Bhagyanagar India Ltd

₹ 115 -3.79%

18 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 ₹ 369 Cr.
Current Price ₹ 115
High / Low ₹ 126 / 44.6
Stock P/E 7.52
Book Value ₹ 58.8
Dividend Yield 0.00 %
ROCE 8.68 %
ROE 7.10 %
Face Value ₹ 2.00

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Pros

Company's median sales growth is 17.4% of last 10 years

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 6.10% over last 3 years.
Earnings include an other income of Rs.43.6 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

Consolidated Figures in Rs. Crores / View Standalone

	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
	227.87	295.57	326.81	347.11	377.75	521.96	414.18	338.99	430.25	663.17	346.27	339.79	334.98
	223.65	289.03	319.24	338.99	371.48	513.73	408.30	333.56	421.55	648.48	339.81	331.92	326.29
Operating Profit	4.22	6.54	7.57	8.12	6.27	8.23	5.88	5.43	8.70	14.69	6.46	7.87	8.69
OPM %	1.85%	2.21%	2.32%	2.34%	1.66%	1.58%	1.42%	1.60%	2.02%	2.22%	1.87%	2.32%	2.59%
	0.85	-0.18	0.01	0.25	0.24	0.27	0.04	0.15	0.11	0.63	42.68	0.24	0.09
Interest	2.12	2.94	2.78	2.78	2.42	3.84	3.54	2.90	3.34	5.44	3.41	3.35	3.73
Depreciation	1.35	1.59	1.38	1.38	1.38	1.57	1.43	1.43	1.48	1.58	1.48	1.48	1.52
Profit before tax	1.60	1.83	3.42	4.21	2.71	3.09	0.95	1.25	3.99	8.30	44.25	3.28	3.53
Tax %	16.88%	63.39%	33.63%	30.64%	22.14%	31.07%	35.79%	36.00%	26.57%	30.12%	14.10%	23.48%	21.81%
	1.33	0.67	2.26	2.91	2.11	2.12	0.61	0.80	2.93	5.80	38.01	2.51	2.76
EPS in Rs	0.42	0.21	0.71	0.91	0.66	0.66	0.19	0.25	0.92	1.81	11.88	0.78	0.86
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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	234	279	299	310	513	569	562	787	1,574	1,847	1,684
	169	184	222	269	290	295	500	550	547	769	1,543	1,812	1,646
Operating Profit	22	13	12	10	9	14	13	19	15	19	30	35	38
OPM %	11%	7%	5%	3%	3%	5%	2%	3%	3%	2%	2%	2%	2%
	16	6	7	7	7	2	12	1	1	0	1	1	44
Interest	31	7	8	8	8	6	4	8	10	8	12	15	16
Depreciation	6	8	7	6	6	5	4	4	5	6	6	6	6
Profit before tax	1	4	3	2	2	5	17	9	1	5	13	14	59
Tax %	53%	12%	2%	-20%	-14%	-3%	24%	26%	12%	33%	17%	30%
	0	3	3	3	3	5	13	6	1	3	11	10	49
EPS in Rs	0.07	0.52	0.50	0.54	0.39	1.68	3.97	1.98	0.33	1.09	3.46	3.17	15.33
Dividend Payout %	545%	77%	61%	56%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	25%
5 Years:	29%
3 Years:	49%
TTM:	-1%

Compounded Profit Growth
10 Years:	10%
5 Years:	13%
3 Years:	125%
TTM:	660%

Stock Price CAGR
10 Years:	21%
5 Years:	30%
3 Years:	33%
1 Year:	145%

Return on Equity
10 Years:	3%
5 Years:	5%
3 Years:	6%
Last Year:	7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	198	205	207	208	97	109	116	117	120	131	141	182
	93	86	110	123	102	76	46	114	66	155	179	220	148
	10	11	10	8	13	14	5	6	14	21	35	56	29
Total Liabilities	317	308	338	351	336	193	166	241	203	302	351	424	365
	179	176	206	206	206	72	63	77	81	81	77	80	78
CWIP	0	17	1	1	1	0	0	0	0	0	0	0	0
Investments	8	19	28	29	26	0	0	0	0	0	0	0	0
	130	96	104	115	104	121	103	164	122	221	275	344	287
Total Assets	317	308	338	351	336	193	166	241	203	302	351	424	365

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	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	11	33	-17	23	-14	28	-48	49	-76	-4	-40
	3	10	-24	-2	3	28	31	-17	-13	-2	-1	3
	-28	-21	-6	12	-27	-13	-49	54	-35	77	14	27
Net Cash Flow	6	0	3	-7	-1	0	11	-11	1	-1	9	-9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	52	53	42	38	43	25	24	31	41	23	24
Inventory Days	49	64	21	67	50	73	34	70	42	43	26	31
Days Payable	7	9	4	2	10	3	2	3	8	8	6	8
Cash Conversion Cycle	92	107	70	106	78	113	56	92	65	76	42	46
Working Capital Days	154	117	83	106	83	107	49	86	63	90	53	56
ROCE %	11%	4%	3%	3%	3%	6%	7%	8%	5%	6%	8%	9%

Shareholding Pattern

Numbers in percentages

4 Recently

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	74.01%	74.01%	73.95%	73.91%	73.91%	73.91%	73.91%	73.91%	74.66%	74.71%	74.41%	73.76%
	0.85%	0.85%	0.85%	0.85%	0.82%	0.00%	0.82%	0.82%	0.77%	0.49%	0.33%	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%	24.86%	24.92%	24.96%	24.99%	25.81%	24.98%	24.99%	24.29%	24.52%	24.97%	25.95%
No. of Shareholders	10,605	10,881	11,801	11,556	11,753	11,725	11,862	11,519	11,052	10,750	13,220	13,521

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Dec 2023
	74.99%	72.96%	73.32%	73.88%	74.01%	73.91%	74.66%	73.76%
	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%	25.95%
No. of Shareholders	10,764	12,265	11,294	10,253	10,605	11,753	11,052	13,521

* 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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