Balurghat Technologies Ltd (BALTE)

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Balurghat Technologies Ltd (BALTE) · mywealthgrid

About

Balurghat Technologies Ltd operates in Road Transport within the Industrials sector.

Face value: ₹10

Market cap

₹28 Cr

P/E

—

P/B

1.5×

Dividend yield

ROE

3.1%

ROCE

14.1%

Debt / equity

1.5

OPM

2.5%

EPS (TTM)

₹-0.5

Book value

₹10.3

52-week high

—

52-week low

—

2,220 historical price candles were omitted because the exchange source has not been verified.

₹15.5+10.1%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Thin operating margin of 2.5%
−Profit declined 26% a year over the last 3 years
−Modest revenue growth of 5.4% a year over the last 5 years
−Weak interest coverage of 1.3×

Research score

Structured signal from quality, growth, valuation and momentum.

27/100

Business quality: 12
Growth: 23
Valuation: 48

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
Ecos (India) Mobility & Hospitality LimitedECOSMOBLTYECOSMOBLTY	₹630 Cr	₹630 Cr	₹838 Cr	₹94 Cr	11.6%	₹59 Cr	7.1%	30.1%	23.7%	-6
Desi Farms India LtdDESIFARMSDESIFARMS	₹64 Cr	₹64 Cr	₹1 Cr	₹-0 Cr	-54.6%	₹-0 Cr	0%	12%	0%	27
ABC India LtdABCINDQABCINDQ	₹33 Cr	₹48 Cr	₹167 Cr	₹6 Cr	-1.6%	₹2 Cr	1.4%	-0.4%	4.1%	-65
Balurghat Technologies LtdBALTEBALTE	₹28 Cr	₹55 Cr	₹92 Cr	₹1 Cr	2.5%	₹-1 Cr	0.5%	14.1%	3.1%	91
Inter State Oil Carrier LtdINTSTOILINTSTOIL	₹26 Cr	₹54 Cr	₹88 Cr	₹7 Cr	8.2%	₹1 Cr	1.8%	15.5%	9.5%	47
Frontline Corporation LtdFRONTCORPFRONTCORP	₹18 Cr	₹73 Cr	₹98 Cr	₹1 Cr	2.3%	₹2 Cr	2%	17.2%	15.9%	56

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Financials

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

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	39	38	48	54	98	92	62	64	79	87	120
COGS	—	—	—	—	-52	85	54	56	68	74	107
Gross profit	—	—	—	—	—	8	8	9	11	13	13
	38	38	46	53	147	6	6	6	7	9	10
	1	1	2	2	4	1	1	3	4	4	3
OPM %	2.2%	1.8%	3.2%	3.4%	3.6%	1.3%	2.2%	4.8%	4.9%	4.7%	2.5%
Depreciation	—	—	—	—	0	0	0	0	0	0	0
Interest	0	0	0	1	1	2	2	1	1	1	2
	0	0	0	0	1	0	2	0	0	0	0
Profit before tax	1	1	—	1	3	-1	1	2	3	3	1
Tax	0	0	0	0	1	0	0	1	1	1	0
Tax %	18.7%	33.3%	—	25.6%	22.9%	5.8%	27.5%	31%	28.8%	29.3%	27.6%
	1	0	1	1	2	-1	1	1	2	2	1
PAT margin %	1.6%	1.1%	1.6%	1.6%	2%	-1%	1.6%	2.1%	3.1%	2.4%	0.5%
EPS (₹)	—	0.2	0.5	0.5	1.1	-0.5	0.6	0.8	1.5	1.2	0.4
EPS adjusted (₹)	—	—	—	—	1.1	-0.5	0.6	0.8	1.4	1.2	0.3
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	17	17	17	17	17	17	17
Reserves	—	-7	-6	-4	-2	-0	1
	—	17	14	11	10	20	27
	—	4	3	4	5	5	4
Total equity & liabilities	—	31	29	29	30	42	49
	4	4	3	4	4	3	6
CWIP	—	—	—	—	—	—	—
Investments	—	0	0	1	1	2	2
	—	28	26	24	26	37	42
Total assets	—	31	29	29	30	42	49

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0	3	4	1	-8	-4
	0	2	-1	-1	-1	-1
	7	-3	-2	-1	10	6
Net cash flow	7	1	0	-1	0	1
Free cash flow	-1	2	3	1	-9	-7
CFO / Operating profit %	-37.2%	189%	127.8%	29.1%	-208.9%	-150.7%

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Ratios

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

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	8.1%	12.4%	13.5%	13.7%	14.6%	10.8%
EBITDA margin %	3.4%	3.6%	1.3%	2.2%	4.8%	4.9%	4.7%	2.5%
EBIT margin %	3.4%	3.2%	0.8%	1.6%	4.2%	4.6%	4.4%	2.2%
PAT margin %	1.6%	2%	-1%	1.6%	2.1%	3.1%	2.4%	0.5%
Working capital
Receivable days	—	—	0	106	93	85	118	94
Inventory days	—	—	0	0	0	0	0	0
Payable days	—	—	6	6	7	12	9	3
NWC days	—	—	-6	100	86	72	109	91
Leverage
Current ratio	—	—	0.5	2.7	2.12	2.09	1.63	1.49
Debt to EBITDA	—	—	13.97	10	3.72	2.66	5.05	9.15
Debt to equity	—	—	1.6	1.18	0.88	0.68	1.18	1.5
Interest coverage	3.4	2.7	0.5	1.7	2.7	4	3.5	1.3
Asset turnover	—	—	2.97	2.15	2.25	2.61	2.05	2.47
Return ratios
Return on assets %	—	—	-2.9%	3.5%	4.8%	8.1%	5%	1.1%
Return on capital employed %	—	—	5%	14.1%	16.9%	21.7%	21.4%	14.1%
Return on equity %	—	—	-8.6%	8.6%	10.5%	16.1%	12.1%	3.1%

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
	33.63%	33.63%	33.63%	33.63%	33.63%	33.63%	33.51%	33.51%	33.45%	33.45%	33.42%	33.26%
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%
	66.37%	66.37%	66.37%	66.37%	66.37%	66.37%	66.49%	66.49%	66.55%	66.55%	66.58%	66.74%
No. of shareholders	—	—	—	—	—	—	—	—	13,436	13,361	13,314	13,270

Promoter holding down 0.37 percentage points since Sep 2023.

3 deals · 21 Oct 2021 – 30 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
30 Sept 2026	RAHUL PUNIA	Bulk	BSE	Buy	1,23,000	₹16.27	₹0.20 Cr
21 Oct 2021	KAMAL KUMAR DUGAR AND CO ( PROP : KAMAL KUMAR DUGAR)	Bulk	BSE	Buy	1,00,801	₹9.79	₹0.10 Cr
21 Oct 2021	KAMAL KUMAR DUGAR AND CO ( PROP : KAMAL KUMAR DUGAR)	Bulk	BSE	Sell	801	₹10.14	₹0.00 Cr

1–3 of 3

1 / 1

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.

Mrs. ShwetaNon-Executive - Independent Director-Chairperson
Mr. Arun Kumar SethiaExecutive Director
Mr. Pawan Kumar SethiaExecutive Director-MD
Mr. Ravikant SethiaExecutive Director
Mr. Manik Chand TaterNon-Executive - Independent Director
Mr. Rajendra DugarNon-Executive - Non Independent Director
Mr. Ankit SethiaChief Financial Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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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 Balurghat Technologies 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 results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

26 announcementsExport CSV

1 Oct 2026, 7:18 pmCompany Update

Clarification sought from Balurghat Technologies Ltd

Clarification

1 Sept 2026, 3:33 pmOthers

Board Meeting Outcome for Appointment Of Company Secretary & Compliance Officer Of The Company

Outcome without intimation PDF

11 Aug 2026, 3:29 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

3 Aug 2026, 4:46 pmBoard Meeting

Board Meeting Intimation for Finacial Results For The Quarter Ended June 30, 2026

Exchange filing PDF

1 Aug 2026, 7:20 pmCompany Update

Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer

Resignation of Company Secretary / Compliance Officer PDF

18 Jul 2026, 2:12 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

17 Jul 2026, 1:24 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

17 Jul 2026, 12:53 pmAGM/EGM

Notice Of The 32Nd Annual General Meeting Of The Company

AGM PDF

Date	Category	Subject	Filing
1 Oct 2026, 7:18 pm	Company Update Clarification	Clarification sought from Balurghat Technologies Ltd	—
1 Sept 2026, 3:33 pm	Others Outcome without intimation	Board Meeting Outcome for Appointment Of Company Secretary & Compliance Officer Of The Company	PDF

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Balurghat Technologies Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

1

Announcements

1

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Not in the F&O segment

Balurghat Technologies Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Not in the F&O segment

1

1