Bharat Rasayan Limited is an Indian company dealing in the business of agrochemicals. The company manufactures and markets technical-grade pesticides, pesticide formulations, and intermediaries. Bharat Rasayan was incorporated in 1989 as a public limited company and its market capitalisation, as of 14 October 2022, is Rs 4,529 crore. The company has two manufacturing units in India in Haryana and Gujarat. Its head office is located in New Delhi.
The company is listed on the National Stock Exchange and the Bombay Stock Exchange under the codes BHARATRAS and 590021, respectively.
The company’s plant at Rohtak, Haryana, has a manufacturing capacity of 4,260 metric tonnes and is responsible for the bulk of production. The company caters to national and several international markets for their P2P requirements. It has got international accreditation and ISO 9001:2008 certification from the Government of India. In the quarter that ended June 2022, the company reported consolidated sales of Rs 327.40 crore with a net profit of Rs 37.66 crore.
As per the shareholding pattern of the company in June 2022, a 74.99% stake in the company was held by promoters, a 22.12% stake was held by retail investors, 2.57% was invested in mutual funds, and 0.32% stake was held by foreign institutional investors. Top mutual funds in which the company has invested include PGIM India Midcap Opportunities Fund Direct Growth and Quant Small Cap Fund Direct Growth. The company’s management team comprises Mr S N Gupta (Chairman and MD), Mr M P Gupta (Whole-time Director), Mr Pankaj Gupta (Non-Executive and Independent Director), and Mr Ram Kanwar (Non-Executive and Independent Director), among others.
On 14 October 2022, Bharat Rasayan Limited’s share price was Rs 10,818.25 per share at the NSE and Rs 10,700 per share at the BSE. Bharat Rasayan shares have provided a one-year return of -12.97%, and its 52-week low and 52-week high prices are Rs 9482.75 and Rs 14,362.90, respectively. The PE and PB ratios of the company, as of 14 October 2022, stood at 25.22 and 0.17, respectively. The top peers of the company include Bayer Crop Science, P I Industries, UPL, and Sumitomo Chemicals.
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