Bhagyanagar India Ltd

₹ 79.2 1.15%

21 Feb - 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 ₹ 253 Cr.
Current Price ₹ 79.2
High / Low ₹ 129 / 71.2
Stock P/E 452
Book Value ₹ 54.6
Dividend Yield 0.00 %
ROCE 4.30 %
ROE 2.16 %
Face Value ₹ 2.00

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Pros

Company has reduced debt.
Company is almost debt free.

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of 4.99% over past five years.
Company has a low return on equity of 3.28% over last 3 years.
Contingent liabilities of Rs.152 Cr.
Earnings include an other income of Rs.3.07 Cr.
Company's cost of borrowing seems high
Promoter holding has decreased over last 3 years: -3.38%

* 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: Power Generation & Distribution Industry: Power Generation And Supply

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	279.81	377.80	314.23	225.53	293.94	553.31	272.93	237.19	214.38	1.08	1.41	2.73	0.39
	277.64	373.09	310.79	222.60	288.73	546.21	270.85	234.46	210.28	0.78	1.20	2.04	0.60
Operating Profit	2.17	4.71	3.44	2.93	5.21	7.10	2.08	2.73	4.10	0.30	0.21	0.69	-0.21
OPM %	0.78%	1.25%	1.09%	1.30%	1.77%	1.28%	0.76%	1.15%	1.91%	27.78%	14.89%	25.27%	-53.85%
	0.97	0.30	0.34	0.38	0.26	0.73	43.75	1.09	0.46	0.85	0.59	0.59	1.04
Interest	1.28	2.25	2.19	1.43	1.75	3.33	1.83	1.45	1.86	0.22	0.07	0.03	0.06
Depreciation	0.92	0.93	0.92	0.92	0.92	0.86	0.90	0.90	0.95	0.66	0.58	0.58	0.58
Profit before tax	0.94	1.83	0.67	0.96	2.80	3.64	43.10	1.47	1.75	0.27	0.15	0.67	0.19
Tax %	50.00%	10.38%	43.28%	41.67%	30.71%	11.26%	13.57%	10.88%	57.14%	81.48%	86.67%	40.30%	47.37%
	0.47	1.64	0.38	0.56	1.93	3.23	37.24	1.30	0.75	0.04	0.02	0.40	0.10
EPS in Rs	0.15	0.51	0.12	0.18	0.60	1.01	11.64	0.41	0.23	0.01	0.01	0.13	0.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	197.23	225.71	261.87	295.59	292.77	446.87	569.24	504.15	505.62	1,090.73	1,387.01	726.26	5.61
	184.27	216.25	255.78	289.10	281.84	434.18	550.09	494.72	496.28	1,076.15	1,368.33	716.39	4.62
Operating Profit	12.96	9.46	6.09	6.49	10.93	12.69	19.15	9.43	9.34	14.58	18.68	9.87	0.99
OPM %	6.57%	4.19%	2.33%	2.20%	3.73%	2.84%	3.36%	1.87%	1.85%	1.34%	1.35%	1.36%	17.65%
	6.22	8.10	9.60	8.67	3.61	11.53	0.96	2.47	2.58	2.66	1.71	45.48	3.07
Interest	7.04	7.76	8.33	7.62	5.97	3.82	7.62	7.02	5.70	6.86	8.71	5.36	0.38
Depreciation	7.57	6.80	4.97	5.06	3.44	3.61	3.74	3.65	3.67	3.68	3.62	3.42	2.40
Profit before tax	4.57	3.00	2.39	2.48	5.13	16.79	8.75	1.23	2.55	6.70	8.06	46.57	1.28
Tax %	9.63%	12.00%	14.64%	18.55%	5.65%	23.35%	25.71%	11.38%	61.57%	34.93%	24.44%	15.55%
	4.13	2.63	2.05	2.02	4.85	12.86	6.50	1.10	0.97	4.37	6.10	39.34	0.56
EPS in Rs	0.65	0.41	0.32	0.32	1.52	4.02	2.03	0.34	0.30	1.37	1.91	12.30	0.18
Dividend Payout %	61.99%	73.00%	93.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	12%
5 Years:	5%
3 Years:	13%
TTM:	-100%

