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Bal Pharma Limited

NSE: BALPHARMA · Unclassified

₹81.55-2.41%06 Nov 2026
Check figures: unusual quarterly results in MAR '25 (₹6.73 cr vs a typical ₹0.52 cr). This may be a filing error (e.g. lakh filed as crore) or a genuine one-off; figures are shown as filed. Trailing-twelve-month figures include it.

Ask the data

Instant answers about Bal Pharma Limited — computed from its filings, no language model
Market cap₹130 cr
Current price₹81.55
High / Low₹114 / ₹60
P/E18.0
P/B1.58
Book value₹51.6
ROE8.8%
ROCE10.0%
Debt / equity1.94
Dividend yield0.02%
EPS (TTM)₹4.52
Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin
showing latest 6 of 8 periods
FY18FY20FY21FY22FY23FY24FY25FY26
Revenue211.8171.1250.5281.2304.2339.2303.1311.7
EBITDA17.44.824.523.525.131.529.631.9
Operating margin8.2%2.8%9.8%8.3%8.3%9.3%9.8%10.2%
Interest9.312.412.010.412.215.316.916.8
Depreciation6.87.79.59.09.110.19.811.1
Profit before tax2.9-13.54.19.24.89.15.15.9
Tax2.5-0.6-0.63.52.11.6-2.1-0.4
Net profit0.00.04.75.60.07.47.26.3
EPS ₹0.20-8.623.343.791.674.944.563.95
Operating cash flow———32.023.0329.220.77.9
Capex———0.00.00.00.00.0
Dividend paid———0.00.00.00.00.0
Total assets————313.2320.4335.7375.5
Equity————63.869.377.482.2

Quarterly performance

last 28 quarters · ₹ crore
showing latest 8 of 28 periods
MAR '18SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21SEP '21DEC '21MAR '22JUN '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26
Revenue58.945.043.233.852.164.663.070.867.269.274.069.875.376.682.570.492.581.794.674.473.773.281.965.974.087.784.188.6
Operating profit5.81.80.70.65.17.15.96.36.36.23.55.05.86.28.26.47.77.89.66.57.77.87.66.15.79.610.68.0
Operating margin9.8%4.1%1.6%1.9%9.7%11.0%9.4%9.0%9.4%9.0%4.7%7.2%7.7%8.0%9.9%9.1%8.3%9.5%10.1%8.7%10.4%10.6%9.3%9.2%7.7%10.9%12.6%9.0%
Other income-0.20.00.41.20.20.10.20.70.60.83.70.20.10.50.20.20.10.12.50.8-0.20.51.10.71.10.3-0.20.4
Interest2.73.32.83.02.83.22.93.12.62.42.52.42.93.13.93.63.83.74.14.23.65.04.04.03.94.84.14.5
Depreciation2.01.41.43.61.92.22.03.42.22.22.42.22.42.52.12.52.43.02.22.42.52.72.22.52.33.23.12.8
Profit before tax0.9-2.8-3.1-4.80.61.81.20.52.02.42.30.70.61.12.40.41.61.35.80.61.40.62.60.20.71.83.21.1
Tax1.2-0.80.6-0.10.31.30.8-3.00.71.90.10.40.50.50.80.30.60.40.20.40.30.1-2.80.00.00.0-0.40.0
Net profit0.00.00.00.00.40.40.03.61.40.62.00.30.00.60.00.10.90.95.50.31.00.56.70.20.71.83.61.1
EPS ₹0.26-1.402.62-3.000.600.300.222.520.970.321.330.190.070.381.030.060.620.543.730.160.650.333.400.130.451.122.260.71
Revenue YoY—————43.5%46.0%109.7%4.0%9.7%4.6%—12.1%10.8%11.3%0.8%22.9%6.6%14.8%5.6%-20.4%-10.4%-13.5%-11.4%0.4%19.9%2.7%34.5%
Profit YoY————————228.6%—-45.0%—-100.0%-10.9%-100.0%-71.4%—56.1%—225.0%9.5%-46.1%23.0%-19.2%-31.7%270.8%-46.7%433.3%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Bal Pharma Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods
FY09†FY10†FY11†FY12†FY13†FY14†FY15†FY16†FY17†
Revenue106.6108.1116.9141.1147.9178.9187.1197.7230.9
Operating profit9.76.39.412.617.217.917.517.119.6
Operating margin9.1%5.8%8.0%8.9%11.6%10.0%9.4%8.7%8.5%
Other income0.1—0.50.70.70.71.21.53.4
Interest3.96.25.86.18.07.26.56.58.5
Depreciation1.82.83.03.64.84.77.07.06.5
Profit before tax4.1-0.71.13.65.16.65.25.28.1
Tax1.10.60.6-0.20.81.61.22.43.1
Net profit3.0-1.20.53.84.35.14.02.85.0

Quarters

showing latest 8 of 42 periods
SEP '07†DEC '07†MAR '08†JUN '08†SEP '08†DEC '08†MAR '09†JUN '09†SEP '09†DEC '09†MAR '10†JUN '10†SEP '10†DEC '10†MAR '11†JUN '11†SEP '11†DEC '11†MAR '12†JUN '12†SEP '12†DEC '12†MAR '13†JUN '13†SEP '13†DEC '13†MAR '14†JUN '14†SEP '14†DEC '14†MAR '15†JUN '15†SEP '15†DEC '15†MAR '16†JUN '16†SEP '16†DEC '16†MAR '17†JUN '17†SEP '17†DEC '17†
Revenue23.923.523.028.426.126.225.918.229.530.529.827.622.628.738.029.035.237.139.830.039.835.442.837.747.944.249.142.349.842.952.041.355.746.154.543.665.558.463.445.454.551.9
Operating profit3.12.40.13.82.82.80.20.71.60.13.92.0-0.11.95.62.42.92.74.53.04.24.35.84.44.54.54.44.04.83.85.03.44.96.02.83.46.05.44.83.55.56.0
Operating margin12.8%10.3%0.6%13.4%10.7%10.9%1.0%3.6%5.6%0.4%13.1%7.3%-0.6%6.5%14.8%8.2%8.4%7.3%11.4%10.0%10.5%12.2%13.5%11.8%9.4%10.3%9.0%9.4%9.6%8.8%9.6%8.2%8.8%13.0%5.2%7.9%9.2%9.2%7.5%7.7%10.1%11.5%
Other income0.00.0—0.00.00.00.1—0.00.7-0.60.00.10.00.30.10.10.10.30.10.10.10.40.10.10.10.40.10.40.00.70.20.80.10.40.81.40.01.20.81.00.1
Interest0.70.60.70.91.01.10.91.61.51.61.41.61.11.41.61.51.41.61.61.92.21.92.01.81.81.81.81.61.91.61.41.31.41.72.11.92.22.02.31.92.42.3
Depreciation0.40.40.50.40.40.40.70.70.70.70.70.70.70.70.80.70.70.71.41.01.01.01.81.51.11.11.01.11.11.23.61.61.51.62.21.51.41.32.21.41.81.6
Profit before tax1.91.4-1.02.51.41.4-1.2-1.6-0.60.41.2-0.3-1.8-0.23.50.30.90.51.90.31.11.42.31.21.81.71.91.32.21.00.60.72.82.8-1.10.83.82.11.41.02.32.2
Tax0.30.30.41.00.20.2-0.30.10.20.30.00.20.10.10.10.10.2-0.80.30.10.20.40.20.20.40.30.60.30.50.30.10.20.70.80.70.21.10.51.20.30.70.4
Net profit1.61.1-1.51.61.21.2-0.9-1.7-0.90.11.2-0.5-2.0-0.33.30.20.61.31.60.20.91.02.10.91.41.41.41.01.70.80.60.52.12.0-1.80.62.71.50.20.71.71.7
EPS ₹1.571.10-1.401.491.121.13-0.87-1.62-0.830.101.17-0.49-1.90-0.283.160.170.611.241.540.18—0.992.010.861.331.321.250.781.320.810.430.371.621.57-0.140.420.801.070.130.501.181.23
Revenue YoY————9.4%11.4%12.3%-35.8%13.2%16.7%15.2%51.2%-23.4%-6.0%27.3%5.1%55.4%29.4%4.8%3.5%13.0%-4.8%7.7%25.7%20.4%25.1%14.6%12.3%4.1%-3.0%6.1%-2.5%11.9%7.4%4.8%5.6%17.6%26.7%16.2%4.2%-16.7%-11.1%
Profit YoY————-28.7%2.6%—-209.0%-174.4%-91.5%———-390.0%169.1%———-50.8%5.6%45.3%-20.6%30.1%384.2%51.6%33.7%-35.8%6.5%20.6%-43.9%-58.8%-51.0%22.4%157.7%-416.1%22.9%27.9%-24.4%—20.3%-37.2%14.5%

Returns & margins

trailing-twelve-month, per quarter
showing latest 8 of 21 periods
JUN '20SEP '20DEC '20MAR '21JUN '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26
ROE—————4.8%4.7%1.3%1.0%2.5%3.0%10.7%10.9%11.1%10.5%11.0%10.9%10.4%12.0%7.6%8.8%
ROCE—————8.1%7.8%8.7%9.2%9.7%10.1%11.6%12.0%11.0%11.3%9.7%9.4%9.0%9.4%9.4%10.0%
Net margin0.2%0.4%0.4%1.8%1.5%1.0%1.0%0.3%0.2%0.5%0.6%2.2%2.2%2.4%2.3%2.8%2.9%2.8%3.0%2.0%2.2%
EBITDA margin4.7%7.0%8.8%9.8%7.5%7.1%6.9%8.3%8.7%8.8%9.2%9.3%9.2%9.7%10.0%9.8%9.9%9.2%9.4%10.2%10.1%
Debt / equity—————2.272.272.052.052.232.232.022.022.252.251.941.941.981.981.941.94
Interest coverage0.150.530.901.341.751.591.431.391.331.381.381.591.581.571.491.311.281.241.321.351.40
Asset turnover—————0.991.010.970.970.980.991.061.070.960.930.900.880.840.890.830.89

