India's Most Valuable Companies 2022 edition · Source: Hurun India
Rank#338- Valuation
- ₹9,801 Cr
2021 #276
Market Cap
₹6,031 Cr
BALAMINES · NSE
Share Price
₹1,858.80
-0.13% today
Revenue
₹1,425 Cr
FY 2025-26 · +2.0% YoY
EBITDA
₹265 Cr
Margin 18.6%
Net Profit
₹167 Cr
FY 2025-26 · +6.1% YoY
P/E (TTM)
28.8x
P/B 3.0x
ROE
8.8%
ROCE 11.9%
Debt / Equity
0.04
Interest cover 2.6x
About Balaji Amines Limited
Data last updated:
Balaji Amines Limited is a public limited company based in Solapur, Maharashtra, India. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 27 October 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN L24132MH1988PLC049387. Its GSTIN is 27AABCB1049E1Z5 (Maharashtra). The company holds 4 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 530999 and NSE: BALAMINES.
The company has an authorised share capital of ₹45.5 Cr and a paid-up capital of ₹6.48 Cr. It is led by directors including Ram Reddy Dundurapu (Managing Director) and Ande Srinivas Reddy (Whole-Time Director).
Its last annual general meeting (AGM) was held on 08 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Balaji Towers' No. 9/1A/1 Hotgi Road Aasara Chowk, Solapur, Maharashtra, India – 413224.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,424.98 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹167.03 Cr (net margin 11.7%) and EBITDA of ₹265.44 Cr (EBITDA margin 18.6%). The net worth stands at ₹1,976.46 Cr (up 7.1% YoY). Total assets are valued at ₹2,294.78 Cr (up 12.9% YoY).
The company has about 1,098 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Balaji Speciality Chemicals and Balaji Amines. As per MCA filings, the company has open charges of ₹295 Cr and satisfied charges of ₹530.09 Cr on record. Court records list 93 cases involving the company, including 62 filed by the company and 31 filed against it; 25 cases are pending. The company has 20 deals on record (20 market trades); the latest was in January 2026. Its 10 peer companies in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 5 larger and 5 smaller; the largest is Kanoria Chemicals & Industries Ltd with revenue of ₹1,545.92 Cr. The company has 6 MSME Form 1 returns on record between 2019 and 2020, listing 1,428 overdue payments to 71 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website balajiamines.com.
Company details
CIN L24132MH1988PLC049387
Registration Number 049387
Incorporation Date 27 October 1988
ROC Pune
Listing Status Listed - Listed on NSE (BALAMINES); Listed on BSE (530999)
Company Status Active
Date of Last AGM 08 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Key People
Ram Reddy Dundurapu Managing Director Ande Srinivas Reddy Whole-Time Director Pratap Reddy Ande Whole-Time Director Recognitions & Rankings of Balaji Amines
Contact details
Balaji Amines Limited's registered office is in Solapur, Maharashtra. Its website is balajiamines.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBalaji Towers' No. 9/1A/1 Hotgi Road Aasara Chowk, Solapur, Maharashtra, India – 413224
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Balaji Amines Limited, buy the company report.
Comprehensive company report
Balaji Amines Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Balaji Amines operates two associated brands: Balaji Speciality Chemicals and Balaji Amines. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures speciality chemicals for agrochemicals, pharmaceuticals, and other industries in India. | balajispecialitychemicals.com | |
| Diversified chemicals including methylamines and pharma excipients are manufactured. | balajiamines.com |
Business activity
The main business activities of Balaji Amines are manufacturing and accommodation and food service. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | |
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. |
To see the full business activity and turnover split of Balaji Amines Limited, buy the company report.
Financials of Balaji Amines Limited
FY 2025-26 filings availableBalaji Amines Limited reported revenue of ₹1,424.98 Cr (up 2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹1,425 Cr
+2.0% YoY
EBITDA
₹265 Cr
+14.3% YoY
Profit After Tax
₹167 Cr
+6.1% YoY
Net Worth
₹1,976 Cr
+7.1% YoY
Total Assets
₹2,295 Cr
+12.9% YoY
Total Debt
₹133 Cr
+1108.3% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,425 | 1,397 | 1,642 | 2,355 | 2,323 | 1,311 | 936 |
| Revenue growth | +2.0% | -14.9% | -30.3% | +1.4% | +77.1% | +40.2% | - |
| EBITDA | 265 | 232 | 324 | 609 | 623 | 373 | 181 |
| EBITDA margin | +18.6% | +16.6% | +19.7% | +25.9% | +26.8% | +28.5% | +19.3% |
| Profit before tax | 232 | 213 | 302 | 567 | 578 | 327 | 131 |
| Net profit | 167 | 157 | 204 | 324 | 368 | 237 | 105 |
| Net profit margin | +11.7% | +11.3% | +12.5% | +13.7% | +15.9% | +18.1% | +11.2% |
| EPS (₹) | 51.60 | 48.62 | 63.22 | 100.47 | 113.71 | 73.51 | 32.34 |
| Balance sheet | |||||||
| Total assets | 2,295 | 2,033 | 1,919 | 1,760 | 1,420 | 1,058 | 945 |
| Net worth | 1,976 | 1,845 | 1,722 | 1,554 | 1,250 | 894 | 658 |
| Total debt | 133 | 11.03 | 19.70 | 57.57 | 101 | 127 | 260 |
| Cash & bank | 271 | 354 | 340 | 236 | 51.56 | 19.64 | 8.81 |
| Net working capital | 607 | 820 | 857 | 838 | 649 | 372 | 288 |
| Cash flow | |||||||
| Cash from operations | 184 | 255 | 334 | 354 | 220 | 110 | 144 |
| Cash from investing | (344) | (139) | (274) | (210) | (147) | (61.59) | (130) |
| Cash from financing | 84.57 | (48.52) | (74.97) | (81.23) | (56.51) | (37.45) | (25.67) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 456 | 395 | 331 | 341 | 358 | 353 | 313 | 347 |
| Revenue growth (YoY) | +27.2% | +11.9% | +5.9% | -1.8% | -6.9% | - | - | - |
| Other income | 5.52 | 7.74 | 4.99 | 7.05 | 9.02 | 8.03 | 7.86 | 9.19 |
| EBITDA | 116 | 94.25 | 56.67 | 59.81 | 54.69 | 59.67 | 45.71 | 60.68 |
| EBITDA margin | +25.4% | +23.9% | +17.1% | +17.6% | +15.3% | +16.9% | +14.6% | +17.5% |
| Depreciation | 13.78 | 13.95 | 14.17 | 14.28 | 13.97 | 12.90 | 11.88 | 12.00 |
| Interest | 1.41 | 2.18 | 1.51 | 0.96 | 0.73 | 0.86 | 0.80 | 1.06 |
| Profit before tax | 106 | 85.86 | 45.98 | 51.62 | 49.01 | 53.94 | 40.89 | 56.81 |
| Tax | 28.09 | 21.09 | 15.23 | 14.53 | 12.49 | 13.49 | 9.75 | 15.36 |
| Net profit | 78.12 | 64.77 | 30.75 | 37.09 | 36.52 | 40.45 | 31.14 | 41.45 |
| EPS (₹) | 23.13 | 19.99 | 9.49 | 10.67 | 11.73 | 12.36 | 10.24 | 12.65 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,292 | 1,274 | 1,338 | 1,726 | 1,921 | 1,228 | 919 |
| Revenue growth | +1.4% | -4.8% | -22.5% | -10.1% | +56.4% | +33.6% | - |
| EBITDA | 247 | 226 | 247 | 330 | 441 | 327 | 180 |
| EBITDA margin | +19.1% | +17.8% | +18.4% | +19.1% | +23.0% | +26.6% | +19.6% |
| Profit before tax | 227 | 209 | 232 | 305 | 423 | 310 | 154 |
| Net profit | 165 | 156 | 171 | 226 | 308 | 231 | 114 |
| Net profit margin | +12.8% | +12.3% | +12.8% | +13.1% | +16.0% | +18.8% | +12.4% |
| EPS (₹) | 51.09 | 48.21 | 52.87 | 70.23 | 95.04 | 71.51 | 35.11 |
| Balance sheet | |||||||
| Total assets | 1,795 | 1,659 | 1,540 | 1,404 | 1,195 | 1,043 | 934 |
| Net worth | 1,785 | 1,655 | 1,534 | 1,400 | 1,192 | 897 | 668 |
| Total debt | 0.37 | 0.42 | 0.00 | 0.00 | 0.00 | 0.00 | 102 |
| Cash & bank | 271 | 243 | 206 | 161 | 48.12 | 17.66 | 7.26 |
| Net working capital | 667 | 648 | 635 | 623 | 466 | 286 | 225 |
| Cash flow | |||||||
| Cash from operations | 200 | 224 | 217 | 187 | 176 | 93.92 | 148 |
