Announcement
Announcement under Regulation 30 (LODR)-Change in Directorate 9 Oct - Shareholders approved Vipin Garg and Arvind Kapur appointments, plus enhanced borrowing powers and security creation.
Source: Bse
Bharat Seats Limited (BHARATSE)
Small CapAuto stocks · Small cap · NSE
Bharat Seats Limited operates in Seats, within the Auto sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹195.97
-6.65 · -3.28%
Market cap ₹1,285 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals04 Oct 2026 · screener
Latest result04 Aug, 07:11 pm IST
Score21 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
43NeutralSMA20 -4.1% / mo · MACD − · sector -2.2pp vs Nifty 500 (3M)
Stock trend: 43
Sector RS: 44
Sector 3M: -7.8% vs Nifty 500 -5.6%
Auto FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
BHARATSED candles · FIT view+10.7%Latest close ₹195.97 on 2026-10-21
Bar
-3.9%
RSI
34
MACD hist
-0.46
52W pos
48%
2026-10-21O ₹204.00H ₹204.00L ₹194.28C ₹195.97Vol 76,888 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
BHARATSENifty AutoNifty 500
- BHARATSE
- -11.5%
- Nifty 500
- -6.5%
- Nifty Auto
- -7.8%
- Vs Nifty 500
- -5.0 pp
Chart stats
21 Oct 2026- From 52W high
- -25.5%
- 52W range position
- 48%
- ATR (14)
- 4.4%
- Volume vs 20D
- 0.33x
- Avg traded value
- ₹5 Cr
- 20D price channel
- ₹194.3 - ₹229.6
₹263.2
₹133.6 - ₹263.2
₹8.5
Latest completed session
20-session average
31.8% 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 consistent.
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
Good67
Revenue +35.4% · PAT +44.4% YoY
Technical
Neutral43
Price trend and sector-relative-strength timing.
Valuation
Legacy model+31.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence88
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
Good · 67/100Rev +35% YoY · PAT +44% YoY · operating leverage · margin compression
Filed 04 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹578 Cr | +35.4% | +0.7% |
| EBITDA | ₹28 Cr | +27.3% | -6.7% |
| Operating margin | 4.9% | -10 bps | -10 bps |
| PAT | ₹13 Cr | +44.4% | +0.0% |
| PAT margin | 2.3% | +14 bps | -1 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 27.20
- P/B
- 5.60
- EV/EBITDA
- 9.76
- Market Cap
- 1285.00Cr
Profitability
- ROE
- 20.40%
- ROCE
- 20.20%
- ROA
- 6.24%
- Dividend Y
- 0.73%
Growth (CAGR)
- Revenue 5Y
- 29.00%
- EPS 5Y
- 57.00%
- Revenue 3Y
- 23.00%
- EPS 3Y
- 26.00%
Balance Sheet
- Debt/Equity
- 0.48
- Interest Coverage
- 10.60×
- Altman Z
- 5.37
- Book Value
- 36.60
Cash Flow
- FCF Yield
- 4.67%
- FCF Positive Y
- 9/5
- OCF
- 107.00 Cr
- EPS TTM
- 7.37
Shareholding
- Promoter Hold
- 74.66%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 55%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 578+0.7% vs prev
Net Profit
₹ CrLatest: 13.0+0.0% 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 uptrend intact. RSI 34.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~4.2% over last month) — short-term momentum negative.
- RSI(14) at 34 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 26% off 52W high · 47% 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
60
RS percentile
Stage 1 Base / Transition
1M return
-7.7%
3M return
-11.5%
6M return
+12.3%
1Y return
-11.2%
RS 1D
0
RS 20D
-14
Sector rank
#5
Industry rank
#30
Stage evidence
- Price is within 2.8% of the 30-week proxy.
- The 30-week proxy changed +2.2% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price above
Sector
neutral
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 114.12-2.38%
RS vs Nifty 500114
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
Financial Turnaround
Fundamental score breakdown
U band · UNDERVALUEDValuation8/30
Growth19/25
Quality14/20
Balance Sheet9/15
Cash Flow9/10
Piotroski
7/9 (+5)
Penalties
0
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 4.7%.
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 31.0%.
Main drags
- Valuation is weaker at 8/30; verify the latest quarterly trend.
- Balance sheet is weaker at 9/15; verify the latest quarterly trend.
- Quality is weaker at 14/20; 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
27.2
PB
5.6
EV/EBITDA
9.8
ROE
20.4%
ROCE
20.2%
FCF Yield
4.7%
Debt/Equity
0.5
MoS
+31.0%
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: 21 Oct 2026
v4.3-runtime-valuation
Final score
64
Previous: 64
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+31.0%
Previous: +28.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
63
63
63
63
63
63
64
64
63
63
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
₹77.91
-151.5% MoS
Growth-justified P/E
38.5
Growth-justified Value
₹284.11
+31.0% MoS
PEG
0.61
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
IMPAL
Small
India Motor Parts and Accessories Limited
Auto Components
match 139
57
16.3
3.7%
+64%
FAIR VALUE
ATULAUTO
Small
Atul Auto Limited
Auto Components
match 138
52
24.4
9.3%
+37%
FAIR VALUE
JAYBARMARU
Small
Jay Bharat Maruti Limited
Auto Components
match 138
80
10.0
22.3%
+74%
DEEP VALUE
ALICON
Small
Alicon Castalloy Limited
Auto Components
match 138
48
37.5
7.0%
+1%
FAIR VALUE
PRECAM
Small
Precision Camshafts Limited
Auto Components
match 137
54
32.7
3.0%
+34%
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 Seats Limited operates in Seats, 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
88Limited 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 100th percentile of the scored universe and 100th percentile within Auto. No major sub-score weakness stands out.
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
100th percentile
overall median 67 · Auto: 100th pctile, median 74 · Small: 100th 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
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
98
strong · capital discipline
Results
95
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 74.7%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 4.5%.
- ▸9 years of positive FCF.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Bharat Seats Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 25 Sep - ICRA upgraded Bharat Seats’ long-term ratings to A+ Stable and enhanced limits to Rs 188.96 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 23 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Aug
Source: Bse
Annual reportJul 2026
Jul 2026 · Reg. 34 (1) Annual Report. 25 Jun - 39th AGM on July 24, 2026; Rs1.50 dividend proposed; WTD reappointment and 1000 crore RPT approval sought.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Directorate 6 May - Board approved ₹86.61 crore capex, FY26 audited results, 75% dividend, and AGM on 24 July 2026.
Source: Bse
AnnouncementJul 2026
Jul 2026 · OUTCOME OF THE MEETING OF Board AS PER REGULATION 30 And 33 OF THE SEBI (LODR) REGULATIONS, 2015 ('SEBI LODR REGULATIONS') 6 May - Board approved FY26 results, Rs.86.61 crore capex, 75% dividend, AGM on 24 July 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Management 4 Aug - Board approved Q1 FY27 results, Rs 49.33 crore capex, and borrowing limit increase from Rs 200 crore to Rs 400 crore.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Directorate 4 Aug - Board approved Q1 FY27 results, Rs49.33 crore capex, borrowing limits raised to Rs400 crore, and new appointments.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 26 Jun
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Jun
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.