Bharat Rasayan Ltd

₹ 11,069 1.09%
01 Jul - close price
About

Bharat Rasayan Ltd is engaged in manufacturing Technical Grade Pesticides and Intermediates used in the agro-chemical industry. It was incorporated in 1989.[1]

Key Points

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]

  • Market Cap 4,599 Cr.
  • Current Price 11,069
  • High / Low 14,465 / 9,438
  • Stock P/E 25.7
  • Book Value 1,857
  • Dividend Yield 0.01 %
  • ROCE 28.2 %
  • ROE 23.9 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.78%

Cons

  • Debtor days have increased from 101.46 to 130.08 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
354 366 224 271 282 318 222 270 252 269 335 445
284 299 181 223 216 261 171 205 194 229 265 358
Operating Profit 71 67 43 48 65 58 51 65 58 40 70 87
OPM % 20% 18% 19% 18% 23% 18% 23% 24% 23% 15% 21% 19%
1 3 2 8 4 -2 0 3 3 3 -0 6
Interest 5 4 4 3 2 1 -1 2 1 1 2 3
Depreciation 4 4 7 7 6 7 7 7 6 6 7 7
Profit before tax 63 61 35 46 61 48 45 60 53 36 61 83
Tax % 34% 11% 28% 22% 24% 27% 22% 23% 26% 26% 25% 23%
Net Profit 42 55 25 36 47 35 35 47 39 26 46 65
EPS in Rs 98.22 128.56 59.01 85.25 109.92 83.01 82.66 110.13 95.01 63.70 110.41 155.34

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022
989 1,213 1,091 1,301
802 983 852 1,047
Operating Profit 188 230 240 254
OPM % 19% 19% 22% 20%
1 14 6 12
Interest 16 16 4 7
Depreciation 17 22 26 25
Profit before tax 155 205 215 234
Tax % 28% 23% 24% 25%
Net Profit 112 158 164 176
EPS in Rs 262.48 371.03 385.69 423.51
Dividend Payout % 1% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 10%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 17%
TTM: 9%
Stock Price CAGR
10 Years: 56%
5 Years: 31%
3 Years: 37%
1 Year: -19%
Return on Equity
10 Years: %
5 Years: %
3 Years: 27%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022
4 4 4 4
Reserves 405 560 723 768
247 94 58 174
100 94 122 146
Total Liabilities 756 752 908 1,092
150 203 191 228
CWIP 35 18 18 11
Investments 0 9 150 45
570 522 549 807
Total Assets 756 752 908 1,092

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022
-52 263 170 -65
-46 -53 -149 51
102 -169 -40 -25
Net Cash Flow 4 40 -19 -39

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 103 75 99 130
Inventory Days 112 70 90 120
Days Payable 24 17 33 30
Cash Conversion Cycle 191 128 156 221
Working Capital Days 173 116 134 185
ROCE % 34% 31% 28%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents