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:

16951.70

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57613.72

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Nifty
Sensex

:
:

16951.70
57613.72

-34.00 (-0.20%)
-40.14 (-0.07%)

Bharat Rasayan Ltd.

Pesticides & Agrochemicals

Rating :

48/99

BSE: 590021 | NSE: BHARATRAS

Watchlist

NSE BSE

9210.25

28-Mar-2023

Day's Open
Day's High
Day's Low
Previous Close

9430.00
9472.15
9201.00
9429.35

Volume
Traded Value (lacs)
52 Week High
52 Week Low

835
77.21
14400.00
8280.00

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

3,844.06
24.28
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

4,011.40
0.02%
4.45

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

21.37
10.35
2.30

EBITDA CAGR (%)

10 Years
5 Years
3 Years

25.77
9.98
2.12

PAT CAGR (%)

10 Years
5 Years
3 Years

33.86
12.50
3.96

P:E (Median)

8 Years
5 Years
3 Years

24.65
28.03
28.03

P:BV (Average)

8 Years
5 Years
3 Years

4.08
6.45
6.45

EV:EBITDA (Average)

8 Years
5 Years
3 Years

11.87
18.86
18.86

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Dec 22 Dec 21 Var% Sep 22 Sep 21 Var% Jun 22 Jun 21 Var% Mar 22 Mar 21 Var%
Net Sales 309.29 335.44 -7.80% 291.77 269.13 8.41% 327.40 251.80 30.02% 444.78 269.81 64.85%
Expenses 256.58 265.41 -3.33% 256.01 228.92 11.83% 274.35 193.79 41.57% 358.16 204.19 75.41%
EBITDA 52.71 70.03 -24.73% 35.76 40.21 -11.07% 53.05 58.01 -8.55% 86.62 65.62 32.00%
EBIDTM 17.04% 20.88% 12.26% 14.94% 16.20% 23.04% 19.47% 24.32%
Other Income 5.96 2.67 123.22% 4.43 2.74 61.68% 8.01 3.10 158.39% 7.13 3.48 104.89%
Interest 1.55 1.92 -19.27% 1.35 0.69 95.65% 1.76 1.41 24.82% 2.79 1.70 64.12%
Depreciation 6.57 6.60 -0.45% 6.53 5.94 9.93% 6.43 5.85 9.91% 6.55 6.55 0.00%
PBT 49.30 61.38 -19.68% 31.17 36.31 -14.16% 51.80 53.73 -3.59% 83.40 60.84 37.08%
Tax 12.73 15.50 -17.87% 8.13 9.43 -13.79% 13.19 13.90 -5.11% 18.86 13.62 38.47%
PAT 36.57 45.88 -20.29% 23.04 26.88 -14.29% 38.61 39.83 -3.06% 64.54 47.22 36.68%
PATM 11.82% 13.68% 7.90% 9.99% 11.79% 15.82% 14.51% 17.50%
EPS 87.07 109.24 -20.29% 54.86 64.00 -14.28% 91.93 94.83 -3.06% 153.67 112.43 36.68%

