“Commencement of Commercial Production of DMC”

Balaji Amines Limited today in its BSE filing has said that the company has received the “Environmental Clearance and MPCB – Maharashtra Pollution Control Board” permission in the form of Consent to Operate.

The commercial production of DMC (Di-methyl Carbonate)/PC (Propylene Carbonate) and PG (Propylene Glyco) has commenced at the Company’s newly set up plant in MIDC (Chincholi, Solapur, Mumbai) with effect from 26th September 2022.

With this, the company’s annual capacity will be 15,000 MTPA each for DMC/PC and PG.

Shares of Balaji Amines Ltd closed at INR 3398 (DOWN 4.25%) on the National Stock Exchange (NSE) with a volume of 89,892 shares.

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15 May 2019

Balaji Amines Limited (BAL), one of the leading manufacturers of Aliphatic Amines in India has posted its Q4 FY 2019 numbers today after the market hours.

Sales recorded at INR 919.83 Cr during the Financial Year 2018-19 as compared to INR 861.23 Cr for the previous year, an increase of 10.29% YoY basis. However, the QoQ revenue declined by 8.05 percent (INR 234.78 Cr vs INR 255.33 Cr)

PAT recorded at INR 118.08 Cr for the financial year 2018-19 as against INR 113.18 Cr an increase of 4.33% year-on-year basis.

Dividend: The Board of the company has recommended the payment of annual dividend of INR 2.80/- per equity share i.e. 140% on face value of Rs. 2/- per share

About Balaji Amines

History: Balaji Amines Limited (BAL), was set up in the year 1988 to cater to the growing requirements of value based Specialty Chemicals. BAL commenced manufacture of Methyl Amines in the year 1989 and subsequently added facilities for manufacture of Ethyl Amines and other derivatives of Methyl Amines and Ethyl Amines.

Business: The Company is a leading manufacturer of ethyl and methyl amines which have various applications in chemical industries. Apart from this, Balaji Amines has now diversified into producing derivatives of methyl and ethyl amines, namely, dimethyl amine hydrochloride, choline chloride, dimethyl acetamide, etc.

Manufacturing: BAL`s state-of-the-art manufacturing facility is located at Tamalwadi Village, (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 possesses an excellent R&D facilities and laboratory, which helps in conducting basic research and also to fine tune the process.

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Stock Price Movement

The stock ended nearly 0.20% or 65 paise lower to INR 294.65 on NSE when the market closed on Wednesday! During the period ended 31st March 2019, the share prices of Balaji Amines has made a low of INR 366 and high of INR 509

Balaji Amines on Technical Charts

balaji amines ltd share price is trading 10.52% lower when compared to its 200 EMA (475) and trading 5.55% lower when compared to 50 EMA (450)

Average Return

The stock has given 13.88% negative returns over the past 6 months and delivered 34.78% negative returns over the last 12 months.

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Balaji Amines current market cap is more than INR 1300 Cr and trading at a PE ratio of 11

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I (Vishal Dalwadi) or FinBlab do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Balaji Amines Limited: Update appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Gross Direct Premium Income (GDPI) of the Company increased to INR 144.88 billion in FY 2019 compared to INR 123.57 billion in FY 2018, registering a growth of 17.2% year-on-year basis.

GDPI of the Company increased to INR 34.85 billion in Q4 FY 2019 compared to INR 29.26 billion in Q4 FY 2018, registering a growth of 19.1% QoQ basis.

Profit after tax (PAT) of the company grew by 21.8 percent year-on-year basis to INR 10.49 billion in FY 2019 as compare to INR 8.62 billion in FY 2018, while PAT for Q4 FY 2019 grew by 7.5 percent to INR 2.28 billion compared to INR 2.12 billion in Q4 FY 2018.

The Board of Directors of the Company has proposed final dividend of INR 3.50 per share for FY 2019. The overall dividend for FY 2019 (including interim dividend of INR 2.50) comes to INR 6.00 per share.

About ICICI Lombard GIC

ICICI Lombard is a leader with a Gross Written Premium (GWP) of INR 126 billion for the year ended March 31, 2018.

icici lombard claim status – The company issued over 23.5 million policies and settled over 1.54 million claims as on March 31, 2018.

History: Incorporated in the year 2000, ICICI Lombard General Insurance Company Limited founded as a joint venture with ICICI Bank Limited.

Business: ICICI Lombard is engaged in providing various general insurance products and services in India. The Company mainly offers aviation, casualty, engineering, energy, fire, home, hull, health insurance (check icici lombard health insurance), liability, motor, marine, personal accident, rural, travel, and credit insurance products and services. It also provides insurance claims management, reinsurance, and investment management services.

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Stock Price Movement

The stock ended 1.14% or Rs. 12.30 higher to INR 1095.45 on NSE when the market closed on Thursday! During the quarter ended 31st March 2019, the share prices of ICICI Lombard General Insurance has made a low of INR 807 and high of INR 1037

ICICI Lombard General Insurance on Technical Charts

ICICI Lombard GIC share price is trading 25% higher when compared to its 200 EMA (880) and trading 11.56% higher when compared to its 50 EMA (987)

Average Return

The stock has given 27.85% positive returns over the past 6 months and delivered 30.22% positive returns over the last 12 months.

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ICICI Lombard General Insurance current market cap is more than INR 49500 Cr and trading at a PE ratio of 48

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post ICICI Lombard General Insurance: Result Update Q4FY19 appeared first on Upcoming ipos: Latest news on stocks, economy & finance.