Bharat Gears
NSE: BHARATGEARBSE: 505688
₹ 106.00▲ 0.27 (+0.26%)9 Oct, 03:29 pm IST
- Market cap
- ₹ 141 Cr.
- P/E
- 9.8x
- P/B
- 1.13x
- 52-week range
- 83.8 – 141.33
- ROE
- 13%
- ROCE
- 18%
- Dividend yield
- 1%
- Debt / equity
- 0.56
- Sector
- Auto Components
- Industry
- Auto Components & Equipments
- Listed on
- NSE, BSE
About
Bharat Gears Limited is a gear manufacturing company, which is a supplier of automotive gear and heat treatment furnaces. The Company's divisions include Gears, Furnaces and BGL Automotive Components. The Gears division includes ring gears and pinions, transmission gears & shafts, differential gears, and value-added sub-assemblies. The Furnace Division is engaged in building batch and continuous heat-treating furnaces. The Automotive Components Division supplies an array of automotive parts, including, automotive clutch and components, turbochargers and components, driveline products, axle shafts, fly wheel assemblies & rings, propeller shaft components, U-J Cross, and others. It also supplies gear to OEMs in India and overseas for different automobile industries, such as heavy, medium and light trucks, utility vehicles, tractors and off-highway. The Company has three manufacturing locations: two in the state of Maharashtra, and one in the state of Haryana.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Auto Components & Equipments: 155 companies →Bharat Gears against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)9.8 against a typical 27.4: cheaper than most peers (1st = cheapest).14th of 153
- Sales growth+19.9% against a typical +20.7% from a year earlier.77th of 142
- Profit growth−90.9% against a typical +15.3% from a year earlier.120th of 127
- Share price, 3 months−25.7% against a typical −4.4%.136th of 142
- Size₹ 141.3 Cr. market value against a typical ₹ 728 Cr. (1st = largest).110th of 138
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB by CAREBBB
DefaultRiskyModerateSafeVery safe
- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE BBB | Stable | 1 Jul 2026 |
| CRISIL | Withdrawn | — | 22 Jan 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 1 Jul 2026 | Reaffirmed | CARE BBB | — | CARE | ₹ 225 Cr. | |
| 24 Mar 2026 | ▲ Upgrade | CARE BBB | — | CARE | ₹ 225 Cr. | |
| 22 Jan 2026 | Withdrawn | — | — | CRISIL | ₹ 226.2 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 30 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that 3/26-27 Meeting of the Board of Directors of the Company is scheduled to be held on October 30, 2026 inter-alia; to consider, approve and take on record the Un-Audited Financial Results of the Company for the quarter ended September 30, 2026.Further to our letter dated September 25, 2026, this is to inform that in terms of the Code for Prevention of Insider Trading read with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for dealing in the shares of the Company for Promoters/Promoter Group/Directors/Key Managerial Personnel/Designated Persons/Connected Persons of the Company shall be closed till Sunday, November 01, 2026.You are requested to take it on your records. |
| 3 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that 2/26-27 Meeting of the Board of Directors of the Company is scheduled to be held on August 03, 2026 inter-alia; to consider, approve and take on record the Un-Audited Financial Results of the Company for the quarter ended June 30, 2026.Further to our letter dated June 25, 2026, this is to inform that in terms of the Code for Prevention of Insider Trading read with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for dealing in the shares of the Company for Promoters/Promoter Group/Directors/Key Managerial Personnel/Designated Persons/Connected Persons of the Company shall be closed till Wednesday, August 05, 2026.You are requested to take it on your records. |
| 30 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that 1/26-27 Meeting of the Board of Directors of the Company is scheduled to be held on May 30, 2026 inter-alia; to consider, approve and take on record the Audited Financial Results of the Company for the quarter and year ended March 31, 2026.Further to our letter dated March 25, 2026, this is to inform that in terms of the Code for Prevention of Insider Trading read with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for dealing in the shares of the Company for Promoters/Promoter Group/Directors/Key Managerial Personnel/Designated Persons/Connected Persons of the Company shall be closed till Monday, June 01, 2026.You are requested to take it on your records. |
| 10 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025;Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that 6/25-26 Meeting of the Board of Directors of the Company is scheduled to be held on February 10, 2026 inter-alia; to consider, approve and take on record the Un-Audited Financial Results of the Company for the quarter ended December 31, 2025.Further to our letter dated December 26, 2025, this is to inform that in terms of the Code for Prevention of Insider Trading read with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for dealing in the shares of the Company for Promoters/Promoter Group/Directors/Key Managerial Personnel/Designated Persons/Connected Persons of the Company shall be closed till Thursday, February 12, 2026.You are requested to take it on your records. |
