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Bharat Gears Limited

NSE: BHARATGEAR · Unclassified

₹98.54-0.40%06 Nov 2026

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Instant answers about Bharat Gears Limited — computed from its filings, no language model
Market cap₹151 cr
Current price₹98.54
High / Low₹137 / ₹86
P/E12.7
P/B1.13
Book value₹87.2
ROE8.9%
ROCE15.2%
Debt / equity0.44
Dividend yield—
EPS (TTM)₹7.74
Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin
showing latest 6 of 14 periods
FY11†FY12†FY13†FY14†FY15†FY16†FY19FY20FY21FY22FY23FY24FY25FY26
Revenue335.5433.8392.6419.9414.9397.5594.4463.1503.0729.4766.4663.0647.5784.2
EBITDA32.147.527.925.521.830.658.418.635.865.846.023.525.352.3
Operating margin9.6%11.0%7.1%6.1%5.2%7.7%9.8%4.0%7.1%9.0%6.0%3.6%3.9%6.7%
Interest8.512.711.714.516.416.222.021.622.718.417.117.517.114.0
Depreciation9.110.811.613.713.916.521.826.724.120.420.122.623.622.6
Profit before tax14.626.87.50.6-6.40.519.4-24.8-9.734.117.6-12.93.922.0
Tax4.88.22.50.0-2.20.36.9-6.0-1.98.24.1-3.10.85.5
Net profit9.718.65.00.6-4.20.20.0-18.8-7.725.813.5-9.73.216.5
EPS ₹——————15.39-20.38-8.2726.438.78-6.342.0810.75
Operating cash flow—————————30.342.046.649.029.4
Capex—————————4.826.014.513.911.0
Dividend paid—————————0.00.00.00.00.0
Total assets——————————407.2385.5364.4400.8
Equity——————————120.6110.6112.9131.2

