Balaji Amines Limited: Update
Update
“Commencement of Commercial Production of DMC”
Balaji Amines Limited today in its BSE filing has said that the company has received the “Environmental Clearance and MPCB – Maharashtra Pollution Control Board” permission in the form of Consent to Operate.
The commercial production of DMC (Di-methyl Carbonate)/PC (Propylene Carbonate) and PG (Propylene Glyco) has commenced at the Company’s newly set up plant in MIDC (Chincholi, Solapur, Mumbai) with effect from 26th September 2022.
With this, the company’s annual capacity will be 15,000 MTPA each for DMC/PC and PG.
Shares of Balaji Amines Ltd closed at INR 3398 (DOWN 4.25%) on the National Stock Exchange (NSE) with a volume of 89,892 shares.
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15 May 2019
Balaji Amines Limited (BAL), one of the leading manufacturers of Aliphatic Amines in India has posted its Q4 FY 2019 numbers today after the market hours.
Sales recorded at INR 919.83 Cr during the Financial Year 2018-19 as compared to INR 861.23 Cr for the previous year, an increase of 10.29% YoY basis. However, the QoQ revenue declined by 8.05 percent (INR 234.78 Cr vs INR 255.33 Cr)
PAT recorded at INR 118.08 Cr for the financial year 2018-19 as against INR 113.18 Cr an increase of 4.33% year-on-year basis.
Dividend: The Board of the company has recommended the payment of annual dividend of INR 2.80/- per equity share i.e. 140% on face value of Rs. 2/- per share
About Balaji Amines
History: Balaji Amines Limited (BAL), was set up in the year 1988 to cater to the growing requirements of value based Specialty Chemicals. BAL commenced manufacture of Methyl Amines in the year 1989 and subsequently added facilities for manufacture of Ethyl Amines and other derivatives of Methyl Amines and Ethyl Amines.
Business: The Company is a leading manufacturer of ethyl and methyl amines which have various applications in chemical industries. Apart from this, Balaji Amines has now diversified into producing derivatives of methyl and ethyl amines, namely, dimethyl amine hydrochloride, choline chloride, dimethyl acetamide, etc.
Manufacturing: BAL`s state-of-the-art manufacturing facility is located at Tamalwadi Village, (Maharashtra State, India) The facility is fully equipped with latest technology like digital computerized controlled systems, which facilitates the control of operations from the control room in addition, BAL possesses an excellent R&D facilities and laboratory, which helps in conducting basic research and also to fine tune the process.
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Stock Price Movement
The stock ended nearly 0.20% or 65 paise lower to INR 294.65 on NSE when the market closed on Wednesday! During the period ended 31st March 2019, the share prices of Balaji Amines has made a low of INR 366 and high of INR 509
Balaji Amines on Technical Charts
balaji amines ltd share price is trading 10.52% lower when compared to its 200 EMA (475) and trading 5.55% lower when compared to 50 EMA (450)
Average Return
The stock has given 13.88% negative returns over the past 6 months and delivered 34.78% negative returns over the last 12 months.
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Balaji Amines current market cap is more than INR 1300 Cr and trading at a PE ratio of 11
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