
About Bhageria Industries Limited
Data last updated:
Bhageria Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 12 July 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L40300MH1989PLC052574. Its GSTIN is 27AAACB1751C1Z9 (Maharashtra). The company holds 6 GST registrations, of which 5 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 530803 and NSE: BHAGERIA.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹21.82 Cr. It was formerly known as Bhageria Chem Private Limited and Bhageria Dye-Chem Limited. It is led by directors including Vinod Keshawdeo Bhageria (Managing Director) and Suresh Keshavdeo Bhageria (Whole-Time Director).
Its last annual general meeting (AGM) was held on 02 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹873.96 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹40.63 Cr (net margin 4.6%) and EBITDA of ₹91.18 Cr (EBITDA margin 10.4%). The net worth stands at ₹597.22 Cr (up 7% YoY). Total assets are valued at ₹721.81 Cr (up 16.5% YoY).
The company has about 215 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Bhageria Group of Companies. As per MCA filings, the company has open charges of ₹102.2 Cr and satisfied charges of ₹138.53 Cr on record. Court records list 18 cases involving the company, including 3 filed by the company and 15 filed against it; 9 cases are pending. The company has 48 deals on record (48 market trades); the latest was in October 2025.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bhageriagroup.com.
Company details
Name history
Bhageria Industries has undergone 2 name changes throughout its history. The company was previously known as Bhageria Chem Private Limited, and Bhageria Dye-Chem Limited. The current legal name is Bhageria Industries Limited.
| Company Name | Status |
|---|---|
| Bhageria Industries Limited | Current |
| Bhageria Chem Private Limited | Previous |
| Bhageria Dye-Chem Limited | Previous |
CIN history
Bhageria Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L40300MH1989PLC052574, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L40300MH1989PLC052574 | Current |
| U24230MH1989PLC052574 | Previous |
| L24230MH1989PLC052574 | Previous |
Contact details
Bhageria Industries Limited's registered office is in Mumbai, Maharashtra. Its website is bhageriagroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address17th Floor Office No. 1702, 9 Business Bay Off New Link Road Mindspace Behind Evershine Mall, Mumbai, Maharashtra, India – 400064
- IndustryChemicals and Materials, Dyes & Pigments, Industrial Chemicals, Colorants
To see the full contact details of Bhageria Industries Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Bhageria Industries operates one associated brand: Bhageria Group of Companies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Dyes and pigment intermediates are manufactured by Bhageria Group. | bhageriagroup.com |
