---
title: "Balsara Hygiene Products Ltd(merged) (504338) — Share Price, Financials & Analysis"
symbol: "504338"
company: "Balsara Hygiene Products Ltd(merged)"
canonical: "https://tapetide.com/stocks/504338"
bse_code: "504338"
generated_at: "2026-10-13T10:58:46.088Z"
---

# Balsara Hygiene Products Ltd(merged) (504338)

Canonical page: https://tapetide.com/stocks/504338

## Company

- **BSE Code:** 504338
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** balsara.com

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 24.82 | 28.42 | 11.32 | 11.54 | 7.41 | 10.8 | 12.07 | 12.36 | 10.28 | 10.44 |
| Expenses | 19.41 | 19.41 | 12.06 | 10.8 | 7.91 | 9.97 | 8.44 | 7.89 | 10.49 | 8.33 |
| Operating Profit | 5.41 | 9.01 | -0.74 | 0.74 | -0.5 | 0.83 | 3.63 | 4.47 | -0.21 | 2.11 |
| OPM % | 21.8 | 31.7 | -6.54 | 6.41 | -6.75 | 7.69 | 30.07 | 36.17 | -2.04 | 20.21 |
| Other Income | 0.04 | 0.04 | 0.09 | 0.06 | 3.06 | 2.61 | 1.61 | 0.07 | 4.2 | 0.9 |
| Interest | 1.43 | 1.43 | 1.23 | -0.17 | 3.17 | 1.46 | 1.45 | 1.02 | 0.7 | 0.63 |
| Depreciation | 1.45 | 1.45 | 1.44 | 1.44 | 1.49 | 1.47 | 1.45 | 1.58 | 1.37 | 1.46 |
| Profit before tax | 2.57 | 6.17 | -3.32 | -0.47 | -2.1 | 0.51 | 2.34 | 1.94 | 1.92 | 0.92 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 17.65 | 17.09 | 16.49 | 14.58 | 15.22 |
| Net Profit | 2.57 | 6.17 | -3.33 | -0.47 | -2.1 | 0.42 | 1.93 | 1.62 | 1.65 | 0.78 |
| EPS in Rs | 1.43 | 2.64 | -1.42 | -0.2 | -0.9 | 0.18 | 0.82 | 0.69 | 0.71 | 0.33 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 |
| --- | --- |
| Sales | 1.69 |
| Expenses | 1.1 |
| Operating Profit | 0.59 |
| OPM % | 34.91 |
| Other Income | -0.08 |
| Interest | 0.03 |
| Depreciation | 0.41 |
| Profit before tax | 0.07 |
| Tax % | 571.43 |
| Net Profit | -0.33 |
| Dividend Payout % | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 |
| --- | --- |
| Equity Capital | 3.88 |
| Reserves | 11.64 |
| Borrowings | 0 |
| Other Liabilities | 4.24 |
| Total Liabilities | 19.76 |
| Fixed Assets | 5.09 |
| CWIP | 0 |
| Investments | 7.32 |
| Other Assets | 7.35 |
| Total Assets | 19.76 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 |
| --- | --- |
| Cash from Operating Activity | 0.1 |
| Cash from Investing Activity | 0.03 |
| Cash from Financing Activity | -0.03 |
| Net Cash Flow | 0.1 |
| Free Cash Flow | 0.12 |
| CFO/OP | 136 |

### Ratios

| Item | Mar 2006 |
| --- | --- |
| Debtor Days | 0 |
| Cash Conversion Cycle | 0 |
| Working Capital Days | 730 |

## Shareholding Pattern

### annual

| Category | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 61.28% | 61.28% | 61.28% | 61.28% | 61.34% |
| Public | 38.72% | 38.72% | 38.71% | 38.72% | 38.68% |
| No. of Shareholders | 3245 | 2435 | 1641 | 1174 | 1172 |

### Quarterly

| Category | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 61.28% | 61.28% | 61.28% | 61.28% | 61.28% | 61.28% | 61.28% | 61.28% | 61.34% |
| Public | 38.72% | 38.72% | 38.71% | 38.72% | 38.73% | 38.71% | 38.71% | 38.72% | 38.68% |
| No. of Shareholders | 2771 | 3245 | 3171 | 2435 | 2066 | 1641 | 1244 | 1174 | 1172 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-01-14 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1e3592e3-1dbe-463f-a9c6-8bf28ce7be59.pdf) |
| 2026-01-14 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/17239841-1259-4686-8a75-c5847b61739c.pdf) |
| 2025-11-10 | [Board Meeting Outcome for Outcome Of Board Meeting - Financial Result](https://www.bseindia.com/xml-data/corpfiling/AttachHis/20af9317-808e-4b7e-9d09-a4a3dd6b2b69.pdf) |
| 2025-11-10 | [Results - Financial Result For Half Year Ended 30 September 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a8779578-cd2c-4e63-a8f0-a1ced81e6d26.pdf) |
| 2025-11-05 | [Board Meeting Intimation for Unaudited Financial Results](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5adc1827-34cb-4626-9842-54c71a795ac8.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/04deca59-8d1b-4c62-86c9-03de6699daa1.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/039842d3-b601-417f-81d3-0364e0799b20.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2b3f8344-043a-40b4-bf03-5770f71d8e73.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/13fc2390-27c4-4daa-89f9-625a3c4caaeb.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-03-21 | Credit rating update — CRISIL |
| 2024-02-29 | Credit rating update — CRISIL |
| 2022-12-30 | Credit rating update — CRISIL |
| 2021-10-13 | Credit rating update — CRISIL |
| 2020-07-15 | Credit rating update — CRISIL |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:58:46.088Z.