---
title: "Balaji Industrial Corporation Ltd (BALAJIIND) — Share Price, Financials & Analysis"
symbol: "BALAJIIND"
company: "Balaji Industrial Corporation Ltd"
canonical: "https://tapetide.com/stocks/BALAJIIND"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T18:27:43.006Z"
---

# Balaji Industrial Corporation Ltd (BALAJIIND)

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

## Company

- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## Latest Price

## Key Insights

### Weaknesses

- Earnings include an other income of Rs.0.57 Cr.
- Debtor days have increased from 23.9 to 39.2 days.

## Growth Rates

| Metric | 1Y | 5Y |
| --- | --- | --- |
| net income growth | 103% | -34% |
| revenue growth | 17% | -40% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 203 | 162 | 121 | 148 | 148 | 152 | 163 | 170 | 165 | 154 | 160 | 158 |
| Expenses | 163 | 140 | 108 | 121 | 129 | 136 | 140 | 146 | 133 | 130 | 134 | 134 |
| Operating Profit | 40 | 23 | 13 | 28 | 19 | 16 | 23 | 24 | 32 | 24 | 27 | 25 |
| OPM % | 20 | 14 | 11 | 19 | 13 | 11 | 14 | 14 | 19 | 16 | 17 | 16 |
| Other Income | 5 | 12 | 4 | 5 | 5 | 11 | 5 | 5 | 8 | 12 | 5 | 4 |
| Interest | 6 | 4 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 |
| Depreciation | 8 | 9 | 9 | 9 | 11 | 12 | 13 | 12 | 13 | 12 | 12 | 12 |
| Profit before tax | 31 | 21 | 6 | 20 | 9 | 12 | 12 | 14 | 25 | 21 | 17 | 14 |
| Tax % | 28 | 25 | 46 | 29 | 35 | 20 | 20 | 22 | 21 | 26 | 26 | 25 |
| Net Profit | 22 | 16 | 3 | 14 | 6 | 9 | 10 | 11 | 19 | 16 | 13 | 11 |
| EPS in Rs | 40.05 | 28.38 | 5.35 | 25.21 | 10.1 | 16.63 | 17.1 | 19.07 | 34.46 | 27.89 | 22.63 | 19.42 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2010 | Mar 2011 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 29.8 | 74.63 | 66.22 | 51.73 | 4.85 | 5.68 |
| Expenses | 76.76 | 68.74 | 67.05 | 62.52 | 77.66 | 5.04 |
| Operating Profit | -46.96 | 5.89 | -0.83 | -10.79 | -72.81 | 0.64 |
| OPM % | -157.58 | 7.89 | -1.25 | -20.86 | -1501.24 | 11.27 |
| Other Income | 0 | 0.03 | 4.28 | 2 | 110.41 | 0.57 |
| Interest | 14.25 | 0.32 | 0.32 | 0.32 | 0 | 0.01 |
| Depreciation | 2.18 | 1.39 | 1.29 | 2.18 | 2.02 | 0.58 |
| Profit before tax | -63.39 | 4.21 | 1.84 | -11.29 | 35.58 | 0.62 |
| Tax % | -0.74 | -3.8 | -9.24 | -3.01 | -0.98 | 14.52 |
| Net Profit | -62.92 | 4.37 | 2.01 | -10.96 | 35.94 | 0.53 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2010 | Mar 2011 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 52.78 | 52.78 | 52.78 | 52.78 | 52.78 | 52.78 |
| Reserves | -339.85 | -360.57 | -327.13 | -312.07 | -271.42 | -270.04 |
| Borrowings | 574.04 | 315.42 | 266.16 | 224.91 | 222.53 | 216.23 |
| Other Liabilities | 99.53 | 52.03 | 61.61 | 63.29 | 13.73 | 16.47 |
| Total Liabilities | 386.5 | 59.66 | 53.42 | 28.91 | 17.62 | 15.44 |
| Fixed Assets | 11.42 | 8.05 | 7.97 | 7.53 | 6.11 | 8.6 |
| CWIP | 0 | 0 | 0.66 | 0 | 0.11 | 0 |
| Investments | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 |
| Other Assets | 375.04 | 51.57 | 44.76 | 21.35 | 11.37 | 6.81 |
| Total Assets | 386.5 | 59.66 | 53.42 | 28.91 | 17.62 | 15.44 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2010 | Mar 2011 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -10.99 | -0.45 | 21.08 | 3.19 | -67.69 | 4.84 |
| Cash from Investing Activity | -2.72 | -0.82 | -2.16 | -0.62 | 9.07 | 1.41 |
| Cash from Financing Activity | 13.79 | 1.27 | -17.83 | -1.93 | 57.24 | -6.31 |
| Net Cash Flow | 0.08 | 0 | 1.09 | 0.64 | -1.38 | -0.06 |
| Free Cash Flow | -11.37 | -0.99 | 19.21 | 3.32 | -67.45 | 3.11 |
| CFO/OP | 23 | -8 | -2540 | -30 | 93 | 756 |

