Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 19.35 | 20.26 | 20.03 | 16.91 | 20.86 | 23.05 | 26.19 | 27.92 | 32.68 | 27.67 | 31.81 | 30.07 |
| Expenses | 18.57 | 19.37 | 18.95 | 16.09 | 19.72 | 22.20 | 24.96 | 28.13 | 32.37 | 30.27 | 26.39 | 29.07 |
| Operating Profit | 0.78 | 0.89 | 1.08 | 0.82 | 1.14 | 0.85 | 1.23 | -0.21 | 0.31 | -2.60 | 5.42 | 1.00 |
| OPM % | 4.03% | 4.39% | 5.39% | 4.85% | 5.47% | 3.69% | 4.70% | -0.75% | 0.95% | -9.40% | 17.04% | 3.33% |
| Other Income | 0.06 | 0.05 | 0.10 | 0.02 | 0.07 | 0.10 | 0.20 | 0.09 | 0.10 | 0.10 | 0.11 | 0.10 |
| Interest | 0.26 | 0.24 | 0.26 | 0.22 | 0.21 | 0.28 | 0.50 | 0.49 | 0.63 | 0.52 | 0.59 | 0.60 |
| Depreciation | 0.09 | 0.10 | -0.02 | 0.06 | 0.06 | 0.08 | 0.05 | 0.06 | 0.07 | 0.09 | 0.12 | 0.07 |
| Profit before tax | 0.49 | 0.60 | 0.94 | 0.56 | 0.94 | 0.59 | 0.88 | -0.67 | -0.29 | -3.11 | 4.82 | 0.43 |
| Tax % | 30.61% | 28.33% | -9.57% | 26.79% | 28.72% | 28.81% | 31.82% | 0.00% | 0.00% | 0.00% | 4.36% | 25.58% |
| Net Profit | 0.34 | 0.43 | 1.03 | 0.42 | 0.67 | 0.43 | 0.60 | -0.67 | -0.29 | -3.11 | 4.61 | 0.31 |
| EPS in Rs | 0.19 | 0.24 | 0.57 | 0.23 | 0.37 | 0.24 | 0.33 | -0.37 | -0.16 | -1.71 | 2.53 | 0.17 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 38 | 38 | 48 | 54 | 98 | 92 | 62 | 64 | 79 | 87 | 120 | 122 |
| Expenses | 37 | 37 | 46 | 53 | 95 | 91 | 60 | 61 | 75 | 83 | 117 | 118 |
| Operating Profit | 1 | 1 | 2 | 2 | 4 | 1 | 1 | 3 | 4 | 4 | 3 | 4 |
| OPM % | 2.7% | 2.9% | 3.3% | 3.6% | 3.6% | 1.4% | 2.3% | 4.8% | 5.0% | 4.7% | 2.5% | 3.4% |
| Other Income | 0 | 0 | 0 | 0 | 1 | 0 | 2 | 0 | 1 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 1 | 1 | 3 | -1 | 1 | 2 | 3 | 3 | 1 | 2 |
| Tax % | 17% | 29% | 23% | 29% | 23% | 6% | 28% | 31% | 26% | 29% | 28% | |
| Net Profit | 1 | 1 | 1 | 1 | 2 | -1 | 1 | 1 | 2 | 2 | 1 | 2 |
| EPS in Rs | 0.34 | 0.30 | 0.41 | 0.44 | 1.07 | -0.50 | 0.54 | 0.75 | 1.35 | 1.16 | 0.30 | 0.83 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 12% | 5% | 23% | 25% | ||
| Compounded Profit Growth | -2% | 21% | -27% | 48% | ||
| Stock Price CAGR | 16% | 7% | -9% | -32% | ||
| Return on Equity | 8% | 9% | 10% | 3% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | -11 | -10 | -9 | -9 | -8 | -6 | -7 | 1 | -5 | -2 | -0 | 1 |
