Bhagyanagar India Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹286 Cr
- P/E
- 4.57
- ROE
- 20.21%
- PEG
- 0.04
- Price to sales
- 0.07
- Debt to equity
- 1.01
- 52W high / low
- ₹455 / ₹41.4
- Sales growth (5Y)
- 24.74%
- EBITDA margin
- 4.94%
- Net profit margin
- 1.98%
- Promoter holding
- 65.80%
- Sales (last year)
- ₹2,597 Cr
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.
Guidance scorecard · Q1 FY27 call
What Bhagyanagar India Ltd's management guided
and where it ranks in Non - Ferrous Metals
RevenueQ4 FY26 call
20–40%- 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.
2 more points from Bhagyanagar India Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Bhagyanagar India Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- 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.
2 more points from Bhagyanagar India Ltd's call on capex
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FundraisingQ4 FY26 call
PlannedSee what Bhagyanagar India Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
- 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.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Non - Ferrous Metals
on management's own guidance
- Hindustan Zinc LtdGood growth2
- Dec.Gold MinesGood growth1
- Hindalco Inds.Good growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Non - Ferrous Metals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Dec.Gold Mines | 20–40% | Up 0–2% | ₹3,781 Cr | — |
| 2 | Hindustan Zinc Ltd | 20–40% | Flat | ₹2.18L Cr | 12.9 |
| 3 | Hindalco Inds. | 20–40% | Flat | ₹2.04L Cr | 9.8 |
| 4 | 20–40% | Flat | ₹59,553 Cr | 8.8 | |
| 5 | 20–40% | Flat | ₹611 Cr | 22.9 | |
| 6 | 10–20% | Up 2%+ | ₹1,249 Cr | 28.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Non - Ferrous Metals rankingBhagyanagar India Ltd announcements
All announcements →- Fundraise / allotmentNotableTieramet Limited allots 3,34,96,434 shares to Bhagyanagar India shareholders
- Fundraise / allotmentNotableBhagyanagar India: Oct 8, 2026 record date for Tieramet shares under scheme
- Fundraise / allotmentNotableBhagyanagar India Limited sets record date for equity share allotment on Oct 8, 2026
- Acquisition / mergerNotableNCLT approves Bhagyanagar India demerger of copper business into Tieramet Ltd
Financials of Bhagyanagar India Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Bhagyanagar India Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 663 | 346 | 340 | 335 | 409 | 369 | 408 | 394 | 454 | 486 | 580 | 577 | 735 |
| Expenses + | 648 | 340 | 332 | 326 | 401 | 362 | 400 | 384 | 443 | 469 | 555 | 549 | 698 |
| Operating Profit | 15 | 6 | 8 | 8 | 8 | 7 | 8 | 11 | 11 | 16 | 25 | 29 | 36 |
| OPM % | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 3% | 2% | 3% | 4% | 5% | 5% |
| Other Income + | 1 | 43 | 0 | 0 | 1 | 1 | 3 | 1 | 2 | 3 | 1 | 1 | 1 |
| Interest | 5 | 3 | 3 | 4 | 3 | 3 | 4 | 5 | 5 | 7 | 9 | 10 | 10 |
| Depreciation | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 8 | 44 | 3 | 4 | 5 | 2 | 5 | 5 | 6 | 10 | 15 | 18 | 24 |
| Tax % | 30% | 14% | 23% | 22% | 49% | 27% | 23% | 26% | 24% | 25% | 26% | 28% | 25% |
| Net Profit + | 6 | 38 | 3 | 3 | 2 | 2 | 4 | 4 | 5 | 8 | 11 | 13 | 18 |
| EPS in Rs | 1.81 | 11.88 | 0.78 | 0.86 | 0.76 | 0.54 | 1.17 | 1.25 | 1.43 | 2.37 | 3.52 | 4.01 | 5.78 |
Financials of Bhagyanagar India Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 279 | 299 | 310 | 513 | 569 | 562 | 787 | 1,574 | 1,847 | 1,429 | 1,626 | 2,378 |
| Expenses + | 269 | 290 | 295 | 500 | 550 | 547 | 769 | 1,543 | 1,812 | 1,399 | 1,589 | 2,272 |
| Operating Profit | 10 | 9 | 14 | 13 | 19 | 15 | 19 | 30 | 35 | 30 | 37 | 106 |
| OPM % | 3% | 3% | 5% | 2% | 3% | 3% | 2% | 2% | 2% | 2% | 2% | 4% |
| Other Income + | 7 | 7 | 2 | 12 | 1 | 1 | 0 | 1 | 1 | 45 | 6 | 5 |
| Interest | 8 | 8 | 6 | 4 | 8 | 10 | 8 | 12 | 15 | 13 | 17 | 36 |
| Depreciation | 6 | 6 | 5 | 4 | 4 | 5 | 6 | 6 | 6 | 7 | 7 | 7 |
| Profit before tax | 2 | 2 | 5 | 17 | 9 | 1 | 5 | 13 | 14 | 56 | 19 | 68 |
| Tax % | -20% | -14% | -3% | 24% | 26% | 12% | 33% | 17% | 30% | 18% | 25% | 26% |
| Net Profit + | 3 | 3 | 5 | 13 | 6 | 1 | 3 | 11 | 10 | 46 | 14 | 50 |
| EPS in Rs | 0.54 | 0.39 | 1.68 | 3.97 | 1.98 | 0.33 | 1.09 | 3.46 | 3.17 | 14.29 | 4.38 | 15.68 |
| Dividend Payout % | 56% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Bhagyanagar India Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 207 | 208 | 97 | 109 | 116 | 117 | 120 | 131 | 141 | 187 | 201 | 251 |
| Borrowings + | 123 | 102 | 76 | 46 | 114 | 66 | 155 | 179 | 220 | 101 | 275 | 259 |
| Other Liabilities + | 8 | 13 | 14 | 5 | 6 | 14 | 21 | 35 | 56 | 39 | 38 | 118 |
| Total Liabilities | 351 | 336 | 193 | 166 | 241 | 203 | 302 | 351 | 424 | 334 | 521 | 635 |
| Fixed Assets + | 206 | 206 | 72 | 63 | 77 | 81 | 81 | 77 | 80 | 77 | 80 | 84 |
| CWIP | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 29 | 26 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 115 | 104 | 121 | 103 | 164 | 122 | 221 | 275 | 344 | 256 | 440 | 551 |
| Total Assets | 351 | 336 | 193 | 166 | 241 | 203 | 302 | 351 | 424 | 334 | 521 | 635 |
Financials of Bhagyanagar India Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -17 | 23 | -14 | 28 | -48 | 49 | -76 | -4 | -40 | 96 | -144 | 59 |
| Cash from Investing Activity + | -2 | 3 | 28 | 31 | -17 | -13 | -2 | -1 | 3 | 39 | -10 | -5 |
| Cash from Financing Activity + | 12 | -27 | -13 | -49 | 54 | -35 | 77 | 14 | 27 | -133 | 155 | -59 |
| Net Cash Flow | -7 | -1 | 0 | 11 | -11 | 1 | -1 | 9 | -9 | 3 | 2 | -5 |
| Free Cash Flow | -21 | 20 | -15 | 34 | -66 | 34 | -81 | -5 | -49 | 135 | -150 | 50 |
| CFO/OP | -181% | 276% | -95% | 242% | -240% | 328% | -399% | 2% | -102% | 345% | -380% | 70% |
Financials of Bhagyanagar India Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 42 | 38 | 43 | 25 | 24 | 31 | 41 | 23 | 24 | 25 | 33 | 31 |
| Inventory Days | 67 | 50 | 73 | 34 | 70 | 42 | 43 | 26 | 31 | 39 | ||
| Days Payable | 2 | 10 | 3 | 2 | 3 | 8 | 8 | 6 | 8 | 5 | ||
| Cash Conversion Cycle | 106 | 78 | 113 | 56 | 92 | 65 | 76 | 42 | 46 | 25 | 33 | 65 |
| Working Capital Days | 53 | 47 | 59 | 36 | 31 | 37 | 34 | 22 | 24 | 44 | 47 | 34 |
| ROCE % | 3% | 3% | 6% | 7% | 8% | 5% | 6% | 8% | 9% | 8% | 8% | 21% |
Guidance history
How Bhagyanagar India Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | — |
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | — |
| Q3 FY26 call → | 20–40% | Up 0–2% | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
49 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +489.6% | 100% |
| Last 6 months | +172.7% | 99% |
| Last 3 months | +44.1% | 94% |
The price is 87.6% below its all-time high of ₹446.7 (18 Sept 2026). Stocks more than 20% below their peak have their score halved, so 98 became 49.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Bhagyanagar India Ltd: 0.4 × 100 + 0.4 × 99 + 0.2 × 94 = 98, halved to 49 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Bhagyanagar India Ltd's management said in earlier quarters
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