Balance sheet

equity vs borrowings over time · ₹ crore
showing latest 6 of 8 periods
SEP '22MAR '23SEP '23MAR '24SEP '24MAR '25SEP '25MAR '26
Share capital15.615.715.715.815.915.915.915.9
Other equity / reserves44.848.147.653.552.961.562.466.3
Total equity60.463.863.369.368.877.478.382.2
Borrowings137.3131.0141.1139.7154.9150.4154.9159.5
Current liabilities187.3209.3249.5203.9220.7219.5228.9249.2
Non-current liabilities44.140.117.147.250.038.842.144.1
Total assets291.7313.2329.8320.4339.5335.7349.4375.5
Property, plant & equipment56.262.261.161.663.971.076.276.8
Capital work-in-progress0.00.00.10.51.72.83.07.4
Investments0.00.00.06.811.02.50.42.1
Inventories86.298.0105.787.889.9103.0112.7116.4
Receivables85.794.0102.999.6103.292.490.893.6
Cash & equivalents1.11.51.44.21.91.81.62.3

Cash flow

annual · ₹ crore · line = free cash flow
FY22FY23FY24FY25FY26
Cash from operations32.023.0329.220.77.9
Cash from investing11.318.40.0-18.1-9.8
Cash from financing1.10.034.60.3-27.3
Capex0.00.00.00.00.0
Free cash flow32.023.0329.220.77.9
Dividends paid0.00.00.00.00.0

Where the assets sit

Mar '26 · ₹ crore
Fixed assets (PPE)
₹76.8 cr20%
CWIP
₹7.4 cr2%
Investments
₹2.1 cr1%
Inventories
₹116.4 cr31%
Receivables
₹93.6 cr25%
Cash & equivalents
₹2.3 cr1%
Other assets
₹77.0 cr21%

Peer comparison

largest in Unclassified · this company in bold
CompanyMarket cap ₹crPriceP/EP/BROE
Avantel Limited36,86,04,549138.69—1059360.680.0%
Ducol Organics And Colours Limited19,55,275120.00—20089.130.0%
Jio Platforms Limited12,57,1811,406.40—3.57—
SBI Funds Management Limited1,01,750499.55———
Tamilnadu Telecommunication Limited91,3149.93———
Manipal Health Enterprises Limited76,294646.70———
INDO-MIM Limited59,0421,219.50———
AvenuesAI Limited45,138129.25153.69.516.2%
Dhoot Transmission Limited32,7611,601.60—8.11—
3M India Limited31,07127,570.0053.817.5732.7%
Bal Pharma Limited13081.5518.01.588.8%

StoxGud checklist: Bearish setup · 3/10

  • Price above 50-day average
  • Price above 200-day average
  • 50-day average above 200-day (uptrend)
  • RSI in healthy 40–70 zone
  • Positive 1-year return
  • Return on equity above 15%
  • Debt to equity below 1
  • Revenue growing year on year
  • Net profit margin above 10%
  • P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-17.3%
6 months+3.9%
1 year-1.7%
3Y CAGR-4.0%
5Y CAGR-3.8%
10Y CAGR-3.0%
50-day avg₹94.76
200-day avg₹82.87
RSI (14)29

FAQs

What is the share price of Bal Pharma Limited?

Bal Pharma Limited (BALPHARMA) closed at ₹81.55 on NSE on 06 Nov 2026.

What is the market cap of Bal Pharma Limited?

₹130 crore at the latest close.

What is the P/E ratio of Bal Pharma Limited?

18.0, on trailing-twelve-month earnings from its filings.

How fast is Bal Pharma Limited growing?

Bal Pharma Limited: revenue has compounded at 0.8% a year over three years. Latest-quarter revenue is up 34.5% year on year, profit up 433.3%.

How profitable is Bal Pharma Limited?

On a trailing-twelve-month basis return on equity is 8.8%, return on capital employed 10.0%, operating margin 10.1%, net margin 2.2%.

How much debt does Bal Pharma Limited have?

Bal Pharma Limited is highly geared: debt to equity is 1.94 with borrowings of ₹160 cr against cash of ₹2 cr (balance sheet of 2026-03-31). Operating profit covers interest 1.4 times.

Financials parsed from Bal Pharma Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.