Bhagyanagar India Limited (BHAGYANGR) AI Stock Analysis

• Market Cap: ₹4.67B
• Dividend Yield: N/A
• Average Volume (3M): 6.60K
• Price to Earnings (P/E): 9.9
• Beta (1Y): 1.11
• Revenue Growth: 25.79%
• EPS Growth: 157.10%
• Country: IN
• Employees: 5
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Copper
• EPS (TTM): 4.01
• Shares Outstanding: 31,995,000
• 10 Day Avg. Volume: 4,160
• 30 Day Avg. Volume: 6,601
• PEG Ratio: -0.24
• Price to Book (P/B): 1.14
• Price to Sales (P/S): 0.15
• P/FCF Ratio: -1.53
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: ₹146.00 ▼(-9.79% Downside)
• Action: Reiterated Date: 03/03/26
• Date: Action: Reiterated 03/03/26

The score is held back primarily by weak cash flow (negative free cash flow), inconsistent profitability, and increased leverage, partially offset by a supportive price trend versus moving averages and a moderate P/E valuation.

Positive Factors

Structural end-market exposure

Bhagyanagar's core focus on copper and copper-alloy products ties it to long-duration structural demand drivers—electrification, infrastructure build-out and industrial wiring. These end markets sustain steady product need and support predictable baseline volumes and revenue over months.

Recent revenue expansion

A recent ~32.6% reported revenue increase indicates the company can grow sales and capture incremental orders. If sustained, this growth demonstrates commercial traction and operational capacity to scale production, improving medium-term revenue trajectory and utilization.

Moderate equity / balanced asset base

The balance sheet shows a moderate equity ratio and a balanced asset structure, which provides a buffer versus shocks and some flexibility to fund working capital or capex. A balanced asset base supports operational continuity over several months without forced asset sales.

Negative Factors

Weak cash generation

Negative free cash flow is a durable constraint: it limits the company's ability to fund maintenance capex, repay or reduce debt, and support growth without external financing. Over 2–6 months this pressures liquidity and increases dependence on creditors or equity infusions.

Rising leverage

A notable increase in debt-to-equity raises interest and refinancing exposure and reduces financial flexibility. Higher leverage limits capacity to absorb demand shocks and makes near-term investment or working-capital adjustments more costly, elevating solvency risk.

Inconsistent profitability and low margins

Volatile sales and slim net margins reduce earnings resilience and lower ROE, limiting retained earnings for reinvestment. A recent net income drop suggests profitability can deteriorate quickly, complicating medium-term planning and capital allocation choices.

Bhagyanagar India Limited Business Overview & Revenue Model

Company Description

Bhagyanagar India Limited manufactures copper products in India. It operates through Manufacturing of Copper Products and Wind Power segments. The company offers copper bus bars, wires and rods, foils and sheets, paper covered strips, nuggets, and tubes and pipes, as well paper insulated copper conductors; and assemblies and solenoid switches for auto electrical motors. It also provides solar flat plate collectors, commutators, solar fins, field coils and armature pins, submersible wires, and heating elements/thermostats/immersion heaters. The company primarily serves original equipment manufacturers in the auto electrical, solar water heater, and electrical engineering industries. In addition, it operates a wind power project with an installed capacity of 9 megawatts at Kapatigudda, Karnataka. The company also exports its products. Bhagyanagar India Limited was incorporated in 1985 and is headquartered in Hyderabad, India.

How the Company Makes Money

Bhagyanagar India Limited makes money mainly by manufacturing and selling copper and copper-alloy products to customers in industrial and infrastructure-related end markets. Its core revenue stream is product sales, where earnings are driven by (1) sales volumes shipped, (2) prevailing copper prices (which influence selling prices for copper-intensive products), and (3) processing/conversion margins earned for transforming raw copper into semi-finished or finished forms (e.g., tubes, rods, strips, or other copper products). Additional revenue may come from sales of related metal products and value-added services associated with order customization, but specific breakdowns by segment, customer type, export share, or named partnerships are null.

Bhagyanagar India Limited Financial Statement Overview

Summary

Financials are mixed: volatile revenue and modest operating margins, a notable net income drop pressuring profitability, rising leverage (higher debt-to-equity) and declining ROE, plus weak cash generation with negative free cash flow.

Income Statement

The company's revenue has demonstrated volatility with a recent small increase from the previous year, but overall growth has been inconsistent. Gross profit and net profit margins are relatively low, with a significant drop in net income impacting net profit margins negatively. EBIT and EBITDA margins are stable but modest, indicating limited operational efficiency improvements.

Balance Sheet

The company's balance sheet reflects moderate leverage with a debt-to-equity ratio showing a significant increase, posing potential risks. The equity ratio is moderate, indicating a balanced asset structure. However, return on equity has declined, pointing to reduced profitability for shareholders.

