DINESH

Balaji Amines

Latest CMP 2,134
Today's Change ▲ 1.81%
52-Week High / Low 2,415 | 972
Price Date: 14-Aug-2026
Recommendation Buy
Target Price 3,456
Expected Upside 27.3%
Forecast Horizon 2 Years
Historical CAGR 26.1%
1,000 Invested 17-Aug-2006
Today's Value 103,284
Investment Period 20 Years

Stock Snapshot

Post Results Return
-5.3%
Mild Negative Re-rating
1-Year Target Price
3,470
2-Year Target Price
3,456
52-Week High / Low
2,415 / 972
20-Day Return
-6.2%
Market Cap (Cr.)
6,935
Current PE
39.5
P/BV Ratio
3.2
Dividend Yield
0.6%
Industry PE
41.1

Price Performance

Basis of our Recommendation

Balaji Amines is positioned for growth, driven by strategic capacity expansions and a focus on high-value specialty chemicals. Management's commentary highlights the commissioning of new projects, including Dimethyl Ether (DME) and Acetonitrile (ACN), which are expected to enhance production capacity and revenue. The company's emphasis on high-value products aligns with Vista's forecast of stable revenue growth and improving margins, supported by favorable domestic demand and government incentives for manufacturing. However, Balaji Amines faces challenges from volatile raw material prices and execution risks related to new capacities. The specialty chemicals industry is experiencing structural growth, which bodes well for Balaji Amines, although competitive pressures may limit pricing power. Over the next 12-24 months, key opportunities include the ramp-up of electronic grade DMC production for EV batteries and the expansion of its product portfolio. Conversely, watchpoints include geopolitical tensions affecting input costs and the need for effective scaling of new projects. Overall, Vista's outlook reflects cautious optimism, with a target price indicating limited upside potential in the near term

👍 Why We Like This Stock

  • Strategic capacity expansions in high-value specialty chemicals are expected to drive revenue growth
  • Government incentives for domestic manufacturing enhance cost-effectiveness and market positioning
  • Management projects significant volume growth and margin improvement, aligning with Vista's financial outlook

Things To Watch Out For

  • Volatility in raw material prices poses risks to margins and profitability
  • Execution risks related to the stabilization of new capacities could hinder growth
  • Geopolitical tensions may impact demand and input costs, creating uncertainty

Key Parameters

Balance Sheet Strength
Conservatively Financed
Market Share
Stable
Industry Outlook
Weakening
Analyst View
Strong Buy
Dividend History
Consistent
FII Holdings
Stable

Financial Snapshot

Actuals Forecast
FY24 FY25 FY26 FY27 FY28
Revenue (Cr.) 1,631 1,389 1,425 1,679 1,805
Profit Before Tax (Cr.) 302 213 232 357 359
PBT Margin 18.5% 15.3% 1628.1% 21.3% 19.9%
Net Profit (Cr.) 232 169 184 285 283
Earnings Per Share 63.0 51.7 56.1 86.6 87.0

Analyst Recommendations

Broker Recommendation Target Price Date
BOB Capital Markets ► Hold 1,981 20-May-2026
CD Equisearch ▲ Buy 3,327 10-Jul-2026
Moneycontrol ▲ Overweight nan 20-May-2026
Consensus Recommendation ▲ Strong Buy
Consensus Target 3,327
Coverage 3 Analysts
Analysts' Viewpoint
Balaji Amines is expected to benefit from the commissioning of new projects, enhancing production capacity and revenue. The focus on high-value products like electronic grade DMC and pharma grade PG is likely to drive growth and operating efficiencies. Favorable government incentives in the Indian specialty chemicals industry further support its cost-effectiveness and international presence. However, risks include crude oil and natural gas price volatility impacting raw material costs, and execution challenges with new capacities and EV-related projects.

Company Overview

Show Company Profile

Balaji Amines Limited engages in the manufacture and sale of methylamines, ethylamines, and derivatives of specialty chemicals and pharma excipients in India and internationally. The company operates in two segments, Chemicals and Hotel. It offers monomethylamine, dimethylamine, trimethylamine, monoethylamine, diethylamine, triethylamine, and dimethyl and diethyl amino ethanol; and specialty chemicals, including N-methyl pyrrolidone, morpholine, 2-pyrrolidone, N-ethyl-2-pyrrolidone, gamma-butyrolactone, dimethylformamide, acetonitrile, dimethylcarbonate, propylene glycol, and propylene carbonate. The company also provides derivatives comprising di-methyl acetamide, di-methyl amine hydrochloride, tri-methyl amine hydrochloride, di-ethyl amine hydrochloride, tri-ethyl amine hydrochloride, di-methyl urea, choline chloride, mono-ethyl amine hydrochloride, and benzyl tri ethyl ammonium chloride; and pharma excipients, such as poly vinyl pyrrolidone. It also provides hotels, restaurants, and hospitality services. The company also exports its products to Europe, the United States, and Japan. Balaji Amines Limited was incorporated in 1988 and is headquartered in Hyderabad, India.