Bhagiradha Chemicals & Industries Ltd. · NSE:BHAGCHEM
Bhagiradha Chemicals & Industries — Q3 FY26 Earnings Presentation
35 slides from Bhagiradha Chemicals & Industries's earnings presentation, Feb 12, 2026
Slide 1: Exchange cover letter: Investor Presentation
Ref: BCIL/SE/2026/10 February 12, 2026 To, To, The Secretary, The Manager, BSE Limited, Listing Department, Phiroze Jeejeebhoy Towers, National Stock Exchange of India Limited, Dalal Street, Exchange Plaza, C-1, G Block, Bandra-Kurla, Mumbai - 400 001 Complex, Bandra (East), Mumbai – 400 051 Scrip C
Slide 2: Investor Presentation Q3 & 9MFY26
Bhagiradha Chemicals & Industries Limited Investor Presentation Q3 & 9MFY26 Rooted in Chemistry, Rising with Promise
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Bhagiradha Chemicals and Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or sub
Slide 4: Q3 & 9MFY26 Results Highlights
Q3 & 9MFY26 Results Highlights
Slide 5: 9MFY26 Consolidated Financial Highlights
9MFY26 Consolidated Financial Highlights Revenue From Operations EBITDA PAT Volumes: Rs. In Crores • Achieved mid-single digit volume growth, supported by +19% +22% a sustained improvement in demand trends -4% 377.8 37.7 14.7 14.1 Price Realizations: 317.9 30.9 • Reported double-digit growth in aver
Slide 6: Q3FY26 Consolidated Financial Highlights
Q3FY26 Consolidated Financial Highlights Revenue From Operations EBITDA PAT Volumes: Rs. In Crores • Volumes were marginally lower compared to the +11% +49% +28% previous quarter 140.1 15.1 5.5 Price Realizations: 13.7 114.0 4.6 102.7 • Average realisations improved in line with revenue 9.2 3.6 grow
Slide 7: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. In Cr.) Q3FY26 Q3FY25 YoY Q2FY26 QoQ 9MFY26 9MFY25 YoY FY25 Revenue From Operations 114.0 102.7 11% 140.1 -19% 377.8 317.9 19% 440.5 Cost of Raw Materials Consumed 65.0 61.8 91.4 238.6 194.4 278.1 Gross Profit 49.0 40.9 20% 48.7 0% 139.2 123.4 13
Slide 8: Management Commentary
Management Commentary Commenting on the performance Mr. A. Arvind Kumar, Executive Director & CEO said: “Q3 is typically a softer quarter in the financial year. Due to this seasonality, volumes witnessed a marginal decline. However, revenue growth was supported by improved realizations, driven by a
Slide 9: Key Business Update
Key Business Update Capex Update of the 9MFY26 Key Highlights Subsidiary • We are witnessing a recovery in volumes since • Total expansion plan of ~Rs. 800 crore, including a H2FY25, driven by improved product mix and ~Rs. 70 crore for solar project expanding market reach • Full capacities of Phase
Slide 10: Company Overview
Rising with Promise Company Overview
Slide 11: Bhagiradha at a Glance
Bhagiradha at a Glance 30+ years Establishment Product Portfolio Manufacturing Facilities Established in 1993 by visionary 2 manufacturing facilities at Andhra Pradesh entrepreneur, late Sri. S. Koteswara Rao (existing) & Karnataka (upcoming) who was well recognised scientist in Established Capacity
Slide 12: Transformational Journey so far
Transformational Journey so far BCIL 1.0 BCIL 2.0 FY04 FY11 FY19 FY25 Revenue: Revenue: Revenue: Revenue: Growth Phase 52 crores 60 crores 384 crores 441 crores 1993 - 2004 2005 - 2011 2012 - 2019 2020 - 2025 • 2012: Backward integration of • 2020: Backward integration of • 1993: Founded by Sri Kote
Slide 13: Level of backward integration achieved
With Product Launches at Regular Intervals *Products Capability High Current Products Can be revived basis capacity availability Manufactured as a campaign Discontinued due to commercial reasons 32 2,6-dichloroaniline H Diafenthiuron I F I H I Acequinocyl Azoxystrobin H Triclopyr H Fipronil I 4 ADMP
Slide 14: Established Customer Base
and Established Customer Base No single customer contributes more than 20% of the sales Customers 130 113 111 110 Relationship with 100+ active customers Various partnerships for registrations 98 with maximum customer retention in countries like USA, Brazil, EU etc Relationship of average tenure of
Slide 15: Along with Strong Market Presence
Along with Strong Market Presence Andhra Pradesh Presence in 20+ countries - Serving the farming communities worldwide (Existing Plant) Manufacturing Plants in Andhra Pradesh & Karnataka (India) • No. of production blocks: 3 production blocks with 4 process lines • Capacity: 3,250 MT / p. a. Corpora
Slide 16: Bhagiradha's Competitive Edge
Bhagiradha’s Competitive Edge
Slide 17: R&D serves as a growth engine, backed by strong infrastructure
R&D serves as a growth engine, backed by strong infrastructure Well-established R&D centre – Approved by Department of Scientific and Industrial Research & Ministry of Technology and Science, Government of India R&D center, 8 Synthesis labs with Pilot and semi 60+ Chemists R&D Facility – Synthesis,
Slide 18: Creating Entry Barrier: Backward Integration
Creating Entry Barrier: Backward Integration Input 13 N-6 (A) N-5 (A) N-4 (B) N-3 (A) Backward integration to increase to N-9 level with 16 process stages by FY 26, thus Input 14 Input 12 Input 11 Input 7 & 8 Input 4 Input 3 increasing margin Input 9 & 10 N-3 (B) N-2 (A) N-1 (A) Product 1 Input 5 &
