Buy Balaji Amines, target price Rs 2930: Anand Rathi

Anand Rathi has buy call on Balaji Amines with a target price of Rs 2930. The current market price of Balaji Amines is Rs 2458.05.
Balaji Amines Ltd., incorporated in the year 1988, is a Small Cap company (having a market cap of Rs 7916.21 Crore) operating in Chemicals sector.

Balaji Amines Ltd. key Products/Revenue Segments include Aliphatic Amines & derivatives, Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 422.69 Crore, up 7.88 % from last quarter Total Income of Rs 391.82 Crore and down -11.37 % from last year same quarter Total Income of Rs 476.90 Crore. Company reported net profit after tax of Rs 72.48 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 53.7 per cent stake in the company as of 31-Mar-2024, while FIIs owned 4.92 per cent, DIIs 1.48 per cent.