BGR Energy Systems Ltd
NSE: BGRENERGY · Civil Construction · sector
₹268.31NSE close 2026-10-26
Key numbers
Market cap₹1,936 cr
Price₹268.31
52w high / low₹491 / ₹218
P/E–Sector median 12.2x
P/B–Sector median 1.3x
Book value₹-396.4
Dividend yield–Sector median 0.76%
ROE–Sector median 10.2%
ROCE-24.1%Sector median 12.9%
OPM-255.7%Sector median 10.7%
Debt / equity–Sector median 0.36x
EV/EBITDA–Sector median 8.8x
Interest cover-0.5x
Current ratio1.43x
Sales growth 3y-28.1%Sector median +6.7%
Profit growth 3y–Sector median +5.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹49 cr vs borrowings ₹4,527 cr (FY26): borrowings are higher by ₹4,478 cr.
- Operating profit covered interest -0.5x in the last 12 months.
- 58.82% of the promoters' shares are pledged (30.0% of all shares).
- Operating cash flow was below net profit in 1 of the last 5 years (FY25).
- Net loss in 8 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Debtor days went from 209 (FY24) to 106 (FY26).
- No dividend in the last 5 financial years.
- Price ₹268.31 on 2026-10-26: -45.3% from the 52-week high, +23.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹430.10 · low ₹35.50
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 83 | 66 | 130 | 89 | 83 | 78 | 50 | 16 |
| EBITDA | -73 | -192 | -302 | -105 | -56 | -187 | -234 | -102 |
| OPM % | -89.0% | -290.7% | -232.3% | -118.8% | -67.8% | -241.1% | -467.0% | -647.6% |
| Other income | 5 | 1 | 187 | 25 | 12 | 22 | 70 | 84 |
| Net profit | -193 | -336 | -330 | -265 | -62 | -193 | -768 | -224 |
| EPS (₹) | -26.68 | -46.58 | -45.77 | -36.74 | -8.63 | -26.72 | -106.42 | -31.06 |
| Revenue YoY | +0.9% | +17.7% | -61.5% | -82.2% | ||||
| Profit YoY | – | – | – | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,221 | 806 | 1,012 | 452 | 300 | 227 |
| EBITDA | 65 | -279 | -336 | -571 | -583 | -580 |
| Net profit | -184 | -485 | -758 | -972 | -1,288 | -1,247 |
| EPS (₹) | -25.44 | -67.21 | -105.07 | -134.75 | -178.51 | -172.83 |
| Revenue growth | -34.0% | +25.6% | -55.3% | -33.8% | -38.2% | |
| Profit growth | – | – | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -28.1% | -23.4% | -38.2% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | +165.8% (2y) | -32.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 92 | -661 | -1,608 | -2,861 |
| Borrowings | – | 1,841 | 1,830 | 3,470 | 4,527 |
| Cash & equivalents | – | 297 | 90 | 78 | 49 |
| Total assets | – | 4,955 | 4,358 | 4,701 | 4,311 |
| Fixed assets | – | 321 | 296 | 283 | 255 |
| Capital work in progress | – | – | 0 | 0 | 0 |
| Investments | – | 1 | 2 | 2 | 0 |
| Receivables | – | 677 | 580 | 357 | 87 |
| Inventory | – | 42 | 43 | 15 | 10 |
| Payables | – | 1,158 | 1,203 | 1,281 | 1,129 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 326 | 304 | 150 | -1,857 | -23 |
| Cash from investing | 8 | -2 | 0 | 2 | 2 |
| Cash from financing | -369 | -306 | -143 | 1,883 | -9 |
| Capex | 2 | 2 | 1 | 0 | 1 |
| Free cash flow | 324 | 302 | 149 | -1,858 | -24 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -527.9% | 114.7% | 60.5% | 45.0% |
| ROCE % | – | -12.7% | -20.6% | -20.1% | -28.0% |
| Debtor days | – | 306 | 209 | 288 | 106 |
| Inventory days | – | 28 | 19 | 10 | 8 |
| Payable days | – | 752 | 521 | 892 | 940 |
| Cash conversion cycle (days) | – | -418 | -293 | -594 | -826 |
| Working capital days | – | -69 | -181 | -1,232 | 1,347 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 51.01% |
| DIIs | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 48.99% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 51.01% | 51.01% | 51.01% | 51.01% | 51.01% | 51.01% | 51.01% | 51.01% |
| Promoter group | % |
|---|---|
| Bgr Investment Holdings Company Limited | 51.00% |
| Arjun Govind Raghupathy | 0.01% |
| S K Sridhar | 0.00% |
| Sasikala Raghupathy | 0.00% |
| Public holders above 1% | % |
|---|---|
| Spt Investment Advisory Services Pvt Ltd | 1.31% |
66,866 shareholders. Pledged: 58.82% of promoter shares.
Peers in Civil Construction
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LT | ₹5,06,276 cr | 30.5x | 4.6x | 16.7% | 12.8% | 9.4% | +22.2% | 0.92% |
| RVNL | ₹38,083 cr | 42.4x | 3.9x | 9.3% | 10.5% | 4.3% | +0.2% | 1.51% |
| KPIL | ₹22,134 cr | 19.5x | 2.8x | 15.9% | 17.7% | 8.4% | +18.4% | 0.69% |
| IRB | ₹19,639 cr | 20.6x | 0.9x | 4.7% | 7.6% | 53.9% | +6.1% | 0.65% |
| CEMPRO | ₹19,444 cr | 32.3x | 8.1x | 28.4% | 32.3% | 10.4% | +25.5% | 0.18% |
| NBCC | ₹18,536 cr | 25.1x | 6.1x | 27.0% | 33.9% | 5.8% | +13.8% | 1.08% |
| ENGINERSIN | ₹13,725 cr | 17.5x | 4.4x | 27.0% | 28.8% | 19.4% | +5.7% | 1.84% |
| TECHNOE | ₹9,612 cr | 22.3x | 2.3x | 10.9% | 13.7% | 14.0% | +57.7% | 1.09% |
| IRCON | ₹9,177 cr | 17.5x | 1.4x | 8.1% | 8.2% | 8.3% | -4.4% | 2.25% |
| BGRENERGY | ₹1,936 cr | – | – | – | -24.1% | -255.7% | -28.1% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Construction and EPC contracts | ₹266 cr | 88.9% | ₹-492 cr | -184.8% |
| Capital goods | ₹33 cr | 11.1% | ₹-11 cr | -31.8% |
| Unallocated | ₹0 cr | – | ₹36 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-08-02 | Other | Annual General Meeting |
| 2015-09-16 | Other | Annual General Meeting |
| 2014-09-18 | Dividend | Annual General Meeting / Dividend - Rs 3/- Per Share |
| 2013-09-17 | Dividend | Annual General Meeting / Dividend - Rs 7/- Per Share |
| 2012-09-13 | Dividend | Annual General Meeting/ Dividend Rs 7 Per Share |
| 2011-09-15 | Dividend | Annual General Meeting And Dividend Rs.10/- Per Share |
| 2010-09-16 | Dividend | Annual General Meeting And Dividend Rs.7/- Per Share |
| 2009-09-07 | Other | Agm/Div-Rs.3/- Per Share |
| 2008-09-11 | Dividend | Agm/Dividend - 20% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | BGRENERGY |
| BSE code | 532930 |
| ISIN | INE661I01014 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.