Balgopal Commercial Ltd
Balgopal Commercial Ltd is transitioning
from securities/textile trading into Mumbai
-led real-estate construction and redevelopment. The group uses owned /development-right assets, direct funding and joint-development structures through the listed parent, 6 subsidiary companies and subsidiary partnership Dreamax Realtors; legacy listed-equity investments remain material. [1]
- Market Cap ₹ 349 Cr.
- Current Price ₹ 150
- High / Low ₹ 240 / 130
- Stock P/E
- Book Value ₹ 29.7
- Dividend Yield 0.00 %
- ROCE -18.0 %
- ROE -16.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 5.05 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -0.24% over last 3 years.
- Working capital days have increased from 3,75,456 days to 11,17,265 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Commercial Services & Supplies Trading & Distributors
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| 0.81 | 4.22 | 17.05 | 0.56 | 0.01 | 1.32 | |
| Sales growth | +420.99% | -96.72% | -98.21% | +633.33% | ||
| 0.80 | 4.14 | 14.69 | 1.55 | 12.46 | 4.12 | |
| Operating Profit | 0.01 | 0.08 | 2.36 | -0.99 | -12.45 | -2.80 |
| OPM % | 1.23% | 1.90% | 13.84% | -176.79% | -124,500.00% | -212.12% |
| 0.00 | 0.00 | 11.79 | 8.37 | 2.33 | -6.55 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.14 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Profit before tax | 0.01 | 0.08 | 14.15 | 7.38 | -10.26 | -9.36 |
| Tax % | 0.00% | 25.00% | 7.00% | 14.77% | -13.74% | |
| 0.00 | 0.06 | 13.17 | 6.29 | -8.85 | -8.17 | |
| EPS in Rs | 0.00 | 0.04 | 7.98 | 3.31 | -4.23 | -3.98 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 633% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -164% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 67% |
| 1 Year: | -25% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 0% |
| Last Year: | -17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.24 | 16.51 | 16.51 | 19.01 | 20.91 | 23.25 |
| Reserves | 17.94 | 1.63 | 12.07 | 37.59 | 35.37 | 45.81 |
| 0.00 | 0.00 | 0.00 | 1.65 | 3.73 | 2.66 | |
| 0.00 | 4.24 | 6.17 | 8.01 | 36.56 | 26.42 | |
| Total Liabilities | 18.18 | 22.38 | 34.75 | 66.26 | 96.57 | 98.14 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.70 | 1.99 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 7.60 | 2.49 | 21.09 | 40.02 | 45.31 | 7.54 |
| 10.58 | 19.89 | 13.66 | 26.24 | 50.56 | 88.61 | |
| Total Assets | 18.18 | 22.38 | 34.75 | 66.26 | 96.57 | 98.14 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 0.00 | 0.17 | 14.69 | -7.76 | 2.00 | |
| 0.00 | 5.01 | -14.89 | -10.61 | -14.67 | |
| 0.00 | -5.12 | 0.00 | 21.96 | 10.63 | |
| Net Cash Flow | 0.00 | 0.06 | -0.19 | 3.59 | -2.04 |
| Free Cash Flow | 0.00 | 0.17 | 14.69 | -7.76 | 2.00 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 0% | 212% | 625% | 653% | -17% |
Ratios
Consolidated / View Standalone
| Mar 2014 | Mar 2015 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 365.00 | 211.04 | 0.00 | 0.00 | 0.00 |
| Inventory Days | 2,737.50 | 780.21 | 14.79 | ||
| Days Payable | 0.00 | 407.49 | 0.00 | ||
| Cash Conversion Cycle | 3,102.50 | 583.77 | 14.79 | 0.00 | 0.00 |
| Working Capital Days | 4,763.02 | 1,345.83 | 160.34 | 8,942.50 | 1,117,265.00 |
| ROCE % | 0.44% | 14.42% | -18.04% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Book (Loans & Advances) INR '000 ・Standalone data |
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| Non-Current Investments (Quoted Equity at Fair/Carrying Value) INR '000 ・Standalone data |
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| Trading Turnover (Sale of Securities/Products) INR '000 ・Standalone data |
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| Stock-in-Trade (Inventory of Securities) INR '000 ・Standalone data |
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| Number of Quoted Equity Holdings in Portfolio count ・Standalone data |
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| Number of Permanent Employees on Rolls count ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Director
- Auditor reviewed Balgopal Commercial’s Q2 and H1 FY2027 consolidated unaudited results, with no material misstatement noted.
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
- Auditor review report on Balgopal Commercial’s Q2 and YTD consolidated unaudited results, dated 13 Nov 2026.
- Unaudited Financial Results For The Quarter And Half Year Ended 30Th September''2026
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 13Th November, 2026
- Auditor reviewed Q2 FY2027 consolidated unaudited results, finding no material misstatement.
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Board Meeting Intimation for Board Meeting Intimation For Meeting To Be Held On 13Th November, 2026.
- Board meets 13 Nov 2026 to approve Q2 and half-year FY2026 standalone and consolidated results.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
from bse
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Annual Report 2013
from bse
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Annual Report 2012
from bse
Business transition:[1]
The company's historical revenue
were from securities sales, but on
July 25, 2026, the Board proposed
deleting trading/investment main
objects so that real estate and
construction become the sole
primary object, subject to the
shareholder and regulatory
approvals.[2]