Cash Flow

Cash flow performance is weak, with negative free cash flow indicating challenges in generating cash from operations. The operating cash flow to net income ratio is unfavorable, suggesting inefficiencies in translating income into cash. The free cash flow to net income ratio further highlights cash flow generation issues.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2021	Mar 2020
Income Statement
Total Revenue	19.14B	16.26B	14.31B	18.47B	15.72B	5.62B
Gross Profit	1.51B	1.18B	745.15M	419.41M	606.83M	402.86M
EBITDA	678.66M	426.42M	758.79M	346.03M	301.56M	150.00M
Net Income	274.07M	140.18M	457.24M	101.30M	110.82M	10.37M
Balance Sheet
Total Assets	6.90B	5.21B	3.34B	4.24B	3.51B	2.03B
Cash, Cash Equivalents and Short-Term Investments	37.77M	50.62M	30.16M	11.50M	91.38M	12.63M
Total Debt	3.69B	2.75B	1.01B	2.20B	1.79B	660.54M
Total Liabilities	4.64B	3.13B	1.40B	2.76B	2.14B	804.45M
Stockholders Equity	2.26B	2.07B	1.93B	1.48B	1.38B	1.23B
Cash Flow
Free Cash Flow	-903.56M	-1.55B	793.95M	-487.54M	-57.51M	339.82M
Operating Cash Flow	-873.82M	-1.44B	961.11M	-395.28M	-43.19M	485.92M
Investing Cash Flow	53.43M	-95.17M	393.79M	31.56M	-8.35M	-125.40M
Financing Cash Flow	788.66M	1.55B	-1.33B	273.28M	139.73M	-352.78M

Bhagyanagar India Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 161.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHAGYANGR, the sentiment is Negative. The current price of 161.85 is above the 20-day moving average (MA) of 154.09, above the 50-day MA of 161.82, and above the 200-day MA of 121.00, indicating a neutral trend. The MACD of -3.71 indicates Positive momentum. The RSI at 42.16 is Neutral, neither overbought nor oversold. The STOCH value of 26.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BHAGYANGR.

Bhagyanagar India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HINDCOPPER	73 Outperform	₹472.58B	80.20	―	0.33%	16.05%	41.18%
CUBEXTUB	63 Neutral	₹1.28B	13.22	―	―	29.24%	75.16%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MANAKALUCO	57 Neutral	₹1.64B	28.65	―	0.28%	19.61%	21.47%
MCL	53 Neutral	₹1.66B	64.12	―	―	119.41%	-35.45%
BHAGYANGR	50 Neutral	₹4.67B	9.92	―	―	25.79%	157.10%

Bhagyanagar India Limited Corporate Events

Bhagyanagar India Advances NCLT-Driven Scheme With Subsidiary Creditors’ Vote

Bhagyanagar India Limited informed exchanges that trade creditors of its wholly owned subsidiary, Bhagyanagar Copper Private Limited, held a National Company Law Tribunal-convened meeting on March 14, 2026 in Secunderabad to vote on a composite scheme of arrangement. The scheme involves Bhagyanagar Copper as the transferor, Bhagyanagar India as the transferee or demerged company, and Tieramet Limited as the resulting company, and the scrutinizer’s report on the ballot-based voting has been submitted, marking a key procedural step in restructuring stakeholder and creditor arrangements.

The filing confirms compliance with NCLT directions and formal voting procedures under the Companies Act, signaling progress in the group’s proposed corporate reorganization. While the outcome details of the vote are not disclosed in this extract, the advancement of the scheme underscores an intent to realign business units and liabilities across the three entities, a move that could affect trade creditors and the capital structure once fully implemented and approved.

Bhagyanagar India, Subsidiary Hold NCLT-Directed Stakeholder Meetings

Bhagyanagar India Limited reported that court-convened meetings of its equity shareholders and the trade creditors of its wholly owned subsidiary, Bhagyanagar Copper Private Limited, were held on March 14, 2026, pursuant to an order of the National Company Law Tribunal, Hyderabad. The meetings, one conducted physically in Secunderabad and the other via video conferencing, concluded successfully, and the company has submitted a formal record of the proceedings to the stock exchanges, underscoring compliance with tribunal directions and ongoing restructuring or arrangement processes involving group stakeholders.

The trade creditors’ meeting of Bhagyanagar Copper Private Limited was chaired by an NCLT-appointed chairperson and supported by an appointed scrutinizer, with 28 creditors attending in person or by proxy, reflecting active creditor participation in the tribunal-directed process. The orderly conduct and documentation of these meetings signal progress in the NCLT-supervised corporate exercise, with potential implications for the subsidiary’s financial arrangements and the wider Surana Group structure, although detailed resolutions and outcomes were not disclosed in the announcement.

Bhagyanagar India, Subsidiary Hold NCLT-Directed Creditor and Shareholder Meetings

Bhagyanagar India Limited has reported that meetings of its equity shareholders and the trade creditors of its wholly owned subsidiary, Bhagyanagar Copper Private Limited, were convened on March 14, 2026, under directions from the National Company Law Tribunal, Hyderabad Bench. The meetings, held physically for trade creditors in Secunderabad and via video conferencing for shareholders, proceeded as scheduled, with appointed chairperson and scrutinizer overseeing the process, and their proceedings have been formally submitted to the stock exchanges.

The trade creditors’ meeting of Bhagyanagar Copper Private Limited recorded the attendance of 28 creditors and was conducted in accordance with the NCLT order, with voting completed within the allotted time window. By successfully conducting these tribunal-directed meetings and documenting their proceedings, the company has taken a procedural step in an ongoing corporate or restructuring process, signaling formal engagement with both creditors and shareholders and ensuring regulatory compliance and transparency for stakeholders.

Bhagyanagar India Closes Trading Window Ahead of December Quarter Results

Bhagyanagar India Limited has announced the closure of its trading window for designated persons and their immediate relatives from 1 January 2026 until 48 hours after the announcement of its financial results for the quarter ended 31 December 2025, in line with SEBI’s Prohibition of Insider Trading Regulations and the company’s internal code of conduct. The move, which restricts directors, connected and designated persons from trading in the company’s securities during this period, underscores regulatory compliance on insider trading and signals that the board meeting date for approving the quarterly results will be communicated separately.