Flash Finance

Bharat Gears LimitedBHARATGEARCorporate

Auto Ancillaries Latest results: Mar 2026 13 quarters of data
₹102.67
MCap ₹158 Cr · P/E 9.5
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🏭 Auto sector
AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹210 Cr
Sales · Mar 2026
+20.3% YoY
₹13 Cr
Operating Profit · Mar 2026
+6.4% YoY
6.4%
OPM % · Mar 2026
-11.1% YoY
₹5 Cr
Net Profit · Mar 2026
+196.5% YoY
₹3.30
EPS · Mar 2026
+197.3% YoY

📝 Bharat Gears Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Bharat Gears Limited reported revenue of ₹210 crore for the quarter ended March 2026 (Q4 FY26), up 20.3% from ₹175 crore in the same quarter last year, and up 11.1% sequentially over the December 2025 quarter.

Net profit rose 196.5% year-on-year to ₹5 crore, from ₹2 crore. Earnings per share (EPS) came in at ₹3.30.

Operating profit stood at ₹13 crore — an operating margin (OPM) of 6.4%, compared with 7.2% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Bharat Gears Limited posted revenue of ₹784 crore, a growth of 21.1% over FY25, with a net profit of ₹17 crore (up 417.6% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹784 crore with a net profit of ₹17 crore.

Valuation snapshot

At the current price of ₹102.67, BHARATGEAR has a market capitalisation of ₹158 crore and a trailing P/E of about 9.5.

Within the Auto Ancillaries industry, it is the 25th-largest of the 61 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 55.33%, foreign institutional investors (FIIs) 1.23%, public shareholders 43.44% of Bharat Gears Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹158 Cr
Current Price ?
₹102.7
P/E ?
9.55below ind
Industry P/E ?
22.30
P/B ?
1.20
P/S ?
0.20
P/FCF ?
8.30
Enterprise Value ?
₹231 Cr
EV/EBITDA ?
4.41
PEG ?
1.36
Earnings Yield ?
12.9%
Dividend Yield ?
0.00%
Profitability & Returns
Sales (TTM) ?
₹784 Cr
OPM ?
6.7%
Profit after tax (TTM) ?
₹17 Cr
EPS (TTM) ?
₹10.75
ROCE ?
18.0%
ROE ?
12.6%
ROA ?
4.1%
Growth
Sales — latest qtr ?
₹210 Cr
PAT — latest qtr ?
₹5 Cr
YoY qtr sales growth ?
20.3%
YoY qtr profit growth ?
196.5%
Sales growth (3y) ?
1%
Sales growth (5y) ?
9%
Profit growth (3y) ?
7%
Profit growth (5y) ?
33%
Financial Health
Debt ?
₹73 Cr
Debt to Equity ?
0.56
Interest Coverage ?
2.1
Current Ratio ?
N/A
Ownership
Promoter holding ?
55.33%
Change in promoter holding ?
0.01%
Pledged percentage ?
N/A
Market
Return 3 months ?
-13.5%
Return 6 months ?
-8.9%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026 YoY % QoQ %
Sales 179170179143171166165142175180205189210 +20.3% +11.1%
Operating Profit 10971788-31310171213 +6.4% +11.8%
Other Income 00120018012212 +224.2% +311.5%
Interest 5444444444433 -16.3% +0.6%
Depreciation 5666666666665 -7.7% -7.2%
Profit Before Tax 0-1-2-7-2-216-13321037 +98.3% +100.0%
Net Profit 1-1-2-6-2-214-1022735 +196.5% +97.3%
EPS 0.55-0.49-1.13-3.58-1.13-1.188.84-6.701.111.074.701.673.30 +197.3% +97.6%
OPM % 5.5% 5.0% 3.9% 0.6% 4.3% 4.5% 4.7% -1.8% 7.2% 5.5% 8.3% 6.3% 6.4% -11.1% +1.6%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹648 Cr ₹784 Cr ₹784 Cr +21.1%
Operating Profit ₹25 Cr ₹52 Cr ₹52 Cr +106.8%
OPM % 3.90% 6.67% 6.67% +71.0%
NPM % 0.49% 2.11% 2.11% +330.6%
Other Income ₹19 Cr ₹6 Cr ₹6 Cr -67.2%
Depreciation ₹24 Cr ₹23 Cr ₹23 Cr -4.5%
Interest ₹17 Cr ₹14 Cr ₹14 Cr -17.9%
EBIT ₹2 Cr ₹30 Cr ₹30 Cr +1711.0%
PBT ₹4 Cr ₹22 Cr ₹22 Cr +462.0%
Tax — — — —
Net Profit ₹3 Cr ₹17 Cr ₹17 Cr +417.6%
EPS ₹2.07 ₹10.74 ₹10.74 +418.8%
Material Cost — — — —
Employee Cost — — — —
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 15151515 +0.0%
Reserves 1059598116 +18.4%
Borrowings 1161138073 -8.8%
Other Liabilities 171162172197 +14.5%
Total Liabilities 407385364401 +10.2%
Fixed Assets 132133128116 -9.4%
CWIP 2524 +100.0%
Investments 1111 +0.0%
Other Assets 272247232280 +20.7%
Total Assets 407385364401 +10.2%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 42474929 -40.8%
Cash from Investing Activity -26-132-8 -500.0%
Cash from Financing Activity -3-37-51-31 +39.2%
Net Cash Flow 13-40-10 —
Free Cash Flow 16333519 -45.7%
CFO/OP 102%203%189%61% -67.7%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 58645553 -3.6%
Inventory Days 89849989 -10.1%
Days Payable 118124135132 -2.2%
Cash Conversion Cycle 30241911 -42.1%
Working Capital Days 34211619 +18.8%
ROCE % 15%2%2%18% +800.0%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026 % Chg
Promoters 55.32%55.32%55.33%55.33%55.33% +0.0%
FIIs 1.23%1.23%1.39%1.41%1.23% -12.8%
DIIs 0.03%0.03%0.03%0.03%— —
Public 43.41%43.42%43.26%43.23%43.44% +0.5%
No. of Shareholders 24,59725,97624,16023,21222,453 -3.3%

⚖️ Peer comparison

Industry: Auto Ancillaries · top 25 of 61 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 MSUMI Motherson Sumi ₹34.50 22,879 36.3 12,391 626 8.7% 5.1% 23.1% 3.0% 36.6% 1.6%
2 ARE&M Amara Raja ₹816.00 14,935 16.2 14,628 922 10.5% 6.3% 7.5% -5.2% 23.9% 15.9%
3 LUMAXTECH Lumax Auto ₹2,083.70 14,202 66.9 4,055 241 12.9% 5.9% 11.5% 4.9% 25.1% 22.5%
4 VARROC Varroc Engineering ₹876.45 13,392 44.6 8,666 301 9.9% 3.5% 21.0% 33.8% 28.2% 13.6%
5 ASKAUTOLTD ASK Automotive ₹625.00 12,321 38.9 4,643 317 12.3% 6.8% 16.0% 20.2% 52.4% 29.0%
6 BBTC Bombay Burmah ₹1,430.30 9,979 7.0 19,539 2,500 17.6% 12.8% 42.8% 49.8% 6.6% 33.5%
7 BANCOINDIA Banco Products ₹614.85 8,795 17.8 4,110 494 17.3% 12.0% 21.3% 22.6% 22.0% 11.7%
8 PRICOLLTD Pricol ₹710.35 8,658 32.3 4,251 268 11.6% 6.3% 50.1% 50.2% 23.5% 34.3%
9 SSWL Steel Strips ₹411.20 6,467 30.1 5,507 215 10.0% 3.9% 17.0% -1.2% 27.2% 46.1%
10 SUPRAJIT Suprajit Engineering ₹456.00 6,255 22.9 1,919 273 15.9% 14.2% -11.4% 14.8% 20.4% -3.6%
11 LGBBROSLTD LG Balakrishnan ₹1,729.00 5,515 17.3 3,217 319 15.3% 9.9% 19.3% 5.6% 21.6% 0.1%
12 WHEELS Wheels India ₹2,229.00 5,446 33.3 5,690 166 7.6% 2.9% 15.2% 40.3% 17.8% 27.3%
13 LUMAXIND Lumax Industries ₹5,801.00 5,423 28.9 4,485 188 9.7% 4.2% 23.5% 23.7% 32.6% 41.1%
14 SHARDAMOTR Sharda Motor ₹899.85 5,166 15.6 3,652 332 11.6% 9.1% 19.8% 9.7% 33.7% -13.4%
15 JAMNAAUTO Jamna Auto ₹128.52 5,141 22.0 2,650 233 15.3% 8.8% 15.1% 28.3% 6.7% 6.1%
16 FIEMIND Fiem Industries ₹1,927.90 5,074 19.3 2,932 263 14.0% 9.0% 16.2% 24.8% 17.7% 12.8%
17 SUBROS Subros ₹673.55 4,394 26.4 3,910 166 8.3% 4.2% 11.5% 9.9% 17.5% 1.7%
18 HARSHA Harsha Engineers ₹468.70 4,267 27.6 1,719 155 14.6% 9.0% 15.6% 74.0% 25.2% -1.5%
19 RML Rane (Madras) ₹1,361.10 3,762 31.6 4,024 119 8.8% 3.0% 56.1% 1090.7% 18.3% 62.4%
20 DIVGIITTS Divgi Torqtransfer ₹1,144.30 3,500 55.3 419 63 22.4% 15.1% 61.6% 95.8% 90.5% 180.4%
21 JTEKTINDIA Jtekt India ₹119.93 3,327 46.1 2,817 71 7.4% 2.5% 11.1% 1.3% 26.9% -43.4%
22 SANDHAR Sandhar Technologies ₹534.40 3,224 15.5 5,144 208 9.0% 4.0% 24.9% 20.6% 26.8% —
23 CARRARO Carraro India ₹508.85 2,893 21.8 2,308 133 9.3% 5.8% 24.8% 48.1% 10.5% 7.8%
24 INDNIPPON India Nippon ₹1,235.20 2,794 24.3 1,148 115 11.1% 10.0% 26.4% 35.3% 35.5% 16.5%
25 BHARATGEAR Bharat Gears ₹99.55 153 9.3 784 17 6.7% 2.1% 21.1% 417.6% 20.3% 196.5%
❓ Frequently asked questions
What was Bharat Gears Limited's revenue in Q4 FY26?
Bharat Gears Limited reported revenue of ₹210 crore for the quarter ended March 2026 (Q4 FY26), up 20.3% from ₹175 crore in the same quarter last year, and up 11.1% sequentially over the December 2025 quarter.
What was Bharat Gears Limited's net profit in Q4 FY26?
Net profit rose 196.5% year-on-year to ₹5 crore, from ₹2 crore. Earnings per share (EPS) came in at ₹3.30.
What is BHARATGEAR's market capitalisation and P/E ratio?
At the current price of ₹102.67, BHARATGEAR has a market capitalisation of ₹158 crore and a trailing P/E of about 9.5.
Who owns Bharat Gears Limited? (shareholding pattern)
As of Sep 2026, promoters held 55.33%, foreign institutional investors (FIIs) 1.23%, public shareholders 43.44% of Bharat Gears Limited.
TTM ends 2026-03-31. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI