About
Bharat Seats Limited manufactures and sells seating systems and moulded carpets and extruded components for the automotive and surface transport industries in India. It offers seats for four-wheeler, two-wheeler, and railway chair cars; carpets; roof and windshield modeling products; and two-wheeler frame parts. The company also offers NVH components like floor carpet, silencer dash inner, silencer dash outer, motor cover under, fender lining, wheel housing cover for passenger cars; and design & development of rear doors for passenger cars. The company was incorporated in 1986 and is based in Gurugram, India.
Key Metrics
as of Sep 2026Market Cap1,329 Cr
P/E28.10
Div Yield0.71 %
Book Value₹36.60
52w High₹264.00
52w Low₹133.00
Face Value₹2.00
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 | 578.00 | 574.00 | 491.00 | 459.00 | 427.00 | 393.00 | 306.00 | 291.00 | 299.00 | 278.00 | 250.00 | 286.00 | 253.00 |
| Expenses | 550.00 | 545.00 | 466.00 | 436.00 | 405.00 | 370.00 | 288.00 | 273.00 | 282.00 | 261.00 | 235.00 | 269.00 | 241.00 |
| Operating Profit | 28.00 | 30.00 | 25.00 | 23.00 | 22.00 | 23.00 | 19.00 | 18.00 | 17.00 | 17.00 | 15.00 | 17.00 | 12.00 |
| OPM % | 4.90 | 5.00 | 5.00 | 4.90 | 5.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 4.80 |
| Other Income | 1.00 | 1.00 | 0.00 | 3.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Depreciation | 9.00 | 9.00 | 9.00 | 9.00 | 8.00 | 7.00 | 7.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 5.00 |
| Interest | 2.00 | 2.00 | 2.00 | 3.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 |
| Profit before tax | 18.00 | 19.00 | 13.00 | 13.00 | 12.00 | 15.00 | 10.00 | 10.00 | 9.00 | 11.00 | 8.00 | 9.00 | 6.00 |
| Tax % | 25.00 | 28.00 | 26.00 | 26.00 | 26.00 | 25.00 | 26.00 | 26.00 | 26.00 | 23.00 | 27.00 | 25.00 | 27.00 |
| Net Profit | 13.00 | 13.00 | 10.00 | 10.00 | 9.00 | 11.00 | 8.00 | 7.00 | 7.00 | 8.00 | 6.00 | 7.00 | 5.00 |
| EPS in Rs | 2.10 | 2.11 | 1.58 | 1.58 | 1.46 | 1.81 | 1.21 | 1.13 | 1.05 | 1.29 | 0.88 | 1.08 | 0.74 |
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 | 1,951.00 | 1,289.00 | 1,067.00 | 1,051.00 | 818.00 | 548.00 | 589.00 | 904.00 | 970.00 | 840.00 | 700.00 | 693.00 |
| Expenses | 1,852.00 | 1,213.00 | 1,006.00 | 1,005.00 | 785.00 | 521.00 | 553.00 | 853.00 | 905.00 | 803.00 | 670.00 | 661.00 |
| Operating Profit | 99.00 | 75.00 | 61.00 | 46.00 | 32.00 | 27.00 | 36.00 | 50.00 | 65.00 | 37.00 | 30.00 | 32.00 |
| OPM % | 5.00 | 6.00 | 6.00 | 4.40 | 3.90 | 4.90 | 6.00 | 6.00 | 7.00 | 4.40 | 4.30 | 4.70 |
| Other Income | 4.00 | 4.00 | 5.00 | 4.00 | 5.00 | 2.00 | 2.00 | 5.00 | 1.00 | 1.00 | 2.00 | 2.00 |
| Interest | 10.00 | 9.00 | 8.00 | 4.00 | 4.00 | 4.00 | 3.00 | 3.00 | 3.00 | 4.00 | 5.00 | 6.00 |
| Depreciation | 35.00 | 26.00 | 24.00 | 17.00 | 18.00 | 18.00 | 22.00 | 21.00 | 19.00 | 17.00 | 17.00 | 16.00 |
| Profit before tax | 58.00 | 44.00 | 34.00 | 30.00 | 16.00 | 7.00 | 12.00 | 31.00 | 44.00 | 17.00 | 10.00 | 11.00 |
| Tax % | 27.00 | 26.00 | 25.00 | 27.00 | 25.00 | 28.00 | -2.00 | 31.00 | 35.00 | 28.00 | 27.00 | 29.00 |
| Net Profit | 42.00 | 33.00 | 25.00 | 22.00 | 12.00 | 5.00 | 13.00 | 21.00 | 28.00 | 12.00 | 7.00 | 8.00 |
| EPS in Rs | 6.72 | 5.21 | 3.99 | 3.43 | 1.90 | 0.77 | 1.99 | 3.41 | 4.49 | 1.94 | 1.15 | 1.29 |
| Dividend Payout % | 22.00 | 21.00 | 20.00 | 20.00 | 21.00 | 33.00 | 13.00 | 15.00 | 11.00 | 23.00 | 39.00 | 35.00 |
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 | 13.00 | 13.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 |
| Reserves | 217.00 | 182.00 | 161.00 | 140.00 | 121.00 | 110.00 | 107.00 | 98.00 | 80.00 | 56.00 | 47.00 | 40.00 |
| Borrowings | 110.00 | 152.00 | 160.00 | 66.00 | 39.00 | 35.00 | 40.00 | 29.00 | 25.00 | 63.00 | 75.00 | 91.00 |
| Other Liabilities | 397.00 | 301.00 | 179.00 | 146.00 | 171.00 | 140.00 | 89.00 | 140.00 | 172.00 | 140.00 | 122.00 | 127.00 |
| Total Liabilities | 737.00 | 648.00 | 505.00 | 358.00 | 337.00 | 291.00 | 242.00 | 273.00 | 285.00 | 265.00 | 250.00 | 265.00 |
| Fixed Assets | 356.00 | 283.00 | 276.00 | 199.00 | 147.00 | 126.00 | 150.00 | 152.00 | 136.00 | 146.00 | 144.00 | 150.00 |
| CWIP | 12.00 | 90.00 | 49.00 | 12.00 | 8.00 | 30.00 | 22.00 | 0.00 | 13.00 | 0.00 | 1.00 | 3.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 369.00 | 275.00 | 181.00 | 147.00 | 182.00 | 135.00 | 69.00 | 121.00 | 135.00 | 119.00 | 104.00 | 111.00 |
| Total Assets | 737.00 | 648.00 | 505.00 | 358.00 | 337.00 | 291.00 | 242.00 | 273.00 | 285.00 | 265.00 | 250.00 | 265.00 |
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 | 107.00 | 96.00 | 57.00 | 43.00 | 16.00 | 19.00 | 28.00 | 35.00 | 69.00 | 38.00 | 34.00 | 36.00 |
| Cash from Investing Activity | -47.00 | -68.00 | -73.00 | -59.00 | -15.00 | -12.00 | -34.00 | -24.00 | -23.00 | -17.00 | -6.00 | -13.00 |
| Cash from Financing Activity | -47.00 | -25.00 | 16.00 | 17.00 | -2.00 | -7.00 | -3.00 | -4.00 | -44.00 | -22.00 | -28.00 | -23.00 |
| Net Cash Flow | 12.00 | 3.00 | 0.00 | 0.00 | -1.00 | 0.00 | -9.00 | 7.00 | 2.00 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow | 59.00 | 28.00 | -16.00 | -17.00 | 0.00 | 7.00 | -6.00 | 10.00 | 46.00 | 22.00 | 28.00 | 23.00 |
| CFO/OP % | 122.00 | 137.00 | 113.00 | 127.00 | 56.00 | 80.00 | 93.00 | 89.00 | 127.00 | 111.00 | 122.00 | 116.00 |
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 | 49.00 | 56.00 | 35.00 | 34.00 | 49.00 | 55.00 | 22.00 | 31.00 | 35.00 | 41.00 | 43.00 | 40.00 |
| Inventory Days | 13.00 | 19.00 | 16.00 | 12.00 | 28.00 | 24.00 | 16.00 | 11.00 | 12.00 | 8.00 | 9.00 | 7.00 |
| Days Payable | 69.00 | 87.00 | 59.00 | 48.00 | 68.00 | 99.00 | 57.00 | 59.00 | 66.00 | 61.00 | 60.00 | 56.00 |
| Cash Conversion Cycle | -7.00 | -13.00 | -7.00 | -3.00 | 9.00 | -20.00 | -19.00 | -17.00 | -19.00 | -13.00 | -8.00 | -8.00 |
| Working Capital Days | -12.00 | -20.00 | -17.00 | -13.00 | 2.00 | -13.00 | -18.00 | -12.00 | -13.00 | -26.00 | -34.00 | -35.00 |
| ROCE % | 20.00 | 16.00 | 15.00 | 18.00 | 12.00 | 7.00 | 11.00 | 28.00 | 40.00 | 17.00 | 12.00 | 13.00 |
Corporate Actions
22 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 17 Jul 2026 | 17 Jul 2026 | — | 1.50 | |
| Dividend | 02 Jul 2025 | 02 Jul 2025 | — | 1.10 | |
| Bonus | 20 Dec 2024 | 20 Dec 2024 | 1:1 | — | |
| Dividend | 11 Jul 2024 | — | — | 1.60 | |
| Dividend | 11 Jul 2023 | — | — | 1.40 | |
| Dividend | 20 Jun 2022 | — | — | 0.80 | |
| Dividend | 13 Sep 2021 | — | — | 0.50 | |
| Dividend | 11 Sep 2020 | — | — | 0.50 | |
| Dividend | 11 Sep 2019 | — | — | 1.00 | |
| Dividend | 17 Sep 2018 | — | — | 1.00 | |
| Dividend | 13 Sep 2017 | — | — | 0.90 | |
| Dividend | 12 Jul 2016 | — | — | 0.90 | |
| Dividend | 09 Jul 2015 | — | — | 0.90 | |
| Dividend | 11 Jul 2014 | — | — | 0.80 | |
| Dividend | 22 Jul 2013 | — | — | 0.80 | |
| Dividend | 18 Jul 2012 | — | — | 0.80 | |
| Dividend | 27 Jul 2011 | — | — | 0.80 | |
| Dividend | 07 Jul 2010 | — | — | 0.60 | |
| Dividend | 08 Jul 2009 | — | — | 0.50 | |
| Dividend | 27 May 2008 | — | — | 0.50 | |
| Bonus | 28 Jun 2007 | 05 Jul 2007 | 1:1 | — | |
| Dividend | 26 Jul 2001 | — | — | 1.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update30 Jun 2025 from icra
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Rating update23 Apr 2024 from icra
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Rating update30 May 2023 from icra
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Rating update5 Jan 2023 from icra
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Rating update26 Nov 2021 from icra
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Rating update27 Nov 2020 from icra