Bharat Gears Ltd.
Snapshot View

124.50 +3.20 ▲2.6%

30 July 2021, 04:00:00 P.M.
Volume: 51,834

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.bharatgears.com
Financial Indicators
Market Cap 116.19 Cr.
Earnings per share (EPS) -8.27 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 88.18 Trailing Twelve Months Ending 2021-03
Book Value / Share 79.31 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.57 Calculated using Price: 124.85
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 0.93 Cr. 9,306,095 Shares
FaceValue 10
Company Profile

Bharat Gears was founded by the tireless Raunaq Singh, a man who aspired to take on the challenges of the liberalization of the Indian economy and the opportunities of the 21 st Century. With his dynamic leadership, Raunaq Singh was instrumental in strengthening Bharat Gears to leadership position it is in today.

Incorporated on 23rd December 1971, BGL is India's largest gear manufacturer. Since commencing business in 1974, BGL entered into the technical know-how with Holcroft, Michigan, U.S.A. for manufacturing Furnaces in May 1983 and with ZF Friedrichshafen, AG, Germany, in 1985 to Mid May,2007 technical and Financial collaboration for manufacturing Gear Boxes. BGL manufactures a wide range of gears for HCV, MCV, LCV, utility and off-highway vehicles. The products includes bevel, straight bevel and transmission gears.

BGL combines a modern line of machinery from all over the world. BGL manufactures a wide range of hypoid/spiral gears, differential gears and shafts, complete automotive transmissions, gearbox sub-assemblies and differential assemblies. World class parallel axis gear grinding and welding machines are deployed to enhance the capabilities to produce internals for heavy-duty power shift transmissions.

BGL's furnace division builds a variety of furnaces - sealed quench, continuous gas carburisers, rotary hearths etc. with technical know-how from AFC-Holcroft, USA. With niche markets in the OEM segment being serviced from the Mumbra plant, BGL felt the need to penetrate the untapped replacement market that comprises about 50% of the auto component industry. The fresh capacity needed to address the opportunity was achieved by the amalgamation of Universal Steel and Alloys Limited with BGL under a scheme of rehabilitation sanctioned by BIFR effective April 1, 1998. The facilities so acquired at Faridabad was upgraded and expanded in May 2000 at substantial investment. Apart from being the largest manufacturer of gears for OEM's in India, BGL is a major exporter to countries around the world.

Both plants are ISO/TS-16949:2002 & Faridabad Plant is ISO 14001:1996 also.

Milestones:

• 1972- Foundation Stone laid at Mumbra Factory. 

• 1974- Inauguration of the Hypoid Plant and Commencement of Production with 'Gleason Machines'. 

• 1980- First 'Oerlikon Spiromatic Generator' installed. BGL becomes the First Company in INDIA to have both Cutting Systems under one Roof. 

• 1981- Memorandum of Association signed with AFC-Holcroft, U.S.A. for construction of furnaces in India to AFC-Holcroft design.

• 1985-2007- Collaboration Agreement with ZF AG Germany

• 1987- Delivery for ZF S6-36 Gears & Shafts to Ashok Leyland Ltd. and ZFAG, Germany. 

• 1987- Start of Assembly of ZF S5-24 Gear Boxes for Ashok Leyland. 

• 1988- Start of business with DANA CORPORATION, USA 

• 1994- BGL receives ISO 9002 

• 1996- BGL crosses turnover of Rs. 1 Billion. 

• 1998- Foundation Stone for Faridabad Plant Laid 

• 2000- Start of Commercial Production in Faridabad 

• 2000- BGL receives SQ 9000 for Mumbra Plant 

• 2001- BGL receives SQ 9000 for Faridabad Plant 

• 2004- BGL Faridabad starts supply to Toyota Kirloskar Auto Parts 

• 2004- BGL Faridabad receives ISO 14001 certification 

• 2005- BGL Faridabad & Mumbra receives TS 16949 certification 

• 2008- Introduction of Dry Cut Hobbing process 

• 2009- Introduction of Klinglenberg Close Loop CNC Gear Measuring system 

• 2010- Introduction of Bevel Gear dry cutting process with close loop technology 

• 2011 - BGL Faridabad Receives OHSAS 18001 Certification

Divisions:

• Gears

• Furnaces

• Allied Auto Components

Group Company:

Raunaq International-  Raunaq International is an Engineering Contracting Organization managed by dedicated team of professionals at various levels in different disciplines, is engaged in the service of core sector of industries in India. Raunaq International Limited has sufficient in-house resources in terms of Engineering Manpower, Tools and Plants, and Technical know-how besides separate departments for Design and Engineering, Quality Assurance and Inspection etc. to cater the needs for undertaking the Turnkey Contracts of Mechanical, Civil and associated Electrical and Instrumentation works and offer specialized.