| Cash from investing | (129) | (179) | (190) | (155) | (142) | (86.55) | (130) |
| Cash from financing | (35.74) | (37.52) | (34.58) | (22.17) | (20.00) | 3.02 | (30.84) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 423 | 362 | 301 | 309 | 319 | 322 | 299 | 320 |
| Revenue growth (YoY) | +32.4% | +12.5% | +0.7% | -3.4% | -4.0% | - | - | - |
| Other income | 6.17 | 8.40 | 5.37 | 6.98 | 7.27 | 5.82 | 5.45 | 6.30 |
| Total expenses | 319 | 276 | 246 | 259 | 263 | 264 | 248 | 262 |
| EBITDA | 103 | 86.08 | 54.70 | 50.01 | 56.47 | 58.05 | 51.66 | 57.83 |
| EBITDA margin | +24.5% | +23.8% | +18.2% | +16.2% | +17.7% | +18.1% | +17.3% | +18.1% |
| Depreciation | 11.54 | 11.41 | 11.61 | 11.52 | 11.06 | 10.36 | 9.85 | 9.09 |
| Interest | 0.27 | 1.04 | 0.47 | 0.43 | 0.34 | 0.47 | 0.41 | 0.56 |
| Profit before tax | 97.82 | 82.03 | 47.99 | 45.04 | 52.34 | 53.04 | 46.85 | 54.48 |
| Tax | 25.67 | 20.17 | 15.58 | 13.59 | 12.54 | 13.43 | 11.15 | 14.08 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 28 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 456 | 395 | 331 | 341 | 358 | 353 | 313 | 347 |
| Revenue growth (YoY) | +27.2% | +11.9% | +5.9% | -1.8% | -6.9% | - | - | - |
| Other income | 5.52 | 7.74 | 4.99 | 7.05 | 9.02 | 8.03 | 7.86 | 9.19 |
| EBITDA | 116 | 94.25 | 56.67 | 59.81 | 54.69 | 59.67 | 45.71 | 60.68 |
| EBITDA margin | +25.4% | +23.9% | +17.1% | +17.6% | +15.3% | +16.9% | +14.6% | +17.5% |
| Depreciation | 13.78 | 13.95 | 14.17 | 14.28 | 13.97 | 12.90 | 11.88 | 12.00 |
| Interest | 1.41 | 2.18 | 1.51 | 0.96 | 0.73 | 0.86 | 0.80 | 1.06 |
| Profit before tax | 106 | 85.86 | 45.98 | 51.62 | 49.01 | 53.94 | 40.89 | 56.81 |
| Tax | 28.09 | 21.09 | 15.23 | 14.53 | 12.49 | 13.49 | 9.75 | 15.36 |
| Net profit | 78.12 | 64.77 | 30.75 | 37.09 | 36.52 | 40.45 | 31.14 | 41.45 |
| EPS (₹) | 23.13 | 19.99 | 9.49 | 10.67 | 11.73 | 12.36 | 10.24 | 12.65 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,425 | 1,397 | 1,642 | 2,355 | 2,323 | 1,311 | 936 |
| Revenue growth | +2.0% | -14.9% | -30.3% | +1.4% | +77.1% | +40.2% | - |
| Other income | 28.81 | 33.20 | 29.64 | 15.25 | 14.72 | 6.07 | 5.01 |
| Total expenses | 1,160 | 1,165 | 1,318 | 1,746 | 1,700 | 938 | 755 |
| Employee cost | 84.11 | 79.86 | 82.27 | 85.21 | 96.64 | 33.56 | 34.07 |
| EBITDA | 265 | 232 | 324 | 609 | 623 | 373 | 181 |
| EBITDA margin | +18.6% | +16.6% | +19.7% | +25.9% | +26.8% | +28.5% | +19.3% |
| Depreciation | 56.38 | 48.44 | 45.37 | 45.57 | 42.00 | 34.41 | 31.62 |
| Interest | 5.37 | 3.70 | 6.44 | 11.97 | 17.10 | 18.29 | 23.03 |
| Profit before tax | 232 | 213 | 302 | 567 | 578 | 327 | 131 |
| Tax | 63.33 | 54.63 | 69.25 | 161 | 160 | 83.10 | 33.63 |
| Net profit | 167 | 157 | 204 | 324 | 368 | 237 | 105 |
| Net profit margin | +11.7% | +11.3% | +12.5% | +13.7% | +15.9% | +18.1% | +11.2% |
| EPS (₹) | 51.60 | 48.62 | 63.22 | 100.47 | 113.71 | 73.51 | 32.34 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 6.48 | 6.48 | 6.48 | 6.48 | 6.48 | 6.48 | 6.48 |
| Reserves & surplus | 1,970 | 1,839 | 1,715 | 1,548 | 1,243 | 888 | 652 |
| Shareholders' funds (net worth) | 1,976 | 1,845 | 1,722 | 1,554 | 1,250 | 894 | 658 |
| Minority interest | 175 | 173 | 171 | 144 | 65.01 | 15.53 | 10.23 |
| Secured loans | 133 | 10.61 | 19.70 | 57.57 | 101 | 123 | 256 |
| Unsecured loans | 0.37 | 0.42 | 0.00 | 0.00 | 0.00 | 4.00 | 4.00 |
| Total debt | 133 | 11.03 | 19.70 | 57.57 | 101 | 127 | 260 |
