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    Bharat Rasayan Limited

    Agrochemical maker producing crop-protection actives and formulations from plants in Haryana and Gujarat.

    Chemicals
    Commodities
    ₹1,422.3
    -0.88% from avg

    Overview

    Price

    ₹1,422.3

    Market Cap

    ₹2.1k Cr

    Sector

    Chemicals

    Commodities

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital44444448
    Reserves5607247688979781.1k1.2k1.2k
    Borrowings9458174288085901
    Other Liabilities94122142152129193168157
    Total Liabilities7529081.1k1.1k1.2k1.4k1.4k1.4k
    AssetsFixed Assets203191228225230230223246
    CWIP181811116152546
    Investments91514575137275276298
    Other Assets522549803771818865910816
    Total Assets7529081.1k1.1k1.2k1.4k1.4k1.4k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-52263170-6521341172132
    Cash from Investing-46-53-14964-43-76-148-96
    Cash from Financing102-169-40-25-15249-1-89
    SummaryCapital Expenditure
    Free Cash Flow-100204160-1211911413759
    FCF Margin

    Valuation

    Assumptions

    Current — BHARATRAS
    Price
    ₹1,422
    EPS (TTM)
    ₹86.05
    PE (TTM)
    16.5
    Profit growth
    2.7%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (132.8×) and current (16.5×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,422
    vs
    Fair value · 15% return
    ₹695
    51%Overvalued

    At 2.7% growth and a 17× exit, ₹1422 only delivers your return if you pay ₹695. The price is currently baking in 17% growth.

    EPS grows 2.7%/yr for 5 years, then fades to 6% over 2, exits at 17×.

    YearGrowthEPS (₹)
    FY272.7%88.37
    FY282.7%90.76
    FY292.7%93.21
    FY302.7%95.73
    FY312.7%98.31
    FY324.3% ·fade102.59
    FY336.0% ·fade108.74

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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