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Swing Capital

Bhagyanagar India Ltd

NSE: BHAGYANGR BSE: 512296Metal

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.

₹302
52W: ₹70.2 — ₹352
PE 436 · Book ₹55.6 · +443% vs book
Market Cap₹965 Cr
Stock P/E436Price to Earnings
ROCE2.02%Return on Capital
ROE1.25%Return on Equity
Div. Yield0%Face Value ₹2

Strengths

  • +Company is almost debt free.

Weaknesses

  • −Stock is trading at 5.43 times its book value
  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −The company has delivered a poor sales growth of -59.0% over past five years.
  • −Company has a low return on equity of 1.20% over last 3 years.
  • −Earnings include an other income of Rs.4.99 Cr.
  • −Debtor days have increased from 45.9 to 75.1 days.
  • −Promoter holding has decreased over last 3 years: -9.82%

Shareholding Pattern

Promoters64.84%
FIIs0.41%
DIIs0%
Public34.74%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters71.65%70.62%▼1.070.53%▼0.170.54%▲0.070.44%▼0.170.57%▲0.165.12%▼5.464.84%▼0.3
FIIs0.15%0%▼0.10.15%▲0.10%▼0.10%0%0.44%▲0.40.41%▼0.0
DIIs0%0%0%0%0%0%0%0%
Public27.92%29.1%▲1.229.05%▼0.129.19%▲0.129.26%▲0.129.17%▼0.134.44%▲5.334.74%▲0.3

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales214.380.521.412.730.390.751.852.450.90.67
Expenses210.280.781.22.040.60.693.230.840.750.11
Operating Profit4.1-0.260.210.69-0.210.06-1.381.610.150.56
OPM %1.91%-50%14.89%25.27%-53.85%8%-74.59%65.71%16.67%83.58%
Net Profit0.750.040.020.40.10.940.831.230.030.12
EPS ₹0.230.010.010.130.030.290.260.380.010.04

AI Insights

Revenue Trend

Mar 2026 revenue at ₹5.88Cr, up 12.2% YoY. OPM at 15.99%.

Debt Position

Borrowings at ₹0.75Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Institutional Flow

DIIs: 0% (-0.49pp change). FIIs: 0.41% (+0.41pp change). Promoters hold 64.84%.

Margin & Efficiency

ROCE declining from 3.35% (Mar 2015) to 2.02% (Mar 2026). Working capital days: -266.92.

Valuation

PE 436x with 2.02% ROCE. Price is 443% above book value of ₹55.6. Dividend yield: 0%.

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