---
title: "Ballarpur Industries Ltd (BALLARPUR) — Share Price, Financials & Analysis"
symbol: "BALLARPUR"
company: "Ballarpur Industries Ltd"
canonical: "https://tapetide.com/stocks/BALLARPUR"
isin: "INE294A01037"
nse_symbol: "BALLARPUR"
bse_code: "500102"
sector: "Commodities"
industry: "Paper, Forest & Jute Products"
generated_at: "2026-09-13T19:02:45.300Z"
---

# Ballarpur Industries Ltd (BALLARPUR)

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

## Company

- **NSE Symbol:** BALLARPUR
- **BSE Code:** 500102
- **ISIN:** INE294A01037
- **Sector:** Commodities
- **Industry:** Paper, Forest & Jute Products
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** bilt.com

## About

Ballarpur Industries is engaged in the business of manufacturing and selling of writing and printing paper.

## Latest Price

- **Price:** ₹0.85
- **Change:** 0 (0%)
- **Open:** ₹0.95
- **Day High:** ₹0.95
- **Day Low:** ₹0.85
- **Previous Close:** ₹0.85
- **Volume:** 0
- **As Of:** 2023-06-22T04:54:11+00:00

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Company has high debtors of 2,130 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -25% | 6% | 11% |
| revenue growth | 314% | — | -48% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2020 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 759 | 0 | 0 | 1 | 8 | 1 | 3 | 2 | 2 | 11 | 63 | 84 |
| Expenses | 603 | 40 | 35 | 39 | 88 | 77 | 48 | 19 | 47 | 68 | 120 | 127 |
| Operating Profit | 156 | -40 | -35 | -38 | -80 | -76 | -46 | -17 | -45 | -57 | -57 | -43 |
| OPM % | 21 | — | — | -3853 | -979 | -7477 | -1669 | -942 | -2667 | -535 | -91 | -51 |
| Other Income | -1118 | 63 | 54 | 50 | -157 | 44 | 36 | 18 | 11 | 12 | 31 | 12 |
| Interest | 514 | 26 | 36 | 37 | 37 | 34 | 86 | 42 | 45 | 45 | 45 | 48 |
| Depreciation | 45 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 2 | 2 |
| Profit before tax | -1521 | -6 | -19 | -28 | -277 | -69 | -98 | -43 | -81 | -92 | -73 | -81 |
| Tax % | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -1542 | -6 | -19 | -28 | -277 | -69 | -98 | -43 | -81 | -92 | -73 | -81 |
| EPS in Rs | -8.16 | -0.04 | -0.15 | -0.21 | -2.14 | -0.53 | -0.78 | -0.34 | -0.62 | -0.71 | -0.57 | -0.62 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2519 | 3643 | 3274 | 2055 | 0 | 0 | 9 | 19 | 77 | 160 |
| Expenses | 3363 | 3248 | 2709 | 2247 | 302 | 144 | 161 | 211 | 247 | 362 |
| Operating Profit | -844 | 395 | 566 | -192 | -302 | -144 | -152 | -193 | -170 | -203 |
| OPM % | -34 | 11 | 17 | -9 | -79408 | — | -1653 | -1036 | -220 | -127 |
| Other Income | -164 | -322 | -1651 | 206 | 1382 | 5349 | -30 | 150 | 66 | 67 |
| Interest | 917 | 846 | 1133 | 1185 | 550 | 563 | 136 | 194 | 178 | 184 |
| Depreciation | 277 | 266 | 233 | 227 | 53 | 38 | 11 | 10 | 8 | 7 |
| Profit before tax | -2202 | -1038 | -2451 | -1397 | 478 | 4604 | -329 | -247 | -289 | -327 |
| Tax % | -8 | 3 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -2036 | -1072 | -2487 | -1390 | 478 | 4604 | -329 | -247 | -289 | -327 |
| EPS in Rs | -10.78 | -7.2 | -14.61 | -8.54 | -0.79 | 35.6 | -2.54 | -1.93 | -2.24 | -2.52 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 131 | 259 | 259 | 259 | 259 | 259 | 259 | 55 | 55 | 55 |
| Reserves | -206 | -397 | -1402 | -3230 | -3675 | -3915 | 575 | 295 | -174 | -766 |
| Borrowings | 10107 | 8815 | 8686 | 8684 | 3930 | 3943 | 1854 | 1960 | 2054 | 2262 |
| Other Liabilities | 3181 | 2835 | 3463 | 4564 | 6254 | 7642 | 4470 | 4781 | 5292 | 6171 |
