Bharat Gears
- P/E
- 10.14
Key Fundamentals
MicrocapAuto ComponentsConsumer DiscretionaryPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 18.10%
- Debt to Equity
- 0.56
- EPS (TTM)
- ₹9.77
- Book Value
- ₹87.18
- Market Cap
- —
- P/E (TTM)
- 10.14
- P/B
- 1.14
- ROE
- 13.40%
- Dividend Yield
- 1.03%
- EBITDA
- ₹58.60 Cr
- 52W High
- ₹141.33
- 52W Low
- ₹83.80
- Day Range
- ₹97.09 – ₹99.50
- Volume
- 18,458
Peer Comparison
Consumer Discretionary › Automobiles › Auto Components › Auto Components & Equipments
| ₹159.49 | 38.43 | ₹1,68,660 Cr | 3.98 | 0.37% | 11.20% | 13.40% | ₹1,31,135 Cr | ₹4,556 Cr | |
| ₹50,925.00 | 63.56 | ₹1,48,351 Cr | 10.11 | 0.54% | 14.60% | 21.50% | ₹21,088 Cr | ₹2,363 Cr | |
| ₹1,812.80 | 122.74 | ₹86,739 Cr | 7.65 | 0.48% | 12.00% | 12.60% | ₹17,543 Cr | ₹715 Cr | |
| ₹1,196.90 | 57.49 | ₹67,494 Cr | 10.13 | 0.24% | 19.30% | 19.60% | ₹20,725 Cr | ₹1,291 Cr | |
| ₹893.70 | 74.48 | ₹56,293 Cr | 8.70 | 0.38% | 11.70% | 15.10% | ₹4,514 Cr | ₹746 Cr | |
| ₹3,507.20 | 42.47 | ₹55,555 Cr | 8.92 | 0.99% | 20.80% | 27.90% | ₹10,192 Cr | ₹1,292 Cr | |
| ₹2,250.50 | 71.81 | ₹42,644 Cr | 5.62 | 0.16% | 9.95% | 17.10% | ₹23,754 Cr | ₹1,109 Cr | |
| Bharat Gears (this company) | ₹99.02 | 10.14 | ₹149 Cr | 1.14 | 1.03% | 13.40% | 18.10% | ₹820 Cr | ₹15 Cr |
| Median 8 companies | ₹1,504.85 | 60.53 | ₹61,893 Cr | 8.18 | 0.43% | 12.70% | 17.60% | ₹19,134 Cr | ₹1,200 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest 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, as of . How it works →
Overall score
Data confidence 100/100
Category scores
- Quality
- 63
- Good
- Returns, margins, earnings quality 22% weight
- Valuation
- 71
- Strong
- Cheap vs sector & own history 24% weight
- Growth
- 73
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 35
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 40
- Weak
- Trend strength, vol-adjusted 12% weight
- Ownership
- 47
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Stock is trading at 1.17 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
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bearish | 9 | 4 | 6 |
| Oscillators | Bullish | 2 | 4 | 3 |
| Moving Averages | Strong Bearish | 7 | 0 | 3 |
Oscillators
Bullish
Overall
Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 50.07
- Neutral
- MACD (12,26,9)
- −1.44
- Bullish
- SMA (50)
- 100.61
- Bearish
- SMA (200)
- 109.02
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +7.01% |
|---|---|
| 5Y | +9.28% |
| 3Y | +0.78% |
| 1Y | +20.99% |
| TTM | +24.00% |
Net profit
| 10Y | Zero base |
|---|---|
| 5Y | Turned to profit |
| 3Y | +7.17% |
| 1Y | +433.33% |
| TTM | +125.71% |
Operating cash flow
| 10Y | +2.35% |
|---|---|
| 5Y | −13.24% |
| 3Y | −11.61% |
| 1Y | −40.82% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −1.16 pp |
|---|---|
| 5Y | −0.53 pp |
| 3Y | +0.62 pp |
| 1Y | +2.77 pp |
| TTM | +1.99 pp |
Revenue by year
| Mar 2017 | ₹407 Cr |
|---|---|
| Mar 2018 | ₹508 Cr |
| Mar 2019 | ₹594 Cr |
| Mar 2020 | ₹463 Cr |
| Mar 2021 | ₹503 Cr |
| Mar 2022 | ₹729 Cr |
| Mar 2023 | ₹766 Cr |
| Mar 2024 | ₹663 Cr |
| Mar 2025 | ₹648 Cr |
| Mar 2026 | ₹784 Cr |
Net profit by year
| Mar 2017 | −₹1.00 Cr |
|---|---|
| Mar 2018 | ₹6.00 Cr |
| Mar 2019 | ₹13.00 Cr |
| Mar 2020 | −₹19.00 Cr |
| Mar 2021 | −₹8.00 Cr |
| Mar 2022 | ₹26.00 Cr |
| Mar 2023 | ₹13.00 Cr |
| Mar 2024 | −₹10.00 Cr |
| Mar 2025 | ₹3.00 Cr |
| Mar 2026 | ₹16.00 Cr |
Quarterly Results
₹ Cr| 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 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 170 | 179 | 143 | 171 | 166 | 165 | 142 | 175 | 180 | 205 | 189 | 210 | 216 | 238 |
| Expenses | 162 | 172 | 142 | 163 | 158 | 157 | 145 | 162 | 170 | 188 | 177 | 197 | 208 | 225 |
| 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 | 12.81 |
| 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% | 5.38% |
| 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 | 0.93 |
| Interest | 4.42 | 4.38 | 4.33 | 4.36 | 4.39 | 4.33 | 4.3 | 4.05 | 3.66 | 3.59 | 3.37 | 3.39 | 3.25 | 3.49 |
| 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 | 4.82 |
| PBT | −1.02 | −2.44 | −7.17 | −2.25 | −2.42 | 15.53 | −12.63 | 3.46 | 2.21 | 9.56 | 3.42 | 6.84 | 0.2 | 5.44 |
| 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% | 24.63% |
| Net Profit | −0.76 | −1.73 | −5.5 | −1.75 | −1.81 | 13.58 | −10.29 | 1.71 | 1.65 | 7.22 | 2.57 | 5.07 | 0.15 | 4.1 |
| EPS (₹) | −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 | — |
Sep 2026: from the results filed on 30 Oct 2026, ahead of the full statement, so some rows are blank.
Profit & Loss
₹ Cr| 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 (₹) | −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
₹ Cr| 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
₹ Cr| 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
62 extracted metrics across FY11–FY27.
Documents
- 1 Jul 2026
- 24 Mar 2026
- 22 Jan 2026
- 7 Jul 2025
- 13 Mar 2025
- General announcements 13 Oct 2026
Frequently Asked Questions about Bharat Gears
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Company Information
Incorporated in 1971, Bharat Gears Ltdis in the Automotive Gears business
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