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Dossier · BHASKAR AGROCHEMICALS LTD. · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
BHASKAR AGROCHEMICALS LTD.
BSE: 524534
BSE: 524534
Commodities › Chemicals › Fertilizers & Agrochemicals › Pesticides & Agrochemicals
BHASKAR AGROCHEMICALS LTD.
StateQ1 FY27 filed
Last close · 28 Oct 2026₹100.65
Market cap₹0.1k cr
TTM P/E · P/B · EV/EBITDA10.6 · 2.38 · 6.6
BHASKAR AGROCHEMICALS LTD. is a Fertilizers & Agrochemicals company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 65 | 55 | 67 | 91 | 122 |
| EBITDA (ex other income) | 4 | 5 | 6 | 9 | 10 |
| margin % | 6.8 | 8.6 | 9.1 | 10.0 | 7.9 |
| Owners' profit | 1 | 0 | 2 | 4 | 5 |
| EPS, as reported (₹) | 2.09 | 0.45 | 3.34 | 7.48 | 8.99 |
| ROE % · ROCE % | 9.2 · 18.8 | 1.9 · 18.2 | 12.6 · 19.7 | 22.0 · 29.2 | 21.3 · 31.7 |
| Debt / equity (x) | 1.39 | 1.49 | 1.28 | 1.14 | 0.73 |
| Cash from operations | (4) | 3 | 4 | 1 | 11 |
| Capex | (1) | (3) | (2) | (2) | (4) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · BHASKAR AGROCHEMICALS LTD. · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 32 | 24 | 22 | 23 | 40 | 30 | 29 | 25 |
| Profit before tax | 5 | 3 | 1 | (0) | 4 | 3 | (1) | 0 |
| Net profit | 3 | 2 | 1 | (0) | 3 | 2 | (1) | 0 |
| EPS (₹) | 6.09 | 3.40 | 1.41 | (0.41) | 6.30 | 4.50 | (1.57) | 0.26 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| UPL LIMITED | 45,250 | 22.2 | 1.10 | 6.1 | 5.4 | 5.5 | 6.0 | 16.3 |
| PI INDUSTRIES LTD | 31,315 | 26.8 | 2.79 | 14.8 | 11.8 | 14.5 | 8.0 | 25.3 |
| SUMITOMO CHEM INDIA LTD | 16,716 | 28.9 | 4.93 | 20.8 | 16.0 | 20.8 | 4.1 | 28.9 |
| BAYER CROPSCIENCE LTD | 14,737 | 21.4 | 4.97 | — | 23.2 | 27.3 | — | 22.7 |
| SHARDA CROPCHEM LTD. | 6,172 | 9.9 | 1.97 | 5.0 | 21.7 | 25.2 | 17.1 | 20.5 |
| DHANUKA AGRITECH LTD | 4,008 | 13.7 | 2.86 | 8.9 | 21.2 | 27.0 | 12.7 | 27.4 |
| RALLIS INDIA LTD | 3,557 | 22.2 | 2.10 | 12.0 | 9.7 | 12.5 | — | 0.9 |
| BHAGIRADHA CHEM & INDS L | 2,668 | 97.0 | 3.82 | 48.4 | 2.6 | 2.4 | 11.0 | 16.6 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 10.6 | 19.0 | 6 of 24 | 78% |
| P/B | 2.4 | 2.2 | 16 of 28 | 44% |
| ROCE | 25.1 | 12.5 | 4 of 29 | 89% |
| ROE | 21.3 | 9.2 | 3 of 28 | 93% |
| Debt / Equity | 0.7 | 0.3 | 23 of 29 | 21% |
| EBITDA margin | 3.8 | 14.8 | 23 of 28 | 19% |
| Revenue growth | 6.7 | (0.8) | 10 of 28 | 67% |
| Profit growth | 163.6 | 18.1 | 4 of 28 | 89% |
| Market cap | 52 | 1334 | 25 of 29 | 14% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · BHASKAR AGROCHEMICALS LTD. · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 30 Sept 2026 · Trading Window Closed Ahead of Q2 and Half Year FY26 Results | compliance | minimal | — | — |
| 30 Sept 2026 · 38th AGM voting results: all 5 resolutions passed with 100% approval | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Bhaskar Agrochemicals 38th AGM concludes, 5 resolutions approved | board shareholder meetings | low | — | — |
| 8 Sept 2026 · 38th Annual Report and AGM Notice for FY2025-26 | compliance | low | — | — |
| 5 Sept 2026 · Board approves FY26 directors' report, sets 30 Sep AGM date | management changes | medium | — | — |
| 14 Aug 2026 · Q1 FY27 results: Revenue up 6.7 percent, PAT turns positive at Rs 13.53 lakh | results | medium | — | — |
| 10 Aug 2026 · Board meeting on Aug 14, 2026 to consider Q1 FY27 unaudited results | results | low | — | — |
| 17 Jul 2026 · Compliance certificate for Q1 FY27 under SEBI Regulation 74(5) | compliance | minimal | — | — |
| 26 Jun 2026 · Trading window closed from 1 July 2026 till 48 hours after Q1 results | compliance | minimal | — | — |
| 30 May 2026 · Results - Financial Results 31.03.2026 | results | high | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | 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 |
Sources, method and disclosures
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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in