| Total Liabilities | 13214 | 11513 | 11006 | 10278 | 6769 | 7929 | 7157 | 7091 | 7227 | 7722 |
| Fixed Assets | 7859 | 7548 | 6531 | 6358 | 1737 | 1237 | 610 | 598 | 589 | 747 |
| CWIP | 388 | 8 | 6 | 37 | 0 | 0 | 0 | 0 | 83 | 0 |
| Investments | 41 | 0 | 89 | 2 | 2139 | 3935 | 4498 | 4580 | 4642 | 5021 |
| Other Assets | 4926 | 3956 | 4380 | 3881 | 2893 | 2758 | 2050 | 1913 | 1913 | 1955 |
| Total Assets | 13214 | 11513 | 11006 | 10278 | 6769 | 7929 | 7157 | 7091 | 7227 | 7722 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -806 | 417 | 854 | 977 | 563 | 73 | -827 | 3 | -102 | -24 |
| Cash from Investing Activity | -22 | 51 | -83 | -508 | 4672 | -175 | -319 | -263 | -221 | -634 |
| Cash from Financing Activity | 696 | -440 | -636 | -512 | -5458 | 102 | 1147 | 262 | 325 | 686 |
| Net Cash Flow | -132 | 29 | 135 | -44 | -224 | 0 | 0 | 3 | 2 | 28 |
| Free Cash Flow | -1210 | 390 | 839 | 829 | 528 | 73 | -827 | 24 | -182 | -37 |
| CFO/OP | 103 | -45 | 211 | 172 | -299 | -24 | 574 | -2 | 53 | 14 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 12 | 13 | 16 | 54 | 80 | 431593 | — | 17635 | 8713 | 2130 |
| Inventory Days | 150 | 105 | 91 | 85 | 6 | — | — | — | 733 | 346 |
| Days Payable | 216 | 317 | 194 | 137 | 74 | — | — | — | 457 | 586 |
| Cash Conversion Cycle | -53 | -199 | -88 | 2 | 12 | 431593 | — | 17635 | 8989 | 1890 |
| Working Capital Days | -819 | -429 | -395 | -532 | -1011 | -6333855 | — | -133497 | -80131 | -23775 |
| ROCE % | -9 | -12 | 2 | 7 | -7 | -14 | 6 | 0 | -1 | -5 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 49.43% | 25.05% | 25.05% | 24.22% | 2.68% | 0.1% | 0.1% | 0.1% | 51% | 51% | 51% |
| FIIs | 12.36% | 5.2% | 8.02% | 3.74% | 0.63% | 0.63% | 0.63% | 0.63% | 0.05% | 0.05% | 0.05% |
| DIIs | 9.85% | 34% | 33.46% | 33.23% | 29.67% | 21.13% | 20.54% | 20.54% | 3.97% | 3.97% | 3.97% |
| Public | 28.36% | 35.75% | 33.47% | 38.81% | 67.03% | 78.13% | 78.74% | 78.74% | 44.97% | 44.97% | 44.97% |
| No. of Shareholders | 74515 | 75506 | 76433 | 79868 | 98901 | 122137 | 117598 | 116325 | 67151 | 67151 | 67150 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 0.1% | 0.1% | 0.1% | 51% | 51% | 51% | 51% | 51% | 51% | 51% | 51% | 51% |
| FIIs | 0.63% | 0.63% | 0.63% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
| DIIs | 20.54% | 20.54% | 20.54% | 3.97% | 3.97% | 3.97% | 3.97% | 3.97% | 3.97% | 3.97% | 3.97% | 3.97% |
| Public | 78.74% | 78.74% | 78.74% | 44.97% | 44.97% | 44.97% | 44.97% | 44.97% | 44.97% | 44.97% | 44.97% | 44.97% |
| No. of Shareholders | 116337 | 116325 | 116325 | 67157 | 67153 | 67153 | 67151 | 67151 | 67151 | 67151 | 67151 | 67150 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 162.88 | Sell |
| EMA (10) | 161.96 | Sell |
| SMA (20) | 164.37 | Sell |
| EMA (20) | 164.56 | Sell |
| SMA (50) | 174.43 | Sell |
| EMA (50) | 172.54 | Sell |
| SMA (100) | 184.99 | Sell |
| EMA (100) | 180.76 | Sell |
| SMA (200) | 194.8 | Sell |
| EMA (200) | 189.75 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 37.71 | Neutral |
| MACD (12,26,9) | -3.75 | Sell |
| Stochastic (14,3,3) | 21.08 | Neutral |
| ADX (14) | 26.27 | Buy |
| Williams %R (14) | -88.25 | Buy |
| ATR (14) | 7.26 | High Volatility |
| ROC (12) | -1.47 | Sell |
| Stoch RSI (14) | 26.67 | Neutral |
| UO (7,14,28) | 41.36 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-02 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a75a17a3-faca-4d95-9c33-d900dcaf4dae.pdf) |
