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Prices as of 9 Oct 2026 close · Not investment advice

Bharat Gears Limited

NSE: BHARATGEARAuto Components & EquipmentsTrade-to-trade true

Share price

₹105.13

-0.57% close of 9 Oct 2026

Market cap ₹158 CrP/E 10.5

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

64

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹158 Cr

P/E ratio

10.5

P/B ratio

1.2

ROCE

18.1%

ROE

13.1%

Dividend yield

0.9%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹137.3152-week low ₹86.22

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 24.0% over the past year, and 7.1% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 8.0% to 6.2% over the last four years.

Whether it grew faster than its sector

It grew 7.1% a year against a sector median of 10.5% — 3.4 percentage points slower.

Room to re-rate, or risk of de-rating

At 10.6× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 37.7×, across 5 companies. It is against its own five-year median of 10.1×, the 55th percentile of its own range.

Whether growth justifies the valuation

Priced at 1.5 times its growth rate, on earnings growth of 7%.

Profit growthPrice per ₹1 profitPer 1% growth
Bharat Gears Limited — this one7%/yr10.6×₹1.5
Minda Corporation Limited8%/yr37.7×₹4.7
SEDEMAC Mechatronics Limited128%/yr118.5×—
CIE Automotive India Limited127%/yr15.7×—
Amara Raja Energy & Mobility Limited-10%/yr17.8×—
Ramkrishna Forgings Limited-32%/yr110.6×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Auto Components & Equipments), it ranks 43 of 101 on returns, 73 of 99 on growth, 94 of 101 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 18.1% on capital, ahead of 57% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹197 crore of cash from the business, spent ₹52 crore on plant and equipment, and returned ₹154 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 1226 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back faster than it used to: it went from being waiting 28 days for its cash to waiting 19 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

9 of 9 checks clear · 100%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 3 Aug 2026 · Standalone · Unaudited

Revenue

₹216 Cr

Revenue vs last year

+19.9%

Revenue vs last quarter

+2.5%

Net profit

₹0 Cr

Profit vs last year

-91.0%

Profit vs last quarter

-97.1%

Net margin

0.1%

EPS

₹0.10

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹158 Cr
Prev close
₹105.13
52w High
₹141
52w Low
₹83.8
Enterprise value
₹223 Cr
Beta
1.1
Price CAGR 1y
-14.0%
Price CAGR 3y
-5.0%
Price CAGR 5y
0.0%
Price CAGR 10y
0.0%

Ratios

Return on assets
4.0%
PEG ratio
1.5
P/E ratio
10.5
P/B ratio
1.2
EV / EBITDA
4.4
Industry P/E
32.0
ROCE
18.1%
ROCE 5y average
12.2%
ROE
13.1%
Debt / Equity
0.6
Interest coverage
2.6
Dividend yield
0.9%
ROE 3y average
-3.0%
ROE last year
13.0%

Annual P&L

Annual revenue
₹784 Cr
Annual profit
₹16 Cr
Operating margin
7.0%
Net profit margin
2.0%
EBITDA margin
6.6%
Sales growth 3y
0.8%
Sales growth 5y
9.3%
Profit growth 3y
7.0%
Profit growth 5y
32.0%
EPS
₹10.8
Sales growth TTM
24.0%
Profit growth TTM
282.0%
Dividend payout
9.0%

Quarter P&L

Sales latest quarter
₹216 Cr
Profit latest quarter
₹0 Cr
YoY quarterly sales growth
19.9%
YoY quarterly profit growth
-90.9%
OPM latest quarter
3.8%

Balance Sheet

Book Value
₹87.3
Face Value
₹10.0
Total debt
₹73 Cr
Total cash
₹8 Cr
Borrowings
₹73 Cr
Reserves / Equity
7.7

Cash Flow

Operating cash flow
₹29 Cr
Free cash flow
₹19 Cr
FCF yield
3.0%
Net cash flow
-₹10 Cr

Shareholding

Promoter holding
55.3%
FII holding
1.4%
DII holding
0.0%
Public holding
43.3%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Samvardh. Mothe.159.2036.81,67,9220.381,075.781.535,243.816.613.4
Bosch44,410.0055.41,30,9300.61706.15.25,841.922.021.5
Bharat Forge1,841.8089.190,0030.46-89.9-57.74,639.918.712.6
Uno Minda1,104.8052.363,8900.24315.51.85,556.923.819.6
Schaeffler India3,797.0046.059,4550.92336.713.72,681.417.527.9
Sona BLW Precis.810.5065.550,9560.42220.173.41,157.250.815.1
Tube Investments2,388.0074.046,3620.15294.0-15.36,215.317.117.1
Bharat Gears104.8710.71610.950.2-90.9215.719.918.1
Median462.1030.01,6320.3212.322.3265.521.016.4

Competes with: Bharat Forge Limited, Bosch Limited, Samvardhana Motherson International Limited, Schaeffler India Limited, Sona BLW Precision Forgings Limited, Tube Investments of India Limited, UNO Minda Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales170179143171166165142175180205189210216
Expenses162172142163158157145162170188177197208
Material Cost879810999107112
Change in Inventories5.45-0.48-3.760.734.830.28
Purchases of Stock-in-Trade000000
Employee Cost293132343537
Other Expenses404250445159
Operating Profit8.546.910.797.307.537.73-2.57139.841712138.12
OPM %5.013.860.554.274.544.70-1.817.205.478.326.336.373.77
Other Income0.410.741.990.480.29180.280.661.781.900.522.140.41
Exceptional items (within Other Income)000000
Interest4.424.384.334.354.394.334.304.053.663.593.373.393.25
Depreciation5.555.715.625.675.865.996.045.755.755.795.725.315.08
Profit before tax-1.02-2.44-7.17-2.24-2.4316-133.452.219.563.426.840.20
Tax %-25-29-23-22-2613-19512524252625
Net Profit-0.76-1.73-5.50-1.74-1.8114-101.711.657.222.575.070.15
EPS in Rs-0.49-1.13-3.58-1.13-1.188.84-6.701.111.074.701.673.300.10
Diluted EPS in Rs1.121.074.701.683.300.10

