Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 4:14 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 523229 | NSE: BHARATSE

Bharat Seats Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹113.08Overvalued by 27.51%vs CMP ₹156.00

P/E (23.7) × ROE (18.0%) × BV (₹32.90) × DY (0.71%)

₹82.40Overvalued by 47.18%vs CMP ₹156.00
MoS: -89.3% (Negative)Confidence: 66/100 (Moderate)Models: 1 Fair, 9 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹144.3021%Fair (-7.5%)
Graham NumberEarnings₹68.9915%Over (-55.8%)
Earnings PowerEarnings₹13.2710%Over (-91.5%)
DCFCash Flow₹135.3410%Over (-13.2%)
Net Asset ValueAssets₹32.987%Over (-78.9%)
EV/EBITDAEnterprise₹107.729%Over (-30.9%)
Dividend DiscountDividends₹27.509%Over (-82.4%)
Earnings YieldEarnings₹64.307%Over (-58.8%)
ROCE CapitalReturns₹32.687%Over (-79.1%)
Revenue MultipleRevenue₹102.705%Over (-34.2%)
Consensus (10 models)₹82.40100%Overvalued
Key Drivers: EPS CAGR 27.6% lifts DCF — verify sustainability. | Wide model spread (₹13–₹144) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 27.6%

*Investments are subject to market risks

Investment Snapshot

68
Bharat Seats Ltd scores 68/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health70/100 · Strong
ROCE 15.6% GoodROE 18.0% GoodD/E 0.25 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.06% (6mo) Slight increasePromoter holding at 74.7% Stable
Earnings Quality60/100 · Moderate
OPM stable around 6% SteadyWorking capital: -20 days (improving) Efficient
Quarterly Momentum90/100 · Strong
Revenue (4Q): +51% YoY AcceleratingProfit (4Q): +37% YoY Strong
Industry Rank55/100 · Moderate
P/E 23.7 vs industry 101.1 Cheaper than peersROCE 15.6% vs industry 15.1% AverageROE 18.0% vs industry 122.8% Below peers3Y sales CAGR: 16% Moderate

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, 4:14 am

Market Cap 979 Cr.
Current Price 156
Intrinsic Value₹82.40
High / Low 240/68.0
Stock P/E23.7
Book Value 32.9
Dividend Yield0.71 %
ROCE15.6 %
ROE18.0 %
Face Value 2.00
PEG Ratio0.86

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

View Share Price Target for Bharat Seats Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Bharat Seats Ltd 979 Cr. 156 240/68.023.7 32.90.71 %15.6 %18.0 % 2.00
Automobile Corporation of Goa Ltd 962 Cr. 1,580 2,349/1,24914.2 4581.58 %20.2 %19.7 % 10.0
Jay Bharat Maruti Ltd 904 Cr. 83.5 116/55.310.9 55.30.84 %7.87 %5.61 % 2.00
Precision Camshafts Ltd 1,116 Cr. 118 263/10422.1 85.80.85 %6.19 %3.93 % 10.0
Munjal Auto Industries Ltd 717 Cr. 71.7 115/60.016.4 43.21.39 %11.8 %10.1 % 2.00
Industry Average5,187.70 Cr573.81101.13154.700.78%15.11%122.81%5.59

All Competitor Stocks of Bharat Seats Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 219.18293.43252.75285.98249.98278.10298.85290.67306.39392.91427.06458.60491.01
Expenses 209.03278.77240.66269.04235.33260.98282.34273.01287.81370.20405.35435.95465.88
Operating Profit 10.1514.6612.0916.9414.6517.1216.5117.6618.5822.7121.7122.6525.13
OPM % 4.63%5.00%4.78%5.92%5.86%6.16%5.52%6.08%6.06%5.78%5.08%4.94%5.12%
Other Income 1.441.351.090.841.451.160.950.700.651.281.072.69-0.42
Interest 0.911.181.382.382.241.752.232.272.312.102.502.992.23
Depreciation 4.214.325.416.306.296.016.356.506.646.767.949.069.02
Profit before tax 6.4710.516.399.107.5710.528.889.5910.2815.1312.3413.2913.46
Tax % 26.74%29.88%26.92%25.49%27.08%23.29%25.56%25.96%26.17%24.72%25.69%25.51%26.37%
Net Profit 4.757.374.676.795.528.086.617.107.5911.399.189.909.90
EPS in Rs 0.761.170.741.080.881.291.051.131.211.811.461.581.58

