Bohra Industries Ltd. (BOHRAIND) AI Stock Analysis

• Market Cap: ₹259.06M
• Dividend Yield: N/A
• Average Volume (3M): 15.83K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.22
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 7
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural Inputs
• EPS (TTM): N/A
• Shares Outstanding: 14,297,152
• 10 Day Avg. Volume: 16,389
• 30 Day Avg. Volume: 15,831
• PEG Ratio: -0.35
• Price to Book (P/B): 0.99
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -118.71
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: ₹14.50 ▼(-15.01% Downside)

The score is held down primarily by weak financial performance—persistent losses, minimal revenue base, and recent cash burn—despite a healthier, low-leverage balance sheet. Technicals add further pressure with a clear downtrend and negative momentum indicators, while valuation is only slightly supportive given the negative P/E and lack of dividend data.

Positive Factors

Stronger Balance Sheet

A materially improved equity position and very low leverage provide durable financial flexibility. This reduces bankruptcy risk, supports access to credit or funding, and gives management capacity to fund restructuring or targeted investments without immediate dilutive financing, aiding multi‑month resilience.

Stable Asset Base

A stable asset base provides a tangible foundation to rebuild operating scale or securitize financing. Over 2–6 months this steadiness supports potential operational relaunch or working‑capital management, and offers collateral value that improves strategic optionality versus firms with eroding assets.

Improving Loss Trend

The narrowing of losses versus earlier years indicates structural cost reductions or operational improvements are taking hold. While not yet profitable, a persistent improvement trend over several years implies management actions are moving the company closer to breakeven, a durable precursor to future recovery.

Negative Factors

Minimal Revenue Base

Sustained near‑zero revenue undermines margin sustainability and the core business model. Without a stable, growing top line, fixed costs and asset bases cannot be leveraged to generate returns; this structural revenue shortfall makes durable profitability and cash self‑sufficiency unlikely absent business model change.

Negative Cash Generation

Repeated operating and free‑cash‑flow outflows over multiple years indicate ongoing cash burn and weak internal funding capacity. This pressures liquidity, likely forces recurring external financing, and limits ability to invest in growth or working capital — a durable constraint on operational recovery.

Negative Returns on Equity

Equity growth without positive ROE signals poor asset utilization and weak profitability conversion. Persistently negative returns mean shareholder capital is not generating value, an enduring structural issue that requires fundamental operational turnaround to restore investor returns over the medium term.

Bohra Industries Ltd. Business Overview & Revenue Model

Company Description

Bohra Industries Limited manufactures and trades in phosphate fertilizers in India. The company offers single super phosphate, granulated single super phosphate, triple super phosphate, rock phosphate, and other fertilizers. It markets its products through dealers and marketers under the MAHALAXMI brand. The company was incorporated in 1996 and is based in Udaipur, India.

How the Company Makes Money

Bohra Industries Ltd. Financial Statement Overview

Summary

Operating performance is the core weakness: profitability remains negative with minimal/near-zero revenue in recent years, and cash flow has been negative again in 2023–2025. The balance sheet is a relative positive (equity has turned strongly positive and leverage is low), but it has not translated into positive returns or sustainable cash generation.

Income Statement

Profitability is consistently weak: gross profit, EBITDA, EBIT, and net income are negative across all reported years. Reported revenue is essentially zero in recent years (and minimal in 2021), which makes margin figures uninformative and highlights the lack of a stable operating base. Losses narrowed materially versus 2020, but results remain firmly loss-making through 2025.

Balance Sheet

Leverage has improved significantly versus earlier years: stockholders’ equity moved from negative (2020–2021) to strongly positive by 2022–2025, and debt-to-equity is very low in 2023–2025 (roughly ~1–2%). Total assets are fairly stable in the ~592–626M range recently. The key weakness is ongoing negative returns on equity in 2022–2025, indicating the balance sheet strength is not translating into profitability.

Cash Flow

Cash generation is volatile and, in the most recent two years, negative: operating cash flow and free cash flow are both negative in 2024 and 2025, with 2023 also negative. The major offset is 2022, which shows a very large positive operating and free cash flow, but the swing back to outflows raises sustainability risk. With net losses persisting, cash burn in recent periods remains a concern.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	208.00
Gross Profit	-13.42M	-13.47M	-13.59M	-27.00K	-14.09M	-14.47M
EBITDA	-26.70M	-25.62M	-14.28M	-17.54M	-13.72M	-14.31M
Net Income	-33.58M	-36.83M	-25.77M	-29.39M	-26.21M	-27.48M
Balance Sheet
Total Assets	0.00	592.28M	607.31M	626.10M	640.08M	918.35M
Cash, Cash Equivalents and Short-Term Investments	307.00K	307.00K	49.00K	473.00K	2.51M	1.25M
Total Debt	0.00	10.25M	5.59M	5.25M	165.95M	956.17M
Total Liabilities	-531.38M	60.90M	38.77M	31.79M	198.14M	1.06B
Stockholders Equity	531.38M	531.38M	568.54M	594.31M	441.94M	-146.19M
Cash Flow
Free Cash Flow	0.00	-4.42M	-763.00K	-20.89M	690.88M	-11.39M
Operating Cash Flow	0.00	-4.39M	-740.00K	-20.66M	690.88M	-11.39M
Investing Cash Flow	0.00	-12.00K	-23.00K	-227.00K	12.16M	211.00K
Financing Cash Flow	0.00	4.66M	339.00K	18.85M	122.53M	1.92M

Bohra Industries Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KRISHANA	66 Neutral	₹29.37B	23.08	―	0.09%	65.62%	176.15%
RAMAPHO	65 Neutral	₹5.37B	10.23	―	0.46%	22.68%	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
AGROPHOS	61 Neutral	₹741.63M	6.59	―	2.51%	69.30%	―
MBAPL	58 Neutral	₹36.03B	34.42	―	0.12%	65.92%	224.35%
NAGAFERT	48 Neutral	₹2.94B	-11.91	―	―	-100.00%	-101.18%
BOHRAIND	41 Neutral	₹259.06M	-7.81	―	―	―	―

Bohra Industries Ltd. Corporate Events

Bohra Industries Reclassifies Promoter After Mark AB Capital Takes Control

Bohra Industries Ltd. has announced changes in its shareholding classification following the completion of an open offer by Mark AB Capital Private Limited in August 2025, after which the acquirer has been recognized as the new promoter of the company. As part of this process, existing promoter Krishna Agarwal, holding 4.73% of the fully diluted voting share capital, has been reclassified from the promoter/promoter group category to the public category, with confirmations that he holds under 10% voting rights, has no control, special rights, or board/management role, and that the company remains compliant with minimum public shareholding norms, has no trading suspension, and has no outstanding regulatory dues, underscoring a clean regulatory profile amid the promoter change.