Bharat Gears
BHARATGEAR NSE
Bharat Gears
AutomobilesNSE: BHARATGEAR BSE: 505688 Auto Components
Key Fundamentals
MicrocapAuto ComponentsAutomobilesMarket Cap
₹157 Cr
Volatility
Moderate
P/E Ratio
10.35
EBITDA
₹58.60 Cr
Return on Equity
12.58%
Debt to Equity
0.56
Book Value
₹85.44
52W High
₹154.2
52W Low
₹83.8
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Stock is trading at 1.18 times its book value
Weaknesses
3- The company has delivered a poor sales growth of 9.29% over past five years.
- Company has a low return on equity of -2.54% over last 3 years.
- Company's cost of borrowing seems high
Growth Rate
Revenue Growth
21.62% higher than
3Y
Net Income Growth
416% higher than
3Y
Cash Flow Change
-39.86% lower than
3Y
ROE
346% higher than
3Y
ROCE
70.6% lower than
3Y
EBITDA Margin (Avg.)
73.13% lower than
3Y
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 | 170 | 179 | 143 | 171 | 166 | 165 | 142 | 175 | 180 | 205 | 189 | 210 | 216 |
| Expenses | 162 | 172 | 142 | 163 | 158 | 157 | 145 | 162 | 170 | 188 | 177 | 197 | 208 |
| Operating Profit | 8.54 | 6.91 | 0.79 | 7.3 | 7.53 | 7.73 | -2.57 | 12.59 | 9.84 | 17.04 | 11.99 | 13.4 | 8.12 |
| OPM % | 5.01% | 3.86% | 0.55% | 4.27% | 4.54% | 4.7% | -1.81% | 7.2% | 5.47% | 8.32% | 6.33% | 6.37% | 3.77% |
| Other Income | 0.41 | 0.74 | 1.99 | 0.48 | 0.29 | 18.12 | 0.28 | 0.66 | 1.78 | 1.9 | 0.52 | 2.14 | 0.41 |
| Interest | 4.42 | 4.38 | 4.33 | 4.35 | 4.39 | 4.33 | 4.3 | 4.05 | 3.66 | 3.59 | 3.37 | 3.39 | 3.25 |
| Depreciation | 5.55 | 5.71 | 5.62 | 5.67 | 5.86 | 5.99 | 6.04 | 5.75 | 5.75 | 5.79 | 5.72 | 5.31 | 5.08 |
| PBT | -1.02 | -2.44 | -7.17 | -2.24 | -2.43 | 15.53 | -12.63 | 3.45 | 2.21 | 9.56 | 3.42 | 6.84 | 0.2 |
| Tax % | -25.49% | -29.1% | -23.29% | -22.32% | -25.51% | 12.56% | -18.53% | 50.72% | 24.89% | 24.37% | 24.85% | 25.88% | 25% |
| Net Profit | -0.76 | -1.73 | -5.5 | -1.74 | -1.81 | 13.58 | -10.29 | 1.71 | 1.65 | 7.22 | 2.57 | 5.07 | 0.15 |
| EPS in Rs | -0.49 | -1.13 | -3.58 | -1.13 | -1.18 | 8.84 | -6.7 | 1.11 | 1.07 | 4.7 | 1.67 | 3.3 | 0.1 |
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 | 415 | 398 | 407 | 508 | 594 | 463 | 503 | 729 | 766 | 663 | 648 | 784 | 820 |
| Expenses | 393 | 367 | 379 | 465 | 536 | 444 | 467 | 664 | 720 | 639 | 622 | 732 | 769 |
| Operating Profit | 22 | 31 | 28 | 43 | 59 | 19 | 36 | 66 | 46 | 24 | 25 | 52 | 51 |
| OPM % | 5% | 8% | 7% | 8% | 10% | 4% | 7% | 9% | 6% | 3.6% | 3.9% | 7% | 6% |
| Other Income | 2 | 2 | 1 | 2 | 4 | 5 | 1 | 7 | 9 | 3 | 19 | 6 | 5 |
| Interest | 16 | 16 | 15 | 17 | 22 | 22 | 23 | 18 | 17 | 17 | 17 | 14 | 14 |
| Depreciation | 14 | 16 | 17 | 18 | 22 | 27 | 24 | 20 | 20 | 23 | 24 | 23 | 22 |
| PBT | -6 | 1 | -2 | 9 | 19 | -25 | -10 | 34 | 18 | -13 | 4 | 22 | 20 |
| Tax % | -35% | 54% | -36% | 32% | 36% | -24% | -20% | 24% | 23% | -24% | 19% | 25% | — |
| Net Profit | -4 | 0 | -1 | 6 | 13 | -19 | -8 | 26 | 13 | -10 | 3 | 16 | 15 |
| EPS in Rs | -2.86 | 0.16 | -0.99 | 4.12 | 8.19 | -12.19 | -5 | 16.78 | 8.78 | -6.34 | 2.08 | 10.75 | 9.77 |
| Div. Payout % | 0% | 0% | 0% | 0% | 6% | 0% | 0% | 0% | 0% | 0% | 0% | 9% | — |
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 | 8 | 8 | 8 | 8 | 8 | 9 | 9 | 10 | 15 | 15 | 15 | 15 |
| Reserves | 63 | 63 | 59 | 70 | 80 | 70 | 65 | 98 | 105 | 95 | 98 | 116 |
| Borrowings | 100 | 98 | 112 | 134 | 162 | 152 | 118 | 107 | 116 | 113 | 80 | 73 |
| Other Liabilities | 125 | 99 | 112 | 154 | 170 | 143 | 192 | 189 | 171 | 162 | 172 | 197 |
| Total Liabilities | 295 | 268 | 291 | 366 | 420 | 374 | 384 | 404 | 407 | 385 | 364 | 401 |
| Fixed Assets | 129 | 115 | 103 | 113 | 145 | 150 | 134 | 118 | 132 | 133 | 128 | 116 |
| CWIP | 2 | 3 | 2 | 2 | 10 | 2 | 1 | 1 | 2 | 5 | 2 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Other Assets | 165 | 150 | 186 | 250 | 264 | 222 | 249 | 285 | 272 | 247 | 232 | 280 |
| Total Assets | 295 | 268 | 291 | 366 | 420 | 374 | 384 | 404 | 407 | 385 | 364 | 401 |
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 | 20 | 23 | 20 | 6 | 50 | 54 | 59 | 30 | 42 | 47 | 49 | 29 |
| Investing | -5 | -7 | -5 | -21 | -56 | -29 | -2 | -5 | -26 | -13 | 2 | -8 |
| Financing | -15 | -16 | -18 | 27 | -5 | -20 | -57 | -32 | -3 | -37 | -51 | -31 |
| Net Cash Flow | 0 | 0 | -3 | 12 | -11 | 4 | 0 | -7 | 13 | -4 | 0 | -10 |
| Free Cash Flow | 15 | 16 | 15 | -15 | -5 | 23 | 55 | 26 | 16 | 33 | 52 | 19 |
| CFO/OP | 93 | 77 | 66 | 16 | 100 | 287 | 166 | 53 | 102 | 203 | 189 | 61 |
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 | 63 | 58 | 83 | 92 | 71 | 81 | 77 | 72 | 58 | 64 | 55 | 53 |
| Inventory Days | 120 | 112 | 123 | 119 | 125 | 120 | 133 | 89 | 89 | 84 | 99 | 89 |
| Days Payable | 178 | 148 | 175 | 181 | 155 | 167 | 229 | 148 | 118 | 124 | 135 | 132 |
| Cash Conversion Cycle | 6 | 22 | 31 | 30 | 41 | 33 | -20 | 13 | 30 | 24 | 19 | 11 |
| Working Capital Days | -8 | 4 | 1 | 32 | 11 | 12 | 10 | 28 | 34 | 21 | 16 | 19 |
| ROCE % | 6% | 10% | 7% | 13% | 18% | -1% | 6% | 24% | 15% | 2% | 2% | 18% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Bharat Gears insights
58 extracted metrics + investor summaries across FY11–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Newspaper Publication
9h - Notice published by the Company in the newspapers i.e. "Financial Express" (English) - Delhi Edition and "Jansatta" (Hindi) - Delhi Edition on 09th May, 2026 … 9h - Notice published by the Company in the newspapers i.e. "Financial Express" (English) - Delhi Edition and "Jansatta" (Hindi) - Delhi Edition on 09th May, 2026 …
2
Board Meeting Intimation for Intimation Of The Board Meeting S.No. 1/26-27
8 May - Board meeting on May 30, 2026 to approve audited FY26 results; trading window closed till June 1, 2026. 8 May - Board meeting on May 30, 2026 to approve audited FY26 results; trading window closed till June 1, 2026.
