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Bhagiradha Chemicals & Industries

BHAGCHEM NSE
₹194.56 +7.37 (+3.94%)
P/E
91.77
View as Markdown
MCP
Close 4 Nov 2026 ₹194.56 −46.92 −19.4% 1Y
Start ₹241.48

Key Fundamentals

MicrocapFertilizers & AgrochemicalsChemicals

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
4.53%
Debt to Equity
0.34
EPS (TTM)
₹2.12
Book Value
₹53.85
Market Cap
—
P/E (TTM)
91.77
P/B
3.61
ROE
2.63%
Dividend Yield
0.08%
EBITDA
₹59.50 Cr
52W High
₹316.90
52W Low
₹170.60
Day Range
₹183.63 – ₹198.90
Volume
1,16,409

Peer Comparison

Commodities › Chemicals › Pesticides & Agrochemicals

Bhagiradha Chemicals & Industries peer comparison
₹529.0022.09₹43,728 Cr1.281.16%5.64%10.10%₹52,804 Cr₹2,323 Cr
₹2,187.0028.48₹33,248 Cr2.950.69%11.20%15.00%₹6,516 Cr₹1,164 Cr
₹328.1028.24₹15,980 Cr4.430.41%17.60%23.50%₹3,192 Cr₹581 Cr
₹3,249.9019.95₹14,602 Cr4.924.57%23.70%29.10%₹5,595 Cr₹733 Cr
₹677.959.77₹6,015 Cr1.882.23%23.20%30.20%₹5,357 Cr₹626 Cr
₹942.7515.83₹4,217 Cr2.500.21%18.50%23.80%₹1,953 Cr₹268 Cr
₹189.6717.23₹3,734 Cr1.681.58%10.20%14.10%₹2,962 Cr₹214 Cr
₹194.5691.77₹2,393 Cr3.610.08%2.63%4.53%₹607 Cr₹28 Cr
Median 8 companies₹603.4821.02₹10,309 Cr2.730.93%14.40%19.25%₹4,275 Cr₹604 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

40 Weak

Data confidence 100/100

Category scores

Quality
46
Average
Returns, margins, earnings quality 22% weight
Valuation
12
Poor
Cheap vs sector & own history 24% weight
Growth
92
Strong
Sales & profit trajectory 9% weight
Financial Health
44
Weak
Solvency, leverage, coverage 9% weight
Momentum
14
Poor
Trend strength, vol-adjusted 12% weight
Ownership
52
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company is expected to give good quarter

Weaknesses

6
  • Stock is trading at 4.25 times its book value
  • The company has delivered a poor sales growth of 11.0% over past five years.
  • Promoter holding is low: 19.6%
  • Company has a low return on equity of 3.14% over last 3 years.
  • Dividend payout has been low at 10.2% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -3.92%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1252
OscillatorsNeutral252
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
36.26
Neutral
MACD (12,26,9)
−12.68
Bullish
SMA (50)
237.60
Bearish
SMA (200)
241.14
Bearish

As of

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+11.01%
3Y+2.21%
1Y+21.82%
TTM+33.70%

Net profit

Net profit growth by window
5Y−4.78%
3Y−26.32%
1Y+28.57%
TTM+133.33%

Operating cash flow

Operating cash flow growth by window
5Y+24.57%
3Y−5.01%
1YTurned positive
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y−4.15 pp
3Y−4.71 pp
1Y+2.22 pp
TTM+5.52 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2020₹246 Cr
Mar 2021₹318 Cr
Mar 2022₹436 Cr
Mar 2023₹502 Cr
Mar 2024₹408 Cr
Mar 2025₹440 Cr
Mar 2026₹536 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2020₹7.00 Cr
Mar 2021₹23.00 Cr
Mar 2022₹36.00 Cr
Mar 2023₹45.00 Cr
Mar 2024₹18.00 Cr
Mar 2025₹14.00 Cr
Mar 2026₹18.00 Cr

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

Bhagiradha Chemicals & Industries Ltd is a small-cap agrochemical company with a market cap of ₹3,674 Cr trading at a PE of 201.8x. The company shows TTM sales growth of 22% but has delivered negative profit CAGR of -26% over 3 years, with ROE at just 3% over the last 3 years and promoter holding at a low 19.6%.

