BHAGERIACommodities

Bhageria Industries Limited

Dyes And Pigments · ISIN INE354C01027 · BSE 530803 · NSE EQ · FV ₹5
Last price
₹354
-3.04%today
What this company does

Bhageria Industries Limited operates in Dyes And Pigments, part of the Commodities sector. It booked ₹456 cr of revenue in its latest quarter (Q2 FY27) and kept 12.3% of sales as profit. It is the 5th largest of 9 Dyes And Pigments companies we track, by market value.

In the report:
78out of 100
Equitytale Health Score
Solid

Healthier than 78% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 91–176 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)
53

At close. Not part of the score.

Profitability & returns90

How much profit it earns on the money it employs

Balance sheet65

How much it owes, and whether earnings cover the interest

Cash quality63

Whether reported profit actually arrives as cash

Growth & consistency96

Whether sales and profit have grown, and how steadily

Valuation57

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 123% vs last year
✓ Profit up 374% vs last year
✓ Promoters hold 72%
✓ No promoter shares pledged
✓ Strong 33% 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 We do not publish price targets or predict returns.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
₹354▼ -3.04%
latest close · 2026-11-04
1-year return
+17.5%
52-wk low ₹15652-wk high ₹416
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 ratio6.9Low
LowAverageHigh
P/B ratio2.29Moderate
Below bookModerateHigh
EV / EBITDA4.8Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity33.1%Strong
WeakFairStrong ▸15%
Return on capital38.5%Strong
WeakFairStrong
Net margin12.3%Decent
ThinDecentStrong
EBITDA margin19.5%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.22Comfortable
LowModerateHigh ▸1
Interest cover29.8×Strong
RiskyOkayStrong ▸5×
Current ratio2.06Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,547 cr
Book value
₹155
EPS
₹12.81
latest quarter
Net debt
₹142 cr
owes more than its cash
Enterprise value
₹1,688 cr
EBITDA
₹355 cr
annualised
EBIT
₹313 cr
annualised
Operating margin
17.2%
Return on assets
21.7%
Earnings yield
14.46%
P/S
0.85
Sales / share
₹417.7
Tax rate
26.3%
Face value
₹5
Shares
4.4 cr
Working capital
₹228 cr
Current assets
₹443 cr
Current liabilities
₹216 cr
Delivery %
49.9%
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 2026-11-04.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹71–₹88, midpoint ₹79

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 · Q2 FY27 (consolidated)
Revenue from Operations₹456 cr
Other Income₹4 cr
Total Income₹460 cr
Cost of Materials₹282 cr
Purchases of Stock-in-Trade₹27 cr
Inventory Change (±)₹19 cr
Employee Benefit Expense₹8 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹10 cr
Other Expenses₹36 cr
Total Expenses₹384 cr
Profit before Tax₹76 cr
Tax Expense₹20 cr
Net Profit₹56 cr
Net margin on total income12.1%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹327 cr71.2%
Employee benefit expense₹8 cr1.7%
Finance costs₹3 cr0.6%
Depreciation & amortisation₹10 cr2.3%
Other expenses₹36 cr7.8%
Tax expense₹20 cr4.3%
Profit for the period₹56 cr12.1%
Total income ₹460 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue271 cr286 cr456 cr
Total income266 cr302 cr460 cr
Expenses250 cr256 cr384 cr
Profit before tax17 cr46 cr76 cr
Tax5 cr12 cr20 cr
Net profit (owners' share)12 cr34 cr56 cr
Net margin (owners' share, on revenue)4.4%11.9%12.3%
EPS (₹)2.717.8312.81
YoY (latest quarter): total income +123.1% · net profit +374.3%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹1,030 cr
Shareholder equity
₹676 cr
parent shareholders
Total debt
₹146 cr
Cash
₹5 cr
Cash flow · H1 FY27
Operating
₹52 cr
Investing
₹-83 cr
Financing
₹30 cr
Peer comparison
Dyes And Pigments · by market value
CompanyPriceMarket capP/E
Sudarshan Chemical Industries Limited₹1,077₹8,560 cr21.9
Kiri Industries Limited₹523₹3,411 cr2.9
Bodal Chemicals Limited₹179₹2,250 cr6.9
Shree Pushkar Chemicals & Fertilisers Limited₹623₹2,015 cr14.1
Bhageria Industries Limitedthis company₹365₹1,595 cr7.1
Sudarshan Colorants India Limited₹371₹855 cr8.9
Asahi Songwon Colors Limited₹370₹437 cr5.7
AksharChem India Limited₹372₹299 cr5.6
Poddar Pigments Limited₹250₹266 cr21.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.71%
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 · 2026-09-30
No pledge
Promoter
71.8%
FII / Foreign
0.5%
DII / Domestic
—
Retail / others
27.7%
Promoter stake up 0.1% over the last 12 quarters.
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 — 41 named members
owning 71.8% between them · as of 2026-09-30
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.