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Bharat Rasayan (BHARATRAS)₹970.35−0.59%Pesticides & Agrochemicals
In the Jun 2026 quarter (consolidated), Bharat Rasayan reported sales of ₹338 Cr, down 10.4% from Jun 2025, and net profit of ₹37.02 Cr, down 7.5% year on year. For the year to Mar 2026, sales were ₹1,243 Cr and net profit ₹146 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 263 | 233 | 310 | 282 | 328 | 256 | 307 | 377 | 286 | 270 | 308 | 338 |
| Expenses | 250 | 207 | 240 | 244 | 281 | 215 | 270 | 308 | 253 | 228 | 260 | 288 |
| Operating Profit | 13.01 | 26.02 | 69.02 | 38.02 | 47.03 | 42.07 | 37.03 | 69.05 | 33.03 | 43.03 | 49.04 | 51.09 |
| OPM % | 4.9% | 11.0% | 22.0% | 14.0% | 14.0% | 16.0% | 12.0% | 18.0% | 12.0% | 16.0% | 16.0% | 15.0% |
| Other Income | 4.01 | 4.02 | 22.07 | 22.09 | 7.03 | 18.07 | 6.02 | −8.03 | 11.05 | 17.05 | 10.03 | 6.02 |
| Interest | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 |
| Depreciation | 5.99 | 6.99 | 5.99 | 5.99 | 5.99 | 6.99 | 7.01 | 5.99 | 5.99 | 6.99 | 7.01 | 6.99 |
| Profit before tax | 10.04 | 22.10 | 84.38 | 53.17 | 46.22 | 52.22 | 35.14 | 54.22 | 36.13 | 52.23 | 51.24 | 49.18 |
| Tax % | 39.0% | 28.9% | 20.0% | 19.0% | 30.0% | 21.0% | 27.0% | 26.0% | 23.0% | 23.0% | 25.9% | 24.0% |
| Exceptional items | −0.02 | −0.02 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | −10.48 | 0.00 | 1.16 | −4.11 | 0.00 |
| Net Profit | 6.01 | 15.01 | 67.06 | 43.04 | 32.03 | 41.07 | 25.04 | 40.02 | 28.02 | 40.06 | 38.04 | 37.02 |
| EPS (Rs) | 3.60 | 9.21 | 40.33 | 25.94 | 19.32 | 24.36 | 15.10 | 23.84 | 16.76 | 24.05 | 22.92 | 22.35 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 989 | 1,214 | 1,091 | 1,301 | 1,234 | 1,045 | 1,172 | 1,243 | 1,203 |
| Expenses | 804 | 984 | 853 | 1,052 | 1,044 | 928 | 998 | 1,045 | 1,029 |
| Operating Profit | 188 | 230 | 240 | 250 | 191 | 118 | 175 | 199 | 176 |
| OPM % | 19.0% | 19.0% | 22.0% | 19.0% | 15.0% | 11.0% | 15.0% | 16.0% | 14.7% |
| Other Income | 1.01 | 14.05 | 6.02 | 16.05 | 15.05 | 35.11 | 42.15 | 25.08 | 44.15 |
| Interest | 15.93 | 15.93 | 3.99 | 6.98 | 5.98 | 2.99 | 4.99 | 4.98 | 3.96 |
| Depreciation | 16.99 | 21.98 | 25.99 | 24.98 | 26.01 | 25.99 | 27.01 | 26.01 | 26.98 |
| Profit before tax | 156 | 206 | 216 | 235 | 175 | 124 | 186 | 194 | 189 |
| Tax % | 28.0% | 23.0% | 24.0% | 25.0% | 28.0% | 23.0% | 24.0% | 24.9% | — |
| Exceptional items | −1.01 | −2.01 | −1.01 | 0.00 | −3.01 | 4.01 | 10.02 | −14.02 | −2.95 |
| Net Profit | 112 | 158 | 164 | 176 | 125 | 96.08 | 141 | 146 | 143 |
| EPS (Rs) | 65.50 | 92.52 | 96.29 | 105.90 | 74.94 | 57.40 | 84.68 | 87.55 | 86.08 |
