Manufactures agrochemicals and pesticides from a manufacturing base that includes a plant at Dahej, where an insurance claim is pending for damage at the Block-D section of the facility. FY26 revenue of ₹1,241.84 crore was supported by an EBITDA margin of 17.8%, with the cost structure dominated by raw materials at 64.4% of revenue, followed by other operating expenses at 11.8% and employee costs at 7.3%; depreciation ran at 2.1% of revenue and capex at 5.9%. Net profit for the year was ₹145.72 crore against total assets of ₹1,432.52 crore. The company reports consolidated financials that include a joint venture, and carries CARE credit ratings of AA- on long-term facilities and A1+ on short-term facilities. AR · MarketPing reader · 2026-08-02
| ₹ crore · consolidated | FY20 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,215 | 1,234 | 1,045 | 1,173 | 1,242 |
| EBITDA (ex other income) | 226 | 193 | 117 | 175 | 180 |
| margin % | 18.6 | 15.6 | 11.2 | 14.9 | 14.5 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 371.03 | 299.89 | 229.86 | 339.14 | 87.67 |
| ROE % · ROCE % | — · — | 13.9 · 20.6 | 9.7 · 11.2 | 12.5 · 15.2 | 11.4 · 15.1 |
| Debt / equity (x) | — | 0.03 | 0.08 | 0.08 | 0.00 |
| Cash from operations | — | 213 | 41 | 172 | 132 |
| Capex | — | (24) | (27) | (36) | (74) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 328 | 256 | 307 | 377 | 286 | 270 | 308 | 338 |
| Profit before tax | 54 | 41 | 38 | 58 | 35 | 46 | 52 | 48 |
| Net profit | 32 | 41 | 25 | 40 | 24 | 40 | 38 | 37 |
| EPS (₹) | 77.35 | 97.54 | 60.48 | 95.45 | 67.10 | 24.08 | 22.95 | 22.40 |
| 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 % |
|---|---|---|---|---|
| 7 Sept 2026 · Centum Finance acquires 13,000 shares of Bharat Rasayan via inter-se transfer | ownership changes | low | — | — |
| 3 Sept 2026 · MPG Family Trust acquires 6.98% in Bharat Rasayan via promoter gift | ownership changes | high | — | — |
| 3 Sept 2026 · Centum Finance acquires 52,000 shares of Bharat Rasayan via inter-se promoter transfer | ownership changes | high | — | — |
| 1 Sept 2026 · AGM on 24 Sept, e-voting window and book closure for final dividend | compliance | minimal | — | — |
| 31 Aug 2026 · Q1 results: revenue down 10%, profit down 16%; dividend record date set | corporate actions | high | — | — |
| 31 Aug 2026 · Q1 FY27 results: Revenue falls 10% YoY, PAT down 16% YoY | results | high | — | — |
| 27 Aug 2026 · Centum Finance to acquire 65,000 promoter-group shares on market | ownership changes | medium | — | — |
| 27 Aug 2026 · Inter-se transfer of 65,000 shares among promoter group members | ownership changes | low | — | — |
| 24 Aug 2026 · MPG Family Trust receives 6.98% shares via gift from promoter | ownership changes | high | — | — |
| 24 Aug 2026 · Promoter family trust acquires 6.98% shares via gift transfer within group | ownership changes | high | — | — |
| 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) | 8.5 | 20.1 | 6 of 27 | 81% |
| P/B | 1.5 | 2.4 | 8 of 28 | 74% |
| ROCE | 14.7 | 12.5 | 11 of 29 | 64% |
| ROE | 11.4 | 9.2 | 11 of 28 | 63% |
| Debt / Equity | 0.0 | 0.3 | 4 of 29 | 89% |
| EBITDA margin | 16.7 | 14.8 | 10 of 28 | 67% |
| Revenue growth | (10.4) | (0.8) | 18 of 28 | 37% |
| Profit growth | (6.1) | 18.1 | 19 of 28 | 33% |
| Market cap | 1922 | 1540 | 11 of 29 | 64% |
| 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 |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
