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 | 6.03 | 8.92 | 1.09 | 0.05 | 0.33 | 0.18 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 |
| Expenses | 4.62 | 7.69 | 1.39 | 0.22 | 0.24 | 0.45 | 0.36 | 0.30 | 0.12 | 0.50 | 0.50 | 0.61 |
| Operating Profit | 1.41 | 1.23 | -0.30 | -0.17 | 0.09 | -0.27 | -0.36 | -0.30 | -0.12 | -0.48 | -0.50 | -0.61 |
| OPM % | 23.38% | 13.79% | -27.52% | -340.00% | 27.27% | -150.00% | -2,400.00% | |||||
| Other Income | 2.74 | 2.74 | 4.23 | 4.69 | 7.93 | 0.17 | -4.65 | 2.34 | 0.03 | 0.84 | -12.20 | 6.82 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 4.15 | 3.97 | 3.93 | 4.52 | 8.02 | -0.10 | -5.01 | 2.04 | -0.18 | 0.36 | -12.70 | 6.21 |
| Tax % | 0.72% | 6.80% | 5.09% | 14.16% | 11.35% | 170.00% | -12.57% | 17.65% | -11.11% | -61.11% | -12.52% | 14.17% |
| Net Profit | 4.11 | 3.70 | 3.74 | 3.88 | 7.10 | -0.27 | -4.38 | 1.68 | -0.16 | 0.59 | -11.11 | 5.32 |
| EPS in Rs | 2.49 | 2.24 | 2.27 | 2.35 | 4.30 | -0.16 | -2.30 | 0.88 | -0.08 | 0.31 | -5.31 | 2.29 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2.60 | 4.57 | 14.80 | 16.40 | 9.61 | 5.36 | 8.00 | 8.19 | 17.05 | 0.56 | 0.01 | 0.02 |
| Expenses | 3.00 | 5.22 | 15.97 | 19.79 | 18.16 | 6.13 | 8.55 | 8.00 | 14.69 | 1.27 | 12.34 | 1.73 |
| Operating Profit | -0.40 | -0.65 | -1.17 | -3.39 | -8.55 | -0.77 | -0.55 | 0.19 | 2.36 | -0.71 | -12.33 | -1.71 |
| OPM % | -15.38% | -14.22% | -7.91% | -20.67% | -88.97% | -14.37% | -6.88% | 2.32% | 13.84% | -126.79% | -123,300.00% | -8,550.00% |
| Other Income | 0.45 | 0.70 | 0.82 | 1.29 | 1.57 | 7.52 | 0.92 | -0.05 | 11.79 | 8.14 | 1.94 | -4.51 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.00 | 0.00 | 0.09 | 0.09 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.05 | 0.05 | -0.35 | -2.10 | -6.98 | 6.75 | 0.37 | 0.04 | 14.15 | 7.43 | -10.48 | -6.31 |
| Tax % | 40.00% | 20.00% | -8.57% | 6.19% | -8.17% | 14.52% | 18.92% | -350.00% | 7.00% | 14.67% | -14.03% | |
| Net Profit | 0.03 | 0.05 | -0.32 | -2.24 | -6.42 | 5.77 | 0.30 | 0.17 | 13.17 | 6.34 | -9.00 | -5.36 |
| EPS in Rs | 0.02 | 0.03 | -0.19 | -1.36 | -3.89 | 3.49 | 0.18 | 0.10 | 7.98 | 3.34 | -4.30 | -2.79 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -43% | -72% | -89% | -96% | ||
| Compounded Profit Growth | % | % | % | -230% | ||
| Stock Price CAGR | % | 126% | 104% | -22% | ||
| Return on Equity | -3% | -2% | 0% | -17% |
| 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 | 16.51 | 16.51 | 16.51 | 16.51 | 16.51 | 16.51 | 16.51 | 16.51 | 16.51 | 16.51 | 19.01 | 20.91 |
| Reserves | 1.54 | 1.57 | 1.61 | 1.29 | -0.95 | -7.36 | -1.59 | -1.27 | -1.10 | 12.07 | 37.65 | 35.30 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.25 | 0.00 | 0.00 | 0.00 | 0.00 | 9.74 |
