Upcoming Dividend • Jul 20
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 24 July 2026. Payment date: 31 August 2026. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.8%). Reported Earnings • Jul 15
Full year 2026 earnings released: EPS: ₹10.56 (vs ₹9.26 in FY 2025) Full year 2026 results: EPS: ₹10.56 (up from ₹9.26 in FY 2025). Revenue: ₹8.74b (up 47% from FY 2025). Net income: ₹460.8m (up 14% from FY 2025). Profit margin: 5.3% (down from 6.8% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 06
Dividend increased to ₹2.50 Dividend of ₹2.50 is 67% higher than last year. Ex-date: 24th July 2026 Payment date: 31st August 2026 Dividend yield will be 1.1%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 74% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.0% EPS decline seen over the last 5 years. Announcement • Jul 03
Bhageria Industries Limited, Annual General Meeting, Aug 01, 2026 Bhageria Industries Limited, Annual General Meeting, Aug 01, 2026, at 12:30 Indian Standard Time. New Risk • Jun 05
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 9.1% 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 Earnings have declined by 13% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (₹8.90b market cap, or US$93.6m). Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹204, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 50% over the past three years. Reported Earnings • May 06
Full year 2026 earnings released: EPS: ₹10.56 (vs ₹9.26 in FY 2025) Full year 2026 results: EPS: ₹10.56 (up from ₹9.26 in FY 2025). Revenue: ₹8.81b (up 48% from FY 2025). Net income: ₹460.8m (up 14% from FY 2025). Profit margin: 5.2% (down from 6.8% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹148, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 15% over the past three years. Reported Earnings • Feb 03
Third quarter 2026 earnings released: EPS: ₹2.56 (vs ₹2.78 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.56 (down from ₹2.78 in 3Q 2025). Revenue: ₹2.45b (up 44% from 3Q 2025). Net income: ₹111.9m (down 7.9% from 3Q 2025). Profit margin: 4.6% (down from 7.1% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹185, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 23x in the Chemicals industry in India. Total returns to shareholders of 47% over the past three years. Board Change • Nov 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Vikas Goel was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Aug 05
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 6.8% 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 Earnings have declined by 21% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (₹7.98b market cap, or US$90.9m). Upcoming Dividend • Jul 18
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 25 July 2025. Payment date: 01 September 2025. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.7%). Reported Earnings • Jul 16
Full year 2025 earnings released: EPS: ₹9.26 (vs ₹4.37 in FY 2024) Full year 2025 results: EPS: ₹9.26 (up from ₹4.37 in FY 2024). Revenue: ₹5.95b (up 20% from FY 2024). Net income: ₹404.0m (up 112% from FY 2024). Profit margin: 6.8% (up from 3.9% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Jul 06
Bhageria Industries Limited, Annual General Meeting, Aug 02, 2025 Bhageria Industries Limited, Annual General Meeting, Aug 02, 2025, at 12:30 Indian Standard Time. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹209, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 29x in the Chemicals industry in India. Total returns to shareholders of 24% over the past three years. Reported Earnings • May 19
Full year 2025 earnings released: EPS: ₹9.26 (vs ₹4.37 in FY 2024) Full year 2025 results: EPS: ₹9.26 (up from ₹4.37 in FY 2024). Revenue: ₹6.02b (up 22% from FY 2024). Net income: ₹404.0m (up 112% from FY 2024). Profit margin: 6.7% (up from 3.9% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹170, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 26x in the Chemicals industry in India. Total loss to shareholders of 15% over the past three years. Announcement • May 10
Bhageria Industries Limited to Report Q4, 2025 Results on May 17, 2025 Bhageria Industries Limited announced that they will report Q4, 2025 results at 12:15 PM, Indian Standard Time on May 17, 2025 Reported Earnings • Feb 02
Third quarter 2025 earnings released: EPS: ₹2.78 (vs ₹1.89 in 3Q 2024) Third quarter 2025 results: EPS: ₹2.78 (up from ₹1.89 in 3Q 2024). Revenue: ₹1.68b (up 50% from 3Q 2024). Net income: ₹121.5m (up 47% from 3Q 2024). Profit margin: 7.2% (down from 7.4% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Jan 24
Bhageria Industries Limited to Report Q3, 2025 Results on Feb 01, 2025 Bhageria Industries Limited announced that they will report Q3, 2025 results at 12:15 PM, Indian Standard Time on Feb 01, 2025 New Risk • Dec 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.48b (US$99.5m) This is considered a minor 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 Risk Earnings have declined by 24% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (₹8.48b market cap, or US$99.5m). Reported Earnings • Oct 29
Second quarter 2025 earnings released: EPS: ₹1.50 (vs ₹0.63 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.50 (up from ₹0.63 in 2Q 2024). Revenue: ₹1.32b (up 29% from 2Q 2024). Net income: ₹65.5m (up 138% from 2Q 2024). Profit margin: 4.9% (up from 2.7% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. New Risk • Oct 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.25b (US$98.1m) This is considered a minor 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 Risk Earnings have declined by 24% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₹8.25b market cap, or US$98.1m). Announcement • Oct 19
Bhageria Industries Limited to Report Q2, 2025 Results on Oct 28, 2024 Bhageria Industries Limited announced that they will report Q2, 2025 results on Oct 28, 2024 Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹205, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 35x in the Chemicals industry in India. Total loss to shareholders of 12% over the past three years. Upcoming Dividend • Aug 19
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 23 August 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.1%). In line with average of industry peers (0.7%). Reported Earnings • Aug 08
First quarter 2025 earnings released: EPS: ₹1.36 (vs ₹0.29 in 1Q 2024) First quarter 2025 results: EPS: ₹1.36 (up from ₹0.29 in 1Q 2024). Revenue: ₹1.17b (up 20% from 1Q 2024). Net income: ₹59.5m (up 369% from 1Q 2024). Profit margin: 5.1% (up from 1.3% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Declared Dividend • Aug 04
Dividend of ₹1.00 announced Dividend of ₹1.00 is the same as last year. Ex-date: 23rd August 2024 Payment date: 30th September 2024 Dividend yield will be 0.6%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (23% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 75% to shift the payout ratio to a potentially unsustainable range, which is more than the 23% EPS decline seen over the last 5 years. Announcement • Aug 02
Bhageria Industries Limited, Annual General Meeting, Aug 31, 2024 Bhageria Industries Limited, Annual General Meeting, Aug 31, 2024. Announcement • Jul 31
Bhageria Industries Limited to Report Q1, 2025 Results on Aug 07, 2024 Bhageria Industries Limited announced that they will report Q1, 2025 results on Aug 07, 2024 Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹4.37 (vs ₹3.38 in FY 2023) Full year 2024 results: EPS: ₹4.37 (up from ₹3.38 in FY 2023). Revenue: ₹5.11b (up 1.9% from FY 2023). Net income: ₹190.7m (up 29% from FY 2023). Profit margin: 3.7% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • May 20
Bhageria Industries Limited to Report Q4, 2024 Results on May 27, 2024 Bhageria Industries Limited announced that they will report Q4, 2024 results on May 27, 2024 New Risk • Apr 18
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 8.5% 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 Earnings have declined by 20% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (₹8.14b market cap, or US$97.4m). Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹173, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 8.3% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹143, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 28x in the Chemicals industry in India. Total loss to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹195, the stock trades at a trailing P/E ratio of 49.3x. Average trailing P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 18% over the past three years. Reported Earnings • Jan 30
Third quarter 2024 earnings released: EPS: ₹1.89 (vs ₹0.86 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.89 (up from ₹0.86 in 3Q 2023). Revenue: ₹1.18b (up 26% from 3Q 2023). Net income: ₹82.6m (up 121% from 3Q 2023). Profit margin: 7.0% (up from 4.0% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Jan 29
Bhageria Industries Limited Approves the Appointment of Deepa Toshniwal as Company Secretary and Compliance Officer The Board of Director of Bhageria Industries Limited at their Meeting held on January 29, 2024, has approved the appointment of Mrs. Deepa Toshniwal as whole time Company Secretary & Compliance Officer of the Company with effect from February 15, 2024. Mrs. Deepa Toshniwal is an Associate member of The Institute of Company Secretaries of India having Membership and also hold Master Degree of Commerce from Ajmer University. Mrs. Deepa Toshniwal having an experience of approximately 2 years in the field of Secretarial and listing Compliances. Announcement • Jan 22
