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₹123.96

▼ -3.52 -2.76%

As of 28 Jul 2026 · delayed

NSE Listed · Auto Ancillaries

ESM · ESM 1
What does ESM · ESM 1 mean?
BSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-07-06
NSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-07-14

Bharat Gears Ltd. (BHARATGEAR)

Volume: 48,095Avg Vol 1W: 21,849Avg Vol 1M: 44,61252W Range:₹83.8₹154.2
NSE BSE www.bharatgears.com AI Report
Key Ratios
Checked 8h ago
Market Cap₹190 Cr
Current Price₹123.96
Previous Close₹127.48
High / Low (52w)₹154.2 / ₹83.8
Volume48,095
Avg Vol (1W)21,849
Avg Vol (1M)44,612
Stock P/E11.64
Book Value₹85.44
Dividend Yield78%
ROE12.58%
ROA411.95%
Revenue (TTM)₹784 Cr
Revenue Growth—
Profit Margin210.54%
Total Debt—
Shares Outstanding2 Cr
Face Value₹10
EPS (TTM)₹10.65
P/B1.45
Debt / Equity—
50 DMA₹121.39
200 DMA₹111.19
Day change-2.76%
SurveillanceESM · ESM 1
Price Chart
₹123.96▲ 27.86% · 1Y
₹147₹851.2Cr
2025-07-29
2026-07-28

20-day avg volume: 42K shares

Pros
  • Pays a dividend yield of 78.0%.
  • Revenue grew 22% YoY.
  • Net profit is growing year over year.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹166 Cr₹165 Cr₹142 Cr₹175 Cr₹180 Cr₹205 Cr₹189 Cr₹210 Cr
EBITDA₹2 Cr₹3 Cr₹-8 Cr₹8 Cr₹6 Cr₹13 Cr₹7 Cr₹10 Cr
Net Profit₹-2 Cr₹14 Cr₹-10 Cr₹2 Cr₹2 Cr₹7 Cr₹3 Cr₹5 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹599 Cr₹468 Cr₹504 Cr₹733 Cr₹775 Cr₹667 Cr₹650 Cr₹791 Cr
EBITDA₹41 Cr₹-3 Cr₹13 Cr₹49 Cr₹35 Cr₹5 Cr₹4 Cr₹36 Cr
Net Profit₹13 Cr₹-19 Cr₹-8 Cr₹26 Cr₹13 Cr₹-10 Cr₹3 Cr₹17 Cr
EPS14.84-20.38-8.0317.628.78-6.342.0810.75
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹420 Cr₹374 Cr₹384 Cr₹404 Cr₹407 Cr₹385 Cr₹364 Cr₹401 Cr
Total Liabilities₹331 Cr₹295 Cr₹310 Cr₹295 Cr₹287 Cr₹275 Cr₹252 Cr₹270 Cr
Equity₹88 Cr₹80 Cr₹74 Cr₹108 Cr₹121 Cr₹111 Cr₹113 Cr₹131 Cr
Total Debt————————
Cash Flow
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹54 Cr₹59 Cr₹35 Cr₹47 Cr₹48 Cr₹48 Cr₹32 Cr
Investing₹-29 Cr₹-2 Cr₹-5 Cr₹-26 Cr₹-13 Cr₹2 Cr₹-8 Cr
Financing₹-20 Cr₹-57 Cr₹-32 Cr₹-3 Cr₹-37 Cr₹-51 Cr₹-31 Cr
Free Cash Flow₹54 Cr₹59 Cr₹35 Cr₹47 Cr₹48 Cr₹48 Cr₹32 Cr
Shareholding
Promoter 55.33% Institutions 1.35% Public 43.33%
About Bharat Gears Ltd.

Auto Ancillaries · Auto Ancillaries

Bharat Gears Limited manufactures and supplies automotive gear in India, the United States, Mexico, Spain, and internationally. The company offers gear products, such as ring gears, pinions, transmission gears, shafts, differential gears, and bevel gears; automotive components, including automotive clutch assemblies and components, turbochargers and related parts, driveline products, axle shafts, flywheel assemblies and rings, propeller shaft components, U-J Cross, steering components, differential cages, steel wheel rims, turbocharger core and rotor, ST. Bevel, ceramic button, and break lining; heat-treating furnaces; and precision machined components, shafts, fasteners, gears, castings, and forgings. It also provides single/multi-row pusher carburisng furnaces, rotary hearth furnaces, other heat-treating equipment and systems, and capabilities; and other heat-treating equipment and systems, such as conveyor mesh belt furnace lines, rotary retort furnaces, pusher furnaces for general applications, automation and handling systems, atmosphere systems, endothermic gas generators, and process control/ SCADA systems. It serves original equipment manufacturers, as well as the automotive, agriculture, construction, utilities, and EV segments. Bharat Gears Limited was incorporated in 1971 and is headquartered in Mumbai, India.

