{"id":25841,"date":"2022-12-07T11:54:41","date_gmt":"2022-12-07T06:24:41","guid":{"rendered":"https:\/\/fundsindia.com\/blog\/?p=25841"},"modified":"2022-12-07T11:54:41","modified_gmt":"2022-12-07T06:24:41","slug":"alpha-balaji-amines-ltd-equity-research-desk","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-balaji-amines-ltd-equity-research-desk\/25841","title":{"rendered":"Alpha | Balaji Amines Ltd. \u2013 Equity Research Desk"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/12\/FI_Alpha-BalajiAminesLimited.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"983\" height=\"467\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/12\/Alpha-New-8.png\" alt=\"\" class=\"wp-image-25850\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/12\/Alpha-New-8.png 983w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/12\/Alpha-New-8-300x143.png 300w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/12\/Alpha-New-8-768x365.png 768w\" sizes=\"(max-width: 983px) 100vw, 983px\" \/><\/a><\/figure>\n\n\n\n<h3><strong>Balaji Amines Limited \u2013 Largest Amine Player<\/strong><\/h3>\n\n\n\n<p>Established in 1988, BAL is one of India\u2019s leading manufacturers of aliphatic amines and its derivatives, speciality chemicals and pharma excipients. It is a manufacturer of derivatives, which are downstream products for various Pharma \/Pesticide industries apart from user specific requirements. It is also a sole producer for few specialty chemicals. The company\u2019s end-product selection policy is based on import substitution. Its diversified portfolio includes over 25 products, which has global presence. As of March 2022, the company operates manufacturing plants with an aggregate capacity of about 231,000 Metric Tonnes Per Annum (MTPA).<\/p>\n\n\n\n<h3>Valuation<\/h3>\n\n\n\n<p>BAL is available at a discounted multiple compared to its peer from the longterm perspective taking into consideration its leading position in aliphatic amine manufacturing and its strategic investments towards products which are substantial imports or products with limited competition. Hence, we recommend a BUY rating in the stock with the target price (TP) of Rs.3515, 23x FY24E EPS.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/12\/FI_Alpha-BalajiAminesLimited.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"531\" height=\"66\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_click-here-for-the-research-report.png\" alt=\"\" class=\"wp-image-25301\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_click-here-for-the-research-report.png 531w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_click-here-for-the-research-report-300x37.png 300w\" sizes=\"(max-width: 531px) 100vw, 531px\" \/><\/a><\/figure>\n\n\n\n<p>If you are new to FundsIndia, open your FREE investment account with us and enjoy lifelong research-backed investment guidance.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.fundsindia.com\/registration\/signup\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"406\" height=\"66\" src=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_open-your-free-account-1.png\" alt=\"\" class=\"wp-image-25306\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_open-your-free-account-1.png 406w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_open-your-free-account-1-300x49.png 300w\" sizes=\"(max-width: 406px) 100vw, 406px\" \/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Balaji Amines Limited \u2013 Largest Amine Player Established in 1988, BAL is one of India\u2019s leading manufacturers of aliphatic amines and its derivatives, speciality chemicals and pharma excipients. It is a manufacturer of derivatives, which are downstream products for various Pharma \/Pesticide industries apart from user specific requirements. It is also a sole producer for [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":25843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[743,59],"tags":[853,201,108,746,517,745],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alpha | Balaji Amines Ltd. \u2013 Equity Research Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/alpha-balaji-amines-ltd-equity-research-desk\/25841\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alpha | Balaji Amines Ltd. \u2013 Equity Research Desk\" \/>\n<meta property=\"og:description\" content=\"Balaji Amines Limited \u2013 Largest Amine Player Established in 1988, BAL is one of India\u2019s leading manufacturers of aliphatic amines and its derivatives, speciality chemicals and pharma excipients. It is a manufacturer of derivatives, which are downstream products for various Pharma \/Pesticide industries apart from user specific requirements. It is also a sole producer for [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fundsindia.com\/blog\/equities\/alpha-balaji-amines-ltd-equity-research-desk\/25841\" \/>\n<meta property=\"og:site_name\" content=\"Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fundsindia\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-07T06:24:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/12\/Alpha-New-7.png\" \/>\n\t<meta property=\"og:image:width\" content=\"983\" \/>\n\t<meta property=\"og:image:height\" content=\"467\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Equities Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" 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