Balaji Amines Limited

NSE: BALAMINES · Specialty Chemicals · sector

₹1,815.40NSE close 2026-10-26

Key numbers

Market cap₹5,882 cr

Price₹1,815.40

52w high / low₹2,630 / ₹968

P/E28.7xSector median 22.6x

P/B3.0xSector median 2.6x

Book value₹610.0

Dividend yield0.61%Sector median 0.60%

ROE10.7%Sector median 10.6%

ROCE14.0%Sector median 12.9%

OPM21.4%Sector median 12.1%

Debt / equity0.07xSector median 0.18x

EV/EBITDA17.6xSector median 15.1x

Interest cover48.9x

Current ratio2.34x

Sales growth 3y-15.4%Sector median +5.0%

Profit growth 3y-19.6%Sector median +0.9%

PEG–

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 107 companies in Specialty Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹271 cr vs borrowings ₹133 cr (FY26): cash is higher (net cash).
Operating profit covered interest 48.9x in the last 12 months.
17.68% of the promoters' shares are pledged (9.6% of all shares).
Operating cash flow was below net profit in 1 of the last 5 years (FY22).
Revenue was higher than a year earlier in 3 of the last 4 quarters.
Other income was 12% of net profit in the last 12 months.
Debtor days went from 71 (FY24) to 89 (FY26).
Dividend paid in 5 of the last 5 financial years.
Price ₹1,815.40 on 2026-10-26: -31.0% from the 52-week high, +87.5% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹2,437.20 · low ₹1,002.80

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	347	313	353	358	341	331	395	456
EBITDA	61	46	60	55	60	57	94	116
OPM %	17.5%	14.6%	16.9%	15.3%	17.6%	17.1%	23.9%	25.4%
Other income	9	8	8	9	7	5	8	6
Net profit	41	33	40	38	35	31	65	75
EPS (₹)	12.65	10.24	12.36	11.73	10.67	9.49	19.99	23.13
Revenue YoY					-1.8%	+5.9%	+11.9%	+27.2%
Profit YoY					-15.7%	-7.3%	+60.1%	+97.2%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	2,320	2,355	1,642	1,397	1,425	1,523
EBITDA	630	609	324	232	265	327
Net profit	368	326	200	158	169	205
EPS (₹)	113.71	100.47	63.22	48.62	51.60	63.28
Revenue growth		+1.5%	-30.3%	-14.9%	+2.0%	+11.1%
Profit growth		-11.6%	-38.6%	-21.1%	+7.1%	+34.3%
Dividend / share (₹)	4.00	6.00	10.00	11.00	11.00

Compounded growth	3 years	5 years	Last 12 months
Sales	-15.4%	+1.7%	+11.1%
Net profit	-19.6%	-6.6%	+34.3%
EPS	-19.9%	-6.8%	–
Share price	–	-5.2% (2y)	+37.2%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	1,554	1,722	1,845	1,976
Borrowings	–	58	20	11	133
Cash & equivalents	–	309	340	354	271
Total assets	–	1,963	2,146	2,252	2,743
Fixed assets	–	775	891	998	1,035
Capital work in progress	–	113	203	234	512
Investments	–	0	0	0	0
Receivables	–	378	319	275	346
Inventory	–	303	287	274	247
Payables	–	62	78	69	85

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	232	382	220	255	184
Cash from investing	-134	-186	-160	-139	-344
Cash from financing	-66	-81	-75	-49	85
Capex	148	120	255	187	370
Free cash flow	84	262	-35	69	-186

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	20.9%	11.6%	8.6%	8.6%
ROCE %	–	35.9%	17.7%	11.7%	11.3%
Debtor days	–	59	71	72	89
Inventory days	–	89	116	128	113
Payable days	–	18	31	32	39
Cash conversion cycle (days)	–	130	156	168	163
Working capital days	–	137	189	212	138

Shareholding

Holder	% (2026-09-30)
Promoters	54.56%
FIIs	3.25%
DIIs	1.50%
of which Mutual funds	0.11%
of which Insurance	1.30%
Government	0.00%
Public (non-institutions)	40.70%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	53.70%	54.62%	54.59%	54.59%	54.59%	54.59%	54.56%	54.56%

Promoter group	%
Ande Prathap Reddy	15.34%
APR Holdings and Investments LLP	14.74%
Ande Srinivas Reddy	11.29%
G. Hemanth Reddy	2.52%
N Rajeshwar Reddy	1.84%
Gaddam Madhumathi	1.77%
Nomula Sarita	1.53%
D RAM Reddy	1.47%
Achanta Annapurna	0.97%
Deepti Rajeshwarreddy Nomula	0.94%
Vandana RAM Reddy Dundurapu	0.71%
A Meena Devi	0.44%
Nomula Eeshan Reddy	0.36%
Tanmai Reddy Gaddam	0.33%
SMT Gaddam Sushila Raja Reddy Foundation	0.24%

Public holders above 1%	%
Vijaya Nalla	2.13%
Veera Reddy Yannam Srinivas Reddy Yannam	2.12%
Vineel Reddy Nalla	2.12%
Kishan Reddy Nalla	2.10%
Vinitha Nalla	1.91%
Manohar Devabhaktuni	1.85%
Vijayalaxmi Yannam Veera Reddy Yannam Srinivas Reddy Yannam	1.25%

1,08,040 shareholders. Pledged: 17.68% of promoter shares.

