---
title: "Bharat Rasayan Ltd (BHARATRAS) — Share Price, Financials & Analysis"
symbol: "BHARATRAS"
company: "Bharat Rasayan Ltd"
canonical: "https://tapetide.com/stocks/BHARATRAS"
isin: "INE838B01021"
nse_symbol: "BHARATRAS"
bse_code: "590021"
sector: "Chemicals"
industry: "Pesticides & Agrochemicals"
market_cap_cr: 1926.71
generated_at: "2026-09-13T19:38:56.594Z"
---

# Bharat Rasayan Ltd (BHARATRAS)

Canonical page: https://tapetide.com/stocks/BHARATRAS

## Company

- **NSE Symbol:** BHARATRAS
- **BSE Code:** 590021
- **ISIN:** INE838B01021
- **Sector:** Chemicals
- **Industry:** Pesticides & Agrochemicals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 1995-10-11
- **CEO:** Mr. Sat Narain Gupta
- **Employees:** 861
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** bharatgroup.co.in

## About

Bharat Rasayan Ltd is engaged in manufacturing Technical Grade Pesticides and Intermediates used in the agro-chemical industry. It was incorporated in 1989.[1]

## Latest Price

- **Price:** ₹1157.9
- **Change:** -10.3 (-0.88%)
- **Open:** ₹1168.9
- **Day High:** ₹1168.9
- **Day Low:** ₹1154
- **Previous Close:** ₹1168.2
- **Volume:** 11351
- **As Of:** 2026-09-11T09:59:57+00:00

## Key Fundamentals

Observed at 2026-09-11T04:53:53.113351Z.

- **Market Cap:** ₹1926.71 Cr
- **Classification:** Microcap
- **P/E (reported):** 13.5
- **P/E (TTM):** 14.16
- **EPS (TTM):** ₹81.79
- **EPS (reported):** ₹316.55
- **Book Value:** ₹766.94
- **Price to Book:** 1.52
- **Dividend Yield:** 0.04%
- **ROE:** 11.43%
- **ROCE:** 15.27%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹1283.1 Cr
- **Net Income:** ₹145.7 Cr
- **EBITDA:** ₹240.4 Cr
- **52-Week High:** ₹2987.5
- **52-Week Low:** ₹1148.1
- **RSI (14):** 26.45

## Tapetide Score

- **Score:** 46 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Falling
- **Percentile:** 31.9 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 90.34 | 9% |
| growth | 17.98 | 9% |
| momentum | 13.64 | 12% |
| ownership | 23.9 | 24% |
| quality | 75.56 | 22% |
| valuation | 53.84 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.

### Weaknesses

- The company has delivered a poor sales growth of 2.60% over past five years.
- Company has a low return on equity of 10.4% over last 3 years.
- Dividend payout has been low at 0.61% of profits over last 3 years