Bull Case 6
  • TTM sales growth of 22% indicates a strong recent revenue recovery after muted 3-year sales CAGR of 2%
  • TTM profit growth of 31% suggests margin expansion and earnings recovery in the most recent period
  • Long-term stock price CAGR of 38% over 10 years and 39% over 5 years reflects significant wealth creation historically
  • 3-year stock CAGR of 25% shows the market has rewarded the company despite weak fundamentals, indicating expectations of future improvement
  • Operates in the agrochemicals space which benefits from India's large agricultural economy and government push for crop protection
  • 5-year compounded sales growth of 11% demonstrates the company has been able to grow its topline over a medium-term horizon
Bear Case 8
  • PE ratio of 201.8x is extremely elevated, implying the stock is priced for significant future growth that has not yet materialized in sustained earnings
  • 3-year ROE of just 3% indicates very poor capital efficiency and weak returns for shareholders
  • 3-year compounded profit CAGR of -26% shows earnings have deteriorated significantly over the medium term
  • Promoter holding is low at 19.6% and has declined by 3.92% over the last 3 years, raising governance and alignment concerns
  • Price-to-book ratio of 5.24x is high relative to the 3% ROE, meaning investors are paying a steep premium for assets generating below-cost-of-capital returns
  • Dividend payout of just 10.2% of profits over the last 3 years with a yield of only 0.05% offers minimal income to shareholders
  • 5-year compounded profit CAGR of -4% confirms that earnings have been in structural decline even over a longer horizon
  • 5-year sales growth of 11% is characterized as poor for a company in a growing agrochemical market, indicating market share or pricing challenges

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

121d ago

TL;DR: Limited recent news flow for Bhagiradha Chemicals. The sole update confirms stable promoter holding at 19.60% with zero pledge, which signals no immediate governance concern. With no material positive or negative catalysts visible, the stock lacks a near-term directional trigger from newsflow alone.

Neutral 1
  • Promoter holding steady at 19.60% Jun 23

    Promoters of Bhagiradha Chemicals held 19.60% stake (2,54,10,000 shares) as on March 31, 2026, with no encumbrance reported on any shares.

Quarterly Results

₹ Cr
BHAGCHEM quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
100
122
74
111
111
104
103
123
124
140
114
158
195
170
Expenses
93
109
66
97
99
94
94
117
115
125
100
139
164
147
Operating Profit
7
13
8
14
12
10
9
6
9
15
14
19
31
23
OPM %
7%
11%
11%
13%
11%
9%
9%
5%
7%
11%
12%
12%
16%
13%
Other Income
0
0
1
1
2
3
2
1
1
0
1
1
2
1
Interest
2
2
2
2
1
2
2
2
3
4
3
7
6
8
Depreciation
3
3
3
3
3
3
4
4
4
4
5
8
8
9
PBT
3
9
5
11
10
8
6
2
2
8
6
5
18
7
Tax %
36%
33%
31%
32%
41%
30%
35%
140%
−59%
27%
27%
15%
24%
18%
Net Profit
2
6
3
7
6
5
4
−1
4
6
5
4
13
5
EPS (₹)
0.19
0.55
0.32
0.69
0.46
0.44
0.29
−0.07
0.31
0.42
0.36
0.31
1.03
—

Sep 2026: from the results filed on 3 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
BHAGCHEM profit and loss, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
246
318
436
502
408
440
536
607
Expenses
229
271
367
425
365
404
479
528
Operating Profit
17
47
68
77
43
37
57
79
OPM %
7%
15%
16%
15%
11%
8%
11%
13%
Other Income
4
2
1
1
3
9
2
4
Interest
5
8
9
5
8
7
17
21
Depreciation
7
8
9
10
11
14
21
25
PBT
9
32
51
64
27
25
21
36
Tax %
27%
27%
30%
29%
32%
45%
14%
—
Net Profit
7
23
36
45
18
14
18
28
EPS (₹)
0.63
2.27
3.48
4.34
1.75
1.07
1.4
2.12
Div. Payout %
0%
0%
7%
9%
6%
14%
11%
—

Balance Sheet

₹ Cr
BHAGCHEM balance sheet, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
8
8
8
10
10
13
13
Reserves
124
147
182
303
403
669
685
Borrowings
43
62
81
50
62
89
235
Other Liabilities
50
55
71
83
101
162
187
Total Liabilities
225
273
342
447
576
933
1,120
Fixed Assets
138
152
157
173
214
245
580
CWIP
4
2
5
28
68
289
96
Investments
0
0
0
0
38
0
0
Other Assets
83
119
181
246
256
399
445
Total Assets
225
273
342
447
576
933
1,120

Cash Flow

₹ Cr
BHAGCHEM cash flow, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
48
4
7
14
34
−53
12
Investing
−39
−21
−17
−60
−116
−201
−160
Financing
−9
15
12
46
88
272
136
Net Cash Flow
0
−2
2
1
7
18
−12
Free Cash Flow
9
−17
−10
−46
−45
−302
−148
CFO/OP
304
20
21
33
91
−123
34

Ratios

BHAGCHEM financial ratios, annual
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
17
68
81
94
96
144
139
Inventory Days
137
97
91
108
168
173
161
Days Payable
59
89
73
69
98
125
152
Cash Conversion Cycle
95
76
99
132
166
193
148
Working Capital Days
−12
21
32
90
94
124
117
ROCE %
—
20%
25%
22%
8%
5%
5%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Bhagiradha Chemicals & Industries insights

69 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Others 45.14%
  • Public 32.18%
  • Promoters 19.60%
  • DIIs 3.01%
  • FIIs 0.08%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Q1 FY27 concall · Aug 2026
    PPT
  • Concall · May 2026
    PPT
  • Q3 FY26 concall · Feb 2026
    PPT
  • Q2 FY26 concall · Nov 2025
    PPT
  • Q1 FY26 concall · Aug 2025
    PPT

Frequently Asked Questions about Bhagiradha Chemicals & Industries

What does Bhagiradha Chemicals & Industries Ltd do?
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.
Where is Bhagiradha Chemicals & Industries Ltd (BHAGCHEM) listed?
Bhagiradha Chemicals & Industries Ltd trades as BHAGCHEM on the NSE and under code 531719 on the BSE.
Which sector does Bhagiradha Chemicals & Industries Ltd belong to?
Bhagiradha Chemicals & Industries Ltd is classified under the Chemicals sector, in the Pesticides & Agrochemicals industry.
What is the PE ratio of Bhagiradha Chemicals & Industries Ltd?
Bhagiradha Chemicals & Industries Ltd trades at a PE ratio of 91.77 as of 4 Nov 2026, on earnings per share of ₹2.12, against a book value of ₹53.85 per share.
What is the 52-week high and low of Bhagiradha Chemicals & Industries Ltd?
Over the last 52 weeks Bhagiradha Chemicals & Industries Ltd has traded between ₹170.6 and ₹316.9 as of 4 Nov 2026.
Does Bhagiradha Chemicals & Industries Ltd pay dividends?
Bhagiradha Chemicals & Industries Ltd has a dividend yield of 0.08%.
What is the Return on Equity (ROE) of Bhagiradha Chemicals & Industries Ltd?
Bhagiradha Chemicals & Industries Ltd reported a return on equity of 2.63%. Its debt-to-equity ratio is 0.34.

Company Information

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.

Website bhagirad.com
CEO Mr. Arvind Kumar Anegondi
Employees 546
Listed 18 Oct 2021
Face Value ₹1

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