BALAJIPHOS
Balaji Phos. financials
- Market cap
- ₹276 Cr
- Sector
- Chemicals
What Balaji Phos. does
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.)
Quarterly results
Q4 FY26: revenue up 56.4%, net profit up 100.0% against the same quarter last year.
| Line item | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|
| Revenue | 55 | 62 | 64 | 85 | 86 +56% |
| EBITDA | 3 | 6 | 7 | 13 | 6 +100% |
| Net profit | 1 | 4 | 4 | 8 | 2 +100% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −30.7% 1Y
1Y: ₹167.45 on 10 Sept 2025 → ₹116. High ₹172.8 (15 Sept 2025), low ₹87.15 (19 Jun 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹6 Cr | ₹6 Cr | ₹9 Cr | ₹18 Cr | ₹24 Cr | ₹24 Cr |
| Reserves | ₹15 Cr | ₹18 Cr | ₹20 Cr | ₹17 Cr | ₹64 Cr | ₹67 Cr |
| Borrowings | ₹20 Cr | ₹20 Cr | ₹26 Cr | ₹33 Cr | ₹40 Cr | ₹42 Cr |
| Other liabilities | ₹32 Cr | ₹40 Cr | ₹42 Cr | ₹20 Cr | ₹24 Cr | ₹30 Cr |
| Total liabilities | ₹72 Cr | ₹83 Cr | ₹97 Cr | ₹88 Cr | ₹152 Cr | ₹163 Cr |
| Fixed assets | ₹13 Cr | ₹13 Cr | ₹12 Cr | ₹12 Cr | ₹13 Cr | ₹12 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹6 Cr | ₹12 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹59 Cr | ₹70 Cr | ₹85 Cr | ₹77 Cr | ₹134 Cr | ₹139 Cr |
| Total assets | ₹72 Cr | ₹83 Cr | ₹97 Cr | ₹88 Cr | ₹152 Cr | ₹163 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, the public added +1.25 pp while DIIs trimmed −1.24 pp. The shareholder count shrank 33% to 392.
- Promoters
- 69.9%
- FIIs
- 3.5%
- DIIs
- 0.1%
- Public
- 26.4%
Since Mar 2025
- Public +1.25 pp
- DIIs −1.24 pp
- FIIs −0.01 pp
How it drifted, 3 quarters
Over this window the public went from 25.2% to 26.4% — +1.3 pp.
Ownership split by quarter, oldest first. Mar '25: Promoters 69.9%, FIIs 3.5%, DIIs 1.4%, Public 25.2%.Sep '25: Promoters 69.9%, FIIs 3.5%, DIIs 0.8%, Public 25.8%.Mar '26: Promoters 69.9%, FIIs 3.5%, DIIs 0.1%, Public 26.4%.
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.
- Gretex Share Broking Private Limited +2.56 pp 4.92% held
- Nnm Securities +2.01 pp 8.00% held
- Rekha Agrawal newly disclosed 0.01% held
- Nipun Airen newly disclosed 0.00% held
- Pulkit Airen newly disclosed 0.00% held
- Sarla Goyal newly disclosed 0.00% held
- Komal Bai Gupta newly disclosed 0.00% held
- Manisha Laad newly disclosed 0.00% 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 |
|---|---|---|
| Mohit Airen | 27.67% | unchanged |
| Alok Gupta | 22.02% | unchanged |
| Nnm Securities | 8.00% | +2.01 pp |
| Mohit Airen Huf | 7.70% | unchanged |
| Sonu Airen | 6.00% | unchanged |
| Gretex Share Broking Private Limited | 4.92% | +2.56 pp |
| Alok Gupta Huf | 3.86% | unchanged |
| Meenakshi Gupta | 2.65% | unchanged |
| Astorne Capital Vcc - Alpha A2 FPI fund | 2.34% | unchanged |
| Firm | 1.26% | unchanged |
| Eminence Global Fund Pcc- Eubilia Capital Partners Fund I FPI fund | 1.20% | unchanged |
| Rekha Agrawal | 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.
Learn to analyse Balaji Phos.
Guides on how to read this kind of business and the numbers that matter.