Bharat Gears Limited (BHARATGEAR)

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Bharat Gears Limited (BHARATGEAR) · mywealthgrid

About

Small-cap auto-components supplier in the Consumer Discretionary sector. Most recent standalone revenue ₹215.65 Cr (Jun 2026) with market cap ₹157.13 Cr; generates ROE of 13.52%.

Face value: ₹10

Market cap

₹153 Cr

P/E

10.2×

P/B

1.2×

Dividend yield

ROE

13.5%

ROCE

19%

Debt / equity

0.44

OPM

6.7%

EPS (TTM)

₹9.8

Book value

₹85.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Jun 2026 profit collapsed to ₹0.15 Cr despite highest revenue (₹215.65 Cr) and 3.77% OPM — verify if structural cost or competitive pressures or temporary operational issue
Minimal institutional investor base (FII 1.35%, DII 0%) may indicate market neglect or capital-access constraints — verify reasons and if limiting growth capital options
Auto components tied to passenger and commercial vehicle production; customer concentration and order book visibility unknown — verify cyclical exposure and demand sustainability
Supply-chain disruptions and raw material inflation common in auto components — verify sourcing resilience and pass-through mechanisms

Generated analysis · source review pending

Growth drivers

Revenue up 20% YoY to ₹215.65 Cr (Jun 2026 from ₹179.8 Cr Jun 2025) — verify if demand-driven and sustainable despite margin compression
Returned to profitability after Dec 2024 loss (₹-10.29 Cr), with Sep 2025 generating ₹7.22 Cr profit (7.04% OPM) — verify if reflects cyclical recovery in auto sector or structural improvement
Historical OPM of 7–8% (Mar, Sep, Dec 2025) vs current 3.77% indicates potential for margin recovery if recent deterioration is cyclical — verify drivers of Jun 2026 compression

Generated analysis · source review pending

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

₹99.6-0.6%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of 2.6% (3-yr avg)
−Thin operating margin of 6.7%
−Modest revenue growth of 9.3% a year over the last 5 years
−Low dividend payout of 10.3% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

53/100

Business quality: 35
Growth: 27
Valuation: 98

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

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Financials

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

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	387	114	114	595	463	503	729	766	663	648	784
COGS	-7	49	49	-2	238	249	371	409	357	343	414
Gross profit	—	65	65	—	225	254	359	358	306	304	371
	374	54	54	539	206	218	293	312	283	279	318
	20	11	11	58	19	36	66	46	24	25	52
OPM %	5.2%	9.4%	9.4%	9.8%	4%	7.1%	9%	6%	3.6%	3.9%	6.7%
Depreciation	17	4	4	22	27	24	20	20	23	24	23
Interest	16	4	4	22	22	23	18	17	17	17	14
	3	-0	-0	5	5	1	7	9	4	19	6
Profit before tax	1	3	3	19	-25	-10	34	18	-13	4	22
Tax	0	1	1	7	-6	-2	8	4	-3	1	6
Tax %	53.9%	25%	25%	35.6%	-24.4%	-20.2%	24.2%	23.4%	-24.4%	19.1%	25%
	0	2	2	13	-19	-8	26	13	-10	3	17
PAT margin %	0.1%	1.8%	1.8%	2.1%	-4.1%	-1.5%	3.5%	1.8%	-1.5%	0.5%	2.1%
EPS (₹)	0.3	2.6	2.6	15.4	-20.4	-8.3	26.4	8.8	-6.3	2.1	10.8
EPS adjusted (₹)	—	—	—	—	-13.4	-5.5	16.8	8.8	-6.3	2.1	10.7
	0%	0%	0%	6.5%	—	—	0%	0%	—	0%	9.3%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	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	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	9	9	10	15	15	15	15
Reserves	70	65	98	105	95	98	116
	125	111	101	103	93	61	58
	170	198	195	184	181	190	211
Total equity & liabilities	374	384	404	407	385	364	401
	146	127	113	120	113	111	102
CWIP	2	1	1	2	5	2	4
Investments	—	6	5	1	1	1	1
	226	249	285	284	267	250	293
Total assets	374	384	404	407	385	364	401

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Ratios

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

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	48.5%	50.5%	49.2%	46.6%	46.2%	47%	47.3%
EBITDA margin %	9.8%	4%	7.1%	9%	6%	3.6%	3.9%	6.7%
EBIT margin %	6.2%	-1.7%	2.3%	6.2%	3.4%	0.1%	0.3%	3.8%
PAT margin %	2.1%	-4.1%	-1.5%	3.5%	1.8%	-1.5%	0.5%	2.1%
Working capital
Receivable days	—	81	77	72	58	64	55	53
Inventory days	—	120	133	89	89	84	99	89
Payable days	—	—	229	148	118	124	135	132
NWC days	—	—	-20	13	30	24	19	11
Leverage
Current ratio	—	1.12	1.09	1.33	1.44	1.26	1.21	1.23
Debt to EBITDA	—	6.68	3.11	1.53	2.24	3.97	2.43	1.11
Debt to equity	—	1.57	1.51	0.93	0.85	0.84	0.54	0.44
Interest coverage	1.9	-0.1	0.6	2.7	2	0.3	0.2	2.6
Asset turnover	—	1.24	1.31	1.81	1.88	1.72	1.78	1.96
Return ratios
Return on assets %	—	-5%	-2%	6.4%	3.3%	-2.5%	0.9%	4.1%
Return on capital employed %	—	-1.7%	7.2%	26.2%	16.1%	2.1%	2.1%	19%
Return on equity %	—	-23.6%	-10.4%	23.9%	11.2%	-8.8%	2.8%	12.6%