| 2026-09-02 | [Intimation Of Letter Sent To Unregistered Shareholders Under Regulation 36(1)(B) Of SEBI (LODR) 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=20000c24-e670-4454-aaf6-0f40225a5994.pdf) |
| 2026-09-01 | [Annual General Meeting Dated September 25 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9543e620-ca85-489f-ad4f-ccd0bbb30969.pdf) |
| 2026-09-01 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2f2c40c4-7c2f-42d4-a4f2-e3b80b71dfbb.pdf) |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d640f5a6-c7e1-4048-9eca-ed3feb767279.pdf) |
| 2026-08-10 | [Board Meeting Outcome for Outcome Of Board Meeting Held On August 10 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d6fd9ed2-68d9-42be-8779-61ce7787ebf7.pdf) |
| 2026-08-10 | [Outcome Of Board Meeting For Approval Of Financial Results For Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0ef8bb52-96f5-481a-a5da-2b456b4b94b3.pdf) |
| 2026-08-10 | [Intimation Of Appointment Of Cost Auditor For FY 2026-27](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8b71ce58-c6c1-48e1-a782-8822a1fcb5f1.pdf) |
| 2026-08-10 | [Intimation Of Appointment Of Cost Auditor For FY 2026-27](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a55d887b-2fba-47b0-b850-d668fd48da60.pdf) |
| 2026-07-18 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=45b8d5f3-9f61-4f6a-87ad-0ba4504ec9c9.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7h - 80th AGM on May 11, 2026; FY25 annual report and notice issued via video conferencing. | [Announcement under Regulation 30 (LODR)-Meeting Updates 7h - 80th AGM on May 11, 2026; FY25 annual report and notice issued via video conferencing.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ea3bbe62-dd2e-4162-84bd-1e060e703901.pdf) |
| 31 Jan - Copies of newspaper advertisement pertaining to Un-audited (Standalone and Consolidated) Financial Results of the Company for the quarter and nine months ended December 31, 2025 … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 31 Jan - Copies of newspaper advertisement pertaining to Un-audited (Standalone and Consolidated) Financial Results of the Company for the quarter and nine months ended December 31, 2025 …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/796d60bf-d736-4448-bf9f-dccc763ad3df.pdf) |
| 30 Jan - Unaudited quarterly and nine-month results to Dec 31, 2025: Q3 PAT Rs10.86cr; director appointment/resignation; subsidiary preferential issue. | [Financial Results For Quarter & Nine Months Ended December 31, 2025 30 Jan - Unaudited quarterly and nine-month results to Dec 31, 2025: Q3 PAT Rs10.86cr; director appointment/resignation; subsidiary preferential issue.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/038854cb-d33c-47cc-8250-647365cc5ba4.pdf) |
| 30 Jan - Unaudited Q3/9M results to Dec 31, 2025; director appointment/resignation; NHAI compensation Rs1.75cr; subsidiary sale gain Rs1.14cr. | [Announcement under Regulation 30 (LODR)-Change in Management 30 Jan - Unaudited Q3/9M results to Dec 31, 2025; director appointment/resignation; NHAI compensation Rs1.75cr; subsidiary sale gain Rs1.14cr.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/516ea5cb-d4c2-40b1-b065-8ffe6b249f8e.pdf) |
| 30 Jan - Unaudited Q3/9M results (Dec 31, 2025): consolidated PAT Rs10.86Cr/₹29.64Cr; director appointment/resignation; subsidiary private placement. | [Board Meeting Outcome for Outcome Of Board Meeting Held On Friday, January 30, 2026 30 Jan - Unaudited Q3/9M results (Dec 31, 2025): consolidated PAT Rs10.86Cr/₹29.64Cr; director appointment/resignation; subsidiary private placement.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/869fc5bf-651a-4f2a-b8e3-c611eef72bc8.pdf) |
