Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹45.16 (vs ₹21.38 in FY 2025) Full year 2026 results: EPS: ₹45.16 (up from ₹21.38 in FY 2025). Revenue: ₹1.71b (up 22% from FY 2025). Net income: ₹130.1m (up 111% from FY 2025). Profit margin: 7.6% (up from 4.4% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 20% per year. Announcement • May 30
Bhagwati Autocast Limited Recommends Final Dividend for the Year Ended 31 March, 2026 The board of directors of Bhagwati Autocast Limited at its meeting held on 29 May, 2026, The Board of Directors has recommended final dividend of INR 3.50 (i.e. 35%) per fully paid up equity share of face value of INR 10 each for the year ended 31 March, 2026. The dividend, if approved by the members at upcoming Annual General Meeting, will be dispatched /remitted within 30 days from the date of declaration. Announcement • May 25
Bhagwati Autocast Limited to Report Q4, 2026 Results on May 29, 2026 Bhagwati Autocast Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 29, 2026 Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: ₹12.29 (vs ₹4.91 in 3Q 2025) Third quarter 2026 results: EPS: ₹12.29 (up from ₹4.91 in 3Q 2025). Revenue: ₹429.3m (up 36% from 3Q 2025). Net income: ₹35.4m (up 150% from 3Q 2025). Profit margin: 8.2% (up from 4.5% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 23
Bhagwati Autocast Limited to Report Q3, 2026 Results on Feb 04, 2026 Bhagwati Autocast Limited announced that they will report Q3, 2026 results on Feb 04, 2026 Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹600, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 141% over the past three years. Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: ₹12.52 (vs ₹1.66 loss in 2Q 2025) Second quarter 2026 results: EPS: ₹12.52 (up from ₹1.66 loss in 2Q 2025). Revenue: ₹427.0m (up 22% from 2Q 2025). Net income: ₹36.1m (up ₹40.9m from 2Q 2025). Profit margin: 8.5% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 03
Bhagwati Autocast Limited to Report Q2, 2026 Results on Nov 13, 2025 Bhagwati Autocast Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 13, 2025 New Risk • Sep 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 6.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.1% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹1.13b market cap, or US$12.9m). Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₹473, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 124% over the past three years. Declared Dividend • Aug 25
Dividend increased to ₹2.50 Dividend of ₹2.50 is 25% higher than last year. Ex-date: 9th September 2025 Payment date: 16th October 2025 Dividend yield will be 0.7%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (12% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 59% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 22
Bhagwati Autocast Limited, Annual General Meeting, Sep 16, 2025 Bhagwati Autocast Limited, Annual General Meeting, Sep 16, 2025, at 11:00 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: ₹9.53 (vs ₹8.63 in 1Q 2025) First quarter 2026 results: EPS: ₹9.53 (up from ₹8.63 in 1Q 2025). Revenue: ₹407.1m (up 17% from 1Q 2025). Net income: ₹27.4m (up 10% from 1Q 2025). Profit margin: 6.7% (down from 7.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 17% per year. Announcement • Aug 05
Bhagwati Autocast Limited to Report Q1, 2026 Results on Aug 13, 2025 Bhagwati Autocast Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Reported Earnings • May 24
Full year 2025 earnings released: EPS: ₹21.38 (vs ₹24.06 in FY 2024) Full year 2025 results: EPS: ₹21.38 (down from ₹24.06 in FY 2024). Revenue: ₹1.41b (up 4.7% from FY 2024). Net income: ₹61.6m (down 11% from FY 2024). Profit margin: 4.4% (down from 5.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • May 23
Bhagwati Autocast Limited Recommends Final Dividend for the Year Ended March, 2025 Bhagwati Autocast Limited announced that at its meeting held on May 23, 2025, the Board of Directors has recommended final dividend of INR 2.50/- (i.e. 25%) per fully paid-up equity share of face value of INR 10 each for the year ended March, 2025. Announcement • May 19
Bhagwati Autocast Limited to Report Q4, 2025 Results on May 23, 2025 Bhagwati Autocast Limited announced that they will report Q4, 2025 results on May 23, 2025 Buy Or Sell Opportunity • May 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to ₹318. The fair value is estimated to be ₹401, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.5% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹4.91 (vs ₹0.04 in 3Q 2024) Third quarter 2025 results: EPS: ₹4.91 (up from ₹0.04 in 3Q 2024). Revenue: ₹318.4m (up 31% from 3Q 2024). Net income: ₹14.1m (up ₹14.0m from 3Q 2024). Profit margin: 4.4% (up from 0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. New Risk • Feb 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₹1.09b market cap, or US$12.6m). Announcement • Feb 07
