Bharat Gears Limited (BHARATGEAR) - Net Assets

Latest as of March 2026: Rs1.31 Billion INR ≈ $14.19 Million USD

Based on the latest financial reports, Bharat Gears Limited (BHARATGEAR) has net assets worth Rs1.31 Billion INR (≈ $14.19 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs4.01 Billion ≈ $43.34 Million USD) and total liabilities (Rs2.70 Billion ≈ $29.16 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 Bharat Gears Limited tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs1.31 Billion
% of Total Assets	32.73%
Annual Growth Rate	8.65%
5-Year Change	21.26%
10-Year Change	97.35%
Growth Volatility	17.03

Bharat Gears Limited - Net Assets Trend (2006–2026)

This chart illustrates how Bharat Gears Limited's net assets have evolved over time, based on quarterly financial data. See how many days can Bharat Gears Limited fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Bharat Gears Limited (2006–2026)

The table below shows the annual net assets of Bharat Gears Limited from 2006 to 2026. For live valuation and market cap data, see BHARATGEAR market cap overview.

Year	Net Assets	Change
2026-03-31	Rs1.31 Billion ≈ $14.19 Million	+16.21%
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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs153.55 Million	11.70%
Other Components	Rs1.16 Billion	88.30%
Total Equity	Rs1.31 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
Greenidge Generation Holdings Inc NASDAQ:GREE	$20.83 Million
Kumho Electric KO:001210	$20.84 Million
DUG Foodtech AB (publ) ST:VUXEN	$20.85 Million
Palatin Technologies, Inc. Common Stock NASDAQ:PTN	$20.85 Million
Raspberry Pi Holdings PLC LSE:RPI	$20.82 Million
DF Deutsche Forfait AG XETRA:DFTK	$20.80 Million
Gillanders Arbuthnot & Company Limited NSE:GILLANDERS	$20.79 Million
Plantynet Co. Ltd KQ:075130	$20.79 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 2025 to 2026, total equity changed from 1,128,890,000 to 1,311,891,000, a change of 183,001,000 (16.2%).
Net income of 165,041,000 contributed positively to equity growth.
Dividend payments of 15,000 reduced retained earnings.
Other factors increased equity by 17,975,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs165.04 Million	+12.58%
Dividends Paid	Rs15.00K	-0.0%
Other Changes	Rs17.98 Million	+1.37%
Total Change	Rs-	16.21%

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: 1.47x
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 6.03x to 1.47x 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	Rs125.41	x
2007-03-31	Rs32.48	Rs125.41	x
2008-03-31	Rs35.01	Rs125.41	x
2009-03-31	Rs37.15	Rs125.41	x
2010-03-31	Rs40.80	Rs125.41	x
2011-03-31	Rs46.21	Rs125.41	x
2012-03-31	Rs57.12	Rs125.41	x
2013-03-31	Rs59.63	Rs125.41	x
2014-03-31	Rs59.31	Rs125.41	x
2015-03-31	Rs55.27	Rs125.41	x
2016-03-31	Rs55.46	Rs125.41	x
2017-03-31	Rs51.98	Rs125.41	x
2018-03-31	Rs59.84	Rs125.41	x
2019-03-31	Rs67.36	Rs125.41	x
2020-03-31	Rs55.52	Rs125.41	x
2021-03-31	Rs50.98	Rs125.41	x
2022-03-31	Rs73.78	Rs125.41	x
2023-03-31	Rs78.51	Rs125.41	x
2024-03-31	Rs72.03	Rs125.41	x
2025-03-31	Rs73.52	Rs125.41	x
2026-03-31	Rs85.45	Rs125.41	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): 12.58%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.10%
• Asset Turnover: 1.96x
• Equity Multiplier: 3.06x
Recent ROE (12.58%) is above the historical average (7.25%), indicating improving 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
2026	12.58%	2.10%	1.96x	3.06x	Rs33.85 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: $11,465,663,177
Average return on equity (ROE) among peers: 11.83%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Bharat Gears Limited (BHARATGEAR)	Rs1.31 Billion	15.93%	2.06x	$20.83 Million
Asahi India Glass Limited (ASAHIINDIA)	$1.98 Billion	1.00%	8.68x	$2.37 Billion
ASK AUTOMOTIVE LIMITED (ASKAUTOLTD)	$6.32 Billion	13.08%	0.75x	$987.66 Million
Balkrishna Industries Limited (BALKRISIND)	$3.47 Billion	23.92%	1.79x	$4.67 Billion
Banco Products (I) Limited (BANCOINDIA)	$5.89 Billion	15.26%	0.61x	$1.03 Billion
Bosch Limited (BOSCHLTD)	$25.63 Billion	23.77%	0.52x	$12.77 Billion
CEAT Limited (CEATLTD)	$6.54 Billion	4.20%	3.39x	$1.52 Billion
CIE Automotive India Limited (CIEINDIA)	$46.34 Billion	7.64%	0.88x	$1.87 Billion
Craftsman Automation Limited (CRAFTSMAN)	$4.92 Billion	4.23%	1.80x	$2.45 Billion
Divgi Torqtransfer Systems Limited (DIVGIITTS)	$2.10 Billion	13.38%	0.45x	$281.33 Million

About Bharat Gears Limited

NSE:BHARATGEAR India Auto Parts

Market Cap

$20.83 Million

Rs1.93 Billion INR

Market Cap Rank

#25001 Global

#1390 in India

Share Price

Rs125.41

Change (1 day)

-1.55%

52-Week Range

Rs85.44 - Rs146.66

All Time High

Rs167.53