Bharat Seats
BHARATSE NSE
Bharat Seats
AutomobilesNSE: BHARATSE BSE: 523229 Auto Components
Key Fundamentals
MicrocapAuto ComponentsAutomobilesMarket Cap
₹1,338 Cr
Volatility
Moderate
P/E Ratio
29.51
EBITDA
₹104 Cr
Return on Equity
18.39%
Debt to Equity
0.48
Book Value
₹36.57
52W High
₹263.18
52W Low
₹133.6
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
4- Company has reduced debt.
- Company is expected to give good quarter
- Company has delivered good profit growth of 56.7% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 21.2%
Weaknesses
1- Company might be capitalizing the interest cost
Growth Rate
Revenue Growth
51.36% higher than
3Y
Net Income Growth
29.05% higher than
3Y
Cash Flow Change
10.99% lower than
3Y
ROE
9.4% lower than
3Y
ROCE
23.69% lower than
3Y
EBITDA Margin (Avg.)
-12.75% 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 | 253 | 286 | 250 | 278 | 299 | 291 | 306 | 393 | 427 | 459 | 491 | 574 | 578 |
| Expenses | 241 | 269 | 235 | 261 | 282 | 273 | 288 | 370 | 405 | 436 | 466 | 545 | 550 |
| Operating Profit | 12 | 17 | 15 | 17 | 17 | 18 | 19 | 23 | 22 | 23 | 25 | 30 | 28 |
| OPM % | 4.8% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 5% | 4.9% | 5% | 5% | 4.9% |
| Other Income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 0 | 1 | 1 |
| Interest | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 |
| Depreciation | 5 | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 8 | 9 | 9 | 9 | 9 |
| PBT | 6 | 9 | 8 | 11 | 9 | 10 | 10 | 15 | 12 | 13 | 13 | 19 | 18 |
| Tax % | 27% | 25% | 27% | 23% | 26% | 26% | 26% | 25% | 26% | 26% | 26% | 28% | 25% |
| Net Profit | 5 | 7 | 6 | 8 | 7 | 7 | 8 | 11 | 9 | 10 | 10 | 13 | 13 |
| EPS in Rs | 0.74 | 1.08 | 0.88 | 1.29 | 1.05 | 1.13 | 1.21 | 1.81 | 1.46 | 1.58 | 1.58 | 2.11 | 2.1 |
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 | 693 | 700 | 840 | 970 | 904 | 589 | 548 | 818 | 1,051 | 1,067 | 1,289 | 1,951 | 2,102 |
| Expenses | 661 | 670 | 803 | 905 | 853 | 553 | 521 | 785 | 1,005 | 1,006 | 1,213 | 1,852 | 1,996 |
| Operating Profit | 32 | 30 | 37 | 65 | 50 | 36 | 27 | 32 | 46 | 61 | 75 | 99 | 106 |
| OPM % | 4.7% | 4.3% | 4.4% | 7% | 6% | 6% | 4.9% | 3.9% | 4.4% | 6% | 6% | 5% | 5% |
| Other Income | 2 | 2 | 1 | 1 | 5 | 2 | 2 | 5 | 4 | 5 | 4 | 4 | 4 |
| Interest | 6 | 5 | 4 | 3 | 3 | 3 | 4 | 4 | 4 | 8 | 9 | 10 | 10 |
| Depreciation | 16 | 17 | 17 | 19 | 21 | 22 | 18 | 18 | 17 | 24 | 26 | 35 | 37 |
| PBT | 11 | 10 | 17 | 44 | 31 | 12 | 7 | 16 | 30 | 34 | 44 | 58 | 63 |
| Tax % | 29% | 27% | 28% | 35% | 31% | -2% | 28% | 25% | 27% | 25% | 26% | 27% | — |
| Net Profit | 8 | 7 | 12 | 28 | 21 | 13 | 5 | 12 | 22 | 25 | 33 | 42 | 46 |
| EPS in Rs | 1.29 | 1.15 | 1.94 | 4.49 | 3.41 | 1.99 | 0.77 | 1.9 | 3.43 | 3.99 | 5.21 | 6.72 | 7.37 |
| Div. Payout % | 35% | 39% | 23% | 11% | 15% | 13% | 33% | 21% | 20% | 20% | 21% | 22% | — |
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 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 13 | 13 |
| Reserves | 40 | 47 | 56 | 80 | 98 | 107 | 110 | 121 | 140 | 161 | 182 | 217 |
| Borrowings | 91 | 75 | 63 | 25 | 29 | 40 | 35 | 39 | 66 | 160 | 152 | 110 |
| Other Liabilities | 127 | 122 | 140 | 172 | 140 | 89 | 140 | 171 | 146 | 179 | 301 | 397 |
| Total Liabilities | 265 | 250 | 265 | 285 | 273 | 242 | 291 | 337 | 358 | 505 | 648 | 737 |
| Fixed Assets | 150 | 144 | 146 | 136 | 152 | 150 | 126 | 147 | 199 | 276 | 283 | 356 |
