---
title: "Shri Ramrupai Balaji Steels Ltd(merged) (BALASTEELS) — Share Price, Financials & Analysis"
symbol: "BALASTEELS"
company: "Shri Ramrupai Balaji Steels Ltd(merged)"
canonical: "https://tapetide.com/stocks/BALASTEELS"
generated_at: "2026-10-13T10:59:42.733Z"
---

# Shri Ramrupai Balaji Steels Ltd(merged) (BALASTEELS)

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

## Company

- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** jaibalajigroup.com

## Latest Price

## Key Insights

### Weaknesses

- Earnings include an other income of Rs.12.6 Cr.

## Financial Statements

### Quarterly Results

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

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 81 | 71 | 50 | 72 | 90 | 94 | 125 | 165 | 111 | 95 | 143 | 132 |
| Expenses | 55 | 63 | 59 | 65 | 71 | 65 | 76 | 120 | 75 | 77 | 127 | 126 |
| Operating Profit | 26 | 7 | -9 | 7 | 18 | 29 | 48 | 45 | 36 | 18 | 15 | 6 |
| OPM % | 32 | 10 | -18 | 10 | 20 | 30 | 39 | 27 | 32 | 19 | 11 | 5 |
| Other Income | 13 | 23 | 3 | 3 | 17 | 2 | 2 | 1 | -12 | 3 | 6 | 2 |
| Interest | 5 | 9 | 10 | 9 | 9 | 8 | 8 | 9 | 7 | 6 | 7 | 7 |
| Depreciation | 15 | 18 | 19 | 19 | 23 | 20 | 20 | 22 | 22 | 22 | 25 | 26 |
| Profit before tax | 19 | 2 | -34 | -19 | 3 | 3 | 22 | 15 | -5 | -7 | -11 | -24 |
| Tax % | 4 | 41 | 2 | 4 | 28 | 28 | 3 | 4 | -5 | 8 | 7 | 4 |
| Net Profit | 18 | 1 | -35 | -19 | 2 | 2 | 21 | 15 | -5 | -8 | -11 | -25 |
| EPS in Rs | 8.22 | 0.6 | -16.04 | -8.87 | 1.08 | 0.9 | 9.69 | 6.72 | -2.14 | -3.56 | -5.12 | -11.52 |

### Profit & Loss

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

| Item | Mar 2006 |
| --- | --- |
| Sales | 448 |
| Expenses | 417 |
| Operating Profit | 32 |
| OPM % | 7 |
| Other Income | 13 |
| Interest | 11 |
| Depreciation | 6 |
| Profit before tax | 28 |
| Tax % | 34 |
| Net Profit | 18 |
| Dividend Payout % | 0 |

### Balance Sheet

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

| Item | Mar 2006 |
| --- | --- |
| Equity Capital | 66 |
| Reserves | 58 |
| Borrowings | 159 |
| Other Liabilities | 40 |
| Total Liabilities | 322 |
| Fixed Assets | 138 |
| CWIP | 9 |
| Investments | 0 |
| Other Assets | 175 |
| Total Assets | 322 |

### Cash Flow

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

| Item | Mar 2006 |
| --- | --- |
| Cash from Operating Activity | -40 |
| Cash from Investing Activity | -53 |
| Cash from Financing Activity | 105 |
| Net Cash Flow | 13 |
| Free Cash Flow | -36 |
| CFO/OP | -125 |

### Ratios

| Item | Mar 2006 |
| --- | --- |
| Debtor Days | 45 |
| Inventory Days | 76 |
| Days Payable | 16 |
| Cash Conversion Cycle | 105 |
| Working Capital Days | 101 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.25% | 73.25% | 68.94% | 68.94% | 68.94% | 70.99% | 70.43% | 70.43% | 70.43% | 70.43% |
| FIIs | 1.07% | 0.53% | 0.05% | 0% | 0% | 0.81% | 0.34% | 0.01% | 0.08% | 0% |
| DIIs | 1.11% | 1.2% | 1.18% | 1.18% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 24.58% | 25.02% | 29.83% | 29.88% | 31.06% | 28.2% | 29.22% | 29.54% | 29.48% | 29.56% |
| No. of Shareholders | 15277 | 14096 | 13107 | 12787 | 12959 | 17214 | 19159 | 16399 | 16647 | 16445 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 70.43% | 70.43% | 70.43% | 70.43% | 70.43% | 70.43% | 70.43% | 70.43% | 70.43% | 70.43% | 70.43% | 70.43% |
| FIIs | 0.34% | 0.17% | 0.1% | 0.1% | 0.01% | 0% | 0% | 0.51% | 0.08% | 0.01% | 0% | 0% |
| Public | 29.22% | 29.39% | 29.45% | 29.46% | 29.54% | 29.55% | 29.56% | 29.04% | 29.48% | 29.54% | 29.55% | 29.56% |
| No. of Shareholders | 19159 | 18115 | 14396 | 16617 | 16399 | 15845 | 19245 | 16656 | 16647 | 16688 | 16703 | 16445 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-10 | [Disclosure under Regulation 30A of LODR](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ceb6e505-93e1-4f66-86f4-e544d3814813.pdf) |
| 2026-02-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/798bf329-3f3e-44a5-b505-52b7c84d97b5.pdf) |
| 2026-02-13 | [Board Meeting Outcome for Board Meeting Outcome](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c226f7f7-5f24-48dd-a79b-3d858cb7e53c.pdf) |
| 2026-02-13 | [Board Meeting Outcome](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6be1575c-4e98-444b-8037-e96dc2db6f4c.pdf) |
| 2026-02-13 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cb3a18e7-5ebd-41ec-a355-73a4ed068da7.pdf) |
| 2026-02-02 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/xml-data/corpfiling/AttachHis/27392641-c585-4203-9ff6-ec6f6658ab86.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9a3245ae-c6f4-4c08-a1c8-8028be929014.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/996d4e27-47f3-4313-94ab-8f7c8f4c1749.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9780f6f0-8212-4d5a-b967-5af836d88e0d.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/520151/74520520151.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/520151/70125520151.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/520151/64960520151.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/520151/5201510319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/520151/5201510318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/520151/5201510317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/520151/5201510316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2020 | [Concall - Sep 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f736d541-d309-4102-965a-dea5db6a841b.pdf) |
| Aug 2020 | [Concall - Aug 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d5a440f8-5eeb-4a97-8b76-3c20e8dc36c8.pdf) |
| Feb 2020 | [Concall - Feb 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3ca02202-0a89-42c5-8d06-fff050d7dc40.pdf) |
| Feb 2020 | [Concall - Feb 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/42eb19a9-b1ba-4344-8438-0762b4269c6e.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fb15bdb3-3bcf-4b11-8d18-3287c93fbd8d.pdf) |
| Aug 2019 | [Concall - Aug 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/587a5c16-a21c-44c0-9039-b286305df1d1.pdf) |
| Jun 2019 | [Concall - Jun 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9edd4ba3-5326-4ead-8498-3dc57b22dee3.pdf) |
| Feb 2019 | [Concall - Feb 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/004c9ab6-d7e2-4219-8dff-d3e63915dd1b.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/a52f27ed-5dc6-419a-9c2f-c615ab54331e.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/b1d9b1dd-9828-48a0-aadf-0ba08de0e403.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-04-11 | Credit rating update — CRISIL |
| 2024-08-02 | Credit rating update — CRISIL |
| 2024-04-22 | Credit rating update — ICRA |
| 2024-03-05 | Credit rating update — CRISIL |
| 2023-11-20 | Credit rating update — ICRA |
| 2023-11-17 | 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 2026-10-13T10:59:42.733Z.