Bhagiradha Chemicals & Industries Ltd - Stock Valuation and Financial Performance

BSE: 531719 | NSE: BHAGCHEM | Pesticides & Agrochemicals | Small Cap

Bhagiradha Chem Share Price

1,611 47.30 3.02%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Bhagiradha Chem

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Bhagiradha Chemicals & Industries stock performance -

mw4me loader
P/E Ratio (SA):
76.20
Market Cap:
1,676.3 Cr.
52-wk low:
1,100
52-wk high:
1,850

Is Bhagiradha Chemicals & Industries Ltd an attractive stock to invest in?

1. Is Bhagiradha Chemicals & Industries Ltd a good quality company?

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

2. Is Bhagiradha Chemicals & Industries Ltd undervalued or overvalued?

The key valuation ratios of Bhagiradha Chemicals & Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Bhagiradha Chemicals & Industries Ltd a good buy now?

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

10 Year X-Ray of Bhagiradha Chem:

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.
Bhagiradha Chemicals & 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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.3%5.4%0.8%4.3%6.6%14.2%4.7%14.5%17.3%15.6%-
Value Creation
Index
-0.6-0.6-1.0-0.7-0.50.0-0.70.00.20.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 176221152203183384246318436502419
Sales YoY Gr.-26.1%-31.5%33.9%-9.6%109.5%-36%29.4%37.1%15.3%-
Adj EPS 3.23.4-6.5-0.24.819.34.723.837.844.221.1
YoY Gr.-5%-294.9%NANA305%-75.7%409.4%58.4%17.1%-
BVPS (₹) 8385.68088.7111.8135.1139.4164.3200.5302.5311.5
Adj Net
Profit
1.81.9-3.8-0.14.218.34.422.635.84622
Cash Flow from Ops. 3.31.4187.7-26.848.948.23.56.712.9-
Debt/CF from Ops. 15.9513.48.3-2.310.917.6123.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.4%22.3%26.9%15.3%
Adj EPS 33.9%56.2%111.4%17.1%
BVPS15.5%22%29.5%50.9%
Share Price 50.9% 30.1% 54% 39.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
3.94-7.9-0.25.515.93.415.720.718.26.9
Op. Profit
Mgn %
6.14.82.65.66.310.86.914.815.715.511.3
Net Profit
Mgn %
1.10.9-2.5-0.12.34.81.87.18.29.25.3
Debt to
Equity
1.11.41.31.30.60.40.30.40.40.2-
Working Cap
Days
15415926420428014917611312414987
Cash Conv.
Cycle
56541016095467054659348

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 26.90%

Net Profit is growing at healthy rate in last 3 years 111.39%

Return on Equity has declined versus last 3 years average to 6.90%

Sales growth is not so good in last 4 quarters at -19.31%

Latest Financials - Bhagiradha Chemicals & Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 21.1 19.6
TTM Sales (₹ Cr.) 419 419
BVPS (₹.) 311.5 308.8
Reserves (₹ Cr.) 314 311
P/BV 5.17 5.22
PE 76.20 82.19
From the Market
52 Week Low / High (₹) 1100.00 / 1849.95
All Time Low / High (₹) 3.51 / 1849.95
Market Cap (₹ Cr.) 1,676
Equity (₹ Cr.) 10.4
Face Value (₹) 10
Industry PE 33.6

Management X-Ray of Bhagiradha Chem:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Bhagiradha Chem

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales175221152203183384246318436502
Operating Expenses 165211148191172343229271367424
Manufacturing Costs32323036324539455973
Material Costs120163101138126273157199273310
Employee Cost 891011111518182227
Other Costs 577631015101315
Operating Profit 1111411124117476878
Operating Profit Margin (%) 6.1%4.8%2.6%5.6%6.3%10.8%6.9%14.8%15.7%15.5%
Other Income 1112112112
Interest 4677785895
Depreciation 53443578910
Exceptional Items 0000-802100
Profit Before Tax 23-53-6299325165
Tax 01-22-411291619
Profit After Tax 23-31-1187233646
PAT Margin (%) 1.1%1.1%-2.1%0.5%-0.7%4.8%2.6%7.4%8.2%9.2%
Adjusted EPS (₹)3.44.4-5.61.7-1.519.36.924.737.944.6
Dividend Payout Ratio (%)26%20%0%0%0%9%0%0%7%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 4849465199128132156190315
Share Capital 55558888810
Reserves 4344414692120124147182304
Minority Interest0000000000
Debt51705859544239587645
Long Term Debt132017101277191017
Short Term Debt38504149433532396629
Trade Payables34656177668324465559
Others Liabilities 9121415151928132228
Total Liabilities 142195179202235271224273342446

