Bhageria Industries Ltd
NSE: BHAGERIA · Dyes And Pigments · sector
₹339.85NSE close 2026-10-26
Key numbers
Market cap₹1,483 cr
Price₹339.85
52w high / low₹416 / ₹128
P/E21.5xSector median 17.5x
P/B2.5xSector median 1.5x
Book value₹136.8
Dividend yield0.45%Sector median 0.44%
ROE11.9%Sector median 10.0%
ROCE13.9%Sector median 11.3%
OPM11.5%Sector median 10.2%
Debt / equity0.17xSector median 0.21x
EV/EBITDA13.5xSector median 10.8x
Interest cover22.4x
Current ratio2.19x
Sales growth 3y+20.3%Sector median +4.5%
Profit growth 3y+46.2%Sector median +7.9%
PEG0.46x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 11 companies in Dyes And Pigments (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹29 cr vs borrowings ₹101 cr (FY26): borrowings are higher by ₹72 cr.
- Operating profit covered interest 22.4x in the last 12 months.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 23% of net profit in the last 12 months.
- Debtor days went from 115 (FY24) to 66 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹339.85 on 2026-10-26: -18.3% from the 52-week high, +166.5% 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 ₹382.05 · low ₹135.35
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 129 | 170 | 183 | 157 | 204 | 242 | 271 | 286 |
| EBITDA | 14 | 27 | 29 | 18 | 23 | 20 | 31 | 42 |
| OPM % | 10.5% | 15.8% | 16.1% | 11.2% | 11.3% | 8.2% | 11.3% | 14.7% |
| Other income | 3 | -2 | 1 | 6 | 2 | 3 | -4 | 16 |
| Net profit | 7 | 12 | 16 | 11 | 12 | 11 | 12 | 34 |
| EPS (₹) | 1.50 | 2.78 | 3.61 | 2.58 | 2.70 | 2.56 | 2.71 | 7.83 |
| Revenue YoY | +58.3% | +41.8% | +48.1% | +81.9% | ||||
| Profit YoY | +80.0% | -7.9% | -24.9% | +203.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 601 | 501 | 494 | 595 | 874 | 1,003 |
| EBITDA | 116 | 54 | 43 | 81 | 91 | 116 |
| Net profit | 71 | 15 | 19 | 40 | 46 | 69 |
| EPS (₹) | 16.17 | 3.38 | 4.37 | 9.26 | 10.56 | 15.80 |
| Revenue growth | -16.6% | -1.4% | +20.3% | +47.0% | +56.8% | |
| Profit growth | -79.1% | +29.3% | +111.9% | +14.1% | +50.8% | |
| Dividend / share (₹) | 3.50 | 4.00 | 1.00 | 1.00 | 1.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +20.3% | +16.8% | +56.8% |
| Net profit | +46.2% | -5.9% | +50.8% |
| EPS | +46.2% | -6.0% | – |
| Share price | – | +27.3% (2y) | +77.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 506 | 522 | 558 | 597 |
| Borrowings | – | 38 | 47 | 45 | 101 |
| Cash & equivalents | – | 34 | 30 | 53 | 29 |
| Total assets | – | 631 | 676 | 733 | 860 |
| Fixed assets | – | 363 | 345 | 348 | 383 |
| Capital work in progress | – | 8 | 17 | 11 | 117 |
| Investments | – | 0 | 0 | 1 | 2 |
| Receivables | – | 128 | 156 | 187 | 159 |
| Inventory | – | 43 | 44 | 49 | 56 |
| Payables | – | 40 | 60 | 68 | 74 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 76 | 28 | 23 | 52 | 99 |
| Cash from investing | -58 | -23 | -33 | -46 | -141 |
| Cash from financing | -14 | -16 | 5 | -9 | 46 |
| Capex | 58 | 14 | 27 | 27 | 143 |
| Free cash flow | 17 | 14 | -4 | 25 | -45 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 2.9% | 3.6% | 7.2% | 7.7% |
| ROCE % | – | 4.4% | 4.9% | 9.4% | 9.4% |
| Debtor days | – | 93 | 115 | 115 | 66 |
| Inventory days | – | 45 | 48 | 51 | 32 |
| Payable days | – | 41 | 66 | 71 | 43 |
| Cash conversion cycle (days) | – | 97 | 97 | 95 | 55 |
| Working capital days | – | 112 | 143 | 134 | 71 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 71.85% |
| FIIs | 0.47% |
| Public (non-institutions) | 27.68% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 71.75% | 71.75% | 71.75% | 71.75% | 71.75% | 71.77% | 71.77% | 71.85% |
| Promoter group | % |
|---|---|
| Bhageria Trade Invest PVT Ltd | 15.16% |
| Akashdeep International Private Limited | 12.14% |
| Bhageria Suresh Keshavdeo | 9.31% |
| Deepak Vishwambharlal Bhageria | 5.49% |
| Rakesh Niranjanlal Bhageria | 4.91% |
| Vikas Suresh Bhageria | 3.74% |
| Rahul Niranjanlal Bhageria | 2.78% |
| Suresh Bhageria | 2.26% |
| Bhageria Chandraprabha Suresh | 2.09% |
| Bhageria Asha Dinesh | 2.03% |
| Harshita Vikas Bhageria | 1.86% |
| Dinesh Vishambharlal Bhageria | 1.62% |
| Archana Deepak Bhageria | 1.35% |
| Dhwani Rahul Bhageria | 1.14% |
| Sonika Rakesh Bhageria | 0.94% |
| Public holders above 1% | % |
|---|---|
| Prism Scan Express PVT Ltd | 4.46% |
| Futurage Corporate Care Private Limited | 4.39% |
16,401 shareholders. Pledged: – of promoter shares.