Domestic Clients:

1. Carr ro-India Italy, China

2. JDEPL-India 

3. JCB India, UK 

4. Mahindra & Mahindra

5. Paharpur Cooling Towers Ltd. 

6. Ashok Leyland

7. Spicer India

8. Axles India

9. Swaraj Mazda

10. CLAAS-India, France

11. TATA Motors

12. Escorts Ltd.

13. Toyota Kirloskar Auto Parts

Global Clients:

1. Dana Corporation, USA 

2. EATON USA 

3. JDCW, USA 

4. JOHN DEERE Iberica, Spain

5. New Holland Fiat India

6. GE Aviation LLC, USA 

7. Transaxle Manufacturing of America, (TMA) USA

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+2.64%
1 Week
+2.81%
1 Month
+16.90%
3 Month
+57.59%
6 Month
+87.22%
1 Year
+208.93%
2 Year
+64.46%
5 Year
+36.63%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 31.02 7.09 0.83 -6.11 0.36 -2.20 8.74 15.07 -22.35
Return on Capital Employed (%) 32.71 13.78 9.50 5.88 10.08 7.30 13.37 17.94 -1.33
Return on Assets (%) 7.37 1.86 0.21 -1.37 0.08 -0.50 1.85 3.08 -4.66

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 73 76 76 71 71 66 78 88 80
Non Curr. Liab. 54 51 91 77 82 65 95 101 102
Curr. Liab. 139 139 139 159 131 171 206 245 191
Minority Int.
Equity & Liab. 267 266 306 307 283 302 378 434 372
Non Curr. Assets 117 123 159 151 143 125 123 164 159
Curr. Assets 150 144 147 156 141 177 255 270 213
Misc. Exp. not W/O
Total Assets 267 266 306 307 283 302 378 434 372

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 431 393 420 415 398 407 507 594 463
Other Income 6 3 3 2 2 1 2 5 5
Total Income 436 395 423 417 400 408 508 599 468
Total Expenditure -386 -365 -394 -393 -367 -379 -464 -536 -444
PBIDT 50 31 29 24 33 29 44 63 24
Interest -13 -12 -14 -16 -16 -15 -17 -22 -22
Depreciation -11 -12 -14 -14 -17 -17 -18 -22 -27
Taxation -8 -2 2 0 1 -3 -7 6
Exceptional Items
PAT 19 5 1 -4 0 -1 6 13 -19

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 26 26 27 20 23 20 6 50 54
Cash Fr. Inv. -18 -26 -38 -5 -7 -5 -21 -56 -29
Cash Fr. Finan. -11 1 11 -15 -16 -18 27 -5 -20
Net Change -3 1 -1 0 0 -3 12 -11 4
Cash & Cash Eqvt 7 8 1 0 1 -28 -16 -27 -22

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 55.93 55.93 55.32 55.32 55.32 55.32 55.32 55.32 55.32
Public 44.07 44.07 44.68 44.68 44.68 44.68 44.68 44.68 44.68
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 30 Jul 2021
Board Meeting Intimation for Intimation Of The Board Meeting S.No. 2/21-22
BHARAT GEARS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2021 inter alia to consider and approve the Un-Audited Financial Results of the Company for the quarter ended June 30 2021 and the fund raising activities by way of Rights Issue Preferential Issue or any other method.

Pursuant to Regulation 29 of SEBI LODR Regulations we hereby inform that 2/21-22 Meeting of the Board of Directors of the Company is scheduled to be held on August 12 2021 through Audio-Visual means inter-alia to;

-Consider and approve the Un-Audited Financial Results of the Company for the quarter ended June 30 2021;
-Consider the fund raising activities by way of Rights Issue Preferential Issue or any other method.

Further to our letter dated June 30 2021 this is to inform that in terms of Code for Prevention of Insider Trading read with the SEBI PIT Regulations the Trading Window for dealing in the shares of the Company for Promoters/Promoter Group/Directors/Key Managerial Personnel/Designated Persons/Connected Persons of the Company shall be closed till Saturday August 14 2021.
Tue, 13 Jul 2021
Shareholding for the Period Ended June 30 2021
Bharat Gears Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Wed, 07 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- Prashant Khattry
Designation :- Company Secretary and Compliance Officer

Technical Scans View Details

Fri, 30 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Close Within 2 Year High Zone Close Within 2 Year High Zone

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. 210,812.61 6,978.70 -0.2%
Bajaj Auto Ltd. 111,261.62 3,845.00 +2.2%
Tata Motors Ltd. 97,600.45 293.95 +0.3%
Mahindra & Mahindra Ltd. 92,394.07 743.20 +1.6%
Motherson Sumi Systems Ltd. 73,990.40 234.30 -1.8%
Eicher Motors Ltd. 69,208.28 2,531.50 +0.1%
Hero MotoCorp Ltd. 55,223.92 2,764.10 +0.6%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-06 41.07 6,978.70 -0.2%
Bajaj Auto Ltd. Consolidated 2021-06 19.76 3,845.00 +2.2%
Tata Motors Ltd. Consolidated 2021-06 0.00 293.95 +0.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 50.98 743.20 +1.6%
Motherson Sumi Systems Ltd. Consolidated 2021-03 71.20 234.30 -1.8%
Eicher Motors Ltd. Consolidated 2021-03 51.38 2,531.50 +0.1%
Hero MotoCorp Ltd. Consolidated 2021-03 18.93 2,764.10 +0.6%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-06 3.98 6,978.70 -0.2%
Bajaj Auto Ltd. Consolidated 2021-06 3.93 3,845.00 +2.2%
Tata Motors Ltd. Consolidated 2021-06 1.92 293.95 +0.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 2.23 743.20 +1.6%
Motherson Sumi Systems Ltd. Consolidated 2021-03 6.34 234.30 -1.8%
Eicher Motors Ltd. Consolidated 2021-03 6.09 2,531.50 +0.1%
Hero MotoCorp Ltd. Consolidated 2021-03 3.59 2,764.10 +0.6%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 0.00 6,978.70 -0.2%
Bajaj Auto Ltd. Consolidated 2021-03 0.00 3,845.00 +2.2%
Tata Motors Ltd. Consolidated 2021-03 2.46 293.95 +0.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 1.95 743.20 +1.6%
Motherson Sumi Systems Ltd. Consolidated 2020-03 1.13 234.30 -1.8%
Eicher Motors Ltd. Consolidated 2021-03 0.01 2,531.50 +0.1%
Hero MotoCorp Ltd. Consolidated 2021-03 0.02 2,764.10 +0.6%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 11.52 6,978.70 -0.2%
Bajaj Auto Ltd. Consolidated 2021-03 18.60 3,845.00 +2.2%
Tata Motors Ltd. Consolidated 2021-03 -22.17 293.95 +0.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 0.57 743.20 +1.6%
Motherson Sumi Systems Ltd. Consolidated 2020-03 11.98 234.30 -1.8%
Eicher Motors Ltd. Consolidated 2021-03 12.37 2,531.50 +0.1%
Hero MotoCorp Ltd. Consolidated 2021-03 20.03 2,764.10 +0.6%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 14.71 6,978.70 -0.2%
Bajaj Auto Ltd. Consolidated 2021-03 24.16 3,845.00 +2.2%
Tata Motors Ltd. Consolidated 2021-03 -1.27 293.95 +0.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 6.52 743.20 +1.6%
Motherson Sumi Systems Ltd. Consolidated 2020-03 12.08 234.30 -1.8%
Eicher Motors Ltd. Consolidated 2021-03 16.42 2,531.50 +0.1%
Hero MotoCorp Ltd. Consolidated 2021-03 25.96 2,764.10 +0.6%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 75,660.00 6,978.70 -0.2%
Bajaj Auto Ltd. Consolidated 2021-03 27,741.08 3,845.00 +2.2%
Tata Motors Ltd. Consolidated 2021-03 249,794.75 293.95 +0.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 89,026.76 743.20 +1.6%
Motherson Sumi Systems Ltd. Consolidated 2020-03 63,536.80 234.30 -1.8%
Eicher Motors Ltd. Consolidated 2021-03 8,720.35 2,531.50 +0.1%
Hero MotoCorp Ltd. Consolidated 2021-03 30,959.19 2,764.10 +0.6%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 5,559.20 6,978.70 -0.2%
Bajaj Auto Ltd. Consolidated 2021-03 4,550.70 3,845.00 +2.2%
Tata Motors Ltd. Consolidated 2021-03 -13,016.14 293.95 +0.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 230.44 743.20 +1.6%
Motherson Sumi Systems Ltd. Consolidated 2020-03 1,237.00 234.30 -1.8%
Eicher Motors Ltd. Consolidated 2021-03 1,315.76 2,531.50 +0.1%
Hero MotoCorp Ltd. Consolidated 2021-03 2,982.61 2,764.10 +0.6%