Company Overview

Bohra Industries Limited (BIL) is an India-based company primarily engaged in the manufacturing of phosphatic fertilizers. The company's product range includes Single Super Phosphate (SSP), Granulated Single Super Phosphate (GSSP), and Triple Super Phosphate (TSP). An ISO Certified Co., BIL is headquartered in Udaipur, Rajasthan, and has established itself as a significant player in India's fertilizer industry since its incorporation.

Bohra Industries Limited is a Public company incorporated on 28 November 1996. It is classified as a Non-government company and is registered at the Registrar of Companies, Jaipur. The company underwent several name changes, originally starting as Aminag Minchem Private Limited in 1996 before becoming Bohra Industries Limited.

BIL is promoted by Mr. Shri Krishna Agarwal Ji, a visionary with extensive experience in the import and export of plastics, chemicals, and fertilizers, as well as in IT and communications. The promoter also brings over 12 years of experience in construction projects involving steel and cement, along with considerable trading experience in various fertilizers.

Financial Performance and Market Position

Market Capitalization and Stock Performance

As of May 2025, Bohra Industries Ltd (BOHRAIND) had a market capitalization of ₹41.49 Crore. The company's stock has experienced significant volatility, with its 52-week high recorded at ₹39.29 and the 52-week low at ₹11.82.

Recent Financial Results

The company has faced considerable operational challenges in recent periods. For FY25, Bohra Industries reported an audited loss of ₹368.33 Lakhs, with no revenue reported and an unmodified audit opinion. This indicates significant operational difficulties and a complete absence of revenue generation for the fiscal year.

Financial performance has been concerning, with continuing quarterly losses. A net loss of ₹0.43 crore was reported for the quarter ended December 2024, compared to a net loss of ₹0.63 crore in the previous quarter ended December 2023. Notably, no sales were reported in either of these quarters.

Key Financial Metrics

- Market Cap: ₹41.49 Crore (as of May 14, 2025)

- Profit/Loss (FY25): -₹3.68 Crore

- Revenue: No revenue reported for recent quarters (FY25, Q3 FY24-25)

- Promoter Holding: 26.4%

- Debt-to-Equity: 1% (Indicating a healthy balance sheet position in terms of debt)

Business Operations and Product Portfolio

Product Offerings and Market Presence

The Company manufactures Single Super Phosphate (SSP) and Granulated Single Super Phosphate (GSSP), which are straight phosphatic multi-nutrient fertilizers containing essential micronutrients and addressing sulphur deficiency in soils. These products are suitable for various crops including oilseeds, pulses, sugarcane, fruits, vegetables, and tea. TSP is applied where soils have low or average phosphorus levels, suitable for application during or immediately after planting.

The company's SSP fertilizer is sold under the brand name MAHALAKSHMI across 17 states in India. It is also marketed by leading fertilizer companies in India through dealers and marketers.

Manufacturing Capabilities and Infrastructure

Bohra Industries has demonstrated a commitment to growth through capacity expansion. The company increased its Granulated Single Super Phosphate (GSSP) capacity from 200 TPD to 300 TPD in the fiscal year 2016-17. Manufacturing facilities were fully automated and PLC controlled by August 2019.

Capital Structure and Shareholding

The company's authorized share capital stands at ₹20,00,00,000, with a paid-up capital of ₹14,29,71,520. The shareholding pattern reveals a Promoter holding of 26.4%, which has been a point of concern for investors, potentially indicating limited promoter confidence or stake dilution.

Public Offering and Capital Raising

The Company successfully launched an Initial Public Offer (IPO) in March 2017, comprising 45,72,000 Equity Shares, raising an aggregate of ₹25.14 Crore. This IPO provided capital for the company's operations and expansion plans.

Industry Position and Sector Overview

Bohra Industries Limited operates within the Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing Industry in Udaipur, Rajasthan. It is positioned in the Materials sector, specifically within the Fertilizers & Agro Chemicals sub-sector, where it competes with established players in the Indian fertilizer market.

Current Status and Future Outlook

The current status of Bohra Industries Limited is marked as 'Active'. However, the company faces significant operational challenges, including a lack of revenue generation in recent quarters and mounting losses. The absence of sales activity suggests the company may be undergoing restructuring or experiencing production-related issues that have temporarily halted operations.

The Indian fertilizer industry is crucial for agricultural productivity, and companies like Bohra Industries play a role in meeting the nation's phosphatic fertilizer requirements. The company's established brand presence under MAHALAKSHMI and its distribution network across 17 states provide a foundation for potential recovery. However, immediate and significant operational improvements are essential for achieving sustainable growth and market relevance.