Bharat Gears Limited (BHARATGEAR) - Net Assets
Based on the latest financial reports, Bharat Gears Limited (BHARATGEAR) has net assets worth Rs1.22 Billion INR (≈ $13.19 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs4.05 Billion ≈ $43.83 Million USD) and total liabilities (Rs2.83 Billion ≈ $30.65 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check BHARATGEAR financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs1.22 Billion |
| % of Total Assets | 30.08% |
| Annual Growth Rate | 8.26% |
| 5-Year Change | 52.94% |
| 10-Year Change | 59.18% |
| Growth Volatility | 17.41 |
Bharat Gears Limited - Net Assets Trend (2006–2025)
This chart illustrates how Bharat Gears Limited's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Bharat Gears Limited for the complete picture of this company's asset base.
Annual Net Assets for Bharat Gears Limited (2006–2025)
The table below shows the annual net assets of Bharat Gears Limited from 2006 to 2025. For live valuation and market cap data, see BHARATGEAR market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs1.13 Billion ≈ $12.21 Million |
+2.07% |
| 2024-03-31 | Rs1.11 Billion ≈ $11.96 Million |
-8.26% |
| 2023-03-31 | Rs1.21 Billion ≈ $13.04 Million |
+11.43% |
| 2022-03-31 | Rs1.08 Billion ≈ $11.70 Million |
+46.58% |
| 2021-03-31 | Rs738.13 Million ≈ $7.98 Million |
-7.24% |
| 2020-03-31 | Rs795.74 Million ≈ $8.61 Million |
-10.08% |
| 2019-03-31 | Rs884.95 Million ≈ $9.57 Million |
+13.71% |
| 2018-03-31 | Rs778.22 Million ≈ $8.42 Million |
+17.07% |
| 2017-03-31 | Rs664.75 Million ≈ $7.19 Million |
-6.27% |
| 2016-03-31 | Rs709.19 Million ≈ $7.67 Million |
+0.34% |
| 2015-03-31 | Rs706.79 Million ≈ $7.64 Million |
-6.81% |
| 2014-03-31 | Rs758.48 Million ≈ $8.20 Million |
-0.53% |
| 2013-03-31 | Rs762.53 Million ≈ $8.25 Million |
+4.40% |
| 2012-03-31 | Rs730.39 Million ≈ $7.90 Million |
+23.61% |
| 2011-03-31 | Rs590.89 Million ≈ $6.39 Million |
+13.26% |
| 2010-03-31 | Rs521.71 Million ≈ $5.64 Million |
+9.81% |
| 2009-03-31 | Rs475.08 Million ≈ $5.14 Million |
+6.13% |
| 2008-03-31 | Rs447.66 Million ≈ $4.84 Million |
+13.78% |
| 2007-03-31 | Rs393.44 Million ≈ $4.25 Million |
+57.47% |
| 2006-03-31 | Rs249.85 Million ≈ $2.70 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Bharat Gears Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 49742700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs497.43 Million | 44.06% |
| Common Stock | Rs153.55 Million | 13.60% |
| Other Components | Rs477.91 Million | 42.33% |
| Total Equity | Rs1.13 Billion | 100.00% |
Bharat Gears Limited Competitors by Market Cap
The table below lists competitors of Bharat Gears Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Modernland Realty Ltd Tbk
JK:MDLN
|
$17.82 Million |
|
Alton Sports Co.Ltd
KQ:123750
|
$17.82 Million |
|
Alphawave IP Group PLC
LSE:AWE
|
$17.82 Million |
|
Japan Vietnam Medical Instrument JSC
VN:JVC
|
$17.82 Million |
|
Phol Dhanya Public Company Limited
BK:PHOL
|
$17.80 Million |
|
Serina Therapeutics Inc
NYSE MKT:SER
|
$17.80 Million |
|
Scandium International Mining Corp
F:0E6
|
$17.79 Million |
|
Komputronik S.A.
WAR:KOM
|
$17.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bharat Gears Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,105,993,000 to 1,128,890,000, a change of 22,897,000 (2.1%).
- Net income of 31,881,000 contributed positively to equity growth.
- Dividend payments of 1,000 reduced retained earnings.
- Other comprehensive income decreased equity by 158,427,000.
