Bhagiradha Chemicals & Industries Limited (BHAGCHEM.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-249.9%

-₹293.73

vs ₹195.92 price

Levered DCF

-₹405.37

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

4.36

Safe zone

Rating

D+

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	122.48×	249.25×	93.57×	27.04×	23.6×	29.51×	105.22×	36.85×
P/B	3.19×	5.06×	4.48×	3.89×	4.44×	4.42×	5.21×	5.25×
P/S	4.15×	7.84×	4.55×	2.43×	1.94×	2.17×	2.8×	1.75×
EV / EBITDA	42.73×	76.02×	44.12×	16.67×	14.14×	16.62×	36.85×	18.05×
Gross margin	24.3%	36.9%	22.5%	24.0%	23.7%	23.4%	10.2%	12.0%
Operating margin	6.8%	5.2%	7.9%	13.5%	13.7%	12.2%	4.2%	9.5%
Net margin	3.4%	3.1%	4.5%	9.0%	8.2%	7.3%	2.6%	4.8%
Current ratio	1.78×	1.92×	2.23×	2.27×	1.31×	1.2×	0.95×	1.15×
Debt / equity	0.34×	0.13×	0.15×	0.16×	0.43×	0.4×	0.32×	0.37×
Interest coverage	2.07×	3.25×	4.17×	13.59×	6.62×	4.7×	1.9×	5.7×
Dividend yield	0.1%	0.0%	0.2%	0.3%	0.1%	0.0%	0.3%	0.0%
Payout ratio	10.7%	9.0%	17.1%	6.9%	2.3%	0.0%	30.8%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	2.6%	2.0%	4.4%	14.4%	18.8%	15.0%	4.9%	14.3%
Return on invested capital	3.3%	1.6%	4.4%	12.6%	14.8%	12.8%	4.3%	13.0%
Return on assets	1.6%	1.5%	3.2%	10.1%	10.5%	8.5%	2.9%	6.7%
Free cash flow yield	-6.9%	-8.8%	-2.4%	-3.8%	-1.3%	-2.6%	1.4%	1.6%
Earnings yield	0.8%	0.4%	1.0%	3.7%	4.2%	3.4%	0.9%	2.7%
Enterprise value	₹24.4B	₹35.1B	₹19B	₹12.7B	₹9.2B	₹7.5B	₹7.3B	₹7.2B
Net debt / EBITDA	3.78×	1.3×	1.2×	0.62×	1.2×	1.37×	2.03×	1.13×
Cash conversion cycle (days)	146	192	150	123	96	75	72	53