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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

₹228.50 10.85 (4.99%)

As on 23-Jul'26 16:01

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

₹228.50 10.85 (4.99%)

As on 23-Jul'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹950 Cr.
Current Price
₹228.5
52-Week Low / High
₹128 / 246
TTM EPS
₹17
TTM Sales
₹997 Cr.
Book Value per Share
₹137.6
P/E Ratio
12.79
Lower than its 5-year historical median
Industry PE
3
Price to Book (P/B)
1.58
Higher than its 5-year historical median
Price to Sales (P/S)
0.95
Lower than its 5-year historical median
EV/EBITDA
7.11
Lower than its 5-year historical median
Dividend Yield
1.09%
Profitability Efficiency
Return on Equity (ROE)
8.69%
Outperforms industry median
Return on Capital Employed (ROCE)
11.68%
Outperforms industry median
Return on Assets (ROA)
6.65%
Operating Profit Margin
10.7%
Net Profit Margin
5.77%
Gross Profit Margin
11.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
45.93%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
18.35%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
19%
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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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Strong
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 :

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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 26.5%17.4%29%20.3%18.2%19.2%4.5%5.3%10.4%11.7%-
Value Creation
Index
0.90.21.10.50.30.4-0.7-0.6-0.3-0.2-

Growth Parameters

Sales 347367462414399596501495597871997
Sales YoY Gr.-5.7%26.1%-10.5%-3.5%49.4%-15.9%-1.3%20.7%45.9%-
Adj EPS 12.111.51614.814.115.93.54.19.411.417
YoY Gr.--4.6%38.5%-7.5%-4.4%12.7%-78.2%17%131.8%21.5%-
BVPS (₹) 83.39378.592.2103.5116.1115.6119127.7137.6137.6
Adj Net
Profit
38.436.669.764.561.669.515.217.741.149.974
Cash Flow from Ops. 55.939.513758.862.584.912.933.752.6102-
Debt/CF from Ops. 2.62.10.20.40.40.22.91.10.60.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 10.8%16.9%20.2%45.9%
Adj EPS -0.6%-4.1%48.8%21.5%
BVPS5.7%5.9%6%7.8%
Share Price 15.1% -4.4% 14.1% 14.7%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
22.413.121.917.314.414.533.57.68.612.4
Op. Profit
Mgn %
1821.82723.625.919.510.98.814.110.711.5
Net Profit
Mgn %
11.11015.115.615.411.733.66.95.77.4
Debt to
Equity
0.60.30.10.10.100.10.10.10-
Working Cap
Days
9013812314217313316918918714766
Cash Conv.
Cycle
2543323960558298876142

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales347367462414399596501495597871
Operating Expenses + 285287338316296480449451523784
Manufacturing Costs433738414266557411394
Material Costs215218271244218373353334352634
Employee Cost 10131316192020212428
Other Costs 16201415172322223428
Operating Profit 62801259810311652447488
Operating Profit Margin (%) 18.0%21.7%27.0%23.6%25.9%19.4%10.5%8.8%12.4%10.1%
Other Income + 101256496171714
Exceptional Items 0000000000
Interest 2642113122
Depreciation 6232223262934323132
Profit Before Tax 656210479819521275868
Tax 212233131825681518
Profit After Tax 43407266627115204250
PAT Margin (%) 12.5%11.0%15.5%15.9%15.7%11.8%3.0%4.0%7.1%5.8%
Adjusted EPS (₹)13.712.716.415.114.316.23.54.59.711.5
Dividend Payout Ratio (%)18.30%21.70%18.30%19.90%24.50%24.80%29%22.20%15.50%21.70%

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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 265295342402451507504519557600
Share Capital 881122222222222222
Reserves 257287331380430485483498535579
Debt +14482232127183738328
Long Term Debt4900000000
Short Term Debt14073232127183738328
Minority Interest0000000000
Trade Payables34523952375940606874
Others Liabilities 96788466757955648686
Total Liabilities 539508490540590663636681744768

Fixed Assets

Net Fixed Assets +267297285329318392363345347344
Gross Block287340350417431534539553587616
Accumulated Depreciation20436588114142176208240272
CWIP 18415184508171117
Investments 3141236813242325
Inventories24311938386543444956
Trade Receivables528763789297127156184159
Cash Equivalents 1103336102324185315
Others Assets 375160646977638999163
Total Assets 539508490540590663636681744768

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 5640137596285133453102
PBT 656210479819521275868
Adjustment 0222521242535192932
Changes in Working Capital 6-3131-27-22-6-35-1-1721
Tax Paid -15-13-23-14-21-29-8-12-17-18
Cash Flow From Investing Activity + -17131-50-45-44-55-26-32-39-37
Capex -104-75-29-67-39-58-14-25-23-34
Net Investments -70100-2318-70-15-11-20-6
Others 3523232443
Cash Flow From Financing Activity + 124-77-88-10-8-26-1-5-16-62
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -15-110000000
Interest Paid -1-6-3-2-1-1-3-1-2-2
Dividend Paid -5-8-24-6-13-15-17-4-4-7
Others 132-68-49-36-9191-10-53
Net Cash Flow 10-6-13104-15-3-23

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)25.4114.4122.4317.6814.6314.722.983.837.858.69
ROCE (%)26.4717.3629.0120.3418.1619.234.455.2510.3611.68
Asset Turnover Ratio1.10.710.930.80.710.960.780.760.841.16
PAT to CFO Conversion(x)1.311.90.8911.20.871.71.262.04
Working Capital Days
Receivable Days47.5068.2059.5062.4077.9057.6081.10103.80103.4071.30
Inventory Days20.7026.8019.602534.6031.3039.1031.8028.2021.80
Payable Days58.4072.1061.706873.8046.9051.2054.8066.6040.90

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 23-Jul-2026 16:01 is ₹228.5.

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 22-Jul-2026 the market cap of Bhageria Industries stood at ₹949.9 Cr

The latest P/E ratio of Bhageria Industries as of 22-Jul-2026 is 12.79.

The latest P/B ratio of Bhageria Industries as of 22-Jul-2026 is 1.58.

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 ₹997 ( 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 Fair 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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