Bharat Seats Ltd

NSE: BHARATSE BSE: 523229

₹208.97

-0.21 (0.10%)

Thu, 22 Oct 2026, 05:19 pm

MTF 5xInvest in Bharat Seats Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)1316.29

PE Ratio28.36

Dividend0.72

Producer Manufacturing

Auto Parts: OEM

24.5K

Bharat Seats Financials

Income Statement Balance Sheet Cashflow

Particulars	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total revenue	1.44B	1.75B	1.97B	2.19B	3.36B	4.38B	4.28B	6.00B	5.60B	6.94B	7.00B	8.40B	9.70B	9.04B	5.89B	5.48B	8.18B	10.51B	10.67B	12.89B
Gross profit	87.81M	123.58M	47.26M	171.83M	194.25M	258.60M	223.17M	226.78M	268.17M	305.48M	288.64M	372.97M	653.98M	538.15M	354.84M	279.58M	327.40M	512.12M	657.84M	823.51M
Operating expenses (excl. COGS)	-68.35M	-91.73M	-6.42M	-119.73M	-139.80M	-133.27M	-126.22M	-102.21M	-117.13M	-142.95M	-154.53M	-171.29M	-192.25M	-236.89M	-214.20M	-179.17M	-152.47M	-198.40M	-274.48M	-319.47M
Selling/general/admin expenses, total	-66.94M	-90.18M	—	-118.08M	-139.86M	-133.27M	-80.85M	-102.00M	-116.88M	-142.72M	-154.49M	-171.29M	-192.25M	-236.89M	-214.20M	-184.57M	-178.65M	-217.89M	-286.40M	-324.19M
Research & development	-2.92M	-5.04M	-5.40M	-10.93M	-12.79M	-14.75M	-12.82M	-11.60M	-8.53M	-12.91M	-19.04M	-23.84M	-19.37M	-34.13M	-36.56M	-46.90M	-7.68M	-9.65M	-12.59M	-18.44M
Selling/general/admin expenses, other	-64.02M	-85.14M	—	-107.15M	-127.07M	-118.52M	-68.03M	-90.40M	-108.36M	-129.81M	-135.46M	-147.46M	-172.88M	-202.76M	-177.63M	-137.68M	-170.97M	-208.24M	-273.81M	-305.75M
Other operating expenses, total	-1.41M	-1.54M	-6.42M	-1.65M	60.78K	0	-45.37M	-211.15K	-247.08K	-232.76K	-33.00K	0	0	0	0	5.40M	26.18M	19.49M	11.93M	4.73M
Operating income	19.46M	31.85M	40.85M	52.10M	54.44M	125.33M	96.96M	124.57M	151.04M	162.53M	134.12M	201.67M	461.73M	301.25M	140.65M	100.41M	174.93M	313.72M	383.36M	504.04M
Non-operating income, total	13.76M	4.89M	6.24M	-11.37M	-2.51M	-10.96M	-24.54M	-54.38M	-61.00M	-48.72M	-35.71M	-33.47M	-26.72M	10.98M	-18.45M	-33.96M	-15.79M	-17.41M	-47.55M	-65.08M
Interest expense, net of interest capitalized	-5.73M	-7.78M	-6.72M	-8.25M	-9.62M	-21.07M	-33.73M	-64.53M	-62.54M	-61.87M	-53.80M	-44.71M	-32.04M	-30.21M	-32.24M	-42.73M	-39.05M	-36.34M	-77.42M	-89.07M
Interest capitalized	0	0	0	0	0	0	0	0	0	5.40M	581.00K	3.40M	0	0	0	0	0	0	6.57M	21.66M
Non-operating income, excl. interest expenses	19.50M	12.67M	13.91M	-443.24K	7.12M	10.13M	9.26M	10.19M	1.54M	13.15M	18.08M	11.24M	5.31M	41.20M	7.16M	4.46M	23.26M	18.93M	27.84M	23.77M
Non-operating interest income	31.49K	30.26K	2.11M	1.76M	2.81M	3.45M	3.64M	830.47K	77.86K	—	—	—	1.87M	5.81M	2.71M	30.00K	0	523.00K	607.00K	641.00K
Miscellaneous non-operating expense	19.47M	12.64M	11.80M	-2.20M	4.31M	6.67M	5.62M	9.36M	1.46M	13.15M	18.08M	11.24M	3.44M	35.38M	4.46M	4.43M	23.26M	18.41M	27.23M	23.13M
Unusual income/expense	—	—	-947.32K	-2.67M	—	-8.00K	-70.50K	-43.20K	—	—	—	—	—	—	6.63M	4.31M	0	0	2.02M	218.00K
