Bharat Global Developers Ltd (BGDL)

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Bharat Global Developers Ltd (BGDL) · mywealthgrid

About

BGDL is a mid-cap IT hardware equipment company with market cap ₹880.7 Cr. Business shows extreme quarterly volatility in revenue (₹19.94 Cr to ₹276 Cr) and profitability, with recent quarters posting losses.

Face value: ₹10

Market cap

₹1,101 Cr

P/E

—

P/B

—

Dividend yield

ROE

ROCE

Debt / equity

7.9

OPM

EPS (TTM)

₹0.0

Book value

₹0.1

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Revenue highly volatile, ranging from ₹19.94 Cr (Jun 2025) to ₹276 Cr (Dec 2024), with missing data in recent quarters (Mar 2026, Dec 2025) complicating trend assessment
High debt burden (D/E 7.9) limits financial flexibility if revenue contraction continues or payment delays occur
Profitability collapsed: OPM fell from 16.31% (Mar 2024) to 0%, and company posted losses in Mar 2026 (-₹1.3 Cr) and Dec 2025 (-₹0.39 Cr)
No institutional backing: 100% public shareholding with zero promoter, FII, or DII holdings provides no capital support during downturns

Generated analysis · source review pending

Growth drivers

Dec 2024 generated ₹276 Cr revenue, highest in dataset; verify whether this reflects sustained market demand or one-time project completion and pipeline status
Mar 2024 and Jun 2024 achieved 16.31% and 6.35% OPM respectively vs. current 0%; identify operational improvements that enabled higher margins and whether repeatable
Sep 2024 delivered ₹10.11 Cr profit on ₹216.35 Cr revenue; verify if this project execution rate and profitability level can be sustained in upcoming quarters
Recovery from loss-making quarters: Mar 2026 (-₹1.3 Cr) and Dec 2025 (-₹0.39 Cr) require business stabilization; verify status and timeline of any operational restructuring

Generated analysis · source review pending

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

₹108.7-19%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of 0% (3-yr avg)
−Heavily leveraged (debt/equity 7.9)

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

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2022	Mar 2023
	0	0
Operating expenses	—	—
Operating profit (EBITDA)	0	0
OPM %	0%	0%
Depreciation	0	0
Interest	0	0
	0	0
Profit before tax	0	0
Tax	—	—
PAT	0	0
PAT margin %	0%	0%
EPS (₹)	—	—
Annual report	Annual report for Mar 2022	Annual report for Mar 2023

₹ Cr	Mar 2021	Mar 2022	Mar 2023
Equity capital	1	1	1
Reserves	-0	-0	-0
Borrowings	4	4	4
Other liabilities	1	1	1
Total equity & liabilities	5	5	5
Fixed assets	0	0	0
CWIP	—	—	—
Investments	—	—	—
Other assets	—	—	—
Total assets	5	5	5

₹ Cr	Mar 2022	Mar 2023
Cash from operations	0	-0
Cash from investing	0	0
Cash from financing	0	0
Net cash flow	0	-0
Free cash flow	—	—
CFO / Operating profit %	—	—

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: 0%

Return on equity

7 years: —
5 years: —
3 years: —
Last year: 0%

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2022	Mar 2023
Margins
Gross margin %	—	—
EBITDA margin %	0%	0%
EBIT margin %	0%	0%
PAT margin %	0%	0%
Working capital
Receivable days	—	—
Inventory days	—	—
Payable days	—	—
NWC days	—	—
Leverage
Current ratio	0.02	0.02
Debt to EBITDA	—	—
Debt to equity	7.9	7.9
Interest coverage	—	—
Asset turnover	0.01	0.01
Return ratios
Return on assets %	0%	0%
Return on capital employed %	0%	0%
Return on equity %	0%	0%

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 (%)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoter	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
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%
	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%
No. of shareholders	—	—	—	—	—	—	—	—	—	51,993	48,701	45,965

Promoter holding up 0 percentage points since Jun 2023.

33 deals · 12 Nov 2023 – 3 Apr 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
3 Apr 2024	MINABEN KIRITBHAI SHAH	Bulk	BSE	Buy	10,744	₹150.25	₹0.16 Cr
3 Apr 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	7,679	₹150.25	₹0.12 Cr
3 Apr 2024	GLASTON MARIO MENEZES	Bulk	BSE	Sell	5,000	₹150.25	₹0.08 Cr
2 Apr 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	3,225	₹149.08	₹0.05 Cr
1 Apr 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	5,221	₹151.75	₹0.08 Cr
13 Mar 2024	MINABEN KIRITBHAI SHAH	Bulk	BSE	Buy	4,504	₹127.40	₹0.06 Cr
13 Mar 2024	RUCHIRA GOYAL	Bulk	BSE	Sell	3,000	₹127.40	₹0.04 Cr
12 Mar 2024	KANTA DEVI SAMDARIA	Bulk	BSE	Sell	5,000	₹124.95	₹0.06 Cr
12 Mar 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	3,365	₹124.95	₹0.04 Cr
12 Mar 2024	PARESH DHIRAJLAL SHAH	Bulk	BSE	Buy	2,840	₹124.95	₹0.04 Cr

