Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 14 April, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Bharat Gears Ltd

About the Company - Bharat Gears Ltd

Bharat Gears Ltd. is a Public Limited Listed company incorporated on 23/12/1971 and has its registered office in the State of Haryana, India. Company’s Corporate Identification Number(CIN) is L29130HR1971PLC034365 and registration number is 034365. Currently company belongs to the Industry of Auto Ancl - Gears & Drive. Company’s Total Operating Revenue is Rs. 729.44 Cr. and Equity Capital is Rs. 10.24 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - Gears & Drive20 K.M. Mathura Road, P.O. Box 328, Faridabad Haryana 121003info@bglindia.com
http://www.bharatgears.com
Management
NamePosition Held
Mr. Surinder P KanwarChairman & Managing Director
Mr. Sameer KanwarJoint Managing Director
Mr. Nagar Venkatraman SrinivasanNon Executive Director
Mr. Wolfgang Rudolf SchilhaIndependent Director
Mr. Rakesh ChopraIndependent Director
Mr. Virendra Kumar PargalIndependent Director
Ms. Hiroo Suresh AdvaniIndependent Director
Mr. Raman NandaIndependent Director

Bharat Gears Ltd. Share Price Update

Share PriceValue
Today₹114.60
Previous Day₹116.20

Basic Stock Data of Bharat Gears Ltd

Last Updated: April 8, 2024, 4:53 am

Market Cap 177 Cr.
Current Price 115
High / Low153/99.4
Stock P/E
Book Value 76.8
Dividend Yield0.00 %
ROCE15.4 %
ROE11.8 %
Face Value 10.0

Data Source: screener.in

Bharat Gears Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales151.50174.03164.68186.63187.44190.69183.97213.55189.35179.49170.48179.02142.78
Expenses135.33160.11146.94169.41171.04176.30171.74198.62180.34169.67161.94172.11141.99
Operating Profit16.1713.9217.7417.2216.4014.3912.2314.939.019.828.546.910.79
OPM %10.67%8.00%10.77%9.23%8.75%7.55%6.65%6.99%4.76%5.47%5.01%3.86%0.55%
Other Income0.69-0.071.533.620.471.512.381.923.990.470.410.741.99
Interest6.064.804.894.974.444.124.163.974.394.564.424.384.33
Depreciation5.995.815.785.254.754.614.694.965.195.235.555.715.62
Profit before tax4.813.248.6010.627.687.175.767.923.420.50-1.02-2.44-7.17
Tax %1.46%14.51%25.70%25.14%20.05%25.24%25.35%27.27%24.27%-68.00%25.49%29.10%23.29%
Net Profit4.742.776.397.956.145.364.305.762.590.84-0.76-1.73-5.50
EPS in Rs3.081.804.155.163.993.482.793.751.690.55-0.49-1.13-3.58

Last Updated: April 6, 2024, 9:32 am

Bharat Gears Ltd Quarterly Chart

Bharat Gears Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales431393420415398407508594463503729766672
Expenses386364394393367379465536444467664720646
Operating Profit45282622312843591936664626
OPM %10%7%6%5%8%7%8%10%4%7%9%6%4%
Other Income6232212451794
Interest13121416161517222223181718
Depreciation11121414161718222724202022
Profit before tax2771-61-2919-25-103418-10
Tax %31%33%0%35%54%36%32%36%24%20%24%23%
Net Profit1951-40-1613-19-82613-7
EPS in Rs12.653.380.41-2.860.16-0.994.128.19-12.19-5.0016.788.78-4.65
Dividend Payout %8%28%130%0%0%0%0%6%0%0%0%0%

Bharat Gears Ltd Profit & Loss Yearly Chart

Bharat Gears Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:9%
3 Years:18%
TTM:-14%
Compounded Profit Growth
10 Years:10%
5 Years:16%
3 Years:40%
TTM:-140%
Stock Price CAGR
10 Years:15%
5 Years:4%
3 Years:28%
1 Year:-2%
Return on Equity
10 Years:3%
5 Years:5%
3 Years:10%
Last Year:12%

Bharat Gears Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital8888888899101515
Reserves6568686363597080706598105103
Borrowings627510010098112134162152118107116106
Other Liabilities11411511512599112154170143192189171193
Total Liabilities249266291295268291366420374384404407417
Fixed Assets9391135129115103113145150134118132130
CWIP325423221021123
Investments0000000000011
Other Assets153150152165150186250264222249285272283
Total Assets249266291295268291366420374384404407417

Bharat Gears Ltd Reserves and Borrowings Chart

Bharat Gears Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 26262720232065054593042
Cash from Investing Activity -18-26-38-5-7-5-21-56-29-2-5-26
Cash from Financing Activity -11111-15-16-1827-5-20-57-32-3
Net Cash Flow-31-1-00-312-1140-713

Bharat Gears Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days566560635883927181777258
Inventory Days98981071201121231191251201338989
Days Payable138143157178148175181155167229148118
Cash Conversion Cycle1520962231304133-201330
Working Capital Days272527222748684746444951
ROCE %31%14%9%6%10%7%13%18%-1%6%24%15%