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
	55.32%	55.32%	55.32%	55.32%	55.32%	55.32%	55.31%	55.32%	55.32%	55.33%	55.33%	55.33%
	1.23%	1.23%	1.31%	1.27%	1.25%	1.23%	1.26%	1.23%	1.23%	1.39%	1.41%	1.35%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	43.42%	43.42%	43.34%	43.38%	43.4%	43.42%	43.4%	43.42%	43.42%	43.25%	43.23%	43.32%
No. of shareholders	—	—	—	—	—	—	—	—	25,976	24,160	23,212	22,703

Promoter holding up 0.01 percentage points since Sep 2023.

137 deals · 4 Aug 2021 – 16 Jun 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
16 Jun 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	98,735	₹130.15	₹1.29 Cr
16 Jun 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	98,735	₹130.03	₹1.28 Cr
16 Jun 2026	ANKITA VISHAL SHAH	Bulk	NSE	Sell	84,459	₹136.81	₹1.16 Cr
16 Jun 2026	ANKITA VISHAL SHAH	Bulk	NSE	Buy	83,839	₹133.74	₹1.12 Cr
29 Sept 2025	PRAPANCH A JAGADISH	Bulk	NSE	Sell	12,26,898	₹146.21	₹17.94 Cr
29 Sept 2025	PRAPANCH A JAGADISH	Bulk	NSE	Buy	12,26,898	₹147.58	₹18.11 Cr
29 Sept 2025	ALPHAGREP SECURITIES PRIVATE LIMITED	Bulk	NSE	Buy	4,61,440	₹147.68	₹6.81 Cr
29 Sept 2025	ALPHAGREP SECURITIES PRIVATE LIMITED	Bulk	NSE	Sell	4,61,440	₹147.77	₹6.82 Cr
29 Sept 2025	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	3,29,989	₹147.23	₹4.86 Cr
29 Sept 2025	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	3,29,989	₹147.44	₹4.87 Cr

1–10 of 137

1 / 14

Mr. Surinder Paul KanwarExecutive Director-Chairperson-MD
Mr. Naresh Kumar VermaExecutive Director
Milind PujariChief Financial Officer
Mr. Nagar Venkatraman SrinivasanNon-Executive - Independent Director
Mr. Raman NandaNon-Executive - Independent Director
Ms. Kavita JhaNon-Executive - Independent Director
Mr. Satya Prakash MangalNon-Executive - Independent Director
Mr. Bharat Dev Singh KanwarNon-Executive - Independent Director
Prashant KhattryHead (Legal) & Company Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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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 Bharat Gears 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

Annual reports

Credit ratings

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the rating for the Bank Loan Facilities ....19 Mar 2026

Documents link to external sources (exchange filings, company investor pages).

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Events

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

9

Final dividend6 Aug 2026 · ex-date₹1
Final dividend29 Jul 2019 · ex-date₹1
Final dividend24 Jul 2014 · ex-date₹1
Final dividend25 Jul 2013 · ex-date₹1.8
Final dividend18 Jul 2012 · ex-date₹1.8
Final dividend19 Jul 2011 · ex-date₹1.5
Dividend dividend26 Jul 2010 · ex-date₹1.2
Dividend dividend21 Jul 2009 · ex-date₹1
Dividend dividend21 Jul 2008 · ex-date₹1

