Some financial facts about bhagya nagar india
1:BHAGYA NAGAR india is a part of surana group, dealing in ferrous and non ferrous metals.
Surana group in past have been slapped penalty for insider trading, and fraud
Which easily can be found on google by typing (fraud by surana group)
Sebi slaps Rs 10 lakh fine on Surana Industries, 3 directors /article/pti-stories/sebi-slaps-rs-10-lakh-fine-on-surana-industries-3-directors-114093000963_1.html
2: Company products include copper related which is used in telecom, power sectors, solar industry, auto ancillary.
3:surana group has very poor performance, and loss making entity, never have shareholder friendly approach, never paid any dividend even if profit.
4:BHAGYA NAGAR india gross margin was 25% in 2012 which is now 12%
Currently, it’s clear that company has no bargaining power with customers.
5:IF you see result of bhagya nagar, you will find that other income always more than main income, means if we reduce other income then company will be in loss for each year.
6:EACH QUARTER promoter shareholding keep changing as if promoters trading in their own stakes.
7:Some hidden facts may be in annual report which i didn’t see but will check later.
Disclaimer :I HAVE NO HOLDING IN BHAGYA NAGAR NOW.
INVESTORS CAN DO THEIR OWN RESEARCH BEFORE MAKING INVESTMENT DECISIONS