---
title: "Balaji Galvanising Industries Ltd (530205) — Share Price, Financials & Analysis"
symbol: "530205"
company: "Balaji Galvanising Industries Ltd"
canonical: "https://tapetide.com/stocks/530205"
isin: "INE892G01019"
bse_code: "530205"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T18:41:13.488Z"
---

# Balaji Galvanising Industries Ltd (530205)

Canonical page: https://tapetide.com/stocks/530205

## Company

- **BSE Code:** 530205
- **ISIN:** INE892G01019
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** bgil.co.in

## About

Balaji Galvanising Industries manufactures and sells steel wire and wire products in India.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -54.2% over past five years.
- Company has a low return on equity of -23.6% over last 3 years.
- Company has high debtors of 2,576 days.
- Working capital days have increased from 1,496 days to 4,337 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 46% | — | 8% |
| revenue growth | -97% | -72% | -54% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.18 | 2.21 | 2.38 | 1.59 | 2.03 | 2.29 | 2.16 | 2.11 | 2.29 | 1.96 | 2.15 | 2.4 |
| Expenses | 2.33 | 2.24 | 2.39 | 1.79 | 1.8 | 2.45 | 1.97 | 2.29 | 2.31 | 1.78 | 2.13 | 2.6 |
| Operating Profit | -0.15 | -0.03 | -0.01 | -0.2 | 0.23 | -0.16 | 0.19 | -0.18 | -0.02 | 0.18 | 0.02 | -0.2 |
| OPM % | -6.88 | -1.36 | -0.42 | -12.58 | 11.33 | -6.99 | 8.8 | -8.53 | -0.87 | 9.18 | 0.93 | -8.33 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0.08 | 0.01 | 0.01 | 0.01 | 0 | 0.12 | 0 |
| Interest | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | 0.19 | 0.02 | 0.04 | 0.05 | 0.03 | 0.02 | 0.04 |
| Depreciation | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 | 0.02 | 0.04 |
| Profit before tax | -0.23 | -0.11 | -0.09 | -0.28 | 0.14 | -0.32 | 0.14 | -0.26 | -0.11 | 0.1 | 0.1 | -0.28 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -0.22 | -0.11 | -0.09 | -0.28 | 0.14 | -0.31 | 0.14 | -0.26 | -0.11 | 0.1 | 0.1 | -0.28 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 9.29 | 9.48 | 10.83 | 7.97 | 8.39 | 8.33 | 8.06 | 8.51 | 6.63 | 0.17 |
| Expenses | 8.74 | 9.05 | 10.35 | 8.29 | 8.89 | 8.4 | 7.77 | 8.5 | 7.13 | 2.3 |
| Operating Profit | 0.55 | 0.43 | 0.48 | -0.32 | -0.5 | -0.07 | 0.29 | 0.01 | -0.5 | -2.13 |
| OPM % | 5.92 | 4.54 | 4.43 | -4.02 | -5.96 | -0.84 | 3.6 | 0.12 | -7.54 | -1252.94 |
| Other Income | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.45 | 0.02 | 0.13 | 0.03 | 3.63 |
| Interest | 0.01 | 0 | 0.09 | 0.1 | 0.13 | 0.15 | 0.15 | 0.14 | 0.16 | 0.01 |
| Depreciation | 0.19 | 0.19 | 0.2 | 0.2 | 0.19 | 0.18 | 0.17 | 0.16 | 0.14 | 0.11 |
| Profit before tax | 0.36 | 0.25 | 0.2 | -0.6 | -0.8 | 0.05 | -0.01 | -0.16 | -0.77 | 1.38 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 0.36 | 0.25 | 0.2 | -0.59 | -0.8 | 0.05 | -0.01 | -0.16 | -0.77 | 1.37 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4.95 | 4.95 | 4.95 | 4.95 | 4.95 | 4.95 | 4.95 | 4.95 | 4.95 | 4.95 |
| Reserves | -1.81 | -1.56 | -1.36 | -1.95 | -2.75 | -2.72 | -2.74 | -2.9 | -3.67 | -2.29 |
| Borrowings | 0.03 | 0.01 | 0.68 | 1.15 | 1.64 | 1.65 | 1.81 | 1.81 | 1.12 | 0 |
| Other Liabilities | 1.68 | 2.72 | 2.37 | 1.95 | 2.07 | 1.75 | 1.49 | 1.49 | 0.64 | 0.49 |
| Total Liabilities | 4.85 | 6.12 | 6.64 | 6.1 | 5.91 | 5.63 | 5.51 | 5.35 | 3.04 | 3.15 |
| Fixed Assets | 2.15 | 1.96 | 1.95 | 1.77 | 1.6 | 1.4 | 1.23 | 1.06 | 0.92 | 0 |
| CWIP | 0 | 0.07 | 0.14 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 2.7 | 4.09 | 4.55 | 4.18 | 4.16 | 4.08 | 4.13 | 4.14 | 1.97 | 3.15 |
| Total Assets | 4.85 | 6.12 | 6.64 | 6.1 | 5.91 | 5.63 | 5.51 | 5.35 | 3.04 | 3.15 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.1 | 0.08 | -0.3 | -0.42 | -0.33 | 0.18 | 0.17 | 0.06 | 0.64 | -1.07 |