| Total liabilities | 2,295 | 2,033 | 1,919 | 1,760 | 1,420 | 1,058 | 945 |
| Assets | |||||||
| Gross block | 1,511 | 1,417 | 1,264 | 1,104 | 969 | 790 | 786 |
| Net block | 1,043 | 1,003 | 896 | 781 | 681 | 543 | 573 |
| Capital work in progress | 512 | 238 | 205 | 113 | 141 | 173 | 46.27 |
| Investments | 0.00 | 0.00 | 0.00 | 72.65 | 0.00 | 0.00 | 47.50 |
| Inventories | 247 | 274 | 287 | 303 | 222 | 110 | 109 |
| Sundry debtors | 346 | 275 | 319 | 378 | 588 | 306 | 207 |
| Cash & bank balances | 271 | 354 | 340 | 236 | 51.56 | 19.64 | 8.81 |
| Loans & advances | 76.56 | 38.32 | 50.89 | 43.23 | 45.03 | 142 | 88.05 |
| Total current assets | 941 | 941 | 997 | 960 | 907 | 577 | 413 |
| Total current liabilities | 334 | 121 | 140 | 122 | 258 | 205 | 125 |
| Net working capital | 607 | 820 | 857 | 838 | 649 | 372 | 288 |
| Total assets | 2,295 | 2,033 | 1,919 | 1,760 | 1,420 | 1,058 | 945 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 149 | 81.20 | 96.36 | 33.13 | 17.32 | 8.81 | 20.40 |
| Net cash from operating activities | 184 | 255 | 334 | 354 | 220 | 110 | 144 |
| Net cash from investing activities | (344) | (139) | (274) | (210) | (147) | (61.59) | (130) |
| Net cash from financing activities | 84.57 | (48.52) | (74.97) | (81.23) | (56.51) | (37.45) | (25.67) |
| Net change in cash | (74.97) | 67.69 | (15.16) | 63.23 | 15.80 | 10.83 | (11.59) |
| Closing cash | 271 | 354 | 340 | 236 | 51.56 | 19.64 | 8.81 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +2.0% | -14.9% | -30.3% | +1.4% | +77.1% | +40.2% | - |
| EBITDA growth | +14.3% | -28.3% | -46.9% | -2.2% | +66.8% | +106.5% | - |
| PBT growth | +9.1% | -29.3% | -46.8% | -2.0% | +77.1% | +149.1% | -20.6% |
| Net income growth | +6.1% | -23.0% | -36.8% | -12.1% | +55.1% | +126.7% | - |
| Revenue CAGR (3Y) | -15.4% | -15.6% | +7.8% | +36.0% | +35.1% | +15.1% | +11.8% |
| EBITDA CAGR (3Y) | -24.2% | -28.0% | -4.6% | +49.9% | +47.7% | +27.0% | +6.6% |
| Profitability & leverage | |||||||
| Net income margin | +11.9% | +11.4% | +14.2% | +17.2% | +18.0% | +18.6% | +10.4% |
| Return on capital employed | +12.0% | +12.0% | +18.3% | +39.0% | +49.7% | +34.9% | +17.6% |
| Return on net worth | +8.9% | +8.9% | +14.2% | +28.9% | +39.0% | +31.4% | +15.8% |
| Debt / equity | 0.04 | 0.01 | 0.02 | 0.06 | 0.11 | 0.25 | 0.40 |
| Long-term debt / equity | 0.02 | 0.00 | 0.01 | 0.03 | 0.07 | 0.13 | 0.16 |
| Interest cover | 2.57 | 2.01 | 2.31 | 2.12 | 2.94 | 5.40 | 15.44 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.97 | 1.04 | 1.39 | 2.27 | 2.64 | 1.66 | 1.45 |
| Inventory turnover | 5.47 | 4.98 | 5.57 | 8.97 | 13.98 | 11.99 | 6.88 |
| Debtors turnover | 4.59 | 4.70 | 4.71 | 4.88 | 5.20 | 5.11 | 5.00 |
| EPS (₹) | 51.60 | 48.62 | 63.22 | 100.47 | 113.71 | 73.51 | 32.34 |
| Dividend per share (₹) | 11.00 | 11.00 | 11.00 | 10.00 | 6.00 | 4.00 | 3.20 |
| Book value per share (₹) | 610.00 | 569.44 | 531.42 | 479.69 | 385.74 | 276.04 | 203.12 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 423 | 362 | 301 | 309 | 319 | 322 | 299 | 320 |
| Revenue growth (YoY) | +32.4% | +12.5% | +0.7% | -3.4% | -4.0% | - | - | - |
| Other income | 6.17 | 8.40 | 5.37 | 6.98 | 7.27 | 5.82 | 5.45 | 6.30 |
| Total expenses | 319 | 276 | 246 | 259 | 263 | 264 | 248 | 262 |
| EBITDA | 103 | 86.08 | 54.70 | 50.01 | 56.47 | 58.05 | 51.66 | 57.83 |
| EBITDA margin | +24.5% | +23.8% | +18.2% | +16.2% | +17.7% | +18.1% | +17.3% | +18.1% |
