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Bhagyanagar India Limited (BHAGYANGR) Fair Value & Analysis

Basic Materials · IN · Market cap ₹12.5B

BI Bhagyanagar India Limited BHAGYANGR · NSE
Price₹379.10
Fair Value₹266.58
Upside-29.7%
Quality54/100
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Expensive Growth
Thin margins · 2.1% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Narrow moat 44/100
Evidence: High Range ₹166.13 – ₹390.72 Share as image

Fair value as of: Aug 2, 2026

From 25 valuation models · updated 11 days ago

Share price +1.0% over the past month.

A solid business, but screening 30% overvalued on our models.

What matters now

  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹166.13 to ₹390.72) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹431.85 ₹35.20 Fair Value ₹266.58 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹35.20 – ₹431.85 · fair‑value band ₹166.13 – ₹390.72 · the ₹379.10 price screens above the ₹266.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Bhagyanagar India Limited (BHAGYANGR) currently trades at ₹379.10, while our model-based Fair Value estimate is ₹266.58, implying the stock looks roughly 29.7% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Bhagyanagar India Limited generated revenue of ₹23.8B at a net margin of 2.1%. Revenue grew 61.8% year over year. It earns a return on equity of 21.6%. Net debt stands at ₹2.6B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹166.13 (bear case) to ₹390.72 (bull case); at ₹379.10, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 393% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -30%, BHAGYANGR screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹26.87 ₹68.53 ₹144.93 80
Residual Income ₹107.44 ₹154.06 ₹878.57 76
ROIC Compounder ₹281.15 ₹403.54 ₹570.74 72
All 25 models by family
DCF Models
FCF DCF ₹28.39 ₹60.30 ₹145.63 38
Owner Earnings ₹189.43 ₹424.07 ₹896.14 31
5Y Revenue Exit ₹205.09 ₹461.45 ₹883.44 39
5Y EBITDA Exit ₹169.36 ₹381.82 ₹705.33 41
5Y P/E Exit ₹135.88 ₹316.71 ₹546.96 38
10Y Revenue Exit ₹139.84 ₹384.77 ₹773.68 36
10Y EBITDA Exit ₹126.05 ₹320.72 ₹676.95 37
10Y P/E Exit ₹102.81 ₹260.69 ₹529.36 35
Earnings-Based
Graham-Dodd ₹106.63 ₹685.37 ₹958.36 54
Lynch FV ₹198.68 ₹283.83 ₹368.97 50
PEG = 1.0 ₹198.68 ₹283.83 ₹368.97 46
EPV ₹229.13 ₹269.52 ₹304.86 59
Dividend Discount
Gordon GGM ₹0.0700 ₹0.1500 ₹0.2400 70
DDM Multi-Stage ₹0.0700 ₹0.1300 ₹0.1600 61
Multiples
P/E Multiple ₹199.93 ₹266.58 ₹333.22 63
P/S Multiple ₹199.93 ₹266.58 ₹333.22 58
P/B Multiple ₹181.12 ₹241.50 ₹301.87 55
EV/EBIT ₹310.87 ₹418.90 ₹526.93 53
EV/EBITDA ₹235.59 ₹318.52 ₹401.45 54
EV/Revenue ₹267.66 ₹388.03 ₹508.41 43
Asset-Based
NCAV (Graham) ₹40.25 ₹53.93 ₹80.50 50
Growth DCF
Growth DCF ₹26.87 ₹68.53 ₹144.93 80
Economic Profit
Residual Income ₹107.44 ₹154.06 ₹878.57 76
ROIC Compounder ₹281.15 ₹403.54 ₹570.74 72
Growth Earnings
Growth-Adj P/E ₹256.63 ₹366.62 ₹476.60 68

Widest divergence: Growth Earnings (₹366.62) versus Dividend Discount (₹0.1300). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹23.8B
Revenue growth (YoY) +61.8%
Net margin 2.1%
Return on equity 21.6%
Free cash flow ₹88.8M FY2026
P/E ratio 25.0
More key figures
Operating margin 4.7%
EPS (TTM) ₹15.69
EPS growth (YoY) +305%
Net debt ₹2.6B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 52 · Market factors (momentum, volatility) 72

Profitability 59
Margins and returns on capital today
Quality Growth 85
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 20
Calm price path (market factor)
Momentum 92
Price trend over the last 3–12 months (market factor)
52W Momentum 95
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Bhagyanagar India Limited manufactures and distributes copper products in India. It offers copper flats/bus bars, wires and rods, foils and sheets, nuggets, and tubes and pipes, paper insulated copper conductors, and yoke assemblies and solenoid switches for auto electrical motors.

