Balaji Amines Ltd. News and Updates

Name: Latest research reports of Balaji Amines Ltd. authored by Edelweiss and published by - Trendlyne research reports.
Item: Balaji Amines Ltd.
Rating: 5
Author: Edelweiss

Keep track of all breaking news on Balaji Amines Ltd. from all sources in a single place.

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Balaji Amines Ltd.

11 Jun 2019

1395.00

-1.16%

Company news: Balaji Amines

Business Line

Balaji Amines on Tuesday informed the exchanges that Balaji Speciality Chemicals Private Limited, its subsidiary, has received consent to operate from

Number of MF schemes decreased from 11 to 5 in Jun 2025 qtr

Balaji Amines Ltd.

21 May 2019

1395.00

-1.16%

Balaji Amines Ltd - Result Update Q4FY19

Buy: Balaji Amines Ltd.

Target

Edelweiss

Balaji Amines Ltd's (BAL) Q4FY19 results were mostly in-line with our estimates. Revenue for the quarter came in at INR 235 crore, which was 9% lower on an y-o-y basis and ~7% below our estimates.

Balaji Amines Ltd. has lost -38.94% in the last 1 Year

Balaji Amines Ltd.

04 Feb 2019

1395.00

-1.16%

Balaji Amines Ltd - Result Update Q3FY19

Buy: Balaji Amines Ltd.

Target

Edelweiss

Balaji Amines (BAL) posted lower than expected profitability this quarter primarily owing to significant rise and volatility in prices of its key raw material, methanol.

Balaji Amines Ltd. has lost -22.02% in the last 3 Months

Balaji Amines Ltd.

29 Jan 2019, 10:35PM

1395.00

-1.16%

Balaji Amines (3QFY19): Growth levers intact. Maintain BUY

Buy: Balaji Amines Ltd.

Target

HDFC Securities

We maintain our Buy rating on Balaji Amines and value BLA at 17.0x Dec 21 EPS with a target price of Rs 793/share. Balaji Amines (BLA) reported its 3QFY19 performance below our estimates. Sales grew by 9.5% YoY to Rs 2.34bn while EBITDA/APAT declined by 15.8% and 4.4% YoY. Higher input costs (esp Methanol) up almost ~60% YoY dented margins.

Balaji Amines Ltd. is trading below all available SMAs

Balaji Amines Ltd.

21 Nov 2018

1395.00

-1.16%

Balaji Amines Ltd. | Q2FY19 Result Update

Buy: Balaji Amines Ltd.

Edelweiss

Balaji Amines (BAL) delivered slowdown in Q2FY19 primarily owing to ~20% rise in prices of its key raw materials, ammonia and methanol.

Balaji Amines Ltd. has lost -38.94% in the last 1 Year

Balaji Amines Ltd.

03 Nov 2018

1395.00

-1.16%

Balaji Amines (2QFY19): Growth levers intact. Maintain BUY

Buy: Balaji Amines Ltd.

Target

HDFC Securities

We maintain our Buy rating on Balaji Amines and value BLA at 17.0x Sep 21 EPS with a revised target price of Rs 763/share. Balaji Amines (BLA) reported a muted 2QFY19 performance on account of higher input costs (Methanol prices up ~40% YoY) and aberrations in operations due to regional political movements and strikes at ports. Sales grew by 7.6% YoY to Rs 2.16bn while EBITDA/APAT declined by 13.1% and 6.0% YoY.

Balaji Amines Ltd. is trading below all available SMAs

Balaji Amines Ltd.

31 Aug 2018, 12:00AM

1395.00

-1.16%

Balaji Amines Ltd | Q1FY19 Result Update

Buy: Balaji Amines Ltd.

Target

Edelweiss

Balaji Amines (BAL) delivered 30% topline growth led by a 19% volume and 9% pricing growth.

Number of MF schemes decreased from 11 to 5 in Jun 2025 qtr

Balaji Amines Ltd.

23 Jul 2018

1395.00

-1.16%

Balaji Amines (1QFY19): Growth levers intact! Maintain BUY

Buy: Balaji Amines Ltd.

Target

HDFC Securities

We maintain our Buy rating on Balaji Amines and value BLA at 17.0xJune'21 EPS with a revised target price of Rs 748/share. Balaji Amines (BLA IN) has been able to sustain its earnings momentum after a stellar FY18 performance. Sales/EBITDA/PAT grew by 30.0/44.6/48.6% YoY to Rs 2.6bn/Rs 587mn/Rs 338mn respectively. BLA has relentlessly worked upon growing its volumes on the back of de-bottlenecking exercises, import substitution opportunities and anti-dumping duties in place.

Balaji Amines Ltd. has lost -22.02% in the last 3 Months

Balaji Amines Ltd.

16 May 2018

1395.00

-1.16%

Balaji Amines (4QFY18): Strong quarter and an even stronger FY19E! Maintain BUY

Buy: Balaji Amines Ltd.

HDFC Securities

We maintain Buy on Balaji Amines and value BLA at 17.0x FY20E EPS with a target price of Rs 725/share. Balaji Amines (BLA) reported a strong 4QFY18 with Sales/EBITDA/PAT growing by 33.0%/23.3%/93.4% YoY to Rs 2.56 bn/ Rs 469 mn/ Rs 332 mn respectively. Sales growth of 33.0%, was driven by 10.0% volume growth