Bharat Gears Ltd

Bharat Gears Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bharat Gears Ltd

₹ 94.3 1.95%
12 Jun 11:33 a.m.
bharatgears.com BSE: 505688 NSE: BHARATGEAR
About

Incorporated in 1971, Bharat Gears Ltdis in the Automotive Gears business[1]

Key Points

Business Overview:[1][2]
BGL is a major supplier of automotive gears and heat treatment furnaces. It manufactures a wide range of Ring Gears and Pinions, Transmission Gears and Shafts, Differential Gears, sub assemblies for heavy, medium, light trucks, utility vehicles, tractors and off-highway vehicles, commercial vehicle and construction equipment segment

Website BSE NSE
  • Market Cap ₹ 145 Cr.
  • Current Price ₹ 94.3
  • High / Low ₹ 120 / 64.8
  • Stock P/E
  • Book Value ₹ 73.5
  • Dividend Yield 0.00 %
  • ROCE 2.01 %
  • ROE -11.5 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company's working capital requirements have reduced from 43.6 days to 33.9 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.93% over past five years.
  • Company has a low return on equity of -2.91% over last 3 years.
  • Earnings include an other income of Rs.19.4 Cr.
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
190.69 183.97 213.55 189.35 179.49 170.48 179.02 142.78 170.77 166.01 164.58 142.08 174.86
176.30 171.74 198.62 180.34 169.67 161.94 172.11 141.99 163.47 158.47 156.85 144.65 162.27
Operating Profit 14.39 12.23 14.93 9.01 9.82 8.54 6.91 0.79 7.30 7.54 7.73 -2.57 12.59
OPM % 7.55% 6.65% 6.99% 4.76% 5.47% 5.01% 3.86% 0.55% 4.27% 4.54% 4.70% -1.81% 7.20%
1.51 2.38 1.92 3.99 0.47 0.41 0.74 1.99 0.48 0.29 18.12 0.28 0.66
Interest 4.12 4.16 3.97 4.39 4.56 4.42 4.38 4.33 4.35 4.39 4.33 4.30 4.05
Depreciation 4.61 4.69 4.96 5.19 5.23 5.55 5.71 5.62 5.67 5.86 5.99 6.04 5.75
Profit before tax 7.17 5.76 7.92 3.42 0.50 -1.02 -2.44 -7.17 -2.24 -2.42 15.53 -12.63 3.45
Tax % 25.24% 25.35% 27.27% 24.27% -68.00% -25.49% -29.10% -23.29% -22.32% -25.21% 12.56% -18.53% 50.72%
5.36 4.30 5.76 2.59 0.84 -0.76 -1.73 -5.50 -1.74 -1.81 13.58 -10.29 1.71
EPS in Rs 3.48 2.79 3.75 1.69 0.55 -0.49 -1.13 -3.58 -1.13 -1.18 8.84 -6.70 1.11
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
420 415 398 407 508 594 463 503 729 766 663 648
394 393 367 379 465 536 444 467 664 720 639 622
Operating Profit 26 22 31 28 43 59 19 36 66 46 24 25
OPM % 6% 5% 8% 7% 8% 10% 4% 7% 9% 6% 4% 4%
3 2 2 1 2 4 5 1 7 9 3 19
Interest 14 16 16 15 17 22 22 23 18 17 17 17
Depreciation 14 14 16 17 18 22 27 24 20 20 23 24
Profit before tax 1 -6 1 -2 9 19 -25 -10 34 18 -13 4
Tax % 0% -35% 54% -36% 32% 36% -24% -20% 24% 23% -24% 19%
1 -4 0 -1 6 13 -19 -8 26 13 -10 3
EPS in Rs 0.41 -2.86 0.16 -0.99 4.12 8.19 -12.19 -5.00 16.78 8.78 -6.34 2.08
Dividend Payout % 130% 0% 0% 0% 0% 6% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 7%
3 Years: -4%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: 6%
3 Years: %
TTM: -22%
Stock Price CAGR
10 Years: 9%
5 Years: 28%
3 Years: 4%
1 Year: -16%
Return on Equity
10 Years: 0%
5 Years: 1%
3 Years: -3%
Last Year: -12%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 8 8 8 8 8 8 9 9 10 15 15 15
Reserves 68 63 63 59 70 80 70 65 98 105 95 98
100 100 98 112 134 162 152 118 107 116 113 80
115 125 99 112 154 170 143 192 189 171 162 172
Total Liabilities 291 295 268 291 366 420 374 384 404 407 385 364
135 129 115 103 113 145 150 134 118 132 133 128
CWIP 4 2 3 2 2 10 2 1 1 2 5 2
Investments 0 0 0 0 0 0 0 0 0 1 1 1
152 165 150 186 250 264 222 249 285 272 247 232
Total Assets 291 295 268 291 366 420 374 384 404 407 385 364

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
27 20 23 20 6 50 54 59 30 42 47 49
-38 -5 -7 -5 -21 -56 -29 -2 -5 -26 -13 2
11 -15 -16 -18 27 -5 -20 -57 -32 -3 -37 -51
Net Cash Flow -1 -0 0 -3 12 -11 4 0 -7 13 -4 0

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 60 63 58 83 92 71 81 77 72 58 64 55
Inventory Days 107 120 112 123 119 125 120 133 89 89 84 99
Days Payable 157 178 148 175 181 155 167 229 148 118 124 135
Cash Conversion Cycle 9 6 22 31 30 41 33 -20 13 30 24 19
Working Capital Days 27 22 27 48 68 47 46 44 49 51 46 34
ROCE % 9% 6% 10% 7% 13% 18% -1% 6% 24% 15% 2% 2%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
55.32% 55.32% 55.32% 55.32% 55.32% 55.32% 55.32% 55.32% 55.32% 55.32% 55.32% 55.32%
1.36% 1.61% 1.40% 1.27% 1.45% 1.23% 1.23% 1.31% 1.27% 1.25% 1.23% 1.26%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
43.29% 43.06% 43.24% 43.37% 43.19% 43.42% 43.42% 43.34% 43.37% 43.39% 43.42% 43.39%
No. of Shareholders 16,28026,68226,08925,91925,14024,97624,49224,81325,08324,95824,88424,763

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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