Bhagyanagar India Ltd

₹ 162 4.99%

17 Nov 4:01 p.m.

bhagyanagarindia.com BSE: 512296 NSE: BHAGYANGR

About

Incorporated in 1985, Bhagyanagar India Ltd. is engaged in manufacturing of copper and other copper products and alloys. The company is also in the business of wind power generation.

Key Points

Business Overview:^[1]
Company deals in Copper products and has been a partner to its clients who are primarily Original Equipment Manufacturer (OEM). Company has diversified into Telecom products, Solar products and Real Estate and has forayed into the non conventional energy sector with a wind power project.

Website BSE NSE

Market Cap ₹ 516 Cr.
Current Price ₹ 162
High / Low ₹ 168 / 63.0
Stock P/E 167
Book Value ₹ 55.5
Dividend Yield 0.00 %
ROCE 0.51 %
ROE 0.30 %
Face Value ₹ 2.00

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Pros

Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 2.92 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of -59.9% over past five years.
Company has a low return on equity of 2.16% over last 3 years.
Earnings include an other income of Rs.6.65 Cr.
Debtor days have increased from 29.9 to 62.0 days.
Promoter holding has decreased over last 3 years: -3.36%
Working capital days have increased from 95.1 days to 262 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

Commodities Metals & Mining Non - Ferrous Metals Copper

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	225.53	293.94	553.31	272.93	237.19	214.38	0.52	1.41	2.73	0.39	0.75	1.85	2.45
	222.60	288.73	546.21	270.85	234.46	210.28	0.78	1.20	2.04	0.60	0.69	3.23	0.84
Operating Profit	2.93	5.21	7.10	2.08	2.73	4.10	-0.26	0.21	0.69	-0.21	0.06	-1.38	1.61
OPM %	1.30%	1.77%	1.28%	0.76%	1.15%	1.91%	-50.00%	14.89%	25.27%	-53.85%	8.00%	-74.59%	65.71%
	0.38	0.26	0.73	43.75	1.09	0.46	1.41	0.59	0.59	1.04	1.69	3.13	0.79
Interest	1.43	1.75	3.33	1.83	1.45	1.86	0.22	0.07	0.03	0.06	0.05	0.11	0.10
Depreciation	0.92	0.92	0.86	0.90	0.90	0.95	0.66	0.58	0.58	0.58	0.60	0.58	0.58
Profit before tax	0.96	2.80	3.64	43.10	1.47	1.75	0.27	0.15	0.67	0.19	1.10	1.06	1.72
Tax %	41.67%	30.71%	11.26%	13.57%	10.88%	57.14%	81.48%	86.67%	40.30%	47.37%	14.55%	20.75%	28.49%
	0.56	1.93	3.23	37.24	1.30	0.75	0.04	0.02	0.40	0.10	0.94	0.83	1.23
EPS in Rs	0.18	0.60	1.01	11.64	0.41	0.23	0.01	0.01	0.13	0.03	0.29	0.26	0.38
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	225.71	261.87	295.59	292.77	446.87	569.24	504.15	505.62	1,090.73	1,387.01	724.70	5.24	5.44
	216.25	255.78	289.10	281.84	434.18	550.09	494.72	496.28	1,076.15	1,368.33	716.39	4.51	5.36
Operating Profit	9.46	6.09	6.49	10.93	12.69	19.15	9.43	9.34	14.58	18.68	8.31	0.73	0.08
OPM %	4.19%	2.33%	2.20%	3.73%	2.84%	3.36%	1.87%	1.85%	1.34%	1.35%	1.15%	13.93%	1.47%
	8.10	9.60	8.67	3.61	11.53	0.96	2.47	2.58	2.66	1.71	47.04	3.91	6.65
Interest	7.76	8.33	7.62	5.97	3.82	7.62	7.02	5.70	6.86	8.71	5.36	0.20	0.32
Depreciation	6.80	4.97	5.06	3.44	3.61	3.74	3.65	3.67	3.68	3.62	3.42	2.34	2.34
Profit before tax	3.00	2.39	2.48	5.13	16.79	8.75	1.23	2.55	6.70	8.06	46.57	2.10	4.07
Tax %	12.00%	14.64%	18.55%	5.65%	23.35%	25.71%	11.38%	61.57%	34.93%	24.44%	15.55%	30.95%
	2.63	2.05	2.02	4.85	12.86	6.50	1.10	0.97	4.37	6.10	39.34	1.46	3.10
EPS in Rs	0.41	0.32	0.32	1.52	4.02	2.03	0.34	0.30	1.37	1.91	12.30	0.46	0.96
Dividend Payout %	73.00%	93.66%	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:	-32%
5 Years:	-60%
3 Years:	-83%
TTM:	-98%

