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Bharat Rasayan Ltd. Stock Analysis

Small Cap
Evaluated by 901 users | BSE: 590021 | NSE: BHARATRAS |
Pesticides & Agrochemicals
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,...

Analysis of Financial Track Record

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 majority of the past ten years indicating its past ten year financial track record is very good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 0000000018.75%24.51%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 000000009921,215
Y-o-Y Gr. Rt.-NANANANANANANANA22.5%
Adjusted EPS (Rs.) 00000000262.61351.93
Y-o-Y Gr. Rt.-NANANANANANANANA34%
Book Value per Share (Rs.) 00000000962.191,327.74
Adjusted Net Profit 00000000112150
Net Op. Cash Flow (Rs. Cr.) 00000000-52.3263
Debt to Cash Flow from Ops 00000000-4.720.36
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Bharat Rasayan Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales NANANA22.5%
Adjusted EPS NANANA34%
Book Value per Share 00038
Share Price 63.1% 57.8% 41.9% 49.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 0000000027.2930.74
Operating Profit Margin (%) 0000000018.918.93
Net Profit Margin (%) 0000000011.2512.31
Debt to Equity 000000000.60.17
Working Capital Days 000000000155
Cash Conversion Cycle 000000000119
Entity Percentage Holding
Promoters 74.83%
Institutions 0.53%
Non-Institutions 24.64%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Bharat Rasayan Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Bharat Rasayan Ltd. is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Bharat Rasayan Ltd.'s performance infers:

Bharat Rasayan Ltd. earnings have grown by 0%, whereas share price has appreciated 57.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Bharat Rasayan Ltd. share prices over the last 10 years. Here is what we found out:

Bharat Rasayan Ltd. share price has appreciated 58.2% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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