Bhagwati Oxygen Ltd.

BSE: BHAGWOX · Commodity Chemicals · sector

₹39.00BSE close 2026-10-26

Key numbers

Market cap₹9 cr

Price₹39.00

52w high / low₹48 / ₹32

P/E2.4xSector median 15.2x

P/B1.2xSector median 1.3x

Book value₹31.4

Dividend yield–Sector median 0.84%

ROE53.0%Sector median 7.2%

ROCE36.7%Sector median 9.4%

OPM-292.0%Sector median 8.6%

Debt / equity0.15xSector median 0.25x

EV/EBITDA–Sector median 11.6x

Interest cover58.6x

Current ratio0.81x

Sales growth 3y-10.6%Sector median +1.0%

Profit growth 3y–Sector median -11.1%

PEG–

Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 70 companies in Commodity Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹1 cr vs borrowings ₹1 cr (FY26): cash is higher (net cash).
Operating profit covered interest 58.6x in the last 12 months.
Net loss in 3 of the last 6 quarters.
Other income was 151% of net profit in the last 12 months.
No dividend in the last 5 financial years.
Price ₹39.00 on 2026-10-26: -18.2% from the 52-week high, +23.8% 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 ₹62.81 · low ₹33.06

Quarterly results

₹ cr	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	0	0	0	0	0	0
EBITDA	-0	-0	-0	-0	-0	-0
OPM %	-3,700.0%	-186.7%	-58.6%	-680.0%	-4,500.0%	-323.1%
Other income	0	0	0	0	4	0
Net profit	0	-0	0	-0	3	-0
EPS (₹)	0.62	0.14	0.49	0.33	14.11	1.42
Revenue YoY					0.0%	-13.3%
Profit YoY					+2,228.6%	–

Standalone figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	1	1	1	1	0	0
EBITDA	-1	-1	-5	-1	-1	-1
Net profit	-3	-2	0	-0	3	3
EPS (₹)	-12.19	-10.47	1.78	1.95	14.13	16.35
Revenue growth		-36.4%	+5.9%	+12.5%	-39.5%	–
Profit growth		–	–	-209.8%	–	–
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	-10.5%	–	–
Net profit	–	–	–
EPS	–	–	–
Share price	–	-17.9% (2y)	-18.2%

Balance sheet

₹ cr	FY25	FY26
Shareholders' equity	4	7
Borrowings	2	1
Cash & equivalents	1	1
Total assets	11	10
Fixed assets	1	2
Capital work in progress	0	–
Investments	1	2
Receivables	3	0
Inventory	0	0
Payables	1	1

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY25	FY26
Cash from operations	-1	0
Cash from investing	0	0
Cash from financing	0	-1
Capex	0	0
Free cash flow	-1	0

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY25	FY26
ROE %	-11.4%	45.1%
ROCE %	-7.0%	40.9%
Debtor days	1,228	84
Inventory days	21	1,314
Payable days	732	56,228
Cash conversion cycle (days)	517	-54,830
Working capital days	402	-367

Peers in Commodity Chemicals

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
SRF	₹69,362 cr	30.4x	4.5x	16.0%	15.2%	21.4%	+373.5%	0.38%
TATACHEM	₹15,184 cr	–	0.7x	-10.1%	-4.2%	-1.6%	-4.6%	1.84%
DEEPAKFERT	₹14,422 cr	14.7x	2.1x	15.1%	13.6%	16.7%	+0.6%	0.89%
GNFC	₹7,634 cr	7.4x	0.8x	11.7%	15.2%	14.8%	-8.7%	3.41%
TANFACIND	₹4,989 cr	66.3x	13.4x	19.7%	20.5%	15.5%	+23.8%	–
GUJALKALI	₹4,043 cr	60.9x	0.8x	1.2%	3.6%	11.3%	-1.2%	2.88%
GRAUWEIL	₹3,537 cr	22.1x	3.3x	15.9%	19.6%	15.3%	+6.8%	0.64%
GHCL	₹3,486 cr	6.7x	1.0x	14.9%	19.9%	24.8%	-12.3%	3.29%
JGCHEM	₹2,190 cr	29.1x	4.1x	15.1%	19.8%	8.9%	–	0.18%
BHAGWOX	₹9 cr	2.4x	1.2x	53.0%	36.7%	-292.0%	-10.6%	–

All 70 companies in Commodity Chemicals →

Business segments (2026-06-30)

Segment	Revenue	Share	EBIT	Margin
Gases	₹0 cr	36.7%	₹-0 cr	-635.6%
Power	₹0 cr	63.3%	₹0 cr	96.4%
OTHER	₹0 cr	–	₹0 cr	–

Documents

Links go to the original files on the exchange website.

About the company


Sector	Commodities
Industry	Commodity Chemicals
Sub-industry	Commodity Chemicals
Symbol	BHAGWOX
BSE code	509449
ISIN	INE026I01010
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.