Announcement
Announcement Under Regulation 30 (LODR) - Agreement 5 Oct - BGR Energy signed a restructuring pact for Rs 3,736 crore debt, including 20% equity allotment to NARCL.
Source: Bse
BGR Energy Systems Limited (BGRENERGY)
Small CapPower stocks · Small cap · NSE
BGR Energy Systems Limited operates in Power Projects, within the Power sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result30 Jul, 02:06 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage10/14 · 71%
Valuation2026-07-20 · Rf 6.8% · Power P/E 16.8 (n=92)
Technical timing lens
Trend score and candlestick chart
69BullishSMA20 +9.2% / mo · MACD +
Stock trend: 69
Sector RS: —
Power FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
BGRENERGYD candles · FIT view+3.2%Latest close ₹318.10 on 2026-10-19
Bar
+1.4%
RSI
69
MACD hist
7.04
52W pos
37%
2026-10-19O ₹313.80H ₹325.00L ₹313.00C ₹318.10Vol 1.1L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
BGRENERGYNifty PowerNifty 500
- BGRENERGY
- +10.2%
- Nifty 500
- -5.6%
- Nifty Power
- -13.0%
- Vs Nifty 500
- +15.7 pp
Chart stats
19 Oct 2026- From 52W high
- -35.2%
- 52W range position
- 37%
- ATR (14)
- 4.5%
- Volume vs 20D
- 1.26x
- Avg traded value
- ₹2.4 Cr
- 20D price channel
- ₹230 - ₹325
₹490.8
₹218 - ₹490.8
₹14.2
Latest completed session
20-session average
63.1% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Verify management risk first
Do not let cheap valuation override weak Trust or governance evidence.
U-Score
Legacy · OVERVALUED23
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -82.0% · PAT NDF YoY
Technical
Bullish69
Price trend and sector-relative-strength timing.
Valuation
Legacy model—
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence48
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -82% YoY · margin compression
Filed 29 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹16 Cr | -82.0% | -68.0% |
| EBITDA | ₹-102 Cr | +2.9% | +56.4% |
| Operating margin | -648.0% | -52900 bps | -18100 bps |
| PAT | ₹-223 Cr | NDF | NDF |
| PAT margin | -1393.8% | -109487 bps | +14825 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- —
- EV/EBITDA
- —
- Market Cap
- 1681.00Cr
Profitability
- ROE
- —
- ROCE
- -26.90%
- ROA
- -28.97%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -23.00%
- EPS 5Y
- 28.00%
- Revenue 3Y
- -28.00%
- EPS 3Y
- 48.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- -0.68×
- Altman Z
- -1.20
- Book Value
- -396.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 8/5
- OCF
- -23.00 Cr
- EPS TTM
- -172.83
Shareholding
- Promoter Hold
- 51.01%
- Promoter Pledge
- 58.80%
- Momentum 52W
- 7%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 300-33.6% vs prev
Net Profit
₹ CrLatest: -1,292-32.8% vs prev
Return on Equity
%Latest: -530-1554.5% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bullish setupTrend is constructive — long-term uptrend intact. RSI 69.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~8.4% over last month) — short-term momentum positive.
- RSI(14) at 69 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 35% off 52W high · 46% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
45
RS percentile
Stage 1 Base / Transition
1M return
+24.4%
3M return
+10.2%
6M return
-6.9%
1Y return
-22.7%
RS 1D
+7
RS 20D
-3
Sector rank
#11
Industry rank
-
Stage evidence
- Price is 11.4% above the 30-week proxy without full trend alignment.
- The 30-week proxy changed -2.3% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price above
200-DMA
price above
Sector
neutral
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 145.67+3.05%
RS vs Nifty 500146
Valuation & peers
U-Score 23 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 23 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation2/30
Growth13/25
Quality0/20
Balance Sheet3/15
Cash Flow3/10
Piotroski
4/9 (+1)
Penalties
1
Raw sum
23
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
23/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 13/25 to the score.
