BHAGCHEM

Bhagiradha Chemicals & Industries Limited

Crop-protection chemicals manufacturer with agrochemical actives and intermediates

Commodities›Chemicals›Fertilizers & Agrochemicals›Pesticides & Agrochemicals

bhagirad.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹213.08
Market cap
2,757 Cr
Stock P/E
100.2
P/B
3.96
Dividend yield
0.1%
ROE (FY26)
2.6%
ROCE (FY26)
4.2%
Operating margin (FY26)
6.8%
Debt / equity (FY26)
0.33
OCF / EBITDA (FY26)
21.0%
OCF / EBITDA (3Y)
-4.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Bhagiradha Chemicals makes crop protection chemicals, including active ingredients, intermediates and formulations, which it sells to more than 100 active domestic and multinational customers.

Company snapshot

9thBy market cap

Ranked among 23 companies in Pesticides & Agrochemicals.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales122 Cr74 Cr111 Cr111 Cr104 Cr103 Cr123 Cr124 Cr140 Cr114 Cr158 Cr195 Cr
Operating expenses (approx.)109 Cr66 Cr97 Cr99 Cr94 Cr94 Cr117 Cr115 Cr125 Cr100 Cr139 Cr164 Cr
EBITDA13 Cr8 Cr14 Cr12 Cr10 Cr9 Cr6 Cr9 Cr15 Cr14 Cr19 Cr31 Cr
OPM %11.0%11.1%12.7%10.8%9.4%8.9%5.0%7.3%10.7%12.0%12.3%15.7%
Other income0.13 Cr0.76 Cr1 Cr2 Cr3 Cr2 Cr1 Cr0.64 Cr0.46 Cr0.59 Cr0.67 Cr2 Cr
Interest2 Cr2 Cr2 Cr1 Cr2 Cr2 Cr2 Cr3 Cr4 Cr3 Cr7 Cr6 Cr
Depreciation3 Cr3 Cr3 Cr3 Cr3 Cr4 Cr4 Cr4 Cr4 Cr5 Cr8 Cr8 Cr
Profit before tax9 Cr5 Cr11 Cr10 Cr8 Cr6 Cr2 Cr3 Cr8 Cr6 Cr5 Cr18 Cr
Tax %32.7%30.8%31.6%41.0%30.0%35.3%139.4%-59.1%26.7%26.6%15.3%24.0%
Net profit6 Cr3 Cr7 Cr6 Cr5 Cr4 Cr-0.88 Cr4 Cr6 Cr5 Cr4 Cr13 Cr
EPS (₹)₹5.50₹3.19₹0.69₹0.50₹0.43₹0.28₹-0.08₹0.31₹0.42₹0.36₹0.31₹1.03

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales318 Cr436 Cr502 Cr408 Cr440 Cr536 CrSign in free for the trailing twelve months
Operating expenses (approx.)271 Cr367 Cr425 Cr365 Cr404 Cr479 CrSign in free for the trailing twelve months
EBITDA47 Cr68 Cr77 Cr43 Cr37 Cr57 CrSign in free for the trailing twelve months
OPM %14.7%15.7%15.4%10.5%8.4%10.7%Sign in free for the trailing twelve months
Other income0.64 Cr0.85 Cr1 Cr3 Cr9 Cr2 CrSign in free for the trailing twelve months
Interest8 Cr9 Cr5 Cr8 Cr7 Cr17 CrSign in free for the trailing twelve months
Depreciation8 Cr9 Cr10 Cr11 Cr14 Cr21 CrSign in free for the trailing twelve months
Profit before tax32 Cr51 Cr64 Cr27 Cr25 Cr21 CrSign in free for the trailing twelve months
Tax %27.5%30.3%29.2%32.3%45.1%13.9%Sign in free for the trailing twelve months
Net profit23 Cr36 Cr45 Cr18 Cr14 Cr18 CrSign in free for the trailing twelve months
EPS (₹)₹28.06₹43.02₹44.35₹1.75₹1.14₹1.40Sign in free for the trailing twelve months
Dividend payout %0.0%2.3%6.9%17.1%9.0%10.7%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital8 Cr8 Cr10 Cr10 Cr13 Cr13 Cr
Reserves147 Cr182 Cr303 Cr403 Cr669 Cr685 Cr
Borrowings58 Cr81 Cr50 Cr61 Cr84 Cr231 Cr
Other liabilities60 Cr72 Cr84 Cr101 Cr166 Cr191 Cr
Total liabilities273 Cr342 Cr447 Cr576 Cr933 Cr1,120 Cr
Fixed assets (net)152 Cr156 Cr173 Cr214 Cr243 Cr578 Cr
CWIP2 Cr4 Cr27 Cr65 Cr288 Cr94 Cr
Investments0 Cr0 Cr0 Cr38 Cr0 Cr0 Cr
Inventories50 Cr68 Cr91 Cr111 Cr130 Cr146 Cr
Trade receivables60 Cr97 Cr129 Cr107 Cr174 Cr205 Cr
Cash & bank0.35 Cr2 Cr3 Cr10 Cr29 Cr16 Cr
Other assets9 Cr15 Cr23 Cr30 Cr70 Cr81 Cr
Total assets273 Cr342 Cr447 Cr576 Cr933 Cr1,120 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity4 Cr6 Cr14 Cr34 Cr-53 Cr12 Cr
Cash from investing-21 Cr-16 Cr-60 Cr-121 Cr-200 Cr-160 Cr
Cash from financing14 Cr12 Cr46 Cr88 Cr272 Cr136 Cr
Net cash flow-2 Cr2 Cr0.73 Cr2 Cr19 Cr-12 Cr
Free cash flow (OCF − Capex)-17 Cr-11 Cr-46 Cr-45 Cr-305 Cr-148 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %18.9%22.3%18.9%7.3%4.2%4.2%
ROE %15.0%18.8%14.4%4.4%2.0%2.6%
Debtor days68819396144139
Inventory days949099149169156
Days payable89726387122148
Cash conversion cycle7398129158191147
OCF / EBITDA %8.8%8.6%18.0%79.9%-142.9%21.0%
OCF / EBITDA % (3 years)——12.4%28.7%-2.9%-4.7%
Debt / equity0.370.420.160.150.120.33
Current ratio1.201.312.272.231.921.78
Net debt / EBITDA1.231.150.611.201.513.76