Pretax income	33.23M	36.74M	47.09M	40.73M	51.94M	114.38M	72.41M	70.19M	90.04M	113.80M	98.40M	168.20M	435.00M	312.24M	122.20M	66.45M	159.14M	296.31M	335.81M	438.96M
Taxes	-7.27M	-7.45M	-14.76M	-13.14M	-13.54M	-32.03M	-15.57M	-16.69M	-22.96M	-32.60M	-26.24M	-46.47M	-152.85M	-98.03M	2.99M	-18.39M	-40.01M	-80.84M	-85.27M	-111.96M
Non-controlling/minority interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
After tax other income/expense	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net income before discontinued operations	25.95M	29.29M	32.33M	27.60M	38.40M	82.34M	56.84M	53.50M	67.08M	81.20M	72.16M	121.73M	282.15M	214.21M	125.19M	48.06M	119.13M	215.46M	250.54M	327.00M
Net income	25.95M	29.29M	32.33M	27.60M	38.40M	82.34M	56.84M	53.50M	67.08M	81.20M	72.16M	121.73M	282.15M	214.21M	125.19M	48.06M	119.13M	215.46M	250.54M	327.00M
Dilution adjustment	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred dividends	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Diluted net income available to common stockholders	25.95M	29.29M	32.33M	27.60M	38.40M	82.34M	56.84M	53.50M	67.08M	81.20M	72.16M	121.73M	282.15M	214.21M	125.19M	48.06M	119.13M	215.46M	250.54M	327.00M
Basic earnings per share (Basic EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted earnings per share (Diluted EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	54.07M	58.44M	64.44M	73.43M	81.25M	173.43M	164.07M	237.91M	286.25M	326.75M	299.46M	372.71M	652.84M	507.38M	365.22M	280.24M	351.08M	484.46M	623.39M	766.44M
EBIT	19.46M	31.85M	40.85M	52.10M	54.44M	125.33M	96.96M	124.57M	151.04M	162.53M	134.12M	201.67M	461.73M	301.25M	140.65M	100.41M	174.93M	313.72M	383.36M	504.04M
Total operating expenses	-1.42B	-1.72B	-1.93B	-2.14B	-3.31B	-4.25B	-4.18B	-5.87B	-5.45B	-6.78B	-6.86B	-8.20B	-9.24B	-8.73B	-5.75B	-5.38B	-8.00B	-10.20B	-10.28B	-12.38B
Prepaid expenses	24.43M	27.14M	32.26M	38.06M	33.78M	52.17M	—	—	3.30M	5.51M	4.93M	4.72M	7.17M	8.12M	16.51M	14.61M	16.50M	15.04M	17.20M	25.07M
Deferred income, current	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.71M	45.08M	282.90M	67.97M	121.54M	43.95M
Capital and operating lease obligations	0	0	934.79K	0	0	0	0	0	0	0	0	0	0	0	53.36M	16.80M	16.60M	42.88M	649.68M	669.78M
Operating lease liabilities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Deferred tax liabilities	10.39M	11.66M	18.25M	24.23M	38.68M	53.99M	66.32M	90.98M	101.82M	111.64M	117.30M	127.75M	122.96M	138.64M	84.71M	74.18M	70.17M	76.73M	78.66M	80.15M
Deferred income, non-current	0	0	0	0	0	0	0	0	0	0	0	908.00K	104.16M	—	—	—	—	—	—	—
Minority interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in accrued expenses	0	0	0	0	—	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Common dividends paid	-9.42M	-9.42M	-9.42M	-15.70M	-14.85M	-18.74M	-25.12M	-25.12M	-25.12M	-25.12M	-34.01M	-34.01M	-34.01M	-37.85M	-37.85M	-15.70M	-15.70M	-25.12M	-43.96M	-50.24M
