Bhageria Industries share price today

Bhageria Industries Ltd's share price was ₹354.35 at the close on 4 November 2026. It has been rising for 20 weeks. That is 45.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹134 and ₹394, and at that close it sat 85% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Bhageria Industries Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 12 weeks in a row.

Over the last 11 years the share price moved +1,204% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), best operating margin in 16 quarters and highest quarterly profit in 16 quarters.

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹456 crore, +123.5% on a year earlier.

2. Best operating margin in 16 quarters

   Operating margin was 19% in the September 2026 quarter, against 11% a year earlier.

3. Highest quarterly profit in 16 quarters

   Profit of ₹56 crore in the September 2026 quarter is the highest of the last 16 quarters.

For July to September 2026 (the quarter ended 30 September 2026), Bhageria Industries reported revenue of ₹456 crore, up 123.5% from ₹204 crore a year earlier, and a profit of ₹56.0 crore, up 409.1% from ₹11.0 crore.

Bhageria Industries results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 28 October 2025, about July to September 2025; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Bhageria Industries closed at ₹354.35 on 4 November 2026, up 69.2% from ₹209.40 a year earlier (7 November 2025) and up 35.3% over five years. Its highest weekly close since March 2016 was ₹393.90 on 25 September 2026.

Bhageria Industries share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Bhageria Industries closed at ₹354.35, down 2.2% on the week and down 7.5% on the month. Results for July to September 2026: Revenue up 123.5% and profit up 409.1% on a year earlier.

Earlier

• 24 Jul 2026: ex-date for a dividend of ₹2.50 a share.
• Our read, 19 Jul 2026: Bhageria is increasing chemical volume and spending on new product lines, but margins remain below the prior operating level and the evidence for a turn is incomplete.
• 28 Oct 2025: Bhageria Industries held its results call for July to September 2025. Management guided: FY26 total revenue from the chemical segment is expected to be between Rs "725" to "775" crores.

Our read of the business

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.

Latest quarter: Revenue expanded while operating margin remained below the earlier management band.

Our read after the latest results, written 19 July 2026.

Bhageria Industries paid ₹2.50 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.71% at the ₹354.35 close on 4 November 2026. The last was a dividend of ₹2.50 a share, ex-date 24 July 2026.

Bhageria Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Bhageria Industries Ltd paid out 24% of its profit as dividends in FY26, and it paid a dividend in each of its last 7 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2025, held on 28 October 2025, Bhageria Industries' management guided: FY26 total revenue from the chemical segment is expected to be between Rs "725" to "775" crores.

“With the plant already operating at about 95% utilization, the incremental capacity is expected to generate 50 to 65 crores additional revenue at the present price once fully operational”Management, on the call for July to September 2025

What management guided

• Margins are expected to improve to "13%"-"14%" in the coming quarters (Q3/January to March 2026), primarily driven by the full commercialization of new capacities and focus on higher-margin export markets.
• Export volumes are expected to continue showing a healthy trend and are a higher-margin business, potentially increasing dye intermediate margins by about "2%"-"3%".
• The company expects January to March 2026 demand for key products to be much better, with good demand forecasted for November and December.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2025, 28 October 2025. The July to September 2026 results are out since, so this part may be out of date until we update it.

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.

Each change stops working if

• : Demand weakens or the expanded line does not add reported chemical revenue.
• : The new lines do not generate visible contribution while capital remains tied up.
• : The cash cycle reverses while operating cash weakens and construction spending continues.

The main risks

• : Margin recovery did not meet the earlier management expectation. ⚠ estimate
• : Construction spending and borrowings have risen before the new assets have disclosed returns. ⚠ estimate
• : China and sulphuric-acid commentary was internally inconsistent. ✓ fact

Our read after the latest results, written 19 July 2026.

When Bhageria Industries reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Another reported quarter with low operating margin despite new capacity contribution.

Bhageria Industries is on one of our India lists: Momentum stocks.

Bhageria Industries Ltd earned ₹56.0 Cr of net profit in the Sep 2026 quarter, +409.1% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹44.0 Cr. Over 6 years profit has grown −6.5% a year on average. That is 12.3% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹11.0 Cr.

For the full year, FY26 profit was ₹44.0 Cr (+12.8% on the year before).

Why profit moved: revenue changed +123.5% on a year earlier and the margin moved +8.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +147.9% and revenue +74.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FY27-Q1. revenue ₹286 Cr and profit ₹34 Cr as reported.

FY27-Q2. revenue ₹456 Cr and profit ₹56 Cr as reported.

Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.

Bhageria Industries Ltd reported ₹456 Cr of revenue in the Sep 2026 quarter, +123.5% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 6 years it has grown 13.3% a year on average. The last full year, FY26, came in at ₹874 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,255 Cr.

FY26 revenue was ₹874 Cr, +46.9% on the year before.

Recent pace: the last four quarters grew +74.0% on average, against 13.3% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +75.8%, against +53.0% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +133.3%, against +107.5% a year (accelerating).

FY27-Q1. revenue ₹286 Cr and profit ₹34 Cr as reported.

FY27-Q2. revenue ₹456 Cr and profit ₹56 Cr as reported.

Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.

Bhageria Industries Ltd's operating margin was 19.0% in the Sep 2026 quarter, 8.0 percentage points higher than the same quarter a year ago. Across 7 years it has been between 9.0% and 26.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

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.

Why the margin moved: operating margin changed +7.3 percentage points on the year while gross margin changed +0.1 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

FY27-Q1. revenue ₹286 Cr and profit ₹34 Cr as reported.

FY27-Q2. revenue ₹456 Cr and profit ₹56 Cr as reported.

Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.

Over the last 3 years, 168% of Bhageria Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹99.0 Cr of operating cash against ₹44.0 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

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.

After ₹173 Cr of spending on assets, free cash was −₹74.0 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 168% of profit came in as cash: the cash cycle got 32 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.3× depreciation over three years. The next section checks what that spending is building.

Bhageria Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 56 days in FY26, down from 88 days in FY21. It spent ₹224 Cr on assets over the last 3 years. Customers take 66 days to pay, and stock sits for 32 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

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.

At FY26 sales of ₹874 Cr, each day of that cycle ties up about ₹2.4 Cr, so roughly ₹134 Cr is tied up in the business at any time.

FY26: customers took 66 days to pay and stock sat for 32 days, about 1.1 months of sales sitting as stock, for a full cycle of 56 days, shorter than FY21's 88.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 32 days. Customers pay about 66 days after that. Suppliers are paid at 43 days. Together that makes the 56-day cycle.

Spending on assets: ₹224 Cr over the last 3 years, against ₹96.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹117 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Bhageria Industries Ltd's P/E is 13.7×, near the low end of its own history: it has been lower only 25% of the time. Its usual P/E (the middle reading) is 20.1×, over 6.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.