Shree Tirupati Balajee Agro Trading Co. Ltd (BALAJEE)
🎯 Key Takeaways
- Shree Tirupati Balajee Agro Trading Co. Ltd appears to be in a mature, cash-generative phase with signs of operational stabilization, though profitability remains constrained.
- Revenue grew 7.7% QoQ to ₹140 in Q1FY27.
- ⚠️ Persistent low margins and flat profit growth despite revenue fluctuations suggest limited pricing power or cost control challenges.
- Market Cap
- ₹205
- P/E Ratio
- 22.0
- P/B Ratio
- 0.67
- ROE
- 3.0%
- ROCE
- 6.5%
- Debt/Equity
- 0.76
- Promoter
- 65.4%
📖 The Story
Shree Tirupati Balajee Agro Trading Co. Ltd appears to be in a mature, cash-generative phase with signs of operational stabilization, though profitability remains constrained. The company operates in the packaging sector within capital goods, but its financial performance shows modest margins and declining returns. Management is focused on routine governance and compliance rather than strategic expansion, suggesting a plateau in growth momentum.
📰 What's Happening
In Q1 FY26, the board approved unaudited results showing revenue of ₹140 crore and profit of ₹4 crore, with EPS of ₹0.41, while also appointing M/s. Dhananjay V. Joshi & Associates as the cost auditor for FY27, pending shareholder ratification at the upcoming AGM. The trading window for insiders closed ahead of results, and board-level changes included the resignation of HR and ERP heads. The AGM is scheduled for 30 September 2026, with book closure set from 24 to 30 September to determine eligibility for shareholders. These actions reflect routine governance cycles rather than strategic inflection points.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 143 | 172 | 130 | 140 |
| Operating Profit | 5 | 5 | 8 | 9 |
| OPM % | 3.2% | 3.0% | 6.4% | 6.3% |
| Net Profit | 2 | 1 | 4 | 4 |
| EPS | ₹0.26 | ₹0.02 | ₹0.45 | ₹0.41 |
The company’s revenue has shown volatility, peaking at ₹172 crore in December 2025 before declining to ₹140 crore in June 2026, indicating possible seasonality or demand softness. Operating profit margins have remained narrow, hovering between 3% and 6.4%, with a notable improvement in OPM to 6.3% in the latest quarter, suggesting marginal operational efficiency. However, net profit and EPS have plateaued, with EPS declining from ₹0.45 in March 2026 to ₹0.41 in June 2026, reflecting pressure on bottom-line growth despite stable revenue trends.
🔮 Management Outlook & What's Next
Management has not provided explicit forward guidance on revenue, margins, or growth targets in the latest filings. The only forward-looking element is the pending ratification of the new cost auditor’s remuneration at the AGM, which signals attention to governance but offers no insight into performance expectations. There is no disclosed strategic roadmap, capital allocation plan, or commentary on market outlook in the available disclosures.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 82 | 82 | 82 | 82 |
| Reserves | 212 | 217 | 223 | 219 |
| Borrowings | 200 | 217 | 232 | 217 |
| Total Liabilities | 591 | 612 | 627 | 610 |
| Fixed Assets | 86 | 85 | 76 | 78 |
| Investments | 1 | 1 | 2 | 2 |
| Total Assets | 591 | 612 | 627 | 610 |
The balance sheet shows stable equity of ₹82 crore and reserves growing slightly to ₹223 crore as of March 2026, indicating retained earnings are modest. Borrowings have increased to ₹232 crore from ₹217 crore a year ago, suggesting ongoing financing needs or working capital support, possibly tied to inventory or receivables expansion. Total assets have risen to ₹627 crore, reflecting asset base growth, but the capital structure remains leveraged with D/E of 0.68, implying moderate financial risk but limited capacity for aggressive investment.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | -40 |
| Investing | +12 |
| Financing | +30 |
| Net Cash Flow | +3 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 65.4% | 65.4% | 65.4% | 65.4% |
| FII | 0.0% | 0.0% | 0.1% | 0.0% |
| DII | 1.0% | 0.7% | 0.5% | 0.3% |
| Public | 22.0% | 23.2% | 23.4% | 23.6% |
| # Shareholders | 42,707 | 41,250 | 39,739 | 38,968 |
Promoter holding remains steady at 65.42% across all recent quarters, indicating no dilution or stake sale. FII holding is minimal and nearly flat at 0.01–0.1%, while DII has declined from 1.02% to 0.35% over the past year, suggesting institutional interest is waning. The growing number of public shareholders (38,968 to 42,707) reflects retail broadening, but low foreign and institutional participation may limit liquidity and analyst coverage.
