Balaji Amines - A niche duopoly

When you a see a table like below in an annual report it immediately stands out. In 24 years

• Sales are up - 100X

• Profits are up - 155x

All at a decent ROE, no wonder long term shareholders / promoters have clearly acquired transformative wealth

Balaji Amines has come on my radar multiple times in last 10 years, however I gave it pass every time as I havent…