India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,673 Arjun Govind Raghupathy & family ₹1,100 Cr
Market Cap
₹2,181 Cr
BGRENERGY · NSE
Share Price
₹293.80
-2.78% today
Revenue
₹300 Cr
FY 2025-26 · -33.8% YoY
EBITDA
−₹583 Cr
Margin -194.6%
Net Profit
−₹1,288 Cr
FY 2025-26 · -33.0% YoY
Authorised capital
₹100 Cr
Registered with MCA
Paid-up capital
₹72.16 Cr
Issued & subscribed
Open charges
₹10,218 Cr
Satisfied ₹20,388 Cr
About BGR Energy Systems Limited
Data last updated:
BGR Energy Systems Limited is a public limited company based in Tada, Andhra Pradesh, India, a subsidiary of Bgr Investment Holdings Company Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the power epc segment of the energy and power sector. It was incorporated on 18 February 1985.
Its director Arjun Govind Raghupathy and family are #1,673 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN L40106AP1985PLC005318. Its GSTIN is 37AABCG2202J1ZZ (Andhra Pradesh). The company holds 20 GST registrations, of which 13 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532930 and NSE: BGRENERGY.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹72.16 Cr. It was formerly known as Gea Energie Systems India Private Limited and Gea Energy System (India) Limited. It is led by directors including Arjun Govind Raghupathy (Managing Director) and Sasikala Raghupathy.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at E – 4 Pannamgadu Industrial Estate, Ramapuram Post Tada Mandalam, Andhra Pradesh, India – 524401.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹299.69 Cr, a decline of 33.8% compared to the previous year. For the same year it recorded a net loss of ₹1,288.14 Cr (net margin -429.8%) and EBITDA of -₹583.14 Cr (EBITDA margin -194.6%).
The company has about 2,376 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 2 brands: DRRC and BGR Energy Systems. As per MCA filings, the company has open charges of ₹10,218 Cr and satisfied charges of ₹20,388 Cr on record. Court records list 697 cases involving the company, including 261 filed by the company and 436 filed against it; 145 cases are pending. The company has 42 deals on record (40 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹129.6 Cr; the latest was in February 2025. The company has 558 MSME Form 1 returns on record between 2008 and 2024, listing 64,993 overdue payments to 1,548 micro and small suppliers.
The last known website on record is bgrcorp.com.
Company details
CIN L40106AP1985PLC005318
Registration Number 005318
Incorporation Date 18 February 1985
ROC Vijayawada
Listing Status Listed - Listed on NSE (BGRENERGY); Listed on BSE (532930)
Company Status Under CIRP
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2026
Parent Company Bgr Investment Holdings Company Limited
Compliance Status Active Compliant
Name history
BGR Energy Systems has undergone 2 name changes throughout its history. The company was previously known as Gea Energie Systems India Private Limited, and Gea Energy System (India) Limited. The current legal name is Bgr Energy Systems Limited.
| Company Name | Status |
|---|---|
| BGR Energy Systems Limited | Current |
| Gea Energie Systems India Private Limited | Previous |
| Gea Energy System (India) Limited | Previous |
CIN history
BGR Energy Systems has one previous CIN (Corporate Identification Number): U40106AP1985PLC005318. The current CIN is L40106AP1985PLC005318, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L40106AP1985PLC005318 | Current |
| U40106AP1985PLC005318 | Previous |
Key People
Arjun Govind Raghupathy Managing Director Sasikala Raghupathy Director Narmadha Dinakaran Director Recognitions & Rankings of BGR Energy Systems
Contact details
BGR Energy Systems Limited's registered office is in Tada, Andhra Pradesh. Its website is bgrcorp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressE – 4 Pannamgadu Industrial Estate, Ramapuram Post Tada Mandalam, Andhra Pradesh, India – 524401
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
To see the full contact details of BGR Energy Systems Limited, buy the company report.
Comprehensive company report
BGR Energy Systems Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
BGR Energy Systems operates two associated brands: DRRC and BGR Energy Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides construction solutions for thermal projects, dams, and civil engineering works. | drrc.in | |
| Diversified energy company | bgrcorp.com |
Business activity
The main business activity of BGR Energy Systems is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of BGR Energy Systems Limited, buy the company report.
Financials of BGR Energy Systems Limited
FY 2025-26 filings availableBGR Energy Systems Limited reported revenue of ₹299.69 Cr (down 33.8% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹300 Cr
-33.8% YoY
EBITDA
−₹583 Cr
-2.2% YoY
Profit After Tax
−₹1,288 Cr
-33.0% YoY
Net Worth
-
Total Assets
-
Total Debt
-
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 300 | 452 | 1,012 | 806 | 1,221 | 1,140 | 2,692 |
| Revenue growth | -33.8% | -55.3% | +25.6% | -34.0% | +7.1% | -57.7% | - |
| EBITDA | (583) | (571) | (336) | (279) | 130 | (164) | 214 |
| EBITDA margin | -194.6% | -126.1% | -33.2% | -34.6% | +10.7% | -14.4% | +8.0% |
| Profit before tax | (1,292) | (973) | (685) | (644) | (243) | (487) | (79.71) |
| Net profit | (1,288) | (969) | (748) | (485) | (185) | (365) | (42.57) |
| Net profit margin | -429.8% | -214.1% | -73.9% | -60.1% | -15.2% | -32.0% | -1.6% |
| EPS (₹) | (178.51) | (134.76) | (105.07) | (67.21) | (25.37) | (50.51) | (0.40) |
| Balance sheet | |||||||
| Total assets | - | 1,980 | 1,358 | 2,133 | 2,650 | 2,832 | 3,432 |
| Net worth | - | (1,608) | (661) | 91.88 | 577 | 770 | 1,179 |
| Total debt | - | 3,471 | 1,833 | 1,845 | 1,878 | 1,943 | 2,143 |
| Cash & bank | - | 77.66 | 90.21 | 297 | 274 | 354 | 381 |
| Net working capital | - | 1,511 | 896 | 1,459 | 1,736 | 1,870 | 2,017 |
| Cash flow | |||||||
| Cash from operations | - | (1,857) | 150 | 304 | 327 | 469 | 370 |
| Cash from investing | - | 1.67 | 0.34 | (2.00) | 7.97 | (0.76) | 41.79 |
| Cash from financing | - | 1,883 | (143) | (306) | (370) | (459) | (413) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15.79 | 50.12 | 77.71 | 83.25 | 88.61 | 130 | 66.05 | 82.54 |
| Revenue growth (YoY) | -82.2% | -61.5% | +17.7% | +0.9% | -49.0% | - | - | - |
| Other income | 83.66 | 69.79 | 21.70 | 11.65 | 24.51 | 187 | 1.28 | 5.20 |
| EBITDA | (102) | (234) | (187) | (56.47) | (105) | (302) | (192) | (73.44) |
| EBITDA margin | -647.6% | -467.0% | -241.1% | -67.8% | -118.8% | -232.3% | -290.7% | -89.0% |
| Depreciation | 0.90 | 2.67 | 2.83 | 2.66 | 2.80 | 4.41 | 2.75 | 2.80 |
| Interest | 204 | 604 | 24.09 | 15.06 | 182 | 213 | 143 | 122 |
| Profit before tax | (223) | (771) | (193) | (62.54) | (266) | (332) | (336) | (193) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (223) | (771) | (193) | (62.54) | (266) | (332) | (336) | (193) |
| EPS (₹) | (31.06) | (106.42) | (26.72) | (8.63) | (36.74) | (45.77) | (46.58) | (26.68) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 300 | 451 | 1,012 | 806 | 1,221 | 1,140 | 2,692 |
| Revenue growth | -33.6% | -55.4% | +25.5% | -34.0% | +7.1% | -57.7% | - |
| EBITDA | (567) | (558) | (327) | (270) | 137 | (151) | 231 |
| EBITDA margin | -189.0% | -123.6% | -32.3% | -33.5% | +11.2% | -13.2% | +8.6% |
| Profit before tax | (1,280) | (981) | (677) | (635) | (236) | (475) | (64.12) |
| Net profit | (1,280) | (977) | (742) | (478) | (180) | (356) | (26.19) |
| Net profit margin | -427.1% | -216.6% | -73.3% | -59.3% | -14.8% | -31.2% | -1.0% |
