WEBSITE BSE:504646 NSE: BHAGWATI AUT Inc. Year: 1981 Industry: Castings/Forgings My Bucket: Add Stock
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Bhagwati Autocast Limited (BAL) is a leading manufacturer of high duty grey iron castings for industries like tractors, automobiles, and power. BAL was established in 1981 as a public limited company in Gujarat, and obtained the Certificate of Commencement of Business in 1982. BAL has a machine moulding unit in Ahmedabad with an annual capacity of 18000 tonnes, using Disa Flex-70 high pressure line. BAL’s promoters are Dr. Ing. P.N. Bhagwati, a Ph.D. in foundry engineering from Aachen, Germany, and his family members, who hold 73.89% sta...Read More
Bhagwati Autocast Limited (BAL) is a leading manufacturer of high duty grey iron castings for industries like tractors, automobiles, and power. BAL was established in 1981 as a public limited company in Gujarat, and obtained the Certificate of Commencement of Business in 1982. BAL has a machine moulding unit in Ahmedabad with an annual capacity of 18000 tonnes, using Disa Flex-70 high pressure line. BAL’s promoters are Dr. Ing. P.N. Bhagwati, a Ph.D. in foundry engineering from Aachen, Germany, and his family members, who hold 73.89% stake in the company. BAL’s management team comprises of Ms. Reena P. Bhagwati as the managing director, Mr. Mehul C. Naliyadhara as the company secretary and compliance officer, and six independent directors. BAL’s achievements include winning awards for overall excellence and performance from ESCORTS and KUBOTA, two of its major customers in the tractor industry. ...Read Less
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Market Cap ₹162 Cr.
Stock P/E 26.4
P/B 2.9
Current Price ₹563.4
Book Value ₹ 193.2
Face Value 10
52W High ₹680
Dividend Yield 0.44%
52W Low ₹ 315.1
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 40 | 24 | 32 | 35 | 35 | 32 | 39 | 41 | 43 | 43 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 40 | 24 | 32 | 35 | 35 | 32 | 39 | 41 | 43 | 43 |
| Total Expenditure | 35 | 24 | 28 | 31 | 34 | 29 | 34 | 36 | 37 | 36 |
| Operating Profit | 4 | 0 | 5 | 3 | 2 | 3 | 5 | 5 | 6 | 7 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 3 | -1 | 4 | 3 | 0 | 2 | 4 | 4 | 5 | 6 |
| Provision for Tax | 3 | -1 | -0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit After Tax | 1 | 0 | 4 | 2 | -0 | 1 | 3 | 3 | 4 | 4 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Profit After Adjustments | 1 | 0 | 4 | 2 | -0 | 1 | 3 | 3 | 4 | 4 |
| Adjusted Earnings Per Share | 2.8 | 0 | 14.1 | 8.6 | -1.7 | 4.9 | 9.5 | 9.5 | 12.5 | 12.3 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 64 | 64 | 70 | 90 | 120 | 101 | 104 | 112 | 154 | 134 | 140 | 166 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Total Income | 64 | 64 | 70 | 90 | 120 | 101 | 104 | 112 | 154 | 134 | 141 | 166 |
