Bharat Seats Q2 FY27 Share Price & Earnings Call Analysis

₹200.54+0.75% today
Market cap
₹1,259 Cr
P/E
23.96
ROE
20.43%
PEG
0.92
Price to sales
0.53
Debt to equity
0.49
52W high / low
₹255 / ₹135
Sales growth (5Y)
28.93%
EBITDA margin
4.88%
Net profit margin
2.22%
Promoter holding
74.66%
Sales (last year)
₹2,352 Cr

Incorporated in 1986, Bharat Seats Ltd manufactures complete seating system and interior component for the automotive and surface transport[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Auto Components
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Auto Components companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹2,874 Cr45.4
240%+Flat₹2,116 Cr55.2
340%+Flat₹370 Cr15.1
420–40%Up 2%+₹25,664 Cr73.6
520–40%Up 0–2%₹21,742 Cr33.9
620–40%Up 0–2%₹11,707 Cr41.0

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Pro shows every company guiding 40%+ revenue growth →Full Auto Components ranking

Financials of Bharat Seats

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Bharat Seats

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +74.59%74.59%74.59%74.59%74.59%74.66%74.66%74.66%74.66%74.66%74.66%74.66%
FIIs +0.00%0.00%0.00%0.00%0.00%0.00%0.03%0.27%0.06%0.15%0.15%0.06%
DIIs +0.11%0.11%0.11%0.11%0.11%0.11%0.11%0.12%0.21%0.21%0.22%0.22%
Public +25.29%25.30%25.30%25.31%25.30%25.22%25.20%24.95%25.05%24.97%24.96%25.05%
No. of Shareholders13,41014,89415,12116,67727,01626,43825,96526,89828,46629,71230,20031,878

Financials of Bharat Seats

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +286250278299291306393427459491574578709
Expenses +269235261282273288370405436466545550677
Operating Profit17151717181923222325302832
OPM %6%6%6%6%6%6%6%5%4.9%5%5%4.9%4.5%
Other Income +111111113-0111
Interest2222222232222
Depreciation66666778999910
Profit before tax98119101015121313191821
Tax %25%27%23%26%26%26%25%26%26%26%28%25%26%
Net Profit +7687781191010131315
EPS in Rs1.080.881.291.051.131.211.811.461.581.582.112.102.42

Financials of Bharat Seats

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +6937008409709045895488181,0511,0671,2891,9512,352
Expenses +6616708039058535535217851,0051,0061,2131,8522,237
Operating Profit323037655036273246617599115
OPM %4.7%4.3%4.4%7%6%6%4.9%3.9%4.4%6%6%5%4.9%
Other Income +2211522545442
Interest65433344489109
Depreciation16171719212218181724263537
Profit before tax1110174431127163034445870
Tax %29%27%28%35%31%-2%28%25%27%25%26%27%
Net Profit +87122821135122225334252
EPS in Rs1.291.151.944.493.411.990.771.903.433.995.216.728.21
Dividend Payout %35%39%23%11%15%13%33%21%20%20%21%22%

Financials of Bharat Seats

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital6666666666131313
Reserves4047568098107110121140161182217236
Borrowings +917563252940353966160152110122
Other Liabilities +12712214017214089140171146179301397426
Total Liabilities265250265285273242291337358505648737797
Fixed Assets +150144146136152150126147199276283356352
CWIP310130223081249901222
Investments0000000000000
Other Assets +11110411913512169135182147181275369423
Total Assets265250265285273242291337358505648737797

Financials of Bharat Seats

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +3634386935281916435796107
Cash from Investing Activity +-13-6-17-23-24-34-12-15-59-73-68-47
Cash from Financing Activity +-23-28-22-44-4-3-7-21716-25-47
Net Cash Flow00027-9-0-10-0312
Free Cash Flow2328224610-670-17-162859
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit116%122%111%127%89%93%80%56%127%113%137%122%

Financials of Bharat Seats

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days404341353122554934355649
Inventory Days798121116242812161913
Days Payable566061665957996848598769
Cash Conversion Cycle-8-8-13-19-17-19-209-3-7-13-7
Working Capital Days-35-34-26-13-12-18-132-13-17-20-12
ROCE %13%12%17%40%28%11%7%12%18%15%16%20%
28out of 100

Momentum score · price trend

28 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−1.3%59%
Last 6 months+3.9%61%
Last 3 months−10.9%42%

The price is 21.8% below its all-time high of ₹254.62 (13 Jul 2026). Stocks more than 20% below their peak have their score halved, so 56 became 28.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Bharat Seats: 0.4 × 59 + 0.4 × 61 + 0.2 × 42 = 56, halved to 28 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

What Bharat Seats's management said in earlier quarters

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