| EPS (₹) | (177.35) | (135.95) | (104.23) | (66.32) | (24.68) | (49.25) | 1.87 |
| Balance sheet | |||||||
| Total assets | - | 2,250 | 1,627 | 2,393 | 2,900 | 3,159 | 3,681 |
| Net worth | - | (1,321) | (343) | 403 | 882 | 1,063 | 1,417 |
| Total debt | - | 3,471 | 1,833 | 1,845 | 1,878 | 1,943 | 2,143 |
| Cash & bank | - | 61.15 | 75.08 | 283 | 259 | 332 | 362 |
| Net working capital | - | 1,686 | 1,071 | 1,625 | 1,893 | 2,116 | 2,156 |
| Cash flow | |||||||
| Cash from operations | - | (1,859) | 150 | 305 | 334 | 467 | 369 |
| Cash from investing | - | 1.59 | (0.18) | (1.98) | 7.97 | (0.76) | 41.79 |
| Cash from financing | - | 1,883 | (143) | (306) | (370) | (459) | (413) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15.30 | 50.12 | 77.71 | 83.25 | 88.61 | 129 | 66.05 | 82.54 |
| Revenue growth (YoY) | -82.7% | -61.1% | +17.7% | +0.9% | -49.0% | - | - | - |
| Other income | 79.71 | 69.24 | 19.24 | 10.17 | 24.25 | 182 | (6.36) | 4.95 |
| Total expenses | 116 | 275 | 263 | 137 | 191 | 422 | 257 | 155 |
| EBITDA | (101) | (225) | (186) | (54.17) | (102) | (293) | (191) | (72.30) |
| EBITDA margin | -660.8% | -448.5% | -238.7% | -65.1% | -115.1% | -227.4% | -289.4% | -87.6% |
| Depreciation | 0.88 | 2.66 | 2.82 | 2.66 | 2.79 | 4.41 | 2.74 | 2.80 |
| Interest | 204 | 604 | 24.09 | 15.07 | 182 | 213 | 143 | 122 |
| Profit before tax | (226) | (762) | (193) | (61.73) | (263) | (328) | (343) | (192) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15.79 | 50.12 | 77.71 | 83.25 | 88.61 | 130 | 66.05 | 82.54 |
| Revenue growth (YoY) | -82.2% | -61.5% | +17.7% | +0.9% | -49.0% | - | - | - |
| Other income | 83.66 | 69.79 | 21.70 | 11.65 | 24.51 | 187 | 1.28 | 5.20 |
| EBITDA | (102) | (234) | (187) | (56.47) | (105) | (302) | (192) | (73.44) |
| EBITDA margin | -647.6% | -467.0% | -241.1% | -67.8% | -118.8% | -232.3% | -290.7% | -89.0% |
| Depreciation | 0.90 | 2.67 | 2.83 | 2.66 | 2.80 | 4.41 | 2.75 | 2.80 |
| Interest | 204 | 604 | 24.09 | 15.06 | 182 | 213 | 143 | 122 |
| Profit before tax | (223) | (771) | (193) | (62.54) | (266) | (332) | (336) | (193) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (223) | (771) | (193) | (62.54) | (266) | (332) | (336) | (193) |
| EPS (₹) | (31.06) | (106.42) | (26.72) | (8.63) | (36.74) | (45.77) | (46.58) | (26.68) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 300 | 452 | 1,012 | 806 | 1,221 | 1,140 | 2,692 |
| Revenue growth | -33.8% | -55.3% | +25.6% | -34.0% | +7.1% | -57.7% | - |
| Other income | 128 | 210 | 109 | 50.38 | 12.86 | 7.12 | 42.52 |
| Total expenses | 883 | 1,023 | 1,348 | 1,085 | 1,090 | 1,304 | 2,478 |
| Employee cost | 0.00 | 54.65 | 115 | 128 | 136 | 141 | 201 |
| EBITDA | (583) | (571) | (336) | (279) | 130 | (164) | 214 |
| EBITDA margin | -194.6% | -126.1% | -33.2% | -34.6% | +10.7% | -14.4% | +8.0% |
| Depreciation | 10.96 | 12.94 | 13.39 | 16.75 | 27.36 | 30.52 | 34.86 |
| Interest | 825 | 600 | 445 | 399 | 359 | 300 | 302 |
