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Bhagyanagar India Ltd Performance

Today's Low
109.50
arrowIcon
Today's High
111.95
52 Wk Low
52.90
arrowIcon
52 Wk High
125.95


Open

111.53

Traded Value (Cr)

0.27

Prev. Close

111.37

Face Value

2

Volume

24578

Bhagyanagar India Ltd Fundamentals

Market Cap
₹ 354.98 Cr
P/E Ratio (TTM)
7.76
P/B Ratio
1.84
Debt to Equity
1.40
ROE
4.63
EPS (TTM)
14.29
Dividend Yield
0.00 %
Book Value
60.44

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Bhagyanagar India Ltd Financials

Bhagyanagar India Ltd Financials

Bhagyanagar India Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 72.34 % 73.76 % 74.41 % 74.71 %
Retail 24.16 % 22.78 % 22.08 % 21.98 %
Others 3.29 % 3.46 % 3.51 % 3.31 %
FII 0.21 % 0.00 % 0.00 % 0.00 %
Mutual Funds 0.00 % 0.00 % 0.00 % 0.00 %

Promoters

72.34%

Retail

24.16%

Others

3.29%

FII

0.21%

Mutual Funds

0.00%

Promoters

73.76%

Retail

22.78%

Others

3.46%

FII

0.00%

Mutual Funds

0.00%

Promoters

74.41%

Retail

22.08%

Others

3.51%

FII

0.00%

Mutual Funds

0.00%

Promoters

74.71%

Retail

21.98%

Others

3.31%

FII

0.00%

Mutual Funds

0.00%

Resistance and Support

₹110.94

PIVOT

resistance-arrow
Resistance
First Resistance₹112.380
Second Resistance₹113.390
Third Resistance₹114.830
support-arrow
Support
First Support₹109.930
Second Support₹108.490
Third Support₹107.480

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day260,84570,02853.62
Week130,60864,269-46.61
1 Month130,60864,201-46.61
6 Months30,544,71412,971,95050.94

About Bhagyanagar India Ltd

Incorporated in 1985 and controlled by the Surana group, Bhagyanagar India Ltd (Formerly known as Bhagyanagar Metals Ltd) is engaged in manufacture of copper products. The Company started with the manufacture of non-ferrous metal products like copper rods and lead sleeves. A copper division was acquired through the takeover of two units, India Extrusion and Gangappa Industries. The product profile now includes enamelled and paper-covered copper strips which are used by Lucas, TVS, BHEL, Crompton Greaves and Sahney Paris. With the acquisition of Insulation and Plastics Pvt Ltd, it entered into the manufacture of PVC coated fabrics (inst. cap.: 36 lac tpa) like PVC foam leather. In 1993-94, Bhagyanagar Metals embarked upon a forward integration of its copper division to manufacture jelly-filled telephone cables and later expanded its capacity to 10 lac tpa to meet the increasing demand. BML's main line of activity is jelly-filled telephone cables and jointing kits which are supplied to cable manufacturing companies and the Department of Telecommunications. During 1995-96, the company envisaged an expansion of Rs.2 crores for the PCM cable unit and approval of Department of Telecommunications (DOT) has been obtained for the company's product. During 1996-97, the company set up a unit for manufacture of field coils thereby making a forward integration for one of its units. In 1999-2000, the company commissioned a new unit for manufacture of jelly filled cable [unit II] with a capacity of 6 LCKM at IDA Nacharam. The unit commenced commercial production in September 1999 and the total nominal capacity for Jelly Filled Telephone Cable of the Company stands increased to 49 LCKM. During 2001 the company's new production facility for the manufacture of Poly Insulated Jelly Filled Telephone Cables at Goa was established and the work on this has already commenced.The project went into production in August,2001. Since the Auto Ancillary industry has a strong presence the company plans to foray into manufacture of Automotive Components as OEM products. The company gone in for Buy Back of Equity Shares of 3493610 equity shares @ Rs.65/-per share. It also made second buy back of equity shares in 2002-03 comprising 121115 equity shares @ Rs.65 per share. Subsequent to this buy back of shares the share capital stands reduced to 6302528 equity shares of Rs.10 each. During 2005-06, the Company incorporated a 100% Subsidiary Company in the name and style of Bhagyanagar Telecom Limited for the purpose of Telecom Products related activities. It also floated a Special Purpose Vehicle (SPV) with 36% stake, along with other entities in the name and style of Designer Real Estate India Private Limited to engage in the business of Infrastructure and Real Estate development related activities. Besides, it incorporated Bhagynagar Properties Limited, a 100% Subsidiary for the purpose of Real Estate, Infrastructure and Development related activities. The Company changed its name to Bhagyanagar India Limited from Bhagyanagar Metals Limited in view of the diversified business activities effective 07 Aug. 2006. During 2006-07, the Company launched two more copper products Copper Solar Fin's & Copper Bus Bars. The Company through its subsidiaries Bhagyanagar properties Ltd and Scientia Infocom India Ltd has acquired 25 Acres of land at Gachibowli, Hyderabad; it acquired 50 Acres of land in a Sri City multi product SEZ, at Tada near Chennai. It ventured into Construction business. It commissioned the Wind Power Project with an installed capacity of 9 MW in 2 phases on 30.09.06 and 30.03.07 by installing 7 Wind Turbine Generators at Kapatguda, Gadag District in Karnataka. The Company installed another 1.5 MW Wind Turbine Generator in the state of Tamilnadu which was commissioned on 30th June 2009. It changed the name of Copper Unit presently run in the name of M/s India Extrusion to M/s Bhagyanagar India Limited during 2009-10. It further installed another 1.65 MW Wind Turbine Generator in the state of Tamilnadu which was commissioned on 08.03.2010. It commenced the production for Auto Sector effective from 01.08.2010. The Company invested to the extent of 74% in the equity shares of M/s. Solar Dynamics Private Limited on 4th June,2012 and by virtue of the same it became the subsidiary of the Company during 2011-12. In the year 2014-15, the Company focused on its core business Copper, its allied products and Solar & Wind Power Generation. During year 2015-16, as per the Scheme of Arrangement between the Company, Surana Telecom and Power Limited (STPL) and Bhagyanagar Properties Private Limited (BPPL), the Solar Business including 5 MW solar power plant and investments in solar related companies was demerged to STPL. Investments in real estate subsidiaries along with loans given to them was demerged to BPPL. Accordingly, the Scheme was made effective from 1st April, 2016. In Consideration of vesting of solar division into STPL and real estate division into BPL, the equity shares were allotted by resulting companies in the following share exchange ratio: For every 6 equity shares of Rs.2/- each of BIL as on record date, will continue to hold 3 equity shares of Rs.2/- each of BIL, and will get 4 equity shares of Re.1/- each of STPL and 3 equity shares of Rs.2/- each of BPL. As a result, the equity shares got listed on the Stock Exchanges w.e.f. 17.05.2017.

Managing Director

Narender Surana

Founded

1985

NSE Symbol

BHAGYANGR

Bhagyanagar India Ltd Management

NameDesignation
Narender SuranaManaging Director
Devendra SuranaManaging Director
R Surender ReddyIndependent Director
Kamlesh GandhiIndependent Director
Sanjana JainIndependent Director
Naresh Chand BhardwajWhole-time Director
Lalit Kumar ThanviCompany Sec. & Compli. Officer

Bhagyanagar India Ltd News

Bhagyanagar India consolidated net profit declines 57.93% in the March 2024 quarter
Sales decline 38.22% to Rs 409.68 crore
Bhagyanagar India to announce Quarterly Result
On 21 May 2024
Bhagyanagar India consolidated net profit declines 5.80% in the December 2023 quarter
Sales decline 22.14% to Rs 334.98 crore
Bhagyanagar India to declare Quarterly Result
On 27 January 2024
Bhagyanagar India consolidated net profit rises 213.75% in the September 2023 quarter
Sales rise 0.24% to Rs 339.79 crore
Bhagyanagar India to convene board meeting
On 8 November 2023
Bhagyanagar India to convene AGM
On 27 September 2023
Bhagyanagar India schedules board meeting
On 25 August 2023
Bhagyanagar India consolidated net profit rises 6131.15% in the June 2023 quarter
Sales decline 16.40% to Rs 346.27 crore
Bhagyanagar India to convene board meeting
On 10 August 2023

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Bhagyanagar India Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Bhagyanagar India Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Bhagyanagar India Ltd's share price is ₹111.37 as of June 20, 2024 at 11:19 AM

Bhagyanagar India Ltd's P/E ratio is 7.76 times as of June 20, 2024 at 11:19 AM.

Bhagyanagar India Ltd's most recent financial reports indicate a price-to-book ratio of 1.84, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Bhagyanagar India Ltd's market is 355 Cr as on June 20, 2024 at 11:19 AM.

The current financial records of Bhagyanagar India Ltd show a 4.63% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Bhagyanagar India Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

The 52-week high/low price of a Bhagyanagar India Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Bhagyanagar India Ltd's 52-week high and low as of June 20, 2024 at 11:19 AM are ₹125.95 and ₹52.9 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Bhagyanagar India Ltd stands at 72.34%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 0.00% to 0.21%.