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Bhagyanagar India
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Bhagyanagar India Management and History
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Company History
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.
Bhagyanagar India Share Price
Bhagyanagar India share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Bhagyanagar India Market Cap
Market capitalization of Bhagyanagar India indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Bhagyanagar India is valued compared to its competitors.
Bhagyanagar India PE Ratio
Bhagyanagar India PE ratio helps investors understand what is the market value of each stock compared to Bhagyanagar India 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
Bhagyanagar India PEG Ratio
The PEG ratio of Bhagyanagar India evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Bhagyanagar India ROE (Return on Equity)
Return on Equity (ROE) measures how effectively Bhagyanagar India generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Bhagyanagar India ROCE (Return on Capital Employed)
Return on Capital Employed (ROCE) evaluates the profitability of Bhagyanagar India in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Bhagyanagar India Total Debt
Total debt of Bhagyanagar India shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
Bhagyanagar India Debt to Equity Ratio
The Debt-to-Equity (DE) ratio of Bhagyanagar India compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
Bhagyanagar India CAGR (Compound Annual Growth Rate)
CAGR shows the consistent growth rate of Bhagyanagar India over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Bhagyanagar India Technical Analysis
Technical analysis of Bhagyanagar India helps investors get an insight into when they can enter or exit the stock. Key components of Bhagyanagar India Technical Analysis include:
Support Levels (S1, S2, S3)
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
Resistance Levels (R1, R2, R3)
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Bhagyanagar India shares often struggle to rise above due to selling pressure.
Bhagyanagar India Dividends
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Bhagyanagar India ’s financial health and profitability.
Bhagyanagar India Bonus Shares
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Bhagyanagar India Stock Split
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
Bhagyanagar India Financials
The financials of Bhagyanagar India provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
Bhagyanagar India Profit and Loss Statements
The profit and loss statement of Bhagyanagar India highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Bhagyanagar India .
Bhagyanagar India Balance Sheet
The balance sheet presents a snapshot of Bhagyanagar India ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Bhagyanagar India Cashflow Statements
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
SEBI REGISTERED RESEARCH ANALYST REGISTRATION NUMBER: INH000015729Disclaimer: "Investments in securities are subject to market risks. Read all the related documents carefully before investing." Receiving registration from SEBI and certification from NISM does not assure the performance of the intermediary or guarantee returns to investors in any manner. Compliance Email: [email protected]
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