Quarterly performance

last 74 quarters · ₹ crore
showing latest 8 of 74 periods
SEP '07†DEC '07†MAR '08†JUN '08†SEP '08†DEC '08†JUN '09†SEP '09†DEC '09†JUN '10†SEP '10†DEC '10†MAR '11†JUN '11†SEP '11†DEC '11†MAR '12†JUN '12†SEP '12†DEC '12†MAR '13†JUN '13†SEP '13†DEC '13†MAR '14†JUN '14†SEP '14†DEC '14†MAR '15†JUN '15†SEP '15†DEC '15†MAR '16†JUN '16†SEP '16†DEC '16†MAR '17JUN '17†SEP '17†DEC '17†MAR '18JUN '18SEP '18DEC '18MAR '19JUN '19SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
Revenue58.160.267.664.673.854.354.063.164.273.079.385.997.399.0100.8115.1118.9100.5101.790.799.895.2110.6108.9105.198.7101.8101.0113.4107.4100.190.399.698.497.9103.1114.0113.7125.8129.5144.9146.2149.8155.3143.7114.9132.7104.9110.649.3128.2151.5174.0164.7186.6187.4190.7213.6189.3179.5170.5179.0142.8170.8166.0164.6142.1174.9179.8204.7189.3210.3215.7238.2
Operating profit5.06.88.96.78.53.34.98.78.96.26.810.19.08.39.314.015.88.37.05.67.13.410.86.25.02.34.57.77.29.86.35.49.25.93.68.210.76.111.212.512.912.814.519.311.91.010.80.76.2-4.29.916.213.917.717.216.414.414.99.09.88.56.90.87.37.57.7-2.612.69.817.012.013.48.112.8
Operating margin8.7%11.4%13.2%10.3%11.5%6.1%9.1%13.8%13.9%8.4%8.6%11.8%9.3%8.4%9.3%12.2%13.3%8.2%6.9%6.2%7.1%3.6%9.8%5.7%4.8%2.4%4.4%7.6%6.4%9.1%6.3%5.9%9.2%6.0%3.7%8.0%9.4%5.4%8.9%9.7%8.9%8.7%9.7%12.4%8.3%0.9%8.1%0.6%5.6%-8.5%7.7%10.7%8.0%10.8%9.2%8.7%7.5%7.0%4.8%5.5%5.0%3.9%0.6%4.3%4.5%4.7%-1.8%7.2%5.5%8.3%6.3%6.4%3.8%5.4%
Other income1.81.12.22.1—0.6—————————3.0-0.32.2-0.51.00.02.01.20.00.00.40.60.80.30.90.80.20.60.50.20.4-0.10.30.20.20.92.02.4-0.10.40.41.60.72.10.50.20.7-0.11.50.00.51.51.94.00.50.40.72.00.50.31.30.30.71.81.90.52.10.40.9
Interest2.11.81.91.71.91.91.82.32.11.72.32.32.22.83.03.33.53.12.93.12.62.83.34.24.14.03.94.04.44.44.13.83.93.83.63.73.63.74.64.14.54.75.26.15.95.65.65.35.15.56.36.14.84.95.04.44.14.04.44.64.44.44.34.44.44.34.34.03.73.63.43.43.23.5
Depreciation2.42.62.22.42.32.52.62.32.32.32.22.32.32.52.62.82.82.82.92.92.93.03.13.74.03.74.14.02.14.24.14.14.14.14.24.14.34.24.54.84.84.95.35.75.96.76.76.86.56.36.16.05.85.85.24.84.65.05.25.25.55.75.65.75.96.06.05.85.85.85.75.35.14.8
Profit before tax2.23.67.04.74.2-0.40.54.14.52.22.45.54.53.03.710.99.24.50.80.51.6-0.35.6-1.7-3.0-5.0-2.90.51.02.1-1.1-2.31.8-1.6-4.00.82.7-1.42.23.94.65.26.47.30.5-10.80.1-10.8-3.4-15.4-2.34.83.28.610.67.77.27.93.40.5-1.0-2.4-7.2-2.2-2.415.5-12.63.52.29.63.46.80.25.4
Tax0.91.41.61.51.3-0.30.21.41.60.70.81.91.41.11.22.73.21.50.30.20.50.01.9-0.4-1.5-0.10.00.0-2.20.7-0.4-0.80.7-0.5-1.30.30.7-0.40.71.11.61.82.42.60.1-3.81.7-2.8-1.2-2.3-0.20.10.52.22.71.51.82.20.8-0.3-0.3-0.7-1.7-0.5-0.61.9-2.31.80.62.30.81.80.11.3
Net profit1.32.25.33.22.9-0.10.32.72.91.41.63.63.01.92.58.26.03.00.50.31.1-0.33.7-1.2-1.5-4.9-2.90.53.21.4-0.7-1.51.1-1.1-2.80.52.1-1.11.62.83.10.03.84.70.0-7.2-1.6-8.0-2.2-13.1-2.14.72.86.48.06.15.45.82.60.8-0.8-1.7-5.5-1.8-1.813.6-10.31.71.67.22.65.10.14.1
EPS ₹1.592.756.763.983.63-0.210.343.353.631.751.954.593.832.463.1310.467.593.860.630.431.44-0.454.74-1.60-1.93-6.32-3.730.604.071.78-0.90-1.941.37-1.38-3.560.642.61-1.341.993.503.664.194.935.810.46-7.86-1.70-8.60-2.34-14.12-2.235.092.986.878.546.335.233.751.690.54-0.49-1.13-3.59-1.13-1.188.84-6.701.121.074.701.683.300.102.67
Revenue YoY————26.9%-9.7%-16.4%-14.4%18.1%35.1%25.6%33.8%—35.6%27.2%34.0%22.2%1.5%0.8%-21.2%-16.1%-5.2%8.8%20.1%5.3%3.7%-8.0%-7.3%7.9%8.8%-1.7%-10.5%-12.2%-8.4%-2.2%14.1%14.5%15.5%28.5%25.6%27.1%28.6%19.1%19.9%-0.8%-21.4%-11.4%-32.4%-23.0%-57.1%-3.4%44.4%57.3%234.3%45.5%23.7%9.6%14.4%1.0%-5.9%—-16.2%-24.6%-4.9%-2.6%-8.1%-0.5%2.4%8.3%24.4%33.3%20.3%19.9%16.3%
Profit YoY————121.4%-104.5%-89.6%-7.6%—333.3%-41.0%26.3%—36.4%57.0%124.7%95.4%54.9%-80.6%-95.9%-81.0%-111.6%672.9%-467.6%-233.6%—-178.7%————-423.4%-66.4%-177.7%——96.3%——462.0%46.2%—140.4%68.3%-100.0%—-142.1%-269.1%———————29.5%93.5%-27.5%-57.8%-84.3%—-130.0%-312.4%-308.3%—————-46.8%—196.5%-90.9%-43.2%

