Balaji Phosphates SME IPO Details, Financials, Valuation & Peers

Balaji Phosphates Limited is engaged in the manufacturing and supply of phosphate-based fertilizers, including Single Super Phosphate (SSP) in both powder and granulated forms, NPK Granulated & Mixed Fertilizers, and Zinc Sulphate. The company markets its products under the ‘RATNAM’ and ‘BPPL’ brands, catering to a diverse customer base of retailers, wholesalers, and state-owned cooperatives, with farmers being the end users. Its fertilizers play a crucial role in improving soil fertility and enhancing crop yields by addressing nutrient deficiencies in agricultural soils. The company’s operations are strategically located in Dewas, Madhya Pradesh, with a manufacturing facility spanning 12,600 square meters, equipped with advanced in-house testing laboratories for stringent quality control.

Key Points:

• Product Portfolio: The company manufactures Single Super Phosphate (SSP), NPK Granulated & Mixed Fertilizers, and Zinc Sulphate, which are essential for improving soil health and crop productivity.
• Market Reach: The company supplies fertilizers to farmers across Madhya Pradesh, Chhattisgarh, Maharashtra, Telangana, and Andhra Pradesh, supporting agricultural growth in these regions.
• Manufacturing Facility: The company operates a 12,600 sq. meter production unit in Dewas, Madhya Pradesh, with an installed capacity of 1,20,000 MT per annum for SSP, 49,500 MT per annum for NPK fertilizers, and 3,300 MT per annum for Zinc Sulphate.
• Raw Material Sourcing: The company imports Crushed Rock Phosphate (CRP) from Jordan, Morocco, Egypt, and other Gulf countries while sourcing Beneficiated Rock Phosphate (BRP) and Sulfuric Acid locally from Madhya Pradesh.
• Subsidiary Operations: The company owns Jyoti Weighing Systems Pvt. Ltd. (JWSPL), a 99.98% subsidiary specializing in the manufacturing of weighbridges with a capacity of up to 633 MT, supporting logistical and operational needs.