| Sector |
Automobile & Ancillaries
|
Compare with Sector peers |
| Industry |
Castings/Forgings
|
Compare with Industry peers |
| Website | http://www.bhagwati.com | |
| Market Cap | 42.95 Cr. | |
| Enterprise Value(EV) | 52.59 Cr. | 2021-09 |
| Financial Indicators | ||
|---|---|---|
| Earnings per share (EPS) | -0.17 | Trailing Twelve Months Ending 2021-12 |
| Price-Earning Ratio (PE) | - | Trailing Twelve Months Ending 2021-12 |
| Industry PE | 11.34 | Trailing Twelve Months Ending 2021-12 |
| Book Value / Share | 93.20 | Trailing Twelve Months Ending 2021-12 |
| Price to Book Value | 1.60 | Calculated using Price: 149.10 |
| Dividend Yield | 0.67 | Period Ending 2021-03 |
| No. of Shares Subscribed | 0.29 Cr. | 2,880,684 Shares |
| FaceValue | 10 | |
| Company Profile | ||
|
Bhagwati Autocast, promoted in 1984, is located 25 km away from Ahmedabad, near village Bavla. It is a mechanized machine moulding unit with an annual capacity of 14000 tonnes, producing high duty grey iron and ductile iron castings as per any International Standards. Bhagwati Autocast also produces SG iron castings and alloy iron castings. The company’s plant is located at village Rajoda in Gujarat. Its hand moulding division has an annual production capacity of 4000 tonnes with facilities for manufacturing castings upto a single unit weight of 5 tonnes using a state of the art Omega continuous mixer. The Bhagwati Group, has two foundry units -- Bhagwati Spherocast Pvt. Ltd. and Bhagwati Autocast Ltd. Bhagwati Autocast Ltd, is located 25 km away from Ahmedabad, near village Bavla. It is a mechanized machine moulding unit with an annual capacity of 14000 tons, producing high duty grey iron and ductile iron castings as per any International Standards. Its handmoulding division has an annual production capacity of 4000 tons with facilities for manufacturing castings upto a single unit weight of 5 tons using a state of the art Omega continuous mixer. Both the units are manufacturing high quality castings for a wide spectrum of industries such as, Automotive, Light and Heavy Commercial Vehicle, Tractor, Air & Gas Compressor, Hydraulic ,Wind Generation/Generator, Refrigeration, Plastic Injection Moulding Machine and General Engineering Products The annual turnover of the two foundry units together is $ 30 million with a total production capacity of 32000 tons per year of which Bhagwati Autocast Production Capacity stands at 18000 M.T. Per Annum. The infrastructure of the company includes DISA-George Fischer fully mechanized sand plant of 30 tons/hour capacity, Intensive mixer-1000 Kgs. batch capacity. Sand homogenizing and cooling system and dust collector system. The company’s major customers are two tractor companies, Punjab Tractors and Escorts. Its hand molding plant caters to the needs of the general engineering sector. The field is competitive and pricing does not allow much flexibility. Rise in prices of raw materials, increased power costs and higher wages were reported to have affected the profitability of the company. The company’s response has been an expansion-cum-modernization program involving installation of equipment for better material handling and higher productivity. Finish of the castings was also sought to be improved by installing a drum homogenizer cum cooler. The company was able to return to profits from the year 2004-2005. The major customers of the company are Dresser Rand, Elecon Engineering, Enercon, Escorts Ltd.,Force Motors Ltd.Godrej & Boyce Ltd., Harig India Pvt. Ltd., Mita Harig Pvt. Ltd., HMT Ltd., Ingersoll-Rand (India) Ltd., Kirloskar Oil Engines Limited K&H Eppensteinar Gmbh & Co., Mahindra gujarat tractors Ltd., Punjab tractors Ltd. It is also an ISO-9001-2000 company certified by BUREAU VERITAS. |
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Company Profile
Bhagwati Autocast, promoted in 1984, is located 25 km away from Ahmedabad, near village Bavla. It is a mechanized machine moulding unit with an annual capacity of 14000 tonnes, producing high duty grey iron and ductile iron castings as per any International Standards.
Bhagwati Autocast also produces SG iron castings and alloy iron castings. The company’s plant is located at village Rajoda in Gujarat.
Its hand moulding division has an annual production capacity of 4000 tonnes with facilities for manufacturing castings upto a single unit weight of 5 tonnes using a state of the art Omega continuous mixer.
The Bhagwati Group, has two foundry units -- Bhagwati Spherocast Pvt. Ltd. and Bhagwati Autocast Ltd. Bhagwati Autocast Ltd, is located 25 km away from Ahmedabad, near village Bavla. It is a mechanized machine moulding unit with an annual capacity of 14000 tons, producing high duty grey iron and ductile iron castings as per any International Standards. Its handmoulding division has an annual production capacity of 4000 tons with facilities for manufacturing castings upto a single unit weight of 5 tons using a state of the art Omega continuous mixer.
Both the units are manufacturing high quality castings for a wide spectrum of industries such as, Automotive, Light and Heavy Commercial Vehicle, Tractor, Air & Gas Compressor, Hydraulic ,Wind Generation/Generator, Refrigeration, Plastic Injection Moulding Machine and General Engineering Products The annual turnover of the two foundry units together is $ 30 million with a total production capacity of 32000 tons per year of which Bhagwati Autocast Production Capacity stands at 18000 M.T. Per Annum.
The infrastructure of the company includes DISA-George Fischer fully mechanized sand plant of 30 tons/hour capacity, Intensive mixer-1000 Kgs. batch capacity. Sand homogenizing and cooling system and dust collector system.
The company’s major customers are two tractor companies, Punjab Tractors and Escorts. Its hand molding plant caters to the needs of the general engineering sector. The field is competitive and pricing does not allow much flexibility. Rise in prices of raw materials, increased power costs and higher wages were reported to have affected the profitability of the company.
The company’s response has been an expansion-cum-modernization program involving installation of equipment for better material handling and higher productivity. Finish of the castings was also sought to be improved by installing a drum homogenizer cum cooler. The company was able to return to profits from the year 2004-2005.
The major customers of the company are Dresser Rand, Elecon Engineering, Enercon, Escorts Ltd.,Force Motors Ltd.Godrej & Boyce Ltd., Harig India Pvt. Ltd., Mita Harig Pvt. Ltd., HMT Ltd., Ingersoll-Rand (India) Ltd., Kirloskar Oil Engines Limited K&H Eppensteinar Gmbh & Co., Mahindra gujarat tractors Ltd., Punjab tractors Ltd.
It is also an ISO-9001-2000 company certified by BUREAU VERITAS.
| 1 Day |
|
-11.72% |
| 1 Week |
|
+1.67% |
| 1 Month |
|
-4.61% |
| 3 Month |
|
-17.53% |
| 6 Month |
|
-9.11% |
| 1 Year |
|
+5.00% |
| 2 Year |
|
+96.18% |
| 5 Year |
|
+75.41% |
| 10 Year |
|
+470.17% |
| 9 years | 2013-03 | 2014-03 | 2015-03 | 2016-03 | 2017-03 | 2018-03 | 2019-03 | 2020-03 | 2021-03 | |
| Return on Equity (%) | 8.84 | 23.96 | -12.80 | 4.13 | 6.40 | 5.26 | 15.91 | 8.38 | 6.25 | |
| Return on Capital Employed (%) | 14.29 | 28.81 | -10.20 | 7.26 | 10.94 | 8.18 | 19.17 | 12.10 | 8.55 | |
| Return on Assets (%) | 3.32 | 9.26 | -5.13 | 1.78 | 2.96 | 2.33 | 6.99 | 4.08 | 3.15 |
| Particulars | 10 years | 2013-03 Rs. Cr. | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. | 2021-09* Rs. Cr. |
| Shh. Funds | 17 | 22 | 19 | 19 | 21 | 21 | 25 | 27 | 28 | 29 | |
