BHARATSEConsumer Discretionary

Bharat Seats Limited

Auto Components & Equipments · ISIN INE415D01024 · BSE 523229 · NSE EQ · FV ₹2
Last price
₹207
+3.08%today
What this company does

Bharat Seats Limited operates in Auto Components & Equipments, part of the Consumer Discretionary sector. It booked ₹709 cr of revenue in its latest quarter (Q2 FY27) and kept 2.1% of sales as profit.

In the report:
65out of 100
Equitytale Health Score
Solid

Healthier than 65% of companies in Consumer Discretionary, on the 5 of 6 measures we could read for it. Each measure is ranked against the 323–428 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)
47

At close. Not part of the score.

Profitability & returns77

How much profit it earns on the money it employs

Balance sheet56

How much it owes, and whether earnings cover the interest

Cash quality70

Whether reported profit actually arrives as cash

Valuation30

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

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

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 55% vs last year
✓ Profit up 54% vs last year
✓ Promoters hold 75%
✓ No promoter shares pledged
✓ Strong 24% return on equity
✓ Turns profit into real cash
Watch-outs
! Thin 2.1% net margin

What if I invest in BHARATSE?

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 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. 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 We do not publish price targets or predict returns.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
₹207▲ +3.08%
latest close · 2026-11-04
52-wk low ₹17874 sessions so far52-wk high ₹254
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 ratio21.4Average
LowAverageHigh
P/B ratio5.22High
Below bookModerateHigh
EV / EBITDA10.3Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity24.5%Strong
WeakFairStrong ▸15%
Return on capital26.2%Strong
WeakFairStrong
Net margin2.1%Thin
ThinDecentStrong
EBITDA margin4.6%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.23Comfortable
LowModerateHigh ▸1
Interest cover10.1×Strong
RiskyOkayStrong ▸5×
Current ratio0.85Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹1,298 cr
Book value
₹40
EPS
₹2.42
latest quarter
Net debt
₹57 cr
owes more than its cash
Enterprise value
₹1,355 cr
EBITDA
₹131 cr
annualised
EBIT
₹92 cr
annualised
Operating margin
3.2%
Return on assets
7.6%
Earnings yield
4.68%
P/S
0.46
Sales / share
₹451.7
Tax rate
26.3%
Face value
₹2
Shares
6.3 cr
Working capital
₹-65 cr
Current assets
₹382 cr
Current liabilities
₹447 cr
Delivery %
38.8%
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
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹54–₹68, midpoint ₹61

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₹709 cr
Other Income₹86.1 L
Total Income₹710 cr
Cost of Materials₹618 cr
Purchases of Stock-in-Trade₹7 cr
Inventory Change (±)₹56.2 L
Employee Benefit Expense₹19 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹10 cr
Other Expenses₹33 cr
Total Expenses₹689 cr
Profit before Tax₹21 cr
Tax Expense₹5 cr
Net Profit₹15 cr
Net margin on total income2.1%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹626 cr88.1%
Employee benefit expense₹19 cr2.7%
Finance costs₹2 cr0.3%
Depreciation & amortisation₹10 cr1.4%
Other expenses₹33 cr4.6%
Tax expense₹5 cr0.8%
Profit for the period₹15 cr2.1%
Total income ₹710 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue574 cr578 cr709 cr
Total income575 cr579 cr710 cr
Expenses556 cr561 cr689 cr
Profit before tax19 cr18 cr21 cr
Tax5 cr5 cr5 cr
Net profit (owners' share)13 cr13 cr15 cr
Net margin (owners' share, on revenue)2.3%2.3%2.1%
EPS (₹)2.112.102.42
YoY (latest quarter): total income +53.9% · net profit +53.5%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹797 cr
Shareholder equity
₹249 cr
parent shareholders
Total debt
₹58 cr
Cash
₹2 cr
Cash flow · H1 FY27
Operating
₹41 cr
Investing
₹-48 cr
Financing
₹-6 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
0.73%
trailing 12 months
Dividend / share (TTM)
₹1.5
Last dividend
₹1.5
ex 17 Jul 2026
ActionDetailEx-date
Dividend₹1.5 / share17 Jul 2026
Dividend₹1.1 / share2 Jul 2025
Bonus issue1:120 Dec 2024
Dividend₹1.6 / share11 Jul 2024
Dividend₹1.4 / share11 Jul 2023
Dividend₹0.8 / share20 Jun 2022
Who owns it · 2026-09-30
No pledge
Promoter
74.7%
FII / Foreign
0.1%
DII / Domestic
0.2%
Retail / others
25.1%
Promoter stake up 0.1% over the last 8 quarters.
Smart-money activity
Insider trades
SoldRishabh Relan · Promoter Group7.46 L26 Sep 25
BoughtRohit Relan Family Trust · Promoters1.03 cr26 Sep 25
SoldRohit Relan · Promoters76.58 L26 Sep 25
Bulk / block deals
SoldHRTI PRIVATE LIMITED · NSE3.39 L @ ₹249.929 Jul 26
BoughtHRTI PRIVATE LIMITED · NSE3.25 L @ ₹247.549 Jul 26
SoldJUNOMONETA FINSOL PRIVATE LIMITED · NSE4.21 L @ ₹244.993 Jul 26
Stake changes
BoughtRohit Relan Family Trust→ 16.38% · 1.03 cr26 Sep 25
BoughtRohit Relan Family Trust→ 16.38% · 1.03 cr26 Sep 25
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.

Postal ballot · 8 Oct 2026
See the official result
1
To appoint Mr. Vipin Garg (DIN:10985209) as Nominee Director of Maruti Suzuki India Limited, in the category of Non-Executive and Non-Independent Director of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
5.90 L votes for, 2,629 against · 0% of mutual funds and other big investors said no
2
To approve the appointment of Mr. Arvind Kapur (DIN: 00096308) as an Independent and Non-Executive Director
Backed by 99% of shareholders other than promotersneeded 75%
5.89 L votes for, 3,399 against · 0% of mutual funds and other big investors said no
3
To enhance the Borrowing powers of the Company
Backed by 99% of shareholders other than promotersneeded 75%
5.89 L votes for, 3,504 against · 0% of mutual funds and other big investors said no
4
Creation of charges, mortgages, hypothecation on the immovable and movable properties of the Company under Section 180(1)(a) of the Companies Act, 2013
Backed by 100% of shareholders other than promotersneeded 75%
5.90 L votes for, 2,758 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 — 9 named members
owning 74.7% between them · as of 2026-09-30
NDR AUTO COMPONENTS LIMITED28.66%
Rohit Relan Family Trust (Mr. Rohit Relan, Ms. Ritu Relan, Mr. Rishabh Relan, Mr. Pranav Relan and Mr. Ayush Relan are Trustees)16.38%
MARUTI SUZUKI INDIA LTD14.81%
SUZUKI MOTOR CORPORATION14.81%
AYUSH RELANno shares
PRANAV RELANno shares
RISHABH RELANno shares
RITU RELANno 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.