Atul vs Balaji Amines: Share Price, Comparison and Key Differences

Atul vs Balaji Amines is a comparison specialty chemical investors look up when evaluating two listed Indian specialty chemical manufacturers. Atul Limited, a Gujarat-based company (part of the Lalbhai Group), is a diversified specialty chemical company making bulk chemicals, performance and other chemicals for pharmaceuticals, agrochemicals, textiles, paints and polymers. Balaji Amines, a Solapur-based company, manufactures aliphatic amines (methylamines, ethylamines, propyl amines, morpholine) used as intermediates in agrochemicals, pharmaceuticals, rubber chemicals and personal care. Both Atul vs Balaji Amines serve the specialty chemical value chain for diverse end industries.

This Atul vs Balaji Amines article covers reach and market position, key products, latest declared results and stock valuation. The Atul vs Balaji Amines data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.

Atul vs Balaji Amines: Reach and Market Position

On the Atul side of the Atul vs Balaji Amines comparison, Atul supplies specialty chemicals to pharma, agro, textile, polymer and rubber industries globally from its Gujarat facilities. Market capitalisation is Rs 19,927 Cr.

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On the Balaji Amines side of the Atul vs Balaji Amines comparison, Balaji Amines supplies aliphatic amines and derivatives to pharmaceutical, agrochemical, rubber and personal care industries across India and for export. Market capitalisation is Rs 6,568 Cr.

Atul vs Balaji Amines: Key Products and Business Mix

In the Atul vs Balaji Amines product comparison, Atul offers: Atul earns from bulk chemicals, performance chemicals (benzene derivatives, sulphonic acids, dyes), pharmaceuticals and aromatics. EPS is Rs 275.44. PE is 24.57x, ROE 10.90 percent, D/E 0.03.

For Balaji Amines in this Atul vs Balaji Amines breakdown: Balaji Amines earns from methylamines, dimethylformamide (DMF), morpholine and other aliphatic amine derivatives. EPS is Rs 65.04. PE is 31.17x, ROE 8.46 percent, D/E 0.07.

Atul vs Balaji Amines: Latest Results

The Atul vs Balaji Amines results for Atul: Atul has a market cap of Rs 19,927 Cr and PE of 24.57x. ROE is 10.90 percent. Atul is 3 times larger than Balaji Amines and is cheaper on PE.

The Atul vs Balaji Amines results for Balaji Amines: Balaji Amines has a market cap of Rs 6,568 Cr and PE of 31.17x. ROE is 8.46 percent. Balaji Amines is more expensive on PE with a lower ROE than Atul.

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Atul vs Balaji Amines: Stock and Valuation

The Atul vs Balaji Amines stock comparison uses the latest available market data from Groww. Investors tracking Atul vs Balaji Amines should verify current prices on NSE or BSE before trading.

Atul vs Balaji Amines at current valuations: Atul trades at Rs 19,927 Cr market cap, PE 24.57x, ROE 10.90 percent. Balaji Amines trades at Rs 6,568 Cr market cap, PE 31.17x, ROE 8.46 percent. Atul is cheaper on PE and has a higher ROE. Both are in the specialty chemical sector facing Chinese competition and demand softness.

Atul vs Balaji Amines: Quick Comparison Table

The Atul vs Balaji Amines comparison table below summarises the key metrics covered in this article side by side.

Parameter	Atul	Balaji Amines
Sector	Diversified specialty chemicals: benzene, dyes, agro, pharma intermediates	Aliphatic amines: methylamines, DMF, morpholine (pharma, agro)
Market Cap	Rs 19,927 Cr	Rs 6,568 Cr
P/E Ratio	24.57x	31.17x
ROE	10.90%	8.46%
Debt to Equity	0.03	0.07
Group	Lalbhai Group (Gujarat)	Promoter-owned (Solapur, Maharashtra)
Dividend	0.44%	0.54%

Conclusion

The Atul vs Balaji Amines comparison above covers the key data points on reach, products, results and valuation. Atul vs Balaji Amines covers two specialty chemical companies in different niches. Atul is a large diversified specialty chemical company with a broad product portfolio across multiple end markets. Balaji Amines is a focused aliphatic amines specialist. Atul vs Balaji Amines investors should review volume recovery, new product launches, Chinese competition effects and capacity utilisation. Both Atul vs Balaji Amines are in a challenging speciality chemical cycle. Consult a SEBI-registered advisor for personalised guidance. Atul vs Balaji Amines investors should note that both benefit from a recovery in pharma and agrochemical intermediate demand. Investors in this specialty chemical pair should note that both companies stand to benefit from a recovery in global pharma and agrochemical intermediate demand.

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Frequently Asked Questions

What does Atul Limited make?

Ans. Atul Limited makes a broad range of specialty chemicals including bulk chemicals (benzene sulphonic acid, aromatic chemicals), performance chemicals (intermediates for agro, pharma, rubber), pharmaceuticals and specialty products for textiles and polymers.

What does Balaji Amines make?

Ans. Balaji Amines manufactures aliphatic amines – methylamines (mono, di, trimethylamine), ethylamines, propyl amines, dimethylformamide (DMF) and morpholine – used as chemical intermediates for agrochemicals, pharmaceuticals, rubber chemicals and personal care.

What are aliphatic amines?

Ans. Aliphatic amines are organic nitrogen compounds derived from ammonia by replacing hydrogen atoms with carbon chains. They are used as building blocks (intermediates) in making pesticides, drugs, rubber accelerators, surfactants and solvents.

Why is the specialty chemical sector challenging?

Ans. Indian specialty chemical companies have faced headwinds from Chinese capacity additions and price competition, slower global demand from pharma and agro end markets, and high raw material costs since 2022.

Does Balaji Amines pay dividends?

Ans. Yes. Balaji Amines pays a dividend yield of approximately 0.54 percent.

Which is larger, Atul or Balaji Amines?

Ans. Atul at Rs 19,927 Cr is approximately 3 times larger than Balaji Amines at Rs 6,568 Cr.

Are Atul and Balaji Amines in Nifty 50?

Ans. Neither is in Nifty 50. Both are tracked in Nifty 500 and smaller indices.