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BDH Industries Ltd (MBIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524828 NSE: MBIND Pharmaceuticals & Drugs | Small Cap | BDH Inds Share Price

₹359.95 3.40 (0.95%)

As on 04-Jun'26 16:59

BDH Industries Ltd (MBIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524828 NSE: MBIND Pharmaceuticals & Drugs | Small Cap | BDH Inds Share Price

₹359.95 3.40 (0.95%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹207 Cr.
Current Price
₹360
52-Week Low / High
₹245 / 524
TTM EPS
₹18.8
TTM Sales
₹96 Cr.
Book Value per Share
₹131.5
P/E Ratio
19.17
Higher than its 5-year historical median
Industry PE
46.5
Price to Book (P/B)
2.74
Higher than its 5-year historical median
Price to Sales (P/S)
2.16
Higher than its 5-year historical median
EV/EBITDA
11.16
Higher than its 5-year historical median
Dividend Yield
1.71%
Profitability Efficiency
Return on Equity (ROE)
14.46%
Outperforms industry median
Return on Capital Employed (ROCE)
18.18%
Outperforms industry median
Return on Assets (ROA)
10.28%
Operating Profit Margin
17.5%
Net Profit Margin
13.94%
Gross Profit Margin
20.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-22.51%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-6.6%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-6.08%
Asset Quality
Promoter Holding
49.70%
Pledged shares (%) of Promoter's holding (%)
8.99%
Reserves
₹70 Cr.
Equity
₹5.8 Cr.
Face Value
₹10
All Time Low / High
₹2.45 / 523.75

BDH Industries stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is BDH Industries Ltd a good quality company?
BDH Industries Ltd is a good quality company, based on a consistently good 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 BDH Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of BDH Industries Ltd vs industry peers?
BDH Industries Ltd revenue CAGR is 2.26%, compared to the industry median CAGR of 5.35%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of BDH Industries Ltd?
Promoters hold 49.70% of the BDH Industries Ltd, with 8.99% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of BDH Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 17% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
BDH Industries 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 15.4%14.9%14.7%16.9%19.1%18.7%19.6%20.8%21%18.2%-
Value Creation
Index
0.10.10.10.20.40.30.40.50.50.3-

Growth Parameters

Sales 46.143.74151.759.557.569.474.585.866.596
Sales YoY Gr.--5.3%-6.1%26%15.1%-3.4%20.8%7.3%15.3%-22.5%-
Adj EPS 5.65.86.58.410.311.11214.317.116.118.8
YoY Gr.-3.9%12.8%28.3%23%7.1%8.6%18.8%20.3%-6%-
BVPS (₹) 44.64851.656.963.772.282.192.7105.7117.1131.5
Adj Net
Profit
3.23.33.84.85.96.46.98.29.99.311
Cash Flow from Ops. 4.37.2-0.2-3.611.40.836.3-1.914.8-
Debt/CF from Ops. 2.21.2-51.5-3.60.810.90.80.8-4.70.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 4.2%2.3%-1.4%-22.5%
Adj EPS 12.5%9.3%10.3%-6%
BVPS11.3%12.9%12.6%10.9%
Share Price 17.1% 29.3% 34.8% 40.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
12.511.812.514.716.415.615.115.916.914.215.1
Op. Profit
Mgn %
8.91113.113.615.114.813.114.714.517.514.5
Net Profit
Mgn %
77.69.29.31011.1101111.513.911.3
Debt to
Equity
0.40.30.30.40.30.20.10.10.100
Working Cap
Days
126111132155146156154160175229144
Cash Conv.
Cycle
-18-34-44-13-4-6862129108

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales46444152595769748667
Operating Expenses + 42393645514960647355
Manufacturing Costs87799781088
Material Costs24232027313344445537
Employee Cost 5667767777
Other Costs 4323332323
Operating Profit 4557999111212
Operating Profit Margin (%) 8.9%11.0%13.1%13.5%15.1%14.8%13.1%14.7%14.5%17.5%
Other Income + 2111111122
Exceptional Items 0000000000
Interest 0001100000
Depreciation 1111111111
Profit Before Tax 55578910111312
Tax 2212222333
Profit After Tax 33456678109
PAT Margin (%) 7.0%7.6%9.2%9.3%10.0%11.1%10.4%11.0%11.5%13.9%
Adjusted EPS (₹)5.65.86.58.410.311.112.614.317.116.1
Dividend Payout Ratio (%)35.70%34.50%34.40%32.80%24.20%27.20%28.70%28.10%26.30%27.90%

