āagman

Not investment advice. Data and computed figures, for information only.

Balaji Amines Ltd

NSE: BALAMINES
₹2,043.40
−₹35.20 (−1.69%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹6,612 Cr
CMP
₹2,043.40
52-wk High / Low
₹2,630 / 968
P/E
32.4
P/B
3.4
Book Value
₹610.0
Div Yield
0.54%
ROCE
11.0%
ROE
8.7%
Face Value
₹2
D/E
0.07

Price+49.3% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹842
√(22.5 × EPS × book value per share)
ROIC
7.2%
vs 7.5% sector median
Cash flow to profit
1.09
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+1,008
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
7.2%
ROE × earnings retention ratio
ROE stability
10.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.03FII +0.18DII +0.12
Latest quarter vs the previous one
Cash-accrual divergence
−0.6%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.2x)
+Promoter holding rose by 0.9pp over the last year
+PE of 32.4x is below the sector median of 36.2x
Watch-outs
−Latest ROCE of 11% trails the sector median of 12%
−Annualised volatility of 57.3% is in the high band (≥45%)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales464381383414385347313353358341331395456
Expenses366327309316319286267293304281275301340
Operating Profit985474986661466055605794116
OPM %21.1%14.2%19.3%23.7%17.1%17.6%14.7%17.0%15.4%17.6%17.2%23.8%25.4%
Other Income6789898897586
Interest2221111111221
Depreciation11111112121212131414141414
Profit before tax904870936257415449524686106
Net Profit68365672464131403737316578
EPS (₹)16.2710.7115.2421.0013.3612.6510.2412.3611.7310.679.7019.5123.13

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6166406688589409351,3082,3142,3461,6311,3891,4191,523
Expenses5155145196767477549351,6911,7361,3081,1571,1541,196
Operating Profit102127149182193181373623609324232265327
OPM %16.6%19.8%22.3%21.2%20.5%19.4%28.5%26.9%26.0%19.9%16.7%18.7%21.5%
Other Income43912456151530332925
Interest352213913231817126456
Depreciation20192019203234424645485656
Profit before tax5188126166165131327578567302213232290
Net Profit33588211311797243418406232159169211
EPS (₹)10.2517.7825.4234.9336.2732.3473.51113.71100.4763.2248.6251.6063.01

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital666666666666—
Reserves2212743564615686528881,2431,5481,7151,8391,970—
Borrowings256173105152227260127101582011133—
Other Liabilities139152168229244195289395351405396633—
Total Liabilities6236056358481,0461,1131,3101,7451,9632,1462,2522,743—
Fixed Assets3413413253163205735436817808961,0031,043—
CWIP3162512326946173141113205238512—
Investments00000480073000—
Other Assets2782482844094574465949239961,0461,0111,188—
Total Assets6236056358481,0461,1131,3101,7451,9632,1462,2522,743—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity56856014094144110220354334255184
Cash from Investing Activity−4−29−10−135−119−130−62−147−210−274−139−344
Cash from Financing Activity−55−54−551621−26−37−57−81−75−4985
Net Cash Flow−32−521−4−12111663−1568−75

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %18.023.030.032.024.018.035.049.036.017.011.011.0
ROE %———————————8.7
EPS (₹)10.2517.7825.4234.9336.2732.3473.51113.71100.4763.2248.6251.60
Book Value (₹)———————————610.0
Face Value (₹)———————————2
P/E———————————32.4
Div Yield %———————————0.54
NPM %5.39.012.113.012.410.318.517.917.214.011.211.7
OPM %17.020.022.021.021.019.029.027.026.020.017.019.0
D/E1.130.620.290.330.400.400.140.080.040.010.010.07
P/B———————————3.4