www.bharatgears.com ↗
Efficiency & Working Capital
ROCE1.7%
Interest Coverage2.6
Dividend Payout—
Debtor Days53 d
Inventory Days47 d
Payable Days69 d
Cash Conversion Cycle31 d
Working Capital Days100 d
Shareholding Details

As of 2026-06-30

Promoter55.3%
FII1.3%
DII0%
Institutions1.3%
Public43.3%
Promoter Pledge0%
No. of Shareholders22,703
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters55.3%55.3%55.3%55.3%55.3%55.3%55.3%55.3%55.3%55.3%55.3%55.3%
FIIs1.2%1.2%1.3%1.3%1.2%1.2%1.3%1.2%1.2%1.4%1.4%1.3%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public43.4%43.4%43.3%43.4%43.4%43.4%43.4%43.4%43.4%43.3%43.2%43.3%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders24,97624,49224,81325,08324,95824,88424,76324,59725,97624,16023,21222,703
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Surinder Paul KanwarShareholding of Promoter and Promoter Group37%56,80,989
Ultra Consultants Private LimitedShareholding of Promoter and Promoter Group14.1%21,63,193
Raunaq International Limited (formerly Known As Raunaq Epc International Limited)Shareholding of Promoter and Promoter Group1.7%2,59,206
Vibrant Reality Infra Private Limited (formerlyknownasvibrantfinanceandinvestmentprivatelimited)Shareholding of Promoter and Promoter Group1.4%2,21,800
Acadian Emerging Markets Micro-cap Equity Master FundPublic Shareholding1.2%1,88,941
Clip-lok Simpak (india) Private LimitedShareholding of Promoter and Promoter Group1.1%1,68,315
Late Dr. Raunaq SinghShareholding of Promoter and Promoter Group0%907
Sachit KanwarShareholding of Promoter and Promoter Group0%1,000
Pawania KanwarShareholding of Promoter and Promoter Group0%0
Sameer KanwarShareholding of Promoter and Promoter Group0%0
Deepti KanwarShareholding of Promoter and Promoter Group0%0
Nexus Epc Private Limited(formerly Known As Samreet Investment And Management Consultancy Private LiShareholding of Promoter and Promoter Group0%0
Nexus Drvline India Private Limited (formerly Known As Nexus Driveline India Private Limited)Shareholding of Promoter and Promoter Group0%0
Xlerate Driveline India LimitedShareholding of Promoter and Promoter Group0%0
Gulab Merchandise Private LimitedShareholding of Promoter and Promoter Group0%0
Akasa Design Studio LlpShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
Surinder P KanwarChairman / Executive Director / Managing Director2026
W R SchilhaIndependent Non Exe. Director2026
N V SrinivasanIndependent Non Exe. Director2026
RAMAN NANDAIndependent Non Exe. Director2026
Kavita JhaIndependent Non Exe. Director2026
Satya Prakash MangalIndependent Non Exe. Director2026
Bharat Dev Singh KanwarIndependent Non Exe. Director2026
Naresh Kumar VermaED / WTD / Business Head2026
Prashant KhattryCS / Compliance Officer / Corporate Head2026
Segments — Product
SegmentRevenueShare
Automotive Gears₹0 Cr—
Segments — Geography
RegionRevenueShare
India₹533 Cr69.4%
USA₹82 Cr10.6%
Mexico₹42 Cr5.4%
Spain₹44 Cr5.7%
Other countries₹68 Cr8.8%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10201515
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-03Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000616
2025000616
2025000000
Insider / Designated-Person Trades

2 recent disclosure(s)

NARESH VERMAAcquisition · 500
NARESH VERMAAcquisition · 10,000
Company Information
Incorporated1971
ChairmanSurinder P Kanwar
AuditorDeloitte Haskins & Sells LLP
Investor Email[email protected] ; [email protected]
🌐 www.bharatgears.com ↗

📍 22 Camac Street Block C, 3 rd Floo, Kolkata, West Bengal, 700016

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