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Bhageria Industries Ltd.
(BHAGERIA)
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Rating:70Outperform
Price Target:
₹433.00
▲(96.86% Upside)
Action:Upgraded
Date:09/26/26
The score is driven primarily by solid financial performance (strong top-line growth and improved operating cash flow), balanced against a key risk of negative free cash flow in FY2026 and higher debt. Technicals are supportive with strong trend strength, but overbought momentum signals temper the outlook. Valuation is a modest headwind due to a higher P/E and low dividend yield.
Positive Factors
Sustained Revenue Growth
Revenue increased 22.3% in FY2026 after 20.8% in FY2025, indicating sustained demand and scale expansion across the business. If this trajectory persists, it can broaden the operating base and support stronger earnings capacity over the next several quarters.
Negative Factors
Negative Free Cash Flow
Free cash flow turned sharply negative in FY2026 despite stronger operating cash flow, indicating that investment or working-capital needs absorbed substantial cash. Volatile cash conversion could constrain internally funded expansion and weaken financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Revenue increased 22.3% in FY2026 after 20.8% in FY2025, indicating sustained demand and scale expansion across the business. If this trajectory persists, it can broaden the operating base and support stronger earnings capacity over the next several quarters.
Read all positive factors
Bhageria Industries Ltd. (BHAGERIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹17.19B
Dividend Yield0.64%
Average Volume (3M)23.11K
Price to Earnings (P/E)25.0
Beta (1Y)0.89
Revenue Growth56.81%
EPS Growth50.82%
CountryIN
Employees457
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)15.80
Shares Outstanding43,644,180
10 Day Avg. Volume37,953
30 Day Avg. Volume23,107
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 | 578.78M | 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
253.15
Positive
221.27
Positive
191.52
Positive
Market Momentum
34.64
Negative
78.99
Negative
84.40
Negative
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 314.90, below the 50-day MA of 253.15, and above the 200-day MA of 191.52, indicating a bullish trend. The MACD of 34.64 indicates Negative momentum. The RSI at 78.99 is Negative, neither overbought nor oversold. The STOCH value of 84.40 is Negative, 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹17.19B | 24.97 | ― | 0.64% | 56.81% | 50.82% | |
57 Neutral | ₹25.42B | 37.07 | ― | 0.13% | 27.57% | 135.05% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹8.42B | 59.47 | ― | 0.15% | 0.14% | 58.54% | |
49 Neutral | ₹8.99B | -358.92 | ― | 0.29% | 10.11% | -109.93% | |
45 Neutral | ₹8.24B | -1.21 | ― | 0.97% | -69.03% | -3082.04% |
* General Sector Average
IN:BHAGERIA
Bhageria Industries Ltd.
393.90
219.13
125.39%
IN:BODALCHEM
Bodal Chemicals Limited
201.80
139.56
224.23%
IN:ESTER
Ester Industries Limited
86.20
-21.49
-19.95%
IN:FAIRCHEMOR
Fairchem Organics Ltd
668.50
-105.50
-13.63%
IN:SUDARCOLOR
Heubach Colorants India Limited
392.30
-167.90
-29.97%
IN:SADHNANIQ
Sadhana Nitro Chem Limited
2.78
0.19
7.21%
Bhageria Industries Ltd. Corporate Events
Bhageria Industries Releases Notice for 37th AGM and Integrated Annual Report
Jul 9, 2026
Bhageria Industries Ltd. has issued the notice for its 37th Annual General Meeting and released its Integrated Annual Report for the financial year 2025-26, in compliance with SEBI’s Listing Regulations. The documents will be circulated elec...
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.