MarketFriction

Bhagyanagar India Ltd

NSE BHAGYANGR · BSE 512296 · Copper
₹402.65 -2.07%
NSE close2026-10-01
52 week range92.00 - 467.90
Market cap₹1,366 Cr.
P/E21.7
Price band 5% Delivery 51.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales340335409369408394454486580577735705
Expenses332326401362400384443469555549698667
Operating Profit8887811111625293638
OPM %2.3%2.5%2.0%1.8%2.0%2.8%2.5%3.3%4.3%5.0%4.9%5%
Other Income001131231111
Interest343345579101010
Depreciation122222222222
Profit before tax34525561015182427
Tax %23%22%49%27%23%26%24%25%26%28%25%25%
Net Profit3322445811131820
EPS in Rs0.780.860.760.541.171.251.432.373.524.015.786.33
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2993105135695627871,5741,8471,4291,6262,3782,597
Expenses2902955005505477691,5431,8121,3991,5892,2722,469
Operating Profit9141319151930353037106128
OPM %3.0%4.7%2.5%3.4%2.7%2.4%1.9%1.9%2.1%2.3%4.5%4.9%
Other Income72121101145653
Interest8648108121513173639
Depreciation654456667778
Profit before tax2517915131456196884
Tax %-14%-3%24%26%12%33%17%30%18%25%26%
Net Profit3513613111046145063
EPS in Rs0.391.683.971.980.331.093.463.1714.294.3815.6819.64
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth23%25%9%49%
Compounded Profit Growth36%68%67%216%
Stock Price CAGR36%53%80%327%
Return on Equity7%10%11%20%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital13136666666666
Reserves20720897109116117120131141187201251
Borrowings123102764611466155179220101275259
Other Liabilities8131456142135563938118
Total Liabilities351336193166241203302351424334521635
Fixed Assets20620672637781817780778084
CWIP110000000000
Investments29260000000000
Other Assets115104121103164122221275344256440551
Total Assets351336193166241203302351424334521635
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-1723-1428-4849-76-4-4096-14459
Cash from Investing Activity-232831-17-13-2-1339-10-5
Cash from Financing Activity12-27-13-4954-35771427-133155-59
Net Cash Flow-7-1011-111-19-932-5
Free Cash Flow-2120-1534-6634-81-5-49135-15050
CFO/OP-181%276%-95%242%-240%328%-399%2%-102%345%-380%70%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days423843252431412324253331
Inventory Days675073347042432631
Days Payable2103238868
Cash Conversion Cycle10678113569265764246253331
Working Capital Days534759363137342224444734
ROCE %3%3%6%7%8%5%6%8%9%8%8%20%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Aug 2026
Promoters73.76%72.33%71.65%70.62%70.53%70.54%70.44%70.57%65.12%64.84%64.91%65.80%
FIIs0.00%0.21%0.15%0.00%0.15%0.00%0.00%0.00%0.44%0.41%0.86%2.15%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.20%2.08%
Government0.28%0.28%0.28%0.28%0.28%0.28%0.28%0.28%0.00%0.00%0.00%0.00%
Public25.95%27.17%27.92%29.10%29.05%29.19%29.26%29.17%34.44%34.74%34.04%29.98%
No. of Shareholders13,52115,00318,23822,35323,65023,74623,99623,70628,25031,75430,94631,751

