Bhagyanagar India Ltd

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NSEBSE

99.303.85 (4.03%)

12:00 AM,2nd Mar 2024

99.444.20 (4.41%)

12:00 AM,2nd Mar 2024

BSE : 512296

NSE : BHAGYANGR

Sector : Metals & Mining

ISIN Code : INE458B01036

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Last Updated: Mar 02 2024 | 12:00 AM IST

Market Cap (₹ Cr)

317

Turnover (₹ Cr)

0.06

Volume (Shares)

60064

Face Value

2

52-WK High

119.40

52-WK High Date

06 Feb 2024

52-WK Low

44.60

52-WK Low Date

21 Mar 2023

All Time High

119.40

All Time High Date

06 Feb 2024

All Time Low

0.90

All Time Low Date

02 Mar 1998

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 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 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 June2012 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 Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

317

EPS - TTM (₹) [S]

13.29

P/E Ratio (X) [S]

1.83

Face Value (₹) 2
Latest Dividend (%)15.00
Latest Dividend Date 23 Sep 2015
Dividend Yield (%) -
Book Value Share (₹) [S]54.16
P/B Ratio (₹) [S]1.83
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

95.50

100.20

Week Low/High

92.50

105.00

Month Low/High

92.50

119.00

Year Low/High

44.60

119.00

All time Low/High

1.20

119.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-1.10%-1.10%0.910.75%
1 Month1.61%1.48%2.392.40%
3 Month45.13%44.12%9.3710.41%
6 Month41.80%41.65%12.8815.14%
1 Year106.70%106.44%25.2929.19%
3 Year94.32%94.32%46.7450.00%

Company Info

Company Information

Managing Director : Narender Surana

Managing Director : Devendra Surana

Independent Director : R Surender Reddy

Independent Director : Kamlesh Gandhi

Independent Director : Sanjana Jain

Whole-time Director : Naresh Chand Bhardwaj

Company Sec. & Compli. Officer : Lalit Kumar Thanvi

Registered Office: 5th Floor Surya Towers, Sardar Patel Road,Secunderabad,Telangana-500003 Ph: 91-40-27845119/44665750

Email:surana@surana.com

URL:http://www.bhagyanagarindia.com