Bharat Rasayan Ltd
Bharat Rasayan Ltd is engaged in manufacturing Technical Grade Pesticides and Intermediates used in the agro-chemical industry. It was incorporated in 1989.[1]
- Market Cap ₹ 4,274 Cr.
- Current Price ₹ 10,286
- High / Low ₹ 13,185 / 8,280
- Stock P/E 33.4
- Book Value ₹ 2,150
- Dividend Yield 0.01 %
- ROCE 19.8 %
- ROE 15.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
* 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.
Peer comparison
Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
989 | 1,213 | 1,091 | 1,301 | 1,234 | |
802 | 983 | 852 | 1,047 | 1,043 | |
Operating Profit | 188 | 230 | 240 | 254 | 191 |
OPM % | 19% | 19% | 22% | 20% | 15% |
1 | 14 | 6 | 12 | 15 | |
Interest | 16 | 16 | 4 | 7 | 6 |
Depreciation | 17 | 22 | 26 | 25 | 26 |
Profit before tax | 155 | 205 | 215 | 234 | 174 |
Tax % | 28% | 23% | 24% | 25% | 28% |
Net Profit | 112 | 158 | 164 | 176 | 125 |
EPS in Rs | 262.48 | 371.03 | 385.69 | 423.51 | 299.88 |
Dividend Payout % | 1% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 1% |
TTM: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -7% |
TTM: | -29% |
Stock Price CAGR | |
---|---|
10 Years: | 57% |
5 Years: | 12% |
3 Years: | 15% |
1 Year: | -15% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 21% |
Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
4 | 4 | 4 | 4 | 4 | |
Reserves | 405 | 560 | 723 | 766 | 889 |
247 | 94 | 58 | 174 | 28 | |
100 | 94 | 122 | 146 | 152 | |
Total Liabilities | 756 | 752 | 908 | 1,090 | 1,074 |
150 | 203 | 191 | 228 | 225 | |
CWIP | 35 | 18 | 18 | 11 | 11 |
Investments | 0 | 9 | 150 | 43 | 67 |
570 | 522 | 549 | 807 | 771 | |
Total Assets | 756 | 752 | 908 | 1,090 | 1,074 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
-52 | 263 | 170 | -65 | ||
-46 | -53 | -149 | 64 | ||
102 | -169 | -40 | -25 | ||
Net Cash Flow | 4 | 40 | -19 | -26 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
Debtor Days | 103 | 75 | 99 | 130 | 96 |
Inventory Days | 112 | 70 | 90 | 120 | 141 |
Days Payable | 24 | 17 | 33 | 30 | 33 |
Cash Conversion Cycle | 191 | 128 | 156 | 221 | 204 |
Working Capital Days | 173 | 116 | 134 | 185 | 182 |
ROCE % | 34% | 31% | 28% | 20% |
Documents
Announcements
- Standalone & Consolidated Financial Results, Auditors Report for March 31, 2023 9h
- Board to consider Final Dividend 9 May
- Standalone & Consolidated Financial Results, Limited Review Report for December 31, 2022 7 Feb
- Board Meeting Intimation for Results & Closure of Trading Window 21 Jan
- Revised Standalone & Consolidated Financial Results, Limited Review Report for September 30, 2022 23 Nov 2022
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]