Bohra Industries Ltd. (BOHRAIND) AI Stock Analysis

• Market Cap: ₹281.22M
• 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: ₹19.00 ▲(11.37% Upside)

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

Balance-sheet improvement

Leverage has declined and equity is now strongly positive, giving durable financial flexibility. A stronger balance sheet lowers default risk, supports access to credit or capital for restructuring, and provides a buffer while management works to rebuild operating performance.

Stable asset base

A stable asset base provides tangible backing for the business and potential collateral for financing. That consistency supports medium-term rebuilding efforts, capacity investments or working-capital financing if management can restart revenue growth.

Demonstrated cash-generation (2022)

The large positive operating and free cash flow in 2022 shows the company can operate cash-generatively under certain conditions. This historical performance implies operational levers exist that could be redeployed to restore sustainable cash flows if revenue and execution improve.

Negative Factors

Persistent losses / minimal revenue

Gross profit, EBITDA, EBIT and net income have been negative across reported years and reported revenue is essentially zero recently. Chronic losses and lack of a stable revenue base undermine margin recovery, investment capacity, and long-term business viability.

Recent cash burn

Operating and free cash flow turned negative in 2023–2025 after a strong 2022, producing sustained cash burn. Continued outflows force reliance on the balance sheet, limit reinvestment and elevate refinancing risk if cash-generation does not resume.

Very small operating scale

A headcount of seven and minimal revenue signals a very small operational footprint. Limited scale hampers commercial reach, operational redundancy, and ability to achieve economies, increasing execution risk and making durable revenue recovery harder.

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	₹28.81B	22.93	―	0.09%	65.62%	176.15%
RAMAPHO	65 Neutral	₹5.67B	10.50	―	0.46%	22.68%	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
AGROPHOS	61 Neutral	₹732.71M	6.57	―	2.51%	69.30%	―
MBAPL	58 Neutral	₹37.67B	35.53	―	0.12%	65.92%	224.35%
NAGAFERT	48 Neutral	₹2.91B	-11.79	―	―	-100.00%	-101.18%
BOHRAIND	41 Neutral	₹281.22M	-8.47	―	―	―	―

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.