- Cash flow contributes 3/10 to the score.
- Balance sheet contributes 3/15 to the score.
Main drags
- Altman Z is -1.2, in distress territory.
- Promoter pledge is 58.8%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
—
PB
—
EV/EBITDA
—
ROE
—
ROCE
-26.9%
FCF Yield
—
Debt/Equity
0.0
MoS
—
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
23
Previous: 23
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
23
23
23
23
23
23
23
23
23
23
23
23
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
25.1
Growth-justified Value
—
— MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Power — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
GVPIL
Small
GE Power India Limited
Power Equipment
match 150
73
12.8
62.2%
+41%
UNDERVALUED
HONDAPOWER
Small
Honda India Power Products Limited
Power Equipment
match 142
29
25.9
8.6%
-43%
OVERVALUED
ENRIN
Large
Siemens Energy India Limited
Power Equipment
match 103
57
73.5
50.5%
-72%
FAIR VALUE
BHEL
Mid
Bharat Heavy Electricals Limited
Power Equipment
match 101
31
52.6
6.2%
-31%
OVERVALUED
KEC
Small
KEC International Limited
Power Equipment
match 100
29
15.2
11.4%
-51%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
BGR Energy Systems Limited operates in Power Projects, within the Power sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
48Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 5th percentile of the scored universe and 7th percentile within Power. Main check: results consistency is weak at 26/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
7 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
5th percentile
overall median 67 · Power: 7th pctile, median 65 · Small: 6th pctile, median 66
Evidence depth
Financial-only
7 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
35
weak · holding, pledge, alignment
Cash flow
52
watch · profit to cash conversion
Balance sheet
80
strong · leverage and solvency
Discipline
38
weak · capital discipline
Results
26
weak · quarterly consistency
Trust positives
- ▸8 years of positive FCF.
- ▸Debt/equity is 0.00.
Trust risks
- ▸Promoters have pledged 58.8% of holding.
- ▸Operating cash flow is negative at ₹-23 Cr.
- ▸ROCE is low at -26.9%.
- ▸ROCE trend is -32.6%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching BGR Energy Systems Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportSep 2026
Sep 2026 · Notice Of The 40Th AGM Of The Company Scheduled On Tuesday, 22Nd September 2026 At 11:30 AM IST Through Video Conferencing / Other Audio Visual Means (VC / OAVM) 31 Aug - BGR Energy AGM on 22 Sep 2026 includes annual report, office shift to Tamil Nadu, MD reappointment, ₹150 crore promoter loans.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 23 Sep - AGM approved shifting registered office to Tamil Nadu, reappointing MD Arjun Govind Raghupathy, and promoter loans.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Sep - Newspaper Publication -Notice of 40th Annual General meeting
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement Under Regulation 30 Of SEBI LODR 2015 6 Jul - Shareholders approved doubling authorised share capital to ₹200 crore on 5 July 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association 29 Jul - Board approved Q1 FY27 results, MD reappointment, senior appointment, and up to Rs179 crore promoter loans.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 31 Jul - Newspaper Publication of Un-audited Financial Results for the quarter ended 30th June 2026
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Management 29 Jul - Board approved Q1 FY27 results, MD reappointment, senior appointment, and promoter loans up to ₹150 crore.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement Under Regulation 30 Of SEBI LODR 2015 10 Jun - Chhattisgarh GST appellate order confirms Rs.21.05 crore demand on 10 June 2026; company will appeal.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP) 30 Apr - NCLAT stayed NCLT CIRP admission against BGR Energy; next hearing on 15 June 2026.
Source: Bse
Announcement
Announcement Under Regulation 30 Of SEBI LODR 2015 18 Jun - Kanpur GST authority imposed ₹30.66 lakh penalty for alleged FY20 turnover suppression; company plans appeal.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Jun - Newspaper Publication pertaining to Postal Ballot Notice of the Company
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.