Bhagiradha Chemicals & Industries Ltd
NSE: BHAGCHEM BSE: 531719Chemicals
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]
₹244
52W: ₹170 — ₹331
PE 131 · Book ₹54.9 · +344% vs bookMarket Cap₹3,166 Cr
Stock P/E131Price to Earnings
ROCE7.44%Return on Capital
ROE4.91%Return on Equity
Div. Yield0.06%Face Value ₹1
Weaknesses
- −Stock is trading at 4.43 times its book value
- −Promoter holding is low: 19.6%
- −Company has a low return on equity of 8.00% over last 3 years.
- −Dividend payout has been low at 7.07% of profits over last 3 years
- −Debtor days have increased from 111 to 145 days.
- −Promoter holding has decreased over last 3 years: -3.92%
- −Working capital days have increased from 202 days to 395 days
Shareholding Pattern
Promoters19.6%
FIIs0.14%
DIIs3.02%
Public77.24%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 20.27% | 20.27% | 20.27% | 19.75%▼0.5 | 19.75% | 19.6%▼0.1 | 19.6% | 19.6% |
| FIIs | 0.17% | 0.15%▼0.0 | 0.18%▲0.0 | 0.04%▼0.1 | 0.05%▲0.0 | 0.05% | 0.2%▲0.2 | 0.14%▼0.1 |
| DIIs | 3.14% | 3.14% | 3.08%▼0.1 | 2.89%▼0.2 | 2.89% | 2.89% | 2.99%▲0.1 | 3.02%▲0.0 |
| Public | 76.42% | 76.44%▲0.0 | 76.46%▲0.0 | 77.33%▲0.9 | 77.31%▼0.0 | 77.48%▲0.2 | 77.22%▼0.3 | 77.24%▲0.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 122.01 | 74.37 | 110.32 | 110.78 | 100.22 | 102.73 | 122.63 | 123.78 | 134.36 | 113.92 |
| Expenses | 108.45 | 66.19 | 96.37 | 98.94 | 90.47 | 93.43 | 115.39 | 113.78 | 120.15 | 102.51 |
| Operating Profit | 13.56 | 8.18 | 13.95 | 11.84 | 9.75 | 9.3 | 7.24 | 10 | 14.21 | 11.41 |
| OPM % | 11.11% | 11% | 12.65% | 10.69% | 9.73% | 9.05% | 5.9% | 8.08% | 10.58% | 10.02% |
| Net Profit | 6.29 | 3.69 | 8.12 | 7.23 | 7.87 | 7.13 | 5.16 | 8.29 | 5.92 | 4.83 |
| EPS ₹ | 0.6 | 0.35 | 0.78 | 0.58 | 0.63 | 0.57 | 0.4 | 0.64 | 0.46 | 0.37 |
AI Insights
Revenue Trend
TTM revenue at ₹495Cr, up 13.5% YoY. OPM at 9%.
Debt Position
Borrowings at ₹93Cr. Debt-to-equity ratio: 0.13x. Healthy balance sheet.
Capex Cycle
CWIP at ₹2Cr (1% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 3.02% (+3.02pp change). FIIs: 0.14% (+0.02pp change). Promoters hold 19.6%.
Margin & Efficiency
ROCE improving from 7% (Mar 2014) to 7% (Mar 2025). Working capital days: 395.
Valuation
PE 131x with 7.44% ROCE. Price is 344% above book value of ₹54.9. Dividend yield: 0.06%.
Recent Announcements
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 14 May - Company says it is not a Large Corporate; annual disclosure for FY2026 not applicable.
- Compliances-Reg.24(A)-Annual Secretarial Compliance 14 May - Submitted Secretarial Compliance Report for FY2026; no SEBI non-compliances observed.
- Board Meeting Intimation for Approval Of Audited Financial Results For The Quarter/Year Ended On March 31, 2026 6 May - Board to meet on May 19, 2026 to approve FY26 audited results, dividend, book closure and AGM details.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 17 Apr - Company confirms it is not a Large Corporate; outstanding long-term borrowings were Rs. 34.04 crore.
- Clarification On Significant Movement In Price 10 Apr - Company clarified recent share price movement was market-driven, with no pending material announcement.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse