On 6 Nov 2026, Balurghat Technologies was priced at ₹11.98, or 12.9× trailing earnings, against an industry P/E of 16.1×, and the shares are 35% below their 52-week high. It earns ROCE of 13% and ROE of 3.1%, and sales grew 23% a year over 3 years while net profit fell 26%. Debt is 1.50× equity. It is a small-cap company with a market cap of ₹24 Cr, ranked 43rd of 43 Integrated Freight & Logistics companies by market cap; the shares fell 32% over the past year.
- ₹11.99
- ₹11.99
- ₹11.36
- ₹11.99
- 443
Health check
- ReturnsBehind
−32.1% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 12.9 vs industry 16.1.
- GrowthSteady
Sales +23.0%, profit −26.1% a year over 3 years.
- ProfitabilityAverage
ROCE 13.0% vs peer median 9.0%.
- Balance sheetStretched
Debt 1.50× equity, interest covered 1.4×, Piotroski 3 of 9.
- Red flags3 to check
Return on equity is low at 3.1%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹24 Cr
- Small cap
- P/E
- 12.9
- Industry 16.1
- Price to book
- 1.16
- Peers 3.34
- Dividend yield
- 0.00%
- ROE
- 3.1%
- Peers 9.6%
- ROCE
- 13.0%
- Peers 9.0%
- Debt to equity
- 1.50
- Debt ₹27 Cr
- EPS (TTM)
- ₹0.93
- OPM (TTM)
- 3.1%
- Net margin 1.3%
- Sales growth
- +7.7%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.19
- EV/EBITDA 10.2
Strengths and risks
Risks to check
- Return on equity is low at 3.1%.
- 35% below its 52-week high.
- Interest coverage of only 1.4×.
About Balurghat Technologies
Balurghat Technologies Limited provides transport services in India. It offers logistics solutions and supply chain services. The company is also involved in travel and tourism business; and sale of fuel through petrol pumps. It serves pharmaceuticals, FMGC, and retail and fashion industries. The company was formerly known as Balurghat Transport Co. Ltd. and changed its name to Balurghat Technologies Limited in July 2000. Balurghat Technologies Limited…
- Headquarters
- Bengaluru
- Employees
- 42
- Sector
- Industrials
- ISIN
- INE654B01014
- Website
- balurghat.co.in
Price range
- Avg volume (3M)
- 12.8K
- 1-year return
- minus 32.1%
- From 52-week high
- minus 34.7%
Peers · Integrated Freight & Logistics
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DELHIVERYDelhivery | 428.00 | minus 0.48% | 32,080 | 176.9 | 3.28 | 2.6% | 1.9% | 0.1% | 13.2% | – | 0.00% | minus 11.3% |
| SHADOWFAXShadowfax Technologies | 288.25 | minus 0.88% | 16,971 | 67.3 | 8.95 | – | 17.4% | 6.2% | 43.7% | – | 0.00% | plus 162.1% |
| BLUEDARTBlue Dart Express | 4,541.30 | minus 0.76% | 10,776 | 34.8 | 6.06 | 16.9% | 14.8% | 6.7% | 5.9% | −12.6% | 0.55% | minus 28.2% |
| TCITransport Corporation of India | 861.45 | minus 1.38% | 6,485 | 14.4 | 2.37 | 18.1% | 17.7% | 7.6% | 9.1% | 12.9% | 1.16% | minus 26.1% |
| LEAPINDLEAP India | 121.97 | plus 0.05% | 5,373 | 71.7 | 3.34 | 9.0% | 9.6% | 22.9% | 42.4% | 90.5% | 0.00% | minus 15.8% |
| TVSSCSTVS Supply Chain Solutions | 117.07 | minus 1.62% | 5,174 | 80.2 | 2.54 | 9.0% | 6.0% | 2.3% | 3.3% | 42.1% | 0.00% | minus 8.2% |
| MAHLOGMahindra Logistics | 421.10 | plus 0.10% | 4,181 | 55.8 | 3.48 | – | 7.1% | 2.3% | – | – | 0.59% | plus 22.2% |
| BALTEBalurghat Technologies | 11.98 | minus 0.08% | 24 | 12.9 | 1.16 | 13.0% | 3.1% | 3.1% | 23.0% | −26.1% | 0.00% | minus 32.1% |
| Median of 7 peers | – | −0.76% | 6,485 | 67.3 | 3.34 | 9.0% | 9.6% | 6.2% | 11.2% | 27.5% | 0.00% | −11.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 27.9 | 32.7 | 27.7 | 31.8 | 30.1 | |
| 28.2 | 32.4 | 30.4 | 26.5 | 29.1 | |
| −0.3 | 0.2 | −2.7 | 5.3 | 0.9 | |
| −0.9% | 0.7% | −9.7% | 16.7% | 3.1% | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.5 | 0.6 | 0.5 | 0.6 | 0.6 | |
| −0.7 | −0.3 | −3.1 | 4.8 | 0.4 | |
| – | – | – | 4.4% | 26.0% | |
| −0.7 | −0.3 | −3.1 | 4.6 | 0.3 | |
| -0.38 | -0.16 | -1.78 | 2.69 | 0.18 |
Profit & loss
- Sales CAGR 3Y
- +23.0%
- Profit CAGR 3Y
- −26.1%
- EPS CAGR 3Y
- −26.1%
- ROE
- 3.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 64.5 | 79.3 | 87 | 120 | |
| – | +23.0% | +9.7% | +38.0% | |
| 61.4 | 75.4 | 82.9 | 117 | |
| 3.1 | 3.9 | 4.1 | 3 | |
| 4.8% | 5.0% | 4.7% | 2.5% | |
| 0.3 | 0.2 | 0.2 | 0.2 | |
| 1.1 | 1 | 1.1 | 2 | |
| 0.4 | 0.3 | 0.2 | 0.3 | |
| 0 | −0 | 0 | 0 | |
| 2 | 2.9 | 3 | 0.8 | |
| 30.9% | 28.9% | 29.1% | 27.8% | |
| 1.4 | 2.5 | 2.1 | 0.5 | |
| – | +81.0% | minus 14.4% | minus 74.0% | |
| 0.78 | 1.41 | 1.21 | 0.32 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17.4 | 17.4 | 17.4 | 17.4 | |
| −4.6 | −2.1 | −0 | 0.5 | |
| 11.5 | 10.4 | 20.5 | 26.9 | |
| 4.1 | 4.6 | 4.5 | 3.8 | |
| 28.4 | 30.4 | 42.4 | 48.7 | |
| 3.8 | 3.7 | 3.4 | 5.6 | |
| 0.5 | 1.1 | 1.5 | 1.6 | |
| 5.5 | 5 | 5.1 | 5.8 | |
| 18.6 | 20.7 | 32.2 | 35.7 | |
| 28.4 | 30.4 | 42.4 | 48.7 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.9 | 1.1 | −8.5 | −4.4 | |
| −1.4 | −0.6 | −1.4 | −1.3 | |
| −2.1 | −1.1 | 10 | 6.5 | |
| 0.5 | −0.5 | 0.2 | 0.7 | |
| −1.3 | −0.1 | −0.1 | −2.5 | |
| 2.7 | 1 | −8.5 | −6.9 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.