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Last Updated: April 2, 2026, 4:12 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 524828 | NSE: BDH

BDH Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹296.89Overvalued by 22.08%vs CMP ₹381.00

P/E (21.0) × ROE (14.2%) × BV (₹123.00) × DY (1.18%)

₹205.71Overvalued by 46.01%vs CMP ₹381.00
MoS: -85.2% (Negative)Confidence: 70/100 (High)Models: All 10: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹319.5420%Over (-16.1%)
Graham NumberEarnings₹223.8714%Over (-41.2%)
Earnings PowerEarnings₹130.4812%Over (-65.8%)
DCFCash Flow₹262.6512%Over (-31.1%)
Net Asset ValueAssets₹123.526%Over (-67.6%)
EV/EBITDAEnterprise₹180.938%Over (-52.5%)
Dividend DiscountDividends₹73.858%Over (-80.6%)
Earnings YieldEarnings₹181.106%Over (-52.5%)
ROCE CapitalReturns₹211.438%Over (-44.5%)
Revenue MultipleRevenue₹116.565%Over (-69.4%)
Consensus (10 models)₹205.71100%Overvalued
Key Drivers: Wide model spread (₹74–₹320) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 7.6%

*Investments are subject to market risks

Investment Snapshot

62
BDH Industries Ltd scores 62/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health81/100 · Strong
ROCE 17.8% GoodROE 14.2% GoodD/E 0.20 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 49.7% Stable
Earnings Quality50/100 · Moderate
OPM stable around 16% Steady
Quarterly Momentum58/100 · Moderate
Revenue (4Q): +12% YoY GrowingProfit (4Q): +7% YoY PositiveOPM: 14.4% (down 7.4% YoY) Margin pressure
Industry Rank55/100 · Moderate
P/E 21.0 vs industry 53.8 Cheaper than peersROCE 17.8% vs industry 16.4% Average3Y sales CAGR: -1% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:12 am

Market Cap 219 Cr.
Current Price 381
Intrinsic Value₹205.71
High / Low 524/241
Stock P/E21.0
Book Value 123
Dividend Yield1.18 %
ROCE17.8 %
ROE14.2 %
Face Value 10.0
PEG Ratio2.75

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for BDH Industries Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
BDH Industries Ltd 219 Cr. 381 524/24121.0 1231.18 %17.8 %14.2 % 10.0
Everest Organics Ltd 215 Cr. 221 536/19736.7 74.70.00 %1.76 %2.23 % 10.0
Gennex Laboratories Ltd 208 Cr. 8.55 17.2/7.0511.9 8.790.00 %13.0 %10.2 % 1.00
Ambalal Sarabhai Enterprises Ltd 203 Cr. 26.5 42.0/23.111.4 19.20.00 %9.12 %6.25 % 10.0
Nectar Lifescience Ltd 190 Cr. 9.76 28.3/9.20 32.00.00 %5.36 %11.2 % 1.00
Industry Average19,815.15 Cr1,053.8453.84201.200.39%16.35%15.16%6.10

All Competitor Stocks of BDH Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 12.1922.7218.3119.3521.0627.1116.2616.2316.2017.8218.6218.9629.34
Expenses 9.6820.2016.3516.1817.5723.3014.3013.1812.6714.7516.5015.6325.11
Operating Profit 2.512.521.963.173.493.811.963.053.533.072.123.334.23
OPM % 20.59%11.09%10.70%16.38%16.57%14.05%12.05%18.79%21.79%17.23%11.39%17.56%14.42%
Other Income 0.130.340.370.410.370.430.380.430.460.570.550.550.53
Interest 0.040.070.040.030.020.100.020.040.010.010.010.030.01
Depreciation 0.150.130.130.130.130.180.220.230.230.230.220.220.22
Profit before tax 2.452.662.163.423.713.962.103.213.753.402.443.634.53
Tax % 25.31%28.20%25.00%26.61%25.07%25.25%25.24%25.23%25.07%26.76%25.00%27.82%22.96%
Net Profit 1.841.911.622.512.782.961.572.412.812.491.832.623.49
EPS in Rs 3.203.322.814.364.835.142.734.194.884.323.184.556.06

Last Updated: March 3, 2026, 11:54 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 12:45 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 42444643415259576974866785
Expenses 39404238364551496064735572
Operating Profit 44455799911121213
OPM % 9%9%9%11%13%14%15%15%13%15%14%17%15%
Other Income 1121111111222
Interest 1000011000000
Depreciation 1111111111111
Profit before tax 345557891011131214
Tax % 33%32%33%33%27%26%27%27%24%26%25%26%
Net Profit 233345667810910
EPS in Rs 3.994.465.615.806.538.3910.3211.0512.5414.2417.1416.1018.11
Dividend Payout % 31%39%37%36%36%34%25%28%29%28%26%28%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)50.00%0.00%0.00%33.33%25.00%20.00%0.00%16.67%14.29%25.00%-10.00%
Change in YoY Net Profit Growth (%)0.00%-50.00%0.00%33.33%-8.33%-5.00%-20.00%16.67%-2.38%10.71%-35.00%

BDH Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:4%
5 Years:2%
3 Years:-1%
TTM:-18%
Compounded Profit Growth
10 Years:14%
5 Years:9%
3 Years:10%
TTM:-3%
Stock Price CAGR
10 Years:18%
5 Years:32%
3 Years:35%
1 Year:-10%
Return on Equity
10 Years:15%
5 Years:15%
3 Years:16%
Last Year:14%

Last Updated: September 5, 2025, 2:36 pm

Balance Sheet

Last Updated: March 3, 2026, 12:37 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 6666666666666
Reserves 17182123252832374349566365
Borrowings 119988139925910
Other Liabilities 14191517181818191820231718
Total Liabilities 48525254576665716980938789
Fixed Assets 15131323232221202019202019
CWIP 0040000000000
Investments 0000000000000
Other Assets 33383531344444514961736769
Total Assets 48525254576665716980938789

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 4647-0-411136-215
Cash from Investing Activity + -0-0-5-5011110-02
Cash from Financing Activity + 3-3-1-3-33-6-2-801-10
Net Cash Flow 63-1-1-206-0-47-16
Free Cash Flow 36-01-1-411146-415
CFO/OP 137%198%146%186%21%-24%153%35%64%82%11%153%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-7.00-5.00-5.00-3.00-3.00-6.000.000.007.006.003.0011.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 68.0480.8863.7867.3763.4888.9767.6296.4476.3881.57120.6077.82
Inventory Days 65.1970.9361.1839.4195.2088.9750.5953.3150.0052.5930.2865.17
Days Payable 143.99201.25162.04191.94244.14188.21157.61171.21122.59138.98127.90133.60
Cash Conversion Cycle -10.76-49.44-37.08-85.16-85.47-10.27-39.40-21.463.79-4.8122.989.39
Working Capital Days -74.07-75.69-71.58-90.45-60.36-29.16-31.366.1656.2348.5871.32102.40
ROCE %12.96%12.67%14.69%14.32%14.21%16.40%18.59%18.21%18.24%20.35%20.61%17.82%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 49.66%49.66%49.67%49.67%49.67%49.67%49.67%49.67%49.67%49.70%49.70%49.70%
FIIs 0.00%0.00%0.00%0.00%0.00%0.44%0.28%0.28%0.28%0.28%0.28%0.28%
Public 50.35%50.34%50.33%50.34%50.34%49.91%50.06%50.05%50.05%50.02%50.04%50.03%
No. of Shareholders 5,7875,6815,1655,1115,4325,2465,2495,0445,0025,0144,8894,800

