Is Bhagawati Gas Ltd (BAGWATIGAS) a good quality company?

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

Is Bhagawati Gas Ltd (BAGWATIGAS) undervalued or overvalued?

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

What is Bhagawati Gas Ltd (BAGWATIGAS) share price return in the past 10 years?

Bhagawati Gas Ltd share price has appreciated 18.5% annually (CAGR) over the past ten years.

Is Bhagawati Gas Ltd (BAGWATIGAS) a good buy now?

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

What is the share price of Bhagawati Gas Ltd (BAGWATIGAS)?

Company share prices are keep on changing according to the market conditions. The current trading price of Bhagawati Gas Ltd (BAGWATIGAS) on 17-Apr-2026 16:59:59 at 16:59 is 3.48.

What is the P/E ratio of Bhagawati Gas?

The latest standalone P/E ratio of Bhagawati Gas as of 17-Apr-2026 is 0.00.

What is the P/B ratio of Bhagawati Gas Ltd (BAGWATIGAS)?

The latest standalone P/B ratio of Bhagawati Gas Ltd (BAGWATIGAS) as of 17-Apr-2026 is 0.42.

What is the 52-week high and low of Bhagawati Gas Ltd (BAGWATIGAS)?

The 52-week high of Bhagawati Gas Ltd (BAGWATIGAS) is Rs. 3.48 and the 52-week low is Rs. 0.79.

Bhagawati Gas Ltd (BAGWATIGAS) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Bhagawati Gas Ltd (BAGWATIGAS)
Brand: Bhagawati Gas

Bhagawati Gas Ltd (BAGWATIGAS) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Bhagawati Gas Ltd (BAGWATIGAS)

BSE: 500051 NSE: BAGWATIGAS

Key Metrics

Market Cap

₹6 Cr.

P/E Ratio

0.00

Price to Book (P/B)

0.42

Price to Sales (P/S)

13.81

EV/EBITDA

-4.40

Return on Capital Employed (ROCE)

7.22%

Current Price

₹3.5

Return on Equity (ROE)

0.98%

Return on Assets (ROA)

0.75%

Operating Profit Margin

-555.4%

Net Profit Margin

30.85%

Gross Profit Margin

221.3%

Book Value per Share

₹8.3

Sales Growth (YoY)

-22.03%

Sales Growth (3 Years)

-25.44%

Operating Profit Growth (1 Year)

NA%

Operating Profit Growth (3 Years)

N/A%

Net Profit Growth (1 Year)

NA%

52-Week Low / High

₹1 / 3

Net Profit Growth (3 Years)

-94.37%

Dividend Yield

0.00%

Promoter Holding

34.23%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Bhagawati Gas Ltd?

Bhagawati Gas Ltd revenue growth is -22% for FY-2025 , which is below its 5 year CAGR of 17% , indicating slower growth.

Q.1 Promoter shareholding and pledge status of Bhagawati Gas Ltd?

Promoters hold 34.23% of the Bhagawati Gas Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Bhagawati Gas Ltd vs industry peers?

Bhagawati Gas Ltd revenue CAGR is 16.98% , compared to the industry median CAGR of 4.12% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Bhagawati Gas Ltd belong to?

Bhagawati Gas Ltd belongs to the Oil & Gas sector, operating specifically within the Industrial Gases & Fuels segment.

Q.1 Stock return of Bhagawati Gas Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 19% based on the current price.

DeciZen - make an informed investing decision on Bhagawati Gas

Based on:

Data

M-Cap below 100cr DeciZen not available

Bhagawati Gas stock performance

Key Ratios

Is Bhagawati Gas Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	-4.6%	-4.3%	-3.7%	-8.1%	-6%	-8.4%	6.2%	-4.6%	1.4%	7.2%	-
Value Creation Index ⓘ	-1.3	-1.3	-1.3	-1.6	-1.4	-1.6	-0.6	-1.3	-0.9	-0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	0	0	0	0.2	0	1.1	0.1	0.6	0.5	0
Sales YoY Gr.	-	NA	NA	NA	NA	-100%	NA	-88.3%	353.9%	-22%	-
Adj EPS ⓘ	-0.6	-0.3	-0.5	0.6	-0.6	-1.1	0.5	0.4	-0.1	-1.3	-1.3
YoY Gr.	-	NA	NA	NA	-192.2%	NA	NA	-19.6%	-135.1%	NA	-
BVPS (₹) ⓘ	10.4	10.1	9.7	9.5	8.9	7.9	8.4	8.8	8.7	8.8	8.3
Adj Net Profit ⓘ	-1	-0.5	-0.8	1.1	-1	-1.8	0.8	0.6	-0.2	-2.1	-2
Cash Flow from Ops. ⓘ	0	0.2	-0.4	12.5	-2.2	-2.9	-2.1	-1.6	-0.7	-2.6	-
Debt/CF from Ops. ⓘ	66	20.3	-2.1	0	-0.1	-0.1	-0.1	-0.3	-1.2	-1.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	17%	-25.4%	-22%
Adj EPS ⓘ	NA	NA	-239.9%	NA
BVPSⓘ	-1.8%	-0.2%	1.5%	1.2%
Share Price	18.5%	45.7%	87.3%	556.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-5.5	-3.1	-5	6.7	-6.4	-12.5	5.7	4.4	-1.5	-14.5	-14.9
Op. Profit Mgn % ⓘ	0	0	0	0	-798.1	0	-198.3	-997.9	-124.4	-555.4	-320.8
Net Profit Mgn % ⓘ	0	0	0	0	-461.1	0	69.6	489.7	-37.5	-457.5	-506.2
Debt to Equity ⓘ	0.1	0.3	0.1	0	0	0	0	0	0.1	0.2	0
Working Cap Days ⓘ	0	0	0	0	7,440	0	1,748	16,367	6,473	12,772	1,02,311
Cash Conv. Cycle ⓘ	0	0	0	0	115	0	46	708	249	1,817	58,922

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	-1.3	-
TTM Sales (₹ Cr.)	0.4	-
BVPS (₹) ⓘ	8.3	-
Reserves (₹ Cr.) ⓘ	-3	-
P/BV ⓘ	0.42	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	0.79 / 3.48
All Time Low / High (₹)	0.50 / 38.00
Market Cap (₹ Cr.)	5.8
Equity (₹ Cr.)	16.7
Face Value (₹)	10
Industry PE ⓘ	22.4

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Bhagawati Gas - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	0	0	0	0	0.21	0	1.11	0.13	0.59	0.46
Operating Expenses ⓘ +	0.54	0.63	0.60	4.53	1.93	1.58	3.30	1.42	1.32	3.03
Manufacturing Costs	0.03	0.01	0.02	0.04	0.11	0.11	0.13	0.13	0.05	0.33
Material Costs	0	0	0	0	0	0	0.80	0	0	0.11
Employee Cost	0.27	0.29	0.29	0.62	0.79	0.71	0.79	0.77	0.75	0.82
Other Costs ⓘ	0.25	0.33	0.30	3.87	1.02	0.76	1.59	0.52	0.51	1.77
Operating Profit ⓘ	-0.54	-0.63	-0.60	-4.53	-1.71	-1.58	-2.20	-1.29	-0.73	-2.57
Operating Profit Margin (%)	-	-	-	-	-800.0%	-	-198.0%	-1,007.2%	-124.0%	-556.0%
Other Income ⓘ +	0.07	0.17	0.18	3.37	0.92	0.54	3.22	0.78	1.11	3.90
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	0.10	0.10	0.08	0.13	0.06	0.12	0.06	0.10	0.12	0.31
Depreciation ⓘ	0.39	0.39	0.28	0.17	0.15	0.15	0.15	0.17	0.16	0.14
Profit Before Tax ⓘ	-0.96	-0.95	-0.78	-1.46	-1	-1.32	0.80	-0.78	0.10	0.88
Tax ⓘ	0	-0.48	-0.04	-1.28	-0.02	0.43	0	-1.40	0.32	0.74
Profit After Tax	-0.96	-0.47	-0.73	-0.18	-0.99	-1.75	0.80	0.62	-0.22	0.14
PAT Margin (%)	-	-	-	-	-462.0%	-	72.2%	483.2%	-37.5%	30.9%
Adjusted EPS (₹)	-0.6	-0.3	-0.4	-0.1	-0.6	-1.1	0.5	0.4	-0.1	0.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	17.34	16.88	16.17	15.87	14.85	13.20	14.06	14.70	14.52	14.69
Share Capital ⓘ	16.74	16.74	16.74	16.74	16.74	16.74	16.74	16.74	16.74	16.74
Reserves ⓘ	0.60	0.14	-0.57	-0.88	-1.89	-3.54	-2.68	-2.05	-2.23	-2.05
Debt +	0.77	0.88	0.77	0.28	0.27	0.27	0.27	0.30	0.87	2.72
Long Term Debt	0.27	0.38	0.31	0	0	0	0	0.03	0	0
Short Term Debt	0.50	0.50	0.46	0.28	0.27	0.27	0.27	0.27	0.87	2.72
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	0.13	0.13	0.13	0.08	0	0	0	0	0	0
Others Liabilities ⓘ	7.02	6.32	6.56	3.41	4.33	3.52	3.67	2.59	2.39	2.90
Total Liabilities ⓘ	25.26	24.21	23.63	19.63	19.45	16.99	18	17.58	17.78	20.32
Fixed Assets
Net Fixed Assets ⓘ +	5.83	5.52	4.95	2.80	2.65	2.49	2.50	2.33	2.17	2.20
Gross Block	22.91	22.57	12.34	6.76	6.76	6.76	6.91	6.91	6.92	7.09
Accumulated Depreciation	17.08	17.06	7.39	3.96	4.11	4.26	4.42	4.58	4.74	4.88
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investments ⓘ	0.02	0.04	0.03	0.01	0.01	0.01	0.05	0.04	0.05	0.04
Inventories	0	0	0	0	0	0	0	0	0.19	0.25
Trade Receivables	5.77	5.77	5.77	0.06	0.08	0.08	0.20	0.30	0.31	3.84
Cash Equivalents	0.17	0.26	0.10	13.11	11.78	9.27	10.06	9.11	0.86	0.47
Others Assets ⓘ	13.48	12.62	12.78	3.65	4.93	5.13	5.19	5.81	14.20	13.51
Total Assets ⓘ	25.26	24.21	23.63	19.63	19.45	16.99	18	17.58	17.78	20.32

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	0.02	0.23	-0.36	12.46	-2.21	-2.93	-2.12	-1.60	-0.74	-2.60
PBT ⓘ	-0.96	-0.95	-0.78	-1.46	-1	-1.32	0.80	-0.78	0.10	0.88
Adjustment ⓘ	0.42	0.33	0.21	3.11	-0.64	-0.11	-2.74	-0.42	-0.48	0.22
Changes in Working Capital ⓘ	0.56	0.81	0.21	10.81	-0.57	-1.06	-0.18	-1.8	-0.04	-2.96
Tax Paid ⓘ	-0	0.04	-0	0	0	-0.43	-0	1.40	-0.32	-0.74
Cash Flow From Investing Activity ⓘ +	0.15	0.06	0.31	1.17	0.95	0.54	2.97	0.74	0.81	0.57
Capex	0	0.01	0.43	0.17	0	0	-0.16	-0	0	-0.17
Net Investments	0.11	0.01	0	0	0	0	0	0	0	0
Others ⓘ	0.04	0.04	-0.12	1	0.95	0.54	3.13	0.74	0.81	0.74
Cash Flow From Financing Activity ⓘ +	-0	-0.19	-0.11	-0.61	-0.07	-0.12	-0.06	-0.10	0.35	1.63
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	-0.19	0	-0.31	0	0	0	0	0	0
Interest Paid ⓘ	-0.06	-0	-0	-0.13	-0.06	-0.12	-0.06	-0.10	-0.12	-0.31
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0.05	0	-0.11	-0.18	-0.01	0	0	0	0.47	1.94
Net Cash Flow ⓘ	0.16	0.10	-0.17	13.01	-1.33	-2.51	0.79	-0.95	0.42	-0.40

