The Indian stock market has been through many twists and turns in the last ten years and has witnessed huge single-day drops caused by the outbreak of Covid 19, demonetization, scams and other geopolitical conflicts. In the midst of all these situations, the share prices of Bharat Rasayan Ltd increased consistently.
The shares of this company were trading at ₹ 130 per share in March 2013 and they are currently trading at ₹13270 per share. If an investor would have invested ₹25,000 in Bharat Rasayan Ltd in 2013, their investment would have been worth ₹ 25.23 lakhs today! In other words, it means a return of 100x in less than 10 years.
In the last month, the share price of Bharat Rasayan Ltd has increased by ~4.87%. However, it has increased by 12.96% in the past 5 days alone, as its share price increased by ₹1500 per share.
In the October to December quarter (Q3FY22), the company reported a standalone quarterly net profit of ₹45.88 crores up 30.23% from ₹35.23 crores in December 2020. Its net sales increased by 51.07% from ₹ 222.04 crores in December 2020 to ₹ 335.44 crores in December 2021.
Bharat Rasayan Ltd is engaged in manufacturing Technical Grade Pesticides and Intermediates used in the agrochemical industry and it caters to all pest problems of major crops in India.
It has over 200 products in its product portfolio and has approximately 100 brands. About a half of its revenue comes from the domestic market and the remaining half comes from international markets like East Asia, Europe, the Middle East and South America.
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