Bhagwati Autocast

What Bhagwati Autocast does

Bhagwati Autocast Ltd. (BSE: BGWTATO, ISIN INE106G01014) is the publicly listed entity of the Ahmedabad-based Bhagwati Group, an iron-foundry conglomerate promoted by Dr. Ing. P.N. Bhagwati (PhD in foundry engineering from Aachen, Germany). The group operates two ISO 9001:2015 (Bureau Veritas) certified units — Bhagwati Spherocast Pvt. Ltd. (founded 1977, 22,000 MT/yr at GIDC Odhav using DISA MATCH 130 lines) and Bhagwati Autocast Ltd. (founded 1984, 18,000 MT/yr near village Bavla using a DISA Flex-70 high-pressure moulding line) — for a combined installed capacity of 40,000 metric tonnes per annum of high-duty grey and ductile iron castings spanning roughly 3 kg to 4,000 kg.

The product portfolio centers on safety-critical transmission, engine and hydraulic components: cylinder blocks, crank cases, gear box and clutch housings, differential casings, epicyclic planetary carriers, hydraulic lift housings/cylinders/arms, hub and yoke sleeves, brake drums, and valve blocks. Since 2012, Rinal Machining — a division of Bhagwati Spherocast — has extended the offering upstream with BFW horizontal and vertical machining centers and ZEISS CMM inspection, enabling supply of fully finished, dimensionally verified components. Adjacent group entities include Bhagwati Filters (hydraulic filtration products, OEM and replacement markets, 30+ years).

The business model is direct B2B enterprise sales into Indian automotive, tractor and commercial-vehicle OEMs and tier-1 suppliers (Mahindra Swaraj, Escorts Kubota, Force Motors, SML Isuzu, Spicer India/Dana, Sona BLW, Mita India, Swaraj Engines), with disclosed export supply of laser-weld differential casings to Jaguar in the United Kingdom. Pricing is quote-based on part specifications, grade and volume, no pricing is publicly disclosed, and revenue concentration is anchored on long-term, PPAP-qualified supply contracts rather than transactional orders. The company is subject to SEBI (LODR) Regulations and files regular disclosures on BSE; financials in the supplied table are not corroborated by direct disclosure and appear inconsistent with the group's small-cap foundry profile.

Name

Bhagwati Autocast

Legal name

Bhagwati Autocast Ltd.

Website

https://bhagwati.com

Company type

Public

Founded year

1984

Operating status

Operating

Headcount range

51–100 employees

Short description

Bhagwati Autocast Ltd. (BSE: BGWTATO) is an Ahmedabad, India-based iron foundry producing 40,000 MT/yr of grey and ductile iron castings for automotive, tractor, and commercial-vehicle OEMs, including Mahindra Swaraj, Escorts Kubota, and Jaguar UK.

Ownership category

akta.pro rank

Product category

Iron Castings Manufacturing

NAICS

Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing (3327)

SIC

Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310)

akta.pro primary industry

Metal Forming & Fabrication Machines (Presses, Bending, Shearing, Stamping) (IMAHADAC)

akta.pro secondary industry

Hot Rolling & Primary Mills (Plate, Hot-Rolled Coil/Sheet, Strip) (IMAKABAE)

Keywords

• Iron castings manufacturing
• Grey iron castings
• Ductile iron castings
• Automotive transmission components
• Tractor parts manufacturing

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Casting Components Sales: Bhagwati Autocast generates revenue through manufacturing and selling iron castings to OEM customers in automotive, tractor, and engineering industries. Revenue is derived from long-term supply contracts with major manufacturers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Bhagwati Autocast manufactures high duty grey iron and ductile iron castings using machine moulding processes (DISA Flex-70 high pressure line and DISA MATCH 130 sand moulding) at two foundry units in Ahmedabad with a combined annual capacity of 40,000 MT. Its core product portfolio covers cylinder blocks, crank cases, differential casings, gear and clutch housings, hydraulic lift components, front axle supports, wind mill hubs, plastic injection moulding components, and valve blocks for OEMs in the automotive, tractor, light and heavy commercial vehicle, wind energy, and general engineering segments. The group also supplies fully finished machined components through its Rinal Machining division and low/medium/high pressure hydraulic filters under the Bhagwati Filters brand.

Product overview

Bhagwati Group operates as a foundry conglomerate with two main casting divisions (Bhagwati Autocast Ltd. and Bhagwati Spherocast Pvt. Ltd.) producing high-duty grey iron and ductile iron castings. The product portfolio centers on providing precision castings for the automotive, tractor, transmission, and engineering industries, including cylinder blocks, crank cases, differential casings, hydraulic lift components, gear housings, and brake drums. Bhagwati Filters (P) Ltd. complements the offering with hydraulic filtration products. Rinal Machining provides downstream value-added fully machined components. Combined annual casting capacity is 40,000 MT per annum across both foundry units.

