Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 122 | 74 | 111 | 111 | 104 | 103 | 123 | 124 | 140 | 114 | 158 | 195 |
| Expenses | 109 | 66 | 97 | 99 | 94 | 94 | 117 | 115 | 125 | 100 | 139 | 164 |
| Operating Profit | 13 | 8 | 14 | 12 | 10 | 9 | 6 | 9 | 15 | 14 | 19 | 31 |
| OPM % | 11% | 11% | 13% | 11% | 9% | 9% | 5.0% | 7% | 11% | 12% | 12% | 16% |
| Other Income | 0 | 1 | 1 | 2 | 3 | 2 | 1 | 1 | 0 | 1 | 1 | 2 |
| Interest | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 3 | 4 | 3 | 7 | 6 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 8 | 8 |
| Profit before tax | 9 | 5 | 11 | 10 | 8 | 6 | 2 | 2 | 8 | 6 | 5 | 18 |
| Tax % | 33% | 31% | 32% | 41% | 30% | 35% | 140% | -59% | 27% | 27% | 15% | 24% |
| Net Profit | 6 | 3 | 7 | 6 | 5 | 4 | -1 | 4 | 6 | 5 | 4 | 13 |
| EPS in Rs | 0.55 | 0.32 | 0.69 | 0.46 | 0.44 | 0.29 | -0.07 | 0.31 | 0.42 | 0.36 | 0.31 | 1.03 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 246 | 318 | 436 | 502 | 408 | 440 | 536 | 607 |
| Expenses | 229 | 271 | 367 | 425 | 365 | 404 | 479 | 528 |
| Operating Profit | 17 | 47 | 68 | 77 | 43 | 37 | 57 | 79 |
| OPM % | 7% | 15% | 16% | 15% | 11% | 8% | 11% | 13% |
| Other Income | 4 | 2 | 1 | 1 | 3 | 9 | 2 | 4 |
| Interest | 5 | 8 | 9 | 5 | 8 | 7 | 17 | 21 |
| Depreciation | 7 | 8 | 9 | 10 | 11 | 14 | 21 | 25 |
| Profit before tax | 9 | 32 | 51 | 64 | 27 | 25 | 21 | 36 |
| Tax % | 27% | 27% | 30% | 29% | 32% | 45% | 14% | |
| Net Profit | 7 | 23 | 36 | 45 | 18 | 14 | 18 | 28 |
| EPS in Rs | 0.63 | 2.27 | 3.48 | 4.34 | 1.75 | 1.07 | 1.40 | 2.12 |
| Dividend Payout % | 0% | 0% | 7% | 9% | 6% | 14% | 11% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 11% | 2% | 34% | ||
| Compounded Profit Growth | % | -4% | -26% | 127% | ||
| Stock Price CAGR | 33% | 33% | 25% | -2% | ||
| Return on Equity | % | 6% | 3% | 3% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 10 | 10 | 13 | 13 |
| Reserves | 124 | 147 | 182 | 303 | 403 | 669 | 685 |
| Borrowings | 43 | 62 | 81 | 50 | 62 | 89 | 235 |
| Other Liabilities | 50 | 55 | 71 | 83 | 101 | 162 | 187 |
| Total Liabilities | 225 | 273 | 342 | 447 | 576 | 933 | 1,120 |
| Fixed Assets | 138 | 152 | 157 | 173 | 214 | 245 | 580 |
| CWIP | 4 | 2 | 5 | 28 | 68 | 289 | 96 |
| Investments | 0 | 0 | 0 | 0 | 38 | 0 | 0 |
| Other Assets | 83 | 119 | 181 | 246 | 256 | 399 | 445 |
| Total Assets | 225 | 273 | 342 | 447 | 576 | 933 | 1,120 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 48 | 4 | 7 | 14 | 34 | -53 | 12 |
| Cash from Investing Activity | -39 | -21 | -17 | -60 | -116 | -201 | -160 |
| Cash from Financing Activity | -9 | 15 | 12 | 46 | 88 | 272 | 136 |
| Net Cash Flow | 0 | -2 | 2 | 1 | 7 | 18 | -12 |
| Free Cash Flow | 9 | -17 | -10 | -46 | -45 | -302 | -148 |
| CFO/OP | 304% | 20% | 21% | 33% | 91% | -123% | 34% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 17 | 68 | 81 | 94 | 96 | 144 | 139 |
| Inventory Days | 137 | 97 | 91 | 108 | 168 | 173 | 161 |
| Days Payable | 59 | 89 | 73 | 69 | 98 | 125 | 152 |
| Cash Conversion Cycle | 95 | 76 | 99 | 132 | 166 | 193 | 148 |
| Working Capital Days | -12 | 21 | 32 | 90 | 94 | 124 | 117 |
| ROCE % | 20% | 25% | 22% | 8% | 5% | 5% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 23.52% | 23.52% | 23.52% | 20.27% | 20.27% | 20.27% | 19.75% | 19.75% | 19.60% | 19.60% | 19.60% | 19.60% |
| FIIs | 0.10% | 0.17% | 0.16% | 0.17% | 0.15% | 0.18% | 0.04% | 0.05% | 0.05% | 0.20% | 0.14% | 0.10% |
| DIIs | 0.00% | 0.00% | 0.00% | 3.14% | 3.14% | 3.08% | 2.89% | 2.89% | 2.89% | 2.99% | 3.02% | 3.00% |
| Public | 76.38% | 76.32% | 76.33% | 76.42% | 76.44% | 76.46% | 77.33% | 77.31% | 77.48% | 77.22% | 77.24% | 77.31% |
| No. of Shareholders | 3,941 | 3,747 | 4,292 | 11,298 | 15,101 | 14,762 | 13,883 | 13,911 | 13,761 | 13,381 | 12,815 | 13,043 |
Fundamentals
Market Cap₹ 3,128 Cr.
