Balaji Amines Ltd. NSE: BALAMINES | BSE: 530999

Mid-range Performer

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1794.70 -84.00 (-4.47%)

29.61% Fall from 52W High

160.8K

NSE+BSE Volume

NSE 11 Jul, 2025 3:31 PM (IST)

Balaji Amines Ltd. share price target

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Reco - This broker has downgraded this stock from it's previous report.
(eg. - Buy->Hold)

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Reco - This broker has upgraded this stock from it's previous report.
(eg. - Sell->Hold)

Target - Broker has maintained previous recommendation but increased share price target.

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Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report		Discuss
	13 Jul 2025	Balaji Amines	Consensus Share Price Target	1794.70	1971.50	-	9.85	buy	pdf Detailed Estimates
	26 Mar 2024	Balaji Amines	Prabhudas Lilladhar	1794.70		2051.95 (-12.54%)		Not Rated	pdf post cache		Broker Report BALAJI AMINES LTD Prabhudas Lilladhar pdf Copy Link Share on Share on Share on Share on Alert
	20 Mar 2024	Balaji Amines	CD Equisearch Target	1794.70	2653.00	2036.70 (-11.88%)		Buy	pdf post cache		Broker Report Balaji Amines Ltd. CD Equisearch pdf Copy Link Share on Share on Share on Share on Alert
	30 May 2023	Balaji Amines	CD Equisearch Target	1794.70	3364.00	2121.25 (-15.39%)		Buy	pdf post cache		Broker Report Balaji Amines Ltd. CD Equisearch pdf Copy Link Share on Share on Share on Share on Alert
	23 May 2023	Balaji Amines	Edelweiss Target	1794.70	3090.00	2211.10 (-18.83%)		Buy	pdf post cache		Broker Report Balaji Amines \| Q4FY23 Result Update Edelweiss Dismal operating performance pdf Copy Link Share on Share on Share on Share on Alert
	31 Oct 2022	Balaji Amines	Edelweiss Target	1794.70	4250.00	3025.00 (-40.67%)		Buy	pdf post cache		Broker Report Balaji Amines Ltd. \| Q2FY23 Result Update Edelweiss Strong capex led volume surge to drive long-term growth, Maintain BUY pdf Copy Link Share on Share on Share on Share on Alert
	07 Sep 2022	Balaji Amines	CD Equisearch Target	1794.70	4542.00	3618.10 (-50.40%)		Buy	pdf post cache		Broker Report Balaji Amines Ltd CD Equisearch pdf Copy Link Share on Share on Share on Share on Alert
	14 May 2022	Balaji Amines	Edelweiss	1794.70	4150.00	2974.20 (-39.66%)		Buy	pdf post cache		Broker Report Balaji Amines Ltd. \| Q4FY22 Result Update Edelweiss Record quarter led by volume and realisations, Reiterate BUY pdf Copy Link Share on Share on Share on Share on Alert
	29 Mar 2022	Balaji Amines	Edelweiss	1794.70	4150.00	2859.85 (-37.24%)		Buy	pdf post cache		Broker Report Balaji Amines Ltd. Edelweiss Plant Visit Note pdf Copy Link Share on Share on Share on Share on Alert
	28 Feb 2022	Balaji Amines	CD Equisearch Target	1794.70	3916.00	2820.05 (-36.36%)		Buy	pdf post cache		Broker Report Balaji Amines Ltd. CD Equisearch 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... pdf Copy Link Share on Share on Share on Share on Alert
	09 Feb 2022	Balaji Amines	Edelweiss Target	1794.70	4150.00	3120.45 (-42.49%)		Buy	pdf post cache		Broker Report Balaji Amines Ltd \| Q3FY22 Result Update Edelweiss Better utilisation and mix to drive medium term earnings pdf Copy Link Share on Share on Share on Share on Alert
	29 Oct 2021	Balaji Amines	Edelweiss Target	1794.70	4000.00	3459.90 (-48.13%)		Buy	pdf post cache		Broker Report Balaji Amines Ltd - Result Update Q2FY22 Edelweiss Balaji Amines Ltd (BAL) witnessed strong top-line growth across standalone Amines business and subsidiary Balaji Specialty Chemicals (BSC). pdf Copy Link Share on Share on Share on Share on Alert
