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 ₹ 210 Cr.
- Current Price ₹ 88.2
- High / Low ₹ 185 / 78.8
- Stock P/E 20.5
- Book Value ₹ 38.1
- Dividend Yield 0.00 %
- ROCE 15.2 %
- ROE 12.0 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 48.4% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.7% over past five years.
- Company has a low return on equity of 13.8% over last 3 years.
- Debtor days have increased from 116 to 145 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
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 59 | 103 | 127 | 145 | 152 | 127 | 170 | |
| 52 | 98 | 120 | 133 | 139 | 113 | 151 | |
| Operating Profit | 7 | 5 | 8 | 12 | 12 | 13 | 19 |
| OPM % | 12% | 4.9% | 6% | 8% | 8% | 11% | 11% |
| 1 | 0 | 1 | 0 | 0 | 2 | 1 | |
| Interest | 2 | 2 | 3 | 3 | 3 | 4 | 4 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | 2 | 5 | 8 | 8 | 11 | 15 |
| Tax % | 43% | 45% | 30% | 26% | 28% | 26% | 32% |
| 3 | 1 | 3 | 6 | 6 | 8 | 10 | |
| EPS in Rs | 2.27 | 5.43 | 6.83 | 3.39 | 3.33 | 4.30 | |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 6% |
| TTM: | 35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 48% |
| 3 Years: | 19% |
| TTM: | 29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -37% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 14% |
| Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 15 | 18 | 20 | 17 | 56 | 67 |
| 14 | 20 | 20 | 26 | 33 | 31 | 42 | |
| 26 | 32 | 40 | 42 | 20 | 13 | 30 | |
| Total Liabilities | 59 | 72 | 83 | 97 | 88 | 124 | 163 |
| 8 | 13 | 13 | 12 | 12 | 12 | 12 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 12 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 52 | 59 | 70 | 85 | 77 | 111 | 139 | |
| Total Assets | 59 | 72 | 83 | 97 | 88 | 124 | 163 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 6 | 7 | 3 | -4 | -3 | -36 | 5 | |
| -0 | -7 | -1 | -0 | -1 | 5 | -13 | |
| -6 | 1 | -2 | 4 | 4 | 31 | 8 | |
| Net Cash Flow | -0 | 1 | 0 | 0 | -0 | 0 | -0 |
| Free Cash Flow | 6 | 14 | 3 | -4 | -4 | -39 | -8 |
| CFO/OP | 108% | 159% | 55% | -21% | -9% | -238% | 30% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 149 | 93 | 82 | 76 | 75 | 129 | 145 |
| Inventory Days | 196 | 116 | 94 | 152 | 106 | 173 | 186 |
| Days Payable | 169 | 125 | 60 | 70 | 33 | 31 | 62 |
| Cash Conversion Cycle | 175 | 83 | 116 | 157 | 148 | 271 | 270 |
| Working Capital Days | 102 | 48 | 50 | 58 | 67 | 174 | 152 |
| ROCE % | 12% | 17% | 22% | 19% | 16% | 15% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| NPK Granulated & Mix Capacity Utilization % ・Standalone data |
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| NPK Granulated & Mix Production Volume MT ・Standalone data |
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| SSP Capacity Utilization % ・Standalone data |
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| SSP Production Volume MT ・Standalone data |
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| SSP Revenue Share of Total Revenue % |
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| Weighbridge & Their Parts Revenue Share of Total Revenue % |
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| Zinc Sulphate Production Volume MT ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Outcome of Board Meeting
20 July 2026 - Balaji Phosphates Limited has informed regarding Outcome of Board Meeting held on July 20, 2026.
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Reply to Clarification- Financial results
14 July 2026 - Audited standalone and consolidated results for year ended 31 Mar 2026; clarified omitted IPO utilization certificate.
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Structural Digital Database
11 July 2026 - Quarterly PIT compliance certificate confirms Structured Digital Database maintained; no non-compliance observed.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
11 July 2026 - Company claims Regulation 15(2) exemption for quarter ended 30 June 2026.
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Change in Auditors
10 July 2026 - Balaji Phosphates Limited has informed regarding Change in Auditors of the company.
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.