Balaji PhosphatesShare price, financial results, shareholding and management
- Market cap
- ₹300 cr
- Stock P/E
- 29.4peers 14.5
- Book value
- ₹38.1
- Price to book
- 3.31
- EV / operating profit
- 17.9
- Market cap to sales
- 1.76
- ROCE · FY26
- 15.2%
- ROE · FY26
- 12.0%
- ROE, 3-year average
- 14.9%
- Operating margin · FY26
- 11.1%peers 9.1%
- Sales growth, 3 years
- 5.5%
- Profit growth, 3 years
- 19.4%
- Debt to equity
- 0.47peers 0.70
- Borrowings
- ₹42.5 cr
- Interest cover
- 5.2×
- Cash from business / op. profit
- 25%
- Debtor days
- 145
- Pledged
- 0.00%
- Promoter holding
- 69.90%
- Change in promoter holding
- 0.00 pts
- Shareholders
- 433
- 52-week high / low
- ₹150 / ₹79
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
Balaji Phosphates share price chart
Close on 6 Nov 2026 · +5.39% on the day · Vol 17,000
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- +19.1%
- 3 months
- +41.8%
- 6 months
- +25.0%
- 1 year
- +4.3%
- Since IPO
- +80.3%
- Traded a day, 20 days
- ₹0.24 cr
- Taken for delivery
- 92%
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +35% | +29% |
| 3 years, a year | +6% | +19% |
| Latest half, H2 FY26 | +34% | -39% |
About Balaji Phosphates: business, products and customers
Balaji Phosphates makes a low cost phosphate fertilizer called Single Super Phosphate for farmers in Madhya Pradesh and nearby states, and owns a company next door that makes truck weighbridges. Its shares trade on NSE Emerge.
Balaji Phosphates makes Single Super Phosphate (SSP), a cheap fertilizer that gives soil phosphorus and sulphur, at one plant in Dewas, Madhya Pradesh, along with zinc sulphate and SSP fortified with zinc and boron, sold under the RATNAM and BPPL brands. It sells through dealers, retailers, wholesalers and state cooperatives, mainly in Madhya Pradesh and nearby states, and SSP is by far its largest product. The present promoters, Mohit Airen and Alok Gupta, took control of the company in 2014 and listed it on NSE Emerge in March 2025.
SSP falls under the government's nutrient based subsidy scheme, so part of the price of each tonne is a subsidy paid by the Government of India, earned only once retailers have sold the fertilizer to farmers. Because the government in effect sets the subsidy and the retail price, rises in the cost of imported rock phosphate, sulphuric acid and fuel come mostly out of the margin, which Crisil says limits how far costs can be passed on. Cash comes in slowly, partly because the subsidy is collected from the government after the sale, and stock peaks in March because fertilizer has to reach dealers before the monsoon.
Read more about the business
Its subsidiary Jyoti Weighing Systems, beside the fertilizer plant, makes pit and pitless truck weighbridges and has started making and installing weigh in motion systems. The offer document compares the company with the listed phosphate fertilizer makers Coromandel International, Paradeep Phosphates and Rama Phosphates, all far larger, and says low entry barriers leave the industry open to new capacity from existing producers.
In FY26 the company spent over ₹13 cr on a new finished goods warehouse of over 8,000 tonnes, a rebuilt granulation plant, a new chimney and overhead cranes. In July and August 2026 the board approved share warrants and plans to bring the businesses of two promoter group companies, Chatak Agro (India) and Divya Jyoti Agritech, into the company, partly in exchange for new shares.
From the March 2025 offer document, the FY26 and FY25 annual reports, the Crisil rating note of 4 June 2026 and the exchange announcements of 10 July and 27 August 2026.
Read the deeper study ↓In its favour
- The promoters own a large part of the company: 69.90%.
To watch
- The terms of the purchases of the Chatak Agro (India) and Divya Jyoti Agritech businesses from the promoter group, and of the warrants, approved by the board on 27 August 2026.
- Whether the guarantee for Divya Shakti Foods' bank loans stays in place; in FY25 the company also gave that firm a ₹9.88 cr capital advance and a ₹6.51 cr loan, which the FY25 annual report says were recovered before the accounts were signed (Annual report FY25, p.156).
- The joint statutory auditor Bagaria & Co. LLP resigned with effect from 9 June 2025 (Annual report FY26, p.41); in June 2026 NSE asked about a missing auditor's certificate on the use of IPO money, which the company said was left out through human error (Reply to NSE, 1 July 2026, p.1).
