MarketFriction

BGR Energy Systems Ltd

NSE BGRENERGY · BSE 532930 · Civil Construction
₹239.71 -1.00%
NSE close2026-10-01
52 week range218.00 - 490.80
Market cap₹1,850 Cr.
Insolvency Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales23546217017483661308983785016
Expenses2639118177151258432194140265284118
Operating Profit-28-448162-3-69-192-302-105-56-187-234-102
OPM %-12%-97%95%-1.8%-83%-291%-232%-119%-68%-241%-467%-648%
Other Income1119617111872512227084
Interest1021171261221221432131821524604204
Depreciation333333433331
Profit before tax-133-559129-112-193-336-332-266-63-193-771-223
Tax %-20%24%0%0%0%0%0%0%0%0%0%0%
Net Profit-107-691129-112-193-336-332-266-63-193-771-223
EPS in Rs-14.82-95.6618.09-15.72-26.68-46.57-45.78-36.74-8.63-26.72-106.42-31.06
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,2443,4413,2983,2732,6921,1401,2218061,012452300227
Expenses2,8873,0522,9502,9492,4781,3041,0901,0851,3371,019883807
Operating Profit356389348324214-164130-278-325-566-583-580
OPM %11%11%11%10%8%-14%11%-35%-32%-125%-195%-256%
Other Income72133437135098206128187
Interest301265288271302300359399445600825847
Depreciation24242528353127171313119
Profit before tax381213728-80-487-243-644-685-973-1,292-1,249
Tax %66%29%85%46%-88%-24%-24%-24%11%0%0%
Net Profit1385515-10-368-185-488-761-973-1,292-1,249
EPS in Rs2.4310.102.272.67-0.40-50.51-25.37-67.21-105.07-134.75-178.51-172.83
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-21%-23%-28%-38%
Compounded Profit Growth%%%-11%
Stock Price CAGR9%31%53%8%
Return on Equity%%%%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital727272727272727272727272
Reserves1,1391,1681,2421,2511,1551,10769850520-733-1,680-2,933
Borrowings2,1182,3032,0012,2282,2592,1431,9431,8781,8451,8333,4714,535
Other Liabilities3,3143,1483,1113,2263,2172,9232,6772,9053,0193,1862,8382,637
Total Liabilities6,6436,6916,4266,7776,7046,2455,3895,3604,9554,3584,7014,311
Fixed Assets421494488493493403370336324300285258
CWIP500000000000
Investments011110111220
Other Assets6,2176,1965,9376,2836,2115,8415,0185,0234,6304,0574,4144,052
Total Assets6,6436,6916,4266,7776,7046,2455,3895,3604,9554,3584,7014,311
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-5-8254524250370469327304150-1,857-23
Cash from Investing Activity142-19-18-31-2542-18-2022
Cash from Financing Activity-130-117-534-91-232-413-459-370-306-1431,883-9
Net Cash Flow7-218-7-98-7-110-35-4828-30
Free Cash Flow137-101527-7225369468335302151-1,856-23
CFO/OP148%-22%145%20%81%178%-286%230%-96%-38%329%6%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days262296230332322119259218306209288106
Inventory Days8513971025182819106
Days Payable248276303278257259687410752521892684
Cash Conversion Cycle2224-606372-130-403-173-418-293-594-572
Working Capital Days596617-18-49-68-136-124-203-214-1,2941,287
ROCE %4%10%10%10%8%5%-6%4%-11%-15%-25%-27%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters75.00%75.00%51.01%51.01%51.01%51.01%51.01%51.01%51.01%51.01%51.01%51.01%
FIIs0.02%0.01%0.08%0.17%0.15%0.00%0.02%0.01%0.09%0.05%0.10%0.01%
DIIs0.26%0.26%0.26%0.26%0.26%0.26%0.14%0.14%0.00%0.00%0.00%0.00%
Public24.73%24.74%48.67%48.57%48.59%48.73%48.83%48.86%48.90%48.95%48.89%48.98%
No. of Shareholders77,34476,82196,61893,73990,45884,01175,71773,31971,75169,30068,58967,585

Fundamentals

Market Cap₹ 1,850 Cr.
Current Price₹ 255
Book Value₹ -396
ROCE-26.9 %
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-38%
Compounded Profit Growth (TTM)-11%
Consolidated figures.
Valuation
Market capRs 1,740 Cr
Enterprise valueRs 6,225 Cr
Price to book-0.61x
Price to sales7.67x
EV / sales27.44x
Earnings yield-71.69%
P/B, 3-year average-0.38x
P/B, 5-year average0.99x
Profitability
Operating margin (excl. other income)-194.58%
Operating margin (incl. other income)-151.99%
EBITDA margin-173.37%
Pre-tax margin-550.53%
Net profit margin-549.72%
Net margin, latest quarter-1419.51%
ROE57.65%
ROCE-26.38%
ROA-28.59%
ROE, 3-year average136.63%
ROCE, 3-year average-22.15%
ROA, 3-year average-22.11%
ROE, 5-year average47.54%
ROCE, 5-year average-14.63%
ROA, 5-year average-15.83%
ROIC (approx.)-24.77%
Other income / net worth-4.46%
Growth
Sales growth (latest year)-33.77%
Sales CAGR, 3 years-28.10%
Sales CAGR, 5 years-23.44%
Sales growth QoQ-68.50%
Sales growth YoY (latest quarter)-82.18%
Per share
EPS (TTM)Rs -171.84
EPS (latest quarter)Rs -30.88
EPS, 3-year averageRs -119.91
EPS, 5-year averageRs -83.10
Book value per shareRs -394.17
Sales per shareRs 31.26
Cash flow per shareRs -3.16
Free cash flow per shareRs -3.17
Efficiency
Asset turnover0.07x
Fixed asset turnover1.16x
Inventory turnover60.86x
Inventory days6 days
Debtor days106 days
Debtors turnover3.44x
Creditor days684 days
Cash conversion cycle-572 days
Working capital days1287 days
Leverage
Total debtRs 4,535 Cr
Cash and bankRs 49 Cr
Net debtRs 4,485 Cr
Debt to equity-1.59x
Interest coverage-0.48x
Current ratio (filing 2026-03-31)1.43x
Quick ratio (filing 2026-03-31)1.42x
Trade payables (filing 2026-03-31)Rs 1,129 Cr
Owners' fund to total sources-66.36%
Debt to assets105.19%
Cash flow
Cash from Operating Activity (latest year)Rs -23 Cr
Cash from Investing Activity (latest year)Rs 2 Cr
Cash from Financing Activity (latest year)Rs -9 Cr
Net Cash Flow (latest year)Rs -30 Cr
Free cash flow (latest year)Rs -23 Cr
FCFE (approx.: FCF + change in debt)Rs 1,040 Cr
Statement figures
Net sales (TTM)Rs 227 Cr
Net sales (latest year)Rs 300 Cr
Sales (latest quarter)Rs 16 Cr
Operating profit excl. other income (latest year)Rs -583 Cr
Operating profit (latest quarter)Rs -102 Cr
Other income (TTM)Rs 187 Cr
EBITDA (TTM)Rs -393 Cr
PBDT (TTM)Rs -1,240 Cr
Profit before tax (TTM)Rs -1,249 Cr
Net profit (TTM)Rs -1,247 Cr
Net profit (latest year)Rs -1,288 Cr
Net profit (latest quarter)Rs -224 Cr
Depreciation (TTM)Rs 9 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 847 Cr
Cost of goods sold (latest year)Rs 603 Cr
Total expenditure (latest year)Rs 883 Cr
Total income (latest year)Rs 427 Cr
Share capitalRs 72 Cr
ReservesRs -2,933 Cr
Shareholders' fundsRs -2,861 Cr
Total assetsRs 4,311 Cr
Net blockRs 258 Cr
Capital work in progressRs 0 Cr
ReceivablesRs 87 Cr
InventoryRs 10 Cr
Other liabilitiesRs 2,637 Cr
Shares outstanding (crore)7.26
Ownership
Promoter holding51.01% (+0.00 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).
PeriodBGRENERGYNifty 50Difference
1 week-4.7%-2.8% -1.9 pts
1 month+2.8%-6.8% +9.6 pts
3 months-21.7%-7.6% -14.1 pts
6 months-2.4%+0.4% -2.8 pts
1 year+4.3%-9.9% +14.2 pts
2 years+366.6%-13.6% +380.2 pts
3 years+235.7%+14.2% +221.6 pts
5 years+267.4%+27.9% +239.5 pts

Red flags

F-score 2 of 8
seriousNegative equity Shareholders' equity is negative
seriousInsolvency process Insolvency process 2026-10-01: BGR Energy Systems Limited has informed the Exchange about Corporate Insolvency Resolution Process - NCLAT - Receipt of Copy of Adjournment
explainDebt up, profit down Borrowings up 31% while net profit fell in 2026
lookRepeated losses Net loss in each of the last two years
lookOn NSE surveillance On NSE surveillance: Insolvency
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

Jun 2026
Sales ₹16 Cr -82.0% vs Jun 2025. Net loss ₹223 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-08-02Annual General Meeting
2015-09-16 Annual General Meeting
2014-09-18Annual General Meeting / Dividend - Rs 3/- Per Share
2013-09-17Annual General Meeting / Dividend - Rs 7/- Per Share
2012-09-13Annual General Meeting/ Dividend Rs 7 Per Share
2011-09-15Annual General Meeting And Dividend Rs.10/- Per Share
2010-09-16Annual General Meeting And Dividend Rs.7/- Per Share
2009-09-07Agm/Div-Rs.3/- Per Share
2008-09-11Agm/Dividend - 20%
DateTypeWhat it says
2026-10-01Corporate Insolvency ResolutCorporate Insolvency Resolution Process - NCLAT - Receipt of Copy of Adjournment Order
2026-09-30ResignationResignation of Mrs.Sasikala Raghupathy as Chairperson and Non Executive Non Independent Director of the company w.e.f. September 30, 2026.
2026-09-30ResignationResignation of Resignation of Mrs. Sasikala Raghupathy. as Chairperson and Non- Executive Director of the company w.e.f. September 30, 2026.
2026-09-29Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-09-25UpdatesProposal.
2026-09-23Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-09-23Change in ManagementChange in Management - Reappointment of Managing Director
2026-09-23Shareholder meetingVoting results.
2026-09-22Shareholder meetingProceedings of Annual General Meeting held on September 22, 2026
2026-09-21General UpdatesGeneral Updates
2026-09-11Shareholder meetingAddendum to the none of 40th Annual General Meeting to be held on September 22, 2026
2026-09-11General UpdatesGeneral Updates
2026-09-01Press ReleaseA press release dated September 01, 2026, titled "Copy of the Newspaper Publication - Notice of 40th Annual General Meeting ".
2026-08-31Shareholder meetingNotice of Annual General Meeting to be held on September 22, 2026
2026-07-30Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-07-29AgreementsLoan Agreements
2026-07-29Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-07-29Change in ManagementChange in Management
2026-07-29Board meeting outcomeBGR Energy Systems Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-07Updates.Disclosures by listed company of defaults on payment of interest/ repayment of principal amount in loans from banks/ financial institutions for the ...
2026-07-06General UpdatesGeneral Updates
2026-07-06Shareholder meetingVoting results.
2026-07-01Reply to Clarification- FinaThe Exchange had sought clarification from BGR Energy Systems Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Lis...
2026-06-24Disclosure under SEBI TakeovBGR Energy Systems Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Su...
2026-06-23Corporate Insolvency ResolutDisclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 Update on Insolvency Proceedings before Hon ble NCLAT
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.
Order dateForumCase
2021-02-25NCLTPathukasahasram Raghunathan Raman (RP) M/s Of (RA-NI Precast Pvt Ltd) Vs BGR Energy Systems Ltd & 5 Ors
2021-02-17NCLTKaramtara Engineering Pvt Ltd Vs BGR Energy Systems Ltd
2020-10-29NCLTMacawber Beekay Pvt Ltd Vs BGR Energy Systems Ltd
2020-09-29NCLTSarens Heavy Lift India Pvt Ltd Vs BGR Energy Systems Ltd
2020-09-29NCLTPremium Transmission Pvt Ltd Vs BGR Energy Systems Ltd
2020-09-18NCLTMacawber Beekay Pvt Ltd Vs BGR Energy Systems Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
EPS in the scrip is zero (4 trailing quarters)Insolvency Resolution Process(IRP)Loss making

Quick answers

What is the market cap of BGR Energy Systems Ltd?

BGR Energy Systems Ltd (BGRENERGY) has a market capitalisation of Rs 1,850 Cr. at the 2026-10-01 close.

What were BGR Energy Systems Ltd's latest quarterly results?

In the Jun 2026 quarter, BGR Energy Systems Ltd sales was Rs 16 Cr (-82.0% vs Jun 2025) with a net loss of Rs 223 Cr.

What is the 52-week high and low of BGR Energy Systems Ltd?

The 52-week high is Rs 490.80 and the 52-week low is Rs 218.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03