Bijoy Hans Ltd (ARVAYA) · mywealthgrid

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About

Bijoy Hans Ltd operates in trading and distribution within the industrials sector's commercial services & supplies segment. The company operates at micro-scale with quarterly revenues of ₹0.07–0.13 crore and highly volatile profitability. At a market cap of ₹508.32 crore, valuation appears significantly detached from current operational scale.

Face value: ₹10

Market cap

₹576 Cr

P/E

4,235.3×

P/B

9.9×

Dividend yield

ROE

-3.9%

ROCE

-3.9%

Debt / equity

0.04

OPM

—

EPS (TTM)

₹0.0

Book value

₹12.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue collapsed to ₹0 in Mar 2025 (down from ₹0.13 Cr in Dec 2024), indicating significant operational headwinds or data gaps that require verification.
Operating margins deeply negative: OPM ranged from –54% to –283% across recent quarters (Sep 2024: –283%), signaling structural profitability challenges.
PE ratio of 3,737.65 is extreme—verify whether recent profits were operational or one-time gains, as stock price appears detached from earnings.
Zero institutional participation (FII 0%, DII 0%) and 52-week volatility (₹20.5–₹142.19) create liquidity and concentration risks.

Generated analysis · source review pending

Growth drivers

Dec 2024 net profit of ₹0.53 crore demonstrates profitability is achievable—verify if this can be sustained or scaled.
Stock recovered from ₹20.5 to ₹142.19 in 52 weeks—verify what operational turnaround or market catalyst is being priced.
Operating margin recovery from –283% (Sep 2024) to positive levels would be critical—verify what management cost and pricing initiatives are underway.

Generated analysis · source review pending

131 historical price candles were omitted because the exchange source has not been verified.

₹120.0-3.9%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)

Cons

−Low return on equity of -1.1% (3-yr avg)
−Expensive at 4235.3× trailing earnings
−Trading at 9.9× book value
−Promoter holding fell 32.5 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

21/100

Business quality: 33
Growth: 0
Valuation: 30

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	1	0	0	0	0	0	0	0	0	0
COGS	—	—	-0	-0	-0	0	0	0	0	0	0
Gross profit	—	—	—	—	—	0	0	0	0	0	—
	1	2	1	1	1	0	0	1	0	1	1
	-0	-0	-0	-0	-0	-0	-0	-1	-0	-1	-1
OPM %	-76.2%	-23.3%	-61.4%	-57.5%	-51%	-65%	-90.9%	-173.3%	-128.6%	-189.3%	—
Depreciation	—	—	0	0	0	0	0	0	0	0	0
Interest	—	—	—	—	—	0	0	0	0	0	0
	—	—	0	0	0	0	0	0	0	1	0
Profit before tax	-0	-0	-0	-0	-0	-0	-0	-0	-0	0	-1
Tax	—	—	—	—	—	0	0	0	0	0	0
Tax %	—	—	—	—	—	0%	0%	0%	0%	26.3%	0%
	-0	-0	-0	-0	-0	-0	-0	-0	-0	0	-1
PAT margin %	-11.9%	-10.5%	-25%	-20%	-10.2%	-22.5%	-57.6%	-146.7%	-42.9%	50%	—
EPS (₹)	—	—	—	—	—	0	0	0	0	0	-1.2
EPS adjusted (₹)	—	—	—	—	—	-0.3	-0.6	-1.5	-0.4	0.5	-0.3
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	3	3	3	3	3	48
Reserves	1	1	1	0	1	10
	0	0	0	0	0	3
	0	0	0	0	0	8
Total equity & liabilities	4	4	4	3	4	68
	1	1	1	0	0	0
CWIP	0	0	0	0	0	0
Investments	0	0	0	0	0	61
	3	3	3	3	3	8
Total assets	4	4	4	3	4	68

