Bhadora Industries Ltd
Incorporated in April 1986, Bhadora Industries Limited manufactures industrial cables for electricity transmission and distribution.[1]
- Market Cap ₹ 288 Cr.
- Current Price ₹ 155
- High / Low ₹ 161 / 49.5
- Stock P/E 29.9
- Book Value ₹ 44.0
- Dividend Yield 0.00 %
- ROCE 23.7 %
- ROE 18.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.2%
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 72.3 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 | 94 | 109 | |
| Operating Profit | 1 | 1 | 7 | 16 | 16 |
| OPM % | 4.3% | 6% | 9% | 15% | 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% | 27% | 31% |
| -0 | 0 | 5 | 10 | 10 | |
| EPS in Rs | -0.36 | 1.09 | 30.06 | 7.70 | 5.19 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 89% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 277% |
| TTM: | -5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 67% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 33% |
| 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 | 6 | |
| CWIP | 0 | 0 | 0 | 0 | 20 |
| 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 | 4 | -27 | |
| -1 | 1 | -0 | -8 | -23 | |
| 0 | -2 | -2 | 7 | 47 | |
| Net Cash Flow | 0 | -0 | 0 | 2 | -2 |
| Free Cash Flow | 1 | 1 | 2 | -4 | -45 |
| CFO/OP | 221% | 112% | 64% | 33% | -130% |
Ratios
| 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 | 35 | 150 |
| ROCE % | 8% | 50% | 55% | 24% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Installed Capacity - LT Cables Kms per annum |
|
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| Capacity Utilization - LT Cables % |
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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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| Order Book INR Lakhs |
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Extracted by Screener AI
Documents
Announcements
-
Shareholders meeting
- 13th AGM voting results: all resolutions passed on 30 Sep 2026.
-
Shareholders meeting
- Bhadora Industries held its 13th AGM on 30 September 2026; three ordinary resolutions were tabled.
-
Trading Window
- Trading window closed from 1 October 2026 until 48 hours after half-year results.
-
Analysts/Institutional Investor Meet/Con. Call Updates
- Management will attend Arihant Bharat Connect Conference Rising Star on September 30, 2026, virtually.
-
Record Date
- 13th AGM on September 30, 2026; record date September 23 and book closure September 24-30.
Concalls
-
Jun 2026Transcript
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.