| Borrowings | 2 | 2 | 3 | 4 | 7 | 9 | 17 | 14 | 11 | 10 | 20 | 27 |
| Other Liabilities | 2 | 3 | 2 | 3 | 3 | 4 | 4 | 3 | 4 | 5 | 4 | 4 |
| Total Liabilities | 11 | 12 | 13 | 16 | 20 | 25 | 31 | 35 | 28 | 30 | 42 | 49 |
| Fixed Assets | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 4 | 4 | 3 | 6 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 |
| Other Assets | 7 | 9 | 9 | 12 | 15 | 21 | 28 | 32 | 24 | 26 | 37 | 42 |
| Total Assets | 11 | 12 | 13 | 16 | 20 | 25 | 31 | 35 | 28 | 30 | 42 | 49 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0 | 1 | 0 | -1 | -3 | -9 | -0 | 3 | 4 | 1 | -8 | -4 |
| Cash from Investing Activity | -1 | -0 | -1 | -0 | -0 | 1 | 0 | 2 | -1 | -1 | -1 | -1 |
| Cash from Financing Activity | 1 | 0 | 1 | 2 | 2 | 3 | 7 | -3 | -2 | -1 | 10 | 6 |
| Net Cash Flow | 0 | 1 | 0 | 0 | -1 | -5 | 7 | 1 | 0 | -1 | 0 | 1 |
| Free Cash Flow | -0 | 1 | -1 | -1 | -3 | -8 | -1 | 3 | 3 | 1 | -8 | -7 |
| CFO/OP | 50% | 125% | 47% | -50% | -148% | -237% | -32% | 210% | 147% | 50% | -188% | -144% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 40 | 38 | 41 | 49 | 77 | 80 | 83 | 106 | 93 | 85 | 118 | 94 |
| Inventory Days | 3 | 6 | 6 | 5 | 5 | 3 | 0 | |||||
| Days Payable | 19 | 34 | 18 | 20 | 38 | 34 | ||||||
| Cash Conversion Cycle | 24 | 9 | 28 | 35 | 44 | 49 | 83 | 106 | 93 | 85 | 118 | 94 |
| Working Capital Days | 24 | 19 | 32 | 32 | 43 | 72 | 44 | 102 | 39 | 37 | 36 | 23 |
| ROCE % | 13% | 11% | 10% | 11% | 12% | 18% | 4% | 9% | 11% | 16% | 13% | 7% |
| 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 | 33.63% | 33.63% | 33.63% | 33.63% | 33.63% | 33.63% | 33.50% | 33.50% | 33.45% | 33.45% | 33.42% | 33.25% |
| Public | 66.37% | 66.38% | 66.37% | 66.38% | 66.36% | 66.38% | 66.50% | 66.50% | 66.55% | 66.56% | 66.57% | 66.76% |
| No. of Shareholders | 12,927 | 13,109 | 13,520 | 13,526 | 13,350 | 13,511 | 13,525 | 13,483 | 13,436 | 13,361 | 13,314 | 13,270 |
Fundamentals
Market Cap₹ 22.3 Cr.
Current Price₹ 12.2
Stock P/E14.7
Book Value₹ 9.86
ROCE7.16 %
ROE2.94 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)25%
Compounded Profit Growth (TTM)48%
Standalone figures.