3
Declaration Pursuant To The SEBI (SEBI) Master Circular No. SEBI/HO/DDHS/Pod1/P/CIR/2024/54 Dated May 22, 2024.
30 Apr - Bharat Gears declares it is not a large corporate; outstanding borrowings were Rs.17.22 crore as of 31 March 2026. 30 Apr - Bharat Gears declares it is not a large corporate; outstanding borrowings were Rs.17.22 crore as of 31 March 2026.
4
Declaration Pursuant To The SEBI (SEBI) Master Circular No. SEBI/HO/DDHS/Pod1/P/CIR/2024/54 Dated May 22, 2024.
30 Apr - Bharat Gears declares it is not a large corporate; outstanding borrowings were Rs.17.22 crore as of 31 March 2026. 30 Apr - Bharat Gears declares it is not a large corporate; outstanding borrowings were Rs.17.22 crore as of 31 March 2026.
5
Announcement under Regulation 30 (LODR)-Newspaper Publication
29 Apr - Copy of the advertisement for Second 100-days Campaign - "Saksham Niveshak"-for KYC and Related Updations and Shareholder Engagement to prevent Transfer of Unpaid/Unclaimed Dividends to … 29 Apr - Copy of the advertisement for Second 100-days Campaign - "Saksham Niveshak"-for KYC and Related Updations and Shareholder Engagement to prevent Transfer of Unpaid/Unclaimed Dividends to …
Frequently Asked Questions about Bharat Gears
What does Bharat Gears Ltd do?
Incorporated in 1971, Bharat Gears Ltdis in the Automotive Gears business[1]
Where is Bharat Gears Ltd (BHARATGEAR) listed?
Bharat Gears Ltd trades as BHARATGEAR on the NSE and under code 505688 on the BSE.
Which sector does Bharat Gears Ltd belong to?
Bharat Gears Ltd is classified under the Automobiles sector, in the Auto Components industry.
What is the market capitalisation of Bharat Gears Ltd?
Bharat Gears Ltd has a market capitalisation of ₹157.47 Cr, which places it in the Small Cap band.
What is the PE ratio of Bharat Gears Ltd?
Bharat Gears Ltd trades at a PE ratio of 10.35, against a book value of ₹85.44 per share.
What is the 52-week high and low of Bharat Gears Ltd?
Over the last 52 weeks Bharat Gears Ltd has traded between ₹83.8 and ₹154.2.
Does Bharat Gears Ltd pay dividends?
Bharat Gears Ltd has a dividend yield of 0.97%.
What is the Return on Equity (ROE) of Bharat Gears Ltd?
Bharat Gears Ltd reported a return on equity of 12.58%. Its debt-to-equity ratio is 0.56.
Company Information
Incorporated in 1971, Bharat Gears Ltdis in the Automotive Gears business[1]
Website bharatgears.com
CEO Mr. Surinder Paul Kanwar B.Com.
Employees 1,104
Listed 1996-04-03
Face Value ₹ 10
Issued Size 1,53,55,058
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