Bharat Seats Ltd

Bharat Seats Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bharat Seats Ltd

₹ 192 -1.10%
22 Nov - close price
bharatseats.com BSE: 523229
About

Incorporated in 1986, Bharat Seats Ltd manufactures complete seating system
and interior component for the automotive
and surface transport[1]

Key Points

Business Overview:[1][2]
BSL is a joint Venture of Suzuki Motor Corporation Japan, Maruti Suzuki India
Ltd, Rohit Relan, and Associates for manufacturing complete seating systems and auto components. It is an IATF 16949, ISO 14001 & OHSAS 18001 certified manufacturer of seating systems, carpets, NVH components, and body sealing parts for four-wheelers and two-wheelers.Also, the seating system for Indian Railways.

Website BSE
  • Market Cap ₹ 604 Cr.
  • Current Price ₹ 192
  • High / Low ₹ 240 / 126
  • Stock P/E 22.1
  • Book Value ₹ 55.9
  • Dividend Yield 0.83 %
  • ROCE 15.3 %
  • ROE 15.9 %
  • Face Value ₹ 2.00
Edit ratios

Pros

  • Company has been maintaining a healthy dividend payout of 20.5%

Cons

  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
190.88 197.56 260.95 247.69 290.75 219.18 293.43 252.75 285.98 249.98 278.10 298.85 290.67
184.63 189.50 247.29 238.20 278.82 209.03 278.77 240.66 269.04 235.33 260.98 282.34 273.01
Operating Profit 6.25 8.06 13.66 9.49 11.93 10.15 14.66 12.09 16.94 14.65 17.12 16.51 17.66
OPM % 3.27% 4.08% 5.23% 3.83% 4.10% 4.63% 5.00% 4.78% 5.92% 5.86% 6.16% 5.52% 6.08%
1.43 0.65 1.38 0.34 0.97 1.44 1.35 1.09 0.84 1.45 1.16 0.95 0.70
Interest 0.99 1.21 0.86 0.71 0.83 0.91 1.18 1.38 2.38 2.24 1.75 2.23 2.27
Depreciation 4.43 4.35 4.37 4.34 4.21 4.21 4.32 5.41 6.30 6.29 6.01 6.35 6.50
Profit before tax 2.26 3.15 9.81 4.78 7.86 6.47 10.51 6.39 9.10 7.57 10.52 8.88 9.59
Tax % 25.22% 25.40% 24.16% 25.52% 25.32% 26.74% 29.88% 26.92% 25.49% 27.08% 23.29% 25.56% 25.96%
1.69 2.36 7.44 3.56 5.87 4.75 7.37 4.67 6.79 5.52 8.08 6.61 7.10
EPS in Rs 0.54 0.75 2.37 1.13 1.87 1.51 2.35 1.49 2.16 1.76 2.57 2.11 2.26
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
600 560 693 700 840 970 904 589 548 818 1,051 1,067 1,118
576 531 661 670 803 905 853 553 521 785 1,005 1,006 1,052
Operating Profit 24 29 32 30 37 65 50 36 27 32 46 61 66
OPM % 4% 5% 5% 4% 4% 7% 6% 6% 5% 4% 4% 6% 6%
1 0 2 2 1 1 5 2 2 5 4 5 4
Interest 6 6 6 5 4 3 3 3 4 4 4 8 8
Depreciation 11 14 16 17 17 19 21 22 18 18 17 24 25
Profit before tax 7 9 11 10 17 44 31 12 7 16 30 34 37
Tax % 24% 26% 29% 27% 28% 35% 31% -2% 28% 25% 27% 25%
5 7 8 7 12 28 21 13 5 12 22 25 27
EPS in Rs 1.70 2.14 2.59 2.30 3.88 8.99 6.82 3.99 1.53 3.79 6.86 7.98 8.70
Dividend Payout % 47% 37% 35% 39% 23% 11% 15% 13% 33% 21% 20% 20%
Compounded Sales Growth
10 Years: 7%
5 Years: 3%
3 Years: 25%
TTM: 6%
Compounded Profit Growth
10 Years: 14%
5 Years: 3%
3 Years: 76%
TTM: 16%
Stock Price CAGR
10 Years: 21%
5 Years: 25%
3 Years: 38%
1 Year: 25%
Return on Equity
10 Years: 16%
5 Years: 12%
3 Years: 14%
Last Year: 16%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 32 35 40 47 56 80 98 107 110 121 140 161 169
105 102 91 75 63 25 29 40 35 39 66 160 168
79 109 127 122 140 172 140 89 140 171 146 179 199
Total Liabilities 221 253 265 250 265 285 273 242 291 337 358 505 542
112 150 150 144 146 136 152 150 126 147 199 276 268
CWIP 32 4 3 1 0 13 0 22 30 8 12 49 82
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
78 99 111 104 119 135 121 69 135 182 147 181 192
Total Assets 221 253 265 250 265 285 273 242 291 337 358 505 542

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5 36 36 34 38 69 35 28 19 16 43 57
-37 -17 -13 -6 -17 -23 -24 -34 -12 -15 -59 -73
29 -18 -23 -28 -22 -44 -4 -3 -7 -2 17 16
Net Cash Flow -3 0 0 0 0 2 7 -9 -0 -1 0 -0

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 31 43 40 43 41 35 31 22 55 49 34 35
Inventory Days 10 8 7 9 8 12 11 16 24 28 12 16
Days Payable 41 59 56 60 61 66 59 57 99 68 48 61
Cash Conversion Cycle -1 -8 -8 -8 -13 -19 -17 -19 -20 9 -3 -9
Working Capital Days -10 -19 -19 -18 -12 -13 -9 -12 -10 4 -3 -3
ROCE % 11% 11% 13% 12% 17% 40% 28% 11% 7% 12% 18% 15%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.59% 74.59% 74.59% 74.59% 74.59% 74.59% 74.59% 74.59% 74.59% 74.59% 74.59% 74.59%
0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11% 0.11%
25.30% 25.30% 25.30% 25.30% 25.30% 25.30% 25.30% 25.30% 25.29% 25.30% 25.30% 25.31%
No. of Shareholders 13,58413,25312,76912,22312,09011,84212,78313,12713,41014,89415,12116,677

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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