Balaji Amines - Dimethyl Ether Can Be A Game Changer: Prabhudas Lilladher

DME serves as a substitute for LPG Gas, fulfilling a demand currently met through LPG imports.

Balaji Amines Ltd.’s storage tanks. (Source: Company website)

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

We visited Balaji Amine Ltd.’s Solapur plant in Maharashtra and had an opportunity to meet the management to better understand the key products manufactured, business operations and capex plans.

Established in 1988, the company is one of the leading manufacturer of Methylamines, Ethylamines and derivatives.

Balaji has total six manufacturing units spread across ~270 acres. In 9M FY24, earnings per share stood at Rs 42.2.

The stock trades at 37 times annualised 9M FY24 EPS.

Click on the attachment to read the full report:

Prabhudas Lilladher Balaji Amines Update.pdf
Read Document

Also Read: Shree Cement - Expanding Footprint Largely In Existing Markets: Motilal Oswal

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to Unlock & Enjoy your
Subscriber-Only benefits
Still Not convinced ?  Know More
Watch LIVE TV , Get Stock Market Updates, Top Business , IPO and Latest News on NDTV Profit.
GET REGULAR UPDATES