Bhagiradha Chemicals & Industries Ltd

About

Bhagiradha Chemicals & Industries is engaged in manufacturing of Agro Chemicals.(Source : 201903 Annual Report Page No: 93)

  • Market Cap 661 Cr.
  • Current Price 796
  • High / Low 943 / 293
  • Stock P/E 22.2
  • Book Value 206
  • Dividend Yield 0.13 %
  • ROCE 20.1 %
  • ROE 15.9 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 50.40% CAGR over last 5 years
  • Company's median sales growth is 19.30% of last 10 years

Cons

  • Promoter holding is low: 24.90%
  • Company has a low return on equity of 11.86% for last 3 years.
  • Debtor days have increased from 55.21 to 68.50 days.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
84.34 116.32 122.90 66.51 22.61 33.65 61.37 89.79 69.25 97.46 98.45 99.38
76.07 105.13 109.34 60.90 25.52 33.00 54.69 76.31 57.29 82.59 83.40 82.94
Operating Profit 8.27 11.19 13.56 5.61 -2.91 0.65 6.68 13.48 11.96 14.87 15.05 16.44
OPM % 9.81% 9.62% 11.03% 8.43% -12.87% 1.93% 10.88% 15.01% 17.27% 15.26% 15.29% 16.54%
Other Income 0.11 0.25 0.10 0.90 2.74 0.41 0.13 0.28 1.21 0.10 0.13 0.15
Interest 1.29 1.36 1.47 1.14 1.19 1.68 1.68 2.24 1.92 2.43 2.18 2.89
Depreciation 1.24 1.33 1.42 1.71 1.75 1.77 1.96 2.01 2.06 2.12 2.10 2.15
Profit before tax 5.85 8.75 10.77 3.66 -3.11 -2.39 3.17 9.51 9.19 10.42 10.90 11.55
Tax % 29.57% 26.51% 28.32% 34.43% 30.87% 39.33% 18.61% 33.44% 22.74% 28.41% 30.00% 27.36%
Net Profit 4.13 6.43 7.71 2.40 -2.16 -1.45 2.58 6.33 7.09 7.46 7.63 8.40
EPS in Rs 4.97 7.74 9.28 2.89 -2.60 -1.74 3.10 7.62 8.53 8.98 9.18 10.11

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
98 59 68 146 174 220 152 203 183 384 246 318 365
90 59 69 136 164 209 148 191 172 343 229 271 306
Operating Profit 8 0 -0 10 11 11 4 11 12 41 17 47 58
OPM % 8% 1% -1% 7% 6% 5% 3% 6% 6% 11% 7% 15% 16%
Other Income 1 1 1 0 1 1 1 2 -8 1 4 2 2
Interest 2 1 2 4 4 6 7 7 7 8 5 8 9
Depreciation 3 3 3 4 5 3 4 4 3 5 7 8 8
Profit before tax 4 -3 -4 3 2 3 -5 3 -6 29 9 32 42
Tax % 22% 103% 36% 32% 10% 17% 39% 61% 77% 37% 27% 27%
Net Profit 3 0 -3 2 2 3 -3 1 -1 18 7 23 31
EPS in Rs 6.55 0.16 -5.58 3.90 3.88 4.99 -6.35 1.96 -1.67 22.01 7.83 28.23 36.80
Dividend Payout % 0% 0% 0% 0% 26% 20% 0% 0% 0% 9% 0% 0%
Compounded Sales Growth
10 Years: 18%
5 Years: 16%
3 Years: 20%
TTM: 76%
Compounded Profit Growth
10 Years: 76%
5 Years: 50%
3 Years: 49%
TTM: 952%
Stock Price CAGR
10 Years: 42%
5 Years: 43%
3 Years: 21%
1 Year: 65%
Return on Equity
10 Years: 7%
5 Years: 11%
3 Years: 12%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
5 5 5 5 5 5 5 5 8 8 8 8 8
Reserves 42 42 39 41 43 44 41 46 94 120 124 148 163
Borrowings 14 16 26 39 53 71 62 64 61 47 43 62 74
15 10 19 39 41 75 71 91 80 98 50 55 59
Total Liabilities 76 73 90 124 142 195 179 206 243 274 225 273 304
36 33 31 35 48 52 66 69 77 106 138 145 145
CWIP 0 1 3 12 9 16 0 0 0 4 4 1 1
Investments 0 0 0 0 0 0 0 0 0 0 0 8 8
41 39 56 77 85 127 113 138 166 164 83 119 151
Total Assets 76 73 90 124 142 195 179 206 243 274 225 273 304

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
14 12 -21 8 3 1 18 8 -27 49 48 4
-1 -2 0 -17 -14 -15 -0 -6 -13 -38 -39 -21
-10 1 8 8 10 13 -17 -2 43 -12 -9 14
Net Cash Flow 4 10 -12 -0 -2 -1 1 -0 3 -1 0 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 83 57 99 89 71 82 67 31 71 80 17 68
Inventory Days 46 64 188 103 99 139 256 282 281 77 137 93
Days Payable 47 49 121 113 104 143 216 205 191 110 59 88
Cash Conversion Cycle 82 72 167 78 66 78 106 108 161 47 95 73
Working Capital Days 93 76 168 86 87 86 90 76 147 55 40 70
ROCE % 9% -2% -4% 8% 7% 8% 0% 8% 7% 22% 7% 20%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
24.90 24.90 24.90 24.90 24.90 24.90 24.90 24.90 24.90 24.90 24.90 24.90
2.41 2.41 2.41 2.41 2.41 2.41 2.41 2.89 2.89 2.89 2.41 2.06
72.69 72.69 72.69 72.69 72.69 72.69 72.69 72.21 72.21 72.21 72.69 73.04

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