Balaxi Pharmaceuticals Ltd
Balaxi Pharmaceuticals Ltd is an IPR-based pharmaceutical Company engaged in producing, stocking, selling, and supplying branded and generic medicines. [1]
- Market Cap ₹ 166 Cr.
- Current Price ₹ 30.1
- High / Low ₹ 84.0 / 29.6
- Stock P/E 41.4
- Book Value ₹ 23.8
- Dividend Yield 0.00 %
- ROCE 5.06 %
- ROE 2.89 %
- Face Value ₹ 2.00
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 5.97% over past five years.
- Company has a low return on equity of 7.67% over last 3 years.
- Earnings include an other income of Rs.7.91 Cr.
- Company has high debtors of 538 days.
- Promoter holding has decreased over last 3 years: -6.87%
* 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
Healthcare Healthcare Pharmaceuticals & Biotechnology Pharmaceuticals
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.14 | 0.12 | 0.05 | 0.00 | 0.00 | 13.60 | 45.63 | 86.87 | 101.29 | 108.14 | 70.20 | 60.99 | 56.83 | |
| 0.03 | 0.08 | 0.11 | 0.13 | 0.77 | 12.05 | 36.98 | 67.85 | 83.99 | 91.26 | 64.78 | 58.38 | 56.07 | |
| Operating Profit | 0.11 | 0.04 | -0.06 | -0.13 | -0.77 | 1.55 | 8.65 | 19.02 | 17.30 | 16.88 | 5.42 | 2.61 | 0.76 |
| OPM % | 78.57% | 33.33% | -120.00% | 11.40% | 18.96% | 21.89% | 17.08% | 15.61% | 7.72% | 4.28% | 1.34% | ||
| 0.05 | 0.12 | 0.00 | 0.00 | 0.00 | 0.89 | 0.59 | 1.81 | 2.75 | 6.60 | 2.33 | 5.37 | 7.91 | |
| Interest | 0.01 | 0.01 | 0.05 | 0.04 | 0.00 | 0.00 | 0.05 | 0.15 | 0.10 | 0.51 | 1.66 | 2.24 | 2.51 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.09 | 0.25 | 0.52 | 0.51 | 0.46 | 0.45 |
| Profit before tax | 0.15 | 0.15 | -0.11 | -0.17 | -0.77 | 2.44 | 9.18 | 20.59 | 19.70 | 22.45 | 5.58 | 5.28 | 5.71 |
| Tax % | 26.67% | 26.67% | -36.36% | 0.00% | 0.00% | 19.26% | 29.30% | 26.52% | 25.53% | 27.75% | 34.59% | 31.82% | |
| 0.11 | 0.10 | -0.08 | -0.17 | -0.77 | 1.97 | 6.50 | 15.13 | 14.67 | 16.22 | 3.65 | 3.60 | 4.01 | |
| EPS in Rs | 0.31 | 0.07 | -0.05 | -0.11 | -0.51 | 1.30 | 1.30 | 3.03 | 2.93 | 3.19 | 0.67 | 0.65 | 0.73 |
| Dividend Payout % | 63.64% | 91.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.41% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 86% |
| 5 Years: | 6% |
| 3 Years: | -16% |
| TTM: | -17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 43% |
| 5 Years: | -11% |
| 3 Years: | -37% |
| TTM: | 36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | -25% |
| 3 Years: | -38% |
| 1 Year: | -64% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 14% |
| 3 Years: | 8% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.70 | 3.04 | 3.04 | 3.04 | 3.04 | 3.04 | 10.00 | 10.00 | 10.00 | 10.18 | 10.90 | 11.04 | 11.04 |
| Reserves | 0.08 | 0.18 | 0.11 | -0.72 | -1.49 | 0.48 | 18.11 | 33.25 | 47.91 | 81.93 | 110.65 | 116.81 | 120.27 |
| 0.18 | 0.00 | 0.20 | 0.00 | 0.00 | 0.00 | 0.00 | 3.51 | 1.93 | 12.44 | 15.70 | 32.18 | 35.16 | |
| 0.24 | 0.46 | 0.22 | 0.05 | 0.13 | 2.59 | 9.79 | 22.16 | 22.07 | 25.17 | 17.12 | 14.41 | 23.44 | |
| Total Liabilities | 1.20 | 3.68 | 3.57 | 2.37 | 1.68 | 6.11 | 37.90 | 68.92 | 81.91 | 129.72 | 154.37 | 174.44 | 189.91 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.19 | 0.69 | 2.20 | 7.89 | 7.10 | 6.67 | 6.48 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.57 | 2.83 | 2.31 | 22.07 | 34.28 |
| Investments | 0.19 | 3.42 | 3.29 | 0.00 | 0.00 | 0.00 | 0.10 | 19.54 | 19.61 | 19.54 | 19.88 | 25.07 | 53.20 |