Preferred dividends paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Particulars	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total revenue	1.44B	1.75B	1.97B	2.19B	3.36B	4.38B	4.28B	6.00B	5.60B	6.94B	7.00B	8.40B	9.70B	9.04B	5.89B	5.48B	8.18B	10.51B	10.67B	12.89B
Gross profit	87.81M	123.58M	47.26M	171.83M	194.25M	258.60M	223.17M	226.78M	268.17M	305.48M	288.64M	372.97M	653.98M	538.15M	354.84M	279.58M	327.40M	512.12M	657.84M	823.51M
Operating expenses (excl. COGS)	-68.35M	-91.73M	-6.42M	-119.73M	-139.80M	-133.27M	-126.22M	-102.21M	-117.13M	-142.95M	-154.53M	-171.29M	-192.25M	-236.89M	-214.20M	-179.17M	-152.47M	-198.40M	-274.48M	-319.47M
Selling/general/admin expenses, total	-66.94M	-90.18M	—	-118.08M	-139.86M	-133.27M	-80.85M	-102.00M	-116.88M	-142.72M	-154.49M	-171.29M	-192.25M	-236.89M	-214.20M	-184.57M	-178.65M	-217.89M	-286.40M	-324.19M
Research & development	-2.92M	-5.04M	-5.40M	-10.93M	-12.79M	-14.75M	-12.82M	-11.60M	-8.53M	-12.91M	-19.04M	-23.84M	-19.37M	-34.13M	-36.56M	-46.90M	-7.68M	-9.65M	-12.59M	-18.44M
Selling/general/admin expenses, other	-64.02M	-85.14M	—	-107.15M	-127.07M	-118.52M	-68.03M	-90.40M	-108.36M	-129.81M	-135.46M	-147.46M	-172.88M	-202.76M	-177.63M	-137.68M	-170.97M	-208.24M	-273.81M	-305.75M
Other operating expenses, total	-1.41M	-1.54M	-6.42M	-1.65M	60.78K	0	-45.37M	-211.15K	-247.08K	-232.76K	-33.00K	0	0	0	0	5.40M	26.18M	19.49M	11.93M	4.73M
Operating income	19.46M	31.85M	40.85M	52.10M	54.44M	125.33M	96.96M	124.57M	151.04M	162.53M	134.12M	201.67M	461.73M	301.25M	140.65M	100.41M	174.93M	313.72M	383.36M	504.04M
Non-operating income, total	13.76M	4.89M	6.24M	-11.37M	-2.51M	-10.96M	-24.54M	-54.38M	-61.00M	-48.72M	-35.71M	-33.47M	-26.72M	10.98M	-18.45M	-33.96M	-15.79M	-17.41M	-47.55M	-65.08M
Interest expense, net of interest capitalized	-5.73M	-7.78M	-6.72M	-8.25M	-9.62M	-21.07M	-33.73M	-64.53M	-62.54M	-61.87M	-53.80M	-44.71M	-32.04M	-30.21M	-32.24M	-42.73M	-39.05M	-36.34M	-77.42M	-89.07M
Interest capitalized	0	0	0	0	0	0	0	0	0	5.40M	581.00K	3.40M	0	0	0	0	0	0	6.57M	21.66M
Non-operating income, excl. interest expenses	19.50M	12.67M	13.91M	-443.24K	7.12M	10.13M	9.26M	10.19M	1.54M	13.15M	18.08M	11.24M	5.31M	41.20M	7.16M	4.46M	23.26M	18.93M	27.84M	23.77M
Non-operating interest income	31.49K	30.26K	2.11M	1.76M	2.81M	3.45M	3.64M	830.47K	77.86K	—	—	—	1.87M	5.81M	2.71M	30.00K	0	523.00K	607.00K	641.00K
Miscellaneous non-operating expense	19.47M	12.64M	11.80M	-2.20M	4.31M	6.67M	5.62M	9.36M	1.46M	13.15M	18.08M	11.24M	3.44M	35.38M	4.46M	4.43M	23.26M	18.41M	27.23M	23.13M
Unusual income/expense	—	—	-947.32K	-2.67M	—	-8.00K	-70.50K	-43.20K	—	—	—	—	—	—	6.63M	4.31M	0	0	2.02M	218.00K
Pretax income	33.23M	36.74M	47.09M	40.73M	51.94M	114.38M	72.41M	70.19M	90.04M	113.80M	98.40M	168.20M	435.00M	312.24M	122.20M	66.45M	159.14M	296.31M	335.81M	438.96M
