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Bhatia Colour Chem Ltd (BCCL) Fair Value & Analysis

Basic Materials · IN · Market cap ₹609M

BC Bhatia Colour Chem Ltd BCCL · BSE
Price₹23.49
Fair Value₹42.70
Upside+81.8%
Quality37/100
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Expensive Growth
Thin margins · 2.7% net margin
Low debt · negative free cash flow
Ranks above peers (8/12)
Narrow moat 32/100
Evidence: High Range ₹32.02 – ₹53.37 Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated 5 days ago

Share price −42.9% over the past month.

Below-average quality, screening 82% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (₹32.02). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (4 years)

₹429.00 ₹23.48 Fair Value ₹42.70 Mar 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

53‑month range ₹23.48 – ₹429.00 · fair‑value band ₹32.02 – ₹53.37 · the ₹23.49 price screens below the ₹42.70 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Bhatia Colour Chem Ltd (BCCL) currently trades at ₹23.49, while our model-based Fair Value estimate is ₹42.70, implying the stock looks roughly 81.8% undervalued today. The Quality Score stands at 37/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Bhatia Colour Chem Ltd generated revenue of ₹1.5B at a net margin of 2.7%. Revenue grew 25.9% year over year. It earns a return on equity of 4.5%. Net debt stands at ₹46.9M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹32.02 (bear case) to ₹53.37 (bull case); at ₹23.49, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Basic Materials peers we cover trades at -68% fair-value upside, at 82%, BCCL screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
ROIC Compounder ₹41.27 ₹46.33 ₹50.55 72
Growth-Adj P/E ₹89.06 ₹127.23 ₹165.39 68
P/E Multiple ₹37.67 ₹50.23 ₹62.79 63
All 15 models by family
DCF Models
Owner Earnings ₹40.58 ₹79.69 ₹152.25 31
Earnings-Based
Graham-Dodd ₹20.09 ₹140.11 ₹196.63 54
Lynch FV ₹72.39 ₹103.41 ₹134.43 50
PEG = 1.0 ₹72.39 ₹103.41 ₹134.43 46
EPV ₹41.27 ₹46.33 ₹50.55 59
Multiples
P/E Multiple ₹37.67 ₹50.23 ₹62.79 63
P/S Multiple ₹37.67 ₹50.23 ₹62.79 58
P/B Multiple ₹37.67 ₹50.23 ₹62.79 55
EV/EBIT ₹65.84 ₹86.41 ₹106.98 53
EV/EBITDA ₹50.98 ₹66.60 ₹82.21 54
EV/Revenue ₹57.61 ₹80.53 ₹103.45 43
Asset-Based
NCAV (Graham) ₹36.90 ₹49.44 ₹73.80 50
Economic Profit
Residual Income ₹51.67 ₹49.95 ₹41.53 61
ROIC Compounder ₹41.27 ₹46.33 ₹50.55 72
Growth Earnings
Growth-Adj P/E ₹89.06 ₹127.23 ₹165.39 68

Widest divergence: Growth Earnings (₹127.23) versus Economic Profit (₹46.33). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) ₹1.5B
Revenue growth (YoY) +25.9%
Net margin 2.7%
Return on equity 4.5%
Free cash flow −₹134M FY2026
P/E ratio 7.9
More key figures
Operating margin 4.0%
EPS (TTM) ₹2.96
EPS growth (YoY) -45.3%
Net debt ₹46.9M FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 39 · Market factors (momentum, volatility) 18

Profitability 41
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 16
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Bhatia Colour Chem Limited manufactures and trades in chemicals, dyes, and auxiliary products in India. The company offers foil binders, printing inks, and zari binders. It also offers textile auxiliaries for washing and dying of yarns and fabrics.

Full company description

Bhatia Colour Chem Limited manufactures and trades in chemicals, dyes, and auxiliary products in India. The company offers foil binders, printing inks, and zari binders. It also offers textile auxiliaries for washing and dying of yarns and fabrics. In addition, the company provides value-added printing products, glitter powder, powder chemicals, and plastic granules. Its products are primarily used for printing on textile materials, such as polyester and cotton, that includes ambos on T-shirts, zari prints, and shading. Bhatia Colour Chem Limited was founded in 1975 and is based in Surat, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Bhatia Colour Chem Ltd reported revenue of ₹1.5B in FY2026 versus ₹141M in FY2022, a compound +81.9%/yr. Reported net income was ₹41.8M in FY2026, compounding +68.6%/yr from FY2022.

Growth Quality 54/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹1.5B
Latest YoY
+23.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.0%
Revenue +81.9%/yr
FY22 ₹141M
FY23 ₹1.1B
FY24 ₹1.1B
FY25 ₹1.3B
FY26 ₹1.5B
Net income +68.6%/yr
FY22 ₹5.2M
FY23 ₹27.4M
FY24 ₹34.5M
FY25 ₹36.6M
FY26 ₹41.8M

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Cite: Fair Value Calculator (2026). "Bhatia Colour Chem Ltd Fair Value". https://www.fairvalue-calculator.com/stock/BCCL

Peer Group

Specialty Chemicals · 670 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 37 · Bottom 25%
Fair Value upside +82% · Top 25%
Return on equity (TTM) 5% · Below median
Return on assets 4% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 26% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 7.9× · Cheaper than 75% of peers
P/B 0.58× · Cheaper than 75% of peers
P/S (TTM) 0.39× · Cheaper than 75% of peers
EV/EBITDA 6.5× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 0
FUTURE 100 · sector 18
PAST 18 · sector 23
HEALTH 99 · sector 95
DIVIDEND 0 · sector 32

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $479.43 $222.03 -54%
Wanhua Chemical Group 600309 ¥75.06 ¥68.03 -9%
Novozymes A/S NSISB kr 416.10 kr 170.02 -59%
Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 -74%
Solar Industries India Limited SOLARINDS ₹18,730 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,702 ₹351.84 -79%
PT Chandra Asri Pacific Tbk TPIA 2,160 IDR 2,322 IDR +8%
Berger Paints India Limited BERGEPAINT ₹541.00 ₹156.35 -71%
Gujarat Fluorochemicals Limited FLUOROCHEM ₹4,566 ₹836.47 -82%
Himadri Speciality Chemical Limited HSCL ₹778.15 ₹248.63 -68%

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Frequently asked questions

Is Bhatia Colour Chem Ltd (BCCL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹42.70 versus a price of ₹23.49, about +82% (undervalued).
What is the fair value of BCCL?
Our model-based fair value for Bhatia Colour Chem Ltd is ₹42.70 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹23.49.
What is the quality score of BCCL?
Bhatia Colour Chem Ltd has a Quality Score of 37/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Bhatia Colour Chem Ltd (BCCL)?
Bhatia Colour Chem Ltd reported trailing-twelve-month revenue of about ₹1.5B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of BCCL?
The net profit margin of Bhatia Colour Chem Ltd is about 2.7%, meaning it keeps roughly 2.7% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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