BALPHARMAHealthcare

Bal Pharma Limited

Pharmaceuticals · ISIN INE083D01012 · BSE 524824 · NSE EQ · FV ₹10
Last price
₹102
+1.12%today
What this company does

Bal Pharma Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹89 cr of revenue in its latest quarter (Q1 FY27) and kept 1.3% of sales as profit.

In the report:
53out of 100
Equitytale Health Score
Mixed

Healthier than 53% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 81–150 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
61

At close. Not part of the score.

Profitability & returns35

How much profit it earns on the money it employs

Balance sheet5

How much it owes, and whether earnings cover the interest

Cash quality95

Whether reported profit actually arrives as cash

Growth & consistency59

Whether sales and profit have grown, and how steadily

Valuation67

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 35% vs last year
Profit up 439% vs last year
Promoters hold 51%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 1.3% net margin
! Low 5.5% return on equity
! Carries high debt (D/E 1.9)

What if I invest in BALPHARMA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹102 +1.12%
latest close · 2026-09-17
1-year return
+11.1%
52-wk low ₹8252-wk high ₹149
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio36.1High
LowAverageHigh
P/B ratio1.98Moderate
Below bookModerateHigh
EV / EBITDA9.5Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity5.5%Weak
WeakFairStrong ▸15%
Return on capital17.7%Strong
WeakFairStrong
Net margin1.3%Thin
ThinDecentStrong
EBITDA margin9.5%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.94High
LowModerateHigh ▸1
Interest cover1.3×Risky
RiskyOkayStrong ▸5×
Current ratio1.05Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹163 cr
Book value
₹52
EPS
₹0.71
latest quarter
Net debt
₹157 cr
owes more than its cash
Enterprise value
₹320 cr
EBITDA
₹34 cr
annualised
EBIT
₹22 cr
annualised
Operating margin
6.3%
Return on assets
1.2%
Earnings yield
2.77%
P/S
0.46
Sales / share
₹222.6
Tax rate
0.0%
Face value
₹10
Shares
1.6 cr
Working capital
₹13 cr
Current assets
₹262 cr
Current liabilities
₹249 cr
Delivery %
58.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹61₹114, midpoint ₹88

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹89 cr
Other Income₹43.8 L
Total Income₹89 cr
Cost of Materials₹48 cr
Purchases of Stock-in-Trade₹3 cr
Inventory Change (±)₹-22.8 L
Employee Benefit Expense₹17 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹3 cr
Other Expenses₹12 cr
Total Expenses₹88 cr
Profit before Tax₹1 cr
Tax Expense₹0 cr
Net Profit₹1 cr
Net margin on total income1.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹51 cr57.4%
Employee benefit expense₹17 cr19.2%
Finance costs₹4 cr5.0%
Depreciation & amortisation₹3 cr3.1%
Other expenses₹12 cr14.0%
Profit for the period₹1 cr1.3%
Total income ₹89 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue88 cr84 cr89 cr
Total income88 cr84 cr89 cr
Expenses86 cr81 cr88 cr
Profit before tax2 cr3 cr1 cr
Tax0 cr-38.6 L0 cr
Net profit (owners' share)2 cr4 cr1 cr
Net margin (owners' share, on revenue)2.0%4.3%1.3%
EPS (₹)1.122.260.71
YoY (latest quarter): total income +33.7% · net profit +438.8%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹376 cr
Shareholder equity
₹82 cr
parent shareholders
Total debt
₹160 cr
Cash
₹2 cr
Cash flow · H1 FY26
Operating
₹4 cr
Investing
₹-21 cr
Financing
₹-88.1 L
Peer comparison
Pharmaceuticals · by market value
CompanyPriceMarket capP/E
Sun Pharmaceutical Industries Limited₹1,867₹4.48 L cr38.6
Divi's Laboratories Limited₹9,323₹2.47 L cr68.7
Torrent Pharmaceuticals Limited₹4,875₹1.65 L cr82.0
Zydus Lifesciences Limited₹1,135₹1.13 L cr30.4
Cipla Limited₹1,376₹1.11 L cr35.2
Laurus Labs Limited₹1,948₹1.05 L cr71.5
Dr. Reddy's Laboratories Limited₹1,175₹98,113 cr55.1
Aurobindo Pharma Limited₹1,690₹97,243 cr23.7
Lupin Limited₹2,098₹95,936 cr16.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.17%
trailing 12 months
Dividend / share (TTM)
₹1.2
Last dividend
₹1.2
ex 17 Sep 2026
ActionDetailEx-date
Dividend₹1.2 / share17 Sep 2026
Dividend₹1.2 / share18 Sep 2025
Dividend₹1.2 / share17 Sep 2024
Dividend₹1 / share18 Sep 2023
Dividend₹1 / share13 Sep 2022
Dividend₹1 / share16 Sep 2021
Who owns it · 2026-06-30
No pledge
Promoter
50.9%
FII / Foreign
0.1%
DII / Domestic
Retail / others
49.0%
Promoter stake down 0.8% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtSHAILESH SIROYA · Promoters7.50 L · ₹3.8 cr13 Apr 22
BoughtMICRO LABS LIMITED · -4.00 L · ₹3.7 cr23 Nov 21
BoughtMICRO LABS LIMITED · Promoters3.01 L · ₹3.0 L27 Aug 21
Bulk / block deals
SoldORION STOCKS LTD · NSE1.23 L @ ₹89.721 Jul 26
BoughtORION STOCKS LTD · NSE16,325 @ ₹89.6921 Jul 26
SoldPARTH INFIN BROKERS PVT LTD · NSE1.11 L @ ₹124.364 Apr 25
Stake changes
BoughtMicro Labs Limited · promoter→ 13.57% · 4.00 L23 Nov 21
BoughtMicro Labs Limited · promoter→ 10.87% · 3.01 L27 Aug 21
BoughtShailesh Siroya · promoter→ 13.46% · 6.50 L17 Mar 21
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 8 Aug 2026
See the official result
1
To consider the issue of 10,00,000 Warrants to the Promoter of the Company on preferential basis
Backed by 95% of shareholders other than promotersneeded 75%
58,617 votes for, 3,264 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 12 named members
owning 50.9% between them · as of 2026-06-30
SHAILESH SIROYA17.24%
Micro Labs Limited12.64%
ANITA SIROYA6.59%
ANAND SURANA3.30%
CHANDRAPRAKASH DHEERAJMAL SIROYA3.06%
DILIP SURANA2.98%
ARCHANA SURANA1.79%
MONICA SURANA1.13%
Business done with them
FY2025 · 2 of the group
The company paid ₹0 cr to companies in the promoter group last year — about 0.0% of its ₹303 cr revenue and received ₹7 cr back from them.
Micro Labs Limited
Sold goods to them · sales
also owns 12.64% of the company
₹3 cr
company received
Shailesh Siroya
Contribution received from them · Commision, rental expenses, salary
also owns 17.24% of the company
₹3 cr
company received

The company also transacted with 6 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.