Bhagyanagar India Ltd.

•

bhagyanagarindia.com / www.surana.comBSE: 512296NSE: BHAGYANGR

Market Cap₹ 1,371 Cr.

Current Price

High / Low₹ 432 / 88

Stock P/E21.8

Book Value₹ 99

Price to Book1.14

Dividend Yield0.00 %

ROCE9.2 %

ROE7.0 %

Face Value₹ 2

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2024 • Copper Products: 99.6% • Renewable Energy: 0.4%

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Company has delivered good profit growth of 68.3% CAGR over last 5 years
Latest quarter profit grew 167.4% YoY, showing strong momentum
Company has delivered good sales growth of 23.7% CAGR over last 5 years
Company has consistently been profitable over the last 5 years
Company converts assets efficiently - asset turnover of 3.7x

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
A large part of profit comes from other income (30.3% of PBT)
Promoter holding has decreased over last 2 years: -6.7pp
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.24x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningNon - Ferrous MetalsMetal - Non Ferrous

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	HINDZINC	606.00	15.00	256054.33	1.65	5469.00	144.81	13747.00	81.10	69.83	58.56
2.	HINDALCO	1025.00	14.05	230340.72	0.49	7013.00	75.15	84825.00	32.06	10.45	16.43
3.	VEDL	273.80	5.44	107066.43	12.42	7918.00	77.65	24205.00	-35.34	18.72	35.12
4.	HINDCOPPER	532.35	45.29	51479.52	0.54	352.37	162.47	936.50	81.36	39.44	54.17
5.	VOGL	36.26	0.00	14179.07	0.00	9450.00	—	25070.00	—	0.00	32.47
6.	GRAVITA	1697.80	31.97	12531.20	0.37	106.37	14.30	1475.06	41.84	17.18	7.44
7.	JAINREC	295.70	28.27	10204.19	0.00	69.41	22.79	2724.46	75.86	25.74	3.97
8.	CMRGREEN	217.30	22.41	4760.08	0.00	68.18	—	3122.73	91.98	13.41	4.33
9.	POCL	467.00	24.98	3562.19	0.43	358.80	42.58	9348.90	55.08	23.32	5.97
10.	ARDEE	53.39	19.87	1682.86	0.00	199.03	—	3388.11	—	49.04	9.90
11.	ONIXSOLAR	454.20	27.85	1674.54	0.00	208.97	—	945.10	—	32.85	29.74
12.	BHAGYANGR	409.40	21.82	1371.34	0.00	20.24	167.37	705.08	45.20	9.17	5.43

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	346	339	335	409	369	408	394	454	486	580	577	735	705
	340	332	326	401	362	400	384	443	469	555	549	698	679
Operating Profit	6	8	8	8	7	8	11	11	16	25	29	36	26
OPM %	1.78%	2.22%	2.49%	2.05%	1.83%	1.98%	2.75%	2.50%	3.33%	4.34%	4.95%	4.92%	3.73%
	43	1	0	1	1	3	1	2	3	1	1	1	1
Interest	3	3	4	3	3	4	5	5	7	9	10	10	10
Depreciation	1	1	2	2	2	2	2	2	2	2	2	2	2
Profit before Tax	44	3	4	5	2	5	5	6	10	15	18	24	27
Tax %	14.10%	23.55%	21.81%	49.38%	27.73%	23.41%	26.02%	24.17%	25.05%	25.61%	27.70%	24.53%	25.30%
Net Profit	0	0	0	0	2	4	4	5	8	11	13	18	20
	11.88	0.78	0.86	0.76	0.54	1.17	1.25	1.43	2.38	3.52	4.01	5.78	6.33

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	299	310	513	569	562	787	1,574	1,847	1,429	1,626	2,597
	290	296	500	550	547	769	1,543	1,812	1,399	1,589	2,481
Operating Profit	9	13	13	19	15	19	30	35	30	37	116
OPM %	2.95%	4.28%	2.46%	3.37%	2.66%	2.38%	1.92%	1.88%	2.13%	2.28%	4.48%
	7	3	12	1	1	0	1	1	45	6	3
Interest	8	6	4	8	10	8	12	15	13	17	39
Depreciation	6	5	4	4	5	6	6	6	7	7	8
Profit before Tax	2	5	17	9	1	5	13	14	56	19	85
Tax %	-14.51%	-3.66%	23.58%	26.27%	11.54%	33.34%	17.39%	30.04%	18.17%	24.94%	25.64%
Net Profit	3	5	13	6	1	3	11	10	46	14	63
EPS	0.00	0.00	0.00	0.00	0.00	1.09	3.46	3.17	14.29	4.38	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 19%
5 Years:: 24%
3 Years:: 1%

COMPOUNDED PROFIT GROWTH

10 Years:: 15%
5 Years:: 68%
3 Years:: 8%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 54%
3 Years:: 71%
1 Year:: 378%

RETURN ON EQUITY

10 Years:: 7%
5 Years:: 10%
3 Years:: 14%
Last Year:: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	13	6	6	6	6	6	6	6	6	6
Minority Interest	2	1	0	0	0	0	0	0	0	0
	208	97	109	116	117	120	131	141	187	201
	87	76	46	114	61	155	179	220	105	285
Trade Payables	7	2	2	4	10	16	26	39	21	17
	17	8	6	7	8	6	12	21	23	17
Total Liabilities	334	190	170	247	202	303	355	427	342	525
	206	72	63	77	81	81	77	80	77	80
Capital Work in Progress	1	0	0	0	0	0	0	0	0	0
	26	0	0	0	0	0	0	0	0	0
	33	51	37	98	57	86	105	145	83	157
	0	0	0	0	0	0	0	0	98	146
Cash & Bank	3	5	15	4	4	4	12	1	4	8
	65	62	54	67	60	133	162	201	80	133
Total Assets	334	190	170	247	202	303	355	427	342	525

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	25	-14	31	-46	49	-75	0	-35	96	-144
Cash from Investing	3	28	31	-17	-13	-2	-1	3	39	-10
Cash from Financing	-27	-13	-49	54	-35	77	14	27	-133	155
	-1	0	11	-11	1	-1	9	-9	3	2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
71.65	70.62	70.53	70.54	70.45	70.56	65.12	64.84	64.91
0.15	0.00	0.15	0.00	0.00	0.00	0.44	0.41	0.86
0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.20
0.28	0.28	0.28	0.28	0.28	0.28	0.00	0.00	0.00
27.92	29.10	29.05	29.18	29.27	29.16	34.44	34.75	34.03

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Copy of Newspaper Publication

2026-09-10 - Bhagyanagar India Limited has informed the Exchange about Intimation of Newspaper Advertisement Special Window for Transfer and Dematerialisation of Physical Securities

2026-09-08

Copy of Newspaper Publication

2026-09-08 - Bhagyanagar India Limited has informed the Exchange about Submission of copies of Newspaper Advertisement regarding the Notice of 41st Annual General Meeting (AGM), Book Closure and E-Voting Information.

2026-09-08

Copy of Newspaper Publication

2026-09-07

Scheme of Arrangement

2026-09-07 - we would like to inform that the Composite Scheme of Arrangement between Bhagyanagar Copper Private Limited (BCPL or Transferor Company) and Bhagyanagar India Limited (BIL or Transferee Company or Demerged Company) and Tieramet Limited (Tieramet or Resulting Company) and their respective Shareholders and Creditors has been approved by the Hon Ble National Company Law Tribunal, Hyderabad Bench ('NCLT') vide Order passed today, i.e, 07th September, 2026. A copy of the Order is attached herewith

2026-09-07

Shareholders meeting

2026-09-07 - Bhagyanagar India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 30, 2026

2026-09-02

Reply to Clarification- Financial results

2026-09-02 - The Exchange had sought clarification from Bhagyanagar India Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.

2026-08-28

Updates

2026-08-28 - Bhagyanagar India Limited has informed the Exchange regarding ' Listing Approval From BSE Limited & National Stock Exchange Of India Limited For 15,01,434 Equity Shares Of Rs 2/- Each Under Preferential Basis.'.Letter is hereby attached

2026-08-28

Copy of Newspaper Publication

2026-08-28 - Bhagyanagar India Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-27

General Updates

2026-08-27 - Notice 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 Video Conferencing / Other Audio Visual Means.

