Bhageria Industries Ltd.

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bhageriagroup.comBSE: 530803NSE: BHAGERIA

Market Cap₹ 1,377 Cr.

Current Price

High / Low₹ 342 / 128

Stock P/E18.5

Book Value₹ 146

Price to Book0.93

Dividend Yield0.79 %

ROCE11.7 %

ROE8.7 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Chemicals: 95.2% • Solar Power: 3.1% • Others: 1.2%

AI Sector View

AI GENERATED

Chemicals

Hold

The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.

Confidence

55%

View full sector analysis →

PROS

Company is almost debt free
Latest quarter profit grew 199.8% YoY, showing strong momentum
Company has delivered good sales growth of 16.9% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.68x)
Working capital cycle has improved - days down from 131 to 83
Company comfortably covers its interest (33.2x coverage)

CONS

Company has a low return on equity of 6.8% over last 3 years
Company has a low return on capital employed of 9.1%
Company has delivered a poor profit growth of -4.2% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsDyes & Pigments

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	SUDARSCHEM	1249.75	137.43	9950.05	0.40	103.40	88.00	2642.10	5.39	5.99	10.29
2.	KIRIINDUS	537.65	0.60	3503.76	0.00	290.70	186.82	312.36	54.54	110.39	11.71
3.	BODALCHEM	172.00	31.54	2166.24	0.00	30.38	218.67	709.04	56.11	6.71	9.72
4.	VIDHIING	334.05	31.34	1668.41	0.90	17.12	34.74	146.28	66.42	18.83	17.78
5.	SHREEPUSHK	484.50	21.74	1566.76	0.43	229.26	993.95	2800.66	1000.43	11.81	11.40
6.	BHAGERIA	315.55	19.97	1377.19	0.79	33.91	211.60	286.42	81.88	10.05	14.68
7.	ULTRAMAR	428.40	13.57	1250.93	1.40	31.59	56.46	239.96	30.14	11.10	18.95
8.	SUDARCOLOR	376.55	2.86	869.15	0.00	20.36	19.13	222.39	5.54	11.00	11.51
9.	PODDARMENT	280.70	19.54	297.82	1.43	46.47	1015.73	901.30	887.64	5.83	5.95
10.	DYNPRO	233.20	14.26	289.83	0.64	5.19	7.92	86.43	-6.99	11.27	14.60
11.	HPIL	125.70	92.48	143.60	0.00	0.25	-86.19	26.76	-38.75	6.36	2.88
12.	ISHANCH	43.77	0.00	119.51	0.00	0.15	-48.33	41.48	154.63	4.08	8.10

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	98	103	112	183	113	129	172	184	158	205	242	267	284
	91	94	98	168	101	116	143	153	140	181	222	236	252
Operating Profit	6	8	14	15	12	14	28	31	18	24	20	31	32
OPM %	6.34%	8.17%	12.54%	8.24%	10.34%	10.54%	16.39%	16.61%	11.55%	11.49%	8.33%	11.70%	11.14%
	4	4	6	4	5	3	-2	1	7	2	3	-3	17
Interest	1	0	0	0	1	0	0	0	1	0	0	0	1
Depreciation	8	8	8	8	7	8	8	8	8	8	8	8	8
Profit before Tax	1	4	12	10	8	9	18	23	17	17	15	20	48
Tax %	11.64%	28.35%	27.99%	30.96%	26.84%	23.46%	26.85%	28.12%	27.47%	27.35%	19.76%	27.95%	25.73%
Net Profit	1	3	8	7	6	7	13	17	12	12	12	14	36
	0.30	0.65	1.91	1.65	1.40	1.54	2.96	3.78	2.75	2.79	2.75	3.23	8.24

