Balaji Phos. share price & results
- Mar 2026
- Mar 2026
Indore (Madhya Pradesh)-based company operating in India's phosphatic fertilizer industry, incorporated in 1996 as Balaji Phosphates Private Limited.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 65.0 | +35.4% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 7.0 | −7.0 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 1.0 | −66.7% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | −2.2 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -4.32 | +25.9 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | +50.3 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −23.2% 1Y
1Y: ₹136.8 on 24 Oct 2025 → ₹105. High ₹149 (16 Mar 2026), low ₹87.15 (19 Jun 2026).
- Previous close
- ₹105
- Market cap
- ₹253 Cr
- 52-week range
- ₹87.15 – ₹149
- One year
- −19.23%
- Price to earnings (FY ending Mar 2026)
- 25.33×
- Return on equity (FY ending Mar 2026)
- 11.68%
Overview
- Symbol
- NSE:BALAJIPHOS
- Sector
- Chemicals
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What Balaji Phos. does
Based on the company's own presentations, annual report and earnings calls.
Balaji Phosphates Limited was originally incorporated as Balaji Phosphates Private Limited on April 4, 1996, and was converted to a public limited company in 2023. It is headquartered in Indore, Madhya Pradesh. The company's own risk disclosures tie its business directly to changes in government policy for the fertilizer industry, and its filings use terminology specific to phosphatic fertilizers (Single Superphosphate, NPK, MAP, rock phosphate, phospho-gypsum and speciality plant nutrients). It has one subsidiary, Jyoti Weighing Systems Private Limited.
- Subsidiaries
- 1 (Jyoti Weighing Systems Pvt. Ltd.)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: −67% (quarter to mar 2026 against mar 2025).
| Line item | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 35 | 51 | 48 | 70 | 65 |
| Expenses | 33 | 45 | 41 | 58 | 60 |
| Operating profit | 2 | 6 | 7 | 12 | 5 |
| Operating margin | 7.0% | 11.0% | 14.0% | 17.0% | 7.0% |
| Other income | 0 | 2 | 0 | 1 | 0 |
| Interest | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 0 | 5 | 4 | 11 | 3 |
| Tax rate | 38.0% | 24.0% | 27.0% | 26.0% | 48.0% |
| Net profit | 0 | 4 | 3 | 8 | 1 |
| EPS (₹ per share) | 0.17 | 2.29 | 1.35 | 3.37 | 0.60 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 6 | 9 | 18 | 24 | 24 | 24 |
| Reserves | 17 | 19 | 16 | 54 | 64 | 64 |
| Borrowings | 20 | 26 | 33 | 28 | 40 | 36 |
| Other liabilities | 35 | 38 | 17 | 10 | 24 | 24 |
| Total liabilities | 77 | 92 | 83 | 116 | 152 | 148 |
| Fixed assets | 7 | 6 | 6 | 6 | 13 | 7 |
| Capital work in progress | 0 | 0 | 0 | 1 | 6 | 10 |
| Investments | 8 | 8 | 8 | 8 | 0 | 8 |
| Other assets | 63 | 78 | 69 | 101 | 134 | 123 |
| Total assets | 77 | 92 | 83 | 116 | 152 | 148 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 8 | 2 | -2 | 3 | -33 | 7 |
| Cash from investing | -9 | 0 | 0 | -8 | 4 | -12 |
| Cash from financing | 1 | -2 | 3 | 4 | 29 | 5 |
| Net cash flow | 0 | 0 | 1 | -1 | 0 | 0 |
| Free cash flow | 9 | 2 | -2 | 2 | -35 | -4 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 124 | 101 | 86 | 88 | 155 | 170 |
| Inventory days | 145 | 116 | 184 | 118 | 188 | 198 |
| Days payable | 161 | 73 | 83 | 36 | 35 | 66 |
| Cash conversion cycle | 108 | 143 | 188 | 170 | 309 | 302 |
| Working capital days | 63 | 67 | 69 | 77 | 211 | 178 |
| Return on capital employed | 11.0% | 16.0% | 22.0% | 17.0% | 16.0% | 15.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Fertilisers contributes 79.5% of reported segment revenue.
Year ended 31 Mar 2026 · Consolidated
- Fertilisers 79.5%
₹135.48 crore
- Weighing Bridge, Spare parts & Maintanance 20.5%
₹35.00 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Fertilisers | 135.48 | 79.5% |
| Weighing Bridge, Spare parts & Maintanance | 35.00 | 20.5% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹170.47 crore
- Intersegment adjustment
- Not reported
- Net segment revenue
- ₹170.47 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Ownership
Who owns it
Promoters hold 69.90% as of Mar 2026; institutions cut 0.66 pts since Sept 2025.
- Promoters 69.90%
- Foreign institutions 3.54%
- Domestic institutions 0.11%
- Public 26.45%
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- +2.56 pp 4.92% held
- +2.01 pp 8.00% held
- newly disclosed 0.01% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Balaji Phos. above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| 27.67% | unchanged | |
| 22.02% | unchanged | |
| 8.00% | +2.01 pp | |
| 7.70% | unchanged | |
| 6.00% | unchanged | |
| 4.92% | +2.56 pp | |
| 3.86% | unchanged | |
| 2.65% | unchanged | |
| FPI fund | 2.34% | unchanged |
| 1.26% | unchanged | |
| FPI fund | 1.20% | unchanged |
| 0.01% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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