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Employees: 1,266
Size Balaji Amines (BALAMINES.NS) is an India Materials company (Chemicals: Specialty) with a market value of $604M, the 777th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,762 on 6 Nov 2026.
Performance Over six months the shares gained 15.4%, against -15.4% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 20.9% over the last twelve months (peer median +6.2%); the operating margin is 18.9% (peer median 5.7%).
Valuation It trades at 36.2× forward earnings against a peer median of 14.6× (2nd most expensive of 10).
Capital Return on invested capital runs 8.8 points below its cost of capital (18.6% WACC).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹16.5B | ₹14.1B | ₹13.9B | ₹16.1B | ₹23.4B |
| Revenue growth | — | +1% | -14% | -31% | — |
| Gross profit | ₹5.74B | ₹2.71B | ₹2.75B | ₹3.50B | ₹6.55B |
| EBITDA | ₹3.68B | ₹2.54B | ₹2.36B | ₹3.07B | ₹6.05B |
| Net income | ₹2.37B | ₹1.67B | ₹1.58B | ₹2.05B | ₹3.26B |
| Free cash flow | n/a | -₹3.44B | ₹875M | ₹966M | ₹2.54B |
| Capital expenditure | n/a | ₹5.40B | ₹1.87B | ₹2.55B | ₹1.20B |
| Total debt | ₹1.61B | ₹1.33B | ₹110M | ₹197M | ₹576M |
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Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BALAMINES.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.3% | -9.9% | 6th lowest of 21 |
| 6-month return | +15.4% | -15.4% | 2nd highest of 21 |
| Distance from 52-week high | -33.0% | -40.2% | 6th highest of 21 |
| Revenue growth (TTM) | +20.9% | +6.2% | 7th highest of 21 |
| Operating margin | 18.9% | 5.7% | 3rd highest of 21 |
| Forward P/E | 36.2× | 14.6× | 2nd most expensive of 10 |
| ROIC minus cost of capital | -8.8 pp | -1.9 pp | 2nd lowest of 21 |
| EV / EBITDA | 15.8× | 12.4× | 3rd most expensive of 9 |
| Net debt / EBITDA | -0.2× | 1.0× | 4th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Balaji Amines BALAMINES.NS | India | $604M | +15% | +21% | 19% | 36.2× | n/a | n/a |
| Zanyu Technology 002637.SZ | China | $605M | -34% | -3% | 3% | 9.3× | -0.9% | +11.0% |
| Formosan Union Chemical 1709.TW | Taiwan | $607M | +128% | -3% | 14% | n/a | -1.6% | +1.2% |
| Ishihara Sangyo Kaisha 4028.T | Japan | $596M | -22% | +1% | 11% | 9.5× | 1.1% | +8.8% |
| Jiangsu Hengxing New Material Technology 603276.SS | China | $596M | +7% | +29% | 8% | n/a | 18.5% | +15.2% |
| Cytech 301557.SZ | China | $595M | -3% | +13% | 7% | n/a | n/a | n/a |
| Guangzhou Lushan New Materials 603051.SS | China | $595M | +5% | -5% | 0% | n/a | 32.5% | +8.5% |
| Anshan Hifichem 300758.SZ | China | $615M | -22% | +11% | 9% | 45.2× | 15.5% | +8.2% |
| Everlight Chemical Industrial 1711.TW | Taiwan | $593M | -45% | -2% | -1% | n/a | n/a | n/a |
| Shandong Fengyuan Chemical 002805.SZ | China | $591M | -38% | +281% | 1% | n/a | n/a | n/a |
| Shenzhen Jdd Tech New Material 301538.SZ | China | $591M | -33% | +10% | 18% | 14.6× | 15.3% | +25.6% |
| Argus (Shanghai) Textile Chemicals 603790.SS | China | $618M | -11% | +21% | 14% | n/a | 11.7% | +0.7% |
| Skchem 285130.KS | South Korea | $588M | -27% | +27% | 0% | 33.8× | n/a | n/a |
| Longyan Zhuoyue New Energy 688196.SS | China | $622M | -38% | +2% | 1% | 35.0× | n/a | n/a |
| Hebei Jianxin Chemical Industry 300107.SZ | China | $581M | -6% | +39% | 11% | n/a | n/a | n/a |
| Allied Supreme 4770.TW | Taiwan | $629M | +12% | -15% | 19% | 14.2× | 3.4% | +12.4% |
| Chori 8014.T | Japan | $629M | -6% | +3% | 4% | n/a | -13.4% | +6.7% |
| Shandong Sunway Chemical 002469.SZ | China | $579M | -20% | -19% | 3% | 24.6× | n/a | n/a |
| Hangzhou Gaoxin Materials Technology 300478.SZ | China | $631M | +11% | -21% | -9% | n/a | 30.8% | -0.9% |
| MEC 4971.T | Japan | $578M | -47% | +29% | 31% | 14.4× | 17.2% | +11.9% |
| Xilong Scientific 002584.SZ | China | $632M | -11% | +23% | 1% | n/a | n/a | n/a |