Business activity
The main business activities of Bhageria Industries are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers manufacture of chemicals and chemical products and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 20 | Manufacture of chemicals and chemical products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Bhageria Industries Limited, buy the company report.
Financials of Bhageria Industries Limited
FY 2025-26 filings availableBhageria Industries Limited reported revenue of ₹873.96 Cr (up 47% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 874 | 595 | 494 | 501 | 601 | 402 | 414 |
| Revenue growth | +47.0% | +20.3% | -1.4% | -16.6% | +49.6% | -2.8% | - |
| EBITDA | 91.18 | 81.42 | 42.96 | 54.48 | 116 | 104 | 97.58 |
| EBITDA margin | +10.4% | +13.7% | +8.7% | +10.9% | +19.4% | +25.8% | +23.6% |
| Profit before tax | 61.96 | 54.19 | 26.27 | 20.37 | 95.28 | 81.07 | 78.54 |
| Net profit | 40.63 | 27.03 | 18.60 | 13.45 | 70.57 | 62.60 | 65.68 |
| Net profit margin | +4.7% | +4.6% | +3.8% | +2.7% | +11.7% | +15.6% | +15.9% |
| EPS (₹) | 10.56 | 9.26 | 4.37 | 3.38 | 16.17 | 14.36 | 15.08 |
| Balance sheet | |||||||
| Total assets | 722 | 620 | 578 | 552 | 550 | 486 | 425 |
| Net worth | 597 | 558 | 522 | 506 | 507 | 452 | 402 |
| Total debt | 109 | 46.30 | 47.21 | 38.07 | 34.79 | 31.43 | 20.68 |
| Cash & bank | 6.58 | 31.20 | 6.55 | 21.14 | 26.36 | 22.64 | 9.58 |
| Net working capital | 172 | 238 | 215 | 178 | 173 | 148 | 112 |
| Cash flow | |||||||
| Cash from operations | 98.51 | 49.49 | 22.92 | 27.61 | 75.62 | 57.98 | 58.75 |
| Cash from investing | (142) | (43.61) | (33.10) | (23.10) | (58.04) | (44.26) | (45.11) |
| Cash from financing | 46.09 | (9.20) | 4.83 | (15.59) | (13.80) | (3.47) | (10.40) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 456 | 286 | 271 | 242 | 204 | 157 | 183 | 170 |
| Revenue growth (YoY) | +123.0% | +81.9% | +48.2% | +41.8% | +58.3% | +39.9% | - | - |
| Other income | 3.99 | 15.61 | (4.26) | 2.97 | 1.63 | 6.48 | 0.99 | (1.97) |
| EBITDA | 84.67 | 42.03 | 30.64 | 19.74 | 23.11 | 17.68 | 29.41 | 26.86 |
| EBITDA margin | +18.6% | +14.7% | +11.3% | +8.2% | +11.3% | +11.2% | +16.1% | +15.8% |
| Depreciation | 10.39 | 9.64 | 8.76 | 8.16 | 7.93 | 7.76 | 8.08 | 8.00 |
| Interest | 2.63 | 1.90 | 0.94 | 0.74 | 0.75 | 0.99 | 0.73 | 0.77 |
| Profit before tax | 75.64 | 46.10 | 16.68 | 13.81 | 16.06 | 15.41 | 21.59 | 16.12 |
| Tax | 19.89 | 12.18 | 5.38 | 2.97 | 4.59 | 4.54 | 6.46 | 4.75 |
| Net profit | 55.75 | 33.92 | 11.30 | 10.84 | 11.47 | 10.87 | 15.13 | 11.37 |
| EPS (₹) | 12.81 | 7.83 | 2.71 | 2.56 | 2.70 | 2.58 | 3.61 | 2.78 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 871 | 597 | 495 | 501 | 596 | 399 | 414 |
| Revenue growth | +45.9% | +20.7% | -1.3% | -15.9% | +49.4% | -3.5% | - |
| EBITDA | 93.12 | 83.90 | 43.70 | 54.53 | 116 | 103 | 97.58 |
