Bhageria Industries Ltd
BHAGERIABhageria Industries Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
The sharpest disagreement: the price moved +55.3% in a year while annual EPS moved +14.0% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a confirmed uptrend (13 weeks in) while the P/E sits at the 51st percentile of its own 6-year range. Underneath, the last four quarters read improving — profit +209.1% year on year, and 168% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Bhageria Industries Ltd trades at ₹317, in a confirmed uptrend and 13 weeks into that stage. That is +58.9% against its own 200-day average. It sits at 100% of a 52-week range of ₹134 to ₹317. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks.
Today the stock is in a confirmed uptrend — week 13 of stage 2, confirmed. At ₹317 it trades +58.9% versus its 200-day average and sits at 100% of its 52-week range (₹134–₹317).
Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +1,067% while the NIFTY 500 moved +267% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 3 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Story check
Bhageria Industries Ltd's story is not scored yet against the markers our research file set on 19 July 2026. Where it sits in its own cycle: Not stated in the research file. Our fortnightly research layers last read it on 19 July 2026.
Our read, 19 July 2026. Bhageria is increasing chemical volume and investing in new product lines, but margins remain below the prior operating level and the evidence for a turn is incomplete.
What is proven. Bhageria is increasing chemical volume and investing in new product lines, but margins remain below the prior operating level and the evidence for a turn is incomplete.
What is not proven yet. The thesis improves if reported margins recover while the new assets move from construction into revenue without a further rise in leverage. It fails if revenue continues to grow but margin remains depressed after capacity additions have had time to contribute.
🚨 What would change our mind. The thesis improves if reported margins recover while the new assets move from construction into revenue without a further rise in leverage. It fails if revenue continues to grow but margin remains depressed after capacity additions have had time to contribute.
🚨 Layer 1 read, 19 July 2026 — DROP. Chemical volume is growing fast but margins are still contracting and missed the 13-14% guide, so cheap-if-normalized stays unproven. FY26 revenue grew 46.9% yet OPM stayed depressed at 8-11% against management's own 13-14% guide and the operating cycle reads CONTRACTION — volume is not converting to profit. The EXTREME MoS (-40.9%) is only attractive if margins normalize (normalized PE 9.6x at the 7th percentile), and until they do the strong working-capital tightening and 1.68x cash conversion keep it a hold, not a buy.
What would change Layer 1’s mind. Reported OPM recovering to >=12-13% for two quarters while CWIP falls and borrowings stay flat as the new assets commission (its own falsification, sharpened) — that would convert the depressed valuation into a genuine cheap-and-turning P1; continued revenue growth with margins stuck below 11% confirms the trap.
The test written in advance. The thesis improves if reported margins recover while the new assets move from construction into revenue without a further rise in leverage. It fails if revenue continues to grow but margin remains depressed after capacity additions have had time to contribute. — the thesis as written as stated by the next result.
What the company does. Reported revenue has expanded while operating margin declined, so volume is not yet converting into proportional profit. Capacity additions and renewable power can improve the economics, but their contribution has not been separately reported. The normalized valuation is low because current margin is depressed; that is an opportunity only if margin begins to recover.
🚨 What the surface reading misses. The surface reading is: Annual sales and profit increased. The research reads it further: Revenue grew faster than operating profit, so the recovery is volume-led and margin constrained.
🚨 What the surface reading misses. The surface reading is: The company reported rapid sales growth. The research reads it further: The gap between sales growth and profit growth identifies margin as the dominant constraint on the annual earnings result.
Sources: our stock research file (19 July 2026) · quarterly results through Jun 26 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Bhageria Industries Ltd reported ₹286 Cr of revenue in the Jun 26 quarter, +82.2% year on year. That is the 11th straight quarter of year-on-year growth. Over 6 years it has compounded at 13.3% a year. The last full year, FY26, came in at ₹874 Cr. The last four reported quarters add to ₹1,003 Cr.