| 14 Nov 2025 | Financial Results | BHARATGEAR : 14-Nov-2025 : The Company has informed the Exchange that a Board meeting to be held on November 07, 2025 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on November 14, 2025, To consider and approve the financial results for the period ended September 30, 2025We refer to our letter dated October 17, 2025 intimating your good office about the meeting of the Board of Directors of the Company ("the Board") scheduled to be held on Friday, November 07, 2025 inter-alia; to consider, approve and take on record the Un-Audited Financial Results of the Company for the quarter ended September 30, 2025.We now wish to inform you that the Board Meeting scheduled to be held on Friday, November 07, 2025 has been re-scheduled to be held on Friday, November 14, 2025 due to the new matter arisen that requires inclusion in the Agenda and more preparation time.In terms of the above and further to our letter dated September 25, 2025, this is to inform that in terms of the Code for Prevention of Insider Trading read with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for dealing in the shares of the Company for Promoters/Promoter Group/Directors/Key Managerial Personnel/Designated Persons/Connected Persons of the Company which was earlier scheduled to remain closed till Sunday, November 09, 2025, shall now remain closed till Sunday, November 16, 2025.You are requested to take the aforesaid information on your record and acknowledge the receipt of the same. |
| 7 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that 4/25-26 Meeting of the Board of Directors of the Company is scheduled to be held on November 07, 2025 inter-alia; to consider, approve and take on record the Un-Audited Financial Results of the Company for the quarter ended September 30, 2025.Further to our letter dated September 25, 2025, this is to inform that in terms of the Code for Prevention of Insider Trading read with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for dealing in the shares of the Company for Promoters/Promoter Group/Directors/Key Managerial Personnel/Designated Persons/Connected Persons of the Company shall be closed till Sunday, November 09, 2025.You are requested to take it on your records. |
| 29 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025: Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that 3/25-26 Meeting of the Board of Directors of the Company is scheduled to be held on July 29, 2025 inter-alia; to consider, approve and take on record the Un-Audited Financial Results of the Company for the quarter ended June 30, 2025.Further to our letter dated June 25, 2025, this is to inform that in terms of the Code for Prevention of Insider Trading read with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for dealing in the shares of the Company for Promoters/Promoter Group/Directors/Key Managerial Personnel/Designated Persons/Connected Persons of the Company shall be closed till Thursday, July 31, 2025.You are requested to take it on your records. |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 179 | 143 | 171 | 166 | 165 | 142 | 175 | 180 | 205 | 189 | 210 | 216 |
| Expenses | 172 | 142 | 163 | 158 | 157 | 145 | 162 | 170 | 188 | 177 | 197 | 208 |
| Operating Profit | 7 | 1 | 7 | 8 | 8 | −3 | 13 | 10 | 17 | 12 | 13 | 8 |
| OPM % | 3.9% | 0.6% | 4.3% | 4.5% | 4.7% | −1.8% | 7.2% | 5.5% | 8.3% | 6.3% | 6.4% | 3.8% |
| Other Income | 1 | 2 | 0 | 0 | 18 | 0 | 1 | 2 | 2 | 1 | 2 | 0 |
| Interest | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 |
| Depreciation | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 5 | 5 |
| Profit before tax | −2 | −7 | −2 | −2 | 16 | −13 | 3 | 2 | 10 | 3 | 7 | 0 |
| Tax % | −29.1% | −23.3% | −22.3% | −25.5% | 12.6% | −18.5% | 50.7% | 24.9% | 24.4% | 24.9% | 25.9% | 25% |
| Net Profit | −2 | −6 | −2 | −2 | 14 | −10 | 2 | 2 | 7 | 3 | 5 | 0 |
| EPS in Rs | −1.13 | −3.58 | −1.13 | −1.18 | 8.84 | −6.7 | 1.11 | 1.07 | 4.7 | 1.67 | 3.3 | 0.1 |
Growth and returns
Compounded yearly rates over each period.
Compounded Sales Growth
- 10 Years
- 7%
- 5 Years
- 9%
- 3 Years
- 1%
- TTM
- 24%
Compounded Profit Growth
- 10 Years
- 53%
- 5 Years
- 32%
- 3 Years
- 7%
- TTM
- 282%
Stock Price CAGR
- 10 Years
- 7%
- 5 Years
- 5%
- 3 Years
- −5%
- TTM
- —
Return on Equity
- 10 Years
- 2%
- 5 Years
- 5%
- 3 Years
- −3%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
P/E 9.8xEPS (12 months) ₹ 9.78Median P/E 9.7x
P/E (times)EPS (₹)
Peers
Listed companies in the same business.
| Bharat Gears | ₹ 106.00 | ₹ 141 Cr. | 9.8x | 1.1x | 13% | — |
| Samvardhana Motherson International | ₹ 151.00 | ₹ 1,59,367 Cr. | 35.1x | 3.7x | 10.2% | 3.2% |
| Cummins India | ₹ 4,338.90 | ₹ 1,20,274 Cr. | 62.3x | 17.8x | 29.5% | 19.5% |
| Bosch | ₹ 44,045.85 | ₹ 1,29,918 Cr. | 51.3x | 8.1x | 19.4% | 13.8% |
| UNO Minda | ₹ 1,052.00 | ₹ 60,749 Cr. | 54.8x | 9.8x | 19.1% | 6.5% |
| Sona Blw Precision Forgings | ₹ 752.80 | ₹ 46,984 Cr. | 64.6x | 7.3x | 11.2% | 14.1% |
Management
- Surinder Pal Kanwar
- Executive Chairman of the Board, Managing Director
- Milind Pujari
- Chief Financial Officer
- Prashant Khattry
- Compliance Officer, Group Head - Legal, Company Secretary
- Sameer Kanwar
- Joint Managing Director, Executive Director
- Sandeep Bathla
- Head - Operations
- K. K. Deshpande
- Head - OE- Marketing & Business Development
- P. C. Kothari
- Head - Finance & Accounting
- Sanjeev Kumar Mital
- Head - Materials & Central Purchase
Prices are delayed and for information only. Nothing on this page is investment advice.