| Profit before tax | (1,292) | (973) | (685) | (644) | (243) | (487) | (79.71) |
| Tax | 0.00 | 0.00 | 75.36 | (157) | (57.59) | (119) | (70.14) |
| Net profit | (1,288) | (969) | (748) | (485) | (185) | (365) | (42.57) |
| Net profit margin | -429.8% | -214.1% | -73.9% | -60.1% | -15.2% | -32.0% | -1.6% |
| EPS (₹) | (178.51) | (134.76) | (105.07) | (67.21) | (25.37) | (50.51) | (0.40) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 72.16 | 72.16 | 72.16 | 72.16 | 72.16 | 72.16 |
| Reserves & surplus | - | (1,680) | (733) | 19.72 | 505 | 698 | 1,107 |
| Shareholders' funds (net worth) | - | (1,608) | (661) | 91.88 | 577 | 770 | 1,179 |
| Minority interest | - | (31.65) | (45.42) | (42.80) | (40.01) | (34.97) | (11.59) |
| Secured loans | - | 3,037 | 1,398 | 1,610 | 1,878 | 1,938 | 2,130 |
| Unsecured loans | - | 435 | 435 | 234 | 0.03 | 4.34 | 13.35 |
| Total debt | - | 3,471 | 1,833 | 1,845 | 1,878 | 1,943 | 2,143 |
| Total liabilities | - | 1,980 | 1,358 | 2,133 | 2,650 | 2,832 | 3,432 |
| Assets | |||||||
| Gross block | - | 506 | 514 | 608 | 622 | 644 | 651 |
| Net block | - | 285 | 300 | 324 | 336 | 370 | 403 |
| Capital work in progress | - | 0.25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | - | 2.15 | 2.05 | 1.26 | 1.01 | 0.78 | 0.42 |
| Inventories | - | 15.06 | 43.36 | 42.38 | 38.52 | 47.11 | 43.73 |
| Sundry debtors | - | 357 | 580 | 677 | 730 | 808 | 881 |
| Cash & bank balances | - | 77.66 | 90.21 | 297 | 274 | 354 | 381 |
| Loans & advances | - | 3,782 | 3,182 | 3,266 | 3,323 | 3,080 | 3,266 |
| Total current assets | - | 4,232 | 3,896 | 4,282 | 4,365 | 4,288 | 4,571 |
| Total current liabilities | - | 2,721 | 3,000 | 2,823 | 2,629 | 2,418 | 2,554 |
| Net working capital | - | 1,511 | 896 | 1,459 | 1,736 | 1,870 | 2,017 |
| Total assets | - | 1,980 | 1,358 | 2,133 | 2,650 | 2,832 | 3,432 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 23.96 | 16.18 | 20.43 | 55.32 | 45.52 | 46.92 |
| Net cash from operating activities | - | (1,857) | 150 | 304 | 327 | 469 | 370 |
| Net cash from investing activities | - | 1.67 | 0.34 | (2.00) | 7.97 | (0.76) | 41.79 |
| Net cash from financing activities | - | 1,883 | (143) | (306) | (370) | (459) | (413) |
| Net change in cash | - | 27.63 | 7.78 | (4.25) | (34.89) | 9.80 | (1.40) |
| Closing cash | - | 77.66 | 90.21 | 297 | 274 | 354 | 381 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -33.8% | -55.3% | +25.6% | -34.0% | +7.1% | -57.7% | - |
| EBITDA growth | -2.2% | -69.9% | -20.6% | -313.7% | +179.6% | -176.5% | - |
| PBT growth | -32.7% | -42.0% | -6.4% | -165.5% | +50.2% | -511.5% | - |
| Net income growth | -33.0% | -29.5% | -54.4% | -161.6% | +49.2% | -756.5% | - |
| Revenue CAGR (3Y) | -28.1% | -28.2% | -3.9% | -33.1% | -28.0% | -29.8% | -7.9% |
| EBITDA CAGR (3Y) | +27.9% | - | +27.0% | - | -26.2% | - | -18.1% |
| Profitability & leverage | |||||||
| Net income margin | -431.0% | -215.1% | -75.2% | -60.5% | -15.2% | -32.3% | -0.4% |
| Return on capital employed | - | 0.0% | 0.0% | 0.0% | +4.2% | -5.9% | +5.2% |
| Return on net worth | - | 0.0% | 0.0% | 0.0% | -27.5% | -37.8% | -4.2% |
| Debt / equity | - | 0.00 | 0.00 | 5.57 | 2.84 | 2.10 | 1.87 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.35 | 0.00 | 0.00 | 0.02 |
| Interest cover | -138.91 | -102.73 | -127.39 | -135.21 | 348.12 | -154.39 | 168.15 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.89 | 1.80 | 1.31 | 1.93 | 1.76 | 4.09 |
| Inventory turnover | - | 15.49 | 23.61 | 19.93 | 28.51 | 25.09 | 66.55 |
| Debtors turnover | - | 0.97 | 1.61 | 1.15 | 1.59 | 1.35 | 1.43 |
| EPS (₹) | (178.51) | (134.76) | (105.07) | (67.21) | (25.37) | (50.51) | (0.40) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | (222.86) | (91.58) | 12.73 | 79.97 | 106.72 | 163.37 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15.30 | 50.12 | 77.71 | 83.25 | 88.61 | 129 | 66.05 | 82.54 |
| Revenue growth (YoY) | -82.7% | -61.1% | +17.7% | +0.9% | -49.0% | - | - | - |
| Other income | 79.71 | 69.24 | 19.24 | 10.17 | 24.25 | 182 | (6.36) | 4.95 |
| Total expenses | 116 | 275 | 263 | 137 | 191 | 422 | 257 | 155 |
| EBITDA | (101) | (225) | (186) | (54.17) | (102) | (293) | (191) | (72.30) |
| EBITDA margin | -660.8% | -448.5% | -238.7% | -65.1% | -115.1% | -227.4% | -289.4% | -87.6% |
| Depreciation | 0.88 | 2.66 | 2.82 | 2.66 | 2.79 | 4.41 | 2.74 | 2.80 |
| Interest | 204 | 604 | 24.09 | 15.07 | 182 | 213 | 143 | 122 |
| Profit before tax | (226) | (762) | (193) | (61.73) | (263) | (328) | (343) | (192) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 300 | 451 | 1,012 | 806 | 1,221 | 1,140 | 2,692 |
| Revenue growth | -33.6% | -55.4% | +25.5% | -34.0% | +7.1% | -57.7% | - |
| Other income | 123 | 189 | 108 | 51.29 | 12.44 | 6.01 | 41.27 |
| Total expenses | 866 | 1,009 | 1,339 | 1,077 | 1,084 | 1,290 | 2,461 |
| Employee cost | 0.00 | 46.97 | 113 | 126 | 131 | 135 | 191 |
| EBITDA | (567) | (558) | (327) | (270) | 137 | (151) | 231 |
| EBITDA margin | -189.0% | -123.6% | -32.3% | -33.5% | +11.2% | -13.2% | +8.6% |
| Depreciation | 10.93 | 12.92 | 13.33 | 16.74 | 27.31 | 30.45 | 34.78 |
| Interest | 825 | 600 | 445 | 399 | 359 | 300 | 302 |
| Profit before tax | (1,280) | (981) | (677) | (635) | (236) | (475) | (64.12) |
| Tax | 0.00 | 0.00 | 75.35 | (157) | (58.34) | (120) | (77.64) |
| Net profit | (1,280) | (977) | (742) | (478) | (180) | (356) | (26.19) |
| Net profit margin | -427.1% | -216.6% | -73.3% | -59.3% | -14.8% | -31.2% | -1.0% |
| EPS (₹) | (177.35) | (135.95) | (104.23) | (66.32) | (24.68) | (49.25) | 1.87 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 72.16 | 72.16 | 72.16 | 72.16 | 72.16 | 72.16 |
| Reserves & surplus | - | (1,393) | (416) | 331 | 810 | 991 | 1,345 |
| Shareholders' funds (net worth) | - | (1,321) | (343) | 403 | 882 | 1,063 | 1,417 |
| Secured loans | - | 3,037 | 1,398 | 1,610 | 1,878 | 1,938 | 2,130 |
| Unsecured loans | - | 435 | 435 | 234 | 0.03 | 4.34 | 13.35 |
