Bharat Gears Ltd.
NSE: BHARATGEAR · Auto Components & Equipments · sector
₹93.61NSE close 2026-10-26
Key numbers
Market cap₹144 cr
Price₹93.61
52w high / low₹141 / ₹84
P/E9.6xSector median 24.3x
P/B1.1xSector median 3.3x
Book value₹85.4
Dividend yield0.00%Sector median 0.55%
ROE12.3%Sector median 14.0%
ROCE17.8%Sector median 15.8%
OPM6.2%Sector median 11.6%
Debt / equity0.44xSector median 0.28x
EV/EBITDA3.8xSector median 13.0x
Interest cover2.5x
Current ratio1.23x
Sales growth 3y+0.8%Sector median +9.0%
Profit growth 3y+7.0%Sector median +9.5%
PEG1.37x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 132 companies in Auto Components & Equipments (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹8 cr vs borrowings ₹58 cr (FY26): borrowings are higher by ₹50 cr.
- Borrowings fell in each of the last 3 years (₹103 cr → ₹58 cr).
- Operating profit covered interest 2.5x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 33% of net profit in the last 12 months.
- Debtor days went from 64 (FY24) to 53 (FY26).
- No dividend in the last 5 financial years.
- Price ₹93.61 on 2026-10-26: -33.8% from the 52-week high, +11.7% 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 ₹135.50 · low ₹66.82
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 165 | 142 | 175 | 180 | 205 | 189 | 210 | 216 |
| EBITDA | 25 | -3 | 13 | 10 | 17 | 12 | 13 | 8 |
| OPM % | 14.9% | -1.8% | 7.2% | 5.5% | 8.3% | 6.3% | 6.4% | 3.8% |
| Other income | 1 | 0 | 1 | 2 | 2 | 1 | 2 | 0 |
| Net profit | 14 | -10 | 2 | 2 | 7 | 3 | 5 | 0 |
| EPS (₹) | 8.84 | -6.70 | 1.12 | 1.07 | 4.70 | 1.68 | 3.30 | 0.10 |
| Revenue YoY | +24.4% | +33.3% | +20.3% | +19.9% | ||||
| Profit YoY | -46.8% | – | +196.5% | -90.9% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 729 | 766 | 663 | 648 | 784 | 820 |
| EBITDA | 69 | 46 | 24 | 42 | 52 | 51 |
| Net profit | 26 | 13 | -10 | 3 | 16 | 15 |
| EPS (₹) | 26.43 | 8.78 | -6.34 | 2.08 | 10.75 | 9.78 |
| Revenue growth | +5.1% | -13.5% | -2.3% | +21.1% | +24.0% | |
| Profit growth | -47.8% | -172.2% | – | +417.2% | +125.7% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +0.8% | +9.3% | +24.0% |
| Net profit | +7.0% | – | +125.7% |
| EPS | +7.0% | – | – |
| Share price | – | -1.7% (2y) | -14.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 121 | 111 | 113 | 131 |
| Borrowings | – | 103 | 93 | 61 | 58 |
| Cash & equivalents | – | 7 | 9 | 9 | 8 |
| Total assets | – | 407 | 385 | 364 | 401 |
| Fixed assets | – | 119 | 112 | 110 | 101 |
| Capital work in progress | – | 2 | 5 | 2 | 4 |
| Investments | – | 1 | 1 | 1 | 1 |
| Receivables | – | 123 | 116 | 97 | 114 |
| Inventory | – | 100 | 82 | 93 | 101 |
| Payables | – | 132 | 121 | 127 | 149 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 30 | 42 | 47 | 49 | 29 |
| Cash from investing | -5 | -26 | -13 | 2 | -8 |
| Cash from financing | -32 | -3 | -37 | -51 | -31 |
| Capex | 5 | 26 | 14 | 14 | 11 |
| Free cash flow | 26 | 16 | 32 | 35 | 18 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 11.2% | -8.8% | 2.8% | 12.6% |
| ROCE % | – | 15.5% | 2.3% | 12.1% | 19.0% |
| Debtor days | – | 58 | 64 | 55 | 53 |
| Inventory days | – | 89 | 84 | 99 | 89 |
| Payable days | – | 118 | 124 | 135 | 132 |
| Cash conversion cycle (days) | – | 29 | 24 | 19 | 10 |
| Working capital days | – | 37 | 26 | 21 | 23 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 55.33% |
| FIIs | 1.23% |
| DIIs | 0.00% |
| Public (non-institutions) | 43.44% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 55.32% | 55.32% | 55.32% | 55.32% | 55.33% | 55.33% | 55.33% | 55.33% |
| Promoter group | % |
|---|---|
| Surinder Paul Kanwar | 37.00% |
| Ultra Consultants Private Limited | 14.09% |
| Raunaq International Limited (Formerly Known as Raunaq EPC International Limited) | 1.69% |
| Vibrant Reality Infra Private Limited (FormerlyKnownasVibrantFinanceandInvestmentPrivateLimited) | 1.44% |
| Clip-Lok Simpak (India) Private Limited | 1.10% |
| Late Dr. Raunaq Singh | 0.01% |
| Sachit Kanwar | 0.01% |
| Pawania Kanwar | 0.00% |
| Sameer Kanwar | 0.00% |
| Deepti Kanwar | 0.00% |
| Nexus EPC Private Limited(Formerly known as Samreet Investment and Management Consultancy Private Limited) | 0.00% |
| Lemnos Autotech Private Limited (Formerly known as Nexus Drvline India Private Limited) | 0.00% |
| Xlerate Driveline India Limited | 0.00% |
| Gulab Merchandise Private Limited | 0.00% |
| Akasa Design Studio LLP | 0.00% |
| Public holders above 1% | % |
|---|---|
| Acadian Emerging Markets Micro-Cap Equity Master Fund | 1.23% |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.11% |
22,453 shareholders. Pledged: 0.00% of promoter shares.
