Bhagyanagar India Limited

NSE: BHAGYANGR · Non - Ferrous Metals · sector

₹70.45NSE close 2026-10-26

Key numbers

Market cap₹225 cr

Price₹70.45

52w high / low₹468 / ₹39

P/E3.6xSector median 19.2x

P/B0.9xSector median 4.4x

Book value₹80.5

Dividend yield–Sector median 1.30%

ROE27.0%Sector median 26.3%

ROCE23.8%Sector median 25.9%

OPM4.9%Sector median 24.2%

Debt / equity1.01xSector median 0.12x

EV/EBITDA3.8xSector median 18.4x

Interest cover3.2x

Current ratio1.67x

Sales growth 3y+8.8%Sector median +22.4%

Profit growth 3y+70.5%Sector median +70.5%

PEG0.06x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 6 companies in Non - Ferrous Metals (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹1 cr vs borrowings ₹259 cr (FY26): borrowings are higher by ₹258 cr.
Operating profit covered interest 3.2x in the last 12 months.
2.72% of the promoters' shares are pledged (1.8% of all shares).
Promoter holding fell by 4.63 percentage points in a year, to 65.93% (2026-09-30).
Operating cash flow was below net profit in 3 of the last 5 years (FY25, FY23, FY22).
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 4% of net profit in the last 12 months.
No dividend in the last 5 financial years.
Price ₹70.45 on 2026-10-26: -84.9% from the 52-week high, +80.6% 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 ₹446.50 · low ₹43.45

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	408	394	454	486	580	577	735	705
EBITDA	8	11	11	16	25	29	36	38
OPM %	2.0%	2.7%	2.5%	3.3%	4.3%	5.0%	4.9%	5.4%
Other income	3	1	2	3	1	1	1	1
Net profit	4	4	5	8	11	13	18	20
EPS (₹)	1.17	1.25	1.43	2.38	3.52	4.01	5.78	6.33
Revenue YoY					+42.2%	+46.3%	+61.8%	+45.2%
Profit YoY					+202.1%	+221.8%	+303.7%	+167.5%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	1,574	1,847	1,431	1,626	2,378	2,597
EBITDA	30	35	32	37	106	128
Net profit	11	10	46	14	50	63
EPS (₹)	3.46	3.17	14.29	4.38	15.68	19.64
Revenue growth		+17.3%	-22.5%	+13.6%	+46.3%	+49.1%
Profit growth		-8.6%	+351.3%	-69.3%	+257.8%	+216.4%
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	+8.8%	+24.7%	+49.1%
Net profit	+70.5%	+70.5%	+216.4%
EPS	+70.4%	+70.4%	–
Share price	–	-19.0% (2y)	-36.7%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	148	193	207	258
Borrowings	–	220	101	275	259
Cash & equivalents	–	1	4	8	1
Total assets	–	424	334	521	635
Fixed assets	–	80	77	80	84
Capital work in progress	–	0	–	0	0
Investments	–	0	0	0	0
Receivables	–	121	98	146	200
Inventory	–	145	83	157	230
Payables	–	39	21	17	29

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	-4	-40	96	-144	59
Cash from investing	-1	3	39	-10	-5
Cash from financing	14	27	-133	155	-59
Capex	0	0	0	11	14
Free cash flow	-4	-40	96	-155	45

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	6.9%	23.6%	6.8%	19.5%
ROCE %	–	8.1%	23.6%	7.4%	20.0%
Debtor days	–	24	25	33	31
Inventory days	–	31	23	38	39
Payable days	–	8	6	4	5
Cash conversion cycle (days)	–	47	42	67	65
Working capital days	–	25	45	48	34

Shareholding

Holder	% (2026-09-30)
Promoters	65.93%
FIIs	2.73%
DIIs	1.91%
Public (non-institutions)	29.44%

Quarter	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Aug 2026	Sep 2026
Promoters %	70.54%	70.45%	70.56%	65.12%	64.84%	64.91%	65.80%	65.93%

Promoter group	%
Surana Infocom Private Limited	12.74%
Devendra Surana	10.16%
Manish Surana	8.76%
Narender Surana	7.49%
Namrata Surana	5.58%
Sunita Surana	4.81%
Rahul Surana	4.19%
Advait Surana	3.26%
Vinita Surana	1.88%
Shresha Surana	1.71%
Surana Telecom and Power Limited	1.65%
Nivriti Samkit Jain	1.04%
Mitali Surana Saraogi	0.90%
G M Surana	0.53%
G M Surana	0.50%

Public holders above 1%	%
Niveshaay Hedgehogs Fund	1.72%
LC Pharos Multi Strategy Fund VCC-LC Pharos Multi	1.72%
Dundoo Ajit Kumar	1.66%
Sambhav Munoth	1.61%

32,180 shareholders. Pledged: 2.72% of promoter shares.

Peers in Non - Ferrous Metals

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
HINDZINC	₹2,09,982 cr	10.1x	7.0x	95.4%	78.8%	58.2%	+7.1%	2.01%
HINDCOPPER	₹39,382 cr	34.7x	11.8x	37.9%	44.4%	47.5%	+22.4%	0.60%
ONIXSOLAR	₹953 cr	17.1x	1.1x	12.0%	8.1%	33.8%	+1,922.3%	–
SIZEMASTER	₹379 cr	94.4x	20.9x	25.6%	27.9%	14.6%	+275.4%	–
BHAGYANGR	₹225 cr	3.6x	0.9x	27.0%	23.8%	4.9%	+8.8%	–
MSCTC	₹175 cr	21.2x	1.9x	7.0%	5.5%	5.2%	–	–

All 6 companies in Non - Ferrous Metals →

Dividends & corporate actions

Ex-date	Action	Detail
2026-10-08	Restructuring	Demerger
2024-09-23	Other	Annual General Meeting
2023-09-20	Other	Annual General Meeting
2022-09-21	Other	Annual General Meeting
2021-09-22	Other	Annual General Meeting
2020-09-22	Other	Annual General Meeting
2019-09-12	Other	Annual General Meeting
2018-09-17	Other	Annual General Meeting
2017-09-19	Other	Annual General Meeting

Documents

Links go to the original files on the exchange website.

About the company


Sector	Commodities
Industry	Non - Ferrous Metals
Sub-industry	Copper
Symbol	BHAGYANGR
BSE code	512296
ISIN	INE458B01036
Face value	₹2.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.