| 28 Feb - In accordance with the applicable provisions of the Companies Act, 2013, read with the rules issued thereunder, we are enclosing herewith copies of Newspaper Publication … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Feb - In accordance with the applicable provisions of the Companies Act, 2013, read with the rules issued thereunder, we are enclosing herewith copies of Newspaper Publication …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/042d9507-25f1-462e-8ee6-dc2c2650a2c4.pdf) |
| 27 Mar - Trading window closed from 1 Apr 2026 until 48 hours after audited Q4 results; shares suspended since Jun 23, 2023. | [Closure of Trading Window 27 Mar - Trading window closed from 1 Apr 2026 until 48 hours after audited Q4 results; shares suspended since Jun 23, 2023.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4736af3e-17ff-4313-aa0a-8b38ca5c26f2.pdf) |
| 27 Feb - Postal ballot seeks approval for 3-year Allcargo lease: ₹5.00 Cr p.a., ₹2.02 Cr deposit; appoint Nishika Hegde. | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 27 Feb - Postal ballot seeks approval for 3-year Allcargo lease: ₹5.00 Cr p.a., ₹2.02 Cr deposit; appoint Nishika Hegde.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5c7fc805-1ad1-43bb-89a9-5e1d860d0bad.pdf) |
| 23 Jan - Board meeting on Jan 30, 2026 to approve unaudited results for quarter and nine-months ended Dec 31, 2025; trading window closed. | [Update on board meeting 23 Jan - Board meeting on Jan 30, 2026 to approve unaudited results for quarter and nine-months ended Dec 31, 2025; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/034fac17-e63b-44ff-9561-47b63d5113c9.pdf) |
| 23 Feb - MoU (23 Feb 2026) for leasing Gurugram land to Allcargo Terminals to develop/operate rail-connected ICD. | [Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements 23 Feb - MoU (23 Feb 2026) for leasing Gurugram land to Allcargo Terminals to develop/operate rail-connected ICD.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5c141f6e-9678-4735-8088-2711958fb081.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8efdb3c8-4e58-4d12-8caa-36945747cbe4.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a2ee89b6-7cdd-4f54-a1e1-7594a7d0a437.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/805bab15-7343-4a27-a7fb-0a99a2ee2217.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e7fd093c-fe3a-486b-ae96-c46547ff2f2d.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_BALLARPUR_2010_2011_27022012110706.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_BALLARPUR_2009_2010_07042011103637.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9c35556-914b-4f3d-885e-b6a32fe5ff61.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8bc69b03-214e-4759-b642-b39c8ffb1f8d.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eb33debf-a60f-44a7-87d6-f15e25fef745.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/500102/5001020319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/500102/5001020318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/500102/5001020317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/500102/5001020316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/500102/5001020315.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 2026-09-13T19:02:45.300Z.