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 ₹ 333 Cr.
- Current Price ₹ 140
- High / Low ₹ 148 / 72.6
- Stock P/E 42.1
- Book Value ₹ 33.7
- Dividend Yield 0.00 %
- ROCE 16.0 %
- ROE 13.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 25.4% 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%
- Debtor days have increased from 93.2 to 129 days.
- Working capital days have increased from 99.9 days to 174 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
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
59 | 103 | 124 | 145 | 152 | 127 | |
52 | 98 | 116 | 133 | 139 | 113 | |
Operating Profit | 7 | 5 | 8 | 12 | 12 | 13 |
OPM % | 12% | 5% | 6% | 8% | 8% | 10% |
1 | 0 | 0 | 0 | 0 | 2 | |
Interest | 2 | 2 | 3 | 3 | 3 | 4 |
Depreciation | 1 | 1 | 1 | 1 | 1 | 1 |
Profit before tax | 4 | 2 | 5 | 8 | 8 | 11 |
Tax % | 43% | 45% | 30% | 26% | 28% | 26% |
3 | 1 | 3 | 6 | 6 | 8 | |
EPS in Rs | 2.27 | 5.37 | 6.83 | 3.39 | 3.33 | |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 1% |
TTM: | -17% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 25% |
3 Years: | 35% |
TTM: | 31% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 17% |
Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Equity Capital | 8 | 6 | 6 | 9 | 18 | 24 |
Reserves | 11 | 15 | 17 | 20 | 17 | 56 |
14 | 20 | 20 | 26 | 33 | 31 | |
26 | 32 | 40 | 42 | 20 | 13 | |
Total Liabilities | 59 | 72 | 82 | 97 | 88 | 124 |
8 | 13 | 12 | 12 | 12 | 12 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 1 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 |
52 | 59 | 70 | 85 | 77 | 111 | |
Total Assets | 59 | 72 | 82 | 97 | 88 | 124 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
6 | 7 | 3 | -4 | -3 | -36 | |
-0 | -7 | -1 | -0 | -1 | 5 | |
-6 | 1 | -2 | 4 | 4 | 31 | |
Net Cash Flow | -0 | 1 | 0 | 0 | -0 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Debtor Days | 149 | 93 | 91 | 76 | 75 | 129 |
Inventory Days | 196 | 116 | 94 | 152 | 106 | 173 |
Days Payable | 169 | 125 | 74 | 70 | 33 | 31 |
Cash Conversion Cycle | 175 | 83 | 112 | 157 | 148 | 271 |
Working Capital Days | 102 | 48 | 49 | 58 | 67 | 174 |
ROCE % | 12% | 18% | 22% | 19% | 16% |
Documents
Announcements
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General Updates
6 August 2025 - Subsidiary developed and exported India's longest 35m weighbridge, recognized by India Book of Records.
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Structural Digital Database
25 July 2025 - Compliance certificate confirming insider trading database maintained and no noncompliance for Q1 FY2025-26.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
16 July 2025 - Balaji Phosphates listed on NSE Emerge SME; claims SEBI governance exemptions for Q1 FY26.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
16 July 2025 - Filing of SEBI Regulation 74(5) certificate for quarter ended June 30, 2025; no physical shares dematerialized.
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Copy of Newspaper Publication
9 July 2025 - Balaji Phosphates submits audited financial results for half year/year ended March 31, 2025.
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.