|
12 Sep 2026 |
Balaji Amines
|
Consensus Share Price Target
|
2276.50 |
2085.67 |
- |
-8.38 |
hold
|
|
|
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11 Aug 2026
|
Balaji Amines
|
Deven Choksey
|
2276.50
|
1848.00
|
2046.10
(11.26%)
|
18.82 |
Sell
|
|
|
The company reported revenue of INR 4,559 Mn, up 27.2% YoY and 15.5% QoQ, with gross margin at 44.5%. EBITDA stood at INR 1,159 Mn, up ~112% YoY and 23% QoQ, with EBITDA margin improving to 25.4%. The improvement in margins was driven by higher plant utilisation, better fixed-cost absorption and lower overhead costs as a percentage of sales.
|
|
20 May 2026
|
Balaji Amines
|
Deven Choksey
|
2276.50
|
1981.00
|
1833.30
(24.17%)
|
Target met |
Accumulate
|
|
|
We expect the company to grow its Revenue/EBITDA/PAT at a CAGR of 36.11% / 53.03% / 60.02% for the period of FY26-FY28E.
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26 Nov 2025
|
Balaji Amines
|
Deven Choksey
|
2276.50
|
1334.00
|
1171.90
(94.26%)
|
Target met |
Accumulate
|
|
|
We expect operational performance to gradually stabilize as end-market demand normalizes and product offtake improves across key amine and derivative categories.
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|
26 Mar 2024
|
Balaji Amines
|
Prabhudas Lilladhar
|
2276.50
|
|
2051.95
(10.94%)
|
|
Not Rated
|
|
|
|
|
20 Mar 2024
|
Balaji Amines
|
CD Equisearch
|
2276.50
|
2653.00
|
2036.70
(11.77%)
|
|
Buy
|
|
|
|
|
30 May 2023
|
Balaji Amines
|
CD Equisearch
|
2276.50
|
3364.00
|
2121.25
(7.32%)
|
|
Buy
|
|
|
|
|
23 May 2023
|
Balaji Amines
|
Edelweiss
|
2276.50
|
3090.00
|
2211.10
(2.96%)
|
|
Buy
|
|
|
Dismal operating performance
|
|
31 Oct 2022
|
Balaji Amines
|
Edelweiss
|
2276.50
|
4250.00
|
3025.00
(-24.74%)
|
|
Buy
|
|
|
Strong capex led volume surge to drive long-term growth, Maintain BUY
|
|
07 Sep 2022
|
Balaji Amines
|
CD Equisearch
|
2276.50
|
4542.00
|
3618.10
(-37.08%)
|
|
Buy
|
|
|
|
|
14 May 2022
|
Balaji Amines
|
Edelweiss
|
2276.50
|
4150.00
|
2974.20
(-23.46%)
|
|
Buy
|
|
|
Record quarter led by volume and realisations, Reiterate BUY
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|
29 Mar 2022
|
Balaji Amines
|
Edelweiss
|
2276.50
|
4150.00
|
2859.85
(-20.40%)
|
|
Buy
|
|
|
Plant Visit Note
|
|
28 Feb 2022
|
Balaji Amines
|
CD Equisearch
|
2276.50
|
3916.00
|
2820.05
(-19.27%)
|
|
Buy
|
|
|
Despite overall consolidated sales volume witnessing a decline of 13.8% to 27,589 mt in Q3FY22, Balaji Amines' revenue from operations grew by a pleasing 44.1% to Rs. 564.90 crs as against Rs. 392.13 crs in the corresponding period in the prior year. The demand for certain products from pharmaceutical clients remained suppressed on account of...
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|
09 Feb 2022
|
Balaji Amines
|
Edelweiss
|
2276.50
|
4150.00
|
3120.45
(-27.05%)
|
|
Buy
|
|
|
Better utilisation and mix to drive medium term earnings
|
|
29 Oct 2021
|
Balaji Amines
|
Edelweiss
|
2276.50
|
4000.00
|
3459.90
(-34.20%)
|
|
Buy
|
|
|
Balaji Amines Ltd (BAL) witnessed strong top-line growth across standalone Amines business and subsidiary Balaji Specialty Chemicals (BSC).
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|
28 Jun 2021
|
Balaji Amines
|
CD Equisearch
|
2276.50
|
3613.00
|
2670.25
(-14.75%)
|
Target met |
Buy
|
|
|
oxygen and logistical issues. Total Q4 sales volume stood at 24,878 mt, a 12.3% decline on a quarter-on-quarter quarter basis. Of this specialty chemicals...
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|
27 May 2021
|
Balaji Amines
|
Edelweiss
|
2276.50
|
3197.00
|
2846.55
(-20.03%)
|
Target met |
Buy
|
|
|
Stellar quarter; new capacities to drive growth in FY22
|
|
11 Feb 2021
|
Balaji Amines
|
Edelweiss
|
2276.50
|
1678.00
|
1639.45
(38.86%)
|
Target met |
Buy
|
|
|
Balaji Amines (BAL) posted record high results in Q3FY21 consolidated revenue grew 72% YoY/39% QoQ to INR392cr (v/s est. 37% growth).
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|
04 Nov 2020
|
Balaji Amines
|
Edelweiss
|
2276.50
|
950.00
|
843.40
(169.92%)
|
Target met |
Buy
|
|
|
Balaji Amines Ltd's (BAL) Q2FY21 consolidated revenue was at a record INR 282 crore, up 24% YoY/27% QoQ, and was 13% ahead of our estimates.
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|
31 Aug 2020
|
Balaji Amines
|
CD Equisearch
|
2276.50
|
1104.00
|
838.75
(171.42%)
|
Target met |
Buy
|
|
|
Sub optimal capacity utilization in April and May operating at 70% and 80% respectively, due to Covid hampered volumes in the first quarter this fiscal which plummeted almost 18% sequentially on an absolute basis,...
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|
16 Aug 2020
|
Balaji Amines
|
Edelweiss
|
2276.50
|
825.00
|
824.70
(176.04%)
|
Target met |
Buy
|
|
|
Balaji Amines' (BAL) margin expanded in Q1FY21 on the back of a favourable product mix and benign raw material environment.
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