Bhagiradha Chemicals & Industries share price & results
- Jun 2026
- Sept 2026
Hyderabad-based agrochemical maker of insecticides, herbicides, fungicides and intermediates with deep backward integration.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 195 | +57.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 16.0 | +9.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 13.0 | +225.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 4.06 | +0.1 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -27.61 | +40.8 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 33.70 | +14.0 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −19.1% 1Y
1Y: ₹248.55 on 24 Oct 2025 → ₹200.98. High ₹301.25 (9 Jul 2026), low ₹171.47 (30 Mar 2026).
- Previous close
- ₹193.72
- Market cap
- ₹2.5k Cr
- 52-week range
- ₹171.47 – ₹301.25
- One year
- −20.67%
- Price to earnings (TTM to Jun 2026)
- 89.71×
- Return on equity (TTM to Jun 2026)
- 4.06%
Overview
- Symbol
- NSE:BHAGCHEM
- Sector
- Chemicals
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What Bhagiradha Chemicals & Industries Limited does
Based on the company's own presentations, annual report and earnings calls.
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
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +225% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 104 | 103 | 123 | 124 | 140 | 114 | 158 | 195 |
| Expenses | 94 | 94 | 117 | 115 | 125 | 100 | 139 | 164 |
| Operating profit | 10 | 9 | 6 | 9 | 15 | 14 | 19 | 31 |
| Operating margin | 9.0% | 9.0% | 5.0% | 7.0% | 11.0% | 12.0% | 12.0% | 16.0% |
| Other income | 3 | 2 | 1 | 1 | 0 | 1 | 1 | 2 |
| Interest | 2 | 2 | 2 | 3 | 4 | 3 | 7 | 6 |
| Depreciation | 3 | 4 | 4 | 4 | 4 | 5 | 8 | 8 |
| Profit before tax | 8 | 6 | 2 | 2 | 8 | 6 | 5 | 18 |
| Tax rate | 30.0% | 35.0% | 140.0% | −59.0% | 27.0% | 27.0% | 15.0% | 24.0% |
| Net profit | 5 | 4 | -1 | 4 | 6 | 5 | 4 | 13 |
| EPS (₹ per share) | 0.44 | 0.29 | -0.07 | 0.31 | 0.42 | 0.36 | 0.31 | 1.03 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 502 | 407 | 441 | 536 |
| Expenses | 425 | 365 | 404 | 479 |
| Operating profit | 77 | 42 | 37 | 57 |
| Other income | 1 | 2 | 8 | 3 |
| Interest | 5 | 8 | 7 | 17 |
| Depreciation | 10 | 12 | 14 | 21 |
| Profit before tax | 64 | 28 | 26 | 21 |
| Net profit | 45 | 18 | 14 | 19 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 8 | 10 | 10 | 13 | 13 | 13 |
| Reserves | 182 | 303 | 403 | 669 | 677 | 685 |
| Borrowings | 81 | 50 | 62 | 89 | 189 | 235 |
| Other liabilities | 71 | 83 | 101 | 162 | 161 | 187 |
| Total liabilities | 342 | 447 | 576 | 933 | 1,040 | 1,120 |
| Fixed assets | 157 | 173 | 214 | 245 | 256 | 580 |
| Capital work in progress | 5 | 28 | 68 | 289 | 377 | 96 |
| Investments | 0 | 0 | 38 | 0 | 0 | 0 |
| Other assets | 181 | 246 | 256 | 399 | 406 | 445 |
| Total assets | 342 | 447 | 576 | 933 | 1,040 | 1,120 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 4 | 7 | 14 | 34 | -53 | 12 |
| Cash from investing | -21 | -17 | -60 | -116 | -201 | -160 |
| Cash from financing | 15 | 12 | 46 | 88 | 272 | 136 |
| Net cash flow | -2 | 2 | 1 | 7 | 18 | -12 |
| Free cash flow | -17 | -10 | -46 | -45 | -302 | -148 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 68 | 81 | 94 | 96 | 144 | 139 |
| Inventory days | 97 | 91 | 108 | 168 | 173 | 161 |
| Days payable | 89 | 73 | 69 | 98 | 125 | 152 |
| Cash conversion cycle | 76 | 99 | 132 | 166 | 193 | 148 |
| Working capital days | 21 | 32 | 90 | 94 | 124 | 117 |
| Return on capital employed | 20.0% | 25.0% | 22.0% | 8.0% | 5.0% | 5.0% |
| Dividend payout | 0.0% | 7.0% | 9.0% | 6.0% | 14.0% | 11.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
MANFACTURIMG OF AGRO CHEMICALS contributes 100.0% of reported segment revenue.
Quarter ended 30 Jun 2020 · Standalone
- MANFACTURIMG OF AGRO CHEMICALS 100.0%
₹61.37 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| MANFACTURIMG OF AGRO CHEMICALS | 61.37 | 100.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹61.37 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹61.37 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
What the price assumes
Growth trapTo justify its price of ₹201, this stock must grow earnings at 45% every year for 7 years. Our analysis caps realistic growth at ~-25%. At that growth it is worth ₹5 — downside of 97%.
- Growth the price implies
- 44.7% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -25.1% a year
- net profit, FY23–FY26
- The gap
- 0.7 pp
- -97% downside if it only repeats history
Ownership
Who owns it
Public hold 77.32% as of Sept 2026; institutions cut 0.01 pts since Jun 2026.
- Promoters 19.60%
- Foreign institutions 0.08%
- Domestic institutions 3.01%
- Public 77.32%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- +0.24 pp 2.90% held
- +0.08 pp 3.15% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Bhagiradha Chemicals & Industries Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 14.07% | unchanged | |
| 12.90% | unchanged | |
| 4.68% | unchanged | |
| 4.27% | unchanged | |
| 3.68% | unchanged | |
| 3.32% | unchanged | |
| 3.15% | +0.08 pp | |
| 2.90% | +0.24 pp | |
| 2.29% | unchanged | |
| 2.18% | unchanged | |
| 2.09% | unchanged | |
| 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.
Your own record
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