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Bharat Gears Limited
(BHARATGEAR)
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Rating:56Neutral
Price Target:
₹104.00
▼(-5.84% Downside)
Action:Reiterated
Date:09/20/26
The score is driven primarily by a recovering but still volatile financial profile (thin margins and uneven cash flow despite improved leverage and positive FCF), alongside weak technical momentum (below key moving averages with a negative MACD). A relatively low P/E and modest dividend yield provide some valuation support but do not fully offset the bearish technical backdrop.
Positive Factors
Revenue Growth Recovery
The return to stronger revenue growth after a weaker period indicates improving demand for the company’s gearing products. Sustained top-line expansion can support better capacity utilization, strengthen customer relationships, and provide a foundation for earnings improvement over the next several quarters.
Negative Factors
Thin Net Margins
A thin net margin leaves limited room for higher input costs, pricing pressure, or operational inefficiency before earnings are materially affected. It also means modest changes in revenue or expenses can produce disproportionately large swings in net profit, reducing earnings durability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Recovery
The return to stronger revenue growth after a weaker period indicates improving demand for the company’s gearing products. Sustained top-line expansion can support better capacity utilization, strengthen customer relationships, and provide a foundation for earnings improvement over the next several quarters.
Read all positive factors
Bharat Gears Limited (BHARATGEAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.52B
Dividend Yield1.01%
Average Volume (3M)1.72K
Price to Earnings (P/E)10.3
Beta (1Y)0.97
Revenue Growth24.00%
EPS Growth125.67%
CountryIN
Employees1,107
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)9.78
Shares Outstanding15,355,058
10 Day Avg. Volume1,804
30 Day Avg. Volume1,724
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.01
Price to Sales (P/S)0.17
P/FCF Ratio16.20
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
Bharat Gears Limited Business Overview & Revenue Model
Company Description
Bharat Gears Limited, an Indian company established in Mumbai in 1971, operates as a global producer and distributor of automotive power transmission components and industrial heat treatment equipment. The firm extends its reach beyond India, supp...
How the Company Makes Money
Bharat Gears primarily makes money by manufacturing and selling gearing products and related drivetrain components to customers (typically OEMs and tier suppliers) in the automotive and industrial segments. Its core revenue stream is the sale of p...
Bharat Gears Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
62
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.20B | 7.84B | 6.48B | 6.45B | 7.57B | 7.20B |
| Gross Profit | 2.72B | 2.16B | 3.04B | 410.39M | 561.60M | 2.84B |
| EBITDA | 551.04M | 585.93M | 446.46M | 242.09M | 519.48M | 701.02M |
| Net Income | 150.06M | 165.04M | 31.88M | -97.38M | 134.85M | 258.39M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 4.01B | 3.64B | 3.85B | 4.07B | 4.04B |
| Cash, Cash Equivalents and Short-Term Investments | 607.00K | 77.38M | 104.13M | 35.08M | 3.79M | 41.15M |
| Total Debt | 0.00 | 728.93M | 796.63M | 1.13B | 1.16B | 1.07B |
| Total Liabilities | -1.31B | 2.70B | 2.52B | 2.75B | 2.87B | 2.95B |
| Stockholders Equity | 1.31B | 1.31B | 1.13B | 1.11B | 1.21B | 1.08B |
Cash Flow | ||||||
| Free Cash Flow | 116.17M | 81.70M | 350.25M | 321.04M | 159.58M | 255.22M |
| Operating Cash Flow | 170.91M | 191.25M | 489.74M | 465.95M | 419.59M | 302.79M |
| Investing Cash Flow | -80.59M | -91.04M | 22.99M | -131.48M | -262.55M | -49.57M |
| Financing Cash Flow | -177.06M | -195.21M | -510.44M | -374.55M | -28.02M | -322.21M |
Bharat Gears Limited Technical Analysis
Negative
110.45
Price Trends
106.78
Negative
112.97
Negative
109.10
Negative
Market Momentum
-1.64
Negative
38.32
Neutral
37.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHARATGEAR, the sentiment is Negative. The current price of 110.45 is above the 20-day moving average (MA) of 101.24, above the 50-day MA of 106.78, and above the 200-day MA of 109.10, indicating a bearish trend. The MACD of -1.64 indicates Negative momentum. The RSI at 38.32 is Neutral, neither overbought nor oversold. The STOCH value of 37.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BHARATGEAR.
Bharat Gears Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹25.47B | 19.28 | ― | 0.51% | 8.11% | 29.23% | |
69 Neutral | ₹18.74B | 37.41 | ― | 0.09% | 28.21% | 65.76% | |
63 Neutral | ₹949.73B | 131.48 | ― | 0.44% | 17.54% | -31.63% | |
56 Neutral | ₹1.52B | 10.26 | ― | 1.01% | 24.00% | 125.67% | |
56 Neutral | ₹11.16B | 27.18 | ― | 0.85% | -4.88% | -33.32% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹11.71B | 59.51 | ― | 0.64% | 5.52% | -38.64% |
* General Sector Average
IN:BHARATGEAR
Bharat Gears Limited
99.25
-32.35
-24.58%
IN:BHARATFORG
Bharat Forge Ltd
1,943.50
729.83
60.13%
IN:GNA
GNA Axles Ltd
593.35
283.42
91.45%
IN:HITECHGEAR
Hi-Tech Gears Limited
622.25
-92.82
-12.98%
IN:PRECAM
Precision Camshafts Ltd.
117.45
-80.48
-40.66%
IN:RACLGEAR
RACL Geartech Ltd
1,589.45
381.20
31.55%
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.