Bhagwati Autocast profit more than doubles to ₹1,131 lakhs
FY26 net profit jumped from ₹617 lakhs, driven by higher casting revenue. The board also brought in a former Kotak Mahindra executive and a new auditor.
What's new
- Net profit more than doubled to ₹1,131 lakhs from ₹617 lakhs in FY25.
- Board recommended a final dividend of ₹3.50 per share.
- Appointed Prakash Dalal, a former Kotak Mahindra executive, as a non-executive director.
Why this matters
The profit growth is the core event. For a nano-cap manufacturer, pairing a strong earnings year with a dividend and a board refresh is a clear signal. The company is both generating more cash and adding institutional finance experience to oversee it.
What we're watching
- Whether the casting revenue growth carries into FY27.
- The impact of the new auditor and director on disclosure quality.
- Shareholder approval of the ₹3.50 dividend.
The full read
Bhagwati Autocast had a strong year. Net profit more than doubled to ₹1,131 lakhs from ₹617 lakhs in FY25, driven by higher volume in its core casting business. The board is returning some of that cash, recommending a ₹3.50 per-share dividend. It is also shoring up governance. Prakash Dalal, a former Kotak Mahindra executive, joins as a non-executive director. The board also swapped its statutory auditor for TRS & Associates, with a five-year mandate. The earnings growth is the headline. The dividend and board changes are the follow-through.
Questions answered
- How much did Bhagwati Autocast's profit grow in FY26?
- Net profit more than doubled, jumping to ₹1,131 lakhs from ₹617 lakhs in the prior year. The growth was driven by higher revenue from its casting operations.
- What is the new dividend?
- The board recommended a final dividend of ₹3.50 per share, subject to shareholder approval at the next general meeting.
- Who is the new director, Prakash Dalal?
- He is a co-founder of Aatman Pragyam Advisors and a former Kotak Mahindra executive. His appointment adds a financial services background to the board.
- Did the company change its auditor?
- Yes, the board appointed M/s. TRS & Associates as the new statutory auditor for a five-year term.