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	-5.4	-2.74	-4.44	-1.13	-6.44	-12.5	5.87	4.31	-1.51	0.98
ROCE (%)	-4.59	-4.28	-3.65	-8.07	-6.04	-8.36	6.22	-4.63	1.44	7.22
Asset Turnover Ratio	0	0	0	0	0.01	0	0.06	0.01	0.03	0.02
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	N/A	-2.65	-2.58	N/A	-18.57
Working Capital Days
Receivable Days	0	0	0	0	127	0	46	708	189	1,640
Inventory Days	0	0	0	0	0	0	0	0	120	177
Payable Days	0	0	0	0	0	0	0	0	0	0

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Bhagawati Gas Ltd FAQs

The current trading price of Bhagawati Gas on 17-Apr-2026 16:59 is ₹3.48.

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 16-Apr-2026 the market cap of Bhagawati Gas stood at ₹5.83 Cr

The latest P/E ratio of Bhagawati Gas as of 16-Apr-2026 is 0.00.

The latest P/B ratio of Bhagawati Gas as of 16-Apr-2026 is 0.42.

The 52-week high of Bhagawati Gas is ₹3.48 and the 52-week low is ₹0.79.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bhagawati Gas is ₹0.42 ( Cr.) .

About Bhagawati Gas Ltd

Bhagawati Gases Limited (BGL) was incorporated as a Public Limited Company on November 16, 1974. BGL has been operating as a dedicated producer, distributor and marketer of industrial gases for over three decades.Today, BGL produces and delivers gases to a spectrum of industries including chemical, metallurgical, pharmaceutical, petrochemical, food processing, heavy engineering.

In addition, the company offers multifaceted technical expertise to its valued customers in the following areas:

Technical consultancy to help clients select the plant best suited to their specific requirements.
Installation and commissioning of air separation and PSA plants of any scale- large, medium or small
Execution of turnkey gas projects on Build-Own-Operate-Maintain (BOOM) basis
Bulk handling and distribution of gases in liquid and vapour form.
Supply of medical Oxygen to hospitals and nursing homes.

Upto 1987, the company was engaged in transportation and supply of liquid oxygen (a by-product of fertilizer plants) to the Khetri smelter plant of Hindustan Copper Ltd (HCL) from various fertilizer plants viz. National Fertilizers Ltd. Fertilizer Corporation of India Gujarat Narmada Fertilizers Ltd. etc BGL has the experience and capability of transporting atmospheric gases like oxygen, nitrogen and argon in liquid state, in cryogenic road tankers, from the company's air separation plants. Such liquefied gases are either moved or BGL's own gas compressing stations and distribution centers, or directly to large customers. The company also helps install specialized equipment for handling and storing gases below -1960C. BGL's gases feature extremely low PPM levels of impurities to match demanding purity requirements of end users.

To benefit large volume gas consumers like copper smelters, BGL endeavors to create installed capacity at or near the point of actual consumption. In fact, today over 60% of BGL's total oxygen supply is through pipelines from plants constructed in the vicinity of large industries that require a continuous supply of the gas. Industrial gases also require a high degree of expertise in storage and movement. BGL has the experience and capability of transporting atmospheric gases like oxygen, nitrogen and argon in liquid state, in cryogenic road tankers, from the company's air separation plants. Such liquefied gases are either moved or BGL's own gas compressing stations and distribution centers, or directly to large customers. The company also helps install specialized equipment for handling and storing gases below -1960C.

Along with its sister company , Bhagawati Oxygen Ltd., BGL has created a wide network of compressing stations to provide convenient access to customers requiring gases in cylinders. For large volume cylinder customers, specially fabricated truck trailers transport the gases to location with utmost safety and care. In the area of special gases, signifying ultra high purity gases mixtures, BGL offers customized products. These are being supplied for R&D, product & process control, environmental monitoring, and medical care & diagnosis applications. BGL's gases feature extremely low PPM levels of impurities to match demanding purity requirements of end users.

Its other group companies are Bhagawati Steel, Bhagawati International, Bhagawati Castings and Ramrup Credit & Leasing.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Bhagawati Gas Ltd (BAGWATIGAS) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Bhagawati Gas Share Price