Bhagyanagar India Ltd

₹ 73.7 -2.11%

04 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 ₹ 235 Cr.
Current Price ₹ 73.7
High / Low ₹ 129 / 65.0
Stock P/E 19.7
Book Value ₹ 62.1
Dividend Yield 0.00 %
ROCE 8.06 %
ROE 6.36 %
Face Value ₹ 2.00

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Pros

Stock is trading at 1.19 times its book value

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 7.13% over last 3 years.
Contingent liabilities of Rs.155 Cr.
Company might be capitalizing the interest cost
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

Consolidated Figures in Rs. Crores / View Standalone

	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
	377.75	521.96	414.18	338.99	430.25	663.17	345.97	339.79	334.61	409.68	369.21	408.02	394.48
	371.48	513.73	408.30	333.56	421.55	648.48	339.81	331.92	326.29	400.86	362.44	399.96	383.65
Operating Profit	6.27	8.23	5.88	5.43	8.70	14.69	6.16	7.87	8.32	8.82	6.77	8.06	10.83
OPM %	1.66%	1.58%	1.42%	1.60%	2.02%	2.22%	1.78%	2.32%	2.49%	2.15%	1.83%	1.98%	2.75%
	0.24	0.27	0.04	0.15	0.11	0.63	42.98	0.24	0.46	1.08	0.53	2.55	0.90
Interest	2.42	3.84	3.54	2.90	3.34	5.44	3.41	3.35	3.73	2.93	3.31	4.05	4.60
Depreciation	1.38	1.57	1.43	1.43	1.48	1.58	1.48	1.48	1.52	2.15	1.61	1.69	1.75
Profit before tax	2.71	3.09	0.95	1.25	3.99	8.30	44.25	3.28	3.53	4.82	2.38	4.87	5.38
Tax %	22.14%	31.07%	35.79%	36.00%	26.57%	30.00%	14.10%	23.48%	21.81%	49.38%	27.31%	23.41%	26.02%
	2.11	2.12	0.61	0.80	2.93	5.80	38.01	2.51	2.76	2.44	1.73	3.73	3.99
EPS in Rs	0.66	0.66	0.19	0.25	0.92	1.81	11.88	0.78	0.86	0.76	0.54	1.17	1.25
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	TTM
	197	234	279	299	310	513	569	562	787	1,574	1,847	1,431	1,581
	184	222	269	290	295	500	550	547	769	1,543	1,812	1,399	1,547
Operating Profit	13	12	10	9	14	13	19	15	19	30	35	32	34
OPM %	7%	5%	3%	3%	5%	2%	3%	3%	2%	2%	2%	2%	2%
	6	7	7	7	2	12	1	1	0	1	1	44	5
Interest	7	8	8	8	6	4	8	10	8	12	15	13	15
Depreciation	8	7	6	6	5	4	4	5	6	6	6	7	7
Profit before tax	4	3	2	2	5	17	9	1	5	13	14	56	17
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	12
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	3.72
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:	-6%

Compounded Profit Growth
10 Years:	14%
5 Years:	12%
3 Years:	46%
TTM:	-76%

Stock Price CAGR
10 Years:	14%
5 Years:	39%
3 Years:	12%
1 Year:	-33%

Return on Equity
10 Years:	4%
5 Years:	5%
3 Years:	7%
Last Year:	6%

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	Sep 2024
Equity Capital	13	13	13	13	6	6	6	6	6	6	6	6	6
Reserves	198	205	207	208	97	109	116	117	120	131	141	187	192
	86	110	123	102	76	46	114	66	155	179	220	101	239
	11	10	8	13	14	5	6	14	21	35	56	39	41
Total Liabilities	308	338	351	336	193	166	241	203	302	351	424	334	479
	176	206	206	206	72	63	77	81	81	77	80	77	81
CWIP	17	1	1	1	0	0	0	0	0	0	0	0	0
Investments	19	28	29	26	0	0	0	0	0	0	0	0	0
	96	104	115	104	121	103	164	122	221	275	344	256	397
Total Assets	308	338	351	336	193	166	241	203	302	351	424	334	479

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%	8%

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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