Bhagyanagar India Ltd
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.
- Market Cap ₹ 537 Cr.
- Current Price ₹ 168
- High / Low ₹ 187 / 63.0
- Stock P/E 19.6
- Book Value ₹ 70.7
- Dividend Yield 0.00 %
- ROCE 8.28 %
- ROE 5.70 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 6.31% over last 3 years.
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -3.36%
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 234 | 279 | 299 | 310 | 513 | 569 | 562 | 787 | 1,574 | 1,847 | 1,429 | 1,626 | 1,914 | |
| 222 | 269 | 290 | 295 | 500 | 550 | 547 | 769 | 1,543 | 1,812 | 1,399 | 1,589 | 1,851 | |
| Operating Profit | 12 | 10 | 9 | 14 | 13 | 19 | 15 | 19 | 30 | 35 | 30 | 37 | 64 |
| OPM % | 5% | 3% | 3% | 5% | 2% | 3% | 3% | 2% | 2% | 2% | 2% | 2% | 3% |
| 7 | 7 | 7 | 2 | 12 | 1 | 1 | 0 | 1 | 1 | 45 | 6 | 6 | |
| Interest | 8 | 8 | 8 | 6 | 4 | 8 | 10 | 8 | 12 | 15 | 13 | 17 | 26 |
| Depreciation | 7 | 6 | 6 | 5 | 4 | 4 | 5 | 6 | 6 | 6 | 7 | 7 | 7 |
| Profit before tax | 3 | 2 | 2 | 5 | 17 | 9 | 1 | 5 | 13 | 14 | 56 | 19 | 37 |
| Tax % | 2% | -20% | -14% | -3% | 24% | 26% | 12% | 33% | 17% | 30% | 18% | 25% | |
| 3 | 3 | 3 | 5 | 13 | 6 | 1 | 3 | 11 | 10 | 46 | 14 | 27 | |
| EPS in Rs | 0.50 | 0.54 | 0.39 | 1.68 | 3.97 | 1.98 | 0.33 | 1.09 | 3.46 | 3.17 | 14.29 | 4.38 | 8.57 |
| Dividend Payout % | 61% | 56% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 24% |
| 3 Years: | 1% |
| TTM: | 26% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 67% |
| 3 Years: | 2% |
| TTM: | 157% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 38% |
| 3 Years: | 52% |
| 1 Year: | 93% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 6% |
| 3 Years: | 6% |
| Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 13 | 13 | 13 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 205 | 207 | 208 | 97 | 109 | 116 | 117 | 120 | 131 | 141 | 187 | 201 | 220 |
| 110 | 123 | 102 | 76 | 46 | 114 | 66 | 155 | 179 | 220 | 101 | 275 | 369 | |
| 10 | 8 | 13 | 14 | 5 | 6 | 14 | 21 | 35 | 56 | 39 | 38 | 95 | |
| Total Liabilities | 338 | 351 | 336 | 193 | 166 | 241 | 203 | 302 | 351 | 424 | 334 | 521 | 690 |
| 206 | 206 | 206 | 72 | 63 | 77 | 81 | 81 | 77 | 80 | 77 | 80 | 77 | |
| CWIP | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 28 | 29 | 26 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 104 | 115 | 104 | 121 | 103 | 164 | 122 | 221 | 275 | 344 | 256 | 440 | 614 | |
| Total Assets | 338 | 351 | 336 | 193 | 166 | 241 | 203 | 302 | 351 | 424 | 334 | 521 | 690 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 33 | -17 | 23 | -14 | 28 | -48 | 49 | -76 | -4 | -40 | 96 | -144 | |
| -24 | -2 | 3 | 28 | 31 | -17 | -13 | -2 | -1 | 3 | 39 | -10 | |
| -6 | 12 | -27 | -13 | -49 | 54 | -35 | 77 | 14 | 27 | -133 | 155 | |
| Net Cash Flow | 3 | -7 | -1 | 0 | 11 | -11 | 1 | -1 | 9 | -9 | 3 | 2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 53 | 42 | 38 | 43 | 25 | 24 | 31 | 41 | 23 | 24 | 25 | 33 |
| Inventory Days | 21 | 67 | 50 | 73 | 34 | 70 | 42 | 43 | 26 | 31 | ||
| Days Payable | 4 | 2 | 10 | 3 | 2 | 3 | 8 | 8 | 6 | 8 | ||
| Cash Conversion Cycle | 70 | 106 | 78 | 113 | 56 | 92 | 65 | 76 | 42 | 46 | 25 | 33 |
| Working Capital Days | 59 | 53 | 47 | 59 | 36 | 31 | 37 | 34 | 22 | 24 | 44 | 47 |
| ROCE % | 3% | 3% | 3% | 6% | 7% | 8% | 5% | 6% | 8% | 9% | 8% | 8% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
9 Jan - Company explained delayed disclosure (resignation of Shri Narender Surana) on Jan 9, 2026; corrective measures implemented.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jan - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations,2018 for the quarter ended 31st December,2025.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 1 Jan
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Closure of Trading Window
26 Dec - Trading window closed Jan 1, 2026 until 48 hours after results for quarter ended Dec 31, 2025.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
23 Dec - Received BSE/NSE 'no adverse observation' (22–23 Dec 2025) for Composite Scheme; will file with NCLT.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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Nov 2025TranscriptPPTREC
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.