543497
Bhatia Colour financials
- Market cap
- ₹41 Cr
- Sector
- Chemicals
What Bhatia Colour does
Bhatia Colour Chem Limited trades and manufactures textile chemicals, dyes and auxiliaries out of its Udhna (Surat, Gujarat) base, tracing its roots to the Bhatia Group's dye-trading business begun in 1975. Its product range spans value-added printing products such as foil binder and zari binder, glitter powder, powder chemicals, and plastic granules used in plastic packaging material and textile printing (on polyester, cotton and other fabrics). The company has consolidated group concerns Ravichem (a proprietorship) and Polychem Export (a partnership) under its corporate structure.
Segments
- Value Added Printing
- Glitter Powder
- Powder Chemical
- Plastic Granules
- Product categories
- 4 — Value Added Printing, Glitter Powder, Powder Chemical, Plastic Granules
- Manufacturing/trading base
- Single site at Udhna, Surat, Gujarat
- Group concerns integrated
- 2 — Ravichem (proprietorship) and Polychem Export (partnership)
Quarterly results
Q4 FY26: revenue up 36.1%, net profit down 50.0% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 50 | 61 | 54 | 61 | 59 +18% | 66 +8% | 72 +33% | 83 +36% |
| EBITDA | 4 | 4 | 3 | 4 | 4 +0% | 4 +0% | 5 +67% | 4 +0% |
| Net profit | 1 | 2 | 1 | 2 | 2 +100% | 2 +0% | 3 +200% | 1 −50% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −91.0% 1Y
1Y: ₹317 on 10 Sept 2025 → ₹28.44. High ₹429 (27 Oct 2025), low ₹23.1 (19 Aug 2026).
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹14 Cr | ₹14 Cr |
| Reserves | ₹44 Cr | ₹47 Cr | ₹50 Cr | ₹89 Cr | ₹90 Cr |
| Borrowings | ₹64 Cr | ₹20 Cr | ₹20 Cr | ₹9 Cr | ₹2 Cr |
| Other liabilities | ₹27 Cr | ₹34 Cr | ₹20 Cr | ₹37 Cr | ₹45 Cr |
| Total liabilities | ₹148 Cr | ₹113 Cr | ₹102 Cr | ₹149 Cr | ₹151 Cr |
| Fixed assets | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹148 Cr | ₹112 Cr | ₹101 Cr | ₹148 Cr | ₹149 Cr |
| Total assets | ₹148 Cr | ₹113 Cr | ₹102 Cr | ₹149 Cr | ₹151 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, promoters trimmed −6.19 pp while the public added +6.18 pp. The shareholder count grew 62% to 1,281.
- Promoters
- 39.7%
- Public
- 60.3%
Since Mar 2025
- Promoters −6.19 pp
- Public +6.18 pp
How it drifted, 10 quarters
Over this window promoters fell from 44.1% to 39.7% — −4.5 pp.
Ownership split by quarter, oldest first. Mar '22: Promoters 44.1%, Public 55.9%.Sep '22: Promoters 44.1%, Public 55.9%.Mar '23: Promoters 45.9%, Public 54.1%.Sep '23: Promoters 45.9%, Public 54.1%.Mar '24: Promoters 45.9%, Public 54.2%.Sep '24: Promoters 45.9%, Public 54.1%.Mar '25: Promoters 45.9%, Public 54.1%.May '25: Promoters 39.8%, Public 60.2%.Sep '25: Promoters 39.7%, Public 60.3%.Mar '26: Promoters 39.7%, Public 60.3%.
Who is on the register
Named in the Mar 2026 filing
Every holder of Bhatia Colour above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Bharat Brijlal Bhatia | 10.81% | unchanged |
| Rameshchand Chanduram Bhatia | 9.34% | unchanged |
| Rajeshkumar Liladhar Bhatia | 7.51% | unchanged |
| Madhu Brijlal Bhatia | 4.24% | unchanged |
| Sonal Bharat Bhatia | 4.24% | unchanged |
| Dhawal Rameshchandra Bhatia | 4.24% | unchanged |
| Reena Rameshchand Bhatia | 4.24% | unchanged |
| Vishal Sanjay Surana | 2.59% | unchanged |
| Ravi Ashokkumar Bhatia | 2.55% | unchanged |
| Suman Bansal | 1.87% | unchanged |
| Bnm Infra Private Limited | 0.00% | unchanged |
| Daksh Ravi Bhatia | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- -13.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse Bhatia Colour
Guides on how to read this kind of business and the numbers that matter.