- Criminal cases filed by state agriculture officials under the Fertilizer Control Order over fertilizer samples found below standard, pending in courts in Maharashtra and elsewhere at the time of the offer document (Offer document, p.292 and p.293).
- It paid no dividend in the past year.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
Balaji Phosphates revenue and profit growth
Half-yearly results · Profit and lossSales have grown slowly. Last year profit grew more slowly than sales, so the profit kept from each rupee of sales slipped.
SME companies report every six months. In the latest half, sales were higher than in the same half a year before. Profit grew more slowly than sales, so each rupee of sales left a little less profit.
Balaji Phosphates half-yearly results
SME companies report every six months · ₹ crore
| H2FY24 | H1FY25 | H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|---|---|
| Sales | 55 | 62 | 64.08 | 84.71 | 85.77 |
| Expenses | 52 | 56 | 56.79 | 72.17 | 79.40 |
| Operating profit | 3 | 6 | 7.29 | 12.54 | 6.36 |
| OPM | 6.0% | 10.0% | 11.4% | 14.8% | 7.4% |
| Interest | 2 | 2 | 2.01 | 1.74 | 1.76 |
| Depreciation | 0 | 0 | 0.51 | 0.51 | 0.63 |
| Profit before tax | 1 | 6 | 4.90 | 10.90 | 4.08 |
| Net profit | 1 | 4 | 3.58 | 8.05 | 2.17 |
Balaji Phosphates profit and loss
Full years to March, FY20 to FY26 · ₹ crore, consolidated where reported
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Sales | 59 | 103 | 127 | 145 | 152 | 126.52 | 170.47 |
| Expenses | 52 | 98 | 120 | 133 | 139 | 113.25 | 151.48 |
| Operating profit | 7 | 5 | 8 | 12 | 12 | 13.27 | 18.99 |
| OPM | 12.0% | 4.9% | 6.0% | 8.0% | 8.0% | 10.5% | 11.1% |
| Other income | 1 | 0 | 1 | 0 | 0 | 2.05 | 0.72 |
| Interest | 2 | 2 | 3 | 3 | 3 | 3.72 | 3.59 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 0.95 | 1.14 |
| Exceptional and other items | -1 | · | · | · | · | · | · |
| Profit before tax | 4 | 2 | 5 | 8 | 8 | 10.64 | 14.98 |
| Tax rate | 25.0% | 50.0% | 40.0% | 25.0% | 25.0% | 25.6% | 31.8% |
| Net profit | 3 | 1 | 3 | 6 | 6 | 7.92 | 10.22 |
| EPS ₹ | · | 0.76 | 1.81 | 3.42 | 3.39 | 4.34 | 4.30 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
The years to FY24 come rounded to the nearest crore in the source.
Exceptional and other items: profit before tax beyond operating profit, other income, interest and depreciation, such as one-off items or a share of associates' profit, as reported.
Balaji Phosphates profitability
Margins and returns on capitalLast year the company kept about as much from each rupee of sales as the year before. It earns a moderate return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 12.0% | 4.9% | 6.0% | 8.0% | 8.0% | 10.5% | 11.1% |
| Tax rate | 25.0% | 50.0% | 40.0% | 25.0% | 25.0% | 25.6% | 31.8% |
| ROCE | · | 10.8% | 18.8% | 22.2% | 17.9% | 16.0% | 15.2% |
| ROE | · | 5.0% | 13.3% | 22.6% | 18.8% | 13.8% | 12.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Balaji Phosphates debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown. Its loans are smaller than its own money. Last year the business brought in less cash than it showed as profit, so part of the profit is still to be collected. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take longer to pay than they did in FY24, which ties up more of the company's money in unpaid bills.
Bars below the line are cash going out.
