Bharat Seats (BHARATSE) had a P/E of 25.5× on 6 Nov 2026, below the industry P/E of 25.6×, and the shares are 20% below their 52-week high. It earns ROCE of 20% and ROE of 23%, and sales and net profit grew 23% and 25% a year over 3 years. Its dividend yield is 0.7%, and debt is 0.49× equity. It is a small-cap company with a market cap of ₹1,314 Cr, ranked 69th of 140 Auto Parts companies by market cap; the shares rose 3.0% over the past year.
- ₹213.50
- ₹213.50
- ₹208.05
- ₹212.00
- 83.3K
Health check
- ReturnsIn line
+3.0% over a year, better than 3 of 7 peers.
- Price tagIn line
P/E 25.5 vs industry 25.6.
- GrowthStrong
Sales +22.9%, profit +25.1% a year over 3 years.
- ProfitabilityStrong
ROCE 20.4% vs peer median 15.6%.
- Balance sheetSolid
Debt 0.49× equity, interest covered 6.7×, Piotroski 8 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹1,314 Cr
- Small cap
- P/E
- 25.5
- Industry 25.6
- Price to book
- 5.29
- Peers 8.75
- Dividend yield
- 0.72%
- ROE
- 22.7%
- Peers 12.3%
- ROCE
- 20.4%
- Peers 15.6%
- Debt to equity
- 0.49
- Debt ₹122 Cr
- EPS (TTM)
- ₹8.21
- Face value ₹2
- OPM (TTM)
- 4.9%
- Net margin 2.2%
- Sales growth
- +54.6%
- Latest quarter vs a year ago
- Profit growth
- +53.5%
- Latest quarter vs a year ago
- Price to sales
- 0.56
- EV/EBITDA 12.8
Strengths and risks
Strengths
- Return on equity of 22.7%.
- Return on capital employed of 20.4%.
- Quarterly profit up 53.5% on a year ago.
- Quarterly sales up 54.6% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About Bharat Seats
Bharat Seats Limited manufactures and sells seating systems and moulded carpets and extruded components for the automotive and surface transport industries in India. It offers seats for four-wheeler, two-wheeler, and railway chair cars; carpets; roof and windshield modeling products; and two-wheeler frame parts. The company also offers NVH components like floor carpet, silencer dash inner, silencer dash outer, motor cover under, fender lining, wheel…
- Headquarters
- Gurugram
- Employees
- 445
- Sector
- Consumer Cyclical
- ISIN
- INE415D01024
- Website
- bharatseats.com
Price range
- Avg volume (3M)
- 2.9 L
- 1-year return
- plus 3.0%
- From 52-week high
- minus 20.5%
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.32% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 54.2 | 19.50 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.53% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.40% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.99% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.1% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| BHARATSEBharat Seats | 209.29 | minus 1.28% | 1,314 | 25.5 | 5.29 | 20.4% | 22.7% | 4.9% | 22.9% | 25.1% | 0.72% | plus 3.0% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 15.6% | 12.3% | 15.1% | 12.3% | 22.3% | 0.40% | 6.6% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 459 | 491 | 574 | 578 | 709 | |
| 436 | 466 | 545 | 550 | 677 | |
| 22.6 | 25.1 | 29.7 | 28.2 | 31.9 | |
| 4.9% | 5.1% | 5.2% | 4.9% | 4.5% | |
| 2.7 | 0.9 | 0.6 | 1.1 | 0.9 | |
| 3 | 2.2 | 2.4 | 2.2 | 2.3 | |
| 9.1 | 9 | 9.3 | 9.4 | 9.8 | |
| – | −1.4 | – | – | – | |
| 13.3 | 13.5 | 18.5 | 17.7 | 20.6 | |
| 25.5% | 26.4% | 28.4% | 25.4% | 26.3% | |
| 9.9 | 9.9 | 13.3 | 13.2 | 15.2 | |
| 1.58 | 1.58 | 2.11 | 2.10 | 2.42 |
Profit & loss
- Sales CAGR 3Y
- +22.9%
- Profit CAGR 3Y
- +25.1%
- EPS CAGR 3Y
- +25.1%
- ROE
- 22.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,049 | 1,064 | 1,286 | 1,948 | |
| – | +1.5% | +20.8% | +51.5% | |
| 1,001 | 1,002 | 1,210 | 1,848 | |
| 48.2 | 62 | 76.1 | 100 | |
| 4.6% | 5.8% | 5.9% | 5.1% | |
| 2.1 | 3.1 | 2.7 | 4.4 | |
| 3.6 | 7.7 | 8.8 | 10 | |
| 17.1 | 24 | 26.2 | 35.3 | |
| −0 | 0.2 | 0.1 | −1.5 | |
| 29.6 | 33.6 | 43.9 | 57.6 | |
| 27.3% | 25.4% | 25.5% | 26.7% | |
| 21.5 | 25.1 | 32.7 | 42.2 | |
| – | +16.3% | +30.5% | +29.1% | |
| 3.43 | 2.00 | 5.21 | 6.72 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.3 | 6.3 | 12.6 | 12.6 | |
| 140 | 161 | 182 | 217 | |
| 65.7 | 160 | 152 | 110 | |
| 146 | 179 | 301 | 397 | |
| 358 | 505 | 648 | 737 | |
| 210 | 324 | 370 | 366 | |
| 12.6 | 49.5 | 89.7 | 13.5 | |
| 0.2 | – | 1.3 | 1.4 | |
| 1 | 1.1 | 4 | 16.3 | |
| 134 | 131 | 183 | 339 | |
| 358 | 505 | 648 | 737 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 42.5 | 56.7 | 96.1 | 107 | |
| −59.1 | −72.6 | −68.1 | −47.2 | |
| 16.8 | 15.7 | −25.3 | −47.2 | |
| 0.3 | −0.2 | 2.7 | 12.4 | |
| −60.5 | −73.3 | −69.9 | −50.9 | |
| −18 | −16.5 | 26.3 | 55.8 | |
| −2.5 | −4.4 | −5 | −6.9 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 16.4% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.