₹335 cr12%

Peer comparison

largest in Chemicals · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Solar Industries India Ltd.	1,68,402	18,608.00	74.4	21.95	29.5%
Pidilite Industries Ltd.	1,60,821	1,579.00	59.9	14.34	23.9%
SRF Ltd.	72,931	2,460.40	143.2	4.77	3.3%
Linde India Ltd.	58,496	6,859.00	755.3	13.33	1.8%
Coromandel International Ltd.	53,808	1,824.00	31.8	428.48	1349.1%
Gujarat Fluorochemicals Ltd.	51,320	4,665.50	75.6	6.12	8.1%
Fertilisers and Chemicals Travancore Ltd.	48,546	750.25	—	35.30	-3.1%
Navin Fluorine International Ltd.	46,221	9,010.00	50.8	10.36	20.4%
UPL Ltd.	45,199	534.90	23.9	1.30	5.4%
Himadri Speciality Chemical Ltd.	28,669	568.15	33.5	5.58	16.6%
Balaji Amines Limited	5,707	1,761.50	27.6	2.74	9.9%

StoxGud checklist: Bullish setup · 7/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-18.3%

6 months+15.4%

1 year+24.3%

3Y CAGR-5.5%

5Y CAGR-11.8%

10Y CAGR+17.7%

50-day avg₹2,118.13

200-day avg₹1,732.84

RSI (14)21

FAQs

What is the share price of Balaji Amines Limited?

Balaji Amines Limited (BALAMINES) closed at ₹1,761.50 on NSE on 06 Nov 2026.

What is the market cap of Balaji Amines Limited?

₹5,707 crore at the latest close.

What is the P/E ratio of Balaji Amines Limited?

27.6, on trailing-twelve-month earnings from its filings.

How fast is Balaji Amines Limited growing?

Balaji Amines Limited: revenue has compounded at -15.0% a year over three years; net profit at -22.9% a year. Latest-quarter revenue is up 37.3% year on year, profit up 94.6%.

How profitable is Balaji Amines Limited?

On a trailing-twelve-month basis return on equity is 9.9%, return on capital employed 14.9%, operating margin 22.3%, net margin 12.5%.

How much debt does Balaji Amines Limited have?

Balaji Amines Limited is lightly geared: debt to equity is 0.08 with borrowings of ₹161 cr against cash of ₹53 cr (balance sheet of 2026-09-30). Operating profit covers interest 51.8 times.

Financials parsed from Balaji Amines Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '18, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.