Bhageria Industries Ltd. (BHAGERIA) AI Stock Analysis

Bhageria Industries Ltd.

(NSE:BHAGERIA)

Select Model

Rating:75Outperform

Price Target:INR 417.00▲(9.78% Upside)

Action:reiterated

Date:10/30/26

Low-leverage balance sheet and revenue recovery are the primary drivers, reinforced by strong technical momentum above key moving averages. Fair valuation provides additional support, while monitoring cyclical risks and free cash flow volatility remains warranted.

Positive Factors

Strong Revenue GrowthTwo 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 DebtThe 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.

Bhageria Industries Ltd. (BHAGERIA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 16.48B
Dividend Yield: 0.67%
Average Volume (3M): 23.39K
Price to Earnings (P/E): 14.7
Beta (1Y): 0.83
Revenue Growth: 75.45%
EPS Growth: 121.90%
Country: India
Employees: 457
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

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 esse...

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-to-b...

Bhageria Industries Ltd. Financial Statement Overview

Summary

Solid balance sheet with low debt-to-equity and steady equity growth supports stability; revenue recovery and net income improvement are positives, offset by volatile margins and inconsistent free cash flow from high capex.

Income Statement

72Positive

Balance Sheet

85Very Positive

Cash Flow

65Positive

Financial statement breakdown
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	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	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

Technical Analysis SentimentPositive

Last Price379.85

Price Trends

50DMA328.74Positive

100DMA270.41Positive

200DMA214.28Positive

Market Momentum

MACD6.63Positive

RSI56.87Neutral

STOCH68.04Neutral

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 379.85 is above the 20-day moving average (MA) of 363.98, above the 50-day MA of 328.74, and above the 200-day MA of 214.28, indicating a bullish trend. The MACD of 6.63 indicates Positive momentum. The RSI at 56.87 is Neutral, neither overbought nor oversold. The STOCH value of 68.04 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:BHAGERIA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BHAGERIA	75Outperform	INR 15.81B	14.66	―	0.67%	75.45%	121.90%
IN:BODALCHEM	57Neutral	INR 20.74B	31.70	―	―	27.57%	135.05%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:FAIRCHEMOR	53Neutral	INR 8.00B	34.54	―	0.16%	17.44%	304.08%
IN:ESTER	39Underperform	INR 9.22B	-372.00	―	0.28%	10.11%	-109.93%
IN:SADHNANIQ	39Underperform	INR 6.82B	-1.52	―	1.20%	-24.31%	-473.28%

* General Sector Average

Performance Comparison

IN:BHAGERIA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:BHAGERIA	Bhageria Industries Ltd.	377.65	166.19	78.59%
IN:BODALCHEM	Bodal Chemicals Limited	172.90	111.90	183.44%
IN:ESTER	Ester Industries Limited	89.28	-21.35	-19.30%
IN:FAIRCHEMOR	Fairchem Organics Ltd	645.50	-96.94	-13.06%
IN:SUDARCOLOR	Heubach Colorants India Limited	385.05	-122.95	-24.20%
IN:SADHNANIQ	Sadhana Nitro Chem Limited	2.34	0.36	18.06%

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 negative i...

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.

Date of analysis: Oct 30, 2026

Bhageria Industries Ltd. AI Stock Analysis