Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹44.37, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 20x in the Chemicals industry in India. Total loss to shareholders of 6.4% over the past three years. New Risk • Jun 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹728.2m market cap, or US$7.69m). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹49.93, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 21x in the Chemicals industry in India. Negligible returns to shareholders over past three years. New Risk • Jun 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (44% accrual ratio). Market cap is less than US$10m (₹710.2m market cap, or US$7.48m). Minor Risk Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Aankondiging • May 14
Bhatia Colour Chem Limited to Report Fiscal Year 2026 Results on May 21, 2026 Bhatia Colour Chem Limited announced that they will report fiscal year 2026 results on May 21, 2026 New Risk • Apr 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹920.5m (US$9.71m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (44% accrual ratio). Market cap is less than US$10m (₹920.5m market cap, or US$9.71m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹114, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 159% over the past three years. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹258, the stock trades at a trailing P/E ratio of 76.4x. Average trailing P/E is 22x in the Chemicals industry in India. Total returns to shareholders of 541% over the past three years. New Risk • Dec 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (44% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (₹5.03b market cap, or US$55.3m). Reported Earnings • Nov 19
First half 2026 earnings released: EPS: ₹2.23 (vs ₹1.66 in 1H 2025) First half 2026 results: EPS: ₹2.23 (up from ₹1.66 in 1H 2025). Revenue: ₹721.1m (up 21% from 1H 2025). Net income: ₹31.5m (up 55% from 1H 2025). Profit margin: 4.4% (up from 3.4% in 1H 2025). The increase in margin was driven by higher revenue. New Risk • Nov 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 44% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (44% accrual ratio). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (₹5.59b market cap, or US$63.1m). Aankondiging • Nov 05
Bhatia Colour Chem Limited to Report Q2, 2026 Results on Nov 13, 2025 Bhatia Colour Chem Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 13, 2025 Reported Earnings • Aug 05
Full year 2025 earnings released: EPS: ₹2.99 (vs ₹2.82 in FY 2024) Full year 2025 results: EPS: ₹2.99 (up from ₹2.82 in FY 2024). Revenue: ₹1.25b (up 9.2% from FY 2024). Net income: ₹36.6m (up 6.1% from FY 2024). Profit margin: 2.9% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 96% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Aug 04
Bhatia Colour Chem Limited, Annual General Meeting, Aug 26, 2025 Bhatia Colour Chem Limited, Annual General Meeting, Aug 26, 2025, at 14:00 Indian Standard Time. Location: plot no. a/2/12, road no. 1, udhana udyog nagar sangh udhna, surat - 394210, India Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: ₹2.99 (vs ₹2.82 in FY 2024) Full year 2025 results: EPS: ₹2.99 (up from ₹2.82 in FY 2024). Revenue: ₹1.25b (up 9.3% from FY 2024). Net income: ₹36.6m (up 6.1% from FY 2024). Profit margin: 2.9% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (₹5.13b market cap, or US$60.1m). Aankondiging • May 10
Bhatia Colour Chem Limited to Report Second Half, 2025 Results on May 17, 2025 Bhatia Colour Chem Limited announced that they will report second half, 2025 results on May 17, 2025 Aankondiging • Mar 31
Bhatia Colour Chem Limited Announces Board and Board Committee Changes Board of Directors of Bhatia Colour Chem Limited at their meeting held on March 31, 2025, inter alia has: Accepted the resignation of Mr. Nevil Prameshkumar Soni (DIN: 08206415), Mrs. Insiya Qaidjohar Nalawala (DIN: 08436102) and Mrs. Rutu Milindbhai Sanghvi (DIN: 09494473) from the post of an Independent director of the Company with effect from close of business hours on March 31, 2025. Consequntly, the resignation of Mr. Nevil Prameshkumar Soni (DIN: 08206415), Mrs. Insiya Qaidjohar Nalawala (DIN: 08436102) and Mrs. Rutu Milindbhai Sanghvi (DIN: 09494473) has resulted in change in the composition of various committees, the new composition of committees of the Board of Directors. Mr. Nevil Prameshkumar Soni: Names of listed entities in which the resigning director holds directorships, indicating the category of directorship and membership of board committees, if any. Directorships & Committee Memberships in other listed entities: PROSPECT CONSUMER PRODUCTS LIMITED- Non-Executive Independent Director; Audit Committee: Chairman; Nomination & Remuneration Committee: Member;and Stakeholder Relationship Committee: Member. Mrs. Insiya Qaidjohar Nalawala: Names of listed entities in which the resigning director holds