Bhagwati Autocast Limited to Report Q3, 2025 Results on Feb 13, 2025 Bhagwati Autocast Limited announced that they will report Q3, 2025 results on Feb 13, 2025 Announcement • Jan 08
Bhagwati Autocast Limited Appoints Vidisha Rathod as Company Secretary and Compliance Officer On recommendation of Nomination and Remuneration Committee Bhagwati Autocast Limited announced Appointment of Ms. Vidisha Rathod, Member of Institute of Company Secretary of India as Whole Time Company Secretary & Compliance Officer of the Company w.e.f. 7th January, 2024. She is Associate Member of the Institute of Companies Secretary of India having more than 15 years of experience in corporate law, due diligence, corporate restructuring, SEBI, RBI and corporate consulting. Also, he holds the Degree of Bachelor of Laws and Bachelor of Commerce. Reported Earnings • Nov 08
Second quarter 2025 earnings released: ₹1.66 loss per share (vs ₹2.78 profit in 2Q 2024) Second quarter 2025 results: ₹1.66 loss per share (down from ₹2.78 profit in 2Q 2024). Revenue: ₹352.8m (down 11% from 2Q 2024). Net loss: ₹4.79m (down 160% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Oct 31
Bhagwati Autocast Limited to Report Q2, 2025 Results on Nov 07, 2024 Bhagwati Autocast Limited announced that they will report Q2, 2025 results on Nov 07, 2024 Announcement • Oct 15
Bhagwati Autocast Limited Announces Resignation of Mahendra Prajapati as Chief Financial Officer Bhagwati Autocast Limited announced that, in view of a pursue other opportunities, Mr. Mahendra Prajapati has resigned from the post of Chief Financial Officer ("CFO") of the Company with effect from closure of business hours on 15th October, 2024. He shall be relieved from his current responsibilities with effect from closure of business hours on 15th October, 2024. Announcement • Oct 10
Bhagwati Autocast Limited Announces the Resignation of Niren A. Desai as Company Secretary & Compliance Officer Bhagwati Autocast Limited announced that in view of a pursue alternate career opportunities, Mr. Niren A. Desai has resigned from the post of Company Secretary & Compliance Officer of the Company with effect from closure of business hours on 9 October, 2024. Subsequent to his resignation as Company Secretary & Compliance Officer, he has also ceased to be a Key Managerial Personnel under Regulation 30 (5) SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 for determining the materiality of any event or transaction for making the required disclosures to the Stock Exchange with effect from closure of business hours on 9 October, 2024. Announcement • Sep 26
Bhagwati Autocast Limited Declares Dividend for the Financial Year Ended on March 31, 2024 Bhagwati Autocast Limited at its Annual General Meeting held on September 25, 2024, approved to declare a dividend of INR 2.00 per equity share of INR 10 each for the financial year ended on March 31, 2024. Announcement • Sep 02
Bhagwati Autocast Limited, Annual General Meeting, Sep 25, 2024 Bhagwati Autocast Limited, Annual General Meeting, Sep 25, 2024, at 11:00 Indian Standard Time. Declared Dividend • Sep 02
Dividend of ₹2.00 announced Dividend of ₹2.00 is the same as last year. Ex-date: 13th September 2024 Payment date: 25th October 2024 Dividend yield will be 0.4%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 08
First quarter 2025 earnings released: EPS: ₹8.63 (vs ₹7.10 in 1Q 2024) First quarter 2025 results: EPS: ₹8.63 (up from ₹7.10 in 1Q 2024). Revenue: ₹346.8m (down 8.8% from 1Q 2024). Net income: ₹24.9m (up 22% from 1Q 2024). Profit margin: 7.2% (up from 5.4% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Announcement • Jul 30
Bhagwati Autocast Limited to Report Q1, 2025 Results on Aug 07, 2024 Bhagwati Autocast Limited announced that they will report Q1, 2025 results on Aug 07, 2024 Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹24.06 (vs ₹26.80 in FY 2023) Full year 2024 results: EPS: ₹24.06 (down from ₹26.80 in FY 2023). Revenue: ₹1.34b (down 13% from FY 2023). Net income: ₹69.3m (down 10% from FY 2023). Profit margin: 5.2% (up from 5.0% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Announcement • May 30
Bhagwati Autocast Limited Recommends Final Dividend for the Year Ended March 31, 2024 Bhagwati Autocast Limited at its board meeting held on May 29, 2024 recommended final dividend of INR 2.00/- (i.e. 20%) per fully paid-up equity share of face value of INR 10/- each for the year ended 31st March, 2024. The dividend, if approved by the members at upcoming Annual General Meeting, will be dispatched /remitted within 30 days from the date of declaration. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹480, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 245% over the past three years. New Risk • Apr 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (₹1.35b market cap, or US$16.1m). Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹467, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 262% over the past three years. Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: ₹0.04 (vs ₹4.12 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.04 (down from ₹4.12 in 3Q 2023). Revenue: ₹244.5m (down 17% from 3Q 2023). Net income: ₹101.0k (down 99% from 3Q 2023). Profit margin: 0% (down from 4.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% per year whereas the company’s share price has increased by 60% per year. Announcement • Feb 14