| Other Liabilities | 4.24 | 0.02 | 0.46 | 0.47 | 0.11 | 0.39 | 1.35 | 3.53 | 2.23 | 6.17 | 7.81 | 13.75 |
| Total Liabilities | 22.29 | 18.10 | 18.58 | 18.27 | 15.67 | 9.54 | 16.52 | 18.77 | 17.64 | 34.75 | 64.47 | 79.70 |
| Fixed Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.70 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2.40 | 5.79 | 7.42 | 3.60 | 4.28 | 4.48 | 11.44 | 16.89 | 7.28 | 21.09 | 40.03 | 45.38 |
| Other Assets | 19.89 | 12.31 | 11.16 | 14.67 | 11.39 | 5.06 | 5.08 | 1.88 | 10.36 | 13.66 | 24.44 | 33.62 |
| Total Assets | 22.29 | 18.10 | 18.58 | 18.27 | 15.67 | 9.54 | 16.52 | 18.77 | 17.64 | 34.75 | 64.47 | 79.70 |
| 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 | 0.19 | -1.79 | 0.77 | -6.01 | 1.67 | 0.37 | 6.76 | 5.65 | -9.40 | 14.69 | -10.82 | -2.65 |
| Cash from Investing Activity | 5.02 | -3.39 | -1.63 | 3.68 | 0.03 | -0.19 | -6.94 | -5.45 | 9.60 | -14.89 | -10.80 | -15.03 |
| Cash from Financing Activity | -5.13 | 5.17 | 0.83 | 2.32 | -1.65 | -0.22 | 0.25 | -0.25 | 0.00 | 0.00 | 21.75 | 18.29 |
| Net Cash Flow | 0.08 | -0.01 | -0.04 | -0.02 | 0.06 | -0.04 | 0.07 | -0.05 | 0.20 | -0.19 | 0.13 | 0.61 |
| Free Cash Flow | 0.19 | -1.79 | 0.77 | -6.01 | 1.67 | 0.37 | 6.76 | 5.65 | -9.40 | 14.69 | -10.82 | -2.65 |
| CFO/OP | -59% | 442% | -120% | 514% | -49% | -4% | -878% | -1,027% | -4,916% | 625% | 1,341% | 21% |
| 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 | 233.75 | 4.21 | 112.61 | 195.57 | 107.94 | 109.01 | 121.89 | 15.06 | 25.85 | 0.00 | 0.00 | 0.00 |
| Inventory Days | 780.21 | 1,056.29 | 411.08 | 114.63 | 61.12 | 0.00 | 47.74 | 68.23 | 280.44 | 14.79 | 67,890.00 | |
| Days Payable | 407.49 | 0.00 | 32.92 | 11.15 | 0.00 | 46.27 | 97.68 | 88.38 | 0.00 | 0.00 | ||
| Cash Conversion Cycle | 606.48 | 1,060.50 | 490.78 | 299.04 | 169.06 | 109.01 | 123.36 | -14.39 | 217.90 | 14.79 | 0.00 | 67,890.00 |
| Working Capital Days | 1,491.61 | 1,715.50 | 852.20 | 349.22 | 251.94 | 158.76 | 264.90 | -53.84 | 365.45 | 160.34 | 6,537.41 | 44,895.00 |
| ROCE % | 0.44% | 0.28% | 0.28% | -1.11% | -12.59% | -56.50% | 55.51% | -1.97% | -16.64% | 17.50% | 15.23% | -17.85% |
| 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 | 6.31% | 6.31% | 6.31% | 6.31% | 7.28% | 7.28% | 34.04% | 45.42% | 45.42% | 45.42% | 50.38% | 55.37% |
| Public | 93.69% | 93.68% | 93.68% | 93.69% | 92.72% | 92.72% | 65.96% | 54.56% | 54.56% | 54.58% | 49.61% | 44.62% |
| No. of Shareholders | 929 | 926 | 939 | 1,060 | 1,281 | 1,376 | 1,423 | 1,386 | 1,464 | 1,439 | 1,399 | 1,425 |
Fundamentals
Market Cap₹ 414 Cr.
Current Price₹ 178
Book Value₹ 26.9
ROCE-17.8 %
ROE-16.9 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-96%
Compounded Profit Growth (TTM)-230%
Standalone figures.
