BGR Energy Systems
BGR Energy Systems (BGRENERGY) share price was ₹295.23 at the 28 Oct 2026 close; market capitalisation ₹2,130 Cr; sector Construction. The share price fell 28.3% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 82.2% year on year to ₹15.8 Cr and net profit was −₹223 Cr, against −₹266 Cr a year earlier (compared with Jun 2025). Promoters held 51.01% of BGR Energy Systems in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 23/100 (Poor) as of 28 Oct 2026.
Key Fundamentals
MicrocapConstructionIndustrialsPrice-based figures as of 28 Oct 2026, 15:31 IST · EPS basis: Consolidated · TTM
Peer Comparison
Industrials › Construction › Civil Construction
| ₹3,801.30 | 29.27 | 5,23,019 Cr | 4.79 | 1.04% | 14.91% | 16.35% | 3,08,675 Cr | 20,895 Cr | |
| ₹184.10 | 42.71 | 38,385 Cr | 3.91 | 0.94% | 8.87% | 10.98% | 21,603 Cr | 897 Cr | |
| ₹1,324.70 | 19.90 | 22,622 Cr | 2.91 | 0.84% | 13.33% | 20.51% | 27,612 Cr | 1,129 Cr | |
| ₹1,230.20 | 35.12 | 21,133 Cr | 5.97 | 0.25% | 24.91% | 40.04% | 10,372 Cr | 602 Cr | |
| ₹16.07 | 20.34 | 19,409 Cr | 0.90 | 0.32% | 4.06% | 5.97% | 7,862 Cr | 954 Cr | |
| ₹69.84 | 25.49 | 18,857 Cr | 6.25 | 0.21% | 23.09% | 29.73% | 13,132 Cr | 766 Cr | |
| ₹256.35 | 18.36 | 14,408 Cr | 4.58 | 2.00% | 21.99% | 28.08% | 4,197 Cr | 784 Cr | |
| ₹295.23 | — | 2,130 Cr | — | 0.00% | 59.34% | 35.31% | 414 Cr | -1,250 Cr | |
| Median 8 companies | ₹275.79 | 25.49 | 20,271 Cr | 4.58 | 0.58% | 18.45% | 24.30% | 11,752 Cr | 841 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100. How it works →
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Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Debtor days have improved from 201 to 106 days.
Weaknesses
7- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -23.4% over past five years.
- Contingent liabilities of Rs.2,080 Cr.
- Promoters have pledged 58.8% of their holding.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -24.0%
- Working capital days have increased from -73.6 days to 1,287 days
Technical Indicators
Oscillators
Neutral
Overall
Bullish
Moving Averages
Bullish
Growth Rate
change over 1 year
change over 1 year
change over 1 year Operating margin -648% · Jun 2026
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 145 | 235 | 462 | 170 | 174 | 83 | 66 | 130 | 89 | 83 | 78 | 50 | 16 |
| Expenses | 169 | 263 | 911 | 8 | 177 | 151 | 258 | 432 | 194 | 140 | 265 | 284 | 118 |
| Operating Profit | -24 | -28 | -448 | 162 | -3 | -69 | -192 | -302 | -105 | -56 | -187 | -234 | -102 |
| OPM % | -17% | -12% | -97% | 95% | -1.8% | -83% | -291% | -232% | -119% | -68% | -241% | -467% | -648% |
| Other Income | 4 | 1 | 11 | 96 | 17 | 1 | 1 | 187 | 25 | 12 | 22 | 70 | 84 |
| Interest | 100 | 102 | 117 | 126 | 122 | 122 | 143 | 213 | 182 | 15 | 24 | 604 | 204 |
| Depreciation | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 1 |
| PBT | -123 | -133 | -559 | 129 | -112 | -193 | -336 | -332 | -266 | -63 | -193 | -771 | -223 |
| Tax % | -26% | -20% | 24% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -92 | -107 | -691 | 129 | -112 | -193 | -336 | -332 | -266 | -63 | -193 | -771 | -223 |
| EPS (₹) | -12.68 | -14.82 | -95.66 | 18.09 | -15.72 | -26.68 | -46.57 | -45.78 | -36.74 | -8.63 | -26.72 | -106 | -31.06 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,366 | 3,244 | 3,441 | 3,298 | 3,273 | 2,692 | 1,140 | 1,221 | 806 | 1,012 | 452 | 300 | 227 |
