---
title: "Bhagheeratha Engineering Ltd (522136) — Share Price, Financials & Analysis"
symbol: "522136"
company: "Bhagheeratha Engineering Ltd"
canonical: "https://tapetide.com/stocks/522136"
isin: "INE869E01012"
bse_code: "522136"
generated_at: "2026-10-13T11:52:43.261Z"
---

# Bhagheeratha Engineering Ltd (522136)

Canonical page: https://tapetide.com/stocks/522136

## Company

- **BSE Code:** 522136
- **ISIN:** INE869E01012
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** bhageeratha.in

## About

Bhagheeratha Engineering is engaged in the business of undertaking civil construction contracts. The company has an excellent track record in taking up and completing complex engineering projects such as roads, highways, bridges, dams, canals, tunnels, industrial structures and other turnkey jobs.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -28.6% over past five years.
- Debtor days have increased from 23.3 to 55.4 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -124% | — | — |
| revenue growth | -88% | -48% | -29% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 97.35 | 123.16 | 200.21 | 102.73 | 161.89 | 122.82 | 206.99 | 102.39 | 124.85 | 124.58 |
| Expenses | 74.56 | 99.92 | 161.09 | 99.52 | 135.07 | 119.41 | 148.76 | 103.58 | 117.36 | 121.13 |
| Operating Profit | 22.79 | 23.24 | 39.12 | 3.21 | 26.82 | 3.41 | 58.23 | -1.19 | 7.49 | 3.45 |
| OPM % | 23.41 | 18.87 | 19.54 | 3.12 | 16.57 | 2.78 | 28.13 | -1.16 | 6 | 2.77 |
| Other Income | 0.75 | 6.54 | -1.19 | -0.48 | -0.08 | -2.73 | 1.32 | 14.04 | 5.09 | -1.76 |
| Interest | 5.14 | 3.94 | 3.69 | 4.67 | 4.77 | 5.57 | 5.51 | 4.51 | 4.85 | 6.01 |
| Depreciation | 6.26 | 5.14 | 2.9 | 2.38 | 2.73 | 2.88 | 3.42 | 3.55 | 3.71 | 4.25 |
| Profit before tax | 12.14 | 20.7 | 31.34 | -4.32 | 19.24 | -7.77 | 50.62 | 4.79 | 4.02 | -8.57 |
| Tax % | -2.14 | 10.24 | 10.47 | 1.39 | 10.08 | 10.17 | 6.89 | 13.99 | -11.69 | -4.67 |
| Net Profit | 12.4 | 18.58 | 28.06 | -4.37 | 17.3 | -8.56 | 47.13 | 4.12 | 4.49 | -8.18 |
| EPS in Rs | 6.81 | 10.21 | 15.42 | -2.4 | 9.51 | -4.14 | 22.77 | 1.99 | 2.17 | -3.95 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 8.09 | 1.27 | 1.7 | 1.62 | 9.57 | 12.74 | 13.01 | 12.52 | 14.58 | 1.78 |
| Expenses | 22.38 | 5.62 | 16.39 | 1.75 | 5.09 | 12.72 | 11.76 | 8.52 | 5.39 | 6.86 |
| Operating Profit | -14.29 | -4.35 | -14.69 | -0.13 | 4.48 | 0.02 | 1.25 | 4 | 9.19 | -5.08 |
| OPM % | -176.64 | -342.52 | -864.12 | -8.02 | 46.81 | 0.16 | 9.61 | 31.95 | 63.03 | -285.39 |
| Other Income | 2.88 | 0.18 | 20.72 | 7.43 | 0 | 22.18 | 3.74 | 2.08 | 1.63 | 4.71 |
| Interest | 4.9 | 4.65 | 3.85 | 3.52 | 0.02 | 0.32 | 0.01 | 0.01 | 0.09 | 0.11 |
| Depreciation | 2.93 | 2.37 | 1.65 | 0.98 | 0.82 | 5.41 | 0.2 | 0.13 | 0.11 | 0.13 |
| Profit before tax | -19.24 | -11.19 | 0.53 | 2.8 | 3.64 | 16.47 | 4.78 | 5.94 | 10.62 | -0.61 |
| Tax % | -1.25 | -4.65 | -67.92 | -18.93 | -2.75 | -9.65 | -0.42 | 162.63 | -0.75 | -1.64 |
| Net Profit | -19 | -10.67 | 0.9 | 3.32 | 3.75 | 18.06 | 4.79 | -3.72 | 10.71 | -0.6 |
| EPS in Rs | -24.3 | -13.65 | 1.15 | 4.25 | 4.8 | 23.1 | 6.13 | -4.76 | 13.7 | -0.77 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 7.83 | 7.83 | 7.83 | 7.83 | 7.83 | 7.83 | 7.83 | 7.83 | 7.83 | 7.83 |
| Reserves | -184.05 | -194.72 | -193.82 | -190.5 | -119.86 | -79.2 | -74.41 | -78.14 | -67.43 | -68.03 |
| Borrowings | 102.43 | 113.76 | 104.41 | 92.87 | 27.94 | 2.29 | 2.23 | 1.37 | 0.92 | 0.68 |
| Other Liabilities | 140.39 | 130.76 | 132.64 | 138.24 | 122 | 106.21 | 113.16 | 109.73 | 109.17 | 107.57 |
| Total Liabilities | 66.6 | 57.63 | 51.06 | 48.44 | 37.91 | 37.13 | 48.81 | 40.79 | 50.49 | 48.05 |
| Fixed Assets | 15.86 | 11.71 | 8.93 | 7.62 | 6.59 | 0.82 | 0.64 | 0.53 | 8.46 | 8.9 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.31 |
| Investments | 0.47 | 0.23 | 0.23 | 0.09 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 |
| Other Assets | 50.27 | 45.69 | 41.9 | 40.73 | 31.17 | 36.16 | 48.02 | 40.11 | 41.88 | 38.69 |
| Total Assets | 66.6 | 57.63 | 51.06 | 48.44 | 37.91 | 37.13 | 48.81 | 40.79 | 50.49 | 48.05 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 4.51 | -12.25 | 3.81 | 0 | 16.01 | 8.71 | -1.55 | 4.76 | 6.75 | -2.95 |
| Cash from Investing Activity | 2.02 | 1.63 | 3.22 | 0 | 0.36 | 0.99 | 1.14 | 0.75 | -6.96 | 0.02 |
| Cash from Financing Activity | -10.63 | 10.56 | -8.71 | 0 | -17.41 | -8.95 | -0.07 | -0.57 | -0.38 | -0.35 |
| Net Cash Flow | -4.1 | -0.06 | -1.68 | 0 | -1.04 | 0.75 | -0.49 | 4.93 | -0.59 | -3.29 |
| Free Cash Flow | 6.22 | -10.78 | 6.82 | 0 | 16.24 | 9.2 | -1.42 | 4.92 | -1.26 | -3.79 |
| CFO/OP | -35 | 281 | -26 | 0 | 357 | 43550 | -124 | 119 | 73 | 58 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 21.66 | 74.72 | 57.97 | 60.83 | 10.3 | 7.74 | 7.57 | 7.87 | 6.76 | 55.37 |
| Inventory Days | — | 14072.78 | 2884.39 | — | — | — | — | — | — | — |
| Days Payable | — | 158815.56 | 34479.15 | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 21.66 | -144668.05 | -31536.79 | 60.83 | 10.3 | 7.74 | 7.57 | 7.87 | 6.76 | 55.37 |
| Working Capital Days | -4697.18 | -34956.65 | -26713.71 | -29450.09 | -4595.49 | -2971.86 | -2783.65 | -2783.56 | -2343.21 | -19336.8 |

