BN Agrochem Ltd.

•

₹ 239.951.05%

2026-08-21

bn-holdings.comBSE: 526125NSE: BNAGROCHEM

Market Cap₹ 2,337 Cr.

Current Price₹ 237

High / Low₹ 395 / 221

Stock P/E136.9

Book Value₹ 48

Price to Book2.75

Dividend Yield0.00 %

ROCE11.2 %

ROE10.2 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company maintains a comfortable, low leverage position

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
Company has a low return on capital employed of -1981.0%
A large part of profit comes from other income (313.1% of PBT)
Recent results are weak - TTM profit is down 77.7% versus prior year
Promoter holding has decreased over last 2 years: -52.7pp

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

Peer comparison

EDIT COLUMNS

Fast Moving Consumer GoodsAgriSolvent Extraction

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	GAEL	173.35	19.11	7951.06	0.17	176.77	171.87	1594.22	23.47	12.43	14.55
2.	BNAGROCHEM	239.00	136.87	2336.77	0.00	29.80	48.38	2576.08	1167.05	11.17	2.29
3.	SHANTI	6.28	0.00	6.97	0.00	0.03	-84.34	0.00	-100.00	-12.05	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	0	0	0	7	0	0	85	21	20	22	19	26	2,576
	0	1	1	8	1	4	77	25	18	22	21	26	2,524
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	0	0	0	0	0	0	6	6	0	0	1	0	0
Interest	0	0	0	0	1	3	3	0	0	0	0	0	5
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	2
	-0	-1	-1	-1	-2	-6	11	2	2	0	-1	0	52
Tax %	-0.00%	-0.00%	-0.00%	-0.00%	13.90%	11.39%	9.34%	9.96%	13.37%	-3045.61%	15.88%	24.16%	42.88%
Net Profit	0	0	0	0	-2	-6	10	2	2	2	-1	0	30
	-0	-1	-1	-1	-2	-6	10	0	0	0	-0	0	0
Equity Capital	10	10	10	10	10	10	10	10	10	10	10	10	978
Reserves	-11	22	62	61	59	71	52	29	31	35	34	37	3,716
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	10	10	10	10	10	10	10	10	10	10	10	10	978
Reserves	-11	22	62	61	59	71	52	29	31	35	34	37	3,716
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 0
: 0
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: -0
Tax %: -0.00%
Net Profit: 0
: -0
Equity Capital: 10
Reserves: -11
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: -11
Promoter Pledge %: 0.00%

Sep 2023

: 0
: 1
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: -1
Tax %: -0.00%
Net Profit: 0
: -1
Equity Capital: 10
Reserves: 22
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 22
Promoter Pledge %: 0.00%

Dec 2023

: 0
: 1
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: -1
Tax %: -0.00%
Net Profit: 0
: -1
Equity Capital: 10
Reserves: 62
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 62
Promoter Pledge %: 0.00%

Mar 2024

: 7
: 8
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: -1
Tax %: -0.00%
Net Profit: 0
: -1
Equity Capital: 10
Reserves: 61
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 61
Promoter Pledge %: 0.00%

Jun 2024

: 0
: 1
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 0
: -2
Tax %: 13.90%
Net Profit: -2
: -2
Equity Capital: 10
Reserves: 59
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 59
Promoter Pledge %: 0.00%

Sep 2024

: 0
: 4
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 3
Depreciation: 0
: -6
Tax %: 11.39%
Net Profit: -6
: -6
Equity Capital: 10
Reserves: 71
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 71
Promoter Pledge %: 0.00%

Dec 2024

: 85
: 77
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 3
Depreciation: 0
: 11
Tax %: 9.34%
Net Profit: 10
: 10
Equity Capital: 10
Reserves: 52
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 52
Promoter Pledge %: 0.00%

Mar 2025

: 21
: 25
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 0
Depreciation: 0
: 2
Tax %: 9.96%
Net Profit: 2
: 0
Equity Capital: 10
Reserves: 29
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 29
Promoter Pledge %: 0.00%

Jun 2025

: 20
: 18
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 2
Tax %: 13.37%
Net Profit: 2
: 0
Equity Capital: 10
Reserves: 31
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 31
Promoter Pledge %: 0.00%

Sep 2025

: 22
: 22
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: -3045.61%
Net Profit: 2
: 0
Equity Capital: 10
Reserves: 35
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 35
Promoter Pledge %: 0.00%

Dec 2025

: 19
: 21
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 0
: -1
Tax %: 15.88%
Net Profit: -1
: -0
Equity Capital: 10
Reserves: 34
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 34
Promoter Pledge %: 0.00%