Bhagwati Autocast Limited Appoints Niren Atinbhai Desai as Whole Time Company Secretary and Compliance Officer Bhagwati Autocast Limited at its board meeting held on February 14, 2024, approved the appointment of Mr. Niren Atinbhai Desai, Member of Institute of Company Secretary of India as Whole Time Company Secretary (Key Managerial Personnel) & Compliance Officer of the Company, effective 14 February, 2024, in terms of provisions of Section 203 of the Companies Act, 2013 and Rule made thereunder and Regulation 6 (1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further, the Board has authorised Mr. Niren Atinbhai Desai for the purpose of determining materiality of an event or information to the Stock exchange along with the existing authorized persons. He is Associate Member of the Institute of Companies Secretary of India having more than eight years of experience in corporate law, due diligence, corporate restructuring, SEBI, RBI and corporate consulting. Also, he holds the Degree of Bachelor of Laws and Bachelor of Commerce. Announcement • Dec 05
Bhagwati Autocast Limited Accepts the Resignation of Mehul Naliyadhara from the Positions of Company Secretary Bhagwati Autocast Limited informed that the Company has accepted the resignation of Mr. Mehul Naliyadhara from the positions of Company Secretary, Compliance Officer & Nodal Officer of the Company with effect from close of business hours on 4th December, 2023. Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: ₹2.78 (vs ₹6.93 in 2Q 2023) Second quarter 2024 results: EPS: ₹2.78 (down from ₹6.93 in 2Q 2023). Revenue: ₹396.2m (down 5.7% from 2Q 2023). Net income: ₹8.01m (down 60% from 2Q 2023). Profit margin: 2.0% (down from 4.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 72% per year whereas the company’s share price has increased by 73% per year. New Risk • Nov 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₹1.73b market cap, or US$20.8m). Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Shantanu Mehta was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹565, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 19x in the Metals and Mining industry in India. Total returns to shareholders of 463% over the past three years. Announcement • Sep 20
Bhagwati Autocast Limited Appoints Mahendra K. Prajapati as Chief Financial Officer Bhagwati Autocast Limited announced that upon recommendation of Nomination and Remuneration Committee along with reviewed and approved by Audit Committee, the Board of Directors at its meeting held on September 20, 2023 has inter-alia considered, approved the Appointment of Mr. Mahendra K. Prajapati, as Chief Financial Officer and Key Managerial Personnel of the Company effective from 20th September, 2023. Mr. Mahendra K. Prajapati, aged 40 years, is a commerce graduate and qualified chartered accountant from ICAI, having experience of nearly 18 years and previously worked with MNC and public companies also. Mr. Mahendra K. Prajapati has rich experience in the field of finance, accounting, taxation, audits, compliance, cost control and improvement and acted with senior management team in many businesses and strategic vision of goals and organization. Upcoming Dividend • Sep 05
Upcoming dividend of ₹2.00 per share at 0.5% yield Eligible shareholders must have bought the stock before 12 September 2023. Payment date: 20 October 2023. Payout ratio is a comfortable 7.5% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (6.9%). Announcement • Aug 16
Bhagwati Autocast Limited, Annual General Meeting, Sep 20, 2023 Bhagwati Autocast Limited, Annual General Meeting, Sep 20, 2023, at 11:00 Indian Standard Time. Reported Earnings • Aug 08
First quarter 2024 earnings released: EPS: ₹7.10 (vs ₹8.00 in 1Q 2023) First quarter 2024 results: EPS: ₹7.10 (down from ₹8.00 in 1Q 2023). Revenue: ₹380.2m (down 16% from 1Q 2023). Net income: ₹20.5m (down 11% from 1Q 2023). Profit margin: 5.4% (up from 5.1% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Announcement • Jul 30
Bhagwati Autocast Limited to Report Q1, 2024 Results on Aug 07, 2023 Bhagwati Autocast Limited announced that they will report Q1, 2024 results on Aug 07, 2023 Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹396, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 324% over the past three years. Reported Earnings • Jun 04
