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Revenue
₹735 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
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.
Colored figures show movement against the previous available record.
Guidance to track
- Management targets doubling revenue to ₹5,000 crore in 3 years, implying 20-25% CAGR.
- Volume growth expected at 15-20% annually, with price growth adding ~5%.
- Management confident of maintaining ~5% EBITDA margin going forward.
- Planned capex includes capacity expansion, plastic recycling, and heat recovery systems.
Risks flagged
- Geopolitical tensions have delayed scrap shipments transiting through Gulf hubs, potentially impacting Q1 volumes.
- Adani and Hindalco entering copper recycling could intensify competition for scrap sourcing.
- Rising copper prices increase working capital requirements and interest costs, pressuring PAT growth.
- Screener shows 96% promoter pledge, but management claims it's a reporting error; could affect investor confidence.
Key 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.
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