| EBITDA margin | +10.7% | +14.1% | +8.8% | +10.9% | +19.5% | +25.9% | +23.6% |
| Profit before tax | 67.85 | 57.77 | 27.37 | 20.71 | 95.15 | 80.81 | 78.54 |
| Net profit | 44.97 | 29.13 | 19.15 | 13.72 | 70.49 | 62.41 | 65.68 |
| Net profit margin | +5.2% | +4.9% | +3.9% | +2.7% | +11.8% | +15.6% | +15.9% |
| EPS (₹) | 11.52 | 9.68 | 4.50 | 3.45 | 16.15 | 14.31 | 15.08 |
| Balance sheet | |||||||
| Total assets | 628 | 606 | 565 | 549 | 532 | 481 | 425 |
| Net worth | 600 | 557 | 519 | 504 | 507 | 451 | 402 |
| Total debt | 8.35 | 32.16 | 37.65 | 36.78 | 17.62 | 26.91 | 20.68 |
| Cash & bank | 4.96 | 30.67 | 5.07 | 17.68 | 23.51 | 22.63 | 9.58 |
| Net working capital | 186 | 226 | 203 | 174 | 155 | 143 | 112 |
| Cash flow | |||||||
| Cash from operations | 102 | 52.58 | 33.71 | 12.89 | 84.87 | 62.46 | 58.75 |
| Cash from investing | (37.64) | (39.23) | (32.14) | (26.24) | (55.22) | (44.27) | (45.11) |
| Cash from financing | (62.04) | (15.71) | (4.94) | (1.16) | (25.88) | (7.96) | (10.40) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 453 | 284 | 267 | 242 | 205 | 158 | 184 | 172 |
| Revenue growth (YoY) | +121.3% | +79.8% | +45.2% | +41.0% | +58.3% | +40.4% | - | - |
| Other income | 5.28 | 16.76 | (2.71) | 3.43 | 1.66 | 6.75 | 0.98 | (1.99) |
| Total expenses | 371 | 244 | 236 | 222 | 181 | 140 | 153 | 143 |
| EBITDA | 82.49 | 40.06 | 31.21 | 20.15 | 23.51 | 18.25 | 30.51 | 28.13 |
| EBITDA margin | +18.2% | +14.1% | +11.7% | +8.3% | +11.5% | +11.6% | +16.6% | +16.4% |
| Depreciation | 8.01 | 7.82 | 8.43 | 8.16 | 7.93 | 7.76 | 8.08 | 8.00 |
| Interest | 0.93 | 0.60 | 0.50 | 0.43 | 0.46 | 0.71 | 0.44 | 0.45 |
| Profit before tax | 78.83 | 48.40 | 19.57 | 14.99 | 16.78 | 16.53 | 22.97 | 17.69 |
| Tax | 20.54 | 12.45 | 5.47 | 2.97 | 4.59 | 4.54 | 6.46 | 4.75 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 456 | 286 | 271 | 242 | 204 | 157 | 183 | 170 |
| Revenue growth (YoY) | +123.0% | +81.9% | +48.2% | +41.8% | +58.3% | +39.9% | - | - |
| Other income | 3.99 | 15.61 | (4.26) | 2.97 | 1.63 | 6.48 | 0.99 | (1.97) |
| EBITDA | 84.67 | 42.03 | 30.64 | 19.74 | 23.11 | 17.68 | 29.41 | 26.86 |
| EBITDA margin | +18.6% | +14.7% | +11.3% | +8.2% | +11.3% | +11.2% | +16.1% | +15.8% |
| Depreciation | 10.39 | 9.64 | 8.76 | 8.16 | 7.93 | 7.76 | 8.08 | 8.00 |
| Interest | 2.63 | 1.90 | 0.94 | 0.74 | 0.75 | 0.99 | 0.73 | 0.77 |
| Profit before tax | 75.64 | 46.10 | 16.68 | 13.81 | 16.06 | 15.41 | 21.59 | 16.12 |
| Tax | 19.89 | 12.18 | 5.38 | 2.97 | 4.59 | 4.54 | 6.46 | 4.75 |
| Net profit | 55.75 | 33.92 | 11.30 | 10.84 | 11.47 | 10.87 | 15.13 | 11.37 |
| EPS (₹) | 12.81 | 7.83 | 2.71 | 2.56 | 2.70 | 2.58 | 3.61 | 2.78 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 874 | 595 | 494 | 501 | 601 | 402 | 414 |
| Revenue growth | +47.0% | +20.3% | -1.4% | -16.6% | +49.6% | -2.8% | - |
| Other income | 6.82 | 6.98 | 16.88 | 3.84 | 9.28 | 4.47 | 5.60 |
| Total expenses | 783 | 513 | 451 | 447 | 485 | 298 | 316 |
| Employee cost | 27.97 | 23.83 | 21.24 | 20.05 | 19.55 | 18.87 | 16.30 |
| EBITDA | 91.18 | 81.42 | 42.96 | 54.48 | 116 | 104 | 97.58 |
| EBITDA margin | +10.4% | +13.7% | +8.7% | +10.9% | +19.4% | +25.8% | +23.6% |
| Depreciation | 32.62 | 31.42 | 31.72 | 34.43 | 28.57 | 25.86 | 22.96 |
| Interest | 3.42 | 2.79 | 1.85 | 3.52 | 1.84 | 1.06 | 1.68 |
| Profit before tax | 61.96 | 54.19 | 26.27 | 20.37 | 95.28 | 81.07 | 78.54 |
| Tax | 17.48 | 15.50 | 7.73 | 5.66 | 24.68 | 18.41 | 12.73 |
| Net profit | 40.63 | 27.03 | 18.60 | 13.45 | 70.57 | 62.60 | 65.68 |
| Net profit margin | +4.7% | +4.6% | +3.8% | +2.7% | +11.7% | +15.6% | +15.9% |
| EPS (₹) | 10.56 | 9.26 | 4.37 | 3.38 | 16.17 | 14.36 | 15.08 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 21.82 | 21.82 | 21.82 | 21.82 | 21.82 | 21.82 | 21.82 |
| Reserves & surplus | 572 | 533 | 497 | 484 | 485 | 430 | 380 |
| Shareholders' funds (net worth) | 597 | 558 | 522 | 506 | 507 | 452 | 402 |
| Minority interest | (3.63) | (2.04) | (0.32) | 0.21 | 0.01 | 0.00 | 0.00 |
| Secured loans | 88.66 | 34.41 | 44.46 | 38.07 | 34.49 | 31.43 | 20.68 |
| Unsecured loans | 20.57 | 11.89 | 2.75 | 0.00 | 0.30 | 0.00 | 0.00 |
| Total debt | 109 | 46.30 | 47.21 | 38.07 | 34.79 | 31.43 | 20.68 |
| Total liabilities | 722 | 620 | 578 | 552 | 550 | 486 | 425 |
| Assets | |||||||
| Gross block | 657 | 590 | 556 | 542 | 537 | 434 | 420 |
| Net block | 384 | 350 | 348 | 365 | 394 | 320 | 331 |
| Capital work in progress | 117 | 10.80 | 17.45 | 8.41 | 0.01 | 45.10 | 17.97 |
| Investments | 24.37 | 22.75 | 23.94 | 13.17 | 7.60 | 3.83 | 0.44 |
| Inventories | 55.91 | 49.07 | 43.76 | 43.09 | 65.33 | 37.65 | 38.03 |
| Sundry debtors | 159 | 187 | 156 | 128 | 104 | 95.45 | 78.14 |
| Cash & bank balances | 6.58 | 31.20 | 6.55 | 21.14 | 26.36 | 22.64 | 9.58 |
| Loans & advances | 68.18 | 58.32 | 74.84 | 32.77 | 38.48 | 44.09 | 45.18 |
| Total current assets | 290 | 325 | 281 | 224 | 234 | 200 | 171 |
| Total current liabilities | 118 | 87.12 | 66.82 | 46.95 | 61.37 | 52.06 | 58.68 |
| Net working capital | 172 | 238 | 215 | 178 | 173 | 148 | 112 |
| Total assets | 722 | 620 | 578 | 552 | 550 | 486 | 425 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.41 | 5.73 | 11.07 | 22.15 | 18.37 | 8.13 | 4.88 |
| Net cash from operating activities | 98.51 | 49.49 | 22.92 | 27.61 | 75.62 | 57.98 | 58.75 |
| Net cash from investing activities | (142) | (43.61) | (33.10) | (23.10) | (58.04) | (44.26) | (45.11) |
| Net cash from financing activities | 46.09 | (9.20) | 4.83 | (15.59) | (13.80) | (3.47) | (10.40) |
| Net change in cash | 2.65 | (3.32) | (5.34) | (11.09) | 3.78 | 10.24 | 3.25 |
| Closing cash | 6.58 | 31.20 | 6.55 | 21.14 | 26.36 | 22.64 | 9.58 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +47.0% | +20.3% | -1.4% | -16.6% | +49.6% | -2.8% | - |
