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Bharat Rasayan Ltd

₹ 2,172-1.34%
05 Jan – close price
🔗bharatgroup.co.in•BSE: 590021•NSE: BHARATRAS
Market Cap₹ 3,611 Cr.
Current Price₹ 2,172
High / Low₹ 3,030
Stock P/E26.0
Book Value₹ 708
Dividend Yield0.02 %
ROCE14.3 %
ROE11.1 %
Face Value₹ 5.00
Sales₹ 1,226 Cr.
OPM15.4 %
Mar Cap₹ 3,611 Cr.

ABOUT

Bharat Rasayan Ltd is engaged in manufacturing Technical Grade Pesticides and Intermediates used in the agro-chemical industry. It was incorporated in 1989.[1]

KEY POINTS

Product PortfolioThe company has a leading market position in many technical and intermediate products, includingLambda Cyhalothrin Technical, Metaphenoxy Benzaldehyde, Metribuzine Technical, Thiamethoxam (Insecticides), Fipronil (Insecticides), etc.It has also added new products likeFluxametamide, Tolfenpyrad Technical, Diuron Technical, etc. Top 10 products account for 66% of total sales.[1]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsCapacity Expansion And ProductsJv Partnerships AcquisitionsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.UPL805.1028.6267895.590.75612.00209.9112019.008.387.6647715.0017.152372.46484.102.130.950.94
2.P I Industries3263.6032.7449514.720.49409.30-19.461872.30-15.7022.867460.7027.181512.50409.304.5714.460.02
3.Sumitomo Chemi.479.4044.2823929.050.25177.90-6.78914.44-5.8625.143249.7420.16540.43177.907.4913.910.02
4.Bayer Crop Sci.4562.7033.6820505.732.74152.7012.031553.40-10.6024.805571.8013.37608.90152.706.5611.560.03
5.Sharda Cropchem847.8516.937649.341.0674.3575.22929.1119.5916.504671.7816.40451.8174.312.866.840.00
6.Rallis India269.9530.745249.690.93102.00-0.39861.00-7.2210.122770.0011.84170.7797.622.564.150.03
7.Dhanuka Agritech1146.9018.465170.030.1793.97-20.04598.25-8.5628.292013.8320.12280.0193.973.3517.270.02
8.Bharat Rasayan2172.4026.033610.760.0226.16-34.84285.96-12.7814.331226.2915.35138.7226.163.078.990.08
–Median: 24 Co.313.5530.741815.680.1619.01.1402.15.3812.951300.3911.1437.3218.882.545.360.29

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
309233256239282377306310307292263328286
Expenses
258205215234244304247240266256248273253
Operating Profit
5228426387359694036155533
Other Income
64726-8-31163479
Profit before tax
4924411375848733831125435
Tax %
26%27%27%46%27%25%32%23%25%26%34%25%24%
Net Profit
371730127443356282384026
EPS in Rs
22.0310.4117.890.4416.1426.3019.6433.6817.1413.884.6324.1915.76

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
3604384516187929891,2131,0911,3011,2341,0441,1711,226
Expenses
2963553705086348029838511,0491,0379269961,038
Operating Profit
648281111159188230240252197118175188
Other Income
1112411461615212615
Interest
17181312121616476355
Depreciation
18181716161722262526262727
Profit before tax
30485284135155205216235180109169171
Net Profit
203234559811215816417713182125128
EPS in Rs
11.8518.6819.9332.0857.8365.6092.7396.75106.7078.8149.1675.3677.09
Dividend Payout %
2%2%2%1%1%1%0%0%0%0%1%0%–

Compounded Profit Growth

10 Years:14%
5 Years:-6%
3 Years:-13%
TTM:-1%

Compounded Sales Growth

10 Years:10%
5 Years:-1%
3 Years:-3%
TTM:6%

Return on Equity

10 Years:20%
5 Years:16%
3 Years:12%
Last Year:11%

Stock Price CAGR

10 Years:23%
5 Years:-2%
3 Years:-3%
1 Year:-11%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
4444444444444
Reserves
781091421962944055607247688979781,1021,172
Borrowings
143140111115128247945817428808590
Other Liabilities
828269547710094122142152129193168
Total Liabilities
3073353263695047567529081,0871,0821,1921,3851,435
Fixed Assets
142137136131148150203191228225230230223
Gross Block
184.59196.76212.98224.73256.99275.76351.69365.10426.69448.73479.95503.76–
Accumulated Depreciation
42.3260.1477.2693.69109.27125.62148.45174.21198.82224.17249.72274.26–
CWIP
12117351818111161525
Investments
0302000091514575137275276
Other Assets
164167169237349570522549803771818865910
Total Assets
3073353263695047567529081,0871,0821,1921,3851,435

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
2960471629-52263170-6521341172
Cash from Investing Activity
-25-41-58-31-46-53-14964-43-76-148
Cash from Financing Activity
-3-19-43-242102-169-40-25-15249-1
Net Cash Flow
1-0-1-00440-19-26181423

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
61667171102103759913096138131
Inventory Days
105737175661127090120141135136
Days Payable
584832172524173330333767
Cash Conversion Cycle
10891110129143191128156221204236200
Working Capital Days
34143266879694114136165199170
ROCE %
22%27%25%34%39%32%34%31%28%20%11%14%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters
74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%
FIIs
0.39%0.34%0.35%0.35%0.34%0.34%0.35%0.46%0.45%0.49%0.56%0.47%0.43%
DIIs
2.60%2.57%2.57%2.57%2.57%2.57%2.59%2.64%2.60%2.75%2.74%2.75%2.52%
Public
22.02%22.10%22.09%22.09%22.09%22.09%22.07%21.90%21.96%21.77%21.71%21.79%22.06%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Bharat Rasayan Reports Q3 FY26 Results: Standalone PAT Up 14.5%, Consolidated PAT Up 43.6% YoY

