Shree Tirupati Balajee Agro Trading Company Limited, incorporated in October 2001 and converted to a public limited company in November 2023, is a prominent manufacturer and seller of Flexible Intermediate Bulk Containers (FIBCs) and other industrial packaging products like woven sacks, woven fabric, narrow fabric, and tapes. The company serves both the Indian domestic market and overseas clients, offering customized solutions for bulk packaging needs across diverse industries including chemicals, agrochemicals, food, mining, waste disposal, agriculture, lubricants, and edible oil.
Headquartered at Plot No 192 Sector 1, Pithampur, Dhar, Madhya Pradesh, the company is promoted by Binod Kumar Agarwal, who holds 65.42% of the total equity and serves as the Chairman and Managing Director. Shree Tirupati Balajee operates five manufacturing units. Units I and II are certified with ISO 9001:2015 and ISO 14001:2018. Unit III holds certifications including ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, ISO 14064-1:2018, and SEDEX SMETA four-pillar compliance.
Shree Tirupati Balajee Agro Trading Company Ltd has demonstrated robust financial growth. Revenue saw a significant increase of 16%, and profit after tax (PAT) rose by 74% between the financial years ending March 31, 2024, and March 31, 2023. The company reports an operating revenue of ₹579.40 Cr on a trailing 12-month basis, indicating consistent business momentum. As of June 26, 2025, its market capitalization stood at ₹379.06 Cr, classifying it as a small-cap company within the packaging sector. The company maintains a reasonable debt-to-equity ratio of 3%.
- Trailing 12-Month (TTM) Revenue: ₹579.40 Cr
- TTM Profit After Tax (PAT): ₹25 Cr
- PE Ratio (TTM): 15.02
- PB Ratio: 0.77
- EPS (TTM): ₹3.11
- Annual Revenue Growth: 8%
- Pre-tax Margin: 8%
- Return on Equity (ROE): 8%
- Debt to Equity Ratio: 3%
- Market Capitalization: ₹379.06 Cr (as of June 26, 2025)
- Promoter Holding: 65.42% (Binod Kumar Agarwal)
The company's operations are supported by its subsidiaries: Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL), and Jagannath Plastics Private Limited (JPPL). This diversified structure enables the company to cater to multiple industrial sectors with specialized packaging solutions. As of July 2024, the company employed 857 individuals, reflecting its significant operational scale.
Shree Tirupati Balajee's product portfolio includes a comprehensive range of industrial packaging solutions designed for the transportation and storage of bulk materials. Their FIBC products are particularly noted for enhancing efficiency in loading and unloading operations for ships, containers, and trucks, leading to reduced labor requirements and operational costs for clients.
Shree Tirupati Balajee shares were listed on the BSE and NSE on September 12, 2024, following an Initial Public Offering (IPO) priced at ₹83 per share. The stock debuted at ₹90.00, marking a listing gain of 8.43%. The stock trades on the NSE under the symbol BALAJEE and on the BSE under the scrip code 544249.
As of June 26, 2025, the stock's 52-week high was ₹99.22 and the 52-week low was ₹38.55. The company's current market capitalization places it within the small-cap segment of the packaging industry.
Classified as a Small Cap company in the packaging industry by Value Research, Shree Tirupati Balajee Agro Trading Company Ltd presents attractive valuations. Its P/B ratio of 1.29 times is 55% below the peers' median of 2.86 times, and its P/E ratio of 14.93 times is 52% below the peers' median of 30.85 times.
Key competitive advantages for the company include its diverse product range, multiple strategically located manufacturing facilities, well-established client relationships across various industries, and strong technical expertise in FIBC manufacturing. The company's adherence to international quality standards, evidenced by its ISO certifications and SEDEX compliance, further bolsters its credibility in both domestic and international markets.
Shree Tirupati Balajee Agro Trading Company Ltd exhibits strong corporate governance principles, with no promoter pledging indicating high promoter confidence and financial stability. The company ensures transparency through regular regulatory filings and adherence to stock exchange requirements. Rishika Singhai serves as the Company Secretary, overseeing corporate governance practices.
The management team possesses extensive experience in the packaging sector, with a steadfast focus on operational excellence, stringent quality control, and high customer satisfaction. The company's sustained presence in the market since its inception in 2001 underscores the management's capability to navigate market cycles and maintain a consistent growth trajectory.