| EBITDA growth | +12.0% | +89.5% | -21.2% | -53.2% | +12.5% | +6.1% | - |
| PBT growth | +14.3% | +106.3% | +29.0% | -78.6% | +17.5% | +3.2% | +9997.0% |
| Net income growth | +50.3% | +45.3% | +38.3% | -80.9% | +12.7% | -4.7% | - |
| Revenue CAGR (3Y) | +20.3% | -0.4% | +7.1% | +6.6% | - | - | - |
| EBITDA CAGR (3Y) | +18.7% | -11.2% | -25.4% | -17.7% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +5.1% | +6.5% | +3.8% | +2.9% | +11.7% | +15.6% | +15.9% |
| Return on capital employed | +9.7% | +7.9% | +5.0% | +3.9% | +18.8% | +18.0% | +18.9% |
| Return on net worth | +7.7% | +4.7% | +3.6% | +2.7% | +14.7% | +14.7% | +16.4% |
| Debt / equity | 0.13 | 0.09 | 0.08 | 0.07 | 0.07 | 0.06 | 0.05 |
| Long-term debt / equity | 0.08 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 5.84 | 5.58 | 16.46 | 17.56 | 2.09 | 1.36 | 2.25 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.40 | 1.04 | 0.90 | 0.93 | 1.24 | 0.94 | 0.99 |
| Inventory turnover | 16.65 | 12.81 | 11.38 | 9.25 | 11.68 | 10.62 | 10.88 |
| Debtors turnover | 5.05 | 3.47 | 3.48 | 4.33 | 6.03 | 4.63 | 5.29 |
| EPS (₹) | 10.56 | 9.26 | 4.37 | 3.38 | 16.17 | 14.36 | 15.08 |
| Dividend per share (₹) | 2.50 | 1.50 | 1.00 | 1.00 | 4.00 | 3.50 | 3.00 |
| Book value per share (₹) | 136.03 | 127.10 | 118.89 | 115.97 | 116.17 | 103.49 | 92.15 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 453 | 284 | 267 | 242 | 205 | 158 | 184 | 172 |
| Revenue growth (YoY) | +121.3% | +79.8% | +45.2% | +41.0% | +58.3% | +40.4% | - | - |
| Other income | 5.28 | 16.76 | (2.71) | 3.43 | 1.66 | 6.75 | 0.98 | (1.99) |
| Total expenses | 371 | 244 | 236 | 222 | 181 | 140 | 153 | 143 |
| EBITDA | 82.49 | 40.06 | 31.21 | 20.15 | 23.51 | 18.25 | 30.51 | 28.13 |
| EBITDA margin | +18.2% | +14.1% | +11.7% | +8.3% | +11.5% | +11.6% | +16.6% | +16.4% |
| Depreciation | 8.01 | 7.82 | 8.43 | 8.16 | 7.93 | 7.76 | 8.08 | 8.00 |
| Interest | 0.93 | 0.60 | 0.50 | 0.43 | 0.46 | 0.71 | 0.44 | 0.45 |
| Profit before tax | 78.83 | 48.40 | 19.57 | 14.99 | 16.78 | 16.53 | 22.97 | 17.69 |
| Tax | 20.54 | 12.45 | 5.47 | 2.97 | 4.59 | 4.54 | 6.46 | 4.75 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 871 | 597 | 495 | 501 | 596 | 399 | 414 |
| Revenue growth | +45.9% | +20.7% | -1.3% | -15.9% | +49.4% | -3.5% | - |
| Other income | 9.12 | 6.92 | 16.85 | 3.61 | 9.06 | 4.44 | 5.60 |
| Total expenses | 778 | 513 | 451 | 447 | 480 | 296 | 316 |
| Employee cost | 27.94 | 23.83 | 21.24 | 20.05 | 19.55 | 18.87 | 16.30 |
| EBITDA | 93.12 | 83.90 | 43.70 | 54.53 | 116 | 103 | 97.58 |
| EBITDA margin | +10.7% | +14.1% | +8.8% | +10.9% | +19.5% | +25.9% | +23.6% |
| Depreciation | 32.28 | 31.42 | 31.72 | 34.44 | 28.57 | 25.86 | 22.96 |
| Interest | 2.11 | 1.63 | 1.46 | 2.99 | 1.28 | 1.01 | 1.68 |
| Profit before tax | 67.85 | 57.77 | 27.37 | 20.71 | 95.15 | 80.81 | 78.54 |
| Tax | 17.56 | 15.50 | 7.73 | 5.67 | 24.65 | 18.34 | 12.73 |
