Bhaskar Agrochemicals Ltd

Bhaskar Agrochem Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bhaskar Agrochemicals Ltd

₹ 65.5 -1.68%
26 Apr - close price
bhaskaragro.com BSE: 524534
About

Incorporated in 1988, Bhaskar Agrochemicals Ltd manufactures Agrochemical Formulations

Key Points

Product Profile:[1]
a) Emulsion Concentrates
b) Soluble Concentrates
c) Soluble Liquids
d) Wettable Powders
e) Soluble Powders
f) Water Dispersible Granules
g) Coated Granules
h) Dusting Powders
i) Micronutrients
j) Fertilizers

Website BSE
  • Market Cap ₹ 34.1 Cr.
  • Current Price ₹ 65.5
  • High / Low ₹ 78.1 / 33.0
  • Stock P/E 26.3
  • Book Value ₹ 25.4
  • Dividend Yield 0.00 %
  • ROCE 12.2 %
  • ROE 1.93 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 2.58 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 1.30% over past five years.
  • Company has a low return on equity of 7.66% over last 3 years.
  • Debtor days have increased from 68.9 to 111 days.
  • Working capital days have increased from 58.2 days to 89.3 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
12.73 10.71 10.33 27.50 18.81 8.71 5.36 23.21 16.90 9.78 7.33 29.55 20.29
12.19 10.40 9.69 24.85 16.73 8.87 5.87 19.56 14.18 10.86 9.19 24.27 17.25
Operating Profit 0.54 0.31 0.64 2.65 2.08 -0.16 -0.51 3.65 2.72 -1.08 -1.86 5.28 3.04
OPM % 4.24% 2.89% 6.20% 9.64% 11.06% -1.84% -9.51% 15.73% 16.09% -11.04% -25.38% 17.87% 14.98%
0.00 0.00 0.00 0.00 0.00 -0.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.32 0.39 0.54 0.67 0.48 -0.31 0.39 0.41 0.44 0.47 0.48 0.46 0.46
Depreciation 0.26 0.26 0.27 0.27 0.27 0.32 0.29 0.30 0.30 0.31 0.36 0.41 0.40
Profit before tax -0.04 -0.34 -0.17 1.71 1.33 -0.92 -1.19 2.94 1.98 -1.86 -2.70 4.41 2.18
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% -93.48% -62.18% 28.91% 28.79% 28.49% 24.81% 27.66% 32.11%
-0.04 -0.35 -0.17 1.71 1.33 -1.78 -1.94 2.10 1.41 -1.34 -2.03 3.19 1.48
EPS in Rs -0.08 -0.67 -0.33 3.28 2.55 -3.42 -3.72 4.03 2.71 -2.57 -3.90 6.12 2.84
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
20.07 23.14 27.47 26.49 27.82 27.80 51.80 51.67 51.84 63.82 62.46 55.25 66.95
18.84 21.29 26.02 25.29 25.78 25.64 49.89 48.79 48.87 60.61 57.27 50.48 61.57
Operating Profit 1.23 1.85 1.45 1.20 2.04 2.16 1.91 2.88 2.97 3.21 5.19 4.77 5.38
OPM % 6.13% 7.99% 5.28% 4.53% 7.33% 7.77% 3.69% 5.57% 5.73% 5.03% 8.31% 8.63% 8.04%
-0.22 -0.79 0.18 0.12 0.02 -0.06 0.00 0.00 0.01 0.00 -0.75 0.00 0.00
Interest 0.04 0.00 0.03 0.03 0.16 0.80 0.96 1.39 1.38 1.34 1.37 1.71 1.87
Depreciation 0.14 0.16 0.22 0.24 0.31 0.45 0.56 0.77 0.99 1.02 1.13 1.21 1.48
Profit before tax 0.83 0.90 1.38 1.05 1.59 0.85 0.39 0.72 0.61 0.85 1.94 1.85 2.03
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 44.33% 87.57%
0.84 0.91 1.37 1.05 1.58 0.86 0.39 0.72 0.61 0.85 1.09 0.23 1.30
EPS in Rs 1.61 1.75 2.63 2.02 3.03 1.65 0.75 1.38 1.17 1.63 2.09 0.44 2.49
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 9%
5 Years: 1%
3 Years: 2%
TTM: 24%
Compounded Profit Growth
10 Years: -18%
5 Years: -10%
3 Years: -28%
TTM: 913%
Stock Price CAGR
10 Years: %
5 Years: 25%
3 Years: 23%
1 Year: -10%
Return on Equity
10 Years: 14%
5 Years: 8%
3 Years: 8%
Last Year: 2%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5.20 5.20 5.20 5.20 5.20 5.20 5.20 5.20 5.20 5.20 5.20 5.20 5.20
Reserves -6.78 -5.88 -4.50 -3.46 -1.88 2.42 2.79 3.54 4.15 5.04 6.61 6.87 8.04
Preference Capital 0.00 3.25 3.25 3.25 3.25 0.00 1.52 1.67 1.83 2.02 2.22 2.44
6.52 3.72 3.68 2.72 6.72 8.04 10.49 11.22 9.43 8.65 14.20 15.53 16.32
5.24 7.49 8.38 9.37 8.36 5.40 8.46 10.67 10.81 12.68 18.03 19.67 38.11
Total Liabilities 10.18 10.53 12.76 13.83 18.40 21.06 26.94 30.63 29.59 31.57 44.04 47.27 67.67
5.90 6.53 7.96 8.98 8.96 13.67 14.14 18.84 18.45 18.00 16.87 17.14 18.55
CWIP 0.47 0.17 0.26 0.00 3.78 1.10 3.52 0.00 0.00 0.22 0.00 0.03 0.06
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3.81 3.83 4.54 4.85 5.66 6.29 9.28 11.79 11.14 13.35 27.17 30.10 49.06
Total Assets 10.18 10.53 12.76 13.83 18.40 21.06 26.94 30.63 29.59 31.57 44.04 47.27 67.67

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1.25 0.25 1.80 1.64 0.81 1.33 0.64 2.43 3.44 2.47 -3.84 2.94
-1.01 -0.49 -1.76 -1.04 -4.22 -2.03 -3.71 -1.95 -0.60 -0.79 -0.60 -2.86
-0.23 0.22 -0.04 -0.59 3.41 0.72 3.05 -0.47 -2.84 -1.69 4.44 -0.07
Net Cash Flow 0.01 -0.01 0.00 0.01 -0.01 0.02 -0.02 0.01 0.00 0.00 0.01 0.00

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 3.09 2.84 2.52 6.61 10.23 7.22 8.24 19.57 38.09 20.02 75.97 110.79
Inventory Days 76.87 68.68 66.36 73.43 73.43 96.94 65.11 75.35 48.06 66.42 109.41 113.53
Days Payable 71.31 52.86 50.71 65.03 34.37 39.37 28.14 33.89 29.66 71.05 90.54 108.07
Cash Conversion Cycle 8.65 18.66 18.18 15.01 49.30 64.79 45.22 61.03 56.49 15.39 94.84 116.25
Working Capital Days -29.64 -13.57 -14.08 -17.22 -6.95 4.07 7.47 12.08 10.07 15.67 69.77 89.32
ROCE % 30.10% 20.26% 14.08% 16.67% 11.95% 7.57% 10.14% 9.42% 10.55% 16.52% 12.22%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
62.20% 62.20% 62.20% 62.20% 62.20% 62.20% 62.20% 62.20% 62.20% 62.20% 62.20% 62.20%
37.79% 37.79% 37.79% 37.79% 37.79% 37.79% 37.80% 37.79% 37.80% 37.79% 37.79% 37.80%
No. of Shareholders 3,6873,7113,7823,8283,8183,8583,8714,0274,1084,3374,2594,277

Documents

Announcements

Annual reports