| Total Expenditure | 64 | 60 | 65 | 85 | 112 | 94 | 99 | 111 | 140 | 121 | 128 | 143 |
| Operating Profit | 0 | 4 | 5 | 5 | 8 | 6 | 5 | 2 | 15 | 13 | 13 | 23 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -4 | 1 | 2 | 1 | 5 | 3 | 2 | -1 | 11 | 10 | 9 | 19 |
| Provision for Tax | -1 | 0 | 1 | 0 | 1 | 1 | 1 | -0 | 3 | 3 | 2 | 5 |
| Profit After Tax | -3 | 1 | 1 | 1 | 4 | 2 | 2 | -1 | 8 | 7 | 6 | 14 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | 0 | -0 | -0 | 0 | 0 | 0 |
| Profit After Adjustments | -3 | 1 | 1 | 1 | 4 | 2 | 2 | -1 | 8 | 7 | 6 | 14 |
| Adjusted Earnings Per Share | -9 | 2.7 | 4.4 | 3.9 | 12.8 | 7.5 | 6 | -3.3 | 26.8 | 24.1 | 21.4 | 43.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 4% | 8% | 7% | 8% |
| Operating Profit CAGR | 0% | 87% | 17% | 0% |
| PAT CAGR | -14% | 0% | 25% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 76% | 21% | 31% | 26% |
| ROE Average | 14% | 19% | 12% | 8% |
| ROCE Average | 18% | 22% | 15% | 11% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 19 | 19 | 21 | 21 | 25 | 27 | 28 | 27 | 34 | 41 | 46 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 2 | 1 | 0 | 0 | 0 | 1 | 0 | 11 | 8 | 6 | 7 |
| Other Non-Current Liabilities | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 3 | 4 |
| Total Current Liabilities | 23 | 21 | 20 | 29 | 26 | 24 | 26 | 25 | 23 | 19 | 27 |
| Total Liabilities | 45 | 43 | 43 | 52 | 53 | 53 | 56 | 64 | 68 | 69 | 84 |
| Fixed Assets | 18 | 16 | 15 | 14 | 15 | 16 | 15 | 34 | 31 | 31 | 43 |
| Other Non-Current Assets | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 0 | 0 | 3 | 0 |
| Total Current Assets | 27 | 27 | 28 | 37 | 36 | 37 | 40 | 30 | 37 | 35 | 40 |
| Total Assets | 45 | 43 | 43 | 52 | 53 | 53 | 56 | 64 | 68 | 69 | 84 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 3 | 3 |
| Cash Flow from Operating Activities | 3 | 2 | -1 | 4 | 4 | 6 | 5 | 7 | 12 | 8 | 10 |
| Cash Flow from Investing Activities | -1 | -1 | -1 | -2 | -4 | -2 | -2 | -20 | -0 | -3 | -14 |
| Cash Flow from Financing Activities | -2 | -1 | 2 | -2 | -0 | -4 | -2 | 12 | -9 | -4 | 1 |
| Net Cash Inflow / Outflow | -0 | -0 | 0 | 0 | -1 | 0 | -0 | -0 | 3 | 0 | -3 |
| Closing Cash & Cash Equivalent | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 3 | 3 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -8.95 | 2.72 | 4.44 | 3.85 | 12.81 | 7.51 | 5.97 | -3.32 | 26.8 | 24.06 | 21.38 |
| CEPS(Rs) | 1.62 | 11.04 | 12.23 | 11.19 | 20.91 | 15.86 | 14.04 | 4.91 | 36.34 | 32.79 | 32.4 |
| DPS(Rs) | 0.5 | 0.7 | 0.8 | 0.8 | 1 | 1 | 1 | 1 | 2 | 2 | 2.5 |
| Book NAV/Share(Rs) | 64.96 | 66.84 | 71.75 | 74.6 | 86.47 | 92.73 | 98.13 | 93.75 | 119.49 | 141.92 | 161.36 |
| Core EBITDA Margin(%) | 0.24 | 5.76 | 6.5 | 4.67 | 6.93 | 6.29 | 4.9 | 1.37 | 9.55 | 9.66 | 8.84 |
| EBIT Margin(%) | -3.87 | 2.49 | 3.71 | 2.6 | 5.03 | 4.02 | 2.71 | -0.66 | 7.82 | 7.94 | 6.99 |
| Pre Tax Margin(%) | -4.85 | 1.65 | 2.8 | 1.57 | 4.11 | 3.03 | 2.28 | -1.19 | 7.02 | 7.18 | 6.16 |
| PAT Margin (%) | -3.54 | 1.08 | 1.61 | 1.2 | 3.08 | 2.15 | 1.65 | -0.85 | 5 | 5.16 | 4.4 |
| Cash Profit Margin (%) | 0.64 | 4.37 | 4.43 | 3.49 | 5.02 | 4.54 | 3.88 | 1.26 | 6.78 | 7.03 | 6.67 |
| ROA(%) | -5.13 | 1.78 | 2.96 | 2.33 | 6.99 | 4.08 | 3.15 | -1.59 | 11.68 | 10.13 | 8.06 |
| ROE(%) | -12.8 | 4.13 | 6.4 | 5.26 | 15.91 | 8.38 | 6.25 | -3.46 | 25.14 | 18.41 | 14.1 |
| ROCE(%) | -10.2 | 7.26 | 10.94 | 8.18 | 19.17 | 12.1 | 8.55 | -1.88 | 26.62 | 22.56 | 18.29 |
| Receivable days | 99.91 | 94.68 | 92.66 | 99.51 | 89.7 | 106.51 | 108.37 | 88.01 | 56.22 | 68.03 | 69.12 |
| Inventory Days | 29.34 | 24.72 | 22.28 | 23.44 | 18.97 | 22.32 | 21.03 | 19.58 | 14.88 | 17.34 | 17.49 |
| Payable days | 166.03 | 175.55 | 152.01 | 135.86 | 108.51 | 132.73 | 132 | 105.69 | 75.42 | 88.36 | 91.98 |
| PER(x) | 0 | 19.1 | 18.33 | 29.1 | 10.93 | 14.96 | 23.34 | 0 | 11.01 | 16.28 | 16.14 |
| Price/Book(x) | 0.68 | 0.78 | 1.13 | 1.5 | 1.62 | 1.21 | 1.42 | 1.81 | 2.47 | 2.76 | 2.14 |
| Dividend Yield(%) | 1.14 | 1.35 | 0.98 | 0.71 | 0.71 | 0.89 | 0.72 | 0.59 | 0.68 | 0.51 | 0.72 |
| EV/Net Sales(x) | 0.29 | 0.31 | 0.45 | 0.44 | 0.41 | 0.38 | 0.43 | 0.6 | 0.6 | 0.88 | 0.79 |
| EV/Core EBITDA(x) | 82.88 | 4.77 | 6.04 | 8.69 | 5.84 | 5.92 | 8.66 | 41.12 | 6.26 | 8.96 | 8.51 |
| Net Sales Growth(%) | -21.35 | -0.12 | 9.43 | 27.1 | 34.02 | -16.22 | 3.86 | 7.46 | 37.6 | -13 | 4.21 |
| EBIT Growth(%) | -136.67 | 164.36 | 63 | -18.91 | 151.43 | -32.96 | -29.95 | -126.04 | 1736.38 | -11.63 | -8.27 |
| PAT Growth(%) | -155.45 | 130.41 | 62.93 | -13.19 | 232.76 | -41.42 | -20.49 | -155.7 | 906.44 | -10.24 | -11.14 |
| EPS Growth(%) | -155.45 | 130.41 | 62.93 | -13.19 | 232.76 | -41.42 | -20.49 | -155.7 | 906.45 | -10.24 | -11.14 |
| Debt/Equity(x) | 0.35 | 0.28 | 0.42 | 0.36 | 0.35 | 0.24 | 0.17 | 0.68 | 0.31 | 0.21 | 0.24 |
| Current Ratio(x) | 1.16 | 1.28 | 1.41 | 1.27 | 1.38 | 1.53 | 1.52 | 1.19 | 1.59 | 1.88 | 1.52 |
| Quick Ratio(x) | 0.93 | 1.08 | 1.14 | 1.05 | 1.15 | 1.27 | 1.31 | 0.93 | 1.32 | 1.52 | 1.26 |
| Interest Cover(x) | -3.98 | 2.95 | 4.08 | 2.54 | 5.49 | 4.05 | 6.34 | -1.23 | 9.79 | 10.44 | 8.45 |
| Total Debt/Mcap(x) | 0.52 | 0.36 | 0.37 | 0.24 | 0.22 | 0.2 | 0.12 | 0.38 | 0.13 | 0.07 | 0.11 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 73.89 | 73.89 | 73.9 | 73.92 | 73.92 | 73.92 | 73.92 | 73.92 | 74.06 | 74.06 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 26.11 | 26.11 | 26.1 | 26.08 | 26.08 | 26.08 | 26.08 | 26.08 | 25.94 | 25.94 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.07 | 0.07 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 |
* The pros and cons are machine generated.
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