BHARATGEAR
Bharat Gears financials
- Market cap
- ₹155 Cr
What Bharat Gears Limited does
Bharat Gears Limited's core business is Automotive Gears, run across three manufacturing plants located at Faridabad (Haryana), and Mumbra and Lonand (both Maharashtra). Its registered office and one of its works are co-located at Faridabad, Haryana, with an additional corporate office in Mumbai.
Segments
- Automotive Gears
- Manufacturing plants
- 3 (Faridabad, Haryana; Mumbra, Maharashtra; Lonand, Maharashtra)
Quarterly results
Q1 FY27: revenue up 19.9%, net profit down 90.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 165 | 142 | 175 | 180 | 205 +24% | 189 +33% | 210 +20% | 216 +20% |
| EBITDA | 8 | -3 | 13 | 10 | 17 +120% | 12 +567% | 13 +6% | 8 −17% |
| Net profit | 14 | -10 | 2 | 2 | 7 −47% | 3 +125% | 5 +196% | 0 −91% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +4.5% 1Y
1Y: ₹96.78 on 10 Sept 2025 → ₹101.14. High ₹146.66 (29 Sept 2025), low ₹86.22 (30 Mar 2026).
Financials, as filed
Revenue grew 8.8% a year over 2 years, FY24 to FY26. Operating margin widened to 6.7%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹663 Cr | ₹648 Cr | ₹784 Cr |
| Operating profit | ₹24 Cr | ₹25 Cr | ₹52 Cr |
| Operating margin | 3.6% | 3.9% | 6.7% |
| Interest | ₹17 Cr | ₹17 Cr | ₹14 Cr |
| Depreciation | ₹23 Cr | ₹24 Cr | ₹23 Cr |
| Net profit | ₹-10 Cr | ₹3 Cr | ₹17 Cr |
| Net margin | -1.5% | 0.5% | 2.1% |
| Cash from operations | ₹47 Cr | ₹49 Cr | ₹29 Cr |
| Free cash flow | ₹33 Cr | ₹52 Cr | ₹19 Cr |
| ROCE | 2.0% | 2.0% | 18.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹9 Cr | ₹10 Cr | ₹15 Cr | ₹15 Cr | ₹15 Cr | ₹15 Cr |
| Reserves | ₹65 Cr | ₹98 Cr | ₹105 Cr | ₹95 Cr | ₹107 Cr | ₹116 Cr |
| Borrowings | ₹118 Cr | ₹107 Cr | ₹116 Cr | ₹113 Cr | ₹79 Cr | ₹73 Cr |
| Other liabilities | ₹192 Cr | ₹189 Cr | ₹171 Cr | ₹162 Cr | ₹205 Cr | ₹197 Cr |
| Total liabilities | ₹384 Cr | ₹404 Cr | ₹407 Cr | ₹385 Cr | ₹405 Cr | ₹401 Cr |
| Fixed assets | ₹134 Cr | ₹118 Cr | ₹132 Cr | ₹133 Cr | ₹122 Cr | ₹116 Cr |
| Capital work in progress | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹5 Cr | ₹3 Cr | ₹4 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Other assets | ₹249 Cr | ₹285 Cr | ₹272 Cr | ₹247 Cr | ₹278 Cr | ₹280 Cr |
| Total assets | ₹384 Cr | ₹404 Cr | ₹407 Cr | ₹385 Cr | ₹405 Cr | ₹401 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +0.12 pp. The shareholder count shrank 8% to 22,703.
- Promoters
- 55.3%
- FIIs
- 1.4%
- Public
- 43.3%
Since Jun 2025
- FIIs +0.12 pp
- Public −0.09 pp
- DIIs −0.03 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 55.3%, FIIs 1.2%, DIIs 0.0%, Public 43.4%.Dec '23: Promoters 55.3%, FIIs 1.2%, DIIs 0.0%, Public 43.4%.Mar '24: Promoters 55.3%, FIIs 1.3%, DIIs 0.0%, Public 43.3%.Jun '24: Promoters 55.3%, FIIs 1.3%, DIIs 0.0%, Public 43.4%.Sep '24: Promoters 55.3%, FIIs 1.3%, DIIs 0.0%, Public 43.4%.Dec '24: Promoters 55.3%, FIIs 1.2%, DIIs 0.0%, Public 43.4%.Mar '25: Promoters 55.3%, FIIs 1.3%, DIIs 0.0%, Public 43.4%.Jun '25: Promoters 55.3%, FIIs 1.2%, DIIs 0.0%, Public 43.4%.Sep '25: Promoters 55.3%, FIIs 1.2%, DIIs 0.0%, Public 43.4%.Dec '25: Promoters 55.3%, FIIs 1.4%, DIIs 0.0%, Public 43.3%.Mar '26: Promoters 55.3%, FIIs 1.4%, DIIs 0.0%, Public 43.2%.Jun '26: Promoters 55.3%, FIIs 1.4%, Public 43.3%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Bharat Gears Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Surinder Paul Kanwar | 37.00% | unchanged |
| Ultra Consultants Private Limited | 14.09% | unchanged |
| Raunaq International Limited (Formerly Known as Raunaq EPC International Limited) | 1.69% | unchanged |
| Vibrant Reality Infra Private Limited (FormerlyKnownasVibrantFinanceandInvestmentPrivateLimited) | 1.44% | unchanged |
| Acadian Emerging Markets Micro-Cap Equity Master Fund Global fund house | 1.23% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.11% | unchanged |
| Clip-Lok Simpak (India) Private Limited | 1.10% | unchanged |
| Sachit Kanwar | 0.01% | unchanged |
| Late Dr. Raunaq Singh | 0.01% | unchanged |
| Akasa Design Studio LLP | 0.00% | unchanged |
| Xlerate Driveline India Limited | 0.00% | unchanged |
| Nexus Drvline India Private Limited (Formerly known as Nexus Driveline India Private Limited) | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Bharat Gears Limited
Guides on how to read this kind of business and the numbers that matter.