| Depreciation | 11.54 | 11.41 | 11.61 | 11.52 | 11.06 | 10.36 | 9.85 | 9.09 |
| Interest | 0.27 | 1.04 | 0.47 | 0.43 | 0.34 | 0.47 | 0.41 | 0.56 |
| Profit before tax | 97.82 | 82.03 | 47.99 | 45.04 | 52.34 | 53.04 | 46.85 | 54.48 |
| Tax | 25.67 | 20.17 | 15.58 | 13.59 | 12.54 | 13.43 | 11.15 | 14.08 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,292 | 1,274 | 1,338 | 1,726 | 1,921 | 1,228 | 919 |
| Revenue growth | +1.4% | -4.8% | -22.5% | -10.1% | +56.4% | +33.6% | - |
| Other income | 28.02 | 22.78 | 20.90 | 9.76 | 18.39 | 12.03 | 10.26 |
| Total expenses | 1,044 | 1,047 | 1,091 | 1,397 | 1,480 | 901 | 739 |
| Employee cost | 77.14 | 72.96 | 72.35 | 80.25 | 93.48 | 31.42 | 32.71 |
| EBITDA | 247 | 226 | 247 | 330 | 441 | 327 | 180 |
| EBITDA margin | +19.1% | +17.8% | +18.4% | +19.1% | +23.0% | +26.6% | +19.6% |
| Depreciation | 45.60 | 38.37 | 33.65 | 31.26 | 29.17 | 23.34 | 24.18 |
| Interest | 2.28 | 1.86 | 2.18 | 2.73 | 7.04 | 5.33 | 12.13 |
| Profit before tax | 227 | 209 | 232 | 305 | 423 | 310 | 154 |
| Tax | 61.88 | 52.76 | 60.31 | 77.83 | 115 | 78.26 | 39.96 |
| Net profit | 165 | 156 | 171 | 226 | 308 | 231 | 114 |
| Net profit margin | +12.8% | +12.3% | +12.8% | +13.1% | +16.0% | +18.8% | +12.4% |
| EPS (₹) | 51.09 | 48.21 | 52.87 | 70.23 | 95.04 | 71.51 | 35.11 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 6.48 | 6.48 | 6.48 | 6.48 | 6.48 | 6.48 | 6.48 |
| Reserves & surplus | 1,778 | 1,649 | 1,528 | 1,394 | 1,186 | 891 | 661 |
| Shareholders' funds (net worth) | 1,785 | 1,655 | 1,534 | 1,400 | 1,192 | 897 | 668 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 102 |
| Unsecured loans | 0.37 | 0.42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 0.37 | 0.42 | 0.00 | 0.00 | 0.00 | 0.00 | 102 |
| Total liabilities | 1,795 | 1,659 | 1,540 | 1,404 | 1,195 | 1,043 | 934 |
| Assets | |||||||
| Gross block | 1,274 | 1,179 | 1,033 | 882 | 752 | 572 | 569 |
| Net block | 883 | 833 | 724 | 604 | 495 | 344 | 363 |
| Capital work in progress | 203 | 154 | 143 | 73.74 | 141 | 173 | 46.27 |
| Investments | 66.00 | 66.00 | 66.00 | 128 | 66.00 | 66.00 | 114 |
| Inventories | 216 | 251 | 263 | 267 | 203 | 95.93 | 92.18 |
| Sundry debtors | 296 | 246 | 262 | 260 | 436 | 272 | 191 |
| Cash & bank balances | 271 | 243 | 206 | 161 | 48.12 | 17.66 | 7.26 |
| Loans & advances | 21.23 | 22.42 | 33.25 | 23.10 | 15.57 | 100 | 55.23 |
| Total current assets | 804 | 762 | 764 | 711 | 702 | 486 | 346 |
| Total current liabilities | 137 | 114 | 128 | 88.30 | 237 | 200 | 120 |
| Net working capital | 667 | 648 | 635 | 623 | 466 | 286 | 225 |
| Total assets | 1,795 | 1,659 | 1,540 | 1,404 | 1,195 | 1,043 | 934 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 38.49 | 30.90 | 39.27 | 29.71 | 15.37 | 7.26 | 20.36 |
| Net cash from operating activities | 200 | 224 | 217 | 187 | 176 | 93.92 | 148 |
| Net cash from investing activities | (129) | (179) | (190) | (155) | (142) | (86.55) | (130) |
| Net cash from financing activities | (35.74) | (37.52) | (34.58) | (22.17) | (20.00) | 3.02 | (30.84) |
| Net change in cash | 35.13 | 7.59 | (8.36) | 9.55 | 14.35 | 10.39 | (13.10) |
| Closing cash | 271 | 243 | 206 | 161 | 48.12 | 17.66 | 7.26 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +1.4% | -4.8% | -22.5% | -10.1% | +56.4% | +33.6% | - |
| EBITDA growth | +9.2% | -8.2% | -25.2% | -25.3% | +35.0% | +81.7% | - |
| PBT growth | +8.8% | -9.8% | -24.2% | -27.8% | +36.5% | +101.7% | -7.4% |
| Net income growth | +5.9% | -8.7% | -24.3% | -26.6% | +33.3% | +103.2% | - |
| Revenue CAGR (3Y) | -9.2% | -12.8% | +2.9% | +23.4% | +26.5% | +12.6% | +11.3% |
| EBITDA CAGR (3Y) | -9.1% | -19.9% | -9.0% | +22.4% | +31.6% | +21.5% | +5.9% |
| Profitability & leverage | |||||||
| Net income margin | +12.8% | +12.3% | +12.8% | +13.2% | +16.0% | +18.9% | +12.4% |
| Return on capital employed | +13.3% | +13.2% | +15.9% | +23.7% | +38.4% | +31.9% | +19.2% |
| Return on net worth | +9.6% | +9.8% | +11.7% | +17.6% | +29.5% | +29.6% | +18.3% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.16 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 1.13 | 0.99 | 1.02 | 0.92 | 1.71 | 1.76 | 7.80 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.05 | 1.15 | 1.40 | 2.11 | 2.90 | 2.15 | 1.72 |
| Inventory turnover | 5.54 | 4.96 | 5.05 | 7.35 | 12.87 | 13.05 | 7.83 |
| Debtors turnover | 4.77 | 5.02 | 5.12 | 4.96 | 5.42 | 5.30 | 5.13 |
| EPS (₹) | 51.09 | 48.21 | 52.87 | 70.23 | 95.04 | 71.51 | 35.11 |
| Dividend per share (₹) | 11.00 | 11.00 | 11.00 | 10.00 | 6.00 | 4.00 | 3.20 |
| Book value per share (₹) | 550.90 | 510.86 | 473.56 | 432.19 | 368.01 | 276.97 | 206.06 |
To see the full year-wise statements and ratios of Balaji Amines Limited, buy the company report.
Board of directors of Balaji Amines Limited
Balaji Amines has 8 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ande Srinivas Reddy Also directs: Apr Holdings and Investments LLP | Whole-Time Director | 30 Sep 2013 | 13 Years 0 Months | Current |
| Ram Reddy Dundurapu | Managing Director | 15 Jan 1989 | 37 Years 9 Months | Current |
| Pratap Reddy Ande | Whole-Time Director | 01 Apr 2013 | 13 Years 6 Months | Current |
| Rajeshwar Reddy Nomula | Whole-Time Director | 16 Nov 1988 | 37 Years 11 Months | Current |
| Suhasini Yatin Shah Also directs: Balaji Speciality Chemicals Limited, Precision Camshafts Limited, Memco Engineering Pvt Ltd and 2 more | Director | 20 May 2023 | 3 Years 5 Months | Current |
| Uma Rajiv Pradhan | Director | 20 May 2023 | 3 Years 5 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Balaji Amines Limited is compared with the 10 companies closest to it by revenue in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kanoria Chemicals & Industries Ltd | ₹1,545.92 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| Jesons Industries Limited | ₹1,536.53 Cr (FY 2025) | 3.0% | Mumbai, Maharashtra, India | |||
| Vishnu Chemicals Limited | ₹1,461.88 Cr (FY 2025) | 19.0% | Hyderabad, Telangana, India | |||
| Anupam Rasayan India Limited | ₹1,448.45 Cr (FY 2025) | -4.0% | Surat, Gujarat, India | |||
| Aquapharm Chemical Limited | ₹1,431.07 Cr (FY 2025) | 491.0% | Pune, Maharashtra, India | |||
| Balaji Amines Limitedthis company | ₹1,424.98 Cr (FY 2026) | ₹167.03 Cr | 11.7% | 2.0% | 1,098 | Solapur, Maharashtra, India |
| Nocil Limited | ₹1,424.79 Cr (FY 2025) | -4.0% | Mumbai, Maharashtra, India | |||
| Archean Chemical Industries Limited | ₹1,373.41 Cr (FY 2024) | -7.0% | Chennai, Tamil Nadu, India | |||
| Novopor Advanced Science Private Limited | ₹1,314.03 Cr (FY 2025) | 66.0% | Hyderabad, Telangana, India | |||
| Nouryon Chemicals India Private Limited | ₹1,313.63 Cr (FY 2025) | 14.0% | Thane, Maharashtra, India | |||
| Clariant Igl Specialty Chemicals Private Limited | ₹1,302.01 Cr (FY 2025) | 13.0% | Kashipur, Uttarakhand, India |
To see the full peer comparison of Balaji Amines Limited, buy the company report.