Mar 2026

: 26
: 26
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: 0
Tax %: 24.16%
Net Profit: 0
: 0
Equity Capital: 10
Reserves: 37
Promoter Pledge %: 0.00%
Equity Capital: 10
Reserves: 37
Promoter Pledge %: 0.00%

Jun 2026

: 2,576
: 2,524
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 5
Depreciation: 2
: 52
Tax %: 42.88%
Net Profit: 30
: 0
Equity Capital: 978
Reserves: 3,716
Promoter Pledge %: 0.00%
Equity Capital: 978
Reserves: 3,716
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	TTM
	0	7	299	928
	0	10	337	933
Operating Profit	-0	-3	31	—
OPM %	—	-43	10	—
Other Income	0	0	68	9
Interest	0	0	9	2
Depreciation	0	0	0	1
	-0	-3	22	2
Tax %	0	0	9	-956
Net Profit	-0	-3	20	17
EPS	-0	-3	2	—
Dividend Payout %	0	0	0	—
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	-0	-3	2	—
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	-0	-3	2	—

Mar 2023

: 0
: 0
Operating Profit: -0
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 0
: -0
Tax %: 0
Net Profit: -0
EPS: -0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0

Mar 2024

: 7
: 10
Operating Profit: -3
OPM %: -43
Other Income: 0
Interest: 0
Depreciation: 0
: -3
Tax %: 0
Net Profit: -3
EPS: -3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -3

Mar 2025

: 299
: 337
Operating Profit: 31
OPM %: 10
Other Income: 68
Interest: 9
Depreciation: 0
: 22
Tax %: 9
Net Profit: 20
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

TTM

: 928
: 933
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 2
Depreciation: 1
: 2
Tax %: -956
Net Profit: 17
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 3%
Last Year:: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-
Equity Capital	10	10	98
	-10	-14	294
	0	0	39
Trade Payables	0	0	171
	1	76	61
Total Liabilities	0	72	662
ASSETS	-	-	-
	0	0	1
	0	72	72
	0	0	289
Cash & Bank	0	0	7
	0	0	293
Total Assets	0	72	662
Total Debt	1	1	82
Net Working Capital	0	0	72
Contingent Liabilities	0	0	0
Book Value per Share	-0.56	-3.72	40.03
Face Value	10.00	10.00	10.00
Total Debt	1	1	82
Net Working Capital	0	0	72
Contingent Liabilities	0	0	0
Book Value per Share	-0.56	-3.72	40.03
Face Value	10.00	10.00	10.00

Mar 2023

Equity Capital: 10
: -10
: 0
Trade Payables: 0
: 1
Total Liabilities: 0
: 0
: 0
: 0
Cash & Bank: 0
: 0
Total Assets: 0
Total Debt: 1
Net Working Capital: 0
Contingent Liabilities: 0
Book Value per Share: -0.56
Face Value: 10.00
Total Debt: 1
Net Working Capital: 0
Contingent Liabilities: 0
Book Value per Share: -0.56
Face Value: 10.00

Mar 2024

Equity Capital: 10
: -14
: 0
Trade Payables: 0
: 76
Total Liabilities: 72
: 0
: 72
: 0
Cash & Bank: 0
: 0
Total Assets: 72
Total Debt: 1
Net Working Capital: 0
Contingent Liabilities: 0
Book Value per Share: -3.72
Face Value: 10.00
Total Debt: 1
Net Working Capital: 0
Contingent Liabilities: 0
Book Value per Share: -3.72
Face Value: 10.00

Mar 2025

Equity Capital: 98
: 294
: 39
Trade Payables: 171
: 61
Total Liabilities: 662
: 1
: 72
: 289
Cash & Bank: 7
: 293
Total Assets: 662
Total Debt: 82
Net Working Capital: 72
Contingent Liabilities: 0
Book Value per Share: 40.03
Face Value: 10.00
Total Debt: 82
Net Working Capital: 72
Contingent Liabilities: 0
Book Value per Share: 40.03
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
	-0	-3	-31
Cash from Investing	0	-72	-290
Cash from Financing	0	75	328
	0	0	6
Free Cash Flow	-0	-3	-33
OCF / Net Profit	0.61	0.99	-1.58
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	0.61	0.99	-1.58
Cumulative 5-Year FCF	0	0	0

Mar 2023

: -0
Cash from Investing: 0
Cash from Financing: 0
: 0
Free Cash Flow: -0
OCF / Net Profit: 0.61
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.61
Cumulative 5-Year FCF: 0

Mar 2024

: -3
Cash from Investing: -72
Cash from Financing: 75
: 0
Free Cash Flow: -3
OCF / Net Profit: 0.99
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.99
Cumulative 5-Year FCF: 0

