Bhagawati Gas quarterly results and financials

Bhagawati Gas (BSE 500051)₹9.50+4.28%(9 Nov 2026 close)Industrial Gases

Key facts

In the Mar 2026 quarter (standalone), Bhagawati Gas reported sales of ₹0.03 Cr, down 85.0% from Mar 2025, and net profit of ₹1.74 Cr. For the year to Mar 2026, sales were ₹0.24 Cr and net profit ₹0.98 Cr.

Sales (Mar 2026): ₹0.03 Cr
Net profit (Mar 2026): ₹1.74 Cr
Sales (FY Mar 2026): ₹0.24 Cr
Net profit (FY Mar 2026): ₹0.98 Cr
EPS (Mar 2026): ₹1.04
Borrowings (Mar 2026): ₹1.48 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Bhagawati Gas quarterly results

₹ crore unless stated; each column is a quarter.

Bhagawati Gas Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	0.30	0.10	0.19	0.11	0.08	0.11	0.04	0.20	0.08	0.11	0.00	0.03
Expenses	0.27	0.34	0.32	0.16	0.63	0.32	1.27	0.87	0.49	0.43	0.34	0.45
Operating Profit	0.06	−0.23	−0.12	−0.04	−0.54	−0.20	−1.22	−0.66	−0.40	−0.31	−0.34	−0.41
OPM %	16.0%	−200.1%	−55.1%	−25.1%	−589.0%	−158.4%	−2,420.1%	−309.6%	−433.4%	−250.1%	—	−1,000.1%
Other Income	0.00	0.33	0.18	0.19	0.18	0.18	3.41	0.17	0.20	0.18	0.17	2.04
Interest	0.00	0.03	0.06	0.04	0.03	0.07	0.12	0.13	0.07	0.09	0.07	0.11
Depreciation	0.00	0.05	0.05	0.04	0.05	0.05	0.05	0.04	0.03	0.03	0.03	0.03
Profit before tax	0.04	0.03	−0.02	0.08	−0.41	−0.11	2.03	−0.63	−0.27	−0.22	−0.24	1.50
Tax %	80.0%	0.0%	0.0%	355.6%	0.0%	0.0%	0.0%	115.7%	0.0%	0.0%	0.0%	−15.8%
Net Profit	0.00	0.03	−0.03	−0.22	−0.40	−0.10	2.03	−1.37	−0.27	−0.22	−0.24	1.74
EPS (Rs)	0.00	0.01	−0.01	−0.13	−0.23	−0.06	1.21	−0.81	−0.16	−0.13	−0.14	1.04

Bhagawati Gas profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Bhagawati Gas Profit and loss
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	0.00	0.00	0.00	0.00	0.00	0.20	1.10	0.12	0.58	0.45	0.24	0.22
Expenses	0.64	0.58	0.64	0.60	4.54	1.93	0.32	1.41	1.06	3.03	1.66	1.71
Operating Profit	−0.63	−0.58	−0.64	−0.60	−4.54	−1.72	0.81	−1.28	−0.47	−2.57	−1.41	−1.46
OPM %	−6,200.1%	—	—	—	—	−814.4%	72.0%	−977.0%	−78.1%	−556.6%	−560.1%	−663.6%
Other Income	0.55	0.11	0.18	0.19	3.38	0.93	0.00	0.77	0.85	3.90	2.55	2.59
Interest	0.13	0.11	0.11	0.10	0.14	0.07	0.00	0.11	0.13	0.32	0.32	0.34
Depreciation	0.45	0.40	0.40	0.29	0.18	0.16	0.00	0.18	0.17	0.15	0.09	0.12
Profit before tax	−0.63	−0.95	−0.94	−0.77	−1.45	−0.99	0.79	−0.77	0.09	0.87	0.74	0.77
Tax %	0.0%	0.0%	−50.5%	−5.1%	−87.7%	−2.0%	0.0%	−179.5%	320.0%	84.1%	−31.9%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
Net Profit	−0.62	−0.95	−0.46	−0.72	−0.17	−0.98	0.79	0.61	−0.21	0.13	0.98	1.01
EPS (Rs)	−0.37	−0.56	−0.27	−0.43	−0.10	−0.58	0.47	0.36	−0.12	0.07	0.58	0.61
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Bhagawati Gas balance sheet

₹ crore, at each year end.