### Ratios

| Item | Mar 2006 | Mar 2010 | Mar 2011 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 1006.08 | 131.71 | 54.4 | 3.18 | 29.35 | 39.2 |
| Inventory Days | 51.02 | 51.7 | 43.61 | 8.37 | — | — |
| Days Payable | 751.38 | 245.19 | 317.18 | 329.31 | — | — |
| Cash Conversion Cycle | 305.72 | -61.79 | -219.17 | -317.77 | 29.35 | 39.2 |
| Working Capital Days | 3397.19 | 1.27 | -95.85 | -1888.79 | -16188.69 | -821.25 |
| ROCE % | — | — | — | — | — | 44.06 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 55.24% | 59.09% | 58.86% | 58.86% | 58.35% | 57.48% | 57.47% | 57.47% | 57.47% | 57.47% |
| FIIs | 0.01% | 1.95% | 2.18% | 2.05% | 1.88% | 1.83% | 1.8% | 0.05% | 0.03% | 0.03% |
| DIIs | 3.83% | 3.76% | 3.76% | 2.06% | 1.49% | 2.11% | 1.79% | 1.79% | 1.86% | 1.64% |
| Government | 0% | 0.54% | 0.66% | 0.66% | 0.72% | 0.74% | 0% | 0% | 0% | 0% |
| Public | 40.92% | 34.66% | 34.54% | 36.37% | 37.56% | 37.84% | 38.95% | 40.69% | 40.63% | 40.86% |
| No. of Shareholders | 7822 | 8106 | 9224 | 9605 | 14273 | 13759 | 13453 | 14669 | 13599 | 13359 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 57.47% | 57.47% | 57.47% | 57.47% | 57.47% | 57.47% | 57.47% | 57.47% | 57.47% | 57.47% | 57.47% | 57.47% |
| FIIs | 1.8% | 1.85% | 1.86% | 0.95% | 0.05% | 0.05% | 0.05% | 0.03% | 0.03% | 0.04% | 0.03% | 0.03% |
| DIIs | 1.79% | 1.79% | 1.79% | 1.79% | 1.79% | 1.79% | 1.86% | 1.86% | 1.86% | 1.83% | 1.64% | 1.64% |
| Public | 38.95% | 38.89% | 38.88% | 39.78% | 40.69% | 40.69% | 40.62% | 40.64% | 40.63% | 40.65% | 40.86% | 40.86% |
| No. of Shareholders | 13453 | 12935 | 13308 | 13411 | 14669 | 14389 | 14202 | 13892 | 13599 | 13270 | 13460 | 13359 |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 8 / 7 / 4

