Balaji Phosphates Ltd

Balaji Phosphates Ltd

₹ 142 0.18%
24 Jul - close price
About

Incorporated in 1996, Balaji Phosphates Limited manufactures and supplies Single Super Phosphate (SSP), NPK Granulated and Mixed Fertilizers, and Zinc Sulphate.[1]

Key Points

Product Portfolio[1]
a) Single Super Phosphate (SSP) – Available in powder and granular forms.
b) NPK Granulated & Mixed Fertilizers – Various grades: 12:32:06, 15:05:05, 16:30:10, 17:17:17, 20:20:00, 10:20:10.
c) Zinc Sulphate – Available in 21% and 33% purity.
d) Fortified SSP with Zinc & Boron – Zincated SSP and Boronated SSP in powder and granular forms.

  • Market Cap 338 Cr.
  • Current Price 142
  • High / Low 148 / 72.6
  • Stock P/E 46.3
  • Book Value 32.8
  • Dividend Yield 0.00 %
  • ROCE 15.5 %
  • ROE 13.1 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 23.4% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -30.1%
  • The company has delivered a poor sales growth of 10.9% over past five years.
  • Company has high debtors of 155 days.
  • Working capital days have increased from 192 days to 294 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.

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2024 Mar 2025
35.16 47.98
32.77 41.24
Operating Profit 2.39 6.74
OPM % 6.80% 14.05%
0.04 0.09
Interest 1.54 1.94
Depreciation 0.41 0.47
Profit before tax 0.48 4.42
Tax % 37.50% 27.38%
0.30 3.21
EPS in Rs 0.17 1.35
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
58.76 73.11 93.01 111.93 118.18 98.72
51.88 68.72 85.91 100.66 107.28 86.46
Operating Profit 6.88 4.39 7.10 11.27 10.90 12.26
OPM % 11.71% 6.00% 7.63% 10.07% 9.22% 12.42%
0.85 0.46 0.53 0.05 0.09 2.00
Interest 2.18 1.79 2.59 2.64 2.93 3.58
Depreciation 1.11 1.00 0.91 0.79 0.82 0.90
Profit before tax 4.44 2.06 4.13 7.89 7.24 9.78
Tax % 42.57% 46.12% 30.27% 26.62% 28.18% 25.36%
2.55 1.11 2.89 5.79 5.20 7.30
EPS in Rs 1.87 4.86 6.49 2.92 3.07
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 2%
TTM: -16%
Compounded Profit Growth
10 Years: %
5 Years: 23%
3 Years: 36%
TTM: 40%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 16%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 8.24 5.95 5.95 8.92 17.84 23.78
Reserves 10.75 14.16 17.05 19.39 15.67 54.15
14.30 19.73 19.88 25.65 32.71 27.93
25.89 29.35 34.55 37.81 16.77 10.22
Total Liabilities 59.18 69.19 77.43 91.77 82.99 116.08
7.54 7.17 6.76 5.97 5.90 5.62
CWIP 0.00 0.00 0.00 0.00 0.00 1.48
Investments 0.00 7.90 7.90 7.90 7.90 7.90
51.64 54.12 62.77 77.90 69.19 101.08
Total Assets 59.18 69.19 77.43 91.77 82.99 116.08

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
6.08 7.87 2.10 -2.30 -4.01 -33.11
-0.25 -8.56 -0.49 0.00 -0.75 4.29
-5.91 1.03 -1.87 3.16 4.31 29.06
Net Cash Flow -0.07 0.34 -0.26 0.86 -0.45 0.24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 148.71 123.61 101.21 86.19 87.84 154.95
Inventory Days 195.86 145.27 115.57 183.87 118.49 188.30
Days Payable 169.14 160.85 73.42 82.52 36.55 34.72
Cash Conversion Cycle 175.42 108.04 143.35 187.54 169.78 308.53
Working Capital Days 151.01 123.26 111.84 125.22 156.68 294.42
ROCE % 10.53% 16.25% 21.75% 16.92% 15.53%

Shareholding Pattern

Numbers in percentages

Mar 2025
69.90%
3.55%
1.35%
25.20%
No. of Shareholders 583

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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