Shareholding Pattern Chart

No. of Shareholders

BDH Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 16.1117.1414.2512.5511.05
Diluted EPS (Rs.) 16.1117.1414.2512.5511.05
Cash EPS (Rs.) 17.6818.1415.2413.6412.04
Book Value[Excl.RevalReserv]/Share (Rs.) 117.14105.6792.7082.0770.24
Book Value[Incl.RevalReserv]/Share (Rs.) 119.43107.9695.0084.3972.51
Dividend / Share (Rs.) 4.504.504.003.603.00
Revenue From Operations / Share (Rs.) 115.52149.08129.33120.5396.73
PBDIT / Share (Rs.) 23.3524.3320.4817.3016.53
PBIT / Share (Rs.) 21.7823.3319.5016.2015.20
PBT / Share (Rs.) 21.6523.0219.2216.5914.72
Net Profit / Share (Rs.) 16.1117.1414.2512.5510.71
PBDIT Margin (%) 20.2116.3215.8414.3517.08
PBIT Margin (%) 18.8515.6515.0713.4415.71
PBT Margin (%) 18.7415.4314.8613.7615.22
Net Profit Margin (%) 13.9411.4911.0110.4011.06
Return on Networth / Equity (%) 13.7516.2215.3715.2815.24
Return on Capital Employeed (%) 17.9021.4020.2518.9120.54
Return On Assets (%) 10.6610.5610.2510.488.97
Total Debt / Equity (X) 0.010.140.090.040.20
Asset Turnover Ratio (%) 0.730.980.990.990.84
Current Ratio (X) 3.952.372.462.511.88
Quick Ratio (X) 3.512.202.172.161.67
Inventory Turnover Ratio (X) 10.749.816.898.167.35
Dividend Payout Ratio (NP) (%) 27.9323.3325.2623.9122.63
Dividend Payout Ratio (CP) (%) 25.4522.0523.6221.9820.13
Earning Retention Ratio (%) 72.0776.6774.7476.0977.37
Cash Earning Retention Ratio (%) 74.5577.9576.3878.0279.87
Interest Coverage Ratio (X) 184.1877.2674.6944.2234.81
Interest Coverage Ratio (Post Tax) (X) 128.0355.4352.9631.0623.55
Enterprise Value (Cr.) 121.21145.8543.8360.4140.73
EV / Net Operating Revenue (X) 1.821.700.580.870.70
EV / EBITDA (X) 9.0210.413.726.064.15
MarketCap / Net Operating Revenue (X) 2.281.890.871.110.95
Retention Ratios (%) 72.0676.6674.7376.0877.36
Price / BV (X) 2.242.671.221.631.31
Price / Net Operating Revenue (X) 2.281.890.871.110.95
EarningsYield 0.060.060.120.090.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

BDH Industries Ltd. is a Public Limited Listed company incorporated on 05/12/1990 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L24100MH1990PLC059299 and registration number is 059299. Currently Company is involved in the business activities of Manufacture of allopathic pharmaceutical preparations. Company's Total Operating Revenue is Rs. 66.51 Cr. and Equity Capital is Rs. 5.76 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
PharmaceuticalsNair Baug, Akurli Road, Mumbai Maharashtra 400101Contact not found
Management
NamePosition Held
Ms. Jayashree NairChairperson & Managing Director
Mr. S C KachharaJoint Managing Director & CFO
Ms. Karthika NairNon Executive Director
Mr. Prabhakar DalalIndependent Director
Dr. Mitul PatelIndependent Director
Mr. Suresh Chandra KookadaIndependent Director

FAQ

What is the intrinsic value of BDH Industries Ltd and is it undervalued?

As of 12 April 2026, BDH Industries Ltd's intrinsic value is ₹205.71, which is 46.01% lower than the current market price of ₹381.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.2 %), book value (₹123), dividend yield (1.18 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of BDH Industries Ltd?

BDH Industries Ltd is trading at ₹381.00 as of 12 April 2026, with a FY2026-2027 high of ₹524 and low of ₹241. The stock is currently in the middle of its 52-week range. Market cap stands at ₹219 Cr..

How does BDH Industries Ltd's P/E ratio compare to its industry?

BDH Industries Ltd has a P/E ratio of 21.0, which is below the industry average of 53.84. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is BDH Industries Ltd financially healthy?

Key indicators for BDH Industries Ltd: ROCE of 17.8 % indicates efficient capital utilization. Dividend yield is 1.18 %.

Is BDH Industries Ltd profitable and how is the profit trend?

BDH Industries Ltd reported a net profit of ₹9 Cr in Mar 2025 on revenue of ₹67 Cr. Compared to ₹7 Cr in Mar 2022, the net profit shows an improving trend.

Does BDH Industries Ltd pay dividends?

BDH Industries Ltd has a dividend yield of 1.18 % at the current price of ₹381.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in BDH Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE