Bhagiradha Chem & Inds L
NSE: BHAGCHEM · Pesticides & Agrochemicals · sector
₹193.72NSE close 2026-10-26
Key numbers
Market cap₹2,512 cr
Price₹193.72
52w high / low₹317 / ₹171
P/E91.4xSector median 18.3x
P/B3.6xSector median 1.8x
Book value₹53.9
Dividend yield0.07%Sector median 0.55%
ROE4.0%Sector median 9.3%
ROCE6.1%Sector median 12.4%
OPM13.0%Sector median 10.4%
Debt / equity0.33xSector median 0.34x
EV/EBITDA34.6xSector median 10.8x
Interest cover2.8x
Current ratio1.78x
Sales growth 3y+2.2%Sector median +1.7%
Profit growth 3y-26.2%Sector median +2.3%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 29 companies in Pesticides & Agrochemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹19 cr vs borrowings ₹231 cr (FY26): borrowings are higher by ₹212 cr.
- Borrowings rose in each of the last 3 years (₹50 cr → ₹231 cr).
- Operating profit covered interest 2.8x in the last 12 months.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY23, FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 13% of net profit in the last 12 months.
- Debtor days went from 96 (FY24) to 139 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹193.72 on 2026-10-26: -38.9% from the 52-week high, +13.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹369.60 · low ₹182.79
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 104 | 103 | 123 | 124 | 140 | 114 | 158 | 195 |
| EBITDA | 10 | 9 | 6 | 9 | 15 | 14 | 19 | 31 |
| OPM % | 9.4% | 8.9% | 5.0% | 7.3% | 10.7% | 12.0% | 12.3% | 15.7% |
| Other income | 3 | 2 | 1 | 1 | 0 | 1 | 1 | 2 |
| Net profit | 5 | 4 | -1 | 4 | 6 | 5 | 4 | 13 |
| EPS (₹) | 0.43 | 0.28 | -0.08 | 0.31 | 0.42 | 0.36 | 0.31 | 1.03 |
| Revenue YoY | +35.1% | +10.9% | +28.9% | +57.6% | ||||
| Profit YoY | +1.1% | +28.7% | – | +234.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 436 | 502 | 408 | 440 | 536 | 607 |
| EBITDA | 68 | 77 | 43 | 37 | 57 | 79 |
| Net profit | 36 | 45 | 18 | 14 | 18 | 28 |
| EPS (₹) | 4.30 | 4.44 | 0.18 | 1.14 | 1.40 | 2.12 |
| Revenue growth | +15.2% | -18.8% | +8.1% | +21.7% | +34.1% | |
| Profit growth | +26.3% | -59.6% | -23.9% | +31.1% | +126.9% | |
| Dividend / share (₹) | 1.00 | 3.00 | 3.00 | 0.10 | 0.15 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +2.2% | – | +34.1% |
| Net profit | -26.2% | – | +126.9% |
| EPS | -31.9% | – | – |
| Share price | – | -23.4% (2y) | -18.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 313 | 414 | 682 | 698 |
| Borrowings | – | 50 | 61 | 84 | 231 |
| Cash & equivalents | – | 4 | 49 | 30 | 19 |
| Total assets | – | 447 | 576 | 933 | 1,120 |
| Fixed assets | – | 173 | 214 | 243 | 578 |
| Capital work in progress | – | 27 | 65 | 288 | 94 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 129 | 107 | 174 | 205 |
| Inventory | – | 91 | 111 | 130 | 146 |
| Payables | – | 59 | 65 | 93 | 138 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 6 | 14 | 34 | -53 | 12 |
| Cash from investing | -16 | -60 | -121 | -200 | -160 |
| Cash from financing | 12 | 46 | 88 | 272 | 136 |
| Capex | 17 | 60 | 79 | 252 | 160 |
| Free cash flow | -11 | -46 | -45 | -305 | -148 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 14.4% | 4.4% | 2.0% | 2.6% |
| ROCE % | – | 18.9% | 7.3% | 4.2% | 4.2% |
| Debtor days | – | 94 | 96 | 144 | 139 |
| Inventory days | – | 106 | 165 | 170 | 159 |
| Payable days | – | 68 | 97 | 122 | 150 |
