WEBSITE BSE:544249 NSE: BALAJEE Inc. Year: 2001 Industry: Plastic Products My Bucket: Add Stock
Last updated: 15:47
No Notes Added Yet
1. Business Overview
Shree Tirupati Balajee Agro Trading Company Ltd (BALAJEE) is an Indian company primarily operating in the Plastic Products sector. While its name suggests a historical or complementary focus on agro-trading, the core business as per its classification is in plastic products. The company likely engages in the manufacturing, trading, or distribution of various plastic items. Its business model would typically involve sourcing raw materials (polymers), processing them into finished plastic goods, or acquiring finished goods from manufacturers for sale to end-users or other businesses. How it makes money would be through the sale of these plastic products, with margins derived from manufacturing efficiency, trading arbitrage, or distribution markups.
2. Key Segments / Revenue Mix
Specific details regarding the company's key business segments or a detailed revenue mix are not publicly available. Given its classification, its revenue is primarily derived from the sale of plastic products. Without further information, it is difficult to ascertain if it specializes in a particular type of plastic product (e.g., packaging, industrial components, agricultural plastics) or caters to specific end-user industries.
3. Industry & Positioning
The company operates within the broad and diverse Plastic Products industry in India. This industry is characterized by significant fragmentation, with a large number of small and medium-sized enterprises (SMEs) alongside a few large players. Demand is driven by sectors like packaging, automotive, construction, consumer goods, and agriculture. Given the lack of extensive public information and the company's "trading" designation, Shree Tirupati Balajee Agro Trading Company Ltd is likely a smaller participant within this competitive landscape, possibly operating in niche areas, or focusing on trading and distribution rather than large-scale integrated manufacturing. Its positioning would be against numerous local and regional competitors.
4. Competitive Advantage (Moat)
Based on the available information, there is no clear evidence of a strong, durable competitive advantage or "moat" for Shree Tirupati Balajee Agro Trading Company Ltd. Many smaller companies in fragmented industries struggle to build strong moats. Potential, but unconfirmed, advantages could include efficient local distribution networks, strong relationships with specific suppliers or customers, cost-effective sourcing of raw materials, or specialized product expertise. However, these are often not robust enough to be considered a significant, long-term moat.
5. Growth Drivers
Key factors that could drive growth for Shree Tirupati Balajee Agro Trading Company Ltd over the next 3-5 years include:
Growing Domestic Demand: India's rising disposable incomes, urbanization, and increasing consumption drive demand for plastic products across various sectors (packaging, consumer durables).
Infrastructure Development: Government initiatives in infrastructure (construction, irrigation) contribute to demand for plastic pipes, fittings, and other construction-related plastic items.
Agricultural Sector Demand: Modernization of agriculture and demand for efficient irrigation systems, protective covers, and packaging for produce could drive demand for specific plastic products, potentially aligning with the "Agro" aspect of the company's name.
Substitution of Traditional Materials: Plastics continue to replace traditional materials in various applications due to their versatility, lower cost, and lighter weight.
Expansion of Distribution/Product Portfolio: For a trading company, expanding its network, adding new product lines, or entering new geographical markets could be significant growth avenues.
6. Risks
Key business risks for Shree Tirupati Balajee Agro Trading Company Ltd include:
Raw Material Price Volatility: Plastic products are derivatives of crude oil. Fluctuations in crude oil prices and polymer costs can directly impact manufacturing costs and profitability.
Environmental Regulations: Increasing public and governmental scrutiny on plastic waste management, single-use plastic bans, and stricter recycling mandates pose regulatory and operational challenges.
Intense Competition: The Indian plastic products industry is highly competitive, leading to pricing pressure and potential margin erosion.
Economic Slowdown: A general economic downturn can reduce demand for plastic products across various end-use industries.
Supply Chain Disruptions: As a trading or manufacturing entity, the company is susceptible to disruptions in the supply of raw materials or finished goods.
Working Capital Management: Especially for a trading company, efficient management of inventory and receivables is crucial to maintain liquidity.
7. Management & Ownership
Specific details regarding the management team, their experience, or a detailed ownership structure are not readily available in public domains for this company. Like many Indian enterprises, it is likely promoter-driven, meaning a founding family or a group of individuals holds a significant controlling stake. Without further information, it is not possible to assess the quality of governance or management expertise.
8. Outlook
Shree Tirupati Balajee Agro Trading Company Ltd operates in the dynamic Indian plastic products industry, which is poised for growth driven by India's overall economic expansion and increasing consumption. The company stands to benefit from rising demand across various sectors, including packaging, consumer goods, and potentially agriculture. However, the industry is also characterized by intense competition, volatility in raw material prices, and increasing regulatory pressure concerning environmental impact. For a smaller player, navigating these challenges while effectively managing operations, expanding market reach, and potentially developing niche expertise will be crucial. The absence of detailed public information limits a comprehensive assessment of its financial health, strategic direction, and specific competitive strengths.
Our experts help you choose the right stocks based on performance, risk, and growth potential.
Market Cap ₹248 Cr.
Stock P/E 7.7
P/B 0.8
Current Price ₹30.4
Book Value ₹ 36.9
Face Value 10
52W High ₹59.9
Dividend Yield 0%
52W Low ₹ 21
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(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 | 115 | 157 | 182 | 144 | 156 | 143 | 138 | 125 | 143 | 171 |
| Other Income | 2 | 5 | 3 | 2 | 2 | 2 | 10 | 5 | 4 | 2 |
| Total Income | 117 | 162 | 185 | 145 | 158 | 144 | 148 | 131 | 146 | 173 |
| Total Expenditure | 94 | 148 | 162 | 128 | 139 | 126 | 129 | 115 | 136 | 165 |
| Operating Profit | 23 | 14 | 23 | 17 | 19 | 18 | 19 | 16 | 10 | 8 |
| Interest | 5 | 5 | 6 | 5 | 5 | 6 | 5 | 6 | 5 | 6 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 17 | 7 | 15 | 11 | 11 | 11 | 12 | 8 | 3 | 1 |
| Provision for Tax | 4 | 2 | 4 | 3 | 2 | 3 | 5 | 2 | 1 | 1 |
| Profit After Tax | 13 | 5 | 11 | 8 | 9 | 8 | 7 | 6 | 2 | 1 |
| Adjustments | -4 | -0 | -2 | -1 | -2 | -2 | -1 | -1 | 0 | -0 |
| Profit After Adjustments | 9 | 5 | 9 | 6 | 7 | 6 | 6 | 5 | 2 | 0 |
| Adjusted Earnings Per Share | 1.6 | 0.6 | 1.4 | 1 | 0.9 | 0.8 | 0.7 | 0.6 | 0.3 | 0 |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|
| Net Sales | 344 | 444 | 475 | 540 | 579 | 577 |
| Other Income | 4 | 10 | 3 | 13 | 16 | 21 |
| Total Income | 348 | 454 | 478 | 553 | 595 | 598 |
| Total Expenditure | 315 | 413 | 427 | 478 | 522 | 545 |
| Operating Profit | 34 | 41 | 51 | 75 | 73 | 53 |
| Interest | 13 | 16 | 18 | 21 | 21 | 22 |
| Depreciation | 6 | 7 | 6 | 7 | 8 | 8 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 15 | 17 | 27 | 47 | 45 | 24 |
| Provision for Tax | 3 | 4 | 6 | 11 | 13 | 9 |
| Profit After Tax | 12 | 14 | 21 | 36 | 32 | 16 |
| Adjustments | -3 | -3 | -4 | -7 | -7 | -2 |
| Profit After Adjustments | 9 | 10 | 16 | 29 | 25 | 13 |
| Adjusted Earnings Per Share | 1.6 | 1.7 | 2.8 | 4.4 | 3.1 | 1.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 7% | 9% | 0% | 0% |
| Operating Profit CAGR | -3% | 21% | 0% | 0% |
| PAT CAGR | -11% | 32% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -35% | NA% | NA% | NA% |
| ROE Average | 14% | 20% | 18% | 18% |
| ROCE Average | 14% | 15% | 13% | 13% |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Shareholder's Funds | 82 | 92 | 110 | 173 | 293 |
| Minority's Interest | 23 | 26 | 31 | 38 | 42 |
| Borrowings | 38 | 61 | 52 | 38 | 9 |
| Other Non-Current Liabilities | 6 | 7 | 7 | 6 | 9 |
| Total Current Liabilities | 201 | 206 | 193 | 261 | 237 |
| Total Liabilities | 349 | 392 | 392 | 517 | 591 |
| Fixed Assets | 52 | 58 | 53 | 73 | 86 |
