Bhagawati Gas Limited
BSE: BHAGGAS · Industrial Gases · sector
₹8.76BSE close 2026-10-26
Key numbers
Market cap₹15 cr
Price₹8.76
52w high / low₹13 / ₹1
P/E5.8xSector median 30.5x
P/B0.9xSector median 3.3x
Book value₹9.4
Dividend yield–Sector median 0.21%
ROE6.6%Sector median 9.3%
ROCE7.7%Sector median 9.9%
OPM-803.1%Sector median 15.2%
Debt / equity0.09xSector median 0.08x
EV/EBITDA–Sector median 24.6x
Interest cover4.4x
Current ratio4.28x
Sales growth 3y–Sector median +9.2%
Profit growth 3y–Sector median -57.9%
PEG0.02x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 8 companies in Industrial Gases (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹5 cr vs borrowings ₹1 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 4.4x in the last 12 months.
- Net loss in 6 of the last 8 quarters.
- Revenue was higher than a year earlier in 0 of the last 4 quarters.
- Other income was 277% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹8.76 on 2026-10-26: -35.0% from the 52-week high, +1,008.9% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹13.15 · low ₹0.86
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -0 | -1 | -1 | -0 | -0 | -0 | -0 | -0 |
| OPM % | -158.3% | -3,025.0% | -309.5% | -422.2% | -250.0% | – | -1,000.0% | -3,500.0% |
| Other income | 0 | 3 | 0 | 0 | 0 | 0 | 2 | 0 |
| Net profit | -0 | 2 | -1 | -0 | -0 | -0 | 2 | -0 |
| EPS (₹) | 0.07 | 1.22 | 0.80 | 0.17 | 0.14 | 0.15 | 1.06 | 0.16 |
| Revenue YoY | 0.0% | -100.0% | -81.0% | -88.9% | ||||
| Profit YoY | – | -112.3% | – | – |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY15 | FY16 | FY17 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | – | – | – | 0 | 0 | 0 |
| EBITDA | -0 | -1 | -1 | -3 | -1 | -1 |
| Net profit | -1 | -1 | -0 | 0 | 1 | 1 |
| EPS (₹) | -0.38 | -0.57 | -0.29 | 0.10 | 0.61 | 1.51 |
| Revenue growth | – | – | – | -45.7% | -62.6% | |
| Profit growth | – | – | – | +607.1% | +264.4% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | -62.6% |
| Net profit | – | – | +264.4% |
| EPS | – | – | – |
| Share price | – | – (2y) | – |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 15 | 16 |
| Borrowings | 3 | 1 |
| Cash & equivalents | 0 | 5 |
| Total assets | 21 | 19 |
| Fixed assets | 2 | 2 |
| Capital work in progress | 0 | – |
| Investments | 0 | 0 |
| Receivables | 4 | 4 |
| Inventory | 0 | 0 |
| Payables | 0 | 0 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | -3 | -1 |
| Cash from investing | 1 | 3 |
| Cash from financing | 2 | -2 |
| Capex | 0 | 0 |
| Free cash flow | -3 | -1 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 1.0% | 6.3% |
| ROCE % | 6.8% | 6.1% |
| Debtor days | 3,038 | 5,840 |
| Inventory days | 252 | 540 |
| Payable days | 0 | 0 |
| Cash conversion cycle (days) | 3,290 | 6,380 |
| Working capital days | 3,590 | 14,153 |
Peers in Industrial Gases
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LINDEINDIA | ₹48,036 cr | 87.9x | 11.2x | 13.5% | 16.2% | 34.4% | – | 0.21% |
| ELLEN | ₹4,244 cr | 35.2x | 4.3x | 12.3% | 13.9% | 34.5% | – | – |
| STEAMHOUSE | ₹3,095 cr | – | – | – | – | – | – | – |
| STALLION | ₹1,427 cr | 30.5x | 2.1x | 10.6% | 9.9% | 15.2% | – | – |
| HILLTONE | ₹481 cr | 46.6x | 20.7x | -3.6% | -3.5% | -4.6% | – | – |
| NOL | ₹28 cr | 2.3x | – | – | 14.6% | 25.0% | -21.3% | – |
| BHAGGAS | ₹15 cr | 5.8x | 0.9x | 6.6% | 7.7% | -803.1% | – | – |
| GAGAN | ₹8 cr | 29.9x | 2.4x | 8.1% | 8.9% | 7.2% | +39.7% | – |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Industrial Gases |
| Sub-industry | Industrial Gases |
| Symbol | BHAGGAS |
| BSE code | 500051 |
| ISIN | INE099C01010 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-24 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-26.