Volume (copper sales)
24,000 MT
+34% YoY
Volume growth driven by capacity expansion and strong demand.
BHAGYANAGARINDIA
Diversified
28 Apr 2026
Bhagyanagarindia Ltd — Q4 FY26
Bhagyanagar India delivered an outstanding FY26, crossing ₹2,000 crore revenue for the first time, with PAT exceeding ₹50 crore.
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
Bhagyanagar India delivered an outstanding FY26, crossing ₹2,000 crore revenue for the first time, with PAT exceeding ₹50 crore. Q4 was the strongest quarter at ₹735 crore revenue and ₹18.5 crore PAT. The company achieved 5% EBITDA margin in Q3 and Q4, driven by a shift to value-added products (62% of mix) and higher volumes (24,000 MT, +34% YoY). Management guided for 20% volume CAGR to reach ₹5,000 crore revenue by FY30, with 5% EBITDA margin sustainable. Key growth drivers include AI data center products (silver/tin busbars), plastic recycling, and EPR opportunities. Risks include potential volume dip in Q1 due to scrap sourcing disruptions from Gulf shipping delays, though management expects only marginal impact.
Key Numbers
Value-added product mix
62%
+10pp YoY
Shift from commodity to value-added products boosting margins.
EBITDA per kg
₹62/kg
+44% YoY
Q4 EBITDA per kg reached ₹62, reflecting margin improvement.
ROE
19.5%
+12.7pp YoY
Return on equity improved sharply from 6.8% in FY25.
Management Guidance
Revenue target of ₹5,000 crore by FY30
Management targets doubling revenue to ₹5,000 crore in 3 years, implying 20-25% CAGR.
Management guidance revenueVolume growth of 20% CAGR
Volume growth expected at 15-20% annually, with price growth adding ~5%.
Management guidance growthEBITDA margin of 5% sustainable
Management confident of maintaining ~5% EBITDA margin going forward.
Management guidance marginsCapex of ₹40 crore over 2 years
Planned capex includes capacity expansion, plastic recycling, and heat recovery systems.
Management guidance capexKey Risks
Scrap sourcing disruption from Gulf shipping delays
Geopolitical tensions have delayed scrap shipments transiting through Gulf hubs, potentially impacting Q1 volumes.
medium · management_commentaryIncreased competition from new entrants
Adani and Hindalco entering copper recycling could intensify competition for scrap sourcing.
medium · analyst_questionWorking capital pressure from copper price volatility
Rising copper prices increase working capital requirements and interest costs, pressuring PAT growth.
medium · analyst_questionIncorrect promoter pledge data on exchanges
Screener shows 96% promoter pledge, but management claims it's a reporting error; could affect investor confidence.
low · data_observationNotable Quotes
For the first time in our history, we have crossed 2,000 crores of revenue. For the first time in our history, we've also got an operational EBITDA of over 100 crores.
We are targeting to maintain 5% EBITDA margin. I think we are quite confident of maintaining 5%.
Our biggest advantage is we've been in this business for 40 years and that has given us a very good edge in sourcing material all over the world.
Frequently Asked Questions
What was Bhagyanagarindia's revenue in Q4 FY26?
Bhagyanagarindia reported revenue of ₹2,378 Cr in Q4 FY26, representing a — change compared to the same quarter last year.
What guidance did Bhagyanagarindia management give for FY27?
Revenue target of ₹5,000 crore by FY30: Management targets doubling revenue to ₹5,000 crore in 3 years, implying 20-25% CAGR. Volume growth of 20% CAGR: Volume growth expected at 15-20% annually, with price growth adding ~5%. EBITDA margin of 5% sustainable: Management confident of maintaining ~5% EBITDA margin going forward. Capex of ₹40 crore over 2 years: Planned capex includes capacity expansion, plastic recycling, and heat recovery systems.
What are the key risks for Bhagyanagarindia in FY27?
Key risks include Scrap sourcing disruption from Gulf shipping delays — Geopolitical tensions have delayed scrap shipments transiting through Gulf hubs, potentially impacting Q1 volumes.; Increased competition from new entrants — Adani and Hindalco entering copper recycling could intensify competition for scrap sourcing.; Working capital pressure from copper price volatility — Rising copper prices increase working capital requirements and interest costs, pressuring PAT growth.; Incorrect promoter pledge data on exchanges — Screener shows 96% promoter pledge, but management claims it's a reporting error; could affect investor confidence..
Did Bhagyanagarindia meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Bhagyanagarindia Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.