BHAGCHEM
Bhagiradha Chemicals & Industries share price & financials
- Price
- ₹279.26
- Market cap
- ₹3.4k Cr
- Sector
- Chemicals
What Bhagiradha Chemicals & Industries Limited does
Bhagiradha Chemicals & Industries manufactures technical-grade crop protection chemicals - insecticides, herbicides, fungicides and specialty intermediates - at its Ongole (Andhra Pradesh) plant, and is commissioning a second, larger facility in Kadechur, Karnataka through wholly-owned subsidiary Bheema Fine Chemicals. It earns by selling these active ingredients and intermediates to domestic and international agrochemical companies, supported by in-house R&D that develops backward-integrated, off-patent molecules to improve cost position and margins. Exports reach regulated and emerging markets across the Americas, Europe, Australia and Asia.
Segments
- Insecticides & Intermediates
- Herbicide & Intermediates
- Fungicide & Intermediates
- Manufacturing facilities
- 2 (Ongole, Andhra Pradesh - existing; Kadechur, Karnataka - upcoming, via subsidiary Bheema Fine Chemicals)
- Installed capacity - existing Andhra Pradesh plant
- 3,250 MT per annum
- Installed capacity - upcoming Karnataka plant
- 9,002 MT per annum
- Active ingredients, intermediates & formulations
- 32 established products
- Production blocks (Andhra Pradesh plant)
- 3 blocks with 4 process lines
- Production blocks (Karnataka plant, proposed)
- 2 blocks with 5 process lines
Quarterly results
Q1 FY27: revenue up 57.3%, net profit up 225.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 104 | 103 | 123 | 124 | 140 +35% | 114 +11% | 158 +28% | 195 +57% |
| EBITDA | 10 | 9 | 6 | 9 | 15 +50% | 14 +56% | 19 +217% | 31 +244% |
| Net profit | 5 | 4 | -1 | 4 | 6 +20% | 5 +25% | 4 +500% | 13 +225% |
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 −3.4% 1Y
1Y: ₹267.85 on 10 Sept 2025 → ₹258.75. High ₹301.25 (9 Jul 2026), low ₹171.47 (30 Mar 2026).
Financials, as filed
Revenue grew 2.2% a year over 3 years, FY23 to FY26. Operating margin narrowed to 10.6%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹502 Cr | ₹407 Cr | ₹441 Cr | ₹536 Cr |
| Operating profit | ₹77 Cr | ₹42 Cr | ₹37 Cr | ₹57 Cr |
| Operating margin | 15.4% | 10.3% | 8.4% | 10.6% |
| Interest | ₹5 Cr | ₹8 Cr | ₹7 Cr | ₹17 Cr |
| Depreciation | ₹10 Cr | ₹12 Cr | ₹14 Cr | ₹21 Cr |
| Net profit | ₹45 Cr | ₹18 Cr | ₹14 Cr | ₹19 Cr |
| Net margin | 9.0% | 4.4% | 3.2% | 3.5% |
| Cash from operations | ₹14 Cr | ₹34 Cr | ₹-53 Cr | ₹12 Cr |
| Free cash flow | ₹-46 Cr | ₹-45 Cr | ₹-302 Cr | ₹-148 Cr |
| ROCE | 22.0% | 8.0% | 5.0% | 5.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹8 Cr | ₹8 Cr | ₹10 Cr | ₹10 Cr | ₹13 Cr | ₹13 Cr |
| Reserves | ₹147 Cr | ₹182 Cr | ₹303 Cr | ₹403 Cr | ₹677 Cr | ₹685 Cr |
| Borrowings | ₹62 Cr | ₹81 Cr | ₹50 Cr | ₹62 Cr | ₹189 Cr | ₹235 Cr |
| Other liabilities | ₹55 Cr | ₹71 Cr | ₹83 Cr | ₹101 Cr | ₹161 Cr | ₹187 Cr |
| Total liabilities | ₹273 Cr | ₹342 Cr | ₹447 Cr | ₹576 Cr | ₹1.0k Cr | ₹1.1k Cr |
| Fixed assets | ₹152 Cr | ₹157 Cr | ₹173 Cr | ₹214 Cr | ₹256 Cr | ₹580 Cr |
| Capital work in progress | ₹2 Cr | ₹5 Cr | ₹28 Cr | ₹68 Cr | ₹377 Cr | ₹96 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹38 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹119 Cr | ₹181 Cr | ₹246 Cr | ₹256 Cr | ₹406 Cr | ₹445 Cr |
| Total assets | ₹273 Cr | ₹342 Cr | ₹447 Cr | ₹576 Cr | ₹1.0k Cr | ₹1.1k 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 Jun 2026
Since Jun 2025, promoters trimmed −0.15 pp while DIIs added +0.11 pp. The shareholder count shrank 6% to 13,043.
- Promoters
- 19.6%
- FIIs
- 0.1%
- DIIs
- 3.0%
- Public
- 77.3%
Since Jun 2025
- Promoters −0.15 pp
- DIIs +0.11 pp
- FIIs +0.05 pp
How it drifted, 12 quarters
Over this window promoters fell from 23.5% to 19.6% — −3.9 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 23.5%, FIIs 0.1%, Public 76.4%.Dec '23: Promoters 23.5%, FIIs 0.2%, Public 76.3%.Mar '24: Promoters 23.5%, FIIs 0.2%, Public 76.3%.Jun '24: Promoters 20.3%, FIIs 0.2%, DIIs 3.1%, Public 76.4%.Sep '24: Promoters 20.3%, FIIs 0.1%, DIIs 3.1%, Public 76.4%.Dec '24: Promoters 20.3%, FIIs 0.2%, DIIs 3.1%, Public 76.5%.Mar '25: Promoters 19.8%, FIIs 0.0%, DIIs 2.9%, Public 77.3%.Jun '25: Promoters 19.8%, FIIs 0.1%, DIIs 2.9%, Public 77.3%.Sep '25: Promoters 19.6%, FIIs 0.1%, DIIs 2.9%, Public 77.5%.Dec '25: Promoters 19.6%, FIIs 0.2%, DIIs 3.0%, Public 77.2%.Mar '26: Promoters 19.6%, FIIs 0.1%, DIIs 3.0%, Public 77.2%.Jun '26: Promoters 19.6%, FIIs 0.1%, DIIs 3.0%, Public 77.3%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Babukhan Legacy Management Llp +0.16 pp 2.09% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Bhagiradha Chemicals & Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ratnabali Investment Private Limited | 14.07% | unchanged |
| Singavarapu Chandrasekhar | 12.90% | unchanged |
| Emerald Company Private Limited | 4.68% | unchanged |
| R Venkata Narayana | 4.27% | unchanged |
| Greenpath Energy Private Limited | 3.68% | unchanged |
| Derive Trading And Resorts Private Limited | 3.32% | unchanged |
| Aayushman Rajesh Nuwal | 3.07% | unchanged |
| Genesis Advertising Private Limited | 2.66% | unchanged |
| Dipesh K Shroff | 2.29% | unchanged |
| Mount Intra Finance Private Limited | 2.18% | unchanged |
| Babukhan Legacy Management Llp | 2.09% | +0.16 pp |
| Agrocel Industries Private Limited | 1.95% | 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 trapTo justify its price of ₹259, this stock must grow earnings at 50% every year for 7 years. Our analysis caps realistic growth at ~-25%. At that growth it is worth ₹5 — downside of 98%.
- Growth the price implies
- 50.4% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -25.1% a year
- net profit, FY23–FY26
- The gap
- 0.8 pp
- -98% downside if it only repeats history
Learn to analyse Bhagiradha Chemicals & Industries Limited
Guides on how to read this kind of business and the numbers that matter.