Last Updated: March 3, 2026, 11:48 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 1:35 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5606937008409709045895488181,0511,0671,2891,770
Expenses 5316616708039058535535217851,0051,0061,2131,677
Operating Profit 29323037655036273246617592
OPM % 5%5%4%4%7%6%6%5%4%4%6%6%5%
Other Income 0221152254545
Interest 66543334448910
Depreciation 14161717192122181817242633
Profit before tax 911101744311271630344454
Tax % 26%29%27%28%35%31%-2%28%25%27%25%26%
Net Profit 7871228211351222253340
EPS in Rs 1.071.291.151.944.493.411.990.771.903.433.995.216.43
Dividend Payout % 37%35%39%23%11%15%13%33%21%20%20%21%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)14.29%-12.50%71.43%133.33%-25.00%-38.10%-61.54%140.00%83.33%13.64%32.00%
Change in YoY Net Profit Growth (%)0.00%-26.79%83.93%61.90%-158.33%-13.10%-23.44%201.54%-56.67%-69.70%18.36%

Bharat Seats 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:6%
5 Years:17%
3 Years:16%
TTM:27%
Compounded Profit Growth
10 Years:15%
5 Years:21%
3 Years:40%
TTM:31%
Stock Price CAGR
10 Years:27%
5 Years:37%
3 Years:60%
1 Year:46%
Return on Equity
10 Years:16%
5 Years:13%
3 Years:17%
Last Year:18%

Last Updated: September 5, 2025, 2:41 pm

Balance Sheet

Last Updated: December 4, 2025, 2:31 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 666666666661313
Reserves 354047568098107110121140161182194
Borrowings 102917563252940353966160152132
Other Liabilities 10912712214017214089140171146179301354
Total Liabilities 253265250265285273242291337358505648693
Fixed Assets 150150144146136152150126147199276283367
CWIP 4310130223081249906
Investments 0000000000000
Other Assets 9911110411913512169135182147181275320
Total Assets 253265250265285273242291337358505648693

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 363634386935281916435796
Cash from Investing Activity + -17-13-6-17-23-24-34-12-15-59-73-68
Cash from Financing Activity + -18-23-28-22-44-4-3-7-21716-25
Net Cash Flow 000027-9-0-10-03
Free Cash Flow 192328224610-670-17-1628
CFO/OP 125%116%122%111%127%89%93%80%56%127%113%137%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-73.00-59.00-45.00-26.0040.0021.00-4.00-8.00-7.00-20.00-99.00-77.00

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 434043413531225549343556
Inventory Days 87981211162428121619
Days Payable 595660616659579968485987
Cash Conversion Cycle -8-8-8-13-19-17-19-209-3-7-13
Working Capital Days -38-35-34-26-13-12-18-132-13-17-20
ROCE %11%13%12%17%40%28%11%7%12%18%15%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.59%74.59%74.59%74.59%74.59%74.59%74.59%74.59%74.66%74.66%74.66%74.66%
FIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.03%0.27%0.06%
DIIs 0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.12%0.21%
Public 25.30%25.30%25.30%25.29%25.30%25.30%25.31%25.30%25.22%25.20%24.95%25.05%
No. of Shareholders 11,84212,78313,12713,41014,89415,12116,67727,01626,43825,96526,89828,466