FY26 revenue came in at ₹874 Cr (+46.9% on the year), capping 6 years at 13.3% compound. The latest quarter (Jun 26) printed ₹286 Cr, +82.2% year on year — the 11th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +57.7% growth against the decade's 13.3% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +57.0% over the last 4 quarters against +40.2%/yr over the last 8 — accelerating; TTM profit +55.8% vs +70.7%/yr — rolling over.
FY26-Q4. revenue ₹271 Cr and profit ₹11 Cr as reported.
FY27-Q1. revenue ₹286 Cr and profit ₹34 Cr as reported.
Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Bhageria Industries Ltd's operating margin is 15.0% in the Jun 26 quarter, +4.0 percentage points against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 9.0% to 26.0%. The current quarter sits inside that band.
Why this happened. Management identified existing-infrastructure leverage in plasticizers and manufacturing-cost reduction from solar. Both are forward operating levers rather than delivered earnings evidence.
The latest quarter's operating margin is 15.0%, +4.0 pp against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 9.0%–26.0%.
Why the margin moved: operating margin went +3.4 pp year on year while gross margin went −6.3 pp — the gain came mostly from the gross line: input costs and pricing.
FY26-Q4. revenue ₹271 Cr and profit ₹11 Cr as reported.
FY27-Q1. revenue ₹286 Cr and profit ₹34 Cr as reported.
Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Bhageria Industries Ltd earned ₹34.0 Cr of net profit in the Jun 26 quarter, +209.1% year on year. Full-year FY26 profit was ₹44.0 Cr. The 6-year compound rate is −6.5%. That is 11.9% of the quarter's revenue. The same quarter a year earlier earned ₹11.0 Cr.
Jun 26 profit was ₹34.0 Cr, +209.1% year on year. On the full year, FY26 printed ₹44.0 Cr (+12.8%), and the 6-year compound rate is −6.5%.
Why profit moved: revenue contributed +82.2% and the margin +4.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +66.4% vs revenue +57.7%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
FY26-Q4. revenue ₹271 Cr and profit ₹11 Cr as reported.
FY27-Q1. revenue ₹286 Cr and profit ₹34 Cr as reported.
Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 168% of Bhageria Industries Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹99.0 Cr of operating cash against ₹44.0 Cr of profit. After ₹173 Cr of capital spending, ₹−74.0 Cr was left as free cash.
Why this happened. Receivables and inventory days fell in the latest year, supporting operating cash conversion despite higher sales. This does not remove execution risk because cash is being reinvested in assets.
FY26: operating cash of ₹99.0 Cr against reported profit of ₹44.0 Cr, leaving free cash of ₹−74.0 Cr after ₹173 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 168% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 168%: the cash cycle tightened 32 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: the bigger cash user is investment — capital spending ran 2.3× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Bhageria Industries Ltd's cash conversion cycle runs 56 days in FY26, down from 88 days in FY21. Capital spending ran ₹224 Cr over the last 3 years. At FY26 sales of ₹874 Cr each day of that cycle holds about ₹2.4 Cr, so roughly ₹134 Cr sits inside the business at any moment.
Why this happened. The existing plant was described as close to full use and management gave an incremental-revenue estimate for the expanded line. The driver needs demand to remain firm and the extra capacity to reach commercial output.
FY26: debtors at 66 days, inventory at 32 days — roughly 1.1 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 56 days, tighter than FY21's 88.
The full loop: cash goes out to suppliers and production on day 0; stock waits 32 days to sell; customers pay about 66 days after that; and suppliers themselves are paid at 43 days — netting out to the 56-day cycle.
In money terms: at FY26 sales of ₹874 Cr, each day of the cycle holds about ₹2.4 Cr — so the 56-day loop keeps roughly ₹134 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹224 Cr over the last 3 fiscal years against ₹96.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹117 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Bhageria Industries Ltd earns a ROCE of 9% in FY26. That is up from a trough of 4% in FY23. Return on invested capital clears the cost of that capital by −4.8 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 5.0% net margin on 1.02× asset turns.
