Bharat Seats Key Ratios
NSE: BHARATSE | BSE: 523229
₹195.62
As on 30-Oct-2026IST
Market cap
₹1,232 Cr
Revenue (TTM)
₹2,352 Cr
P/E Ratio
23.9
P/B Ratio
5
Div. Yield
0.8 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 22.74 | 54.65 | 48.42 | 30.79 | 26.18 |
| EBIT | 16.95 | 62.17 | 40.02 | 32.03 | 33.17 |
| Net Profit | 15.08 | 53.54 | 38.15 | 30.64 | 30.06 |
| EPS | 15.08 | 53.54 | 35.50 | 29.80 | 29.56 |
| Book Value | -- | -- | 18.05 | 16.21 | 14.51 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 3.51 | 3.02 | 3.29 | 3.27 | 3.82 |
| Net Margin
| 2.34 | 2.10 | 2.19 | 2.16 | 2.53 |
| Return on equity
| 18.00 | 15.91 | 21.99 | 19.91 | 18.10 |
| Return on Capital
| 20.77 | 18.57 | -- | 24.45 | 19.94 |
| Return on Assets
| 5.86 | 5.51 | 6.92 | 6.10 | 5.67 |
| Debt to Equity (x)
| -- | -- | 0.13 | 0.22 | 0.41 |
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 Seats
|
--
|
24.45
|
19.94
|
17.91
|
17.95
|
|
Peer Median
|
--
|
19.47
|
22.02
|
--
|
--
|
ROE
21.99
Higher than Peers by 6.35
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
21.99
|
19.91
|
18.10
|
16.00
|
15.76
|
|
Peer Median
|
15.64
|
16.10
|
16.42
|
--
|
--
|
ROA
6.92
Higher than Peers by 0.81
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
6.92
|
6.10
|
5.67
|
5.81
|
6.20
|
|
Peer Median
|
6.12
|
5.26
|
7.85
|
--
|
--
|
EBIT Margin
3.29
Lower than Peers by 3.85
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
3.29
|
3.27
|
3.82
|
3.45
|
2.78
|
|
Peer Median
|
7.14
|
5.55
|
5.81
|
--
|
--
|
Net Margin
2.19
Lower than Peers by 2.51
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
2.19
|
2.16
|
2.53
|
2.34
|
2.04
|
|
Peer Median
|
4.70
|
3.23
|
5.82
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
--
|
3.97
|
4.57
|
4.60
|
3.67
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
48.42
Higher than Peers by 35.08
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
48.42
|
51.37
|
20.81
|
1.50
|
28.55
|
|
Peer Median
|
13.34
|
22.26
|
6.93
|
--
|
--
|
EBIT Growth
40.02
Higher than Peers by 17.31
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
40.02
|
29.76
|
33.80
|
26.10
|
100.48
|
|
Peer Median
|
22.70
|
25.87
|
23.36
|
--
|
--
|
Net Profit Growth
38.15
Higher than Peers by 13.03
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
38.15
|
29.15
|
30.52
|
16.28
|
80.86
|
|
Peer Median
|
25.12
|
35.50
|
37.38
|
--
|
--
|
EPS Growth
35.50
Higher than Peers by 24.99
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
35.50
|
29.14
|
30.52
|
16.28
|
80.86
|
|
Peer Median
|
10.51
|
49.06
|
-11.12
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
--
|
18.05
|
16.62
|
14.00
|
15.10
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.13
Lower than Peers by 0.01
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
0.13
|
0.22
|
0.41
|
0.53
|
0.41
|
|
Peer Median
|
0.15
|
0.41
|
0.66
|
--
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
--
|
--
|
0.09
|
0.18
|
0.19
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.85
Lower than Peers by 0.19
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
0.85
|
0.88
|
0.80
|
0.76
|
0.79
|
|
Peer Median
|
1.04
|
1.05
|
1.05
|
--
|
--
|
Quick Ratio
0.71
Lower than Peers by 0.08
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
0.71
|
0.73
|
0.63
|
0.58
|
0.62
|
|
Peer Median
|
0.78
|
0.80
|
0.86
|
--
|
--
|
Interest Coverage
8.70
Higher than Peers by 4.26
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
8.70
|
6.66
|
5.93
|
5.34
|
9.15
|
|
Peer Median
|
4.44
|
4.46
|
3.23
|
--
|
--
|
Operating Efficiency
Debtors to sales
12.20
Lower than Peers by 2.33
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
12.20
|
13.50
|
15.26
|
9.68
|
9.18
|
|
Peer Median
|
14.54
|
14.69
|
12.85
|
--
|
--
|
Asset Turnover
3.16
Higher than Peers by 1.54
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
3.16
|
2.82
|
2.24
|
2.47
|
3.03
|
|
Peer Median
|
1.62
|
1.66
|
1.56
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
--
|
43.00
|
42.46
|
34.17
|
35.98
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
--
|
10.81
|
13.47
|
11.73
|
14.21
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
--
|
62.70
|
67.73
|
53.66
|
50.31
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
--
|
-8.89
|
-11.79
|
-7.77
|
-0.12
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
23.88
Lower than Peers by 2.55
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 Seats
|
23.88
|
21.00
|
14.75
|
8.99
|
11.83
|
|
Peer Median
|
26.43
|
26.43
|
22.59
|
--
|
--
|
Price / Book Value
4.95
Higher than Peers by 0.86
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 Seats
|
4.95
|
3.86
|
2.48
|
2.70
|
1.74
|
|
Peer Median
|
4.09
|
4.09
|
3.90
|
--
|
--
|
Dividend Yield
0.76
Higher than Peers by 0.15
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 Seats
|
0.76
|
1.06
|
1.43
|
1.12
|
1.72
|
|
Peer Median
|
0.62
|
0.62
|
0.60
|
--
|
--
|
EV/EBITDA
10.88
--
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 Seats
|
10.88
|
8.82
|
7.08
|
8.25
|
6.23
|
|
Peer Median
|
--
|
21.90
|
18.14
|
--
|
--
|
Market Cap
1,232
Lower than Peers by 4,231
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Seats
|
1,232
|
887
|
482
|
451
|
255
|
|
Peer Median
|
5,462
|
5,462
|
1,622
|
--
|
--
|