Peers in Auto Components & Equipments
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MOTHERSON | ₹1,62,274 cr | 37.0x | 4.0x | 11.6% | 12.9% | 9.3% | +17.0% | 0.44% |
| BOSCHLTD | ₹1,32,455 cr | 56.0x | 8.9x | 16.5% | 21.7% | 13.4% | +10.3% | 1.14% |
| BHARATFORG | ₹82,736 cr | 117.2x | 8.7x | 7.5% | 10.0% | 14.0% | +9.2% | 0.46% |
| UNOMINDA | ₹61,747 cr | 51.3x | 9.0x | 19.1% | 16.6% | 10.9% | +20.5% | 0.27% |
| SCHAEFFLER | ₹54,960 cr | 43.9x | 8.9x | 21.6% | 27.8% | 18.2% | – | – |
| SONACOMS | ₹48,637 cr | 69.8x | 8.1x | 12.0% | 15.2% | 23.6% | +18.7% | 0.41% |
| TIINDIA | ₹40,369 cr | 66.5x | 5.2x | 9.1% | 23.6% | 9.2% | +15.2% | 0.42% |
| ENDURANCE | ₹31,415 cr | 32.4x | 4.6x | 15.4% | 16.7% | 13.1% | +18.4% | 0.45% |
| EXIDEIND | ₹28,636 cr | 30.7x | 2.1x | 6.7% | 9.7% | 10.3% | +6.1% | 0.60% |
| BHARATGEAR | ₹144 cr | 9.6x | 1.1x | 12.3% | 17.8% | 6.2% | +0.8% | 0.00% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-06 | Dividend | Dividend - Re 1 Per Share |
| 2022-09-27 | Bonus | Bonus 1:2 |
| 2021-10-28 | Rights | Rights 1:10 @ Premium Rs 95/- |
| 2019-07-29 | Dividend | Dividend - Re 1 Per Share |
| 2019-04-02 | Rights | Rights 1:7 @ Premium Rs 95 Per Share |
| 2015-07-23 | Other | Annual General Meeting |
| 2014-07-24 | Dividend | Annual General Meeting / Final Dividend - Re 1/- Per Share |
| 2013-07-25 | Dividend | Annual General Meeting / Dividend - Rs 1.80/- Per Share |
| 2012-07-18 | Dividend | Annual General Meeting / Dividend Rs 1.80 Per Share |
| 2011-07-19 | Dividend | Annual General Meeting And Dividend Rs.1.50 Per Share |
| 2010-07-26 | Dividend | Annual General Meeting And Dividend Rs.1.20 Per Share |
| 2009-07-21 | Other | Agm/Div-Re.1/- Per Share |
| 2008-07-21 | Dividend | Agm/Dividend - 10% |
| 2007-07-17 | Other | Agm |
| 2006-07-11 | Other | Agm |
| 2006-05-15 | Other | Rigths-Eq 3:10@Prem Rs.30 |
| 2005-07-20 | Other | Agm |
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 | Consumer Discretionary |
| Industry | Auto Components & Equipments |
| Sub-industry | Auto Components & Equipments |
| Symbol | BHARATGEAR |
| BSE code | 505688 |
| ISIN | INE561C01019 |
| 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.