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Bhageria Industries Ltd.
(BHAGERIA)
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Rating:71Outperform
Price Target:
₹410.00
▲(86.41% Upside)
Action:Reiterated
Date:10/30/26
The score is driven primarily by solid financial performance (strong top-line growth, improving profitability) but tempered by weaker cash generation in FY2026 (negative free cash flow) and higher debt. Technicals add support with a clear uptrend and healthy momentum, while valuation is only average given the P/E and low dividend yield.
Positive Factors
Strong Revenue Growth
Two consecutive years of revenue growth above 20% indicate expanding demand and improving scale in the company’s chemical operations. If this momentum persists, higher volumes can strengthen operating leverage, support reinvestment, and reinforce Bhageria’s position with industrial customers.
Negative Factors
Sharp Increase in Debt
The more than doubling of debt in FY2026 reduces financial flexibility compared with the prior year and increases the importance of sustained profitability. If earnings weaken, interest obligations and repayment needs could constrain capital allocation or limit investment in future growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Two consecutive years of revenue growth above 20% indicate expanding demand and improving scale in the company’s chemical operations. If this momentum persists, higher volumes can strengthen operating leverage, support reinvestment, and reinforce Bhageria’s position with industrial customers.
Read all positive factors
Bhageria Industries Ltd. (BHAGERIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹15.81B
Dividend Yield0.7%
Average Volume (3M)27.03K
Price to Earnings (P/E)22.9
Beta (1Y)0.83
Revenue Growth75.45%
EPS Growth121.90%
CountryIN
Employees457
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)15.80
Shares Outstanding43,644,180
10 Day Avg. Volume18,410
30 Day Avg. Volume27,034
Financial Highlights & Ratios
PEG Ratio0.87
Price to Book (P/B)0.94
Price to Sales (P/S)0.64
P/FCF Ratio-13.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bhageria Industries Ltd. Business Overview & Revenue Model
Company Description
Bhageria Industries Limited, an Indian company headquartered in Mumbai, was founded in 1989. Previously known as Bhageria Dye Chem Limited until its renaming in August 2015, the firm is a key producer and supplier of dyes, dye intermediates, and e...
How the Company Makes Money
Bhageria Industries primarily makes money by manufacturing chemical products and selling them to industrial customers. Its revenue is generated from (1) sales of specialty chemicals and dye/intermediate chemical products (typically sold business-t...
Bhageria Industries Ltd. Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
78
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.03B | 8.74B | 5.95B | 4.92B | 5.01B | 5.97B |
| Gross Profit | 1.99B | 1.75B | 2.43B | 1.51B | 1.49B | 1.62B |
| EBITDA | 1.13B | 980.02M | 814.21M | 597.37M | 578.21M | 1.26B |
| Net Income | 689.64M | 460.81M | 404.04M | 190.65M | 147.45M | 705.97M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 8.60B | 7.33B | 6.76B | 6.31B | 6.46B |
| Cash, Cash Equivalents and Short-Term Investments | 627.01M | 291.20M | 947.29M | 857.93M | 431.12M | 504.77M |
| Total Debt | 0.00 | 1.09B | 463.06M | 472.09M | 380.69M | 347.86M |
| Total Liabilities | -5.94B | 2.67B | 1.77B | 1.53B | 1.25B | 1.39B |
| Stockholders Equity | 5.94B | 5.97B | 5.58B | 5.22B | 5.06B | 5.07B |
Cash Flow | ||||||
| Free Cash Flow | -299.73M | -426.59M | 248.05M | -36.93M | 139.10M | 174.93M |
| Operating Cash Flow | 282.06M | 1.01B | 521.28M | 229.24M | 276.13M | 756.16M |
| Investing Cash Flow | -428.36M | -1.46B | -463.56M | -330.95M | -231.04M | -580.38M |
| Financing Cash Flow | 204.60M | 485.56M | -89.67M | 48.28M | -155.94M | -137.97M |
Bhageria Industries Ltd. Technical Analysis
Positive
219.95
Price Trends
325.32
Positive
268.78
Positive
213.28
Positive
Market Momentum
5.41
Positive
53.16
Neutral
56.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHAGERIA, the sentiment is Positive. The current price of 219.95 is below the 20-day moving average (MA) of 364.24, below the 50-day MA of 325.32, and above the 200-day MA of 213.28, indicating a neutral trend. The MACD of 5.41 indicates Positive momentum. The RSI at 53.16 is Neutral, neither overbought nor oversold. The STOCH value of 56.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BHAGERIA.
Bhageria Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹15.81B | 22.94 | ― | 0.70% | 75.45% | 121.90% | |
57 Neutral | ₹20.74B | 30.19 | ― | 0.13% | 27.57% | 135.05% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹8.00B | 33.85 | ― | 0.16% | 17.44% | 304.08% | |
46 Neutral | ₹9.22B | -368.25 | ― | 0.28% | 10.11% | -109.93% | |
43 Neutral | ₹6.82B | -1.46 | ― | 1.14% | -24.31% | -473.28% |
* General Sector Average
IN:BHAGERIA
Bhageria Industries Ltd.
362.35
155.44
75.12%
IN:BODALCHEM
Bodal Chemicals Limited
164.70
102.36
164.20%
IN:ESTER
Ester Industries Limited
88.40
-22.33
-20.16%
IN:FAIRCHEMOR
Fairchem Organics Ltd
634.75
-112.78
-15.09%
IN:SUDARCOLOR
Heubach Colorants India Limited
370.95
-146.90
-28.37%
IN:SADHNANIQ
Sadhana Nitro Chem Limited
2.25
0.17
7.97%
Bhageria Industries Ltd. Corporate Events
CARE Ratings Affirms Bhageria Industries’ ₹91 Crore Bank Facilities With Stable Outlook
Sep 30, 2026
CARE Ratings has reaffirmed Bhageria Industries Ltd.’s long-term and short-term bank facility ratings at CARE A; Stable and CARE A1 for total sanctioned facilities of ₹91 crore. The ratings have been removed from the watch with negativ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.