---
title: "Balaji Phosphates Ltd (BALAJIPHOS) — Share Price, Financials & Analysis"
symbol: "BALAJIPHOS"
company: "Balaji Phosphates Ltd"
canonical: "https://tapetide.com/stocks/BALAJIPHOS"
isin: "INE0PQ601019"
nse_symbol: "BALAJIPHOS"
sector: "Chemicals"
industry: "Fertilizers"
market_cap_cr: 275.81
generated_at: "2026-09-13T19:04:17.989Z"
---

# Balaji Phosphates Ltd (BALAJIPHOS)

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

## Company

- **NSE Symbol:** BALAJIPHOS
- **ISIN:** INE0PQ601019
- **Sector:** Chemicals
- **Industry:** Fertilizers
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2025-03-07
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** balajiphosphates.com

## About

Incorporated in 1996, Balaji Phosphates Limited manufactures and supplies Single Super Phosphate (SSP), NPK Granulated and Mixed Fertilizers, and Zinc Sulphate.[1]

## Latest Price

- **Price:** ₹116
- **Change:** 0 (0%)
- **Open:** ₹116
- **Day High:** ₹116
- **Day Low:** ₹116
- **Previous Close:** ₹116
- **Volume:** 2000
- **As Of:** 2026-09-11T05:12:37+00:00

## Key Fundamentals

Observed at 2026-09-11T04:41:09.952018Z.

- **Market Cap:** ₹275.81 Cr
- **Classification:** SME
- **P/E (reported):** 27
- **Book Value:** ₹38.13
- **Price to Book:** 3.04
- **Dividend Yield:** 0%
- **ROE:** 9.89%
- **ROCE:** 16.79%
- **Debt to Equity:** 0.46
- **Revenue (yearly):** ₹170.47 Cr
- **Net Income:** ₹10.23 Cr
- **EBITDA:** ₹18.99 Cr
- **52-Week High:** ₹172.8
- **52-Week Low:** ₹78.8
- **RSI (14):** 65.83

## Tapetide Score

- **Score:** 55 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Flat
- **Percentile:** 70.1 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 54.75 | 9% |
| growth | 78.79 | 9% |
| momentum | 53.33 | 12% |
| ownership | 67.46 | 24% |
| quality | 66.58 | 22% |
| valuation | 34.19 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 48.4% CAGR over last 5 years

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.7% over past five years.
- Company has a low return on equity of 13.8% over last 3 years.
- Debtor days have increased from 116 to 145 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -947.13% | -903.86% | -611.8% |
| ebitda margin growth | -6.88% | 37.59% | 64.05% |
| net income growth | 29.49% | 19% | 48% |
| revenue growth | 32.56% | 6% | 11% |
| roce | -37.91% | -42.5% | 22.29% |
| roe | -42.7% | 16.06% | 50.99% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 55 | 62 | 64 | 85 | 86 |
| Expenses | 52 | 56 | 57 | 72 | 79 |
| Operating Profit | 3 | 6 | 7 | 13 | 6 |
| OPM % | 6 | 10 | 11 | 15 | 7 |
| Other Income | 0 | 2 | 0 | 1 | 0 |
| Interest | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 1 | 6 | 5 | 11 | 4 |
| Tax % | 30 | 24 | 27 | 26 | 47 |
| Net Profit | 1 | 4 | 4 | 8 | 2 |
| EPS in Rs | 0.49 | 2.43 | 1.51 | 3.39 | 0.92 |

