Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.11 | 0.20 | 0.12 | 0.09 | 0.12 | 0.05 | 0.21 | 0.09 | 0.12 | 0.00 | 0.04 | 0.01 |
| Expenses | 0.33 | 0.31 | 0.15 | 0.62 | 0.31 | 1.26 | 0.86 | 0.48 | 0.42 | 0.33 | 0.44 | 0.34 |
| Operating Profit | -0.22 | -0.11 | -0.03 | -0.53 | -0.19 | -1.21 | -0.65 | -0.39 | -0.30 | -0.33 | -0.40 | -0.33 |
| OPM % | -200.00% | -55.00% | -25.00% | -588.89% | -158.33% | -2,420.00% | -309.52% | -433.33% | -250.00% | -1,000.00% | -3,300.00% | |
| Other Income | 0.32 | 0.17 | 0.18 | 0.17 | 0.17 | 3.40 | 0.16 | 0.19 | 0.17 | 0.16 | 2.03 | 0.41 |
| Interest | 0.02 | 0.05 | 0.03 | 0.02 | 0.06 | 0.11 | 0.12 | 0.06 | 0.08 | 0.06 | 0.10 | 0.06 |
| Depreciation | 0.04 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Profit before tax | 0.04 | -0.03 | 0.09 | -0.42 | -0.12 | 2.04 | -0.64 | -0.28 | -0.23 | -0.25 | 1.51 | 0.00 |
| Tax % | 0.00% | 0.00% | 355.56% | 0.00% | 0.00% | 0.00% | 115.62% | 0.00% | 0.00% | 0.00% | -15.89% | |
| Net Profit | 0.04 | -0.04 | -0.23 | -0.41 | -0.11 | 2.04 | -1.38 | -0.28 | -0.23 | -0.25 | 1.75 | -0.26 |
| EPS in Rs | 0.02 | -0.02 | -0.14 | -0.24 | -0.07 | 1.22 | -0.82 | -0.17 | -0.14 | -0.15 | 1.05 | -0.16 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.21 | 1.11 | 0.13 | 0.59 | 0.46 | 0.25 | 0.17 |
| Expenses | 0.63 | 0.57 | 0.63 | 0.59 | 4.53 | 1.92 | 0.31 | 1.40 | 1.05 | 3.02 | 1.65 | 1.53 |
| Operating Profit | -0.62 | -0.57 | -0.63 | -0.59 | -4.53 | -1.71 | 0.80 | -1.27 | -0.46 | -2.56 | -1.40 | -1.36 |
| OPM % | -6,200.00% | -814.29% | 72.07% | -976.92% | -77.97% | -556.52% | -560.00% | -800.00% | ||||
| Other Income | 0.54 | 0.10 | 0.17 | 0.18 | 3.37 | 0.92 | 0.00 | 0.76 | 0.84 | 3.89 | 2.54 | 2.77 |
| Interest | 0.12 | 0.10 | 0.10 | 0.09 | 0.13 | 0.06 | 0.00 | 0.10 | 0.12 | 0.31 | 0.31 | 0.30 |
| Depreciation | 0.44 | 0.39 | 0.39 | 0.28 | 0.17 | 0.15 | 0.00 | 0.17 | 0.16 | 0.14 | 0.08 | 0.08 |
| Profit before tax | -0.64 | -0.96 | -0.95 | -0.78 | -1.46 | -1.00 | 0.80 | -0.78 | 0.10 | 0.88 | 0.75 | 1.03 |
| Tax % | 0.00% | 0.00% | -50.53% | -5.13% | -87.67% | -2.00% | 0.00% | -179.49% | 320.00% | 84.09% | -32.00% | |
| Net Profit | -0.63 | -0.96 | -0.47 | -0.73 | -0.18 | -0.99 | 0.80 | 0.62 | -0.22 | 0.14 | 0.99 | 1.01 |
| EPS in Rs | -0.38 | -0.57 | -0.28 | -0.44 | -0.11 | -0.59 | 0.48 | 0.37 | -0.13 | 0.08 | 0.59 | 0.60 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | % | 24% | -64% | ||
| Compounded Profit Growth | 12% | % | 16% | 274% | ||
| Stock Price CAGR | 31% | % | % | % | ||
| Return on Equity | % | % | 2% | 7% |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16.74 | 16.74 | 16.74 | 16.74 | 16.74 | 16.74 | 16.74 | 16.74 | 16.74 | 16.74 | 16.74 | |