| CWIP | 3 | 1 | 0 | 13 | 0 | 22 | 30 | 8 | 12 | 49 | 90 | 12 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 111 | 104 | 119 | 135 | 121 | 69 | 135 | 182 | 147 | 181 | 275 | 369 |
| Total Assets | 265 | 250 | 265 | 285 | 273 | 242 | 291 | 337 | 358 | 505 | 648 | 737 |
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 | 36 | 34 | 38 | 69 | 35 | 28 | 19 | 16 | 43 | 57 | 96 | 107 |
| Investing | -13 | -6 | -17 | -23 | -24 | -34 | -12 | -15 | -59 | -73 | -68 | -47 |
| Financing | -23 | -28 | -22 | -44 | -4 | -3 | -7 | -2 | 17 | 16 | -25 | -47 |
| Net Cash Flow | 0 | 0 | 0 | 2 | 7 | -9 | 0 | -1 | 0 | 0 | 3 | 12 |
| Free Cash Flow | 23 | 28 | 22 | 46 | 10 | -6 | 7 | 0 | -17 | -16 | 28 | 59 |
| CFO/OP | 116 | 122 | 111 | 127 | 89 | 93 | 80 | 56 | 127 | 113 | 137 | 122 |
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 | 40 | 43 | 41 | 35 | 31 | 22 | 55 | 49 | 34 | 35 | 56 | 49 |
| Inventory Days | 7 | 9 | 8 | 12 | 11 | 16 | 24 | 28 | 12 | 16 | 19 | 13 |
| Days Payable | 56 | 60 | 61 | 66 | 59 | 57 | 99 | 68 | 48 | 59 | 87 | 69 |
| Cash Conversion Cycle | -8 | -8 | -13 | -19 | -17 | -19 | -20 | 9 | -3 | -7 | -13 | -7 |
| Working Capital Days | -35 | -34 | -26 | -13 | -12 | -18 | -13 | 2 | -13 | -17 | -20 | -12 |
| ROCE % | 13% | 12% | 17% | 40% | 28% | 11% | 7% | 12% | 18% | 15% | 16% | 20% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Bharat Seats insights
60 extracted metrics + investor summaries across FY11–FY26.
Documents
2
OUTCOME OF THE MEETING OF Board AS PER REGULATION 30 And 33 OF THE SEBI (LODR) REGULATIONS, 2015 ('SEBI LODR REGULATIONS')
1d - Board approved FY26 audited results, ₹86.61 crore capex, 75% dividend, and WTD reappointment. 1d - Board approved FY26 audited results, ₹86.61 crore capex, 75% dividend, and WTD reappointment.
5
OUTCOME OF THE MEETING OF Board AS PER REGULATION 30 And 33 OF THE SEBI (LODR) REGULATIONS, 2015 ('SEBI LODR REGULATIONS')
6 May - Board approved FY26 results, Rs.86.61 crore capex, 75% dividend, AGM on 24 July 2026. 6 May - Board approved FY26 results, Rs.86.61 crore capex, 75% dividend, AGM on 24 July 2026.
Frequently Asked Questions about Bharat Seats
What does Bharat Seats Ltd do?
Incorporated in 1986, Bharat Seats Ltd manufactures complete seating system
and interior component for the automotive
and surface transport[1]
Where is Bharat Seats Ltd (BHARATSE) listed?
Bharat Seats Ltd trades as BHARATSE on the NSE and under code 523229 on the BSE.
Which sector does Bharat Seats Ltd belong to?
Bharat Seats Ltd is classified under the Automobiles sector, in the Auto Components industry.
What is the market capitalisation of Bharat Seats Ltd?
Bharat Seats Ltd has a market capitalisation of ₹1,338 Cr, which places it in the Small Cap band.
What is the PE ratio of Bharat Seats Ltd?
Bharat Seats Ltd trades at a PE ratio of 29.51, against a book value of ₹36.57 per share.
What is the 52-week high and low of Bharat Seats Ltd?
Over the last 52 weeks Bharat Seats Ltd has traded between ₹133.6 and ₹263.18.
Does Bharat Seats Ltd pay dividends?
Bharat Seats Ltd has a dividend yield of 0.69%.
What is the Return on Equity (ROE) of Bharat Seats Ltd?
Bharat Seats Ltd reported a return on equity of 18.39%. Its debt-to-equity ratio is 0.48.
Company Information
Incorporated in 1986, Bharat Seats Ltd manufactures complete seating system and interior component for the automotive and surface transport[1]
Website bharatseats.com
CEO Mr. Rajiv Arora
Employees 462
Listed 2002-07-05
Face Value ₹ 2
Issued Size 6,28,00,000
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