| Net profit | 44.97 | 29.13 | 19.15 | 13.72 | 70.49 | 62.41 | 65.68 |
| Net profit margin | +5.2% | +4.9% | +3.9% | +2.7% | +11.8% | +15.6% | +15.9% |
| EPS (₹) | 11.52 | 9.68 | 4.50 | 3.45 | 16.15 | 14.31 | 15.08 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 21.82 | 21.82 | 21.82 | 21.82 | 21.82 | 21.82 | 21.82 |
| Reserves & surplus | 579 | 535 | 498 | 483 | 485 | 430 | 380 |
| Shareholders' funds (net worth) | 600 | 557 | 519 | 504 | 507 | 451 | 402 |
| Secured loans | 8.35 | 32.16 | 37.65 | 36.78 | 17.62 | 26.91 | 20.68 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 8.35 | 32.16 | 37.65 | 36.78 | 17.62 | 26.91 | 20.68 |
| Total liabilities | 628 | 606 | 565 | 549 | 532 | 481 | 425 |
| Assets | |||||||
| Gross block | 617 | 588 | 556 | 542 | 537 | 434 | 420 |
| Net block | 345 | 348 | 348 | 365 | 394 | 320 | 331 |
| Capital work in progress | 16.59 | 10.78 | 17.45 | 8.41 | 0.01 | 45.10 | 17.97 |
| Investments | 24.67 | 23.11 | 24.19 | 13.43 | 7.62 | 3.84 | 0.44 |
| Inventories | 55.91 | 49.07 | 43.76 | 43.09 | 65.33 | 37.65 | 38.03 |
| Sundry debtors | 159 | 184 | 156 | 128 | 97.23 | 92.16 | 78.14 |
| Cash & bank balances | 4.96 | 30.67 | 5.07 | 17.68 | 23.51 | 22.63 | 9.58 |
| Loans & advances | 66.94 | 56.58 | 74.64 | 32.76 | 38.02 | 42.27 | 45.19 |
| Total current assets | 287 | 321 | 280 | 221 | 224 | 195 | 171 |
| Total current liabilities | 101 | 94.30 | 76.56 | 46.95 | 68.79 | 51.68 | 58.68 |
| Net working capital | 186 | 226 | 203 | 174 | 155 | 143 | 112 |
| Total assets | 628 | 606 | 565 | 549 | 532 | 481 | 425 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.88 | 4.24 | 7.61 | 22.13 | 18.36 | 8.13 | 4.88 |
| Net cash from operating activities | 102 | 52.58 | 33.71 | 12.89 | 84.87 | 62.46 | 58.75 |
| Net cash from investing activities | (37.64) | (39.23) | (32.14) | (26.24) | (55.22) | (44.27) | (45.11) |
| Net cash from financing activities | (62.04) | (15.71) | (4.94) | (1.16) | (25.88) | (7.96) | (10.40) |
| Net change in cash | 2.65 | (2.37) | (3.37) | (14.52) | 3.77 | 10.23 | 3.25 |
| Closing cash | 4.96 | 30.67 | 5.07 | 17.68 | 23.51 | 22.63 | 9.58 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +45.9% | +20.7% | -1.3% | -15.9% | +49.4% | -3.5% | - |
| EBITDA growth | +11.0% | +92.0% | -19.9% | -53.0% | +12.3% | +5.8% | - |
| PBT growth | +17.5% | +111.1% | +32.2% | -78.2% | +17.8% | +2.9% | -24.7% |
| Net income growth | +54.4% | +52.1% | +39.6% | -80.5% | +13.0% | -5.0% | - |
| Revenue CAGR (3Y) | +20.2% | +0.1% | +7.4% | +6.6% | +8.8% | +2.9% | +6.0% |
| EBITDA CAGR (3Y) | +19.5% | -10.2% | -24.9% | -17.6% | -2.5% | +9.0% | +16.1% |
| Profitability & leverage | |||||||
| Net income margin | +5.8% | +7.1% | +4.0% | +3.0% | +11.8% | +15.7% | +15.9% |
| Return on capital employed | +11.3% | +8.5% | +5.2% | +4.0% | +19.0% | +18.1% | +20.3% |
| Return on net worth | +8.7% | +5.4% | +3.8% | +2.7% | +14.7% | +14.6% | +17.7% |
