Bal Pharma Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Attractively valued vs sector (P/E 22x vs industry 54.4x)
Concerns
- ✗Elevated debt levels (D/E 2x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| SUNPHARMA Sun Pharmaceutical Industries Limited | ₹1,944 | ₹4.6L Cr | 37.3 | 5.59 | 16 | 20.5 | 0.07 |
| DIVISLAB Divi's Laboratories Limited | ₹7,388 | ₹1.9L Cr | 73.4 | 11.71 | 16.5 | 22 | 0.01 |
| TORNTPHARM Torrent Pharmaceuticals Limited | ₹5,040 | ₹1.6L Cr | 73.6 | 20.32 | 27.4 | 15.2 | 0.33 |
| APOLLOHOSP Apollo Hospitals Enterprise Limited | ₹8,939 | ₹1.3L Cr | 64.9 | 13.56 | 22.1 | 17.9 | 0.88 |
| CIPLA Cipla Limited | ₹1,416 | ₹1.1L Cr | 30.1 | 3.32 | 11.6 | 15.5 | 0.01 |
| ZYDUSLIFE Zydus Lifesciences Limited | ₹1,123 | ₹1.1L Cr | 21 | 4.17 | 21.2 | 21.1 | 0.38 |
| LUPIN Lupin Limited | ₹2,405 | ₹1.1L Cr | 19.6 | 4.9 | 28.7 | 29.9 | 0.32 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
BALPHARMA · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 51.24% | 51.24% | 51.24% | 50.87% | 50.87% | 50.87% |
| FII | 0.13% | 0.13% | 0.13% | 0.13% | 0.14% | 0.14% |
| Public | 48.64% | 48.64% | 48.63% | 49.01% | 49.00% | 49.01% |
Corporate Events
To consider and approve the audited financial results for the period ended March 31, 2026, dividend and other business matters
Dividend - Rs 1.20 Per Share
Annual General Me0etingdividend - Rs 1.2 Per Share
Annual General Meeting/Dividend - Re 1 Per Share
Latest News
All news →Indian firm wins FDA approval for superbug antibiotic
*Indian firm wins FDA approval for superbug antibiotic* — Glenmark Pharmaceuticals receives US FDA nod for its novel antibiotic, marking a breakthrough in treating drug-resistant infections. The approved drug targets serious bacterial infections with limited treatment options. This paves the way for US market entry and potential revenue growth. Approval underscores India’s rising role in global pharma innovation. 📊 *STOCKS:* GLENMARK | 🏢 *SECTOR:* Pharma | #HIGHIMPACT #FDA
Sun Pharma makes biggest global acquisition
*Sun Pharma makes biggest global acquisition*. Sun Pharma has announced its largest global acquisition to date, expanding its international footprint. The deal is valued at **$4 billion**, marking a significant move in the global pharma space. This strategic purchase strengthens its specialty portfolio and presence in high-growth markets. 📊 *STOCKS:* SUNPHARMA | 🏢 *SECTOR:* Pharma | #HIGHIMPACT #Acquisition
