BGR Energy Systems Limited (IN:BGRENERGY)
:BGRENERGY
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BGR Energy Systems Limited
(BGRENERGY)
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Rating:40Underperform
Price Target:
₹263.00
▼(-24.05% Downside)
Action:DowngradedDate:03/24/26
The score is primarily constrained by very weak financial performance (losses, negative equity, and negative operating/free cash flow). Technicals add downside risk with a broadly bearish trend and negative momentum, while valuation is not supportive due to losses and no available dividend yield.
Positive Factors
Power-sector EPC & equipment specialization
BGR’s core focus on EPC and power-plant equipment is a durable business model tied to long-cycle infrastructure projects. Engineering expertise and manufacturing capability create entry barriers, helping sustain contract wins and technical differentiation across multi-year project timelines.
Negative Factors
Negative stockholders' equity / high leverage
Negative equity signals severe balance-sheet stress and limits financial flexibility. With liabilities exceeding assets, refinancing options and new debt capacity are constrained, increasing default and covenant breach risk and hampering the ability to fund project execution or absorb shocks over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Power-sector EPC & equipment specialization
BGR’s core focus on EPC and power-plant equipment is a durable business model tied to long-cycle infrastructure projects. Engineering expertise and manufacturing capability create entry barriers, helping sustain contract wins and technical differentiation across multi-year project timelines.
Read all positive factors
BGR Energy Systems Limited (BGRENERGY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹19.97B
Dividend YieldN/A
Average Volume (3M)34.17K
Price to Earnings (P/E)―
Beta (1Y)1.74
Revenue Growth-58.59%
EPS Growth-14.79%
CountryIN
Employees1,813
SectorEnergy
Sector Strength52
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-26.72
Shares Outstanding72,161,560
10 Day Avg. Volume15,413
30 Day Avg. Volume34,175
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)-0.37
Price to Sales (P/S)1.30
P/FCF Ratio-0.32
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, together with its subsidiaries, manufactures and sells capital equipment for power plants, petrochemical and process industries, and refineries in India and internationally. Its Power Projects division engages in the pr...
How the Company Makes Money
BGR Energy Systems Limited primarily makes money by executing large, contract-based projects and supplying equipment/systems to power and industrial customers. Key revenue streams include: (1) EPC and project execution income—earning contract reve...
BGR Energy Systems Limited Financial Statement Overview
Summary
Income Statement
30
Negative
Balance Sheet
20
Very Negative
Cash Flow
25
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.68B | 4.52B | 10.12B | 8.06B | 12.21B | 11.40B |
| Gross Profit | -2.62B | -1.68B | -679.80M | -386.70M | 3.17B | 1.76B |
| EBITDA | -4.31B | -3.61B | -2.97B | -3.04B | 646.30M | -1.28B |
| Net Income | -9.94B | -9.72B | -7.58B | -4.85B | -1.83B | -3.64B |
Balance Sheet | ||||||
| Total Assets | 44.56B | 47.01B | 43.58B | 49.55B | 53.60B | 53.86B |
| Cash, Cash Equivalents and Short-Term Investments | 527.10M | 777.20M | 902.10M | 2.97B | 2.74B | 3.54B |
| Total Debt | 39.98B | 34.71B | 18.33B | 18.45B | 18.78B | 19.43B |
| Total Liabilities | 64.24B | 63.41B | 50.64B | 49.06B | 48.23B | 46.53B |
| Stockholders Equity | -19.35B | -16.08B | -6.61B | 918.80M | 5.77B | 7.63B |
Cash Flow | ||||||
| Free Cash Flow | 3.75B | -18.58B | 1.49B | 3.02B | 3.25B | 4.68B |
| Operating Cash Flow | 3.75B | -18.57B | 1.50B | 3.04B | 3.27B | 4.69B |
| Investing Cash Flow | 7.10M | 16.70M | 3.40M | -20.00M | 79.70M | -7.60M |
| Financing Cash Flow | -4.02B | 18.83B | -1.43B | -3.06B | -3.70B | -4.59B |
BGR Energy Systems Limited Technical Analysis
Negative
346.30
Price Trends
329.19
Negative
355.48
Negative
268.29
Positive
Market Momentum
-10.78
Positive
33.66
Neutral
7.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BGRENERGY, the sentiment is Negative. The current price of 346.3 is above the 20-day moving average (MA) of 315.47, above the 50-day MA of 329.19, and above the 200-day MA of 268.29, indicating a neutral trend. The MACD of -10.78 indicates Positive momentum. The RSI at 33.66 is Neutral, neither overbought nor oversold. The STOCH value of 7.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹35.32B | 13.34 | ― | 0.67% | 13.96% | 12.91% | |
67 Neutral | ₹32.02B | 11.13 | ― | 0.16% | -42.73% | -44.36% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
61 Neutral | ₹34.76B | 27.56 | ― | 1.03% | -21.85% | -1.63% | |
61 Neutral | ₹58.66B | 19.27 | ― | 0.05% | 28.54% | 19.19% | |
45 Neutral | ₹37.38B | 118.38 | ― | ― | -31.50% | -74.38% | |
40 Underperform | ₹19.97B | -3.50 | ― | ― | -58.59% | -14.79% |
* Energy Sector Average
IN:BGRENERGY
BGR Energy Systems Limited
276.70
189.50
217.32%
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IN:POWERMECH
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BGR Energy Systems Limited Corporate Events
BGR Energy Reports Rs 3,968 Crore Debt With No Loan Defaults in Q3 FY26
Jan 7, 2026
BGR Energy Systems Limited has reported its quarterly disclosure of financial indebtedness for the period ended 31 December 2025, in line with SEBI’s reporting requirements for listed entities. The company disclosed outstanding loans and rev...
BGR Energy to Challenge GST Appellate Order on Disputed Input Tax Credit
Dec 29, 2025
BGR Energy Systems Limited has disclosed that it received an Order-in-Appeal from the Commissioner (Appeals), Central Goods Service Tax and Central Excise, Jodhpur, relating to a dispute over alleged wrongful availment of input tax credit under t...
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.