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+8.0%
5 years+2.0%
3 years−15.0%
TTM+11.0%
Compounded profit growth
10 years+11.0%
5 years−7.0%
3 years−20.0%
TTM+34.0%
Stock price CAGR
10 years+21.0%
5 years−15.0%
3 years−3.0%
Last year+49.0%
Return on equity
10 years18.0%
5 years16.0%
3 years10.0%
Last year9.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters54.42%54.42%54.46%54.55%53.38%53.67%53.70%53.70%53.71%53.71%54.62%54.59%54.56%
FIIs0.26%0.26%3.21%1.30%1.45%1.75%2.18%3.99%4.45%4.92%5.09%2.99%3.17%
DIIs0.09%0.09%1.01%1.90%1.04%0.25%0.45%0.16%0.34%1.48%1.48%1.46%1.58%
Government—————————————
Public45.23%45.23%41.32%42.25%44.13%44.33%43.67%42.15%41.50%39.91%38.83%40.96%40.69%
No. of shareholders6,6656,6658,33613,13715,37716,36633,1271,21,0441,36,6441,38,0171,27,4421,15,7541,11,615
Change since Jun 2023 (pp)
Promoters +0.14FIIs +2.91DIIs +1.49Public −4.54

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Disclosure Under Regulation 30(2) Read With Regulation 30(6) Of, And Sub-Para 20 Of Para A Of Part A Of Schedule III Of The SEBI (LODR) Regulations, 2015Disclosure Under Regulation 30(2) Read With Regulation 30(6) Of, And Sub-Para 20 Of Para A Of Part A Of Schedule III Of The SEBI (LODR) Regulations, 2015Disclosure Under Regulation 30(2) Read With Regulation 30(6) Of, And Sub-Para 20 Of Para A Of Part A Of Schedule III Of The SEBI (LODR) Regulations, 2015Announcement under Regulation 30 (LODR)-Change in Management
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026PPTMay 2026TranscriptMay 2026PPTMay 2026RecordingJan 2026PPTNov 2025TranscriptNov 2025PPTAug 2025PPT

Corporate actions

As of 3 Jul 2026
3 Jul 2026DIVIDENDDividend - Rs 11 Per Share—
1 Aug 2025DIVIDENDDividend - Rs 11 Per Share—
4 Jul 2024DIVIDENDAnnual General Meeting/Dividend - Rs 11 Per Share—
3 Jul 2023DIVIDENDAnnual General Meeting/Dividend - Rs 10 Per Share—
21 Jun 2022DIVIDENDAnnual General Meeting/Dividend - Rs 6 Per Share—
29 Jul 2021DIVIDEND Annual General Meeting/Dividend - Rs 4 Per Share—
30 Jul 2020DIVIDEND Annual General Meeting/Dividend - Rs 0.60 Per Share—
17 Mar 2020DIVIDEND Interim Dividend - Rs 2.60 Per Share—
17 Jul 2019DIVIDEND Annual General Meeting/ Dividend - Rs 2.80 Per Share—
20 Aug 2018DIVIDEND Annual General Meeting/Dividend- Rs 2.60 Per Share—
20 Jul 2017DIVIDEND Annual General Meeting/Dividend - Rs 2.20 Per Share —
21 Jul 2016DIVIDEND Annual General Meeting And Dividend Rs.2/- Per Share—
15 Sep 2015DIVIDEND Annual General Meeting/ Dividend - Rs 1.20/- Per Share—
22 Sep 2014DIVIDENDAnnual General Meeting/Dividend Re.1/- Per Share—
23 Sep 2013DIVIDENDAnnual General Meeting/Dividend Re 0.80/- Per Share + Special Dividend Re 0.50/- Per Share—
19 Jul 2012DIVIDENDAnnual General Meeting And Dividend - Rs.0.80 Per Share—
14 Jul 2011DIVIDENDAnnual General Meeting And Dividend Re.0.60 Per Share—
18 Nov 2010SPLITFace Value Split From Rs.10/- To Rs.2/-10 : 2
30 Aug 2010DIVIDENDAnnual General Meeting And Dividend Rs.2.50 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman