Stock Price Movement and Market Context
On 9 Jan 2026, Bharat Rasayan Ltd. touched Rs.2077, its lowest price in the past year, representing a day change of -1.55%. This decline extends a two-day losing streak during which the stock has fallen by -4.84%. The stock’s performance today lagged behind the Pesticides & Agrochemicals sector by -1.2%, underscoring its relative weakness within the industry.
Technical indicators reveal that Bharat Rasayan is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Such positioning typically signals sustained bearish sentiment among market participants.
In contrast, the broader market benchmark, the Sensex, opened lower at 84,022.09 points, down -0.19%, and was trading at 84,044.47 points (-0.16%) during the same session. The Sensex remains 2.52% below its 52-week high of 86,159.02, with its 50-day moving average positioned above the 200-day moving average, indicating a generally positive medium-term trend for the index.
Financial Performance and Growth Trends
Bharat Rasayan’s financial metrics have shown signs of contraction over recent quarters. The company reported net sales of Rs.285.96 crores in the latest quarter, reflecting a decline of -12.78%. Correspondingly, the profit after tax (PAT) fell by -13.3% to Rs.27.88 crores. These figures contribute to the stock’s subdued performance and weigh on investor sentiment.
Over the past year, the stock has generated a negative return of -15.87%, significantly underperforming the Sensex, which posted a positive return of 8.29% over the same period. This underperformance extends beyond the last year, as Bharat Rasayan has consistently lagged behind the BSE500 index in each of the last three annual periods.
Long-term growth indicators also point to challenges. Operating profit has declined at an annualised rate of -3.05% over the last five years, highlighting a lack of sustained expansion in core profitability.
Momentum building strong! This Mid Cap from NBFC is on our MomentumNow radar. Other investors are catching on – will you join?
- - Building momentum strength
- - Investor interest growing
- - Limited time advantage
Valuation and Efficiency Metrics
Despite the recent price decline, Bharat Rasayan maintains certain strengths in its financial structure. The company exhibits a high return on equity (ROE) of 15.82%, indicating effective utilisation of shareholder funds. Additionally, the average debt-to-equity ratio remains low at 0.02 times, reflecting a conservative capital structure with minimal leverage.
The stock’s price-to-book value ratio stands at 2.9, which is considered fair relative to its ROE of 12%. This valuation places Bharat Rasayan at a discount compared to the average historical valuations of its peers within the Pesticides & Agrochemicals sector.
However, certain operational ratios raise concerns. The debtors turnover ratio for the half-year period is notably low at 2.54 times, suggesting slower collection cycles and potential liquidity pressures.
Shareholding and Market Position
The majority shareholding of Bharat Rasayan is held by promoters, indicating concentrated ownership. This structure can influence strategic decisions and market perceptions.
While the company operates within the Pesticides & Agrochemicals sector, its stock has not kept pace with sectoral gains or broader market indices, reflecting ongoing challenges in maintaining competitive growth and profitability.
Holding Bharat Rasayan Ltd. from Pesticides & Agrochemicals? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Market Ratings and Outlook
MarketsMOJO assigns Bharat Rasayan a Mojo Score of 26.0, categorising it with a Strong Sell grade as of 6 Jan 2026, an upgrade from the previous Sell rating. The market capitalisation grade stands at 3, reflecting its mid-cap status within the sector.
This rating reflects the company’s recent financial performance, valuation metrics, and trend assessments, which collectively indicate subdued growth prospects and ongoing headwinds in the near term.
In summary, Bharat Rasayan Ltd.’s stock has reached a significant 52-week low of Rs.2077 amid a backdrop of declining sales, profits, and relative underperformance against benchmarks. While certain financial ratios such as ROE and debt levels remain favourable, the overall trend and valuation metrics underscore the challenges faced by the company in sustaining growth and market confidence.
Unlock special upgrade rates for a limited period. Start Saving Now →
