Bharat Rasayan Ltd
Bharat Rasayan Ltd is engaged in manufacturing Technical Grade Pesticides and Intermediates used in the agro-chemical industry. It was incorporated in 1989.[1]
- Market Cap ₹ 3,950 Cr.
- Current Price ₹ 9,526
- High / Low ₹ 10,599 / 8,333
- Stock P/E 64.4
- Book Value ₹ 2,188
- Dividend Yield 0.02 %
- ROCE 20.4 %
- ROE 16.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company's median sales growth is 21.5% of last 10 years
Cons
- The company has delivered a poor sales growth of 9.27% over past five years.
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
142 | 185 | 360 | 438 | 451 | 618 | 792 | 989 | 1,213 | 1,091 | 1,301 | 1,234 | 1,041 | |
125 | 159 | 296 | 355 | 370 | 508 | 634 | 802 | 983 | 851 | 1,049 | 1,036 | 934 | |
Operating Profit | 17 | 26 | 64 | 82 | 81 | 111 | 159 | 188 | 230 | 240 | 252 | 198 | 107 |
OPM % | 12% | 14% | 18% | 19% | 18% | 18% | 20% | 19% | 19% | 22% | 19% | 16% | 10% |
-0 | 0 | 1 | 1 | 1 | 2 | 4 | 1 | 14 | 6 | 16 | 15 | 6 | |
Interest | 1 | 5 | 17 | 18 | 13 | 12 | 12 | 16 | 16 | 4 | 7 | 6 | 3 |
Depreciation | 2 | 7 | 18 | 18 | 17 | 16 | 16 | 17 | 22 | 26 | 25 | 26 | 26 |
Profit before tax | 14 | 14 | 30 | 48 | 52 | 84 | 135 | 155 | 205 | 216 | 235 | 180 | 85 |
Tax % | 28% | 32% | 33% | 34% | 34% | 35% | 27% | 28% | 23% | 24% | 25% | 27% | |
10 | 10 | 20 | 32 | 34 | 55 | 98 | 112 | 158 | 164 | 177 | 131 | 58 | |
EPS in Rs | 23.14 | 22.57 | 47.43 | 74.73 | 79.74 | 128.35 | 231.39 | 262.48 | 371.03 | 387.11 | 426.27 | 314.85 | 140.34 |
Dividend Payout % | 5% | 0% | 2% | 2% | 2% | 1% | 1% | 1% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 21% |
5 Years: | 9% |
3 Years: | 1% |
TTM: | -24% |
Compounded Profit Growth | |
---|---|
10 Years: | 30% |
5 Years: | 7% |
3 Years: | -6% |
TTM: | -63% |
Stock Price CAGR | |
---|---|
10 Years: | 41% |
5 Years: | 17% |
3 Years: | -1% |
1 Year: | 1% |
Return on Equity | |
---|---|
10 Years: | 26% |
5 Years: | 24% |
3 Years: | 21% |
Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Reserves | 49 | 58 | 78 | 109 | 142 | 196 | 294 | 405 | 560 | 724 | 768 | 897 | 905 |
39 | 131 | 143 | 140 | 111 | 115 | 128 | 247 | 94 | 58 | 174 | 28 | 70 | |
34 | 53 | 82 | 82 | 69 | 54 | 77 | 100 | 94 | 122 | 142 | 152 | 170 | |
Total Liabilities | 126 | 246 | 307 | 335 | 326 | 369 | 504 | 756 | 752 | 908 | 1,087 | 1,082 | 1,148 |
16 | 135 | 142 | 137 | 136 | 131 | 148 | 150 | 203 | 191 | 228 | 225 | 216 | |
CWIP | 48 | 0 | 1 | 2 | 1 | 1 | 7 | 35 | 18 | 18 | 11 | 11 | 87 |
Investments | 1 | 0 | 0 | 30 | 20 | 0 | 0 | 0 | 9 | 151 | 45 | 75 | 145 |
60 | 111 | 164 | 167 | 169 | 237 | 349 | 570 | 522 | 549 | 803 | 771 | 700 | |
Total Assets | 126 | 246 | 307 | 335 | 326 | 369 | 504 | 756 | 752 | 908 | 1,087 | 1,082 | 1,148 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
13 | -8 | 29 | 60 | 47 | 16 | 29 | -52 | 263 | 170 | -65 | 213 | |
-42 | -77 | -25 | -41 | -5 | 8 | -31 | -46 | -53 | -149 | 64 | -43 | |
30 | 87 | -3 | -19 | -43 | -24 | 2 | 102 | -169 | -40 | -25 | -152 | |
Net Cash Flow | 1 | 3 | 1 | -0 | -1 | -0 | 0 | 4 | 40 | -19 | -26 | 18 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 77 | 89 | 61 | 66 | 71 | 71 | 102 | 103 | 75 | 99 | 130 | 96 |
Inventory Days | 65 | 108 | 105 | 73 | 71 | 75 | 66 | 112 | 70 | 90 | 120 | 141 |
Days Payable | 31 | 56 | 58 | 48 | 32 | 17 | 25 | 24 | 17 | 33 | 30 | 33 |
Cash Conversion Cycle | 111 | 141 | 108 | 91 | 110 | 129 | 143 | 191 | 128 | 156 | 221 | 204 |
Working Capital Days | 68 | 117 | 86 | 75 | 86 | 110 | 127 | 173 | 116 | 134 | 185 | 173 |
ROCE % | 21% | 14% | 22% | 27% | 25% | 34% | 39% | 32% | 34% | 31% | 28% | 20% |
Documents
Announcements
- Standalone & Consolidated Financial Results, Limited Review Report for September 30, 2023 8 Nov 2023
- Outcome of AGM 13 Sep 2023
- Standalone & Consolidated Financial Results, Limited Review Report for June 30, 2023 14 Aug 2023
- Board Meeting Intimation for Results & Closure of Trading Window 29 Jul 2023
- Board recommends Final Dividend 31 May 2023
Annual reports
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Financial Year 2022
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Financial Year 2020
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Financial Year 2018
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
from nse
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Financial Year 2009
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Financial Year 2008
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Financial Year 2007
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Financial Year 2006
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Product Portfolio
The company manufactures a wide range of pesticides including insecticides, fungicides, herbicides, weedicides, intermediates and plant growth regulators. It caters to all the pest problems of major crops grown in India including paddy, cotton, soybean, sugarcane and other crops. [1]
It has a portfolio of over 200+ different products registered with the Central Insecticides Board and have ~100 brands.[2]