Bharat Rasayan Ltd
Bharat Rasayan is engaged in a backward integration project to manufacture Technical Grade Pesticides and Intermediates confirming to International Standards.(Source : 201903 Annual Report Page No: 102)
- Market Cap ₹ 3,770 Cr.
- Current Price ₹ 8,884
- High / Low ₹ 11,700 / 4,500
- Stock P/E 23.3
- Book Value ₹ 1,328
- Dividend Yield 0.02 %
- ROCE 34.2 %
- ROE 32.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- 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%
Cons
- No cons found. Suggest something.
Peer comparison
Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 244 | 189 | 193 | 245 | 285 | 190 | 272 | 354 | 366 | 224 | 271 | 282 | |
| 199 | 144 | 155 | 204 | 226 | 150 | 224 | 284 | 299 | 181 | 223 | 216 | |
| Operating Profit | 45 | 45 | 38 | 41 | 59 | 39 | 48 | 71 | 67 | 43 | 48 | 65 |
| OPM % | 19% | 24% | 20% | 17% | 21% | 21% | 18% | 20% | 18% | 19% | 18% | 23% |
| Other Income | -0 | -3 | 7 | 2 | 1 | -0 | -1 | 1 | 3 | 2 | 8 | 4 |
| Interest | 3 | 3 | 2 | 3 | 4 | 4 | 5 | 5 | 4 | 4 | 3 | 2 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 7 | 7 | 6 |
| Profit before tax | 38 | 35 | 38 | 36 | 51 | 31 | 38 | 63 | 61 | 35 | 46 | 61 |
| Tax % | 37% | 35% | 7% | 30% | 30% | 31% | 22% | 34% | 11% | 28% | 22% | 24% |
| Net Profit | 24 | 23 | 36 | 25 | 36 | 21 | 29 | 42 | 55 | 25 | 36 | 47 |
| EPS in Rs | 56.68 | 54.35 | 83.60 | 58.79 | 84.24 | 50.25 | 69.22 | 98.22 | 128.58 | 59.01 | 85.25 | 109.92 |
| Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
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 | 1,142 | |
| 97 | 93 | 87 | 125 | 159 | 296 | 355 | 370 | 508 | 639 | 802 | 983 | 919 | |
| Operating Profit | 6 | 6 | 7 | 17 | 26 | 64 | 82 | 81 | 111 | 153 | 188 | 230 | 223 |
| 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 | 17 |
| Interest | 1 | 0 | 0 | 1 | 5 | 17 | 18 | 13 | 12 | 12 | 16 | 16 | 12 |
| Depreciation | 1 | 1 | 2 | 2 | 7 | 18 | 18 | 17 | 16 | 16 | 17 | 22 | 24 |
| Profit before tax | 9 | 9 | 8 | 14 | 14 | 30 | 48 | 52 | 84 | 135 | 155 | 205 | 204 |
| 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 | 163 |
| EPS in Rs | 11.84 | 13.36 | 13.67 | 22.94 | 22.56 | 47.25 | 74.43 | 79.73 | 128.35 | 231.40 | 262.49 | 371.04 | 382.76 |
| 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: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 39% |
| 5 Years: | 38% |
| 3 Years: | 43% |
| TTM: | 25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 58% |
| 5 Years: | 58% |
| 3 Years: | 44% |
| 1 Year: | 47% |
| Return on Equity | |
|---|---|
| 10 Years: | 31% |
| 5 Years: | 33% |
| 3 Years: | 34% |
| Last Year: | 33% |
Balance Sheet
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Borrowings | 13 | 4 | 8 | 39 | 131 | 143 | 140 | 111 | 115 | 128 | 247 | 94 |
| 13 | 14 | 13 | 34 | 53 | 82 | 82 | 69 | 54 | 77 | 100 | 94 | |
| Total Liabilities | 64 | 60 | 65 | 126 | 246 | 307 | 335 | 326 | 369 | 504 | 756 | 752 |
| 5 | 6 | 20 | 16 | 135 | 142 | 137 | 136 | 131 | 148 | 150 | 203 | |
| CWIP | 0 | 0 | 3 | 48 | 0 | 1 | 2 | 1 | 1 | 7 | 35 | 18 |
| Investments | 4 | 11 | 1 | 1 | 0 | 0 | 30 | 20 | 0 | 0 | 0 | 9 |
| 54 | 43 | 41 | 60 | 111 | 164 | 167 | 169 | 237 | 349 | 570 | 522 | |
| Total Assets | 64 | 60 | 65 | 126 | 246 | 307 | 335 | 326 | 369 | 504 | 756 | 752 |
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 |
Documents
Recent announcements
- Outcome of AGM Sep 24
- Fixes Book Closure for Final Dividend & AGM (Cut-off date for e-voting) Aug 17
- Outcome of Board Meeting (AGM on Sept 24, 2020) Aug 14
- Standalone & Consolidated Financial Results, Limited Review Report for June 30, 2020 Aug 14
- Board Meeting Intimation for Results & Closure of Trading Window Aug 4
View all