Bhadora Industries Ltd
Incorporated in April 1986, Bhadora Industries Limited manufactures industrial cables for electricity transmission and distribution.[1]
- Market Cap ₹ 172 Cr.
- Current Price ₹ 92.2
- High / Low ₹ 129 / 49.5
- Stock P/E 17.3
- Book Value ₹ 44.1
- Dividend Yield 0.00 %
- ROCE 23.6 %
- ROE 19.3 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.4%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 155 days.
- Working capital days have increased from 72.7 days to 150 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
Industrials Capital Goods Industrial Products Cables - Electricals
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 15 | 18 | 81 | 110 | 125 | |
| 14 | 17 | 74 | 93 | 109 | |
| Operating Profit | 1 | 1 | 7 | 17 | 16 |
| OPM % | 4% | 6% | 9% | 16% | 13% |
| 1 | 0 | 2 | 1 | 1 | |
| Interest | 1 | 1 | 2 | 3 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0 | 0 | 7 | 14 | 14 |
| Tax % | 75% | 17% | 26% | 26% | 28% |
| -0 | 0 | 5 | 11 | 10 | |
| EPS in Rs | -0.36 | 1.09 | 30.06 | 8.17 | 5.35 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 89% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 281% |
| TTM: | -8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 34% |
| Last Year: | 19% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 13 | 19 |
| Reserves | 3 | 4 | 8 | 8 | 63 |
| 11 | 10 | 9 | 20 | 18 | |
| 1 | 5 | 6 | 8 | 16 | |
| Total Liabilities | 17 | 20 | 26 | 49 | 115 |
| 2 | 2 | 2 | 9 | 5 | |
| CWIP | 0 | 0 | 0 | 0 | 21 |
| Investments | 1 | 0 | 0 | 0 | 0 |
| 15 | 18 | 24 | 40 | 89 | |
| Total Assets | 17 | 20 | 26 | 49 | 115 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 1 | 1 | 3 | 2 | -27 | |
| -1 | 1 | -0 | -7 | -23 | |
| 0 | -2 | -2 | 7 | 47 | |
| Net Cash Flow | 0 | -0 | 0 | 2 | -2 |
| Free Cash Flow | 1 | 1 | 2 | -5 | -45 |
| CFO/OP | 221% | 112% | 64% | 35% | -130% |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 60 | 91 | 55 | 72 | 155 |
| Inventory Days | 294 | 227 | 45 | 43 | 53 |
| Days Payable | 15 | 100 | 26 | 18 | 43 |
| Cash Conversion Cycle | 339 | 218 | 75 | 97 | 164 |
| Working Capital Days | 86 | 89 | 33 | 36 | 150 |
| ROCE % | 8% | 50% | 57% | 24% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Jun 2026 | |
|---|---|---|---|---|
| Capacity Utilization - LT Cables % |
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| Installed Capacity - LT Cables Kms per annum |
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| Number of Customers count |
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| Production Volume - LT Cables Kms |
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| Revenue Mix - LT Aerial Bunched Cables % of total revenue |
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| Government Customer Revenue Share % of revenue |
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| Number of Approvals / Vendor Approvals count |
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| Order Book INR Lakhs |
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Extracted by Screener AI
Documents
Announcements
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 July 2026 - Filed Regulation 74(5) certificate for quarter ended 30 June 2026.
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Outcome of Board Meeting
7 July 2026 - Board approved availing, extending or renewing credit facility and working capital loan on 7 July 2026.
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Updates
6 July 2026 - Q1 FY27 net sales rose 226% YoY to ₹45.32 crore from ₹13.92 crore.
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Updates
4 July 2026 - Q1 FY27 net sales rose 226% YoY to ₹45.32 crore from ₹13.92 crore.
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Trading Window
30 June 2026 - Bhadora Industries says trading window closure is not applicable for quarter ended 30 June 2026.
Concalls
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Jun 2026TranscriptPPT
Business Profile[1]
Bhadora Industries Limited manufactures of low-voltage (LV) power cables, catering to the infrastructure, EPC, and government electricity distribution sectors. The company has evolved from manufacturing PVC cables to producing a broader range of insulated cables like XLPE and Aerial Bunched (AB) cables.