Bhagawati Gas
BSE: BHAGGAS · Industrial Gases
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Snapshot
Unlock Bhagawati Gas's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Bhagawati Gas Limited is an Indian industrial gas company specialising in the production and distribution of oxygen, nitrogen, and argon. It serves clients across the steel, healthcare, and manufacturing sectors through air separation units.
Business Model
The company generates revenue by supplying industrial gases via pipeline delivery and cylinder distribution to a localised industrial consumer base. It leverages air separation technology to meet the specific supply chain requirements of its clients.
Growth Outlook
Growth is expected to be driven by the sustained demand for industrial gases within the steel and healthcare sectors. The company may also explore further opportunities within the energy and infrastructure domains to expand its operational footprint.
Key Risks
- Operational Scale. The company faces competitive disadvantages due to its modest operational scale compared to larger, more established industry peers.
- Supply Chain Dependency. Reliance on localised distribution networks makes the company vulnerable to regional supply chain disruptions and logistics cost fluctuations.
- Sectoral Concentration. Heavy exposure to the steel and manufacturing sectors leaves the company susceptible to cyclical downturns in industrial activity.
- Regulatory Compliance. The production and handling of industrial gases are subject to stringent safety and environmental regulations that may impact operational costs.
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Peers · Industrial Gases
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Bhagawati GasBHAGGAS | ₹16 Cr | — | — | — | -560.0% | — | — | — |
Linde India Ltd.LINDEINDIA | ₹55,469 Cr | 101.53 | 59.37 | 10.4% | 35.1% | 13.5% | 15.9% | +2.0% |
Ellenbarrie Industrial Gases LtdELLEN | ₹4,507 Cr | 37.36 | 25.55 | — | 51.4% | 12.3% | 14.5% | -38.2% |
Refex Industries LimitedREFEX | ₹3,946 Cr | 15.97 | 8.64 | 26.5% | 15.9% | 16.5% | 25.1% | -21.5% |
Stallion India Fluorochemicals LimitedSTALLION | ₹2,479 Cr | 37.14 | 31.84 | — | 16.4% | 10.6% | 14.4% | +43.4% |
As of Mar 2026
Financials
Bhagawati Gas
BSE: BHAGGAS · Industrial Gases
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Bhagawati Gas's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Bhagawati Gas Limited is an Indian industrial gas company specialising in the production and distribution of oxygen, nitrogen, and argon. It serves clients across the steel, healthcare, and manufacturing sectors through air separation units.
Business Model
The company generates revenue by supplying industrial gases via pipeline delivery and cylinder distribution to a localised industrial consumer base. It leverages air separation technology to meet the specific supply chain requirements of its clients.
Growth Outlook
Growth is expected to be driven by the sustained demand for industrial gases within the steel and healthcare sectors. The company may also explore further opportunities within the energy and infrastructure domains to expand its operational footprint.
Key Risks
- Operational Scale. The company faces competitive disadvantages due to its modest operational scale compared to larger, more established industry peers.
- Supply Chain Dependency. Reliance on localised distribution networks makes the company vulnerable to regional supply chain disruptions and logistics cost fluctuations.
- Sectoral Concentration. Heavy exposure to the steel and manufacturing sectors leaves the company susceptible to cyclical downturns in industrial activity.
- Regulatory Compliance. The production and handling of industrial gases are subject to stringent safety and environmental regulations that may impact operational costs.
Start your research today
Unlock AI insights, financials, peers and live data on Bhagawati Gas and 5,000+ companies — free.
Peers · Industrial Gases
As of Mar 2026