Bharat Rasayan Ltd

bharatgroup.co.in BSE: 590021 NSE : BHARATRAS
About [ edit ]

Bharat Rasayan Limited (BRL) incorporated in 1985, is engaged primarily in the manufacturing of technical grade insecticides & pesticides, used for manufacturing of agrochemical formulations

Key Points [ edit ]
Website BSE NSE
  • Market Cap ₹ 5,426 Cr.
  • Current Price ₹ 12,767
  • High / Low ₹ 14,005 / 6,073
  • Stock P/E 35.2
  • Book Value ₹ 1,518
  • Dividend Yield 0.01 %
  • ROCE 34.2 %
  • ROE 32.9 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 38.20% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33.95%
  • Company's median sales growth is 24.86% of last 10 years

Cons

  • Stock is trading at 8.41 times its book value

Peer comparison

Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
193 245 285 190 272 354 366 224 271 282 318 222
155 204 226 150 224 284 299 181 223 216 261 171
Operating Profit 38 41 59 39 48 71 67 43 48 65 58 51
OPM % 20% 17% 21% 21% 18% 20% 18% 19% 18% 23% 18% 23%
Other Income 7 2 1 -0 -1 1 3 2 8 4 -2 0
Interest 2 3 4 4 5 5 4 4 3 2 1 -1
Depreciation 4 4 4 4 4 4 4 7 7 6 7 7
Profit before tax 38 36 51 31 38 63 61 35 46 61 48 45
Tax % 7% 30% 30% 31% 22% 34% 11% 28% 22% 24% 27% 22%
Net Profit 36 25 36 21 29 42 55 25 36 47 35 35
EPS in Rs 83.60 58.79 84.24 50.25 69.22 98.22 128.56 59.01 85.25 109.92 83.13 82.92
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
103 99 94 142 185 360 438 451 618 792 989 1,213 1,093
97 93 87 125 159 296 355 370 508 639 802 983 872
Operating Profit 6 6 7 17 26 64 82 81 111 153 188 230 222
OPM % 6% 6% 7% 12% 14% 18% 19% 18% 18% 19% 19% 19% 20%
Other Income 4 4 4 -0 0 1 1 1 2 10 1 14 11
Interest 1 0 0 1 5 17 18 13 12 12 16 16 5
Depreciation 1 1 2 2 7 18 18 17 16 16 17 22 26
Profit before tax 9 9 8 14 14 30 48 52 84 135 155 205 202
Tax % 41% 33% 27% 28% 32% 33% 34% 34% 35% 27% 28% 23%
Net Profit 5 6 6 10 10 20 32 34 55 98 112 158 153
EPS in Rs 12.17 13.67 13.86 23.14 22.57 47.43 74.73 79.74 128.35 231.39 262.48 371.03 361.22
Dividend Payout % 8% 13% 9% 5% 0% 2% 2% 2% 1% 1% 1% 0%
Compounded Sales Growth
10 Years:28%
5 Years:23%
3 Years:25%
TTM:-10%
Compounded Profit Growth
10 Years:39%
5 Years:38%
3 Years:43%
TTM:0%
Stock Price CAGR
10 Years:54%
5 Years:63%
3 Years:31%
1 Year:102%
Return on Equity
10 Years:31%
5 Years:33%
3 Years:34%
Last Year:33%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
4 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 34 39 39 49 58 78 109 142 196 294 405 560 641
Borrowings 13 4 8 39 131 143 140 111 115 128 247 94 35
13 14 13 34 53 82 82 69 54 77 100 94 138
Total Liabilities 64 60 65 126 246 307 335 326 369 504 756 752 818
5 6 20 16 135 142 137 136 131 148 150 203 196
CWIP 0 0 3 48 0 1 2 1 1 7 35 18 9
Investments 4 11 1 1 0 0 30 20 0 0 0 9 63
54 43 41 60 111 164 167 169 237 349 570 522 549
Total Assets 64 60 65 126 246 307 335 326 369 504 756 752 818

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-2 19 10 13 -8 29 60 47 16 29 -52 263
-4 -8 -7 -42 -77 -25 -41 -5 8 -31 -46 -53
5 -10 -5 30 87 -3 -19 -43 -24 2 102 -169
Net Cash Flow -1 1 -2 1 3 1 -0 -1 -0 0 4 40

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 21% 19% 10% 21% 14% 22% 27% 25% 34% 39% 32% 34%
Debtor Days 79 62 62 77 89 61 66 71 71 102 103 75
Inventory Turnover 6.48 5.80 5.23 6.79 4.86 4.68 4.77 5.34 6.04 6.07 4.62 4.67

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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