Bhagwati Autocast Ltd share Price

Bhagwati Autocast Ltd., a foundry unit of the Bhagwati Group, produces high-duty grey and ductile iron castings adhering to international standards. The company, incorporated in 1981, has its machine moulding unit in Bavla located, which is 25 km from Ahmedabad. For FY 2021-2022, the company’s total revenue was Rs 112.27 crore, up 7.51% from the previous financial year, 2020-2021. On 19 October 2022, Bhagwati Autocast Ltd.’s market capitalisation stood at Rs 67 crore.

The company is listed on the Bombay Stock Exchange with the code 504646 and not traded on the National Stock Exchange.

Bhagwati Autocast Ltd. also produces alloy iron castings and SG iron castings. It manufactures high-quality castings for various industries such as automotive, tractor, light and heavy commercial vehicles, hydraulic, plastic injection moulding machines, refrigeration, wind generation/generator, air and gas compressors, and general engineering products.

On 30 September 2022, the company’s shareholding pattern indicated a 73.32% promoter stake and a 26.69% public stake. Ms Reena Pravinbhai Bhagwati is the leading promoter with a 34.03% share, followed by Bhagwati Spherocast Pvt Ltd. with a 19.95% share. During the June 2022 quarter, the company earned a profit of Rs 2.30 crore after tax, up 874% against March 2022 quarter’s profit after tax.

Dr Pravin Bhagwati is the company’s chairman and joint managing director. Ms Reena P Bhagwati is the managing director. The other board members include Mr Padmin H Buch, Mr Vimal R Ambani, Mr Dinesh K Sheth, Mr Rajendraprasad J Shah, Mr Mehul C Naliyadhara, and Mr Shantanu C Mehta. Its auditors are Mahendra N Shah & Co. As of 30 September 2022, the company had a total of 0.29 crore shares outstanding.

On 19 October 2022, the company’s share price closed at Rs 233.75 on BSE. As it is not traded on NSE, there was no price update. The company’s share touched a 52-week high of Rs 249.20 and a 52-week low of Rs 140. Its six-month return to investors was 43.80%, while its one-year return was 25%.

The company’s peers include Sona BLW Precision Forgings Ltd., Mahindra CIE Automotive Ltd., Ramkrishna Forgings Ltd., and PTC Industries Ltd.

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