Price
Financials
Consolidated, Rs crore| Mar 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 49 | 17 | 13 | 13 | 11 | 9 | 9 | 6 | 5 | 6 | 3 | 1 |
| Expenses | 48 | 23 | 14 | 25 | 15 | 14 | 10 | 7 | 17 | 10 | 9 | 12 |
| Operating Profit | 1 | -6 | -1 | -12 | -4 | -5 | -1 | -1 | -12 | -4 | -6 | -10 |
| OPM % | 2.7% | -36% | -6% | -96% | -38% | -55% | -16% | -16% | -244% | -72% | -226% | -715% |
| Other Income | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -1 | 0 | 1 |
| Interest | 3 | 3 | 3 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Profit before tax | -1 | -11 | -5 | -15 | -5 | -5 | -2 | -1 | -12 | -6 | -6 | -10 |
| Tax % | -20% | -50% | -32% | -26% | -26% | -15% | -19% | 10% | 86% | 1% | -2% | -3% |
| Net Profit | -1 | -5 | -3 | -11 | -4 | -5 | -2 | -2 | -23 | -6 | -6 | -10 |
| EPS in Rs | -0.66 | -3.08 | -1.74 | -6.36 | -2.25 | -2.56 | -0.89 | -0.90 | -12.73 | -3.17 | -3.56 | -5.54 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 80 | 122 | 145 | 115 | 111 | 42 | 26 | 20 | 15 | 11 | 3 |
| Expenses | 75 | 112 | 133 | 107 | 105 | 53 | 39 | 29 | 17 | 27 | 20 |
| Operating Profit | 5 | 10 | 12 | 8 | 6 | -11 | -13 | -9 | -2 | -16 | -16 |
| OPM % | 6% | 8% | 8% | 7% | 5% | -28% | -50% | -46% | -16% | -151% | -469% |
| Other Income | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 1 |
| Interest | 3 | 4 | 4 | 4 | 5 | 5 | 5 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 3 | 2 | 2 | 1 | 1 | 1 |
| Profit before tax | 1 | 6 | 7 | 4 | 1 | -20 | -20 | -11 | -3 | -18 | -16 |
| Tax % | 35% | 33% | 30% | 15% | 44% | -27% | -27% | -21% | -6% | 59% | -2% |
| Net Profit | 1 | 4 | 5 | 4 | 1 | -15 | -14 | -9 | -3 | -28 | -16 |
| EPS in Rs | 2.45 | 13.62 | 2.92 | 2.13 | 0.29 | -8.41 | -8.10 | -4.81 | -1.79 | -15.90 | -9.10 |
| Dividend Payout % | 0% | 0% | 0% | 12% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -27% | -39% | -44% | -68% | ||
| Compounded Profit Growth | % | -2% | -63% | 41% | ||
| Stock Price CAGR | % | -1% | -21% | -36% | ||
| Return on Equity | % | % | % | % |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves | 12 | 17 | 40 | 41 | 42 | 27 | 12 | 4 | 1 | -27 | -44 |
| Borrowings | 28 | 35 | 40 | 42 | 52 | 61 | 65 | 62 | 61 | 63 | 63 |
| Other Liabilities | 8 | 9 | 38 | 18 | 20 | 30 | 7 | 7 | 6 | 5 | 5 |
| Total Liabilities | 52 | 64 | 136 | 119 | 131 | 135 | 102 | 90 | 85 | 59 | 43 |
| Fixed Assets | 7 | 7 | 10 | 20 | 22 | 19 | 16 | 14 | 11 | 10 | 9 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 44 | 58 | 126 | 99 | 108 | 116 | 86 | 76 | 74 | 49 | 34 |
| Total Assets | 52 | 64 | 136 | 119 | 131 | 135 | 102 | 90 | 85 | 59 | 43 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 3 | -4 | 2 | -12 | -0 | -4 | -0 | 2 | 1 | -2 | -2 |
| Cash from Investing Activity | -4 | -0 | -5 | -20 | -4 | -0 | 1 | 0 | 1 | 1 | 1 |
| Cash from Financing Activity | 4 | 4 | 33 | -2 | 5 | 3 | -1 | -3 | -2 | 2 | 0 |
| Net Cash Flow | 3 | -0 | 31 | -34 | 1 | -1 | -0 | -0 | 0 | 0 | -1 |
| Free Cash Flow | 3 | -4 | -2 | -23 | -6 | -4 | 0 | 2 | 2 | -2 | -1 |
| CFO/OP | 78% | -19% | 17% | -120% | -1% | 32% | 2% | -27% | -51% | 15% | 11% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 36 | 58 | 125 | 152 | 170 | 228 | 247 | 193 | 222 | 170 | 182 |
| Inventory Days | 139 | 1,087 | 559 | 621 | 220 | 254 | 476 | 1,078 | 1,413 | 1,345 | |
| Days Payable | 23 | 175 | 224 | 251 | 77 | 39 | 56 | 82 | 95 | 211 | |
| Cash Conversion Cycle | 152 | 970 | 125 | 487 | 540 | 371 | 462 | 613 | 1,218 | 1,487 | 1,316 |
| Working Capital Days | 60 | 60 | 70 | 148 | 140 | 53 | -117 | -338 | -398 | -1,089 | -4,590 |
| ROCE % | 19% | 15% | 9% | 6% | -14% | -15% | -12% | -4% | -26% | -37% |
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 69.92% | 69.92% | 69.92% | 69.92% | 69.92% | 69.92% | 69.92% | 69.92% | 69.92% | 69.92% | 69.92% | 69.91% |
| Public | 30.08% | 30.08% | 30.09% | 30.09% | 30.08% | 30.08% | 30.09% | 30.08% | 30.09% | 30.09% | 30.09% | 30.09% |
| No. of Shareholders | 469 | 469 | 498 | 507 | 545 | 546 | 560 | 543 | 509 | 503 | 500 | 492 |
Fundamentals
Market Cap₹ 15.9 Cr.
Current Price₹ 8.97
Book Value₹ -14.6
ROCE-36.7 %
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-68%
Compounded Profit Growth (TTM)41%
Consolidated figures.
Valuation
Market capRs 15 Cr
Enterprise valueRs 78 Cr
Price to book-0.58x
Price to sales4.37x
EV / sales22.65x
Earnings yield-106.66%
P/B, 3-year average-0.80x
P/B, 5-year average-0.14x
Profitability
Operating margin (excl. other income)-468.79%
Operating margin (incl. other income)-442.20%
EBITDA margin-442.20%
Pre-tax margin-476.88%
Net profit margin-465.61%
ROE90.53%
ROCE-35.60%
ROA-31.87%
ROE, 3-year average-191.64%
ROCE, 3-year average-21.96%
ROA, 3-year average-24.90%
ROE, 5-year average-129.27%
ROCE, 5-year average-18.55%
ROA, 5-year average-19.13%
ROIC (approx.)-42.19%
Tax rate2.36%
Other income / net worth-3.56%
Growth
Sales growth (latest year)-68.31%
Sales CAGR, 3 years-43.97%
Sales CAGR, 5 years-39.17%
Per share
EPS (TTM)Rs -9.10
EPS (latest year)Rs -9.10
EPS, 3-year averageRs -8.93
EPS, 5-year averageRs -7.94
Book value per shareRs -14.60
Sales per shareRs 1.95
Cash flow per shareRs -0.99
Free cash flow per shareRs -0.56
Efficiency
Asset turnover0.08x
Fixed asset turnover0.40x
Inventory turnover0.41x
Inventory days884 days
Debtor days182 days
Debtors turnover2.00x
Creditor days211 days
Cash conversion cycle1316 days
Working capital days-4590 days
Leverage
Total debtRs 63 Cr
Cash and bankRs 0 Cr
Net debtRs 63 Cr
Debt to equity-2.45x
Interest coverage-47.53x
Owners' fund to total sources-60.78%
Debt to assets149.19%
Cash flow
Cash from Operating Activity (latest year)Rs -2 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs 0 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs -0 Cr
Statement figures
Net sales (TTM)Rs 3 Cr
Net sales (latest year)Rs 3 Cr
Operating profit excl. other income (latest year)Rs -16 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs -15 Cr
PBDT (TTM)Rs -16 Cr
Profit before tax (TTM)Rs -16 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs -16 Cr
Net profit (latest year)Rs -16 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 4 Cr
Total expenditure (latest year)Rs 20 Cr
Total income (latest year)Rs 4 Cr
Share capitalRs 18 Cr
ReservesRs -44 Cr
Shareholders' fundsRs -26 Cr
Total assetsRs 43 Cr
Net blockRs 9 Cr
InvestmentsRs 0 Cr
ReceivablesRs 2 Cr
InventoryRs 9 Cr
Other liabilitiesRs 5 Cr
Shares outstanding (crore)1.77
Ownership
Promoter holding69.91% (-0.01 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 541178 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -14.1% | -2.8% | -11.3 pts |
| 1 month | +1.5% | -6.8% | +8.3 pts |
| 3 years | -52.2% | +14.2% | -66.4 pts |
| 5 years | -12.1% | +27.9% | -40.0 pts |
Red flags
F-score 3 of 8| serious | Negative equity Shareholders' equity is negative |
| look | Repeated losses Net loss in each of the last two years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹1 Cr -83.3% vs Mar 2024.
Net loss ₹10 Cr.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Benara Bearings & Pistons Ltd?
Benara Bearings & Pistons Ltd (541178) has a market capitalisation of Rs 15.9 Cr. at the 2026-10-01 close.
What were Benara Bearings & Pistons Ltd's latest quarterly results?
In the Mar 2026 quarter, Benara Bearings & Pistons Ltd sales was Rs 1 Cr (-83.3% vs Mar 2024) with a net loss of Rs 10 Cr.