Bharat Rasayan Ltd Stock Analysis

BSE: 590021 | NSE: BHARATRAS | Pesticides & Agrochemicals | Small Cap

BSE Share Price 31-Jan-2023 18:03
9285.45 35.45 (0.38%)

DeciZen - Make an Informed Decision on Bharat Rasayan

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Bharat Rasayan Price Chart

P/E Ratio ( CD) :
22.56
Market Cap :
3,858.4 Cr.
52-wk low :
9,140.1
52-wk high :
14,362.9
Bole Toh?

1. Is Bharat Rasayan Ltd a good quality company?

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

2. Is Bharat Rasayan Ltd undervalued or overvalued?

The key valuation ratios of Bharat Rasayan Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Bharat Rasayan Ltd a good buy now?

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

10 Year X-Ray of Bharat Rasayan:

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.
Bharat Rasayan 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 0%0%0%0%0%0%18.8%24.5%23%20.2%-
Value Creation Index NANANANANANA0.30.80.60.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0000009921,2151,0921,3011,399
YoY Gr. Rt. %-NANANANANANA22.5%-10.2%19.2%-
Adj EPS 000000262.6351.9382.6408.6411.6
YoY Gr. Rt. %-NANANANANANA34%8.7%6.8%-
BVPS (₹) 000000962.21,327.71,711.81,853.11,997.3
Adj Net Profit 000000112150163170171
Cash Flow from Ops. 000000-52.3263170-65.5-
Debt/CF from Ops. 000000-4.70.40.3-2.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA9.5%19.2%
Adj EPS NANA15.9%6.8%
BVPS 0024.48.3
Share Price 52% 17.8% 13.8% -24.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 00000027.330.725.222.721.4
Op. Profit Mgn % 00000018.918.92219.617.5
Net Profit Mgn % 00000011.312.314.913.112.2
Debt to Equity 0000000.60.20.10.20
Working Cap Days 0000000155165185242
Cash Conv. Cycle 0000000119125148173

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 15.87%

Sales growth is good in last 4 quarters at 38.59%

Return on Equity has declined versus last 3 years average to 21.40%

Sales growth has been subdued in last 3 years 9.45%

Latest Financials - Bharat Rasayan Ltd.

Standalone Consolidated
TTM EPS (₹) 414.1 411.6
TTM Sales (₹ Cr.) 1,399 1,399
BVPS (₹.) 2,004.1 1,997.3
Reserves (₹ Cr.) 829 826
P/BV 4.63 4.65
PE 22.42 22.56
From the Market
52 Week Low / High (₹) 9140.05 / 14362.90
All Time Low / High (₹) 21.50 / 15100.00
Market Cap (₹ Cr.) 3,858
Equity (₹ Cr.) 4.2
Face Value (₹) 10
Industry PE 29.9

Management X-Ray of Bharat Rasayan :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.64
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Bharat Rasayan

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Bharat Rasayan Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bharat Rasayan on 31-Jan-2023 18:03 is : 9,285.5.
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 31-Jan-2023 18:03 the market cap of Bharat Rasayan stood at ₹ 3,858.4.
The latest PE ratio of Bharat Rasayan as of 31-Jan-2023 18:03 is 22.42.
The latest PB ratio of Bharat Rasayan as of 31-Jan-2023 18:03 is 4.63
The 52-week high of Bharat Rasayan is ₹ 14,362.9 and the 52-week low is ₹ 9,140.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Bharat Rasayan is ₹ 1,399 ( Cr.) .

About Bharat Rasayan Ltd

Bharat Rasayan, part of the Bharat Group of companies, is engaged in manufacturing technical grade pesticides, pesticides formulations and intermediates. It was incorporated on May 15, 1989.

The ISO 9001:2000 certified company manufactures technical grade pesticides like fenevalrate technical, 2,4-D ethyl ester technical and isoproturon technical at its plant in Rohtak, Haryana, with a capacity of more than 2,000 MTPA. It has its own R&D and pilot plant facilities for developing new products. The company has been granted export house status by the Government of India. Its products are exported to 50 countries in Asia, South America, Africa and the European continent including Russia with sales agents in the Middle East, South-East Asia and European countries.

The company has well equipped laboratories with modern and sophisticated instruments such as HPLC, GC, IRUV, Spectrophotometer, Polarimeter and Karl Fischer Titrators, etc. All equipments used in manufacturing, testing and packaging of the materials are regularly maintained and calibrated both at its in-house and by third party laboratories. High quality performance standards are achieved through qualified and experienced staff, modern equipment, documented procedures and an established quality assurance system.

Technical staff who are highly qualified and experienced in chemical research analytical development, safety-health environment, regulatory requirements, engineering and information technology, quality assurance, IPF, etc. They provide a comprehensive and complete technical support. Complementing them qualified and well trained chemists, quality assurance and control personnel.

Milestones:

• Established in the year 1989 as a backward integration project • An ISO 9001:2000 & ISO 14001:2000 Certified Company • Manufacturer of Technical Grade Pesticides / Intermediates confirming to international standards • Plant capacity more than 2000 MT per annum • Formulation facilities available for bulk packing • Government approved well established R&D centre led by a team of highly qualified people • Pilot plant facility to undertake process research on new products • In-house facility for treatment of solid, liquid and gaseous effluent treatment system • Permanent Registration Number with Dun & Bradstreet is 91-846-1229 • Export House status granted by Government of India • A public limited company with more than 30% stake of Indian public • Listed on the National Stock Exchange

Group companies:

• Bharat Insecticides • B R Agrotech â€¢ SIRIS Crop Science.

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