Bhagawati Oxygen Ltd

₹ 45.2 -6.31%

16 Apr 3:40 p.m.

About

Established in 1972, Bhagawati Oxygen Ltd. is engaged in manufacturing and selling of oxygen gas, trading of Sulfur Hexafluoride (SF6) and running a windmill.

Key Points

Business Overview:^[1]
Company's core focus is on industrial gas manufacturing, technology, system and equipment. Company manufactures, procures, controls quality and conducts on-site works and commissioning of Cryogenic and VPSA Air Separation Plants and Systems of various types. Apart from this, company has ventured in the area of renewable energy and has installed wind farm in South India.

Website BSE

Market Cap ₹ 10.4 Cr.
Current Price ₹ 45.2
High / Low ₹ 69.0 / 34.2
Stock P/E 7.13
Book Value ₹ 29.3
Dividend Yield 0.00 %
ROCE -21.5 %
ROE -59.1 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.

Cons

The company has delivered a poor sales growth of -39.6% over past five years.
Company has a low return on equity of -37.9% over last 3 years.
Contingent liabilities of Rs.8.33 Cr.
Earnings include an other income of Rs.6.95 Cr.
Company has high debtors of 1,685 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	0.06	0.01	0.14	0.65	0.15	0.13	0.19	0.29	0.13	0.08	0.31	0.23	0.03
	0.54	0.46	0.33	0.63	0.50	0.74	0.40	0.44	0.42	0.68	0.79	2.22	0.59
Operating Profit	-0.48	-0.45	-0.19	0.02	-0.35	-0.61	-0.21	-0.15	-0.29	-0.60	-0.48	-1.99	-0.56
OPM %	-800.00%	-4,500.00%	-135.71%	3.08%	-233.33%	-469.23%	-110.53%	-51.72%	-223.08%	-750.00%	-154.84%	-865.22%	-1,866.67%
	0.13	0.10	0.13	0.09	0.15	0.23	0.07	0.42	0.06	0.48	0.00	6.43	0.04
Interest	0.13	0.13	0.17	0.17	0.22	0.14	0.18	0.19	0.19	0.17	0.16	0.15	0.07
Depreciation	0.46	0.46	0.45	0.45	0.45	0.45	0.42	0.42	0.41	0.41	0.41	0.11	0.02
Profit before tax	-0.94	-0.94	-0.68	-0.51	-0.87	-0.97	-0.74	-0.34	-0.83	-0.70	-1.05	4.18	-0.61
Tax %	4.26%	4.26%	7.35%	9.80%	5.75%	5.15%	6.76%	14.71%	6.02%	7.14%	4.76%	13.40%	13.11%
	-0.90	-0.91	-0.63	-0.46	-0.82	-0.92	-0.69	-0.29	-0.78	-0.66	-0.99	3.63	-0.52
EPS in Rs	-3.89	-3.93	-2.72	-1.99	-3.55	-3.98	-2.98	-1.25	-3.37	-2.85	-4.28	15.69	-2.25
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Profit & Loss

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	15.35	12.76	12.30	11.70	10.22	10.01	8.46	7.65	3.00	0.40	1.07	0.68	0.65
	13.93	11.40	11.90	10.84	9.54	8.62	6.52	6.59	3.63	1.71	2.17	1.92	4.28
Operating Profit	1.42	1.36	0.40	0.86	0.68	1.39	1.94	1.06	-0.63	-1.31	-1.10	-1.24	-3.63
OPM %	9.25%	10.66%	3.25%	7.35%	6.65%	13.89%	22.93%	13.86%	-21.00%	-327.50%	-102.80%	-182.35%	-558.46%
	0.32	0.63	0.58	0.72	0.48	0.75	1.24	0.64	2.93	0.47	0.60	1.02	6.95
Interest	0.21	0.13	0.01	0.04	0.03	0.21	0.76	0.84	0.61	0.57	0.71	0.73	0.55
Depreciation	0.58	0.50	0.42	0.23	0.23	0.42	1.86	1.86	1.85	1.84	1.79	1.66	0.95
Profit before tax	0.95	1.36	0.55	1.31	0.90	1.51	0.56	-1.00	-0.16	-3.25	-3.00	-2.61	1.82
Tax %	24.21%	18.38%	9.09%	22.90%	24.44%	32.45%	26.79%	4.00%	62.50%	4.62%	6.00%	7.28%
	0.72	1.10	0.50	1.02	0.67	1.02	0.41	-0.96	-0.06	-3.10	-2.82	-2.42	1.46
EPS in Rs	3.11	4.76	2.16	4.41	2.90	4.41	1.77	-4.15	-0.26	-13.40	-12.19	-10.46	6.31
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-25%
5 Years:	-40%
3 Years:	-39%
TTM:	-12%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	154%