| Total debt | - | 3,471 | 1,833 | 1,845 | 1,878 | 1,943 | 2,143 |
| Total liabilities | - | 2,250 | 1,627 | 2,393 | 2,900 | 3,159 | 3,681 |
| Assets | |||||||
| Gross block | - | 265 | 273 | 367 | 381 | 402 | 410 |
| Net block | - | 45.99 | 59.69 | 84.43 | 95.87 | 130 | 163 |
| Capital work in progress | - | 0.25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | - | 361 | 361 | 360 | 360 | 360 | 359 |
| Inventories | - | 15.06 | 43.36 | 42.38 | 38.52 | 47.11 | 43.73 |
| Sundry debtors | - | 357 | 580 | 677 | 730 | 808 | 881 |
| Cash & bank balances | - | 61.15 | 75.08 | 283 | 259 | 332 | 362 |
| Loans & advances | - | 3,636 | 3,028 | 3,112 | 3,164 | 2,928 | 3,046 |
| Total current assets | - | 4,069 | 3,727 | 4,114 | 4,192 | 4,114 | 4,332 |
| Total current liabilities | - | 2,383 | 2,656 | 2,489 | 2,299 | 1,998 | 2,176 |
| Net working capital | - | 1,686 | 1,071 | 1,625 | 1,893 | 2,116 | 2,156 |
| Total assets | - | 2,250 | 1,627 | 2,393 | 2,900 | 3,159 | 3,681 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 8.83 | 2.19 | 5.76 | 33.38 | 25.81 | 27.37 |
| Net cash from operating activities | - | (1,859) | 150 | 305 | 334 | 467 | 369 |
| Net cash from investing activities | - | 1.59 | (0.18) | (1.98) | 7.97 | (0.76) | 41.79 |
| Net cash from financing activities | - | 1,883 | (143) | (306) | (370) | (459) | (413) |
| Net change in cash | - | 26.25 | 6.64 | (3.57) | (27.62) | 7.57 | (1.56) |
| Closing cash | - | 61.15 | 75.08 | 283 | 259 | 332 | 362 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -33.6% | -55.4% | +25.5% | -34.0% | +7.1% | -57.7% | - |
| EBITDA growth | -1.6% | -70.8% | -20.8% | -297.2% | +191.0% | -165.3% | - |
| PBT growth | -30.5% | -45.0% | -6.6% | -168.7% | +50.3% | -641.2% | - |
| Net income growth | -31.0% | -31.7% | -55.2% | -165.2% | +49.3% | -1257.5% | - |
| Revenue CAGR (3Y) | -28.1% | -28.2% | -3.9% | -33.1% | -27.7% | -29.8% | -7.8% |
| EBITDA CAGR (3Y) | +28.0% | - | +29.4% | - | -26.0% | - | -11.7% |
| Profitability & leverage | |||||||
| Net income margin | -427.1% | -217.4% | -74.3% | -59.4% | -14.6% | -31.2% | +0.5% |
| Return on capital employed | - | 0.0% | 0.0% | 0.0% | +4.0% | -5.1% | +5.3% |
| Return on net worth | - | 0.0% | 0.0% | 0.0% | -18.3% | -28.7% | -1.9% |
| Debt / equity | - | 0.00 | 61.54 | 2.90 | 1.96 | 1.65 | 1.56 |
| Long-term debt / equity | - | 0.00 | 11.18 | 0.18 | 0.00 | 0.00 | 0.01 |
| Interest cover | -142.92 | -105.05 | -130.97 | -139.14 | 326.68 | -165.68 | 153.72 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 1.68 | 3.17 | 2.16 | 3.12 | 2.81 | 6.74 |
| Inventory turnover | - | 15.45 | 23.61 | 19.93 | 28.51 | 25.09 | 66.55 |
| Debtors turnover | - | 0.96 | 1.61 | 1.15 | 1.59 | 1.35 | 1.43 |
| EPS (₹) | (177.35) | (135.95) | (104.23) | (66.32) | (24.68) | (49.25) | 1.87 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | (183.08) | (47.60) | 55.88 | 122.22 | 147.33 | 196.40 |
To see the full year-wise statements and ratios of BGR Energy Systems Limited, buy the company report.
