Our Hyderabad company is pouring money into investors

Balaji Amines, a Hyderabad-based aliphatic amines and specialty chemicals company, is pouring cash into investors. The chemical giant has become a multibagger with a return of 254.87 per cent to investors last year alone. The stock was valued at Rs 882.15 on December 20,2020 and rose to Rs 3130.5 on December 22, 2021. This has almost tripled the wealth of investors.

By 2025, global amine businesses are projected to grow at an annual rate of 3.6 percent to $ 20.8 billion. Headquartered in Hyderabad, Balaji is a leading manufacturer of amines, aliphatic amines and specialty chemicals in the country. The company manufactures, sells and exports methylamines, ethylamine, and specialty chemicals derivatives. These products are used in pharmaceuticals, agro chemicals, refineries, paints, water treatment chemicals, coatings, polymers, textiles, personal, home care and animal nutrition.

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On a consolidation basis, the company had a net sales of Rs 525.73 crore in Q2 this fiscal. The company had a sales of Rs 282.38 crore in the same quarter last year. These sales are up 86 percent compared to last year. The company’s operating profit fell 112 basis points to 24.98 per cent on rising raw material prices, electricity and fuel costs. PBIDT (excluding other income) rose 78 per cent year-on-year to Rs 131.32 crore. The company also achieved 99 percent growth. Management said the volume growth of the company’s amine businesses was also good. The company expects revenue to grow from Rs 1,800 crore to Rs 1,850 crore this year.

Three flowers business as six nuts
By 2025, global amine businesses are projected to grow at an annual rate of 3.6 percent to $ 20.8 billion. With no large number of competing companies in the industry, Balaji Amines businesses are growing from three flowers to six nuts. Producers in this region, where the highest amount of demand is coming in, can be counted on their fingers.

Shares up 2.49% in today’s trading
Growing industrialization, expanding manufacturing sectors, and population growth are key to boosting demand for amine businesses. Due to the strict environmental regulations in China, there is uncertainty in supply. With this, international companies are buying chemicals from our country. This is creating new opportunities for Indian chemical companies. Balaji Amines stock rose 2.49 per cent to close at Rs 3,208.60 in Thursday’s trade. The stock touched a 52-week high of Rs 5,220 and a 52-week low of Rs 887.35.

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