Compounded Profit Growth
10 Years:	-13%
5 Years:	-11%
3 Years:	-50%
TTM:	156%

Stock Price CAGR
10 Years:	23%
5 Years:	54%
3 Years:	53%
1 Year:	65%

Return on Equity
10 Years:	3%
5 Years:	2%
3 Years:	2%
Last Year:	0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	12.80	12.80	12.80	6.40	6.40	6.40	6.40	6.40	6.40	6.40	6.40	6.40	6.40
Reserves	195.42	195.95	199.28	96.45	109.32	115.82	116.92	117.89	122.26	128.36	167.70	169.16	171.22
	104.90	117.21	95.67	73.74	45.64	103.58	38.36	101.61	100.82	117.10	6.96	0.77	5.23
	8.87	6.31	10.22	12.02	4.93	5.09	11.75	11.84	25.03	44.73	0.30	1.23	4.98
Total Liabilities	321.99	332.27	317.97	188.61	166.29	230.89	173.43	237.74	254.51	296.59	181.36	177.56	187.83
	83.03	79.22	78.14	49.46	49.02	47.23	44.72	41.68	38.12	35.96	25.24	22.71	21.34
CWIP	0.71	0.92	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.14	0.00	0.00	0.00
Investments	27.39	27.08	26.11	1.40	14.72	20.02	20.02	20.02	20.02	20.02	36.46	36.56	36.55
	210.86	225.05	213.72	137.75	102.55	163.64	108.69	176.04	196.37	240.47	119.66	118.29	129.94
Total Assets	321.99	332.27	317.97	188.61	166.29	230.89	173.43	237.74	254.51	296.59	181.36	177.56	187.83

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	29.17	-23.07	20.37	-16.39	28.66	-41.93	60.29	-44.52	-14.87	-17.40	179.52	5.48
	-20.24	4.59	6.78	28.08	17.52	-14.77	-4.11	-13.75	21.26	9.31	-63.71	2.51
	-6.38	11.94	-27.90	-11.39	-35.65	46.01	-55.43	57.32	-6.61	8.10	-114.79	-9.05
Net Cash Flow	2.55	-6.54	-0.75	0.30	10.53	-10.70	0.75	-0.95	-0.23	0.01	1.03	-1.05

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	51.97	41.94	36.22	41.24	28.25	24.25	30.29	41.23	24.59	27.12	0.65	61.99
Inventory Days	22.09	70.39	49.81	73.38	33.57	68.78	34.55	55.38			0.00
Days Payable	4.39	1.30	9.46	2.30	2.03	2.57	6.52	6.34
Cash Conversion Cycle	69.67	111.03	76.57	112.32	59.79	90.46	58.32	90.28	24.59	27.12	0.65	61.99
Working Capital Days	54.56	54.15	45.73	59.28	41.08	26.60	28.64	25.51	26.45	24.48	-1.13	261.91
ROCE %	3.50%	3.35%	3.04%	5.70%	6.73%	8.33%	4.14%	4.26%	5.77%	6.96%	4.30%	0.51%

Shareholding Pattern

Numbers in percentages

8 Recently

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	73.91%	74.66%	74.71%	74.41%	73.76%	72.33%	71.65%	70.62%	70.53%	70.54%	70.44%	70.57%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.21%	0.15%	0.00%	0.15%	0.00%	0.00%	0.00%
	0.82%	0.77%	0.49%	0.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%
	24.99%	24.29%	24.52%	24.97%	25.95%	27.17%	27.92%	29.10%	29.05%	29.19%	29.26%	29.17%
No. of Shareholders	11,519	11,052	10,750	13,220	13,521	15,003	18,238	22,353	23,650	23,746	23,996	23,706

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
	74.99%	72.96%	73.32%	73.88%	74.01%	73.91%	74.66%	72.33%	70.54%	70.57%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.21%	0.00%	0.00%
	2.35%	0.85%	0.85%	0.86%	0.85%	0.82%	0.77%	0.00%	0.00%	0.00%
	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%
	22.38%	25.91%	25.55%	24.98%	24.86%	24.99%	24.29%	27.17%	29.19%	29.17%
No. of Shareholders	10,764	12,265	11,294	10,253	10,605	11,753	11,052	15,003	23,746	23,706

* 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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Bhagyanagar India Ltd

Bhagyanagar India Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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