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BGR Energy Systems Limited
(BGRENERGY)
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Rating:42Neutral
Price Target:
₹215.00
▼(-37.92% 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
Broad EPC capabilities
The company covers multiple stages of power-project delivery and supplies a broad range of balance-of-plant systems. This scope can support cross-selling across project requirements and preserves relevance across different power-sector contract opportunities over the medium term.
Negative Factors
Severe revenue and profit deterioration
The combination of sharply declining revenue, widening net losses and repeated negative gross profit indicates that recent project activity is not producing economically viable scale. Persistent direct-cost losses undermine reinvestment capacity and make earnings recovery dependent on substantial operational improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Broad EPC capabilities
The company covers multiple stages of power-project delivery and supplies a broad range of balance-of-plant systems. This scope can support cross-selling across project requirements and preserves relevance across different power-sector contract opportunities over the medium term.
Read all positive factors
BGR Energy Systems Limited (BGRENERGY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹17.38B
Dividend Yield1.78%
Average Volume (3M)6.46K
Price to Earnings (P/E)―
Beta (1Y)1.96
Revenue Growth-38.23%
EPS Growth-10.95%
CountryIN
Employees375
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-172.83
Shares Outstanding72,161,560
10 Day Avg. Volume7,227
30 Day Avg. Volume6,461
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)-0.62
Price to Sales (P/S)5.91
P/FCF Ratio-57.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 sect...
How the Company Makes Money
BGR Energy Systems Limited primarily makes money by executing project-based contracts for industrial and power-generation customers. Under its EPC/turnkey model, revenue is generated from (i) engineering and project management services, (ii) manuf...
BGR Energy Systems Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
6
Very Negative
Cash Flow
14
Very Negative
| 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 | 0.00 | 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 | 0.00 | 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
Negative
346.30
Price Trends
258.01
Negative
283.15
Negative
302.72
Negative
Market Momentum
-0.43
Negative
44.69
Neutral
43.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BGRENERGY, the sentiment is Negative. The current price of 346.3 is above the 20-day moving average (MA) of 249.91, above the 50-day MA of 258.01, and above the 200-day MA of 302.72, indicating a bearish trend. The MACD of -0.43 indicates Negative momentum. The RSI at 44.69 is Neutral, neither overbought nor oversold. The STOCH value of 43.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BGRENERGY.
BGR Energy Systems Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹117.04B | 26.95 | ― | 0.70% | 38.72% | -6.77% | |
62 Neutral | ₹5.17T | 28.33 | ― | 1.03% | 9.78% | 13.15% | |
61 Neutral | ₹45.46B | 16.82 | ― | 1.03% | 18.73% | ― | |
61 Neutral | ₹78.75B | 20.01 | ― | 0.06% | 15.79% | 22.69% | |
57 Neutral | ₹65.20B | 34.51 | ― | 0.65% | 19.79% | -16.99% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
42 Neutral | ₹17.38B | -1.39 | ― | 1.78% | -38.23% | -10.95% |
* General Sector Average
IN:BGRENERGY
BGR Energy Systems Limited
239.70
-23.65
-8.98%
IN:GVPIL
GE Power India Ltd.
678.90
347.31
104.74%
IN:ISGEC
ISGEC Heavy Engineering Ltd.
918.00
28.21
3.17%
IN:LT
Larsen & Toubro Limited
3,685.50
50.85
1.40%
IN:POWERMECH
Power Mech Projects Ltd.
2,478.90
-251.11
-9.20%
IN:TECHNOE
Techno Electric & Engineering Company Limited
997.65
-330.79
-24.90%
BGR Energy Systems Limited Corporate Events
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 prov...
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 app...
BGR Energy Systems Confirms Postal Ballot Resolution Passed With Majority
Jul 6, 2026
BGR Energy Systems Limited has reported to the National Stock Exchange of India and BSE the results of a postal ballot conducted via e-voting, in line with Regulation 44(3) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2...
BGR Energy Systems Doubles Authorised Share Capital After Shareholder Approval
Jul 6, 2026
BGR Energy Systems Limited has secured shareholder approval via postal ballot to increase its authorised share capital, signaling preparations for potential future equity issuance. The company operates in the Indian power and energy infrastructure...
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.