Bharat Gears Key Ratios
NSE: BHARATGEAR | BSE: 505688
₹101.42
As on 23-Sep-2026IST
Market cap
₹155 Cr
Revenue (TTM)
₹820 Cr
P/E Ratio
10.3
P/B Ratio
1.2
Div. Yield
1 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 2.55 | 19.94 | 24.00 | 2.89 | 5.80 |
| EBIT | -62.41 | -25.47 | 604.42 | 10.27 | -3.39 |
| Net Profit | -97.04 | -90.89 | 285.81 | 21.20 | 4.88 |
| EPS | -97.04 | -90.89 | 125.94 | 9.90 | 3.66 |
| Book Value | -- | -- | 16.21 | 2.86 | 10.88 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 1.40 | 2.76 | 3.49 | 3.79 | 0.26 |
| Net Margin
| 0.37 | 1.28 | 1.82 | 2.09 | 0.49 |
| Return on equity
| 2.65 | 9.63 | 11.86 | 13.52 | 2.85 |
| Return on Capital
| 11.03 | 15.15 | -- | 19.82 | 11.11 |
| Return on Assets
| 0.93 | 2.55 | 3.92 | 4.41 | 0.87 |
| Debt to Equity (x)
| -- | -- | 0.13 | 0.44 | 0.54 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
--
|
19.82
|
11.11
|
2.16
|
16.03
|
|
Peer Median
|
--
|
15.30
|
14.95
|
15.81
|
--
|
ROE
11.86
Lower than Peers by 1.03
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
11.86
|
13.52
|
2.85
|
-8.43
|
11.79
|
|
Peer Median
|
12.89
|
13.52
|
13.71
|
14.59
|
--
|
ROA
3.92
Lower than Peers by 4.08
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
3.92
|
4.41
|
0.87
|
-2.50
|
3.34
|
|
Peer Median
|
8.01
|
7.25
|
7.36
|
7.16
|
--
|
EBIT Margin
3.49
Lower than Peers by 5.41
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
3.49
|
3.79
|
0.26
|
0.15
|
3.38
|
|
Peer Median
|
8.90
|
8.84
|
8.78
|
8.06
|
--
|
Net Margin
1.82
Lower than Peers by 5.03
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
1.82
|
2.09
|
0.49
|
-1.46
|
1.74
|
|
Peer Median
|
6.85
|
6.46
|
6.05
|
5.99
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
--
|
4.98
|
4.14
|
1.93
|
4.38
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
24.00
Higher than Peers by 13.86
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
24.00
|
21.10
|
-2.34
|
-13.48
|
5.06
|
|
Peer Median
|
10.14
|
17.62
|
10.70
|
9.28
|
--
|
EBIT Growth
604.42
Higher than Peers by 592.67
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
604.42
|
1,684.90
|
69.08
|
-96.20
|
-42.86
|
|
Peer Median
|
11.75
|
18.11
|
16.60
|
12.38
|
--
|
Net Profit Growth
285.81
Higher than Peers by 270.98
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
285.81
|
417.68
|
132.74
|
-172.21
|
-47.81
|
|
Peer Median
|
14.83
|
14.01
|
17.23
|
16.60
|
--
|
EPS Growth
125.94
Higher than Peers by 114.32
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
125.94
|
417.69
|
132.74
|
-172.21
|
-47.81
|
|
Peer Median
|
11.63
|
13.23
|
14.59
|
12.90
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
--
|
16.21
|
2.07
|
-8.26
|
11.43
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.13
Higher than Peers by 0.09
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
0.13
|
0.44
|
0.54
|
0.84
|
0.85
|
|
Peer Median
|
0.04
|
0.25
|
0.20
|
0.26
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
--
|
0.23
|
0.18
|
0.20
|
0.14
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.23
Lower than Peers by 0.40
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
1.23
|
1.23
|
1.22
|
1.26
|
1.43
|
|
Peer Median
|
1.63
|
1.56
|
1.65
|
1.50
|
--
|
Quick Ratio
0.75
Lower than Peers by 0.39
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
0.75
|
0.76
|
0.68
|
0.81
|
0.88
|
|
Peer Median
|
1.15
|
1.02
|
1.11
|
1.09
|
--
|
Interest Coverage
2.47
Lower than Peers by 8.62
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
2.47
|
2.57
|
1.23
|
0.26
|
2.03
|
|
Peer Median
|
11.09
|
10.30
|
9.86
|
10.04
|
--
|
Operating Efficiency
Debtors to sales
13.87
Lower than Peers by 2.85
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
13.87
|
14.51
|
14.96
|
17.52
|
15.99
|
|
Peer Median
|
16.73
|
16.76
|
16.73
|
17.94
|
--
|
Asset Turnover
2.14
Higher than Peers by 1.07
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
2.14
|
2.10
|
1.78
|
1.70
|
1.90
|
|
Peer Median
|
1.07
|
1.13
|
1.06
|
1.13
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
--
|
49.02
|
60.05
|
65.71
|
63.54
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
--
|
45.24
|
49.39
|
50.09
|
45.35
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
--
|
121.93
|
132.13
|
129.53
|
126.24
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
--
|
-27.67
|
-22.70
|
-13.74
|
-17.36
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
10.34
Lower than Peers by 23.82
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
10.34
|
8.00
|
31.61
|
--
|
11.73
|
|
Peer Median
|
34.16
|
34.89
|
30.10
|
31.45
|
--
|
Price / Book Value
1.18
Lower than Peers by 3.19
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
1.18
|
1.01
|
0.89
|
1.41
|
1.31
|
|
Peer Median
|
4.37
|
4.37
|
3.44
|
3.71
|
--
|
Dividend Yield
0.99
Higher than Peers by 0.57
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
0.99
|
1.16
|
--
|
--
|
--
|
|
Peer Median
|
0.42
|
0.42
|
0.50
|
0.46
|
--
|
EV/EBITDA
3.70
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
3.70
|
3.11
|
5.49
|
8.83
|
4.65
|
|
Peer Median
|
--
|
27.84
|
21.48
|
24.61
|
--
|
Market Cap
155
Lower than Peers by 3,572
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Gears
|
155
|
132
|
101
|
155
|
158
|
|
Peer Median
|
3,727
|
3,422
|
2,631
|
1,798
|
--
|