Bhagiradha Chemicals & Industries Ltd

₹ 328 5.54%

22 Nov - close price

About

Bhagiradha Chemicals & Industries is an Agro Chemical Company in India involved in the manufacturing of insecticides, fungicides, herbicides etc. It was Promoted by late Sri S. Koteswara Rao, a former scientist of Indian Institute of Chemical Technology, Hyderabad in the year 1993.^[1]^[2]

Key Points

Product Portfolio
The company's product portfolio includes a wide range of insecticides, fungicides, herbicides, and speciality intermediaries -
a. Insecticides: Chlorpyrifos, Diafenthiuron, Fipronil, Buprofezin, etc.
b. Fungicides: Azoxystrobin
c. Herbicides: Imazethapyr, Clodinafop-propargyl, Cloquintocet-mexyl
d. Specialty-intermediaries: R-HPPA, 2,6-Dichloroaniline, etc ^[1]

Website BSE NSE

Market Cap ₹ 4,076 Cr.
Current Price ₹ 328
High / Low ₹ 448 / 117
Stock P/E 151
Book Value ₹ 51.0
Dividend Yield 0.03 %
ROCE 9.69 %
ROE 6.27 %
Face Value ₹ 1.00

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Pros

Cons

Promoter holding has decreased over last quarter: -3.25%
The company has delivered a poor sales growth of 1.16% over past five years.
Promoter holding is low: 20.3%
Company has a low return on equity of 13.7% over last 3 years.
Dividend payout has been low at 7.02% of profits over last 3 years

* 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

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	99.38	100.11	137.72	121.72	131.81	126.00	122.57	100.01	122.01	74.37	110.32	110.78	100.22
	82.94	83.74	117.25	102.10	111.47	106.39	104.28	92.80	108.45	66.19	96.37	98.94	90.47
Operating Profit	16.44	16.37	20.47	19.62	20.34	19.61	18.29	7.21	13.56	8.18	13.95	11.84	9.75
OPM %	16.54%	16.35%	14.86%	16.12%	15.43%	15.56%	14.92%	7.21%	11.11%	11.00%	12.65%	10.69%	9.73%
	0.15	0.25	0.34	0.20	0.51	0.62	0.51	0.42	0.48	1.38	2.53	3.64	5.24
Interest	2.89	1.95	2.06	1.77	0.82	0.84	1.55	1.72	2.26	1.57	2.14	1.34	1.65
Depreciation	2.15	2.19	2.21	2.30	2.40	2.45	2.51	2.61	2.70	2.82	2.83	2.82	2.91
Profit before tax	11.55	12.48	16.54	15.75	17.63	16.94	14.74	3.30	9.08	5.17	11.51	11.32	10.43
Tax %	27.36%	28.21%	33.98%	23.94%	28.93%	28.57%	33.38%	33.33%	30.62%	28.63%	29.37%	36.13%	24.45%
	8.40	8.96	10.92	11.98	12.52	12.09	9.82	2.20	6.29	3.69	8.12	7.23	7.87
EPS in Rs	0.82	0.87	1.06	1.15	1.20	1.16	0.94	0.21	0.60	0.35	0.78	0.58	0.63
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	146	174	220	152	203	183	384	246	318	436	502	407	396
	136	164	209	148	191	172	343	229	271	367	424	364	352
Operating Profit	10	11	11	4	11	12	41	17	47	68	78	43	44
OPM %	7%	6%	5%	3%	6%	6%	11%	7%	15%	16%	16%	11%	11%
	0	1	1	1	2	-8	1	4	2	1	2	5	13
Interest	4	4	6	7	7	7	8	5	8	9	5	8	7
Depreciation	4	5	3	4	4	3	5	7	8	9	10	11	11
Profit before tax	3	2	3	-5	3	-6	29	9	32	51	65	29	38
Tax %	32%	10%	17%	-39%	61%	-77%	37%	27%	27%	30%	29%	30%
	2	2	3	-3	1	-1	18	7	23	36	46	20	27
EPS in Rs	0.32	0.31	0.40	-0.51	0.16	-0.14	1.78	0.63	2.28	3.50	4.46	1.95	2.34
Dividend Payout %	0%	26%	20%	0%	0%	0%	9%	0%	0%	7%	9%	5%

Compounded Sales Growth
10 Years:	9%
5 Years:	1%
3 Years:	9%
TTM:	-16%

Compounded Profit Growth
10 Years:	26%
5 Years:	2%
3 Years:	-4%
TTM:	-11%

Stock Price CAGR
10 Years:	50%
5 Years:	56%
3 Years:	66%
1 Year:	117%

Return on Equity
10 Years:	11%
5 Years:	13%
3 Years:	14%
Last Year:	6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	5	5	5	5	5	8	8	8	8	8	10	10	12
Reserves	41	43	44	41	46	94	120	124	148	182	304	322	622
	39	53	71	62	64	61	47	43	62	81	50	61	85
	39	41	75	71	91	80	98	50	55	71	82	174	108
Total Liabilities	124	142	195	179	206	243	274	225	273	342	446	568	827
	35	48	52	66	69	77	106	138	145	149	164	176	180
CWIP	12	9	16	0	0	0	4	4	1	3	6	5	30
Investments	0	0	0	0	0	0	0	0	8	9	42	80	147
	77	85	127	113	138	166	164	83	119	181	234	306	470
Total Assets	124	142	195	179	206	243	274	225	273	342	446	568	827

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	8	3	1	18	8	-27	49	48	4	7	13	39
	-17	-14	-15	-0	-6	-13	-38	-39	-21	-17	-59	-128
	8	10	13	-17	-2	43	-12	-9	15	12	46	88
Net Cash Flow	-0	-2	-1	1	-0	3	-1	0	-2	2	-0	-0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	89	71	82	67	31	71	80	17	68	81	94	95
Inventory Days	103	99	139	256	282	281	77	137	97	91	108	166
Days Payable	113	104	143	216	205	191	110	59	89	73	69	95
Cash Conversion Cycle	78	66	78	106	108	161	47	95	76	99	132	167
Working Capital Days	85	85	82	80	66	133	50	35	71	91	115	160
ROCE %	8%	7%	8%	0%	8%	7%	22%	7%	20%	25%	22%	10%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	24.90%	24.90%	24.57%	24.44%	23.52%	23.52%	23.52%	23.52%	23.52%	23.52%	20.27%	20.27%
	1.08%	0.89%	0.43%	0.20%	0.10%	0.10%	0.12%	0.10%	0.17%	0.16%	0.17%	0.15%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.14%	3.14%
	74.02%	74.21%	75.01%	75.35%	76.39%	76.39%	76.37%	76.38%	76.32%	76.33%	76.42%	76.44%
No. of Shareholders	2,447	2,478	2,957	3,272	3,465	3,408	3,524	3,941	3,747	4,292	11,298	15,101

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	23.09%	19.93%	24.90%	24.90%	24.90%	24.90%	23.52%	23.52%	20.27%
	0.00%	2.57%	2.41%	2.41%	2.89%	0.89%	0.10%	0.16%	0.15%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.14%
	76.91%	77.51%	72.69%	72.69%	72.21%	74.21%	76.39%	76.33%	76.44%
No. of Shareholders	1,912	1,889	1,967	1,899	2,131	2,478	3,408	4,292	15,101

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Bhagiradha Chemicals & Industries Ltd

Bhagiradha Chemicals & Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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