Bhageria Industries Limited has released its Integrated Annual Report for FY2025-26, reporting robust growth across its core business segments. On a standalone basis, the company achieved total income of ₹880.56 crore for the year ended March 31, 2026, compared to ₹604.07 crore in FY2024-25 — a growth of 45.77%. Net profit after tax rose to ₹50.30 crore from ₹42.27 crore in the previous year, while earnings per share improved to ₹11.52 from ₹9.68. The Board of Directors has recommended a final dividend of ₹2.50 per equity share of face value ₹5 each, representing a 50% dividend on the paid-up equity share capital and a payout of 21.69% of profits, subject to shareholder approval at the 37th Annual General Meeting scheduled for August 1, 2026.

Financial Performance Overview

The company's financial results for FY2025-26 reflect significant top-line expansion alongside steady profitability. The following table summarises the key standalone and consolidated financial metrics:

On a consolidated basis, total income grew to ₹880.79 crore from ₹601.59 crore, registering a growth of 46.41%. Consolidated EBITDA stood at ₹98.00 crore compared to ₹88.40 crore in FY2024-25, while consolidated PAT stood at ₹44.49 crore versus ₹38.69 crore in the prior year. The consolidated net worth as at March 31, 2026 stood at ₹456.53 crore.

Segment-wise Performance

The company operates across three primary business segments — Chemicals, Solar Power, and Pharmaceuticals. The Chemical segment was the dominant contributor to revenues in FY2025-26, as detailed below:

On a consolidated basis, the Chemical segment turnover was ₹829.56 crore (FY25: ₹504.31 crore) with EBIT of ₹69.26 crore (FY25: ₹56.46 crore). Consolidated Solar Power turnover stood at ₹27.13 crore (FY25: ₹27.83 crore) with EBIT of ₹11.39 crore, while the Pharma segment reported consolidated turnover of ₹6.45 crore (FY25: ₹5.57 crore) with an EBIT of (₹7.54) crore. Plant utilisation in the Chemical segment held at 95–97% through much of the year, supported by sustained export demand from customers in Southeast Asia and Europe. The company also commenced production of Plasticizers — a new product — at its Tarapur facility during the year.

Solar Energy Expansion

On the renewable energy front, the company's subsidiary Rahuri Cleantech Private Limited successfully commissioned a 14 MW solar power plant during FY2025-26. An additional 7 MW was commissioned in May 2026, taking total installed capacity to 21 MW. This plant forms part of a larger 32 MW capacity build-out under Maharashtra's MSKVY 2.0 scheme. Separately, the company undertook development of a 2.25 MW DC Solar Power Plant at Tapi, Songadh, Gujarat, for self-captive consumption, which is currently under implementation.

Key Financial Ratios

The following standalone key financial ratios reflect the company's operational and financial position for FY2025-26:

The improvement in inventory and receivables turnover ratios reflects enhanced working capital management. The decline in the Debt-Equity Ratio was primarily on account of reduction in borrowings and improvement in net worth. The decline in Operating Profit Margin was attributable to changes in product mix, competitive market conditions, and higher input costs.

Corporate Governance and Board Matters

The Board of Directors comprises seven directors as on March 31, 2026 — three Executive Directors and four Independent Directors, including one Woman Director. The Board met four times during FY2025-26. At the forthcoming 37th AGM, members will consider the re-appointment of Mr. Suresh Bhageria as Executive Director & Chairman (WTD), Mr. Vinod Bhageria as Managing Director, and Mr. Vikas Bhageria as Jt. Managing Director, each for a period of three years commencing April 1, 2027 up to March 31, 2030. The remuneration of Cost Auditors M/s K V M & Co. at ₹2,00,000/- plus GST for FY2026-27 is also proposed for ratification.

The following table summarises the key AGM agenda items:

During the year, the company completed the voluntary liquidation of its wholly owned subsidiary Bhageria Industries Holding Company WLL, incorporated in the Kingdom of Bahrain, with effect from November 20, 2025. As on March 31, 2026, the company has five subsidiary companies: Bhageria & Jajodia Pharmaceuticals Private Limited, Rahuri Cleantech Private Limited, Salasar Renewables Private Limited, Hikaru Solar Power Private Limited, and New Ahilyanagar Solar Private Limited.

Foreign Exchange and CSR

Foreign exchange earned during FY2025-26 stood at ₹30,371.92 lakhs, compared to ₹9,109.94 lakhs in FY2024-25. Foreign exchange outgo was ₹9,294.18 lakhs versus ₹9,295.99 lakhs in the prior year. On CSR, the company incurred expenditure of ₹33.99 lakhs during FY2025-26 against a statutory CSR obligation of ₹70.51 lakhs, utilising an eligible set-off balance of ₹280.51 lakhs arising from excess CSR expenditure incurred during FY2023-24 and FY2024-25. The company had 457 permanent employees on its rolls as on March 31, 2026.

Bhageria Industries Limited has fixed Friday, July 24, 2026, as the record date to determine shareholder eligibility for a dividend of ₹2.50 per equity share. The dividend, recommended by the Board for the financial year ended March 31, 2026, amounts to 50% of the face value of ₹5 per share and is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The payout, if approved, will be made on or after August 6, 2026, subject to tax deducted at source.

The company has scheduled its 37th AGM for Saturday, August 1, 2026, at 12:30 P.M. IST via video conferencing. The proceedings will be deemed to be conducted at the company's registered office located at 17th Floor, Office No. 1702, 9 Business Bay, Off New Link Road, Mindspace, Behind Evershine Mall, Malad (West), Mumbai - 400064. Consequently, the Register of Members and Share Transfer Books will remain closed from Saturday, July 25, 2026, to Saturday, August 1, 2026.

Payments to beneficial owners holding shares in dematerialized form will be processed based on records provided by the National Securities Depository Limited and Central Depository Services (India) Limited as of the close of business hours on the record date. For members holding shares in physical form, the payment will be made after accounting for valid transmission or transposition requests lodged with the company or its registrar, MUFG Intime India Private Limited.

Key AGM and Dividend Details

The Board of Directors initially approved the dividend recommendation at its meeting held on May 2, 2026. The final payout is contingent upon approval by the members of the company at the AGM.