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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (FY2024)
Investment Thesis
Bhagheeratha Engineering Limited is a legacy Kerala construction company from 1976 showing all hallmarks of a dormant or distressed entity (₹0.50 share price, no website, no public disclosures). Despite its long history and association with notable engineering entities, there is no current investment case. Investors should treat this as extremely high-risk with near-certain capital loss.
Pros
Cons
Business Segments
Dam & Water Infrastructure Construction
Construction of rockfill, concrete, masonry and earth dams; irrigation canals — niche large-scale water infrastructure specialist.
Roads, Bridges & Civil Engineering
Construction of roads, bridges, and other civil engineering structures; turnkey project execution.
Revenue Model
Bhagheeratha Engineering Limited historically generated revenue through civil construction contracts, infrastructure projects, and engineering works across Kerala. Revenue was project-based, derived from government and private sector civil contracts. Given the near-zero share price and absence of public disclosures, the company's current revenue and operational status is not verifiable.
Detailed Analysis
Growth Plans
Asset monetisation (land/equipment) if the company holds real estate in Kerala
Takeover or revival by a new promoter group leveraging the existing public limited entity shell
Kerala government infrastructure spending could benefit any revived construction entity
Industry Tailwinds
Asset monetisation (land/equipment) if the company holds real estate in Kerala
Recent Developments
Bhagheeratha Engineering Limited's unlisted share price of ₹0.50 and absence of any public disclosures, website, or filings indicate severe financial distress or operational dormancy. No recent business activity is publicly confirmed.
Comparable Companies
Frequently Asked Questions
About Bhagheeratha Engineering
Bhagheeratha Engineering Limited is a Kochi-based civil engineering and construction company incorporated in Kerala in 1976. Named after the mythological king Bhagheeratha who legendarily channelled the Ganga river, the company has historically specialised in civil construction projects including dam construction, irrigation works, and civil infrastructure — projects of the type that require significant engineering expertise. The company operates with an authorised share capital of ₹25 crore and a paid-up capital of approximately ₹7.82 crore. Based in Kochi, Kerala, it is registered at the Registrar of Companies, Ernakulam, which handles Kerala's corporate registrations. The company's five-decade operating history (since 1976) spans Kerala's significant infrastructure development period including the expansion of irrigation systems, the construction of the state's road network, and various industrial civil projects. Civil construction companies of Bhagheeratha Engineering's type typically execute government and infrastructure contracts for state PWD departments, KSEB (Kerala State Electricity Board), irrigation departments, and large industrial clients. Kerala's infrastructure development has been substantial, with significant investments in roads, ports, airports, and power projects — providing a historically robust pipeline for domestic contractors. The company's name itself is significant — Bhagheeratha is associated with water management in Indian mythology, aligning with specialisations in dam and irrigation construction.
Key Milestones
Incorporated November 26, 1976 in Ernakulam, Kerala (CIN: U45201KL1976PLC002860)
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Takeover or revival by a new promoter group leveraging the existing public limited entity shell
Kerala government infrastructure spending could benefit any revived construction entity
Industry Headwinds
Near-total capital loss for equity investors
Formal winding up or striking off under Companies Act
No active management or operational revival visible from available information
Limited financial disclosure — revenue and order book not publicly disclosed
Source: Company Financial Filings
Civil construction has working capital intensity and payment delay risks from government clients
Source: AlphaHub Research
Near-zero share price (₹0.50) strongly suggests dormancy or defunct status. Investors face near-total capital loss.
Civil construction is capital-intensive and contract-driven; without active project pipeline, the company generates no revenue.
No website, no public financials, and no recent disclosures available. Due diligence is effectively impossible.
Near-zero unlisted market activity; finding a buyer even at the distressed price of ₹0.50 may be very difficult.
Kerala-focused operations expose the company to state-specific economic, political, and regulatory conditions.
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PNCINFRA · ~10,000 Cr
ITDCEM · ~5,000 Cr
Premier dam construction specialist: rockfill, concrete, masonry, earth dams; roads, bridges, irrigation canals
Authorized Rs.25 Cr; paid-up Rs.7.82 Cr; revenue range INR 1-100 Cr (FY20); 12.77% revenue growth in FY23
AGM held September 30, 2024; balance sheet filed March 31, 2024 — actively filing company