MarketFriction

Bharat Seats Ltd

NSE BHARATSE · BSE 523229 · Auto Components & Equipments
₹204.65 -3.64%
NSE close2026-10-01
52 week range133.60 - 263.18
Market cap₹1,344 Cr.
P/E28.4
Price band 20% Delivery 54.6%

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

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales286250278299291306393427459491574578
Expenses269235261282273288370405436466545550
Operating Profit171517171819232223253028
OPM %6%6%6%6%6%6%6%5%4.9%5%5%4.9%
Other Income111111113-011
Interest222222223222
Depreciation666667789999
Profit before tax981191010151213131918
Tax %25%27%23%26%26%26%25%26%26%26%28%25%
Net Profit76877811910101313
EPS in Rs1.080.881.291.051.131.211.811.461.581.582.112.10
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7008409709045895488181,0511,0671,2891,9512,102
Expenses6708039058535535217851,0051,0061,2131,8521,996
Operating Profit3037655036273246617599106
OPM %4.3%4.4%7%6%6%4.9%3.9%4.4%6%6%5%5%
Other Income211522545444
Interest54333444891010
Depreciation171719212218181724263537
Profit before tax10174431127163034445863
Tax %27%28%35%31%-2%28%25%27%25%26%27%
Net Profit7122821135122225334246
EPS in Rs1.151.944.493.411.990.771.903.433.995.216.727.37
Dividend Payout %39%23%11%15%13%33%21%20%20%21%22%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%29%23%48%
Compounded Profit Growth19%57%26%34%
Stock Price CAGR24%39%52%19%
Return on Equity17%17%18%20%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital66666666661313
Reserves4047568098107110121140161182217
Borrowings917563252940353966160152110
Other Liabilities12712214017214089140171146179301397
Total Liabilities265250265285273242291337358505648737
Fixed Assets150144146136152150126147199276283356
CWIP3101302230812499012
Investments-0-0-0-0-0-0-0-0-0-0-0-0
Other Assets11110411913512169135182147181275369
Total Assets265250265285273242291337358505648737
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3634386935281916435796107
Cash from Investing Activity-13-6-17-23-24-34-12-15-59-73-68-47
Cash from Financing Activity-23-28-22-44-4-3-7-21716-25-47
Net Cash Flow00027-9-0-10-0312
Free Cash Flow2328224610-670-17-162859
CFO/OP116%122%111%127%89%93%80%56%127%113%137%122%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days404341353122554934355649
Inventory Days798121116242812161913
Days Payable566061665957996848598769
Cash Conversion Cycle-8-8-13-19-17-19-209-3-7-13-7
Working Capital Days-35-34-26-13-12-18-132-13-17-20-12
ROCE %13%12%17%40%28%11%7%12%18%15%16%20%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.59%74.59%74.59%74.59%74.59%74.59%74.66%74.66%74.66%74.66%74.66%74.66%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.03%0.27%0.06%0.15%0.15%
DIIs0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.12%0.21%0.21%0.22%
Public25.30%25.29%25.30%25.30%25.31%25.30%25.22%25.20%24.95%25.05%24.97%24.96%
No. of Shareholders13,12713,41014,89415,12116,67727,01626,43825,96526,89828,46629,71230,200

Fundamentals

Market Cap₹ 1,344 Cr.
Current Price₹ 214
Stock P/E28.4
Book Value₹ 36.6
ROCE20.2 %
ROE20.4 %
Dividend Yield0.70 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)48%
Compounded Profit Growth (TTM)34%
Standalone figures.
Valuation
Market capRs 1,285 Cr
Enterprise valueRs 1,380 Cr
P/E (TTM)27.78x
Price to book5.60x
Price to sales0.61x
EV / EBITDA12.60x
EV / EBIT18.94x
EV / sales0.66x
Price to cash flow12.04x
Earnings yield3.60%
Dividend yield0.73%
P/E, 3-year average14.86x
P/B, 3-year average2.55x
P/E, 5-year average11.86x
P/B, 5-year average1.87x
Profitability
Operating margin (excl. other income)5.09%
Operating margin (incl. other income)5.28%
EBITDA margin5.21%
Pre-tax margin3.00%
Net profit margin2.20%
Net margin, latest quarter2.29%
ROE19.91%
ROCE19.76%
ROA6.10%
ROE, 3-year average18.00%
ROCE, 3-year average16.93%
ROA, 3-year average5.86%
ROE, 5-year average15.91%
ROCE, 5-year average16.17%
ROA, 5-year average5.51%
ROIC (approx.)16.47%
Tax rate26.68%
Other income / net worth1.65%
Growth
Sales growth (latest year)51.37%
Profit growth (latest year)29.14%
Sales CAGR, 3 years22.90%
Sales CAGR, 5 years28.93%
Profit CAGR, 3 years25.14%
Profit CAGR, 5 years54.42%
Sales growth QoQ0.62%
Profit growth QoQ-0.30%
Sales growth YoY (latest quarter)35.30%
Profit growth YoY (latest quarter)43.90%
Per share
EPS (TTM)Rs 7.37
EPS (latest year)Rs 6.72
EPS (latest quarter)Rs 2.10
EPS, 3-year averageRs 6.64
EPS, 5-year averageRs 6.11
Book value per shareRs 36.57
Sales per shareRs 334.67
Cash flow per shareRs 16.99
Free cash flow per shareRs 9.39
Dividend per share (latest year)Rs 1.50
Dividend per share, 3-year averageRs 1.40
Dividend per share, 5-year averageRs 1.28
Dividends
Dividend payout22.31%
Dividend payout, 3-year average21.16%
Dividend payout, 5-year average20.99%
Efficiency
Asset turnover2.65x
Fixed asset turnover5.48x
Inventory turnover29.05x
Inventory days13 days
Debtor days49 days
Debtors turnover7.41x
Creditor days69 days
Cash conversion cycle-7 days
Working capital days-12 days
Leverage
Total debtRs 110 Cr
Cash and bankRs 15 Cr
Net debtRs 95 Cr
Debt to equity0.48x
Net debt / EBITDA0.86x
Interest coverage7.39x
Current ratio (filing 2026-03-31)0.88x
Quick ratio (filing 2026-03-31)0.73x
Trade payables (filing 2026-03-31)Rs 319 Cr
Owners' fund to total sources31.18%
Debt to assets14.95%
Cash flow
Cash from Operating Activity (latest year)Rs 107 Cr
Cash from Investing Activity (latest year)Rs -47 Cr
Cash from Financing Activity (latest year)Rs -47 Cr
Net Cash Flow (latest year)Rs 12 Cr
Free cash flow (latest year)Rs 59 Cr
FCFE (approx.: FCF + change in debt)Rs 17 Cr
Cash from ops / profit, 5 years2.38x
Sales to cash flow18.28x
Statement figures
Net sales (TTM)Rs 2,102 Cr
Net sales (latest year)Rs 1,951 Cr
Sales (latest quarter)Rs 578 Cr
Operating profit excl. other income (latest year)Rs 99 Cr
Operating profit (latest quarter)Rs 28 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 110 Cr
PBDT (TTM)Rs 100 Cr
Profit before tax (TTM)Rs 63 Cr
Tax (latest year)Rs 15 Cr
Net profit (TTM)Rs 46 Cr
Net profit (latest year)Rs 42 Cr
Net profit (latest quarter)Rs 13 Cr
Depreciation (TTM)Rs 37 Cr
Depreciation (latest quarter)Rs 9 Cr
Interest (TTM)Rs 10 Cr
Cost of goods sold (latest year)Rs 1,750 Cr
Total expenditure (latest year)Rs 1,852 Cr
Total income (latest year)Rs 1,955 Cr
Share capitalRs 13 Cr
ReservesRs 217 Cr
Shareholders' fundsRs 230 Cr
Total assetsRs 737 Cr
Net blockRs 356 Cr
Capital work in progressRs 12 Cr
ReceivablesRs 263 Cr
InventoryRs 60 Cr
Other liabilitiesRs 397 Cr
Shares outstanding (crore)6.28
Ownership
Promoter holding74.66% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 27.8 is at the 69th percentile of its own 9.4-year range (median 21.9, low 5.2, high 62.4).
P/B 5.60 is at the 79th percentile (median 2.87).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBHARATSENifty 50Difference
1 week-5.9%-2.8% -3.1 pts
1 month-6.7%-6.8% +0.1 pts
3 months-14.6%-7.6% -7.0 pts
6 months+45.3%+0.4% +44.9 pts
1 year+15.1%-9.9% +25.0 pts
3 years+235.2%+14.2% +221.0 pts
5 years+411.6%+27.9% +383.7 pts

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
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 ₹578 Cr +35.4% vs Jun 2025. Net profit ₹13 Cr +44.4%.
Against our estimate for Jun 2026: sales -11.7%, profit -7.3% miss. Our estimate for Sep 2026: sales Rs 646 Cr, profit Rs 14 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Rs 1.50 Per Share
2025-07-02Annual General Meeting/Dividend - Rs 1.10 Per Share
DateTypeWhat it says
2026-09-25Credit RatingCredit Rating
2026-09-08Shareholder meetingNotice of Postal Ballot
2026-08-05General UpdatesNotice of Postal Ballot for seeking shareholders approval the appointment of Directors and enhancement of Borrowing limits.
2026-08-04Change in ManagementChange in Management
2026-08-04Director changeChange in Director(s) of the company.
2026-08-04General UpdatesOutcome of the meeting of Board of Directors as per Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclo...
2026-08-04Board meeting outcomeBharat Seats Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-30ResignationResignation of Mr C.V Raman as Director of the company w.e.f. July 30, 2026.
2026-07-24Director changeChange in Director(s) of the company.
2026-07-24Shareholder meetingDeclaration of Result by the Chairman in respect of 39th AGM of the Company held today i.e. July 24, 2026.
2026-07-24Shareholder meetingAGM Proceedings
2026-07-24Shareholder meetingBharat Seats Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 24, 2026
2026-07-24Shareholder meetingOutcome
2026-06-29Disclosure under SEBI TakeovSuzuki Motor Corporation has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Subs...
2026-06-25Shareholder meetingNotice of Annual General Meeting to be held on July 24, 2026
2026-06-25General UpdatesGeneral Updates under regulation 36(1)(b) of LODR- Letter to Shareholders
2026-06-25General UpdatesGeneral Updates
2026-05-30General UpdatesNewspaper Publication of notice for opening of special window for transfer and dematerialisation of physical securities.
2026-05-20Disclosure under SEBI TakeovMaruti Suzuki India Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (S...
2026-05-12General UpdatesGeneral Updates
2026-05-06General UpdatesAGM
2026-05-06Director changeChange in Director(s) of the company.
2026-05-06Record DateRecord date for the purpose of Dividend is 17-Jul-2026.
2026-05-06General UpdatesGeneral Updates
2026-05-06Board meeting outcomeBharat Seats Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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 Bharat Seats Ltd?

Bharat Seats Ltd (BHARATSE) has a market capitalisation of Rs 1,344 Cr. at the 2026-10-01 close.

What is the P/E ratio of Bharat Seats Ltd?

Bharat Seats Ltd trades at a P/E of 28.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Bharat Seats Ltd's latest quarterly results?

In the Jun 2026 quarter, Bharat Seats Ltd sales was Rs 578 Cr (+35.4% vs Jun 2025) and net profit was Rs 13 Cr.

What is the 52-week high and low of Bharat Seats Ltd?

The 52-week high is Rs 263.18 and the 52-week low is Rs 133.60.

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