Bharat Gears Limited (IN:BHARATGEAR)
:BHARATGEAR
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Bharat Gears Limited
(BHARATGEAR)
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Rating:60Neutral
Price Target:
₹104.00
▼(-5.84% Downside)
Action:ReiteratedDate:10/23/25
Bharat Gears Limited has a stable financial position with strong cash flow management, but high leverage and inconsistent revenue growth pose risks. Technical indicators show mixed momentum, and the valuation suggests the stock may be overvalued. The absence of a dividend yield further limits its appeal.
Positive Factors
OEM and aftermarket revenue mix
Serving both OEM programs and the replacement aftermarket gives durable revenue diversification. OEM contracts provide multi-year program revenue while aftermarket sales smooth cyclicality through vehicle parc-driven demand, supporting steadier cash flows and utilization over time.
Negative Factors
High leverage
Elevated leverage reduces financial flexibility and raises interest burden, constraining the company's ability to invest or absorb shocks. If cyclical OEM demand weakens, servicing debt could pressure margins and limit strategic responses like capex or M&A over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
OEM and aftermarket revenue mix
Serving both OEM programs and the replacement aftermarket gives durable revenue diversification. OEM contracts provide multi-year program revenue while aftermarket sales smooth cyclicality through vehicle parc-driven demand, supporting steadier cash flows and utilization over time.
Read all positive factors
Bharat Gears Limited (BHARATGEAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.56B
Dividend YieldN/A
Average Volume (3M)58.64K
Price to Earnings (P/E)16.3
Beta (1Y)0.82
Revenue Growth8.90%
EPS Growth-93.55%
CountryIN
Employees1,157
SectorIndustrials
Sector Strength72
IndustryAuto - Parts
Share Statistics
EPS (TTM)1.67
Shares Outstanding15,355,058
10 Day Avg. Volume8,020
30 Day Avg. Volume58,637
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)0.89
Price to Sales (P/S)0.16
P/FCF Ratio2.88
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
Bharat Gears Limited Business Overview & Revenue Model
Company Description
Bharat Gears Limited manufactures and supplies automotive gears in India, the United States, Mexico, Spain, and internationally. The company operates through Gears, Automotive Components, and Furnaces segments. It offers gear products, such as rin...
How the Company Makes Money
Bharat Gears makes money primarily by manufacturing and selling gears and gear-related drivetrain components. Its core revenue stream comes from supplying these components to OEM customers as part of vehicle production programs, where earnings are...
Bharat Gears Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
55
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.01B | 6.48B | 6.45B | 7.57B | 7.20B | 4.91B |
| Gross Profit | 2.90B | 3.04B | 410.39M | 561.60M | 2.84B | 2.03B |
| EBITDA | 415.12M | 446.46M | 242.09M | 519.48M | 701.02M | 354.06M |
| Net Income | 2.87M | 31.88M | -97.38M | 134.85M | 258.39M | -77.01M |
Balance Sheet | ||||||
| Total Assets | 4.05B | 3.64B | 3.85B | 4.07B | 4.04B | 3.84B |
| Cash, Cash Equivalents and Short-Term Investments | 139.25M | 104.13M | 35.08M | 3.79M | 41.15M | 18.56M |
| Total Debt | 786.27M | 796.63M | 1.13B | 1.16B | 1.07B | 1.18B |
| Total Liabilities | 2.83B | 2.52B | 2.75B | 2.87B | 2.95B | 3.10B |
| Stockholders Equity | 1.22B | 1.13B | 1.11B | 1.21B | 1.08B | 738.13M |
Cash Flow | ||||||
| Free Cash Flow | 116.17M | 350.25M | 321.04M | 159.58M | 255.22M | 548.91M |
| Operating Cash Flow | 170.91M | 489.74M | 465.95M | 419.59M | 302.79M | 590.28M |
| Investing Cash Flow | -80.59M | 22.99M | -131.48M | -262.55M | -49.57M | -22.47M |
| Financing Cash Flow | -177.06M | -510.44M | -374.55M | -28.02M | -322.21M | -567.05M |
Bharat Gears Limited Technical Analysis
Neutral
110.45
Price Trends
104.34
Negative
106.19
Negative
103.35
Negative
Market Momentum
-1.82
Negative
54.84
Neutral
89.22
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHARATGEAR, the sentiment is Neutral. The current price of 110.45 is above the 20-day moving average (MA) of 95.50, above the 50-day MA of 104.34, and above the 200-day MA of 103.35, indicating a neutral trend. The MACD of -1.82 indicates Negative momentum. The RSI at 54.84 is Neutral, neither overbought nor oversold. The STOCH value of 89.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:BHARATGEAR.
Bharat Gears Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹19.07B | 10.02 | ― | 0.95% | -4.65% | 9.95% | |
65 Neutral | ₹16.42B | 15.60 | ― | 0.32% | 0.74% | -17.90% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | ₹1.56B | 16.31 | ― | ― | 8.90% | -93.55% | |
60 Neutral | ₹11.25B | 378.45 | ― | 0.74% | -17.86% | -49.46% | |
60 Neutral | ₹15.79B | 42.56 | ― | 0.39% | 3.68% | 14.13% | |
58 Neutral | ₹17.54B | 18.47 | ― | 1.57% | 22.67% | 24.50% |
* Industrials Sector Average
IN:BHARATGEAR
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Bharat Gears Limited Corporate Events
Bharat Gears Files SEBI Demat Compliance Certificate for December Quarter
Jan 16, 2026
Bharat Gears Limited has submitted a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended December 31, 2025, confirming proper handling of its dematerialised securities....
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.