Bhaskar Agrochemicals (BSE 524534)₹103.20−1.71%Pesticides & Agrochemicals
In the Mar 2026 quarter (standalone), Bhaskar Agrochemicals reported sales of ₹28.54 Cr, up 28.0% from Mar 2025, and net profit of −₹0.83 Cr, down 210.7% year on year. For the year to Mar 2026, sales were ₹122 Cr and net profit ₹5.01 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7.32 | 29.54 | 20.28 | 9.47 | 11.65 | 32.20 | 24.29 | 22.29 | 23.19 | 40.43 | 29.66 | 28.54 |
| Expenses | 9.21 | 24.33 | 17.29 | 9.89 | 13.20 | 26.92 | 20.93 | 20.53 | 22.50 | 35.18 | 25.48 | 28.90 |
| Operating Profit | −1.85 | 5.27 | 3.03 | −0.38 | −1.51 | 5.34 | 3.38 | 1.81 | 0.72 | 5.29 | 4.25 | −0.25 |
| OPM % | −25.4% | 17.8% | 14.9% | −4.1% | −13.1% | 16.5% | 13.9% | 8.1% | 3.1% | 13.0% | 14.3% | −0.9% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.05 | 0.01 | 0.00 | 0.00 | 0.07 | 0.00 | 0.02 | −0.36 | 0.30 |
| Interest | 0.49 | 0.47 | 0.47 | 0.48 | 0.45 | 0.38 | 0.46 | 0.75 | 0.49 | 0.43 | 0.41 | 0.39 |
| Depreciation | 0.35 | 0.40 | 0.39 | 0.40 | 0.41 | 0.42 | 0.43 | 0.44 | 0.42 | 0.45 | 0.47 | 0.47 |
| Profit before tax | −2.71 | 4.42 | 2.19 | −1.24 | −2.37 | 4.56 | 2.52 | 0.70 | −0.19 | 4.44 | 3.02 | −0.84 |
| Tax % | −24.9% | 27.6% | 32.1% | −27.7% | −24.2% | 30.3% | 29.0% | −7.3% | 16.6% | 25.9% | 21.9% | −2.4% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | −2.04 | 3.20 | 1.49 | −0.91 | −1.79 | 3.18 | 1.78 | 0.75 | −0.22 | 3.29 | 2.35 | −0.83 |
| EPS (Rs) | −3.91 | 6.14 | 2.85 | −1.74 | −3.43 | 6.09 | 3.41 | 1.43 | −0.41 | 6.32 | 4.51 | −1.58 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 27.99 | 27.99 | 51.99 | 51.99 | 51.97 | 63.98 | 61.98 | 54.95 | 66.96 | 90.92 | 122 | 122 |
| Expenses | 26.03 | 26.02 | 50.09 | 49.11 | 49.11 | 61.09 | 57.10 | 50.10 | 61.10 | 81.15 | 112 | 112 |
| Operating Profit | 1.99 | 1.99 | 1.99 | 2.99 | 2.99 | 2.99 | 4.99 | 4.99 | 5.99 | 8.99 | 9.98 | 10.01 |
| OPM % | 7.0% | 8.0% | 3.7% | 6.0% | 6.0% | 5.0% | 8.0% | 9.0% | 9.0% | 10.0% | 8.0% | 8.2% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −1.01 | 0.00 | 0.00 | 0.00 | 0.00 | −0.04 |
| Interest | 0.00 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 2.01 | 2.01 | 2.01 | 2.01 | 1.72 |
| Depreciation | 0.00 | 0.00 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 1.99 | 1.99 | 1.99 | 1.81 |
| Profit before tax | 2.01 | 1.01 | 0.00 | 1.01 | 1.01 | 1.01 | 2.01 | 2.01 | 3.01 | 5.02 | 6.02 | 6.43 |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 44.0% | 87.9% | 33.9% | 28.0% | 26.9% | — |
| Exceptional items | 0.00 | −0.09 | 0.00 | 0.00 | 0.00 | 0.00 | −0.35 | 0.00 | 0.00 | 0.00 | −0.29 | 0.00 |
| Net Profit | 2.01 | 1.01 | 0.00 | 1.01 | 1.01 | 1.01 | 1.01 | 0.00 | 2.01 | 4.01 | 5.01 | 4.59 |
| EPS (Rs) | 3.04 | 1.66 | 0.76 | 1.39 | 1.18 | 1.64 | 2.10 | 0.45 | 3.35 | 7.51 | 9.00 | 8.84 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 11.1% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.01 | 5.01 | 5.01 | 5.02 | 5.01 | 5.01 | 5.01 | 5.02 | 5.01 | 5.01 | 5.01 | 5.01 |
| Reserves | −3.01 | −2.01 | 2.01 | 3.01 | 4.01 | 4.01 | 5.01 | 7.02 | 7.02 | 9.02 | 13.03 | 17.05 |
| Borrowings | 6.02 | 10.02 | 8.02 | 12.03 | 13.02 | 11.03 | 11.03 | 16.03 | 18.05 | 18.03 | 20.03 | 26.07 |
| Other Liabilities | 5.99 | 5.01 | 4.99 | 6.99 | 8.99 | 8.99 | 10.98 | 15.95 | 16.96 | 17.97 | 19.94 | 22.93 |
| Total Liabilities | 14.01 | 18.03 | 21.03 | 27.05 | 31.03 | 30.04 | 32.03 | 44.02 | 47.04 | 50.03 | 58.01 | 71.06 |
| Fixed Assets | 9.02 | 9.03 | 14.03 | 14.05 | 19.04 | 18.05 | 18.04 | 17.04 | 17.05 | 18.04 | 19.05 | 20.07 |
| CWIP | 0.00 | 4.01 | 1.01 | 4.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 4.99 | 5.99 | 5.99 | 8.99 | 11.99 | 10.99 | 12.99 | 26.98 | 29.99 | 30.99 | 39.96 | 50.99 |
| Inventories | 4.12 | 4.05 | 5.55 | 7.67 | 8.84 | 5.60 | 9.33 | 13.40 | 11.45 | 15.44 | 17.90 | 25.53 |
| Trade receivables | 0.47 | 0.77 | 0.56 | 1.16 | 2.76 | 5.40 | 3.51 | 12.99 | 16.76 | 14.94 | 21.39 | 21.88 |
| Cash & equivalents | 0.01 | 0.00 | 0.02 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | 0.08 | 0.09 | 1.30 |
| Total Assets | 14.01 | 18.03 | 21.03 | 27.05 | 31.03 | 30.04 | 32.03 | 44.02 | 47.04 | 50.03 | 58.01 | 71.06 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 2.01 | 1.01 | 1.01 | 1.01 | 2.01 | 3.01 | 2.01 | −4.01 | 3.01 | 4.01 | 1.01 | 11.03 |
| Cash from investing activity | −1.01 | −4.01 | −2.01 | −4.01 | −2.01 | −1.01 | −1.01 | −1.01 | −3.01 | −2.01 | −2.01 | −4.01 |
| Cash from financing activity | −1.01 | 3.01 | 1.01 | 3.01 | 0.00 | −3.01 | −2.01 | 4.01 | 0.00 | −2.01 | 1.01 | −6.01 |
| Net cash flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 |
| Capex | 1.07 | 4.08 | 2.25 | 3.72 | 1.96 | 0.66 | 0.80 | 0.61 | 3.02 | 1.80 | 1.77 | 3.99 |
| Free cash flow | 0.99 | −2.99 | −0.99 | −2.99 | 0.00 | 2.99 | 1.99 | −3.99 | 0.00 | 1.99 | −0.99 | 6.98 |
| CFO / OP % | 138.0% | 40.1% | 61.0% | 33.1% | 84.0% | 116.0% | 78.1% | −72.9% | 68.1% | 75.0% | 21.0% | 140.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 6 | 9 | 6 | 7 | 19 | 37 | 19 | 75 | 110 | 81 | 85 | 65 |
| Inventory days | 73 | 73 | 97 | 65 | 75 | 48 | 66 | 109 | 114 | 142 | 133 | 121 |
| Days payable | 66 | 35 | 40 | 29 | 35 | 31 | 72 | 92 | 109 | 98 | 65 | 58 |
| Cash conversion cycle | 16 | 50 | 66 | 46 | 62 | 57 | 16 | 96 | 117 | 129 | 156 | 131 |
| Working capital days | −20 | −29 | −44 | −32 | −40 | −37 | −18 | 3 | 5 | 21 | 25 | 9 |
| ROCE % | 14.0% | 17.0% | 12.0% | 8.0% | 10.0% | 9.0% | 11.0% | 17.0% | 12.0% | 15.0% | 21.0% | 20.0% |
For the Mar 2026 quarter, Bhaskar Agrochemicals reported sales of ₹28.54 Cr, up 28.0% year on year and net profit of −₹0.83 Cr, down 210.7% year on year. The operating margin was −0.9%.
Bhaskar Agrochemicals' sales for the year to Mar 2026 were ₹122 Cr; over the last twelve months they were ₹122 Cr.
Net profit for the year to Mar 2026 was ₹5.01 Cr, and ₹4.59 Cr over the last twelve months. Earnings per share over the same trailing period were ₹8.84.
Bhaskar Agrochemicals reported borrowings of ₹26.07 Cr at Mar 2026, against cash and equivalents of ₹1.30 Cr.
Cash from operations was ₹11.03 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹6.98 Cr.