Bharat Rasayan Limited (BHARATRAS) AI Stock Analysis

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Bharat Rasayan Limited

(NSE:BHARATRAS)

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Rating:74Outperform

Price Target:INR 1,180.00▲(11.95% Upside)

Action:reiterated

Date:08/28/26

The overall score is driven primarily by strong financial performance, with rising revenues and profits, double‑digit margins, and an exceptionally low‑debt balance sheet that supports resilience through industry cycles. Attractive valuation, featuring a low earnings multiple and a reasonable dividend yield, further underpins the stock’s appeal. These strengths are partially offset by weaker technicals—price below key moving averages, negative momentum indicators, and elevated volatility—and by the historical volatility in cash flows and recent margin and cash‑generation softness, which temper the score below the highest tier.

Positive Factors

Very low leverageDebt-to-equity near zero in FY2026 and modest leverage previously give the company substantial financial flexibility. This lowers solvency risk and preserves capacity to fund operations or pursue growth without the balance-sheet burden associated with heavy borrowing.

Negative Factors

Revenue cyclicalityThe sharp changes in revenue across recent fiscal years show that sales are cyclical rather than consistently expanding. Such variability can make capacity planning, earnings forecasting, and resource allocation less predictable over the next several quarters.

Bharat Rasayan Limited (BHARATRAS) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 17.50B
Dividend Yield: 0.05%
Average Volume (3M): 1,840
Price to Earnings (P/E): 7.7
Beta (1Y): 1.35
Revenue Growth: -5.17%
EPS Growth: 4.24%
Country: India
Employees: 903
Sector: General
Sector Strength: 55
Industry: Agricultural Inputs

Bharat Rasayan Limited Business Overview & Revenue Model

Company Description

Established in 1989 and headquartered in New Delhi, India, Bharat Rasayan Limited is a key producer and distributor of agrochemical products. The company specializes in technical grade pesticides, encompassing insecticides, herbicides, and fungicides...

Bharat Rasayan Limited Financial Statement Overview

Summary

Financial performance is strong overall, with revenue and net profit rising in FY 2025 and FY 2026, attractive double‑digit profit margins, and an exceptionally low‑leverage balance sheet. However, gross and operating margin compression versus prior peak years and volatile operating and free cash flow, including a negative outturn in FY 2022 and a notable decline in FY 2026, prevent a top‑tier score.

Income Statement

78Positive

Balance Sheet

88Very Positive

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	12.03B	12.42B	11.73B	10.45B	12.34B	12.95B
Gross Profit	3.01B	3.19B	3.96B	3.24B	3.95B	3.69B
EBITDA	1.95B	2.24B	2.01B	1.38B	2.06B	2.66B
Net Income	1.43B	1.46B	1.41B	955.10M	1.25B	1.76B
Balance Sheet
Total Assets	0	14.33B	14.08B	11.97B	10.74B	10.86B
Cash, Cash Equivalents and Short-Term Investments	2.73B	2.73B	2.86B	1.41B	485.96M	66.88M
Total Debt	0	12.26M	852.19M	804.74M	279.37M	1.74B
Total Liabilities	-12.75B	1.58B	2.78B	2.10B	1.80B	3.16B
Stockholders Equity	12.75B	12.75B	11.30B	9.88B	8.93B	7.70B
Cash Flow
Free Cash Flow	-161.72M	545.22M	1.32B	140.26M	1.90B	-1.21B
Operating Cash Flow	249.00K	1.28B	1.68B	410.76M	2.13B	-654.55M
Investing Cash Flow	-173.93M	-963.94M	-1.57B	-897.00M	-605.49M	511.36M
Financing Cash Flow	23.25M	-846.16M	41.22M	489.57M	-1.52B	-247.85M

Bharat Rasayan Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price1054.00

Price Trends

50DMA1044.30Positive

100DMA1183.56Negative

200DMA1334.75Negative

Market Momentum

MACD-4.34Negative

RSI62.04Neutral

STOCH62.28Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHARATRAS, the sentiment is Positive. The current price of 1054.00 is above the 20-day moving average (MA) of 974.81, above the 50-day MA of 1044.30, and below the 200-day MA of 1334.75, indicating a neutral trend. The MACD of -4.34 indicates Negative momentum. The RSI at 62.04 is Neutral, neither overbought nor oversold. The STOCH value of 62.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BHARATRAS.

Bharat Rasayan Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:BHARATRAS against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BHARATRAS	74Outperform	INR 17.52B	7.71	―	0.05%	-5.17%	4.24%
IN:DHANUKA	73Outperform	INR 40.27B	14.51	―	0.22%	-0.06%	0.75%
IN:INSECTICID	66Neutral	INR 15.74B	12.29	―	0.92%	1.26%	-16.43%
IN:RALLIS	63Neutral	INR 36.79B	18.72	―	1.59%	6.82%	11.93%
IN:PIIND	58Neutral	INR 260.17B	29.63	―	0.58%	-14.95%	-41.96%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:IPL	51Neutral	INR 13.73B	14.51	―	0.63%	2.89%	-9.47%

* General Sector Average

Performance Comparison

IN:BHARATRAS and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:BHARATRAS	Bharat Rasayan Limited	1054.00	-1506.31	-58.83%
IN:DHANUKA	Dhanuka Agritech Limited	903.45	-365.10	-28.78%
IN:INSECTICID	Insecticides (India) Limited	541.00	-128.01	-19.13%
IN:IPL	India Pesticides Ltd.	119.20	-59.68	-33.37%
IN:PIIND	PI Industries Limited	1714.80	-1809.19	-51.34%
IN:RALLIS	Rallis India Limited	189.20	-57.98	-23.46%

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: Aug 28, 2026

Bharat Rasayan Limited AI Stock Analysis