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 ₹ 4,674 Cr.
- Current Price ₹ 11,249
- High / Low ₹ 14,284 / 8,333
- Stock P/E 33.4
- Book Value ₹ 2,523
- Dividend Yield 0.01 %
- ROCE 11.1 %
- ROE 8.52 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 1.08% 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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
185 | 360 | 438 | 451 | 618 | 792 | 989 | 1,213 | 1,091 | 1,301 | 1,234 | 1,044 | 1,153 | |
159 | 296 | 355 | 370 | 508 | 634 | 802 | 983 | 851 | 1,049 | 1,037 | 926 | 963 | |
Operating Profit | 26 | 64 | 82 | 81 | 111 | 159 | 188 | 230 | 240 | 252 | 197 | 118 | 190 |
OPM % | 14% | 18% | 19% | 18% | 18% | 20% | 19% | 19% | 22% | 19% | 16% | 11% | 16% |
0 | 1 | 1 | 1 | 2 | 4 | 1 | 14 | 6 | 16 | 15 | 21 | 27 | |
Interest | 5 | 17 | 18 | 13 | 12 | 12 | 16 | 16 | 4 | 7 | 6 | 3 | 5 |
Depreciation | 7 | 18 | 18 | 17 | 16 | 16 | 17 | 22 | 26 | 25 | 26 | 26 | 26 |
Profit before tax | 14 | 30 | 48 | 52 | 84 | 135 | 155 | 205 | 216 | 235 | 180 | 109 | 187 |
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 | 140 | |
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 | 337.26 |
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: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | -7% |
3 Years: | -21% |
TTM: | 74% |
Stock Price CAGR | |
---|---|
10 Years: | 28% |
5 Years: | 13% |
3 Years: | 4% |
1 Year: | 23% |
Return on Equity | |
---|---|
10 Years: | 22% |
5 Years: | 20% |
3 Years: | 15% |
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 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 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 | 1,044 |
131 | 143 | 140 | 111 | 115 | 128 | 247 | 94 | 58 | 174 | 28 | 80 | 63 | |
53 | 82 | 82 | 69 | 54 | 77 | 100 | 94 | 122 | 142 | 152 | 129 | 167 | |
Total Liabilities | 246 | 307 | 335 | 326 | 369 | 504 | 756 | 752 | 908 | 1,087 | 1,082 | 1,192 | 1,278 |
135 | 142 | 137 | 136 | 131 | 148 | 150 | 203 | 191 | 228 | 225 | 230 | 235 | |
CWIP | 0 | 1 | 2 | 1 | 1 | 7 | 35 | 18 | 18 | 11 | 11 | 6 | 14 |
Investments | 0 | 0 | 30 | 20 | 0 | 0 | 0 | 9 | 151 | 45 | 75 | 137 | 170 |
111 | 164 | 167 | 169 | 237 | 349 | 570 | 522 | 549 | 803 | 771 | 818 | 859 | |
Total Assets | 246 | 307 | 335 | 326 | 369 | 504 | 756 | 752 | 908 | 1,087 | 1,082 | 1,192 | 1,278 |
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 | -76 | |
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 | 14 |
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 | 227 |
ROCE % | 14% | 22% | 27% | 25% | 34% | 39% | 32% | 34% | 31% | 28% | 20% | 11% |
Documents
Announcements
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Updates
12 Nov - Un-Audited Financial Results for Q2 FY2024 announced.
- Standalone & Consolidated Financial Results, Limited Review Report for September 30, 2024 12 Nov
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Board Meeting Intimation for Results & Closure of Trading Window
22 Oct - Board meeting scheduled to approve financial results.
- Details of Voting Results of the 35th Annual General Meeting - Regulation 44(3) of the SEBI (LODR) Regulations, 2015 24 Sep
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Outcome of AGM
20 Sep - Proceedings of 35th Annual General Meeting of Bharat Rasayan.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2020
from bse
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Financial Year 2018
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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Financial Year 2010
from nse
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Financial Year 2009
from bse
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Financial Year 2008
from bse
Product Portfolio
The company has a leading market position in many technical and intermediate products, including Lambda Cyhalothrin Technical, Metaphenoxy Benzaldehyde, Metribuzine Technical, Thiamethoxam (Insecticides), Fipronil (Insecticides), etc. It has also added new products like Fluxametamide, Tolfenpyrad Technical, Diuron Technical, etc. Top 10 products account for 66% of total sales. [1]