### Profit & Loss

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 59 | 103 | 127 | 145 | 152 | 127 | 170 |
| Expenses | 52 | 98 | 120 | 133 | 139 | 113 | 151 |
| Operating Profit | 7 | 5 | 8 | 12 | 12 | 13 | 19 |
| OPM % | 12 | 4.9 | 6 | 8 | 8 | 11 | 11 |
| Other Income | 1 | 0 | 1 | 0 | 0 | 2 | 1 |
| Interest | 2 | 2 | 3 | 3 | 3 | 4 | 4 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | 2 | 5 | 8 | 8 | 11 | 15 |
| Tax % | 43 | 45 | 30 | 26 | 28 | 26 | 32 |
| Net Profit | 3 | 1 | 3 | 6 | 6 | 8 | 10 |
| EPS in Rs | — | 2.27 | 5.43 | 6.83 | 3.39 | 3.33 | 4.3 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 8 | 6 | 6 | 9 | 18 | 24 | 24 |
| Reserves | 11 | 15 | 18 | 20 | 17 | 56 | 67 |
| Borrowings | 14 | 20 | 20 | 26 | 33 | 31 | 42 |
| Other Liabilities | 26 | 32 | 40 | 42 | 20 | 13 | 30 |
| Total Liabilities | 59 | 72 | 83 | 97 | 88 | 124 | 163 |
| Fixed Assets | 8 | 13 | 13 | 12 | 12 | 12 | 12 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 12 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 52 | 59 | 70 | 85 | 77 | 111 | 139 |
| Total Assets | 59 | 72 | 83 | 97 | 88 | 124 | 163 |

### Cash Flow

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 6 | 7 | 3 | -4 | -3 | -36 | 5 |
| Cash from Investing Activity | 0 | -7 | -1 | 0 | -1 | 5 | -13 |
| Cash from Financing Activity | -6 | 1 | -2 | 4 | 4 | 31 | 8 |
| Net Cash Flow | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 6 | 14 | 3 | -4 | -4 | -39 | -8 |
| CFO/OP | 108 | 159 | 55 | -21 | -9 | -238 | 30 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 149 | 93 | 82 | 76 | 75 | 129 | 145 |
| Inventory Days | 196 | 116 | 94 | 152 | 106 | 173 | 186 |
| Days Payable | 169 | 125 | 60 | 70 | 33 | 31 | 62 |
| Cash Conversion Cycle | 175 | 83 | 116 | 157 | 148 | 271 | 270 |
| Working Capital Days | 102 | 48 | 50 | 58 | 67 | 174 | 152 |
| ROCE % | — | 12 | 17 | 22 | 19 | 16 | 15 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 100% | 69.9% | 69.9% | 69.9% |
| FIIs | 0% | 3.55% | 3.54% | 3.54% |
| DIIs | 0% | 0% | 0% | 0.11% |
| Government | 0% | 0% | 0% | 0% |
| Public | 0% | 10.3% | 7.45% | 7.32% |
| Others | 0% | 16.26% | 19.11% | 19.12% |
| No. of Shareholders | 7 | 1492 | 347 | 392 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 4 / 3

