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    Bharat Rasayan: Why is this a stock to add despite the recent weak quarter?

    Improving margins, strong balance sheet, healthy return on capital, capacity expansion and a gradual shift to a patented high-margin product mix and CRAMS make Bharat Rasayan attractive

    Ruchi Agrawal
    December 28, 2020 / 11:02 AM IST
    Bharat Rasayan: Why is this a stock to add despite the recent weak quarter?

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    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Although Bharat Rasayan’s (BRL) (CMP: Rs 9,295: Mcap: Rs 3,949 crore) performance in Q2 continued to remain impacted compared to last year, there are reasons to turn constructive about the stock. Gradually improving margins, strong balance sheet, healthy return on capital, capacity expansion and the gradual move towards a patented high-margin product mix and CRAMS make the stock attractive. About the company BRL is a manufacturer of technical grade pesticides used in the manufacture of agrochemical formulation products. It has two...

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