BGRENERGYIndustrials

BGR Energy Systems Limited

Civil Construction · ISIN INE661I01014 · BSE 532930 · NSE BE · FV ₹10
Last price
₹243
+5.00%today
What this company does

BGR Energy Systems Limited operates in Civil Construction, part of the Industrials sector. It booked ₹16 cr of revenue in its latest quarter (Q1 FY27).

In the report:
23out of 100
Equitytale Health Score
Fragile

Healthier than 23% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 60–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
47

At close. Not part of the score.

Profitability & returns5

How much profit it earns on the money it employs

Balance sheet17

How much it owes, and whether earnings cover the interest

Cash quality60

Whether reported profit actually arrives as cash

Growth & consistency3

Whether sales and profit have grown, and how steadily

Governance & risk50

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: valuation. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
Promoters hold 51%
Watch-outs
! Currently loss-making
! Sales down 82% vs last year
! 58.8% of promoter stake pledged

What if I invest in BGRENERGY?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹243 +5.00%
latest close · 2026-09-17
1-year return
+367.7%
52-wk low ₹5152-wk high ₹302
How good is the business?
How much profit it earns from its money and its sales.
Return on capital-4.6%Loss
WeakFairStrong
EBITDA margin-117.8%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Interest cover-0.1×Risky
RiskyOkayStrong ▸5×
Current ratio1.43Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1,757 cr
Book value
₹-396
EPS
₹-31.06
latest quarter
Net debt
₹4,505 cr
owes more than its cash
Enterprise value
₹6,262 cr
EBITDA
₹-74 cr
annualised
EBIT
₹-78 cr
annualised
Operating margin
-123.5%
Return on assets
-20.8%
Earnings yield
P/S
27.81
Sales / share
₹8.8
Tax rate
Face value
₹10
Shares
7.2 cr
Working capital
₹1,106 cr
Current assets
₹3,706 cr
Current liabilities
₹2,599 cr
Delivery %
54.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹16 cr
Other Income₹84 cr
Total Income₹99 cr
Cost of Materials₹20 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹17 cr
Finance Costs₹204 cr
Depreciation & Amortisation₹90 L
Other Expenses₹81 cr
Total Expenses₹323 cr
Profit before Tax₹-223 cr
Tax Expense₹0 cr
Net Profit₹-223 cr
Net margin on total income-224.5%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹20 cr6.1%
Employee benefit expense₹17 cr5.4%
Finance costs₹204 cr63.1%
Depreciation & amortisation₹90 L0.3%
Other expenses₹81 cr25.1%
Total income ₹99 cr

The company made a net loss of ₹223 cr this quarter — income covered only 31 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue78 cr50 cr16 cr
Total income99 cr120 cr99 cr
Expenses292 cr891 cr323 cr
Profit before tax-193 cr-771 cr-223 cr
Tax0 cr0 cr0 cr
Net profit (owners' share)-193 cr-768 cr-224 cr
Net margin (owners' share, on revenue)-248.1%
EPS (₹)-26.72-106.42-31.06
YoY (latest quarter): total income -12.1% · net profit
Balance sheet & cash flow · as of Mar 2026
Total assets
₹4,311 cr
Shareholder equity
₹-2,861 cr
parent shareholders
Total debt
₹4,527 cr
Cash
₹22 cr
Cash flow · H1 FY26
Operating
₹375 cr
Investing
₹71 L
Financing
₹-402 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,836₹5.28 L cr32.0
Rail Vikas Nigam Limited₹202₹42,055 cr66.3
Kalpataru Projects International Limited₹1,399₹23,900 cr19.3
IRB Infrastructure Developers Limited₹19₹22,767 cr18.9
NBCC (India) Limited₹82₹22,175 cr36.0
Cemindia Projects Limited₹1,255₹21,563 cr38.3
Engineers India Limited₹264₹14,824 cr23.5
Techno Electric & Engineering Company Limited₹985₹11,452 cr30.7
KEC International Limited₹402₹10,700 cr36.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹3
ex 18 Sep 2014
ActionDetailEx-date
Dividend₹3 / share18 Sep 2014
Dividend₹7 / share17 Sep 2013
Dividend₹7 / share13 Sep 2012
Who owns it · 2026-06-30
58.8% pledged
Promoter
51.0%
FII / Foreign
0.0%
DII / Domestic
0.0%
Retail / others
49.0%
Promoter stake down 24.0% over the last 12 quarters.
Smart-money activity
Insider trades
SoldSasikala Raghupathy · Promoters30.66 L · ₹15.6 cr29 Feb 24
SoldSasikala Raghupathy · Promoters68.50 L · ₹42.8 cr27 Feb 24
SoldSasikala Raghupathy · Promoters68.50 L · ₹42.8 cr27 Feb 24
Bulk / block deals
SoldPARSHVA TRADING · NSE3.87 L @ ₹98.7119 Feb 25
SoldEPITOME TRADING AND INVESTMENTS · NSE4.00 L @ ₹98.1319 Feb 25
BoughtEPITOME TRADING AND INVESTMENTS · NSE5,316 @ ₹103.0519 Feb 25
Stake changes
SoldSasikala Raghupathy · promoter→ 0.00% · 30.66 L29 Feb 24
SoldSasikala Raghupathy · promoter→ 4.25% · 68.50 L28 Feb 24
SoldSasikala Raghupathy · promoter→ 13.74% · 18.11 L26 Feb 24
Promoter pledges
PledgedSBICAP Trustee Company Limited, acting as security trustee for State Bank of India2.16 cr · 0.00% held5 Apr 22
PledgedSBICAP Trustee Company Limited, acting as security trustee for State Bank of India2.16 cr · 0.00% held5 Apr 22
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 26 Sep 2025
See the official result
1
ADOPTION OF AUDITED FINANCIAL STATEMENTS ALONG WITH THE REPORTS OF THE BOARD OF DIRECTORS AND OF THE AUDITORS THEREON
Backed by 100% of shareholders other than promotersneeded 50%
2.20 L votes for, 787 against
2
RE-APPOINTMENT OF MR. GANESAN JEYAKRISHNA (DIN:03208035), A DIRECTOR LIABLE TO RETIRE BY ROTATION
Backed by 99% of shareholders other than promotersneeded 50%
2.20 L votes for, 1,382 against
3
APPOINTMENT OF SECRETARIAL AUDITORS OF THE COMPANY
Backed by 100% of shareholders other than promotersneeded 50%
2.20 L votes for, 857 against
4
RATIFICATION OF COST AUDITOR’S REMUNERATION FOR FY 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
2.20 L votes for, 921 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 4 named members
owning 51.0% between them · as of 2026-06-30
BGR Investment Holdings Company Limited51.00%
Arjun Govind Raghupathyno shares
Sasikala Raghupathyno shares
S K Sridharno shares
Business done with them
FY2025 · 2 of the group
The company paid ₹11 cr to companies in the promoter group last year — about 2.4% of its ₹452 cr revenue.
BGR INVESTMENT HOLDINGS COMPANY LIMITED
Other payments to them · Interest on Loan
also owns 51.00% of the company
₹11 cr
company paid
Sasikala Raghupathy
Other payments to them · Sitting Fees and Royalty
₹26.8 L
company paid

The company also transacted with 11 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.