Bharat Seats Ltd.
Snapshot View

71.95 +1.50 ▲2.1%

27 May 2022, 04:01:00 PM
Volume: 6,605

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.bharatseats.com
Market Cap 225.61 Cr.
Enterprise Value(EV) 261.73 Cr. 2022-03
Financial Indicators
Earnings per share (EPS) 3.79 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) 18.94 Trailing Twelve Months Ending 2022-03
Industry PE 45.86 Trailing Twelve Months Ending 2022-03
Book Value / Share 40.49 Trailing Twelve Months Ending 2022-03
Price to Book Value 1.77 Calculated using Price: 71.85
Dividend Yield 1.11 Period Ending 2021-03
No. of Shares Subscribed 3.14 Cr. 31,400,000 Shares
FaceValue 2
Company Profile

Bharat Seats (BSL) incorporated in 1986, is a joint venture of Suzuki Motor Corporation, Japan, Maruti Suzuki India and the Relans. The company is in the business of manufacturing complete seating systems and interior components for the automotive and surface transport.

Company has received technical guidance by Houwa Kogyo Co., a leading producer of hi-tech seating system for the automobile industry in Japan, and the main suppliers to Suzuki Motor Corporation.

The factory in Gurgaon houses Polyurethane moulding, seat frame manufacture, final seat assembly and head rest moulding and assembly.

Bharat Seats has set up a manufacturing unit for PU Headrests within its existing plant with a capacity to produce 4 lakh sets per annum. It started commercial production of headrest of international standards of quality commenced in May 1999.

BSL had phased out the use of CFC-11(Cholorofluorocarbons), used as a foam-blowing agent for polyol formation in the manufacturing of moulded Puf cushions.

The company also operates research & development centre which handles projects from the concept stage through modelling, designing prototyping to testing and validation for the final product. The centre has received approval from Ministry of Science and Technology Department of Scientific and Industrial Research.

Products

  • Four wheeler seating system
  • Two wheeler seating system
  • Moulded carpets
  • Two wheeler frames and sheet metal components
  • Railway seats and berth
  • Two wheeler main frame

Milestone

  • 1986- Bharat Seats was established as seating system supplier to Maruti
  • 1988- Company installed PU seat pad moulding line
  • 1999- BSL installed Headrestraint PU pad moulding line installed
  • 2000- Company started Suzuki production system techniques and TPM
  • 2002- BSL installed PU Seat Pad Robotic line
  • 2004- Bharat Seats accredited in-house its testing laboratory
  • 2005- It installed an automated carpet moulding line
  • 2006 - Company started production of two wheeler seating systems for Suzuki motorcycles
  • 2007 - BSL bagged TPM award from JIPM, Japan and two wheeler sheet metal components and frames was introduced
  • 2008- Bharat Seats started supplying seating systems to Indian Railways
  • 2009- Company executed capacity expansion by setting third PU moulding line.

Award/Recognition

BSL has already received the ISO 9002 and QS 9000 revised version quality systems certification.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+2.13%
1 Week
+0.63%
1 Month
+2.86%
3 Month
+4.73%
6 Month
+0.91%
1 Year
-1.84%
2 Year
+80.78%
5 Year
-10.17%
10 Year
+367.21%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 14.58 16.86 18.46 14.47 21.06 37.90 22.39 11.49 4.18
Return on Capital Employed (%) 11.21 10.66 12.49 11.43 16.81 39.42 27.92 11.02 7.35
Return on Assets (%) 2.72 2.80 3.10 2.78 4.71 10.27 7.69 4.87 1.80

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. 2022-03* Rs. Cr.
Shh. Funds 38 42 46 53 62 87 105 113 117 127
Non Curr. Liab. 71 76 60 32 28 36 35 39 34 41
Curr. Liab. 114 139 161 167 175 162 133 89 141 169
Minority Int.
Equity & Liab. 223 257 267 252 265 285 273 242 291 337
Non Curr. Assets 152 175 172 149 148 155 159 180 169 164
Curr. Assets 71 82 95 103 117 130 114 62 122 174
Misc. Exp. not W/O
Total Assets 223 257 267 252 265 285 273 242 291 337

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. 2022-03 Rs. Cr. TTM
Net Sales 602 560 693 700 840 970 904 589 548 818
Other Income 1 0 2 2 1 1 5 2 2 5
Total Income 603 560 695 702 842 971 909 591 550 823
Total Expenditure -579 -532 -661 -670 -803 -906 -854 -553 -521 -785
PBIDT 25 29 34 32 38 66 55 38 29 37
Interest -6 -6 -6 -5 -4 -3 -3 -3 -4 -4
Depreciation -11 -14 -16 -17 -17 -19 -21 -22 -18 -18
Taxation -2 -2 -3 -3 -5 -15 -10 0 -2 -4
Exceptional Items
PAT 5 7 8 7 12 28 21 13 5 12
Adjusted EPS 2 2 3 2 4 9 7 4 2 4

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. 28 5 36 36 34 38 69 35 28 19
Cash Fr. Inv. -54 -37 -17 -13 -6 -17 -23 -24 -34 -12
Cash Fr. Finan. 20 29 -19 -23 -28 -22 -44 -4 -3 -7
Net Change -7 -3 0 0 0 0 2 7 -9 0
Cash & Cash Eqvt 4 1 1 1 1 0 2 10 1 1

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 74.59 74.59 74.59 74.59 74.59 74.59 74.59 74.59 74.59
Public 25.41 25.41 25.41 25.41 25.41 25.41 25.41 25.41 25.41
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

Tue, 24 May 2022
Compliances-Reg.24(A)-Annual Secretarial Compliance
In terms of Clause 3(b)(iii) of the SEBI circular no. CIR/CFD/CMD1/27/2019 dated 8th February 2019 please find enclosed herewith the Annual Secretarial Compliance Report of the Company for the year ended 31st March 2022.
Fri, 20 May 2022
Disclosure Of Related Party Transactions For Year Ended On March 31 2022 Pursuant To Regulation 23(9) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015
Dear Sir/ Madam Pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 please find enclosed thedisclosure of related party transactions in accordance with the applicable accounting standards for year ended on March 31 2022.Kindly take the same on record.
Mon, 09 May 2022
Announcement under Regulation 30 (LODR)-Newspaper Publication
Dear SirPursuant to the provision of Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 please find enclosed copy of the audited financial results for the quarter and year ended 31st March 2022 published in newspapers on 7th May 2022. viz. Financial Express (English newspaper) and Jansatta (Hindi newspaper) which were duly approved in the meeting of the Board of Directors held on 6th May 2022.Kindly take the same on your record.

Technical Scans View Details

Fri, 27 May 2022
Opening at Low Opening at Low
Closing Above Previous High Closing Above Previous High
Close Within 52 Week Low Zone Close Within 52 Week Low Zone
High Increase 2 Years High Increase 2 Years
Closing Near 100 SMA Closing Near 100 SMA

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