Bharat Gears Ltd.
Snapshot View

142.80 +7.60 ▲5.6%

20 May 2022, 04:01:00 PM
Volume: 2,154

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.bharatgears.com
Market Cap 146.08 Cr.
Enterprise Value(EV) 257.52 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 22.71 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 6.28 Trailing Twelve Months Ending 2021-12
Industry PE 42.22 Trailing Twelve Months Ending 2021-12
Book Value / Share 102.07 Trailing Twelve Months Ending 2021-12
Price to Book Value 1.40 Calculated using Price: 142.70
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 1.02 Cr. 10,236,705 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
+5.62%
1 Week
+3.74%
1 Month
-7.18%
3 Month
-9.02%
6 Month
-1.38%
1 Year
+31.26%
2 Year
+303.05%
5 Year
+28.12%
10 Year
+122.22%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 7.09 0.83 -6.11 0.36 -2.20 8.74 15.07 -22.35 -10.04
Return on Capital Employed (%) 13.78 9.50 5.88 10.08 7.30 13.37 17.94 -1.33 6.31
Return on Assets (%) 1.86 0.21 -1.37 0.08 -0.50 1.85 3.08 -4.28 -1.73

Balance Sheet View Details

Particulars 10 years 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. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 76 76 71 71 66 78 88 80 74 89
Non Curr. Liab. 51 91 77 82 65 95 101 102 88 85
Curr. Liab. 139 139 159 131 171 206 245 261 288 236
Minority Int.
Equity & Liab. 266 306 307 283 302 378 434 442 450 410
Non Curr. Assets 123 159 151 143 125 123 164 159 143 136
Curr. Assets 144 147 156 141 177 255 271 283 308 274
Misc. Exp. not W/O
Total Assets 266 306 307 283 302 378 434 442 450 410

Profit Loss View Details

Particulars 10 years 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. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 393 420 415 398 407 507 594 463 503 713
Other Income 3 3 2 2 1 2 5 5 1 2
Total Income 395 423 417 400 408 508 599 468 504 715
Total Expenditure -365 -394 -393 -367 -379 -464 -536 -444 -467 -648
PBIDT 31 29 24 33 29 44 63 24 37 67
Interest -12 -14 -16 -16 -15 -17 -22 -22 -23 -19
Depreciation -12 -14 -14 -17 -17 -18 -22 -27 -24 -22
Taxation -2 2 0 1 -3 -7 6 2 -7
Exceptional Items 4
PAT 5 1 -4 0 -1 6 13 -19 -8 23
Adjusted EPS 6 1 -5 0 -2 7 14 -19 -8 24

Cash Flow View Details

Particulars 10 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. 2021-03 Rs. Cr.
Cash Fr. Operatn. 26 26 27 20 23 20 6 50 54 59
Cash Fr. Inv. -18 -26 -38 -5 -7 -5 -21 -56 -29 -2
Cash Fr. Finan. -11 1 11 -15 -16 -18 27 -5 -20 -57
Net Change -3 1 -1 0 0 -3 12 -11 4 0
Cash & Cash Eqvt 7 8 1 0 1 -28 -16 -27 -22 -22

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 55.32 55.32 55.32 55.32 55.32 55.32 55.32 55.32 55.32
Public 44.68 44.68 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, 13 May 2022
Board Meeting Intimation for Intimation Of The Board Meeting S.No. 1/22-23
BHARAT GEARS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2022 inter alia to consider and approve the Audited Financial Results of the Company for the quarter and year ended March 31 2022.Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we hereby inform that 1/22-23 Meeting of the Board of Directors of the Company is scheduled to be held on May 27 2022 through Audio-Visual means inter-alia; to consider approve and take on record the Audited Financial Results of the Company for the quarter and year ended March 31 2022.Further to our letter dated March 31 2022 this is to inform that in terms of the Code for Prevention of Insider Trading read with the SEBI (Prohibition of Insider Trading) Regulations 2015 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 Sunday May 29 2022.You are requested to take it on your records.
Tue, 19 Apr 2022
Declaration Pursuant To The Securities And Exchange Board Of India (SEBI) Circular No. SEBI/HO/DDHS/CIR/P/2018/144 Dated November 26 2018 Declaration For Not Being A Large Corporate
In terms of the captioned subject we hereby declare that the Company does not fall under the category of Large Corporate (LC) in terms of clause 2.2 of SEBI Circular no. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. Therefore the Company is not required to file the requisite disclosure as mandated under the aforesaid circular.You are requested to take the same on your records.
Wed, 13 Apr 2022
Compliance Certificate For The Year Ended 31St March 2022
Pursuant to Regulation 7(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 the Compliance Certificate for the year ended 31st March 2022 is enclosed herewith.You are requested to take the same on your records.

Technical Scans View Details

Fri, 20 May 2022
High Delivery Percentage High Delivery Percentage
Higher Delivery Quantity Higher Delivery Quantity
Higher Delivery Quantity and Percentage Higher Delivery Quantity and Percentage
Opening at Low Opening at Low
Closing Above Previous High Closing Above Previous High

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