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Balurghat Technologies Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹10.51Overvalued by 17.24%vs CMP ₹12.70

P/E (42.0) × ROE (3.1%) × BV (₹9.86) × DY (2.00%)

₹11.63Fairly Valued by 8.43%vs CMP ₹12.70
MoS: -9.2% (Negative)Confidence: 43/100 (Low)Models: 2 Under, 1 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹8.2030%Over (-35.4%)
Graham NumberEarnings₹16.0422%Under (+26.3%)
Net Asset ValueAssets₹8.8010%Over (-30.7%)
EV/EBITDAEnterprise₹8.8012%Over (-30.7%)
Earnings YieldEarnings₹11.6010%Fair (-8.7%)
ROCE CapitalReturns₹9.6210%Over (-24.3%)
Revenue MultipleRevenue₹23.927%Under (+88.3%)
Consensus (7 models)₹11.63100%Fairly Valued
Key Drivers: EPS CAGR -21.9% drags value — could be higher if earnings stabilize. | ROE 3.1% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -21.9%

*Investments are subject to market risks

Analyst Summary

Balurghat Technologies Ltd operates in the Transport - Road segment, NSE: BALTE | BSE: 520127, current market price is ₹12.70, market cap is 23.1 Cr.. At a glance, stock P/E is 42.0, ROE is 3.11 %, ROCE is 7.23 %, book value is 9.86, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹11.63, around 8.4% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹87 Cr versus the prior period change of 10.1%, while latest net profit is about ₹2 Cr with a prior-period change of 0.0%. The 52-week range shown on this page is 21.0/9.00, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisBalurghat Technologies Ltd. is a Public Limited Listed company incorporated on 30/06/1993 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CI…

This summary is generated from the stock page data available for Balurghat Technologies Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

46
Balurghat Technologies Ltd scores 46/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health38/100 · Weak
ROCE 7.2% WeakROE 3.1% WeakD/E 1.72 High debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 33.5% Stable
Earnings Quality60/100 · Moderate
OPM stable around 5% SteadyWorking capital: 36 days (improving) Efficient
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +42% YoY AcceleratingProfit (4Q): -236% YoY DecliningOPM: -9.4% (down 13.1% YoY) Margin pressure
Industry Rank30/100 · Weak
P/E 42.0 vs industry 24.6 Premium to peersROCE 7.2% vs industry 10.9% AverageROE 3.1% vs industry 9.5% Below peers3Y sales CAGR: 12% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: June 12, 2026, 8:04 am

Market Cap 23.1 Cr.
Current Price 12.7
Intrinsic Value₹11.63
High / Low 21.0/9.00
Stock P/E42.0
Book Value 9.86
Dividend Yield0.00 %
ROCE7.23 %
ROE3.11 %
Face Value 10.0
PEG Ratio-1.91

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Balurghat Technologies Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Balurghat Technologies Ltd 23.1 Cr. 12.7 21.0/9.0042.0 9.860.00 %7.23 %3.11 % 10.0
Globe International Carriers Ltd 247 Cr. 22.1 52.4/20.425.2 8.760.00 %15.9 %12.5 % 5.00
Jalan Transolutions (India) Ltd 3.13 Cr. 2.15 9.85/1.6562.6 28.80.00 %%% 10.0
Transport Corporation of India Ltd (TCI) 7,088 Cr. 924 1,299/86815.5 3340.97 %19.5 %19.3 % 2.00
Maheshwari Logistics Ltd 208 Cr. 70.3 71.5/39.012.7 72.60.00 %12.0 %7.91 % 10.0
Industry Average2,514.33 Cr128.7924.56123.320.19%10.86%9.54%8.56

All Competitor Stocks of Balurghat Technologies Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 16.5116.8719.7019.3520.2620.0316.9120.8623.0526.1927.9232.6827.67
Expenses 15.4616.4518.5318.5719.3718.9516.0919.7222.2024.9628.1332.3730.27
Operating Profit 1.050.421.170.780.891.080.821.140.851.23-0.210.31-2.60
OPM % 6.36%2.49%5.94%4.03%4.39%5.39%4.85%5.47%3.69%4.70%-0.75%0.95%-9.40%
Other Income 0.080.230.040.060.050.100.020.070.100.200.090.100.10
Interest 0.320.280.230.260.240.260.220.210.280.500.490.630.52
Depreciation 0.130.010.090.090.10-0.020.060.060.080.050.060.070.09
Profit before tax 0.680.360.890.490.600.940.560.940.590.88-0.67-0.29-3.11
Tax % 26.47%44.44%25.84%30.61%28.33%-9.57%26.79%28.72%28.81%31.82%0.00%0.00%0.00%
Net Profit 0.500.200.660.340.431.030.420.670.430.60-0.67-0.29-3.11
EPS in Rs 0.270.110.360.190.240.570.230.370.240.33-0.37-0.16-1.71

