Balaji Amines conducted their Conference Call today at 4:00 pm.
Here are the key takeaways π
Here are the key takeaways π
Business Updates:
β’ EBIDTA growth- 78% Driver were increasing demand and improving price realization.
β’ Zero debt co. on standalone basis.
β’ Certain product are now exported to China.
Volumes:
- Amines: 4,529 MT
- Amines Derivatives: 9,852 MT
- Specialty Chemicals 10,497 MT
β’ EBIDTA growth- 78% Driver were increasing demand and improving price realization.
β’ Zero debt co. on standalone basis.
β’ Certain product are now exported to China.
Volumes:
- Amines: 4,529 MT
- Amines Derivatives: 9,852 MT
- Specialty Chemicals 10,497 MT
Ethylamines:
β’ With implementation of new technology the cost of production is expected to lower.
β’ Demand is India is expected to increase by 12-15% over years.
β’ Import of Ethylamines is 9,000 Tones in India.
β’ Majority will be sell directly in market.
β’ With implementation of new technology the cost of production is expected to lower.
β’ Demand is India is expected to increase by 12-15% over years.
β’ Import of Ethylamines is 9,000 Tones in India.
β’ Majority will be sell directly in market.
Acetonitrile:
β’ De-bottlenecking is delayed on account of lack of skilled manpower due to pandemic led restrictions.
β’ RM price of Acetonitrile has gone up.
DMC:
β’ DMC in Phase I, is undergoing and is expected to commence by the end of FY22
β’ De-bottlenecking is delayed on account of lack of skilled manpower due to pandemic led restrictions.
β’ RM price of Acetonitrile has gone up.
DMC:
β’ DMC in Phase I, is undergoing and is expected to commence by the end of FY22
DMF Production:
β’ During pandemic due to oxygen diversification in healthcare, production was slowed down. Now it is back to normal.
β’ DMF Prices has been around 150-160Rs
β’ Total 30K capacity is there.
β’ During pandemic due to oxygen diversification in healthcare, production was slowed down. Now it is back to normal.
β’ DMF Prices has been around 150-160Rs
β’ Total 30K capacity is there.
Covid Vaccine:
β’ In the all the 3 vaccine, Covaxin, Sputnik and Covi-shield, there is small content of TDTA, Acetic Acid, which goes for manufacturing of covid. But it is very small quantity.
β’ In the all the 3 vaccine, Covaxin, Sputnik and Covi-shield, there is small content of TDTA, Acetic Acid, which goes for manufacturing of covid. But it is very small quantity.
CAPEX:
β’ Phase 1 spend was - 151 cr
β’ Methyl Amines is expected to commission from the end of year.
β’ Capex Plans in image.
β’ Phase 1 spend was - 151 cr
β’ Methyl Amines is expected to commission from the end of year.
β’ Capex Plans in image.
Export:
β’ There were logistics issue going on, but still Balaji has done 185 crore of export.
β’ As logistics issue got resolved, there are much of growth available.
β’ There were logistics issue going on, but still Balaji has done 185 crore of export.
β’ As logistics issue got resolved, there are much of growth available.
Raw Material:
β’ Prices has been little cooled off, and now the prices can be easily passed on to the customer.
β’ Logistics issue is going on, but co. is planning for advance order, hence there wont be issue in most of product.
β’ Prices has been little cooled off, and now the prices can be easily passed on to the customer.
β’ Logistics issue is going on, but co. is planning for advance order, hence there wont be issue in most of product.
Subsidiary:
β’ Subsidiaries are expected grow well in the coming 2-3 quarter.
β’ Margins are expected to improve, if Balaji could avail the RM at good price.
β’ Subsidiaries are expected grow well in the coming 2-3 quarter.
β’ Margins are expected to improve, if Balaji could avail the RM at good price.
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