| Non Curr. Liab. | 5 | 5 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 4 | |
| Curr. Liab. | 23 | 29 | 23 | 21 | 20 | 29 | 26 | 24 | 26 | 36 | |
| Minority Int. | |||||||||||
| Equity & Liab. | 45 | 56 | 45 | 43 | 43 | 52 | 53 | 53 | 56 | 68 | |
| Non Curr. Assets | 18 | 21 | 18 | 16 | 15 | 15 | 17 | 16 | 16 | 23 | |
| Curr. Assets | 26 | 35 | 27 | 27 | 28 | 37 | 36 | 37 | 40 | 45 | |
| Misc. Exp. not W/O | |||||||||||
| Total Assets | 45 | 56 | 45 | 43 | 43 | 52 | 53 | 53 | 56 | 68 |
| Particulars | 10 years | 2013-03 Rs. Cr. | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. | 2021-12 Rs. Cr. TTM |
| Net Sales | 69 | 82 | 64 | 64 | 70 | 90 | 120 | 101 | 104 | 122 | |
| Other Income | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Total Income | 70 | 82 | 64 | 64 | 70 | 90 | 120 | 101 | 104 | 122 | |
| Total Expenditure | -65 | -72 | -64 | -60 | -65 | -85 | -112 | -94 | -99 | -119 | |
| PBIDT | 5 | 10 | 0 | 4 | 5 | 5 | 8 | 6 | 5 | 3 | |
| Interest | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | 0 | -1 | |
| Depreciation | -2 | -2 | -3 | -2 | -2 | -2 | -2 | -2 | -2 | -2 | |
| Taxation | -1 | -2 | 1 | 0 | -1 | 0 | -1 | -1 | -1 | 0 | |
| Exceptional Items | |||||||||||
| PAT | 1 | 5 | -3 | 1 | 1 | 1 | 4 | 2 | 2 | 0 | |
| Adjusted EPS | 5 | 16 | -9 | 3 | 4 | 4 | 13 | 8 | 6 | 0 |
| Particulars | 10 years | 2012-03 Rs. Cr. | 2013-03 Rs. Cr. | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. |
| Cash Fr. Operatn. | 5 | 1 | 2 | 3 | 2 | -1 | 4 | 4 | 6 | 5 | |
| Cash Fr. Inv. | -3 | -1 | -4 | -1 | -1 | -1 | -2 | -4 | -2 | -2 | |
| Cash Fr. Finan. | -1 | -1 | 2 | -2 | -1 | 2 | -2 | 0 | -4 | -2 | |
| Net Change | 1 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | |
| Cash & Cash Eqvt | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 0 |
|
Tue, 17 May 2022
Compliances-Reg.24(A)-Annual Secretarial Compliance Annual Secretarial Compliance report for the financial year ended March 31 2022 |
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Mon, 16 May 2022
Board Meeting Intimation for Consider Approve And Take On Record The Audited Financial Results For The Quarter And Year Ended March 31 2022 And Other Businesses If Any BHAGWATI AUTOCAST LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/05/2022 inter alia to consider and approve and take on record the Audited Financial Results for the quarter and year ended March 31 2022 and other businesses if any |
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Sat, 16 Apr 2022
Format of Initial Disclosure to be made by an entity identified as a Large Corporate Format of Initial Disclosure to be made by an entity identified as a Large Corporate.
We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No Name of the Company Secretary: Mehul Naliyadhara Designation: Company Secretary and Compliance Officer EmailId: cs@bhagwati.com Name of the Chief Financial Officer: Dinesh Sheth Designation: Chief Financial Officer EmailId: dksheth@bhagwati.com Date: 16/04/2022 Note: In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets. |
| Fri, 20 May 2022 |
High Delivery Percentage
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Close Crossing Last Month Low
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Close Crossing Last Month Close from Above
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Opening at High
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Closing Below Previous Low
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