Bharat Rasayan Limited (BHARATRAS)

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Bharat Rasayan Limited (BHARATRAS) · mywealthgrid

About

Bharat Rasayan manufactures pesticides and agrochemicals for Indian agriculture. Debt-free, ₹2,162 Cr market-cap company generated ₹308 Cr revenue (Mar 2026) at 16.3% operating margins. Market position within India's fragmented agrochemical sector not detailed; verify distribution reach, product portfolio, competitive standing.

Face value: ₹5

Market cap

₹1,658 Cr

P/E

11.9×

P/B

1.3×

Dividend yield

0.1%

ROE

12.1%

ROCE

17.5%

Debt / equity

OPM

16%

EPS (TTM)

₹84.1

Book value

₹767.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margins compressed 780 bps Jun–Sep 2025 (19.39% → 11.56%), partially recovered Mar 2026 (16.27%). Investigate commodity input inflation, product mix shifts, or pricing constraints.
Revenue fell 18% Jun–Mar 2026 (₹377 Cr → ₹308 Cr). Verify if seasonal, cyclical farm-demand weakness, or structural share loss.
Stock down 50.64% year-over-year despite zero debt, 16%+ margins; market pricing structural risk. Verify regulatory (product bans, registrations), competitive (pricing, share), demand-side (farm economics, monsoon) headwinds.
ROE 12.12% modest vs. 16%+ margins and zero leverage. Verify capital efficiency and earnings quality.

Generated analysis · source review pending

Growth drivers

Jun 2025 revenue ₹377 Cr (22% above current ₹310 Cr) shows past capacity. Verify if Sep–Dec trough (₹270–₹286 Cr) was seasonal or structural; normalization would drive growth.
Operating margins recovered Sep low (11.56%) to Mar (16.27%), approaching Jun peak (19.39%). If input costs ease, margin recovery to 19% range expands profit.
Sequential recovery (revenue Dec ₹270 Cr → Mar ₹308 Cr +14%, margins Dec 15.81% → Mar 16.27%) suggests post-trough momentum. Verify if trend sustains to compound bottom-line growth.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹998.6-0.7%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 46.6×

Cons

−Profit declined 2.3% a year over the last 5 years
−Modest revenue growth of 2.6% a year over the last 5 years
−Low dividend payout of 0.6% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

52/100

Business quality: 61
Growth: 5
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Upl LimitedUPLUPL	₹43,628 Cr	₹65,674 Cr	₹52,804 Cr	₹9,326 Cr	17.9%	₹2,020 Cr	4.3%	11.2%	6%	135
Sumitomo Chemical India LimitedSUMICHEMSUMICHEM	₹20,842 Cr	₹20,844 Cr	₹3,245 Cr	₹685 Cr	20.7%	₹579 Cr	16.8%	23.1%	17.3%	155
Bayer Cropscience LimitedBAYERCROPBAYERCROP	₹15,958 Cr	—	₹5,472 Cr	₹688 Cr	15.4%	₹568 Cr	12.1%	28.4%	23.7%	300
Sharda Cropchem LimitedSHARDACROPSHARDACROP	₹6,397 Cr	₹6,397 Cr	₹5,357 Cr	₹1,047 Cr	20.4%	₹626 Cr	12.9%	28%	24.2%	125
Dhanuka Agritech LimitedDHANUKADHANUKA	₹4,217 Cr	₹4,259 Cr	₹2,035 Cr	₹417 Cr	20.5%	₹297 Cr	14.6%	28.9%	22.3%	160
Rallis India LimitedRALLISRALLIS	₹3,884 Cr	₹3,942 Cr	₹2,604 Cr	₹274 Cr	10.5%	₹164 Cr	6.3%	13.2%	10%	104
Bhagiradha Chemicals & Industries LimitedBHAGCHEMBHAGCHEM	₹3,063 Cr	₹3,294 Cr	₹607 Cr	₹79 Cr	10.7%	₹28 Cr	3.4%	4.8%	2.6%	148
Nacl Industries LimitedNACLINDNACLIND	₹3,054 Cr	₹3,355 Cr	₹1,519 Cr	₹106 Cr	6.5%	₹12 Cr	0.3%	11.8%	0.8%	105
Gsp Crop Science LimitedGSPCROPGSPCROP	₹2,113 Cr	₹2,373 Cr	₹1,517 Cr	₹185 Cr	12.2%	₹-3 Cr	6.2%	20.7%	-0.4%	121
Bharat Rasayan LimitedBHARATRASBHARATRAS	₹1,658 Cr	₹1,659 Cr	₹1,203 Cr	₹177 Cr	16%	₹140 Cr	11.7%	17.5%	12.1%	219
Insecticides (India) LimitedINSECTICIDINSECTICID	₹1,655 Cr	₹1,799 Cr	₹2,060 Cr	₹210 Cr	10.6%	₹125 Cr	6.5%	17.1%	12.1%	168
Astec Lifesciences LimitedASTECASTEC	₹1,580 Cr	₹2,029 Cr	₹441 Cr	₹6 Cr	-1%	₹-67 Cr	-18.1%	-9.3%	-25.9%	263