Cdymax receives FDA warning letter on drug testing practices
*Indian API maker Cdymax hit with FDA warning letter tied to drug ingredients testing.* The company received a regulatory notice from the US FDA regarding deficiencies in its drug ingredient testing procedures. This warning letter signals compliance concerns at the manufacturing facility and may impact its ability to supply APIs to global pharma clients. Investors should monitor for remedial action updates and potential client impacts. 📊 *SECTOR:* Pharma | #MEDIUMIMPACT #Regulatory
Novo Nordisk hacked by cyber extortion group FulcrumSec
*Novo Nordisk hacked by cyber extortion group FulcrumSec.* The group claims **over two months** of infiltration, targeting sensitive data. No immediate financial impact reported; operations appear stable. Incident highlights rising cyber risks for global pharma firms. 📊 *STOCKS:* | 🏢 *SECTOR:* Pharma | #LOWIMPACT #CyberSecurity
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹87.69 Cr ▲18.5% | ₹74.02 Cr ▲12.4% | ₹65.87 Cr ▼19.6% | ₹81.88 Cr ▲11.9% | ₹73.15 Cr ▼0.7% | ₹73.69 Cr ▼0.9% | ₹74.36 Cr ▼21.4% | ₹94.63 Cr |
| Op. Profit | ₹9.54 Cr ▲66.5% | ₹5.73 Cr ▼5.4% | ₹6.06 Cr ▼20.7% | ₹7.64 Cr ▼1.4% | ₹7.75 Cr ▲0.8% | ₹7.69 Cr ▲18.9% | ₹6.47 Cr ▼32.6% | ₹9.6 Cr |
| OPM | 10.9% ▲40.6% | 7.7% ▼15.9% | 9.2% ▼1.4% | 9.3% ▼11.9% | 10.6% ▲1.4% | 10.4% ▲20.0% | 8.7% ▼14.2% | 10.1% |
| Net Profit | ₹1.79 Cr ▲148.6% | ₹0.72 Cr ▲242.9% | ₹0.21 Cr ▼96.1% | ₹5.41 Cr ▲940.4% | ₹0.52 Cr ▼50.0% | ₹1.04 Cr ▲300.0% | ₹0.26 Cr ▼95.3% | ₹5.53 Cr |
| EPS (₹) | 1.12 ▲148.9% | 0.45 ▲246.2% | 0.13 ▼96.2% | 3.41 ▲1036.7% | 0.3 ▼53.8% | 0.65 ▲306.3% | 0.16 ▼95.4% | 3.46 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹312 Cr ▲3.0% | ₹303 Cr ▼10.6% | ₹339 Cr ▲11.5% | ₹304 Cr ▲8.2% | ₹281 Cr ▲12.0% | ₹251 Cr ▲46.8% | ₹171 Cr ▼24.0% | ₹225 Cr ▲6.6% | ₹211 Cr ▼7.9% | ₹229 Cr |
| Expenses | ₹280 Cr ▲2.6% | ₹273 Cr ▼11.4% | ₹308 Cr ▲10.4% | ₹279 Cr ▲8.6% | ₹257 Cr ▲13.7% | ₹226 Cr ▲36.1% | ₹166 Cr ▼19.8% | ₹207 Cr ▲6.7% | ₹194 Cr ▼9.3% | ₹214 Cr |
| Op. Profit | ₹32 Cr ▲6.7% | ₹30 Cr ▼3.2% | ₹31 Cr ▲24.0% | ₹25 Cr ▲4.2% | ₹24 Cr ▼4.0% | ₹25 Cr ▲400.0% | ₹5 Cr ▼72.2% | ₹18 Cr ▲5.9% | ₹17 Cr ▲13.3% | ₹15 Cr |
| OPM | 10.0% ▲0.0% | 10.0% ▲11.1% | 9.0% ▲12.5% | 8.0% ▼11.1% | 9.0% ▼10.0% | 10.0% ▲233.3% | 3.0% ▼62.5% | 8.0% ▲0.0% | 8.0% ▲33.3% | 6.0% |