Returns & margins

trailing-twelve-month, per quarter
showing latest 8 of 62 periods
JUN '08SEP '08DEC '08MAR '11JUN '11SEP '11DEC '11MAR '12JUN '12SEP '12DEC '12MAR '13JUN '13SEP '13DEC '13MAR '14JUN '14SEP '14DEC '14MAR '15JUN '15SEP '15DEC '15MAR '16JUN '16SEP '16DEC '16MAR '17JUN '17SEP '17DEC '17MAR '18JUN '18SEP '18DEC '18MAR '19JUN '19SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
ROE————————————————————————————————————————————————7.0%0.8%-6.1%-8.8%-9.8%3.7%-0.2%2.8%5.9%0.2%10.8%12.6%11.4%8.9%
ROCE————————————————————————————————————————————————12.6%8.6%3.6%2.3%1.6%10.1%7.5%12.1%14.3%9.9%18.1%19.0%17.8%15.2%
Net margin4.8%5.1%4.3%2.9%2.8%2.9%3.8%4.3%4.5%4.0%2.4%1.3%0.4%1.2%0.8%0.1%-0.9%-2.6%-2.2%-1.0%0.5%1.0%0.6%0.1%-0.6%-1.1%-0.6%-0.3%-0.3%0.7%1.1%1.2%1.4%1.7%1.9%1.4%0.2%-0.7%-3.4%-4.1%-6.3%-6.5%-2.9%-1.5%1.9%3.2%3.3%3.5%1.1%0.1%-1.1%-1.5%-1.6%0.7%-0.0%0.5%1.0%0.0%1.8%2.1%1.8%1.4%
EBITDA margin11.0%11.6%10.5%9.6%9.5%9.6%9.9%11.0%10.9%10.3%8.9%7.1%6.0%6.8%6.6%6.1%5.8%4.4%4.8%5.2%6.9%7.4%7.0%7.7%6.9%6.2%6.7%6.9%6.7%7.9%8.4%8.3%9.0%9.2%10.0%9.8%8.3%7.9%4.9%4.0%3.4%3.2%6.4%7.1%9.3%9.6%9.2%9.0%5.6%4.8%3.9%3.6%3.4%3.6%3.1%3.9%4.2%5.3%6.9%6.7%6.2%5.4%
Debt / equity————————————————————————————————————————————————0.850.790.790.840.840.710.710.540.540.510.510.440.440.44
Interest coverage3.293.633.072.722.612.622.943.113.182.982.201.641.221.631.401.040.740.220.350.611.041.150.991.030.800.600.800.860.871.281.461.551.892.092.151.891.150.880.07-0.15-0.37-0.430.290.571.652.322.582.851.621.030.430.260.181.210.901.231.521.172.272.572.472.18
Asset turnover————————————————————————————————————————————————1.851.721.611.721.711.551.551.781.811.731.851.962.051.86

Balance sheet

equity vs borrowings over time · ₹ crore
showing latest 6 of 9 periods
SEP '22MAR '23SEP '23MAR '24SEP '24MAR '25SEP '25MAR '26SEP '26
Share capital10.215.415.415.415.415.415.415.415.4
Other equity / reserves108.7105.2102.695.2107.097.5106.6115.8118.5
Total equity119.0120.6117.9110.6122.4112.9121.9131.2133.9
Borrowings103.9103.093.393.486.961.361.858.258.9
Current liabilities228.9177.5196.7179.4206.7174.9215.6210.4266.3
Non-current liabilities100.4109.2102.095.585.576.667.859.259.2
Total assets448.2407.2416.7385.5414.6364.4405.3400.8459.4
Property, plant & equipment119.5119.4117.3111.9109.1109.8105.5101.2102.8
Capital work-in-progress0.81.92.95.21.92.33.43.92.9
Investments0.81.11.21.21.21.31.41.42.7
Inventories114.2100.0108.682.0101.093.2105.3101.2115.3
Receivables140.7122.5117.1116.2106.396.9113.3113.8135.9
Cash & equivalents0.10.14.72.14.30.10.10.10.1