FY26 ROCE is 9%, recovered from a FY23 trough of 4% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 5.0% net margin × 1.02× asset turns × 1.44× balance-sheet leverage ≈ 7.3% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 7.2% − 12.0% = a −4.8 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Bhageria Industries Ltd carries total debt of ₹109 Cr against shareholder equity of ₹594 Cr as of Jun 26, a debt-to-equity of 0.18 — effectively unlevered. On the annual view that ratio went from 0.07 in FY22 to 0.18 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Jun 26: total debt of ₹109 Cr against shareholder equity of ₹594 Cr — a debt-to-equity of 0.18. On the annual view, debt-to-equity went from 0.07 (FY22) to 0.18 (FY26). The returns on this page are earned, not borrowed.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Bhageria Industries Ltd moved a full percentage point over the last two years — the register is quiet. Promoters moved +0.0 points over the same window, to 71.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: +0.1 points over 8 quarters to 0.1%; Promoters: +0.0 points over 8 quarters to 71.8%.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Bhageria Industries Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Bhageria Industries Ltd trades at 20.1× P/E, mid-range by its own standards (51st percentile). Its long-run median P/E is 19.9×, measured across 6.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 20.1× is mid-range by its own standards (51st percentile), against a long-run median of 19.9× measured over 6.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved +14.0% against a +55.3% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +5.2%/yr price move, ~−0.4%/yr came from earnings growth and ~+5.6 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 20 July 2026 price, Bhageria Industries Ltd was paying for profit growth of about 14.2% a year. Profit itself has compounded −6.5% a year over the past 6 years. Today the market pays 20.1× P/E, the 51st percentile of its own 6-year range.
What the two numbers say together. The multiple is unremarkable against its own past, and the growth the price is paying for is above what this company has actually delivered.
How to hold this number: it is a reading of one day's price, taken on 20 July 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Bhageria Industries Ltd reads as mixed on its fundamental arc. Mixed — growth is normalizing off a hyper-growth base: profit growth has eased from +100.0% at its peak to +55.8% but is still expanding, ROCE lifting at 9.0%. The read is built from 8 quarters across 4 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +46.9% | +20.4% | +16.8% | — |
| Profit | +12.8% | +43.1% | −6.9% | — |
| EPS | +14.0% | +46.2% | −6.0% | — |
| Share price | +55.3% | +24.2% | +5.2% | +12.9% |
4-Factor Sector Score
71.2/100 — rank 1 of 10 in Dyes & Pigments · 87% evidence confidence
Bhageria Industries Ltd scores 71.2 out of 100 against the 10 companies it is compared with in Dyes & Pigments, ranking 1. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 30.2 + 14.4 + 9 + 17.6 = 71.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Said versus delivered
What Bhageria Industries Ltd's management promised, set against what actually arrived — 2 tracked promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.
Sulphuric Acid Backward Integration Model · 28 October 2025. Management provided contradictory explanations of its sulphuric acid operations within the October 2025 call. Initially, it was stated that the company buys 60% of its requirements from outside sources, but later in the call, management clarified they are a significant net seller, consuming just 30% of their capacity and selling the large surplus. Earlier call (Oct 2025): “40% of our sulphuric acid requirement is through the in-house plant only. Yeah. 40% in-house and 60% is bought from outside.” Later call (Oct 2025): “Capacity is around 10,000 tons cumulative equivalent to sulphuric acid, and we are consuming around 2,500 to 3,000 tons a month. So the balance 7,000 tons we are selling in the open market.”
Competitive Threat Assessment from China · 28 October 2025. During the October 2025 call, management first dismissed any competitive threat from China, stating there was none 'at least for now'. However, later in the Q&A, they cited the recent cessation of Chinese 'dumping' as a primary reason to expect future margin improvement, directly contradicting the earlier assessment of China's market impact. Earlier call (Oct 2025): “No, we don”. Later call (Oct 2025): “And China was really dumping in the last two or three years, but now they have stopped it. So we expect better margins going forward.”
