Balaji Phosphates Ltd - Stock Valuation and Financial Performance

Balaji Phosphates Limited was originally incorporated as Balaji Phosphates Private Limited on April 4, 1996, through a Certificate of Incorporation issued by the Registrar of Companies, Kanpur, under the provisions of the Companies Act, 1956. Pawan Kumar Agrawal and Sushil Kumar Agrawal were the initial subscribers to the company. In 2014, control of the company was transferred to its current promoters, Mohit Airen and Alok Gupta. Following a Special Resolution passed at an Extraordinary General Meeting (EGM) on September 7, 2023, the company was converted from a private limited company to a public limited company. Concurrently, the company's name was changed to ‘Balaji Phosphates Limited’. Upon this conversion, a new Certificate of Incorporation was issued by the Registrar of Companies, Gwalior, dated September 18, 2023.

The company is engaged in the manufacture and supply of Single Super Phosphate (SSP) in powder and granulated forms, Nitrogen-Phosphorous-Potassium (NPK) Granulated and Mixed Fertilizers and Zinc Sulphate, all conforming to the standards of Fertilizer Control Order of India. It sells its products under the brand names of ‘RATNAM’ and ‘BPPL’ to a diverse range of customers, including retailers, wholesalers and state-owned cooperatives with farmers being the end users of the products. 

Its range of phosphate fertilizers comprising SSP, zinc sulfate, and NPK Granulated & Mix fertilizers - are used in agricultural soils to enhance plant growth and development. SSP addresses phosphorus deficiencies, especially in acidic soils, promoting robust root development and seedling establishment. Zinc sulfate corrects zinc deficiencies in alkaline and sandy soils, enhancing plant health and crop yield. Its NPK fertilizers provide a balanced blend of nitrogen, phosphorus, and potassium for optimal crop growth and improved productivity. In line with the initiatives of the Department of Fertilizers, Government of India, it offers value-added, fortified SSP with zinc and boron to tackle soil deficiencies. Its products cater to farmers in Madhya Pradesh, Chhattisgarh, Maharashtra, Telangana, and Andhra Pradesh, supporting local agricultural growth.

Business area of the company

The company is principally engaged in manufacturing of single super phosphates fertilizers.

Products of the company 

• Single super phosphates (SSP)
• Zinc Sulfate
• NPK granulated and mix fertilizer

History and milestones

• April 4, 1996: Incorporation of company.
• March 31, 2014: Change in the Management / promoters of the company.
• October 05, 2020: Jyoti Weighing Systems Private Limited becomes the company’s subsidiary.
• September 18, 2023: The company was converted into Public Limited Company vide a fresh certificate of incorporation issued by Registrar of Companies, Gwalior consequent upon conversion from Private Limited to Public Company dated September 18, 2023, in the name of ‘Balaji Phosphates Limited’.