Bharat Rasayan vs Heranba Industries: Share Price, PE, ROE Compared
- August 12, 2026
- Posted by: Neeraj Pandey
- Category: Market
Bharat Rasayan MCap Rs 2,282 Cr, PE 15.66x, ROE 11.43%, zero debt. Heranba Industries MCap Rs 709 Cr, LOSS-MAKING (EPS -19.38, ROE -10.03%).
Bharat Rasayan vs Heranba Industries is a comparison agro chemicals investors look up when evaluating two listed Indian specialty agrochemical companies. Bharat Rasayan, a Delhi-based company, manufactures insecticides, herbicides and fungicides as technical-grade and formulation products for domestic farmers and for export to global markets. Heranba Industries, a Vapi-based company, manufactures pyrethroid insecticide technicals (permethrin, cypermethrin, deltamethrin) and formulations for agrochemical markets. The Bharat Rasayan versus Heranba comparison shows a profitable, zero-debt agro-chemical company versus a loss-making one.
This Bharat Rasayan vs Heranba Industries article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.
Reach and Market Position
In this Bharat Rasayan vs Heranba Industries comparison, Bharat Rasayan manufactures technical agrochemicals and formulations sold to Indian farmers through agrodealer networks and to global agro companies for contract manufacturing. Market capitalisation is Rs 2,282 Cr.
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Heranba Industries manufactures pyrethroid insecticide technicals (permethrin, cypermethrin, deltamethrin, bifenthrin) and sells globally through exports. Market capitalisation is Rs 709 Cr.
Key Products and Business Mix
For the Bharat Rasayan vs Heranba Industries product breakdown, Bharat Rasayan: Bharat Rasayan earns from insecticide, herbicide and fungicide technical and formulations. EPS is Rs 87.67. PE is 15.66x (affordable), ROE 11.43 percent, zero debt.
Heranba Industries: Heranba earns from pyrethroid insecticide technicals and formulations. EPS is -Rs 19.38 (LOSS-MAKING!). ROE is -10.03 percent. Heranba is currently loss-making from pyrethroid price compression.
Latest Results and Financial Data
On the Bharat Rasayan vs Heranba Industries results front: Bharat Rasayan has a market cap of Rs 2,282 Cr and PE of 15.66x. ROE is 11.43 percent with zero debt. Bharat Rasayan is 3.2 times larger than Heranba and in a healthy financial position.
Heranba Industries has a market cap of Rs 709 Cr and is LOSS-MAKING with EPS -19.38. The loss reflects severe price compression in the pyrethroid insecticide market from China competition.
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Stock Performance and Valuation
Investors tracking the Bharat Rasayan vs Heranba Industries comparison should verify current prices on NSE or BSE before trading. The Bharat Rasayan vs Heranba Industries stock data below reflects the latest available figures from Groww and public company filings.
Bharat Rasayan versus Heranba Industries: Bharat Rasayan (PE 15.66x, ROE 11.43%, zero debt, profitable) vs Heranba (LOSS-MAKING, ROE -10.03%). The Bharat Rasayan and Heranba comparison is heavily skewed to Bharat Rasayan on financial quality.
Bharat Rasayan vs Heranba Industries: Quick Comparison Table
The comparison table below summarises the key metrics side by side.
| Parameter | Bharat Rasayan | Heranba Industries |
|---|---|---|
| Sector | Insecticides + herbicides + fungicides: technical + formulations (Delhi) | Pyrethroid insecticides: permethrin, cypermethrin, deltamethrin (Vapi) |
| Market Cap | Rs 2,282 Cr | Rs 709 Cr |
| Profitability | Profitable (PE 15.66x, ROE 11.43%) | LOSS-MAKING (EPS -19.38, ROE -10.03%) |
| Debt to Equity | 0.00 (zero debt!) | 0.76 |
| Products | Broad: multiple insecticide + herbicide + fungicide | Focused: pyrethroid insecticide technicals |
| Customer | Domestic farmers + global export B2B | Global agrochemical companies (export-heavy) |
| Status | Profitable, stable | Loss-making, Chinese competition pressure |
Conclusion
The Bharat Rasayan vs Heranba Industries comparison above covers reach, products, results and valuation. Bharat Rasayan versus Heranba Industries covers diversified agrochemicals versus pyrethroid-focused insecticide chemicals. Bharat Rasayan is profitable with zero debt at an affordable PE. Heranba faces pyrethroid price compression from Chinese producers and is loss-making. The Bharat Rasayan and Heranba comparison is heavily asymmetric. Consult a SEBI-registered advisor before investing in any loss-making company.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What does Bharat Rasayan make?
Ans. Bharat Rasayan manufactures insecticides, herbicides and fungicides as both technical-grade (active ingredients) and ready-to-use formulations for Indian farmers and global agrochemical companies.
What does Heranba Industries make?
Ans. Heranba makes pyrethroid insecticide technicals – permethrin, cypermethrin, deltamethrin and bifenthrin – which are active ingredients used in household insecticides and crop protection products.
What are pyrethroids?
Ans. Pyrethroids are synthetic insecticides modelled on pyrethrin (from chrysanthemum flowers). They are among the most widely used insecticides globally for crop protection and household pest control.
Why is Heranba loss-making?
Ans. Heranba faces severe competition from Chinese pyrethroid manufacturers who can produce at significantly lower costs. This has compressed pyrethroid technical prices globally, making Heranba’s operations loss-making.
Which is larger, Bharat Rasayan or Heranba?
Ans. Bharat Rasayan at Rs 2,282 Cr is approximately 3.2 times larger than Heranba at Rs 709 Cr.
Is Bharat Rasayan profitable?
Ans. Yes. Bharat Rasayan has PE of 15.66x and ROE of 11.43% with zero debt – a sound financial profile.
Are these companies in Nifty 50?
Ans. Neither is in Nifty 50.