| Cash conversion cycle (days) | – | 132 | 164 | 192 | 148 |
| Working capital days | – | 93 | 139 | 149 | 130 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 19.60% |
| FIIs | 0.08% |
| DIIs | 3.01% |
| Public (non-institutions) | 77.31% |
| Quarter | Jan 2025 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 19.74% | 19.74% | 19.74% | 19.60% | 19.60% | 19.60% | 19.60% | 19.60% |
| Promoter group | % |
|---|---|
| Singavarapu Chandrasekhar | 12.90% |
| Greenpath Energy Private | 3.68% |
| Eadara Jayalaxmi | 1.91% |
| Singavarapu Lalitha Sree | 0.59% |
| Kudaravalli Rama Krishna | 0.47% |
| Late K Baby | 0.05% |
| Public holders above 1% | % |
|---|---|
| Ratnabali Investment Private Limited | 14.07% |
| Emerald Company Private Limited | 4.68% |
| R Venkata Narayana | 4.27% |
| Derive Trading and Resorts Private Limited | 3.32% |
| Aayushman Rajesh Nuwal | 3.15% |
| Genesis Advertising Private Limited | 2.90% |
| Dipesh K Shroff | 2.29% |
| Mount Intra Finance Private Limited | 2.18% |
| Babukhan Legacy Management LLP | 2.09% |
| Agrocel Industries Private Limited | 1.95% |
| Narain Prasad Dalmia | 1.86% |
| 360 ONE Special Opportunities Fund - SER | 1.45% |
| 360 ONE Special Opportunities Fund - SER | 1.45% |
| Mehul Mohanka | 1.27% |
| ARN Capital Strategies Limited | 1.07% |
12,937 shareholders. Pledged: – of promoter shares.
Peers in Pesticides & Agrochemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| UPL | ₹42,056 cr | 20.6x | 1.2x | 6.3% | 11.9% | 17.8% | -1.1% | 1.16% |
| PIIND | ₹30,704 cr | 26.3x | 2.7x | 10.5% | 13.3% | 25.3% | +1.1% | 0.74% |
| SUMICHEM | ₹17,685 cr | 30.5x | 5.2x | 18.4% | 23.1% | 21.4% | -2.7% | 0.33% |
| BAYERCROP | ₹15,009 cr | 20.5x | 5.1x | 25.2% | 31.7% | 16.0% | +3.4% | 3.75% |
| SHARDACROP | ₹5,688 cr | 9.1x | 1.8x | 22.2% | 25.8% | 19.5% | +9.2% | 1.91% |
| DHANUKA | ₹3,709 cr | 14.0x | 2.2x | 17.4% | 21.1% | 19.2% | +5.9% | 0.25% |
| RALLIS | ₹3,664 cr | 19.1x | 1.7x | 9.3% | 12.4% | 11.9% | -0.8% | 1.34% |
| NACLIND | ₹2,650 cr | 221.7x | 3.9x | 2.2% | 6.0% | 5.8% | -9.2% | – |
| BHAGCHEM | ₹2,512 cr | 91.4x | 3.6x | 4.0% | 6.1% | 13.0% | +2.2% | 0.07% |
| GSPCROP | ₹2,010 cr | 17.3x | 2.6x | -0.4% | 15.9% | 11.9% | – | 0.15% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-23 | Dividend | Dividend - Re 0.15 Per Share |
| 2025-08-14 | Dividend | Dividend - Rs 0.15 Per Share |
| 2024-08-02 | Dividend | Annual General Meeting/Dividend - Re 0.10 Per Share |
| 2024-05-02 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 1/- Per Share |
| 2023-07-27 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2022-11-16 | Dividend | Interim Dividend - Re 1 Per Share |
| 2022-08-04 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2022-04-07 | Rights | Rights Issue 4:17@ Premium Rs 390/- |
| 2021-11-11 | Dividend | Interim Dividend - Re 1 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Agrochemical Manufacturing: Manufacture of Insecticides, Fungicides, Herbicides and their intermediates
| Sector | Commodities |
| Industry | Pesticides & Agrochemicals |
| Sub-industry | Pesticides & Agrochemicals |
| Symbol | BHAGCHEM |
| BSE code | 531719 |
| ISIN | INE414D01027 |
| Face value | ₹1.0 |
| Incorporated | 1993-07-07 |
| Website | www.bhagirad.com |
| Plants (India / abroad) | 1 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.