## Shareholding Pattern

### annual

| Category | Mar 2025 | Dec 2025 |
| --- | --- | --- |
| Promoters | 51.39% | 51.43% |
| FIIs | 1.59% | 0.26% |
| DIIs | 15.42% | 10.67% |
| Public | 31.6% | 37.65% |
| No. of Shareholders | 56042 | 51508 |

### Quarterly

| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 51.39% | 51.39% | 51.39% | 51.39% | 51.43% |
| FIIs | 3.62% | 1.59% | 0.95% | 0.94% | 0.26% |
| DIIs | 14.94% | 15.42% | 12.2% | 11.3% | 10.67% |
| Public | 30.07% | 31.6% | 35.46% | 36.38% | 37.65% |
| No. of Shareholders | 60160 | 56042 | 56092 | 54564 | 51508 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-17 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d4f691a9-7e0f-4a67-a6f6-93713065ca38.pdf) |
| 2026-02-14 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d1e40659-4d8d-4979-9e4e-6adc2a7170a9.pdf) |
| 2026-02-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e2459cfe-a930-45cf-8514-4be462b43e95.pdf) |
| 2026-02-13 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/08b585f7-c208-443d-84f5-f0f733fe3047.pdf) |
| 2026-02-13 | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report](https://www.bseindia.com/xml-data/corpfiling/AttachHis/80a06b77-8f9d-4070-8488-e4505f093cd6.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a00e7eec-e8f6-44c1-9135-06891c6cc590.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d4f691a9-7e0f-4a67-a6f6-93713065ca38.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b7a31bc1-5078-48fd-82cd-7273a1d101db.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/200382af-bd59-43a0-92e5-fa28bda98d50.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f52a458e-8ca0-43df-849c-e228373841c2.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cbcb2384-b8a4-4506-b57d-2625ccd55f00.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:52:43.261Z.