BGR Energy Systems Limited

BGR Energy Systems Limited

BGRENERGY.NS
BGR Energy Systems LimitedIN flagNational Stock Exchange of India
336.00
INR
-3.30
- -
24.25BMarket Cap
BGR Energy Systems Limited
BGRENERGY.NS
(National Stock Exchange of India)

Recent

price

336.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
659.17
477.91
431.2
457.19
466.24
449.24
476.59
456.84
453.3
372.85
157.86
169.07
109.43
138.31
62.7
41.53
41.53
Revenue per Share
44.8
31.05
22.45
13.31
-11.07
2.43
10.09
2.27
2.67
-0.4
-50.48
-25.35
-67.18
-105.01
-134.75
-178.51
-178.51
Basic EPS, GAAP
-37.34
-37.15
-12.14
27.53
-2.14
-14.73
72.88
-1.05
30.99
50.77
64.82
45.03
41.83
20.67
-257.4
-3.29
- -
Free Cash Flow per Basic Share
7
9.99
7
7
3
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
76.35
96.07
108.12
116.37
119.61
107.72
110.25
111.55
98.4
99.05
42.24
15.94
-51.24
-156.25
-287.45
10
10
Book Value per Share
137.43
165.76
180.18
189.68
166.38
178.47
190.65
190.71
171.71
161.27
100.12
74.22
13.99
-97.9
-227.32
-402.45
-402.45
Tangible Book Value per Share
72
72
72
72
72
72
72
72
72
72
72
72
72
72
72
72
72
Basic Weighted Avg Shares
47,526
34,505
31,133
33,009
33,662
32,435
34,410
32,984
32,728
26,920
11,397
12,207
7,901
9,986
4,525
2,997
2,997
Sales/Revenue/Turnover
10.77
13.04
13.08
10.57
8.21
11.94
12.12
11.99
8.15
8.34
-1.88
8.44
-18.95
-25.13
-127.97
-198.24
-198.24
Operating Margin (%)
173
174
203
212
271
235
244
254
281
349
305
274
168
134
129
110
110
Depreciation Expense
3,230
2,242
1,621
961
-799
175
729
164
193
-29
-3,645
-1,831
-4,850
-7,582
-9,724
-12,881
-12,881
Net Income, GAAP
32.81
31.69
33.78
47.86
- -
65.66
29.39
85.37
45.68
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
6.8
6.5
5.21
2.91
-2.37
0.54
2.12
0.5
0.59
-0.11
-31.98
-15
-61.39
-75.92
-214.9
-429.82
-429.82
Profit Margin (%)
17,917
11,289
13,752
15,481
13,584
11,442
6,963
2,068
-450
-1,201
368
-1,422
-746
-5,025
-15,269
11,061
11,061
Working Capital
444
432
138
78
3,518
3,896
2,736
1,705
357
59
- -
- -
2,335
4,344
4,332
45,003
45,003
LT Debt
10,039
12,088
13,138
13,783
12,064
12,932
13,790
13,803
12,434
11,673
7,253
5,371
1,016
-7,063
-16,398
-29,034
-29,034
Total Equity
17.87
11.63
8.33
5.26
- -
3.88
8.58
1.69
4.16
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
23.59
14.19
9.94
6.55
- -
4.11
8.28
2.33
5.59
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
72.27
36.04
21.99
11.85
-9.38
2.14
9.26
2.05
2.55
-0.4
-71.46
-87.15
- -
- -
- -
- -
-1,377.22
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
302
- -
342
LT Borrowings
39,681
- -
45,003
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
72
- -
72
Market Capitalization
17,212
26,981
17,722

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
39,848
- -
37,055
Cash, Cash Equivalents & STI
527
- -
260
Accounts Receivable, Net
3,812
- -
870
Inventories
115
- -
99
Total Current Liabilities
23,068
- -
25,995
Payables & Accruals
- -
- -
- -
ST Debt
302
- -
342
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-74.01%
-138.59%
77.06%
Free Cash Flow
-519.59%
-306.27%
-98.72%
Net Income, GAAP
1,301.75%
46.44%
32.47%
Sales/Revenue/Turnover
-16.45%
-18.05%
-33.77%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,450
2,352
4,622
1,563
9,986
2025
1,738
825
660
1,301
4,525
2026
886
832
777
501
2,997

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-12.68
-14.81
-95.66
- -
-105.01
2025
-15.72
-26.68
-46.58
-45.77
-134.75
2026
-36.74
-8.63
-26.72
-106.42
-178.51

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
BGR Energy Systems Limited is an engineering company that supplies capital equipment and provides turnkey engineering, procurement, and construction (EPC) services for power plants, petrochemical, process industries, and oil and gas sectors. The company operates through five complementary divisions: Power Projects, which delivers turnkey EPC and balance of plant (BOP) services for coal-based thermal power plants and gas-based combined cycle power plants typically exceeding 100 megawatts, including super critical steam generators; Oil and Gas Equipment, which designs and manufactures gas conditioning and metering skids, storage tanks, pipeline pig launching and receiving systems, gas processing complexes, compressor packages, separators, heaters, knockout drums, filter separators, and dry gas filters; Air Fin Coolers, which produces air cooled condensers, mechanical and natural draught cooling towers, hybrid cooling towers, and indirect cooling systems for refining, petrochemical, and oil and gas applications; Environmental Engineering, which offers deaerators, desalination plants, membrane-based water treatment plants, demineralization plants, effluent and sewage treatment recycling plants, and condensate polishing units for power and industrial plants; and Electrical Projects, which supplies extra high voltage (EHV) substations, gas-insulated switchgear (GIS) substations, optical fiber composite ground wire (OPGW), all-dielectric self-supporting (ADSS) systems, transmission lines, and rural electrification services. Founded in 1985 as a joint venture with GEA Energietechnik GmbH, Germany, and renamed BGR Energy Systems Limited in 2007, the company is headquartered in Chennai, Tamil Nadu, India, with manufacturing facilities in Andhra Pradesh and operations focused primarily on the Indian market, serving power utilities, oil and gas companies, refineries, and industrial clients. It also maintains subsidiaries such as Progen Systems and Technologies Limited for finned tubes, GEA Cooling Tower Technologies (India) Private Limited for cooling systems, and others supporting its technology transfers and specialized manufacturing. The company executes projects including BOP equipment, civil works, high-frequency resistance welded finned tubes, surface condensers, heat exchangers, pressure vessels, reactors, columns, process equipment, boiler components, heat recovery steam generators, and total water systems for power and process industries. In recent developments, BGR Energy Systems reported unaudited financial results for the first quarter and half-year ended September 30, 2025, and held its 39th Annual General Meeting in September 2025; it also intimated the assignment of financial assets to National Asset Reconstruction Company Limited under the SARFAESI Act in September 2025 and appointed or reappointed independent directors in May 2025. The company has secured orders from entities including Indian Oil Corporation Limited (IOCL), Tamil Nadu Transmission Corporation (TANTRANSCO), TANGEDCO (worth Rs 4,442.8 crore), and Nuclear Power Corporation of India Limited (NCPIL), along with TANTRANSCO for transmission projects; its EPC contract for the Ennore Thermal Power Station expansion was terminated in February 2024 due to progress issues. Earlier strategic alliances include technology transfers with GEA entities since 1994, Nooter/Eriksen (U.S.) for boilers, and joint ventures with Hitachi for supercritical steam turbine generators, supporting ongoing expansions in power and oil & gas equipment capabilities.