| 1.01 | 0.26 | 0.28 | 2.37 | 1.67 | 6.10 | 37.61 | 48.69 | 59.53 | 99.46 | 125.08 | 120.63 | 95.95 | |
| Total Assets | 1.20 | 3.68 | 3.57 | 2.37 | 1.68 | 6.11 | 37.90 | 68.92 | 81.91 | 129.72 | 154.37 | 174.44 | 189.91 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.24 | 0.21 | -0.03 | -0.13 | -0.68 | -1.51 | -14.37 | 13.46 | 8.89 | -7.07 | -1.83 | -7.60 | |
| 0.32 | -3.11 | 0.13 | 2.67 | -0.01 | -0.01 | -0.28 | -20.03 | -6.87 | -2.29 | 0.46 | -24.98 | |
| -0.07 | 2.38 | -0.11 | -0.24 | 0.00 | 0.00 | 18.10 | 3.49 | -1.64 | 26.39 | 27.55 | 17.21 | |
| Net Cash Flow | 0.01 | -0.52 | -0.02 | 2.30 | -0.69 | -1.51 | 3.44 | -3.08 | 0.38 | 17.04 | 26.19 | -15.37 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 756.07 | 30.42 | 0.00 | 146.81 | 249.73 | 202.23 | 187.78 | 264.25 | 399.11 | 538.13 | ||
| Inventory Days | 9.23 | 0.12 | 0.00 | 6.62 | 5.43 | 0.00 | ||||||
| Days Payable | 81.27 | 95.96 | 76.73 | 80.38 | ||||||||
| Cash Conversion Cycle | 756.07 | 30.42 | 0.00 | 146.81 | 177.69 | 106.38 | 187.78 | 194.14 | 324.16 | 538.13 | ||
| Working Capital Days | 104.29 | -669.17 | -1,387.00 | 82.12 | 186.70 | 94.62 | 105.47 | 156.31 | 253.73 | 282.17 | ||
| ROCE % | 17.11% | 7.66% | -1.83% | -4.59% | -39.79% | 96.25% | 58.36% | 55.40% | 37.15% | 27.93% | 6.05% | 5.06% |
Documents
Announcements
-
Investor Presentation
14 November 2025 - Investor presentation for quarter ended Sep 30, 2025; Hyderabad manufacturing plant commissioned; Latin America/Africa expansion.
-
Credit Rating
14 November 2025 - CRISIL reaffirmed Balaxi's CRISIL BBB+; outlook changed to Negative; Rs35 crore facility, Nov 13, 2025.
-
Copy of Newspaper Publication
12 November 2025 - Published newspaper advertisement disclosing Q2 and H1FY2026 results for period ended 30 Sep 2025.
-
Updates
11 November 2025 - Approved Q2/H1 Sep 30,2025 results; up to USD 4M equity to WOS; Jadcherla plant test-license obtained.
-
Statement of deviation(s) or variation(s) under Reg. 32
11 November 2025 - Rs.47,56,92,250 raised Oct 11,2022; Rs.32,40,16,654.64 utilised by Sep 30,2025; no deviation.
Annual reports
Concalls
-
Nov 2025TranscriptAI SummaryPPT
-
Aug 2025TranscriptAI SummaryPPT
-
Jun 2025TranscriptAI SummaryPPT
-
Feb 2025TranscriptAI SummaryPPT
-
Nov 2024TranscriptAI SummaryPPT
-
Aug 2024TranscriptAI SummaryPPT
-
May 2024TranscriptAI SummaryPPT
-
Feb 2024TranscriptAI SummaryPPT
-
Nov 2023TranscriptAI SummaryPPT
-
Aug 2023TranscriptAI SummaryPPT
-
May 2023TranscriptAI SummaryPPT
-
Feb 2023TranscriptAI SummaryPPT
-
Jan 2023TranscriptAI SummaryPPT
-
Nov 2022TranscriptPPT
-
Nov 2022Transcript PPT
-
Oct 2022TranscriptAI SummaryPPT
-
Aug 2022TranscriptPPT
-
Aug 2022Transcript PPT
-
Aug 2022TranscriptAI SummaryPPT
-
Jun 2022TranscriptAI SummaryPPT
-
Jun 2022TranscriptAI SummaryPPT
-
Feb 2022TranscriptAI SummaryPPT
-
Nov 2021TranscriptAI SummaryPPT
-
Jul 2021TranscriptAI SummaryPPT
-
May 2021TranscriptAI SummaryPPT
-
Feb 2021Transcript PPT
-
Oct 2020TranscriptAI SummaryPPT
Product Portfolio
The company is a branded IPR-based pharmaceutical player focusing on frontier markets, with a vast and growing portfolio of prescription and OTC drugs across multiple therapeutic segments. As of 9M FY25, it has a portfolio of 897 registered products across 7 countries in Africa and Latin America serving through 38 warehouses. [1] [2] [3]