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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

₹316.10 13.95 (4.62%)

As on 11-Sep'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

₹316.10 13.95 (4.62%)

As on 11-Sep'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹1,319 Cr.
Current Price
₹316.1
52-Week Low / High
₹128 / 347
TTM EPS
₹15.8
TTM Sales
₹1,003 Cr.
Book Value per Share
₹144.6
P/E Ratio
19.12
In line with its 5-year historical median
Industry PE
3.8
Price to Book (P/B)
2.09
Higher than its 5-year historical median
Price to Sales (P/S)
1.31
In line with its 5-year historical median
EV/EBITDA
10.75
Higher than its 5-year historical median
Dividend Yield
0.79%
Profitability Efficiency
Return on Equity (ROE)
7.70%
Return on Capital Employed (ROCE)
10.05%
Return on Assets (ROA)
5.46%
Operating Profit Margin
10.4%
Net Profit Margin
5.09%
Gross Profit Margin
10.7%
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)
Improving versus 3-year growth rate
19.74%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
14.99%
Asset Quality
Promoter Holding
71.77%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹609 Cr.
Equity
₹21.8 Cr.
Face Value
₹5
All Time Low / High
₹0.50 / 346.90

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 16.90%, compared to the industry median CAGR of 5.89%, 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 12.4% 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 (₹) 83.39378.592.2103.5116.1115.6119127.7137.6145.8
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 12.9% 5.2% 23.9% 53.8%

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
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

Valuation of Bhageria Industries - Consolidated

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!

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 (%)

Financials

PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales414402601501494595874
Operating Expenses + 316298485449451523788
Manufacturing Costs414366557411394
Material Costs244220377353334352638
Employee Cost 16192020212428
Other Costs 15172322223428
Operating Profit 9810411652437286
Operating Profit Margin (%) 23.6%25.8%19.4%10.4%8.7%12.1%9.8%
Other Income + 6496171712
Exceptional Items 0000000
Interest 2124233
Depreciation 23262934323133
Profit Before Tax 79819520265462
Tax 131825681517
Profit After Tax 66637115193944
PAT Margin (%) 15.9%15.6%11.7%2.9%3.8%6.5%5.1%
Adjusted EPS (₹)15.114.416.23.44.49.310.6
Dividend Payout Ratio (%)19.90%24.40%24.70%29.60%22.90%16.20%23.70%
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 402452507506522558597
Share Capital 22222222222222
Reserves 380430485484501536575
Debt +213135384745101
Long Term Debt00013376
Short Term Debt21313537444225
Minority Interest0000-0-2-4
Trade Payables52375240606874
Others Liabilities 667579555480110
Total Liabilities 540596673639683750879

Fixed Assets

Net Fixed Assets +329318392363345349383
Gross Block417431534539553588655
Accumulated Depreciation88114142176208240273
CWIP 1845081711117
Investments 36813242324
Inventories38386543444956
Trade Receivables7895104127156187159
Cash Equivalents 102326217317
Others Assets 6471786391101133
Total Assets 540596673639683750879
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 59587628234999
PBT 79819520265462
Adjustment 21242535193033
Changes in Working Capital -27-26-16-20-11-1821
Tax Paid -14-21-29-8-12-17-18
Cash Flow From Investing Activity + -45-44-58-23-33-43-141
Capex -67-39-58-14-25-23-143
Net Investments 18-7-3-12-12-25-3
Others 3233445
Cash Flow From Financing Activity + -10-3-14-165-946
Net Proceeds from Shares 0000000
Net Proceeds from Borrowing 0000000
Interest Paid -2-1-2-4-2-2-2
Dividend Paid -6-13-15-17-4-4-7
Others -3113511-355
Net Cash Flow 3104-11-5-33
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)16.3614.6814.732.93.67.167.7
ROCE (%)18.9718.1318.954.45.059.7210.05
Asset Turnover Ratio0.770.710.950.770.750.841.08
PAT to CFO Conversion(x)0.890.921.071.871.211.262.25
Working Capital Days
Receivable Days6978.8060.1083.50104104.5071.50
Inventory Days33.6034.4031.1039.1031.8028.3021.70
Payable Days77.1073.6042.9047.3054.8066.7040.80

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Announcements

Bhageria Industries Ltd FAQs

The current trading price of Bhageria Industries on 11-Sep-2026 16:01 is ₹316.1.

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 10-Sep-2026 the market cap of Bhageria Industries stood at ₹1,318.7 Cr

The latest P/E ratio of Bhageria Industries as of 10-Sep-2026 is 17.76.

The latest P/B ratio of Bhageria Industries as of 10-Sep-2026 is 2.07.

The 52-week high of Bhageria Industries is ₹346.9 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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