Cash flow

annual · ₹ crore · line = free cash flow
FY22FY23FY24FY25FY26
Cash from operations30.342.046.649.029.4
Cash from investing-5.0-26.3-13.22.3-8.0
Cash from financing-32.2-2.8-37.5-51.0-30.9
Capex4.826.014.513.911.0
Free cash flow25.516.032.135.018.5
Dividends paid0.00.00.00.00.0

Where the assets sit

Sep '26 · ₹ crore
Fixed assets (PPE)
₹102.8 cr22%
CWIP
₹2.9 cr1%
Investments
₹2.7 cr1%
Inventories
₹115.3 cr25%
Receivables
₹135.9 cr30%
Cash & equivalents
₹0.1 cr0%
Other assets
₹99.7 cr22%

Peer comparison

largest in Unclassified · this company in bold
CompanyMarket cap ₹crPriceP/EP/BROE
Avantel Limited36,86,04,549138.69—1059360.680.0%
Ducol Organics And Colours Limited19,55,275120.00—20089.130.0%
Jio Platforms Limited12,57,1811,406.40—3.57—
SBI Funds Management Limited1,01,750499.55———
Tamilnadu Telecommunication Limited91,3149.93———
Manipal Health Enterprises Limited76,294646.70———
INDO-MIM Limited59,0421,219.50———
AvenuesAI Limited45,138129.25153.69.516.2%
Dhoot Transmission Limited32,7611,601.60—8.11—
3M India Limited31,07127,570.0053.817.5732.7%
Bharat Gears Limited15198.5412.71.138.9%

StoxGud checklist: Bearish setup · 3/10

  • Price above 50-day average
  • Price above 200-day average
  • 50-day average above 200-day (uptrend)
  • RSI in healthy 40–70 zone
  • Positive 1-year return
  • Return on equity above 15%
  • Debt to equity below 1
  • Revenue growing year on year
  • Net profit margin above 10%
  • P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-6.0%
6 months-16.0%
1 year-6.7%
3Y CAGR-4.8%
5Y CAGR-2.0%
10Y CAGR+1.9%
50-day avg₹100.45
200-day avg₹108.93
RSI (14)39

FAQs

What is the share price of Bharat Gears Limited?

Bharat Gears Limited (BHARATGEAR) closed at ₹98.54 on NSE on 06 Nov 2026.

What is the market cap of Bharat Gears Limited?

₹151 crore at the latest close.

What is the P/E ratio of Bharat Gears Limited?

12.7, on trailing-twelve-month earnings from its filings.

How fast is Bharat Gears Limited growing?

Bharat Gears Limited: revenue has compounded at 0.8% a year over three years; net profit at 6.9% a year. Latest-quarter revenue is up 16.3% year on year, profit down 43.2%.

How profitable is Bharat Gears Limited?

On a trailing-twelve-month basis return on equity is 8.9%, return on capital employed 15.2%, operating margin 5.4%, net margin 1.4%.

How much debt does Bharat Gears Limited have?

Bharat Gears Limited is lightly geared: debt to equity is 0.44 with borrowings of ₹59 cr against cash of ₹0 cr (balance sheet of 2026-09-30). Operating profit covers interest 2.2 times.

Financials parsed from Bharat Gears Limited's own XBRL filings to NSE (standalone), ₹ crore unless marked. Quarterly from SEP '07, annual from FY11, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). † = the company's standalone results as published on BSE, used for quarters before MAR '17 and quarters missing from the NSE filings (full years marked † are summed from them); cross-checked against the NSE filings where both exist. Information only, not investment advice.