Balaji Phosphates (NSE:BALAJIPHOS) ROE %: 11.97% (As of Mar. 2026) — 14% Below Median


NSE:BALAJIPHOS Balaji Phosphates Ltd NSE:BALAJIPHOS
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What is Balaji Phosphates ROE %?

Balaji Phosphates NSE:BALAJIPHOS +0.17% 14 ROE % is 11.97% as of Mar. 2026, which is 14% below its 10-year median of 13.96. GuruFocus rates NSE:BALAJIPHOS with a GF Score™ of 14/100. The stock has 4 warning signs investors should review. Among 253 Agriculture companies, Balaji Phosphates ranks better than 66.4% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Balaji Phosphates's annualized net income for the quarter that ended in Mar. 2026 was ₹102 Mil. Balaji Phosphates's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹853 Mil. Therefore, Balaji Phosphates's annualized ROE % for the quarter that ended in Mar. 2026 was 11.97%.

The historical rank and industry rank for Balaji Phosphates's ROE % or its related term are showing as below:

NSE:BALAJIPHOS' s ROE % Range Over the Past 10 Years
Min: 11.97   Med: 13.96   Max: 23.49
Current: 11.97

During the past 5 years, Balaji Phosphates's highest ROE % was 23.49%. The lowest was 11.97%. And the median was 13.96%.

NSE:BALAJIPHOS's ROE % is ranked better than
66.4% of 253 companies
in the Agriculture industry
Industry Median: 6.74 vs NSE:BALAJIPHOS: 11.97

Balaji Phosphates  (NSE:BALAJIPHOS) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=102.166/853.482
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(102.166 / 1704.738)*(1704.738 / 1436.505)*(1436.505 / 853.482)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.99 %*1.1867*1.6831
=ROA %*Equity Multiplier
=7.11 %*1.6831
=11.97 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=102.166/853.482
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (102.166 / 149.8) * (149.8 / 178.463) * (178.463 / 1704.738) * (1704.738 / 1436.505) * (1436.505 / 853.482)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.682 * 0.8394 * 10.47 % * 1.1867 * 1.6831
=11.97 %

Note: The net income data used here is one times the annual (Mar. 2026) net income data. The Revenue data used here is one times the annual (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Balaji Phosphates ROE % Related Terms


Balaji Phosphates ROE % Historical Data

* Premium members only.

The historical data trend for Balaji Phosphates's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Balaji Phosphates ROE % Chart

Balaji Phosphates Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
13.96 23.49 18.89 13.76 11.97

Balaji Phosphates Semi-Annual Data
Mar22 Mar23 Mar24 Mar25 Mar26
ROE % 13.96 23.49 18.89 13.76 11.97

NSE:BALAJIPHOS vs CTVA, CF, MOS: ROE % Comparison

For the Agricultural Inputs subindustry, Balaji Phosphates's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Balaji Phosphates ROE % vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Balaji Phosphates's ROE % distribution charts can be found below:

* The bar in red indicates where Balaji Phosphates's ROE % falls into.


NSE:BALAJIPHOS
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Balaji Phosphates Ltd NSE:BALAJIPHOS
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Balaji Phosphates ROE % Calculation

Balaji Phosphates's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=102.166/( (800.4+906.564)/ 2 )
=102.166/853.482
=11.97 %

Balaji Phosphates's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Mar. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=102.166/( (800.4+906.564)/ 2 )
=102.166/853.482
=11.97 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is one times the annual (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 11.97% mean?
Balaji Phosphates (NSE:BALAJIPHOS) has a ROE % of 11.97% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Balaji Phosphates and its competitors. This is 14% below median its historical median of 13.96. Over the past decade, Balaji Phosphates' ROE % has ranged from 11.97 to 23.49. According to the industry distribution chart, Balaji Phosphates ranks #85 out of 253 companies in the Agriculture industry, placing it in the top 33.6%.
Is Balaji Phosphates' ROE % too high?
Balaji Phosphates' current ROE % of 11.97% is 14% below median its 10-year median of 13.96. Over the past 10 years, this metric has ranged from a low of 11.97 to a high of 23.49. The Agriculture industry median ROE % is 6.74. Balaji Phosphates' value of 11.97% is 77.6% above this industry median. Based on the distribution chart, Balaji Phosphates ranks #85 out of 253 companies in the Agriculture industry, which is above the industry midpoint. Overall, Balaji Phosphates has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Balaji Phosphates' ROE % compare to CTVA and CF?
According to the Agriculture industry distribution chart, Balaji Phosphates ranks #85 out of 253 companies for ROE %. This puts Balaji Phosphates in the upper half of its industry. The industry median ROE % is 6.74. Balaji Phosphates' value of 11.97% is 77.6% above this benchmark. Historically, Balaji Phosphates' own ROE % has ranged from 11.97 to 23.49 over the past decade. While the company's 10-year median is 13.96 vs. the industry median of 6.74, Balaji Phosphates has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Agriculture company?
The median ROE % among Agriculture companies is 6.74, based on 253 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Balaji Phosphates's current ROE % of 11.97% is 77.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Balaji Phosphates and its competitors. For the Agriculture industry, the median ROE % is 6.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Balaji Phosphates's current ROE % is 11.97%, which is 14% below median its own 10-year median of 13.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balaji Phosphates stock overvalued right now?
Balaji Phosphates (NSE:BALAJIPHOS) has a current ROE % of 11.97%. The current ROE % is 11.97%, which is 14% below median its 10-year median of 13.96 and 77.6% above the Agriculture industry median of 6.74. Balaji Phosphates' overall GF Score™ is 14/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Balaji Phosphates (NSE:BALAJIPHOS), the current ROE % is 11.97% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Balaji Phosphates Business Description

Address 305, Utsav Avenue, 12/5, Usha Ganj Jaora Compound, Indore General Post Office, Indore, MP, IND, 452001
Balaji Phosphates Ltd manufactures and supplies Single Super Phosphate (SSP) in powder and granulated forms, NPK granulated and mixed fertilizers, and zinc sulphate. It sells products under the brand names RATNAM and BPPL to customers, including retailers, wholesalers, and state-owned cooperatives, with farmers being the end users. The company operates in two segments: Fertilizers and Weighbridge. The Fertilizers segment includes the manufacturing of single super phosphate fertilizers. The Weighbridge segment includes the manufacture of weighbridges and annual service maintenance. The key revenue is generated from the Fertilizers segment.
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