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 ₹ 4,797 Cr.
- Current Price ₹ 11,584
- High / Low ₹ 13,277 / 8,333
- Stock P/E 58.8
- Book Value ₹ 2,363
- Dividend Yield 0.01 %
- ROCE 11.3 %
- ROE 8.67 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 1.09% over past five years.
- Dividend payout has been low at 0.53% 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
185 | 360 | 438 | 451 | 618 | 792 | 989 | 1,213 | 1,091 | 1,301 | 1,234 | 1,045 | |
159 | 296 | 355 | 370 | 508 | 634 | 802 | 983 | 851 | 1,049 | 1,036 | 927 | |
Operating Profit | 26 | 64 | 82 | 81 | 111 | 159 | 188 | 230 | 240 | 252 | 198 | 117 |
OPM % | 14% | 18% | 19% | 18% | 18% | 20% | 19% | 19% | 22% | 19% | 16% | 11% |
0 | 1 | 1 | 1 | 2 | 4 | 1 | 14 | 6 | 16 | 15 | 21 | |
Interest | 5 | 17 | 18 | 13 | 12 | 12 | 16 | 16 | 4 | 7 | 6 | 3 |
Depreciation | 7 | 18 | 18 | 17 | 16 | 16 | 17 | 22 | 26 | 25 | 26 | 26 |
Profit before tax | 14 | 30 | 48 | 52 | 84 | 135 | 155 | 205 | 216 | 235 | 180 | 109 |
Tax % | 32% | 33% | 34% | 34% | 35% | 27% | 28% | 23% | 24% | 25% | 27% | 25% |
10 | 20 | 32 | 34 | 55 | 98 | 112 | 158 | 164 | 177 | 131 | 82 | |
EPS in Rs | 22.57 | 47.43 | 74.73 | 79.74 | 128.35 | 231.39 | 262.48 | 371.03 | 387.11 | 426.27 | 314.85 | 196.40 |
Dividend Payout % | 0% | 2% | 2% | 2% | 1% | 1% | 1% | 0% | 0% | 0% | 0% | 1% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 1% |
3 Years: | -1% |
TTM: | -15% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | -6% |
3 Years: | -21% |
TTM: | -39% |
Stock Price CAGR | |
---|---|
10 Years: | 40% |
5 Years: | 22% |
3 Years: | -5% |
1 Year: | 21% |
Return on Equity | |
---|---|
10 Years: | 22% |
5 Years: | 20% |
3 Years: | 16% |
Last Year: | 9% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Reserves | 58 | 78 | 109 | 142 | 196 | 294 | 405 | 560 | 724 | 768 | 897 | 978 |
131 | 143 | 140 | 111 | 115 | 128 | 247 | 94 | 58 | 174 | 28 | 80 | |
53 | 82 | 82 | 69 | 54 | 77 | 100 | 94 | 122 | 142 | 152 | 129 | |
Total Liabilities | 246 | 307 | 335 | 326 | 369 | 504 | 756 | 752 | 908 | 1,087 | 1,082 | 1,192 |
135 | 142 | 137 | 136 | 131 | 148 | 150 | 203 | 191 | 228 | 225 | 230 | |
CWIP | 0 | 1 | 2 | 1 | 1 | 7 | 35 | 18 | 18 | 11 | 11 | 6 |
Investments | 0 | 0 | 30 | 20 | 0 | 0 | 0 | 9 | 151 | 45 | 75 | 137 |
111 | 164 | 167 | 169 | 237 | 349 | 570 | 522 | 549 | 803 | 771 | 818 | |
Total Assets | 246 | 307 | 335 | 326 | 369 | 504 | 756 | 752 | 908 | 1,087 | 1,082 | 1,192 |
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 | 29 | 60 | 47 | 16 | 29 | -52 | 263 | 170 | -65 | 213 | 41 | |
-77 | -25 | -41 | -5 | 8 | -31 | -46 | -53 | -149 | 64 | -43 | -90 | |
87 | -3 | -19 | -43 | -24 | 2 | 102 | -169 | -40 | -25 | -152 | 49 | |
Net Cash Flow | 3 | 1 | -0 | -1 | -0 | 0 | 4 | 40 | -19 | -26 | 18 | 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 | 61 | 66 | 71 | 71 | 102 | 103 | 75 | 99 | 130 | 96 | 138 |
Inventory Days | 108 | 105 | 73 | 71 | 75 | 66 | 112 | 70 | 90 | 120 | 141 | 135 |
Days Payable | 56 | 58 | 48 | 32 | 17 | 25 | 24 | 17 | 33 | 30 | 33 | 37 |
Cash Conversion Cycle | 141 | 108 | 91 | 110 | 129 | 143 | 191 | 128 | 156 | 221 | 204 | 236 |
Working Capital Days | 117 | 86 | 75 | 86 | 110 | 127 | 173 | 116 | 134 | 185 | 173 | 259 |
ROCE % | 14% | 22% | 27% | 25% | 34% | 39% | 32% | 34% | 31% | 28% | 20% |
Documents
Announcements
- Board recommends Final Dividend 31 May
- Standalone & Consolidated Financial Results, Auditors Report for March 31, 2024 31 May
- Change in the Ownership, Name and Logo of the Company''s Registrar & Transfer Agent 18 May
- Board Meeting Intimation for Results & Closure of Trading Window 4 May
- Standalone & Consolidated Financial Results, Limited Review Report for September 30, 2023 8 Nov 2023
Annual reports
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Financial Year 2022
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Financial Year 2020
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Financial Year 2018
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Financial Year 2009
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Financial Year 2008
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Financial Year 2007
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Financial Year 2006
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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]