Bhagyanagar India Ltd

Q4 FY26Non - Ferrous Metals

Bhagyanagar India Ltd Q4 FY26 Results & Concall Highlights: Capex ₹40 Cr

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹394

Market cap₹1.2K Cr

P/E18.6

Published14 Jun 2026

The short version

Bhagyanagar India Ltd targets a 20-25% CAGR in sales over the next 3-4 years, aiming to double turnover to ₹5,000 crores by 2029-30. Targeting a 25% CAGR in top-line growth over the next 3 to 4 years, aiming to double turnover to ₹5,000 crore by 2030.

From Bhagyanagar India Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Bhagyanagar India Ltd targets a 20-25% CAGR in sales over the next 3-4 years, aiming to double turnover to ₹5,000 crores by 2029-30.
FY27 volume growth is expected at around 20%, with value growth depending on market conditions.
Price growth is conservatively estimated at 5% year-on-year for copper prices.
Revenue growth will be mainly volume-driven with some contribution from price hikes.
The company expects Q1 volumes in FY27 to be slightly lower than Q4 FY26 but still about 40% higher than Q1 of the previous year.
Expansion plans include capacity increase from 30,000 to 35,000 metric tonnes, with further capacity growth planned.
New product lines for AI data centers and recycling verticals (aluminium and plastic) expected to contribute to growth.
Fundraising of approximately ₹150 crores is planned within the financial year to support growth.

Profitability & Margins

Targeting a 25% CAGR in top-line growth over the next 3 to 4 years, aiming to double turnover to ₹5,000 crore by 2030.
Expected volume growth of 15-20% annually, combined with a conservative 5% year-on-year increase in copper prices.
EBITDA margin targeted to be maintained at around 5%, translating to approximately ₹62 per kg EBITDA.
PAT has grown significantly, with recent quarters showing PAT margins of 2.2% to 2.5%.
Operational cash flow positive with borrowings expected to increase with turnover but decrease as a percentage.
New products like silver and tin-coated bus bars for data centers expected to yield about 10% EBITDA margins.
Company expects sustainable EBITDA per tonne aligned with copper price growth, with no sharp increase beyond price inflation.
Working capital days planned to slightly reduce by 2-3 days as volume grows, improving operational efficiency.

See what Bhagyanagar India Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Proposed capex of approximately ₹40 crores over the next 2 years focused on capacity expansion and new ventures.
₹10 crores allocated specifically for a plastic recycling project to process cable waste into granules and ingots.
Investment in new heat recovery systems to increase fuel efficiency and decrease cycle times on furnaces, going live this year.
Capacity increased from 30,000 to 35,000 metric tonnes in March 2026, with plans for further increases.
Expansion into new products such as silver and tin-coated bus bars for AI data centers and exports.
Post demerger, active consideration for real estate development on 4.5 acres in Upal, Hyderabad under a new government policy, with project initiation expected within 15 days to 6 months.
Exploring options for joint development or direct development of some real estate parcels after the company demerges.

Fundraising & Capital Structure

The company is looking at a fundraise of roughly about ₹150 crores but has not yet finalized the proposal or modalities.
They aim to complete this fundraising within the current financial year (FY27).
The mode (debt or equity) and other details of the fundraise have not been decided yet.
Working capital borrowings are expected to increase with turnover but not in the same proportion; borrowings as a percentage will reduce over time.
The company has reduced borrowings recently and is operational cash flow positive.
No immediate plans for raising funds beyond the mentioned ₹150 crores are disclosed.

See what Bhagyanagar India Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not provide specific details on the current or expected order book or pending orders for Bhaghyanagar India Limited.
However, the company expressed confidence in volume growth despite supply chain challenges in Q1, expecting volumes to be higher than Q1 of the previous year (40% higher than 485 crores).
Emphasis is on maintaining strong EBITDA margins (~5%) and doubling turnover to 5,000 crore in 3-4 years with a CAGR of 20-25%.
They highlighted strong demand from sectors like EV, automotive, power electrification, and renewables, indicating a healthy pipeline.
No explicit quantified order book or pending order data was disclosed on page 23 or surrounding pages.

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Bhagyanagar India Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹735 Cr, net profit ₹18 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Bhagyanagar India Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Bhagyanagar India Ltd Q4 FY26 results?

What is Bhagyanagar India Ltd share price analysis?

Bhagyanagar India Ltd currently shows a neutral. The stock trades at a P/E of 18.6 with a market cap of ₹1,166 Cr. Investors should review the full earnings analysis for detailed insights.

Is Bhagyanagar India Ltd planning capital expenditure?

Proposed capex of approximately ₹40 crores over the next 2 years focused on capacity expansion and new ventures.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.