Bgr Energy Systems Limited (BGRENERGY)

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Bgr Energy Systems Limited (BGRENERGY) · mywealthgrid

About

BGR Energy Systems Limited operates in civil construction (Industrials sector) with a market capitalization of ₹1,858.79 Cr. Quarterly revenues range from ₹15.3 Cr to ₹83.25 Cr in recent periods, with the company reporting significant losses across all recent quarters; verify company's competitive positioning and whether losses reflect sector-wide challenges or company-specific execution issues.

Face value: ₹10

Market cap

₹1,731 Cr

P/E

—

P/B

—

Dividend yield

ROE

—

ROCE

-27.3%

Debt / equity

—

OPM

-194.6%

EPS (TTM)

₹-172.8

Book value

₹-396.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin of −194.58% OPM indicates severe unprofitability; verify whether losses reflect one-time project impacts or structural operational issues.
Quarterly losses ranging from −₹8.55 Cr to −₹105.57 Cr on minimal revenue (₹15–83 Cr) raise cash-burn and sustainability concerns; confirm available liquidity and operational runway.
Revenue collapsed 82% from ₹83.25 Cr (Sep 2025) to ₹15.3 Cr (Jun 2026); identify whether this represents a trough or indicates structural business decline.
No dividend paid since 2013; ₹1,858.79 Cr market value rests on a loss-making business with minimal revenue, raising fundamental shareholder-value questions.

Generated analysis · source review pending

Growth drivers

Revenue recovery from ₹15.3 Cr (Jun 2026) toward ₹83.25 Cr (Sep 2025) peak would constitute material upside; verify project pipeline and completion timelines.
Operating margin at −194.58% OPM leaves substantial room for improvement to breakeven; verify whether losses reflect one-time impacts or unsustainable cost structure.
Stock returned +108.87% over 1 year to ₹257.45 despite quarterly losses deepening; verify what operational or strategic catalyst market is pricing into this repricing.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹239.7-5.9%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of -71.3% (3-yr avg)
−Revenue shrank over the last 5 years (-23.4% a year)
−Weak interest coverage of -0.6×

Research score

Structured signal from quality, growth, valuation and momentum.

33/100

Business quality: 0
Growth: 0
Valuation: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Larsen & ToubroLTLT	₹5,05,996 Cr	₹6,27,679 Cr	₹2,90,137 Cr	₹28,950 Cr	10.2%	₹16,590 Cr	6.6%	15.4%	15.5%	-142
Rail Vikas Nigam LimitedRVNLRVNL	₹41,075 Cr	₹45,888 Cr	₹20,825 Cr	₹891 Cr	3.8%	₹900 Cr	4.3%	10.2%	9%	66
Kalpataru Projects International LimitedKPILKPIL	₹23,167 Cr	₹26,474 Cr	₹27,380 Cr	₹2,277 Cr	8.3%	₹1,136 Cr	3.8%	20.3%	14.6%	-94
Nbcc (India) LimitedNBCCNBCC	₹20,898 Cr	₹20,898 Cr	₹12,752 Cr	₹656 Cr	4.8%	₹743 Cr	5.8%	29.3%	26.2%	-7,663
Irb Infrastructure Developers LimitedIRBIRB	₹20,533 Cr	₹40,541 Cr	₹7,686 Cr	₹4,182 Cr	52.1%	₹954 Cr	11.1%	6.1%	4.2%	67
Cemindia Projects LimitedCEMPROCEMPRO	₹20,254 Cr	₹21,120 Cr	₹10,185 Cr	₹1,058 Cr	10.2%	₹602 Cr	5.9%	44.8%	28.2%	-110
Engineers India LimitedENGINERSINENGINERSIN	₹17,577 Cr	₹17,577 Cr	₹3,878 Cr	₹750 Cr	17.7%	₹784 Cr	17.6%	28.8%	23.8%	-22
Techno Electric & Engineering Company LimitedTECHNOETECHNOE	₹11,614 Cr	₹11,686 Cr	₹3,356 Cr	₹469 Cr	14.2%	₹431 Cr	14.6%	13.6%	12%	-33
Ircon International LimitedIRCONIRCON	₹10,369 Cr	₹16,033 Cr	₹9,241 Cr	₹771 Cr	8.4%	₹524 Cr	6.5%	7.8%	9.2%	-469
Rites LimitedRITESRITES	₹10,068 Cr	₹10,068 Cr	₹2,458 Cr	₹555 Cr	22.9%	₹417 Cr	18.8%	19.3%	15.4%	-2,276
Welspun Enterprises LimitedWELENTWELENT	₹10,026 Cr	₹11,998 Cr	₹3,544 Cr	₹716 Cr	20.7%	₹308 Cr	10.9%	17.3%	12.5%	-422
Kec International LimitedKECKEC	₹9,912 Cr	₹15,015 Cr	₹23,506 Cr	₹1,599 Cr	7.1%	₹554 Cr	2.6%	23.1%	10.5%	-132

