BHAGYANGRCommodities

Bhagyanagar India Limited

Copper · ISIN INE458B01036 · BSE 512296 · NSE EQ · FV ₹2
Last price
₹447
+5.00%today
What this company does

Bhagyanagar India Limited operates in Copper, part of the Commodities sector. It booked ₹705 cr of revenue in its latest quarter (Q1 FY27) and kept 2.9% of sales as profit.

In the report:
59out of 100
Equitytale Health Score
Mixed

Healthier than 59% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 91–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
66

At close. Not part of the score.

Profitability & returns79

How much profit it earns on the money it employs

Balance sheet24

How much it owes, and whether earnings cover the interest

Cash quality45

Whether reported profit actually arrives as cash

Growth & consistency92

Whether sales and profit have grown, and how steadily

Valuation25

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 45% vs last year
Profit up 167% vs last year
Promoters hold 66%
No promoter shares pledged
Strong 31% return on equity
Watch-outs
! Thin 2.9% net margin
! Carries high debt (D/E 1.0)
! Operating cash flow is negative

What if I invest in BHAGYANGR?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹447 +5.00%
latest close · 2026-09-17
1-year return
+826.3%
52-wk low ₹3452-wk high ₹447
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio17.6Average
LowAverageHigh
P/B ratio5.55High
Below bookModerateHigh
EV / EBITDA10.8Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity31.4%Strong
WeakFairStrong ▸15%
Return on capital48.4%Strong
WeakFairStrong
Net margin2.9%Thin
ThinDecentStrong
EBITDA margin5.5%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.01High
LowModerateHigh ▸1
Interest cover3.7×Okay
RiskyOkayStrong ▸5×
Current ratio1.67Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1,429 cr
Book value
₹80
EPS
₹6.33
latest quarter
Net debt
₹259 cr
owes more than its cash
Enterprise value
₹1,687 cr
EBITDA
₹156 cr
annualised
EBIT
₹148 cr
annualised
Operating margin
5.3%
Return on assets
12.8%
Earnings yield
5.67%
P/S
0.51
Sales / share
₹881.5
Tax rate
25.3%
Face value
₹2
Shares
3.2 cr
Working capital
₹221 cr
Current assets
₹549 cr
Current liabilities
₹329 cr
Delivery %
53.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹79₹102, midpoint ₹90

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹705 cr
Other Income₹79 L
Total Income₹706 cr
Cost of Materials₹588 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹54 cr
Employee Benefit Expense₹4 cr
Finance Costs₹10 cr
Depreciation & Amortisation₹2 cr
Other Expenses₹21 cr
Total Expenses₹679 cr
Profit before Tax₹27 cr
Tax Expense₹7 cr
Net Profit₹20 cr
Net margin on total income2.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹642 cr91.0%
Employee benefit expense₹4 cr0.6%
Finance costs₹10 cr1.4%
Depreciation & amortisation₹2 cr0.3%
Other expenses₹21 cr2.9%
Tax expense₹7 cr1.0%
Profit for the period₹20 cr2.9%
Total income ₹706 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue577 cr735 cr705 cr
Total income578 cr735 cr706 cr
Expenses560 cr711 cr679 cr
Profit before tax18 cr24 cr27 cr
Tax5 cr6 cr7 cr
Net profit (owners' share)13 cr18 cr20 cr
Net margin (owners' share, on revenue)2.2%2.5%2.9%
EPS (₹)4.015.786.33
YoY (latest quarter): total income +44.5% · net profit +167.4%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹635 cr
Shareholder equity
₹258 cr
parent shareholders
Total debt
₹259 cr
Cash
₹10.8 L
Cash flow · H1 FY26
Operating
₹-87 cr
Investing
₹5 cr
Financing
₹79 cr
Peer comparison
Commodities · by market value (sector-level match)
CompanyPriceMarket capP/E
Vedanta Aluminium Metal Limited₹404₹1.58 L cr7.0
KIOCL Limited₹338₹20,524 cr
Fine Organic Industries Limited₹5,202₹15,949 cr28.9
BASF India Limited₹3,602₹15,591 cr11.2
Vinati Organics Limited₹1,250₹12,959 cr29.8
Vedanta Iron and Steel Limited₹32₹12,442 cr27.4
SG Mart Limited₹712₹8,974 cr49.2
Galaxy Surfactants Limited₹2,257₹8,001 cr12.1
Fineotex Chemical Limited₹53₹6,171 cr32.3
Same sector · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.3
ex 23 Sep 2015
ActionDetailEx-date
Dividend₹0.3 / share23 Sep 2015
Dividend₹0.3 / share16 Sep 2014
Dividend₹0.4 / share19 Sep 2013
Dividend₹0.4 / share24 Sep 2012
Who owns it · 2026-08-17
No pledge
Promoter
65.8%
FII / Foreign
2.1%
DII / Domestic
2.1%
Retail / others
30.0%
Promoter stake down 8.0% over the last 12 quarters.
Smart-money activity
Insider trades
SoldSUNITA SURANA · Promoter Group44,820 · ₹15.2 L22 Dec 20
SoldNIKITA GUPTA · Other61,466 · ₹18.9 L14 Dec 20
BoughtNIKITA GUPTA · Other24,358 · ₹5.0 L14 Oct 20
Bulk / block deals
BoughtIRAGE BROKING SERVICES LLP · NSE1.85 L @ ₹140.4429 Oct 25
SoldIRAGE BROKING SERVICES LLP · NSE1.05 L @ ₹139.0629 Oct 25
BoughtIRAGE BROKING SERVICES LLP · NSE1.95 L @ ₹129.928 Oct 25
Stake changes
SoldNareder Surana · promoter→ 68.97% · 7.70 L31 Dec 25
SoldNarender Surana · promoter→ 71.37% · 6.61 L16 Aug 24
BothNarendra Surana Advait Surana,Advait Surana · promoter→ 73.44% · 17.50 L29 Jun 19
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Court Convened Meeting · 14 Mar 2026
See the official result
1
Approval of Composite Scheme of Arrangement between Bhagyanagar Copper Private Limited (“BCPL or Transferor Company”) and Bhagyanagar India Limited ("BIL or Transferee Company or Demerged Company"), and Tieramet Limited ("Tieramet or Resulting Company”) their respective Shareholders and Creditors.
Backed by 100% of shareholders other than promotersneeded 75%
73,403 votes for, 45 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 18 named members
owning 65.8% between them · as of 2026-08-17
SURANA INFOCOM PRIVATE LIMITED12.74%
DEVENDRA SURANA10.03%
MANISH SURANA8.76%
MANGILAL NARENDER SURANA7.49%
NAMRATA SURANA5.58%
SUNITA SURANA4.81%
RAHUL SURANA4.19%
ADVAIT SURANA3.26%
Business done with them
FY2025 · 6 of the group
The company paid ₹96 cr to companies in the promoter group last year — about 5.9% of its ₹1,627 cr revenue.
Devendra Surana
Transfers Under Finance Agreements To Entity · Interest paid, salary, loan taken, repaid, closing balance
also owns 10.03% of the company
₹45 cr
company paid
Surana Telecom And Power Limited
Transfers Under Finance Agreements To Entity · Interest expenses, loan taken, repaid, closing Balance
also owns 1.65% of the company
₹34 cr
company paid
Surana Infocom Private Limited
Transfers Under Finance Agreements To Entity · Interest Expense, loan taken, repaid, closing balance
also owns 12.74% of the company
₹11 cr
company paid
Devendra Surana
Paid them for services · Interest paid, salary, loan taken, repaid, closing balance
also owns 10.03% of the company
₹1 cr
company paid
Surana Telecom And Power Limited
Other payments to them · Interest expenses, loan taken, repaid, closing Balance
also owns 1.65% of the company
₹1 cr
company paid
Surana Infocom Private Limited
Other payments to them · Interest Expense, loan taken, repaid, closing balance
also owns 12.74% of the company
₹94.9 L
company paid
Devendra Surana
Other payments to them · Interest paid, salary, loan taken, repaid, closing balance
also owns 10.03% of the company
₹93.1 L
company paid
Manish Surana
Paid them for services · Salary
also owns 8.76% of the company
₹55 L
company paid
Advait Surana
Paid them for services · Salary
also owns 3.26% of the company
₹50 L
company paid
Namrata Surana
Paid them for services · salary
also owns 5.58% of the company
₹28.9 L
company paid

The company also transacted with 11 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.