Annual reportAug 2026
Aug 2026 · Compliance Of Regulation 36(1)(B) Of The SEBI (LODR) Regulations, 2015 17 Jul - Bharat Gears notifies 54th AGM on 13 August 2026 and shares FY2025-26 annual report links.
Source: Bse
Bharat Gears Limited (BHARATGEAR)
Small CapAuto stocks · Small cap · NSE
Bharat Gears Limited operates in Gears, within the Auto sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹100.53
-2.14 · -2.08%
Market cap ₹153 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:09 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Auto P/E 25.7 (n=127)
Technical timing lens
Trend score and candlestick chart
38Bearishfull bear SMA stack · MACD +
Stock trend: 32
Sector RS: 49
Sector 3M: -6.3% vs Nifty 500 -5.6%
Auto FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
BHARATGEARD candles · FIT view-7.3%Latest close ₹100.53 on 2026-10-19
Bar
-3.9%
RSI
44
MACD hist
0.15
52W pos
29%
2026-10-19O ₹104.60H ₹104.60L ₹100.05C ₹100.53Vol 14,510 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
BHARATGEARNifty AutoNifty 500
- BHARATGEAR
- -15.1%
- Nifty 500
- -5.6%
- Nifty Auto
- -5.4%
- Vs Nifty 500
- -9.5 pp
Chart stats
19 Oct 2026- From 52W high
- -28.9%
- 52W range position
- 29%
- ATR (14)
- 3.5%
- Volume vs 20D
- 0.97x
- Avg traded value
- ₹0.2 Cr
- 20D price channel
- ₹98.6 - ₹109.9
₹141.3
₹83.8 - ₹141.3
₹3.5
Latest completed session
20-session average
27.1% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED64
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +19.9% · PAT -90.9% YoY
Technical
Bearish38
Price trend and sector-relative-strength timing.
Valuation
Legacy model+73.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence76
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 · 0/100PAT -91% YoY · margin compression · Rev +20% YoY
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹215.7 Cr | +19.9% | +2.5% |
| EBITDA | ₹8.1 Cr | -17.5% | -39.4% |
| Operating margin | 3.8% | -170 bps | -260 bps |
| PAT | ₹0.2 Cr | -90.9% | -97.0% |
| PAT margin | 0.1% | -85 bps | -234 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 10.20
- P/B
- 1.17
- EV/EBITDA
- 3.10
- Market Cap
- 153.00Cr
Profitability
- ROE
- 13.40%
- ROCE
- 18.10%
- ROA
- 3.74%
- Dividend Y
- 1.00%
Growth (CAGR)
- Revenue 5Y
- 9.00%
- EPS 5Y
- 32.00%
- Revenue 3Y
- 1.00%
- EPS 3Y
- 7.00%
Balance Sheet
- Debt/Equity
- 0.56
- Interest Coverage
- 3.64×
- Altman Z
- 3.33
- Book Value
- 85.40
Cash Flow
- FCF Yield
- 13.73%
- FCF Positive Y
- 10/5
- OCF
- 29.00 Cr
- EPS TTM
- 9.77
Shareholding
- Promoter Hold
- 55.33%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 28%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 216+2.5% vs prev
Net Profit
₹ CrLatest: 0.1-97.0% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
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
Bearish setupTrend is weak — long-term trend down. RSI 44.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 roughly flat — short-term momentum stalled.
- RSI(14) at 44 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 29% off 52W high · 20% 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
50
RS percentile
Stage 1 Base / Transition
1M return
+0.0%
3M return
-15.1%
6M return
-8.1%
1Y return
-6.1%
RS 1D
0
RS 20D
+30
Sector rank
#3
Industry rank
#30
Stage evidence
- Price is 8.7% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed -0.1% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 74.8-1.06%
RS vs Nifty 50075
Valuation & peers
U-Score 64 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 64 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · UNDERVALUEDValuation27/30
Growth16/25
Quality7/20
Balance Sheet9/15
Cash Flow8/10
Piotroski
7/9 (+5)
Penalties
-8
Raw sum
64
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
64/100 · legacy band UNDERVALUED
Positive drivers
- FCF yield is supportive at 13.7%.
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 73.3%.
Main drags
- Penalty bucket subtracts 8 points.
- Quality is weaker at 7/20; verify the latest quarterly trend.
- Balance sheet is weaker at 9/15; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
10.2
PB
1.2
EV/EBITDA
3.1
ROE
13.4%
ROCE
18.1%
FCF Yield
13.7%
Debt/Equity
0.6
MoS
+73.3%
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
64
Previous: 64
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+73.3%
Previous: +73.3%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
64
64
64
64
64
64
64
64
64
64
64
64
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
₹137.01
+26.6% MoS
Growth-justified P/E
38.5
Growth-justified Value
₹376.63
+73.3% MoS
PEG
0.46
Comparable companies
Peers
Business-comparable peers in Auto — 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
HITECHGEAR
Small
The Hi-Tech Gears Limited
Auto Components
match 147
28
55.7
4.1%
-940%
OVERVALUED
JMA
Small
Jullundur Motor Agency (Delhi) Limited
Auto Components
match 136
56
6.2
11.3%
+51%
FAIR VALUE
HILTON
Small
Hilton Metal Forging Limited
Auto Components
match 134
44
16.9
2.6%
+58%
WATCHLIST
SETCO
Small
Setco Automotive Limited
Auto Components
match 133
47
108.0
1.9%
+93%
FAIR VALUE
TUNWAL
SME
Tunwal E-Motors Ltd.
Auto Components
match 133
52
12.4
10.7%
+48%
FAIR VALUE
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
Bharat Gears Limited operates in Gears, within the Auto 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
76Limited 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 81st percentile of the scored universe and 63rd percentile within Auto. Main check: results consistency is weak at 53/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
8 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
81st percentile
overall median 67 · Auto: 63rd pctile, median 74 · Small: 83rd pctile, median 66
Evidence depth
Financial-only
8 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
Can support position sizing if valuation and trend also agree.
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
86
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
73
acceptable · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
53
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 55.3%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 13.6%.
- ▸10 years of positive FCF.
Trust risks
- ▸2 latest quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Bharat Gears Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Aug
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 20 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Acquisition 4 Jun - Bharat Gears invested Rs 1.27 crore in Hexa Energy HR5, acquiring 29.55% stake for solar power procurement.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 11 May - Notice published by the Company in the newspapers i.e. "Financial Express" (English) - Delhi Edition and "Jansatta" (Hindi) - Delhi Edition on 09th May, 2026 …
Source: Bse
Announcement
Intimation Under Regulation 30 Read With Schedule III Of The SEBI (LODR) Regulations, 2015 16 Apr - Chairman and MD Surinder Paul Kanwar appeals passport revocation; citizenship clarification pending.
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
AnnouncementMar 2026
Mar 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Jun - Copy of the AUdited Financial Results for the qusrter/year ended March 31, 2026 published by the Company in the newspapers i.e. "Financial Express" (English) and …
Source: Bse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.