Full company description

Bhagyanagar India Limited manufactures and distributes copper products in India. It offers copper flats/bus bars, wires and rods, foils and sheets, nuggets, and tubes and pipes, paper insulated copper conductors, and yoke assemblies and solenoid switches for auto electrical motors. It also provides solar flat plate collectors, commutators, solar fins, field coils and armature pins, submersible wires, and heating elements/thermostats/immersion heaters. The company serves equipment manufacturers in the auto electrical, solar water heater, and electrical engineering industries. Bhagyanagar India Limited was formerly known as Bhagyanagar Metals Ltd. and changed its name to Bhagyanagar India Limited in September 2006. The company was incorporated in 1985 and is based in Hyderabad, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Bhagyanagar India Limited reported revenue of ₹23.8B in FY2026 versus ₹15.7B in FY2022, a compound +10.9%/yr. Reported net income was ₹502M in FY2026, compounding +45.9%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹23.8B
Latest YoY
+46.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+24.8%
Avg. growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.2%
Revenue +10.9%/yr
FY22 ₹15.7B
FY23 ₹18.5B
FY24 ₹14.3B
FY25 ₹16.3B
FY26 ₹23.8B
Net income +45.9%/yr
FY22 ₹111M
FY23 ₹101M
FY24 ₹457M
FY25 ₹140M
FY26 ₹502M

BHAGYANGR screens 30% overvalued. Compare with Southern Copper Corporation →

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Cite: Fair Value Calculator (2026). "Bhagyanagar India Limited Fair Value". https://www.fairvalue-calculator.com/stock/BHAGYANGR

Peer Group

Copper · 60 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 54 · Above median
Fair Value upside −30% · Above median
Return on equity (TTM) 22% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 2% · Above median
Operating margin (TTM) 5% · Below median
Revenue growth 62% · Top 25%
Debt / equity 0.17× · Higher than median

Valuation Multiples vs Copper median · lower = cheaper

P/E (TTM) 25.0× · Pricier than median
P/B 4.87× · Pricier than 75% of peers
P/S (TTM) 0.53× · Cheaper than median
P/FCF 1.5× · Cheaper than 75% of peers
EV/EBITDA 12.2× · Pricier than median
PEG 1.82× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 100
PAST 86 · sector 28
HEALTH 92 · sector 93
DIVIDEND 0 · sector 19

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Copper stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Southern Copper Corporation SCCO $175.66 $86.74 -51%
Freeport-McMoRan Inc FCX $61.52 $22.81 -63%
Lundin Mining Corporation LUN C$34.86 C$18.67 -46%
Jiangxi Copper Company 600362 ¥39.03 ¥35.19 -10%
Tongling Nonferrous Metals Group 000630 ¥5.79 ¥3.06 -47%
Hudbay Minerals Inc HBM C$28.58 C$21.79 -24%
Zhejiang Hailiang Co 002203 ¥16.66 ¥7.00 -58%
Capstone Copper Corp CSC A$13.06 A$7.28 -44%
Yunnan Copper Co 000878 ¥14.32 ¥9.12 -36%
China Nonferrous Mining Corporation 1258 HK$14.75 HK$1.76 -88%

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Frequently asked questions

Is Bhagyanagar India Limited (BHAGYANGR) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹266.58 versus a price of ₹379.10, about −30% (overvalued).
What is the fair value of BHAGYANGR?
Our model-based fair value for Bhagyanagar India Limited is ₹266.58 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹379.10.
What is the quality score of BHAGYANGR?
Bhagyanagar India Limited has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Bhagyanagar India Limited (BHAGYANGR)?
Bhagyanagar India Limited reported trailing-twelve-month revenue of about ₹23.8B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of BHAGYANGR?
The net profit margin of Bhagyanagar India Limited is about 2.1%, meaning it keeps roughly 2.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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