About
Bharat Gears Limited manufactures and supplies automotive gear in India, the United States, Mexico, Spain, and internationally. The company provides gear products, such as ring gears, pinions, transmission gears, shafts, differential gears, and bevel gears; automotive components, including automotive clutch assemblies and components, turbochargers and related parts, driveline products, axle shafts, flywheel assemblies and rings, propeller shaft components, U-J Cross, steering components, differential cages, steel wheel rims, turbocharger core and rotor, ST. Bevel, ceramic button, and break lining; heat-treating furnaces; and precision machined components, shafts, fasteners, gears, castings, and forgings. It also offers single/multi-row pusher carburisng furnaces, rotary hearth furnaces, other heat-treating equipment and systems, and capabilities; and other heat-treating equipment and systems, such as conveyor mesh belt furnace lines, rotary retort furnaces, pusher furnaces for general applications, automation and handling systems, atmosphere systems, endothermic gas generators, and process control/ SCADA systems. The company serves original equipment manufacturers, as well as the automotive, agriculture, construction, utilities, and EV segments. Bharat Gears Limited was incorporated in 1971 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap158 Cr
P/E10.50
Div Yield0.97 %
Book Value₹85.40
52w High₹154.00
52w Low₹83.60
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 215.65 | 210.29 | 189.35 | 204.74 | 179.80 | 174.86 | 142.08 | 164.58 | 166.01 | 170.77 | 142.78 | 179.02 | 170.48 |
| Expenses | 207.53 | 196.89 | 177.36 | 187.70 | 169.96 | 162.27 | 144.65 | 156.85 | 158.48 | 163.47 | 141.99 | 172.11 | 161.94 |
| Operating Profit | 8.12 | 13.40 | 11.99 | 17.04 | 9.84 | 12.59 | -2.57 | 7.73 | 7.53 | 7.30 | 0.79 | 6.91 | 8.54 |
| OPM % | 3.77 | 6.37 | 6.33 | 8.32 | 5.47 | 7.20 | -1.81 | 4.70 | 4.54 | 4.27 | 0.55 | 3.86 | 5.01 |
| Other Income | 0.41 | 2.14 | 0.52 | 1.90 | 1.78 | 0.66 | 0.28 | 18.12 | 0.29 | 0.48 | 1.99 | 0.74 | 0.41 |
| Depreciation | 5.08 | 5.31 | 5.72 | 5.79 | 5.75 | 5.75 | 6.04 | 5.99 | 5.86 | 5.67 | 5.62 | 5.71 | 5.55 |
| Interest | 3.25 | 3.39 | 3.37 | 3.59 | 3.66 | 4.05 | 4.30 | 4.33 | 4.39 | 4.35 | 4.33 | 4.38 | 4.42 |
| Profit before tax | 0.20 | 6.84 | 3.42 | 9.56 | 2.21 | 3.45 | -12.63 | 15.53 | -2.43 | -2.24 | -7.17 | -2.44 | -1.02 |
| Tax % | 25.00 | 25.88 | 24.85 | 24.37 | 24.89 | 50.72 | -18.53 | 12.56 | -25.51 | -22.32 | -23.29 | -29.10 | -25.49 |
| Net Profit | 0.15 | 5.07 | 2.57 | 7.22 | 1.65 | 1.71 | -10.29 | 13.58 | -1.81 | -1.74 | -5.50 | -1.73 | -0.76 |
| EPS in Rs | 0.10 | 3.30 | 1.67 | 4.70 | 1.07 | 1.11 | -6.70 | 8.84 | -1.18 | -1.13 | -3.58 | -1.13 | -0.49 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 784.00 | 648.00 | 663.00 | 766.00 | 729.00 | 503.00 | 463.00 | 594.00 | 508.00 | 407.00 | 398.00 | 415.00 |
| Expenses | 732.00 | 622.00 | 639.00 | 720.00 | 664.00 | 467.00 | 444.00 | 536.00 | 465.00 | 379.00 | 367.00 | 393.00 |
| Operating Profit | 52.00 | 25.00 | 24.00 | 46.00 | 66.00 | 36.00 | 19.00 | 59.00 | 43.00 | 28.00 | 31.00 | 22.00 |
| OPM % | 7.00 | 3.90 | 3.60 | 6.00 | 9.00 | 7.00 | 4.00 | 10.00 | 8.00 | 7.00 | 8.00 | 5.00 |
| Other Income | 6.00 | 19.00 | 3.00 | 9.00 | 7.00 | 1.00 | 5.00 | 4.00 | 2.00 | 1.00 | 2.00 | 2.00 |
| Interest | 14.00 | 17.00 | 17.00 | 17.00 | 18.00 | 23.00 | 22.00 | 22.00 | 17.00 | 15.00 | 16.00 | 16.00 |
| Depreciation | 23.00 | 24.00 | 23.00 | 20.00 | 20.00 | 24.00 | 27.00 | 22.00 | 18.00 | 17.00 | 16.00 | 14.00 |
| Profit before tax | 22.00 | 4.00 | -13.00 | 18.00 | 34.00 | -10.00 | -25.00 | 19.00 | 9.00 | -2.00 | 1.00 | -6.00 |
| Tax % | 25.00 | 19.00 | -24.00 | 23.00 | 24.00 | -20.00 | -24.00 | 36.00 | 32.00 | -36.00 | 54.00 | -35.00 |
| Net Profit | 16.00 | 3.00 | -10.00 | 13.00 | 26.00 | -8.00 | -19.00 | 13.00 | 6.00 | -1.00 | 0.00 | -4.00 |
| EPS in Rs | 10.75 | 2.08 | -6.34 | 8.78 | 16.78 | -5.00 | -12.19 | 8.19 | 4.12 | -0.99 | 0.16 | -2.86 |
| Dividend Payout % | 9.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15.00 | 15.00 | 15.00 | 15.00 | 10.00 | 9.00 | 9.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 |
| Reserves | 116.00 | 98.00 | 95.00 | 105.00 | 98.00 | 65.00 | 70.00 | 80.00 | 70.00 | 59.00 | 63.00 | 63.00 |
| Borrowings | 73.00 | 80.00 | 113.00 | 116.00 | 107.00 | 118.00 | 152.00 | 162.00 | 134.00 | 112.00 | 98.00 | 100.00 |
| Other Liabilities | 197.00 | 172.00 | 162.00 | 171.00 | 189.00 | 192.00 | 143.00 | 170.00 | 154.00 | 112.00 | 99.00 | 125.00 |
| Total Liabilities | 401.00 | 364.00 | 385.00 | 407.00 | 404.00 | 384.00 | 374.00 | 420.00 | 366.00 | 291.00 | 268.00 | 295.00 |
| Fixed Assets | 116.00 | 128.00 | 133.00 | 132.00 | 118.00 | 134.00 | 150.00 | 145.00 | 113.00 | 103.00 | 115.00 | 129.00 |
| CWIP | 4.00 | 2.00 | 5.00 | 2.00 | 1.00 | 1.00 | 2.00 | 10.00 | 2.00 | 2.00 | 3.00 | 2.00 |
| Investments | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 280.00 | 232.00 | 247.00 | 272.00 | 285.00 | 249.00 | 222.00 | 264.00 | 250.00 | 186.00 | 150.00 | 165.00 |
| Total Assets | 401.00 | 364.00 | 385.00 | 407.00 | 404.00 | 384.00 | 374.00 | 420.00 | 366.00 | 291.00 | 268.00 | 295.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 29.00 | 49.00 | 47.00 | 42.00 | 30.00 | 59.00 | 54.00 | 50.00 | 6.00 | 20.00 | 23.00 | 20.00 |
| Cash from Investing Activity | -8.00 | 2.00 | -13.00 | -26.00 | -5.00 | -2.00 | -29.00 | -56.00 | -21.00 | -5.00 | -7.00 | -5.00 |
| Cash from Financing Activity | -31.00 | -51.00 | -37.00 | -3.00 | -32.00 | -57.00 | -20.00 | -5.00 | 27.00 | -18.00 | -16.00 | -15.00 |
| Net Cash Flow | -10.00 | 0.00 | -4.00 | 13.00 | -7.00 | 0.00 | 4.00 | -11.00 | 12.00 | -3.00 | 0.00 | 0.00 |
| Free Cash Flow | 19.00 | 52.00 | 33.00 | 16.00 | 26.00 | 55.00 | 23.00 | -5.00 | -15.00 | 15.00 | 16.00 | 15.00 |
| CFO/OP % | 61.00 | 189.00 | 203.00 | 102.00 | 53.00 | 166.00 | 287.00 | 100.00 | 16.00 | 66.00 | 77.00 | 93.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 53.00 | 55.00 | 64.00 | 58.00 | 72.00 | 77.00 | 81.00 | 71.00 | 92.00 | 83.00 | 58.00 | 63.00 |
| Inventory Days | 89.00 | 99.00 | 84.00 | 89.00 | 89.00 | 133.00 | 120.00 | 125.00 | 119.00 | 123.00 | 112.00 | 120.00 |
| Days Payable | 132.00 | 135.00 | 124.00 | 118.00 | 148.00 | 229.00 | 167.00 | 155.00 | 181.00 | 175.00 | 148.00 | 178.00 |
| Cash Conversion Cycle | 11.00 | 19.00 | 24.00 | 30.00 | 13.00 | -20.00 | 33.00 | 41.00 | 30.00 | 31.00 | 22.00 | 6.00 |
| Working Capital Days | 19.00 | 16.00 | 21.00 | 34.00 | 28.00 | 10.00 | 12.00 | 11.00 | 32.00 | 1.00 | 4.00 | -8.00 |
| ROCE % | 18.00 | 2.00 | 2.00 | 15.00 | 24.00 | 6.00 | -1.00 | 18.00 | 13.00 | 7.00 | 10.00 | 6.00 |
Corporate Actions
21 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 06 Aug 2026 | 06 Aug 2026 | — | 1.00 | |
| Bonus | 27 Sep 2022 | 28 Sep 2022 | 1:2 | — | |
| Rights | 28 Oct 2021 | 29 Oct 2021 | 1:10 | — | |
| Other | 28 Oct 2021 | 29 Oct 2021 | — | — | Right Issue of Equity Shares |
| Dividend | 29 Jul 2019 | 30 Jul 2019 | — | 1.00 | |
| Rights | 02 Apr 2019 | 03 Apr 2019 | 1:7 | — | |
| Other | 02 Apr 2019 | 03 Apr 2019 | — | — | Right Issue of Equity Shares |
| Other | 23 Jul 2015 | — | — | — | Annual General Meeting |
| Dividend | 24 Jul 2014 | — | — | 1.00 | |
| Dividend | 25 Jul 2013 | — | — | 1.80 | |
| Dividend | 18 Jul 2012 | — | — | 1.80 | |
| Dividend | 19 Jul 2011 | — | — | 1.50 | |
| Dividend | 26 Jul 2010 | — | — | 1.20 | |
| Dividend | 21 Jul 2009 | — | — | 1.00 | |
| Dividend | 21 Jul 2008 | — | — | 1.00 | |
| Other | 17 Jul 2007 | — | — | — | Agm |
| Other | 11 Jul 2006 | — | — | — | Agm |
| Other | 15 May 2006 | 22 May 2006 | — | — | Right Issue of Equity Shares |
| Other | 15 May 2006 | 22 May 2006 | — | — | Rigths-Eq 3:10@Prem Rs.30 |
| Other | 20 Jul 2005 | — | — | — | Agm |
| Other | 15 Feb 2001 | 06 Mar 2001 | — | — | Voluntary Delisting of Shares |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update1 Jul from care
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Rating update24 Mar from care
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Rating update22 Jan from crisil
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Rating update7 Jul 2025 from care
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Rating update13 Mar 2025 from crisil
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Rating update19 Sep 2024 from care