| Reserves | 2.19 | 1.56 | 0.60 | 0.14 | -0.57 | -0.88 | -1.89 | -2.05 | -2.23 | -2.05 | -1.04 | |
| Borrowings | 1.23 | 1.01 | 1.06 | 4.68 | 0.77 | 0.28 | 0.27 | 0.43 | 0.90 | 2.85 | 1.49 | |
| Other Liabilities | 6.03 | 6.33 | 6.86 | 2.65 | 6.68 | 4.08 | 4.93 | 4.03 | 3.64 | 3.71 | 1.55 | |
| Total Liabilities | 26.19 | 25.64 | 25.26 | 24.21 | 23.62 | 20.22 | 20.05 | 19.15 | 19.05 | 21.25 | 18.74 | |
| Fixed Assets | 6.66 | 6.22 | 5.83 | 5.52 | 4.95 | 2.80 | 2.65 | 2.33 | 2.17 | 2.20 | 2.13 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Investments | 0.03 | 0.09 | 0.02 | 0.04 | 0.03 | 0.01 | 0.01 | 0.04 | 0.05 | 0.04 | 0.04 | |
| Other Assets | 19.50 | 19.33 | 19.41 | 18.65 | 18.64 | 17.41 | 17.39 | 16.78 | 16.83 | 19.01 | 16.57 | |
| Total Assets | 26.19 | 25.64 | 25.26 | 24.21 | 23.62 | 20.22 | 20.05 | 19.15 | 19.05 | 21.25 | 18.74 |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0.53 | 0.12 | 0.02 | 0.23 | -0.36 | -1.60 | -0.74 | -2.60 | -1.34 | |||
| Cash from Investing Activity | 0.07 | 0.22 | 0.15 | 0.06 | 0.31 | 0.74 | 0.82 | 0.57 | 3.09 | |||
| Cash from Financing Activity | -0.60 | -0.34 | 0.00 | -0.19 | -0.11 | -0.10 | 0.35 | 1.63 | -1.66 | |||
| Net Cash Flow | 0.00 | -0.01 | 0.16 | 0.10 | -0.17 | -0.95 | 0.43 | -0.39 | 0.09 | |||
| Free Cash Flow | 0.56 | 0.16 | 0.02 | 0.25 | 0.07 | -1.60 | -0.74 | -2.77 | -1.34 | |||
| CFO/OP | -54% | -19% | -4% | -30% | 61% | 236% | 91% | 73% | 113% |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 210,605.00 | 139.05 | 842.31 | 191.78 | 3,046.96 | 5,796.20 | ||||||
| Inventory Days | 246.62 | 536.76 | ||||||||||
| Days Payable | 0.00 | 0.00 | ||||||||||
| Cash Conversion Cycle | 210,605.00 | 139.05 | 842.31 | 191.78 | 3,293.58 | 6,332.96 | ||||||
| Working Capital Days | 447,125.00 | -1,008.10 | 6,766.54 | 160.85 | 975.98 | 6,424.00 | ||||||
| ROCE % | -6.98% | -3.50% | -4.72% | -4.75% | -4.31% | -8.04% | -6.01% | 1.44% | 7.22% | 6.10% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 34.23% | 34.23% | 34.23% | 34.23% | 34.23% | 34.23% | 34.23% | 34.23% | 34.23% | 34.23% | 34.23% | 34.23% |
| DIIs | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% |
| Public | 65.62% | 65.63% | 65.62% | 65.62% | 65.63% | 65.63% | 65.62% | 65.62% | 65.62% | 65.63% | 65.63% | 65.62% |
| No. of Shareholders | 22,891 | 22,888 | 22,883 | 22,884 | 22,880 | 22,880 | 22,880 | 22,877 | 22,878 | 22,877 | 22,814 | 22,678 |
Fundamentals
Market Cap₹ 15.2 Cr.
Current Price₹ 9.06
Stock P/E15.0
Book Value₹ 9.23
ROCE6.10 %
ROE6.52 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-64%
Compounded Profit Growth (TTM)274%
Standalone figures.
Valuation
Market capRs 18 Cr
Enterprise valueRs 14 Cr
P/E (TTM)17.65x
Price to book1.14x
Price to sales71.32x
EV / EBITDA12.47x
EV / EBIT13.42x
EV / sales56.36x
Earnings yield5.66%
P/E, 3-year average5.58x
P/B, 3-year average0.14x
P/E, 5-year average4.20x
P/B, 5-year average0.12x
Profitability
Operating margin (excl. other income)-560.00%
Operating margin (incl. other income)456.00%
EBITDA margin452.00%
Pre-tax margin300.00%
Net profit margin404.00%
Net margin, latest quarter-2600.00%
ROE6.52%
ROCE6.10%
ROA4.95%
ROE, 3-year average1.99%
ROCE, 3-year average4.92%
ROA, 3-year average1.50%
ROE, 5-year average2.55%
ROCE, 5-year average2.57%
ROA, 5-year average1.93%
ROIC (approx.)11.59%
Tax rate-32.00%
Other income / net worth16.18%
Growth
Sales growth (latest year)-45.65%
Profit growth (latest year)607.14%
Sales CAGR, 3 years24.36%
Sales CAGR, 5 years3.55%
Profit CAGR, 3 years16.88%
Sales growth QoQ-75.00%
Profit growth QoQ-114.86%
Sales growth YoY (latest quarter)-88.89%
Per share
EPS (TTM)Rs 0.60
EPS (latest year)Rs 0.59
EPS (latest quarter)Rs -0.16
EPS, 3-year averageRs 0.18
EPS, 5-year averageRs 0.23
Book value per shareRs 9.38
Sales per shareRs 0.15
Cash flow per shareRs -0.80
Free cash flow per shareRs -0.80
Efficiency
Asset turnover0.01x
Fixed asset turnover0.12x
Inventory turnover1.76x
Inventory days207 days
Debtor days5796 days
Debtors turnover0.06x
Creditor days0 days
Cash conversion cycle6333 days
Working capital days6424 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 5 Cr
Net debtRs -4 Cr
Debt to equity0.09x
Net debt / EBITDA-3.31x
Interest coverage3.50x
Owners' fund to total sources83.78%
Debt to assets7.95%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs 3 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Cash from ops / profit, 5 years-8.30x
Statement figures
Net sales (TTM)Rs 0 Cr
Net sales (latest year)Rs 0 Cr
Sales (latest quarter)Rs 0 Cr
Operating profit excl. other income (latest year)Rs -1 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs -0 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 2 Cr
Total income (latest year)Rs 3 Cr
Share capitalRs 17 Cr
ReservesRs -1 Cr
Shareholders' fundsRs 16 Cr
Total assetsRs 19 Cr
Net blockRs 2 Cr
InvestmentsRs 0 Cr
ReceivablesRs 4 Cr
InventoryRs 0 Cr
Other liabilitiesRs 2 Cr
Shares outstanding (crore)1.67
Ownership
Promoter holding34.23% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 500051 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +27.2% | -2.8% | +30.0 pts |
| 1 month | +10.7% | -6.8% | +17.5 pts |
| 3 months | +21.4% | -7.6% | +29.1 pts |
| 3 years | +1909.4% | +14.2% | +1895.3 pts |
| 5 years | +1909.4% | +27.9% | +1881.5 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -514% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 12% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew 3% vs sales -46% in 2026 |
| look | Inventory outrunning sales Inventory grew 0% vs sales -46% in 2026 |
| look | Profit leans on other income Other income was 339% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹0 Cr -88.9% vs Jun 2025.
Net loss ₹0 Cr.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Bhagawati Gas Ltd?
Bhagawati Gas Ltd (500051) has a market capitalisation of Rs 15.2 Cr. at the 2026-10-01 close.
What is the P/E ratio of Bhagawati Gas Ltd?
Bhagawati Gas Ltd trades at a P/E of 15.0 on trailing twelve-month profit, at the 2026-10-01 close.
What were Bhagawati Gas Ltd's latest quarterly results?
In the Jun 2026 quarter, Bhagawati Gas Ltd sales was Rs 0 Cr (-88.9% vs Jun 2025) with a net loss of Rs 0 Cr.