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Bhagyanagar India Limited
(BHAGYANGR)
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Rating:61Neutral
Price Target:
₹451.00
▲(11.91% Upside)
Action:Reiterated
Date:09/23/26
The score is held back primarily by weak and volatile cash-flow generation and only moderate balance-sheet strength despite FY2026 improvement. Offsetting this, the technical setup is strong with a clear multi-timeframe uptrend and supportive momentum. Valuation is middling (P/E ~21.7) without dividend yield support, keeping the overall score in the low 60s.
Positive Factors
Revenue recovery
The FY2026 revenue rebound indicates renewed demand or improved pricing across the company’s copper and copper-alloy products. If sustained, stronger volumes and throughput can support better operating leverage and provide a foundation for continued earnings recovery over the next several quarters.
Negative Factors
Thin, cyclical margins
Low margins leave limited room for adverse changes in copper pricing, product mix, or demand from electrical and industrial customers. The history of revenue and profit volatility also makes the recent recovery less dependable, increasing the risk that earnings weaken when industry conditions turn less favorable.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery
The FY2026 revenue rebound indicates renewed demand or improved pricing across the company’s copper and copper-alloy products. If sustained, stronger volumes and throughput can support better operating leverage and provide a foundation for continued earnings recovery over the next several quarters.
Read all positive factors
Bhagyanagar India Limited (BHAGYANGR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹13.73B
Dividend Yield1.63%
Average Volume (3M)18.26K
Price to Earnings (P/E)20.9
Beta (1Y)1.27
Revenue Growth49.10%
EPS Growth216.37%
CountryIN
Employees4
SectorGeneral
Sector StrengthN/A
IndustryCopper
Share Statistics
EPS (TTM)15.69
Shares Outstanding33,496,433
10 Day Avg. Volume25,505
30 Day Avg. Volume18,264
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)1.71
Price to Sales (P/S)0.19
P/FCF Ratio49.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bhagyanagar India Limited Business Overview & Revenue Model
Company Description
Bhagyanagar India Limited is an Indian enterprise primarily involved in the manufacturing of various copper products, complemented by its operations in the wind power sector. The company's extensive product range includes copper bus bars, wires, r...
How the Company Makes Money
The company primarily makes money by manufacturing and selling copper and copper-alloy products to industrial customers (B2B). Its core revenue stream is sales of copper-based manufactured goods (e.g., copper rods/wires and allied copper products)...
Bhagyanagar India Limited Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
54
Neutral
Cash Flow
41
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 23.78B | 16.26B | 14.31B | 18.47B | 15.72B |
| Gross Profit | 1.83B | 1.18B | 745.15M | 419.41M | 606.83M |
| EBITDA | 1.11B | 426.42M | 758.79M | 346.03M | 301.56M |
| Net Income | 501.71M | 140.18M | 457.24M | 101.30M | 110.82M |
Balance Sheet | |||||
| Total Assets | 6.35B | 5.21B | 3.34B | 4.24B | 3.51B |
| Cash, Cash Equivalents and Short-Term Investments | 10.12M | 50.62M | 30.16M | 11.50M | 91.38M |
| Total Debt | 2.59B | 2.75B | 1.01B | 2.20B | 1.79B |
| Total Liabilities | 3.77B | 3.13B | 1.40B | 2.76B | 2.14B |
| Stockholders Equity | 2.58B | 2.07B | 1.93B | 1.48B | 1.38B |
Cash Flow | |||||
| Free Cash Flow | 88.82M | -1.55B | 793.95M | -487.54M | -57.51M |
| Operating Cash Flow | 231.81M | -1.44B | 961.11M | -395.28M | -43.19M |
| Investing Cash Flow | -53.87M | -95.17M | 393.79M | 31.56M | -8.35M |
| Financing Cash Flow | -226.46M | 1.55B | -1.33B | 273.28M | 139.73M |
Bhagyanagar India Limited Technical Analysis
Positive
403.00
Price Trends
396.51
Positive
370.03
Positive
270.42
Positive
Market Momentum
9.71
Positive
49.74
Neutral
30.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHAGYANGR, the sentiment is Positive. The current price of 403 is below the 20-day moving average (MA) of 412.01, above the 50-day MA of 396.51, and above the 200-day MA of 270.42, indicating a neutral trend. The MACD of 9.71 indicates Positive momentum. The RSI at 49.74 is Neutral, neither overbought nor oversold. The STOCH value of 30.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BHAGYANGR.
Bhagyanagar India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | ₹11.74B | 15.48 | ― | 1.57% | 11.70% | 13.23% | |
70 Outperform | ₹458.42B | 40.26 | ― | 0.61% | 67.07% | 133.90% | |
61 Neutral | ₹13.73B | 20.93 | ― | 1.63% | 49.10% | 216.37% | |
59 Neutral | ₹11.60B | 16.32 | ― | ― | -7.69% | -1.46% | |
58 Neutral | ₹2.52B | 33.18 | ― | ― | 15.82% | 8.06% | |
56 Neutral | ₹1.56B | 34.08 | ― | ― | 83.37% | -2.27% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:BHAGYANGR
Bhagyanagar India Limited
414.35
319.32
336.02%
IN:BHARATWIRE
Bharat Wire Ropes Ltd.
164.70
0.15
0.09%
IN:CUBEXTUB
Cubex Tubings Ltd
173.90
76.81
79.11%
IN:GANDHITUBE
Gandhi Special Tubes Limited
949.70
1.36
0.14%
IN:HINDCOPPER
Hindustan Copper Ltd
472.75
139.35
41.80%
IN:MCL
Madhav Copper Ltd.
56.74
-3.43
-5.70%
Bhagyanagar India Limited Corporate Events
Bhagyanagar India Sets AGM Details, Clears MD Reappointment for New Term
Aug 27, 2026
Bhagyanagar India Limited’s board has scheduled its 41st Annual General Meeting for September 30, 2026, and approved related procedural matters, including the AGM notice, e-voting cut-off date of September 23, 2026, and book closure from Sep...
Bhagyanagar India Sets 41st AGM, Extends MD Devendra Surana’s Tenure
Aug 27, 2026
Bhagyanagar India Limited’s board has approved the convening of its 41st Annual General Meeting, scheduled for 30 September 2026, along with related procedural steps including circulation of the annual report and setting 23 September 2026 as...
Bhagyanagar India Clarifies Preferential Issue Use, Reopens E-Voting
Jul 31, 2026
Bhagyanagar India Limited has issued a corrigendum to its earlier Extra-Ordinary General Meeting notice to clarify the objects and utilization of proceeds from a planned preferential issue of equity shares. The company now specifies that the bulk ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.