Balaji Phosphates
- Market cap
- ₹ 235 Cr.
- P/E
- 24.4x
- P/B
- 2.83x
- 52-week range
- 78.8 – 150
- ROE
- 12%
- ROCE
- 15%
- Dividend yield
- 0%
- Debt / equity
- 0.47
- Sector
- Fertilizers & Agrochemicals
- Industry
- Fertilizers
- Listed on
- NSE SME
About
Balaji Phosphates Ltd is an India-based company, which is engaged in the manufacture and supply of a single super phosphate (SSP) in powder and granulated forms, NPK granulated and mixed fertilizers and zinc sulfate. It sells its products under the brand names of RATNAM and BPPL to a diverse range of customers, including retailers, wholesalers and state-owned cooperatives, with farmers being the end users of the products. Its range of phosphate fertilizers comprising Single Super Phosphate (SSP), zinc sulfate, and NPK granulated and mixed fertilizers are used in agricultural soils to enhance plant growth and development. The Company’s products cater to farmers in Madhya Pradesh, Chhattisgarh, Maharashtra, Telangana, and Andhra Pradesh, supporting local agricultural growth. It has an inhouse testing laboratory, which regulates and monitors the quality of fertilizer mixers, packaging and marking on the fertilizer bags. Its subsidiary is Jyoti Weighing Systems Pvt. Ltd.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Fertilizers: 29 companies →Balaji Phosphates against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)24.4 against a typical 12.8: pricier than most peers (1st = cheapest).20th of 27
- Sales growth+56.4% against a typical +17.4% from a year earlier.2nd of 23
- Profit growth+100% against a typical −2.3% from a year earlier.1st of 22
- Share price, 3 months+16.7% against a typical −14%.3rd of 25
- Size₹ 235.4 Cr. market value against a typical ₹ 200.6 Cr. (1st = largest).10th of 21
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated BB+ by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil BB+ | Stable | 4 Jun 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 4 Jun 2026 | New rating | Crisil BB+ | — | CRISIL | ₹ 40 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 18 Sep 2026 | Fund Raising | To consider Fund Raising |
| 27 Aug 2026 | Fund Raising/Other business matters | To consider Fund Raising and other business matters |
| 10 Jul 2026 | Fund Raising/Other business matters | To consider Fund Raising and other business matters |
| 2 Jul 2026 | Fund Raising/Other business matters | To consider Fund Raising and other business matters |
| 1 Jul 2026 | Fund Raising/Other business matters | BALAJIPHOS : 01-Jul-2026 : The Company has informed the Exchange that a Board meeting to be held on July 02, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on July 01, 2026, To consider Fund Raising and other business matters |
| 29 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | 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 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 11%
- 3 Years
- 6%
- TTM
- 35%
- 10 Years
- —
- 5 Years
- 48%
- 3 Years
- 19%
- TTM
- 29%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 15%
- 3 Years
- 14%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Balaji Phosphates | ₹ 105.00 | ₹ 235 Cr. | 24.4x | 2.8x | 12% | — |
| Asian Paints | ₹ 2,305.00 | ₹ 2,21,095 Cr. | 56.8x | 11.8x | — | 13% |
| Solar Industries India | ₹ 18,320.00 | ₹ 1,65,778 Cr. | 105.7x | 29.7x | — | 18.1% |
| SRF | ₹ 2,309.00 | ₹ 68,444 Cr. | 40.4x | 5.5x | — | 12.7% |
| Pidilite Industries | ₹ 1,514.00 | ₹ 1,54,107 Cr. | 68.5x | 15.6x | — | 17.4% |
| Berger Paints India | ₹ 465.60 | ₹ 54,289 Cr. | 50.5x | 8.5x | — | 9.9% |
Management
- Mohit Airen
- Executive Chairman of the Board, Managing Director
- Ravindra Kumar Chourishi
- Chief Financial Officer
- Deepika Singh
- Company Secretary, Compliance Officer
- Alok Gupta
- Executive Director
- Sunil Kumar Talwar
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.