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    Producer manufacturing

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    Auto parts: OEM
Bharat Seats Limited

Bharat Seats Limited

182.40
INR
-6.70
(-3.54%)
7.37EPS
25.84P/E
11.96BMarket Cap
Bharat Seats Limited
BSE:BHARATSE
(Bombay Stock Exchange)

Recent

price

182.40

P/E

ratio

25.84

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
70.32
68.8
95.89
89.18
110.42
111.44
133.75
154.38
143.7
93.59
87.09
130
167
169.5
204.73
310.13
334.86
Revenue per Share
1.31
0.91
0.85
1.07
1.29
1.15
1.94
4.49
3.41
1.99
0.77
1.9
3.43
3.99
5.21
6.72
7.37
Basic EPS, GAAP
-1.55
-4.32
-5.11
2.95
3.6
4.47
6.12
10.91
1.59
-1.03
-0.02
-0.25
-2.86
-2.63
4.19
8.88
- -
Free Cash Flow per Basic Share
0.3
0.4
0.4
0.4
0.4
0.45
0.45
0.54
0.6
0.6
0.25
0.25
0.4
0.7
0.8
1.1
- -
Dividend per Share
5.21
5.65
6.03
6.63
7.91
8.51
9.89
13.82
16.65
18.04
18.57
20.24
23.3
26.56
30.98
36.57
- -
Book Value per Share
5.21
5.65
6.03
6.54
7.82
8.42
9.67
13.59
16.46
17.88
18.42
20.08
23.07
26.38
30.51
36.11
- -
Tangible Book Value per Share
63
63
63
63
63
63
63
63
63
63
63
63
63
63
63
63
63
Basic Weighted Avg Shares
4,416
4,321
6,022
5,600
6,934
6,998
8,399
9,695
9,024
5,878
5,469
8,164
10,488
10,645
12,857
19,476
21,017
Sales/Revenue/Turnover
2.91
2.33
2.04
2.7
2.27
1.91
2.4
4.75
3.68
2.4
1.73
2.1
2.97
3.57
3.88
3.32
3.28
Operating Margin (%)
48
67
113
135
164
165
171
191
206
225
180
176
171
240
262
353
367
Depreciation Expense
82
57
54
67
81
72
122
282
214
125
48
119
215
251
327
422
463
Net Income, GAAP
28.01
21.5
23.78
25.5
28.65
26.67
27.63
35.14
31.4
- -
27.68
25.14
27.28
25.39
25.51
26.69
26.53
Effective Tax Rate (%)
1.86
1.32
0.89
1.2
1.17
1.03
1.45
2.91
2.37
2.13
0.88
1.46
2.05
2.35
2.54
2.17
2.2
Profit Margin (%)
-233
-396
-432
-575
-623
-643
-578
-321
-189
-271
-190
50
-351
-502
-660
-500
- -
Working Capital
121
413
595
526
380
221
196
223
201
292
262
343
369
1,180
1,172
926
- -
LT Debt
327
355
379
417
497
534
621
868
1,046
1,133
1,166
1,271
1,463
1,668
1,946
2,297
- -
Total Equity
15.69
8.32
4.34
5.25
5.2
3.98
11.28
24.95
18.22
- -
4.67
8.11
11.97
10.58
11.07
13.5
- -
Return on Invested Capital (%)
16.06
12.31
9.83
9.03
9.37
8.2
12.09
25.54
19.13
- -
5.16
9.29
12.76
11.43
11.66
14.45
- -
Return on Capital (%)
27.39
16.67
14.58
16.86
17.78
13.99
21.06
37.9
22.39
11.49
4.18
9.77
15.76
16
18.1
19.91
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
175
- -
LT Borrowings
- -
375
- -
LT Finance Leases
- -
551
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
63
63
63
Market Capitalization
10,849
8,867
11,963

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
3,556
- -
Cash, Cash Equivalents & STI
- -
163
- -
Accounts Receivable, Net
- -
2,635
- -
Inventories
- -
602
- -
Total Current Liabilities
- -
4,056
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
175
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.05%
14.56%
18.05%
Free Cash Flow
158.49%
363.48%
112.07%
Net Income, GAAP
37.79%
60.94%
29.15%
Sales/Revenue/Turnover
13.82%
30.3%
51.48%
Total Cash Common Dividend
- -
- -
37.5%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2,989
2,907
3,064
3,929
12,857
2026
4,271
4,586
4,910
5,743
19,476
2027
5,778
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1.05
1.13
1.21
1.81
5.21
2026
1.46
1.58
1.58
2.11
6.72
2027
2.1
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.8
2026
- -
- -
- -
- -
1.1
2027
- -
- -
- -
- -
- -
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Business
Bharat Seats Limited (BHARATSE.NS) manufactures seating systems and interior components for the automotive and surface transport industries in India. The company produces four-wheeler seating systems, two-wheeler seating systems and frames, railway seats and berths, molded carpets, NVH components, body sealing parts including extrusions and windshield moldings, and sheet metal components. Bharat Seats operates five state-of-the-art manufacturing facilities across Haryana and Gujarat, with headquarters in New Delhi and primary plants in Gurugram. Founded in 1986 as a joint venture between Rohit Relan & Associates, Maruti Udyog Limited, and Suzuki Motor Corporation Japan, the company holds certifications including IATF 16949, ISO 14001, and OHSAS 18001, and maintains strategic partnerships with Maruti Suzuki India Limited, Suzuki Motor Corporation, NDR Auto Components Limited, and Suzuki Motorcycle India Private Limited, which provide technological advantages and assured order books. In recent developments, Bharat Seats reported strong financial performance for fiscal year 2025, with revenue reaching Rs 1,289 crore and profit after tax of Rs 33 crore, alongside operating cash flow of Rs 96 crore supporting capacity expansions; Q2 FY26 results approved on November 5, 2025, showed H1 profit of Rs 19.08 crore on revenue of approximately Rs 458 crore for the quarter, though facing a tax demand of Rs 22.44 crore plus penalty. The company appointed a senior manager in November 2025 and seeks shareholder approval for material related party transactions exceeding Rs 500 crore annually with Maruti Suzuki, NDR Auto Components, and Suzuki Motorcycle India for FY26 onward, alongside a Rs 1.10 per share dividend recommendation. Its Gurugram plant received the "Award for Excellence in Consistent TPM Commitment" in 2021, and it emphasizes ESG initiatives for carbon emission reduction.