Mar 2025

: -31
Cash from Investing: -290
Cash from Financing: 328
: 6
Free Cash Flow: -33
OCF / Net Profit: -1.58
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.58
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-
EPS (₹)	-0.37	-3.16	2.12
Book Value (₹)	-0.56	-3.72	40.03
Dividend per Share (₹)	0.00	0.00	0.00
Cash EPS (₹)	-0.37	-3.16	2.03
PROFITABILITY	-	-	-
Operating Margin %	0.00%	-43.48%	-12.43%
Net Margin %	0.00%	-44.09%	6.60%
ROE %	0.00%	0.00%	10.19%
ROCE %	-5945.76%	-8.53%	11.17%
	-1905.67%	-8.63%	5.38%
EFFICIENCY	-	-	-
Debtor Days	0	0	352
Inventory Days	0	0	0
Payable Days	0	1	111
	0	-1	241
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	-1.01x	-0.33x	0.21x
Interest Coverage (x)	-18.56x	-71.67x	3.46x
	1.10x	3.49x	1.32x
GROWTH	-	-	-
Revenue Growth %	0.00%	0.00%	4124.13%
Operating Profit Growth %	0.00%	-1425.74%	1093.01%
Net Profit Growth %	0.00%	-745.28%	732.18%
	0.00%	-745.60%	167.05%
VALUATION	-	-	-
P/E (x)	0.00x	0.00x	52.04x
P/B (x)	0.00x	-48.43x	2.75x
Dividend Yield %	0.00%	0.00%	0.00%
	0.00x	-58.09x	37.66x

Mar 2023

EPS (₹): -0.37
Book Value (₹): -0.56
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.37
Operating Margin %: 0.00%
Net Margin %: 0.00%
ROE %: 0.00%
ROCE %: -5945.76%
: -1905.67%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): -1.01x
Interest Coverage (x): -18.56x
: 1.10x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): -3.16
Book Value (₹): -3.72
Dividend per Share (₹): 0.00
Cash EPS (₹): -3.16
Operating Margin %: -43.48%
Net Margin %: -44.09%
ROE %: 0.00%
ROCE %: -8.53%
: -8.63%
Debtor Days: 0
Inventory Days: 0
Payable Days: 1
: -1
Debt to Equity (x): -0.33x
Interest Coverage (x): -71.67x
: 3.49x
Revenue Growth %: 0.00%
Operating Profit Growth %: -1425.74%
Net Profit Growth %: -745.28%
: -745.60%
P/E (x): 0.00x
P/B (x): -48.43x
Dividend Yield %: 0.00%
: -58.09x

Mar 2025

EPS (₹): 2.12
Book Value (₹): 40.03
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.03
Operating Margin %: -12.43%
Net Margin %: 6.60%
ROE %: 10.19%
ROCE %: 11.17%
: 5.38%
Debtor Days: 352
Inventory Days: 0
Payable Days: 111
: 241
Debt to Equity (x): 0.21x
Interest Coverage (x): 3.46x
: 1.32x
Revenue Growth %: 4124.13%
Operating Profit Growth %: 1093.01%
Net Profit Growth %: 732.18%
: 167.05%
P/E (x): 52.04x
P/B (x): 2.75x
Dividend Yield %: 0.00%
: 37.66x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	58.60	58.60	55.23	5.93	5.93	5.93	5.93	5.93	5.93
	0.00	0.00	0.22	0.02	0.00	0.00	0.00	0.00	0.00
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
	41.40	41.40	44.54	94.04	94.07	94.07	94.07	94.07	94.07

Jun 2024

: 58.60
: 0.00
DIIs: 0.00
Government: 0.00
: 41.40

Sep 2024

: 58.60
: 0.00
DIIs: 0.00
Government: 0.00
: 41.40

Dec 2024

: 55.23
: 0.22
DIIs: 0.00
Government: 0.00
: 44.54

Mar 2025

: 5.93
: 0.02
DIIs: 0.00
Government: 0.00
: 94.04

Jun 2025

: 5.93
: 0.00
DIIs: 0.00
Government: 0.00
: 94.07

Sep 2025

: 5.93
: 0.00
DIIs: 0.00
Government: 0.00
: 94.07

Dec 2025

: 5.93
: 0.00
DIIs: 0.00
Government: 0.00
: 94.07

Mar 2026

: 5.93
: 0.00
DIIs: 0.00
Government: 0.00
: 94.07

Jun 2026

: 5.93
: 0.00
DIIs: 0.00
Government: 0.00
: 94.07

Documents

Announcements

Nothing filed yet.

Annual Reports

Credit Ratings

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Concalls

Nothing filed yet.