BHARATSE

Bharat Seats share price & financials

Price
₹191.31
Market cap
₹1.4k Cr
Sector
Automobile and Auto Components

What Bharat Seats Limited does

Bharat Seats Limited is a joint-venture automotive components manufacturer that makes seats and seating systems for passenger cars, primarily supplying Maruti Suzuki India Limited, and has expanded into two-wheeler wheel assemblies for Suzuki Motorcycle India. It operates as a technical/equity collaboration involving Suzuki Motor Corporation (Japan), Toyo Seat Co. Ltd. (Japan, seat technology), Inoac Corporation (Japan, PU foam) and Hayashi Telempu (Thailand, seat trim), and earns by manufacturing and supplying these components on a contract basis to OEM customers under long-term vendor relationships. It runs six manufacturing plants located in and around Gurugram and Sonepat (Haryana) and near Ahmedabad (Gujarat), sited close to its principal customers' assembly plants.

Manufacturing plants
6
Plant locations
Gurugram, Bhorakalan, Manesar and Kharkhauda (Sonepat) in Haryana; Surendranagar and Hansalpur (Ahmedabad) in Gujarat
Principal customer
Maruti Suzuki India Limited (car seats)
Other customer
Suzuki Motorcycle India Private Limited (two-wheeler wheel assembly)
Technical/JV collaborators
Suzuki Motor Corporation (Japan), Toyo Seat Co. Ltd. (Japan), Inoac Corporation (Japan), Hayashi Telempu (Thailand)
Stock exchange listing
BSE and NSE (NSE listing added March 2025)
Founded 1986Headquarters New Delhi, India (works in Gurugram and Sonepat, Haryana, and Gujarat) Company website

Quarterly results

Q1 FY27: revenue up 35.4%, net profit up 44.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue291 306 393 427 459 +58%491 +60%574 +46%578 +35%
EBITDA18 19 23 22 23 +28%25 +32%30 +30%28 +27%
Net profit7 8 11 9 10 +43%10 +25%13 +18%13 +44%
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 +28.8% 1Y

₹150₹200₹250Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹168.8 on 10 Sept 2025 → ₹217.47. High ₹254.62 (13 Jul 2026), low ₹135.32 (27 Jan 2026).

Financials, as filed

Revenue grew 22.9% a year over 3 years, FY23 to FY26. Operating margin widened to 5.1%.

Year endingFY23FY24FY25FY26
Revenue₹1.1k Cr₹1.1k Cr₹1.3k Cr₹2.0k Cr
Operating profit₹47 Cr₹61 Cr₹77 Cr₹100 Cr
Operating margin4.4%5.7%6.0%5.1%
Interest₹3 Cr₹7 Cr₹8 Cr₹9 Cr
Depreciation₹17 Cr₹23 Cr₹26 Cr₹35 Cr
Net profit₹21 Cr₹26 Cr₹33 Cr₹42 Cr
Net margin2.0%2.4%2.6%2.2%
Cash from operations₹43 Cr₹57 Cr₹96 Cr₹107 Cr
Free cash flow₹-17 Cr₹-16 Cr₹28 Cr₹59 Cr
ROCE18.0%15.0%16.0%20.0%
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹6 Cr₹6 Cr₹6 Cr₹6 Cr₹13 Cr₹13 Cr
Reserves₹110 Cr₹121 Cr₹140 Cr₹161 Cr₹194 Cr₹217 Cr
Borrowings₹35 Cr₹39 Cr₹66 Cr₹160 Cr₹132 Cr₹110 Cr
Other liabilities₹140 Cr₹171 Cr₹146 Cr₹179 Cr₹354 Cr₹397 Cr
Total liabilities₹291 Cr₹337 Cr₹358 Cr₹505 Cr₹693 Cr₹737 Cr
Fixed assets₹126 Cr₹147 Cr₹199 Cr₹276 Cr₹367 Cr₹356 Cr
Capital work in progress₹30 Cr₹8 Cr₹12 Cr₹49 Cr₹6 Cr₹12 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹135 Cr₹182 Cr₹147 Cr₹181 Cr₹320 Cr₹369 Cr
Total assets₹291 Cr₹337 Cr₹358 Cr₹505 Cr₹693 Cr₹737 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, the public trimmed −0.24 pp while FIIs added +0.12 pp. The shareholder count grew 16% to 30,200.

Promoters
74.7%
FIIs
0.1%
DIIs
0.2%
Public
25.0%

Since Jun 2025

  • Public −0.24 pp
  • FIIs +0.12 pp
  • DIIs +0.11 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 74.6%, DIIs 0.1%, Public 25.3%.Dec '23: Promoters 74.6%, DIIs 0.1%, Public 25.3%.Mar '24: Promoters 74.6%, DIIs 0.1%, Public 25.3%.Jun '24: Promoters 74.6%, DIIs 0.1%, Public 25.3%.Sep '24: Promoters 74.6%, DIIs 0.1%, Public 25.3%.Dec '24: Promoters 74.6%, DIIs 0.1%, Public 25.3%.Mar '25: Promoters 74.7%, DIIs 0.1%, Public 25.2%.Jun '25: Promoters 74.7%, FIIs 0.0%, DIIs 0.1%, Public 25.2%.Sep '25: Promoters 74.7%, FIIs 0.3%, DIIs 0.1%, Public 24.9%.Dec '25: Promoters 74.7%, FIIs 0.1%, DIIs 0.2%, Public 25.1%.Mar '26: Promoters 74.7%, FIIs 0.1%, DIIs 0.2%, Public 25.0%.Jun '26: Promoters 74.7%, FIIs 0.1%, DIIs 0.2%, Public 25.0%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Bharat Seats Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Ndr Auto Components Limited 28.66%unchanged
Rohit Relan Family Trust (Mr. Rohit Relan, Ms. Ritu Relan, Mr. Rishabh Relan, Mr. Pranav Relan and Mr. Ayush Relan are Trustees) 16.38%unchanged
Maruti Suzuki India Ltd 14.81%unchanged
Suzuki Motor Corporation Corporate14.81%unchanged
Sunita Santosh Goenka 1.02%unchanged
Pranav Relan 0.00%unchanged
Rishabh Relan 0.00%unchanged
Ritu Relan 0.00%unchanged
Ayush Relan 0.00%unchanged
Rohit Relan 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.

What the price assumes

Attractive

To justify its price of ₹217, this stock must grow earnings at 21% every year for 7 years. Our analysis caps realistic growth at ~25%. At that growth it is worth ₹265 — upside of 22%.

Growth the price implies
21.3% a year
for 7 years, fading to 4%
It has actually compounded at
25.6% a year
net profit, FY23–FY26 · EPS 25.2%
The gap
-0.0 pp
22% downside if it only repeats history
Price today ₹217.47 Value at the reference growth ₹264.63

Change the assumptions yourself →

Learn to analyse Bharat Seats Limited

Guides on how to read this kind of business and the numbers that matter.