Bharat Gears Ltd Financial Efficiency Indicators Chart

Bharat Gears Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters55.32%55.32%55.32%55.32%55.32%55.32%55.32%55.32%55.32%55.32%55.32%55.32%
FIIs0.00%0.00%0.00%0.85%1.15%1.51%1.36%1.61%1.40%1.27%1.45%1.23%
DIIs0.03%0.03%0.03%0.04%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public44.65%44.65%44.65%43.79%43.50%43.14%43.29%43.06%43.24%43.37%43.19%43.42%
No. of Shareholders13,29413,10413,69012,78714,03216,32416,28026,68226,08925,91925,14024,976

Bharat Gears Ltd Shareholding Pattern Chart

No. of Bharat Gears Ltd Shareholders

This stock is not held by any mutual fund

Bharat Gears Ltd ROCE Trend

Bharat Gears Ltd EPS Trend

Bharat Gears Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)8.7826.43-8.27-20.3815.39
Diluted EPS (Rs.)8.7826.43-8.27-20.3815.39
Cash EPS (Rs.)21.8545.1617.678.5042.11
Book Value[Excl.RevalReserv]/Share (Rs.)78.51105.6979.3285.51108.68
Book Value[Incl.RevalReserv]/Share (Rs.)78.51105.6979.3285.51108.68
Dividend / Share (Rs.)0.000.000.000.001.00
Revenue From Operations / Share (Rs.)499.10712.57540.53497.65729.97
PBDIT / Share (Rs.)35.6567.6939.9425.2777.59
PBIT / Share (Rs.)22.5947.7613.99-3.4150.86
PBT / Share (Rs.)11.4633.28-10.37-26.6723.88
Net Profit / Share (Rs.)8.7825.24-8.27-20.1815.39
PBDIT Margin (%)7.149.497.385.0710.62
PBIT Margin (%)4.526.702.58-0.686.96
PBT Margin (%)2.294.67-1.91-5.353.27
Net Profit Margin (%)1.753.54-1.53-4.052.10
Return on Networth / Equity (%)11.1823.88-10.43-23.5914.15
Return on Capital Employeed (%)15.0924.427.54-1.6721.58
Return On Assets (%)3.316.40-2.00-5.012.98
Long Term Debt / Equity (X)0.580.560.901.030.91
Total Debt / Equity (X)0.850.931.211.571.58
Asset Turnover Ratio (%)1.891.851.331.171.51
Current Ratio (X)1.441.331.091.121.11
Quick Ratio (X)0.870.880.660.690.69
Inventory Turnover Ratio (X)4.374.153.042.583.37
Interest Coverage Ratio (X)3.203.761.641.092.88
Interest Coverage Ratio (Post Tax) (X)1.792.210.660.131.57
Enterprise Value (Cr.)254.57238.57151.72141.12272.47
EV / Net Operating Revenue (X)0.330.320.300.300.45
EV / EBITDA (X)4.653.444.086.004.31
MarketCap / Net Operating Revenue (X)0.200.200.130.050.23
Price / BV (X)1.311.360.920.291.58
Price / Net Operating Revenue (X)0.200.200.130.050.23
EarningsYield0.080.17-0.11-0.780.08

Bharat Gears Ltd Profitability Ratios (%)

Bharat Gears Ltd Liquidity Ratios

Bharat Gears Ltd Liquidity Ratios (%)

Bharat Gears Ltd Interest Coverage Ratios (%)

Bharat Gears Ltd Valuation Ratios

Fair Value of Bharat Gears Ltd Stock

Fair Value: 138.65

The stock is undervalued by 20.57% compared to the current price ₹115

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness of Bharat Gears Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (515.31 cr) and profit (4.85 cr) over the years.
  1. The stock has a low average ROCE of 12.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 40.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 19.17, which may not be favorable.
  4. The company has higher borrowings (110.92) compared to reserves (75.15), which may suggest financial risk.

FAQ

What is the latest fair value of Bharat Gears Ltd?

The latest fair value of Bharat Gears Ltd is 138.65.

What is the Market Cap of Bharat Gears Ltd?

The Market Cap of Bharat Gears Ltd is 177 Cr..

What is the current Stock Price of Bharat Gears Ltd as on 13 April 2024?

The current stock price of Bharat Gears Ltd as on 13 April 2024 is 115.

What is the High / Low of Bharat Gears Ltd stocks in FY 2024?

In FY 2024, the High / Low of Bharat Gears Ltd stocks is ₹153/99.4.

What is the Stock P/E of Bharat Gears Ltd?

The Stock P/E of Bharat Gears Ltd is .

What is the Book Value of Bharat Gears Ltd?

The Book Value of Bharat Gears Ltd is 76.8.

What is the Dividend Yield of Bharat Gears Ltd?

The Dividend Yield of Bharat Gears Ltd is 0.00 %.

What is the ROCE of Bharat Gears Ltd?

The ROCE of Bharat Gears Ltd is 15.4 %.

What is the ROE of Bharat Gears Ltd?

The ROE of Bharat Gears Ltd is 11.8 %.

What is the Face Value of Bharat Gears Ltd?

The Face Value of Bharat Gears Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 Bharat Gears 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