Bharat Seats
- Market cap
- ₹ 1,142 Cr.
- P/E
- 24.2x
- P/B
- 5.18x
- 52-week range
- 133.6 – 263.18
- ROE
- 20%
- ROCE
- 20%
- Dividend yield
- 0.8%
- Debt / equity
- 0.48
- Sector
- Auto Components
- Industry
- Auto Components & Equipments
- Listed on
- NSE, BSE
About
Bharat Seats Limited is an India-based company, which is engaged in manufacturing of seating systems, molded carpets and extruded components for the car market, Maruti Suzuki India Limited and Suzuki Motor Gujarat Private Limited, as well as seats and frames for Suzuki Motorcycle India Pvt. Ltd. The Company's product range includes seats, noise, vibration and harshness (NVH) products, body sealing parts and metal range. The Company offers four-wheeler seats and floor carpets, two-wheeler seats and seating system for Indian Railways. It offers a range of body sealing parts, such as windshield molding and roof molding for four wheelers and two wheelers. The Company offers complete seating systems for passenger cars, as well as utility vehicles. It also offers two-wheeler frame parts. The Company operates over five manufacturing facilities spread across India, which are located in Haryana and Gujarat.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Auto Components & Equipments: 155 companies →Bharat Seats 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)24.2 against a typical 26.6: cheaper than most peers (1st = cheapest).69th of 153
- Sales growth+35.4% against a typical +20.7% from a year earlier.35th of 142
- Profit growth+44.4% against a typical +15.3% from a year earlier.45th of 127
- Share price, 3 months−2.3% against a typical −4.5%.59th of 142
- Size₹ 1,141.8 Cr. market value against a typical ₹ 728 Cr. (1st = largest).60th of 138
Latest announcements
Exchange filings and their impact on the company.
- Q2 FY27 results approved with clean review; to invest Rs 0.99 cr for 26% in captive solar SPV.
Bharat Seats reported its unaudited results for the quarter and half year ended September 30, 2026, with auditors giving a clean review conclusion, though noting uncertainty from an earlier Income Tax search. The board also approved a Rs 99 lakh investment for a 26% stake in a new solar special purpose vehicle for captive power in Haryana, targeted by Q1 FY28. The company will also seek shareholder approval via postal ballot to raise the limit for related party transactions with NDR Auto Components.
- Shareholders approved two director appointments and higher borrowing limits.
Bharat Seats said shareholders approved four resolutions via postal ballot on October 9, 2026. Maruti Suzuki executive Vipin Garg was appointed as Non-Executive Nominee Director and Rico Auto chief Arvind Kapur was appointed as Independent Director for five years to October 2031. Shareholders also approved enhancement of borrowing powers and creation of charges on company properties.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A+ by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]A+ | Stable | 25 Sep 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 25 Sep 2026 | ▲ Upgrade | [ICRA]A+ | — | ICRA | ₹ 118.96 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 27 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 4 Aug 2026 | Financial Results | To consider and approve the unaudited financial results for the period ended June 30, 2026 |
| 6 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 3 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 5 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 29 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
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 | 286 | 250 | 278 | 299 | 291 | 306 | 393 | 427 | 459 | 491 | 574 | 578 |
| Expenses | 269 | 235 | 261 | 282 | 273 | 288 | 370 | 405 | 436 | 466 | 545 | 550 |
| Operating Profit | 17 | 15 | 17 | 17 | 18 | 19 | 23 | 22 | 23 | 25 | 30 | 28 |
| OPM % | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 5% | 4.9% | 5% | 5% | 4.9% |
| Other Income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 0 | 1 | 1 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 |
| Depreciation | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 8 | 9 | 9 | 9 | 9 |
| Profit before tax | 9 | 8 | 11 | 9 | 10 | 10 | 15 | 12 | 13 | 13 | 19 | 18 |
| Tax % | 25% | 27% | 23% | 26% | 26% | 26% | 25% | 26% | 26% | 26% | 28% | 25% |
| Net Profit | 7 | 6 | 8 | 7 | 7 | 8 | 11 | 9 | 10 | 10 | 13 | 13 |
| EPS in Rs | 1.08 | 0.88 | 1.29 | 1.05 | 1.13 | 1.21 | 1.81 | 1.46 | 1.58 | 1.58 | 2.11 | 2.1 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 11%
- 5 Years
- 29%
- 3 Years
- 23%
- TTM
- 48%
- 10 Years
- 19%
- 5 Years
- 57%
- 3 Years
- 26%
- TTM
- 34%
- 10 Years
- 27%
- 5 Years
- 41%
- 3 Years
- 54%
- TTM
- —
- 10 Years
- 17%
- 5 Years
- 17%
- 3 Years
- 18%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Bharat Seats | ₹ 204.00 | ₹ 1,142 Cr. | 24.2x | 5.2x | 20% | — |
| 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
- Rohit Relan
- Chairman of the Board, Managing Director
- Rajiv Arora
- President, Chief Executive Officer, Additional Whole Time Director
- Vinod Kumar
- Chief General Manager and Chief Financial Officer
- Ritu Bakshi
- Compliance Officer, Company Secretary
- Rishabh Relan
- Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.