Bhaskar Agrochemicals Limited (BHASKAGR.BO) 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

-465.3%

-₹372.58

vs ₹102.00 price

Levered DCF

₹13.78

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B-

Overall 3 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	19.92×	9.59×	18.26×	159.4×	30.48×	19.72×	10.21×	15.11×
P/B	4.25×	2.11×	2.3×	3.1×	2.81×	1.64×	0.67×	1.24×
P/S	0.77×	0.41×	0.48×	0.68×	0.53×	0.26×	0.12×	0.21×
EV / EBITDA	10.79×	6.36×	8.14×	11.63×	9.56×	8.54×	5.89×	8.25×
Gross margin	37.0%	37.9%	32.8%	27.5%	21.5%	11.7%	11.9%	11.4%
Operating margin	26.5%	20.2%	18.4%	16.4%	13.8%	7.9%	8.4%	8.0%
Net margin	3.8%	4.3%	2.6%	0.4%	1.7%	1.3%	1.2%	1.4%
Current ratio	1.1×	1.2×	1.15×	1.03×	1.03×	0.82×	0.69×	0.68×
Debt / equity	0.73×	1.14×	1.28×	1.49×	1.39×	1.04×	1.21×	1.48×
Interest coverage	0×	9.39×	0×	0×	0×	0×	0×	0×
Dividend yield	0.4%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	8.6%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	21.3%	22.0%	12.6%	1.9%	9.2%	8.3%	6.5%	8.2%
Return on invested capital	59.2%	32.1%	23.3%	3.6%	16.6%	23.8%	20.9%	18.9%
Return on assets	6.6%	6.7%	3.5%	0.5%	2.5%	2.7%	2.1%	2.3%
Free cash flow yield	7.9%	-2.0%	6.7%	-0.2%	-13.4%	10.1%	44.9%	4.4%
Earnings yield	5.0%	10.4%	5.5%	0.6%	3.3%	5.1%	9.8%	6.6%
Enterprise value	₹1.1B	₹575.4M	₹493.8M	₹553.2M	₹495.9M	₹274M	₹174.8M	₹237.4M
Net debt / EBITDA	1.47×	2.23×	2.9×	3.77×	3.16×	3.32×	3.79×	4.47×
Cash conversion cycle (days)	130	146	122	116	93	16	55	58