BGR Energy Systems Limited (IN:BGRENERGY)
:BGRENERGY
Want to see IN:BGRENERGY full AI Analyst Report?
Top Page
BGR Energy Systems Limited
(BGRENERGY)
Select Model
Select Model
Rating:47Neutral
Price Target:
₹323.00
▼(-6.73% Downside)
Action:Reiterated
Date:05/28/26
The score is primarily constrained by very weak financial performance (shrinking revenue, deepening losses, negative gross profit, worsening negative equity, and higher debt) and limited valuation support due to ongoing losses. Technicals are comparatively better, with price above major moving averages, but mixed momentum indicators reduce confidence in the durability of the move.
Positive Factors
Turnkey EPC and BoP product portfolio
BGR’s integrated EPC and BoP equipment offering (turnkey projects plus engineered packages like air-cooled condensers) creates durable participation across project lifecycles. This breadth supports recurring contract opportunities, aftermarket spares/O&M and makes the firm relevant when power capex restarts, aiding structural revenue capture.
Negative Factors
Sharp revenue decline and widening losses
Sustained top-line shrinkage with accelerating net losses reduces scale and undermines unit economics. Lower revenue weakens bargaining power, impairs fixed-cost absorption and makes competing for large EPC awards harder, increasing the structural challenge of returning to sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Turnkey EPC and BoP product portfolio
BGR’s integrated EPC and BoP equipment offering (turnkey projects plus engineered packages like air-cooled condensers) creates durable participation across project lifecycles. This breadth supports recurring contract opportunities, aftermarket spares/O&M and makes the firm relevant when power capex restarts, aiding structural revenue capture.
Read all positive factors
BGR Energy Systems Limited (BGRENERGY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹23.83B
Dividend YieldN/A
Average Volume (3M)34.17K
Price to Earnings (P/E)―
Beta (1Y)2.02
Revenue Growth-33.77%
EPS Growth-32.47%
CountryIN
Employees1,813
SectorEnergy
Sector Strength52
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-137.73
Shares Outstanding72,161,560
10 Day Avg. Volume15,413
30 Day Avg. Volume34,175
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)-0.62
Price to Sales (P/S)5.91
P/FCF Ratio-57.90
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
BGR Energy Systems Limited Business Overview & Revenue Model
Company Description
BGR Energy Systems Limited, operating with its subsidiaries both domestically in India and internationally, specializes in the manufacture and supply of critical capital equipment for the power generation, petrochemical, process, and refinery sect...
How the Company Makes Money
BGRENERGY primarily makes money by executing EPC/BoP contracts and supplying related equipment and services to power-generation projects. Under this model, revenue is typically earned through (i) milestone-based billings during project execution f...
BGR Energy Systems Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
6
Very Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.68B | 3.00B | 4.52B | 10.12B | 8.06B | 12.21B |
| Gross Profit | -2.62B | -3.77B | -1.68B | -679.80M | -386.70M | 3.17B |
| EBITDA | -4.31B | -5.83B | -3.61B | -2.97B | -3.04B | 646.30M |
| Net Income | -9.94B | -12.88B | -9.72B | -7.58B | -4.85B | -1.83B |
Balance Sheet | ||||||
| Total Assets | 44.56B | 43.11B | 47.01B | 43.58B | 49.55B | 53.60B |
| Cash, Cash Equivalents and Short-Term Investments | 527.10M | 492.90M | 777.20M | 902.10M | 2.97B | 2.74B |
| Total Debt | 39.98B | 45.35B | 34.71B | 18.33B | 18.45B | 18.78B |
| Total Liabilities | 64.24B | 72.14B | 63.41B | 50.64B | 49.06B | 48.23B |
| Stockholders Equity | -19.35B | -28.61B | -16.08B | -6.61B | 918.80M | 5.77B |
Cash Flow | ||||||
| Free Cash Flow | 3.75B | -306.10M | -18.58B | 1.49B | 3.02B | 3.25B |
| Operating Cash Flow | 3.75B | -298.10M | -18.57B | 1.50B | 3.04B | 3.27B |
| Investing Cash Flow | 7.10M | 18.70M | 16.70M | 3.40M | -20.00M | 79.70M |
| Financing Cash Flow | -4.02B | -17.00M | 18.83B | -1.43B | -3.06B | -3.70B |
BGR Energy Systems Limited Technical Analysis
Positive
346.30
Price Trends
308.96
Positive
314.89
Positive
322.96
Positive
Market Momentum
9.21
Positive
54.52
Neutral
37.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BGRENERGY, the sentiment is Positive. The current price of 346.3 is above the 20-day moving average (MA) of 325.29, above the 50-day MA of 308.96, and above the 200-day MA of 322.96, indicating a bullish trend. The MACD of 9.21 indicates Positive momentum. The RSI at 54.52 is Neutral, neither overbought nor oversold. The STOCH value of 37.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BGRENERGY.
BGR Energy Systems Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | ₹88.94B | 24.45 | ― | 0.05% | 15.81% | 11.50% | |
68 Neutral | ₹42.77B | 21.28 | ― | 1.03% | -43.10% | -32.97% | |
66 Neutral | ₹37.45B | 9.64 | ― | 0.67% | 0.52% | -1.01% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | ₹39.13B | 8.94 | ― | 0.16% | -41.35% | -56.36% | |
54 Neutral | ₹71.64B | 36.07 | ― | ― | -29.16% | 44.18% | |
47 Neutral | ₹23.83B | -1.86 | ― | ― | -33.77% | -32.47% |
* Energy Sector Average
IN:BGRENERGY
BGR Energy Systems Limited
330.20
231.90
235.91%
IN:HCC
Hindustan Construction Co. Ltd.
27.35
-2.28
-7.69%
IN:JKIL
J. Kumar Infraprojects Limited
494.95
-203.12
-29.10%
IN:KNRCON
KNR Constructions Limited
139.15
-69.18
-33.21%
IN:MANINFRA
Man Infraconstruction Limited
105.95
-49.97
-32.05%
IN:POWERMECH
Power Mech Projects Ltd.
2,812.95
-237.66
-7.79%
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.