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Bhageria Industries Ltd (BHAGERIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530803 NSE: BHAGERIA Dyes & Pigments | Small Cap | Bhageria Industries Share Price

₹203.85 33.95 (19.98%)

As on 05-Jun'26 16:59

Bhageria Industries Ltd (BHAGERIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530803 NSE: BHAGERIA Dyes & Pigments | Small Cap | Bhageria Industries Share Price

₹203.85 33.95 (19.98%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹742 Cr.
Current Price
₹203.9
52-Week Low / High
₹128 / 246
TTM EPS
₹11.5
TTM Sales
₹871 Cr.
Book Value per Share
₹137.6
P/E Ratio
14.74
Lower than its 5-year historical median
Industry PE
2.8
Price to Book (P/B)
1.24
Lower than its 5-year historical median
Price to Sales (P/S)
0.85
Lower than its 5-year historical median
EV/EBITDA
7.29
Lower than its 5-year historical median
Dividend Yield
1.03%
Profitability Efficiency
Return on Equity (ROE)
7.85%
Outperforms industry median
Return on Capital Employed (ROCE)
10.36%
Outperforms industry median
Return on Assets (ROA)
5.93%
Operating Profit Margin
14%
Net Profit Margin
7.08%
Gross Profit Margin
14.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
20.65%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
69.99%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
115.44%
Asset Quality
Promoter Holding
71.77%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹579 Cr.
Equity
₹21.8 Cr.
Face Value
₹5
All Time Low / High
₹0.50 / 328.55

Bhageria Industries stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Bhageria Industries Ltd a good quality company?
Bhageria Industries Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Bhageria Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Bhageria Industries Ltd vs industry peers?
Bhageria Industries Ltd revenue CAGR is 7.62%, compared to the industry median CAGR of 5.57%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Bhageria Industries Ltd?
Promoters hold 71.77% of the Bhageria Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Bhageria Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 15% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bhageria Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 28.4%26.5%17.4%29%20.3%18.2%19.2%4.5%5.3%10.4%-
Value Creation
Index
1.00.90.21.10.50.30.4-0.7-0.6-0.3-

Growth Parameters

Sales 238347367462414399596501495597871
Sales YoY Gr.-45.6%5.7%26.1%-10.5%-3.5%49.4%-15.9%-1.3%20.7%-
Adj EPS 4.712.111.51614.814.115.93.54.19.411.5
YoY Gr.-160%-4.6%38.5%-7.5%-4.4%12.7%-78.2%17%131.8%-
BVPS (₹) 24.383.39378.592.2103.5116.1115.6119127.7137.6
Adj Net
Profit
14.838.436.669.764.561.669.515.217.741.150
Cash Flow from Ops. 32.255.939.513758.862.584.912.933.752.6-
Debt/CF from Ops. 0.52.62.10.20.40.40.22.91.10.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 10.7%7.6%0.1%20.7%
Adj EPS 8.2%-8.6%-16.1%131.8%
BVPS20.2%6.7%3.2%7.3%
Share Price 17.7% 0.4% 15.8% 7.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
20.522.413.121.917.314.414.533.57.68.7
Op. Profit
Mgn %
11.21821.82723.625.919.510.98.814.110.7
Net Profit
Mgn %
6.211.11015.115.615.411.733.66.95.8
Debt to
Equity
0.20.60.30.10.10.100.10.10.10
Working Cap
Days
1059013812314217313316918918766
Cash Conv.
Cycle
4025433239605582988742

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales238347367462414399596501495597
Operating Expenses + 212285287338316296480449451523
Manufacturing Costs524337384142665574113
Material Costs146215218271244218373353334352
Employee Cost 4101313161920202124
Other Costs 10162014151723222234
Operating Profit 27628012598103116524474
Operating Profit Margin (%) 11.1%18.0%21.7%27.0%23.6%25.9%19.4%10.5%8.8%12.4%
Other Income + 21012564961717
Exceptional Items 0000000000
Interest 1264211312
Depreciation 362322232629343231
Profit Before Tax 246562104798195212758
Tax 82122331318256815
Profit After Tax 15434072666271152042
PAT Margin (%) 6.4%12.5%11.0%15.5%15.9%15.7%11.8%3.0%4.0%7.1%
Adjusted EPS (₹)4.813.712.716.415.114.316.23.54.59.7
Dividend Payout Ratio (%)26%18.30%21.70%18.30%19.90%24.50%24.80%29%22.20%15.50%

Valuation of Bhageria Industries - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 78265295342402451507504519557
Share Capital 88811222222222222
Reserves 70257287331380430485483498535
Debt +141448223212718373832
Long Term Debt6490000000
Short Term Debt81407323212718373832
Minority Interest0000000000
Trade Payables35345239523759406068
Others Liabilities 13967884667579556486
Total Liabilities 139539508490540590663636681744

Fixed Assets

Net Fixed Assets +23267297285329318392363345347
Gross Block37287340350417431534539553587
Accumulated Depreciation1520436588114142176208240
CWIP 4184151845081711
Investments 3331412368132423
Inventories19243119383865434449
Trade Receivables45528763789297127156184
Cash Equivalents 9110333610232418531
Others Assets 7375160646977638999
Total Assets 139539508490540590663636681744

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 325640137596285133453
PBT 246562104798195212758
Adjustment 202225212425351929
Changes in Working Capital 136-3131-27-22-6-35-1-17
Tax Paid -7-15-13-23-14-21-29-8-12-17
Cash Flow From Investing Activity + -27-17131-50-45-44-55-26-32-39
Capex -8-104-75-29-67-39-58-14-25-23
Net Investments -16-70100-2318-70-15-11-20
Others -3352323244
Cash Flow From Financing Activity + -11124-77-88-10-8-26-1-5-16
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0-15-11000000
Interest Paid -1-1-6-3-2-1-1-3-1-2
Dividend Paid -5-5-8-24-6-13-15-17-4-4
Others -4132-68-49-36-9191-10
Net Cash Flow -610-6-13104-15-3-2

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)21.2125.4114.4122.4317.6814.6314.722.983.837.85
ROCE (%)28.3826.4717.3629.0120.3418.1619.234.455.2510.36
Asset Turnover Ratio1.941.10.710.930.80.710.960.780.760.84
PAT to CFO Conversion(x)2.131.311.90.8911.20.871.71.26
Working Capital Days
Receivable Days63.4047.5068.2059.5062.4077.9057.6081.10103.80103.40
Inventory Days31.3020.7026.8019.602534.6031.3039.1031.8028.20
Payable Days79.7058.4072.1061.706873.8046.9051.2054.8066.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Bhageria Industries Ltd FAQs

The current trading price of Bhageria Industries on 05-Jun-2026 16:59 is ₹203.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Bhageria Industries stood at ₹741.5 Cr

The latest P/E ratio of Bhageria Industries as of 04-Jun-2026 is 14.74.

The latest P/B ratio of Bhageria Industries as of 04-Jun-2026 is 1.24.

The 52-week high of Bhageria Industries is ₹245.8 and the 52-week low is ₹128.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bhageria Industries is ₹871 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bhageria Industries Ltd is a average quality company.

The key valuation ratios of Bhageria Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Bhageria Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Bhageria Industries Ltd

Bhageria Dye-Chem was incorporated in 1989 with an objective to serve the dyes and intermediates industry all over the globe. The main business of the company is manufacturing and sale of chemicals, dyes, dye intermediates required for dye manufacturers. It is also engaged in the export of related items.

The company commenced its operations by setting up a Vinyl Sulphone Plant at Vapi in Gujarat having a capacity of 540 tonnes per annum (TPA) which has now been expanded to 3,600 TPA. Subsequently it has gone for further expansion in other dyes intermediates and dyestuffs.

 The company successfully incorporates the innovative trends, total quality management and proficiency in work process through advanced research and analysis. Bhageria has made significant strides in the field of dye intermediates and other related products since its inception.

Bhageria Dye exports nearly 70% of its production to countries like Korea, Japan, Taiwan, China, Germany, U.S.A and other European and African countries. Today Bhageria Dye Chem is one of the largest manufacturers and exporters of Intermediates and Dyes.

The company’s team of expert chemists and highly-efficient workman resorted to innovations, keeping in view the constant up gradations of quality and customer's demand, thus ensuring the product for optimal applications for a vast sphere of fields. Constant co-ordination with its customers has earned the reputation of customer-friendly company.

It has a well-organized research and development lab where continuous efforts have been made to produce new range of products and their processes. This department has been arduously working to provide value for money to the customers in keeping with market trends.

Each batch of production goes through strict quality checking in a move to provide its customers quality products and consistency.

Bhageria Dye-Chem aims to be the preffered, trusted and successful long term partner to its stake holders, clients, associates and employees

For this to happen the company plans to stay viable and relevant through practical innovation and continuous focus on efficient and consistent execution.

Business activities of the company:

  • Manufacturing and exporting of Dyes and intermediates.
  • Sourcing and exporting various pharmaceutical products (APIs and FFs).
  • Sourcing of various Bulk chemicals.

Product Range:

The company manufactures the below:

  • Pharmaceutical - Active Pharmaceutical Ingredients, Pharmaceuticals Intermediates and Pharmaceutical Packing Materials
  • Speciality Products - Chloroperoxybenzoic Acid. It is currently developing Benzophenone,  Meta chloro per benzoic Acid and 4 – Hydroxy Benzophenone.
  • Dye Stuff - Acid Dyes, Direct Dyes and Reactive Dyes
  • Pigments
  • Agro Chemicals
  • Dyes Intermediates
  • New products - Para base Ester , Ortho Anicidine Vinyl Sulphone, Para Crisidine Vinyl Sulphone (P.C.V.S), Vinyl Sulphone (Para Amino base) and Sulpho Vinyl Sulphone (Sulpho V.S). 
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