| Other Non-Current Assets | 24 | 40 | 41 | 28 | 10 |
| Total Current Assets | 273 | 294 | 298 | 416 | 495 |
| Total Assets | 349 | 392 | 392 | 517 | 591 |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 20 | 4 | 9 | 5 | 0 |
| Cash Flow from Operating Activities | -17 | -22 | 37 | -26 | -40 |
| Cash Flow from Investing Activities | -27 | -7 | -8 | -11 | 12 |
| Cash Flow from Financing Activities | 27 | 33 | -32 | 33 | 30 |
| Net Cash Inflow / Outflow | -16 | 4 | -4 | -5 | 3 |
| Closing Cash & Cash Equivalent | 4 | 9 | 5 | 0 | 3 |
| # | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.6 | 1.75 | 2.76 | 4.38 | 3.11 |
| CEPS(Rs) | 3.1 | 3.56 | 4.49 | 6.43 | 4.89 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 13.97 | 15.78 | 18.66 | 25.93 | 35.93 |
| Core EBITDA Margin(%) | 8.5 | 6.96 | 10.12 | 11.47 | 9.95 |
| EBIT Margin(%) | 7.99 | 7.51 | 9.47 | 12.63 | 11.33 |
| Pre Tax Margin(%) | 4.32 | 3.9 | 5.7 | 8.79 | 7.75 |
| PAT Margin (%) | 3.5 | 3.08 | 4.36 | 6.68 | 5.54 |
| Cash Profit Margin (%) | 5.26 | 4.69 | 5.58 | 7.97 | 6.88 |
| ROA(%) | 3.45 | 3.69 | 5.28 | 7.93 | 5.79 |
| ROE(%) | 14.74 | 15.72 | 20.47 | 25.45 | 13.76 |
| ROCE(%) | 10.07 | 11.03 | 13.51 | 18.15 | 14.42 |
| Receivable days | 49.73 | 39.05 | 38.1 | 48.67 | 62.25 |
| Inventory Days | 189.89 | 153.29 | 151.86 | 153.38 | 176.66 |
| Payable days | 67.75 | 35.4 | 15.13 | 21.1 | 30.91 |
| PER(x) | 0 | 0 | 0 | 0 | 14.2 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 1.23 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.53 | 0.52 | 0.45 | 0.56 | 0.96 |
| EV/Core EBITDA(x) | 5.48 | 5.68 | 4.24 | 4.03 | 7.55 |
| Net Sales Growth(%) | 0 | 29.21 | 7.04 | 13.51 | 7.36 |
| EBIT Growth(%) | 0 | 21.5 | 34.88 | 51.41 | -3.68 |
| PAT Growth(%) | 0 | 13.55 | 51.68 | 74.11 | -11.03 |
| EPS Growth(%) | 0 | 8.85 | 58.14 | 58.71 | -29.04 |
| Debt/Equity(x) | 2.34 | 2.6 | 2.03 | 1.41 | 0.68 |
| Current Ratio(x) | 1.36 | 1.43 | 1.54 | 1.59 | 2.09 |
| Quick Ratio(x) | 0.47 | 0.49 | 0.5 | 0.63 | 0.79 |
| Interest Cover(x) | 2.18 | 2.08 | 2.51 | 3.29 | 3.16 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0.56 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoter | 65.42 | 65.42 | 65.42 | 65.42 | 65.42 | 65.42 | 65.42 | 65.42 |
| FII | 4.45 | 3.65 | 2.09 | 0.78 | 0.23 | 0.02 | 0.01 | 0.1 |
| DII | 6.78 | 3.99 | 1.83 | 1.79 | 1.02 | 1.02 | 0.69 | 0.48 |
| Public | 23.34 | 26.94 | 30.66 | 32.01 | 33.33 | 33.54 | 33.87 | 34 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoter | 5.34 | 5.34 | 5.34 | 5.34 | 5.34 | 5.34 | 5.34 | 5.34 |
| FII | 0.36 | 0.3 | 0.17 | 0.06 | 0.02 | 0 | 0 | 0.01 |
| DII | 0.55 | 0.33 | 0.15 | 0.15 | 0.08 | 0.08 | 0.06 | 0.04 |
| Public | 1.9 | 2.2 | 2.5 | 2.61 | 2.72 | 2.74 | 2.76 | 2.77 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8.16 | 8.16 | 8.16 | 8.16 | 8.16 | 8.16 | 8.16 | 8.16 |
* The pros and cons are machine generated.
You May Also Know About
Looking to buy unlisted shares or need guidance on the investment process? Our expert Private Equity Advisors are here to assist you with accurate information, real-time pricing, and seamless execution.
Want to sell unlisted shares, liquidate your ESOPs, or understand the step-by-step process of liquidation? Connect with our Buying Team for smooth coordination, quick evaluations, and end-to-end support.
Planning to build or grow your portfolio? For Mutual Fund investments, PMS solutions, tailored portfolio creation, and overall wealth management, our dedicated Wealth Team is ready to guide you.