Bhageria Industries Limited to Report Q3, 2024 Results on Jan 29, 2024 Bhageria Industries Limited announced that they will report Q3, 2024 results on Jan 29, 2024 Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹173, the stock trades at a trailing P/E ratio of 59.2x. Average trailing P/E is 28x in the Chemicals industry in India. Total returns to shareholders of 20% over the past three years. Announcement • Oct 21
Bhageria Industries Limited to Report Q2, 2024 Results on Oct 28, 2023 Bhageria Industries Limited announced that they will report Q2, 2024 results on Oct 28, 2023 Upcoming Dividend • Aug 25
Upcoming dividend of ₹1.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 01 September 2023. Payment date: 09 October 2023. Payout ratio is a comfortable 30% but the company is paying out more than the cash it is generating. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (0.8%). Announcement • Aug 12
Bhageria Industries Limited, Annual General Meeting, Sep 09, 2023 Bhageria Industries Limited, Annual General Meeting, Sep 09, 2023. Reported Earnings • Aug 06
First quarter 2024 earnings released: EPS: ₹0.29 (vs ₹0.54 in 1Q 2023) First quarter 2024 results: EPS: ₹0.29 (down from ₹0.54 in 1Q 2023). Revenue: ₹1.01b (down 6.5% from 1Q 2023). Net income: ₹12.7m (down 47% from 1Q 2023). Profit margin: 1.3% (down from 2.2% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jul 30
Bhageria Industries Limited to Report Q1, 2024 Results on Aug 05, 2023 Bhageria Industries Limited announced that they will report Q1, 2024 results on Aug 05, 2023 Reported Earnings • May 19
Full year 2023 earnings released: EPS: ₹3.38 (vs ₹16.17 in FY 2022) Full year 2023 results: EPS: ₹3.38 (down from ₹16.17 in FY 2022). Revenue: ₹5.05b (down 16% from FY 2022). Net income: ₹147.5m (down 79% from FY 2022). Profit margin: 2.9% (down from 12% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • May 17
Bhageria Industries Limited Recommends Dividend for the Year Ended March 31, 2023 Bhageria Industries Limited announced that Board has recommended a Dividend of INR 1/- per Equity Share (Face Value of INR 5/- each) i.e.20% for the year ended March 31, 2023 subject To Approve the shareholders at the ensuing Annual General Meeting. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹134, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 74% over the past three years. Board Change • Mar 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Ameya Jadhav was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: ₹0.86 (vs ₹5.60 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.86 (down from ₹5.60 in 3Q 2022). Revenue: ₹936.8m (down 45% from 3Q 2022). Net income: ₹37.3m (down 85% from 3Q 2022). Profit margin: 4.0% (down from 14% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Jan 26
Bhageria Industries Limited to Report Q3, 2023 Results on Feb 01, 2023 Bhageria Industries Limited announced that they will report Q3, 2023 results on Feb 01, 2023 Reported Earnings • Oct 23
Second quarter 2023 earnings released: EPS: ₹0.83 (vs ₹3.46 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.83 (down from ₹3.46 in 2Q 2022). Revenue: ₹1.55b (up 9.3% from 2Q 2022). Net income: ₹36.4m (down 76% from 2Q 2022). Profit margin: 2.4% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 15
Bhageria Industries Limited to Report Q2, 2023 Results on Oct 21, 2022 Bhageria Industries Limited announced that they will report Q2, 2023 results at 3:30 PM, Indian Standard Time on Oct 21, 2022 Announcement • Sep 30
Ramchandra S. Ramuka and Gaurav R. Ramuka agreed to acquire Bhageria Exim Private Limited from Bhageria Industries Limited (BSE:530803) for INR 0.1 million. Ramchandra S. Ramuka and Gaurav R. Ramuka agreed to acquire Bhageria Exim Private Limited from Bhageria Industries Limited (BSE:530803) for INR 0.1 million on September 29, 2022. Pursuant to execution of the Share Purchase Agreement and transfer of shares, Bhageria Exim Private Limited will cease to be the wholly owned subsidiary of Bhageria Industries. The transaction is expected to close on or before September 30, 2022. Announcement • Jul 24
Bhageria Industries Limited to Report Q1, 2023 Results on Jul 30, 2022 Bhageria Industries Limited announced that they will report Q1, 2023 results on Jul 30, 2022 Upcoming Dividend • Jul 14
Upcoming dividend of ₹4.00 per share Eligible shareholders must have bought the stock before 21 July 2022. Payment date: 29 August 2022. Payout ratio is a comfortable 25% and the cash payout ratio is 88%. Trailing yield: 2.3%. Within top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (0.8%). Reported Earnings • Jul 09
