BHARATRAS

Bharat Rasayan share price & financials

Price
₹1,422.3
Market cap
₹1.9k Cr
Sector
Chemicals

What Bharat Rasayan Limited does

Bharat Rasayan Limited manufactures agrochemical (crop-protection) products for the Indian agriculture sector. It operates manufacturing units at Mokhra in Rohtak district, Haryana and at Dahej in Bharuch district, Gujarat, with a third unit under construction at Dahej (Gujarat). The company is part of the promoter-led Bharat Group and earns revenue by manufacturing and selling crop-protection products, including transactions with affiliated agrochemical companies such as B R Agrotech Limited and Bharat Certis Agriscience Limited.

Manufacturing units (operational)
2 — Mokhra, Haryana and Dahej, Gujarat
Manufacturing units under construction
1 — Dahej-3, Gujarat
Manufacturing states
Haryana and Gujarat
Founded 1989Headquarters New Delhi, India Company website

Quarterly results

Q1 FY27: revenue down 10.3%, net profit down 15.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue328 256 307 377 286 −13%270 +5%308 +0%338 −10%
EBITDA55 42 40 73 33 −40%43 +2%50 +25%51 −30%
Net profit40 30 28 44 26 −35%34 +13%39 +39%37 −16%
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 −88.7% 1Y

₹2k₹4k₹6k₹8k₹10k₹12kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹10,215 on 10 Sept 2025 → ₹1,157.9. High ₹11,768 (24 Oct 2025), low ₹1,157.9 (11 Sept 2026).

Financials, as filed

Revenue grew 0.2% a year over 3 years, FY23 to FY26. Operating margin held at 16.0%.

Year endingFY23FY24FY25FY26
Revenue₹1.2k Cr₹1.0k Cr₹1.2k Cr₹1.2k Cr
Operating profit₹199 Cr₹118 Cr₹175 Cr₹199 Cr
Operating margin16.1%11.3%14.9%16.0%
Interest₹6 Cr₹3 Cr₹4 Cr₹4 Cr
Depreciation₹26 Cr₹25 Cr₹26 Cr₹26 Cr
Net profit₹132 Cr₹82 Cr₹125 Cr₹143 Cr
Net margin10.7%7.8%10.7%11.5%
Cash from operations₹213 Cr₹41 Cr₹172 Cr₹132 Cr
Free cash flow₹191 Cr₹14 Cr₹137 Cr₹59 Cr
ROCE20.0%11.0%14.0%16.0%
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹4 Cr₹4 Cr₹4 Cr₹4 Cr₹4 Cr₹8 Cr
Reserves₹724 Cr₹768 Cr₹897 Cr₹978 Cr₹1.2k Cr₹1.2k Cr
Borrowings₹58 Cr₹174 Cr₹28 Cr₹80 Cr₹90 Cr₹1 Cr
Other liabilities₹122 Cr₹142 Cr₹152 Cr₹129 Cr₹168 Cr₹157 Cr
Total liabilities₹908 Cr₹1.1k Cr₹1.1k Cr₹1.2k Cr₹1.4k Cr₹1.4k Cr
Fixed assets₹191 Cr₹228 Cr₹225 Cr₹230 Cr₹223 Cr₹246 Cr
Capital work in progress₹18 Cr₹11 Cr₹11 Cr₹6 Cr₹25 Cr₹46 Cr
Investments₹151 Cr₹45 Cr₹75 Cr₹137 Cr₹276 Cr₹298 Cr
Other assets₹549 Cr₹803 Cr₹771 Cr₹818 Cr₹910 Cr₹816 Cr
Total assets₹908 Cr₹1.1k Cr₹1.1k Cr₹1.2k Cr₹1.4k Cr₹1.4k 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, the public added +0.90 pp while DIIs trimmed −0.74 pp. The shareholder count grew 43% to 22,445.

Promoters
75.0%
FIIs
0.4%
DIIs
2.0%
Public
22.6%

Since Jun 2025

  • Public +0.90 pp
  • DIIs −0.74 pp
  • FIIs −0.15 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 0.3%, DIIs 2.6%, Public 22.1%.Dec '23: Promoters 75.0%, FIIs 0.3%, DIIs 2.6%, Public 22.1%.Mar '24: Promoters 75.0%, FIIs 0.3%, DIIs 2.6%, Public 22.1%.Jun '24: Promoters 75.0%, FIIs 0.3%, DIIs 2.6%, Public 22.1%.Sep '24: Promoters 75.0%, FIIs 0.5%, DIIs 2.6%, Public 21.9%.Dec '24: Promoters 75.0%, FIIs 0.5%, DIIs 2.6%, Public 22.0%.Mar '25: Promoters 75.0%, FIIs 0.5%, DIIs 2.8%, Public 21.8%.Jun '25: Promoters 75.0%, FIIs 0.6%, DIIs 2.7%, Public 21.7%.Sep '25: Promoters 75.0%, FIIs 0.5%, DIIs 2.8%, Public 21.8%.Dec '25: Promoters 75.0%, FIIs 0.4%, DIIs 2.5%, Public 22.1%.Mar '26: Promoters 75.0%, FIIs 0.5%, DIIs 2.1%, Public 22.3%.Jun '26: Promoters 75.0%, FIIs 0.4%, DIIs 2.0%, Public 22.6%.

Who was buying across the market this quarter →

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.

The same filing shows 4 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Bharat Rasayan Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Sat Narain Gupta 23.76%−0.07 pp
Rajender Prasad Gupta 11.61%unchanged
Mahabir Prasad Gupta 9.97%unchanged
S N Gupta And Sons HUF 8.40%unchanged
Ritesh Stock Broking Private Limited 4.76%unchanged
Vikas Gupta 4.58%unchanged
Weldon Fincap Private Limited 3.70%unchanged
Centum Finance Limited 3.21%unchanged
BRL Finlease Limited 2.83%+0.12 pp
Savita Gupta 2.70%unchanged
Rajesh Gupta 1.95%unchanged
PGIM India Trustees Private Limited A/C PGIM India Midcap Fund Mutual fund1.89%−0.09 pp

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

Expensive

To justify its price of ₹1158, this stock must grow earnings at 7% every year for 7 years. Our analysis caps realistic growth at ~3%. At that growth it is worth ₹893 — downside of 23%.

Growth the price implies
7.5% a year
for 7 years, fading to 4%
It has actually compounded at
2.7% a year
net profit, FY23–FY26
The gap
0.0 pp
-23% downside if it only repeats history
Price today ₹1,157.9 Value at the reference growth ₹893.29

Change the assumptions yourself →

Learn to analyse Bharat Rasayan Limited

Guides on how to read this kind of business and the numbers that matter.