Fixed Assets

Gross Block7886104110118152191205218242
Accumulated Depreciation31343842424653616978
Net Fixed Assets4852666977106138145149164
CWIP 91600044136
Investments 00000008942
Inventories326372106975856506891
Trade Receivables344928173684116097129
Cash Equivalents 1111434133
Others Assets1714121022171081311
Total Assets 142195179202235271224273342446

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 31188-2749484713
PBT 23-53-6299325165
Adjustment 981010111210131412
Changes in Working Capital -8-1014-5-321132-36-51-52
Tax Paid 00000-4-3-6-8-12
Cash Flow From Investing Activity -14-15-1-6-13-38-39-21-17-59
Capex -18-8-1-6-18-38-39-13-15-27
Net Investments 00000000-10
Others 3-700500-8-1-32
Cash Flow From Financing Activity 1013-17-243-12-9151246
Net Proceeds from Shares 000049700082
Net Proceeds from Borrowing 08-1-41-5-312-97
Interest Paid -4-6-7-6-6-6-4-5-5-2
Dividend Paid 0-10000-20-1-3
Others 1411-98-2-90827-37
Net Cash Flow -2-1103-10-220
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)4.165.19-6.722.03-1.7316.07516.2920.7618.38
ROCE (%)77.941.168.520.8422.038.2620.6724.7822.05
Asset Turnover Ratio1.411.430.881.150.851.520.991.281.421.27
PAT to CFO Conversion(x)1.50.33N/A8N/A2.726.860.170.190.28
Working Capital Days
Receivable Days68638638525771416582
Inventory Days58721501491987385615058
Payable Days9711122818320899124656767

Bhagiradha Chemicals & Industries Ltd Stock News

Bhagiradha Chemicals & Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bhagiradha Chem on 28-Mar-2024 16:01 is ₹1,611.
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 28-Mar-2024 16:01 the market cap of Bhagiradha Chem stood at ₹1,676.3.
The latest P/E ratio of Bhagiradha Chem as of 28-Mar-2024 16:01 is 76.20.
The latest P/B ratio of Bhagiradha Chem as of 28-Mar-2024 16:01 is 5.17.
The 52-week high of Bhagiradha Chem is ₹1,850 and the 52-week low is ₹1,100.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bhagiradha Chem is ₹419.0 ( Cr.) .

About Bhagiradha Chemicals & Industries Ltd

Bhagiradha Chemicals & Industries (BCIL) incorporated in 1993 is based at Hyderabad, India. The company is into business of manufacturing high quality basic pesticides. It manufacturing unit is located at Ongole, Andhra Pradesh and capacity of 1800 TPA of Chlorpyrifos Technical.

The company enjoys the active participation and support of highly experienced scientists and technocrats and vital linkage to scientific community by its relationship with Indian Institute of Chemical Technology, Hyderabad, a National Laboratory under the council of Scientific and Industrial Research, Government of India.

The company exports 70% of its produce to countries like Australia, South Africa, China, Germany, Singapore, Spain, U.K. Belgium, Greece, Italy, Malaysia, Taiwan, Indonesia, Peru, Brazil, etc.

Product range of the company includes:

  • Chlorpyrifos Ethyl Technical 98% min
  • High Purity Chlorpyrifos Ethyl Technical 99% min
  • Chlorpyrifos Methyl Technical 97% min
  • Clodinafop-Propargyl Technical 98% min
  • Triclopyr Butoxy Ethyl Ester Technical 98% min
  • Formulations such as Chlorpyrifos : 20% E.C, chlorpyrifos : 48% E.C, Chlorpyrifos : 40.8% E.C, Endosulfan : 35% E.C, Fenvalerate : 20% E.C., Ethion : 50% E.C., Dimethoate : 30% E.C., Dichlorvos : 76% E.C., Cypermethrin : 25% E.C., Cypermethrin : 10% E.C, Butachlor : 50% E.C., Alphamethrin : 10% E.C., 2,4-D, Ethyl Ester : 38% E.C., Monocrotophos : 36% S.L.,  Quinalphos : 25% E.C., Profenofos : 50% E.C. and Imidaclopride.

The company has set up R&D facilities within the factory premises which are equipped to develop processes for generics and to enhance process efficiency of existing operations.

The company has also generated authentic chemical and toxicological data for Chlorpyrifios Ethyl Technical, Chlorpyrifos Methyl Technical, Triclopyr Butoxy Ethyl Ester Technical, and formulations to facilitate registration of these products in the importing countries.

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