1

Board meeting to consider results3 Aug 2026

1

Bonus 1:227 Sept 2022 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

13 announcementsExport CSV

25 Aug 2026, 6:11 pmCompany Update

Compliance Of Part-A Of Schedule III Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	48.5%	50.5%	49.2%	46.6%	46.2%	47%	47.3%
EBITDA margin %	9.8%	4%	7.1%	9%	6%	3.6%	3.9%	6.7%
EBIT margin %	6.2%	-1.7%	2.3%	6.2%	3.4%	0.1%	0.3%	3.8%
PAT margin %	2.1%	-4.1%	-1.5%	3.5%	1.8%	-1.5%	0.5%	2.1%
Working capital
Receivable days	—	81	77	72	58	64	55	53
Inventory days	—	120	133	89	89	84	99	89
Payable days	—	—	229	148	118	124	135	132
NWC days	—	—	-20	13	30	24	19	11
Leverage
Current ratio	—	1.12	1.09	1.33	1.44	1.26	1.21	1.23
Debt to EBITDA	—	6.68	3.11	1.53	2.24	3.97	2.43	1.11
Debt to equity	—	1.57	1.51	0.93	0.85	0.84	0.54	0.44
Interest coverage	1.9	-0.1	0.6	2.7	2	0.3	0.2	2.6
Asset turnover	—	1.24	1.31	1.81	1.88	1.72	1.78	1.96
Return ratios
Return on assets %	—	-5%	-2%	6.4%	3.3%	-2.5%	0.9%	4.1%
Return on capital employed %	—	-1.7%	7.2%	26.2%	16.1%	2.1%	2.1%	19%
Return on equity %	—	-23.6%	-10.4%	23.9%	11.2%	-8.8%	2.8%	12.6%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Samvardhana Motherson International LimitedMOTHERSONMOTHERSON	₹1,65,731 Cr	₹1,81,626 Cr	₹1,31,135 Cr	₹12,541 Cr	9.4%	₹4,380 Cr	3.2%	12.6%	10.2%	-26
Bosch LimitedBOSCHLTDBOSCHLTD	₹1,34,166 Cr	₹1,34,166 Cr	₹21,088 Cr	₹2,832 Cr	13.2%	₹2,363 Cr	13.8%	21%	19.4%	13
Bharat Forge LimitedBHARATFORGBHARATFORG	₹89,644 Cr	₹96,518 Cr	₹17,543 Cr	₹2,963 Cr	17.4%	₹706 Cr	6.5%	17.9%	11.5%	136
Uno Minda LimitedUNOMINDAUNOMINDA	₹64,160 Cr	₹66,698 Cr	₹20,725 Cr	₹2,280 Cr	11.5%	₹1,202 Cr	6.5%	19.3%	19.1%	37
Schaeffler India LimitedSCHAEFFLERSCHAEFFLER	₹60,732 Cr	₹60,787 Cr	₹10,505 Cr	₹1,917 Cr	18.2%	₹1,253 Cr	11.9%	27.3%	20.2%	68
Sona Blw Precision Forgings LimitedSONACOMSSONACOMS	₹50,071 Cr	₹50,314 Cr	₹4,935 Cr	₹1,207 Cr	24.7%	₹686 Cr	14.1%	14.6%	11%	121
Tube Investments Of India LimitedTIINDIATIINDIA	₹45,302 Cr	₹45,695 Cr	₹23,754 Cr	₹2,260 Cr	9.9%	₹607 Cr	4.9%	15.4%	9.6%	41
Endurance Technologies LimitedENDURANCEENDURANCE	₹36,602 Cr	₹37,928 Cr	₹15,592 Cr	₹2,058 Cr	13.5%	₹970 Cr	6.5%	18.5%	15.2%	-6
Exide Industries LimitedEXIDEINDEXIDEIND	₹34,803 Cr	₹35,896 Cr	₹18,829 Cr	₹1,954 Cr	10.4%	₹932 Cr	4.8%	8.9%	6.1%	42
Dhoot Transmission LimitedDHOOTTRANSDHOOTTRANS	₹29,518 Cr	₹30,359 Cr	₹4,525 Cr	₹711 Cr	15.7%	₹397 Cr	8.8%	30.8%	23.1%	69
Craftsman Automation LimitedCRAFTSMANCRAFTSMAN	₹26,897 Cr	₹30,238 Cr	₹8,717 Cr	₹1,357 Cr	15.3%	₹465 Cr	4.8%	16.1%	12.5%	74
Sansera Engineering LimitedSANSERASANSERA	₹26,686 Cr	₹27,144 Cr	₹3,753 Cr	₹696 Cr	18.1%	₹351 Cr	9.3%	14.7%	11.1%	98

Date	Category	Subject	Filing
25 Aug 2026, 6:11 pm	Company Update General	Compliance Of Part-A Of Schedule III Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
14 Aug 2026, 5:21 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
13 Aug 2026, 5:46 pm	Company Update General	Intimation Under Regulation 30 Read With Schedule III Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
13 Aug 2026, 5:29 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
3 Aug 2026, 6:12 pm	Company Update General	Intimation Under Regulation 30 Read With Schedule III Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
3 Aug 2026, 5:28 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of Board Meeting 2/26-27	PDF
31 Jul 2026, 2:20 pm	Company Update General	Intimation Under Regulation 30 Read With Schedule III Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
21 Jul 2026, 3:02 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	54	59	30	42	47	49	29
	-29	-2	-5	-26	-13	2	-8
	-20	-57	-32	-3	-37	-51	-31
Net cash flow	4	0	-7	13	-4	0	-10
Free cash flow	—	55	26	16	32	35	18
CFO / Operating profit %	287.3%	164.9%	46.1%	91.3%	198%	193.6%	56.4%

Bharat Gears Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

9

1

1

Announcements

9

1

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

Bharat Gears Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Dividends9

Board meetings1

Bonus issues1

Announcements

Dividends9

Board meetings1

Bonus issues1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

9

1

1

9

1

1