Bhagiradha Chemicals & Industries Ltd. · NSE:BHAGCHEM
Bhagiradha Chemicals & Industries — Q4 FY26 Earnings Presentation
36 slides from Bhagiradha Chemicals & Industries's earnings presentation, May 22, 2026
Slide 1: Exchange filing cover letter for investor presentation
Ref: BCIL/SE/2026/33 May 22, 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 Code:
Slide 2: Investor Presentation Q4 & FY26
Bhagiradha Chemicals & Industries Limited Investor Presentation Q4 & FY26 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: Q4 & FY26 Results Highlights
Rising with Promise Q4 & FY26 Results Highlights
Slide 5: FY26 Consolidated Financial Highlights
FY26 Consolidated Financial Highlights Revenue From Operations EBITDA PAT Volumes: • Volumes improved during the year, supported by better Rs. In Crores demand trends. +22% +55% +31% Price Realizations: 535.9 57.1 18.2 • Realisations improved compared to last year. Some 440.5 13.9 products moved clo
Slide 6: Q4FY26 Consolidated Financial Highlights
Q4FY26 Consolidated Financial Highlights Volumes: Revenue From Operations EBITDA PAT • Volumes grew during the quarter, supported by Rs. In Crores improved demand across key products. +29% +220% Price Realizations: 4.6 158.1 19.4 4.1 • Realisations improved meaningfully, driven by better 122.6 114.0
Slide 7: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. In Cr.) Q4FY26 Q4FY25 YoY Q3FY26 QoQ FY26 FY25 YoY Revenue From Operations 158.1 122.6 29% 114.0 39% 535.9 440.5 22% Cost of Raw Materials Consumed 96.6 83.7 65.0 335.2 278.1 Gross Profit 61.5 38.9 58% 49.0 26% 200.8 162.3 24% Gross Profit Margin
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. In Cr.) Mar-26 Mar-25 Equity & Liabilities (Rs. In Cr.) Mar-26 Mar-25 Non- Current Assets (A) 683.7 558.3 Equity (A) 698.3 682.2 Property, Plant & Equipment 573.9 238.2 Equity Share Capital 13.0 13.0 Capital Work in Progress 94.2 287.8 Other Equity 685.4 669.3
Slide 9: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. In Cr.) Mar-26 Mar-25 Net Profit Before Tax 21.1 25.2 Adjustments for: Non -Cash Items / Other Investment or Financial Items 27.9 9.8 Operating profit before working capital changes 49.1 35.0 Changes in working capital -29.4 -80.6 Cash generated from
Slide 10: Management Commentary
Management Commentary Commenting on the performance Mr. A. Arvind Kumar, Executive Director & CEO said: “FY26 marked a year of steady progress and positive momentum for the Company. This was supported by improving domestic demand, which led to better volumes, along with enhanced operational executio
Slide 11: Company Overview
Company Overview Rising with Promise
Slide 12: 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 13: Transformational Journey so far
Transformational Journey so far BCIL 1.0 BCIL 2.0 FY04 FY11 FY19 FY26 Revenue: Revenue: Revenue: Revenue: Growth Phase 52 crores 60 crores 384 crores 536 crores 1993 - 2004 2005 - 2011 2012 - 2019 2020 - 2026 • 2012: Backward integration of • 2020: Backward integration of • 1993: Founded by Sri Kote
Slide 14: With Product Launches at Regular Intervals
With Product Launches at Regular Intervals *Products Capability 35 32 Segment FY20* FY26* 11 6 Fungicide & +1 4 5 Intermediates FY04 FY13 FY25 FY26 Top 5 Products Revenue Contribution (%) Insecticides & 94% 95% 12 17 +5 91% 87% intermediates 85% 81% Herbicide & +2 11 13 Intermediates FY21 FY22 FY23
Slide 15: and Established Customer Base
and Established Customer Base No single customer contributes more than 20% of the sales Customers 149 130 Relationship with 100+ active customers Various partnerships for registrations 113 111 110 with maximum customer retention in countries like USA, Brazil, EU etc 98 Relationship of average tenure
Slide 16: 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 17: Bhagiradha's Competitive Edge
Bhagiradha’s Competitive Edge
Slide 18: 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 19: 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 20: 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 21: 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 22: BCIL 2.0 Growth Investment
BCIL 2.0 Growth Investment Rising with Promise
Slide 23: Investment in Subsidiary
Investment in Subsidiary Bhagiradha Chemicals & Industries Limited (BCIL) Total Investments of Rs. 850+ 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 24: will have Exponential Growth
will have Exponential Growth Expansion of Rs. 850+ crores in Greenfield Capacity Expansion Phases Allocation of Funds Backward Integration • Land & Building: ~200 crores New Product Introduction • Plant & Machinery: ~600 crores Operating Efficiency Direct infusion of Preferential equity from BCIL ~4
Slide 25: and 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 26: 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 27: Annexure
Rising with Promise Annexure
Slide 28: 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 29: Have Strong Leadership Team
Have Strong Leadership Team S. Chandra Sekhar A. Arvind Kumar Ranjit Kumar Kilaru Promoter & Managing Director Executive Director & CEO Chief Financial Officer from 1st March 2026 • Sri. S. Chandra Sekhar is a Chemical Engineer holding a B. • Sri. A. Arvind Kumar holds a Master's degree in Chemical
Slide 30: Experienced Board Members: 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 31: Historical Performance
=, BHAGIRADHA cH EMICALS Historical Performance
Slide 32: Financial Snapshot
Financial Snapshot Revenue From Operations (Rs. In Cr.) EBITDA (Rs. In Cr.) Profit After Tax (Rs. In Cr.) 536 77 45 502 68 436 441 36 408 57 318 47 43 37 23 18 18 14 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 Revenue Break-up (%) EBITDA (%) PAT (%) Expo
Slide 33: Expense Snapshot
Expense Snapshot Capacity Utilization (%) (Standalone) Raw Material (% to Sales) Employee Cost (% to Sales) 90% 92% 63% 64% 62% 63% 63% 9% 9% 89% 87% 60% 85% 8% 6% 6% 72% 5% FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 Power & Fuel Cost (% to sales) Other Expenditure (% to Sales) 10%
Slide 34: Key Ratios
Key Ratios Return on Capital Employed (%) Asset turnover ratio Working Capital (No. of Days) 22% 2.0 1.9 Bheema Fine 73 99 132 164 192 148 18% 19% Chemicals plant days days days days days days 1.5 commercialized in 1.4 December 2025 Capex done for 1.3 Bheema Fine Chemicals plant of ~Rs 450 Crs over
Slide 35: 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 36: 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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