⚖️ Peer Comparison — Packaging
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| INOXINDIA | 18,808 | 73.8 | 29.2% | — | 0.06 |
| GRWRHITECH | 16,279 | 42.0 | 22.0% | — | 0.00 |
| EPL | 7,466 | 19.3 | 17.1% | — | 0.25 |
| AGI | 5,143 | 14.2 | 19.6% | — | 0.10 |
| UFLEX | 4,679 | 6.9 | 8.8% | — | 1.21 |
| TCPLPACK | 3,754 | 32.5 | 17.8% | — | 0.80 |
| POLYPLEX | 3,343 | 21.5 | 7.7% | — | 0.23 |
| XPROINDIA | 2,722 | 82.4 | 5.2% | — | 0.38 |
| COSMOFIRST | 2,201 | 13.0 | 11.4% | — | 0.98 |
| KNACK | 2,157 | — | — | — | 0.80 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Persistent low margins and flat profit growth despite revenue fluctuations suggest limited pricing power or cost control challenges. 2. High concentration of promoter ownership combined with low institutional interest may lead to governance concerns or lack of market validation. 3. Rising borrowings alongside stagnant profitability raise questions about debt sustainability if operating performance does not improve. 4. The company’s reliance on cyclical agro-trading and packaging demand exposes it to commodity and seasonal volatility, with no diversification strategy disclosed.
📋 Recent Filings
- Announcement2026-09-26Shree Tirupati Balajee Agro Trading Co. Ltd announced that its trading window will close on October 1, 2026, ahead of the un-audited Q2 financial resu…
- 🟡 Board Meeting2026-09-03Shree Tirupati Balajee Agro Trading Co. Ltd (BSE: BALAJEE) issued a notice for its 25th Annual General Meeting on 30 September 2026 at 11:30 AM via Vi…
- 🔴 annual report2026-09-03The 25th Annual Report of Shree Tirupati Balajee Agro Trading Co. Ltd (BSE: BALAJEE) for FY 2025-26, filed on 2026-09-03, details financial performanc…
- 🟡 Board Meeting2026-09-03The company announced that shareholders must be registered by Thursday, 24 September 2026 to cast remote e-votes for the 25th Annual General Meeting s…
- 🟡 Board Meeting2026-08-12No summary available
- 🟡 Board Meeting2026-08-12The board approved unaudited Q1 FY26 results showing revenue of [amount not verified], profit of [amount not verified], and EPS of **[amount context m…
- Announcement2026-08-12Shree Tirupati Balajee Agro Trading Company Limited announced the resignation of two senior management personnel, Manoj Jaiswal, Head of HR, and Rosha…
- 🟡 Board Meeting2026-08-12The Board of Shree Tirupati Balajee Agro Trading Company Limited approved the appointment of M/s. Dhananjay V. Joshi & Associates as Cost Auditor for …
- 🔴 Corporate Action2026-08-12The company announced a record date for its 25th Annual General Meeting, setting the book closure period from 24 September to 30 September 2026 to det…
- Financial Results2026-06-29The company announced that the trading window for designated insiders will close on July 1, 2026, ahead of the un-audited financial results for the qu…
🧠 Analyst's Read
The company is navigating a stable but stagnant phase with no clear catalyst for growth. Investors should monitor the AGM outcome for governance signals and any emerging commentary on market conditions or capital plans. The key watchpoint is whether margin recovery can be sustained in upcoming quarters, particularly if input costs rise or demand weakens further.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-30.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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