Fundamentals

Market Cap₹ 1,366 Cr.
Current Price₹ 408
Stock P/E21.7
Book Value₹ 80.5
ROCE20.2 %
ROE20.2 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)49%
Compounded Profit Growth (TTM)216%
Consolidated figures.
Valuation
Market capRs 1,288 Cr
Enterprise valueRs 1,546 Cr
P/E (TTM)20.50x
Price to book5.00x
Price to sales0.50x
EV / EBITDA11.83x
EV / EBIT12.56x
EV / sales0.60x
Price to cash flow21.84x
Earnings yield4.88%
P/E, 3-year average10.30x
P/B, 3-year average1.39x
P/E, 5-year average11.71x
P/B, 5-year average1.24x
Profitability
Operating margin (excl. other income)4.46%
Operating margin (incl. other income)4.66%
EBITDA margin5.03%
Pre-tax margin3.25%
Net profit margin2.42%
Net margin, latest quarter2.87%
ROE21.58%
ROCE20.71%
ROA8.68%
ROE, 3-year average18.46%
ROCE, 3-year average16.94%
ROA, 3-year average8.01%
ROE, 5-year average14.18%
ROCE, 5-year average13.59%
ROA, 5-year average6.01%
ROIC (approx.)17.74%
Tax rate25.69%
Other income / net worth1.83%
Growth
Sales growth (latest year)46.27%
Profit growth (latest year)257.85%
Sales CAGR, 3 years8.79%
Sales CAGR, 5 years24.74%
Profit CAGR, 3 years70.46%
Profit CAGR, 5 years70.52%
Sales growth QoQ-4.01%
Profit growth QoQ9.52%
Sales growth YoY (latest quarter)45.20%
Profit growth YoY (latest quarter)167.50%
Per share
EPS (TTM)Rs 19.64
EPS (latest year)Rs 15.68
EPS (latest quarter)Rs 6.33
EPS, 3-year averageRs 11.45
EPS, 5-year averageRs 8.20
Book value per shareRs 80.50
Sales per shareRs 811.78
Cash flow per shareRs 18.44
Free cash flow per shareRs 15.63
Efficiency
Asset turnover3.75x
Fixed asset turnover28.47x
Inventory turnover9.76x
Inventory days37 days
Debtor days31 days
Debtors turnover11.86x
Creditor days8 days
Cash conversion cycle31 days
Working capital days34 days
Leverage
Total debtRs 259 Cr
Cash and bankRs 1 Cr
Net debtRs 258 Cr
Debt to equity1.01x
Net debt / EBITDA1.97x
Interest coverage3.19x
Current ratio (filing 2026-03-31)1.67x
Quick ratio (filing 2026-03-31)0.97x
Trade payables (filing 2026-03-31)Rs 29 Cr
Owners' fund to total sources40.57%
Debt to assets40.79%
Cash flow
Cash from Operating Activity (latest year)Rs 59 Cr
Cash from Investing Activity (latest year)Rs -5 Cr
Cash from Financing Activity (latest year)Rs -59 Cr
Net Cash Flow (latest year)Rs -5 Cr
Free cash flow (latest year)Rs 50 Cr
FCFE (approx.: FCF + change in debt)Rs 34 Cr
Cash from ops / profit, 5 years-0.25x
Sales to cash flow40.30x
Statement figures
Net sales (TTM)Rs 2,597 Cr
Net sales (latest year)Rs 2,378 Cr
Sales (latest quarter)Rs 705 Cr
Operating profit excl. other income (latest year)Rs 106 Cr
Operating profit (latest quarter)Rs 38 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 131 Cr
PBDT (TTM)Rs 92 Cr
Profit before tax (TTM)Rs 84 Cr
Tax (latest year)Rs 17 Cr
Net profit (TTM)Rs 63 Cr
Net profit (latest year)Rs 50 Cr
Net profit (latest quarter)Rs 20 Cr
Depreciation (TTM)Rs 8 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 39 Cr
Cost of goods sold (latest year)Rs 2,247 Cr
Total expenditure (latest year)Rs 2,272 Cr
Total income (latest year)Rs 2,382 Cr
Share capitalRs 6 Cr
ReservesRs 251 Cr
Shareholders' fundsRs 258 Cr
Total assetsRs 635 Cr
Net blockRs 84 Cr
InvestmentsRs 0 Cr
ReceivablesRs 200 Cr
InventoryRs 230 Cr
Other liabilitiesRs 118 Cr
Shares outstanding (crore)3.20
Ownership
Promoter holding65.80% (-4.77 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 20.5 is at the 56th percentile of its own 9.4-year range (median 18.6, low 6.2, high 161.7).
P/B 5.00 is at the 97th percentile (median 1.21).
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.
PeriodBHAGYANGRNifty 50Difference
1 week-6.9%-2.8% -4.1 pts
1 month+6.0%-6.8% +12.8 pts
3 months+8.4%-7.6% +16.0 pts
6 months+192.4%+0.4% +192.0 pts
1 year+321.2%-9.9% +331.1 pts
2 years+292.6%-13.6% +306.2 pts
3 years+476.9%+14.2% +462.7 pts
5 years+736.2%+27.9% +708.3 pts