Slide 19: Environmentally Responsible & Validated by Customers & External Agencies
Environmentally Responsible & Validated by Customers & External Agencies Greenery Around Plant Audit by Reputed External Effluent Treatment Plant Electro Oxidation Plant Agencies • Zero Liquid Discharge (ZLD) ETP which recycles water for reuse. • Effluent treatment process based • Ground water ~30%
Slide 20: Social Responsibility and Workplace Safety
Social Responsibility and Workplace Safety Our CSR initiatives focus on education, healthcare, and skill development, with this year’s funds directed towards reconstructing and repairing a building for future use in skill development and training Promoting Education, Healthcare & Training & Workplac
Slide 21: BCIL 2.0 Growth Investment
Rising with Promise BCIL 2.0 Growth Investment
Slide 22: Investment in Subsidiary
Investment in Subsidiary Bhagiradha Chemicals & Industries Limited (BCIL) Total Investments of Rs. 800+ crores under the Expansion Program Bheema Fine Chemicals Private Limited (100% subsidiary) Land size of 34 acres: Higher level of 9,002 MT New manufacturing facility at Kadechur Industrial backwar
Slide 23: Expansion of Rs. 800+ crores in Phases
will have Exponential Growth Expansion of Rs. 800+ crores in Phases Greenfield Capacity Expansion Allocation of Funds Backward Integration • Land & Building: ~190 crores Direct infusion of New Product Introduction ~450+ crores Convertible equity from BCIL Warrants • Plant & Machinery: ~540 crores ~
Slide 24: Growth Strategies
and Growth Strategies • Increase level of backward integration in existing key molecules so Increase level of Backward as to have minimum dependency on Chinese imports thereby Integration ✓ Leveraging existing relationships to capture improving the margins markets & adding new customers through comp
Slide 25: Thank You!
Company: Investor Relations Advisors: CIN: L24219TG1993PLC015963 CIN: U74140MH2010PTC204285 Mrs. Sharanya. M - Company Ms. Neha Shroff / Mr. Vineet Shah neha.shroff@sgapl.net Secretary & Compliance Officer cs@bhagirad.com neha.shroff@sgapl.net / vineet.shah@sgapl.net cs@bhagirad.com vineet.shah@sgap
Slide 26: Annexure
Rising with Promise Annexure
Slide 27: Founded by Well-recognised Scientist
Founded by Well-recognised Scientist • Late Sri Koteswara Rao was one of the well-recognized scientists in South India. His years of hard work, research and innovative mindset have spurred the growth and success of BCIL. • He held a postgraduate degree in Chemical Engineering from IIT Madras. • He s
Slide 28: Have Strong Leadership Team
Have Strong Leadership Team S. Chandra Sekhar A. Arvind Kumar B. Krishna Mohan Rao Ranjit Kumar Kilaru Promoter & Managing Director Executive Director & CEO Chief Financial Officer till 28th February 2026 Chief Financial Officer from 1st March 2026 • Sri. S. Chandra Sekhar is a Chemical Engineer hol
Slide 29: Independent Directors
Experienced Board Members Independent Directors Kishor Shah GSV Krishna Rao Dr. G. Aruna Non-Executive Chairman Non-Executive Director Non-Executive Women Director • He is a Fellow Member of the Institute of Chartered • An Independent and Non-Executive Director on the • She is B. Tech in Chemical En
Slide 30: Historical Performance
5) BHAGIRADHA Historical Performance
Slide 31: Financial Snapshot
Financial Snapshot Revenue From Operations (Rs. In Cr.) EBITDA (Rs. In Cr.) Profit After Tax (Rs. In Cr.) 502 77 45 436 441 68 408 36 318 47 43 37 23 18 14 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Revenue Break-up (%) EBITDA (%) PAT (%) Export 3% 16% 9% 15% 15% 8% 7
Slide 32: Expense Snapshot
Expense Snapshot Capacity Utilization (%) Raw Material (% to Sales) Employee Cost (% to Sales) 89% 90% 63% 64% 62% 63% 9% 87% 60% 8% 85% 6% 6% 5% 72% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Power & Fuel Cost (% to sales) Other Expenditure (% to Sales) 10% 19% 10% 8% 8% 7% 11% 8% 8% 8% FY21
Slide 33: Key Ratios
Key Ratios Return on Capital Employed (%) Asset turnover ratio Working Capital (No. of Days) 22% 2.0 1.9 73 99 132 164 192 18% 19% days days days days days 1.5 1.4 1.3 7% 170 165 3% 144 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 122 Return on Equity (%) Debt to Equity Ratio 106 92 94 96 97 87
Slide 34: Corporate Action Update – Convertible warrants issued on preferential basis
Corporate Action Update – Convertible warrants issued on preferential basis Warrants issued in November 2023 Particulars Remarks Subdivision of Shares: May 2024: No. of shares Issued & 25,61,425 Equity shares of Rs. 10/- each Allotted The existing equity shares of the Company of face value of Rs. 10
Slide 35: Capital Raise History
Capital Raise History Corporate Action Preferential Allotment Right Issue Preferential Allotment Total Issue Size Rs. 59 crores Rs. 84 crores Rs. 341 crores 341 84 59 17 19 15 2017-19 2022 2023-25 Total Issue size Promoters contribution Rs. In Crores Cumulative promoters’ participation is to the tun
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