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 ₹ 593 Cr.
- Current Price ₹ 185
- High / Low ₹ 194 / 65.0
- Stock P/E 196
- Book Value ₹ 55.5
- Dividend Yield 0.00 %
- ROCE 0.51 %
- ROE 0.30 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 3.33 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -5.44%
- 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.6.30 Cr.
- Debtor days have increased from 29.9 to 62.0 days.
- 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 5.95 | |
| 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 | 5.51 | |
| 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 | 0.44 |
| 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% | 7.39% |
| 8.10 | 9.60 | 8.67 | 3.61 | 11.53 | 0.96 | 2.47 | 2.58 | 2.66 | 1.71 | 47.04 | 3.91 | 6.30 | |
| 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 | 0.35 |
| 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 | 2.35 |
| 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 | 4.04 |
| 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 | 3.03 | |
| 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 | 0.94 |
| 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: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -13% |
| 5 Years: | -11% |
| 3 Years: | -50% |
| TTM: | 441% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 30% |
| 3 Years: | 57% |
| 1 Year: | 166% |
| 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 |
| Free Cash Flow | 23.55 | -24.64 | 18.09 | -17.20 | 34.75 | -43.69 | 59.37 | -45.16 | -14.48 | -18.99 | 229.58 | 7.07 |
| CFO/OP | 328% | -387% | 334% | -144% | 248% | -209% | 645% | -472% | -79% | -76% | 2,248% | 619% |
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% |
Insights
In beta| Mar 1988 | Mar 2015 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Installed Production Capacity Metric Tons Per Annum |
|
||||||||
| Sales Volume Metric Tons |
|||||||||
| EBITDA per KG Rupees |
|||||||||
| Real Estate Land Parcel Size Acres |
|||||||||
| Value Added Products Share in Revenue Percentage |
|||||||||
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
10 Apr - NCLT admitted composite scheme between BCPL, Bhagyanagar India and Tieramet; hearing scheduled on 9 June 2026.
-
Clarification On Spurt In Volume
10 Apr - Company said recent volume and price spike was market-driven, with no undisclosed material event.
-
Clarification sought from Bhagyanagar India Ltd
10 Apr - Exchange has sought clarification from Bhagyanagar India Ltd on April 10, 2026, with reference to Movement in Volume.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
3 Apr - Submitted Regulation 74(5) certificates for quarter ended 31 March 2026.
-
Board Meeting Outcome for Board Meeting Outcome Pursuant To Regulation 30
30 Mar - Appointed Sanjay Singh Rathore as Company Secretary and Compliance Officer effective 30 March 2026; ACS66136; contact details provided.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
Concalls
-
Feb 2026Transcript PPT
-
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.