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,692	1,140	1,221	806	1,012	452	300
COGS	1,641	734	762	562	843	524	439
Gross profit	1,051	406	459	244	169	-71	-139
	861	664	394	523	505	495	444
	190	-258	65	-279	-336	-566	-583
OPM %	7.1%	-22.6%	5.3%	-34.6%	-33.2%	-125.1%	-194.6%
Depreciation	35	31	27	17	13	13	11
Interest	277	264	290	399	445	600	825
	43	7	9	50	109	206	128
Profit before tax	-80	-546	-244	-644	-685	-973	-1,292
Tax	-70	-119	-58	-157	75	0	0
Tax %	-88%	-21.8%	-23.9%	-24.3%	11%	0%	0%
PAT	-10	-427	-186	-488	-761	-973	-1,292
PAT margin %	-0.4%	-37.4%	-15.2%	-60.5%	-75.2%	-215.1%	-431%
EPS (₹)	-0.4	-56.2	-25.4	-67.2	-105.1	-134.8	-178.5
EPS adjusted (₹)	-0.4	-56.2	-25.4	-67.2	-105.1	-134.8	-178.5
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	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
Reserves	1,099	1,242	1,251	1,155	1,107	698	505	20	-733	-1,680	-2,933
Minority interest	35	65	57	16	—	—	—	—	—	—	—
	2,112	1,926	2,125	2,124	2,130	1,938	1,878	1,841	1,830	3,470	4,527
	3,252	3,121	3,272	3,336	2,936	2,681	2,905	3,022	3,189	2,839	2,644
Total equity & liabilities	6,571	6,426	6,777	6,704	6,245	5,389	5,360	4,955	4,358	4,701	4,311
	421	488	493	493	403	370	336	322	297	283	256
CWIP	5	—	—	—	—	—	—	—	0	0	0
Investments	1	1	1	1	0	1	1	4	5	4	2
	6,144	5,937	6,283	6,211	5,841	5,018	5,023	4,630	4,057	4,414	4,052
Total assets	6,571	6,426	6,777	6,704	6,245	5,389	5,360	4,955	4,358	4,701	4,311

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Construction and EPC contracts	266.38	-492.22	4,170.81	2,533.62	1,637.19	-30.06
Capital goods	33.31	-10.58

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	39%	35.6%	37.6%	30.3%	16.7%	-15.7%	-46.3%
EBITDA margin %	7.1%	-22.6%	5.3%	-34.6%	-33.2%	-125.1%	-194.6%
EBIT margin %	5.8%	-25.3%	3.1%	-36.6%	-34.5%	-128%	-198.2%
PAT margin %	-0.4%	-37.4%	-15.2%	-60.5%	-75.2%	-215.1%	-431%
Working capital
Receivable days	269	429	218	306	209	288	106
Inventory days	10	23	18	28	19	10	8
Payable days	28	687	409	752	521	892	940
NWC days	251	-235	-172	-418	-293	-594	-826
Leverage
Current ratio	—	—	0.97	0.97	0.89	0.73	1.43
Debt to EBITDA	11.2	—	28.99	—	—	—	—
Debt to equity	1.81	2.52	3.26	20.04	-2.77	-2.16	-1.58
Interest coverage	0.7	-1.1	0.2	-0.6	-0.5	-0.6	-0.6
Asset turnover	0.43	0.21	0.23	0.16	0.23	0.1	0.07
Return ratios
Return on assets %	-0.2%	-7.9%	-3.5%	-9.8%	-17.5%	-20.7%	-30%
Return on capital employed %	12.7%	-21.8%	4.9%	-35.7%	-99.8%	34.9%	-27.3%
Return on equity %	-0.8%	-55.4%	-32.2%	-530.9%	115.1%	60.5%	45.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	75%	75%	51.01%	51.01%	51.01%	51.01%	51.01%	51.01%	51.01%	51.01%	51.01%	51.01%
	0.02%	0.01%	0.08%	0.17%	0.15%	0%	0.02%	0.01%	0.1%	0.05%	0.11%	0.01%
DII	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.14%	0.14%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	24.72%	24.73%	48.65%	48.56%	48.58%	48.73%	48.83%	48.84%	48.89%	48.94%	48.88%	48.98%
No. of shareholders	—	—	—	—	—	—	—	—	71,751	69,300	68,589	67,585

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Bgr Energy Systems Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

79 announcementsExport CSV

1 Oct 2026, 4:39 pmCompany Update

Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)

Updates - Corporate Insolvency Resolution Process (CIRP)