| Debt / equity | 0.03 | 0.06 | 0.07 | 0.05 | 0.05 | 0.06 | 0.06 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 3.47 | 3.11 | 12.19 | 14.88 | 1.47 | 1.31 | 2.25 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.45 | 1.04 | 0.90 | 0.93 | 1.23 | 0.93 | 1.07 |
| Inventory turnover | 16.60 | 12.87 | 11.40 | 9.25 | 11.58 | 10.55 | 14.58 |
| Debtors turnover | 5.07 | 3.50 | 3.49 | 4.46 | 6.30 | 4.69 | 5.85 |
| EPS (₹) | 11.52 | 9.68 | 4.50 | 3.45 | 16.15 | 14.31 | 15.08 |
| Dividend per share (₹) | 2.50 | 1.50 | 1.00 | 1.00 | 4.00 | 3.50 | 3.00 |
| Book value per share (₹) | 137.55 | 127.66 | 119.03 | 115.57 | 116.11 | 103.45 | 92.15 |
To see the full year-wise statements and ratios of Bhageria Industries Limited, buy the company report.
Board of directors of Bhageria Industries Limited
Bhageria Industries has 7 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Keshavdeo Bhageria Also directs: Rahuri Cleantech Private Limited, Salasar Renewables Private Limited, New Ahilyanagar Solar Private Limited and 5 more | Whole-Time Director | 01 Apr 2011 | 15 Years 7 Months | Current |
| Vikas Sureshkumar Bhageria Also directs: Rahuri Cleantech Private Limited, Salasar Renewables Private Limited, New Ahilyanagar Solar Private Limited and 5 more | Whole-Time Director | 02 Mar 2015 | 11 Years 8 Months | Current |
| Mukund Manohar Chitale Also directs: Lodha Developers Limited, Ptva Foundation | Director | 25 Mar 2019 | 7 Years 7 Months | Current |
| Ameya Prakash Jadhav | Director | 01 Apr 2020 | 6 Years 7 Months | Current |
| Vinod Keshawdeo Bhageria Also directs: Bhageria Foundation, Zenith Speciality Private Limited | Managing Director | 01 Apr 2011 | 15 Years 7 Months | Current |
| Ganapati Dadasaheb Yadav Also directs: Godrej Industries Limited, Meghmani Organics Limited, Supriya Lifescience Limited and 3 more | Director | 21 Oct 2019 | 7 Years 0 Months | Current |
Auditor
Bhageria Industries Limited is audited by SARDA & PAREEK LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SARDA & PAREEK LLP | FY 2025 | 109262W/W100673 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 71.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 28.20%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 71.80% | 71.80% | 71.80% | 71.80% |
| Public | 28.20% | 28.20% | 28.20% | 28.20% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2026 | 101270754 | Axis Bank Limited | ₹10.2 Cr | Open | |
| 30 Jul 2019 | 100283336 | Axis Bank Limited | ₹32 Cr | Open | |
| 29 Oct 2018 | 100214095 | Others | ₹15 Cr | Open | |
| 07 Sep 2017 | 100152519 | Yes Bank Limited | ₹45 Cr | Open | |
| 22 Dec 2016 | 100068140 | Others | ₹95 Cr | Satisfied |
To see the full charge records of Bhageria Industries Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Bhageria Industries Limited has 48 deals on record (48 market trades); the latest was in October 2025.