- Other factors increased equity by 149,444,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs31.88 Million | +2.82% |
| Dividends Paid | Rs1.00K | -0.0% |
| Other Comprehensive Income | Rs-158.43 Million | -14.03% |
| Other Changes | Rs149.44 Million | +13.24% |
| Total Change | Rs- | 2.07% |
Book Value vs Market Value Analysis
This analysis compares Bharat Gears Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.46x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.16x to 1.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | Rs20.78 | Rs107.24 | x |
| 2007-03-31 | Rs32.48 | Rs107.24 | x |
| 2008-03-31 | Rs35.01 | Rs107.24 | x |
| 2009-03-31 | Rs37.15 | Rs107.24 | x |
| 2010-03-31 | Rs40.80 | Rs107.24 | x |
| 2011-03-31 | Rs46.21 | Rs107.24 | x |
| 2012-03-31 | Rs57.12 | Rs107.24 | x |
| 2013-03-31 | Rs59.63 | Rs107.24 | x |
| 2014-03-31 | Rs59.31 | Rs107.24 | x |
| 2015-03-31 | Rs55.27 | Rs107.24 | x |
| 2016-03-31 | Rs55.46 | Rs107.24 | x |
| 2017-03-31 | Rs51.98 | Rs107.24 | x |
| 2018-03-31 | Rs59.84 | Rs107.24 | x |
| 2019-03-31 | Rs67.36 | Rs107.24 | x |
| 2020-03-31 | Rs55.52 | Rs107.24 | x |
| 2021-03-31 | Rs50.98 | Rs107.24 | x |
| 2022-03-31 | Rs73.78 | Rs107.24 | x |
| 2023-03-31 | Rs78.51 | Rs107.24 | x |
| 2024-03-31 | Rs72.03 | Rs107.24 | x |
| 2025-03-31 | Rs73.52 | Rs107.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bharat Gears Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.49%
- • Asset Turnover: 1.78x
- • Equity Multiplier: 3.23x
- Recent ROE (2.82%) is below the historical average (6.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 15.93% | 2.44% | 1.05x | 6.23x | Rs14.82 Million |
| 2007 | 22.33% | 4.47% | 1.15x | 4.35x | Rs48.51 Million |
| 2008 | 22.53% | 4.27% | 1.39x | 3.79x | Rs56.08 Million |
| 2009 | 8.51% | 1.70% | 1.43x | 3.52x | Rs-7.08 Million |
| 2010 | 11.77% | 2.49% | 1.44x | 3.28x | Rs9.24 Million |
| 2011 | 16.44% | 2.94% | 1.47x | 3.81x | Rs38.04 Million |
| 2012 | 25.45% | 4.32% | 1.73x | 3.41x | Rs112.88 Million |
| 2013 | 6.51% | 1.26% | 1.48x | 3.49x | Rs-26.59 Million |
| 2014 | 0.78% | 0.14% | 1.44x | 3.84x | Rs-69.90 Million |
| 2015 | -5.95% | -1.01% | 1.40x | 4.18x | Rs-112.73 Million |
| 2016 | 0.34% | 0.06% | 1.48x | 3.78x | Rs-68.52 Million |
| 2017 | -2.20% | -0.36% | 1.40x | 4.37x | Rs-81.08 Million |
| 2018 | 8.10% | 1.28% | 1.35x | 4.70x | Rs-14.79 Million |
| 2019 | 14.16% | 2.18% | 1.37x | 4.74x | Rs36.80 Million |
| 2020 | -23.60% | -4.16% | 1.21x | 4.70x | Rs-267.35 Million |
| 2021 | -10.43% | -1.57% | 1.28x | 5.20x | Rs-150.82 Million |
| 2022 | 23.88% | 3.59% | 1.79x | 3.73x | Rs150.20 Million |
| 2023 | 11.19% | 1.78% | 1.86x | 3.38x | Rs14.29 Million |
| 2024 | -8.80% | -1.51% | 1.67x | 3.49x | Rs-207.98 Million |
| 2025 | 2.82% | 0.49% | 1.78x | 3.23x | Rs-81.01 Million |
Industry Comparison
This section compares Bharat Gears Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $22,798,724,222
- Average return on equity (ROE) among peers: 17.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bharat Gears Limited (BHARATGEAR) | Rs1.22 Billion | 15.93% | 2.32x | $17.81 Million |
| Asahi India Glass Limited (ASAHIINDIA) | $12.88 Billion | 11.93% | 2.00x | $2.31 Billion |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $10.43 Billion | 23.74% | 0.84x | $937.98 Million |
| Balkrishna Industries Limited (BALKRISIND) | $50.08 Billion | 19.16% | 0.36x | $4.52 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $9.82 Billion | 15.53% | 0.56x | $956.83 Million |
| Bosch Limited (BOSCHLTD) | $47.28 Billion | 23.74% | 0.51x | $11.48 Billion |
| CEAT Limited (CEATLTD) | $5.13 Billion | 28.95% | 2.06x | $1.50 Billion |
| CIE Automotive India Limited (CIEINDIA) | $49.08 Billion | 2.17% | 0.94x | $1.94 Billion |
| Craftsman Automation Limited (CRAFTSMAN) | $17.52 Billion | 17.38% | 1.69x | $1.98 Billion |
| Divgi Torqtransfer Systems Limited (DIVGIITTS) | $2.96 Billion | 12.86% | 0.23x | $238.35 Million |
About Bharat Gears Limited
Bharat Gears Limited manufactures and supplies automotive gear in India, the United States, Mexico, Spain, and internationally. The company offers gear products, such as ring gears, pinions, transmission gears, shafts, differential gears, and bevel gears; automotive components, including automotive clutch assemblies and components, turbochargers and related parts, driveline products, axle shafts,… Read more