BHAGYANGR

Bhagyanagar India Limited

Copper recycler producing bus bars, CTC wire and transformer windings

Commodities›Metals & Mining›Non - Ferrous Metals›Copper

bhagyanagarindia.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹55.30
Market cap
185 Cr
Stock P/E
2.8
P/B
0.69
ROE (FY26)
19.5%
ROCE (FY26)
20.0%
Operating margin (FY26)
4.2%
Debt / equity (FY26)
1.01
OCF / EBITDA (FY26)
55.6%
OCF / EBITDA (3Y)
6.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Bhagyanagar India makes copper products for industrial customers, mainly bus bars, products for motor and transformer makers, and components for auto and switchgear makers, plus commodity copper products, from two plants in Hyderabad.

Company snapshot

2ndBy market cap

Ranked among 2 companies in Copper.

Segment mix

Reportable segments as of 2024-03-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 99.5% of revenue

SegmentRevenue shareRevenuePBTAssets
Copper Division
99.5%
1,424 Cr28 Cr—
Others
0.1%
1 Cr0.58 Cr—
Renewable Energy-wind
0.4%
5 Cr2 Cr—

What we see

Positives
  • ✓Return on equity of 19.5% — the company generates strong returns on shareholders' money.
Concerns
  • ✗Net margin is very thin at 2.1% — little room for error if costs rise.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales340 Cr335 Cr410 Cr369 Cr408 Cr394 Cr454 Cr486 Cr580 Cr577 Cr735 Cr705 Cr
Operating expenses (approx.)332 Cr326 Cr401 Cr362 Cr400 Cr384 Cr443 Cr469 Cr555 Cr549 Cr698 Cr667 Cr
EBITDA8 Cr9 Cr9 Cr7 Cr8 Cr11 Cr11 Cr16 Cr25 Cr29 Cr36 Cr38 Cr
OPM %2.3%2.6%2.2%1.8%2.0%2.7%2.5%3.3%4.3%5.0%4.9%5.4%
Other income0.24 Cr0.09 Cr1 Cr0.53 Cr3 Cr0.90 Cr2 Cr3 Cr0.65 Cr0.55 Cr0.54 Cr0.79 Cr
Interest3 Cr4 Cr3 Cr3 Cr4 Cr5 Cr5 Cr7 Cr9 Cr10 Cr10 Cr10 Cr
Depreciation1 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr
Profit before tax3 Cr4 Cr5 Cr2 Cr5 Cr5 Cr6 Cr10 Cr15 Cr18 Cr24 Cr27 Cr
Tax %23.4%21.7%49.3%27.6%23.5%26.0%24.2%25.0%25.6%27.7%24.5%25.3%
Net profit3 Cr3 Cr2 Cr2 Cr4 Cr4 Cr5 Cr8 Cr11 Cr13 Cr18 Cr20 Cr
EPS (₹)₹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 (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales297 Cr447 Cr569 Cr562 Cr787 Cr1,574 Cr1,847 Cr1,431 Cr1,626 Cr2,378 CrSign in free for the trailing twelve months
Operating expenses (approx.)283 Cr434 Cr550 Cr547 Cr769 Cr1,543 Cr1,812 Cr1,399 Cr1,589 Cr2,272 CrSign in free for the trailing twelve months
EBITDA14 Cr13 Cr19 Cr15 Cr18 Cr30 Cr35 Cr32 Cr37 Cr106 CrSign in free for the trailing twelve months
OPM %4.8%2.8%3.4%2.7%2.3%1.9%1.9%2.2%2.3%4.5%Sign in free for the trailing twelve months