Deals on record (5 of 48)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2025 | Market trade | ₹33.8 Cr | Buyer: Graviton Research Capital LLP , Qe Securities LLP , Junomoneta Finsol Private Limited Seller: Graviton Research Capital LLP , Qe Securities LLP , Junomoneta Finsol Private Limited |
| Oct 2025 | Market trade | ₹24.05 Cr | Buyer: Junomoneta Finsol Private Limited , Hrti Private Limited , Qe Securities LLP Seller: Junomoneta Finsol Private Limited , Hrti Private Limited , Qe Securities LLP |
| Aug 2024 | Market trade | ₹7.03 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Aug 2024 | Market trade | ₹5.74 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Aug 2024 | Market trade | ₹6.8 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
To see the full deal history of Bhageria Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bhageria Industries Limited has 18 court cases on record: 3 filed by Bhageria Industries, 15 filed against it. 9 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 9 | 9 |
| High courts | 7 | 6 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Vishrudh Organics Private Limited and 3 others | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Shri. Gopal V. Patil, Government Labour Officer and Inspector the Contract Labour (R and A) Act | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Shri. Gopal V. Patil, Government Labour Officer and Inspector the Minimum Wages Act | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by State of Maharashtra Amol V. Bait | Pending |
| District court, RAJKOT, Gujarat | Court case (SMST S) | Filed by the company against M/S/ Ramdoot Marketing | Pending |
To see the full case history of Bhageria Industries Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Bhageria Industries Limited was last rated by Care on 30 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 30 Aug 2022 |
To see the full credit ratings and regulatory alerts of Bhageria Industries Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bhageria Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Bhageria Industries has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Bhageria & Jajodia Pharmaceuticals Private Limited | U24100MH2008PTC178713 |
To see the full group structure of Bhageria Industries Limited, buy the company report.
Employees & EPFO
Bhageria Industries Limited has a workforce of 215 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 215 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Bhageria Industries Limited, buy the company report.
GST
Bhageria Industries has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB1751C1Z9 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACB1751C2Z8 | Maharashtra | Active | 08 Jul 2017 |
| 27AAACB1751C3Z7 | Maharashtra | Active | 17 May 2018 |
| 24AAACB1751C2ZE | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bhageria Industries Limited, buy the company report.
Recent activity
Bhageria Industries Limited has 24 board changes on record since 1989: 16 appointments and 8 cessations. The latest: Surendra Shriram Gupta ceased to be Director on 31 Mar 2024.
60 earlier events are in the company report.
News
Frequently asked questions
Bhageria Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 12 July 1989 (37+ years old) and is registered under CIN L40300MH1989PLC052574. Listed on BSE: 530803 and NSE: BHAGERIA.
Bhageria Industries reported revenue of ₹873.96 Cr for FY 2025-26 (up 47% YoY) based on consolidated financials.
Bhageria Industries has 7 current directors:
- Vinod Keshawdeo Bhageria - Managing Director
- Suresh Keshavdeo Bhageria - Whole-Time Director
- Vikas Sureshkumar Bhageria - Whole-Time Director
- Mukund Manohar Chitale - Director
- Ameya Prakash Jadhav - Director
- Ganapati Dadasaheb Yadav - Director
- Vikas Brijmohan Goel - Director
The latest financial statements of Bhageria Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 02 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bhageria Industries is 27AAACB1751C1Z9, registered in Maharashtra. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACB1751C2Z8 (Maharashtra), 27AAACB1751C3Z7 (Maharashtra), 24AAACB1751C2ZE (Gujarat).
The CIN (Corporate Identification Number) of Bhageria Industries is L40300MH1989PLC052574. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Bhageria Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 530803) and NSE (symbol: BHAGERIA).
Bhageria Industries has 18 court cases on record: 3 filed by the company and 15 filed against it. 9 are pending. Most are in the district courts.
Bhageria Industries was incorporated on 12 July 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
Bhageria Industries has 48 deals on record (48 market trades); the latest was in October 2025.