Full year 2023 earnings released: EPS: ₹26.80 (vs ₹3.32 loss in FY 2022) Full year 2023 results: EPS: ₹26.80 (up from ₹3.32 loss in FY 2022). Revenue: ₹1.54b (up 38% from FY 2022). Net income: ₹77.2m (up ₹86.8m from FY 2022). Profit margin: 5.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year and the company’s share price has also increased by 58% per year. Announcement • May 31
Bhagwati Autocast Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023 Bhagwati Autocast Limited recommended final dividend of INR 2 per equity share of face value of INR 10/- each (20 %) for the financial year ended March 31, 2023, subject to approval of shareholders at h upcoming Annual General Meeting (ACM). The said dividend, if declared by shareholders at AGM, will be credited/dispatched within 30 days from the date of AGM. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹339, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 297% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹289, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 166% over the past three years. Recent Insider Transactions • Mar 18
Insider recently bought ₹999k worth of stock On the 17th of March, Aanal Bhagwati bought around 4k shares on-market at roughly ₹262 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹1.0m. Insiders have collectively bought ₹3.9m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 18
Insider recently bought ₹1.0m worth of stock On the 16th of February, Aanal Bhagwati bought around 4k shares on-market at roughly ₹258 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹1.9m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 09
Third quarter 2023 earnings released: EPS: ₹4.12 (vs ₹7.49 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹4.12 (up from ₹7.49 loss in 3Q 2022). Revenue: ₹294.4m (up 37% from 3Q 2022). Net income: ₹11.9m (up ₹33.4m from 3Q 2022). Profit margin: 4.0% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 07
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 22 October 2022. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (6.0%). Announcement • Aug 23
Bhagwati Autocast Limited, Annual General Meeting, Sep 22, 2022 Bhagwati Autocast Limited, Annual General Meeting, Sep 22, 2022, at 15:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 16% share price gain to ₹176, the stock trades at a trailing P/E ratio of 52x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 73% over the past three years. Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: ₹8.00 (vs ₹1.29 in 1Q 2022) First quarter 2023 results: EPS: ₹8.00 (up from ₹1.29 in 1Q 2022). Revenue: ₹451.6m (up 38% from 1Q 2022). Net income: ₹23.0m (up ₹19.3m from 1Q 2022). Profit margin: 5.1% (up from 1.1% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jul 02
Insider recently bought ₹862k worth of stock On the 30th of June, Aanal Bhagwati bought around 5k shares on-market at roughly ₹168 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • May 29
Full year 2022 earnings released: ₹3.32 loss per share (vs ₹5.97 profit in FY 2021) Full year 2022 results: ₹3.32 loss per share (down from ₹5.97 profit in FY 2021). Revenue: ₹1.12b (up 7.5% from FY 2021). Net loss: ₹9.57m (down 156% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • May 24
Bhagwati Autocast Limited Recommends Final Dividend for the Financial Year Ended March 31, 2022 Bhagwati Autocast Limited at its meeting held by May 23, 2022, Recommended final dividend of INR 1 per equity share of face value of INR 10/- each (i.e. 10%) for the financial year ended March 31, 2022. The said dividend, if declared by shareholders at ensuing Annual General Meeting (AGM), will be credited/dispatched within 30 days from the date of AGM. Announcement • May 17
Bhagwati Autocast Limited to Report Q4, 2022 Results on May 23, 2022 Bhagwati Autocast Limited announced that they will report Q4, 2022 results on May 23, 2022 Reported Earnings • Feb 11
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹7.49 loss per share (down from ₹3.59 profit in 3Q 2021). Revenue: ₹215.2m (down 31% from 3Q 2021). Net loss: ₹21.6m (down 309% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • Oct 30
Second quarter 2022 earnings released: EPS ₹2.06 (vs ₹1.75 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: ₹346.3m (up 26% from 2Q 2021). Net income: ₹5.93m (up 17% from 2Q 2021). Profit margin: 1.7% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improved over the past week After last week's 16% share price gain to ₹177, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 11x in the Metals and Mining industry in India. Total returns to shareholders of 50% over the past three years. Upcoming Dividend • Sep 07
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 14 September 2021. Payment date: 23 October 2021. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (2.8%). Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹1.29 (vs ₹3.36 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹327.9m (up 169% from 1Q 2021). Net income: ₹3.71m (up ₹13.4m from 1Q 2021). Profit margin: 1.1% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • May 28
Full year 2021 earnings released: EPS ₹5.97 (vs ₹7.51 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: ₹1.04b (up 3.9% from FY 2020). Net income: ₹17.2m (down 21% from FY 2020). Profit margin: 1.6% (down from 2.2% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • May 27
Bhagwati Autocast Limited Recommends Final Dividend for the Financial Year Ended March 31, 2021 Bhagwati Autocast Limited recommended final dividend of INR 1 per equity share of face value of INR 10 each (i.e. 10%) for the financial year ended March 31, 2021. The said dividend, if declared by shareholders at ensuing Annual General Meeting (AGM), will be credited/dispatched within 30 days from the date of AGM. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improved over the past week After last week's 17% share price gain to ₹164, the stock trades at a trailing P/E ratio of 47.1x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 41% over the past three years. Recent Insider Transactions • Mar 18
Insider recently bought ₹1.3m worth of stock On the 16th of March, Aanal Bhagwati bought around 10k shares on-market at roughly ₹130 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹2.0m more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Mar 10
New 90-day high: ₹136 The company is up 7.0% from its price of ₹127 on 10 December 2020. The Indian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 27% over the same period. Announcement • Feb 01
Bhagwati Autocast Limited to Report Q3, 2021 Results on Feb 09, 2021 Bhagwati Autocast Limited announced that they will report Q3, 2021 results on Feb 09, 2021 Is New 90 Day High Low • Dec 10
New 90-day high: ₹127 The company is up 21% from its price of ₹106 on 11 September 2020. The Indian market is up 18% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 25% over the same period. Recent Insider Transactions • Dec 01
Insider recently bought ₹738k worth of stock On the 27th of November, Aanal Bhagwati bought around 6k shares on-market at roughly ₹115 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹3.5m more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Nov 24
New 90-day high: ₹118 The company is up 25% from its price of ₹94.25 on 25 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 7.0% over the same period. Announcement • Nov 06
Bhagwati Autocast Limited Announces Management Changes Bhagwati Autocast Limited announced that Board of directors of the Company at its meeting held on November 4, 2020 have considered, approved reconstitution of the composition of Audit Committee & Stakeholders Relationship Committee, Nomination and Remuneration Committee. reconstitution of Audit Committee & Stakeholders Relationship Committee: Mr. Rajendraprasad J. Shah - Non-Executive Independent Director, Chairman, Ms. Reena P. Bhagwati - Managing Director, Member, Mr. Padmin Buch - Non-Executive Independent Director, Member, Mr. Vimal R. Ambani - Non-Executive Independent Director, Member, Mr. Shantanu C. Mehta - Additional Director (Non-Executive & Independent), Member. Reconstitution of Nomination and Remuneration Committee: Mr. Rajendraprasad J. Shah - Non-Executive Independent Director, Chairman, Mr. Padmin Buch - Non-Executive Independent Director, Member, Mr. Vimal R. Ambani - Non-Executive Independent Director, Member, Mr. Shantanu C. Mehta - Additional Director (Non-Executive & Independent), Member. Reported Earnings • Nov 05
Second quarter 2021 earnings released: EPS ₹1.75 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹275.4m (down 7.8% from 2Q 2020). Net income: ₹5.06m (down 57% from 2Q 2020). Profit margin: 1.8% (down from 4.0% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 30
New 90-day high: ₹112 The company is up 8.0% from its price of ₹105 on 30 July 2020. The Indian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 7.0% over the same period. Announcement • Oct 28
Bhagwati Autocast Limited to Report Q2, 2021 Results on Nov 04, 2020 Bhagwati Autocast Limited announced that they will report Q2, 2021 results on Nov 04, 2020 Is New 90 Day High Low • Sep 29
New 90-day high: ₹112 The company is up 7.0% from its price of ₹105 on 01 July 2020. The Indian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 18% over the same period. Announcement • Sep 13
Bhagwati Autocast Limited to Report Q1, 2020 Results on Aug 07, 2020 Bhagwati Autocast Limited announced that they will report Q1, 2020 results on Aug 07, 2020 Announcement • Sep 01
Bhagwati Autocast Limited Announces Resignation of Abhijeet Vijay Ratolikar as Chief Executive Officer Bhagwati Autocast Limited announced that Mr. Abhijeet Vijay Ratolikar, Chief Executive Officer (Key Managerial Personnel) of the Company, consequent upon his resignation, has been relieved from the post of Chief Executive Officer (Key Managerial Personnel) of the Company on the close of working hours on August 31, 2020. 