| Other Income | ₹2 Cr ▲0.0% | ₹2 Cr ▼33.3% | ₹3 Cr ▲200.0% | ₹1 Cr ▼80.0% | ₹5 Cr ▲400.0% | ₹1 Cr ▼50.0% | ₹2 Cr ▲100.0% | ₹1 Cr ▼50.0% | ₹2 Cr ▼33.3% | ₹3 Cr |
| Interest | ₹17 Cr ▲0.0% | ₹17 Cr ▲13.3% | ₹15 Cr ▲25.0% | ₹12 Cr ▲9.1% | ₹11 Cr ▼8.3% | ₹12 Cr ▼7.7% | ₹13 Cr ▲0.0% | ₹13 Cr ▲44.4% | ₹9 Cr ▲12.5% | ₹8 Cr |
| Depreciation | ₹11 Cr ▲10.0% | ₹10 Cr ▲0.0% | ₹10 Cr ▲11.1% | ₹9 Cr ▲0.0% | ₹9 Cr ▼10.0% | ₹10 Cr ▲25.0% | ₹8 Cr ▲33.3% | ₹6 Cr ▼14.3% | ₹7 Cr ▲16.7% | ₹6 Cr |
| PBT | ₹6 Cr ▲20.0% | ₹5 Cr ▼44.4% | ₹9 Cr ▲80.0% | ₹5 Cr ▼44.4% | ₹9 Cr ▲125.0% | ₹4 Cr ▲128.6% | ₹-14 Cr | ₹0 Cr ▼100.0% | ₹3 Cr ▲0.0% | ₹3 Cr |
| Tax % | -7.0% ▲82.9% | -41.0% ▼327.8% | 18.0% ▼60.0% | 45.0% ▲18.4% | 38.0% ▲353.3% | -15.0% ▼200.0% | -5.0% ▲99.6% | -1175.0% ▼1450.6% | 87.0% ▼23.7% | 114.0% |
| Net Profit | ₹6 Cr ▼14.3% | ₹7 Cr ▲0.0% | ₹7 Cr ▲133.3% | ₹3 Cr ▼50.0% | ₹6 Cr ▲20.0% | ₹5 Cr ▲138.5% | ₹-13 Cr ▼750.0% | ₹2 Cr | ₹0 Cr | ₹0 Cr |
| EPS (₹) | 3.94 ▼13.0% | 4.53 ▼3.2% | 4.68 ▲185.4% | 1.64 ▼56.6% | 3.78 ▲18.1% | 3.2 ▲137.1% | -8.62 ▼422.8% | 2.67 ▲36.2% | 1.96 ▲58.1% | 1.24 |
| Div Payout | 0.0% ▼100.0% | 26.0% ▲0.0% | 26.0% ▼57.4% | 61.0% ▲134.6% | 26.0% ▼16.1% | 31.0% | 0.0% ▼100.0% | 37.0% ▼27.5% | 51.0% ▼37.0% | 81.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹16 Cr ▲0.0% | ₹16 Cr ▲0.0% | ₹16 Cr ▲0.0% | ₹16 Cr ▲6.7% | ₹15 Cr ▲0.0% | ₹15 Cr ▲7.1% | ₹14 Cr ▲0.0% | ₹14 Cr ▲0.0% | ₹14 Cr ▲0.0% | ₹14 Cr |
| Reserves | ₹62 Cr ▲0.0% | ₹62 Cr ▲10.7% | ₹56 Cr ▲16.7% | ₹48 Cr ▲9.1% | ₹44 Cr ▲12.8% | ₹39 Cr ▲2.6% | ₹38 Cr ▼26.9% | ₹52 Cr ▲2.0% | ₹51 Cr ▲6.3% | ₹48 Cr |
| Borrowings | ₹155 Cr ▲3.3% | ₹150 Cr ▲7.1% | ₹140 Cr ▲6.9% | ₹131 Cr ▲26.0% | ₹104 Cr ▼5.5% | ₹110 Cr ▼6.8% | ₹118 Cr ▼4.8% | ₹124 Cr ▲12.7% | ₹110 Cr ▲18.3% | ₹93 Cr |
| Other Liabilities | ₹116 Cr ▲7.4% | ₹108 Cr ▲0.0% | ₹108 Cr ▼6.9% | ₹116 Cr ▲18.4% | ₹98 Cr ▲28.9% | ₹76 Cr ▲11.8% | ₹68 Cr ▼4.2% | ₹71 Cr ▼17.4% | ₹86 Cr ▲10.3% | ₹78 Cr |
| Total Liabilities | ₹349 Cr ▲3.9% | ₹336 Cr ▲5.0% | ₹320 Cr ▲2.9% | ₹311 Cr ▲19.2% | ₹261 Cr ▲8.8% | ₹240 Cr ▲0.8% | ₹238 Cr ▼8.8% | ₹261 Cr ▲0.4% | ₹260 Cr ▲11.6% | ₹233 Cr |
| Assets | ||||||||||
| Fixed Assets | ₹92 Cr ▲5.7% | ₹87 Cr ▲8.8% | ₹80 Cr ▲5.3% | ₹76 Cr ▲13.4% | ₹67 Cr ▼2.9% | ₹69 Cr ▼2.8% | ₹71 Cr ▲1.4% | ₹70 Cr ▼1.4% | ₹71 Cr ▲18.3% | ₹60 Cr |
| CWIP | ₹3 Cr ▲0.0% | ₹3 Cr | ₹0 Cr | ₹0 Cr ▼100.0% | ₹2 Cr | ₹0 Cr ▼100.0% | ₹3 Cr ▼25.0% | ₹4 Cr | ₹0 Cr ▼100.0% | ₹2 Cr |
