Bhagiradha Chemicals and Industries Limited, incorporated on July 07, 1993, is a prominent Indian company engaged in the manufacturing of Crop Protection Chemicals. Promoted by Singavarapu Chandra Sekhar and Kudaravalli Rama Krishna, and originally conceived by late Sri S. Koteswara Rao, a former scientist at the Indian Institute of Chemical Technology, Hyderabad, the company operates its manufacturing facility in Ongole, Prakasam District of Andhra Pradesh.
Bhagiradha Chemicals & Industries Limited operates within the agrochemicals sector, focusing on crop protection solutions. The company boasts a diverse portfolio of 15 products encompassing various insecticides, herbicides, fungicides, and other crucial intermediates. Its core business revolves around the manufacturing and sales within the crop care chemicals segment. The company's well-established manufacturing infrastructure is strategically located near Ongole, a coastal town 300 kilometers north of Chennai, with an annual production capacity of 3250 tons for technical-grade insecticides, herbicides, and fungicides.
The company offers a comprehensive range of agrochemical products, including:
- Insecticides: Chlorpyrifos, Chlorpyrifos-Methyl, Diafenthiuron, Fipronil, Dinotefuran, Thiamethoxam, Imidacloprid, and Pymetrozine.
- Fungicides: Azoxystrobin.
- Herbicides: Triclopyr, Clodinafop-propargyl, and Cloquintocet-Mexyl (Safener).
- Specialty Intermediaries: R-HPPA and 2,6-Dichloroaniline.
Bhagiradha Chemicals & Industries Ltd has established a significant global footprint, with its products reaching various countries including Argentina, Australia, Belgium, Brazil, Chile, Colombia, Malaysia, Mexico, New Zealand, Portugal, and South Korea, among others. The company effectively serves both the Indian domestic market and various international markets.
As of May 12, 2025, the market capitalization of Bhagiradha Chemicals and Industries Ltd (BHAGCHEM) stands at ₹3,678.06 Crore, with an increase of 70.2% in the last year, reaching ₹3,902 Crore. The company reported revenue of ₹429 Crore.
Q3 FY2025 Performance (Quarter ended December 2024):
- Net profit increased by 8.13% to ₹3.59 crore from ₹3.32 crore in the corresponding quarter of the previous year.
- Sales saw a significant rise of 38.13% to ₹102.73 crore from ₹74.37 crore in the same period last year.
Q2 FY2025 Performance (Quarter ended September 2024):
- Net profit declined by 4.90% to ₹5.44 crore from ₹5.72 crore in the previous year's quarter.
- Sales decreased by 14.98% to ₹103.73 crore from ₹122.01 crore in the corresponding quarter of the previous year.
- Stock P/E: 178
- Book Value: ₹50.4
- ROCE: 8.25%
- ROE: 5.01%
- P/E Ratio: 201.76
- Dividend Yield: 0.03%
The 52-week high for Bhagiradha Chemicals and Industries Ltd (BHAGCHEM) is ₹447.70, and the 52-week low is ₹168.70. The stock has exhibited notable volatility over the past year, reflecting the dynamic nature of the agrochemical sector.
A significant development has been the acquisition of 43 lakh shares by Radhakishan Damani, which has resulted in a substantial 6093% increase in the share price over ten years. His investment is currently valued at over ₹128.5 crore.
Promoter holding in Bhagiradha Chemicals & Industries Ltd has seen a slight decrease, from 20.27% as of September 2024 to 19.75% as of March 2025. The current promoter holding is 19.7%.
Bhagiradha Chemicals & Industries Ltd has undertaken substantial expansion and modernization initiatives throughout its history. The company established a plant at Cheruvuvukommupalem, Andhra Pradesh, with an initial capacity to manufacture 300 tpa of pesticides, including technical-grade chlorpyrifos. This project, financed through a public issue in 1996, was commissioned in the same year.
Further modernization and capacity expansion were completed in 1998-99, increasing the capacity of Chlorpyrifos Technical-grade pesticides to 1000 metric tonnes. In 2018, a third production block was commissioned on March 28th, further enhancing the company's manufacturing capabilities.
The company's consistent commitment to modernization and capacity expansion has strategically positioned it within the competitive agrochemical market. However, it continues to navigate challenges related to maintaining consistent growth amidst market volatility and evolving regulatory landscapes in the sector.
