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Balaji Phosphates Overview

Balaji Phosphates Ltd. is an Indian manufacturer specializing in phosphate-based fertilizers, including Single Super Phosphate (SSP), NPK Granulated and Mixed Fertilizers, and Zinc Sulphate. Established in 1996 and headquartered in Dewas, Madhya Pradesh, the company markets its products under the brands \'RATNAM\' and \'BPPL,\' catering to farmers, cooperatives, wholesalers, and retailers across key agricultural states such as Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana. ​ The company\'s manufacturing facility in ...Read More

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Balaji Phosphates Key Financials

Market Cap ₹341 Cr.

Stock P/E 43.1

P/B 4.3

Current Price ₹143.5

Book Value ₹ 33.7

Face Value 10

52W High ₹184.7

Dividend Yield 0%

52W Low ₹ 72.6

Balaji Phosphates Share Price

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Volume
Price

Balaji Phosphates Quarterly Price

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Balaji Phosphates Peer Comparison

Balaji Phosphates Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Balaji Phosphates Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 124 145 152 127
Other Income 0 0 0 2
Total Income 124 145 152 129
Total Expenditure 116 133 139 113
Operating Profit 8 12 12 15
Interest 3 3 3 4
Depreciation 1 1 1 1
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 5 8 8 11
Provision for Tax 1 2 2 3
Profit After Tax 3 6 6 8
Adjustments -0 -0 0 0
Profit After Adjustments 3 6 6 8
Adjusted Earnings Per Share 1.8 3.4 3.4 3.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -16% 1% 0% 0%
Operating Profit CAGR 25% 23% 0% 0%
PAT CAGR 33% 39% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 14% 19% 18% 18%
ROCE Average 16% 19% 19% 19%

Balaji Phosphates Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 23 29 35 80
Minority's Interest 0 0 0 0
Borrowings 8 8 7 5
Other Non-Current Liabilities 0 0 0 0
Total Current Liabilities 51 59 47 41
Total Liabilities 82 97 89 127
Fixed Assets 12 12 12 12
Other Non-Current Assets 0 0 1 12
Total Current Assets 70 85 76 103
Total Assets 82 97 89 127

Balaji Phosphates Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 3 2 0
Cash Flow from Operating Activities 3 -4 3 -36
Cash Flow from Investing Activities -0 -0 -8 5
Cash Flow from Financing Activities -3 4 4 31
Net Cash Inflow / Outflow 0 0 -1 0
Closing Cash & Cash Equivalent 3 3 0 0

Balaji Phosphates Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.79 3.41 3.39 3.33
CEPS(Rs) 2.34 3.89 3.86 3.73
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 12.82 16.24 19.62 33.66
Core EBITDA Margin(%) 6.43 8.09 8.1 10.62
EBIT Margin(%) 6.01 7.58 7.63 11.49
Pre Tax Margin(%) 3.69 5.73 5.52 8.41
PAT Margin (%) 2.58 4.21 3.99 6.26
Cash Profit Margin (%) 3.37 4.8 4.54 7.01
ROA(%) 3.87 6.79 6.51 7.36
ROE(%) 13.96 23.49 18.89 13.77
ROCE(%) 17.38 22.36 18.72 16.2
Receivable days 91.09 76.83 73.52 109.26
Inventory Days 69.82 82.98 88.57 102.75
Payable days 73.64 68.42 49.13 36.93
PER(x) 0 0 0 29.74
Price/Book(x) 0 0 0 2.94
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.19 0.23 0.32 2.1
EV/Core EBITDA(x) 2.76 2.76 3.96 17.12
Net Sales Growth(%) 0 16.89 4.85 -16.52
EBIT Growth(%) 0 47.49 5.52 25.74
PAT Growth(%) 0 90.79 -0.78 31.08
EPS Growth(%) 0 90.79 -0.77 -1.66
Debt/Equity(x) 0.87 0.91 0.95 0.39
Current Ratio(x) 1.38 1.43 1.64 2.51
Quick Ratio(x) 0.91 0.73 0.96 1.54
Interest Cover(x) 2.59 4.09 3.62 3.73
Total Debt/Mcap(x) 0 0 0 0.13

Balaji Phosphates Shareholding Pattern

# Mar 2025 Sep 2025
Promoter 69.9 69.9
FII 3.55 3.54
DII 1.35 0.77
Public 25.2 25.79
Others 0 0
Total 100 100

Balaji Phosphates News

Balaji Phosphates Pros & Cons

Pros

  • Debtor days have improved from 49.13 to 36.93days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 4.3 times its book value.
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