Debut Plus

118.76

-2.05 -1.70%

17 Jul 2026

NSE Listed · Auto Ancillaries

ESM 1

Bharat Gears Ltd. (BHARATGEAR)

Volume: 10,295Avg Vol 1W: 7,031Avg Vol 1M: 16,96152W Range:83.8154.2
Market Cap₹182 Cr
Current Price₹118.76
Previous Close₹120.81
High / Low (52w)₹154.2 / ₹83.8
Volume10,295
Avg Vol (1W)7,031
Avg Vol (1M)16,961
Stock P/E11.05
Book Value₹85.43
Dividend Yield83%
ROE12.58%
ROA411.95%
Revenue (TTM)₹784 Cr
Revenue Growth
Profit Margin210.54%
Total Debt
Shares Outstanding2 Cr
Face Value₹10
EPS (TTM)₹10.75
P/B1.39
Debt / Equity0.86
50 DMA₹126.9
200 DMA₹111.57
Day change-1.70%
SurveillanceESM 1 (as of 2026-07-17)
Price Chart
118.76 9.86% · 1Y
1378623.1L
2025-11-25
2026-07-17

20-day avg volume: 15K shares

Pros
  • Pays a dividend yield of 83.0%.
  • Company is almost debt-free.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹166 Cr₹165 Cr₹142 Cr₹175 Cr₹180 Cr₹205 Cr₹189 Cr₹210 Cr
EBITDA₹2 Cr₹3 Cr₹-8 Cr₹8 Cr₹6 Cr₹13 Cr₹7 Cr₹10 Cr
Net Profit₹-2 Cr₹14 Cr₹-10 Cr₹2 Cr₹2 Cr₹7 Cr₹3 Cr₹5 Cr
EPS
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹509 Cr₹599 Cr₹468 Cr₹504 Cr₹733 Cr₹775 Cr₹667 Cr₹650 Cr
EBITDA₹26 Cr₹41 Cr₹-3 Cr₹13 Cr₹49 Cr₹35 Cr₹5 Cr₹4 Cr
Net Profit₹6 Cr₹13 Cr₹-19 Cr₹-8 Cr₹26 Cr₹13 Cr₹-10 Cr₹3 Cr
EPS7.9314.84-20.38-8.0317.628.78-6.342.08
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹420 Cr₹374 Cr₹384 Cr₹404 Cr₹407 Cr₹385 Cr₹364 Cr₹401 Cr
Total Liabilities₹331 Cr₹295 Cr₹310 Cr₹295 Cr₹287 Cr₹275 Cr₹252 Cr₹270 Cr
Equity₹88 Cr₹80 Cr₹74 Cr₹108 Cr₹121 Cr₹111 Cr₹113 Cr₹131 Cr
Total Debt₹73 Cr
Cash Flow
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹54 Cr₹59 Cr₹35 Cr₹47 Cr₹48 Cr₹48 Cr₹29 Cr
Investing₹-29 Cr₹-2 Cr₹-5 Cr₹-26 Cr₹-13 Cr₹2 Cr₹-8 Cr
Financing₹-20 Cr₹-57 Cr₹-32 Cr₹-3 Cr₹-37 Cr₹-51 Cr₹-31 Cr
Free Cash Flow₹54 Cr₹59 Cr₹35 Cr₹47 Cr₹48 Cr₹48 Cr₹18 Cr
Shareholding
Promoter 55.33% Institutions 1.35% Public 43.33%
About Bharat Gears Ltd.

Auto Ancillaries · Auto Ancillaries

Bharat Gears Limited manufactures and supplies automotive gear in India, the United States, Mexico, Spain, and internationally. The company offers 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 provides 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. It serves original equipment manufacturers, as well as the automotive, agriculture, construction, utilities, and EV segments. Bharat Gears Limited was incorporated in 1971 and is headquartered in Mumbai, India.

www.bharatgears.com
Efficiency & Working Capital
ROCE17.1%
Interest Coverage0.2
Dividend Payout
Debtor Days55 d
Inventory Days53 d
Payable Days72 d
Cash Conversion Cycle35 d
Working Capital Days107 d
Shareholding Details

As of 2026-06-30

Promoter55.3%
FII1.3%
DII0%
Institutions1.3%
Public43.3%
Promoter Pledge0%
No. of Shareholders22,703
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters55.3%55.3%55.3%55.3%55.3%55.3%55.3%55.3%55.3%55.3%55.3%55.3%
FIIs1.2%1.2%1.3%1.3%1.2%1.2%1.3%1.2%1.2%1.4%1.4%1.3%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public43.4%43.4%43.3%43.4%43.4%43.4%43.4%43.4%43.4%43.3%43.2%43.3%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders24,97624,49224,81325,08324,95824,88424,76324,59725,97624,16023,21222,703
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Surinder Paul KanwarShareholding of Promoter and Promoter Group37%56,80,989
Ultra Consultants Private LimitedShareholding of Promoter and Promoter Group14.1%21,63,193
Raunaq International Limited (formerly Known As Raunaq Epc International Limited)Shareholding of Promoter and Promoter Group1.7%2,59,206
Vibrant Reality Infra Private Limited (formerlyknownasvibrantfinanceandinvestmentprivatelimited)Shareholding of Promoter and Promoter Group1.4%2,21,800
Acadian Emerging Markets Micro-cap Equity Master FundPublic Shareholding1.2%1,88,941
Clip-lok Simpak (india) Private LimitedShareholding of Promoter and Promoter Group1.1%1,68,315
Late Dr. Raunaq SinghShareholding of Promoter and Promoter Group0%907
Sachit KanwarShareholding of Promoter and Promoter Group0%1,000
Pawania KanwarShareholding of Promoter and Promoter Group0%0
Sameer KanwarShareholding of Promoter and Promoter Group0%0
Deepti KanwarShareholding of Promoter and Promoter Group0%0
Nexus Epc Private Limited(formerly Known As Samreet Investment And Management Consultancy Private LiShareholding of Promoter and Promoter Group0%0
Nexus Drvline India Private Limited (formerly Known As Nexus Driveline India Private Limited)Shareholding of Promoter and Promoter Group0%0
Xlerate Driveline India LimitedShareholding of Promoter and Promoter Group0%0
Gulab Merchandise Private LimitedShareholding of Promoter and Promoter Group0%0
Akasa Design Studio LlpShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Late Dr. Raunaq Singh00%2026-06-30
Surinder Paul Kanwar00%2026-06-30
Pawania Kanwar00%2026-06-30
Sameer Kanwar00%2026-06-30
Deepti Kanwar00%2026-06-30
Sachit Kanwar00%2026-06-30
Ultra Consultants Private Limited00%2026-06-30
Raunaq International Limited (formerly Known As Raunaq Epc International Limited)00%2026-06-30
Vibrant Reality Infra Private Limited (formerlyknownasvibrantfinanceandinvestmentprivatelimited)00%2026-06-30
Clip-lok Simpak (india) Private Limited00%2026-06-30
Nexus Epc Private Limited(formerly Known As Samreet Investment And Management Consultancy Private Li00%2026-06-30
Nexus Drvline India Private Limited (formerly Known As Nexus Driveline India Private Limited)00%2026-06-30
Board of Directors
NameDesignationYear
Surinder P KanwarChairman & Managing Director2025
Sameer KanwarJoint Managing Director2025
W R SchilhaIndependent Non Exe. Director2025
V K PargalIndependent Non Exe. Director2025
N V SrinivasanNon-Executive & Non-Independent Director2025
Rakesh ChopraIndependent Non Exe. Director2025
RAMAN NANDAIndependent Non Exe. Director2025
Prashant KhattryCompany Sec. & Compli. Officer2025
KAVITA JHAIndependent Non Exe. Director2025
Bharat Dev Singh KanwarIndependent Non Exe. Director2025
Satya Prakash MangalIndependent Non Exe. Director2025
Segments — Product
SegmentRevenueShare
Automotive Gears₹0 Cr
Segments — Geography
RegionRevenueShare
India₹443 Cr70%
USA₹100 Cr15.8%
Mexico₹16 Cr2.5%
Spain₹37 Cr5.9%
Other countries₹36 Cr5.7%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10201515
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-03Board Meetings
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000616
2025000616
2025000000
Insider / Designated-Person Trades

8 recent disclosure(s)

NARESH VERMAAcquisition · 500
NARESH VERMAAcquisition · 10,000
Raunaq EPC International LimitedDisposal · 94,939
Clip-Lok Simpak India Private LimitedAcquisition · 25,815
Vibrant Reality Infra Private Limited FormerlyknownasVibrantFinanceAndInvestmentPrivateLimitedAcquisition · 22,594
Ultra Consultants Private LimitedAcquisition · 46,530
Company Information
Incorporated1971
ChairmanSurinder P Kanwar
AuditorDeloitte Haskins & Sells LLP
🌐 www.bharatgears.com

📍 22 Camac Street Block C, 3 rd Floo, Kolkata, West Bengal, 700016

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