Peers in Dyes And Pigments
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SUDARSCHEM | ₹8,180 cr | 113.1x | 2.4x | 2.1% | 6.4% | 6.3% | +62.0% | 0.44% |
| KIRIINDUS | ₹3,097 cr | 0.5x | 0.5x | 120.8% | 93.8% | 599.3% | -3.9% | – |
| BODALCHEM | ₹1,705 cr | 24.8x | 1.5x | 6.1% | 8.0% | 8.1% | +8.5% | 0.00% |
| SHREEPUSHK | ₹1,587 cr | 22.0x | 2.6x | 12.6% | 12.6% | 10.2% | +12.6% | 0.41% |
| BHAGERIA | ₹1,483 cr | 21.5x | 2.5x | 11.9% | 13.9% | 11.5% | +20.3% | 0.45% |
| ULTRAMAR | ₹1,078 cr | 11.7x | 1.2x | 10.0% | 13.3% | 16.9% | +12.7% | 1.63% |
| SUDARCOLOR | ₹814 cr | 17.0x | 1.4x | 8.7% | 11.3% | 6.8% | +0.6% | – |
| ASAHISONG | ₹408 cr | 11.7x | 1.5x | 13.2% | 14.2% | 12.4% | +2.0% | 0.44% |
| AKSHARCHEM | ₹311 cr | 10.8x | 1.1x | 10.4% | 8.8% | 10.6% | +3.6% | 0.22% |
| PODDARMENT | ₹267 cr | 17.5x | 0.8x | 4.3% | 6.2% | 6.0% | +3.2% | 1.59% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| (a) Segment -A (Chemical) | ₹830 cr | 94.9% | ₹69 cr | 8.3% |
| (b) Segment -B (Solar Power) | ₹27 cr | 3.1% | ₹11 cr | 42.0% |
| (d) Others | ₹11 cr | 1.2% | ₹1 cr | 11.5% |
| (c) Segment -C (Pharma) | ₹6 cr | 0.7% | ₹-8 cr | -116.8% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-24 | Dividend | Dividend - Rs 2.50 Per Share |
| 2025-07-25 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2024-08-23 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2023-09-01 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2022-07-21 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2021-07-22 | Dividend | Annual General Meeting/Dividend - Rs 3.50 Per Share |
| 2020-08-20 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2019-08-23 | Dividend | Annual General Meeting/Dividend - Rs 1.125 Per Share |
| 2019-07-17 | Bonus | Bonus 1:1 |
| 2019-01-31 | Dividend | Interim Dividend - Rs 3.75 Per Share |
| 2018-07-13 | Dividend | Annual General Meeting / Dividend Rs 5.50 Per Share |
| 2017-11-24 | Dividend | Annual General Meeting/Dividend - Rs 5/- Per Share |
| 2016-10-26 | Other | Fv Splt Frm Rs 10 To Rs 5 |
| 2016-08-05 | Dividend | Annual General Meeting/ Dividend -Rs 5/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Dyes And Pigments |
| Sub-industry | Dyes And Pigments |
| Symbol | BHAGERIA |
| BSE code | 530803 |
| ISIN | INE354C01027 |
| Face value | ₹5.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
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.