| Dividend payout % | 1.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.0% | 0.0% | 1.0% | — |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.99 | 3.99 | 3.99 | 3.99 | 3.99 | 3.99 | 3.99 | 7.99 |
| Reserves | 404 | 558 | 721 | 764 | 887 | 982 | 1,123 | 1,264 |
| Borrowings | 247 | 94.02 | 58.01 | 174 | 28.01 | 80.01 | 85.06 | 1.01 |
| Other Liabilities | 99.55 | 94.46 | 122 | 143 | 152 | 130 | 194 | 158 |
| Total Liabilities | 755 | 751 | 907 | 1,085 | 1,072 | 1,196 | 1,405 | 1,431 |
| Fixed Assets | 150 | 202 | 191 | 227 | 224 | 229 | 229 | 245 |
| CWIP | 35.09 | 18.05 | 18.05 | 11.03 | 11.03 | 6.01 | 15.05 | 46.17 |
| Investments | 0.00 | 8.98 | 150 | 42.91 | 66.92 | 143 | 297 | 324 |
| Other Assets | 569 | 521 | 548 | 803 | 770 | 818 | 864 | 815 |
| Inventories | 209 | 160 | 169 | 276 | 322 | 266 | 289 | 330 |
| Trade receivables | 279 | 251 | 296 | 464 | 325 | 394 | 419 | 385 |
| Cash & equivalents | 9.02 | 51.12 | 33.09 | 6.01 | 34.07 | 49.16 | 56.11 | 23.07 |
| Total Assets | 755 | 751 | 907 | 1,085 | 1,072 | 1,196 | 1,405 | 1,431 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −51.87 | 263 | 170 | −64.83 | 213 | 40.91 | 172 | 132 |
| Cash from investing activity | −46.07 | −53.08 | −149 | 64.09 | −43.02 | −76.02 | −148 | −96.09 |
| Cash from financing activity | 102 | −169 | −40.04 | −25.02 | −152 | 49.12 | −1.01 | −89.22 |
| Net cash flow | 3.99 | 39.94 | −18.97 | −25.95 | 17.95 | 13.96 | 22.95 | −52.87 |
| Capex | 47.96 | 57.97 | 29.99 | 56.01 | 23.99 | 26.97 | 35.96 | 74.01 |
| Free cash flow | −99.68 | 203 | 159 | −121 | 190 | 13.95 | 136 | 58.81 |
| CFO / OP % | −5.0% | 137.0% | 92.0% | −3.0% | 138.0% | 59.0% | 120.0% | 88.0% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor days | 102 | 74 | 98 | 129 | 95 | 137 | 130 | 112 |
| Inventory days | 113 | 71 | 91 | 121 | 142 | 136 | 137 | 151 |
| Days payable | 24 | 17 | 33 | 30 | 33 | 37 | 67 | 44 |
| Cash conversion cycle | 190 | 127 | 155 | 220 | 203 | 235 | 199 | 218 |
| Working capital days | 95 | 93 | 113 | 135 | 164 | 198 | 169 | 264 |
| ROCE % | — | 33.9% | 30.9% | 27.9% | 19.9% | 12.0% | 16.0% | 16.9% |
For the Jun 2026 quarter, Bharat Rasayan reported sales of ₹338 Cr, down 10.4% year on year and net profit of ₹37.02 Cr, down 7.5% year on year. The operating margin was 15.0%.
Bharat Rasayan's sales for the year to Mar 2026 were ₹1,243 Cr; over the last twelve months they were ₹1,203 Cr.
Net profit for the year to Mar 2026 was ₹146 Cr, and ₹143 Cr over the last twelve months. Earnings per share over the same trailing period were ₹86.08.
Bharat Rasayan reported borrowings of ₹1.01 Cr at Mar 2026, against cash and equivalents of ₹23.07 Cr.
Cash from operations was ₹132 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹58.81 Cr.