BHARATRAS · Bharat Rasayan Ltd · Chemical Manufacturing
BHARATRAS · Bharat Rasayan Ltd · Chemical Manufacturing
As of 05 Nov close
52-week range
65.5% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹338 Cr
Revenue YoY
PAT YoY
-6.1%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
1.5
P/S (TTM)
1.6
Sector P/E
20.6
Dividend yield
+0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| BHARATRAS (this stock) | 15.7 | 1.5 | +11.9% | +11.2% | 0 | +0.0% |
| Asian Paints | 53 | 11.1 | +12.8% | +22.3% | 0.18 | +1.1% |
| Solar Industries India | 99.6 | 26.6 | +17.6% | +31.4% | 13.68 | +0.1% |
| Pidilite Industries | 61.3 | 19.4 | +17.2% | +24.4% | 0.04 | +0.7% |
Promoter
stable
FII
falling 1q
MF
1.89% (-0.09pp)
falling 3q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedThe annual report of Bharat Rasayan Limited outlines the company's adherence to corporate governance, risk management, and sustainability initiatives. The report highlights the company's focus on maintaining strong internal controls, compliance with regulatory requirements, and fostering a culture of ethical behavior and transparency. The Board of Directors has emphasized the importance of agility, innovation, and stakeholder engagement in driving long-term value creation.
- The company has established a robust risk management framework to identify, evaluate, and monitor business risks.
- The Board of Directors has implemented a comprehensive corporate governance structure, including regular evaluations of Board performance and committee effectiveness.
- The company is committed to ethical business practices, with a focus on transparency, accountability, and stakeholder engagement.
Key takeaway: Bharat Rasayan Limited prioritizes strong corporate governance, risk management, and ethical business practices to ensure long-term sustainability and stakeholder value creation.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (2 items); Regulatory Action (1 item); Default / Covenant Breach (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
2 occurrencesEarlier (1-3 years ago)
The auditor provided a disclaimer in its audit report due to non-receipt of information, as required by ICAI/NFRA standards.
Older (3+ years ago)
The auditor provided a disclaimer in its audit report due to non-receipt of information from the listed entity or its material subsidiary, as required by ICAI / NFRA standards.
Regulatory Action
1 occurrenceOlder (3+ years ago)
A promoter group member pledged 20,000 equity shares (0.64% of promoter group's total shareholding) but failed to disclose it to the company and NSE within 7 days as required by SEBI regulations. The company notified NSE and requested compliance from the promoter group member.
Default / Covenant Breach
1 occurrenceRecent (last 12 months)
The company has a pending statutory dispute related to Environmental Damage Compensation (EDC) for the Dahej Plant fire incident, amounting to ₹14.78 crore, which remains sub judice with an appeal to the Supreme Court of India.
Routine disclosures
Internal Control Weakness
1 occurrenceEarlier (1-3 years ago)
The auditor has identified a material weakness in the company's internal controls over financial reporting.
Contingent Liability
5 occurrencesRecent (last 12 months)
The company has contingent liabilities including guarantees given to The New India Assurance Company Limited amounting to 710.00 Lakhs and sureties given to Dy. Excise & Taxation Commissioner (S.T. Rohtak) amounting to 8.16 Lakhs.
Earlier (1-3 years ago)
The company has contingent liabilities including guarantees given to The New India Assurance Company Limited amounting to 710.00 lakhs, and sureties given to various authorities such as Dy. Excise & Taxation Commissioner (S.T. Rohtak) and Customs and Central Excise Commissioner, Jammu (J&K).
The company has provided guarantees to entities including The New India Assurance Company Limited, Dakshin Gujarat Vij Company Limited, The Commissioner of Customs, SHV Energy Pvt. Ltd., Gujarat Pollution Control Board, and Shree Cement Limited, as listed in Note 37 of the financial statements.
Older (3+ years ago)
The company has issued guarantees and sureties to various entities including New India Assurance Company Limited, Dakshin Gujarat Vij Company Limited, the Commissioner of Customs, SHV Energy Pvt. Ltd., and the Gujarat Pollution Control Board, as well as sureties to the Dy. Excise & Taxation Commissioner (S.T. Rohtak) and the Customs and Central Excise Commissioner, Jammu (J&K).
On 17th May 2022, a fire occurred in one block of the company's plant located at Plot No. 42/4, Amod Road, GIDC, Dahej, Gujarat-392130. The company is assessing the damage and believes it is covered by insurance policies.
Related-Party Transaction
6 occurrencesRecent (last 12 months)
The company approved existing and new material related party transactions with M/s. B R Agrotech Limited and M/s. Bharat Certis Agriscience Limited.
Earlier (1-3 years ago)
The company has disclosed related party transactions involving key management personnel, including loans and interest payments, with amounts and outstanding balances listed for the periods ended 31.03.2025 and 31.03.2024.
The company is considering approving existing and new material related party transactions with M/s. B R Agrotech Limited.
Older (3+ years ago)
The company approved a material related party transaction with M/s. Bharat Certis Agriscience Limited.
The company is seeking shareholder approval for existing and new material related party transactions with M/s. B R Agrotech Limited.
The company has transactions with related parties, including loans taken and repaid, and interest on loans, involving key management personnel and their family members.
Statutory dues in dispute
3 occurrencesEarlier (1-3 years ago)
The company has a pending statutory dispute related to Environmental Damage Compensation (EDC) for the Dahej Plant fire incident, with ₹14.78 Crore deposited under protest, and the matter is sub judice before the Supreme Court. Additionally, there is a pending GST appeal for FY 2017-18 with an amount of ₹10.22 Lakh and a customs license error dispute with ₹11.43 Lakh pending before the Commissioner of Customs (Appeals).
The company has not deposited certain statutory dues, including MEIS Benefit under the Custom Act, amounting to an unspecified amount for the period 2016-17 to 2019-20, with the dispute pending before the Tribunal. However, an appeal filed by the company was decided in its favor on 01.05.2024.
Older (3+ years ago)
The company has outstanding statutory dues under the Custom Act related to MEIS Benefit for the periods 2016-17 to 2019-20, with a dispute pending before the Tribunal. The company has filed an appeal to CESTAT, Mumbai regarding this demand order.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
1.75% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).