BGR Energy Systems Limited (BGRENERGY) AI Stock Analysis

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BGR Energy Systems Limited

(NSE:BGRENERGY)

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Rating:42Neutral

Price Target:INR 271.00▼(-3.90% Downside)

Action:reiterated

Date:08/28/26

The score is driven primarily by very weak financial performance, including deepening losses, negative gross profit, worsening negative equity, and elevated leverage with volatile/negative operating cash flow. Technicals provide only limited support (neutral oscillators but price still below key medium/long-term moving averages and negative MACD). Valuation is constrained by a negative P/E and no dividend yield data.

Positive Factors

Power-sector EPC capabilityAn established turnkey EPC and BoP model gives BGR Energy a defined role across power-generation projects, spanning engineering, procurement, construction and system integration. That breadth can support participation in complex infrastructure contracts over the medium term, although financial results remain weak.

Negative Factors

Revenue and margin deteriorationRevenue fell from 10.12B in FY2024 to 3.00B in FY2026, while net loss widened to 12.88B and gross profit stayed negative in recent years. This combination signals shrinking activity and weak project economics, making recovery dependent on a material turnaround in execution and margins.

BGR Energy Systems Limited (BGRENERGY) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 20.34B
Dividend Yield: ―
Average Volume (3M): 8,491
Price to Earnings (P/E): -1.6
Beta (1Y): 2.06
Revenue Growth: -38.23%
EPS Growth: -10.95%
Country: India
Employees: 375
Sector: General
Sector Strength: 55
Industry: Engineering & Construction

BGR Energy Systems Limited Business Overview & Revenue Model

Company Description

BGR Energy Systems Limited, operating with its subsidiaries both domestically in India and internationally, specializes in the manufacture and supply of critical capital equipment for the power generation, petrochemical, process, and refinery sectors...

BGR Energy Systems Limited Financial Statement Overview

Summary

Financial health is very weak: revenue has fallen sharply (FY2024 10.12B to FY2026 3.00B), losses have deepened (net loss widened to -12.88B in FY2026), and gross profit has been negative for multiple recent years. The balance sheet is severely stressed with deeply negative equity (-28.61B in FY2026) and rising debt (45.35B in FY2026). Cash flow deteriorated with a major operating cash flow swing negative in FY2025 (-18.57B), with only partial improvement in FY2026.

Income Statement

8Very Negative

Balance Sheet

6Very Negative

Cash Flow

14Very Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	2.27B	3.00B	4.52B	10.12B	8.06B	12.21B
Gross Profit	-3.16B	-3.77B	-1.68B	-679.80M	-386.70M	3.17B
EBITDA	-4.99B	-4.55B	-3.61B	-2.97B	-3.04B	646.30M
Net Income	-12.47B	-12.88B	-9.72B	-7.58B	-4.85B	-1.83B
Balance Sheet
Total Assets	0	43.11B	47.01B	43.58B	49.55B	53.60B
Cash, Cash Equivalents and Short-Term Investments	492.90M	492.90M	777.20M	902.10M	2.97B	2.74B
Total Debt	0	45.35B	34.71B	18.33B	18.45B	18.78B
Total Liabilities	29.03B	72.14B	63.41B	50.64B	49.06B	48.23B
Stockholders Equity	-29.03B	-28.61B	-16.08B	-6.61B	918.80M	5.77B
Cash Flow
Free Cash Flow	3.75B	-306.10M	-18.58B	1.49B	3.02B	3.25B
Operating Cash Flow	3.75B	-298.10M	-18.57B	1.50B	3.04B	3.27B
Investing Cash Flow	7.10M	18.70M	16.70M	3.40M	-20.00M	79.70M
Financing Cash Flow	-4.02B	-17.00M	18.83B	-1.43B	-3.06B	-3.70B

BGR Energy Systems Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price282.00

Price Trends

50DMA260.68Positive

100DMA278.66Positive

200DMA296.80Negative

Market Momentum

MACD8.11Positive

RSI51.98Neutral

STOCH39.57Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BGRENERGY, the sentiment is Positive. The current price of 282.00 is above the 20-day moving average (MA) of 278.47, above the 50-day MA of 260.68, and below the 200-day MA of 296.80, indicating a neutral trend. The MACD of 8.11 indicates Positive momentum. The RSI at 51.98 is Neutral, neither overbought nor oversold. The STOCH value of 39.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BGRENERGY.

BGR Energy Systems Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:BGRENERGY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:POWERMECH	74Outperform	INR 68.39B	17.48	―	0.07%	15.79%	22.69%
IN:LT	68Neutral	INR 5.31T	27.40	―	0.99%	11.15%	17.37%
IN:GVPIL	67Neutral	INR 38.11B	14.02	―	1.24%	18.73%	―
IN:TECHNOE	58Neutral	INR 96.55B	22.38	―	0.84%	38.72%	-6.77%
IN:ISGEC	57Neutral	INR 67.61B	34.51	―	0.65%	19.79%	-16.99%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:BGRENERGY	42Neutral	INR 20.35B	-1.63	―	―	-38.23%	-10.95%

* General Sector Average

Performance Comparison

IN:BGRENERGY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:BGRENERGY	BGR Energy Systems Limited	282.00	-148.80	-34.54%
IN:GVPIL	GE Power India Ltd.	566.85	263.89	87.10%
IN:ISGEC	ISGEC Heavy Engineering Ltd.	919.55	34.67	3.92%
IN:LT	Larsen & Toubro Limited	3858.00	-83.60	-2.12%
IN:POWERMECH	Power Mech Projects Ltd.	2163.15	-332.96	-13.34%
IN:TECHNOE	Techno Electric & Engineering Company Limited	830.15	-500.52	-37.61%

BGR Energy Systems Limited Corporate Events

BGR Energy Clears All Resolutions at 40th Virtual AGM

Sep 23, 2026

BGR Energy Systems Limited has reported the voting results of its 40th Annual General Meeting, held on September 22, 2026 via video conference and other audio-visual means. The company confirmed that all seven resolutions placed before shareholders w...

BGR Energy Issues Addendum to 40th AGM Notice Ahead of Shareholder Vote

Sep 11, 2026

BGR Energy Systems Limited has issued an addendum to its previously circulated notice for the 40th Annual General Meeting, scheduled to be held on September 22, 2026 via video conferencing and other audio-visual means. The company has already provide...

BGR Energy Board Seeks Shareholder Nod for Governance Changes

Sep 11, 2026

BGR Energy Systems Limited has announced that its Board of Directors, via circular resolution on 11 September 2026, has approved amendments to the company’s Articles of Association. These amendments will be placed before shareholders for approv...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 28, 2026

BGR Energy Systems Limited AI Stock Analysis

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