Bhagyanagar India Ltd

Bhagyanagar India Ltd

₹ 107 -1.92%
03 Jul 9:09 a.m.
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.

  • Market Cap 342 Cr.
  • Current Price 107
  • High / Low 126 / 50.1
  • Stock P/E 7.49
  • Book Value 60.4
  • Dividend Yield 0.00 %
  • ROCE 20.9 %
  • ROE 26.8 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 49.3% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -1.42%
  • Earnings include an other income of Rs.44.1 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
295.57 326.81 347.11 377.75 521.96 414.18 338.99 430.25 663.17 346.27 339.79 334.98 409.68
289.03 319.24 338.99 371.48 513.73 408.30 333.56 421.55 648.48 339.81 331.92 326.29 400.86
Operating Profit 6.54 7.57 8.12 6.27 8.23 5.88 5.43 8.70 14.69 6.46 7.87 8.69 8.82
OPM % 2.21% 2.32% 2.34% 1.66% 1.58% 1.42% 1.60% 2.02% 2.22% 1.87% 2.32% 2.59% 2.15%
-0.18 0.01 0.25 0.24 0.27 0.04 0.15 0.11 0.63 42.68 0.24 0.09 1.08
Interest 2.94 2.78 2.78 2.42 3.84 3.54 2.90 3.34 5.44 3.41 3.35 3.73 2.93
Depreciation 1.59 1.38 1.38 1.38 1.57 1.43 1.43 1.48 1.58 1.48 1.48 1.52 2.15
Profit before tax 1.83 3.42 4.21 2.71 3.09 0.95 1.25 3.99 8.30 44.25 3.28 3.53 4.82
Tax % 63.39% 33.63% 30.64% 22.14% 31.07% 35.79% 36.00% 26.57% 30.00% 14.10% 23.48% 21.81% 49.38%
0.67 2.26 2.91 2.11 2.12 0.61 0.80 2.93 5.80 38.01 2.51 2.76 2.44
EPS in Rs 0.21 0.71 0.91 0.66 0.66 0.19 0.25 0.92 1.81 11.88 0.78 0.86 0.76
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
197 234 279 299 310 513 569 562 787 1,574 1,847 1,431
184 222 269 290 295 500 550 547 769 1,543 1,812 1,399
Operating Profit 13 12 10 9 14 13 19 15 19 30 35 32
OPM % 7% 5% 3% 3% 5% 2% 3% 3% 2% 2% 2% 2%
6 7 7 7 2 12 1 1 0 1 1 44
Interest 7 8 8 8 6 4 8 10 8 12 15 13
Depreciation 8 7 6 6 5 4 4 5 6 6 6 7
Profit before tax 4 3 2 2 5 17 9 1 5 13 14 56
Tax % 12% 2% -20% -14% -3% 24% 26% 12% 33% 17% 30% 18%
3 3 3 3 5 13 6 1 3 11 10 46
EPS in Rs 0.52 0.50 0.54 0.39 1.68 3.97 1.98 0.33 1.09 3.46 3.17 14.29
Dividend Payout % 77% 61% 56% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 20%
5 Years: 20%
3 Years: 22%
TTM: -23%
Compounded Profit Growth
10 Years: 31%
5 Years: 49%
3 Years: 136%
TTM: 352%
Stock Price CAGR
10 Years: 18%
5 Years: 35%
3 Years: 31%
1 Year: 96%
Return on Equity
10 Years: 6%
5 Years: 10%
3 Years: 15%
Last Year: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 13 13 13 13 6 6 6 6 6 6 6 6
Reserves 198 205 207 208 97 109 116 117 120 131 141 187
86 110 123 102 76 46 114 66 155 179 220 101
11 10 8 13 14 5 6 14 21 35 56 39
Total Liabilities 308 338 351 336 193 166 241 203 302 351 424 334
176 206 206 206 72 63 77 81 81 77 80 77
CWIP 17 1 1 1 0 0 0 0 0 0 0 0
Investments 19 28 29 26 0 0 0 0 0 0 0 0
96 104 115 104 121 103 164 122 221 275 344 256
Total Assets 308 338 351 336 193 166 241 203 302 351 424 334

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
11 33 -17 23 -14 28 -48 49 -76 -4 -40 96
10 -24 -2 3 28 31 -17 -13 -2 -1 3 39
-21 -6 12 -27 -13 -49 54 -35 77 14 27 -133
Net Cash Flow 0 3 -7 -1 0 11 -11 1 -1 9 -9 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 52 53 42 38 43 25 24 31 41 23 24 25
Inventory Days 64 21 67 50 73 34 70 42 43 26 31 23
Days Payable 9 4 2 10 3 2 3 8 8 6 8 6
Cash Conversion Cycle 107 70 106 78 113 56 92 65 76 42 46 42
Working Capital Days 117 83 106 83 107 49 86 63 90 53 56 57
ROCE % 4% 3% 3% 3% 6% 7% 8% 5% 6% 8% 9%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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 10,88111,80111,55611,75311,72511,86211,51911,05210,75013,22013,52115,003

* 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.

Click on the line-items to see the names of individual entities.

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