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Last Updated: April 2, 2026, 2:42 am
Author: Getaka|Social: XLinkedIn

BGR Energy Systems Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹492.05Undervalued by 90.72%vs CMP ₹258.00

P/E (15.0) × ROE (15.0%) × BV (₹268.00) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹135.84Overvalued by 47.35%vs CMP ₹258.00
MoS: -89.9% (Negative)Confidence: 50/100 (Moderate)Models: All 2: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹198.5463%Over (-23%)
Revenue MultipleRevenue₹31.3338%Over (-87.9%)
Consensus (2 models)₹135.84100%Overvalued
Key Drivers: EPS CAGR -59.7% drags value — could be higher if earnings stabilize.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -59.7% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Investment Snapshot

43
BGR Energy Systems Ltd scores 43/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health31/100 · Weak
ROCE 25.0% ExcellentROE 0.0% WeakD/E 2.50 High debtInterest Coverage 0.0x RiskyProfitable 0/5 years Inconsistent
Smart Money60/100 · Moderate
FII holding up 0.03% (6mo) Slight increasePromoter holding at 51.0% Stable
Earnings Quality50/100 · Moderate
OPM contracting (-12% → -79%) DecliningWorking capital: -1,294 days (improving) Efficient
Quarterly Momentum45/100 · Moderate
Revenue (4Q): -59% YoY DecliningOPM: -68.0% (up 15.0% YoY) Margin expansion
Industry Rank40/100 · Moderate
ROCE 25.0% vs industry 37.7% Average3Y sales CAGR: -28% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:42 am

Market Cap 1,861 Cr.
Current Price 258
Intrinsic Value₹135.84
High / Low 491/73.5
Stock P/E
Book Value 268
Dividend Yield0.00 %
ROCE25.0 %
ROE%
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for BGR Energy Systems Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
BGR Energy Systems Ltd 1,861 Cr. 258 491/73.5 2680.00 %25.0 %% 10.0
Thejo Engineering Ltd 1,613 Cr. 1,487 2,486/1,44632.0 2980.34 %22.1 %18.2 % 10.0
Jash Engineering Ltd 2,268 Cr. 360 699/32140.8 70.30.55 %25.0 %22.4 % 2.00
Salasar Techno Engineering Ltd 1,091 Cr. 6.24 11.5/5.5952.5 4.650.00 %11.0 %4.10 % 1.00
Bondada Engineering Ltd 2,745 Cr. 246 510/21514.1 51.80.04 %39.5 %36.2 % 2.00
Industry Average3,678.83 Cr421.0935.53118.780.36%37.74%16.87%6.04

All Competitor Stocks of BGR Energy Systems Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 18124610714523546217017483661308983
Expenses 2502293171692639118177151258432194140
Operating Profit -6917-210-24-28-448162-3-69-192-302-105-56
OPM % -38%7%-197%-17%-12%-97%95%-2%-83%-291%-232%-119%-68%
Other Income 7122541119617111872512
Interest 971019910010211712612212214321318215
Depreciation 4454333333433
Profit before tax -163-76-289-123-133-559129-112-193-336-332-266-63
Tax % -25%-22%-25%-26%-20%24%0%0%0%0%0%0%0%
Net Profit -122-59-218-92-107-691129-112-193-336-332-266-63
EPS in Rs -16.91-8.17-29.87-12.68-14.82-95.6618.09-15.72-26.68-46.57-45.78-36.74-8.63

Last Updated: January 2, 2026, 7:02 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 2:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3,3013,3663,2443,4413,2983,2732,6921,1401,2218061,012452380
Expenses 2,9283,2272,8873,0522,9502,9492,4781,3041,0901,0851,3371,0191,031
Operating Profit 373139356389348324214-164130-278-325-566-651
OPM % 11%4%11%11%11%10%8%-14%11%-35%-32%-125%-172%
Other Income 6772133437135098206245
Interest 185212301265288271302300359399445600434
Depreciation 21272424252835312717131313
Profit before tax 173-93381213728-80-487-243-644-685-973-853
Tax % 48%39%66%29%85%46%-88%-24%-24%-24%11%0%
Net Profit 90-1291385515-10-368-185-488-761-973-853
EPS in Rs 13.31-11.072.4310.102.272.67-0.40-50.51-25.37-67.21-105.07-134.75-117.87
Dividend Payout % 23%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-243.33%110.08%553.85%-94.12%200.00%-166.67%-3580.00%49.73%-163.78%-55.94%-27.86%
Change in YoY Net Profit Growth (%)0.00%353.41%443.77%-647.96%294.12%-366.67%-3413.33%3629.73%-213.51%107.84%28.08%

