BHAGERIACommodities

Bhageria Industries Limited

Dyes And Pigments · ISIN INE354C01027 · BSE 530803 · NSE BE · FV ₹5
Last price
₹319
+4.99%today
What this company does

Bhageria Industries Limited operates in Dyes And Pigments, part of the Commodities sector. It booked ₹286 cr of revenue in its latest quarter (Q1 FY27) and kept 11.9% of sales as profit. It is the 5th largest of 9 Dyes And Pigments companies we track, by market value.

In the report:
69out of 100
Equitytale Health Score
Solid

Healthier than 69% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 43–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
69

At close. Not part of the score.

Profitability & returns81

How much profit it earns on the money it employs

Balance sheet68

How much it owes, and whether earnings cover the interest

Cash quality62

Whether reported profit actually arrives as cash

Growth & consistency96

Whether sales and profit have grown, and how steadily

Valuation10

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 82% vs last year
Profit up 203% vs last year
Promoters hold 72%
No promoter shares pledged
Strong 23% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in BHAGERIA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹319 +4.99%
latest close · 2026-09-17
1-year return
+34.7%
52-wk low ₹15652-wk high ₹342
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio10.2Low
LowAverageHigh
P/B ratio2.33Moderate
Below bookModerateHigh
EV / EBITDA6.5Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity22.9%Strong
WeakFairStrong ▸15%
Return on capital26.7%Strong
WeakFairStrong
Net margin11.9%Decent
ThinDecentStrong
EBITDA margin20.1%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.17Comfortable
LowModerateHigh ▸1
Interest cover25.2×Strong
RiskyOkayStrong ▸5×
Current ratio2.19Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,392 cr
Book value
₹137
EPS
₹7.83
latest quarter
Net debt
₹96 cr
owes more than its cash
Enterprise value
₹1,487 cr
EBITDA
₹231 cr
annualised
EBIT
₹192 cr
annualised
Operating margin
16.8%
Return on assets
15.9%
Earnings yield
9.82%
P/S
1.21
Sales / share
₹262.5
Tax rate
26.4%
Face value
₹5
Shares
4.4 cr
Working capital
₹170 cr
Current assets
₹312 cr
Current liabilities
₹143 cr
Delivery %
56.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 3 models ₹156 vs market price ₹319 — price is 104% above it
Safety cushion-104.2%(target ≥ +20%)
Models span ₹71₹175, midpoint ₹156
Model ₹156
Price ₹319
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹286 cr
Other Income₹16 cr
Total Income₹302 cr
Cost of Materials₹203 cr
Purchases of Stock-in-Trade₹32 cr
Inventory Change (±)₹-28 cr
Employee Benefit Expense₹7 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹10 cr
Other Expenses₹31 cr
Total Expenses₹256 cr
Profit before Tax₹46 cr
Tax Expense₹12 cr
Net Profit₹34 cr
Net margin on total income11.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹207 cr68.4%
Employee benefit expense₹7 cr2.3%
Finance costs₹2 cr0.6%
Depreciation & amortisation₹10 cr3.2%
Other expenses₹31 cr10.2%
Tax expense₹12 cr4.0%
Profit for the period₹34 cr11.2%
Total income ₹302 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue242 cr271 cr286 cr
Total income245 cr266 cr302 cr
Expenses231 cr250 cr256 cr
Profit before tax14 cr17 cr46 cr
Tax3 cr5 cr12 cr
Net profit (owners' share)11 cr12 cr34 cr
Net margin (owners' share, on revenue)4.6%4.4%11.9%
EPS (₹)2.562.717.83
YoY (latest quarter): total income +84.2% · net profit +203.1%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹860 cr
Shareholder equity
₹597 cr
parent shareholders
Total debt
₹101 cr
Cash
₹5 cr
Cash flow · H1 FY26
Operating
₹28 cr