Last Updated: March 3, 2026, 11:58 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 12:35 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 384138384854989262647987114
Expenses 374037374653959160617583116
Operating Profit 111122411344-1
OPM % 2%3%3%3%3%4%4%1%2%5%5%5%-1%
Other Income 0000001020100
Interest 0000011221112
Depreciation 0000000000000
Profit before tax 1111113-11233-3
Tax % 19%21%17%29%23%29%23%6%28%31%26%29%
Net Profit 1111112-11122-3
EPS in Rs 0.360.370.340.300.410.441.07-0.500.540.751.351.16-1.91
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%0.00%0.00%0.00%0.00%100.00%-150.00%200.00%0.00%100.00%0.00%
Change in YoY Net Profit Growth (%)0.00%0.00%0.00%0.00%0.00%100.00%-250.00%350.00%-200.00%100.00%-100.00%

Balurghat Technologies Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:-2%
3 Years:12%
TTM:28%
Compounded Profit Growth
10 Years:12%
5 Years:9%
3 Years:39%
TTM:-54%
Stock Price CAGR
10 Years:21%
5 Years:17%
3 Years:21%
1 Year:-36%
Return on Equity
10 Years:9%
5 Years:8%
3 Years:13%
Last Year:13%

Last Updated: September 5, 2025, 2:36 pm

Balance Sheet

Last Updated: December 4, 2025, 2:29 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 17171717171717171717171717
Reserves -11-11-10-9-9-8-6-71-5-2-0-1
Borrowings 1223479171411102024
Other Liabilities 3232334434546
Total Liabilities 10111213162025313528304246
Fixed Assets 3344444434434
CWIP 0000000000000
Investments 0000000001122
Other Assets 7799121521283224263740
Total Assets 10111213162025313528304246

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 010-1-3-9-0341-8-4
Cash from Investing Activity + -1-0-1-0-0102-1-1-1-1
Cash from Financing Activity + 1012237-3-2-1106
Net Cash Flow 0100-1-5710-101
Free Cash Flow -01-1-1-3-8-1331-8-7
CFO/OP 50%125%47%-50%-148%-237%-32%210%147%50%-188%-144%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.00-1.00-1.00-2.00-2.00-5.00-5.00-16.00-13.00-8.00-6.00-16.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 40.9039.5237.9440.6649.4676.7679.8082.58106.1293.0284.71117.66
Inventory Days 7.583.055.685.635.385.403.480.00
Days Payable 32.4418.7934.4418.1520.0438.1833.89
Cash Conversion Cycle 16.0423.789.1828.1534.7943.9849.3882.58106.1293.0284.71117.66
Working Capital Days 25.6524.0118.7331.5031.8842.9471.6443.54101.8638.8436.7636.07
ROCE %12.89%12.53%10.54%9.71%10.92%11.60%17.52%4.17%9.13%10.94%15.63%12.99%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 33.63%33.63%33.63%33.63%33.63%33.63%33.63%33.63%33.50%33.50%33.45%33.45%
Public 66.37%66.37%66.37%66.38%66.37%66.38%66.36%66.38%66.50%66.50%66.55%66.56%
No. of Shareholders 12,79912,77912,92713,10913,52013,52613,35013,51113,52513,48313,43613,361

