Bharat Rasayan Ltd

₹ 10,122 0.38%
02 Dec - 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 4,206 Cr.
  • Current Price 10,122
  • High / Low 14,400 / 9,803
  • Stock P/E 24.0
  • Book Value 1,997
  • Dividend Yield 0.01 %
  • ROCE 28.3 %
  • 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 26.8%

Cons

  • Debtor days have increased from 101 to 130 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
366 224 271 282 318 222 270 252 269 335 445 327 292
299 181 223 216 261 171 205 194 229 265 358 275 256
Operating Profit 67 43 48 65 58 51 65 58 40 70 87 52 36
OPM % 18% 19% 18% 23% 18% 23% 24% 23% 15% 21% 19% 16% 12%
3 2 8 4 -2 0 3 3 3 -0 6 7 3
Interest 4 4 3 2 1 -1 2 1 1 2 3 2 1
Depreciation 4 7 7 6 7 7 7 6 6 7 7 6 7
Profit before tax 61 35 46 61 48 45 60 53 36 61 83 51 31
Tax % 11% 28% 22% 24% 27% 22% 23% 26% 26% 25% 23% 26% 26%
Net Profit 55 25 36 47 35 35 47 39 26 46 65 38 23
EPS in Rs 128.56 59.01 85.25 109.92 83.01 82.66 110.13 95.01 63.70 110.41 155.34 90.63 55.18
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
989 1,213 1,091 1,301 1,399
802 983 852 1,047 1,155
Operating Profit 188 230 240 254 244
OPM % 19% 19% 22% 20% 17%
1 14 6 12 16
Interest 16 16 4 7 8
Depreciation 17 22 26 25 26
Profit before tax 155 205 215 234 227
Tax % 28% 23% 24% 25%
Net Profit 112 158 164 176 171
EPS in Rs 262.48 371.03 385.69 423.51 411.56
Dividend Payout % 1% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 10%
TTM: 38%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 17%
TTM: 19%
Stock Price CAGR
10 Years: 49%
5 Years: 22%
3 Years: 20%
1 Year: 2%
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 Sep 2022
4 4 4 4 4
Reserves 405 560 723 766 826
247 94 58 174 114
100 94 122 146 121
Total Liabilities 756 752 908 1,090 1,065
150 203 191 228 216
CWIP 35 18 18 11 16
Investments 0 9 150 43 68
570 522 549 807 765
Total Assets 756 752 908 1,090 1,065

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022
-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
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.

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