Auditor
Balaji Amines Limited is audited by M/s. Anandam & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s. Anandam & Co | FY 2024 | 000125S |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 54.60%, foreign institutional investors hold 3.20%, domestic institutional investors hold 1.60% and retail and other public shareholders hold 40.70%.
Sep 2026
QUARTER
54.60% Promoters
1.60% DII (Domestic Institutional)
3.20% FII (Foreign Institutional)
40.70% Retail & Others
Promoter holding - history
Now 54.60% · Sep 2026High 54.60% · Dec 2025Low 54.60% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 54.60% | 54.60% | 54.60% | 54.60% |
| Public | 45.40% | 45.40% | 45.40% | 45.40% |
Charges & borrowings
Open charges
₹295 Cr
Satisfied charges
₹530.09 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jan 2004 | 90086643 | Others | ₹295 Cr | Open | |
| 08 Dec 2021 | 100530843 | State Bank of India | ₹25 Cr | Satisfied | |
| 26 Nov 2019 | 100308776 | Hdfc Bank Limited | ₹50 Cr | Satisfied | |
| 12 Sep 2018 | 100214578 | Hdfc Bank Limited | ₹75 Cr | Satisfied | |
| 20 Aug 2018 | 100198355 | Hdfc Bank Limited | ₹20 Cr | Satisfied |
To see the full charge records of Balaji Amines Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Balaji Amines Limited has 20 deals on record (20 market trades); the latest was in January 2026.
Total deals
20
Market trades
20
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2026 | Market trade | ₹61.21 Cr | Buyer: Hrti Private Limited , Junomoneta Finsol Private Limited Seller: Hrti Private Limited , Junomoneta Finsol Private Limited |
| Jan 2026 | Market trade | ₹122.34 Cr | Buyer: Hrti Private Limited , Junomoneta Finsol Private Limited , Qe Securities LLP Seller: Hrti Private Limited , Junomoneta Finsol Private Limited , Qe Securities LLP |
| Jan 2026 | Market trade | ₹24.69 Cr | Buyer: Irage Broking Services LLP Seller: Irage Broking Services LLP |
| Jan 2026 | Market trade | ₹326.96 Cr | Buyer: NK Securities Research Private Limited , Microcurves Trading Private Limited , Musigma Securities Seller: NK Securities Research Private Limited , Microcurves Trading Private Limited , Musigma Securities |
| Jun 2025 | Market trade | ₹29.43 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
To see the full deal history of Balaji Amines Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Balaji Amines Limited has 93 court cases on record: 62 filed by Balaji Amines, 31 filed against it. 25 cases are pending and 68 are disposed.
Total cases
93
Filed by the company
62
Filed against the company
31
Pending
25
Disposed
68
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 57 | 16 | 14 |
| High courts | 33 | 15 | 11 |
| Supreme Court | 2 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 93)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Solapur, Maharashtra | Civil suit | Filed by the company against Peri Nitrates Pvt Ltd and 2 others | Pending |
| Bombay High Court | Writ petition | Filed against the company by The Maharashtra State Electricity Distribution Company Ltd Through Its Superintending Engineer | Pending |
| District court, Solapur, Maharashtra | Civil suit | Filed by the company against Yag Mag Labs Pvt. Ltd. and 1 other | Pending |
| Bombay High Court | Appeal | Filed against the company by M/S S.S. Techno Services Pvt. Ltd | Pending |
| District court, Osmanabad, Maharashtra | Court case (Spl .Dkst) | Filed by the company against Natural Sugar and Allied Industries Ltd. | Disposed |
To see the full case history of Balaji Amines Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Balaji Amines Limited was last rated by Indiarating on 12 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 12 Oct 2021 |
To see the full credit ratings and regulatory alerts of Balaji Amines Limited, buy the company report.
