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Last Updated on: 17 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Bhagyanagar India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 3:49 pm

Market Cap 314 Cr.
Current Price 98.2
High / Low129/62.6
Stock P/E29.5
Book Value 62.1
Dividend Yield0.00 %
ROCE8.06 %
ROE6.36 %
Face Value 2.00
PEG Ratio0.26

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Bhagyanagar India Ltd

Competitors of Bhagyanagar India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Baroda Extrusion Ltd 131 Cr. 8.7615.0/2.51 2.630.00 %6.20 %% 1.00
ABC Gas (International) Ltd 22.0 Cr. 111111/49.6 21.00.00 %13.5 %15.6 % 10.0
Sagardeep Alloys Ltd 43.8 Cr. 25.740.4/22.245.2 16.90.00 %5.54 %2.78 % 10.0
Rajnandini Metal Ltd 265 Cr. 9.5921.4/8.80157 1.960.00 %21.3 %31.1 % 1.00
Precision Wires India Ltd 3,072 Cr. 172221/10437.7 30.20.61 %25.4 %15.2 % 1.00
Industry Average4,887.83 Cr91.4254.8725.050.11%12.28%11.68%5.00

All Competitor Stocks of Bhagyanagar India Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales227.87295.57326.81347.11377.75521.96414.18338.99430.25663.17346.27339.79334.98
Expenses223.65289.03319.24338.99371.48513.73408.30333.56421.55648.48339.81331.92326.29
Operating Profit4.226.547.578.126.278.235.885.438.7014.696.467.878.69
OPM %1.85%2.21%2.32%2.34%1.66%1.58%1.42%1.60%2.02%2.22%1.87%2.32%2.59%
Other Income0.85-0.180.010.250.240.270.040.150.110.6342.680.240.09
Interest2.122.942.782.782.423.843.542.903.345.443.413.353.73
Depreciation1.351.591.381.381.381.571.431.431.481.581.481.481.52
Profit before tax1.601.833.424.212.713.090.951.253.998.3044.253.283.53
Tax %16.88%63.39%33.63%30.64%22.14%31.07%35.79%36.00%26.57%30.12%14.10%23.48%21.81%
Net Profit1.330.672.262.912.112.120.610.802.935.8038.012.512.76
EPS in Rs0.420.210.710.910.660.660.190.250.921.8111.880.780.86

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1911972342792993105135695627871,5741,8471,684
Expenses1691842222692902955005505477691,5431,8121,646
Operating Profit2213121091413191519303538
OPM %11%7%5%3%3%5%2%3%3%2%2%2%2%
Other Income1667772121101144
Interest317888648108121516
Depreciation6876654456666
Profit before tax14322517915131459
Tax %53%12%2%-20%-14%-3%24%26%12%33%17%30%
Net Profit03333513613111049
EPS in Rs0.070.520.500.540.391.683.971.980.331.093.463.1715.33
Dividend Payout %545%77%61%56%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)0.00%0.00%0.00%66.67%160.00%-53.85%-83.33%200.00%266.67%-9.09%
Change in YoY Net Profit Growth (%)0.00%0.00%0.00%66.67%93.33%-213.85%-29.49%283.33%66.67%-275.76%

Bhagyanagar India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2013-2014 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:20%
5 Years:20%
3 Years:22%
TTM:-14%
Compounded Profit Growth
10 Years:14%
5 Years:12%
3 Years:46%
TTM:-78%
Stock Price CAGR
10 Years:18%
5 Years:39%
3 Years:30%
1 Year:56%
Return on Equity
10 Years:4%
5 Years:5%
3 Years:7%
Last Year:6%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:36 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital13131313666666666
Reserves19820520720897109116117120131141187192
Borrowings86110123102764611466155179220101239
Other Liabilities11108131456142135563941
Total Liabilities308338351336193166241203302351424334479
Fixed Assets176206206206726377818177807781
CWIP17111000000000
Investments19282926000000000
Other Assets96104115104121103164122221275344256397
Total Assets308338351336193166241203302351424334479

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +1133-1723-1428-4849-76-4-4096
Cash from Investing Activity +10-24-232831-17-13-2-1339
Cash from Financing Activity +-21-612-27-13-4954-35771427-133
Net Cash Flow03-7-1011-111-19-93

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow22.00-73.00-98.00-113.00-93.00-62.00-33.00-95.00-51.00-136.00-149.00-185.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days525342384325243141232425
Inventory Days642167507334704243263123
Days Payable9421032388686
Cash Conversion Cycle107701067811356926576424642
Working Capital Days117831068310749866390535657
ROCE %4%3%3%3%6%7%8%5%6%8%9%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters73.95%73.91%73.91%73.91%73.91%73.91%74.66%74.71%74.41%73.76%72.33%71.65%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.21%0.15%
DIIs0.85%0.85%0.82%0.00%0.82%0.82%0.77%0.49%0.33%0.00%0.00%0.00%
Government0.28%0.28%0.28%0.28%0.28%0.28%0.28%0.28%0.28%0.28%0.28%0.28%
Public24.92%24.96%24.99%25.81%24.98%24.99%24.29%24.52%24.97%25.95%27.17%27.92%
No. of Shareholders11,80111,55611,75311,72511,86211,51911,05210,75013,22013,52115,00318,238

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)14.293.173.461.090.32
Diluted EPS (Rs.)14.293.173.461.090.32
Cash EPS (Rs.)16.365.025.252.821.94
Book Value[Excl.RevalReserv]/Share (Rs.)60.4446.1542.9839.5238.43
Book Value[Incl.RevalReserv]/Share (Rs.)60.4446.1542.9839.5238.43
Revenue From Operations / Share (Rs.)447.17577.15491.84246.09175.76
PBDIT / Share (Rs.)23.7311.149.685.964.96
PBIT / Share (Rs.)21.659.287.894.233.35
PBT / Share (Rs.)17.464.534.191.630.36
Net Profit / Share (Rs.)14.293.173.461.090.32
NP After MI And SOA / Share (Rs.)14.293.173.461.090.32
PBDIT Margin (%)5.301.921.962.422.82
PBIT Margin (%)4.841.601.601.711.90
PBT Margin (%)3.900.780.850.660.20
Net Profit Margin (%)3.190.540.700.440.18
NP After MI And SOA Margin (%)3.190.540.700.440.18
Return on Networth / Equity (%)23.646.868.052.750.84
Return on Capital Employeed (%)27.3114.3513.168.507.43
Return On Assets (%)13.702.383.151.150.51
Long Term Debt / Equity (X)0.230.390.340.250.17
Total Debt / Equity (X)0.521.491.301.190.49
Asset Turnover Ratio (%)3.784.763.922.302.43
Current Ratio (X)3.181.571.711.542.02
Quick Ratio (X)2.140.901.060.931.06
Inventory Turnover Ratio (X)11.2014.1112.277.736.46
Interest Coverage Ratio (X)5.662.342.622.291.66
Interest Coverage Ratio (Post Tax) (X)4.411.671.941.421.11
Enterprise Value (Cr.)357.47369.55310.02284.72104.15
EV / Net Operating Revenue (X)0.240.200.190.360.18
EV / EBITDA (X)4.7110.3710.0114.936.56
MarketCap / Net Operating Revenue (X)0.180.080.090.170.08
Price / BV (X)1.351.021.041.090.37
Price / Net Operating Revenue (X)0.180.080.090.170.08
EarningsYield0.170.060.070.020.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Bhagyanagar India Ltd as of November 17, 2024 is: 118.84

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 17, 2024, Bhagyanagar India Ltd is Undervalued by 21.02% compared to the current share price 98.20

Intrinsic Value of Bhagyanagar India Ltd as of November 17, 2024 is: 256.08

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 17, 2024, Bhagyanagar India Ltd is Undervalued by 160.77% compared to the current share price 98.20

Last 5 Year EPS CAGR: 115.48%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (156.00 cr) compared to borrowings (124.38 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (303.38 cr) and profit (10.38 cr) over the years.
  1. The stock has a low average ROCE of 5.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 79.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 74.42, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bhagyanagar India Ltd:
    1. Net Profit Margin: 3.19%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 27.31% (Industry Average ROCE: 12.28%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 23.64% (Industry Average ROE: 11.68%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 4.41
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 2.14
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 29.5 (Industry average Stock P/E: 54.87)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.52
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Bhagyanagar India Ltd. is a Public Limited Listed company incorporated on 12/03/1991 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L27201TG1985PLC012449 and registration number is 012449. Currently Company is involved in the business activities of Manufacture of copper from ore, and other copper products and alloys. Company’s Total Operating Revenue is Rs. 1090.73 Cr. and Equity Capital is Rs. 6.40 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Metals - Non Ferrous - Copper/Copper Alloys - ProdPlot No.P-9/13/1 & P-9/14, IDA, Nacharam, Hyderabad Telangana 500076investorservices_bil@surana.com
http://www.bhagyanagarindia.com
Management
NamePosition Held
Mr. Devendra SuranaManaging Director
Mr. Narender SuranaManaging Director
Mr. N C BhardwajWhole Time Director
Ms. Sanjana JainIndependent Director
Mr. R Surender ReddyIndependent Director
Mr. Kamlesh GandhiIndependent Director

FAQ

What is the latest intrinsic value of Bhagyanagar India Ltd?

The latest intrinsic value of Bhagyanagar India Ltd as on 17 November 2024 is ₹118.84, which is 21.02% higher than the current market price of ₹98.20.

What is the Market Cap of Bhagyanagar India Ltd?

The Market Cap of Bhagyanagar India Ltd is 314 Cr..

What is the current Stock Price of Bhagyanagar India Ltd as on 17 November 2024?

The current stock price of Bhagyanagar India Ltd as on 17 November 2024 is ₹98.2.

What is the High / Low of Bhagyanagar India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Bhagyanagar India Ltd stocks is 129/62.6.

What is the Stock P/E of Bhagyanagar India Ltd?

The Stock P/E of Bhagyanagar India Ltd is 29.5.

What is the Book Value of Bhagyanagar India Ltd?

The Book Value of Bhagyanagar India Ltd is 62.1.

What is the Dividend Yield of Bhagyanagar India Ltd?

The Dividend Yield of Bhagyanagar India Ltd is 0.00 %.

What is the ROCE of Bhagyanagar India Ltd?

The ROCE of Bhagyanagar India Ltd is 8.06 %.

What is the ROE of Bhagyanagar India Ltd?

The ROE of Bhagyanagar India Ltd is 6.36 %.

What is the Face Value of Bhagyanagar India Ltd?

The Face Value of Bhagyanagar India Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bhagyanagar India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE