Bhagyanagar India Ltd

₹ 117 -0.38%

25 Apr - close price

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 ₹ 373 Cr.
Current Price ₹ 117
High / Low ₹ 126 / 47.0
Stock P/E 8.77
Book Value ₹ 54.2
Dividend Yield 0.00 %
ROCE 6.96 %
ROE 4.62 %
Face Value ₹ 2.00

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Pros

Company has reduced debt.
Company's working capital requirements have reduced from 65.3 days to 47.4 days

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding has decreased over last quarter: -1.42%
Company has a low return on equity of 2.92% over last 3 years.
Earnings include an other income of Rs.45.4 Cr.

* 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: Mining & Mineral products Industry: Mining / Minerals / Metals

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	167.36	175.78	194.87	238.25	279.81	377.80	314.23	225.53	293.94	553.31	273.23	237.19	214.75
	164.25	173.34	191.43	234.00	277.64	373.09	310.79	222.60	288.73	546.21	270.85	234.46	210.28
Operating Profit	3.11	2.44	3.44	4.25	2.17	4.71	3.44	2.93	5.21	7.10	2.38	2.73	4.47
OPM %	1.86%	1.39%	1.77%	1.78%	0.78%	1.25%	1.09%	1.30%	1.77%	1.28%	0.87%	1.15%	2.08%
	0.59	0.88	0.76	0.63	0.97	0.30	0.34	0.38	0.26	0.73	43.45	1.09	0.09
Interest	1.61	2.04	1.75	1.57	1.28	2.25	2.19	1.43	1.75	3.33	1.83	1.45	1.86
Depreciation	0.91	0.93	0.92	0.92	0.92	0.93	0.92	0.92	0.92	0.86	0.90	0.90	0.95
Profit before tax	1.18	0.35	1.53	2.39	0.94	1.83	0.67	0.96	2.80	3.64	43.10	1.47	1.75
Tax %	16.95%	342.86%	45.10%	40.59%	50.00%	10.38%	43.28%	41.67%	30.71%	11.26%	13.57%	10.88%	57.14%
	0.98	-0.86	0.85	1.41	0.47	1.64	0.38	0.56	1.93	3.23	37.24	1.30	0.75
EPS in Rs	0.31	-0.27	0.27	0.44	0.15	0.51	0.12	0.18	0.60	1.01	11.64	0.41	0.23
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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
	191	197	226	262	296	293	447	569	504	506	1,091	1,387	1,278
	169	184	216	256	289	282	434	550	495	496	1,076	1,368	1,262
Operating Profit	22	13	9	6	6	11	13	19	9	9	15	19	17
OPM %	11%	7%	4%	2%	2%	4%	3%	3%	2%	2%	1%	1%	1%
	16	6	8	10	9	4	12	1	2	3	3	2	45
Interest	31	7	8	8	8	6	4	8	7	6	7	9	8
Depreciation	6	8	7	5	5	3	4	4	4	4	4	4	4
Profit before tax	1	5	3	2	2	5	17	9	1	3	7	8	50
Tax %	49%	10%	12%	15%	19%	6%	23%	26%	11%	62%	35%	24%
	1	4	3	2	2	5	13	6	1	1	4	6	43
EPS in Rs	0.09	0.65	0.41	0.32	0.32	1.52	4.02	2.03	0.34	0.30	1.37	1.91	13.29
Dividend Payout %	465%	62%	73%	94%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	22%
5 Years:	25%
3 Years:	40%
TTM:	6%

Compounded Profit Growth
10 Years:	2%
5 Years:	1%
3 Years:	86%
TTM:	843%

Stock Price CAGR
10 Years:	22%
5 Years:	31%
3 Years:	32%
1 Year:	133%

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

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	13	13	13	13	13	6	6	6	6	6	6	6	6
Reserves	201	199	195	196	199	96	109	116	117	118	122	128	167
	88	81	105	117	96	74	46	104	38	102	101	117	61
	9	10	9	6	10	12	5	5	12	12	25	45	25
Total Liabilities	311	303	322	332	318	189	166	231	173	238	255	297	259
	85	68	83	79	78	49	49	47	45	42	38	36	35
CWIP	0	17	1	1	0	0	0	0	0	0	0	0	0
Investments	16	27	27	27	26	1	15	20	20	20	20	20	20
	211	191	211	225	214	138	103	164	109	176	196	240	204
Total Assets	311	303	322	332	318	189	166	231	173	238	255	297	259

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	31	12	29	-23	20	-16	29	-42	60	-45	-15	-17
	3	9	-20	5	7	28	18	-15	-4	-14	21	9
	-28	-21	-6	12	-28	-11	-36	46	-55	57	-7	8
Net Cash Flow	6	0	3	-7	-1	0	11	-11	1	-1	-0	0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	50	49	52	42	36	41	28	24	30	41	25	27
Inventory Days	49	64	22	70	50	73	34	69	35	55	29	25
Days Payable	7	9	4	1	9	2	2	3	7	6	8	8
Cash Conversion Cycle	92	103	70	111	77	112	60	90	58	90	46	44
Working Capital Days	147	108	80	111	82	109	56	82	56	95	53	47
ROCE %	11%	4%	4%	3%	3%	6%	7%	8%	4%	4%	6%	7%

Shareholding Pattern

Numbers in percentages

4 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	74.01%	73.95%	73.91%	73.91%	73.91%	73.91%	73.91%	74.66%	74.71%	74.41%	73.76%	72.33%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.21%
	0.85%	0.85%	0.85%	0.82%	0.00%	0.82%	0.82%	0.77%	0.49%	0.33%	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%
	24.86%	24.92%	24.96%	24.99%	25.81%	24.98%	24.99%	24.29%	24.52%	24.97%	25.95%	27.17%
No. of Shareholders	10,881	11,801	11,556	11,753	11,725	11,862	11,519	11,052	10,750	13,220	13,521	15,003

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	74.99%	72.96%	73.32%	73.88%	74.01%	73.91%	74.66%	72.33%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.21%
	2.35%	0.85%	0.85%	0.86%	0.85%	0.82%	0.77%	0.00%
	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%
No. of Shareholders	10,764	12,265	11,294	10,253	10,605	11,753	11,052	15,003

* 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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