This micro-cap fertilizer stock engaged in the manufacturing and distribution of fertilizers, including Single Super Phosphate, Zinc Sulphate, and NPK Granulated & Mix products, jumped 4 percent despite domestic institutional investors (DIIs) selling 142,000 shares in the Company.
Stock Price Movement:
With a market capitalization of Rs. 278.19 crores, the share of Balaji Phosphates Limited has reached an intraday high of Rs. 120.95 per equity share, rising nearly 3.60 percent from its previous day’s close price of Rs. 116.75. Since then, the stock has retreated and is currently trading at Rs. 117 per equity share.
What Happened:
On April 3, 2025, Veloce Opportunities Fund (DIIs) sold 142,000 shares of the company at Rs. 118.4 per share, totaling Rs. 1.68 crore. Before this sale, Veloce held 286,000 shares in the company.
Meanwhile, NMN Securities Pvt. Limited made two transactions on April 3, 2025. It purchased 158,000 shares at Rs. 116.25 each, amounting to Rs. 1.84 crore, and sold 2,000 shares at Rs. 117 each, totaling Rs. 2.34 lakh. Prior to these transactions, NMN Securities held 358,000 shares. These bulk deals show significant trading activity, reflecting ongoing investor interest in the company’s stock.
Product Portfolio and Brands:
The company offers its products under the brands ‘RATNAM’ and ‘BPPL.’ Their product range includes phosphate fertilizers like SSP and zinc sulfate, which help improve plant growth and enhance soil quality for better agricultural productivity.
Manufacturing and Distribution:
Balaji Phosphates operates a manufacturing unit in Dewas, Madhya Pradesh, with an annual capacity of 120,000 MT for Single Super Phosphate, 3,300 MT for Zinc Sulphate, and 49,500 MT for NPK Granulated & Mix. The company distributes its products across regions including Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana.
Recent quarter results:
Balaji Phosphates Limited’s revenue has increased from Rs. 145 crore in FY23 to Rs. 152 crore in FY24, which has grown by 4.83 percent. The net profit remained consistent at Rs. 6 crore from FY23 to FY24.
Company Overview:
Balaji Phosphates Limited was incorporated in 1996 and is engaged in the manufacture and supply of fertilizers, including Single Super Phosphate (SSP) in both powder and granular forms, NPK Granulated and Mixed Fertilizers, and Zinc Sulphate.
Written By – Nikhil Naik
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