Manufactures agrochemical products as its single business, with the 'Manufacturing of Agro Chemicals' segment accounting for 100% of segment revenue in the latest reported quarter. For FY26, consolidated revenue was Rs 535.9433 crore with an EBITDA margin of 11.1027%. The largest cost line is raw materials at 63.4% of revenue, followed by other operating expenses at 17.6% and employee costs at 9.2%, while capex ran at 29.9% of revenue. The wholly-owned subsidiary Bheema Fine Chemicals contributed Rs 81.34 crore in revenue but operated at only 35% capacity. Operations added 19 new customers in FY26 to reach 149 in total, launched 3 new molecules, and a Phase II expansion of about Rs 400 crore is targeted for Q2 FY28. The workforce comprises 224 permanent employees and 608 workers, supported by a 4MW solar plant and a Zero Liquid Discharge system. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Manufacturing of Agro Chemicals (100%). Single-segment, materials-heavy agrochemical manufacturing with an under-utilised subsidiary and a large planned capacity expansion
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 436 | 502 | 408 | 440 | 536 |
| EBITDA (ex other income) | 68 | 77 | 43 | 37 | 57 |
| margin % | 15.7 | 15.4 | 10.5 | 8.4 | 10.7 |
| Owners' profit | 36 | 45 | 18 | 14 | 18 |
| EPS, as reported (₹) | 43.02 | 44.35 | 1.75 | 1.14 | 1.40 |
| ROE % · ROCE % | 18.8 · 28.8 | 14.4 · 19.9 | 4.4 · 7.7 | 2.0 · 4.4 | 2.6 · 4.4 |
| Debt / equity (x) | 0.42 | 0.16 | 0.15 | 0.12 | 0.33 |
| Cash from operations | 6 | 14 | 34 | (53) | 12 |
| Capex | (17) | (60) | (79) | (252) | (160) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 104 | 103 | 123 | 124 | 140 | 114 | 158 | 195 |
| Profit before tax | 8 | 6 | 2 | 3 | 8 | 6 | 5 | 18 |
| Net profit | 5 | 4 | (1) | 4 | 6 | 5 | 4 | 13 |
| EPS (₹) | 0.43 | 0.28 | (0.08) | 0.31 | 0.42 | 0.36 | 0.31 | 1.03 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| UPL LIMITED | 48,414 | 23.7 | 1.17 | 6.5 | 5.4 | 5.5 | 6.0 | 16.3 |
| PI INDUSTRIES LTD | 34,337 | 29.4 | 3.06 | 16.2 | 11.8 | 14.5 | 8.0 | 25.3 |
| SUMITOMO CHEM INDIA LTD | 23,762 | 41.0 | 7.00 | 29.6 | 16.0 | 20.8 | 4.1 | 28.9 |
| BAYER CROPSCIENCE LTD | 17,895 | 26.0 | 6.03 | — | 23.2 | 27.3 | — | 22.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 21 Aug 2026 · Subsidiary BFCPL gets IND BBB+ Stable rating for INR600 crore bank loans | credit debt | medium | — | — |
| 10 Aug 2026 · Intimation of Analyst/Investor Meet - Equirus Conference | board shareholder meetings | low | — | — |
| 6 Aug 2026 · Q1 FY27 results: revenue up 58% YoY to Rs 195 cr, EBITDA jumps 240% | investor communications | medium | — | — |
| 4 Aug 2026 · Newspaper publication of Q1 FY27 results; profit nearly doubles YoY | compliance | minimal | — | — |
| 4 Aug 2026 · Q1 FY27 results published: standalone PAT up 29%, consolidated up 235% | compliance | minimal | — | — |
| 3 Aug 2026 · Q1 FY27 PAT up 29% standalone, 235% consolidated on strong revenue growth | results | high | — | — |
| 3 Aug 2026 · Q1FY27 Results: Standalone Revenue up 40 percent, PAT up 29 percent YoY | results | high | — | — |
| 31 Jul 2026 · AGM results: 4 resolutions passed, dividend Rs 0.15 per share approved | compliance | minimal | — | — |
| 31 Jul 2026 · 33rd AGM held on July 31, 2026 - all resolutions passed with 15 percent dividend | board shareholder meetings | medium | — | — |
| 24 Jul 2026 · Board meeting on Aug 3 to consider Q1 FY27 unaudited results | results | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| SHARDA CROPCHEM LTD. |
| 6,910 |
| 11.0 |
| 2.20 |
| 5.7 |
| 21.7 |
| 25.2 |
| 17.1 |
| 20.5 |
| DHANUKA AGRITECH LTD | 4,359 | 14.9 | 3.11 | 9.7 | 21.2 | 27.0 | 12.7 | 27.4 |
| RALLIS INDIA LTD | 3,833 | 23.9 | 2.26 | 12.9 | 9.7 | 12.5 | — | 0.9 |
| NACL INDUSTRIES LIMITED | 3,709 | 310.4 | 5.43 | 45.4 | 0.7 | 1.4 | 5.9 | 11.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 121.6 | 20.1 | 25 of 27 | 8% |
| P/B | 4.8 | 2.4 | 24 of 28 | 15% |
| ROCE | 2.4 | 12.5 | 21 of 29 | 29% |
| ROE | 2.6 | 9.2 | 19 of 28 | 33% |
| Debt / Equity | 0.3 | 0.3 | 15 of 29 | 50% |
| EBITDA margin | 16.6 | 14.8 | 11 of 28 | 63% |
| Revenue growth | 57.6 | (0.8) | 3 of 28 | 93% |
| Profit growth | 235.0 | 18.1 | 2 of 28 | 96% |
| Market cap | 3342 | 1540 | 9 of 29 | 71% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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