Balaji Phosphates balance sheet
At each 31 March · ₹ crore
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Equity capital | 8 | 6 | 6 | 9 | 18 | 23.78 | 23.78 |
| Reserves | 11 | 15 | 18 | 20 | 17 | 56.26 | 66.88 |
| Net worth | 19 | 21 | 24 | 29 | 35 | 80.04 | 90.66 |
| Borrowings | 14 | 20 | 20 | 26 | 33 | 31.27 | 42.48 |
| Other liabilities | 26 | 31 | 39 | 42 | 20 | 13.04 | 29.81 |
| Total liabilities | 59 | 72 | 83 | 97 | 88 | 124.35 | 162.95 |
| Fixed assets | 8 | 13 | 13 | 12 | 12 | 6.18 | 12.40 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 1.48 | 11.83 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 51 | 59 | 70 | 85 | 76 | 116.69 | 138.72 |
| Receivables | · | · | · | · | · | 44.69 | 67.88 |
| Inventory | · | · | · | · | · | 39.75 | 57.84 |
| Cash | · | · | · | · | · | 1.56 | 1.71 |
| Trade payables | · | · | · | · | · | 7.17 | 19.27 |
Balaji Phosphates cash flow
₹ crore
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | 6 | 7 | 3 | -4 | -3 | -36.44 | 4.71 |
| Cash from investing | 0 | -7 | -1 | 0 | -1 | 5.25 | -12.96 |
| Cash from financing | -6 | 1 | -2 | 4 | 4 | 31.45 | 8.01 |
| Net cash flow | 0 | 1 | 0 | 0 | 0 | 0.26 | -0.24 |
| Capital spending | · | · | · | · | · | 3.79 | 12.34 |
Working capital
Days
| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 149 | 93 | 82 | 76 | 75 | 129 | 145 |
| Inventory days | 196 | 116 | 94 | 152 | 106 | 173 | 186 |
| Days payable | 169 | 125 | 60 | 70 | 33 | 31 | 62 |
| Cash conversion cycle | 175 | 83 | 116 | 157 | 148 | 271 | 270 |
| Working capital days | 102 | 48 | 50 | 58 | 67 | 174 | 152 |
Balaji Phosphates peers and competitors
Listed SME companies in the same industryBy sales, Balaji Phosphates is number 5 of the 7 listed SME companies in fertilizers & agrochemicals.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Aristo Bio-Tech And Lifescience | 64 | 8.9 | 364 | 7.2 | 4.4% | 0.80 |
| Mahamaya Lifesciences | 438 | 25.7 | 329 | 17 | 10.0% | 0.75 |
| Crop Life Science | 106 | 16.3 | 207 | 6.5 | 8.6% | 0.64 |
| Anya Polytech & Fertilizers | 210 | 25.0 | 178 | 8.4 | 9.5% | 0.85 |
| Balaji Phosphates | 300 | 29.4 | 170 | 10.2 | 11.1% | 0.47 |
| Dhansa Labs | 70 | 12.7 | 142 | 5.5 | 7.7% | 0.48 |
| Shivchem Agro | 36 | 11.1 | 33.4 | 3.3 | 18.1% | 0.56 |
| Median of the 6 others | 88 | 14.5 | 193 | 6.8 | 9.1% | 0.70 |
Balaji Phosphates shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Big foreign and Indian funds own very little. The number of shareholders has come down.
Balaji Phosphates shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Mar 25 | Sep 25 | Mar 26 | Sep 26 | |
|---|---|---|---|---|
| Promoters | 69.90% | 69.90% | 69.90% | 69.90% |
| Foreign investors (FIIs) | 3.55% | 3.54% | 3.54% | 1.13% |
| Indian institutions (DIIs) | 1.35% | 0.77% | 0.11% | 0.11% |
| HNIs (over ₹2 lakh each) | 6.42% | 5.54% | 5.53% | 8.23% |
| Small holders (up to ₹2 lakh) | 3.88% | 1.91% | 1.80% | 1.73% |
| Companies and others | 14.90% | 18.34% | 19.12% | 18.90% |
| Number of shareholders | 583 | 347 | 392 | 433 |
The named holders are at 30 Sept 2026, beside 31 March 2026, each under the group the pattern files them in.