13th February 2026, 5:27 pm

Bharat Rasayan Announces Board Meeting for Q3 FY26 Results Approval, Trading Window Closure

30th January 2026, 5:42 pm

Bharat Rasayan Announces Board Meeting for Q3 FY26 Results Approval, Trading Window Closure

30th January 2026, 5:41 pm

Bharat Rasayan Ltd.: Director Rajender Prasad Gupta Re-designated to Non-Executive Director; SEBI LODR Compliance

19th January 2026, 10:37 pm

Bharat Rasayan Approves Stock Split & Bonus Issue, Reports Mixed Q2/H1 FY2026 Results Amidst Strong FY25 Performance and Balance Sheet

26th December 2025, 9:25 pm

Published by Other Websites

External media mentions & references

Budget 2026 Hype: Agri, Defence Stocks Face Sell-Off

27th January 2026, 1:09 pm

Big Moves Today! 6 Indian Stocks Set for Splits, Bonuses & Buybacks: Are YOU Affected?

12th December 2025, 9:04 am

Investor Alert: Stocks in Play Today With Major Corporate Updates!

12th December 2025, 7:11 am

Bharat Rasayan Stuns Investors: Mega Stock Split & 1:1 Bonus Issue Announced!

4th December 2025, 2:25 pm

Bharat Rasayan Unleashes Shareholder Reward: Stock Split & Bonus Issue Announced! Dates Inside!

3rd December 2025, 6:01 pm

News Articles

Editorial & research coverage

Budget 2026 Hype: Agri, Defence Stocks Face Sell-Off
Budget 2026 Hype: Agri, Defence Stocks Face Sell-Off

27th January 2026, 1:09 pm

Big Moves Today! 6 Indian Stocks Set for Splits, Bonuses & Buybacks: Are YOU Affected?
Big Moves Today! 6 Indian Stocks Set for Splits, Bonuses & Buybacks: Are YOU Affected?

12th December 2025, 9:04 am

Investor Alert: Stocks in Play Today With Major Corporate Updates!
Investor Alert: Stocks in Play Today With Major Corporate Updates!

12th December 2025, 7:11 am

Bharat Rasayan Stuns Investors: Mega Stock Split & 1:1 Bonus Issue Announced!
Bharat Rasayan Stuns Investors: Mega Stock Split & 1:1 Bonus Issue Announced!

4th December 2025, 2:25 pm

Bharat Rasayan Investor Alert! Record Date For BIG Bonus & Stock Split Is Here - Are You Ready?
Bharat Rasayan Investor Alert! Record Date For BIG Bonus & Stock Split Is Here - Are You Ready?

3rd December 2025, 2:44 pm

Documents

Announcements

Closure of Trading Window
Allotment of Bonus Equity Shares

15 Dec - Allotted 83,10,536 bonus shares (1:1) on Dec 15, 2025; record date Dec 12, 2025; post-paid capital ₹8,31,05,360.

Fixes Record Date for Stock Split & Bonus Issue

3 Dec 2025 - Record date Dec 12, 2025: 2-for-1 stock split and 1:1 bonus up to 83,10,536 shares.

Outcome of Board Meeting
Details of Voting Results of the Extra Ordinary General Meeting - Regulation 44(3) of the SEBI (LODR) Regulations, 2015

Annual Reports

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from web)

Financial Year 2020

(from bse)

Financial Year 2019

(from web)

Financial Year 2018

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from bse)

Financial Year 2010

(from bse)

Financial Year 2010

(from nse)

Credit Ratings

Rating update

18 Dec from care

Rating update

9 Dec 2024 from care

Rating update

4 Apr 2024 from care

Rating update

27 Dec 2023 from care

Rating update

3 Jan 2023 from care

Rating update

25 May 2022 from care

Concalls

No concalls.

Stock Analysis

Description

  1. Bharat Rasayan Limited is a key player in the Indian agrochemical industry, manufacturing technical grade pesticides and intermediates.

Key Growth Triggers

  1. The company holds a leading market position in various technical and intermediate products.
  2. It continuously adds new products to its portfolio, catering to demand within the agrochemical sector.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Historically weak sales growth over the last five years (-0.71%).
  2. A long cash conversion cycle (200 days as of Mar 2025).
  3. Recent declines in quarterly revenue and profits (Q2 FY2025-26 standalone).

Key Dates To Watch

  1. December 12, 2025: Record date for stock split and bonus share issuance.
  2. December 15, 2025: Allotment of bonus equity shares.

Corporate Announcements

13th Feb 26
Impact Rating: 8
For the third quarter, standalone revenue grew 5.5% YoY to ₹27,046 Lakhs with PAT up 14.5% to ₹3,399 Lakhs. Consolidated PAT surged 43.6% YoY to ₹4,003 Lakhs.
30th Jan 26
Impact Rating: 3
The Board of Directors of Bharat Rasayan Limited will convene on February 12, 2026, to approve the Un-Audited Financial Results for the quarter and nine months ended December 31, 2025.
30th Jan 26
Impact Rating: 3
The Board of Directors of Bharat Rasayan Limited will convene on February 12, 2026, to approve the Un-Audited Financial Results for the quarter and nine months ended December 31, 2025.
19th Jan 26
Impact Rating: 2
Bharat Rasayan Ltd. disclosed the re-designation of Shri Rajender Prasad Gupta from Executive to Non-Executive Director, effective Jan 19, 2026.
26th Dec 25
Impact Rating: 8
Bharat Rasayan's board approved a 1:2 stock split and 1:1 bonus issue, set for December 2025. The company reported a strong FY25 annual performance but mixed results for Q2/H1 FY2026.