Share the post "Balaji Amines Ltd.’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales decreased by 12.19 % in YoY and increased by 7.98 % in QoQ"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -12.19 % over the year, substantial increase in net sales/revenue by 7.98 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 59.27 %. Marginal increase in other income during this quarter, up by 3.55%.
- Profit over the Year and quarter: Significant improvement in profitability for Balaji Amines Ltd.. Notable increase of 31.28 % in net profit Year to Year, Balaji Amines Ltd.’s profitability increased by 29.96 % in this quarter.
- EPS over the Year and quarter: EPS increased by 43.54 % Year to Year. EPS increased by 37.8 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 471.395 Cr | Rs. 383.358 Cr | Rs. 413.937 Cr | + 7.98 % | -12.19 % |
| Expenses | Rs. 378.26 Cr | Rs. 309.17 Cr | Rs. 316.23 Cr | + 2.28 % | -16.4 % |
| Operating Profit | Rs. 93.14 Cr | Rs. 74.19 Cr | Rs. 97.71 Cr | + 31.7 % | + 4.91 % |
| OPM % | 19.76 % | 19.35 % | 23.61 % | + 4.26 % | + 3.85 % |
| Other Income | Rs. 5.5 Cr | Rs. 8.46 Cr | Rs. 8.76 Cr | + 3.55 % | + 59.27 % |
| Interest | Rs. 2.53 Cr | Rs. 1.54 Cr | Rs. 1.31 Cr | -14.94 % | -48.22 % |
| Depreciation | Rs. 11.14 Cr | Rs. 10.85 Cr | Rs. 12.25 Cr | + 12.9 % | + 9.96 % |
| Profit before tax | Rs. 84.97 Cr | Rs. 70.26 Cr | Rs. 92.91 Cr | + 32.24 % | + 9.34 % |
| Tax % | 35.02 % | 20.63 % | 21.98 % | + 1.35 % | -13.04 % |
| Net Profit | Rs. 55.21 Cr | Rs. 55.77 Cr | Rs. 72.48 Cr | + 29.96 % | + 31.28 % |
| EPS in Rs | Rs. 14.63 | Rs. 15.24 | Rs. 21 | + 37.8 % | + 43.54 % |
Today, we’re looking at Balaji Amines Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -12.19 %. However, it did see a marginal increase of 7.98 % from the previous quarter. Expenses ticked up slightly by 2.28 % quarter-on-quarter, aligning with the annual decline of -16.4 %. Operating profit, while up 4.91 % compared to last year, faced a quarter-on-quarter increase of 31.7 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 3.85 %, but an expansion of 4.26 % sequentially. Other income rose by 3.55 % compared to the last quarter, despite an annual growth of 59.27 %. Interest expenses dropped significantly by -14.94 % from the previous quarter, yet the year-over-year decrease remains at a moderate -48.22 %. Depreciation costs climbed by 12.9 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 9.96 %. Profit before tax grew annually by 9.34 % but saw an increase from the preceding quarter by 32.24 %.
Tax expenses as a percentage of profits decreased slightly by -13.04 % compared to last year, with a more notable quarter-on-quarter increase of 1.35 %. Net profit rose by 31.28 % year-on-year but experienced a 29.96 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 43.54 % but a quarterly rise of 37.8 %. In summary, Balaji Amines Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 471.395 Cr | Rs. 383.358 Cr | Rs. 413.937 Cr | + 7.98 % | -12.19 % |
| Expenses | Rs. 378.26 Cr | Rs. 309.17 Cr | Rs. 316.23 Cr | + 2.28 % | -16.4 % |
| Operating Profit | Rs. 93.14 Cr | Rs. 74.19 Cr | Rs. 97.71 Cr | + 31.7 % | + 4.91 % |
| Net Profit | Rs. 55.21 Cr | Rs. 55.77 Cr | Rs. 72.48 Cr | + 29.96 % | + 31.28 % |
| EPS in Rs | Rs. 14.63 | Rs. 15.24 | Rs. 21 | + 37.8 % | + 43.54 % |
In reviewing Balaji Amines Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -12.19 % year-on-year, however, there was a minor increase of 7.98 % from the previous quarter. Expenses decreased by -16.4 % compared to the previous year, with a 2.28 % increase quarter-on-quarter. Operating Profit surged by 4.91 % annually, and saw a 31.7 % increase from the last quarter.
Net Profit showed yearly increase of 31.28 %, and experienced a 29.96 % increase from the previous quarter. Earnings Per Share (EPS) rose by 43.54 % annually, however rose by 37.8 % compared to the last quarter. In essence, while Balaji Amines Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
-10
3-Year Profit
8
5-Year Profit
18
10-Year Profit
2,219
Current Price
7,189
Market Cap
The financial outlook for the company under BSE code 530999 reveals a significant five-year profit of 8 percents. This marks a notable increase to -10 percents over the last three years, indicating a strong upward trend in the company's financial health during this period. However, it's important to note that recent challenges have impacted the company's performance, leading to a trailing twelve-month loss of 5 percents. This sharp decline in profitability is particularly concerning, as the company has also reported no sales across any analyzed timeframe, suggesting a highly unconventional and perhaps risky operational approach. The company's stock prices mirror this financial volatility, with the stock trading at 48 percents over the past five years but experiencing a dramatic drop to 8 percents within the last year. Over a decade, the stock price was at 40 percents, reflecting long-term concerns regarding the company's stability and future outlook. Such performance poses questions about the sustainability of the business and whether it can rebound from these recent setbacks.
The company has a market capitalization of ₹7,189 crore and is currently trading at ₹2,219 per share. Historically, the stock has fluctuated within a range of ₹2,736 / 1,960, reflecting both the opportunities and risks that investors perceive in the company. The P/E ratio, at 36.8, is relatively high, suggesting that the market has priced in substantial future growth or is willing to pay a premium for the company’s current earnings. The book value per share stands at ₹531, which reflects the net asset value of the company divided by the number of outstanding shares. The dividend yield is 0.50%, providing shareholders with a consistent return on their investment. ROCE is 16.8%, indicating how well the company is using its capital to generate profits, while ROE at 12.5% highlights the returns generated from shareholders' equity. The debt-to-equity ratio is 0.01, signaling low financial leverage, which is typically seen as a positive indicator of financial health. However, the company’s negative net cash flow of ₹-15.2 crore might raise concerns about its cash generation capabilities or capital expenditures. With a Piotroski score of 5.00, the company's financial stability is evaluated on several factors. Finally, the Graham Number, at ₹849, provides an estimate of the stock’s intrinsic value, while the Price-to-Book (P/B) ratio of 4.18 highlights that the stock is trading at a premium to its book value, potentially reflecting positive market sentiment or overvaluation risks.
 Ltd., logo1.jpg){kind=logo}