Bharat Seats Limited
Bharat Seats Limited manufactures and sells seating systems and interior components for the automotive and surface transport industries in India. It offers seats for four-wheeler, two-wheeler, and railways chair car; carpets; roof and windshield modeling products; and two-wheeler frame parts. The company was incorporated in 1986 and is based in Gurugram, India.
Bharat Seats Limited (BHARATSE) - Net Assets
Latest net assets as of September 2025: ₹2.07 Billion INR
Based on the latest financial reports, Bharat Seats Limited (BHARATSE) has net assets worth ₹2.07 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹6.93 Billion) and total liabilities (₹4.86 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹2.07 Billion |
| % of Total Assets | 29.83% |
| Annual Growth Rate | 15.23% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1.07 |
Bharat Seats Limited - Net Assets Trend (2022–2025)
This chart illustrates how Bharat Seats Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bharat Seats Limited (2022–2025)
The table below shows the annual net assets of Bharat Seats Limited from 2022 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹1.95 Billion | +16.62% |
| 2024-03-31 | ₹1.67 Billion | +14.00% |
| 2023-03-31 | ₹1.46 Billion | +15.10% |
| 2022-03-31 | ₹1.27 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bharat Seats 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 75.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹1.42 Billion | 73.16% |
| Common Stock | ₹125.60 Million | 6.46% |
| Other Components | ₹396.55 Million | 20.38% |
| Total Equity | ₹1.95 Billion | 100.00% |
Bharat Seats Limited Competitors by Market Cap
The table below lists competitors of Bharat Seats Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
J&B International Inc.
TWO:4442
|
$17.09K |
|
Pine Labs Ltd
NSE:PINELABS
|
$17.10K |
|
abrdn Asia Pacific Income Fund VCC
TO:FAP
|
$17.13K |
|
199150
KO:199150
|
$17.14K |
|
Columbus Circle Capital Corp I Warrant
NASDAQ:CCCMW
|
$17.05K |
|
CENTAMIN NPV (7CT.SG)
STU:7CT
|
$17.03K |
|
Beeks Trading Corporation Ltd
LSE:BKS
|
$17.02K |
|
Grupa Klepsydra S.A.
WAR:KLE
|
$17.01K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bharat Seats Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,668,264,000 to 1,945,527,000, a change of 277,263,000 (16.6%).
- Net income of 327,003,000 contributed positively to equity growth.
- Dividend payments of 50,240,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹327.00 Million | +16.81% |
| Dividends Paid | ₹50.24 Million | -2.58% |
| Other Changes | ₹500.00K | +0.03% |
| Total Change | ₹- | 16.62% |
Book Value vs Market Value Analysis
This analysis compares Bharat Seats 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: 5.25x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 8.04x to 5.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-03-31 | ₹20.24 | ₹162.69 | x |
| 2023-03-31 | ₹23.30 | ₹162.69 | x |
| 2024-03-31 | ₹26.56 | ₹162.69 | x |
| 2025-03-31 | ₹30.98 | ₹162.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bharat Seats 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): 16.81%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.54%
- • Asset Turnover: 1.99x
- • Equity Multiplier: 3.33x
- Recent ROE (16.81%) is above the historical average (13.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 9.37% | 1.46% | 2.42x | 2.65x | ₹-8.00 Million |
| 2023 | 14.72% | 2.05% | 2.93x | 2.44x | ₹69.13 Million |
| 2024 | 15.02% | 2.35% | 2.11x | 3.03x | ₹83.72 Million |
| 2025 | 16.81% | 2.54% | 1.99x | 3.33x | ₹132.45 Million |
Industry Comparison
This section compares Bharat Seats Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $13,046,583,226
- Average return on equity (ROE) among peers: 17.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bharat Seats Limited (BHARATSE) | ₹2.07 Billion | 9.37% | 2.35x | $17.08K |
| Apollo Tyres Limited (APOLLOTYRE) | $34.01 Billion | 18.01% | 1.52x | $1.47 Billion |
| Asahi India Glass Limited (ASAHIINDIA) | $26.42 Billion | 14.05% | 1.57x | $816.27 Million |
| Automotive Stampings and Assemblies Limited (ASAL) | $562.65 Million | 17.77% | 2.25x | $18.73 Million |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $10.43 Billion | 23.74% | 0.84x | $221.89 Million |
| Automotive Axles Limited (AUTOAXLES) | $3.02 Billion | 6.60% | 0.72x | $86.08 Million |
| Autoline Industries Limited (AUTOIND) | $1.39 Billion | 7.99% | 2.15x | $11.92 Million |
| Balkrishna Industries Limited (BALKRISIND) | $8.61 Billion | 22.59% | 1.53x | $1.99 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $1.36 Billion | 31.89% | 0.52x | $286.08 Million |
| BELRISE INDUSTRIES LTD (BELRISE) | $20.45 Billion | 15.34% | 1.78x | $541.77 Million |
| Bharat Forge Limited (BHARATFORG) | $24.21 Billion | 12.59% | 2.14x | $5.17 Billion |