Every quote above is taken word for word from the company’s own earnings calls.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Bhageria Industries Ltdthis pageBHAGERIA | 71.2/100Favorable setup87% evidence | LEADER | 30.2/35 Revenue 57% · PAT 55.8% · OPM change 4 pp 95% evidence | 14.4/25 ROCE 9.4% · OPM 15% 95% evidence | 9.0/20 P/E 20.1× · PEG — 50% evidence | 17.6/20 RS sector 26.3% · RS bench 70.5% · 1Y 59.4%12 of 12 weeks ahead 100% evidence |
| Exact sum: 30.2 + 14.4 + 9 + 17.6 = 71.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Ultramarine & Pigments LtdULTRAMAR | 66.2/100Favorable setup81% evidence | TURNING | 23.0/35 Revenue 15.6% · PAT 16.5% · OPM change 2 pp 95% evidence | 17.3/25 ROCE 10.8% · OPM 19% 95% evidence | 13.3/20 P/E 13.9× · PEG — 50% evidence | 12.6/20 RS sector 9.3% · RS bench 3.6% · 1Y -8.5%2 of 9 weeks ahead 70% evidence |
| Exact sum: 23 + 17.3 + 13.3 + 12.6 = 66.2 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 3Atul LtdATUL | 62.3/100Mixed-positive evidence100% evidence | ASLEEP | 27.4/35 Revenue 15.8% · PAT 56.3% · OPM change 5 pp 100% evidence | 18.0/25 ROCE 14.9% · OPM 21% 100% evidence | 15.1/20 P/E 23.1× · PEG 0.69 100% evidence | 1.8/20 RS sector -27.2% · RS bench -0.4% · 1Y -0.9%0 of 12 weeks ahead 100% evidence |
| Exact sum: 27.4 + 18 + 15.1 + 1.8 = 62.3 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -27.2% and the one-year return is -0.9%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 4Bodal Chemicals LtdBODALCHEM | 58.8/100Mixed-positive evidence80% evidence | TURNING | 21.2/35 Revenue 27.6% · PAT 100% · OPM change 0 pp 95% evidence | 8.3/25 ROCE 5.6% · OPM 10% 95% evidence | 9.3/20 P/E 31.6× · PEG — 15% evidence | 20.0/20 RS sector 101.8% · RS bench 169.2% · 1Y 164.7%4 of 12 weeks ahead 100% evidence |
| Exact sum: 21.2 + 8.3 + 9.3 + 20 = 58.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Vidhi Specialty Food Ingredients LtdVIDHIING | 52.0/100Mixed-positive evidence81% evidence | BREAKING OUT | 14.7/35 Revenue 12.9% · PAT 10.4% · OPM change -5 pp 95% evidence | 17.8/25 ROCE 18.8% · OPM 18% 95% evidence | 10.7/20 P/E 31.4× · PEG — 50% evidence | 8.8/20 RS sector -9.9% · RS bench 5.3% · 1Y -13.3%5 of 10 weeks ahead 70% evidence |
| Exact sum: 14.7 + 17.8 + 10.7 + 8.8 = 52 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Kiri Industries LtdKIRIINDUS | 48.5/100Mixed-negative evidence75% evidence | BREAKING OUT | 22.4/35 Revenue 25% · PAT 100% · OPM change 13 pp 95% evidence | 5.3/25 ROCE -1.7% · OPM 5% 76% evidence | 11.5/20 P/E 4.4× · PEG — 15% evidence | 9.3/20 RS sector -15.7% · RS bench 15.1% · 1Y 2.7%4 of 12 weeks ahead 100% evidence |