Description Dec 22 Dec 21 Var% Sep 22 Sep 21 Var% Jun 22 Jun 21 Var% Mar 22 Mar 21 Var%
Net Sales 309.29 335.44 -7.80% 291.77 269.13 8.41% 327.40 251.80 30.02% 444.78 269.81 64.85%
Expenses 256.59 265.41 -3.32% 256.00 228.92 11.83% 274.35 193.79 41.57% 358.16 204.19 75.41%
EBITDA 52.70 70.03 -24.75% 35.77 40.21 -11.04% 53.05 58.01 -8.55% 86.62 65.62 32.00%
EBIDTM 17.04% 20.88% 12.26% 14.94% 16.20% 23.04% 19.47% 24.32%
Other Income 5.96 2.67 123.22% 4.43 2.74 61.68% 8.01 3.10 158.39% 7.13 3.48 104.89%
Interest 1.55 1.92 -19.27% 1.35 0.69 95.65% 1.76 1.41 24.82% 2.79 1.70 64.12%
Depreciation 6.57 6.60 -0.45% 6.53 5.94 9.93% 6.43 5.85 9.91% 6.55 6.55 0.00%
PBT 49.29 61.38 -19.70% 31.18 36.31 -14.13% 51.80 53.73 -3.59% 83.40 60.84 37.08%
Tax 12.73 15.50 -17.87% 8.13 9.43 -13.79% 13.19 13.90 -5.11% 18.86 13.62 38.47%
PAT 36.56 45.88 -20.31% 23.05 26.88 -14.25% 38.61 39.83 -3.06% 64.54 47.22 36.68%
PATM 11.82% 13.68% 7.90% 9.99% 11.79% 15.82% 14.51% 17.50%
EPS 81.28 110.42 -26.39% 55.19 63.71 -13.37% 90.64 95.02 -4.61% 155.35 110.12 41.07%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13
Net Sales 1,373.24 1,301.16 1,092.00 1,215.05 992.18 795.30 620.69 455.51 438.76 361.38 187.56 Net Sales Growth 21.94% 19.15% -10.13% 22.46% 24.76% 28.13% 36.26% 3.82% 21.41% 92.67% Cost Of Goods Sold 937.65 842.64 683.98 839.14 683.64 522.35 409.68 292.24 287.23 235.09 125.44 Gross Profit 435.59 458.52 408.02 375.91 308.54 272.96 211.01 163.27 151.53 126.30 62.12 GP Margin 31.72% 35.24% 37.36% 30.94% 31.10% 34.32% 34.00% 35.84% 34.54% 34.95% 33.12% Total Expenditure 1,145.10 1,045.75 851.79 985.08 804.70 636.58 509.82 374.28 356.33 297.55 161.77 Power & Fuel Cost - 34.59 29.89 25.20 19.98 0.11 15.31 12.77 10.40 9.80 5.71 % Of Sales - 2.66% 2.74% 2.07% 2.01% 0.01% 2.47% 2.80% 2.37% 2.71% 3.04% Employee Cost - 65.22 56.28 46.36 40.10 35.25 31.51 27.19 23.23 20.44 11.12 % Of Sales - 5.01% 5.15% 3.82% 4.04% 4.43% 5.08% 5.97% 5.29% 5.66% 5.93% Manufacturing Exp. - 37.11 26.21 24.22 19.87 43.91 25.51 21.62 18.63 16.01 10.14 % Of Sales - 2.85% 2.40% 1.99% 2.00% 5.52% 4.11% 4.75% 4.25% 4.43% 5.41% General & Admin Exp. - 53.76 48.22 40.19 30.25 24.81 16.20 11.17 10.75 8.76 5.20 % Of Sales - 4.13% 4.42% 3.31% 3.05% 3.12% 2.61% 2.45% 2.45% 2.42% 2.77% Selling & Distn. Exp. - 12.42 7.21 9.98 10.86 10.16 7.80 8.64 5.70 5.61 4.17 % Of Sales - 0.95% 0.66% 0.82% 1.09% 1.28% 1.26% 1.90% 1.30% 1.55% 2.22% Miscellaneous Exp. - 0.00 0.00 0.00 0.00 0.00 3.81 0.65 0.40 1.86 4.17 % Of Sales - 0% 0% 0% 0% 0% 0.61% 0.14% 0.09% 0.51% 0% EBITDA 228.14 255.41 240.21 229.97 187.48 158.72 110.87 81.23 82.43 63.83 25.79 EBITDA Margin 16.61% 19.63% 22.00% 18.93% 18.90% 19.96% 17.86% 17.83% 18.79% 17.66% 13.75% Other Income 25.53 15.64 7.18 16.82 2.63 2.62 2.25 0.60 0.87 0.97 0.61 Interest 7.45 7.34 4.41 16.44 16.31 11.63 12.45 13.24 17.50 16.56 4.96 Depreciation 26.08 24.94 25.76 21.94 16.89 16.42 16.43 17.03 17.73 17.83 6.88 PBT 215.67 238.76 217.21 208.41 156.90 133.30 84.24 51.56 48.07 30.40 14.55 Tax 52.91 57.69 51.48 47.55 43.61 36.86 29.39 17.68 16.31 9.92 4.52 Tax Rate 24.53% 24.57% 23.84% 23.17% 28.11% 27.27% 35.02% 34.30% 33.94% 32.99% 32.03% PAT 162.76 177.13 164.47 157.64 111.52 98.31 54.53 33.88 31.75 20.15 9.59 PAT before Minority Interest 162.76 177.13 164.47 157.64 111.52 98.31 54.53 33.88 31.75 20.15 9.59 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 11.85% 13.61% 15.06% 12.97% 11.24% 12.36% 8.79% 7.44% 7.24% 5.58% 5.11% PAT Growth 1.85% 7.70% 4.33% 41.36% 13.44% 80.29% 60.95% 6.71% 57.57% 110.11% EPS 387.52 421.74 391.60 375.33 265.52 234.07 129.83 80.67 75.60 47.98 22.83

