Is Bhagyanagar India a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bhagyanagar India Ltd is a below average quality company .

Is Bhagyanagar India undervalued or overvalued?

The key valuation ratios of Bhagyanagar India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Bhagyanagar India share price return in the past 10 years?

Bhagyanagar India Ltd share price has appreciated 18.9% annually (CAGR) over the past ten years.

Is Bhagyanagar India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Bhagyanagar India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Bhagyanagar India Ltd - Stock Valuation and Financial Performance

Name: Bhagyanagar India
Brand: Bhagyanagar India

BSE: 512296 | NSE: BHAGYANGR | Metal - Non Ferrous | Small Cap

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Bhagyanagar India Share Price

₹98 -3.95 -3.87%
as on 20-Dec'24 16:59

10 Year X-Ray of Bhagyanagar India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	3.4%	3.2%	4.6%	12.2%	8.5%	4.3%	4.3%	6%	7%	24%	-
Value Creation Index ⓘ	-0.8	-0.8	-0.7	-0.1	-0.4	-0.7	-0.7	-0.6	-0.5	0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	262	296	305	513	569	504	506	1,091	1,387	726	220
Sales YoY Gr.	-	12.9%	3.2%	68%	11%	-11.4%	0.3%	115.7%	27.2%	-47.6%	-
Adj EPS ⓘ	0.8	0.6	2.1	2	2.4	0.3	0.3	1.3	1.9	3	0.4
YoY Gr.	-	-21.5%	243.6%	-6.1%	20%	-86.3%	-9.1%	323.3%	49.6%	55.8%	-
BVPS (₹) ⓘ	32.6	33.1	32.2	36.2	38.2	38.5	38.9	40.2	42.1	54.4	54.6
Adj Net Profit ⓘ	5.1	4	6.8	6.4	7.7	1.1	1	4.1	6.1	9.5	1
Cash Flow from Ops. ⓘ	-23.1	20.4	-16.4	28.7	-41.9	60.3	-44.5	-14.9	-17.4	180	-
Debt/CF from Ops. ⓘ	-5.1	4.7	-4.5	1.6	-2.5	0.6	-2.3	-6.8	-6.7	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	12%	5%	12.8%	-47.6%
Adj EPS ⓘ	15.8%	4.3%	114.5%	55.8%
BVPSⓘ	5.9%	7.3%	11.9%	29.2%
Share Price	18.9%	39.1%	31.2%	10.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	2.4	1.9	4.3	5.9	6.5	0.9	0.8	3.2	4.6	6.1	0.7
Op. Profit Mgn % ⓘ	4	3.5	3.6	2.5	3.7	1.9	1.9	1.3	1.4	1.4	2.6
Net Profit Mgn % ⓘ	1.9	1.4	2.2	1.3	1.4	0.2	0.2	0.4	0.4	1.3	0.6
Debt to Equity ⓘ	0.6	0.5	0.7	0.4	0.9	0.3	0.8	0.8	0.9	0	0
Working Cap Days ⓘ	254	238	186	75	59	75	86	53	58	92	184
Cash Conv. Cycle ⓘ	71	71	75	51	46	57	60	36	39	41	-26

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.83%

Net Profit is growing at healthy rate in last 3 years 114.48%

Return on Equity has declined versus last 3 years average to 0.70%

Sales growth is not so good in last 4 quarters at -81.27%

Latest Financials - Bhagyanagar India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.4	3.3
TTM Sales (₹ Cr.)	220	1,522
BVPS (₹.) ⓘ	54.6	62.1
Reserves (₹ Cr.) ⓘ	168	192
P/BV ⓘ	1.80	1.58
PE ⓘ	256.80	29.41

From the Market
52 Week Low / High (₹)	77.00 / 128.95
All Time Low / High (₹)	1.20 / 128.95
Market Cap (₹ Cr.)	314
Equity (₹ Cr.)	6.4
Face Value (₹)	2
Industry PE ⓘ	17.5

Management X-Ray of Bhagyanagar India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Bhagyanagar India

