Bhagyanagar India Ltd
BHAG

Bhagyanagar India Ltd (BHAGYANGR)

₹41.950.84%

Key Stats

₹41.4
Day's Price Range
₹42.35
₹34.15
52-Week Price Range
₹60
1 Month Return-1.31 %
3 Month Return4.13 %
1 Year Return-16.97 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 45
14.26
EPS
Rank 85
₹2.94
BVPS
Rank 94
₹39.52
Dividend Yield
Rank 72
ROE
Rank 164
0.78%
Price To Book Ratio
Rank 38
1.06
Debt To Asset
Rank 54
0.58

Company Information

Incorporated in 1985 and controlled by the Surana group Bhagyanagar Metals BML started with the manufacture of nonferrous 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 papercovered 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 199394 Bhagyanagar Metals embarked upon a forward integration of its copper division to manufacture jellyfilled telephone cables and later expanded its capacity to 10 lac tpa to meet the increasing demand. BMLs main line of activity is jellyfilled telephone cables and jointing kits which are supplied to cable manufacturing companies and the Department of Telecommunications.During 199596 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 companys product. During 199697 the company set up a unit for manufacture of field coils thereby making a forward integration for one of its units.In 19992000 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 companys 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 August2001. 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 200203 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.
OrganisationBhagyanagar India Ltd
HeadquartersSecunderabad
IndustryMining & Mineral products