Bharat Seats Limited (BHARATSE) AI Stock Analysis

Bharat Seats Limited

(NSE:BHARATSE)

Select Model

Rating:59Neutral

Price Target:INR 218.00▲(11.17% Upside)

Action:reiterated

Date:10/28/26

The score is primarily supported by solid underlying financial momentum (revenue/earnings growth and recent balance-sheet improvement), but is held back by margin compression and only moderate, uneven free-cash-flow conversion. Technical signals and valuation are both mixed-to-weaker, with negative MACD and a relatively high P/E alongside a low dividend yield.

Positive Factors

Strong Revenue GrowthThe company is achieving strong top-line expansion, indicating growing demand for its automotive seating and interior products. Continued revenue momentum can improve operating scale, deepen OEM program participation, and support investment in capacity and capabilities over the next several quarters.

Negative Factors

Margin CompressionMargin deterioration means strong revenue growth is currently producing less profit per unit of sales. If the pressure persists, it could limit earnings growth, reduce the benefits of operating scale, and constrain the company’s ability to fund capacity or absorb competitive pricing demands.

Bharat Seats Limited (BHARATSE) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 12.28B
Dividend Yield: 0.76%
Average Volume (3M): 23.94K
Price to Earnings (P/E): 23.8
Beta (1Y): 1.70
Revenue Growth: 48.41%
EPS Growth: 35.50%
Country: India
Employees: 445
Sector: General
Sector Strength: 55
Industry: Auto - Parts

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 transportati...

How the Company Makes Money

Bharat Seats primarily makes money by manufacturing and supplying automotive seating systems and seat components to vehicle OEMs. Its core revenue stream is the sale of complete seats and seat sub-assemblies (for example, front and rear seat assembli...

Bharat Seats Limited Financial Statement Overview

Summary

Strong revenue and earnings growth with improving returns and recent de-leveraging support the score. Offsetting factors are notable margin compression in the latest year and uneven cash generation, with only moderate conversion of net income into free cash flow.

Income Statement

72Positive

Balance Sheet

68Positive

Cash Flow

57Neutral

Financial statement breakdown
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

Technical Analysis SentimentNegative

Last Price196.10

Price Trends

50DMA212.10Negative

100DMA214.21Negative

200DMA193.62Positive

Market Momentum

MACD-4.36Negative

RSI43.54Neutral

STOCH62.65Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHARATSE, the sentiment is Negative. The current price of 196.10 is below the 20-day moving average (MA) of 202.34, below the 50-day MA of 212.10, and above the 200-day MA of 193.62, indicating a neutral trend. The MACD of -4.36 indicates Negative momentum. The RSI at 43.54 is Neutral, neither overbought nor oversold. The STOCH value of 62.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BHARATSE.

Bharat Seats Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:BHARATSE against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:TALBROAUTO	78Outperform	INR 21.85B	19.49	―	0.21%	8.71%	16.57%
IN:MVGJL	71Outperform	INR 8.00B	6.55	―	―	21.52%	20.15%
IN:JAYBARMARU	66Neutral	INR 12.44B	9.00	―	0.61%	13.29%	172.02%
IN:BHARATSE	59Neutral	INR 12.32B	23.83	―	0.76%	48.41%	35.50%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:IGARASHI	53Neutral	INR 11.11B	67.83	―	0.37%	11.08%	-11.42%
IN:MIRZAINT	47Neutral	INR 3.60B	-15.97	―	―	-11.43%	-264.80%

* General Sector Average

Performance Comparison

IN:BHARATSE and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:BHARATSE	Bharat Seats Limited	196.10	-11.51	-5.55%
IN:IGARASHI	Igarashi Motors India Limited	352.95	-145.89	-29.25%
IN:JAYBARMARU	Jay Bharat Maruti Limited	114.90	23.26	25.38%
IN:MIRZAINT	Mirza International Limited	26.05	-11.12	-29.92%
IN:MVGJL	Manoj Vaibhav Gems 'N' Jewellers Limited	163.80	-29.10	-15.09%
IN:TALBROAUTO	Talbros Automotive Components Limited	354.05	60.69	20.69%

Bharat Seats Limited Corporate Events

Bharat Seats Secures Shareholder Nod on Board Changes and Higher Borrowing Powers via Postal Ballot

Oct 9, 2026

Bharat Seats Limited has concluded a postal ballot process conducted through remote e-voting to seek shareholder approval for several key corporate resolutions. The company engaged National Securities Depository Limited to provide the e-voting facili...

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: Oct 28, 2026

Bharat Seats Limited AI Stock Analysis