Balgopal Commercial Ltd (BALGOPAL)

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Balgopal Commercial Ltd (BALGOPAL) · mywealthgrid

About

Small-cap trading and distribution company in industrial supplies. Market cap ₹476.53 Cr; most recent quarter generated ₹0.09 Cr revenue, down 97% from historical ₹2–4 Cr quarterly range. Verify whether revenue collapse reflects cyclical pressure or structural loss of customer contracts.

Face value: ₹10

Market cap

₹371 Cr

P/E

—

P/B

5.9×

Dividend yield

ROE

-15.7%

ROCE

-14.5%

Debt / equity

0.07

OPM

—

EPS (TTM)

₹-4.2

Book value

₹26.9

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Operating margins deeply negative (−137.5% TTM, −40.94% last quarter); company runs at operating loss, not operating profit
Revenue collapsed from ₹2–4 Cr per quarter to ₹0.09 Cr most recently, signaling loss of trading volume or customers
Net profit not from trading operations: Mar 2021 shows ₹1.82 Cr profit on ₹0.09 Cr revenue. Verify source (other income, exceptional gain, data quality issue)
High PE (75.76) on illiquid stock with zero institutional ownership (0% FII/DII) creates entry and exit risk; verify why institutional investors avoid this name

Generated analysis · source review pending

Growth drivers

Minimal debt (D/E 0.03) provides capacity to invest in recapturing lost distribution volume if market demand recovers — verify contract backlog and customer win pipeline
Historical quarters at ₹3+ Cr revenue with positive OPM (Jun 2020: +35.27%) demonstrate operational capability — turnaround to that level is feasible if business conditions improve; verify any contract wins or customer recovery
No clear growth drivers evident from data; verify whether ₹0.09 Cr revenue quarter represents floor or continued decline, and what management actions are underway to restore business

Generated analysis · source review pending

1,010 historical price candles were omitted because the exchange source has not been verified.

₹160.1-10.2%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0.1)

Cons

−Weak interest coverage of -113×

Research score

Structured signal from quality, growth, valuation and momentum.

51/100

Business quality: 24
Valuation: 78

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Redington LimitedREDINGTONREDINGTON	₹31,112 Cr	₹33,749 Cr	₹1,28,133 Cr	₹2,537 Cr	1.9%	₹1,701 Cr	1.1%	21.7%	15.8%	34
Mmtc LimitedMMTCMMTC	₹8,444 Cr	₹8,444 Cr	₹3 Cr	₹-179 Cr	—	₹447 Cr	—	-0.5%	20.3%	-2,38,864
Mstc LimitedMSTCLTDMSTCLTD	₹4,969 Cr	₹5,114 Cr	₹386 Cr	₹236 Cr	60.6%	₹234 Cr	59.1%	34.9%	26.6%	-92
Bn Agrochem LimitedBNAGROCHEMBNAGROCHEM	₹2,228 Cr	₹2,310 Cr	₹299 Cr	₹-37 Cr	-12.5%	₹20 Cr	6.6%	12%	8.5%	130
Creative Newtech LimitedCNLCNL	₹1,619 Cr	₹1,943 Cr	₹2,783 Cr	₹99 Cr	3.2%	₹74 Cr	2.6%	29.2%	21.4%	75
Pervasive Commodities LtdPERVASIVEPERVASIVE	₹1,090 Cr	₹1,090 Cr	₹43 Cr	₹-0 Cr	-1.1%	₹-0 Cr	-0.1%	0%	-0.1%	548
RRP Defense LtdRRPDEFENSERRPDEFENSE	₹842 Cr	₹844 Cr	₹12 Cr	₹-1 Cr	-8.4%	₹-1 Cr	-8.2%	-13.7%	-13.7%	-15
The Yamuna Syndicate LtdYSLYSL	₹779 Cr	₹779 Cr	₹69 Cr	₹2 Cr	2.2%	₹52 Cr	75.3%	0.3%	4%	60
The State Trading Corporation Of India LimitedSTCINDIASTCINDIA	₹636 Cr	₹1,811 Cr	₹0 Cr	₹-46 Cr	—	₹21 Cr	—	—	—	—
SMT Engineering LtdSMTELSMTEL	₹598 Cr	₹679 Cr	₹162 Cr	₹41 Cr	25%	₹23 Cr	14.2%	33.2%	25.2%	395
Bijoy Hans LtdARVAYAARVAYA	₹576 Cr	₹579 Cr	₹0 Cr	₹-1 Cr	—	₹0 Cr	—	-3.9%	-3.9%	—
Riddhi Siddhi Gluco Biols LtdRIDDHIRIDDHI	₹505 Cr	₹787 Cr	₹236 Cr	₹-12 Cr	-5.2%	₹61 Cr	-5.2%	2.8%	-0.8%	65

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	17	1	0
COGS	14	0	0
Gross profit	3	0	-0
	1	1	2
	2	-1	-2
OPM %	13.8%	-137.5%	—
Depreciation	0	0	0
Interest	0	0	0
	12	8	-9
Profit before tax	14	7	-10
Tax	1	1	-1
Tax %	6.9%	14.8%	-13.7%
	13	6	-9
PAT margin %	77.2%	—	—
EPS (₹)	—	—	-4.6
EPS adjusted (₹)	8	3.3	-4.2
Annual report	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2024	Mar 2025	Mar 2026
Equity capital	17	19	21
Reserves	12	38	35
	0	2	4
	6	8	37
Total equity & liabilities	35	66	97
	0	0	0
CWIP	—	—	0
Investments	21	40	46
	14	26	51
Total assets	35	66	97

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	15	-7	2
	-15	-12	-15
	0	22	11
Net cash flow	-0	4	-2
Free cash flow	—	—	2
CFO / Operating profit %	622.5%	—	—

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: -96%

Return on equity

7 years: —
5 years: —
3 years: 14%
Last year: -16%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	17.5%	42.9%	-100%
EBITDA margin %	13.8%	-137.5%	-7,900%
EBIT margin %	13.8%	-137.5%	-7,900%
PAT margin %	77.2%	1,123.2%	-44,250%
Working capital
Receivable days	0	0	0
Inventory days	15	14,338	3,49,396
Payable days	0	992	13,231
NWC days	15	13,345	3,36,165
Leverage
Current ratio	2.23	3.4	3.07
Debt to EBITDA	0	—	—
Debt to equity	0	0.03	0.07
Interest coverage	—	—	-113
Asset turnover	0.49	0.01	0
Return ratios
Return on assets %	37.9%	9.5%	-9.2%
Return on capital employed %	49.4%	16.8%	-14.5%
Return on equity %	46.1%	11.1%	-15.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	6.31%	6.31%	6.31%	6.31%	7.28%	7.28%	34.04%	45.43%	45.43%	45.43%	50.39%	55.38%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	93.69%	93.69%	93.69%	93.69%	92.72%	92.72%	65.96%	54.57%	54.57%	54.57%	49.61%	44.62%
No. of shareholders	—	—	—	—	—	—	—	—	1,464	1,439	1,399	1,425

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Balgopal Commercial Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results11 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

25 announcementsExport CSV

30 Sept 2026, 7:07 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

29 Sept 2026, 11:43 amCompany Update

Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

General PDF

9 Sept 2026, 8:01 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Sept 2026, 6:48 pmAGM/EGM

AGM On 30Th September, 2026

AGM PDF

7 Sept 2026, 6:44 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

4 Sept 2026, 7:02 pmCompany Update

Intimation Of Book Closure & AGM

General PDF

4 Sept 2026, 6:48 pmCompany Update

Change In Name Of The Company

General PDF

4 Sept 2026, 6:42 pmCompany Update

Increase In Authorised Share Capital Of The Company

General PDF

Date	Category	Subject	Filing
30 Sept 2026, 7:07 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
29 Sept 2026, 11:43 am	Company Update General	Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

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Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	17.5%	42.9%	-100%
EBITDA margin %	13.8%	-137.5%	-7,900%
EBIT margin %	13.8%	-137.5%	-7,900%
PAT margin %	77.2%	1,123.2%	-44,250%
Working capital
Receivable days	0	0	0
Inventory days	15	14,338	3,49,396
Payable days	0	992	13,231
NWC days	15	13,345	3,36,165
Leverage
Current ratio	2.23	3.4	3.07
Debt to EBITDA	0	—	—
Debt to equity	0	0.03	0.07
Interest coverage	—	—	-113
Asset turnover	0.49	0.01	0
Return ratios
Return on assets %	37.9%	9.5%	-9.2%
Return on capital employed %	49.4%	16.8%	-14.5%
Return on equity %	46.1%	11.1%	-15.7%

21 deals · 15 Dec 2021 – 4 Mar 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
4 Mar 2025	GRETEX CORPORATE SERVICES PVT LTD	Bulk	BSE	Buy	90,000	₹122.15	₹1.10 Cr
4 Dec 2024	BASUDEV DEALERS LLP	Bulk	BSE	Buy	24,66,912	₹56.02	₹13.82 Cr
4 Dec 2024	PRANESH DEALMARK PRIVATE LIMITED	Bulk	BSE	Sell	7,14,001	₹56.02	₹4.00 Cr
4 Dec 2024	SHIV PARVATI LEASING PRIVATE LIMITED	Bulk	BSE	Sell	5,85,946	₹56.02	₹3.28 Cr
16 Aug 2024	FRENZY COMMERCIAL PVT LTD	Bulk	BSE	Sell	2,65,000	₹55.39	₹1.47 Cr
16 Aug 2024	HIRISE INFRACON LIMITED	Bulk	BSE	Sell	2,60,000	₹55.37	₹1.44 Cr
16 Aug 2024	UPTURN DEVELOPERS LLP	Bulk	BSE	Buy	1,60,000	₹55.40	₹0.89 Cr
16 Aug 2024	STARWINGS FASHION TRADING LIMITED	Bulk	BSE	Sell	1,21,000	₹55.41	₹0.67 Cr
18 Oct 2023	PRANESH DEALMARK PRIVATE LIMITED	Bulk	BSE	Sell	8,11,200	₹22.00	₹1.78 Cr
18 Oct 2023	SANJAY AGRAWAL	Bulk	BSE	Buy	1,62,500	₹22.00	₹0.36 Cr

1–10 of 21

1 / 3

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Balgopal Commercial Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Board meetings1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

1

1