Balaji Phosphates study: the business from its own documents
Read from 5 of the company's own documentsBalaji Phosphates so far
From the company's own record
- 7 March 2025Listed on NSE Emerge at ₹70
- 30 Sept 2026Promoters at 69.90%
- 2 Sept 2025Highest close since listing, ₹168.57
Balaji Phosphates key facts from the filings
Each figure with the document it comes from
- SSP share of sales
- 75%
- Of FY26 revenue came from Single Super Phosphate; weighbridges made up most of the rest.Annual report FY26, p.96
- SSP plant use
- 55.9%
- Of the 1,20,000 tonne a year SSP plant at Dewas was used in FY26, so output can grow without a new plant.Annual report FY26, p.14
- NPK line use
- 0.07%
- Of the 49,500 tonne a year NPK mixing line was used in FY25; the line has stood almost idle for years.Annual report FY25, p.18
- Weighbridge subsidiary
- ₹35.0 cr
- Turnover of Jyoti Weighing Systems in FY26, with profit after tax of ₹0.79 cr.Annual report FY26, p.45
- Bank lines in use
- About 97%
- Average use of bank working capital limits in the year to March 2026; Crisil calls liquidity stretched.Crisil rating note, 4 June 2026, p.1
Show 4 more facts
- Credit rating
- Crisil BB+
- Stable outlook on ₹40 cr of bank facilities, assigned on 4 June 2026.Crisil rating note, 4 June 2026, p.1
- IPO money
- ₹41.6 cr
- Raised from new shares at ₹70 each in March 2025; ₹40.7 cr had been used by March 2026, with no change from the stated purposes.Results filing, 29 May 2026, p.17 and p.20
- Guarantee for a promoter firm
- ₹17.8 cr
- Guarantee given to Axis Bank for loans to Divya Shakti Foods, which the annual report calls a promoters' related party.Annual report FY26, p.170
- Sales to a promoter firm
- ₹2.8 cr
- Services sold in FY26 to Chatak Agro (India), where a director has significant influence; it owed the company ₹3.2 cr at March 2026.Annual report FY26, p.157 and p.159
What the company said, and what happened
The company's own statements, attributed, set against what it later reported; not newboard's estimates
The company gives no order book or sales guidance. On 27 August 2026 its board approved, subject to shareholders and the exchange, buying the business of Chatak Agro (India) for up to ₹35 cr, paid partly in up to 14,49,900 new shares at ₹93.78, buying the business of Divya Jyoti Agritech for up to ₹15 cr, and issuing warrants worth up to ₹24.81 cr to Mohit Airen, Alok Gupta and Divya Jyoti Agritech. On 10 July 2026 it approved up to 25,00,000 warrants at ₹98.30 for investors outside the promoter group. The annual report says the company expects to explore adding SSP capacity in Madhya Pradesh and Gujarat, without a date.
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
Balaji Phosphates turns imported rock and acid into a cheap fertilizer that farmers need every season, and earns a thin margin between prices the government shapes and its own input costs.
Its weak spots are slow cash, bank lines that are nearly fully used, and many money dealings with companies run by its promoters.
WatchCan it set its own prices?Hardly. The government sets the subsidy and in effect the retail price, so when acid and fuel costs rise the margin shrinks.
AverageHow strong is it against rivals?Its plant sits close to raw materials and to its farm markets, which keeps freight low, but SSP is simple to make and many regional and national firms compete.
WatchWho are its customers?Dealers, retailers and state cooperatives that order without long term contracts, plus the government, which pays the subsidy part of each sale only after retailers have sold it to farmers.
WatchDoes it need a lot of money?Yes, for working capital. Money owed by customers and the government, and stock built up before the monsoon, tie up cash, and the bank lines are nearly fully drawn.
AverageCan it keep finding new work?Fertilizer is bought every season and Crisil notes repeat orders, but there is no order book and the main plant has long run at a little over half its capacity.
WatchDo good and bad years swing a lot?Yes. Sales fell one year and jumped the next, and profit in the latest half was far below the half before it.
Who runs Balaji Phosphates?
Promoters, directors and officers; tap a name for the background
MAMohit AirenPromoter, Chairman and Managing Director · holds 27.67%
A commerce graduate with a master's degree in Business Economics from Devi Ahilya Vishwavidyalaya, Indore, with more than 20 years managing businesses of corporate entities. A director since 16 September 2013 and Managing Director since 8 May 2023 for five years; also a director of other companies including Chatak Agro (India), Divyajyoti Agritech, Divyashakti Foods and Shalini Plastic. Paid ₹0.50 cr in FY26. Lent the company ₹19.4 cr during FY26 and was repaid ₹18.7 cr, leaving ₹0.61 cr due at March 2026. The offer document lists an outstanding income tax demand of ₹0.74 cr for assessment year 2016 to 2017.
Offer document, p.158, p.159 and p.294; Annual report FY26, p.60 and p.158AGAlok GuptaPromoter and Executive Director · holds 22.02%
A commerce graduate (1997) from Devi Ahilya University, Indore, with more than 20 years managing businesses of corporate entities; a director since 16 September 2013 and of the same group companies. Paid ₹0.30 cr in FY26. Lent the company ₹8.2 cr during FY26, with ₹2.3 cr due at March 2026. The offer document lists an outstanding income tax demand of ₹0.95 cr for assessment year 2016 to 2017. The documents state that none of the directors are related to one another.
Offer document, p.159, p.160, p.163 and p.294; Annual report FY26, p.60 and p.158SKSunil Kumar TalwarExecutive Director (marketing)
Has 40 years as a marketing executive with fertilizer makers near Indore and was a consultant to the company for seven years before joining the board on 8 April 2023. The offer document says the original educational certificates are not traceable, so no qualification is disclosed.
Offer document, p.160 and p.178RKRavindra Kumar ChourishiChief Financial Officer
Holds a master's degree in commerce and has 37 years in finance and accounts, earlier with Gujarat Ambuja Exports and Venkatesh Beverages; with the company since November 2020.
Offer document, p.178; Annual report FY26, p.32NLNupur LodwalIndependent Director
A qualified company secretary with degrees in business administration, law and commerce and six years in capital markets and corporate law; on the board since 8 May 2023 and chair of the audit committee.
Offer document, p.161 and p.162; Annual report FY26, p.58SGSweena GangwaniIndependent Director
A company secretary with an MBA in finance and human resources and over ten years in legal and compliance work; on the board since 1 August 2024 and chair of the nomination and remuneration committee.
Offer document, p.162; Annual report FY26, p.59Balaji Phosphates latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹85.8 cr (+34%), net profit ₹2.2 cr (-39%) on H2 FY25.
- Shareholding, 30 Sept 2026: promoters unchanged at 69.90%.
Balaji Phosphates announcements
87 on record, latest first; each opens the filing on the exchange
- Structural Digital DatabaseSDD Certificate for the half year ended 31.09.2026PDF ↗
- Updates'Compliance under regulation 57(5) for the quarter.'PDF ↗
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Certificate under SEBI (Depositories and Participants) Regulations, 2018PDF ↗
- Quarterly Compliance Report on Corporate governance - within 21 days from the enBalaji Phosphates Limited has informed regarding Submission of the Compliance Report on Corporate Governance for the Q2 FY 2026-27PDF ↗
- Trading WindowClosure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015PDF ↗
- Shareholders meetingvoting results of Annual General Meeting held on September 26, 2026PDF ↗
- Shareholders meetingSrutinizers report of Annual General Meeting held on September 26, 2026PDF ↗
- Issue of Securitiesissue of SecuritiesPDF ↗
- Increase in Authorised Capitalincrease in Authorised CapitalPDF ↗
- Issue of Securitiesissue of SecuritiesPDF ↗
- Amendment to AOA/MOAOf the companyPDF ↗
- Shareholders meetingProceedings of Annual General Meeting held on September 26, 2026PDF ↗
Balaji Phosphates annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
- Offer document ↗read
- Credit ratings ↗read
Balaji Phosphates share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Balaji Phosphates' data · 9
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (2,37,77,100 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter pledge figures are within possible limits in every shareholding pattern shown.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- ✓Earnings per share moves in line with profit across the years shown.
- ✓Revenue and profit are reported for every year shown, FY20 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Balaji Phosphates
What does Balaji Phosphates do?
Balaji Phosphates makes a low cost phosphate fertilizer called Single Super Phosphate for farmers in Madhya Pradesh and nearby states, and owns a company next door that makes truck weighbridges. Its shares trade on NSE Emerge.
What is the share price of Balaji Phosphates?
₹126 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Balaji Phosphates?
₹300 cr at the close on 6 Nov 2026, on 2,37,77,100 shares.
What is the P/E of Balaji Phosphates?
29.4 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Balaji Phosphates' revenue and profit?
Revenue ₹170 cr and profit after tax ₹10 cr in FY26.
Who are the promoters of Balaji Phosphates?
Mohit Airen, Alok Gupta; promoters held 69.90% at 30 Sept 2026.
What was the IPO price of Balaji Phosphates?
₹70 a share; it listed on 7 March 2025.
What is Balaji Phosphates' website?
www.balajiphosphates.com
More SME companies like Balaji Phosphates
Other listed SME companies in fertilizers & agrochemicals, the closest in size first, each read from its own documents.
- Anya Polytech & FertilizersANYA · NSE Emerge · Fertilizers & Agrochemicals · listed 2025Market cap ₹212 cr
- Mahamaya LifesciencesMAHALIFE · BSE SME · Fertilizers & AgrochemicalsMarket cap ₹426 cr
- Crop Life ScienceCLSL · NSE Emerge · Fertilizers & Agrochemicals · listed 2023Market cap ₹171 cr
- Dhansa LabsDHANSA · NSE Emerge · Fertilizers & Agrochemicals · listed 2024Market cap ₹70 cr
- Aristo Bio-Tech And LifescienceARISTO · NSE Emerge · Fertilizers & Agrochemicals · listed 2023Market cap ₹68 cr
- Shivchem AgroSHIVCHEM · BSE SME · Fertilizers & AgrochemicalsMarket cap ₹22 cr
Every listed SME company in Fertilizers & Agrochemicals → · SME companies listed in 2025 →
Built from 2 annual reports, 1 offer document, 1 result filing, 1 credit rating note, 87 exchange announcements, 4 shareholding patterns and 7 years of reported results. Every figure carries its source; where the documents are silent, the page says so.