Description TTM Mar 22 Mar 21 Mar 20 Mar 19
Net Sales 1,373.24 1,300.97 1,091.78 1,215.05 992.18 Net Sales Growth 21.94% 19.16% -10.15% 22.46% Cost Of Goods Sold 937.65 842.64 683.98 839.14 683.64 Gross Profit 435.59 458.33 407.79 375.91 308.54 GP Margin 31.72% 35.23% 37.35% 30.94% 31.10% Total Expenditure 1,145.10 1,045.57 851.57 985.08 804.70 Power & Fuel Cost - 34.59 29.89 25.20 19.98 % Of Sales - 2.66% 2.74% 2.07% 2.01% Employee Cost - 65.22 56.28 46.36 40.10 % Of Sales - 5.01% 5.15% 3.82% 4.04% Manufacturing Exp. - 37.11 26.21 24.22 19.87 % Of Sales - 2.85% 2.40% 1.99% 2.00% General & Admin Exp. - 53.57 48.00 40.19 30.25 % Of Sales - 4.12% 4.40% 3.31% 3.05% Selling & Distn. Exp. - 12.42 7.21 9.98 10.86 % Of Sales - 0.95% 0.66% 0.82% 1.09% Miscellaneous Exp. - 0.00 0.00 0.00 0.00 % Of Sales - 0% 0% 0% 0% EBITDA 228.14 255.40 240.21 229.97 187.48 EBITDA Margin 16.61% 19.63% 22.00% 18.93% 18.90% Other Income 25.53 15.64 7.18 16.82 2.63 Interest 7.45 7.34 4.41 16.44 16.31 Depreciation 26.08 24.94 25.76 21.94 16.89 PBT 215.67 238.76 217.21 208.41 156.90 Tax 52.91 57.69 51.48 47.55 43.61 Tax Rate 24.53% 24.57% 23.84% 23.17% 28.11% PAT 162.76 177.13 164.47 157.64 111.52 PAT before Minority Interest 162.76 177.13 164.47 157.64 111.52 Minority Interest 0.00 0.00 0.00 0.00 0.00 PAT Margin 11.85% 13.62% 15.06% 12.97% 11.24% PAT Growth 1.85% 7.70% 4.33% 41.36% EPS 387.52 421.74 391.60 375.33 265.52

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13
Shareholder's Funds 771.76 727.88 564.12 408.81 298.25 200.71 146.40 113.14 82.18 62.53 Share Capital 4.16 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.25 Total Reserves 767.60 723.63 559.87 404.56 294.00 196.46 142.15 108.89 77.93 58.28 Non-Current Liabilities 11.14 10.27 34.32 53.83 52.83 48.97 54.61 77.42 99.73 89.21 Secured Loans 0.00 0.00 0.00 0.00 0.00 0.00 3.75 27.25 46.22 60.20 Unsecured Loans 1.00 0.00 22.00 40.00 40.00 40.00 40.00 40.00 45.82 22.76 Long Term Provisions 1.29 1.25 1.89 0.89 0.79 0.64 2.12 1.79 0.35 0.32 Current Liabilities 308.66 170.34 153.44 293.06 152.63 119.79 124.76 144.85 125.40 94.52 Trade Payables 68.16 61.19 39.24 44.57 35.37 18.77 25.62 37.86 37.43 19.21 Other Current Liabilities 60.43 44.42 39.44 36.99 24.58 19.44 29.76 30.82 36.12 26.30 Short Term Borrowings 172.61 58.45 71.86 206.99 88.34 74.71 67.02 72.91 51.18 48.19 Short Term Provisions 7.46 6.28 2.90 4.51 4.33 6.86 2.36 3.26 0.68 0.81 Total Liabilities 1,091.56 908.49 751.88 755.70 503.71 369.47 325.77 335.41 307.31 246.26 Net Block 227.87 190.89 203.25 150.14 147.72 131.03 135.72 136.62 142.26 135.05 Gross Block 426.69 365.10 351.69 275.76 256.99 224.73 212.98 196.76 184.59 159.47 Accumulated Depreciation 198.82 174.21 148.45 125.62 109.27 93.69 77.26 60.14 42.32 24.42 Non Current Assets 290.59 258.10 233.32 192.10 157.73 134.29 139.52 140.77 143.72 136.03 Capital Work in Progress 11.23 17.72 17.88 35.37 7.14 1.21 0.54 1.67 0.57 0.00 Non Current Investment 45.09 45.09 9.09 0.09 0.09 0.09 2.14 1.79 0.26 0.28 Long Term Loans & Adv. 6.40 4.40 3.10 6.50 2.78 1.96 1.13 0.69 0.62 0.71 Other Non Current Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Current Assets 800.97 650.39 518.56 563.60 345.98 235.18 186.25 194.63 163.59 110.23 Current Investments 0.00 105.92 0.00 0.00 0.00 0.00 18.00 28.00 0.00 0.00 Inventories 277.20 168.56 160.33 210.22 94.17 83.86 56.75 57.39 67.43 37.26 Sundry Debtors 463.72 295.59 250.59 279.09 221.61 120.15 88.17 79.53 60.41 45.02 Cash & Bank 6.28 32.88 51.17 9.42 4.99 3.36 3.77 4.64 4.90 4.38 Other Current Assets 53.78 25.65 21.57 35.10 25.20 27.81 19.57 25.07 30.86 23.57 Short Term Loans & Adv. 26.59 21.80 34.90 29.78 11.79 22.13 18.86 16.42 27.02 20.89 Net Current Assets 492.31 480.05 365.13 270.54 193.35 115.39 61.48 49.78 38.19 15.71 Total Assets 1,091.56 908.49 751.88 755.70 503.71 369.47 325.77 335.40 307.31 246.26