| Exact sum: 22.4 + 5.3 + 11.5 + 9.3 = 48.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7Sudarshan Chemical Industries LtdSUDARSCHEM | 43.4/100Mixed-negative evidence94% evidence | BREAKING OUT | 19.8/35 Revenue 90.2% · PAT 2.3% · OPM change 2 pp 100% evidence | 7.8/25 ROCE 5.5% · OPM 10% 100% evidence | 6.9/20 P/E 97.8× · PEG 1.42 100% evidence | 8.9/20 RS sector -13.2% · RS bench 25.7% · 1Y -12.4%10 of 10 weeks ahead 70% evidence |
| Exact sum: 19.8 + 7.8 + 6.9 + 8.9 = 43.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Sudarshan Colorants India LtdSUDARCOLOR | 37.0/100Mixed-negative evidence87% evidence | BREAKING OUT | 6.8/35 Revenue -8.1% · PAT -25.4% · OPM change 0 pp 95% evidence | 14.5/25 ROCE 11.4% · OPM 12% 95% evidence | 14.1/20 P/E 16.9× · PEG — 50% evidence | 1.6/20 RS sector -30.7% · RS bench -5.6% · 1Y -36.3%6 of 12 weeks ahead 100% evidence |
| Exact sum: 6.8 + 14.5 + 14.1 + 1.6 = 37 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 9Sadhana Nitro Chem LtdSADHNANIQ | 31.4/100Adverse evidence69% evidence | BREAKING OUT | 9.2/35 Revenue -69% · PAT -80% · OPM change 1.6 pp 71% evidence | 3.5/25 ROCE -11.1% · OPM 8.5% 95% evidence | 10.0/20 P/E — · PEG — 0% evidence | 8.7/20 RS sector -3.7% · RS bench 29.7% · 1Y 5.9%12 of 12 weeks ahead 100% evidence |
| Exact sum: 9.2 + 3.5 + 10 + 8.7 = 31.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Indokem LtdINDOKEM | 30.9/100Adverse evidence74% evidence | 6.8/35 Revenue -4.5% · PAT -57.5% · OPM change 0.5 pp 95% evidence | 2.5/25 ROCE 5.5% · OPM 4.8% 95% evidence | 8.5/20 P/E 764× · PEG — 15% evidence | 13.1/20 RS sector 27.1% · RS bench 0.7% · 1Y 27.4%6 of 12 weeks ahead 70% evidence | |
| Exact sum: 6.8 + 2.5 + 8.5 + 13.1 = 30.9 · Decision use: Price leads the evidence: RS versus the benchmark is 0.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Bhageria Industries Ltd's share price today?
Bhageria Industries Ltd trades at ₹317, +55.3% over the past year. The company is valued at ₹1,384 Cr. The stock sits at the very top of its 52-week range (₹134–₹317), +58.9% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 13 weeks in. — as of 11 September 2026.
What were Bhageria Industries Ltd's latest quarterly results?
Bhageria Industries Ltd reported revenue of ₹286 Cr and net profit of ₹34.0 Cr for the Jun 26 quarter. Revenue rose 82.2% and profit rose 209.1% year on year. Earnings per share were ₹7.82. The operating margin was 15.0%, 4.0 pp higher than a year earlier. — as of 11 September 2026.
What is Bhageria Industries Ltd's revenue?
Bhageria Industries Ltd reported revenue of ₹286 Cr in the Jun 26 quarter, +82.2% year on year. For the full FY26 fiscal year, revenue was ₹874 Cr (+46.9%). Over the last 6 years revenue compounded at 13.3% a year. — as of 11 September 2026.
What is Bhageria Industries Ltd's profit?
Bhageria Industries Ltd earned ₹34.0 Cr of net profit in the Jun 26 quarter, +209.1% year on year. Full-year FY26 profit was ₹44.0 Cr. The operating margin ran 15.0% in the latest quarter. — as of 11 September 2026.
What is Bhageria Industries Ltd's market cap?