| Cash from Investing Activity | -0.09 | -0.06 | -0.25 | -0.01 | 0 | 0.02 | 0.02 | 0.03 | 0.02 | 2.79 |
| Cash from Financing Activity | -0.07 | -0.02 | 0.58 | 0.36 | 0.34 | -0.14 | 0.01 | -0.14 | -0.85 | -1.13 |
| Net Cash Flow | -0.06 | 0 | 0.03 | -0.07 | 0.01 | 0.06 | 0.2 | -0.05 | -0.19 | 0.58 |
| Free Cash Flow | 0 | 0.01 | -0.56 | -0.44 | -0.35 | 0.18 | 0.17 | 0.06 | 0.64 | 1.67 |
| CFO/OP | 18 | 19 | -60 | 128 | 66 | -257 | 59 | 600 | -128 | 50 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 35.75 | 57.75 | 69.43 | 104.42 | 100.06 | 106.91 | 94.19 | 82.35 | 70.47 | 2576.47 |
| Inventory Days | 76.47 | 114.53 | 80.37 | 82.9 | 72.76 | 57.2 | 80.01 | 84.41 | 10.05 | 0 |
| Days Payable | 77.49 | 96.11 | 89.58 | 106.03 | 98.79 | 76.66 | 69.43 | 65.39 | 32.82 | — |
| Cash Conversion Cycle | 34.73 | 76.18 | 60.22 | 81.28 | 74.03 | 87.46 | 104.77 | 101.37 | 47.7 | 2576.47 |
| Working Capital Days | 37.72 | 44.28 | 64.71 | 91.14 | 79.61 | 88.51 | 96 | 93.07 | 57.81 | 4337.06 |
| ROCE % | 12.25 | 7.61 | 7.56 | -11.88 | -16.77 | 5.18 | 3.54 | -0.51 | -19.81 | -15.81 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 |
| --- | --- | --- |
| Promoters | 40.37% | 40.37% |
| DIIs | 2.02% | 2.02% |
| Government | 4.98% | 4.98% |
| Public | 52.64% | 52.64% |
| No. of Shareholders | 1823 | 1823 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 40.37% | 40.37% | 40.37% | 40.37% | 40.37% | 40.37% | 40.37% | 40.37% |
| DIIs | 2.02% | 2.02% | 2.02% | 2.02% | 2.02% | 2.02% | 2.02% | 2.02% |
| Government | 4.98% | 4.98% | 4.98% | 4.98% | 4.98% | 4.98% | 4.98% | 4.98% |
| Public | 52.64% | 52.64% | 52.64% | 52.64% | 52.64% | 52.64% | 52.64% | 52.64% |
| No. of Shareholders | 1823 | 1823 | 1823 | 1823 | 1822 | 1822 | 1822 | 1823 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 3 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 171.45 | Sell |
| EMA (10) | 171.68 | Sell |
| SMA (20) | 181.98 | Sell |
| EMA (20) | 178.95 | Sell |
| SMA (50) | 193.13 | Sell |
| EMA (50) | 191.02 | Sell |
| SMA (100) | 205.25 | Sell |
| EMA (100) | 200.57 | Sell |
| SMA (200) | 213.03 | Sell |
| EMA (200) | 205.94 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 28.38 | Buy |
| MACD (12,26,9) | -8.77 | Sell |
| Stochastic (14,3,3) | 11.89 | Buy |
| ADX (14) | 29.29 | Buy |
| Williams %R (14) | -89.7 | Buy |
| ATR (14) | 9.91 | High Volatility |
| ROC (12) | -14.11 | Sell |
| Stoch RSI (14) | 25.23 | Neutral |
| UO (7,14,28) | 33.16 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 6 Feb - Board approved allotment (04-Feb-2026) of 1,00,000 warrants at ₹300 each (₹3 crore); 25% received; convertible 18 months. | [Announcement under Regulation 30 (LODR)-Allotment 6 Feb - Board approved allotment (04-Feb-2026) of 1,00,000 warrants at ₹300 each (₹3 crore); 25% received; convertible 18 months.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6a5b34f9-3c82-4655-92e7-ff62aef36391.pdf) |
| 30 Jan - RHP filed for Brandman Retail; anchor Feb 3, issue Feb 4–6, listing proposed Feb 11, 2026. | [General Update 30 Jan - RHP filed for Brandman Retail; anchor Feb 3, issue Feb 4–6, listing proposed Feb 11, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0365f6ce-2710-4d3e-862c-4923c08429f7.pdf) |
| 29 Jan - Promoter group sold 257,717 shares for Rs 77.68 million on 27-28 Jan 2026; stake fell to 9.20%. | [Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015 29 Jan - Promoter group sold 257,717 shares for Rs 77.68 million on 27-28 Jan 2026; stake fell to 9.20%.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/90860c46-603b-473a-980a-1440a04c0faa.pdf) |