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales415398407508594463503729766663648784820
Expenses393367379465536444467664720639622732769
Material Cost354412
Change in Inventories-111.32
Purchases of Stock-in-Trade00
Employee Cost119132
Other Expenses160187
Operating Profit22312843591936664624255251
OPM %58781047963.603.9076
Other Income22124517931965
Exceptional items (within Other Income)170
Interest16161517222223181717171414
Depreciation14161718222724202023242322
Profit before tax-61-2919-25-103418-133.932220
Tax %-3554-363236-24-202423-241925
Net Profit-40-1613-19-82613-103.191615
EPS in Rs-2.860.16-0.994.128.19-12-5178.78-6.342.08119.77
Diluted EPS in Rs2.0811
Dividend Payout %000060000009

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
7%
5 years
9%
3 years
1%
TTM
24%

Compounded profit growth

10 years
53%
5 years
32%
3 years
7%
TTM
282%

Stock price CAGR

10 years
0%
5 years
0%
3 years
-5%
1 year
-14%

Return on equity

10 years
2%
5 years
5%
3 years
-3%
Last year
13%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital88888991015151515
Reserves63635970807065981059598116
Borrowings100981121341621521181071161138073
Other Liabilities12599112154170143192189171162172197
Total Liabilities295268291366420374384404407385364401
Fixed Assets129115103113145150134118132133128116
CWIP2322102112524
Investments000000001111
Other Assets165150186250264222249285272247232280
Total Assets295268291366420374384404407385364401

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity20232065054593042474929
Cash from Investing Activity-5-7-5-21-56-29-2-5-26-132-8
Cash from Financing Activity-15-16-1827-5-20-57-32-3-37-51-31
Net Cash Flow-00-312-1140-713-40-10
Free Cash Flow151615-15-523552616335218

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days635883927181777258645553
Inventory Days1201121231191251201338989849989
Days Payable178148175181155167229148118124135132
Cash Conversion Cycle62231304133-201330241911
Working Capital Days-841321112102834211619
ROCE %61071318-1624152218

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters555555555555555555555555
FIIs1.231.231.311.271.251.231.261.231.231.391.411.35
DIIs0.030.030.030.030.030.030.030.030.030.030.030
Public434343434343434343434343
No. of Shareholders24,97624,49224,81325,08324,95824,88424,76324,59725,97624,16023,21222,703

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -13.1% (₹121.04 → ₹105.13)Brick size ₹3.08 (fixed)Bricks 64
₹100₹120₹105Nov '25Jan '26Mar '26May '26Jul '26
Price moved up one brickPrice moved down one brickLast close ₹105.13 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

65.26inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.61cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Bharat Gears Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • automotive components
  • steel forgings

Depends on the price of

  • fuel
  • steel

Sells to

  • Action Construction Equipment Limited · ring gears, pinions, transmission gears, shafts and differential gears for construction eq…
  • Ashok Leyland · gears and shafts for commercial vehicles
  • Carraro S.p.A. · bevel gears and transmission components
  • Eaton · gears and powertrain components
  • Escorts Kubota Limited · automotive gears, ring gears and pinions, transmission gears and shafts
  • Godrej & Boyce Manufacturing Company Limited · gears for material-handling equipment
  • International Tractors Limited (Sonalika) · tractor transmission gears and differential gears
  • John Deere · ground gears, ring gears and pinions
  • KION Group · gears for material-handling equipment
  • Liebherr · gears for construction equipment
  • Mahindra & Mahindra · automotive gears and transmission components (Swaraj tractor division)
  • Parker Hannifin · gears and powertrain components
  • Schaeffler India Limited · automotive gears and powertrain components
  • Sisu Auto · gears and shafts for heavy trucks
  • Tata Motors Limited · automotive gears and transmission components for commercial vehicles
  • Toyota · gears and automotive components
  • Tuff Torq Corporation · gears and transmission components
  • Turk Traktor · tractor transmission gears
  • V.S.T Tillers Tractors Limited · automotive gears and transmission components for tractors and tillers
  • Yanmar India · automotive gears for farm equipment
  • ZF Friedrichshafen AG · gears and shafts

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Automobile and Auto Components
Industry
Auto Components & Equipments
Classification
Automobile and Auto Components › Auto Components & Equipments
ISIN
INE561C01019

Plants

  • Faridabad Plant · Faridabad, Haryana
  • Lonand Plant · Lonand / Satara, Maharashtra
  • Mumbra Plant · Mumbra / Thane, Maharashtra

News impact

Big market events that reach Bharat Gears Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

6 Aug 2026unspecified₹1
27 Sep 2022bonus₹0
29 Jul 2019unspecified₹1
24 Jul 2014final₹1
25 Jul 2013unspecified₹1.8
18 Jul 2012unspecified₹1.8
19 Jul 2011unspecified₹1.5
26 Jul 2010unspecified₹1.2

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
16 Jun 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY98,735₹130.03
16 Jun 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL98,735₹130.15
16 Jun 2026ANKITA VISHAL SHAHSELL84,459₹136.81
16 Jun 2026ANKITA VISHAL SHAHBUY83,839₹133.74

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
25 Aug 2026Viney Uppal · Promoter Immediate RelativeBUY33,2150.35

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.