directorships, indicating the category of directorship and membership of board committees, if any: Directorships & Committee Memberships in other listed entities: The Resigning Director is not holding any directorship and membership in any of the listed entities except Bhatia Colour Chem Limited. Mrs. Rutu Milindbhai Sanghvi: Names of listed entities in which the resigning director holds directorships, indicating the category of directorship and membership of board committees, if any: Directorships & Committee Memberships in other listed entities: INTERACTIVE FINANCIAL SERVICES LIMITED- Non-Executive Independent Director; Audit Committee: Chairman; Nomination & Remuneration Committee: Member; and Stakeholder's Relationship Committee: Chairman. COMPOSITION OF COMMITTEES OF BOARD: Audit Committee: Ravi Jitendra Modi- Chairperson, Independent Director, Anu Ashish Amodia-Member, Independent Director, and Bharat Brijlal Bhatia-Member, Managing Director. Nomination & Remuneration Committee: Anu Ashish Amodia-Chairperson, Independent Director, Ravi Jitendra Modi-Member, Independent Director, and Dhruvi Shyam Kapadia- Member, Independent Director. Stakeholders & Investors Grievance Committee: Dhruvi Shyam Kapadia- Chairperson, Independent Director, Ravi Jitendra Modi-Member, Independent Director, and Bharat Brijlal Bhatia-Member, Managing Director. Aankondiging • Mar 21
Bhatia Colour Chem Limited Appoints Ravi Jitendra Modi, Anu Ashish Amodia and Dhruvi Shyam Kapadia as Non-Executive Independent Director Bhatia Colour Chem Limited announced that the members of the company wide e-voting at the Postal Ballot, have approved the regularisation of appointment of Mr. Ravi Jitendra Modi, Mrs. Anu Ashish Amodia and Mrs. Dhruvi Shyam Kapadia as Non-Executive Independent Director of the Company not liable to retire by rotation. Particulars for appointment of Mr. Ravi Jitendra Modi (DIN: 10932249), as Non-Executive Independent Director of the Company: Reason for change: Regularisation of Appointment as an Independent Director of the Company for a period of 5 (five) years commencing from February 13, 2025 to February 12, 2030. He is Chartered Accountant and Fellow Member of Institute of Chartered Accountant of India and has over 9 years of experience in accounts, audit, finance, taxation and corporate affairs. He has worked with diverse industries and is an expert in driving organizational growth, optimizing operations, and ensuring financial sustainability. Particulars for appointment of Mrs. Anu Ashish Amodia (DIN: 10930259), as Non-Executive Independent Director of the Company: Regularisation of Appointment as an Independent Director of the Company for a period of 5 (five) years commencing from February 13, 2025 to February 12, 2030. She is Company Secretary and member of Institute of Company Secretaries of India and has degree in Bachelors of Commerce, Masters of Commerce and a Post Graduate Diploma in Business Administration (Finance). She has over more than 10 years of experience in accounts, finance, taxation and corporate affairs. Particulars for appointment of Mrs. Dhruvi Shyam Kapadia (DIN: 10683926), as Non-Executive Independent Director of the Company: Regularisation of Appointment as an Independent Director of the Company for a period of 5 (five) years commencing from February 13, 2025 to February 12, 2030. She is Company Secretary and has done Bachelors in law and commerce. She has 8 years of experience in the field of corporate governance, compliance, and legal advisory within the corporate sector. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Non-Executive Independent Director Nevil Soni was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₹3.94b market cap, or US$45.5m). New Risk • Jan 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 36% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (36% increase in shares outstanding). Market cap is less than US$100m (₹4.11b market cap, or US$47.8m). Reported Earnings • Oct 29
First half 2025 earnings released: EPS: ₹1.66 (vs ₹1.21 in 1H 2024) First half 2025 results: EPS: ₹1.66 (up from ₹1.21 in 1H 2024). Revenue: ₹594.9m (up 11% from 1H 2024). Net income: ₹20.3m (up 37% from 1H 2024). Profit margin: 3.4% (up from 2.8% in 1H 2024). The increase in margin was driven by higher revenue. Aankondiging • Oct 18
Bhatia Colour Chem Limited to Report Q2, 2025 Results on Oct 26, 2024 Bhatia Colour Chem Limited announced that they will report Q2, 2025 results at 3:30 PM, Indian Standard Time on Oct 26, 2024 Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹141, the stock trades at a trailing P/E ratio of 50x. Average trailing P/E is 36x in the Chemicals industry in India. Total returns to shareholders of 166% over the past year. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹80.03, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 36x in the Chemicals industry in India. Total returns to shareholders of 56% over the past year. New Risk • Aug 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risk Market cap is less than US$100m (₹849.4m market cap, or US$10.1m). Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹57.86, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 35x in the Chemicals industry in India. Total returns to shareholders of 29% over the past year. Aankondiging • Jul 29
