Bhagiradha Chemicals & Industries Ltd

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

Bhagiradha Chemicals & Industries Ltd

₹ 260 -1.27%
03 Jul - 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 ₹ 3,235 Cr.
  • Current Price ₹ 260
  • High / Low ₹ 285 / 110
  • Stock P/E 178
  • Book Value ₹ 39.7
  • Dividend Yield 0.04 %
  • ROCE 8.25 %
  • ROE 5.01 %
  • 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 12.6% over last 3 years.
  • Dividend payout has been low at 5.40% 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
97.46 98.45 99.38 100.11 137.72 121.72 131.81 126.00 122.57 100.01 122.01 74.37 111.25
82.71 83.41 82.96 83.74 117.26 102.12 111.62 106.68 104.35 92.91 108.55 66.09 97.17
Operating Profit 14.75 15.04 16.42 16.37 20.46 19.60 20.19 19.32 18.22 7.10 13.46 8.28 14.08
OPM % 15.13% 15.28% 16.52% 16.35% 14.86% 16.10% 15.32% 15.33% 14.86% 7.10% 11.03% 11.13% 12.66%
0.10 0.13 0.15 0.24 0.33 0.17 0.37 0.50 0.22 0.32 0.13 0.76 1.47
Interest 2.44 2.18 2.90 1.96 2.06 1.77 0.82 0.85 1.55 1.72 2.27 1.56 2.14
Depreciation 2.14 2.12 2.17 2.21 2.23 2.32 2.43 2.47 2.58 2.63 2.81 2.68 2.85
Profit before tax 10.27 10.87 11.50 12.44 16.50 15.68 17.31 16.50 14.31 3.07 8.51 4.80 10.56
Tax % 28.82% 30.08% 27.48% 28.30% 34.06% 24.04% 29.46% 29.33% 34.38% 35.83% 32.67% 30.83% 31.63%
7.32 7.60 8.35 8.92 10.88 11.90 12.21 11.65 9.39 1.97 5.72 3.32 7.22
EPS in Rs 0.71 0.74 0.81 0.87 1.06 1.14 1.17 1.12 0.90 0.19 0.55 0.32 0.69
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
246 318 436 502 408
229 271 367 425 365
Operating Profit 17 47 68 77 43
OPM % 7% 15% 16% 15% 11%
4 2 1 1 3
Interest 5 8 9 5 8
Depreciation 7 8 9 10 11
Profit before tax 9 32 51 64 27
Tax % 27% 27% 30% 29% 32%
7 23 36 45 18
EPS in Rs 0.63 2.27 3.48 4.34 1.75
Dividend Payout % 0% 0% 7% 9% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 9%
TTM: -19%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -7%
TTM: -60%
Stock Price CAGR
10 Years: 52%
5 Years: 45%
3 Years: 65%
1 Year: 76%
Return on Equity
10 Years: %
5 Years: %
3 Years: 13%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 8 8 8 10 10
Reserves 124 147 182 303 403
43 62 81 50 62
50 55 71 83 101
Total Liabilities 225 273 342 447 576
138 152 157 173 216
CWIP 4 2 5 28 65
Investments 0 0 0 0 38
83 119 181 246 256
Total Assets 225 273 342 447 576

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 91 108 165
Days Payable 59 89 73 69 97
Cash Conversion Cycle 95 76 99 132 164
Working Capital Days 35 71 91 114 169
ROCE % 20% 25% 22%

Shareholding Pattern

Numbers in percentages

3 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024May 2024
24.90% 24.90% 24.90% 24.57% 24.44% 23.52% 23.52% 23.52% 23.52% 23.52% 23.52% 20.27%
2.06% 1.08% 0.89% 0.43% 0.20% 0.10% 0.10% 0.12% 0.10% 0.17% 0.16% 0.08%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.14%
73.04% 74.02% 74.21% 75.01% 75.35% 76.39% 76.39% 76.37% 76.38% 76.32% 76.33% 76.51%
No. of Shareholders 2,2682,4472,4782,9573,2723,4653,4083,5243,9413,7474,2927,564

* 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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