Bhaskar Agrochemicals Ltd - Stock Valuation and Financial Performance

BSE: 524534 | NSE: | Pesticides & Agrochemicals | Small Cap

Bhaskar Agrochem Share Price

59 0.00 0.00%
as on 28-Mar'24 16:00

DeciZen - make an informed investing decision on Bhaskar Agrochem

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Bhaskar Agrochemicals stock performance -

mw4me loader
P/E Ratio (SA):
23.59
Market Cap:
30.7 Cr.
52-wk low:
33
52-wk high:
78.1

Is Bhaskar Agrochemicals Ltd an attractive stock to invest in?

1. Is Bhaskar Agrochemicals Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bhaskar Agrochemicals Ltd is a below average quality company.

2. Is Bhaskar Agrochemicals Ltd undervalued or overvalued?

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

3. Is Bhaskar Agrochemicals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bhaskar Agrochemicals 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 Bhaskar Agrochem:

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.
Bhaskar Agrochemicals Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 21.4%13.3%16.1%10.2%5.9%8.1%7.5%8.6%10.5%4.9%-
Value Creation
Index
0.5-0.10.2-0.3-0.6-0.4-0.5-0.4-0.3-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 27.526.527.827.851.851.751.863.862.555.367
Sales YoY Gr.--3.5%5%-0%86.3%-0.2%0.3%23.1%-2.2%-11.5%-
Adj EPS 2.61.931.80.81.41.21.63.10.52.5
YoY Gr.--28.9%62%-42.2%-57.1%84%-15.2%39.3%89.6%-85.4%-
BVPS (₹) 1.33.36.414.715.416.81819.722.723.228.3
Adj Net
Profit
1.411.60.90.40.70.60.91.60.21
Cash Flow from Ops. 1.81.60.81.30.62.43.42.5-3.82.9-
Debt/CF from Ops. 1.81.78.36195.33.34.3-4.36.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.1%1.3%2.2%-11.5%
Adj EPS -17.8%-9.7%-27.3%-85.4%
BVPS37.3%8.6%8.9%2.3%
Share Price - 23.6% 24% -15.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
42.121.827.312.958.66.78.714.629.7
Op. Profit
Mgn %
5.34.57.37.83.75.65.758.38.68
Net Profit
Mgn %
53.75.73.30.81.41.21.32.60.42
Debt to
Equity
0.80.611.11.51.51.211.41.5-
Working Cap
Days
5156596554748170113181103
Cash Conv.
Cycle
7413293245522947934

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.70%

Sales growth is good in last 4 quarters at 24.09%

Sales growth has been subdued in last 3 years 2.15%

Net Profit has been subdued in last 3 years -27.28%

Debt to equity has increased versus last 3 years average to 1.49

Latest Financials - Bhaskar Agrochemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 2.5 -
TTM Sales (₹ Cr.) 67 -
BVPS (₹.) 28.3 -
Reserves (₹ Cr.) 10 -
P/BV 2.09 -
PE 23.59 -
From the Market
52 Week Low / High (₹) 33.00 / 78.07
All Time Low / High (₹) 1.00 / 101.00
Market Cap (₹ Cr.) 30.7
Equity (₹ Cr.) 5.2
Face Value (₹) 10
Industry PE 33.6

Management X-Ray of Bhaskar Agrochem:

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 Bhaskar Agrochem

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
Sales27.4626.4927.8127.8051.7951.6751.8463.8262.4555.26
Operating Expenses 26.0225.2925.7725.7149.8948.7948.8760.6157.2750.49
Manufacturing Costs0.222.582.853.154.543.563.9365.284.44
Material Costs23.3220.4320.1720.8542.9342.8642.4551.2244.6736.78
Employee Cost 0.550.620.970.831.081.171.221.523.374.08
Other Costs 1.931.661.780.871.341.191.271.873.945.19
Operating Profit 1.441.192.042.091.902.882.973.215.194.77
Operating Profit Margin (%) 5.3%4.5%7.3%7.5%3.7%5.6%5.7%5.0%8.3%8.6%
Other Income 0.180.010.020.02000.01000
Interest 0.030.030.160.800.961.391.381.341.371.71
Depreciation 0.220.240.310.450.560.770.991.021.131.21
Exceptional Items 00.11000000-0.750
Profit Before Tax 1.381.051.580.860.390.720.610.851.951.86
Tax 000000000.861.62
Profit After Tax 1.371.051.580.860.390.720.610.851.090.23
PAT Margin (%) 5.0%4.0%5.7%3.1%0.8%1.4%1.2%1.3%1.7%0.4%
Adjusted EPS (₹)2.62.03.01.70.81.41.21.62.10.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 3.954.996.577.627.998.749.3510.2411.8012.07
Share Capital 8.458.458.455.205.205.205.205.205.205.20
Reserves -4.50-3.46-1.882.422.793.544.155.046.616.87
Minority Interest0000000000
Debt3.222.636.037.3810.8411.7110.479.6415.4817.17
Long Term Debt3.102.504.433.805.324.443.984.985.125.32
Short Term Debt0.110.131.603.585.527.276.494.6610.3611.85
Trade Payables3.243.641.902.243.313.983.459.9811.0810.89
Others Liabilities 2.362.573.903.814.806.196.331.725.677.14
Total Liabilities 12.7613.8218.4021.0626.9430.6229.6031.5744.0347.27