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 72.88 | Buy |
| EMA (10) | 73.07 | Buy |
| SMA (20) | 72.99 | Buy |
| EMA (20) | 72.47 | Buy |
| SMA (50) | 71.33 | Buy |
| EMA (50) | 73.14 | Buy |
| SMA (100) | 77.26 | Sell |
| EMA (100) | 77.38 | Sell |
| SMA (200) | 88.95 | Sell |
| EMA (200) | 85.32 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 53.86 | Neutral |
| MACD (12,26,9) | 0.64 | Buy |
| Stochastic (14,3,3) | 48.56 | Neutral |
| ADX (14) | 22.63 | Neutral |
| Williams %R (14) | -43.23 | Neutral |
| ATR (14) | 4.28 | High Volatility |
| ROC (12) | 1.95 | Buy |
| Stoch RSI (14) | 61.71 | Neutral |
| UO (7,14,28) | 46.23 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Promoter Malti D. Bhatia (10,800 shares, 0.19%) seeks reclassification to public; board approved Feb 4, 2026; fee Rs.59,000 paid. | [Seeking Approval For Reclassification Under Regulation 31A Of SEBI LODR Regulations, 2015 9 Feb - Promoter Malti D. Bhatia (10,800 shares, 0.19%) seeks reclassification to public; board approved Feb 4, 2026; fee Rs.59,000 paid.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a804509b-d44f-40ca-b7e2-23f5fc1c2623.pdf) |
| 9 Feb - Newspapers advertisement pursuant to the provisions of Regulation 47 of SEBI LODR Regulations, 2015 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Feb - Newspapers advertisement pursuant to the provisions of Regulation 47 of SEBI LODR Regulations, 2015](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5bae8ad3-9cee-47aa-bfdf-82391fe031b9.pdf) |
| 4 Feb - Board approved unaudited standalone and consolidated results for quarter and nine months ended 31 Dec 2025; trading window reopens 7 Feb 2026. | [Board Meeting Outcome for Unaudited Results For The Quarter Ended 31.12.2025 4 Feb - Board approved unaudited standalone and consolidated results for quarter and nine months ended 31 Dec 2025; trading window reopens 7 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/59bf38e2-729c-4f71-b333-e960d6eac488.pdf) |
| 4 Feb - Board approved reclassification of Mrs Malti Bhatia (10,800 shares, 0.19%) to public, subject to BSE approval. | [Disclosure Under Regulation 31A (8) Of The SEBI (LODR) Regulations, 2015 4 Feb - Board approved reclassification of Mrs Malti Bhatia (10,800 shares, 0.19%) to public, subject to BSE approval.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4985f571-f743-405a-a1e7-16290b09ac92.pdf) |
| 29 Jan - Transpek Industry applied Jan 29, 2026 for promoter's reclassification to public (Reg 31A); Scrip Code 506687. | [Application Seeking Reclassification Of Status From Promoter Category To Public Category 29 Jan - Transpek Industry applied Jan 29, 2026 for promoter's reclassification to public (Reg 31A); Scrip Code 506687.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4fa9eca4-86da-46f9-bff4-a4bd6cae1066.pdf) |
| 20 Feb 2017 - Balaji Industrial Corporation Ltd has informed BSE regarding results of the postal ballot - Scrutinizer's report. | [Scrutinizer's report 20 Feb 2017 - Balaji Industrial Corporation Ltd has informed BSE regarding results of the postal ballot - Scrutinizer's report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0875221B_CFDE_4F7A_AF11_D2BE3ACC9458_155625.pdf) |
| 20 Feb 2017 - Balaji Industrial Corporation Ltd has informed BSE regarding results of the postal ballot - Scrutinizer's report. | [Scrutinizer's report 20 Feb 2017 - Balaji Industrial Corporation Ltd has informed BSE regarding results of the postal ballot - Scrutinizer's report.](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/2/0875221B_CFDE_4F7A_AF11_D2BE3ACC9458_155625.pdf) |
| 18 Feb - Investor Presentation for the month of February, 2026. | [Announcement under Regulation 30 (LODR)-Investor Presentation 18 Feb - Investor Presentation for the month of February, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dabff363-1b55-4d3b-ae56-39eaaabb3b85.pdf) |
| — | [Notice of Postal Ballot 12 Jan 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=17BC4951_A86B_4579_A833_981097D6C984_132015.pdf) |
| — | [Notice of Postal Ballot 12 Jan 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/1/17BC4951_A86B_4579_A833_981097D6C984_132015.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2022 | [Concall - Sep 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2ea1afa3-bdb0-42ab-b0c5-36d2b4e86459.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b00b1754-9feb-4466-8fdc-4f990fe75035.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5baded0d-50ad-47e4-9df8-1d2587ef919d.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/43755f76-c5bb-4e45-b130-96054b63c027.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d25e1d7d-1485-44e3-a698-5da98f0f7a2b.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/286fb510-5b04-4ae6-9d82-3244017f2634.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d0a34e97-d57d-43a3-abd4-12bb05bdf535.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f41a8123-93e7-4c8f-b93c-f9fe36b9f534.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1ecdea86-fb0a-4f25-9423-2279b09a3f1d.pdf) |
| Mar 2024 | [Concall - Mar 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/958a948f-d676-4864-92a1-03e437b14994.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5072f6bd-afb5-44d3-ae5a-1bacfb7641a3.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/20dadde3-5ef6-40b1-bb0d-5abeaae2a05b.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eda4296b-b8ba-4d47-816f-cba0e49f3bbc.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/506687/74432506687.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/506687/69686506687.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/506687/65471506687.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/506687/5066870319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/506687/5066870318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/506687/5066870317.pdf) |
| from bse | [Financial Year 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/506687/5066870316.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 2026-09-13T18:27:43.006Z.