Bhagawati Gas Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	16.71	16.72	16.72	16.72	16.72	16.73	16.72	16.72	16.73	16.72
Reserves	1.57	0.61	0.15	−0.58	−0.89	−1.90	−2.06	−2.24	−2.06	−1.05
Borrowings	1.00	1.05	4.69	0.78	0.29	0.28	0.44	0.91	2.84	1.48
Other Liabilities	6.35	6.86	2.63	6.68	4.09	4.93	4.04	3.66	3.73	1.56
Total Liabilities	25.63	25.24	24.19	23.60	20.21	20.04	19.14	19.05	21.24	18.71
Fixed Assets	6.20	5.81	5.50	4.93	2.79	2.64	2.32	2.16	2.19	2.12
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.08	0.01	0.03	0.02	0.00	0.00	0.03	0.04	0.03	0.03
Other Assets	19.35	19.42	18.66	18.65	17.42	17.40	16.79	16.85	19.02	16.56
Inventories	0.06	0.00	0.00	0.00	0.00	0.00	0.00	0.20	0.26	0.26
Trade receivables	5.78	5.78	5.78	5.78	0.07	0.09	0.31	0.32	3.85	3.98
Cash & equivalents	0.00	0.16	0.25	0.09	13.09	11.75	9.09	0.85	0.46	5.22
Total Assets	25.63	25.24	24.19	23.60	20.21	20.04	19.14	19.05	21.24	18.71

Bhagawati Gas cash flow

₹ crore, for each year.

Bhagawati Gas Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	0.11	0.01	0.22	−0.37	−1.61	−0.73	−2.59	−1.33
Cash from investing activity	0.23	0.16	0.07	0.32	0.75	0.83	0.59	3.10
Cash from financing activity	−0.35	0.00	−0.20	−0.12	−0.11	0.36	1.62	−1.67
Net cash flow	−0.02	0.17	0.11	−0.18	−0.96	0.44	−0.40	0.10
Capex	0.00	0.00	0.11	0.02	0.00	0.00	0.18	0.00
Free cash flow	0.15	0.01	0.24	0.06	−1.59	−0.73	−2.76	−1.33
CFO / OP %	−19.0%	−4.0%	−30.0%	60.9%	235.9%	91.0%	73.0%	113.0%

Bhagawati Gas ratios

Working-capital days and returns, by year.

Bhagawati Gas Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	2,10,604	—	—	—	—	138	841	191	3,046	5,795
Inventory days	—	—	—	—	—	—	—	—	246	536
Days payable	—	—	—	—	—	—	—	—	0	0
Cash conversion cycle	2,10,605	—	—	—	—	139	842	192	3,294	6,333
Working capital days	4,47,124	—	—	—	—	−1,009	6,766	160	967	6,423
ROCE %	−3.5%	−4.7%	−4.7%	−4.3%	−8.0%	−6.0%	—	1.5%	7.2%	6.1%

Bhagawati Gas: frequently asked questions

What are the latest quarterly results of Bhagawati Gas?

For the Mar 2026 quarter, Bhagawati Gas reported sales of ₹0.03 Cr, down 85.0% year on year and net profit of ₹1.74 Cr. The operating margin was −1,000.1%.

What is the annual revenue of Bhagawati Gas?

Bhagawati Gas' sales for the year to Mar 2026 were ₹0.24 Cr; over the last twelve months they were ₹0.22 Cr.

What is the net profit of Bhagawati Gas?

Net profit for the year to Mar 2026 was ₹0.98 Cr, and ₹1.01 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.61.

How much debt does Bhagawati Gas have?

Bhagawati Gas reported borrowings of ₹1.48 Cr at Mar 2026, against cash and equivalents of ₹5.22 Cr.

What is the free cash flow of Bhagawati Gas?

Cash from operations was −₹1.33 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1.33 Cr.

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