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Balurghat Tech Overview

Balurghat Technologies Limited is an Indian company engaged primarily in providing information technology (IT) services and solutions. The company offers software development, IT consulting, and technology integration services to clients across various industries. Operating on a modest scale, Balurghat Technologies focuses on delivering customized IT products and services aimed at improving business processes and digital capabilities. Its performance depends on client acquisition, project execution, and adapting to evolving technology trends. T...Read More

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Balurghat Tech Key Financials

Market Cap ₹19 Cr.

Stock P/E 9.1

P/B 1.4

Current Price ₹10.5

Book Value ₹ 7.4

Face Value 10

52W High ₹24

Dividend Yield 0%

52W Low ₹ 9

Balurghat Tech Share Price

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Volume
Price

Balurghat Tech Quarterly Price

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Balurghat Tech Peer Comparison

Balurghat Tech Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 19 20 20 17 21 23 26 28 33 28
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 19 20 20 17 21 23 26 28 33 28
Total Expenditure 19 19 19 16 20 22 25 28 32 30
Operating Profit 1 1 1 1 1 1 1 -0 0 -2
Interest 0 0 0 0 0 0 0 0 1 1
Depreciation 0 0 -0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 1 1 1 1 1 1 -1 -0 -3
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax 0 0 1 0 1 0 1 -1 -0 -3
Adjustments 0 -0 0 0 0 0 0 0 0 -0
Profit After Adjustments 0 0 1 0 1 0 1 -1 -0 -3
Adjusted Earnings Per Share 0.2 0.2 0.4 0.2 0.4 0.2 0.3 -0.4 -0.2 -1.8

Balurghat Tech Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 41 38 38 48 54 98 92 62 64 79 87 115
Other Income 0 0 0 0 0 0 0 2 0 0 0 0
Total Income 41 38 38 48 55 99 93 63 65 80 87 115
Total Expenditure 40 37 37 46 53 95 91 60 61 75 83 115
Operating Profit 1 1 1 2 2 4 1 3 3 4 4 -1
Interest 0 0 0 0 1 1 2 2 1 1 1 2
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 1 0 0 0 0 0 0
Profit Before Tax 1 1 1 1 1 3 -1 1 2 3 3 -3
Provision for Tax 0 0 0 0 0 1 0 0 1 1 1 0
Profit After Tax 1 1 1 1 1 2 -1 1 1 2 2 -3
Adjustments 0 0 0 0 -0 -0 0 0 0 0 0 0
Profit After Adjustments 1 1 1 1 1 2 -1 1 1 3 2 -3
Adjusted Earnings Per Share 0.4 0.4 0.3 0.4 0.5 1.1 -0.5 0.6 0.8 1.2 1.2 -2.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 10% 12% -2% 8%
Operating Profit CAGR 0% 10% 0% 15%
PAT CAGR 0% 26% 0% 7%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -42% -3% 4% 13%
ROE Average 13% 11% 7% 9%
ROCE Average 13% 13% 10% 12%

Balurghat Tech Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 7 7 8 9 10 11 18 18 18 15 17
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1 1 2 3 3 8 8 7 3 2 2
Other Non-Current Liabilities 0 0 1 1 1 1 1 1 1 1 1
Total Current Liabilities 2 4 2 4 6 4 12 9 11 12 22
Total Liabilities 11 12 13 16 20 25 39 35 34 30 42
Fixed Assets 3 4 4 4 4 4 4 3 4 4 3
Other Non-Current Assets 0 1 1 1 1 1 1 1 1 2 4
Total Current Assets 7 8 8 11 15 20 35 32 29 25 35
Total Assets 11 12 13 16 20 25 39 35 34 30 42

Balurghat Tech Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 2 2 3 3 2 -3 4 5 6 5
Cash Flow from Operating Activities 0 1 0 -1 -3 -9 -0 3 4 1 -8
Cash Flow from Investing Activities -1 -0 -1 -0 -0 1 0 2 -1 -1 -1
Cash Flow from Financing Activities 1 0 1 2 2 3 7 -3 -2 -1 10
Net Cash Inflow / Outflow 0 1 0 0 -1 -5 7 1 0 -1 0
Closing Cash & Cash Equivalent 2 2 3 3 2 -3 4 5 6 5 5

