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Bharat Seats (BHARATSE)₹212.44+0.88%Auto Components & Equipments
In the Jun 2026 quarter (standalone), Bharat Seats reported sales of ₹578 Cr, up 35.3% from Jun 2025, and net profit of ₹12.96 Cr, up 44.5% year on year. For the year to Mar 2026, sales were ₹1,952 Cr and net profit ₹41.91 Cr.
Company filings, standalone accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 286 | 250 | 278 | 299 | 291 | 306 | 393 | 427 | 459 | 491 | 574 | 578 |
| Expenses | 269 | 235 | 261 | 282 | 273 | 288 | 370 | 405 | 436 | 466 | 544 | 549 |
| Operating Profit | 16.96 | 14.96 | 16.96 | 16.96 | 17.97 | 18.95 | 22.93 | 21.96 | 22.94 | 24.92 | 29.92 | 27.92 |
| OPM % | 6.0% | 6.0% | 6.0% | 6.0% | 6.0% | 6.0% | 6.0% | 5.0% | 4.9% | 5.0% | 5.0% | 4.9% |
| Other Income | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 3.01 | 0.00 | 1.01 | 1.01 |
| Interest | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 2.99 | 1.99 | 1.99 | 1.99 |
| Depreciation | 6.02 | 6.02 | 6.02 | 6.02 | 6.01 | 7.02 | 7.01 | 8.02 | 9.02 | 9.02 | 9.03 | 9.02 |
| Profit before tax | 8.99 | 7.99 | 10.99 | 8.99 | 10.01 | 9.99 | 14.99 | 11.99 | 12.98 | 12.99 | 18.99 | 17.98 |
| Tax % | 25.0% | 27.0% | 23.0% | 26.0% | 26.0% | 26.0% | 25.0% | 26.0% | 26.0% | 26.0% | 28.0% | 25.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −1.01 | 0.00 | 0.00 |
| Net Profit | 6.98 | 5.99 | 7.98 | 6.98 | 6.98 | 7.98 | 10.98 | 8.97 | 9.98 | 9.97 | 12.97 | 12.96 |
| EPS (Rs) | 1.09 | 0.89 | 1.30 | 1.06 | 1.14 | 1.22 | 1.82 | 1.47 | 1.59 | 1.59 | 2.12 | 2.11 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 701 | 840 | 970 | 905 | 589 | 548 | 819 | 1,051 | 1,068 | 1,290 | 1,952 | 2,103 |
| Expenses | 670 | 802 | 904 | 853 | 553 | 521 | 785 | 1,005 | 1,006 | 1,211 | 1,850 | 1,995 |
| Operating Profit | 29.92 | 36.91 | 64.81 | 49.86 | 35.91 | 26.92 | 31.93 | 45.87 | 60.87 | 74.78 | 98.73 | 106 |
| OPM % | 4.3% | 4.4% | 7.0% | 6.0% | 6.0% | 4.9% | 3.9% | 4.4% | 6.0% | 6.0% | 5.0% | 5.0% |
| Other Income | 2.01 | 1.01 | 1.01 | 5.01 | 2.01 | 2.01 | 5.01 | 4.01 | 5.01 | 4.01 | 4.01 | 5.03 |
| Interest | 4.99 | 3.99 | 2.99 | 2.99 | 2.99 | 3.99 | 3.99 | 3.99 | 7.98 | 8.99 | 9.98 | 8.96 |
| Depreciation | 17.04 | 17.05 | 19.06 | 21.05 | 22.06 | 18.05 | 18.04 | 17.04 | 24.06 | 26.05 | 35.12 | 36.09 |
| Profit before tax | 9.99 | 16.99 | 43.97 | 30.99 | 11.99 | 6.99 | 15.99 | 29.96 | 33.97 | 43.97 | 57.99 | 62.94 |
| Tax % | 27.0% | 28.0% | 35.0% | 31.0% | −2.0% | 28.0% | 25.0% | 27.0% | 25.0% | 26.0% | 27.0% | — |
| Exceptional items | −0.20 | −0.21 | −0.28 | −0.48 | −0.07 | 0.23 | 0.03 | −0.02 | 0.17 | 0.19 | −1.11 | −1.01 |
| Net Profit | 6.99 | 11.97 | 27.94 | 20.95 | 12.96 | 4.99 | 11.97 | 21.94 | 24.93 | 32.94 | 41.91 | 45.88 |
| EPS (Rs) | 1.16 | 1.95 | 4.50 | 3.42 | 2.00 | 0.78 | 1.91 | 3.44 | 4.00 | 5.22 | 6.73 | 7.41 |
| Dividend payout % | 39.1% | 23.1% | 11.1% | 15.1% | 13.1% | 33.0% | 21.1% | 20.1% | 20.0% | 21.0% | 22.1% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.01 | 6.01 | 6.01 | 6.01 | 6.01 | 6.01 | 6.01 | 6.01 | 5.99 | 6.01 | 13.01 | 13.01 |