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Price to Earnings

Enterprise Value to EBIT

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Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Bhagyanagar India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	262	296	305	513	569	504	506	1,091	1,387	726
Operating Expenses ⓘ	254	289	295	500	550	495	496	1,076	1,368	716
Manufacturing Costs	12	14	14	20	26	26	20	31	56	39
Material Costs	217	245	254	401	508	458	466	1,033	1,297	666
Employee Cost	5	5	5	6	6	5	4	7	8	5
Other Costs ⓘ	21	25	22	73	10	6	5	6	8	6
Operating Profit ⓘ	8	6	10	13	19	9	9	15	19	10
Operating Profit Margin (%)	3.1%	2.2%	3.2%	2.5%	3.4%	1.9%	1.8%	1.3%	1.3%	1.4%
Other Income ⓘ	10	11	9	12	1	2	3	3	2	45
Interest ⓘ	8	8	6	4	8	7	6	7	9	5
Depreciation ⓘ	5	5	3	4	4	4	4	4	4	3
Exceptional Items ⓘ	-2	-2	-4	0	0	0	0	0	0	0
Profit Before Tax ⓘ	2	2	5	17	9	1	3	7	8	47
Tax ⓘ	0	0	0	4	2	0	2	2	2	7
Profit After Tax	2	2	5	13	6	1	1	4	6	39
PAT Margin (%)	0.8%	0.7%	1.6%	2.5%	1.1%	0.2%	0.2%	0.4%	0.4%	5.4%
Adjusted EPS (₹)	0.3	0.3	1.5	4.0	2.0	0.3	0.3	1.4	1.9	12.3
Dividend Payout Ratio (%)	94%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	209	212	103	116	122	123	124	129	135	174
Share Capital ⓘ	13	13	6	6	6	6	6	6	6	6
Reserves ⓘ	196	199	96	109	116	117	118	122	128	168
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	104	80	67	34	87	38	101	99	116	0
Long Term Debt	63	51	27	16	1	1	5	21	30	0
Short Term Debt	41	30	40	18	86	37	96	78	86	0
Trade Payables	1	6	2	2	4	8	8	21	29	0
Others Liabilities ⓘ	18	19	17	18	23	3	5	8	19	14
Total Liabilities ⓘ	332	318	188	170	236	172	238	257	299	188
Fixed Assets
Gross Block	132	134	105	107	108	109	110	110	111	68
Accumulated Depreciation	53	56	55	58	61	65	68	72	75	43
Net Fixed Assetsⓘ	79	78	49	49	47	45	42	38	36	25
CWIP ⓘ	1	0	0	0	0	0	0	0	0	0
Investmentsⓘ	27	26	1	15	20	20	20	20	20	36
Inventories	42	33	51	37	96	43	71	83	89	0
Trade Receivables	30	29	33	35	38	42	57	73	103	1
Cash Equivalents	8	3	5	15	4	4	3	1	1	1
Others Assetsⓘ	144	147	48	19	32	19	46	41	49	124
Total Assets ⓘ	332	318	188	170	236	172	238	257	299	188

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-23	20	-16	29	-42	60	-45	-15	-17	180
PBT ⓘ	2	2	5	17	9	1	3	7	8	47
Adjustment ⓘ	6	5	2	-3	11	8	7	8	11	-36
Changes in Working Capital ⓘ	-32	15	-23	18	-60	51	-54	-26	-33	177
Tax Paid ⓘ	1	-1	-1	-3	-2	0	0	-3	-3	-7
Cash Flow From Investing Activity ⓘ	5	7	28	18	-15	-4	-14	21	9	-64
Capex	-2	-2	-1	10	-2	-1	-1	0	-1	50
Net Investments	-1	4	22	-17	-5	0	0	0	0	0
Others ⓘ	7	5	7	25	-8	-3	-13	21	11	-114
Cash Flow From Financing Activityⓘ	12	-28	-11	-36	46	-55	57	-7	8	-115
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-8	-8	-6	-4	-8	-7	-6	-7	-9	-5
Dividend Paid ⓘ	-2	-2	0	0	0	0	0	0	0	0
Others ⓘ	23	-18	-5	-32	54	-48	63	0	17	-109
Net Cash Flow ⓘ	-7	-1	0	11	-11	1	-1	0	0	1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	0.98	0.96	3.08	11.77	5.46	0.9	0.79	3.46	4.63	25.47
ROCE (%)	3.36	3.19	4.58	12.19	8.46	4.26	4.26	5.96	6.97	23.99
Asset Turnover Ratio	0.88	1.01	1.33	3.03	3.88	3.19	2.88	5.17	4.99	2.99
PAT to CFO Conversion(x)	-11.5	10	-3.2	2.23	-7	60	-45	-3.75	-2.83	4.62
Working Capital Days
Receivable Days	39	33	34	23	17	22	30	19	23	26
Inventory Days	34	42	46	30	31	39	35	22	23	0
Payable Days	3	5	6	2	2	5	6	5	7	0

Bhagyanagar India Ltd Stock News

Bhagyanagar India Ltd FAQs

What is the share price of Bhagyanagar India?

Company share prices are keep on changing according to the market conditions. The closing price of Bhagyanagar India on 20-Dec-2024 16:59 is ₹98.00.

What is the market cap of Bhagyanagar India?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Bhagyanagar India stood at ₹313.6.

What is the P/E ratio of Bhagyanagar India?

The latest P/E ratio of Bhagyanagar India as of 20-Dec-2024 16:59 is 256.8.

What is the P/B ratio of Bhagyanagar India?

The latest P/B ratio of Bhagyanagar India as of 20-Dec-2024 16:59 is 1.80.

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

The 52-week high of Bhagyanagar India is ₹128.9 and the 52-week low is ₹77.00.

What is the TTM revenue of Bhagyanagar India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bhagyanagar India is ₹220.0 ( Cr.) .

About Bhagyanagar India Ltd

Bhagyanagar India, part of the Surana Group, was incorporated in 1985 with the main object of carrying on the business in ferrous and non-ferrous metals. It commenced its business by acquiring a copper rod unit (India Extrusion) in 1985. In 1990 it took over Gangappa Cables for expansion of its business activities. In 1994-95 it started manufacturing jelly-filled telephone cables. In 1998-99, it acquired Harinam wires --- engaged in manufacturing of copper allied products.

Keeping in phase with potential growth and the high competition for telecom products, the company has established an additional unit at Goa for manufacture of jelly-filled cables. The major clientele for these cables are Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL). The company is also supplying its products to railways, defence and other public / private sector organizations.

Over the years, the company has expanded its activities by acquisitions, mergers, diversification, etc. Since inception it has ventured into manufacture of range of copper products such as copper coils, strips, sheets, flat pipes apart from PIJF cables of various sizes, polyethylene compound and auto annealing components, catering to the requirements of reputed automobile companies like Maruti, Hyundai, Telco, Ashok Leyland, Mahindra, etc.

The company has made a giant stride into real estate, infrastructure and wind power generation segments with an installed capacity of 9 MW in the state of Karnataka.

Business area of the company

The company is presently engaged in the manufacture of copper rods, copper foils, copper pipes, copper sheets, annealed bare copper strips, paper insulated copper conductors and insulated copper coils (field coils). The products of the company are mainly used in telecommunication, power and distribution, transformer, heat exchangers, switchgear and low range transformers, solar panels and auto ancillary sectors. The company is major supplier to Lucas TVS, MICO and many other leading original equipment manufacturers (OEMs).

Divisions

Copper: One of the core areas of the companyâ€™s business is manufacture of copper products. The copper division of the company caters to the needs of various OEMs and auto component industry. The company has an installed capacity of 15000 MT in the copper product division.
Real Estate: In the year 2002 anticipating the boom in real estate and infrastructure sector, the company started to invest the surplus liquidity from its core business in acquiring real estate properties and infrastructure related projects including construction of IT parks and housing projects with a long-term view to become an infrastructure player.
Non Conventional Energy: During the year 2006-07, the company forayed into the non conventional energy sector with a wind power project with an installed capacity of 9 MW at Kapatigudda, Karnataka. The phase-I of the project was commissioned in September 2006 and the phase-II of the project was commissioned in March 2006. This project is eligible foe carbon credits and also for taxation benefits under Section 80I (A) of the Income Tax Act.
Jelly Filled Cables: The company started this division in the year 1993-94 and set up the plant for the first time in the country without any foreign collaboration. The company has a manufacturing facility at Goa and manufactures cables from the range of 5 pairs to 800 pairs. The latest technology and testing facilities have led to the units being recognized and approved by BSNL, MTNL, Indian Railways (IR) and other private telecom Service providers.

Group Companies