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On 6 Nov 2026, Bhagawati Gas was priced at ₹9.11, or 14.7× trailing earnings, against an industry P/E of 22.7×, and the shares are 32% below their 52-week high. Sales and net profit grew 25% and 17% a year over 3 years; its ROCE of 6.5% is the second-lowest among the 7 largest Utilities (Regulated Water) peers, though net profit is above operating profit, which points to a one-off gain. It carries very little debt. It is a small-cap company with a market cap of ₹15 Cr, ranked 45th of 46 Utilities (Regulated Water) companies by market cap; the shares rose 1647% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹9.65
Day high
₹9.65
Day low
₹9.00
Prev. close
₹9.26
Volume
16.8K

Health check

2 good · 1 fair · 2 to check
  • ReturnsAhead

    +1647.2% over a year, better than 7 of 7 peers.

  • Price tagDistorted

    A one-off gain inflates profit, so P/E isn’t comparable right now.

  • GrowthStrong

    Sales +24.7%, profit +17.0% a year over 3 years.

  • ProfitabilityWeak

    ROCE 6.5% vs peer median 8.5%.

  • Balance sheetFair

    Debt 0.09× equity, interest covered 3.7×, Piotroski 5 of 9.

  • Red flags5 to check

    Return on equity is low at 6.5%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Utilities - Regulated Water

45 listed peers. Screen the industry

Small cap

₹15 Cr, #45 of 46 in its industry by size.

Moves with the market

Beta 1.13 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Jun 2026: sales ₹0 Cr · profit ₹1 Cr
Market cap
₹15 Cr
Small cap
P/E
14.7
Industry 22.7
Price to book
1.01
Peers 2.85
Dividend yield
0.00%
ROE
6.5%
Peers 13.7%
ROCE
6.5%
Peers 8.5%
Debt to equity
0.09
Debt ₹1.36 Cr
EPS (TTM)
₹0.62
OPM (TTM)
−797.0%
Net margin 590.3%
Sales growth
−88.2%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
88.94
EV/EBITDA −8.8

Strengths and risks

Strengths

  • Practically debt-free.

Risks to check

  • Return on equity is low at 6.5%.
  • Quarterly sales down 88.2% on a year ago.
  • Net profit is above operating profit, so a one-off gain is likely flattering earnings.
  • 32% below its 52-week high.
  • Interest coverage of only −5.1×.

Derived automatically from reported figures. Not a recommendation.

About Bhagawati Gas

Bhagawati Gas Limited engages in the cleaning of water bodies business in India. The company is involved in the treatment of the wastewater and waterbodies, such as river, lake, pond, drain, etc., as well as industrial effluents using Phycoremediation technology. It also engages in the supply and installation of medical oxygen gas plant; offers oxygen through pipeline to copper smelter; produces customized glass reinforced polymer (GRP) pipes and other…

Headquarters
New Delhi
Employees
12
Sector
Utilities
ISIN
INE099C01010
Website
bglgroup.in

Price range

52 weeks

₹0.53₹13.48

Today

₹9.00₹9.65
Avg volume (3M)
39.3K
1-year return
plus 1647.2%
From 52-week high
minus 32.4%

Peers · Utilities - Regulated Water

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ADANIPOWERAdani Power204.29plus 0.14%3,93,96721.622.015.1%38.7%0.8012.5%plus 28.8%
NTPCNTPC323.45plus 2.13%3,13,63910.69.68.9%30.8%1.261.9%minus 4.2%
POWERGRIDPower Grid Corporation of India259.90minus 0.48%2,41,72314.910.111.2%82.3%1.460.6%minus 6.4%
ADANIGREENAdani Green Energy1,424.10plus 0.65%2,34,574129.530.66.3%90.8%3.7516.6%plus 30.2%
ADANIENSOLAdani Energy Solutions1,457.40plus 0.74%1,78,23347.224.38.4%31.2%1.7027.7%plus 46.7%
TATAPOWERTata Power Co.352.50minus 3.31%1,12,63629.214.08.5%20.4%1.684.1%minus 9.0%
JSWENERGYJSW Energy524.95plus 0.31%96,22441.315.97.3%53.4%2.0723.5%minus 0.9%
BHAGGASBhagawati Gas9.11minus 1.62%1514.7–6.5%−797.0%0.0924.7%plus 1647.2%
Median of 7 peers–0.31%2,34,57429.215.98.5%38.7%1.6812.5%−0.9%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
0.10.1000
0.50.40.30.40.3
−0.4−0.3−0.3−0.4−0.3
−441.2%−246.0%−8476.3%−1155.7%−3293.2%
0.20.20.220.4
0.10.10.10.10.1
00000
−0.3−0.2−0.21.50
–––−16.2%9314.3%
−0.3−0.2−0.21.7−0.3
-0.17-0.14-0.151.06-0.15

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+24.7%
Profit CAGR 3Y
+17.0%
EPS CAGR 3Y
+18.1%
ROE
6.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
0.10.60.50.2
–+357.7%minus 21.3%minus 46.2%
1.31.32.91.7
−1.2−0.7−2.5−1.4
−943.2%−124.1%−531.0%−566.9%
0.80.83.80.6
0.100.20.3
0.20.20.10.1
−0.10.3−0.11.9
−0.80.10.90.7
179.5%324.8%83.8%−32.6%
0.6−0.20.11
–minus 135.5%–+595.8%
0.37-0.110.100.61

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
16.716.716.716.7
−2−2.2−2.1−1
0.40.92.81.5
43.63.71.5
19.11921.318.7
2.3332.9
–0.80.80.8
–8.741.5
9.10.90.50.6
7.75.71312.9
19.11921.318.7

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−1.6−0.7−2.6−1.3
0.70.80.63.1
−0.10.41.6−1.7
−10.4−0.40.1
−0−0−0.2–
−1.6−0.7−2.8−1.3

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you