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	39%	35.6%	37.6%	30.3%	16.7%	-15.7%	-46.3%
EBITDA margin %	7.1%	-22.6%	5.3%	-34.6%	-33.2%	-125.1%	-194.6%
EBIT margin %	5.8%	-25.3%	3.1%	-36.6%	-34.5%	-128%	-198.2%
PAT margin %	-0.4%	-37.4%	-15.2%	-60.5%	-75.2%	-215.1%	-431%
Working capital
Receivable days	269	429	218	306	209	288	106
Inventory days	10	23	18	28	19	10	8
Payable days	28	687	409	752	521	892	940
NWC days	251	-235	-172	-418	-293	-594	-826
Leverage
Current ratio	—	—	0.97	0.97	0.89	0.73	1.43
Debt to EBITDA	11.2	—	28.99	—	—	—	—
Debt to equity	1.81	2.52	3.26	20.04	-2.77	-2.16	-1.58
Interest coverage	0.7	-1.1	0.2	-0.6	-0.5	-0.6	-0.6
Asset turnover	0.43	0.21	0.23	0.16	0.23	0.1	0.07
Return ratios
Return on assets %	-0.2%	-7.9%	-3.5%	-9.8%	-17.5%	-20.7%	-30%
Return on capital employed %	12.7%	-21.8%	4.9%	-35.7%	-99.8%	34.9%	-27.3%
Return on equity %	-0.8%	-55.4%	-32.2%	-530.9%	115.1%	60.5%	45.2%

120 deals · 13 Dec 2022 – 19 Feb 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
19 Feb 2025	EPITOME TRADING AND INVESTMENTS	Bulk	NSE	Sell	4,00,000	₹98.13	₹3.93 Cr
19 Feb 2025	PARSHVA TRADING	Bulk	NSE	Sell	3,87,077	₹98.71	₹3.82 Cr
19 Feb 2025	EPITOME TRADING AND INVESTMENTS	Bulk	NSE	Buy	5,316	₹103.05	₹0.05 Cr
31 Jan 2025	EPITOME TRADING AND INVESTMENTS	Bulk	NSE	Buy	5,68,207	₹136.40	₹7.75 Cr
31 Jan 2025	PARSHVA TRADING	Bulk	NSE	Buy	5,00,000	₹136.40	₹6.82 Cr
27 Jan 2025	EPITOME TRADING AND INVESTMENTS	Bulk	NSE	Sell	8,00,000	₹142.10	₹11.37 Cr
20 Jan 2025	NEO APEX VENTURE LLP	Bulk	NSE	Sell	6,75,000	₹133.98	₹9.04 Cr
20 Jan 2025	EPITOME TRADING AND INVESTMENTS	Bulk	NSE	Buy	5,00,000	₹133.98	₹6.70 Cr
7 Jan 2025	NEO APEX VENTURE LLP	Bulk	NSE	Sell	6,93,420	₹112.15	₹7.78 Cr
6 Jan 2025	EPITOME TRADING AND INVESTMENTS	Bulk	BSE	Sell	4,50,000	₹109.95	₹4.95 Cr

1–10 of 120

1 / 12

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Date	Category	Subject	Filing
1 Oct 2026, 4:39 pm	Company Update Updates - Corporate Insolvency Resolution Process (CIRP)	Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)	PDF
30 Sept 2026, 3:30 pm	Company Update Resignation of Chairman	Resignation Of Mrs. Sasikala Raghupathy (DIN:00490686) From The Position Of Chairperson And Non-Executive Non-Independent Director Of The Company	PDF
30 Sept 2026, 3:27 pm	Company Update Resignation of Director	Resignation Of Mrs. Sasikala Raghupathy (DIN:00490686) From The Position Of Chairperson And Non-Executive Non-Independent Director Of The Company	PDF
29 Sept 2026, 6:03 pm	Company Update Updates - Corporate Insolvency Resolution Process (CIRP)	Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)	PDF
22 Sept 2026, 5:58 pm	AGM/EGM AGM	40Th AGM Proceedings Of BGR Energy Systems Limited	PDF
21 Sept 2026, 5:04 pm	Company Update General	Disclosure As Per Regulation 7(2) Of SEBI (PIT) Regulations, 2015	PDF
11 Sept 2026, 5:02 pm	AGM/EGM AGM	Addendum To The Notice Of 40Th Annual General Meeting Of The Company	PDF
11 Sept 2026, 12:59 pm	Company Update General	Outcome Of Circular Resolution Passed By The Board Of Directors Of The Company On 11Th September 2026	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-82	545	24	250	370	469	326	304	150	-1,857	-23
	-19	-18	-31	-25	42	-1	8	-2	0	2	2
	-106	-534	-91	-232	-413	-459	-369	-306	-143	1,883	-9
Net cash flow	-207	-7	-98	-7	-1	10	-35	-4	8	28	-30
Free cash flow	-106	526	-8	224	367	468	324	302	149	-1,858	-24
CFO / Operating profit %	—	—	—	—	194.4%	—	503.4%	—	—	—	—

Bgr Energy Systems Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

7

1

Segment results

Compounded sales growth

Return on equity

CAPITAL GOODS · revenue

Bgr Energy Systems Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Quarterly record

Annual reports

Dividends7

Board meetings1

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Return on equity

CAPITAL GOODS · revenue

7

1