Bhagyanagar India Ltd Stock Analysis

BSE: 512296 | NSE: BHAGYANGR | Metal - Non Ferrous | Small Cap

BSE Share Price 06-Dec-2022 18:01
47.70 0.05 (0.10%)

DeciZen - Make an Informed Decision on Bhagyanagar India

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

Bhagyanagar India Price Chart

P/E Ratio (SA) :
50.10
Market Cap :
152.5 Cr.
52-wk low :
34.6
52-wk high :
59.9
Bole Toh?

1. Is Bhagyanagar India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bhagyanagar India Ltd is a below average quality company.

2. Is Bhagyanagar India Ltd undervalued or overvalued?

The key valuation ratios of Bhagyanagar India Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Bhagyanagar India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Bhagyanagar India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Bhagyanagar India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bhagyanagar India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 3.7%3%3.4%2.9%4.5%5.4%6.7%3.1%2.6%3.9%-
Value Creation Index -0.7-0.8-0.8-0.8-0.7-0.6-0.5-0.8-0.8-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2072362622963055135695045061,0911,197
YoY Gr. Rt. %-14.3%10.9%12.9%3.2%68%11%-11.4%0.3%115.7%-
Adj EPS 0.90.60.80.62.122.40.30.31.31
YoY Gr. Rt. %--39.1%41.1%-21.5%243.6%-6.1%20%-86.3%-9.1%323.3%-
BVPS (₹) 33.132.532.633.132.236.238.238.538.940.240.5
Adj Net Profit 5.93.65.146.86.47.71.114.13
Cash Flow from Ops. 12.429.2-23.120.4-16.428.7-41.960.3-44.5-14.9-
Debt/CF from Ops. 6.53.6-5.14.7-4.51.6-2.50.6-2.3-6.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 20.3%29%24.2%115.7%
Adj EPS 3.7%-9.8%-19.1%323.3%
BVPS 2.24.61.73.5
Share Price 12.5% -1% 40.6% 7.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 2.81.72.41.94.35.96.50.90.83.22.4
Op. Profit Mgn % 6.65.643.53.62.53.71.91.91.31.1
Net Profit Mgn % 2.91.51.91.42.21.31.40.20.20.40.3
Debt to Equity 0.40.50.60.50.70.40.90.30.80.80.2
Working Cap Days 302254254238186755975865363
Cash Conv. Cycle 7363717175514657603637

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 2.40%

Sales growth is growing at healthy rate in last 3 years 24.21%

Debt to equity has declined versus last 3 years average to 0.78

Sales growth is good in last 4 quarters at 59.51%

Net Profit has been subdued in last 3 years -19.12%

Latest Financials - Bhagyanagar India Ltd.

Standalone Consolidated
TTM EPS (₹) 1 1.8
TTM Sales (₹ Cr.) 1,197 1,653
BVPS (₹.) 40.5 43.4
Reserves (₹ Cr.) 123 133
P/BV 1.18 1.10
PE 50.10 27.05
From the Market
52 Week Low / High (₹) 34.55 / 59.85
All Time Low / High (₹) 1.20 / 87.50
Market Cap (₹ Cr.) 152
Equity (₹ Cr.) 6.4
Face Value (₹) 2
Industry PE 10.7

Management X-Ray of Bhagyanagar India :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Bhagyanagar India

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Bhagyanagar India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bhagyanagar India on 06-Dec-2022 18:01 is : 47.70.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Dec-2022 18:01 the market cap of Bhagyanagar India stood at ₹ 152.5.
The latest PE ratio of Bhagyanagar India as of 06-Dec-2022 18:01 is 50.10.
The latest PB ratio of Bhagyanagar India as of 06-Dec-2022 18:01 is 1.18
The 52-week high of Bhagyanagar India is ₹ 59.85 and the 52-week low is ₹ 34.55.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Bhagyanagar India is ₹ 1,197 ( Cr.) .

About Bhagyanagar India Ltd

Bhagyanagar India, part of the Surana Group, was incorporated in 1985 with the main object of carrying on the business in ferrous and non-ferrous metals. It commenced its business by acquiring a copper rod unit (India Extrusion) in 1985. In 1990 it took over Gangappa Cables for expansion of its business activities. In 1994-95 it started manufacturing jelly-filled telephone cables. In 1998-99, it acquired Harinam wires --- engaged in manufacturing of copper allied products.

Keeping in phase with potential growth and the high competition for telecom products, the company has established an additional unit at Goa for manufacture of jelly-filled cables. The major clientele for these cables are Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL). The company is also supplying its products to railways, defence and other public / private sector organizations.

Over the years, the company has expanded its activities by acquisitions, mergers, diversification, etc. Since inception it has ventured into manufacture of range of copper products such as copper coils, strips, sheets, flat pipes apart from PIJF cables of various sizes, polyethylene compound and auto annealing components, catering to the requirements of reputed automobile companies like Maruti, Hyundai, Telco, Ashok Leyland, Mahindra, etc.

The company has made a giant stride into real estate, infrastructure and wind power generation segments with an installed capacity of 9 MW in the state of Karnataka.

Business area of the company

The company is presently engaged in the manufacture of copper rods, copper foils, copper pipes, copper sheets, annealed bare copper strips, paper insulated copper conductors and insulated copper coils (field coils). The products of the company are mainly used in telecommunication, power and distribution, transformer, heat exchangers, switchgear and low range transformers, solar panels and auto ancillary sectors. The company is major supplier to Lucas TVS, MICO and many other leading original equipment manufacturers (OEMs).

Divisions

  • Copper: One of the core areas of the company’s business is manufacture of copper products. The copper division of the company caters to the needs of various OEMs and auto component industry. The company has an installed capacity of 15000 MT in the copper product division.
  • Real Estate: In the year 2002 anticipating the boom in real estate and infrastructure sector, the company started to invest the surplus liquidity from its core business in acquiring real estate properties and infrastructure related projects including construction of IT parks and housing projects with a long-term view to become an infrastructure player.
  • Non Conventional Energy: During the year 2006-07, the company forayed into the non conventional energy sector with a wind power project with an installed capacity of 9 MW at Kapatigudda, Karnataka. The phase-I of the project was commissioned in September 2006 and the phase-II of the project was commissioned in March 2006. This project is eligible foe carbon credits and also for taxation benefits under Section 80I (A) of the Income Tax Act.
  • Jelly Filled Cables: The company started this division in the year 1993-94 and set up the plant for the first time in the country without any foreign collaboration. The company has a manufacturing facility at Goa and manufactures cables from the range of 5 pairs to 800 pairs. The latest technology and testing facilities have led to the units being recognized and approved by BSNL, MTNL, Indian Railways (IR) and other private telecom Service providers.

Group Companies

  • Telecom & Power
  • Surana Ventures
  • Bhagyanagar Entertainment
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