Bhageria Industries Ltd's market capitalisation is ₹1,384 Cr at a share price of ₹317. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is Bhageria Industries Ltd's P/E ratio?
Bhageria Industries Ltd trades at a P/E of 20.1×, at the 51st percentile of its own 6-year range, against a long-run median of 19.9×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does Bhageria Industries Ltd pay a dividend?
Yes — Bhageria Industries Ltd's dividend payout was 24% of profit in FY26, and it recorded a payout in each of its last 7 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.
Is Bhageria Industries Ltd overvalued?
On its own history, Bhageria Industries Ltd looks mid-range: its P/E of 20.1× sits at the 51st percentile of its 6-year range (long-run median 19.9×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.
Is Bhageria Industries Ltd growing?
Yes — Bhageria Industries Ltd is growing: latest-quarter revenue +82.2% year on year, profit +209.1%, and the margin +4.0 pp at 15.0%. The 6-year compound rates are 13.3% (revenue) and −6.5% (profit). The earnings engine currently reads: improving — as of 11 September 2026.
How is Bhageria Industries Ltd performing?
Bhageria Industries Ltd is in a confirmed uptrend, 13 weeks in. Its latest quarter's revenue rose 82.2% and profit rose 209.1% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 3 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
What stage is Bhageria Industries Ltd in?
Mixed — growth is normalizing off a hyper-growth base: profit growth has eased from +100.0% at its peak to +55.8% but is still expanding, ROCE lifting at 9.0%. The read comes from the last 12 quarters of growth (revenue growth +57.0% latest, profit growth +55.8% latest, eps growth +50.8% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is Bhageria Industries Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 13 of stage 2), trading +58.9% versus its 200-day average and at the very top of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is Bhageria Industries Ltd beating the market?
On recent form, yes — Bhageria Industries Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +1,067% against the NIFTY 500's +267% — ahead of the index over the full window. — as of 11 September 2026.
Will Bhageria Industries Ltd's share price go up?
This page publishes no price forecast for Bhageria Industries Ltd. What it measures instead: the share price is ₹317, the price is in a confirmed uptrend 13 weeks in. Its P/E of 20.1× sits at the 51st percentile of its own 6-year range. — as of 11 September 2026.
Who owns Bhageria Industries Ltd?
Promoters hold 71.8% of Bhageria Industries Ltd, foreign institutions 0.1%, domestic institutions null% and the public 28.2% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 11 September 2026.
Does Bhageria Industries Ltd have too much debt?
No — Bhageria Industries Ltd's debt-to-equity is 0.18, and operating profit covers the interest bill 30×. FY26 borrowings were ₹109 Cr against equity of ₹597 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.
What is Bhageria Industries Ltd's capex?
Bhageria Industries Ltd spent ₹224 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹173 Cr, with ₹117 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is Bhageria Industries Ltd's cash flow?
Bhageria Industries Ltd generated ₹99.0 Cr of operating cash flow in FY26 and ₹−74.0 Cr of free cash flow after ₹173 Cr of capital spending. Reported profit that year was ₹44.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is Bhageria Industries Ltd's profit real cash?
Yes — over the last 3 fiscal years, 168% of Bhageria Industries Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹99.0 Cr against reported profit of ₹44.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 11 September 2026.
Where is Bhageria Industries Ltd in its business cycle?
Bhageria Industries Ltd's FY26 operating margin was 10.0%, against a 7-year band of 9.0%–26.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 15.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What growth does Bhageria Industries Ltd's price assume?
At its price on 20 July 2026, Bhageria Industries Ltd was priced for profit growth of about 14.2% a year. Profit itself has compounded −6.5% a year over the past 6 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.
What could break the Bhageria Industries Ltd story?
The sharpest disagreement: the price moved +55.3% in a year while annual EPS moved +14.0% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is Bhageria Industries Ltd a stock worth studying right now?
This is not investment advice. The machine read: Bhageria Industries Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!