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 | 0.23 | 0.03 | 0.16 | 0.24 | 0.31 | 0.26 | 0.01 | 0.15 | 0.29 | 0.05 | 0.01 | 0.13 |
| Expenses | 2.22 | 0.59 | 2.01 | 0.50 | 0.58 | 0.58 | 0.38 | 0.43 | 0.45 | 0.40 | 0.46 | 0.55 |
| Operating Profit | -1.99 | -0.56 | -1.85 | -0.26 | -0.27 | -0.32 | -0.37 | -0.28 | -0.16 | -0.35 | -0.45 | -0.42 |
| OPM % | -865.22% | -1,866.67% | -1,156.25% | -108.33% | -87.10% | -123.08% | -3,700.00% | -186.67% | -55.17% | -700.00% | -4,500.00% | -323.08% |
| Other Income | 6.43 | 0.04 | -0.09 | 0.11 | 0.12 | 0.16 | 0.48 | 0.28 | 0.30 | 0.30 | 3.81 | 0.08 |
| Interest | 0.15 | 0.07 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 |
| Depreciation | 0.11 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| Profit before tax | 4.18 | -0.61 | -1.97 | -0.19 | -0.19 | -0.20 | 0.07 | -0.03 | 0.12 | -0.07 | 3.34 | -0.38 |
| Tax % | 13.40% | -13.11% | -13.71% | 0.00% | 5.26% | 5.00% | -100.00% | 33.33% | 8.33% | 14.29% | 2.10% | -13.16% |
| Net Profit | 3.63 | -0.52 | -1.71 | -0.20 | -0.19 | -0.21 | 0.14 | -0.03 | 0.11 | -0.08 | 3.26 | -0.33 |
| EPS in Rs | 15.69 | -2.25 | -7.39 | -0.86 | -0.82 | -0.91 | 0.61 | -0.13 | 0.48 | -0.35 | 14.09 | -1.43 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 10.22 | 10.01 | 8.46 | 7.65 | 3.00 | 0.40 | 1.07 | 0.68 | 0.72 | 0.81 | 0.49 | 0.48 |
| Expenses | 9.54 | 8.62 | 6.52 | 6.59 | 3.63 | 1.71 | 2.17 | 1.92 | 5.52 | 2.02 | 1.73 | 1.86 |
| Operating Profit | 0.68 | 1.39 | 1.94 | 1.06 | -0.63 | -1.31 | -1.10 | -1.24 | -4.80 | -1.21 | -1.24 | -1.38 |
| OPM % | 6.65% | 13.89% | 22.93% | 13.86% | -21.00% | -327.50% | -102.80% | -182.35% | -666.67% | -149.38% | -253.06% | -287.50% |
| Other Income | 0.48 | 0.75 | 1.24 | 0.64 | 2.93 | 0.47 | 0.60 | 1.02 | 6.39 | 0.87 | 4.68 | 4.49 |
| Interest | 0.03 | 0.21 | 0.76 | 0.84 | 0.61 | 0.57 | 0.71 | 0.73 | 0.50 | 0.13 | 0.05 | 0.05 |
| Depreciation | 0.23 | 0.42 | 1.86 | 1.86 | 1.85 | 1.84 | 1.79 | 1.66 | 0.54 | 0.04 | 0.04 | 0.05 |
| Profit before tax | 0.90 | 1.51 | 0.56 | -1.00 | -0.16 | -3.25 | -3.00 | -2.61 | 0.55 | -0.51 | 3.35 | 3.01 |
| Tax % | 24.44% | 32.45% | 26.79% | -4.00% | -62.50% | -4.62% | -6.00% | -7.28% | 25.45% | -11.76% | 2.39% | |
| Net Profit | 0.67 | 1.02 | 0.41 | -0.96 | -0.06 | -3.10 | -2.82 | -2.42 | 0.41 | -0.45 | 3.27 | 2.96 |
| EPS in Rs | 2.90 | 4.41 | 1.77 | -4.15 | -0.26 | -13.40 | -12.19 | -10.46 | 1.77 | -1.95 | 14.14 | 12.79 |
| 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 | -26% | 4% | -10% | -34% | ||
| Compounded Profit Growth | 18% | 25% | 45% | 1121% | ||
| Stock Price CAGR | 5% | 1% | 3% | -16% | ||
| Return on Equity | -13% | -31% | -17% | 58% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.31 | 2.31 | 2.31 | 2.31 | 2.31 | 2.31 | 2.31 | 2.31 | 2.31 | 2.31 | 2.31 | 2.31 |
| Reserves | 8.78 | 9.45 | 10.40 | 10.79 | 9.78 | 10.13 | 6.90 | 4.34 | 1.87 | 2.19 | 1.66 | 4.94 |
