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Bharat Seats Limited
(BHARATSE)
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Rating:64Neutral
Price Target:
₹227.00
▲(28.36% Upside)
Action:Reiterated
Date:07/03/26
The score is driven primarily by improving financial performance (strong growth and better leverage) and strong technical trend strength, offset by meaningful risks from recent margin compression, only moderate cash-flow conversion, and a demanding valuation (high P/E with low yield).
Positive Factors
Strong Revenue Growth
Strong and accelerating revenue growth indicates expanding production activity and solid demand for the company’s seating and interior products. Sustained top-line momentum can support operating scale, customer-program continuity, and reinvestment in manufacturing capabilities over the next several quarters.
Negative Factors
Margin Compression
Broad margin compression shows that strong sales growth is not translating fully into profitability, potentially reducing the earnings benefit of higher volumes. If this persists, it could constrain internal funding, weaken returns, and limit the company’s ability to absorb further cost or pricing pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Strong and accelerating revenue growth indicates expanding production activity and solid demand for the company’s seating and interior products. Sustained top-line momentum can support operating scale, customer-program continuity, and reinvestment in manufacturing capabilities over the next several quarters.
Read all positive factors
Bharat Seats Limited (BHARATSE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹13.63B
Dividend Yield0.69%
Average Volume (3M)31.91K
Price to Earnings (P/E)29.5
Beta (1Y)1.65
Revenue Growth48.32%
EPS Growth31.21%
CountryIN
Employees445
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)3.39
Shares Outstanding62,800,000
10 Day Avg. Volume17,077
30 Day Avg. Volume31,914
Financial Highlights & Ratios
PEG Ratio0.72
Price to Book (P/B)3.86
Price to Sales (P/S)0.45
P/FCF Ratio17.44
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 Seats Limited Business Overview & Revenue Model
Company Description
Bharat Seats Limited (BSL), an Indian enterprise headquartered in Gurugram, specializes in the production and distribution of seating systems and a variety of interior components. These products are supplied to the automotive and surface transport...
How the Company Makes Money
Bharat Seats Limited makes money primarily by manufacturing and supplying automotive seating systems and seat components to vehicle OEM customers. Its core revenue stream comes from sale of finished seats and seating assemblies (and potentially re...
Bharat Seats Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.48B | 19.51B | 12.86B | 10.64B | 10.49B | 8.16B |
| Gross Profit | 899.72M | 1.71B | 1.74B | 1.46B | 1.19B | 953.02M |
| EBITDA | 492.04M | 1.03B | 789.25M | 652.66M | 502.59M | 373.29M |
| Net Income | 212.90M | 422.31M | 327.00M | 250.54M | 215.46M | 119.13M |
Balance Sheet | ||||||
| Total Assets | 6.93B | 7.37B | 6.48B | 5.05B | 3.58B | 3.37B |
| Cash, Cash Equivalents and Short-Term Investments | 63.81M | 164.84M | 39.50M | 11.43M | 10.30M | 9.39M |
| Total Debt | 1.32B | 1.10B | 1.52B | 1.60B | 657.29M | 389.27M |
| Total Liabilities | 4.86B | 5.07B | 4.53B | 3.38B | 2.11B | 2.10B |
| Stockholders Equity | 2.07B | 2.30B | 1.95B | 1.67B | 1.46B | 1.27B |
Cash Flow | ||||||
| Free Cash Flow | 555.98M | 508.85M | 262.94M | -165.31M | -179.63M | -15.89M |
| Operating Cash Flow | 1.14B | 1.02B | 961.44M | 567.42M | 425.40M | 156.17M |
| Investing Cash Flow | -551.03M | -478.41M | -681.13M | -726.34M | -590.67M | -146.62M |
| Financing Cash Flow | -542.97M | -416.39M | -252.82M | 157.23M | 168.20M | -15.97M |
Bharat Seats Limited Technical Analysis
Neutral
176.85
Price Trends
227.18
Negative
207.42
Positive
188.45
Positive
Market Momentum
-2.07
Positive
45.22
Neutral
41.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHARATSE, the sentiment is Neutral. The current price of 176.85 is below the 20-day moving average (MA) of 223.87, below the 50-day MA of 227.18, and below the 200-day MA of 188.45, indicating a neutral trend. The MACD of -2.07 indicates Positive momentum. The RSI at 45.22 is Neutral, neither overbought nor oversold. The STOCH value of 41.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:BHARATSE.
Bharat Seats Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹26.17B | 23.37 | ― | 0.18% | 8.71% | 16.57% | |
68 Neutral | ₹9.59B | 7.91 | ― | ― | 21.52% | 20.15% | |
64 Neutral | ₹13.63B | 29.51 | ― | 0.69% | 48.32% | 31.21% | |
57 Neutral | ₹12.65B | 9.13 | ― | 0.60% | 13.29% | 171.97% | |
56 Neutral | ₹13.11B | 79.52 | ― | 0.31% | 11.08% | -11.42% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹4.26B | -18.91 | ― | 3.04% | -11.43% | -264.80% |
* General Sector Average
IN:BHARATSE
Bharat Seats Limited
217.10
51.32
30.95%
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0.05%
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42.91%
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.