BGR Energy Systems Limited

BGR Energy Systems Limited

278.55
INR
-14.65
(-5.00%)
-173.09EPS
22.31BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
457.19
466.24
449.24
476.59
456.84
453.3
372.85
157.86
169.07
109.43
138.31
61.75
40.54
31.44
Basic EPS, GAAP
13.31
-11.07
2.43
10.09
2.27
2.67
-0.4
-50.48
-25.35
-67.18
-105.01
-134.68
-178.41
-172.83
Free Cash Flow per Basic Share
27.53
-2.14
-14.73
72.88
-1.05
30.99
50.77
64.82
45.03
41.83
20.67
-257.27
-3.29
- -
Dividend per Share
7
3
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
179.3
162.34
171.9
182.08
183.35
170.1
163.37
105.76
79.97
18.06
-91.58
-222.85
-396.43
- -
Tangible Book Value per Share
178.08
161.62
171.26
181.74
182.89
169.61
162.96
105.43
79.8
17.97
-91.66
-222.94
-396.53
- -
Basic Weighted Avg Shares
72
72
72
72
72
72
72
72
72
72
72
72
72
72
Sales/Revenue/Turnover
33,009
33,663
32,435
34,410
32,984
32,728
26,920
11,397
12,207
7,901
9,986
4,458
2,927
2,269
Operating Margin (%)
10.57
8.21
11.94
12.12
11.99
8.15
8.34
-1.88
8.44
-18.95
-25.13
-114.67
-179.7
-259.7
Depreciation Expense
212
271
235
244
254
281
349
305
274
168
134
129
110
91
Net Income, GAAP
961
-799
175
729
164
193
-29
-3,645
-1,831
-4,850
-7,582
-9,724
-12,881
-12,472
Effective Tax Rate (%)
47.86
- -
65.66
29.39
85.37
45.68
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
2.91
-2.37
0.54
2.12
0.5
0.59
-0.11
-31.98
-15
-61.39
-75.92
-218.11
-440.09
-549.72
Working Capital
15,481
13,584
11,442
6,963
2,068
-450
-1,201
368
-1,422
-746
-5,025
-15,269
11,061
- -
LT Debt
78
3,518
3,896
2,736
1,705
357
59
- -
- -
2,335
4,344
4,332
45,003
- -
Total Equity
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
- -
Return on Invested Capital (%)
5.26
- -
3.37
8.01
1.31
4.17
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
5.7
- -
3.65
7.11
1.98
4.78
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
7.63
-6.48
1.45
5.71
1.24
1.51
-0.24
-37.54
-27.32
-137.13
- -
- -
- -
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
343
- -
LT Borrowings
- -
45,003
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
72
72
72
Market Capitalization
26,931
17,730
22,312

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
37,055
- -
Cash, Cash Equivalents & STI
- -
260
- -
Accounts Receivable, Net
- -
12,970
- -
Inventories
- -
99
- -
Total Current Liabilities
- -
25,995
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
343
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

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
-16.57%
-18.3%
-34.35%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,738
825
661
1,301
4,458
2026
886
833
777
501
2,927
2027
158
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-15.72
-26.68
-46.58
-45.77
-134.68
2026
-36.74
-8.63
-26.72
-106.42
-178.41
2027
-31.06
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Arjun Govind Raghupathy
Full Time Employees
375
Sector
Industrial services
Industry
Engineering & construction
Address
443, Anna Salai Chennai TN India 600018
IPO Date
Dec 5, 2007
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.