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	347	367	462	414	399	596	501	495	597	871	997
	285	287	338	316	296	480	449	451	523	784	891
Operating Profit	62	80	125	98	103	116	52	44	74	88	107
OPM %	17.98%	21.69%	27.01%	23.57%	25.86%	19.45%	10.46%	8.83%	12.44%	10.09%	10.68%
	10	12	5	6	4	9	6	17	17	14	19
Interest	2	6	4	2	1	1	3	1	2	2	2
Depreciation	6	23	22	23	26	29	34	32	31	32	32
Profit before Tax	65	62	104	79	81	95	21	27	58	68	100
Tax %	33.02%	35.36%	31.38%	16.21%	22.70%	25.90%	27.35%	28.27%	26.82%	25.88%	25.54%
Net Profit	43	40	72	66	62	71	15	20	42	50	74
EPS	0.00	0.00	0.00	0.00	14.31	16.15	3.45	4.50	9.68	11.52	—
Dividend Payout %	18.27%	21.65%	18.31%	19.89%	24.46%	24.76%	29.00%	22.24%	15.49%	21.69%	—

COMPOUNDED SALES GROWTH

10 Years:: 14%
5 Years:: 17%
3 Years:: 20%

COMPOUNDED PROFIT GROWTH

10 Years:: 13%
5 Years:: -4%
3 Years:: 50%

STOCK PRICE CAGR

10 Years:: 13%
5 Years:: 5%
3 Years:: 26%
1 Year:: 53%

RETURN ON EQUITY

10 Years:: 13%
5 Years:: 8%
3 Years:: 7%
Last Year:: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	8	8	11	22	22	22	22	22	22	22
	257	287	331	380	430	485	483	498	535	579
	145	84	23	21	27	23	42	43	46	24
Trade Payables	34	52	39	52	37	59	40	60	68	74
	95	77	84	66	75	74	49	58	73	70
Total Liabilities	539	508	490	540	590	663	636	681	744	768
	267	297	285	329	318	392	363	345	347	344
Capital Work in Progress	18	4	15	18	45	0	8	17	11	17
	31	4	12	3	6	8	13	24	23	25
	24	31	19	38	38	65	43	44	49	56
	0	0	0	0	0	0	0	156	184	159
Cash & Bank	110	33	36	10	23	24	18	5	31	5
	89	139	123	143	161	175	190	89	99	163
Total Assets	539	508	490	540	590	663	636	681	744	768

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	71	53	160	73	83	114	21	34	53	102
Cash from Investing	-171	31	-50	-45	-44	-55	-26	-32	-39	-37
Cash from Financing	124	-77	-88	-10	-8	-26	-1	-5	-16	-62
	10	-6	-1	3	10	4	-15	-3	-2	3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	71.75	71.75	71.75	71.75	71.75	71.75	71.75	71.77	71.77
	0.00	0.21	0.00	0.02	0.02	0.13	0.94	0.44	0.05
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	28.25	28.05	28.25	28.23	28.23	28.13	27.32	27.79	28.18

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-01

Shareholders meeting

2026-08-01 - Bhageria Industries Limited has informed the Exhas informed the Exchange regarding Voting Result.change , a copy of Scrutinizer report of 37th Annual General Meeting held on Saturday, 1st August 2026. Further the Company

2026-08-01

Shareholders meeting

2026-08-01 - Bhageria Industries Limited has informed the Exchange regarding proceeding of Annual General Meeting held on Saturday, 1st August, 2026

2026-07-30

General Updates

2026-07-30 - Bhageria Industries Limited has informed the Exchange about General Updates

2026-07-23

General Updates

2026-07-23 - Bhageria Industries Limited has informed the Exchange about General Updates

2026-07-22

Outcome of Board Meeting

2026-07-22 - Bhageria Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-16

General Updates

2026-07-16 - Bhageria Industries Limited has informed the Exchange about Intimation of Board Meeting

2026-07-10

General Updates

2026-07-10 - Bhageria Industries Limited has informed the Exchange about Letter sent to Shareholders Pursuant to Regulation 36(1)(B)of SEBI (LODR) Regulations, 2015

2026-07-10

General Updates

2026-07-10 - Bhageria Industries Limited has informed the Exchange about Intimation for publication of post advertisement of 37th Annual General Meeting of the Company

2026-07-09

Updates

2026-07-09 - Bhageria Industries Limited has informed the Exchange regarding 'Notice of 37th Annual General Meeting along with Integrated Annual Report of the Company for the Financial Year 2025-26'.

News

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