Bhagyanagar India Ltd

NSE
BHAGYANGR •
BUY

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
130.61% Gain from 52W Low
59.5
TTM PE Ratio
Low in industry
6.7
Price to Book Ratio
Below industry Median
2.2
Dividend yield 1yr %
0
TTM PEG Ratio
0
RSI
RSI is mid-range
52.9
MFI
MFI is mid-range
55.4

Bhagyanagar India Ltd Key Financials

*All values are in ₹ Cr.

Bhagyanagar India Ltd shareholding Pattern

Promoter
73.8%
Domestic Institutions
0.3%
Public
26%

Bhagyanagar India Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
13
Bearish Moving Averages
3
5Day EMA
103.30
10Day EMA
103.00
12Day EMA
102.80
20Day EMA
101.70
26Day EMA
100.70
50Day EMA
95.70
100Day EMA
87.00
200Day EMA
76.10
Delivery & Volume
Resistance & Support
101.73
Pivot
Resistance
First Resistance
105.47
Second Resistance
108.08
Third Resistance
111.82
Support
First Support
99.12
Second support
95.38
Third Support
92.77
Relative Strength Index
52.93
Money Flow Index
55.38
MACD
2.07
MACD Signal
2.42
Average True Range
7.06
Average Directional Index
23.87
Rate of Change (21)
9.07
Rate of Change (125)
53.05

Bhagyanagar India Ltd Company background

Founded in: 1985
Managing director: Narender Surana
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 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 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 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.During 200506, 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 200607, the Company launched two more copper products Copper Solar Fins 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 200910. 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 201112. In the year 201415, the Company focused on its core business Copper, its allied products and Solar Wind Power Generation.During year 201516, 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.
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Bhagyanagar India Ltd FAQs

Bhagyanagar India Ltd shares are currently priced at 102.85 on NSE and 102.98 on BSE as of 2/21/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Bhagyanagar India Ltd [BHAGYANGR] share was 109.68. The Bhagyanagar India Ltd [BHAGYANGR] share hit a 1-year low of Rs. 44.6 and a 1-year high of Rs. 119.4.

The market cap of Bhagyanagar India Ltd is Rs. 329.07 Cr. as of 2/21/2024 12:00:00 AM.

The PE ratios of Bhagyanagar India Ltd is 7.75 as of 2/21/2024 12:00:00 AM.

The PB ratios of Bhagyanagar India Ltd is 1.9 as of 2/21/2024 12:00:00 AM

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