Bhagiradha Chemicals & Industries Ltd

Bhagiradha Chemicals & Industries Ltd

₹ 310 2.09%
30 May - close price
About

Bhagiradha Chemicals & Industries is an Agro Chemical Company in India involved in the manufacturing of insecticides, fungicides, herbicides etc. It was Promoted by late Sri S. Koteswara Rao, a former scientist of Indian Institute of Chemical Technology, Hyderabad in the year 1993.[1][2]

Key Points

Product Portfolio
The company's product portfolio includes a wide range of insecticides, fungicides, herbicides, and speciality intermediaries -
a. Insecticides: Chlorpyrifos, Diafenthiuron, Fipronil, Buprofezin, etc.
b. Fungicides: Azoxystrobin
c. Herbicides: Imazethapyr, Clodinafop-propargyl, Cloquintocet-mexyl
d. Specialty-intermediaries: R-HPPA, 2,6-Dichloroaniline, etc [1]

  • Market Cap 4,024 Cr.
  • Current Price 310
  • High / Low 448 / 185
  • Stock P/E 147
  • Book Value 53.9
  • Dividend Yield 0.03 %
  • ROCE 7.44 %
  • ROE 4.91 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 5.75 times its book value
  • Promoter holding has decreased over last quarter: -0.53%
  • Promoter holding is low: 19.7%
  • Company has a low return on equity of 8.00% over last 3 years.
  • Earnings include an other income of Rs.20.5 Cr.
  • Dividend payout has been low at 7.07% of profits over last 3 years
  • Debtor days have increased from 111 to 145 days.
  • Working capital days have increased from 236 days to 432 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
137.72 121.72 131.81 126.00 122.57 100.01 122.01 74.37 110.32 110.78 100.22 102.73 122.63
117.25 102.10 111.47 106.39 104.28 92.80 108.45 66.19 96.37 98.94 90.47 93.43 115.39
Operating Profit 20.47 19.62 20.34 19.61 18.29 7.21 13.56 8.18 13.95 11.84 9.75 9.30 7.24
OPM % 14.86% 16.12% 15.43% 15.56% 14.92% 7.21% 11.11% 11.00% 12.65% 10.69% 9.73% 9.05% 5.90%
0.34 0.20 0.51 0.62 0.51 0.42 0.48 1.38 2.53 3.64 5.24 5.50 6.10
Interest 2.06 1.77 0.82 0.84 1.55 1.72 2.26 1.57 2.14 1.34 1.65 2.29 1.36
Depreciation 2.21 2.30 2.40 2.45 2.51 2.61 2.70 2.82 2.83 2.82 2.91 3.11 3.10
Profit before tax 16.54 15.75 17.63 16.94 14.74 3.30 9.08 5.17 11.51 11.32 10.43 9.40 8.88
Tax % 33.98% 23.94% 28.93% 28.57% 33.38% 33.33% 30.62% 28.63% 29.37% 36.13% 24.45% 24.15% 41.89%
10.92 11.98 12.52 12.09 9.82 2.20 6.29 3.69 8.12 7.23 7.87 7.13 5.16
EPS in Rs 1.06 1.15 1.20 1.16 0.94 0.21 0.60 0.35 0.78 0.58 0.63 0.57 0.40
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
174 220 152 203 183 384 246 318 436 502 407 436
164 209 148 191 172 343 229 271 367 424 364 398
Operating Profit 11 11 4 11 12 41 17 47 68 78 43 38
OPM % 6% 5% 3% 6% 6% 11% 7% 15% 16% 16% 11% 9%
1 1 1 2 -8 1 4 2 1 2 5 20
Interest 4 6 7 7 7 8 5 8 9 5 8 7
Depreciation 5 3 4 4 3 5 7 8 9 10 11 12
Profit before tax 2 3 -5 3 -6 29 9 32 51 65 29 40
Tax % 10% 17% -39% 61% -77% 37% 27% 27% 30% 29% 30% 32%
2 3 -3 1 -1 18 7 23 36 46 20 27
EPS in Rs 0.31 0.40 -0.51 0.16 -0.14 1.78 0.63 2.28 3.50 4.46 1.95 2.11
Dividend Payout % 26% 20% 0% 0% 0% 9% 0% 0% 7% 9% 5% 7%
Compounded Sales Growth
10 Years: 7%
5 Years: 12%
3 Years: 0%
TTM: 7%
Compounded Profit Growth
10 Years: 27%
5 Years: 40%
3 Years: -9%
TTM: 35%
Stock Price CAGR
10 Years: 50%
5 Years: 69%
3 Years: 51%
1 Year: 62%
Return on Equity
10 Years: 9%
5 Years: 10%
3 Years: 8%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 5 5 5 5 8 8 8 8 8 10 10 13
Reserves 43 44 41 46 94 120 124 148 182 304 407 686
53 71 62 64 61 47 43 62 81 50 61 77
41 75 71 91 80 98 50 55 71 82 89 138
Total Liabilities 142 195 179 206 243 274 225 273 342 446 568 914
48 52 66 69 77 106 138 145 149 164 176 205
CWIP 9 16 0 0 0 4 4 1 3 6 5 14
Investments 0 0 0 0 0 0 0 8 9 42 80 42
85 127 113 138 166 164 83 119 181 234 306 654
Total Assets 142 195 179 206 243 274 225 273 342 446 568 914

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3 1 18 8 -27 49 48 4 7 13 39
-14 -15 -0 -6 -13 -38 -39 -21 -17 -59 -128
10 13 -17 -2 43 -12 -9 15 12 46 88
Net Cash Flow -2 -1 1 -0 3 -1 0 -2 2 -0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 71 82 67 31 71 80 17 68 81 94 95 145
Inventory Days 99 139 256 282 281 77 137 97 91 108 166 156
Days Payable 104 143 216 205 191 110 59 89 73 69 95 132
Cash Conversion Cycle 66 78 106 108 161 47 95 76 99 132 167 169
Working Capital Days 85 82 80 66 133 50 35 71 91 115 160 432
ROCE % 7% 8% 0% 8% 7% 22% 7% 20% 25% 22% 9% 7%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
24.57% 24.44% 23.52% 23.52% 23.52% 23.52% 23.52% 23.52% 20.27% 20.27% 20.27% 19.75%
0.43% 0.20% 0.10% 0.10% 0.12% 0.10% 0.17% 0.16% 0.17% 0.15% 0.18% 0.04%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.14% 3.14% 3.08% 2.89%
75.01% 75.35% 76.39% 76.39% 76.37% 76.38% 76.32% 76.33% 76.42% 76.44% 76.46% 77.33%
No. of Shareholders 2,9573,2723,4653,4083,5243,9413,7474,29211,29815,10114,76213,883

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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