Fixed Assets

Gross Block12.4113.6713.9618.9519.9925.4625.9826.5526.2127.37
Accumulated Depreciation4.444.6855.295.856.627.538.559.3310.24
Net Fixed Assets7.968.988.9613.6714.1418.8418.451816.8717.14
CWIP 0.2603.781.103.52000.2200.03
Investments 0000000000
Inventories4.244.114.065.547.668.855.599.3213.3911.44
Trade Receivables0.190.480.780.551.172.775.413.501316.77
Cash Equivalents 00.020.010.030.010.010.020.010.020.02
Others Assets0.100.240.810.170.440.160.130.520.751.87
Total Assets 12.7613.8218.4021.0626.9430.6229.6031.5744.0347.27

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1.811.640.811.330.632.433.442.47-3.842.94
PBT 1.381.051.580.860.390.720.610.851.951.86
Adjustment 0.240.280.481.331.512.152.202.153.112.90
Changes in Working Capital 0.190.31-1.24-0.88-1.28-0.440.63-0.5-8.85-1.53
Tax Paid 0000.020.0100-0.02-0.04-0.29
Cash Flow From Investing Activity -1.74-1.04-4.22-2.03-3.70-1.95-0.59-0.79-0.60-2.86
Capex -1.74-1.02-4.07-2.03-3.71-1.95-0.60-0.79-0.60-2.87
Net Investments 0000000000
Others 0-0.02-0.160000000
Cash Flow From Financing Activity -0.07-0.593.410.723.05-0.47-2.84-1.694.44-0.07
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0-0.593.4101.79-0.88-0.460.990.140.20
Interest Paid -0.0300-0.58-0.67-1.36-1.22-1.08-1.31-1.62
Dividend Paid 0000000000
Others -0.04001.301.941.76-1.16-1.605.621.35
Net Cash Flow 00.01-0.010.02-0.020.01000.010
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)086.1862.5215.674.998.576.748.679.871.96
ROCE (%)21.614.416.6111.467.5410.149.4110.5513.5112.23
Asset Turnover Ratio2.562.32.021.712.181.81.722.091.731.26
PAT to CFO Conversion(x)1.321.560.511.551.623.385.642.91-3.5212.78
Working Capital Days
Receivable Days247761429254695
Inventory Days47504652465851436379
Payable Days466150362431324886109

Bhaskar Agrochemicals Ltd Stock News

Bhaskar Agrochemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bhaskar Agrochem on 28-Mar-2024 16:00 is ₹59.00.
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 16:00 the market cap of Bhaskar Agrochem stood at ₹30.74.
The latest P/E ratio of Bhaskar Agrochem as of 28-Mar-2024 16:00 is 23.59.
The latest P/B ratio of Bhaskar Agrochem as of 28-Mar-2024 16:00 is 2.09.
The 52-week high of Bhaskar Agrochem is ₹78.07 and the 52-week low is ₹33.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bhaskar Agrochem is ₹66.95 ( Cr.) .

About Bhaskar Agrochemicals Ltd

Bhaskar Agrochemicals was incorporated as a private limited company on February 19, 1988, and converted into a public limited company on March 5, 1992. It is engaged in the business of manufacturing pesticide formulations.

The company’s product range includes liquid pesticides, wettable powders and granulated pesticides. The products are marketed under the brand name Bhaskar. The company has its pesticide formulation and monocrotophos (tech) plants in the Nalgonda district of Andhra Pradesh. It has been suspended from BSE on account of non-compliance with listing agreement clauses.

Business areas of the company:

The company is engaged in manufacturing and exporting of pesticides that includes biological pesticides, natural bio pesticides, natural organic pesticides, neem pesticides, bio pesticides products and agricultural pesticides.

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