| Expenses | 3,227 | 2,887 | 3,052 | 2,950 | 2,949 | 2,478 | 1,304 | 1,090 | 1,085 | 1,337 | 1,019 | 883 | 807 |
| Operating Profit | 139 | 356 | 389 | 348 | 324 | 214 | -164 | 130 | -278 | -325 | -566 | -583 | -580 |
| OPM % | 4.1% | 11% | 11% | 11% | 10% | 8% | -14% | 11% | -35% | -32% | -125% | -195% | -256% |
| Other Income | 7 | 7 | 21 | 3 | 3 | 43 | 7 | 13 | 50 | 98 | 206 | 128 | 187 |
| Interest | 212 | 301 | 265 | 288 | 271 | 302 | 300 | 359 | 399 | 445 | 600 | 825 | 847 |
| Depreciation | 27 | 24 | 24 | 25 | 28 | 35 | 31 | 27 | 17 | 13 | 13 | 11 | 9 |
| PBT | -93 | 38 | 121 | 37 | 28 | -80 | -487 | -243 | -644 | -685 | -973 | -1,292 | -1,249 |
| Tax % | 39% | 66% | 29% | 85% | 46% | -88% | -24% | -24% | -24% | 11% | 0% | 0% | — |
| Net Profit | -129 | 13 | 85 | 5 | 15 | -10 | -368 | -185 | -488 | -761 | -973 | -1,292 | -1,249 |
| EPS (₹) | -11.07 | 2.43 | 10.1 | 2.27 | 2.67 | -0.4 | -50.51 | -25.37 | -67.21 | -105 | -135 | -179 | -173 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 |
| Reserves | 1,139 | 1,168 | 1,242 | 1,251 | 1,155 | 1,107 | 698 | 505 | 20 | -733 | -1,680 | -2,933 |
| Borrowings | 2,118 | 2,303 | 2,001 | 2,228 | 2,259 | 2,143 | 1,943 | 1,878 | 1,845 | 1,833 | 3,471 | 4,535 |
| Other Liabilities | 3,314 | 3,148 | 3,111 | 3,226 | 3,217 | 2,923 | 2,677 | 2,905 | 3,019 | 3,186 | 2,838 | 2,637 |
| Total Liabilities | 6,643 | 6,691 | 6,426 | 6,777 | 6,704 | 6,245 | 5,389 | 5,360 | 4,955 | 4,358 | 4,701 | 4,311 |
| Fixed Assets | 421 | 494 | 488 | 493 | 493 | 403 | 370 | 336 | 324 | 300 | 285 | 258 |
| CWIP | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 2 | 2 | 0 |
| Other Assets | 6,217 | 6,196 | 5,937 | 6,283 | 6,211 | 5,841 | 5,018 | 5,023 | 4,630 | 4,057 | 4,414 | 4,052 |
| Total Assets | 6,643 | 6,691 | 6,426 | 6,777 | 6,704 | 6,245 | 5,389 | 5,360 | 4,955 | 4,358 | 4,701 | 4,311 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -5 | -82 | 545 | 24 | 250 | 370 | 469 | 327 | 304 | 150 | -1,857 | -23 |
| Investing | 142 | -19 | -18 | -31 | -25 | 42 | -1 | 8 | -2 | 0 | 2 | 2 |
| Financing | -130 | -117 | -534 | -91 | -232 | -413 | -459 | -370 | -306 | -143 | 1,883 | -9 |
| Net Cash Flow | 7 | -218 | -7 | -98 | -7 | -1 | 10 | -35 | -4 | 8 | 28 | -30 |
| Free Cash Flow | 137 | -101 | 527 | -7 | 225 | 369 | 468 | 335 | 302 | 151 | -1,856 | -23 |
| CFO/OP | 148 | -22 | 145 | 20 | 81 | 178 | -286 | 230 | -96 | -38 | 329 | 6 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 262 | 296 | 230 | 332 | 322 | 119 | 259 | 218 | 306 | 209 | 288 | 106 |
| Inventory Days | 8 | 5 | 13 | 9 | 7 | 10 | 25 | 18 | 28 | 19 | 10 | 6 |
| Days Payable | 248 | 276 | 303 | 278 | 257 | 259 | 687 | 410 | 752 | 521 | 892 | 684 |
| Cash Conversion Cycle | 22 | 24 | -60 | 63 | 72 | -130 | -403 | -173 | -418 | -293 | -594 | -572 |
| Working Capital Days | 59 | 66 | 17 | -18 | -49 | -68 | -136 | -124 | -203 | -214 | -1,294 | 1,287 |
| ROCE % | 4% | 10% | 10% | 10% | 8% | 5% | -6% | 4% | -11% | -15% | -25% | -27% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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63 extracted metrics + investor summaries across FY07–FY27.
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Company Information
Incorporated in 1985, BGR Energy Systems Ltd in the business of Supply of systems and Equipment and Turnkey Engineering project contracting[1]
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