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	25%	30.3%	30%	25%	21.4%	—
EBITDA margin %	-57.5%	-51%	-65%	-90.9%	-173.3%	-128.6%	-189.3%	—
EBIT margin %	-72.5%	-61.2%	-75%	-100%	-193.3%	-146.4%	-196.4%	—
PAT margin %	-20%	-10.2%	-22.5%	-57.6%	-146.7%	-42.9%	50%	—
Working capital
Receivable days	—	—	119	88	110	104	0	—
Inventory days	—	—	122	111	70	87	0	—
Payable days	—	—	37	63	70	70	0	—
NWC days	—	—	204	136	109	122	0	—
Leverage
Current ratio	—	—	93	70	45.75	46.25	49.67	0.73
Debt to EBITDA	—	—	—	—	—	—	—	—
Debt to equity	—	—	0	0	0.02	0.02	0	0.04
Interest coverage	—	—	—	—	-44	-11	-36	—
Asset turnover	—	—	0.1	0.08	0.08	0.08	0.08	0
Return ratios
Return on assets %	—	—	-2.2%	-4.8%	-12.1%	-3.4%	3.9%	-1.8%
Return on capital employed %	—	—	-2.2%	-4.4%	-11.7%	-3.1%	-10.3%	-3.9%
Return on equity %	—	—	-2.2%	-4.8%	-12.5%	-3.5%	4%	-2.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	7.74%	7.74%	7.74%	7.74%	7.74%	7.74%	7.74%	63.1%	62.73%	62.73%	30.62%	30.62%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	92.26%	92.26%	92.26%	92.26%	92.26%	92.26%	92.26%	36.9%	37.27%	37.27%	69.38%	69.38%
No. of shareholders	—	—	—	—	—	—	—	—	3,196	3,193	3,387	3,393

Promoter holding up 22.88 percentage points since Sep 2023.

Mr. KAUSHAL UTTAM SHAHExecutive Director-Chairperson-MD
Mr. SALIL SRIRAM SHETTYExecutive Director-CEO
Mr. RAHUL RAVINDRA MAYURNon-Executive - Independent Director
Mr. BIJESH JUGALKISHOR BIYANINon-Executive - Independent Director
Mrs. MANALI ADITYA PANDITNon-Executive - Independent Director
Mr. Bidari Kotresh AnilkumarExecutive Director
Mr. Ranganath AbhiramChief Financial Officer
Guinea AgrawalCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Bijoy Hans Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results12 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

30 announcementsExport CSV

21 Aug 2026, 10:01 pmBoard Meeting

Board Meeting Intimation for Board Meeting To Be Held On 26Th August 2026

Exchange filing

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	25%	30.3%	30%	25%	21.4%	—
EBITDA margin %	-57.5%	-51%	-65%	-90.9%	-173.3%	-128.6%	-189.3%	—
EBIT margin %	-72.5%	-61.2%	-75%	-100%	-193.3%	-146.4%	-196.4%	—
PAT margin %	-20%	-10.2%	-22.5%	-57.6%	-146.7%	-42.9%	50%	—
Working capital
Receivable days	—	—	119	88	110	104	0	—
Inventory days	—	—	122	111	70	87	0	—
Payable days	—	—	37	63	70	70	0	—
NWC days	—	—	204	136	109	122	0	—
Leverage
Current ratio	—	—	93	70	45.75	46.25	49.67	0.73
Debt to EBITDA	—	—	—	—	—	—	—	—
Debt to equity	—	—	0	0	0.02	0.02	0	0.04
Interest coverage	—	—	—	—	-44	-11	-36	—
Asset turnover	—	—	0.1	0.08	0.08	0.08	0.08	0
Return ratios
Return on assets %	—	—	-2.2%	-4.8%	-12.1%	-3.4%	3.9%	-1.8%
Return on capital employed %	—	—	-2.2%	-4.4%	-11.7%	-3.1%	-10.3%	-3.9%
Return on equity %	—	—	-2.2%	-4.8%	-12.5%	-3.5%	4%	-2.1%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Redington LimitedREDINGTONREDINGTON	₹31,112 Cr	₹33,749 Cr	₹1,28,133 Cr	₹2,537 Cr	1.9%	₹1,701 Cr	1.1%	21.7%	15.8%	34
Mmtc LimitedMMTCMMTC	₹8,444 Cr	₹8,444 Cr	₹3 Cr	₹-179 Cr	—	₹447 Cr	—	-0.5%	20.3%	-2,38,864
Mstc LimitedMSTCLTDMSTCLTD	₹4,969 Cr	₹5,114 Cr	₹386 Cr	₹236 Cr	60.6%	₹234 Cr	59.1%	34.9%	26.6%	-92
Bn Agrochem LimitedBNAGROCHEMBNAGROCHEM	₹2,228 Cr	₹2,310 Cr	₹299 Cr	₹-37 Cr	-12.5%	₹20 Cr	6.6%	12%	8.5%	130
Creative Newtech LimitedCNLCNL	₹1,619 Cr	₹1,943 Cr	₹2,783 Cr	₹99 Cr	3.2%	₹74 Cr	2.6%	29.2%	21.4%	75
Pervasive Commodities LtdPERVASIVEPERVASIVE	₹1,090 Cr	₹1,090 Cr	₹43 Cr	₹-0 Cr	-1.1%	₹-0 Cr	-0.1%	0%	-0.1%	548
RRP Defense LtdRRPDEFENSERRPDEFENSE	₹842 Cr	₹844 Cr	₹12 Cr	₹-1 Cr	-8.4%	₹-1 Cr	-8.2%	-13.7%	-13.7%	-15
The Yamuna Syndicate LtdYSLYSL	₹779 Cr	₹779 Cr	₹69 Cr	₹2 Cr	2.2%	₹52 Cr	75.3%	0.3%	4%	60
The State Trading Corporation Of India LimitedSTCINDIASTCINDIA	₹636 Cr	₹1,811 Cr	₹0 Cr	₹-46 Cr	—	₹21 Cr	—	—	—	—
SMT Engineering LtdSMTELSMTEL	₹598 Cr	₹679 Cr	₹162 Cr	₹41 Cr	25%	₹23 Cr	14.2%	33.2%	25.2%	395
Bijoy Hans LtdARVAYAARVAYA	₹576 Cr	₹579 Cr	₹0 Cr	₹-1 Cr	—	₹0 Cr	—	-3.9%	-3.9%	—
Riddhi Siddhi Gluco Biols LtdRIDDHIRIDDHI	₹505 Cr	₹787 Cr	₹236 Cr	₹-12 Cr	-5.2%	₹61 Cr	-5.2%	2.8%	-0.8%	65

Date	Category	Subject	Filing
21 Aug 2026, 10:01 pm	Board Meeting	Board Meeting Intimation for Board Meeting To Be Held On 26Th August 2026	PDF
21 Aug 2026, 6:51 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
16 Aug 2026, 9:19 am	AGM/EGM Postal Ballot	Arvaya Healthcare Ltd - 524723 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report	PDF
12 Aug 2026, 8:47 pm	Company Update General	Announcement Under Regulation 30 Of LODR	PDF
12 Aug 2026, 8:37 pm	Company Update Reg.24(A)-Annual Secretarial Compliance	Compliances-Reg.24(A)-Annual Secretarial Compliance	PDF
12 Aug 2026, 8:07 pm	Company Update Reg. 32 (1), (3) - Statement of Deviation & Variation	Statement Of Deviation For The Quarter Ended 30 June 2026.	PDF
12 Aug 2026, 8:01 pm	Result Financial Results	Unaudited Financial Results For The First Quarter Ended 30 June 2026.	PDF
12 Aug 2026, 7:51 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of The Board Meeting Held On 12 August 2026	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0	-0	-0	-0	0	-8
	0	0	-0	0	1	-2
	0	0	0	-0	-0	8
Net cash flow	-0	-0	-0	0	1	-3
Free cash flow	-0	-0	-0	-0	0	-8
CFO / Operating profit %	—	—	—	—	—	—

Bijoy Hans Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Announcements

Not in the F&O segment

Board meetings1

Ratio timeline

Quarterly record

Board and management

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Return on equity

1

1