Bhagiradha Chemicals & Industries Ltd

Bhagiradha Chem. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bhagiradha Chemicals & Industries Ltd

₹ 328 -2.07%
12 Nov - close price
bhagirad.com BSE: 531719 NSE: BHAGCHEM
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 ₹ 4,085 Cr.
  • Current Price ₹ 328
  • High / Low ₹ 448 / 117
  • Stock P/E 188
  • Book Value ₹ 50.4
  • Dividend Yield 0.03 %
  • ROCE 9.18 %
  • ROE 5.68 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Promoter holding has decreased over last quarter: -3.25%
  • Promoter holding is low: 20.3%
  • Company has a low return on equity of 13.3% over last 3 years.
  • Dividend payout has been low at 7.31% 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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 74.37 111.25 111.39 103.73
82.96 83.74 117.26 102.12 111.62 106.68 104.35 92.91 108.55 66.09 97.17 99.40 94.02
Operating Profit 16.42 16.37 20.46 19.60 20.19 19.32 18.22 7.10 13.46 8.28 14.08 11.99 9.71
OPM % 16.52% 16.35% 14.86% 16.10% 15.32% 15.33% 14.86% 7.10% 11.03% 11.13% 12.66% 10.76% 9.36%
0.15 0.24 0.33 0.17 0.37 0.50 0.22 0.32 0.13 0.76 1.47 2.27 3.25
Interest 2.90 1.96 2.06 1.77 0.82 0.85 1.55 1.72 2.27 1.56 2.14 1.34 1.77
Depreciation 2.17 2.21 2.23 2.32 2.43 2.47 2.58 2.63 2.81 2.68 2.85 3.25 3.41
Profit before tax 11.50 12.44 16.50 15.68 17.31 16.50 14.31 3.07 8.51 4.80 10.56 9.67 7.78
Tax % 27.48% 28.30% 34.06% 24.04% 29.46% 29.33% 34.38% 35.83% 32.67% 30.83% 31.63% 41.05% 30.08%
8.35 8.92 10.88 11.90 12.21 11.65 9.39 1.97 5.72 3.32 7.22 5.71 5.44
EPS in Rs 0.81 0.87 1.06 1.14 1.17 1.12 0.90 0.19 0.55 0.32 0.69 0.46 0.44
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
246 318 436 502 408 401
229 271 367 425 365 357
Operating Profit 17 47 68 77 43 44
OPM % 7% 15% 16% 15% 11% 11%
4 2 1 1 3 8
Interest 5 8 9 5 8 7
Depreciation 7 8 9 10 11 12
Profit before tax 9 32 51 64 27 33
Tax % 27% 27% 30% 29% 32%
7 23 36 45 18 22
EPS in Rs 0.63 2.27 3.48 4.34 1.75 1.91
Dividend Payout % 0% 0% 7% 9% 6%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 9%
TTM: -15%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -7%
TTM: -25%
Stock Price CAGR
10 Years: 49%
5 Years: 56%
3 Years: 67%
1 Year: 102%
Return on Equity
10 Years: %
5 Years: %
3 Years: 13%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 8 8 8 10 10 12
Reserves 124 147 182 303 318 615
43 62 81 50 62 88
50 55 71 83 186 119
Total Liabilities 225 273 342 447 576 833
138 152 157 173 214 223
CWIP 4 2 5 28 68 120
Investments 0 0 0 0 38 105
83 119 181 246 256 385
Total Assets 225 273 342 447 576 833

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
48 4 7 14 34
-39 -21 -17 -60 -121
-9 15 12 46 88
Net Cash Flow 0 -2 2 1 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 17 68 81 94 96
Inventory Days 137 97 91 108 168
Days Payable 59 89 73 69 98
Cash Conversion Cycle 95 76 99 132 166
Working Capital Days 35 71 91 114 134
ROCE % 20% 25% 22% 9%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 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 2,4472,4782,9573,2723,4653,4083,5243,9413,7474,29211,29815,101

* 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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