Announcement
Announcement under Regulation 30 (LODR)-Allotment 7 Sep - Bal Pharma allotted 10 lakh warrants to promoter Shailesh Siroya for ₹8.4 crore at ₹84 each.
Source: Bse
Bal Pharma Limited (BALPHARMA)
Small CapPharma stocks · Small cap · NSE
Bal Pharma Limited operates in Formulations, within the Pharma sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 11:46 am ISTDetails
Quote21 Oct, 11:46 am IST
Base fundamentals06 Oct 2026 · screener
Latest result12 Aug, 06:35 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Pharma P/E 33.5 (n=187)
Technical timing lens
Trend score and candlestick chart
76BullishSMA20 +9.5% / mo · MACD − · sector +4.4pp vs Nifty 500 (3M)
Stock trend: 60
Sector RS: 100
Sector 3M: -1.3% vs Nifty 500 -5.6%
Pharma FPI tailwindFlow only
FPI equity flow was positive in both fortnights, but the sector index is below its 100-session average. View sector evidence
Technical chart
BALPHARMAD candles · FIT view+15.8%TODAY · PROVISIONALLatest price ₹88.20 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-1.8%
RSI
37
MACD hist
-1.88
52W pos
44%
2026-10-21O ₹89.85H ₹90.00L ₹87.40C ₹88.20Vol 11,495 shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
BALPHARMANifty PharmaNifty 500
- BALPHARMA
- +1.1%
- Nifty 500
- -5.6%
- Nifty Pharma
- -1.5%
- Vs Nifty 500
- +6.7 pp
Chart stats
19 Oct 2026- From 52W high
- -26.4%
- 52W range position
- 49%
- ATR (14)
- 6.6%
- Volume vs 20D
- 0.39x
- Avg traded value
- ₹0.5 Cr
- 20D price channel
- ₹91 - ₹114.6
₹124.6
₹60 - ₹124.6
₹6
Latest completed session
20-session average
58.3% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Momentum only
Trend is strong but fundamentals do not support a clean investment thesis.
U-Score
Legacy · OVERVALUED23
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent77
Revenue +34.5% · PAT +438.1% YoY
Technical
Bullish76
Price trend and sector-relative-strength timing.
Valuation
Legacy model-38.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence68
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 77/100Rev +35% YoY · PAT +438% YoY · +5% QoQ · operating leverage · margin compression
Filed 12 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹88.6 Cr | +34.5% | +5.4% |
| EBITDA | ₹8 Cr | +31.2% | -24.9% |
| Operating margin | 9.0% | -23 bps | -361 bps |
| PAT | ₹1.1 Cr | +438.1% | -68.6% |
| PAT margin | 1.3% | +96 bps | -300 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 23.60
- P/B
- 2.07
- EV/EBITDA
- 7.33
- Market Cap
- 170.00Cr
Profitability
- ROE
- 7.87%
- ROCE
- 9.69%
- ROA
- 1.86%
- Dividend Y
- 1.12%
Growth (CAGR)
- Revenue 5Y
- 4.00%
- EPS 5Y
- 6.00%
- Revenue 3Y
- 1.00%
- EPS 3Y
- 35.00%
Balance Sheet
- Debt/Equity
- 1.95
- Interest Coverage
- 2.00×
- Altman Z
- 1.86
- Book Value
- 51.60
Cash Flow
- FCF Yield
- 5.29%
- FCF Positive Y
- 7/5
- OCF
- 30.00 Cr
- EPS TTM
- 4.52
Shareholding
- Promoter Hold
- 50.87%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 72%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 88.6+5.4% vs prev
Net Profit
₹ CrLatest: 1.1-68.6% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 37. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~6.6% over last month) — short-term momentum positive.
- RSI(14) at 37 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 29% off 52W high · 47% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
74
RS percentile
Stage 2 UptrendEstablished S2
1M return
-8.9%
3M return
+1.1%
6M return
+17.3%
1Y return
+11.1%
RS 1D
-3
RS 20D
-4
Sector rank
#1
Industry rank
#11
Stage evidence
- Price is 6.9% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +4.9%.
- Both 3-month and 6-month returns are positive.
50-DMA
price below
200-DMA
price above
S2 entered
09 Jul 2026
S2 age
71 trading sessions
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 111.94-3.26%
RS vs Nifty 500112
Valuation & peers
U-Score 23 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 23 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation7/30
Growth8/25
Quality0/20
Balance Sheet4/15
Cash Flow9/10
Piotroski
6/9 (+3)
Penalties
-8
Raw sum
23
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
23/100 · legacy band OVERVALUED
Positive drivers
- FCF yield is supportive at 5.3%.
- Cash flow contributes 9/10 to the score.
- Growth contributes 8/25 to the score.
Main drags
- Penalty bucket subtracts 8 points.
- Fair-value margin of safety is negative at -38.5%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
Sector valuation model
Healthcare valuation: PE/EVEBITDA with regulatory and pipeline checks
Healthcare valuation needs both earnings quality and regulatory/pipeline context.
Primary lens
PE and EV/EBITDA adjusted for product mix and R&D/pipeline quality.
Secondary checks
USFDA risk, launch pipeline, margin trend, domestic vs export mix.
Main risk check
Regulatory setbacks or one-off product cycles can distort valuation.
PE
23.6
PB
2.1
EV/EBITDA
7.3
ROE
7.9%
ROCE
9.7%
FCF Yield
5.3%
Debt/Equity
1.9
MoS
-38.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
23
Previous: 23
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-38.5%
Previous: -43.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
23
23
23
23
23
23
23
23
23
23
23
23
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹72.44
-21.8% MoS
Growth-justified P/E
14.1
Growth-justified Value
₹63.69
-38.5% MoS
PEG
2.46
Comparable companies
Peers
Business-comparable peers in Pharma — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
BALAXI
Small
BALAXI PHARMACEUTICALS LIMITED
Pharmaceuticals
match 168
9
51.7
0.6%
-5589%
OVERVALUED
ALPA
Small
Alpa Laboratories Limited
Pharmaceuticals
match 165
32
30.6
8.4%
+40%
WATCHLIST
BROOKS
Small
Brooks Laboratories Limited
Pharmaceuticals
match 164
60
12.1
22.0%
+68%
UNDERVALUED
JHS
Small
JHS Svendgaard Laboratories Limited
Pharmaceuticals
match 162
12
—
-1.2%
—
OVERVALUED
AAREYDRUGS
Small
Aarey Drugs & Pharmaceuticals Limited
Pharmaceuticals
match 162
15
79.4
2.8%
-1817%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Bal Pharma Limited operates in Formulations, within the Pharma sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
68Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 56th percentile of the scored universe and 43rd percentile within Pharma. Main check: financial discipline is weak at 52/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
8 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
56th percentile
overall median 67 · Pharma: 43rd pctile, median 70 · Small: 60th pctile, median 66
Evidence depth
Financial-only
8 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
53
watch · leverage and solvency
Discipline
52
watch · capital discipline
Results
61
acceptable · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is 6.4%.
- ▸7 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸Debt/equity is 1.95.
- ▸ROE is low at 7.9%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Bal Pharma Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 29 May - We are submitting the newspaper advertisements of the Audited financial results ( standalone & Consolidated ) for the quarter and financial year ended 31.03.2026 announced …
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.