The company appears to be future-ready with significant investments in higher-margin products without denting its balance sheet
Key monitorable to watch would be sustenance of operating margins for the subsidiary - Balaji Specialty
Balaji Amine’s project execution is worth noticing, due to which earnings potential has significantly increased over the years
Based on near term capacity expansion plans, improving end markets, product pricing scenario, expanding product portfolio both Balaji Amines (16.3x 2019e earnings) and Alkyl Amines ( 17.5x 2019e earnings) are well placed for growth in the near duopoly market.