Differentiator

Problem solved

Functional benefit

Brands

• Bhagwati Spherocast: Foundry unit producing high duty grey iron and ductile iron castings with annual capacity of 22000 MT
• Rinal Machining
• Bhagwati Filters

Products and services

• Tractor Engine and Transmission Castings Pressure tight iron castings with intricate core work for tractor engines and transmissions, including cylinder blocks, single and multiple block crank cases, hydraulic lift housings, gear box and clutch/differential housings, and front axle supports, supplied to tractor OEMs such as Mahindra Swaraj and Escorts Kubota.
• Automotive and Commercial Vehicle Transmission Castings Differential casings, epicyclic planetary carriers, gear carrier housings, hubs, yoke sleeves/slip yokes/end yokes, and central brake drums produced in SG 400/15, 500/7, 600/3, and 700/3 grades (3-30 kg), supplied to passenger vehicle, LCV, MCV, EV/MPV/SUV, and luxury vehicle customers including Spicer India (Dana), Sona BLW, Force Motors, SML Isuzu, Mita India, and Jaguar UK.
• Wind Mill Castings Hubs, adaptors, extension pieces, and gear boxes for wind turbines operating in sub-zero temperatures, produced in Ductile Iron SG400/18LT or Grey Iron FG260/FG300 in the weight range 300-4000 kg, with NDT inspection for 100% soundness.
• Hydraulic Valve Blocks and Bodies Intricately cored castings for directional control valves, solenoid valves, and valve bodies designed to withstand high pressure up to 1000 psi, in Grey Iron FG260/FG300 or Ductile Iron SG 400/15, SG 500/7, SG 600/3 grades weighing 4-30 kg.
• Plastic Injection Moulding Machine Components Die mounting plates, ram cylinders, and clamp cylinders used in plastic injection moulding machines, inspected with NDT to ensure soundness under high operating pressures, supplied to injection moulding equipment manufacturers.
• Gear and Power Industry Housings Industrial gear and power housings in Ductile Iron SG400/15, SG500/7, SG600/3 or Grey Iron FG260/FG300 in the weight range 80-120 kg, supplied to gear and power transmission equipment buyers.
• Hydraulic Filters and Elements (Bhagwati Filters) Low, medium and high pressure hydraulic filters and elements including Pressure Line filters, Duplex Filters, Return Line filters, Y/T/Conical/Basket Strainers, fabricated filters for large flow, and filter elements, supplied to OEM and replacement markets.
• Rinal Machining (Fully Finished Machined Components) Fully finished machined components produced on BFW HMC and VMC machining centers (Maxpro 500E, Maxpro 440E, DPrima 44, BMV51 TC 24) and turning centres, with ZEISS Contura G2 CMM (X-700mm, Y-1000mm, Z-600mm) for full dimensional accuracy verification, supplying downstream value-added parts to OEM customers.

Named customers9 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Jaguar (UK)coreStrategic or Co-development PartnerBhagwati Spherocast supplies LWD Casing (Laser Weld Differential Casing) for Jaguar passenger vehicles transmission. Material: SGI 600/3 grade, Weight range: 3-7 kgs. This is a premium customer relationship in the luxury automotive segment.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Endurance Technologies Limited: Indian automotive component manufacturer with die casting, iron casting, and machining capabilities, serving two-wheeler and four-wheeler OEMs. Comparable as a tier-1 Indian auto component supplier with similar OEM customer base and casting/machining operating model.
• Steelcast Limited: Indian steel and iron castings manufacturer (Bhavnagar, Gujarat) producing castings for railway, earthmoving, and industrial applications. Direct peer as an Indian foundry with overlapping product categories (steel/iron castings) and industrial customer base.
• Hinduja Foundries Limited: Indian iron foundry (Hinduja Group) producing grey iron and ductile iron castings for automotive, tractor, and industrial applications. Closely comparable as a competing Indian iron foundry with similar product portfolio, OEM customer base, and casting weight range.
• Sundaram Fasteners Limited: Indian automotive fasteners and precision components manufacturer (TVS Group) producing machined and cold-formed components for automotive OEMs. Comparable as a tier-1 Indian auto component supplier with machining capabilities and overlapping OEM customer base.
• Rico Auto Industries Limited: Indian automotive casting and precision components manufacturer producing aluminum and iron castings, machined sub-assemblies, and transmission components. Direct peer as it supplies iron castings and machined components to similar automotive OEMs in India and globally.
• Automotive Axles Limited: Indian automotive axle manufacturer (Kalyani Group) producing fully built axles and drivetrain components for commercial vehicles. Direct peer supplying similar commercial-vehicle OEMs with cast and machined drivetrain components, including differential and axle housings.
• Brakes India Limited: Indian automotive brake and iron casting manufacturer (TVS Group), producing cast iron brake drums, disc rotors, and grey/ductile iron castings for OEMs. Directly comparable as a Chennai-based iron foundry supplying castings to Indian and global automotive customers, with similar end-market exposure.
• Jamna Auto Industries Limited: Indian automotive component manufacturer specializing in suspension and drivetrain components for commercial vehicles. Direct peer supplying similar commercial-vehicle OEMs (Ashok Leyland, Tata, etc.) with cast and machined drivetrain components.

Broad incumbents

• Bharat Forge Limited: Large Indian forging and component manufacturer (Kalyani Group) producing forged and machined components for automotive, industrial, and aerospace applications. Broader incumbent with overlapping automotive drivetrain and iron-based component production, but at much larger scale and with a global footprint.
• Minda Industries Limited (Uno Minda): Large diversified Indian automotive component manufacturer producing die-cast, machined, and electronic components across multiple product lines. Broader incumbent with overlapping OEM customer base and die casting operations, but a more diversified portfolio than Bhagwati's iron-casting focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bhagwati Autocast