BHARATGEARConsumer Discretionary

Bharat Gears Limited

Auto Components & Equipments · ISIN INE561C01019 · BSE 505688 · NSE EQ · FV ₹10
Last price
₹99
+2.37%today
What this company does

Bharat Gears Limited operates in Auto Components & Equipments, part of the Consumer Discretionary sector. It booked ₹238 cr of revenue in its latest quarter (Q2 FY27) and kept 1.7% of sales as profit.

“Advancing with Precision, Scaling with Purpose With over 50 years of proven expertise in gear technology, Bharat Gears Limited (BGL) is among India’s leading gear manufacturers and a prominent global player.”
Their stated vision

“to build a smarter and more sustainable future for our stakeholders and the world around us.”

In the report:
63out of 100
Equitytale Health Score
Mixed

Healthier than 63% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 178–428 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)
43

At close. Not part of the score.

Profitability & returns62

How much profit it earns on the money it employs

Balance sheet38

How much it owes, and whether earnings cover the interest

Cash quality78

Whether reported profit actually arrives as cash

Growth & consistency51

Whether sales and profit have grown, and how steadily

Valuation72

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 16% vs last year
✓ Promoters hold 55%
✓ No promoter shares pledged
✓ Turns profit into real cash
Watch-outs
! Thin 1.7% net margin
! Profit down 43% vs last year

What if I invest in BHARATGEAR?

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 1% a year, it would become
₹12.62 lakh

The slider starts at 1%, taken from this company's own free-cash-flow trend. That is history, not a forecast — 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 We do not publish price targets or predict returns.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
₹99▲ +2.37%
latest close · 2026-11-04
1-year return
-14.5%
52-wk low ₹8052-wk high ₹132
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio9.3Low
LowAverageHigh
P/B ratio1.14Moderate
Below bookModerateHigh
EV / EBITDA3.8Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity12.2%Fair
WeakFairStrong ▸15%
Return on capital18.5%Strong
WeakFairStrong
Net margin1.7%Thin
ThinDecentStrong
EBITDA margin5.8%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.44Comfortable
LowModerateHigh ▸1
Interest cover2.6×Okay
RiskyOkayStrong ▸5×
Current ratio1.18Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹152 cr
Book value
₹87
EPS
₹2.67
latest quarter
Net debt
₹59 cr
owes more than its cash
Enterprise value
₹211 cr
EBITDA
₹55 cr
annualised
EBIT
₹36 cr
annualised
Operating margin
3.7%
Return on assets
3.6%
Earnings yield
10.79%
P/S
0.16
Sales / share
₹620.4
Tax rate
24.6%
Face value
₹10
Shares
1.5 cr
Working capital
₹47 cr
Current assets
₹313 cr
Current liabilities
₹266 cr
Delivery %
63.8%
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 2026-11-04.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹58–₹100, midpoint ₹79

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 · Q2 FY27 (consolidated)
Revenue from Operations₹238 cr
Other Income₹93.5 L
Total Income₹239 cr
Cost of Materials₹130 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-8 cr
Employee Benefit Expense₹38 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹5 cr
Other Expenses₹65 cr
Total Expenses₹234 cr
Profit before Tax₹5 cr
Tax Expense₹1 cr
Net Profit₹4 cr
Net margin on total income1.7%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹122 cr51.1%
Employee benefit expense₹38 cr15.9%
Finance costs₹3 cr1.5%
Depreciation & amortisation₹5 cr2.0%
Other expenses₹65 cr27.2%
Tax expense₹1 cr0.6%
Profit for the period₹4 cr1.7%
Total income ₹239 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue210 cr216 cr238 cr
Total income212 cr216 cr239 cr
Expenses206 cr216 cr234 cr
Profit before tax7 cr19.9 L5 cr
Tax2 cr5.1 L1 cr
Net profit (owners' share)5 cr14.9 L4 cr
Net margin (owners' share, on revenue)2.4%0.1%1.7%
EPS (₹)3.300.102.67
YoY (latest quarter): total income +15.7% · net profit -43.3%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹459 cr
Shareholder equity
₹134 cr
parent shareholders
Total debt
₹59 cr
Cash
₹7.5 L
Cash flow · H1 FY27
Operating
₹23 cr
Investing
₹-13 cr
Financing
₹-10 cr
Peer comparison
Auto Components & Equipments · by market value
CompanyPriceMarket capP/E
Samvardhana Motherson International Limited₹160₹1.69 L cr40.8
Bosch Limited₹49,645₹1.46 L cr51.8
Bharat Forge Limited₹1,777₹84,979 cr—
UNO Minda Limited₹1,125₹64,934 cr54.9
Sona BLW Precision Forgings Limited₹900₹56,172 cr62.8
Schaeffler India Limited₹3,525₹55,091 cr39.5
Tube Investments of India Limited₹2,190₹42,398 cr62.9
Endurance Technologies Limited₹2,410₹33,898 cr34.7
Exide Industries Limited₹346₹29,431 cr21.0
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.01%
trailing 12 months
Dividend / share (TTM)
₹1
Last dividend
₹1
ex 6 Aug 2026
ActionDetailEx-date
Dividend₹1 / share6 Aug 2026
Bonus issue2:127 Sep 2022
Rights issue10:128 Oct 2021
Dividend₹1 / share29 Jul 2019
Rights issue7:12 Apr 2019
Dividend₹1 / share24 Jul 2014
Who owns it · 2026-09-30
No pledge
Promoter
55.3%
FII / Foreign
1.2%
DII / Domestic
0.0%
Retail / others
43.4%
Smart-money activity
Insider trades
BoughtViney Uppal · Promoter Immediate Relative33,215 · ₹35.1 L6 Aug 26
BoughtViney Uppal · Promoter Immediate Relative33,215 · ₹35.1 L6 Aug 26
BoughtNARESH VERMA · -500 · ₹55,0001 Dec 25
Bulk / block deals
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE98,735 @ ₹130.0316 Jun 26
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE98,735 @ ₹130.1516 Jun 26
SoldANKITA VISHAL SHAH · NSE84,459 @ ₹136.8116 Jun 26
Stake changes
BoughtMr. Surinder Paul Kanwar · promoter→ 40.00% · 4.20 L15 Dec 21
BoughtClip-Lok Simpak (India) Private Limited · promoter→ 0.93% · 95,00015 Dec 21
BoughtUltra Consultants Private ltd · promoter→ 15.16% · 6.45 L30 Dec 19
What shareholders were asked to approve
2 proposals passed only on promoter votes

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 · 13 Aug 2026
See the official result
1
To receive, consider and adopt the financial statements of the Company for the year ended 31 March, 2026 together with Reports of the Directors and Auditors thereon.
Backed by 64% of shareholders other than promotersneeded 50%
2.08 L votes for, 1.17 L against · 0% of mutual funds and other big investors said no
2
To declare dividend of Rs. 1.00 per equity share of face value of Rs. 10 each for the financial year 2025-26.
Backed by 64% of shareholders other than promotersneeded 50%
2.08 L votes for, 1.17 L against · 0% of mutual funds and other big investors said no
3
To consider the appointment of Mr. Naresh Kumar Verma as Executive Director-Operations of the Company.
⚑ Passed only because promoters voted yes
Backed by 64% of shareholders other than promotersneeded 75%
2.08 L votes for, 1.17 L against · 0% of mutual funds and other big investors said no
4
To consider the ratification of the remuneration payable to M/s M.K. Kulshrestha & Associates, Cost Auditors of the Company for the Financial Year 2026-27.
Backed by 64% of shareholders other than promotersneeded 50%
2.08 L votes for, 1.17 L against · 0% of mutual funds and other big investors said no

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 — 15 named members
owning 55.3% between them · as of 2026-09-30
Surinder Paul Kanwar37.00%
Ultra Consultants Private Limited14.09%
Raunaq International Limited (Formerly Known as Raunaq EPC International Limited)1.69%
Vibrant Reality Infra Private Limited (FormerlyKnownasVibrantFinanceandInvestmentPrivateLimited)1.44%
Clip-Lok Simpak (India) Private Limited1.10%
Late Dr. Raunaq Singh0.01%
Sachit Kanwar0.01%
Akasa Design Studio LLPno shares

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.