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -23.25% | 221.37% | 301.68% |
| ebitda margin growth | -3.72% | 11.75% | 44.41% | -7.51% |
| net income growth | -2.62% | 3.41% | 2% | -3% |
| revenue growth | 6.43% | 7.01% | 0% | 3% |
| roce | -4.75% | -7.68% | 21% | 19.03% |
| roe | -2.41% | -8.34% | 11.19% | -49.98% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 263 | 233 | 310 | 282 | 328 | 256 | 307 | 377 | 286 | 270 | 308 | 338 |
| Expenses | 248 | 205 | 240 | 244 | 273 | 215 | 266 | 304 | 253 | 228 | 258 | 287 |
| Operating Profit | 15 | 28 | 69 | 38 | 55 | 42 | 40 | 73 | 33 | 43 | 50 | 51 |
| OPM % | 6 | 12 | 22 | 14 | 17 | 16 | 13 | 19 | 12 | 16 | 16 | 15 |
| Other Income | 4 | 4 | 11 | 6 | 7 | 7 | 6 | -8 | 9 | 11 | 10 | 6 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 6 | 7 | 6 | 6 | 6 | 7 | 7 | 6 | 6 | 7 | 7 | 7 |
| Profit before tax | 12 | 24 | 73 | 37 | 54 | 41 | 38 | 58 | 35 | 46 | 52 | 48 |
| Tax % | 34 | 27 | 23 | 27 | 25 | 27 | 25 | 25 | 24 | 26 | 25 | 24 |
| Net Profit | 8 | 17 | 56 | 27 | 40 | 30 | 28 | 44 | 26 | 34 | 39 | 37 |
| EPS in Rs | 4.63 | 10.41 | 33.68 | 16.14 | 24.19 | 17.89 | 17.14 | 26.3 | 15.76 | 20.45 | 23.54 | 22.04 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 792 | 989 | 1213 | 1091 | 1301 | 1234 | 1044 | 1171 | 1240 | 1203 |
| Expenses | 634 | 802 | 983 | 851 | 1049 | 1037 | 926 | 996 | 1041 | 1026 |
| Operating Profit | 159 | 188 | 230 | 240 | 252 | 197 | 118 | 175 | 199 | 177 |
| OPM % | 20 | 19 | 19 | 22 | 19 | 16 | 11 | 15 | 16 | 15 |
| Other Income | 4 | 1 | 14 | 6 | 16 | 15 | 21 | 26 | 22 | 36 |
| Interest | 12 | 16 | 16 | 4 | 7 | 6 | 3 | 5 | 5 | 4 |
| Depreciation | 16 | 17 | 22 | 26 | 25 | 26 | 26 | 27 | 26 | 27 |
| Profit before tax | 135 | 155 | 205 | 216 | 235 | 180 | 109 | 169 | 191 | 181 |
| Tax % | 27 | 28 | 23 | 24 | 25 | 27 | 25 | 26 | 25 | — |
| Net Profit | 98 | 112 | 158 | 164 | 177 | 131 | 82 | 125 | 143 | 136 |
| EPS in Rs | 57.83 | 65.6 | 92.73 | 96.75 | 106.7 | 78.81 | 49.16 | 75.36 | 85.99 | 81.79 |
| Dividend Payout % | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 8 |
| Reserves | 196 | 294 | 405 | 560 | 724 | 768 | 897 | 978 | 1102 | 1240 |
| Borrowings | 115 | 128 | 247 | 94 | 58 | 174 | 28 | 80 | 85 | 1 |
| Other Liabilities | 54 | 77 | 100 | 94 | 122 | 142 | 152 | 129 | 193 | 157 |
| Total Liabilities | 369 | 504 | 756 | 752 | 908 | 1087 | 1082 | 1192 | 1385 | 1406 |
| Fixed Assets | 131 | 148 | 150 | 203 | 191 | 228 | 225 | 230 | 230 | 246 |
| CWIP | 1 | 7 | 35 | 18 | 18 | 11 | 11 | 6 | 15 | 46 |
| Investments | 0 | 0 | 0 | 9 | 151 | 45 | 75 | 137 | 275 | 298 |
| Other Assets | 237 | 349 | 570 | 522 | 549 | 803 | 771 | 818 | 865 | 816 |
| Total Assets | 369 | 504 | 756 | 752 | 908 | 1087 | 1082 | 1192 | 1385 | 1406 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 16 | 29 | -52 | 263 | 170 | -65 | 213 | 41 | 172 | 132 |
| Cash from Investing Activity | 8 | -31 | -46 | -53 | -149 | 64 | -43 | -76 | -148 | -75 |
| Cash from Financing Activity | -24 | 2 | 102 | -169 | -40 | -25 | -152 | 49 | -1 | -89 |
| Net Cash Flow | 0 | 0 | 4 | 40 | -19 | -26 | 18 | 14 | 23 | -33 |
| Free Cash Flow | 3 | -3 | -100 | 204 | 160 | -121 | 191 | 14 | 137 | 59 |
| CFO/OP | 36 | 42 | -5 | 137 | 92 | -3 | 134 | 59 | 120 | 88 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 71 | 102 | 103 | 75 | 99 | 130 | 96 | 138 | 131 | 113 |
| Inventory Days | 75 | 66 | 112 | 70 | 90 | 120 | 141 | 135 | 136 | 150 |
| Days Payable | 17 | 25 | 24 | 17 | 33 | 30 | 33 | 37 | 67 | 44 |
| Cash Conversion Cycle | 129 | 143 | 191 | 128 | 156 | 221 | 204 | 236 | 200 | 219 |
| Working Capital Days | 66 | 87 | 96 | 94 | 114 | 136 | 165 | 199 | 170 | 192 |
| ROCE % | 34 | 39 | 32 | 34 | 31 | 28 | 20 | 11 | 14 | 16 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.43% | 0.54% | 0.41% |
| DIIs | 2.57% | 2.57% | 2.57% | 2.55% | 2.55% | 2.55% | 2.55% | 2.55% | 2.4% | 2.52% | 2.14% | 2% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 9.35% | 9.17% | 9.17% | 10.02% | 11.26% | 11.29% | 11.23% | 11.16% | 11.3% | 10.61% | 10.84% | 11.41% |
| Others | 13.09% | 13.27% | 13.27% | 12.44% | 11.2% | 11.16% | 11.23% | 11.29% | 11.31% | 11.44% | 11.49% | 11.2% |
| No. of Shareholders | 16059 | 15398 | 14667 | 15156 | 15889 | 15857 | 15036 | 15668 | 15388 | 20569 | 21935 | 22445 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 6 / 1 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1185.39 | Sell |
| EMA (10) | 1187.89 | Sell |
