Bhagawati Oxygen Ltd - Stock Valuation and Financial Performance

BSE: 509449 | NSE: | Industrial Gases & Fuels | Small Cap

Bhagawati Oxygen Share Price

44.76 -2.35 -4.99%
as on 28-Mar'24 16:01

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Bhagawati Oxygen stock performance -

mw4me loader
P/E Ratio (SA):
7.13
Market Cap:
10.4 Cr.
52-wk low:
34.3
52-wk high:
69.1

Is Bhagawati Oxygen Ltd an attractive stock to invest in?

1. Is Bhagawati Oxygen Ltd a good quality company?

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

2. Is Bhagawati Oxygen Ltd undervalued or overvalued?

The key valuation ratios of Bhagawati Oxygen Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Bhagawati Oxygen Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bhagawati Oxygen Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Bhagawati Oxygen:

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.
Bhagawati Oxygen 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.8%9.7%5.8%5.4%5.1%-1.6%1.9%-16.5%-15.9%-19.7%-
Value Creation
Index
-0.6-0.3-0.6-0.6-0.6-1.1-0.9-2.2-2.1-2.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 12.311.710.2108.57.730.41.10.71
Sales YoY Gr.--4.9%-12.7%-2.1%-15.5%-9.6%-60.8%-86.7%167.5%-36.5%-
Adj EPS 2.44.42.93.93.4-4.2-0.2-14-12.5-12.76.3
YoY Gr.-83%-34.7%34.7%-11.6%-221.3%NANANANA-
BVPS (₹) 43.647.950.954.756.652.353.839.828.818.127
Adj Net
Profit
0.610.70.90.8-1-0.1-3.2-2.9-2.91
Cash Flow from Ops. 1.4-0.3-0.22.10.74.13.2-0.7-0.40.3-
Debt/CF from Ops. 0-1.1-4.16.418.92.21.9-9.4-17.921-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -27.5%-39.6%-39%-36.5%
Adj EPS -220.3%-230%NANA
BVPS-9.3%-20.4%-30.5%-37.2%
Share Price 8.7% 25.4% 51.6% 8.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.79.65.87.46.2-7.6-0.4-29.8-36.5-54.328
Op. Profit
Mgn %
47.46.71428.513.9-21.1-333.3-103.5-182.5-571.5
Net Profit
Mgn %
4.58.76.599.4-12.6-1.8-815.7-270.1-430.8227.8
Debt to
Equity
000.11.110.70.50.71.11.5-
Working Cap
Days
1301572502832952195604,6031,6923,0402,570
Cash Conv.
Cycle
5256463351622522,5518621,538554

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 28.00%

Sales growth has been subdued in last 3 years -39.03%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 1.53

Sales growth is not so good in last 4 quarters at -18.64%

Latest Financials - Bhagawati Oxygen Ltd.

Standalone Consolidated
TTM EPS (₹) 6.3 -
TTM Sales (₹ Cr.) 0.6 -
BVPS (₹.) 27 -
Reserves (₹ Cr.) 4 -
P/BV 1.67 -
PE 7.13 -
From the Market
52 Week Low / High (₹) 34.25 / 69.05
All Time Low / High (₹) 1.20 / 104.30
Market Cap (₹ Cr.) 10.4
Equity (₹ Cr.) 2.3
Face Value (₹) 10
Industry PE 19.3

Management X-Ray of Bhagawati Oxygen:

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 Bhagawati Oxygen

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales12.3011.7010.2210.018.467.6530.401.070.68
Operating Expenses 11.8910.839.548.616.596.593.641.722.181.93
Manufacturing Costs1.561.471.571.572.772.941.030.180.190.18
Material Costs8.737.596.165.150.621.340.280.040.480.25
Employee Cost 0.450.520.590.750.990.870.860.470.410.43
Other Costs 1.151.251.221.142.211.441.471.021.091.08
Operating Profit 0.420.860.691.411.871.06-0.64-1.32-1.11-1.25
Operating Profit Margin (%) 3.4%7.4%6.7%14.0%22.0%13.8%-21.5%-333.0%-103.0%-182.0%
Other Income 0.580.720.480.621.320.642.950.470.601.02
Interest 0.020.040.030.210.760.840.610.570.710.73
Depreciation 0.420.230.230.421.861.861.851.841.791.66
Exceptional Items 0000000000
Profit Before Tax 0.551.310.901.390.56-1-0.16-3.25-3-2.61
Tax 0.050.290.220.490.15-0.04-0.10-0.15-0.18-0.19
Profit After Tax 0.501.020.670.900.41-0.96-0.06-3.10-2.82-2.42
PAT Margin (%) 4.1%8.7%6.6%9.0%4.8%-12.6%-2.1%-784.0%-263.0%-354.0%
Adjusted EPS (₹)2.24.42.93.91.8-4.2-0.3-13.4-12.2-10.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 10.0711.0911.7612.6613.1012.1012.449.216.664.18
Share Capital 2.312.312.312.312.312.312.312.312.312.31
Reserves 7.768.789.4510.3510.799.7810.136.904.341.87
Minority Interest0000000000
Debt00.330.7513.5410.796.925.906.406.164.58
Long Term Debt000.2312.602.185.554.115.425.353.54
Short Term Debt00.330.520.948.611.371.790.980.811.05
Trade Payables1.102.091.641.880.560.310.330.400.580.57
Others Liabilities 1.192.422.913.743.243.291.231.742.334.16
Total Liabilities 12.3615.9217.0631.8227.6922.6219.9017.7515.7213.48