Description Mar 22 Mar 21 Mar 20 Mar 19
Shareholder's Funds 770.02 727.29 564.12 408.81 Share Capital 4.16 4.25 4.25 4.25 Total Reserves 765.86 723.04 559.87 404.56 Non-Current Liabilities 11.14 10.27 34.32 53.83 Secured Loans 0.00 0.00 0.00 0.00 Unsecured Loans 1.00 0.00 22.00 40.00 Long Term Provisions 1.29 1.25 1.89 0.89 Current Liabilities 308.66 170.34 153.44 293.06 Trade Payables 68.16 61.19 39.24 44.57 Other Current Liabilities 60.43 44.42 39.44 36.99 Short Term Borrowings 172.61 58.45 71.86 206.99 Short Term Provisions 7.46 6.28 2.90 4.51 Total Liabilities 1,089.82 907.90 751.88 755.70 Net Block 227.87 190.89 203.25 150.14 Gross Block 426.69 365.10 351.69 275.76 Accumulated Depreciation 198.82 174.21 148.45 125.62 Non Current Assets 288.85 257.50 233.32 192.10 Capital Work in Progress 11.23 17.72 17.88 35.37 Non Current Investment 43.35 44.50 9.09 0.09 Long Term Loans & Adv. 6.40 4.40 3.10 6.50 Other Non Current Assets 0.00 0.00 0.00 0.00 Current Assets 800.97 650.39 518.56 563.60 Current Investments 0.00 105.92 0.00 0.00 Inventories 277.20 168.56 160.33 210.22 Sundry Debtors 463.72 295.59 250.59 279.09 Cash & Bank 6.28 32.88 51.17 9.42 Other Current Assets 53.78 25.65 21.57 35.10 Short Term Loans & Adv. 26.59 21.80 34.90 29.78 Net Current Assets 492.31 480.05 365.13 270.54 Total Assets 1,089.82 907.89 751.88 755.70

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13
Cash From Operating Activity -65.46 170.19 262.58 -52.32 28.81 15.78 46.73 59.71 28.52 -7.55 PBT 234.83 215.95 205.20 155.13 135.17 83.92 51.56 48.06 30.06 14.11 Adjustment 18.43 23.20 20.80 30.58 17.77 26.09 29.14 33.81 32.31 11.31 Changes in Working Capital -260.92 -18.17 88.62 -194.52 -86.65 -69.77 -15.75 -9.16 -24.68 -30.62 Cash after chg. in Working capital -7.66 220.98 314.62 -8.81 66.29 40.24 64.95 72.72 37.70 -5.20 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -57.80 -50.79 -52.03 -43.50 -37.49 -24.46 -18.22 -13.01 -9.18 -2.36 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity 51.14 -152.54 -68.01 -47.57 -33.19 6.02 -4.99 -40.97 -25.36 -76.69 Net Fixed Assets -55.10 -13.25 -58.44 -47.00 -38.19 -12.42 -15.09 -13.27 -25.69 -76.87 Net Investments 105.92 -141.92 -9.00 0.00 0.00 20.05 9.65 -29.53 0.02 0.71 Others 0.32 2.63 -0.57 -0.57 5.00 -1.61 0.45 1.83 0.31 -0.53 Cash from Financing Activity -24.79 -39.73 -169.33 102.46 2.23 -23.90 -42.62 -18.98 -2.65 87.02 Net Cash Inflow / Outflow -39.10 -22.07 25.25 2.58 -2.16 -2.10 -0.88 -0.25 0.51 2.77 Opening Cash & Equivalents 26.63 45.56 5.51 1.23 1.05 1.39 4.64 4.90 4.38 1.61 Closing Cash & Equivalent 0.33 26.63 45.56 5.51 1.23 1.05 3.77 4.64 4.90 4.38