| 29 Jan - Allotment of 270,000 equity shares at ₹379 on Jan 29, 2026; promoter converted 262,800. | [Announcement Under Regulation 30 (LODR)-Conversion Of Securities 29 Jan - Allotment of 270,000 equity shares at ₹379 on Jan 29, 2026; promoter converted 262,800.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/537e9e0a-2f7e-4d47-bf28-3cd2ff29255d.pdf) |
| 27 Jan - In-principle approval for 100,000 warrants convertible into 100,000 shares at ≥Rs300 each (Jan 22, 2026). | [General Updates 27 Jan - In-principle approval for 100,000 warrants convertible into 100,000 shares at ≥Rs300 each (Jan 22, 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a4eca5d2-11ac-4269-9c4d-40c9e7f633f2.pdf) |
| 24 Feb - RHP filed for Acetech E-Commerce; issue Feb 27–Mar 4, proposed listing Mar 9, 2026. | [General Update 24 Feb - RHP filed for Acetech E-Commerce; issue Feb 27–Mar 4, proposed listing Mar 9, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3580ba26-b466-4b0d-878b-04df1b45adc2.pdf) |
| 24 Apr 2018 - With reference to the above, please find enclosed herewith a copy of Certificate from a Practicing Company Secretary for the period from 1st October, 2017 … | [Certificate Under Regulation 40(9) Of The Listing Regulations, 2015 24 Apr 2018 - With reference to the above, please find enclosed herewith a copy of Certificate from a Practicing Company Secretary for the period from 1st October, 2017 …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0e9a2cce-33c3-428d-94ab-8462a9fa1349.pdf) |
| 24 Apr 2018 - With reference to the above, please find enclosed herewith a copy of Certificate from a Practicing Company Secretary for the period from 1st October, 2017 … | [Certificate Under Regulation 40(9) Of The Listing Regulations, 2015 24 Apr 2018 - With reference to the above, please find enclosed herewith a copy of Certificate from a Practicing Company Secretary for the period from 1st October, 2017 …](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/4/0e9a2cce-33c3-428d-94ab-8462a9fa1349.pdf) |
| 20 Apr 2018 - The Compliance Certificate certifying Physical & Electronic transfer facility, pursuant to Regulation 7(3), of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015. | [Compliance Certificate For The Half Year Ended 31St March, 2018 20 Apr 2018 - The Compliance Certificate certifying Physical & Electronic transfer facility, pursuant to Regulation 7(3), of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b16492d6-e56b-4e0e-9246-8138149f06fe.pdf) |
| 20 Apr 2018 - Compliance Certificate certifying Physical & Electronic transfer facility, pursuant to Regulation 7(3), of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015. | [Compliance Certificate For The Half Year Ended 31St March, 2018 20 Apr 2018 - Compliance Certificate certifying Physical & Electronic transfer facility, pursuant to Regulation 7(3), of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/4/b16492d6-e56b-4e0e-9246-8138149f06fe.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/04ed8b42-7570-46c6-b98e-4634734a6771.pdf) |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7ac2f3ba-a782-4c83-9663-2124f16ddafd.pdf) |
| Aug 2023 | [Concall - Aug 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b07c7772-9c2c-4d45-bd71-968b6c0f5197.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a2d07b90-849d-4855-a1b5-0b5a8c8e4957.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d2e6dcd5-49f2-4d2c-8112-9500b1bbb985.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/76ba2c3d-e557-4b9c-8431-676a9ae84ede.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/543324/76828543324.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/543324/72164543324.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:41:13.488Z.