Current Price₹ 240
Stock P/E114
Book Value₹ 53.8
ROCE4.53 %
ROE2.63 %
Dividend Yield0.06 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)34%
Compounded Profit Growth (TTM)127%
Consolidated figures.
Valuation
Market capRs 3,075 Cr
Enterprise valueRs 3,121 Cr
P/E (TTM)111.73x
Price to book9.82x
Price to sales5.06x
EV / EBITDA37.98x
EV / EBIT54.97x
EV / sales5.14x
Price to cash flow221.37x
Earnings yield0.90%
Dividend yield0.14%
P/E, 3-year average2.14x
P/B, 3-year average0.34x
Profitability
Operating margin (excl. other income)15.40%
Operating margin (incl. other income)15.65%
EBITDA margin13.54%
Pre-tax margin5.95%
Net profit margin4.53%
Net margin, latest quarter6.84%
ROE17.95%
ROCE21.69%
ROA11.45%
ROE, 3-year average18.28%
ROCE, 3-year average22.32%
ROA, 3-year average10.81%
ROIC (approx.)11.18%
Tax rate29.21%
Other income / net worth0.40%
Growth
Sales growth (latest year)15.25%
Profit growth (latest year)26.29%
Sales CAGR, 3 years26.90%
Profit CAGR, 3 years90.70%
Sales growth QoQ23.35%
Profit growth QoQ227.52%
Sales growth YoY (latest quarter)57.55%
Profit growth YoY (latest quarter)234.92%
Per share
EPS (TTM)Rs 2.11
EPS (latest year)Rs 43.39
EPS (latest quarter)Rs 1.02
EPS, 3-year averageRs 38.02
Book value per shareRs 24.06
Sales per shareRs 46.63
Cash flow per shareRs 1.07
Free cash flow per shareRs -11.37
Dividend per share (latest year)Rs 4.00
Dividend per share, 3-year averageRs 3.49
Dividends
Dividend payout9.21%
Dividend payout, 3-year average8.10%
Efficiency
Asset turnover1.12x
Fixed asset turnover2.89x
Inventory turnover4.16x
Inventory days88 days
Debtor days94 days
Debtors turnover3.90x
Creditor days152 days
Cash conversion cycle148 days
Working capital days117 days
Leverage
Total debtRs 50 Cr
Cash and bankRs 4 Cr
Net debtRs 46 Cr
Debt to equity0.16x
Net debt / EBITDA0.56x
Interest coverage2.75x
Current ratio (filing 2026-03-31)1.78x
Quick ratio (filing 2026-03-31)1.18x
Trade payables (filing 2026-03-31)Rs 138 Cr
Owners' fund to total sources70.09%
Debt to assets11.23%
Cash flow
Cash from Operating Activity (latest year)Rs 14 Cr
Cash from Investing Activity (latest year)Rs -60 Cr
Cash from Financing Activity (latest year)Rs 46 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -148 Cr
FCFE (approx.: FCF + change in debt)Rs -179 Cr
Cash from ops / profit, 5 years0.11x
Sales to cash flow36.15x
Statement figures
Net sales (TTM)Rs 607 Cr
Net sales (latest year)Rs 502 Cr
Sales (latest quarter)Rs 195 Cr
Operating profit excl. other income (latest year)Rs 77 Cr
Operating profit (latest quarter)Rs 31 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 82 Cr
PBDT (TTM)Rs 62 Cr
Profit before tax (TTM)Rs 36 Cr
Tax (latest year)Rs 19 Cr
Net profit (TTM)Rs 28 Cr
Net profit (latest year)Rs 45 Cr
Net profit (latest quarter)Rs 13 Cr
Depreciation (TTM)Rs 25 Cr
Depreciation (latest quarter)Rs 8 Cr
Interest (TTM)Rs 21 Cr
Cost of goods sold (latest year)Rs 380 Cr
Total expenditure (latest year)Rs 425 Cr
Total income (latest year)Rs 503 Cr
Share capitalRs 10 Cr
ReservesRs 303 Cr
Shareholders' fundsRs 313 Cr
Total assetsRs 447 Cr
Net blockRs 173 Cr
Capital work in progressRs 28 Cr
ReceivablesRs 129 Cr
InventoryRs 91 Cr
Other liabilitiesRs 83 Cr
Shares outstanding (crore)13.02
Ownership
Promoter holding19.60% (-0.15 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 111.7 is the lowest in its own 3.4-year history
(median 234.7, low 111.7, high 391.9).