Full year 2022 earnings released: EPS: ₹16.17 (vs ₹14.36 in FY 2021) Full year 2022 results: EPS: ₹16.17 (up from ₹14.36 in FY 2021). Revenue: ₹6.01b (up 50% from FY 2021). Net income: ₹705.8m (up 13% from FY 2021). Profit margin: 12% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹158, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 16x in the Chemicals industry in India. Total returns to shareholders of 33% over the past three years. Reported Earnings • May 08
Full year 2022 earnings released: EPS: ₹16.17 (vs ₹14.36 in FY 2021) Full year 2022 results: EPS: ₹16.17 (up from ₹14.36 in FY 2021). Revenue: ₹6.11b (up 52% from FY 2021). Net income: ₹705.8m (up 13% from FY 2021). Profit margin: 12% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 02
Bhageria Industries Limited to Report Q4, 2022 Final Results on May 07, 2022 Bhageria Industries Limited announced that they will report Q4, 2022 final results on May 07, 2022 Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹5.60 (up from ₹5.15 in 3Q 2021). Revenue: ₹1.72b (up 51% from 3Q 2021). Net income: ₹244.5m (up 8.8% from 3Q 2021). Profit margin: 14% (down from 20% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Recent Insider Transactions • Dec 24
Insider recently bought ₹604k worth of stock On the 20th of December, Rahul Bhageria bought around 3k shares on-market at roughly ₹235 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹4.2m. Insiders have collectively bought ₹43m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 13
Insider recently bought ₹138k worth of stock On the 9th of December, Snehlatha Bhageria bought around 533 shares on-market at roughly ₹259 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹25m. Insiders have collectively bought ₹41m more in shares than they have sold in the last 12 months. Announcement • Nov 27
Bhageria Industries Limited (BSE:530803) completed the acquisition of 51% stake in Bhageria Renewable Energy Private Limited. Bhageria Industries Limited (BSE:530803) agreed to acquire 51% stake in Bhageria Renewable Energy Private Limited for INR 0.05 million on October 29, 2021. The deal is subject to Bhageria Industries Limited board approval. As of October 29, 2021 Bhageria Industries Limited board approved the deal.
Bhageria Industries Limited (BSE:530803) completed the acquisition of 51% stake in Bhageria Renewable Energy Private Limited on November 25, 2021. Recent Insider Transactions • Nov 20
Insider recently bought ₹1.3m worth of stock On the 16th of November, Aditya Bhageria bought around 5k shares on-market at roughly ₹264 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹25m. Insiders have collectively bought ₹38m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 05
Insider recently bought ₹805k worth of stock On the 2nd of November, Aditya Bhageria bought around 3k shares on-market at roughly ₹268 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹25m. Insiders have collectively bought ₹39m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 03
Second quarter 2022 earnings released: EPS ₹3.46 (vs ₹3.70 in 2Q 2021) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹1.44b (up 36% from 2Q 2021). Net income: ₹150.9m (down 6.6% from 2Q 2021). Profit margin: 11% (down from 15% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improved over the past week After last week's 21% share price gain to ₹310, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 192% over the past three years. Recent Insider Transactions • Sep 28
Non-Executive Independent Director recently bought ₹25m worth of stock On the 24th of September, Surendra Gupta bought around 100k shares on-market at roughly ₹250 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹40m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 12
Insider recently bought ₹3.7m worth of stock On the 10th of August, Rahul Bhageria bought around 14k shares on-market at roughly ₹261 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹15m more in shares than they have sold in the last 12 months. Upcoming Dividend • Jul 15
Upcoming dividend of ₹3.50 per share Eligible shareholders must have bought the stock before 22 July 2021. Payment date: 30 August 2021. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.7%). Reported Earnings • Jul 09
Full year 2021 earnings released: EPS ₹14.36 (vs ₹15.08 in FY 2020) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: ₹4.02b (down 2.8% from FY 2020). Net income: ₹626.6m (down 4.8% from FY 2020). Profit margin: 16% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 24% share price gain to ₹236, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 69% over the past three years. Announcement • May 28