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 109.41 | Buy |
| EMA (10) | 108.4 | Buy |
| SMA (20) | 99.46 | Buy |
| EMA (20) | 102.76 | Buy |
| SMA (50) | 93.83 | Buy |
| EMA (50) | 98.33 | Buy |
| SMA (100) | 98.32 | Buy |
| EMA (100) | 102.41 | Buy |
| SMA (200) | 116.26 | Sell |
| EMA (200) | 111.94 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 65.83 | Neutral |
| MACD (12,26,9) | 6.18 | Buy |
| Stochastic (14,3,3) | 81.72 | Sell |
| ADX (14) | 33.98 | Buy |
| Williams %R (14) | -15.94 | Sell |
| ATR (14) | 5.39 | High Volatility |
| ROC (12) | 28.75 | Buy |
| Stoch RSI (14) | 58.9 | Neutral |
| UO (7,14,28) | 48.44 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 July 2026 - Regulation 74(5) certificate submitted for quarter ended 30 June 2026; no physical share certificates received. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 July 2026 - Regulation 74(5) certificate submitted for quarter ended 30 June 2026; no physical share certificates received.](https://nsearchives.nseindia.com/corporate/BALAJIPHOSPHATES_09072026191727_Certificate_of_Regulation_74_5_.pdf) |
| 9 January 2026 - Regulation 74(5) certificate filed for quarter ended 31 December 2025; no physical share certificates received. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 January 2026 - Regulation 74(5) certificate filed for quarter ended 31 December 2025; no physical share certificates received.](https://nsearchives.nseindia.com/corporate/BALAJIPHOSPHATES_09012026181918_Reg_74.pdf) |
| 9 January 2026 - Reg 57(5) not applicable for quarter ended 31 Dec 2025; no non-convertible securities payable. | [Updates 9 January 2026 - Reg 57(5) not applicable for quarter ended 31 Dec 2025; no non-convertible securities payable.](https://nsearchives.nseindia.com/corporate/BALAJIPHOSPHATES_09012026181430_Reg_57__5_.pdf) |
| 9 January 2026 - Compliance certificate confirming Structured Digital Database for UPSI for quarter ended 31 Dec 2025; one event captured. | [Structural Digital Database 9 January 2026 - Compliance certificate confirming Structured Digital Database for UPSI for quarter ended 31 Dec 2025; one event captured.](https://nsearchives.nseindia.com/corporate/BALAJIPHOSPHATES_09012026182149_BALAJI_SDD.pdf) |
| 9 Feb - Transcript of Earnings Call for Un-Audited Financial Results for the quarter and nine months ended 31st December, 2025 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 9 Feb - Transcript of Earnings Call for Un-Audited Financial Results for the quarter and nine months ended 31st December, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6d89cf54-a19d-40d9-a94e-7588dd3529a6.pdf) |
| 6 July 2026 - Balaji Phosphates Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 | [Trading Window 6 July 2026 - Balaji Phosphates Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015](https://nsearchives.nseindia.com/corporate/BALAJIPHOSPHATES_06072026201433_Trading_Window_Closure.pdf) |
| 4 Sep - 30th AGM on 26 Sept 2026; book closure 18-26 Sept; e-voting details published. | [Copy of Newspaper Publication 4 Sep - 30th AGM on 26 Sept 2026; book closure 18-26 Sept; e-voting details published.](https://nsearchives.nseindia.com/corporate/BALAJIPHOSPHATES_04092026164807_Newspaper_Advertisment_Final.pdf) |
| 4 February 2026 - Clarification to NSE: single operating segment; consolidated financials include subsidiary; segment bifurcation attached. | [Reply to Clarification- Financial results 4 February 2026 - Clarification to NSE: single operating segment; consolidated financials include subsidiary; segment bifurcation attached.](https://nsearchives.nseindia.com/corporate/BALAJIPHOSPHATES_27012026191151_Clarification.pdf) |
| 4 Feb - Of investor conference scheduled on 9th February, 2026, 11th February, 2026 and 17th February, 2026 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 4 Feb - Of investor conference scheduled on 9th February, 2026, 11th February, 2026 and 17th February, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/71ffb48a-a327-4547-a7ac-ee75a6470cda.pdf) |
| 31 March 2026 - Trading window closed from 1 Apr 2026 until 48 hours after results for period ended 31 Mar 2026. | [Trading Window 31 March 2026 - Trading window closed from 1 Apr 2026 until 48 hours after results for period ended 31 Mar 2026.](https://nsearchives.nseindia.com/corporate/BALAJIPHOSPHATES_31032026150005_trading_window_closure.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6c7e4e0b-b8f1-43ed-8649-0f0d668bc22f.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f537bf5c-6836-4d52-9c32-cc2ca070e719.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/88530282-74b2-461a-8955-9dbeb123ed13.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ab2d0920-41ad-4281-8f17-1659fd89f9c1.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1bc875f5-006b-40d2-8510-33f5bf908373.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28809_BALAJIPHOS_2024_2025_A_5725625_06092025185222.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aeaa2f79-062e-4706-b818-f210b6ab6e65.pdf) |

---

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 2026-09-13T19:04:17.989Z.