Investing
₹-43 cr
Financing
₹20 cr
Peer comparison
Dyes And Pigments · by market value
CompanyPriceMarket capP/E
Sudarshan Chemical Industries Limited₹1,205₹9,583 cr24.5
Kiri Industries Limited₹535₹3,489 cr3.0
Bodal Chemicals Limited₹182₹2,294 cr18.9
Shree Pushkar Chemicals & Fertilisers Limited₹513₹1,657 cr18.1
Bhageria Industries Limitedthis company₹319₹1,392 cr10.2
Sudarshan Colorants India Limited₹378₹872 cr10.7
Asahi Songwon Colors Limited₹365₹430 cr5.6
AksharChem India Limited₹374₹300 cr4.9
Poddar Pigments Limited₹276₹293 cr15.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.78%
trailing 12 months
Dividend / share (TTM)
₹2.5
Last dividend
₹2.5
ex 24 Jul 2026
ActionDetailEx-date
Dividend₹2.5 / share24 Jul 2026
Dividend₹1.5 / share25 Jul 2025
Dividend₹1 / share23 Aug 2024
Dividend₹1 / share1 Sep 2023
Dividend₹4 / share21 Jul 2022
Dividend₹3.5 / share22 Jul 2021
Who owns it · 2026-06-30
No pledge
Promoter
71.8%
FII / Foreign
0.1%
DII / Domestic
Retail / others
28.2%
Smart-money activity
Insider trades
BoughtAditya Bhageria · Promoter Group10,000 · ₹22.3 L26 Aug 26
BoughtAditya Bhageria · Promoter Group11,652 · ₹26.0 L25 Aug 26
BoughtAditya Bhageria · Promoter Group5,000 · ₹11.1 L24 Aug 26
Bulk / block deals
SoldQE SECURITIES LLP · NSE3.74 L @ ₹236.5224 Oct 25
BoughtQE SECURITIES LLP · NSE3.70 L @ ₹235.1924 Oct 25
SoldJUNOMONETA FINSOL PRIVATE LIMITED · NSE3.43 L @ ₹235.5924 Oct 25
Stake changes
BoughtAkashdeep International Private Limited · promoter→ 12.13% · 12.98 L27 Jun 22
DisposalAllied Rainbow Asia Steel Private Limited · promoter→ 0.00%27 Jun 22
BoughtAditya Bhageria · promoter→ 0.34% · 1,00020 Dec 21
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 2 Aug 2025
See the official result
1
To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the year ended March 31, 2025 together with the Reports of the Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
1.56 L votes for, 339 against
2
To declare Dividend on Equity Shares for the year ended March 31, 2025
Backed by 100% of shareholders other than promotersneeded 50%
1.56 L votes for, 339 against
3
To appoint a Director in place of Mr. Suresh Bhageria (DIN: 0540285) who retires by rotation and being eligible, offers himself for re-appointment
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
1.56 L votes for, 339 against
4
To approve payment of Remuneration to M/s K V M & Co., Cost Accountants (Firm Registration No. 000458), the Cost Auditors of the Company for the Financial Year 2025- 26
Backed by 99% of shareholders other than promotersneeded 50%
1.56 L votes for, 841 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 40 named members
owning 71.8% between them · as of 2026-06-30
BHAGERIA TRADE INVEST PVT LTD15.16%
AKASHDEEP INTERNATIONAL PRIVATE LIMITED12.14%
BHAGERIA SURESH KESHAVDEO9.31%
DEEPAK VISHWAMBHARLAL BHAGERIA5.49%
RAKESH NIRANJANLAL BHAGERIA4.91%
VIKAS SURESH BHAGERIA3.74%
RAHUL NIRANJANLAL BHAGERIA2.78%
SURESH BHAGERIA2.26%
Business done with them
FY2026 · 3 of the group
The company paid ₹33 cr to companies in the promoter group last year — about 3.8% of its ₹874 cr revenue.
Bhageria Green Energy Solutions Private Limited
Bought goods from them · Purchases of goods or services
₹30 cr
company paid
Bhageria Green Energy Solutions Private Limited
Other payments to them · Purchases of goods or services
₹1 cr
company paid
Mr. Suresh Bhageria
Other payments to them · KMP Remuneration and Salary
also owns 2.26% of the company
₹1 cr
company paid
BHAGERIA FOUNDATION
Other payments to them · Donations & CSR Expenses
₹1 L
company paid

The company also transacted with 14 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.