Description Mar 22 Mar 21 Mar 20 Mar 19
Cash From Operating Activity -65.46 170.19 262.58 -52.32 PBT 233.68 215.35 205.20 155.13 Adjustment 19.58 23.80 20.80 30.58 Changes in Working Capital -260.92 -18.17 88.62 -194.52 Cash after chg. in Working capital -7.66 220.98 314.62 -8.81 Interest Paid 0.00 0.00 0.00 0.00 Tax Paid -57.80 -50.79 -52.03 -43.50 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 Cash From Investing Activity 51.14 -152.54 -68.01 -47.57 Net Fixed Assets -55.10 -13.25 -58.44 Net Investments 105.92 -141.92 -9.00 Others 0.32 2.63 -0.57 Cash from Financing Activity -24.79 -39.73 -169.33 102.46 Net Cash Inflow / Outflow -39.10 -22.07 25.25 2.58 Opening Cash & Equivalents 26.63 45.56 5.51 1.23 Closing Cash & Equivalent 0.33 26.63 45.56 5.51

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13
Book Value (Rs.) 1857.33 1713.18 1327.74 962.19 701.97 472.40 344.57 266.28 193.42 147.18 ROA 17.71% 19.81% 20.91% 17.71% 22.52% 15.69% 10.25% 9.88% 7.28% 5.15% ROE 23.62% 25.46% 32.41% 31.55% 39.41% 31.42% 26.11% 32.51% 27.84% 16.60% ROCE 27.97% 30.51% 33.74% 31.68% 39.57% 33.66% 25.39% 27.39% 22.25% 13.35% Fixed Asset Turnover 3.29 3.05 3.87 3.72 3.36 3.09 2.38 2.50 2.28 2.10 Receivable days 106.50 91.28 79.56 92.10 76.96 56.24 62.64 53.66 49.15 67.30 Inventory Days 62.52 54.96 55.66 55.99 40.09 37.96 42.63 47.86 48.80 48.39 Payable days 28.02 26.80 16.07 16.57 15.39 15.49 30.08 37.80 31.63 43.07 Cash Conversion Cycle 141.01 119.45 119.14 131.52 101.67 78.71 75.20 63.73 66.33 72.62 Total Debt/Equity 0.23 0.08 0.17 0.60 0.43 0.57 0.76 1.24 1.74 2.10 Interest Cover 32.97 49.91 13.48 10.51 12.62 7.74 4.89 3.75 2.81 3.84

Description Mar 22 Mar 21 Mar 20 Mar 19
Book Value (Rs.) 1853.14 1711.78 1327.74 962.19 ROA 17.73% 19.82% 20.91% 14.76% ROE 23.66% 25.47% 32.41% 27.28% ROCE 28.01% 30.53% 33.74% 26.14% Fixed Asset Turnover 3.29 3.05 3.87 3.60 Receivable days 106.50 91.28 79.56 102.67 Inventory Days 62.52 54.96 55.66 77.34 Payable days 28.02 26.80 16.07 18.47 Cash Conversion Cycle 141.01 119.45 119.14 161.53 Total Debt/Equity 0.23 0.08 0.17 0.60 Interest Cover 32.97 49.91 13.48 10.51

Top Investors:

ritesh stock broking pvt ltd

ambaa securities private limited

pgim india trustees private limited a/c pgim india mid cap opportunities fund

shiv shankar securities pvt. ltd

investor education and protection fund (iepf)

Annual Reports:

News Update:

Bharat Rasayan - Quarterly Results
7th Feb 2023, 17:57 PM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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