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Balaji Amines Ltd.

BSE: 530999 Sector: Industrials
NSE: BALAMINES ISIN Code: INE050E01027
BSE 12:13 | 08 Apr 278.10 7.70
(2.85%)
OPEN

271.45

HIGH

297.40

LOW

269.80

NSE 12:09 | 08 Apr 279.00 7.80
(2.88%)
OPEN

277.00

HIGH

296.00

LOW

260.40

OPEN 271.45
PREVIOUS CLOSE 270.40
VOLUME 5303
52-Week high 498.00
52-Week low 204.10
P/E 8.31
Mkt Cap.(Rs cr) 901
Buy Price 278.05
Buy Qty 131.00
Sell Price 280.75
Sell Qty 26.00
OPEN 271.45
CLOSE 270.40
VOLUME 5303
52-Week high 498.00
52-Week low 204.10
P/E 8.31
Mkt Cap.(Rs cr) 901
Buy Price 278.05
Buy Qty 131.00
Sell Price 280.75
Sell Qty 26.00

Balaji Amines Ltd. (BALAMINES) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me immense pleasure to share with you all the performance of your companyduring the year 2018-19 with well-defined systems and processes in place supported within House R&D team the company's performance has been satisfactory. The company hasfaced pressures on account of Global slowdown in demand and volatile prices in our feedstock and commodity chemicals. The continued support of the customers and R&D focussedinvestments are the growth drivers for our industry which is poised to growexptionentially in the coming years.

So far Balaji Amines during 30 years of successful operations.

We raised IPO during the year 1995-96 at that me our Total sales were र10.23 Crs.and PAT was र0.73 Crs.

We have raised Term Loans of र205.85 Crs. at various stages and paid up all the TLas on 31/03/2019. Now we are a Debt free company.

We did not raise any additional equity except warrants issued and converted to sharesto promoters on preferential allotment basis at a premium during the year 2006-07.

We have contributed to Govt. exchequer as under over the years in Direct and Indirecttaxes.

a) Direct taxes र263.05 Crs.

b) Indirect tax र1069.57 Crs.

We have issued 1:1 bonus shares in the year 2006.

We had started our unit with 74 manpower and now we have Manpower strength of 916 Nos.Directly Employed and indirectly more than 3000

So far we have paid total dividend of र68.29 Crs. from the inception.

We have been paying continuous dividend since 1999 -2000.

We have started our production with just 3 products with limited capacities cateringonly to domestic users then and now we have more than 30 products to offer to our esteemedcustomers all over the world.

We have acquired expertise and competencies to set up plants in shortest possible mewith Global capacities having futuristic plans.

Reduced cost of production of all the products with in House R&D and we are on parwith any Global /MNC players.

The following are some of the Key growth points I would like to share with you for theFinancial Year 2018-19.

Standalone Sales grew by around 10.29% during the year from र861.23 Crs to 949.83Crs during FY 2018-19.

Specialty chemicals has grown by 10.29% from the previous year.

EBIDTA has grown by 2.61% from र193.57 Cr to 198.62 Cr.

Earnings per share grew from र34.93 to र36.44

Book value per share has gone up from र144.15 to र177.43 during the current FYrecording a 23.11% of growth.

Dividend payout has gone up by 18.18% during the Current FY.

Return on capital employed is at 24.18% for the Current FY.

Return on equity stood at 20.53% for the current FY.

Your company has been the leader in Indian space of Speciality and Fine chemicals.

I would like to reiterate that by launching of New products seng up of New plants foradditional capacities we continue to strengthen our customer relationships by offeringwide range of products in Amines & Speciality Chemicals to drive the growth prospectswith healthy margins.

Your company has identified some of the new products seeing the potential growth fromimport substitutes and working towards developing these products in economical way andestablishing large scale capacities to cater to the growing markets of PharmaAgrochemicals Refineries Paints Water treatment chemicals etc.

Your company has been honoured with numerous awards during the year which is atestimony for our capabilities and competencies developed over the years both intechnology and process improvements and contribution to the society.

I take this opportunity to acknowledge all our esteemed customers suppliers BanksColleagues Staff members and all the stakeholders in the company and governmentauthorities for their continued support guidance and hard work and look forward toreceive the same ever after.

Regards

A. Prathap Reddy

Executive Chairman