Bhageria Industries Limited Announces New Products Launch and Commencement of Production Bhageria Industries Limited announced the launch of its new product in Dyes and Dye-Intermediates in the name of "J-Acid". Date of Launch is May 27, 2021. Category of the Product is Dyes and Dye-Intermediates. Whether caters to Domestic /International Market: Both Domestic & International Market. Further, the company informed that the it has received Consent to Operate from Maharashtra Pollution Control Board vide their consent order No. Format 1.0/CAC/UAN No.0000110718 /C0-2105001121 dated May 25, 2021. Installed Capacity is 150MT/M. MPCP Consent for Maximum Quantity is 100MT/M. Capacity to be utilized is 100MT/M. T the company will start its commercial production of "J-Acid" with effect from May 27, 2021, at D-17 MIDC, Tarapur Boisar Industrial Area, Boisar Palghar Maharashtra. Reported Earnings • May 19
Full year 2021 earnings released: EPS ₹14.36 (vs ₹15.08 in FY 2020) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: ₹4.06b (down 1.7% from FY 2020). Net income: ₹626.6m (down 4.8% from FY 2020). Profit margin: 15% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 17
Bhageria Industries Limited Recommends Final Dividend for the Year Ended 31 March 2020 The Board of directors of Bhageria Industries Limited has recommended a Final Dividend of INR 3.5 per equity share, 60 % for the year ended 31 March 2021 subject To Approve the members in the annual general meeting to be held on July 31. 2021. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 17% share price gain to ₹196, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 46% over the past three years. Is New 90 Day High Low • Mar 16
New 90-day high: ₹178 The company is up 7.0% from a price of ₹166 on 16 December 2020. Underperformed the Indian market, which is up 13% over the last 90 days. Lagged the Chemicals industry, which is up 8.0% over the same period. Recent Insider Transactions • Feb 23
Insider recently bought ₹558k worth of stock On the 19th of February, Rahul Bhageria bought around 3k shares on-market at roughly ₹167 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹4.0m. Insiders have collectively bought ₹12m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 17
Insider recently bought ₹344k worth of stock On the 8th of February, Aditya Bhageria bought around 2k shares on-market at roughly ₹172 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹4.0m. Insiders have collectively bought ₹11m more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Feb 04
New 90-day high: ₹174 The company is up 34% from its price of ₹130 on 06 November 2020. The Indian market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 14% over the same period. Executive Departure • Feb 03
Company Secretary & Compliance Officer has left the company On the 27th of January, Ketan Gaur's tenure as Company Secretary & Compliance Officer ended after 3.0 years in the role. We don't have any record of a personal shareholding under Ketan's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Jan 29
Third quarter 2021 earnings released: EPS ₹5.15 (vs ₹4.06 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹1.14b (up 8.4% from 3Q 2020). Net income: ₹224.8m (up 27% from 3Q 2020). Profit margin: 20% (up from 17% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Announcement • Jan 29
Bhageria Industries Limited Announces Executive Changes Bhageria Industries Limited announced that Mr. Ketan Gaur has resigned from the position of Company Secretary & Compliance Officer of the Company with effect from closure of business hours of January 27, 2021. The company announced that Mr. Krunal Wala has been appointed as Company Secretary & Compliance Officer of the Company with effect from January 28, 2021 pursuant to Section 203 of The Companies Act, 2013 and Regulation 6(1) of The SEBI (LODR) Regulations, 2015 at the Meeting of the Board of Directors held on January 27, 2021. Announcement • Jan 19
Bhageria Industries Limited to Report Q3, 2021 Results on Jan 27, 2021 Bhageria Industries Limited announced that they will report Q3, 2021 results on Jan 27, 2021 Recent Insider Transactions • Jan 06
Executive Chairman recently bought ₹4.0m worth of stock On the 29th of December, Suresh Kumar Bhageria bought around 26k shares on-market at roughly ₹156 per share. This was the largest purchase by an insider in the last 3 months. This was Suresh Kumar's only on-market trade for the last 12 months. Is New 90 Day High Low • Jan 04
New 90-day high: ₹171 The company is up 24% from its price of ₹137 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 22% over the same period. Recent Insider Transactions • Dec 25
Insider recently bought ₹399k worth of stock On the 22nd of December, Aditya Bhageria bought around 3k shares on-market at roughly ₹142 per share. In the last 3 months, they made an even bigger purchase worth ₹1.9m. Insiders have collectively bought ₹2.6m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹143, the stock is trading at a trailing P/E ratio of 11.6x, down from the previous P/E ratio of 13.9x. This compares to an average P/E of 17x in the Chemicals industry in India. Total returns to shareholders over the past three years are 11%.