Shareholding Pattern Chart

No. of Shareholders

Bharat Seats 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 2.002.002.002.002.00
Basic EPS (Rs.) 5.217.986.863.791.53
Diluted EPS (Rs.) 5.217.986.863.791.53
Cash EPS (Rs.) 9.3915.6212.309.407.26
Book Value[Excl.RevalReserv]/Share (Rs.) 30.9853.1346.6040.4937.14
Book Value[Incl.RevalReserv]/Share (Rs.) 30.9853.1346.6040.4937.14
Dividend / Share (Rs.) 1.101.601.400.800.50
Revenue From Operations / Share (Rs.) 205.23339.75334.73260.39174.41
PBDIT / Share (Rs.) 12.5920.8016.0311.929.20
PBIT / Share (Rs.) 8.4113.1610.596.313.48
PBT / Share (Rs.) 6.9910.699.445.072.12
Net Profit / Share (Rs.) 5.217.986.863.791.53
PBDIT Margin (%) 6.136.124.784.575.27
PBIT Margin (%) 4.093.873.162.421.99
PBT Margin (%) 3.403.142.811.941.21
Net Profit Margin (%) 2.532.342.051.450.87
Return on Networth / Equity (%) 16.8015.0114.729.374.12
Return on Capital Employeed (%) 16.5414.1317.4211.757.26
Return On Assets (%) 5.044.956.023.531.64
Long Term Debt / Equity (X) 0.250.310.220.250.21
Total Debt / Equity (X) 0.410.520.400.290.25
Asset Turnover Ratio (%) 2.242.473.022.602.05
Current Ratio (X) 0.790.760.781.030.86
Quick Ratio (X) 0.630.570.610.710.65
Inventory Turnover Ratio (X) 27.0831.1222.0116.8517.83
Dividend Payout Ratio (NP) (%) 15.3617.5411.6513.1732.66
Dividend Payout Ratio (CP) (%) 8.528.966.505.316.88
Earning Retention Ratio (%) 84.6482.4688.3586.8367.34
Cash Earning Retention Ratio (%) 91.4891.0493.5094.6993.12
Interest Coverage Ratio (X) 8.878.4413.859.596.76
Interest Coverage Ratio (Post Tax) (X) 4.674.246.934.052.12
Enterprise Value (Cr.) 559.24538.61313.58245.72222.69
EV / Net Operating Revenue (X) 0.430.500.290.300.40
EV / EBITDA (X) 7.088.246.236.567.71
MarketCap / Net Operating Revenue (X) 0.370.420.240.250.35
Retention Ratios (%) 84.6382.4588.3486.8267.33
Price / BV (X) 2.482.701.741.651.67
Price / Net Operating Revenue (X) 0.370.420.240.250.35
EarningsYield 0.060.050.080.050.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Bharat Seats Ltd. is a Public Limited Listed company incorporated on 06/03/1986 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L34300DL1986PLC023540 and registration number is 023540. Currently Company is involved in the business activities of Manufacture of parts and accessories for motor vehicles. Company's Total Operating Revenue is Rs. 1288.82 Cr. and Equity Capital is Rs. 12.56 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto Ancl - Others1, Nelson Mandela Road, New Delhi Delhi 110070Contact not found
Management
NamePosition Held
Mr. Rohit RelanChairman & Managing Director
Mr. Rajiv AroraWholeTime Director & CEO
Mr. Rishabh RelanWhole Time Director
Mr. Sanjay BhattacharyyaIndependent Director
Mr. Sudhir MaheshwariIndependent Director
Ms. Nisha MalhotraIndependent Director
Ms. Vanita ChhabraIndependent Director
Mr. Sarthak BehuriaIndependent Director
Mr. Raman Venkat ChallaNominee Director
Mr. Makoto KuniedaNominee Director

FAQ

What is the intrinsic value of Bharat Seats Ltd and is it undervalued?

As of 14 April 2026, Bharat Seats Ltd's intrinsic value is ₹82.40, which is 47.18% lower than the current market price of ₹156.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (18.0 %), book value (₹32.9), dividend yield (0.71 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Bharat Seats Ltd?

Bharat Seats Ltd is trading at ₹156.00 as of 14 April 2026, with a FY2026-2027 high of ₹240 and low of ₹68.0. The stock is currently in the middle of its 52-week range. Market cap stands at ₹979 Cr..

How does Bharat Seats Ltd's P/E ratio compare to its industry?

Bharat Seats Ltd has a P/E ratio of 23.7, which is below the industry average of 101.13. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Bharat Seats Ltd financially healthy?

Key indicators for Bharat Seats Ltd: ROCE of 15.6 % indicates efficient capital utilization; ROE of 18.0 % shows strong shareholder returns. Dividend yield is 0.71 %.

Is Bharat Seats Ltd profitable and how is the profit trend?

Bharat Seats Ltd reported a net profit of ₹33 Cr in Mar 2025 on revenue of ₹1,289 Cr. Compared to ₹12 Cr in Mar 2022, the net profit shows an improving trend.

Does Bharat Seats Ltd pay dividends?

Bharat Seats Ltd has a dividend yield of 0.71 % at the current price of ₹156.00. The company pays dividends, though the yield is modest.

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 Seats 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
Explore Industry-wise Stock Analysis Reports