Debut Plus

₹70.45

▲ +3.35 +4.99%

As of 23 Oct 2026 · delayed

NSE Listed

ESM · ESM 1
What does ESM · ESM 1 mean?
BSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-04-29
NSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-07-14

Bhagyanagar India Limited (BHAGYANGR)

Volume: 29,959Avg Vol 1W: 23,790.2Avg Vol 1M: 95,865.6552W Range:₹39₹467.9
NSE BSE www.surana.com AI Report
Key Ratios
Checked 5h ago
Market Cap₹225 Cr
Current Price₹70.45
Previous Close₹67.1
High / Low (52w)₹467.9 / ₹39
Volume29,959
Avg Vol (1W)23,790.2
Avg Vol (1M)95,865.65
Stock P/E3.58
Book Value₹92.49
Dividend Yield0%
ROE19.48%
ROA9.9%
Revenue (TTM)₹1,631 Cr
Revenue Growth13.7%
Profit Margin242%
Total Debt₹23 Cr
Shares Outstanding3 Cr
Face Value₹2
EPS (TTM)₹18.76
P/B0.73
Debt / Equity1.15
50 DMA₹333.19
200 DMA₹281.11
Day change+4.99%
SurveillanceESM · ESM 1
Price Chart
₹70.45▼ 41.45% · 1Y
₹455₹4342.6L
2025-10-27
2026-10-23

20-day avg volume: 96K shares

Pros
  • Healthy return on equity of 19.5%.
  • Company is almost debt-free.
  • Stock trades below its book value.
Cons
  • Revenue fell 28% YoY.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹408 Cr₹394 Cr₹454 Cr₹486 Cr₹580 Cr₹577 Cr₹735 Cr₹705 Cr
EBITDA₹9 Cr₹10 Cr₹11 Cr₹17 Cr₹24 Cr₹27 Cr₹35 Cr₹37 Cr
Net Profit₹4 Cr₹4 Cr₹5 Cr₹8 Cr₹11 Cr₹13 Cr₹18 Cr₹20 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026
Revenue₹1,631 Cr₹1 Cr₹2 Cr₹2 Cr₹1 Cr₹1 Cr₹2,383 Cr₹2 Cr
EBITDA₹36 Cr₹1 Cr₹1 Cr₹2 Cr₹0 Cr₹0 Cr₹103 Cr₹0 Cr
Net Profit₹14 Cr₹1 Cr₹1 Cr₹1 Cr₹0 Cr₹0 Cr₹50 Cr₹0 Cr
EPS4.38—————15.68—
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹241 Cr₹203 Cr₹302 Cr₹351 Cr₹424 Cr₹334 Cr₹521 Cr₹635 Cr
Total Liabilities₹119 Cr₹80 Cr₹176 Cr₹214 Cr₹277 Cr₹140 Cr₹313 Cr₹377 Cr
Equity₹122 Cr₹123 Cr₹126 Cr₹138 Cr₹148 Cr₹193 Cr₹207 Cr₹258 Cr
Total Debt————————
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-46 Cr₹49 Cr₹-75 Cr₹0 Cr₹-35 Cr₹105 Cr₹-141 Cr₹75 Cr
Investing₹-17 Cr₹-13 Cr₹-2 Cr₹-1 Cr₹3 Cr₹39 Cr₹-10 Cr₹-5 Cr
Financing₹54 Cr₹-35 Cr₹77 Cr₹14 Cr₹27 Cr₹-133 Cr₹155 Cr₹-59 Cr
Free Cash Flow₹-46 Cr₹49 Cr₹-75 Cr₹0 Cr₹-35 Cr₹105 Cr₹-141 Cr₹75 Cr
Shareholding
Promoter 65.93% Institutions 4.63% Public 29.44%
Efficiency & Working Capital
ROCE19.9%
Interest Coverage2.9
Dividend Payout—
Debtor Days31 d
Inventory Days35 d
Payable Days4 d
Cash Conversion Cycle62 d
Working Capital Days66 d
Shareholding Details