| Reserves | 40.04 | 47.02 | 55.99 | 80.03 | 97.95 | 107 | 110 | 121 | 140 | 161 | 182 | 217 |
| Borrowings | 90.72 | 74.77 | 62.78 | 24.89 | 28.90 | 39.85 | 34.87 | 38.88 | 65.76 | 160 | 151 | 110 |
| Other Liabilities | 127 | 122 | 140 | 172 | 140 | 88.89 | 140 | 171 | 146 | 179 | 301 | 397 |
| Total Liabilities | 265 | 250 | 265 | 285 | 273 | 242 | 291 | 336 | 358 | 504 | 647 | 737 |
| Fixed Assets | 150 | 144 | 146 | 136 | 152 | 150 | 126 | 147 | 199 | 276 | 283 | 356 |
| CWIP | 2.99 | 0.99 | 0.00 | 12.99 | 0.00 | 21.98 | 29.97 | 7.99 | 12.01 | 48.95 | 90.02 | 11.99 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 111 | 104 | 119 | 135 | 121 | 68.86 | 135 | 182 | 147 | 181 | 274 | 369 |
| Inventories | 12.05 | 14.05 | 15.06 | 27.12 | 22.07 | 21.08 | 30.09 | 53.21 | 29.10 | 40.17 | 55.24 | 60.25 |
| Trade receivables | 76.76 | 82.70 | 93.64 | 93.64 | 77.70 | 35.86 | 82.68 | 111 | 96.67 | 103 | 196 | 262 |
| Cash & equivalents | 1.01 | 1.01 | 1.01 | 3.01 | 10.03 | 1.01 | 1.01 | 1.01 | 1.01 | 0.00 | 3.01 | 15.05 |
| Total Assets | 265 | 250 | 265 | 285 | 273 | 242 | 291 | 336 | 358 | 504 | 647 | 737 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 35.96 | 33.94 | 37.94 | 68.96 | 34.94 | 27.98 | 18.98 | 15.98 | 42.96 | 56.94 | 95.86 | 107 |
| Cash from investing activity | −12.99 | −5.99 | −16.99 | −22.98 | −23.99 | −33.99 | −12.01 | −15.01 | −58.99 | −72.97 | −67.97 | −46.97 |
| Cash from financing activity | −22.93 | −27.89 | −21.93 | −43.88 | −3.98 | −2.99 | −6.97 | −1.99 | 16.94 | 15.94 | −24.91 | −46.87 |
| Net cash flow | 0.00 | 0.00 | 0.00 | 2.01 | 7.02 | −9.02 | 0.00 | −1.01 | 0.00 | 0.00 | 3.01 | 12.03 |
| Capex | 13.02 | 6.01 | 17.03 | 23.04 | 25.06 | 34.05 | 19.02 | 17.03 | 60.14 | 73.15 | 70.12 | 51.10 |
| Free cash flow | 22.97 | 27.97 | 21.96 | 45.95 | 9.99 | −5.99 | 6.99 | 0.00 | −16.99 | −15.97 | 27.94 | 58.92 |
| CFO / OP % | 116.0% | 122.0% | 111.0% | 127.0% | 89.0% | 93.0% | 80.0% | 56.0% | 127.0% | 113.0% | 137.0% | 122.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 40 | 43 | 41 | 35 | 31 | 22 | 55 | 49 | 34 | 35 | 56 | 49 |
| Inventory days | 6 | 8 | 7 | 11 | 10 | 15 | 23 | 27 | 11 | 15 | 18 | 12 |
| Days payable | 55 | 59 | 60 | 65 | 58 | 56 | 98 | 67 | 47 | 58 | 86 | 68 |
| Cash conversion cycle | −8 | −8 | −13 | −19 | −17 | −19 | −20 | 9 | −3 | −7 | −13 | −7 |
| Working capital days | −35 | −34 | −26 | −13 | −12 | −18 | −13 | 2 | −13 | −17 | −20 | −12 |
| ROCE % | 13.0% | 12.0% | 17.0% | 40.0% | 28.0% | 11.0% | 7.0% | 12.0% | 18.0% | 15.0% | 16.0% | 20.0% |
For the Jun 2026 quarter, Bharat Seats reported sales of ₹578 Cr, up 35.3% year on year and net profit of ₹12.96 Cr, up 44.5% year on year. The operating margin was 4.9%.
Bharat Seats' sales for the year to Mar 2026 were ₹1,952 Cr; over the last twelve months they were ₹2,103 Cr.
Net profit for the year to Mar 2026 was ₹41.91 Cr, and ₹45.88 Cr over the last twelve months. Earnings per share over the same trailing period were ₹7.41.
Bharat Seats reported borrowings of ₹110 Cr at Mar 2026, against cash and equivalents of ₹15.05 Cr.
Cash from operations was ₹107 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹58.92 Cr.