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HomeMutual FundBalaji Amines Ltd. – Fairness Analysis DeskInsights

Balaji Amines Ltd. – Fairness Analysis DeskInsights


Balaji Amines Restricted – Largest Amine Participant

Established in 1988, BAL is one among India’s main producers of aliphatic amines and its derivatives, speciality chemical compounds and pharma excipients. It’s a producer of derivatives, that are downstream merchandise for varied Pharma /Pesticide industries other than consumer particular necessities. It is usually a sole producer for few specialty chemical compounds. The corporate’s end-product choice coverage is predicated on import substitution. Its diversified portfolio contains over 25 merchandise, which has world presence. As of March 2022, the corporate operates manufacturing crops with an combination capability of about 231,000 Metric Tonnes Per Annum (MTPA).

Valuation

BAL is out there at a reduced a number of in comparison with its peer from the longterm perspective bearing in mind its main place in aliphatic amine manufacturing and its strategic investments in direction of merchandise that are substantial imports or merchandise with restricted competitors. Therefore, we suggest a BUY ranking within the inventory with the goal worth (TP) of Rs.3515, 23x FY24E EPS.

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