	28 Jun 2021	Balaji Amines	CD Equisearch Target	1794.70	3613.00	2670.25 (-32.79%)	Target met	Buy	pdf post cache		Broker Report Balaji Amines Ltd CD Equisearch 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... pdf Copy Link Share on Share on Share on Share on Alert
	27 May 2021	Balaji Amines	Edelweiss Target	1794.70	3197.00	2846.55 (-36.95%)	Target met	Buy	pdf post cache		Broker Report Balaji Amines Ltd \| Q4FY21 Result Update Edelweiss Stellar quarter; new capacities to drive growth in FY22 pdf Copy Link Share on Share on Share on Share on Alert
	11 Feb 2021	Balaji Amines	Edelweiss Target	1794.70	1678.00	1639.45 (9.47%)	Target met	Buy	pdf post cache		Broker Report Balaji Amines Ltd \| Q3FY21 Result Update Edelweiss Balaji Amines (BAL) posted record high results in Q3FY21 consolidated revenue grew 72% YoY/39% QoQ to INR392cr (v/s est. 37% growth). pdf Copy Link Share on Share on Share on Share on Alert
	04 Nov 2020	Balaji Amines	Edelweiss Target	1794.70	950.00	843.40 (112.79%)	Target met	Buy	pdf post cache		Broker Report Balaji Amines \| Q2FY21 Result Update Edelweiss 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. pdf Copy Link Share on Share on Share on Share on Alert
	31 Aug 2020	Balaji Amines	CD Equisearch Target	1794.70	1104.00	838.75 (113.97%)	Target met	Buy	pdf post cache		Broker Report Balaji Amines Ltd. CD Equisearch 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,... pdf Copy Link Share on Share on Share on Share on Alert
	16 Aug 2020	Balaji Amines	Edelweiss Target	1794.70	825.00	824.70 (117.62%)	Target met	Buy	pdf post cache		Broker Report Balaji Amines Ltd - Result Update Q1FY21 Edelweiss Balaji Amines' (BAL) margin expanded in Q1FY21 on the back of a favourable product mix and benign raw material environment. pdf Copy Link Share on Share on Share on Share on Alert
	28 Feb 2020	Balaji Amines	CD Equisearch	1794.70	543.00	402.75 (345.61%)	Target met	Buy	pdf post cache		Broker Report Balaji Amines Ltd. CD Equisearch BAL started manufacturing acetonitrile from November with an installed capacity of 9000 tons. The domestic demand for acetonitrile is around 12000 tons annually. BAL is currently manufacturing ~3000 tons of... pdf Copy Link Share on Share on Share on Share on Alert
	06 Feb 2020	Balaji Amines	Edelweiss	1794.70	500.00	411.85 (335.77%)	Target met	Buy	pdf post cache		Broker Report Balaji Amines Ltd - Result Update Q3FY20 Edelweiss Balaji Amines Ltd's (BAL) Q3FY20 results were broadly in-line with our expectations. pdf Copy Link Share on Share on Share on Share on Alert
	20 Jan 2020	Balaji Amines	HDFC Securities Target	1794.70	490.00	470.05 (281.81%)	Target met	Buy	pdf post cache		Broker Report Balaji Amines (Update): All eyes on the subsidiary. Maintain BUY HDFC Securities Given the (1) Uncertainty in the ramp up of BSCPL (2) Muted earnings growth prospect (3) Declining return ratios (ROE: 16.1/15.1/13.5%, RoIC: 22.5/21.7/18.8% in FY20E/21E/22E), we prefer Alkyl Amines over Balaji in the Amines space. Maintain BUY with a TP of Rs 490 (13x Dec-21E EPS). We visited Balaji Amines and its subsidiarys Solapur facility, which was followed by an interaction with Mr. Ram Reddy, the companys Managing Director. pdf Copy Link Share on Share on Share on Share on Alert
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