| Investments | ₹0 Cr ▼100.0% | ₹2 Cr ▼71.4% | ₹7 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other Assets | ₹253 Cr ▲3.7% | ₹244 Cr ▲4.7% | ₹233 Cr ▼0.9% | ₹235 Cr ▲22.4% | ₹192 Cr ▲11.6% | ₹172 Cr ▲4.9% | ₹164 Cr ▼12.3% | ₹187 Cr ▼0.5% | ₹188 Cr ▲9.3% | ₹172 Cr |
| Total Assets | ₹349 Cr ▲3.9% | ₹336 Cr ▲5.0% | ₹320 Cr ▲2.9% | ₹311 Cr ▲19.2% | ₹261 Cr ▲8.8% | ₹240 Cr ▲0.8% | ₹238 Cr ▼8.8% | ₹261 Cr ▲0.4% | ₹260 Cr ▲11.6% | ₹233 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹20 Cr ▼13.0% | ₹23 Cr ▲1250.0% | ₹-2 Cr ▼107.4% | ₹27 Cr ▲22.7% | ₹22 Cr ▼4.3% | ₹23 Cr ▲187.5% | ₹8 Cr ▲700.0% | ₹1 Cr ▼83.3% | ₹6 Cr ▲131.6% | ₹-19 Cr |
| Investing CF | ₹-15 Cr ▲21.1% | ₹-19 Cr ▲13.6% | ₹-22 Cr ▼144.4% | ₹-9 Cr ▼50.0% | ₹-6 Cr ▼20.0% | ₹-5 Cr ▲37.5% | ₹-8 Cr ▼100.0% | ₹-4 Cr ▲50.0% | ₹-8 Cr ▲42.9% | ₹-14 Cr |
| Financing CF | ₹-8 Cr ▼700.0% | ₹-1 Cr ▼104.2% | ₹24 Cr ▲241.2% | ₹-17 Cr ▲0.0% | ₹-17 Cr ▲15.0% | ₹-20 Cr | ₹0 Cr ▼100.0% | ₹4 Cr ▲166.7% | ₹-6 Cr ▼118.8% | ₹32 Cr |
| Net Cash Flow | ₹-2 Cr ▼166.7% | ₹3 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr ▲100.0% | ₹-2 Cr | ₹0 Cr ▼100.0% | ₹1 Cr ▲112.5% | ₹-8 Cr ▼700.0% | ₹-1 Cr |
| Free Cash Flow | ₹2 Cr ▼83.3% | ₹12 Cr ▲175.0% | ₹-16 Cr ▼188.9% | ₹18 Cr ▼5.3% | ₹19 Cr ▲5.6% | ₹18 Cr ▲1900.0% | ₹-1 Cr ▲66.7% | ₹-3 Cr ▼50.0% | ₹-2 Cr ▲94.1% | ₹-34 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 111d ▲3.7% | 107d ▼5.3% | 113d ▲15.3% | 98d ▲0.0% | 98d ▼7.5% | 106d ▲1.0% | 105d ▼5.4% | 111d ▲12.1% | 99d ▼5.7% | 105d |
| Inventory Days | 238d ▲42.5% | 167d ▼19.3% | 207d ▲27.8% | 162d ▲11.0% | 146d ▼50.0% | 292d ▲34.6% | 217d ▼9.6% | 240d ▲39.5% | 172d ▲18.6% | 145d |
| Days Payable | 189d ▲28.6% | 147d ▼12.0% | 167d ▲16.8% | 143d ▲25.4% | 114d ▼31.7% | 167d ▲13.6% | 147d ▼19.2% | 182d ▲6.4% | 171d ▲4.9% | 163d |
| Cash Conv. Cycle | 161d ▲26.8% | 127d ▼17.0% | 153d ▲30.8% | 117d ▼10.0% | 130d ▼43.7% | 231d ▲32.0% | 175d ▲4.2% | 168d ▲68.0% | 100d ▲14.9% | 87d |
| Working Capital Days | 6d ▼50.0% | 12d ▼7.7% | 13d ▼27.8% | 18d ▲63.6% | 11d ▲200.0% | -11d ▼144.0% | 25d ▼44.4% | 45d ▲73.1% | 26d ▼48.0% | 50d |
| ROCE | 10.0% ▼16.7% | 12.0% ▲20.0% | 10.0% ▼16.7% | 12.0% ▲20.0% | 10.0% | 0.0% ▼100.0% | 7.0% ▼12.5% | 8.0% ▲0.0% | 8.0% ▲14.3% | 7.0% |
Source: Screener.in · Lower days = better efficiency
About Bal Pharma Limited
Incorporated in 1987, Bal Pharma Ltd does manufacturing and selling of pharmaceutical products and related services[1]
Healthcare · Pharmaceuticals & Biotechnology