Bhatia Colour Chem Limited, Annual General Meeting, Aug 27, 2024 Bhatia Colour Chem Limited, Annual General Meeting, Aug 27, 2024, at 14:00 Indian Standard Time. Location: plot no.a/2/12, road no.1, udhana udyog nagar sangh udhna, surat- 394210., surat India New Risk • May 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹617.8m market cap, or US$7.44m). Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Aankondiging • May 18
Bhatia Colour Chem Limited to Report Fiscal Year 2024 Results on May 23, 2024 Bhatia Colour Chem Limited announced that they will report fiscal year 2024 results on May 23, 2024 Board Change • Mar 31
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Whole Time Director Ravi Bhatia is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Nov 01
Bhatia Colour Chem Limited to Report First Half, 2024 Results on Nov 07, 2023 Bhatia Colour Chem Limited announced that they will report first half, 2024 results on Nov 07, 2023 Reported Earnings • Aug 26
Full year 2023 earnings released: EPS: ₹2.24 (vs ₹1.26 in FY 2022) Full year 2023 results: EPS: ₹2.24 (up from ₹1.26 in FY 2022). Revenue: ₹1.10b (up 160% from FY 2022). Net income: ₹27.4m (up 77% from FY 2022). Profit margin: 2.5% (down from 3.7% in FY 2022). The decrease in margin was driven by higher expenses. Aankondiging • Aug 18
Bhatia Colour Chem Limited, Annual General Meeting, Sep 16, 2023 Bhatia Colour Chem Limited, Annual General Meeting, Sep 16, 2023, at 13:00 Indian Standard Time. Location: Plot No. A/2/12, Road No. 1, Udhana Udyog Nagar Sangh Udhna Surat Gujarat India Aankondiging • Aug 10
Bhatia Colour Chem Limited to Report Fiscal Year 2023 Final Results on Aug 16, 2023 Bhatia Colour Chem Limited announced that they will report fiscal year 2023 final results on Aug 16, 2023 Aankondiging • May 13
Bhatia Colour Chem Limited to Report Second Half, 2023 Results on May 20, 2023 Bhatia Colour Chem Limited announced that they will report second half, 2023 results on May 20, 2023 Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹43.25, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 18x in the Chemicals industry in India. Total loss to shareholders of 3.8% over the past year. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹45.25, the stock trades at a trailing P/E ratio of 35.7x. Average trailing P/E is 19x in the Chemicals industry in India. Aankondiging • Jan 02
Bhatia Colour Chem Limited Approves the Appointment of Sunny Harishkumar Vyaswala as Compliance Officer of the Company Bhatia Colour Chem Limited at its board meeting held on December 31, 2022, approved the appointment of Mr. Sunny Harishkumar Vyaswala as Compliance Officer of the company with effect from December 31, 2022. Mr. Sunny Harishkumar Vyaswala is Chief Financial officer of Company. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 15% share price gain to ₹45.55, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 20x in the Chemicals industry in India. Aankondiging • Dec 26
Bhatia Colour Chem Limited Announces Resignation of Mrs. Hinal Jainesh Shah as the Company Secretary and Compliance Officer Bhatia Colour Chem Limited announced resignation of Mrs. Hinal Jainesh Shah as the Company Secretary and Compliance Officer. Aankondiging • Nov 05
Bhatia Colour Chem Limited to Report Q2, 2023 Results on Nov 12, 2022 Bhatia Colour Chem Limited announced that they will report Q2, 2023 results on Nov 12, 2022 Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improved over the past week After last week's 47% share price gain to ₹77.40, the stock trades at a trailing P/E ratio of 61x. Average trailing P/E is 20x in the Chemicals industry in India. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improved over the past week After last week's 19% share price gain to ₹57.85, the stock trades at a trailing P/E ratio of 45.6x. Average trailing P/E is 20x in the Chemicals industry in India. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 24% share price gain to ₹50.80, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 19x in the Chemicals industry in India. Aankondiging • Aug 20
Bhatia Colour Chem Limited, Annual General Meeting, Sep 20, 2022 Bhatia Colour Chem Limited, Annual General Meeting, Sep 20, 2022, at 12:00 Indian Standard Time. Location: Plot No. A/2/12, Road No. 1, Udhana Udyog Nagar Sangh, Udhna Surat Gujarat India Aankondiging • May 22
Bhatia Colour Chem Limited to Report Fiscal Year 2022 Results on May 28, 2022 Bhatia Colour Chem Limited announced that they will report fiscal year 2022 results on May 28, 2022 