Stock Price CAGR
10 Years:	9%
5 Years:	28%
3 Years:	41%
1 Year:	-5%

Return on Equity
10 Years:	-6%
5 Years:	-21%
3 Years:	-38%
Last Year:	-59%

Balance Sheet

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	2.31	2.31	2.31	2.31	2.31	2.31	2.31	2.31	2.31	2.31	2.31	2.31	2.31
Reserves	6.16	7.26	7.76	8.78	9.45	10.40	10.79	9.78	10.13	6.90	4.34	1.87	4.46
	0.67	0.16	0.00	0.33	0.75	13.46	12.62	8.91	5.93	6.77	7.50	6.41	5.39
	3.28	3.47	3.23	3.27	2.71	3.59	1.97	1.61	1.53	1.77	1.57	2.89	1.31
Total Liabilities	12.42	13.20	13.30	14.69	15.22	29.76	27.69	22.61	19.90	17.75	15.72	13.48	13.47
	3.25	2.75	2.33	2.12	2.13	16.24	14.39	12.53	10.68	8.84	7.05	5.26	1.75
CWIP	0.00	0.00	0.00	0.00	0.35	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.99	2.01	2.38	2.44	2.23	2.38	2.01	1.99	1.93	2.16	1.97	0.73	0.71
	8.18	8.44	8.59	10.13	10.51	11.14	11.29	8.09	7.29	6.75	6.70	7.49	11.01
Total Assets	12.42	13.20	13.30	14.69	15.22	29.76	27.69	22.61	19.90	17.75	15.72	13.48	13.47

Cash Flows

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-0.56	2.05	1.35	-0.30	-0.18	1.39	0.67	4.13	3.19	-0.72	-0.42	0.31
	0.10	-0.83	-0.09	0.41	0.09	-13.97	0.86	0.42	0.35	0.07	0.60	2.25
	-0.66	-0.68	-0.18	0.15	0.15	12.62	-1.53	-4.54	-3.60	0.65	-0.17	-1.94
Net Cash Flow	-1.12	0.54	1.08	0.26	0.06	0.04	-0.01	0.02	-0.06	0.00	0.01	0.61

Ratios

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	58.02	72.66	72.70	111.37	101.43	127.26	83.70	61.07	369.87	2,253.88	975.61	1,685.44
Inventory Days	27.23	56.84	12.56	60.11	24.29	11.34	52.98	43.91	108.15	365.00	15.21	29.20
Days Payable	37.86	50.43	46.04	100.51	97.18	133.24	329.68	85.08	446.11	3,650.00	441.04	832.20
Cash Conversion Cycle	47.39	79.07	39.22	70.98	28.55	5.35	-192.99	19.91	31.90	-1,031.12	549.77	882.44
Working Capital Days	75.62	72.66	46.00	80.80	120.36	108.66	33.22	2.39	397.85	2,609.75	1,043.83	821.25
ROCE %	12.82%	16.64%	5.66%	12.56%	7.27%	8.22%	4.74%	-0.73%	2.24%	-15.60%	-15.53%	-21.50%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	43.30%	43.30%	43.30%	43.30%	43.30%	43.30%	43.30%	43.30%	43.30%	43.30%	43.30%	43.30%
	12.99%	12.99%	12.99%	12.99%	12.99%	12.99%	12.99%	12.99%	12.99%	12.99%	12.99%	12.99%
	43.72%	43.72%	43.72%	43.72%	43.72%	43.73%	43.71%	43.72%	43.72%	43.72%	43.72%	43.72%
No. of Shareholders	5,921	6,256	6,486	6,717	6,700	6,652	6,692	6,612	6,607	6,615	6,721	6,715

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	43.30%	43.30%	43.30%	43.30%	43.30%	43.30%	43.30%	43.30%
	12.99%	12.99%	12.99%	12.99%	12.99%	12.99%	12.99%	12.99%
	43.72%	43.72%	43.72%	43.72%	43.72%	43.72%	43.72%	43.72%
No. of Shareholders	5,615	5,591	5,566	5,516	5,580	6,717	6,612	6,715

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Bhagawati Oxygen Ltd

Bhagawati Oxygen Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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