BHAGYANAGAR INDIA LIMITED

Makes and sells copper and copper-alloy products — including rods, strips, bus bars, and value-added items such as tin-coated and silver-plated bus bars for AI data centres — to industrial customers. In the segment period ending 31 March 2024, the Copper Division contributed 99.1% of segment revenue, while a Renewable Energy-wind segment contributed 0.7% and Others 0.2%. For FY26, total revenue was ₹2,377.83 crore, with raw materials accounting for 92.1% of revenue, employee cost 0.7%, other operating expenses 3.6%, depreciation 0.3% and capex 0.6% — a thin-margin, raw-material-pass-through cost structure. Q1 FY27 sales volume was 5,200 tons, with value-added products at 63% of mix, exports at 18% of sales, EBITDA per kg at ₹72 and an EBITDA margin of 5.43%. Capacity was lifted from 30,000 MT to 35,000 MT in March 2026 at a new 60-acre Hyderabad facility, with a planned expansion to 45,000 MT by June 2027 backed by ₹40 crore of capex across FY27-FY28. Management targets ₹5,000 crore of revenue by FY30 within a 5-5.5% EBITDA margin band, and is restructuring into a pure-play copper entity via the Tieramet demerger (NCLT hearing 7 August).