| SMA (20) | 1233.6 | Sell |
| EMA (20) | 1223.42 | Sell |
| SMA (50) | 1289.88 | Sell |
| EMA (50) | 1282.66 | Sell |
| SMA (100) | 1348.63 | Sell |
| EMA (100) | 1373.85 | Sell |
| SMA (200) | 1605.61 | Sell |
| EMA (200) | 1592.73 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 24.92 | Buy |
| MACD (12,26,9) | -42.9 | Sell |
| Stochastic (14,3,3) | 10.04 | Buy |
| ADX (14) | 27.44 | Buy |
| Williams %R (14) | -93.5 | Buy |
| ATR (14) | 36.34 | High Volatility |
| ROC (12) | -9.43 | Sell |
| Stoch RSI (14) | 10.83 | Buy |
| UO (7,14,28) | 26.6 | Buy |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-31 | [Fixes Record Date for Final Dividend](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=BA39403D-3A4D-430D-BE82-B72EB5BAA10F-170922.pdf) |
| 2026-07-30 | [Board Meeting Intimation for Results & Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5625EA29-78F7-48F6-B8C7-F32BCAB7C479-154437.pdf) |
| 2026-06-24 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C72EBBCA-B514-47D9-A93A-772E67A8F06C-111756.pdf) |
| 2026-05-09 | [Board Meeting Intimation for Results & Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C4E218EA-6E5B-4954-B7D5-161D1CE37439-113248.pdf) |
| 2026-01-30 | [Board Meeting Intimation for Results & Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9DE27344-2513-40FB-A4EA-E785E40EFF7F-121223.pdf) |
| 2026-01-19 | [Outcome of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=46B833B1-3EB9-4B8D-B0D0-65EA02914335-170749.pdf) |
| 2025-12-26 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=939C9BF4-107A-4478-830D-61BE891B782A-155540.pdf) |
| 2025-12-15 | [Allotment of Bonus Equity Shares](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=F0D7D755-2E00-45A9-8FB8-CC02C08F4F87-102115.pdf) |
| 2025-12-03 | [Outcome of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=97880808-F2BC-4DD7-A426-37E5C4DE7394-135659.pdf) |
| 2025-12-03 | [Fixes Record Date for Stock Split & Bonus Issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3088A153-428A-4262-9D3C-694C4019E32D-140002.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-31 | [Standalone & Consolidated Financial Results Limited Review Report for June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9202515A-54FE-4D36-8BD2-1238B5BAC829-132338.pdf) |
| 2026-02-13 | [Standalone & Consolidated Financial Results Limited Review Report for December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=A0356F70-2C88-4C6C-A01F-D860D0BFF191-115729.pdf) |
| 2025-11-11 | [Standalone & Consolidated Financial Results Limited Review Report for September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=FCF62056-25CA-4A4C-AAF2-134536AE8711-180732.pdf) |
| 2025-08-13 | [Standalone & Consolidated Financial Results Limited Review Report for June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=66674863-4EBD-49B7-8ECE-C454B5756318-102729.pdf) |
| 2025-05-28 | [Standalone & Consolidated Financial Results Auditors Report for March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=182060B6-EB04-4447-9D35-5D52A4823BBE-175204.pdf) |
| 2025-02-14 | [Standalone & Consolidated Financial Results Limited Review Report for December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=21C5A2CB-B207-4E7B-91BC-465A599690A2-123609.pdf) |
| 2024-11-12 | [Standalone & Consolidated Financial Results, Limited Review Report for September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0BD5FFDB-D7AB-480D-BB6E-B2CB6C1CA73C-174328.pdf) |
| 2024-08-08 | [Standalone & Consolidated Financial Results, Limited Review Report for June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=DBD98A9B-FCF7-412B-97A9-692ECF77D904-182956.pdf) |
| 2024-05-31 | [Standalone & Consolidated Financial Results, Auditors Report for March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2D64147A-0361-4BCD-8C0A-80F81C0B2D93-122539.pdf) |
| 2023-11-08 | [Standalone & Consolidated Financial Results, Limited Review Report for September 30, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=A45608AE-A2FA-425E-A0B5-89A6568C4D6E-172707.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 30 Jan - Board meeting on 12 Feb 2026 to approve Q3/9M results; trading window closed Jan30–Feb14. | [Board Meeting Intimation for Results & Closure of Trading Window 30 Jan - Board meeting on 12 Feb 2026 to approve Q3/9M results; trading window closed Jan30–Feb14.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9DE27344-2513-40FB-A4EA-E785E40EFF7F-121223.pdf) |