Valuation
Market capRs 335 Cr
Enterprise valueRs 344 Cr
Price to book5.95x
Price to sales33466.46x
EV / sales34361.46x
Earnings yield-1.60%
P/E, 3-year average26.56x
P/B, 3-year average4.44x
P/E, 5-year average93.19x
P/B, 5-year average3.50x
Profitability
Operating margin (excl. other income)-123300.00%
Operating margin (incl. other income)-103900.00%
EBITDA margin-62200.00%
Pre-tax margin-63100.00%
Net profit margin-53600.00%
ROE-15.95%
ROCE-16.95%
ROA-12.49%
ROE, 3-year average19.60%
ROCE, 3-year average21.61%
ROA, 3-year average16.86%
ROE, 5-year average12.38%
ROCE, 5-year average13.63%
ROA, 5-year average10.64%
ROIC (approx.)-8.21%
Tax rate14.03%
Other income / net worth3.45%
Growth
Sales growth (latest year)-98.21%
Profit growth (latest year)-241.96%
Sales CAGR, 3 years-89.31%
Sales CAGR, 5 years-71.54%
Profit growth YoY (latest quarter)216.67%
Per share
EPS (TTM)Rs -2.56
EPS (latest year)Rs -4.30
EPS (latest quarter)Rs 2.54
EPS, 3-year averageRs 2.34
EPS, 5-year averageRs 1.46
Book value per shareRs 26.88
Sales per shareRs 0.00
Cash flow per shareRs -1.27
Free cash flow per shareRs -1.27
Efficiency
Asset turnover0.00x
Fixed asset turnover0.01x
Inventory turnover0.01x
Inventory days67890 days
Creditor days0 days
Cash conversion cycle67890 days
Working capital days44895 days
Leverage
Total debtRs 10 Cr
Cash and bankRs 1 Cr
Net debtRs 9 Cr
Debt to equity0.17x
Interest coverage-69.11x
Owners' fund to total sources70.53%
Debt to assets12.22%
Cash flow
Cash from Operating Activity (latest year)Rs -3 Cr
Cash from Investing Activity (latest year)Rs -15 Cr
Cash from Financing Activity (latest year)Rs 18 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -3 Cr
Cash from ops / profit, 5 years-0.23x
Statement figures
Net sales (TTM)Rs 0 Cr
Net sales (latest year)Rs 0 Cr
Operating profit excl. other income (latest year)Rs -12 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs -5 Cr
EBITDA (TTM)Rs -6 Cr
PBDT (TTM)Rs -6 Cr
Profit before tax (TTM)Rs -6 Cr
Tax (latest year)Rs -1 Cr
Net profit (TTM)Rs -5 Cr
Net profit (latest year)Rs -9 Cr
Net profit (latest quarter)Rs 5 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 12 Cr
Total income (latest year)Rs 2 Cr
Share capitalRs 21 Cr
ReservesRs 35 Cr
Shareholders' fundsRs 56 Cr
Total assetsRs 80 Cr
Net blockRs 1 Cr
InvestmentsRs 45 Cr
InventoryRs 9 Cr
Other liabilitiesRs 14 Cr
Shares outstanding (crore)2.09
Ownership
Promoter holding55.37% (+9.95 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 5.95 is at the 67th percentile (median 4.52).
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 | 539834 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -9.6% | -2.8% | -6.8 pts |
| 1 month | -18.8% | -6.8% | -12.0 pts |
| 3 months | -14.3% | -7.6% | -6.7 pts |
| 3 years | +658.2% | +14.2% | +644.0 pts |
| 5 years | +5147.5% | +27.9% | +5119.6 pts |
Red flags
F-score 1 of 8| explain | Weak cash conversion Cash from operations was 12% of net profit over the last 3 years |
| explain | Share dilution Share count up 10% in a year, 27% in three |
| look | Inventory outrunning sales Inventory grew -1% vs sales -98% 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 ₹0 Cr.
Net profit ₹5 Cr +216.7%.
Activity
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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 Balgopal Commercial Ltd?
Balgopal Commercial Ltd (539834) has a market capitalisation of Rs 414 Cr. at the 2026-10-01 close.
What were Balgopal Commercial Ltd's latest quarterly results?
In the Jun 2026 quarter, Balgopal Commercial Ltd sales was Rs 0 Cr and net profit was Rs 5 Cr.