BGR Energy Systems Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-18%
5 Years:-30%
3 Years:-28%
TTM:-65%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-43%
Stock Price CAGR
10 Years:7%
5 Years:38%
3 Years:34%
1 Year:303%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: September 5, 2025, 12:45 am

Balance Sheet

Last Updated: December 4, 2025, 1:02 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 72727272727272727272727272
Reserves 1,2221,1391,1681,2421,2511,1551,10769850520-733-1,680-2,007
Borrowings 2,0202,1182,3032,0012,2282,2592,1431,9431,8781,8451,8333,4713,998
Other Liabilities 3,5443,3143,1483,1113,2263,2172,9232,6772,9053,0193,1862,8382,392
Total Liabilities 6,8586,6436,6916,4266,7776,7046,2455,3895,3604,9554,3584,7014,456
Fixed Assets 440421494488493493403370336324300285287
CWIP 157500000000000
Investments 0011110111221
Other Assets 6,2606,2176,1965,9376,2836,2115,8415,0185,0234,6304,0574,4144,167
Total Assets 6,8586,6436,6916,4266,7776,7046,2455,3895,3604,9554,3584,7014,456

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 211-5-8254524250370469327304150-1,857
Cash from Investing Activity + -43142-19-18-31-2542-18-202
Cash from Financing Activity + -434-130-117-534-91-232-413-459-370-306-1431,883
Net Cash Flow -2657-218-7-98-7-110-35-4828
Free Cash Flow 168137-101527-7225369468335302151-1,856
CFO/OP 65%148%-22%145%20%81%178%-286%230%-96%-38%329%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow371.00137.00354.00387.00346.00322.00212.00-165.00129.00-279.00-326.00-569.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 305262296230332322119259218306209288
Inventory Days 11851397102518281910
Days Payable 255248276303278257259687410752521892
Cash Conversion Cycle 602224-606372-130-403-173-418-293-594
Working Capital Days 88596617-18-49-68-136-124-203-214-1,294
ROCE %10%4%10%10%10%8%5%-6%4%-11%-15%-25%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 75.00%75.00%75.00%75.00%51.01%51.01%51.01%51.01%51.01%51.01%51.01%51.01%
FIIs 0.00%0.03%0.02%0.01%0.08%0.17%0.15%0.00%0.02%0.01%0.09%0.05%
DIIs 0.26%0.26%0.26%0.26%0.26%0.26%0.26%0.26%0.14%0.14%0.00%0.00%
Public 24.74%24.72%24.73%24.74%48.67%48.57%48.59%48.73%48.83%48.86%48.90%48.95%
No. of Shareholders 79,00977,84177,34476,82196,61893,73990,45884,01175,71773,31971,75169,300

