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NIFTY 5024,980.40+0.35%
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GOLD 24K (10g)₹75,420+0.38%
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Bal Pharma Limited

Bal Pharma Limited

NSE: BALPHARMA
Drug Manufacturers - Specialty & GenericHealthcareSMALL CAPMCap ₹152.4 Cr
₹95.75₹-1.99 (-2.04%)

Market Closed • NSE

Market cap₹152.4 Cr
Enterprise value₹304.9 Cr
P/E TTM21.09
P/B1.85
EPS TTM₹4.54
ROCE9.69%
D/E1.94
Dividend yield0.01%
Face value₹10.00
52W high₹124.60
52W low₹60.00
Price chart(1Y)
1Y Return:+13.83% (+₹11.63)
H: ₹124.6L: ₹76.01
1W-2.01%
1M-6.55%
3M+5.60%
6M+23.41%
1Y+16.65%
Today at a glance

Day range

₹95.15₹99.00

52 week range

₹60.00₹124.60
Volume5.2K0.11x 20D avg
Free float50.00%-88.60% volume

Bal Pharma Limited closed at INR95.75 (-2.04%) on volume 0.11x its 20-day average, trading 23.15% below its 52-week high.

Technical analysis
RSI (14)44.8Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹5.89High
SMA 20₹102.83BEARISH
SMA 50₹95.73BULLISH
SMA 100₹90.68BULLISH
SMA 200₹82.28BULLISH
CPR bottom₹99.25
Pivot₹98.75
CPR top₹98.24
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -68.6% QoQ

2026-09-17

DIVIDEND Announced

Dividend - Rs 1.20 Per Share

2025-09-18

DIVIDEND Announced

Dividend - Rs 1.20 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
FAIL3/4 criteria
Non-Compliant (Financial Ratios)
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹159.5 Cr₹152.4 Cr104.64%≤ 33%FAIL
Non-halal income ratio–₹311.7 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹373.2 Cr₹375.5 Cr99.39%≥ 20%PASS
Receivables ratio–₹375.5 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E21.0937.00
Forward P/E——
P/B1.855.00
EV/EBITDA—18.00
PEG—1.00
Earnings yield4.702.70
Growth & profitability
RevenuePAT
FY24PAT margin 2.20%
FY25PAT margin 2.40%
FY26PAT margin 1.90%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+0.90%
Revenue CAGR 5Y-1.70%
PAT CAGR 3Y-3.50%
PAT CAGR 5Y-3.20%
Operating margin5.83%
Net margin2.15%
Financial health & cash flow
Net debt₹157.2 CrModerate
Interest coverage1.20xEBIT / interest
CFO / PAT4.14x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹30.4 Cr
Capital expenditure–
Free cash flow₹8.1 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall58/100
Valuation60/100
Profitability65/100
Financial health50/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 4.14x over last 3 years

Risks

Elevated Leverage Burden: Debt-to-Equity stands at 1.94x

Tight Debt Servicing: Interest coverage ratio is under 2.0x

Bull case

Market Leadership: Established operational scale in Drug Manufacturers - Specialty & Generic.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
0.14%Institutional holding
49.01%Public holding
5Periods available
0.00%Promoter pledged
15.21KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
17 Sept 2026Dividend₹1.20 / share—17 Sept 2026
18 Sept 2025Dividend₹1.20 / share—18 Sept 2025
—Dividend₹1.20 / share—17 Sept 2024
—Dividend₹1.00 / share—18 Sept 2023
—Dividend₹1.00 / share—13 Sept 2022
—Dividend₹1.00 / share—16 Sept 2021
—Annual General MeetingAnnual General Meeting—17 Sept 2020
—Dividend₹1.00 / share—17 Sept 2019
—Dividend₹1.00 / share—14 Sept 2018
—Dividend₹1.00 / share—14 Sept 2017
—Dividend₹1.00 / share—15 Sept 2016
—Dividend₹1.00 / share—15 Sept 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)50.17%+9.00% latest vs average
Highest delivery84.41%on 04 Sept
Average volume (20D)156.9KTrading-session average
Conviction trendStrengthening+9.00% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Sun Pharmaceutical Industries Limited
Sun Pharmaceutical Industries LimitedSUNPHARMA
Open analysis
₹4.22L34.900.91%₹15,300.00₹2,901.00+10.46%+26.52%
Divi's Laboratories Limited
Divi's Laboratories LimitedDIVISLAB
Open analysis
₹2.43L82.970.33%₹3,080.00₹902.00+27.80%+65.50%
Torrent Pharmaceuticals Limited
Torrent Pharmaceuticals LimitedTORNTPHARM
Open analysis
₹1.73L72.830.83%₹4,128.00₹389.00+41.90%-21.89%
Apollo Hospitals Enterprise Limited
Apollo Hospitals Enterprise LimitedAPOLLOHOSP
Open analysis
₹1.13L54.320.25%₹7,044.00₹610.00+20.58%+38.32%
Zydus Lifesciences Limited
Zydus Lifesciences LimitedZYDUSLIFE
Open analysis
₹1.12L25.030.09%₹8,017.00₹990.00+21.95%-34.91%
LENSKART SOLUTIONS LTD
LENSKART SOLUTIONS LTDLENSKART
Open analysis
₹1.12L174.730.00%₹2,714.00₹228.00+43.29%+273.77%
Laurus Labs Limited
Laurus Labs LimitedLAURUSLABS
Open analysis
₹1.11L101.830.12%₹2,026.31₹367.60+29.10%+125.49%
Cipla Limited
Cipla LimitedCIPLA
Open analysis
₹1.07L31.780.98%₹7,119.00₹786.00+2.33%-39.16%
About Bal Pharma Limited
Bal Pharma Limited

Incorporated in 1987, Bal Pharma Ltd does manufacturing and selling of pharmaceutical products and related services[1]

IndiaHealthcare

Questions investors ask
Is Bal Pharma Limited Shariah compliant?

Bal Pharma Limited is currently screened as Non-Compliant (Financial Ratios) under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (104.64%) exceeds AAOIFI threshold (≤ 33%).

What is Bal Pharma Limited's current valuation relative to peers?

Bal Pharma Limited trades at a P/E of 21.1x compared to the sector median of 37x, and a Price-to-Book of 1.9x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 1.94x. Interest coverage is 1.2x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at -1.7% while net profit growth averaged -3.2%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.