| 19 Jan - Rajender Prasad Gupta re-designated Executive to Non‑Executive Non‑Independent Director effective 19 Jan 2026, Bharat Rasayan. | [Outcome of Board Meeting 19 Jan - Rajender Prasad Gupta re-designated Executive to Non‑Executive Non‑Independent Director effective 19 Jan 2026, Bharat Rasayan.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/46B833B1-3EB9-4B8D-B0D0-65EA02914335-170749.pdf) |
| 12 Feb - Assessment order for AY2024-25: demand INR25,79,86,410; penalty proceedings u/s270A; company to appeal. | [Disclosure Under Reg. 30 Of SEBI (LODR) Regulations, 2015 12 Feb - Assessment order for AY2024-25: demand INR25,79,86,410; penalty proceedings u/s270A; company to appeal.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3e97e4cf-8e24-4033-9438-da93d991acaf.pdf) |
| 10 Feb - Q3 and 9M FY26 unaudited results: Q3 revenue INR 2,867mn; PAT INR 333mn; presentation uploaded. | [Disclosure under Regulation 30A of LODR 10 Feb - Q3 and 9M FY26 unaudited results: Q3 revenue INR 2,867mn; PAT INR 333mn; presentation uploaded.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/469664f6-175c-4483-8c16-06dd77a1399e.pdf) |
| 10 Feb - Audio recording of earnings call for quarter and nine months ended Dec 31, 2025 posted Feb 10, 2026. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 10 Feb - Audio recording of earnings call for quarter and nine months ended Dec 31, 2025 posted Feb 10, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ffea2196-7ff7-4b4a-8be1-6f76585d82ea.pdf) |
| 1 Mar - Virtual Auto Ancillaries investor conference on Mar 6, 2026, 14:00-15:00 (Emkay). | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1 Mar - Virtual Auto Ancillaries investor conference on Mar 6, 2026, 14:00-15:00 (Emkay).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d8f2cdf1-ac61-45db-b767-4d6ffff9d55a.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 17 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d4de66dd-b6a4-4979-96a8-2a046f6b8a03.pdf) |
| — | [Standalone & Consolidated Financial Results, Limited Review Report for December 31, 2025 13 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/A0356F70-2C88-4C6C-A01F-D860D0BFF191-115729.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/10e98c53-975a-4d4c-8cec-245df04968d3.pdf) |
| — | [Closure of Trading Window 26 Dec 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/939C9BF4-107A-4478-830D-61BE891B782A-155540.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2ba0d59a-a729-42f5-95a9-29824f809338.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3c93b8ed-ea37-4bae-80c4-10a89123b7b6.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ec2ac5d4-6813-4d6f-b419-de256f763d82.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39ee6f13-0bf8-41a8-b70b-dbc1afbd20a3.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/80fb7c90-abe9-43c4-b92d-76074fc96da0.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/039af273-5307-47fa-88ff-8a7b0834c6dd.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b4e5637a-ba29-49e9-869e-413058b74a90.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fcc54042-3676-456e-8d8e-e47e1a9d01bb.pdf) |
| Feb 2023 | [Concall - Feb 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bca81a3c-54e0-4a5d-b1ec-f219b94ef897.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/52d42796-458c-419a-a176-c5090e425ff0.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/AR_27570_BHARATRAS_2024_2025_A_22082025144226.pdf) |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/https://nsearchives.nseindia.com/annual_reports/AR_27570_BHARATRAS_2024_2025_A_22082025144226.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/AR_25066_BHARATRAS_2023_2024_2208202414642.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/https://nsearchives.nseindia.com/annual_reports/AR_25066_BHARATRAS_2023_2024_2208202414642.pdf) |
| from nse | [Financial Year 2010 from nse](https://archives.nseindia.com/annual_reports/AR_BHARATRAS_2009_2010_01092010120000.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9d9e3172-9297-46ab-a342-3103046ff8c5.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/bseplus/AnnualReport/590021/94374590021.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f9d9bf75-d0ca-46d9-b61f-3647a407c60a.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e907d29d-10ea-4c49-a09a-ff1d48e7fe80.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/590021/75504590021.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:38:56.594Z.