Bharat Seats Peer Comparison

NSE: BHARATSE | BSE: 523229

₹210.18

₹9.34 (4.65%)

As on 09-Oct-2026IST

Market cap

₹1,318 Cr

Revenue (TTM)

₹2,102 Cr

P/E Ratio

28.5

P/B Ratio

5.4

Div. Yield

0.7 %

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	Bharat Seats	Lumax Auto	Varroc Engineering	Steel Strips Wheel	Wheels India
Market cap (₹ Cr)	1,318	12,463	12,122	6,392	5,930
Revenue (₹ Cr)	2,102	5,208	9,497	5,506	5,690
Net Profit (₹ Cr)	46.27	381.78	195.67	212.24	156.62
Net Margin (%)	2.20	7.26	2.06	3.85	2.74
RoE (%)	21.67	29.66	26.17	12.08	16.31
Price to Earnings	28.49	38.46	61.46	30.09	36.28
Price-To-Book	5.43	9.52	6.53	3.60	3.93

Income Statement (₹ Cr)

	Bharat Seats	Lumax Auto	Varroc Engineering	Steel Strips Wheel	Wheels India
Operating Revenue	2,101.72	5,207.57	9,497.18	5,505.84	5,690.44
Total Income	2,107.01	5,258.27	9,517.02	5,509.04	5,711.90
Total Expenditure	1,996.09	4,483.75	8,641.21	4,954.18	5,259.44
EBITDA	105.62	723.82	855.97	551.66	431.00
Depreciation	36.70	189.21	334.94	141.87	121.73
EBIT	68.92	534.61	521.03	409.79	309.27
Interest	9.86	107.08	128.55	126.68	117.60
Other Income	5.29	50.70	19.84	3.20	21.46
Exceptional Items	-1.37	-14.50	-104.88	0.00	0.00
Profit before Tax	62.98	463.73	307.44	286.31	213.13
Provision for Tax	16.71	81.95	111.77	74.07	56.51
Profit after Tax	46.27	381.78	195.67	212.24	156.62

	Bharat Seats	Lumax Auto	Varroc Engineering	Steel Strips Wheel	Wheels India
Shareholder's Funds	229.66	1,210.22	1,780.34	1,804.81	1,041.46
Minority Interest	0.00	-57.71	-2.88	0.00	-2.96
Non-Current Liabilities	101.42	596.42	429.32	400.10	408.67
Current Liabilities	405.57	1,874.60	2,627.19	1,626.46	2,063.33
Total Liabilities	736.65	3,946.94	4,867.91	3,831.38	3,514.17

	Bharat Seats	Lumax Auto	Varroc Engineering	Steel Strips Wheel	Wheels India
Non-Current Assets	314.33	1,676.48	2,144.09	2,132.70	1,589.10
Current Assets	355.58	1,977.06	2,317.24	1,635.79	1,804.28
Total Assets	736.65	3,946.94	4,867.91	3,831.38	3,514.17
Total Debt*	50.22	998.60	737.70	825.95	689.66
Net Current Assets	-49.99	102.46	-309.94	9.33	-259.05
Contingent Liabilities	45.64	36.07	218.26	60.22	48.56

	Bharat Seats	Lumax Auto	Varroc Engineering	Steel Strips Wheel	Wheels India
Cash From Operating Activities	106.71	460.16	536.80	331.65	477.35
Cash Flow from Investing Activities	-47.20	-280.48	-122.98	-186.23	-291.70
Cash from Financing Activities	-47.15	-169.95	-405.49	-144.11	-174.76
Net Cash Inflow / Outflow	12.35	9.73	8.34	1.31	10.89

	Bharat Seats	Lumax Auto	Varroc Engineering	Steel Strips Wheel	Wheels India
ROCE (%)	24.45	26.17	18.91	15.38	19.47
ROE (%)	21.67	29.66	26.17	12.08	16.31
ROA (%)	6.68	10.63	4.10	5.87	4.66
EBIT Margin (%)	3.28	10.27	5.49	7.44	5.43
Net Margin (%)	2.20	7.26	2.06	3.85	2.74
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Bharat Seats	Lumax Auto	Varroc Engineering	Steel Strips Wheel	Wheels India
Revenue Growth (%)	48.32	33.28	14.66	19.94	17.47
EBIT Growth (%)	30.45	46.84	11.46	8.46	15.23
Net Profit Growth (%)	31.21	58.09	38.32	5.13	38.44
EPS Growth (%)	11.60	79.19	57.63	5.18	39.49
Book Value Growth (%)	18.05	29.48	13.75	11.55	12.96

	Bharat Seats	Lumax Auto	Varroc Engineering	Steel Strips Wheel	Wheels India
Price / Earnings	27.88	37.10	26.74	30.07	33.00
Price / Book Value	5.43	9.52	6.53	3.60	3.93
Dividend Yield (%)	0.71	0.30	0.19	0.37	0.65
EV/EBITDA	12.81	18.12	14.74	13.06	15.35
Market Cap (₹ Cr)	886.71	10,382.57	7,152.40	2,676.92	2,434.63

	Bharat Seats	Lumax Auto	Varroc Engineering	Steel Strips Wheel	Wheels India
Debt to Equity	0.16	0.31	0.12	0.15	0.25
Short term debt to equity ratio	--	0.37	0.26	0.25	0.28
Current Ratio	0.88	1.05	0.88	1.01	0.87
Quick Ratio	0.73	0.83	0.53	0.42	0.51
Interest Coverage	7.39	5.33	3.39	3.26	2.81

	Bharat Seats	Lumax Auto	Varroc Engineering	Steel Strips Wheel	Wheels India
Debtors to sales (%)	12.54	19.49	7.73	11.06	14.37
Asset Turnover	3.04	1.45	1.99	1.52	1.69
Receivable days	43.00	67.09	28.87	38.57	54.05
Inventory Days	10.81	28.90	34.01	59.68	50.61
Payable days	62.70	94.32	89.03	94.24	125.04
Cash Conversion Cycle	-8.89	1.67	-26.15	4.01	-20.38

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.