Fixed Assets

Gross Block14.0714.0814.2528.7816.6716.6716.6716.6416.6516.28
Accumulated Depreciation11.7411.9612.1212.542.284.135.997.819.6011.02
Net Fixed Assets2.332.122.1316.2414.3912.5310.688.847.055.26
CWIP 000.350000000
Investments 2.382.442.232.332.011.991.932.161.970.73
Inventories0.301.250.410.160.090.160.080.040.020.02
Trade Receivables2.453.572.843.491.941.283.042.472.863.14
Cash Equivalents 3.864.124.184.386.114.092.111.961.571.25
Others Assets1.032.424.935.233.152.562.072.292.253.09
Total Assets 12.3615.9217.0631.8227.6922.6219.9017.7515.7213.48

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1.35-0.30-0.182.130.674.133.19-0.72-0.420.31
PBT 0.551.310.901.390.56-1-0.16-3.25-3-2.61
Adjustment 0.15-0.21-0.200.191.942.212.222.032.081.51
Changes in Working Capital 1.04-1.12-0.530.55-1.372.921.130.510.181.41
Tax Paid -0.40-0.28-0.340-0.460000.320
Cash Flow From Investing Activity -0.080.410.09-14.130.860.420.350.070.602.25
Capex -0.01-0.02-0.23-14.18-0.01000-0.010.85
Net Investments -0.440.080.35-0.100.460.040.06-0.050.341.32
Others 0.360.35-0.020.150.410.390.290.120.260.07
Cash Flow From Financing Activity -0.180.150.1512.20-1.53-4.54-3.600.65-0.17-1.94
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000-2.45-7.08-2.980.84-0.07-1.81
Interest Paid -0.01-0.02-0.04-0.18-0.68-0.84-0.61-0.19-0.90-0.85
Dividend Paid 0000000000
Others -0.170.170.1812.381.613.37000.800.73
Net Cash Flow 1.080.260.060.2000.02-0.0600.010.61
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)5.149.645.897.353.17-7.64-0.51-28.66-35.52-44.7
ROCE (%)5.8212.557.798.285.1-0.672.27-15.64-15.23-15.24
Asset Turnover Ratio1.040.90.680.450.290.30.140.020.060.05
PAT to CFO Conversion(x)2.7-0.29-0.272.371.63N/AN/AN/AN/AN/A
Working Capital Days
Receivable Days6986104105114772642,5439081,602
Inventory Days22222795614541011
Payable Days48761101257161184103,266370852

Bhagawati Oxygen Ltd Stock News

Bhagawati Oxygen Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bhagawati Oxygen on 28-Mar-2024 16:01 is ₹44.76.
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 28-Mar-2024 16:01 the market cap of Bhagawati Oxygen stood at ₹10.40.
The latest P/E ratio of Bhagawati Oxygen as of 28-Mar-2024 16:01 is 7.13.
The latest P/B ratio of Bhagawati Oxygen as of 28-Mar-2024 16:01 is 1.67.
The 52-week high of Bhagawati Oxygen is ₹69.05 and the 52-week low is ₹34.25.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bhagawati Oxygen is ₹0.64 ( Cr.) .

About Bhagawati Oxygen Ltd

Bhagawati Oxygen was incorporated in 1972. The company is sister concern of Bhagawati Gases. The company has plants at Ghatsila in Jharkhand and Ballabhgarh in Haryana.

The registered office of the company is situated at Plot No 5, Sector 25, Ballabgarh, Haryana- 121004.

Business area of the company

The company is primarily a gas manufacturing company supplying oxygen gas from its plant on exclusive supply scheme basis.

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