Balaji Phosphates Ltd
Incorporated in 1996, Balaji Phosphates Limited manufactures and supplies Single Super Phosphate (SSP), NPK Granulated and Mixed Fertilizers, and Zinc Sulphate.[1]
- Market Cap ₹ 233 Cr.
- Current Price ₹ 98.0
- High / Low ₹ 185 / 78.8
- Stock P/E 24.7
- Book Value ₹ 36.9
- Dividend Yield 0.00 %
- ROCE 14.7 %
- ROE 11.4 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 12.9% over last 3 years.
- Company has high debtors of 170 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
Commodities Chemicals Fertilizers & Agrochemicals Fertilizers
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 59 | 73 | 93 | 112 | 118 | 99 | 135 | |
| 52 | 69 | 86 | 101 | 107 | 86 | 118 | |
| Operating Profit | 7 | 4 | 7 | 11 | 11 | 12 | 17 |
| OPM % | 12% | 6% | 8% | 10% | 9% | 13% | 13% |
| 1 | 0 | 1 | 0 | 0 | 2 | 1 | |
| Interest | 2 | 2 | 3 | 3 | 3 | 4 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | 2 | 4 | 8 | 7 | 10 | 14 |
| Tax % | 43% | 46% | 30% | 27% | 28% | 25% | 31% |
| 3 | 1 | 3 | 6 | 5 | 7 | 9 | |
| EPS in Rs | 1.87 | 4.86 | 6.49 | 2.92 | 3.07 | 3.97 | |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 7% |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 53% |
| 3 Years: | 18% |
| TTM: | 29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -31% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 13% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 6 | 6 | 9 | 18 | 24 | 24 |
| Reserves | 11 | 14 | 17 | 19 | 16 | 54 | 64 |
| 14 | 20 | 20 | 26 | 33 | 28 | 36 | |
| 26 | 29 | 35 | 38 | 17 | 10 | 24 | |
| Total Liabilities | 59 | 69 | 77 | 92 | 83 | 116 | 148 |
| 8 | 7 | 7 | 6 | 6 | 6 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 10 |
| Investments | 0 | 8 | 8 | 8 | 8 | 8 | 8 |
| 52 | 54 | 63 | 78 | 69 | 101 | 123 | |
| Total Assets | 59 | 69 | 77 | 92 | 83 | 116 | 148 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 6 | 8 | 2 | -2 | 3 | -33 | 7 | |
| -0 | -9 | -0 | 0 | -8 | 4 | -12 | |
| -6 | 1 | -2 | 3 | 4 | 29 | 5 | |
| Net Cash Flow | -0 | 0 | -0 | 1 | -1 | 0 | -0 |
| Free Cash Flow | 6 | 9 | 2 | -2 | 2 | -35 | -4 |
| CFO/OP | 108% | 195% | 36% | -11% | 44% | -230% | 44% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 149 | 124 | 101 | 86 | 88 | 155 | 170 |
| Inventory Days | 196 | 145 | 116 | 184 | 118 | 188 | 198 |
| Days Payable | 169 | 161 | 73 | 83 | 36 | 35 | 66 |
| Cash Conversion Cycle | 175 | 108 | 143 | 188 | 170 | 309 | 302 |
| Working Capital Days | 102 | 63 | 67 | 69 | 77 | 211 | 178 |
| ROCE % | 11% | 16% | 22% | 17% | 16% | 15% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Capacity Utilization - SSP % |
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| Capacity Utilization - Zinc Sulphate % |
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| Installed Capacity - SSP MTPA |
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| Installed Capacity - Zinc Sulphate MTPA |
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| Utilized Capacity - SSP MT |
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| Utilized Capacity - Zinc Sulphate MT |
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| Number of Wholesalers - Madhya Pradesh Count |
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| Number of Wholesalers - Maharashtra Count |
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Extracted by Screener AI
Documents
Announcements
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Copy of Newspaper Publication
1 June 2026 - Submitted newspaper clipping for audited standalone and consolidated results for half year/year ended 31 March 2026.
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Statement of deviation(s) or variation(s) under Reg. 32
29 May 2026 - Balaji Phosphates reports no deviation in IPO fund use; Rs.41.58 crore raised, balance temporarily in term deposits.
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Outcome of Board Meeting
29 May 2026 - Board approved audited standalone and consolidated FY26 results on 29 May 2026; auditors issued unmodified opinion.
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Structural Digital Database
28 May 2026 - SDD compliance certificates filed for quarter and FY ended 31 March 2026; no non-compliance.
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Disclosure under SEBI Takeover Regulations
22 May 2026 - MOHIT AIREN has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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.