Taxes	-7.27M	-7.45M	-14.76M	-13.14M	-13.54M	-32.03M	-15.57M	-16.69M	-22.96M	-32.60M	-26.24M	-46.47M	-152.85M	-98.03M	2.99M	-18.39M	-40.01M	-80.84M	-85.27M	-111.96M
Non-controlling/minority interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
After tax other income/expense	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net income before discontinued operations	25.95M	29.29M	32.33M	27.60M	38.40M	82.34M	56.84M	53.50M	67.08M	81.20M	72.16M	121.73M	282.15M	214.21M	125.19M	48.06M	119.13M	215.46M	250.54M	327.00M
Net income	25.95M	29.29M	32.33M	27.60M	38.40M	82.34M	56.84M	53.50M	67.08M	81.20M	72.16M	121.73M	282.15M	214.21M	125.19M	48.06M	119.13M	215.46M	250.54M	327.00M
Dilution adjustment	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred dividends	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Diluted net income available to common stockholders	25.95M	29.29M	32.33M	27.60M	38.40M	82.34M	56.84M	53.50M	67.08M	81.20M	72.16M	121.73M	282.15M	214.21M	125.19M	48.06M	119.13M	215.46M	250.54M	327.00M
Basic earnings per share (Basic EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted earnings per share (Diluted EPS)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	54.07M	58.44M	64.44M	73.43M	81.25M	173.43M	164.07M	237.91M	286.25M	326.75M	299.46M	372.71M	652.84M	507.38M	365.22M	280.24M	351.08M	484.46M	623.39M	766.44M
EBIT	19.46M	31.85M	40.85M	52.10M	54.44M	125.33M	96.96M	124.57M	151.04M	162.53M	134.12M	201.67M	461.73M	301.25M	140.65M	100.41M	174.93M	313.72M	383.36M	504.04M
Total operating expenses	-1.42B	-1.72B	-1.93B	-2.14B	-3.31B	-4.25B	-4.18B	-5.87B	-5.45B	-6.78B	-6.86B	-8.20B	-9.24B	-8.73B	-5.75B	-5.38B	-8.00B	-10.20B	-10.28B	-12.38B
Prepaid expenses	24.43M	27.14M	32.26M	38.06M	33.78M	52.17M	—	—	3.30M	5.51M	4.93M	4.72M	7.17M	8.12M	16.51M	14.61M	16.50M	15.04M	17.20M	25.07M
Deferred income, current	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.71M	45.08M	282.90M	67.97M	121.54M	43.95M
Capital and operating lease obligations	0	0	934.79K	0	0	0	0	0	0	0	0	0	0	0	53.36M	16.80M	16.60M	42.88M	649.68M	669.78M
Operating lease liabilities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Deferred tax liabilities	10.39M	11.66M	18.25M	24.23M	38.68M	53.99M	66.32M	90.98M	101.82M	111.64M	117.30M	127.75M	122.96M	138.64M	84.71M	74.18M	70.17M	76.73M	78.66M	80.15M
Deferred income, non-current	0	0	0	0	0	0	0	0	0	0	0	908.00K	104.16M	—	—	—	—	—	—	—
Minority interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in accrued expenses	0	0	0	0	—	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Common dividends paid	-9.42M	-9.42M	-9.42M	-15.70M	-14.85M	-18.74M	-25.12M	-25.12M	-25.12M	-25.12M	-34.01M	-34.01M	-34.01M	-37.85M	-37.85M	-15.70M	-15.70M	-25.12M	-43.96M	-50.24M
Preferred dividends paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0