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Thursday, July 24, 2008

Balaji Amines:A great buy

Company Name:Balaji Amines Ltd
Traded in:Nse-Bse
Industry: Chemicals

Introduction:Balaji Amines Limited (BAL) is one of the leading manufacturers of Aliphatic Amines in India.BAL commenced manufacture of Methyl Amines in the year 1989and subsequently added facilities for manufacture of Ethyl Amines and other derivatives of Methyl Amines and Ethyl Amines.The company over the past few years has been consistently adding capacities and thats the reason that today, BAL's products are well accepted in international markets and have gained the distinct export quality status, which makes it one of the few companies in India having the potential to match the stringent international quality standards.

Facilities:BAL`s state-of-the-art manufacturing facility is located at Tamalwadi Village, near Solapur (Maharashtra State, India).The facility is fully equipped with latest technology like digital computerized controlled systems, which facilitates the control of operations from the control room in addition, BAL also possesses an excellent R&D facilities and laboratory, which helps in conducting basic research and to fine tune the process.

Some more distinctions:-

1)ISO 9001:2000:Balaji amines is an ISO 9001: 2000 certified company.

2)Worldwide Presence:Balaji amines has a presence in countries USA, UK, Latin America, Canada, Israel, Pakistan, Bangladesh, Oman, Germany, Italy, Egypt, South Africa, Korea, Taiwan, Spain, France, The Netherlands, Belgium, Norway, Poland, Ukraine, Mexico, Brazil etc.

3)Lowest producer:BAL is the first company in India to test an indigenously developed technology, as compared to its peers, viz- Alkyl Amines Chemicals Ltd and RCF, who preferred technical collaboration with foreign players.Thus along with this, the sharp reduction in power & fuel cost, helped BAL emerge as the lowest cost producer of Methyl Amines in the world.

Outlook:Balaji over the last few years has gradually broadened its product profile and currently markets around several derivatives.I expect substantial ramp up in overall operations in next two years on back of increase in capacity utilisation, new product launches, contribution from natural products division and higher exports.On the back of these improved measures i expect sales to cross Rs 3 bn in FY09 and profits crossing Rs 200mn.

Conclusion:The management,products,unique business model,low equity,solid brand image,sophisticated technology,stupendous manufacturing facility,export thrusts,cost cutting initiatives,expansions of capacity,innovative products launch,iso certifications, all favours the company. Further Balaji is sitting with huge reserves(nearly 6 times of the total equity),which makes me feel that a bonus is inevitable.At CMP of Rs 98, BAL trades at less than 3 times its 1 year forward earnings.Altogether a "GREAT BUY"

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This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.

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