P/B 9.82 is the lowest in 3.4 years (median 16.99).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | BHAGCHEM | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.6% | -2.8% | -0.8 pts |
| 1 month | -12.2% | -6.8% | -5.4 pts |
| 3 months | -16.7% | -7.6% | -9.1 pts |
| 6 months | +37.7% | +0.4% | +37.3 pts |
| 1 year | -6.0% | -9.9% | +4.0 pts |
| 2 years | -36.1% | -13.6% | -22.5 pts |
| 3 years | +94.1% | +14.2% | +79.9 pts |
| 5 years | +305.3% | +27.9% | +277.4 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was 23% of net profit over the last 3 years |
| look | Auditor change Auditor change 2026-05-19: Bhagiradha Chemicals & Industries Limited has informed the Exchange regarding Change in Auditors of the company. |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹195 Cr +57.3% vs Jun 2025.
Net profit ₹13 Cr +225.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| UPL Ltd | 45,402 | 23.0 | 10.1 % |
| P I Industries Ltd | 34,725 | 32.2 | 15.0 % |
| Sumitomo Chemical India Ltd | 21,521 | 37.7 | 23.5 % |
| Bayer CropScience Ltd | 16,191 | 22.1 | 29.1 % |
| Sharda Cropchem Ltd | 6,509 | 10.4 | 30.2 % |
| Dhanuka Agritech Ltd | 4,148 | 15.5 | 23.8 % |
| Rallis India Ltd | 3,882 | 17.0 | 14.1 % |
| NACL Industries Ltd | 3,101 | 120 | 8.13 % |
| GSP Crop Science Ltd | 2,198 | 21.0 | 18.9 % |
| Insecticides India Ltd | 1,706 | 13.6 | 15.8 % |
| Bharat Rasayan Ltd | 1,673 | 12.0 | 16.1 % |
| Astec Lifesciences Ltd | 1,552 | -5.44 % | |
| India Pesticides Ltd | 1,533 | 14.2 | 16.6 % |
| Meghmani Organics Ltd | 1,458 | 22.7 | 6.71 % |
| Punjab Chemicals & Crop Protection Ltd | 1,283 | 19.2 | 18.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-07-23 | Dividend - Re 0.15 Per Share | |
| 2025-08-14 | Dividend - Rs 0.15 Per Share | |
| 2024-08-02 | Annual General Meeting/Dividend - Re 0.10 Per Share | |
| 2024-05-02 | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 1/- Per Share | 0.1000 |
| 2023-07-27 | Annual General Meeting/Dividend - Rs 3 Per Share | |
| 2022-11-16 | Interim Dividend - Re 1 Per Share | |
| 2022-08-04 | Annual General Meeting/Dividend - Rs 2 Per Share | |
| 2022-04-07 | Rights Issue 4:17@ Premium Rs 390/- | |
| 2021-11-11 | Interim Dividend - Re 1 Per Share |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)
Quick answers
What is the market cap of Bhagiradha Chemicals & Industries Ltd?
Bhagiradha Chemicals & Industries Ltd (BHAGCHEM) has a market capitalisation of Rs 3,128 Cr. at the 2026-10-01 close.
What is the P/E ratio of Bhagiradha Chemicals & Industries Ltd?
Bhagiradha Chemicals & Industries Ltd trades at a P/E of 114 on trailing twelve-month profit, at the 2026-10-01 close.
What were Bhagiradha Chemicals & Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Bhagiradha Chemicals & Industries Ltd sales was Rs 195 Cr (+57.3% vs Jun 2025) and net profit was Rs 13 Cr.
What is the 52-week high and low of Bhagiradha Chemicals & Industries Ltd?
The 52-week high is Rs 316.90 and the 52-week low is Rs 170.60.