Red flags

F-score 8 of 8
explainWeak cash conversion Cash from operations was 11% of net profit over the last 3 years
lookRegulator order or action Regulator order or action 2026-05-27: Bhagyanagar India Limited has informed the Exchange that the company has received show cause notice.
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 2026
Sales ₹705 Cr +45.1% vs Jun 2025. Net profit ₹20 Cr +150.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-10-08Demerger
2024-09-23Annual General Meeting
2023-09-20Annual General Meeting
2022-09-21Annual General Meeting
2021-09-22 Annual General Meeting
2020-09-22 Annual General Meeting
2019-09-12 Annual General Meeting
2018-09-17 Annual General Meeting
2017-09-19 Annual General Meeting
DateTypeWhat it says
2026-10-02Shareholder meetingVoting results.
2026-09-30Shareholder meetingProceedings of the 41st Annual General Meeting held on September 30, 2026
2026-09-29Credit RatingCredit Rating
2026-09-25Record DateRecord date for the purpose of Merger/HiveOff is 08-Oct-2026.
2026-09-25Board meeting outcomeOutcome of Board Meeting held on September 25, 2026.- Intimation of Record Date pursuant to Regulation 42 of SEBI(L0DR) Regulations, 2015
2026-09-11General UpdatesWe hereby inform that the Company has received trading approval for 15,01,434 equity shares allotted on preferential basis, from National Stock Exchan...
2026-09-07Scheme of ArrangementWe would like to inform that the Composite Scheme of Arrangement between Bhagyanagar Copper Private Limited (BCPL or Transferor Company) and Bhagyan...
2026-09-07Shareholder meetingNotice of Annual General Meeting to be held on September 30, 2026
2026-09-02Reply to Clarification- FinaThe Exchange had sought clarification from Bhagyanagar India Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (List...
2026-08-28UpdatesListing Approval From BSE Limited & National Stock Exchange Of India Limited For 15,01,434 Equity Shares Of Rs 2/- Each Under Preferential Basis..Lett...
2026-08-27General UpdatesNotice of 41st Annual General Meeting ( AGM ) of the Members of the Company to be held on Wednesday, September 30, 2026 at 11:00 A.M. (IST) through Vi...
2026-08-27General UpdatesGeneral Updates: 3) Fixation of Book Closure Dates for the 41st AGM
2026-08-27Change in ManagementChange in Management :Reappointment of Managing Director subject to the approval of the shareholders at the ensuing Annual General Meeting of the Comp...
2026-08-27Board meeting outcomeOutcome of Board Meeting held on August 27, 2026.
2026-08-25General UpdatesGeneral Updates
2026-08-13Board meeting outcomeOutcome of the Executive Committee of the board of Bhagyanagar India Limited in their meeting held today, i.e., August 13, 2026 inter-alia, consider...
2026-08-04UpdatesIn-principle approval under Regulation 28(1) of Securities and Exchange Board of India ( Listing Obligations and Disclosure Requirements ) Regulations...
2026-08-04General UpdatesVoting Result along with Scrutinizer Report w.r.t corrigendum to 1st Extraordinary General Meeting.
2026-07-31CorrigendumCorrigendum to Notice of Extra Ordinary General Meeting
2026-07-31Clarification - Financial ReThe Exchange has sought clarification from Bhagyanagar India Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (List...
2026-07-30Concall / analyst meetTranscript
2026-07-28Concall / analyst meetLink of Recording
2026-07-28Disclosure under SEBI TakeovDevendra Surana has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) and 31 (5) of the Securities and Exchange Board of India (Su...
2026-07-27Investor PresentationInvestor Presentation
2026-07-27Board meeting outcomeBhagyanagar India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
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.
Close to Close price movement greater than 200perc in previous 365 DaysClose to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 300perc in previous 365 Days

Quick answers

What is the market cap of Bhagyanagar India Ltd?

Bhagyanagar India Ltd (BHAGYANGR) has a market capitalisation of Rs 1,366 Cr. at the 2026-10-01 close.

What is the P/E ratio of Bhagyanagar India Ltd?

Bhagyanagar India Ltd trades at a P/E of 21.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Bhagyanagar India Ltd's latest quarterly results?

In the Jun 2026 quarter, Bhagyanagar India Ltd sales was Rs 705 Cr (+45.1% vs Jun 2025) and net profit was Rs 20 Cr.

What is the 52-week high and low of Bhagyanagar India Ltd?

The 52-week high is Rs 467.90 and the 52-week low is Rs 92.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03