Balurghat Tech Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.39 0.36 0.31 0.43 0.46 1.12 -0.52 0.57 0.78 1.19 1.21
CEPS(Rs) 0.49 0.47 0.47 0.64 0.67 1.37 -0.26 0.8 0.99 1.35 1.35
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 3.51 3.86 4.17 4.6 5.06 6.18 10 9.94 9.94 8.43 9.64
Core EBITDA Margin(%) 2.54 2.69 2.85 3.26 3.61 3.59 1.37 2.28 4.81 4.97 4.65
EBIT Margin(%) 2.41 2.53 2.73 2.72 3.13 4.06 1.09 4.86 4.82 4.94 4.81
Pre Tax Margin(%) 2.1 1.97 1.99 2.02 2.06 2.57 -0.93 2.23 3.05 3.68 3.42
PAT Margin (%) 1.66 1.63 1.42 1.55 1.47 1.98 -0.98 1.61 2.11 2.62 2.42
Cash Profit Margin (%) 2.08 2.13 2.12 2.34 2.16 2.43 -0.49 2.26 2.67 2.96 2.71
ROA(%) 6.6 5.42 4.27 5.08 4.46 8.75 -2.85 2.69 3.96 6.5 5.8
ROE(%) 11.86 9.73 7.78 9.76 9.5 19.97 -6.45 5.72 7.86 13.01 13.41
ROCE(%) 13.71 11.66 11.15 11.58 12.26 22.42 3.68 9.19 10.42 14.55 13.44
Receivable days 38.38 40.29 39.29 40.93 60.12 61.14 83.78 115.05 97.18 80.15 97.39
Inventory Days 2.74 2.3 2.7 2.28 2.02 0.87 0 0 0 0 0
Payable days 24.98 27.65 27.97 17.09 31.37 33.49 27.34 0 0 0 0
PER(x) 5.97 7.92 7.93 8.57 10.35 3.82 0 16.83 14.66 18.22 14.78
Price/Book(x) 0.67 0.74 0.59 0.8 0.94 0.69 0.88 0.97 1.15 2.58 1.86
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.1 0.12 0.12 0.16 0.24 0.21 0.31 0.41 0.4 0.55 0.53
EV/Core EBITDA(x) 3.61 3.8 3.42 4.55 6.23 5.5 19.43 8.02 7.46 10.36 10.48
Net Sales Growth(%) 9.58 -7.33 0.14 25.44 13.6 80.65 -6.08 -33.38 4.7 23.01 9.68
EBIT Growth(%) 12.18 -2.75 8.1 24.97 30.8 134.06 -74.86 198.38 3.8 25.98 6.9
PAT Growth(%) 5.35 -8.87 -12.8 37.01 7.14 144.61 -146.53 209.25 36.93 52.9 1.38
EPS Growth(%) 5.34 -8.87 -12.8 37 7.15 144.62 -146.53 209.25 36.93 52.91 1.39
Debt/Equity(x) 0.3 0.28 0.39 0.55 0.75 0.88 0.97 0.79 0.66 0.71 1.22
Current Ratio(x) 2.79 2.18 3.83 3 2.33 4.68 2.85 3.39 2.57 2.09 1.63
Quick Ratio(x) 2.72 2.1 3.71 2.91 2.29 4.64 2.85 3.39 2.57 2.09 1.63
Interest Cover(x) 7.73 4.49 3.69 3.86 2.92 2.74 0.54 1.85 2.72 3.94 3.45
Total Debt/Mcap(x) 0.43 0.37 0.63 0.66 0.76 1.21 1.06 0.78 0.55 0.26 0.63

Balurghat Tech Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 33.63 33.63 33.63 33.63 33.63 33.63 33.51 33.51 33.45 33.45
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 66.37 66.37 66.37 66.37 66.37 66.37 66.49 66.49 66.55 66.55
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Balurghat Tech News

Balurghat Tech Pros & Cons

Pros

Cons

  • Promoter holding is low: 33.45%.
  • Company has a low return on equity of 11% over the last 3 years.
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