News

Recent coverage and analyst commentary for BHAGYANGR

Loading news…

🤖

AI Stock Analyst

Bhagyanagar India Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

HINDZINC

606.00

15.00

256054.33

1.65

5469.00

144.81

13747.00

81.10

69.83

58.56

HINDALCO

1025.00

14.05

230340.72

0.49

7013.00

75.15

84825.00

32.06

10.45

16.43

VEDL

273.80

5.44

107066.43

12.42

7918.00

77.65

24205.00

-35.34

18.72

35.12

HINDCOPPER

532.35

45.29

51479.52

0.54

352.37

162.47

936.50

81.36

39.44

54.17

VOGL

36.26

0.00

14179.07

0.00

9450.00

—

25070.00

—

0.00

32.47

GRAVITA

1697.80

31.97

12531.20

0.37

106.37

14.30

1475.06

41.84

17.18

7.44

JAINREC

295.70

28.27

10204.19

0.00

69.41

22.79

2724.46

75.86

25.74

3.97

CMRGREEN

217.30

22.41

4760.08

0.00

68.18

—

3122.73

91.98

13.41

4.33

POCL

467.00

24.98

3562.19

0.43

358.80

42.58

9348.90

55.08

23.32

5.97

ARDEE

53.39

19.87

1682.86

0.00

199.03

—

3388.11

—

49.04

9.90

ONIXSOLAR

454.20

27.85

1674.54

0.00

208.97

—

945.10

—

32.85

29.74

BHAGYANGR

409.40

21.82

1371.34

0.00

20.24

167.37

705.08

45.20

9.17

5.43

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

346

339

335

409

369

408

394

454

486

580

577

735

705

340

332

326

401

362

400

384

443

469

555

549

698

679

Operating Profit

OPM %

1.78%

2.22%

2.49%

2.05%

1.83%

1.98%

2.75%

2.50%

3.33%

4.34%

4.95%

4.92%

3.73%

Interest

Depreciation

Profit before Tax

Tax %

14.10%

23.55%

21.81%

49.38%

27.73%

23.41%

26.02%

24.17%

25.05%

25.61%

27.70%

24.53%

25.30%

Net Profit

11.88

0.78

0.86

0.76

0.54

1.17

1.25

1.43

2.38

3.52

4.01

5.78

6.33

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

299

310

513

569

562

787

1,574

1,847

1,429

1,626

2,597

290

296

500

550

547

769

1,543

1,812

1,399

1,589

2,481

Operating Profit

116

OPM %

2.95%

4.28%

2.46%

3.37%

2.66%

2.38%

1.92%

1.88%

2.13%

2.28%

4.48%

Interest

Depreciation

Profit before Tax

Tax %

-14.51%

-3.66%

23.58%

26.27%

11.54%

33.34%

17.39%

30.04%

18.17%

24.94%

25.64%

Net Profit

EPS

0.00

1.09

3.46

3.17

14.29

4.38

—

Dividend Payout %

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Minority Interest

208

109

116

117

120

131

141

187

201

114

155

179

220

105

285

Trade Payables

Total Liabilities

334

190

170

247

202

303

355

427

342

525

206

Capital Work in Progress

105

145

157

146

Cash & Bank

133

162

201

133

Total Assets

334

190

170

247

202

303

355

427

342

525

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-14

-46

-75

-35

-144

Cash from Investing

-17

-13

-2

-1

-10

Cash from Financing

-27

-13

-49

-35

-133

155

-1

-11

-1

-9

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

71.65

70.62

70.53

70.54

70.45

70.56

65.12

64.84

64.91

0.15

0.00

0.15

0.00

0.44

0.41

0.86

0.00

0.20

0.28

0.00

27.92

29.10

29.05

29.18

29.27

29.16

34.44

34.75

34.03

Bhagyanagar India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Bhagyanagar India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI