Bhagawati Oxygen
BSE: BHAGWOX · Commodity Chemicals
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Snapshot
Unlock Bhagawati Oxygen's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Bhagawati Oxygen Limited is an Indian manufacturer of industrial gases, specialising in liquid and compressed oxygen for the steel and heavy engineering sectors. The company also maintains a presence in the renewable energy sector through wind power projects located in Rajasthan and Karnataka.
Business Model
The company generates revenue primarily through the production and supply of industrial gases, supported by long-term pipeline contracts with major steel manufacturers like Tata Steel. Additionally, it derives income from the generation and sale of electricity via its wind power assets.
- Primary Facility:Air separation unit in Jamshedpur
Growth Outlook
Growth is tied to the industrial demand for oxygen within the steel manufacturing sector in eastern India and the operational performance of its renewable energy portfolio. Future prospects depend on maintaining stable supply contracts and optimising wind power generation capacity.
Key Risks
- Customer Concentration. The company's heavy reliance on a long-standing contract with a single major client, Tata Steel, creates significant revenue vulnerability.
- Sectoral Cyclicality. Demand for industrial gases is highly correlated with the cyclical performance of the steel and heavy engineering industries.
- Regulatory and Operational Risk. Operations are subject to stringent industrial safety regulations and the inherent volatility associated with renewable energy generation.
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Key Metrics
REVENUE
₹0.73 Cr
TTM · standalone
NET PROFIT
₹-0.23 Cr
TTM · standalone
EPS
₹-0.97
TTM · standalone
RETURN ON EQUITY
-5.3%
TTM · standalone
P/E
-38.2x
Q1 FY26 · standalone
EV/EBITDA
-68.5x
Q1 FY26 · standalone
EBITDA MARGIN
-19.2%
TTM · standalone
NET PROFIT MARGIN
160.0%
Q3 FY26 · standalone
DEBT TO EQUITY
0.4x
Q2 FY26 · standalone
Peers · Commodity Chemicals
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Bhagawati OxygenBHAGWOX | ₹9 Cr | -39.15 | -74.07 | 12.3% | -19.2% | -5.3% | 21.0% | -6.3% |
Blue Pearl Agriventures LimitedBPAGRI | ₹525 Cr | — | — | — | 2.7% | — | — | -92.2% |
Primo ChemicalsPRIMO | ₹517 Cr | 32.82 | 7.31 | -2.7% | 15.8% | 4.0% | 7.1% | -16.6% |
POCL EnterprisesPOEL | ₹460 Cr | 10.53 | 7.57 | — | 5.3% | 21.3% | 33.7% | -37.2% |
Mangalam OrganicMANORG | ₹437 Cr | 21.41 | 8.88 | 17.3% | 13.6% | 6.8% | 15.9% | -7.2% |
Lords Chloro Alkali LimitedLORDSCHLO | ₹402 Cr | 11.52 | 7.91 | 29.8% | 17.3% | 15.6% | 14.1% | -18.7% |
As of Q1 FY26
Financials
Bhagawati Oxygen
BSE: BHAGWOX · Commodity Chemicals
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Bhagawati Oxygen's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Bhagawati Oxygen Limited is an Indian manufacturer of industrial gases, specialising in liquid and compressed oxygen for the steel and heavy engineering sectors. The company also maintains a presence in the renewable energy sector through wind power projects located in Rajasthan and Karnataka.
Business Model
The company generates revenue primarily through the production and supply of industrial gases, supported by long-term pipeline contracts with major steel manufacturers like Tata Steel. Additionally, it derives income from the generation and sale of electricity via its wind power assets.
- Primary Facility:Air separation unit in Jamshedpur
Growth Outlook
Growth is tied to the industrial demand for oxygen within the steel manufacturing sector in eastern India and the operational performance of its renewable energy portfolio. Future prospects depend on maintaining stable supply contracts and optimising wind power generation capacity.
Key Risks
- Customer Concentration. The company's heavy reliance on a long-standing contract with a single major client, Tata Steel, creates significant revenue vulnerability.
- Sectoral Cyclicality. Demand for industrial gases is highly correlated with the cyclical performance of the steel and heavy engineering industries.
- Regulatory and Operational Risk. Operations are subject to stringent industrial safety regulations and the inherent volatility associated with renewable energy generation.
Start your research today
Unlock AI insights, financials, peers and live data on Bhagawati Oxygen and 5,000+ companies — free.
Key Metrics
REVENUE
₹0.73 Cr
TTM · standalone
NET PROFIT
₹-0.23 Cr
TTM · standalone
EPS
₹-0.97
TTM · standalone
RETURN ON EQUITY
-5.3%
TTM · standalone
P/E
-38.2x
Q1 FY26 · standalone
EV/EBITDA
-68.5x
Q1 FY26 · standalone
EBITDA MARGIN
-19.2%
TTM · standalone
NET PROFIT MARGIN
160.0%
Q3 FY26 · standalone
DEBT TO EQUITY
0.4x
Q2 FY26 · standalone
Peers · Commodity Chemicals
As of Q1 FY26