Other income7 Cr12 Cr0.97 Cr0.91 Cr0.76 Cr0.78 Cr0.93 Cr44 Cr6 Cr5 CrSign in free for the trailing twelve months
Interest6 Cr4 Cr8 Cr10 Cr8 Cr12 Cr15 Cr13 Cr17 Cr36 CrSign in free for the trailing twelve months
Depreciation5 Cr4 Cr4 Cr5 Cr6 Cr6 Cr6 Cr7 Cr7 Cr7 CrSign in free for the trailing twelve months
Profit before tax5 Cr17 Cr9 Cr1 Cr5 Cr13 Cr14 Cr56 Cr19 Cr68 CrSign in free for the trailing twelve months
Tax %-3.7%23.6%26.3%11.5%33.3%17.4%30.0%18.2%24.9%25.7%Sign in free for the trailing twelve months
Net profit5 Cr13 Cr6 Cr1 Cr3 Cr11 Cr10 Cr46 Cr14 Cr50 CrSign in free for the trailing twelve months
EPS (₹)₹1.67₹3.97₹1.98₹0.32₹1.09₹3.46₹3.17₹14.29₹4.38₹15.68Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%-0.3%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr
Reserves97 Cr109 Cr116 Cr117 Cr120 Cr131 Cr141 Cr187 Cr201 Cr251 Cr
Borrowings69 Cr34 Cr96 Cr61 Cr155 Cr179 Cr220 Cr101 Cr275 Cr259 Cr
Other liabilities20 Cr17 Cr24 Cr19 Cr21 Cr35 Cr56 Cr39 Cr38 Cr118 Cr
Total liabilities193 Cr166 Cr241 Cr203 Cr302 Cr351 Cr424 Cr334 Cr521 Cr635 Cr
Fixed assets (net)72 Cr63 Cr77 Cr81 Cr81 Cr77 Cr80 Cr77 Cr80 Cr84 Cr
CWIP—0.25 Cr————0.14 Cr—0 Cr0 Cr
Investments0.10 Cr0.03 Cr0.03 Cr0.02 Cr0.02 Cr0.02 Cr0.02 Cr0.02 Cr0.12 Cr0.10 Cr
Loans & advances——————0 Cr0 Cr0 Cr0.16 Cr
Inventories51 Cr37 Cr98 Cr57 Cr86 Cr105 Cr145 Cr83 Cr157 Cr230 Cr
Trade receivables36 Cr35 Cr38 Cr47 Cr89 Cr98 Cr121 Cr98 Cr146 Cr200 Cr
Cash & bank5 Cr15 Cr4 Cr4 Cr0.32 Cr9 Cr0.09 Cr3 Cr5 Cr0.11 Cr
Other assets28 Cr16 Cr24 Cr14 Cr47 Cr63 Cr79 Cr72 Cr132 Cr120 Cr
Total assets193 Cr166 Cr241 Cr203 Cr302 Cr351 Cr424 Cr334 Cr521 Cr635 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-14 Cr28 Cr-48 Cr49 Cr-76 Cr-4 Cr-40 Cr96 Cr-144 Cr59 Cr
Cash from investing28 Cr31 Cr-17 Cr-13 Cr-2 Cr-0.83 Cr3 Cr39 Cr-10 Cr-5 Cr
Cash from financing-13 Cr-49 Cr54 Cr-35 Cr77 Cr14 Cr27 Cr-133 Cr155 Cr-59 Cr
Net cash flow0.43 Cr11 Cr-11 Cr0.77 Cr-0.91 Cr9 Cr-9 Cr3 Cr2 Cr-5 Cr
Free cash flow (OCF − Capex)-15 Cr24 Cr-66 Cr34 Cr-76 Cr-4 Cr-40 Cr96 Cr-155 Cr45 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.5%13.7%7.5%5.8%4.8%8.0%8.1%23.6%7.4%20.0%
ROE %4.9%11.0%5.2%0.8%2.8%8.1%6.9%23.6%6.8%19.5%
Debtor days45282431412324253331
Inventory days74346942422630243838
Days payable3238868645
Cash conversion cycle116609065754246436764
OCF / EBITDA %-99.8%n.m.-250.1%n.m.n.m.n.m.n.m.n.m.n.m.55.6%
OCF / EBITDA % (3 years)——-74.6%n.m.n.m.n.m.n.m.n.m.n.m.6.6%
Debt / equity0.670.290.790.501.221.301.490.521.331.01
Current ratio1.942.901.472.021.551.641.573.181.981.67
Net debt / EBITDA4.411.504.77———6.343.077.302.44