| Borrowings | 0.33 | 0.75 | 13.46 | 12.62 | 8.91 | 5.93 | 6.77 | 7.50 | 6.41 | 1.32 | 1.59 | 1.06 |
| Other Liabilities | 3.27 | 2.71 | 3.59 | 1.97 | 1.61 | 1.53 | 1.77 | 1.57 | 2.89 | 5.52 | 5.57 | 2.08 |
| Total Liabilities | 14.69 | 15.22 | 29.76 | 27.69 | 22.61 | 19.90 | 17.75 | 15.72 | 13.48 | 11.34 | 11.13 | 10.39 |
| Fixed Assets | 2.12 | 2.13 | 16.24 | 14.39 | 12.53 | 10.68 | 8.84 | 7.05 | 5.26 | 1.45 | 1.40 | 1.52 |
| CWIP | 0.00 | 0.35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2.44 | 2.23 | 2.38 | 2.01 | 1.99 | 1.93 | 2.16 | 1.97 | 0.73 | 0.81 | 1.07 | 1.70 |
| Other Assets | 10.13 | 10.51 | 11.14 | 11.29 | 8.09 | 7.29 | 6.75 | 6.70 | 7.49 | 9.08 | 8.66 | 7.17 |
| Total Assets | 14.69 | 15.22 | 29.76 | 27.69 | 22.61 | 19.90 | 17.75 | 15.72 | 13.48 | 11.34 | 11.13 | 10.39 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.30 | -0.18 | 1.39 | 0.67 | 4.13 | 3.19 | -0.72 | -0.42 | 0.31 | -4.22 | -0.56 | 0.36 |
| Cash from Investing Activity | 0.41 | 0.09 | -13.97 | 0.86 | 0.42 | 0.35 | 0.07 | 0.60 | 2.25 | 9.15 | 0.39 | 0.24 |
| Cash from Financing Activity | 0.15 | 0.15 | 12.62 | -1.53 | -4.54 | -3.60 | 0.65 | -0.17 | -1.94 | -5.55 | 0.16 | -0.59 |
| Net Cash Flow | 0.26 | 0.06 | 0.04 | -0.01 | 0.02 | -0.06 | 0.00 | 0.01 | 0.61 | -0.62 | -0.01 | 0.01 |
| Free Cash Flow | -0.32 | -0.76 | -12.79 | 0.66 | 4.13 | 3.19 | -0.72 | -0.43 | 1.16 | 4.82 | -0.56 | 0.18 |
| CFO/OP | -2% | 24% | 102% | 58% | 390% | -506% | 55% | 67% | -25% | 88% | 46% | -29% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 111.37 | 101.43 | 127.26 | 83.70 | 61.07 | 369.87 | 2,253.88 | 975.61 | 1,685.44 | 1,480.28 | 1,230.19 | 81.94 |
| Inventory Days | 60.11 | 24.29 | 11.34 | 52.98 | 43.91 | 108.15 | 365.00 | 15.21 | 29.20 | 23.55 | 19.21 | |
| Days Payable | 100.51 | 97.18 | 133.24 | 329.68 | 85.08 | 446.11 | 3,650.00 | 441.04 | 832.20 | 918.39 | 739.61 | |
| Cash Conversion Cycle | 70.98 | 28.55 | 5.35 | -192.99 | 19.91 | 31.90 | -1,031.12 | 549.77 | 882.44 | 585.44 | 509.79 | 81.94 |
| Working Capital Days | 70.50 | 101.79 | -213.31 | -338.25 | -62.98 | 180.07 | 1,377.88 | 310.42 | -724.63 | 694.51 | 157.72 | -1,318.47 |
| ROCE % | 12.56% | 7.27% | 8.22% | 4.74% | -0.73% | 2.24% | -15.60% | -15.53% | -21.50% | -57.53% | -6.68% | 48.88% |
| 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 | 43.30% | 43.30% | 43.30% | 43.30% | 43.30% | 43.30% | 43.30% | 43.30% | 43.30% | 43.30% | 43.30% | 43.30% |
| DIIs | 12.99% | 12.99% | 12.99% | 12.99% | 12.99% | 12.99% | 12.99% | 12.99% | 12.99% | 12.99% | 12.99% | 12.99% |
| Public | 43.72% | 43.72% | 43.72% | 43.71% | 43.72% | 43.72% | 43.72% | 43.72% | 43.72% | 43.71% | 43.70% | 43.71% |
| No. of Shareholders | 6,615 | 6,721 | 6,715 | 6,810 | 6,936 | 6,954 | 7,077 | 7,215 | 7,258 | 7,271 | 7,284 | 7,243 |
Fundamentals
Market Cap₹ 9.60 Cr.