Peers in Specialty Chemicals

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
PIDILITIND	₹1,50,431 cr	56.8x	13.9x	25.7%	33.4%	24.5%	+7.4%	1.01%
FLUOROCHEM	₹46,168 cr	75.4x	5.9x	8.1%	10.0%	25.6%	-4.2%	0.07%
NAVINFLUOR	₹39,306 cr	49.7x	9.9x	23.9%	22.2%	33.7%	+16.8%	0.18%
DEEPAKNTR	₹19,676 cr	25.1x	3.4x	14.0%	15.3%	15.4%	-0.4%	0.52%
AETHER	₹19,529 cr	82.8x	8.0x	10.1%	11.4%	30.9%	+21.2%	–
ATUL	₹15,762 cr	19.8x	2.5x	11.9%	16.9%	17.9%	+7.9%	0.47%
AARTIIND	₹15,539 cr	29.3x	2.6x	9.2%	8.0%	14.9%	+7.8%	0.24%
FINEORG	₹15,328 cr	35.0x	5.8x	17.7%	21.3%	21.7%	-7.8%	0.22%
BASF	₹13,174 cr	20.5x	3.3x	16.9%	22.0%	5.9%	+3.1%	0.66%
BALAMINES	₹5,882 cr	28.7x	3.0x	10.7%	14.0%	21.4%	-15.4%	0.61%

All 107 companies in Specialty Chemicals →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
Amines & Speciality Chemicals	₹1,416 cr	97.1%	₹225 cr	15.9%
Hotel Division	₹36 cr	2.4%	₹9 cr	26.3%
Unallocated	₹6 cr	0.4%	₹3 cr	55.1%

Dividends & corporate actions

Ex-date	Action	Detail
2026-07-03	Dividend	Dividend - Rs 11 Per Share
2025-08-01	Dividend	Dividend - Rs 11 Per Share
2024-07-04	Dividend	Annual General Meeting/Dividend - Rs 11 Per Share
2023-07-03	Dividend	Annual General Meeting/Dividend - Rs 10 Per Share
2022-06-21	Dividend	Annual General Meeting/Dividend - Rs 6 Per Share
2021-07-29	Dividend	Annual General Meeting/Dividend - Rs 4 Per Share
2020-07-30	Dividend	Annual General Meeting/Dividend - Rs 0.60 Per Share
2020-03-17	Dividend	Interim Dividend - Rs 2.60 Per Share
2019-07-17	Dividend	Annual General Meeting/ Dividend - Rs 2.80 Per Share
2018-08-20	Dividend	Annual General Meeting/Dividend- Rs 2.60 Per Share
2017-07-20	Dividend	Annual General Meeting/Dividend - Rs 2.20 Per Share
2016-07-21	Dividend	Annual General Meeting And Dividend Rs.2/- Per Share
2015-09-15	Dividend	Annual General Meeting/ Dividend - Rs 1.20/- Per Share
2014-09-22	Dividend	Annual General Meeting/Dividend Re.1/- Per Share
2013-09-23	Dividend	Annual General Meeting/Dividend Re 0.80/- Per Share + Special Dividend Re 0.50/- Per Share
2012-07-19	Dividend	Annual General Meeting And Dividend - Rs.0.80 Per Share
2011-07-14	Dividend	Annual General Meeting And Dividend Re.0.60 Per Share
2010-11-18	Split	Face Value Split From Rs.10/- To Rs.2/-
2010-08-30	Dividend	Annual General Meeting And Dividend Rs.2.50 Per Share
2009-08-17	Dividend	Agm/Dividend - 20%

Documents

Links go to the original files on the exchange website.

About the company

Manufacturer: Our company is engaged in the activity of manufacture and sale of Aliphatic Amines, Speciality Chemicals and its Derivatives.
Service Sector: Hotels, Restaurants and Hospitality Services -Hotels Star rated


Sector	Commodities
Industry	Specialty Chemicals
Sub-industry	Specialty Chemicals
Symbol	BALAMINES
BSE code	530999
ISIN	INE050E01027
Face value	₹2.0
Incorporated	1988-10-27
Website	www.balajiamines.com
Plants (India / abroad)	6 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.