543497 - Bhatia Colour
Financial Performance
Revenue Growth by Segment
Total revenue from operations grew 9.22% YoY, reaching INR 12,503.26 Lacs in FY25 compared to INR 11,447.83 Lacs in FY24. Segment-specific growth is not disclosed.
Geographic Revenue Split
Not disclosed in available documents.
Profitability Margins
Gross margin stood at 23.08% in FY25. Net profit margin was 2.93% (INR 366.27 Lacs) in FY25, a slight decrease from 3.01% (INR 345.12 Lacs) in FY24.
EBITDA Margin
EBITDA margin was approximately 5.99% (INR 749.21 Lacs) in FY25, calculated from PBT of INR 532.45 Lacs plus finance costs of INR 171.85 Lacs and depreciation of INR 44.91 Lacs.
Capital Expenditure
Not disclosed in available documents.
Credit Rating & Borrowing
The company reduced its long-term borrowings by 66.37% to INR 647.87 Lacs in FY25 from INR 1,926.54 Lacs in FY24. Finance costs were INR 171.85 Lacs.
Operational Drivers
Raw Materials
Chemical raw materials and materials for color chemistry, representing 76.9% of total revenue.
Import Sources
Not disclosed in available documents.
Key Suppliers
Not disclosed in available documents.
Capacity Expansion
Not disclosed in available documents.
Raw Material Costs
Cost of materials was INR 9,617.92 Lacs in FY25, representing 76.9% of revenue and increasing 4.18% YoY from INR 9,231.72 Lacs.
Manufacturing Efficiency
Not disclosed in available documents.
Logistics & Distribution
Not disclosed in available documents.
Strategic Growth
Expected Growth Rate
9.22%
Growth Strategy
The company is raising INR 1,474.00 Lacs through the preferential allotment of share warrants to strengthen its capital base for future expansion and to manage working capital requirements effectively. This capital infusion is intended to support the scale-up of operations in the color chemical sector.
Products & Services
Color chemicals, dyes, and chemical products used in industrial applications.
Brand Portfolio
Bhatia Colour Chem Limited.
New Products/Services
Not disclosed in available documents.
Market Expansion
Not disclosed in available documents.
Market Share & Ranking
Not disclosed in available documents.
Strategic Alliances
Not disclosed in available documents.
External Factors
Industry Trends
The chemical sector is increasingly adopting digital compliance measures, such as mandatory audit trails in accounting software, and moving towards full dematerialization of securities (100% demat for the company) to enhance transparency and efficiency.
Competitive Landscape
Not disclosed in available documents.
Competitive Moat
The company maintains a competitive advantage through robust internal financial control systems and strict adherence to statutory compliance, which ensures operational reliability and investor confidence in a regulated industry.
Macro Economic Sensitivity
Not disclosed in available documents.
Consumer Behavior
Not disclosed in available documents.
Geopolitical Risks
Not disclosed in available documents.
Regulatory & Governance
Industry Regulations
Operations are governed by the Companies Act 2013 (specifically Sections 42, 62, 133, and 197) and SEBI (Depositories and Participants) Regulations 2018, focusing on financial reporting standards and shareholding transparency.
Environmental Compliance
Not disclosed in available documents.
Taxation Policy Impact
The effective tax rate for FY25 was 31.2%, with current tax expenses of INR 166.18 Lacs on a PBT of INR 532.45 Lacs.
Legal Contingencies
The company reported no pending litigations that would impact its financial position (INR 0 value).
Risk Analysis
Key Uncertainties
High working capital dependency due to trade receivables of INR 6,278.93 Lacs, which represents approximately 50% of annual revenue.
Geographic Concentration Risk
Primary operations and registered office are located in Surat, Gujarat.
Third Party Dependencies
Not disclosed in available documents.
Technology Obsolescence Risk
Low risk due to the implementation of modern accounting software with audit trail capabilities as per statutory requirements.
Credit & Counterparty Risk
Significant exposure to trade receivables amounting to INR 6,278.93 Lacs, requiring rigorous credit monitoring.