MSME payment delays
Balaji Amines Limited has 6 MSME Form 1 returns on record between 2019 and 2020, listing 1,428 overdue payments to 71 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 71)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Koshal Poly Pack | |||
| Sree Ramakrishna Engineering Enterprises | |||
| Hyderabad Traders | |||
| an individual supplier | |||
| Lucid Laboratories Private Limited |
To see the full MSME payment records of Balaji Amines Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Balaji Amines has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Balaji Speciality Chemicals Limited | U24299PN2010PLC137162 |
To see the full group structure of Balaji Amines Limited, buy the company report.
Employees & EPFO
Balaji Amines Limited has a workforce of 1,098 employees on its EPFO records as of Jun 19, 2024, across 2 active EPFO establishments.
Employee count
1,098
Active EPFO establishments
2
Employee growth
-0.36%
GST
Balaji Amines has 4 GST registrations: 2 active and 2 cancelled or inactive.
Total GSTINs
4
Active
2
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCB1049E1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 36AABCB1049E1Z6 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Balaji Amines Limited, buy the company report.
Recent activity
Balaji Amines Limited has 32 board changes on record since 1988: 20 appointments and 12 cessations. The latest: Amarender Reddy Minupuri ceased to be Director on 20 May 2023.
Filing
Balaji Amines Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Pune.
AGM
Balaji Amines Limited last Annual general meeting of members was held on 08 Aug 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 295.00 Cr registered on 16 Jan 2004 with Charge ID 90086643 was modified on 18 Mar 2024.
Ceased
Amarender Reddy Minupuri ceased to be Director.
Ceased
Hemanth Reddy Gaddam ceased to be CFO.
Ceased
Kashinath Revappa Dhole ceased to be Director.
Appointed
Mohan Kumar Ramakrishna was appointed as Director.
Ceased
Naveena Thammishetty Chandra ceased to be Director.
Appointed
Rao Seshagiri Adabala was appointed as Director.
Ceased
Satyanarayana Murthy Chavali ceased to be Director.
Appointed
Suhasini Yatin Shah was appointed as Director.
Appointed
Uma Rajiv Pradhan was appointed as Director.
75 earlier events are in the company report.
News
BALAMINES: Rs. 23.36 Crores NSE Block Trade; for ~ 99,455 Shares, at Rs. 2349.30
Balaji Amines: Co. Receives Order From Director General Of Foreign Trade Placing It On Denied Entity List
Frequently asked questions
Balaji Amines is an active public limited company based in Solapur, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 27 October 1988 (38+ years old) and is registered under CIN L24132MH1988PLC049387. Listed on BSE: 530999 and NSE: BALAMINES.
Balaji Amines reported revenue of ₹1,424.98 Cr for FY 2025-26 (up 2% YoY) based on consolidated financials.
Balaji Amines has 8 current directors:
- Ram Reddy Dundurapu - Managing Director
- Ande Srinivas Reddy - Whole-Time Director
- Pratap Reddy Ande - Whole-Time Director
- Rajeshwar Reddy Nomula - Whole-Time Director
- Suhasini Yatin Shah - Director
- Uma Rajiv Pradhan - Director
- Mohan Kumar Ramakrishna - Director
- Rao Seshagiri Adabala - Director
The latest financial statements of Balaji Amines on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 08 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Balaji Amines is 27AABCB1049E1Z5, registered in Maharashtra. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 36AABCB1049E1Z6 (Telangana).
The CIN (Corporate Identification Number) of Balaji Amines is L24132MH1988PLC049387. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Balaji Amines is a listed company as per MCA records. Its shares are listed on both BSE (code: 530999) and NSE (symbol: BALAMINES).
Balaji Amines has 93 court cases on record: 62 filed by the company and 31 filed against it. 25 are pending. Most are in the district courts.
Balaji Amines was incorporated on 27 October 1988, making it 38+ years old. It is registered with the Registrar of Companies, Pune.
Balaji Amines has 20 deals on record (20 market trades); the latest was in January 2026.
The peers of Balaji Amines by revenue are Kanoria Chemicals & Industries Ltd, Jesons Industries Limited, Vishnu Chemicals Limited, Anupam Rasayan India Limited, Aquapharm Chemical Limited and 5 more, all in the Chemicals industry (Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Amarender Reddy Minupuri ceased to be Director on 20 May 2023. Hemanth Reddy Gaddam ceased to be CFO on 20 May 2023. Kashinath Revappa Dhole ceased to be Director on 20 May 2023. Balaji Amines has 32 board changes on record in total.