Valuation
Market capRs 28 Cr
Enterprise valueRs 49 Cr
P/E (TTM)18.52x
Price to book1.57x
Price to sales0.23x
EV / EBITDA10.85x
EV / EBIT11.76x
EV / sales0.40x
Earnings yield5.40%
P/E, 3-year average20.63x
P/B, 3-year average1.80x
P/E, 5-year average18.97x
P/B, 5-year average1.60x
Profitability
Operating margin (excl. other income)2.45%
Operating margin (incl. other income)2.77%
EBITDA margin3.71%
Pre-tax margin1.51%
Net profit margin1.24%
Net margin, latest quarter1.03%
ROE3.11%
ROCE7.23%
ROA1.21%
ROE, 3-year average11.17%
ROCE, 3-year average12.52%
ROA, 3-year average5.13%
ROE, 5-year average9.85%
ROCE, 5-year average11.77%
ROA, 5-year average4.53%
ROIC (approx.)7.76%
Tax rate27.63%
Other income / net worth2.17%
Growth
Sales growth (latest year)38.09%
Profit growth (latest year)-73.93%
Sales CAGR, 3 years23.02%
Sales CAGR, 5 years5.36%
Profit CAGR, 3 years-26.05%
Sales growth QoQ-5.47%
Profit growth QoQ-93.28%
Sales growth YoY (latest quarter)7.70%
Per share
EPS (TTM)Rs 0.84
EPS (latest year)Rs 0.30
EPS (latest quarter)Rs 0.17
EPS, 3-year averageRs 0.94
EPS, 5-year averageRs 0.82
Book value per shareRs 9.86
Sales per shareRs 67.16
Cash flow per shareRs -2.43
Free cash flow per shareRs -3.85
Efficiency
Asset turnover2.46x
Fixed asset turnover21.55x
Debtor days94 days
Debtors turnover3.90x
Creditor days34 days
Cash conversion cycle94 days
Working capital days23 days
Leverage
Total debtRs 27 Cr
Cash and bankRs 6 Cr
Net debtRs 21 Cr
Debt to equity1.50x
Net debt / EBITDA4.65x
Interest coverage1.79x
Owners' fund to total sources36.86%
Debt to assets55.28%
Cash flow
Cash from Operating Activity (latest year)Rs -4 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs 6 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -7 Cr
FCFE (approx.: FCF + change in debt)Rs -1 Cr
Cash from ops / profit, 5 years-0.57x
Statement figures
Net sales (TTM)Rs 122 Cr
Net sales (latest year)Rs 120 Cr
Sales (latest quarter)Rs 30 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 5 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 108 Cr
Total expenditure (latest year)Rs 117 Cr
Total income (latest year)Rs 120 Cr
Share capitalRs 17 Cr
ReservesRs 1 Cr
Shareholders' fundsRs 18 Cr
Total assetsRs 49 Cr
Net blockRs 6 Cr
InvestmentsRs 2 Cr
ReceivablesRs 31 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)1.82
Ownership
Promoter holding33.25% (-0.25 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 18.5 is at the 57th percentile of its own 8.1-year range
(median 17.1, low 7.5, high 391.0).
P/B 1.57 is at the 59th percentile (median 1.37).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 520127 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +32.7% | -2.8% | +35.5 pts |
| 1 month | +31.2% | -6.8% | +38.0 pts |
| 3 months | +21.7% | -7.6% | +29.3 pts |
| 3 years | -2.2% | +14.2% | -16.3 pts |
| 5 years | +86.4% | +27.9% | +58.5 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was -229% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 10% of total assets in 2026 |
| explain | Debt up, profit down Borrowings up 32% while net profit fell in 2026 |
| explain | Low interest cover Interest cover 1.3x in 2026 |
| look | Profit leans on other income Other income was 51% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹30 Cr +7.7% vs Jun 2025.
Net profit ₹0 Cr +146.3%.
Activity
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| Shree OSFM E-Mobility Ltd | 79 | 11.0 | 12.0 % |
| Desi Farms India Limited | 63 | 100 % | |
| ABC India Ltd | 32 | -0.05 % | |
| Inter State Oil Carrier Ltd | 26 | 10.9 | 10.5 % |
| Frontline Corporation Ltd | 18 | 6.69 | 4.94 % |
| Coastal Roadways Ltd | 10 | 6.07 | 8.70 % |
| Mahasagar Travels Ltd | 5 | 15.8 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Balurghat Technologies Ltd?
Balurghat Technologies Ltd (520127) has a market capitalisation of Rs 22.3 Cr. at the 2026-10-01 close.
What is the P/E ratio of Balurghat Technologies Ltd?
Balurghat Technologies Ltd trades at a P/E of 14.7 on trailing twelve-month profit, at the 2026-10-01 close.
What were Balurghat Technologies Ltd's latest quarterly results?
In the Jun 2026 quarter, Balurghat Technologies Ltd sales was Rs 30 Cr (+7.7% vs Jun 2025) and net profit was Rs 0 Cr.