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,092	1,301	1,234	1,045	1,173	1,242
COGS	-290	-567	839	721	777	806
Gross profit	—	—	395	324	396	436
	1,160	1,632	204	192	205	234
	222	235	191	131	191	202
OPM %	20.3%	18.1%	15.5%	12.6%	16.3%	16.3%
Depreciation	—	—	26	26	27	26
Interest	6	7	6	3	5	5
	6	12	15	21	26	22
Profit before tax	216	234	174	123	185	193
Tax	51	58	49	28	44	48
Tax %	23.9%	24.6%	28.4%	22.6%	23.8%	24.6%
	164	176	125	96	141	146
PAT margin %	15%	13.6%	10.1%	9.1%	12%	11.7%
EPS (₹)	385.7	424.5	299.9	229.9	339.1	87.7
EPS adjusted (₹)	96.5	106	74.9	57.4	84.7	87.7
	0.4%	0.4%	0.5%	0.7%	0.4%	0.6%
Annual report	—	Annual report for Mar 2022	—	Annual report for Mar 2024	—	—

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	4	4	4	4	4	4	4	8
Reserves	409	405	727	723	889	984	1,126	1,266
	—	—	—	—	28	80	85	1
	343	343	176	363	152	129	193	157
Total equity & liabilities	756	752	908	1,090	1,074	1,197	1,408	1,433
	150	203	191	228	225	230	230	246
CWIP	35	18	18	11	11	6	15	46
Investments	0	9	150	43	67	143	298	324
	570	522	549	807	771	818	865	816
Total assets	756	752	908	1,090	1,074	1,197	1,408	1,433

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	32%	31%	33.8%	35.1%

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

No shareholding data

Quarterly shareholding records haven't been ingested for this company.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Bharat Rasayan Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

18

Final dividend17 Sept 2026 · ex-date₹0.5
Final dividend12 Sept 2025 · ex-date₹1.5
Final dividend12 Sept 2024 · ex-date₹1.5
Final dividend6 Sept 2023 · ex-date₹1.5
Final dividend5 Sept 2022 · ex-date₹1.5
Final dividend6 Sept 2021 · ex-date₹1.5
Final dividend16 Sept 2020 · ex-date₹1.5
Final dividend17 Sept 2019 · ex-date₹1.5
Final dividend19 Sept 2018 · ex-date₹1.5
Dividend dividend19 Sept 2017 · ex-date₹1.5
Dividend dividend20 Sept 2016 · ex-date₹1.2
Dividend dividend16 Sept 2015 · ex-date₹1.5
Final dividend18 Sept 2014 · ex-date₹1
Dividend dividend18 Sept 2012 · ex-date₹1.2
Dividend dividend22 Sept 2011 · ex-date₹1.2
Dividend dividend12 Aug 2010 · ex-date₹1.8
Dividend dividend17 Sept 2009 · ex-date₹1
Dividend dividend22 Sept 2008 · ex-date₹1

1

Face value ₹10 → ₹512 Dec 2025 · ex-date

1

Bonus 1:112 Dec 2025 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

21 announcementsExport CSV

21 Sept 2026, 3:34 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	32%	31%	33.8%	35.1%

Date	Category	Subject	Filing
21 Sept 2026, 3:34 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
31 Aug 2026, 5:09 pm	Corp. Action Record Date	Fixes Record Date for Final Dividend	PDF
31 Aug 2026, 1:23 pm	Result Financial Results	Standalone & Consolidated Financial Results, Limited Review Report for June 30, 2026	PDF
30 Jul 2026, 3:44 pm	Board Meeting	Board Meeting Intimation for Results & Closure of Trading Window	PDF
24 Jun 2026, 11:18 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
9 May 2026, 11:33 am	Board Meeting	Board Meeting Intimation for Results & Closure of Trading Window	PDF
23 Mar 2026, 3:01 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	—
13 Feb 2026, 11:57 am	Result Financial Results	Standalone & Consolidated Financial Results, Limited Review Report for December 31, 2025	PDF

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	213	41	172	132
	-61	-90	-157	-96
	-152	49	-1	-89
Net cash flow	1	0	14	-53
Free cash flow	190	14	136	59
CFO / Operating profit %	108.1%	35%	98.4%	66.3%

Working capital
Receivable days	99	130	96	138	130	113

Leverage
Current ratio	—	—	4.64	4.6	4.19	7.78

Return ratios
Return on assets %	18.1%	16.2%	11.6%	8%	10%	10.2%

Bharat Rasayan Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

No shareholding data

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

18

1

1

Announcements

Not in the F&O segment

No shareholding data

18

1

1

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Bharat Rasayan Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

No shareholding data

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends18

Stock splits1

Bonus issues1

Announcements

Not in the F&O segment

No shareholding data

Dividends18

Stock splits1

Bonus issues1

No fund holdings on record

Announcements

Ratio timeline

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

18

1

1

18

1

1