1–10 of 33

1 / 4

Mr. Keyurkumar Pravinbhai PatelExecutive Director-Chairperson-MD
Mr. Sanjay Bhupatbhai ValgotarNon-Executive - Independent Director
Ms. Simoli RavalNon-Executive - Independent Director
Mrs. NIYATI VAISHNAV AMBANINon-Executive - Independent Director
Mr. Dharmesh SolankiNon-Executive - Non Independent Director
Mr. Ketan ChavdaExecutive Director

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 Bharat Global Developers 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

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

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

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

14 announcementsExport CSV

28 Sept 2026, 3:32 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

5 Sept 2026, 3:31 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

3 Sept 2026, 12:53 pmCompany Update

Annual General Meeting Information

General PDF

3 Sept 2026, 12:52 pmOthers

Business Responsibility and Sustainability Reporting (BRSR)

Business Responsibility and Sustainability Reporting (BRSR) PDF

3 Sept 2026, 12:50 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

3 Sept 2026, 11:03 amCompany Update

Clarification In The Matter Of Movement In Price

General PDF

2 Sept 2026, 1:50 pmAGM/EGM

NOTICE OF AGM TO BE HELD ON 28TH SEPTEMBER 2026

AGM PDF

2 Sept 2026, 1:44 pmCompany Update

Clarification sought from Bharat Global Developers Ltd

Clarification

Date	Category	Subject	Filing
28 Sept 2026, 3:32 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
5 Sept 2026, 3:31 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

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Ratio	Mar 2022	Mar 2023
Margins
Gross margin %	—	—
EBITDA margin %	0%	0%
EBIT margin %	0%	0%
PAT margin %	0%	0%
Working capital
Receivable days	—	—
Inventory days	—	—
Payable days	—	—
NWC days	—	—
Leverage
Current ratio	0.02	0.02
Debt to EBITDA	—	—
Debt to equity	7.9	7.9
Interest coverage	—	—
Asset turnover	0.01	0.01
Return ratios
Return on assets %	0%	0%
Return on capital employed %	0%	0%
Return on equity %	0%	0%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Gng Electronics LimitedEBGNGEBGNG	₹8,034 Cr	₹8,439 Cr	₹1,991 Cr	₹213 Cr	10.4%	₹142 Cr	7%	24.1%	17.4%	213
Rashi Peripherals LimitedRPTECHRPTECH	₹6,281 Cr	₹7,240 Cr	₹17,777 Cr	₹511 Cr	2.9%	₹319 Cr	1.8%	25%	14.7%	60
Moschip Technologies LimitedMOSCHIPMOSCHIP	₹3,852 Cr	₹3,888 Cr	₹566 Cr	₹53 Cr	10.2%	₹27 Cr	6%	10.9%	9.6%	-4,209
Nelco LimitedNELCONELCO	₹2,027 Cr	₹2,086 Cr	₹312 Cr	₹29 Cr	9.3%	₹4 Cr	1.1%	9.4%	2.6%	72
D-Link (India) LimitedDLINKINDIADLINKINDIA	₹1,443 Cr	₹1,443 Cr	₹1,673 Cr	₹137 Cr	8.4%	₹107 Cr	6.7%	28.5%	21.2%	57
Ivalue Infosolutions LimitedIVALUEIVALUE	₹1,197 Cr	₹1,244 Cr	₹1,007 Cr	₹142 Cr	12.7%	₹104 Cr	9.3%	24.7%	17.3%	-1
Bharat Global Developers LtdBGDLBGDL	₹1,101 Cr	₹1,105 Cr	₹0 Cr	₹0 Cr	0%	₹0 Cr	0%	0%	0%	—
Control Print LimitedCONTROLPRCONTROLPR	₹989 Cr	₹990 Cr	₹486 Cr	₹85 Cr	18.4%	₹33 Cr	9.1%	16.1%	12.1%	283
Tvs Electronics LimitedTVSELECTTVSELECT	₹743 Cr	₹785 Cr	₹465 Cr	₹16 Cr	4.3%	₹-2 Cr	0.3%	7.3%	1.3%	59
BCC Fuba India LtdBCCFUBABCCFUBA	₹632 Cr	₹648 Cr	₹47 Cr	₹7 Cr	14.8%	₹4 Cr	8.1%	24.9%	17%	83
Dc Infotech And Communication LimitedDCIDCI	₹562 Cr	₹650 Cr	₹737 Cr	₹35 Cr	4.8%	₹21 Cr	2.9%	33.5%	19.7%	78
Hcl Infosystems LimitedHCL-INSYSHCL-INSYS	₹331 Cr	₹664 Cr	₹19 Cr	₹-63 Cr	-274%	₹-26 Cr	-152.3%	—	—	53

Bharat Global Developers Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Ratio timeline

Board meetings1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

1

1