| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 709 | 459 | +54.6% |
| EBITDA | 31.9 | 22.6 | +40.8% |
| EBITDA margin | 4.5% | 4.9% | −0.5 pts |
| Profit before tax | 20.6 | 13.3 | +55.2% |
| Net profit | 15.2 | 9.9 | +53.5% |
| EPS | ₹2.42 | ₹1.58 | +53.2% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 |
|---|
| 1,267 | — | — | |
| 1.6 | 15.3 | 3.0 | |
| 50.2 | 50.2 | 79.9 | |
| 1,315 | — | — | |
| 2,352 | 1,951 | 1,289 | |
| — | +51.4% | — | |
| 115 | 99.2 | 75.5 | |
| 4.9% | 5.1% | 5.9% | |
| 77.4 | 63.9 | 49.2 | |
| 51.6 | 42.2 | 32.7 | |
| 2.2% | 2.2% | 2.5% | |
| ₹8.21 | ₹6.72 | ₹5.21 | |
| — | +29.1% | — | |
| — | 107 | 96.1 | |
| — | −50.9 | −69.9 | |
| 55.8 | 55.8 | 26.3 | |
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|
| Market Capitalization | — | — | 1,266.8 | |
| - Cash, Equiv & ST Investments | 3.0 | 15.3 | 1.6 | |
| + Total Debt | 79.9 | 50.2 | 50.2 | |
| Enterprise Value | — | — | 1,315.4 | |
| Revenue | 1,288.8 | 1,951.0 | 2,352.3 | |
| Growth %, YoY | — | +51.4 | — | |
| EBITDA | 75.5 | 99.2 | 114.9 | |
| Margin % | 5.85 | 5.08 | 4.88 | |
| EBIT | 49.2 | 63.9 | 77.4 | |
| Net Income | 32.7 | 42.2 | 51.6 | |
| Margin % | 2.54 | 2.16 | 2.19 | |
| EPS, Adj (current shares) | 5.21 | 6.72 | 8.21 | |
| Growth %, YoY | — | +29.1 | — | |
| Cash from Operations | 96.1 | 106.7 | — | |
| Capital Expenditures | -69.9 | -50.9 | — | |
| Free Cash Flow | 26.3 | 55.8 | 55.8 | |
Prices at the previous close · figures from the company's filings with NSE
Bharat Seats (NSE: BHARATSE) had a market capitalisation of ₹1,267 crore at the previous close (₹201.72 a share), a PE ratio of 24.6 on the last four quarters' profit and a price-to-book ratio of 5.10. In FY26 its consolidated net profit was ₹42.2 crore on revenue of ₹1,951 crore; in Q2 FY27 (July–September 2026) it was ₹15.2 crore, up 53.5% year on year. Its debt-to-equity ratio was 0.23 on 30 September 2026. Promoters held 74.66% of the shares on 30 September 2026.
Bharat Seats' PE ratio is 24.6 at the previous close (₹201.72 a share): a market capitalisation of ₹1,267 crore divided by consolidated net profit of ₹51.6 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹42.2 crore) it is 30.0.
Bharat Seats' net worth — shareholders' equity in its consolidated balance sheet — was ₹249 crore on 30 September 2026, up 20.2% from ₹207 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹1,267 crore at the previous close.
Bharat Seats' book value per share was ₹39.58 on 30 September 2026: shareholders' equity of ₹249 crore divided by the 6.28 crore shares in issue, up 20.2% from ₹32.92 a year earlier. The share price at the previous close was ₹201.72.
Bharat Seats' price-to-book (PB) ratio is 5.10 at the previous close: a market capitalisation of ₹1,267 crore divided by shareholders' equity (book value) of ₹249 crore on 30 September 2026. That is a book value of ₹39.58 per share against a share price of ₹201.72.
No. Bharat Seats had borrowings of ₹58.1 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.23. Its cash and current investments were ₹1.8 crore, so its net debt was ₹56.3 crore.
In FY26, Bharat Seats' return on equity (ROE) was 19.9% and its return on capital employed (ROCE) was 19.6%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities).
Bharat Seats' market capitalisation was ₹1,267 crore at the previous close: 6.28 crore shares at ₹201.72 each.
Bharat Seats' basic earnings per share (EPS) were ₹6.72 in FY26, against ₹5.21 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹8.21.
In 2026, Bharat Seats has declared one dividend: ₹1.50 with record date 17 July 2026.
Bharat Seats' debt-to-equity ratio was 0.23 on 30 September 2026: borrowings of ₹58.1 crore against total equity of ₹249 crore. A year earlier, on 30 September 2025, it was 0.29.
Bharat Seats' dividend yield is 0.74% at the previous close: dividends of ₹1.50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹201.72. They were ₹1.50 on 17 July 2026.
Promoters held 74.66% of Bharat Seats on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Bharat Seats' shares were held by promoters 74.66%, foreign portfolio investors (FII/FPI) 0.06%, domestic institutions (DII) 0.22% (including mutual funds at 0.00%) and retail and other non-institutional investors 25.06%. Over the year, FII holding was down 0.21 percentage points from 0.27% and DII holding was up 0.10 percentage points from 0.12%.
Bharat Seats' latest results are for Q2 FY27 (July–September 2026), filed on 27 October 2026: consolidated net profit ₹15.2 crore, up 53.5% from ₹9.9 crore in Q2 FY26; revenue from operations ₹709 crore, up 54.6% year on year.
On FY26 consolidated figures, against Jay Bharat Maruti, Kross and Igarashi Motors India: Bharat Seats' operating margin of 3.3% is the third highest of the four (Jay Bharat Maruti 7.4%, Kross 11.7%, Igarashi Motors India 3.0%; peer average 7.4%); its return on equity of 19.9% is the second highest of the four (Jay Bharat Maruti 22.2%, Kross 12.0%, Igarashi Motors India 2.6%; peer average 12.3%).
In FY26, Bharat Seats generated ₹107 crore of cash from operations and spent ₹50.9 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹55.8 crore. In FY25 it was ₹26.3 crore.
In FY26 (April 2025–March 2026), Bharat Seats' consolidated net profit was ₹42.2 crore, up 29.1% from ₹32.7 crore in FY25, on revenue from operations of ₹1,951 crore (up 51.4%).
Bharat Seats has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
In FY26, Bharat Seats earned net profit of ₹42.2 crore on revenue of ₹1,951 crore, against ₹140 crore on ₹2,551 crore for Jay Bharat Maruti. Bharat Seats' operating margin was 3.3% (Jay Bharat Maruti 7.4%) and its return on equity 19.9% (Jay Bharat Maruti 22.2%).
From Bharat Seats' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.