Shareholding Pattern Chart

No. of Shareholders

Balurghat Technologies Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 1.241.460.840.61-0.45
Diluted EPS (Rs.) 1.241.460.840.61-0.45
Cash EPS (Rs.) 1.351.570.980.80-0.26
Book Value[Excl.RevalReserv]/Share (Rs.) 9.998.4310.3610.365.66
Book Value[Incl.RevalReserv]/Share (Rs.) 9.998.7810.3610.366.08
Revenue From Operations / Share (Rs.) 49.9845.5737.0435.3853.11
PBDIT / Share (Rs.) 2.552.401.991.810.83
PBIT / Share (Rs.) 2.402.251.791.580.57
PBT / Share (Rs.) 1.711.681.130.79-0.49
Net Profit / Share (Rs.) 1.211.410.780.57-0.52
PBDIT Margin (%) 5.095.265.385.111.57
PBIT Margin (%) 4.814.924.824.461.08
PBT Margin (%) 3.413.683.052.23-0.93
Net Profit Margin (%) 2.423.102.101.61-0.98
Return on Networth / Equity (%) 12.1116.787.545.50-9.22
Return on Capital Employeed (%) 20.2321.2013.8310.645.25
Return On Assets (%) 4.978.114.042.82-2.91
Long Term Debt / Equity (X) 0.120.140.190.380.78
Total Debt / Equity (X) 1.180.710.630.751.72
Asset Turnover Ratio (%) 2.392.481.881.863.29
Current Ratio (X) 1.632.092.573.392.23
Quick Ratio (X) 1.632.092.573.392.23
Interest Coverage Ratio (X) 3.654.233.041.950.78
Interest Coverage Ratio (Post Tax) (X) 2.743.112.191.460.51
Enterprise Value (Cr.) 46.5043.3425.9025.2628.34
EV / Net Operating Revenue (X) 0.530.540.400.410.30
EV / EBITDA (X) 10.4810.387.468.0219.44
MarketCap / Net Operating Revenue (X) 0.350.470.300.270.16
Price / BV (X) 1.792.581.110.921.55
Price / Net Operating Revenue (X) 0.350.470.300.270.16
EarningsYield 0.060.060.060.05-0.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Balurghat Technologies Ltd. is a Public Limited Listed company incorporated on 30/06/1993 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L60210WB1993PLC059296 and registration number is 059296. Currently company belongs to the Industry of Transport - Road. Company's Total Operating Revenue is Rs. 120.08 Cr. and Equity Capital is Rs. 17.41 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Transport - Road170/2C, A.J.C. Bose Road, Kolkata West Bengal 700014Contact not found
Management
NamePosition Held
Mrs. Geetika KhandelwalChairperson
Mr. Pawan Kumar SethiaManaging Director
Mr. Arun Kumar SethiaWhole Time Director
Mr. Ravikant SethiaWhole Time Director
Mr. Rajendra DugarNon Exe.Non Ind.Director
Mr. Manik Chand TaterIndependent Director

FAQ

What is the intrinsic value of Balurghat Technologies Ltd and is it undervalued?

As of 13 June 2026, Balurghat Technologies Ltd's intrinsic value is ₹11.63, which is 8.43% lower than the current market price of ₹12.70, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.11 %), book value (₹9.86), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Balurghat Technologies Ltd?

Balurghat Technologies Ltd is trading at ₹12.70 as of 13 June 2026, with a FY2026-2027 high of ₹21.0 and low of ₹9.00. The stock is currently in the middle of its 52-week range. Market cap stands at ₹23.1 Cr..

How does Balurghat Technologies Ltd's P/E ratio compare to its industry?

Balurghat Technologies Ltd has a P/E ratio of 42.0, which is above the industry average of 24.56. The premium over industry average may reflect growth expectations or speculative interest.

Is Balurghat Technologies Ltd financially healthy?

Key indicators for Balurghat Technologies Ltd: ROCE of 7.23 % is on the lower side compared to the industry average of 10.86%; ROE of 3.11 % is below ideal levels (industry average: 9.54%). Dividend yield is 0.00 %.

Is Balurghat Technologies Ltd profitable and how is the profit trend?

Balurghat Technologies Ltd reported a net profit of ₹2 Cr in Mar 2025 on revenue of ₹87 Cr. Compared to ₹1 Cr in Mar 2022, the net profit shows an improving trend.

Does Balurghat Technologies Ltd pay dividends?

Balurghat Technologies Ltd has a dividend yield of 0.00 % at the current price of ₹12.70. The company is currently not paying meaningful dividends.

Last Updated: June 12, 2026, 8:04 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 520127 | NSE: BALTE
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Balurghat Technologies Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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