Dark Horse Stock of the Day: This agrochemical stock hits the upper circuit, reaching an all-time high. BSE's volume surged by 529 times today!

The shares of the company have delivered a return of over 405 per cent to its shareholders.

This Small-Cap agrochemical company in India is involved in the manufacturing of insecticides, fungicides, herbicides, etc. It was promoted by the late Sri S. Koteswara Rao, a former scientist of the Indian Institute of Chemical Technology, Hyderabad, in the year 1993. Today the company experienced a significant surge in its share price.

At the start of the day's trading session, the stock opened at Rs 194.45 per share, compared to the previous day's closing figure of Rs 186.05 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 223.25 per share on the BSE. The stock has reached the upper circuit price limit of 20 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers.

The current market capitalization of Bhagiradha Chemicals & Industries stands at Rs 2,323 crore, and the stock has generated an impressive multibagger return of around 6389 per cent in the past decade. 

Stock Price Chart (Weekly)

Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, the company recorded a revenue of Rs 110.32 crore, marking a 10 per cent year-on-year de-growth from Rs 122.57 crore in Q4 FY23. The operating profit for Q4 FY24 stood at Rs 13.95 crore, compared to Rs 18.29 crore in the same quarter of the previous fiscal year, resulting in an operating margin of 12.65 per cent. The net profit for Q4 FY24 was Rs 8.12 crore, compared to Rs 9.82 crore. Looking at the annual performance, the company generated a revenue of Rs 407 crore in FY24, compared to Rs 502 crore in FY23. The operating profit for FY24 was Rs 43 crore, with a net profit of Rs 20 crore.

Regarding the shareholding pattern, the promoters own 20.27 per cent of the company, while FIIs and DIIs collectively hold 0.08 per cent and 3.14 per cent, respectively. The remaining 76.51 per cent is held by public or retail investors.

Investors must keep this small-cap multibagger stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.