Bharat Rasayan Ltd
NSE: BHARATRAS · Pesticides & Agrochemicals · sector
Key numbers
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 ₹273 cr vs borrowings ₹1 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 41.9x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY24, FY22).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 28% of net profit in the last 12 months.
- Debtor days went from 138 (FY24) to 113 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹933.30 on 2026-10-26: -68.8% from the 52-week high, 0.0% 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
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 328 | 256 | 307 | 377 | 286 | 270 | 308 | 338 |
| EBITDA | 55 | 42 | 40 | 58 | 33 | 44 | 45 | 51 |
| OPM % | 16.7% | 16.3% | 13.1% | 15.5% | 11.6% | 16.4% | 14.5% | 15.0% |
| Other income | 7 | 7 | 6 | 7 | 9 | 9 | 16 | 6 |
| Net profit | 32 | 41 | 25 | 40 | 24 | 40 | 38 | 37 |
| EPS (₹) | 19.34 | 24.39 | 15.12 | 23.86 | 16.77 | 24.08 | 22.95 | 22.40 |
| Revenue YoY | -12.8% | +5.5% | +0.5% | -10.4% | ||||
| Profit YoY | -24.0% | -1.2% | +51.8% | -6.1% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,301 | 1,234 | 1,045 | 1,173 | 1,242 | 1,203 |
| EBITDA | 251 | 193 | 117 | 175 | 180 | 173 |
| Net profit | 176 | 125 | 96 | 141 | 146 | 140 |
| EPS (₹) | 105.88 | 74.97 | 57.47 | 84.78 | 87.67 | 86.20 |
| Revenue growth | -5.1% | -15.4% | +12.3% | +5.9% | -5.2% | |
| Profit growth | -29.2% | -23.4% | +47.5% | +3.4% | +1.7% | |
| Dividend / share (₹) | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +0.2% | +2.6% | -5.2% |
| Net profit | +5.4% | -2.3% | +1.7% |
| EPS | +5.4% | -1.9% | – |
| Share price | – | -41.2% (2y) | -63.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 893 | 988 | 1,130 | 1,275 |
| Borrowings | – | 28 | 80 | 85 | 1 |
| Cash & equivalents | – | 64 | 141 | 286 | 273 |
| Total assets | – | 1,074 | 1,197 | 1,408 | 1,433 |
| Fixed assets | – | 224 | 230 | 229 | 246 |
| Capital work in progress | – | 11 | 6 | 15 | 46 |
| Investments | – | 37 | 51 | 68 | 75 |
| Receivables | – | 325 | 394 | 419 | 385 |
| Inventory | – | 323 | 267 | 290 | 331 |
| Payables | – | 75 | 73 | 142 | 97 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -65 | 213 | 41 | 172 | 132 |
| Cash from investing | 51 | -61 | -90 | -157 | -96 |
| Cash from financing | -25 | -152 | 49 | -1 | -89 |
| Capex | 56 | 24 | 27 | 36 | 74 |
| Free cash flow | -121 | 190 | 14 | 136 | 59 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 13.9% | 9.7% | 12.5% | 11.4% |
| ROCE % | – | 20.2% | 10.5% | 14.3% | 15.3% |
| Debtor days | – | 96 | 138 | 130 | 113 |
| Inventory days | – | 141 | 135 | 136 | 150 |
| Payable days | – | 33 | 37 | 67 | 44 |
| Cash conversion cycle (days) | – | 204 | 236 | 199 | 219 |
| Working capital days | – | 183 | 248 | 259 | 272 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.99% |
| FIIs | 0.58% |
| DIIs | 1.70% |
| of which Mutual funds | 1.66% |
| Public (non-institutions) | 22.72% |
| Quarter | Jun 2025 | Sep 2025 | Dec 2025 | Dec 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% |
| Promoter group | % |
|---|---|
| Sat Narain Gupta | 23.55% |
| Rajender Prasad Gupta | 11.61% |
| S N Gupta And Sons HUF | 8.40% |
| Mahabir Prasad Gupta [MPG Family Trust] | 6.98% |
| Vikas Gupta | 4.58% |
| Weldon Fincap Private Limited | 3.70% |
| Centum Finance Limited | 3.60% |
| Mahabir Prasad Gupta | 2.99% |
| BRL Finlease Limited | 2.83% |
| Savita Gupta | 2.60% |
| Rajesh Gupta | 1.95% |
| Manju Gupta | 1.26% |
| Sahil Gupta | 0.95% |
| Public holders above 1% | % |
|---|---|
| Ritesh Stock Broking Private Limited | 4.76% |
| Shiv Shankar Securities Pvt. Ltd. | 1.79% |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.75% |
| Pgim India Trustees Private Limited A/C Pgim India Midcap Fund | 1.66% |
23,084 shareholders. Pledged: 0.00% 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% |
| BHARATRAS | ₹1,551 cr | 10.8x | 1.2x | 11.6% | 14.5% | 14.4% | +0.2% | 0.04% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-17 | Dividend | Dividend - Re 0.50 Per Share |
| 2025-12-12 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share |
| 2025-12-12 | Bonus | Bonus 1:1 |
| 2025-09-12 | Dividend | Dividend - Rs 1.50 Per Share |
| 2024-09-12 | Dividend | Dividend - Rs 1.50 Per Share |
| 2024-09-12 | Other | Annual General Meeting |
| 2023-09-06 | Other | Annual General Meeting |
| 2023-09-06 | Dividend | Dividend - Rs 1.50 Per Share |
| 2022-09-05 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2021-09-06 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Sh |
| 2021-03-04 | Buyback | Buy Back |
| 2020-09-16 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2019-09-17 | Dividend | Dividend - Rs 1.50 Per Share |
| 2018-09-19 | Dividend | Annual General Meeting/Dividend- Rs 1.50 Per Share |
| 2017-09-19 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2016-09-20 | Dividend | Dividend - Rs 1.20 Per Share |
| 2015-09-16 | Dividend | Annual General Meeting/ Dividend - Rs 1.50/- Per Share |
| 2014-09-18 | Dividend | Annual General Meeting / Final Dividend - Re 1/- Per Share |
| 2013-09-16 | Other | Annual General Meeting |
| 2012-09-18 | Dividend | Annual General Meeting/Dividend Re 1.20 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
- Manufacturing: Manufacturer of Technical Grade Pesticides and Intermediates
| Sector | Commodities |
| Industry | Pesticides & Agrochemicals |
| Sub-industry | Pesticides & Agrochemicals |
| Symbol | BHARATRAS |
| BSE code | 590021 |
| ISIN | INE838B01021 |
| Face value | ₹5.0 |
| Incorporated | 1989-05-15 |
| Website | WWW.BHARATGROUP.CO.IN |
| Plants (India / abroad) | 2 / 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.