Compounded Profit Growth
10 Years:	3%
5 Years:	-12%
3 Years:	51%
TTM:	-99%

Stock Price CAGR
10 Years:	15%
5 Years:	33%
3 Years:	25%
1 Year:	-21%

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

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	12.80	12.80	12.80	12.80	6.40	6.40	6.40	6.40	6.40	6.40	6.40	6.40	6.40
Reserves	198.88	195.42	195.95	199.28	96.45	109.32	115.82	116.92	117.89	122.26	128.36	167.70	168.12
	80.97	104.90	117.21	95.67	73.74	45.64	103.58	38.36	101.61	100.82	117.10	6.96	5.75
	10.19	8.87	6.31	10.22	12.02	4.93	5.09	11.75	11.84	25.03	44.73	0.30	1.39
Total Liabilities	302.84	321.99	332.27	317.97	188.61	166.29	230.89	173.43	237.74	254.51	296.59	181.36	181.66
	67.59	83.03	79.22	78.14	49.46	49.02	47.23	44.72	41.68	38.12	35.96	25.24	24.25
CWIP	17.19	0.71	0.92	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.14	0.00	0.00
Investments	26.82	27.39	27.08	26.11	1.40	14.72	20.02	20.02	20.02	20.02	20.02	36.46	36.46
	191.24	210.86	225.05	213.72	137.75	102.55	163.64	108.69	176.04	196.37	240.47	119.66	120.95
Total Assets	302.84	321.99	332.27	317.97	188.61	166.29	230.89	173.43	237.74	254.51	296.59	181.36	181.66

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	12.39	29.17	-23.07	20.37	-16.39	28.66	-41.93	60.29	-44.52	-14.87	-17.40	179.52
	8.80	-20.24	4.59	6.78	28.08	17.52	-14.77	-4.11	-13.75	21.26	9.31	-63.71
	-21.02	-6.38	11.94	-27.90	-11.39	-35.65	46.01	-55.43	57.32	-6.61	8.10	-114.79
Net Cash Flow	0.17	2.55	-6.54	-0.75	0.30	10.53	-10.70	0.75	-0.95	-0.23	0.01	1.03

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	48.93	51.97	41.94	36.22	41.24	28.25	24.25	30.29	41.23	24.59	27.12	0.65
Inventory Days	63.52	22.09	70.39	49.81	73.38	33.57	68.78	34.55	55.38			0.00
Days Payable	9.23	4.39	1.30	9.46	2.30	2.03	2.57	6.52	6.34
Cash Conversion Cycle	103.22	69.67	111.03	76.57	112.32	59.79	90.46	58.32	90.28	24.59	27.12	0.65
Working Capital Days	107.93	80.21	111.21	82.34	109.27	55.85	81.81	55.75	95.41	53.08	47.42	2.37
ROCE %	4.50%	3.50%	3.35%	3.04%	5.70%	6.73%	8.33%	4.14%	4.26%	5.77%	6.96%	4.30%

Shareholding Pattern

Numbers in percentages

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	73.91%	73.91%	73.91%	73.91%	74.66%	74.71%	74.41%	73.76%	72.33%	71.65%	70.62%	70.53%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.21%	0.15%	0.00%	0.15%
	0.82%	0.00%	0.82%	0.82%	0.77%	0.49%	0.33%	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%	25.81%	24.98%	24.99%	24.29%	24.52%	24.97%	25.95%	27.17%	27.92%	29.10%	29.05%
No. of Shareholders	11,753	11,725	11,862	11,519	11,052	10,750	13,220	13,521	15,003	18,238	22,353	23,650

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Dec 2024
	74.99%	72.96%	73.32%	73.88%	74.01%	73.91%	74.66%	72.33%	70.53%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.21%	0.15%
	2.35%	0.85%	0.85%	0.86%	0.85%	0.82%	0.77%	0.00%	0.00%
	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%	29.05%
No. of Shareholders	10,764	12,265	11,294	10,253	10,605	11,753	11,052	15,003	23,650

* 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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