Bharat Rasayan Ltd: Is It a Deep Value Opportunity?

Bharat Rasayan Ltd has a deep value score of 57/100 (rated Average). This score is calculated from three components

• Earnings Score: 15/40 — measures PAT growth momentum across quarters
• Underperformance Score: 32/35 — how much the stock trails Nifty 500 (deeper underperformance = higher contrarian signal)
• Quality Score: 25/25 — operational quality (margins, revenue growth, valuation)

Bharat Rasayan Ltd's quarterly profit (PAT) growth trajectory

• Latest Quarter PAT Growth (QoQ): -5%
• Previous Quarter PAT Growth (QoQ): +44%
• 2 Quarters Ago PAT Growth (QoQ): -30%
• PAT Acceleration: +12.5pp (profits are accelerating)

Bharat Rasayan Ltd is underperforming the market despite improving earnings — this is the core deep value thesis

• 1-Year Return vs Nifty 500: -53%
• 6-Month Return vs Nifty 500: -36%
• 3-Month Return vs Nifty 500: -19%
• Yet average quarterly PAT growth is +3% — earnings are improving
• The market often takes time to re-rate stocks with improving fundamentals. This gap between price performance and earnings improvement is what deep value research seeks to identify.

Bharat Rasayan Ltd's earnings momentum is Steady — consistent growth.

• PAT QoQ progression: -30% → +44% → -5% (2Q ago → 1Q ago → latest)
• Acceleration: +12.5pp
• PAT YoY Growth: +52%

Bharat Rasayan Ltd's valuation metrics

• Price-to-Earnings (PE): 15.3x
• Price-to-Book (PB): 1.8x
• PEG Ratio: 0.0x
• Margin of Safety: -36% (appears overvalued)

Bharat Rasayan Ltd's revenue and margin trends

• Latest Quarter Revenue Growth (QoQ): +14%
• Average Quarterly Revenue Growth: -5%
• Revenue Acceleration: +19.1pp
• Latest OPM Change: +0.5pp (margins expanding)
• Average OPM Change: -1.0pp
• Revenue YoY: +0%

Bharat Rasayan Ltd's trailing twelve month (TTM) performance

• TTM PAT: ₹146 Cr
• TTM PAT Growth: +3.5% YoY
• TTM Revenue: ₹1,000 Cr
• TTM Revenue Growth: +5.8% YoY
• TTM Operating Margin: 15.7%

Bharat Rasayan Ltd key facts

• Sector: Pesticides/Agrochemicals
• Market Cap: ₹2.2K Cr
• Rank in Pesticides/Agrochemicals: #1 by value score
• Overall rank among all deep value stocks: #10

Bharat Rasayan Ltd shows limited deep value signals currently — score is 57/100 (Average). Monitor for improvement.

• Value Score: 57/100 (Average)
• Earnings: Accelerating
• 1Y Underperformance: -53% vs Nifty 500

Other deep value stocks in Pesticides/Agrochemicals

• India Pesticides Ltd — Score 47/100, Average
• Dhanuka Agritech Ltd — Score 37/100, Weak, earnings accelerating
• Best Agrolife Ltd — Score 18/100, Very Weak
• Heranba Industries Ltd — Score 12/100, Very Weak

Pesticides/Agrochemicals deep value sector overview

• 2 deep value stocks in this sector
• Average value score: 34/100
• Avg PAT acceleration: +25.0pp
• Top pick: Bharat Rasayan Ltd

Deep value investing studies stocks that are underperforming the market despite showing improving fundamentals. The thesis is that the market has not yet recognized the earnings recovery, creating a potential valuation gap. It requires patience — recovery can take several quarters.

The deep value score (0-100) combines three factors:

- Earnings (0-40 pts): PAT growth across last 3 quarters, acceleration, and consecutive growth - Underperformance (0-35 pts): How much the stock trails Nifty 500 over 1Y, 6M, 3M (deeper underperformance = higher score) - Quality (0-25 pts): Revenue growth, margin trends, and valuation metrics (PEG, P/B)

Higher score indicates a stronger contrarian research signal.