Bhagiradha Chemicals & Industries Ltd closed 9% lower on 3 November after an early high of Rs 209.03 Q2 profit also slipped slightly.

The agrochemicals maker said its consolidated profit for the September quarter was Rs 5.40 crore, against Rs 5.50 crore a year earlier.

Consolidated means the figure covers the parent company and its subsidiaries together. That is a dip of about 1.8%, or Rs 0.10 crore.

The drop is steeper against the June quarter, when consolidated profit was Rs 13.33 crore. Q2 is about 59% lower than that.

The board met on 3 November to approve the results, and the outcome reached NSE at 2:56 pm.

The stock had already been sliding for most of the day, and it touched a low of Rs 181.60, which is 10.32% below the previous close.

In August, India Ratings gave an ‘IND BBB+/Stable’ rating to Rs 600 crore of bank loans at Bheema Fine Chemicals Private Limited, a wholly owned subsidiary, and such a rating gauges how likely a borrower is to repay on time.

A ‘stable’ tag means the agency does not expect that to change soon.

The company also set a dividend of Re 0.15 a share, for shareholders on its books on 23 July.

Promoters held 19.60% of the company at the end of September, and the public held the other 80.40%.

Shares opened at Rs 202.90, just above the previous close of Rs 202.49, and climbed early on to the day’s high, a gain of 3.23%.

The shares slid from there. About 9.07 lakh shares changed hands, worth Rs 17.89 crore.

The stock ended at Rs 187.19 on NSE, down Rs 15.30 or 7.56%. Over the past month it has lost 21.24%, and it is down 9.73% so far in 2026 and 24.96% over the past year.

At that price, it’s about 41% below its 52-week high of Rs 316.90, set on 3 August, though 9.7% above the 52-week low of Rs 170.60.

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