Shareholding Pattern Chart

No. of Shareholders

BGR Energy Systems Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -134.75-105.07-67.21-25.44-56.16
Diluted EPS (Rs.) -134.75-105.07-67.21-25.44-56.16
Cash EPS (Rs.) -133.06-103.58-65.28-21.98-54.88
Book Value[Excl.RevalReserv]/Share (Rs.) -222.86-97.876.8075.67102.83
Book Value[Incl.RevalReserv]/Share (Rs.) -222.86-97.876.8075.67102.83
Revenue From Operations / Share (Rs.) 62.70140.29111.73169.16157.94
PBDIT / Share (Rs.) -49.33-31.45-31.6310.18-34.77
PBIT / Share (Rs.) -51.12-33.31-33.956.38-39.00
PBT / Share (Rs.) -134.85-94.99-89.31-33.85-75.62
Net Profit / Share (Rs.) -134.85-105.43-67.60-25.77-59.11
NP After MI And SOA / Share (Rs.) -134.76-105.07-67.21-25.44-56.16
PBDIT Margin (%) -78.66-22.41-28.316.01-22.01
PBIT Margin (%) -81.52-23.74-30.383.77-24.69
PBT Margin (%) -215.05-67.70-79.92-20.01-47.87
Net Profit Margin (%) -215.05-75.15-60.50-15.23-37.42
NP After MI And SOA Margin (%) -214.90-74.89-60.15-15.03-35.55
Return on Networth / Equity (%) 0.000.00-527.87-31.46-52.29
Return on Capital Employeed (%) 34.87603.11-46.996.00-27.16
Return On Assets (%) -20.68-17.39-9.78-3.42-7.51
Long Term Debt / Equity (X) -0.26-0.652.510.000.00
Total Debt / Equity (X) -2.16-2.7720.043.222.50
Asset Turnover Ratio (%) 0.090.210.150.220.19
Current Ratio (X) 0.730.880.960.940.99
Quick Ratio (X) 0.730.870.950.930.98
Inventory Turnover Ratio (X) 15.4919.6714.0718.0314.89
Interest Coverage Ratio (X) -0.59-0.50-0.570.25-0.94
Interest Coverage Ratio (Post Tax) (X) -0.61-0.70-0.220.35-0.61
Enterprise Value (Cr.) 3952.951945.271838.622161.921865.00
EV / Net Operating Revenue (X) 8.741.922.281.771.64
EV / EBITDA (X) -11.11-8.57-8.0529.44-7.43
MarketCap / Net Operating Revenue (X) 1.310.240.410.480.27
Price / BV (X) -0.36-0.373.661.020.40
Price / Net Operating Revenue (X) 1.310.240.410.480.27
EarningsYield -1.64-3.02-1.44-0.30-1.29

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

BGR Energy Systems Ltd. is a Public Limited Listed company incorporated on 18/02/1985 and has its registered office in the State of Andhra Pradesh, India. Company's Corporate Identification Number(CIN) is L40106AP1985PLC005318 and registration number is 005318. Currently Company is involved in the business activities of Construction and maintenance of power plants. Company's Total Operating Revenue is Rs. 451.19 Cr. and Equity Capital is Rs. 72.16 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Engineering - GeneralNo. A-5, Pannamgadu Industrial Estate, Nellore District Andhra Pradesh 524401Contact not found
Management
NamePosition Held
Mrs. Sasikala RaghupathyChairperson (NonExe. & NonInd.Director)
Mr. Arjun Govind RaghupathyManaging Director
Mr. Krishnamoorthy MeyyanathanIndependent Director
Mr. Surulisubbu VasudevanIndependent Director
Ms. Narmadha DinakaranIndependent Director
Mr. Jeyakrishna GanesanDirector

FAQ

What is the intrinsic value of BGR Energy Systems Ltd and is it undervalued?

As of 17 April 2026, BGR Energy Systems Ltd's intrinsic value is ₹135.84, which is 47.35% lower than the current market price of ₹258.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹268), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of BGR Energy Systems Ltd?

BGR Energy Systems Ltd is trading at ₹258.00 as of 17 April 2026, with a FY2026-2027 high of ₹491 and low of ₹73.5. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,861 Cr..

How does BGR Energy Systems Ltd's P/E ratio compare to its industry?

BGR Energy Systems Ltd has a P/E ratio of , which is below the industry average of 35.53. This is broadly in line with or below the industry average.

Is BGR Energy Systems Ltd financially healthy?

Key indicators for BGR Energy Systems Ltd: ROCE of 25.0 % indicates efficient capital utilization; ROE of % is below ideal levels (industry average: 16.87%). Dividend yield is 0.00 %.

Is BGR Energy Systems Ltd profitable and how is the profit trend?

BGR Energy Systems Ltd reported a net profit of ₹-973 Cr in Mar 2025 on revenue of ₹452 Cr. Compared to ₹-185 Cr in Mar 2022, the net profit shows a mixed trend.

Does BGR Energy Systems Ltd pay dividends?

BGR Energy Systems Ltd has a dividend yield of 0.00 % at the current price of ₹258.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in BGR Energy Systems Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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