As of 2026-09-30

Promoter65.9%
FII2.7%
DII1.9%
Institutions4.6%
Public29.4%
Promoter Pledge2.7%
No. of Shareholders32,180
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodMar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Aug 2026Sept 2026
Promoters72.3%71.6%70.6%70.5%70.5%70.4%70.6%65.1%64.8%64.9%65.8%65.9%
FIIs0.2%0.2%0%0.1%0%0%0%0.4%0.4%0.9%2.1%2.7%
DIIs0%0%0%0%0%0%0%0%0%0.2%2.1%1.9%
Public27.5%28.2%29.4%29.3%29.5%29.5%29.4%34.4%34.8%34%30%29.4%
Promoter Pledge0%0%0%0%0%0%0%6.1%6.1%9%0%2.7%
No. of Shareholders15,00318,23822,35323,65023,74623,99623,70628,25031,75430,94631,75132,180
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Surana Infocom Private LimitedShareholding of Promoter and Promoter Group12.7%42,66,832
Devendra SuranaShareholding of Promoter and Promoter Group10.2%34,02,487
Manish SuranaShareholding of Promoter and Promoter Group8.8%29,34,911
Narender SuranaShareholding of Promoter and Promoter Group7.5%25,09,509
Namrata SuranaShareholding of Promoter and Promoter Group5.6%18,70,435
Sunita SuranaShareholding of Promoter and Promoter Group4.8%16,11,152
Rahul SuranaShareholding of Promoter and Promoter Group4.2%14,04,500
Advait SuranaShareholding of Promoter and Promoter Group3.3%10,93,120
Vinita SuranaShareholding of Promoter and Promoter Group1.9%6,30,822
Niveshaay Hedgehogs FundPublic Shareholding1.7%5,74,712
Lc Pharos Multi Strategy Fund Vcc-lc Pharos MultiPublic Shareholding1.7%5,74,712
Shresha SuranaShareholding of Promoter and Promoter Group1.7%5,73,004
Dundoo Ajit KumarPublic Shareholding1.7%5,55,061
Surana Telecom And Power LimitedShareholding of Promoter and Promoter Group1.7%5,52,157
Sambhav MunothPublic Shareholding1.6%5,38,112
Nivriti Samkit JainShareholding of Promoter and Promoter Group1%3,47,500
Mitali Surana SaraogiShareholding of Promoter and Promoter Group0.9%3,00,000
G M SuranaShareholding of Promoter and Promoter Group0.5%1,78,775
G M SuranaShareholding of Promoter and Promoter Group0.5%1,66,380
Narender SuranaShareholding of Promoter and Promoter Group0.3%1,06,500
Surana DevendraShareholding of Promoter and Promoter Group0.2%67,500
Bhagyanagar Securities Private LimitedShareholding of Promoter and Promoter Group0.2%67,138
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Devendra Surana6,00,00017.6%2026-09-30
Board of Directors
NameDesignationYear
Devendra SuranaED / MD / Promoter2025
Naresh Chand BhardwajWhole-time Director2025
Chandra Shekhar AgrawalIndependent Non Exe. Director2025
Venkata Murali Krishna TripuraneniIndependent Non Exe. Director2025
Sanjana JainIndependent Non Exe. Director2025
Ritika TandonCompany Secretary2025
Segments — Product
SegmentRevenueShare
Copper Products₹719 Cr99.3%
Renewable Energy₹5 Cr0.7%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹22566
Corporate Actions
TypeDateValueRemark
forthcoming2026-10-08Demerger—
forthcoming2026-10-08Demerger—
forthcoming2026-07-27Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025500239
2025400037
2025000202
Company Information
Incorporated1985
AuditorLuharuka & Associates
Investor Email[email protected]
🌐 www.surana.com ↗

📍 5th Floor Surya Towers, Sardar Patel Road, Secunderabad, Telangana, 500003

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