Current Price₹ 41.6
Stock P/E3.24
Book Value₹ 31.3
ROCE48.9 %
ROE58.1 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-34%
Compounded Profit Growth (TTM)1121%
Standalone figures.
Valuation
Market capRs 9 Cr
Enterprise valueRs 9 Cr
P/E (TTM)3.04x
Price to book1.24x
Price to sales18.74x
EV / EBITDA2.82x
EV / EBIT2.87x
EV / sales18.28x
Price to cash flow24.99x
Earnings yield32.91%
P/E, 3-year average13.97x
P/B, 3-year average1.94x
P/E, 5-year average13.97x
P/B, 5-year average2.01x
Profitability
Operating margin (excl. other income)-253.06%
Operating margin (incl. other income)702.04%
EBITDA margin647.92%
Pre-tax margin627.08%
Net profit margin616.67%
Net margin, latest quarter-253.85%
ROE58.29%
ROCE49.03%
ROA30.39%
ROE, 3-year average19.04%
ROCE, 3-year average18.38%
ROA, 3-year average9.90%
ROE, 5-year average-4.63%
ROCE, 5-year average4.95%
ROA, 5-year average-0.75%
ROIC (approx.)42.49%
Tax rate2.39%
Other income / net worth64.55%
Growth
Sales growth (latest year)-39.51%
Sales CAGR, 3 years-10.35%
Sales CAGR, 5 years4.14%
Sales growth QoQ1200.00%
Profit growth QoQ-110.12%
Sales growth YoY (latest quarter)-13.33%
Per share
EPS (TTM)Rs 12.80
EPS (latest year)Rs 14.14
EPS (latest quarter)Rs -1.43
EPS, 3-year averageRs 4.65
EPS, 5-year averageRs -1.74
Book value per shareRs 31.34
Sales per shareRs 2.08
Cash flow per shareRs 1.56
Free cash flow per shareRs 0.78
Efficiency
Asset turnover0.05x
Fixed asset turnover0.32x
Inventory turnover9.00x
Inventory days41 days
Debtor days82 days
Debtors turnover4.45x
Creditor days740 days
Cash conversion cycle82 days
Working capital days-1318 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 1 Cr
Net debtRs -0 Cr
Debt to equity0.15x
Net debt / EBITDA-0.07x
Interest coverage61.20x
Owners' fund to total sources69.78%
Debt to assets10.20%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 0 Cr
FCFE (approx.: FCF + change in debt)Rs -0 Cr
Sales to cash flow1.36x
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 4 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 3 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 3 Cr
Net profit (latest year)Rs 3 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 5 Cr
Share capitalRs 2 Cr
ReservesRs 5 Cr
Shareholders' fundsRs 7 Cr
Total assetsRs 10 Cr
Net blockRs 2 Cr
InvestmentsRs 2 Cr
ReceivablesRs 0 Cr
InventoryRs 0 Cr
Other liabilitiesRs 2 Cr
Shares outstanding (crore)0.23
Ownership
Promoter holding43.30% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 3.0 is at the 7th percentile of its own 3.4-year range
(median 10.1, low 2.4, high 67.7).
P/B 1.24 is at the 51th percentile (median 1.19).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 509449 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +3.4% | -2.8% | +6.2 pts |
| 1 month | +2.6% | -6.8% | +9.4 pts |
| 3 months | +13.7% | -7.6% | +21.3 pts |
| 3 years | +1.0% | +14.2% | -13.2 pts |
| 5 years | -3.3% | +27.9% | -31.1 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was -137% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 28% of total assets in 2026 |
| look | Profit leans on other income Other income was 140% 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 -13.3% 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 Oxygen Ltd?
Bhagawati Oxygen Ltd (509449) has a market capitalisation of Rs 9.60 Cr. at the 2026-10-01 close.
What is the P/E ratio of Bhagawati Oxygen Ltd?
Bhagawati Oxygen Ltd trades at a P/E of 3.24 on trailing twelve-month profit, at the 2026-10-01 close.
What were Bhagawati Oxygen Ltd's latest quarterly results?
In the Jun 2026 quarter, Bhagawati Oxygen Ltd sales was Rs 0 Cr (-13.3% vs Jun 2025) with a net loss of Rs 0 Cr.