Valuation of BDH Inds - Standalone

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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 27293134384349556269
Share Capital 6666666666
Reserves 21232528323743495663
Debt +98813992591
Long Term Debt0100000000
Short Term Debt98713992591
Minority Interest0000000000
Trade Payables13141616161716192115
Others Liabilities 2322222212
Total Liabilities 52545766657169809387

Fixed Assets

Net Fixed Assets +13232322212020192020
Gross Block25353636363636363838
Accumulated Depreciation12121314151616171718
CWIP 4000000000
Investments 0000000000
Inventories5368557757
Trade Receivables88713111515172814
Cash Equivalents flag 20191717232319262531
Others Assets 2146579111414
Total Assets 52545766657169809387

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 47-0-411136-215
PBT 55578910111312
Adjustment 1-0001-0-0-0-1-1
Changes in Working Capital 04-4-95-5-3-2-116
Tax Paid -2-2-1-2-2-2-3-3-3-3
Cash Flow From Investing Activity + -5-5011110-02
Capex -5-7-0-0-0-01-0-2-0
Net Investments 0000000-000
Others 0111111122
Cash Flow From Financing Activity + -1-3-33-6-2-801-10
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 01-1-0000000
Interest Paid 0-0-0-1-1-0-0-0-0-0
Dividend Paid -1-1-1-1-2-1-2-2-2-3
Others 1-2-05-4-1-634-8
Net Cash Flow -1-1-206-0-47-16

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)13.412.5113.1315.4617.1116.2616.2716.3117.2814.46
ROCE (%)15.3914.914.7416.9419.1418.7419.6120.8421.0318.18
Asset Turnover Ratio0.90.840.740.840.910.840.9910.990.74
PAT to CFO Conversion(x)1.332.33-0-0.81.830.170.430.75-0.21.67
Working Capital Days
Receivable Days69.6065.4067.1069.6072.5083.2078.1076.4095.70116.70
Inventory Days40.6032.1040.6049.403933.2031.903425.9034
Payable Days212.60219.20271.30221.40186.60183.10140.90147.80131.80178.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.008.99
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

BDH Industries Ltd FAQs

The current trading price of BDH Inds on 04-Jun-2026 16:59 is ₹359.9.

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 03-Jun-2026 the market cap of BDH Inds stood at ₹207.2 Cr

The latest P/E ratio of BDH Inds as of 03-Jun-2026 is 19.17.

The latest P/B ratio of BDH Inds as of 03-Jun-2026 is 2.74.

The 52-week high of BDH Inds is ₹523.8 and the 52-week low is ₹245.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of BDH Inds is ₹95.95 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that BDH Industries Ltd is a good quality company.

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

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

About BDH Industries Ltd

BDH Industries was incorporated on December 5, 1990 and was converted into a public limited company on April 29, 1994.

BDH Industries is engaged in the manufacture and marketing of formulations and bulk drugs. It is today recognised as one of India's leading manufacturers of therapeutic formulations covering wide range of pharmaceuticals.

BDH exports a wide range of finished pharmaceutical formulations and bulk drugs to leading organizations in several countries, including Australia, Bolivia, Denmark, Dominican Republic, Germany, Ghana, Japan, Kenya, Madagascar, Malaysia, Mozambique, Netherlands, Niger, Nigeria, Papua New Guinea, Yemen, Singapore, Sri Lanka, Sudan, West Indies, Zambia, Zimbabwe, etc.

Products offered by the Company:

Some of its therapeutical categories are:

1. Anti-cancer 2. Antibiotics & Anti-microbials 3. Cardiovascular 4. Psychotropic 5. External Preparations 6. Sterile Opthalmics Preparations 7. Generics & Branded Generics 8. Injectables

It also manufactures sildenafil citrate tablets for male impotency

Achievements:

  • The Government of the India has accorded 'Star Export House' status to the company
  • The Government of India also accredited the company with WHO-GMP Certification since 1982.
  • It has received Federation of Indian Export Organisations (FIEO) Export Award 'Niryat Shree'
  • The company has received Chemexcil Top Export Award
  • It has also received Chemexcil Trishul Award for Consistent Export Performance
  • It has received the Government of Maharashtra's Export Award
  • Ministry of Commerce's Award from the President of India was conferred on the company.
  • 2010
    • BDH Industries won ‘Good Corporate Citizen’ Award by Bombay Chamber of Commerce & Industry 2010
    • BDH Industries won State Pharmaceutical Corporation (SPC) Sri Lanka Merit Award 2010
    • WHO-GMP Certificatation since 1982, renewed WHO-GMP in 2010
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