Bharat Gears
NSE: BHARATGEAR · Auto Components & Equipments
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Snapshot
Unlock Bharat Gears's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Bharat Gears Limited is one of India's largest gear manufacturers, specializing in automotive gears and components such as ring gears, pinions, and transmission assemblies. The company operates advanced manufacturing facilities and serves major domestic and international original equipment manufacturers alongside a robust aftermarket distribution network.
Business Model
The company generates revenue by designing, manufacturing, and supplying automotive gears and gearbox assemblies to major original equipment manufacturers in the agricultural machinery, commercial vehicle, and utility vehicle segments. Additionally, it capitalises on the automotive aftermarket by distributing replacement parts through an extensive dealer network.
Growth Outlook
Growth is driven by expansion in the commercial and agricultural vehicle sectors, technological upgrades in manufacturing, and strengthening the aftermarket distribution network across domestic and international markets.
Key Risks
- Cyclicality in Automotive Industry. Demand for gears and components is closely tied to the cyclical production schedules of commercial, utility, and agricultural vehicle OEMs.
- Raw Material Price Volatility. Fluctuations in steel and other alloy prices can exert pressure on operating margins if cost increases cannot be fully passed on to customers.
- Technological Disruption. The transition towards electric vehicles and alternative drivetrain technologies may require substantial R&D and retooling of traditional gear manufacturing processes.
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Key Metrics
REVENUE
₹784 Cr
TTM · standalone
NET PROFIT
₹17 Cr
TTM · standalone
EPS
₹10.75
TTM · standalone
RETURN ON EQUITY
14.1%
TTM · standalone
RETURN ON CAPITAL EMPLOYED
19.0%
TTM · standalone
P/E
9.3x
Q4 FY26 · standalone
EV/EBITDA
3.6x
Q4 FY26 · standalone
EBITDA MARGIN
7.5%
TTM · standalone
NET PROFIT MARGIN
2.4%
Q4 FY26 · standalone
DEBT TO EQUITY
0.4x
Q4 FY26 · standalone
Peers · Auto Components & Equipments
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Bharat GearsBHARATGEAR | ₹156 Cr | 9.27 | 3.65 | 21.1% | 7.5% | 14.1% | 19.0% | -24.7% |
Munjal ShowaMUNJALSHOW | ₹534 Cr | 20.05 | 11.73 | 12.3% | 3.3% | 3.7% | 4.8% | -11.6% |
Omax AutosOMAXAUTO | ₹449 Cr | 10.62 | 5.35 | 31.8% | 17.2% | 12.2% | 17.5% | +51.5% |
Autoline Industries LimitedAUTOIND | ₹398 Cr | 9.25 | 7.92 | — | 9.6% | 20.2% | 24.1% | +9.6% |
Menon PistonsMENNPIS | ₹377 Cr | 13.96 | 7.44 | 16.1% | 16.6% | 15.6% | 21.5% | +9.9% |
PPAP AutomotivePPAP | ₹346 Cr | 6.96 | 9.40 | 10.7% | 9.5% | 14.7% | 18.6% | +7.8% |
As of Q4 FY26
Financials
Bharat Gears
NSE: BHARATGEAR · Auto Components & Equipments
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Bharat Gears's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Bharat Gears Limited is one of India's largest gear manufacturers, specializing in automotive gears and components such as ring gears, pinions, and transmission assemblies. The company operates advanced manufacturing facilities and serves major domestic and international original equipment manufacturers alongside a robust aftermarket distribution network.
Business Model
The company generates revenue by designing, manufacturing, and supplying automotive gears and gearbox assemblies to major original equipment manufacturers in the agricultural machinery, commercial vehicle, and utility vehicle segments. Additionally, it capitalises on the automotive aftermarket by distributing replacement parts through an extensive dealer network.
Growth Outlook
Growth is driven by expansion in the commercial and agricultural vehicle sectors, technological upgrades in manufacturing, and strengthening the aftermarket distribution network across domestic and international markets.
Key Risks
- Cyclicality in Automotive Industry. Demand for gears and components is closely tied to the cyclical production schedules of commercial, utility, and agricultural vehicle OEMs.
- Raw Material Price Volatility. Fluctuations in steel and other alloy prices can exert pressure on operating margins if cost increases cannot be fully passed on to customers.
- Technological Disruption. The transition towards electric vehicles and alternative drivetrain technologies may require substantial R&D and retooling of traditional gear manufacturing processes.
Start your research today
Unlock AI insights, financials, peers and live data on Bharat Gears and 5,000+ companies — free.
Key Metrics
REVENUE
₹784 Cr
TTM · standalone
NET PROFIT
₹17 Cr
TTM · standalone
EPS
₹10.75
TTM · standalone
RETURN ON EQUITY
14.1%
TTM · standalone
RETURN ON CAPITAL EMPLOYED
19.0%
TTM · standalone
P/E
9.3x
Q4 FY26 · standalone
EV/EBITDA
3.6x
Q4 FY26 · standalone
EBITDA MARGIN
7.5%
TTM · standalone
NET PROFIT MARGIN
2.4%
Q4 FY26 · standalone
DEBT TO EQUITY
0.4x
Q4 FY26 · standalone
Peers · Auto Components & Equipments
As of Q4 FY26