Board of directors of BGR Energy Systems Limited
BGR Energy Systems has 6 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
Directors (as last reported)
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arjun Govind Raghupathy Also directs: Ani Constructions Private Limited, BGR Investment Holdings Company Limited, BGR Estate Holdings Limited and 5 more | Managing Director | 11 Nov 2016 | 9 Years 11 Months | As last reported |
| Sasikala Raghupathy Also directs: Ani Constructions Private Limited, BGR Investment Holdings Company Limited, BGR Estate Holdings Limited and 5 more | Director | 20 Aug 1985 | 41 Years 2 Months | As last reported |
| Narmadha Dinakaran | Director | 29 Mar 2025 | 1 Years 6 Months | As last reported |
| Ganesan Jeyakrishna Also directs: Sravanaa Properties Limited | Director | 14 May 2024 | 2 Years 5 Months | As last reported |
| Krishnamoorthi Meyyanathan | Director | 14 May 2024 | 2 Years 5 Months | As last reported |
| Surilisubbu Vasudevan Also directs: Abs Marine Services Limited | Director | 14 May 2024 | 2 Years 5 Months | As last reported |
Auditor
BGR Energy Systems Limited is audited by Anand and Ponnappan for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Anand and Ponnappan | FY 2023 | 000111S |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 51.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 49.00%.
Sep 2026
QUARTER
51.00% Promoters
49.00% Retail & Others
Promoter holding - history
Now 51.00% · Sep 2026High 51.00% · Dec 2025Low 51.00% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 51.00% | 51.00% | 51.00% | 51.00% |
| Public | 49.00% | 49.00% | 49.00% | 49.00% |
Charges & borrowings
Open charges
₹10,218 Cr
Satisfied charges
₹20,388 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Mar 2020 | 100331970 | Sbicap Trustee Company Limited | ₹590 Cr | Open | |
| 17 Feb 2018 | 100163953 | Others | ₹807 Cr | Open | |
| 30 Aug 2017 | 100121822 | Others | ₹1,030 Cr | Open | |
| 15 Feb 2017 | 100079059 | Others | ₹20 Cr | Open | |
| 04 Feb 2017 | 100079057 | Others | ₹975 Cr | Open |
To see the full charge records of BGR Energy Systems Limited, buy the company report.
Total charge records: 84 View all charges
Deals & funding
BGR Energy Systems Limited has 42 deals on record (40 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹129.6 Cr; the latest was in February 2025.
Total deals
42
Market trades
40
Funding round
1
IPO
1
Disclosed funding
₹129.6 Cr
Deals on record (5 of 42)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2025 | Market trade | ₹9.04 Cr | Buyer: Epitome Trading And Investments Seller: Neo Apex Venture LLP |
| Jan 2025 | Market trade | ₹7.78 Cr | Seller: Neo Apex Venture LLP |
| Jan 2025 | Market trade | ₹4.88 Cr | Buyer: Neo Apex Venture LLP Seller: Neo Apex Venture LLP |
| Dec 2024 | Market trade | ₹4.82 Cr | Seller: Multiplier Share and Stock Advisors Private Limited |
| Dec 2024 | Market trade | ₹2.98 Cr | Seller: Mansi Share and Stock Broking Private Limited |
To see the full deal history of BGR Energy Systems Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
BGR Energy Systems Limited has 697 court cases on record: 261 filed by BGR Energy Systems, 436 filed against it. 145 cases are pending and 552 are disposed.
Total cases
697
Filed by the company
261
Filed against the company
436
Pending
145
Disposed
552
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 475 | 243 | 80 |
| District courts | 139 | 120 | 51 |
| NCLT | 61 | 61 | 8 |
| Supreme Court | 15 | 8 | 4 |
| NCLAT | 7 | 4 | 2 |
Cases on record (5 of 697)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Faridabad, Haryana | Execution petition | Filed against the company by M/S Aem Equipments Private Limited | Pending |
| NCLAT, NCLAT Chennai | Insolvency matter | Filed against the company by Epp Composites Private Limited | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Epp Composites Private Limited | Pending |
| District court, Chennai, Tamil Nadu | Court case (COS) | Filed against the company by Tuv Sud South Asia Private Limited | Pending |
| Madras High Court | Execution petition | Filed against the company by Elecon Engineering Company Ltd. | Pending |
To see the full case history of BGR Energy Systems Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
BGR Energy Systems Limited has 558 MSME Form 1 returns on record between 2008 and 2024, listing 64,993 overdue payments to 1,548 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 1,548)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Unicom Infotel Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of BGR Energy Systems Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
BGR Energy Systems has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
3
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| BGR Turbines Company Private Limited | U40300TN2009PTC070541 | |
| Sravanaa Properties Limited | U70200TN2002PLC049497 | |
| BGR Boilers Private Limited | U74200TN2009PTC070539 |
To see the full group structure of BGR Energy Systems Limited, buy the company report.
Employees & EPFO
BGR Energy Systems Limited has a workforce of 2,376 employees on its EPFO records as of Apr 04, 2024, across 12 active EPFO establishments.
Employee count
2,376
Active EPFO establishments
12
Employee growth
-0.54%
GST
BGR Energy Systems has 20 GST registrations: 13 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
20
Active
13
Cancelled / inactive
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AABCG2202J1ZZ | Andhra Pradesh | Active | 01 Jul 2017 |
| 08AABCG2202J1Z0 | Rajasthan | Active | 01 Jul 2017 |
| 09AABCG2202J1ZY | Uttar Pradesh | Active | 01 Jul 2017 |
| 20AABCG2202J1ZE | Jharkhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of BGR Energy Systems Limited, buy the company report.
Recent activity
BGR Energy Systems Limited has 50 board changes on record since 1985: 28 appointments and 22 cessations. The latest: Narmadha Dinakaran was appointed as Director on 29 Mar 2025.
Filing
Bgr Energy Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Vijayawada.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 590.00 Cr registered on 11 Mar 2020 with Charge ID 100331970 was modified on 29 Sep 2025.
Charges
A charge with Others of Rs. 807.00 Cr registered on 17 Feb 2018 with Charge ID 100163953 was modified on 29 Sep 2025.
Charges
A charge with Others of Rs. 1,030.00 Cr registered on 30 Aug 2017 with Charge ID 100121822 was modified on 29 Sep 2025.
Charges
A charge with Others of Rs. 20.00 Cr registered on 15 Feb 2017 with Charge ID 100079059 was modified on 29 Sep 2025.
Charges
A charge with Others of Rs. 975.00 Cr registered on 04 Feb 2017 with Charge ID 100079057 was modified on 29 Sep 2025.
Charges
A charge with Others of Rs. 105.00 Cr registered on 02 Jan 2015 with Charge ID 10544237 was modified on 29 Sep 2025.
Charges
A charge with Others of Rs. 700.00 Cr registered on 07 Mar 2014 with Charge ID 10482565 was modified on 29 Sep 2025.
Charges
A charge with Others of Rs. 385.00 Cr registered on 11 Jul 2013 with Charge ID 10439794 was modified on 29 Sep 2025.
Charges
A charge with Others of Rs. 1,326.00 Cr registered on 30 Apr 2013 with Charge ID 10428385 was modified on 29 Sep 2025.
Charges
A charge with Axis Bank Limited of Rs. 1,420.00 Cr registered on 17 Sep 2012 with Charge ID 10382324 was modified on 29 Sep 2025.
Charges
A charge with Others of Rs. 160.00 Cr registered on 26 Sep 2011 with Charge ID 10314444 was modified on 29 Sep 2025.
204 earlier events are in the company report.
News
Bgr Energy Systems: Signs Debt Restructuring Deal With Narcl For ₹3,736 Crore, Narcl To Acquire 20% Equity.
Bgr Energy Systems: Re-appoints Arjun Govind Raghupathy As Managing Director.
Frequently asked questions
BGR Energy Systems is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
BGR Energy Systems is a company under insolvency, formerly operating as a public limited company based in Tada, Andhra Pradesh, India. The company works in power epc, within the energy and power industry. It was incorporated on 18 February 1985 and is registered under CIN L40106AP1985PLC005318. Listed on BSE: 532930 and NSE: BGRENERGY. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
BGR Energy Systems reported revenue of ₹299.69 Cr for FY 2025-26 (down 33.8% YoY) based on consolidated financials.
BGR Energy Systems has 6 current directors:
- Arjun Govind Raghupathy - Managing Director
- Sasikala Raghupathy - Director
- Narmadha Dinakaran - Director
- Ganesan Jeyakrishna - Director
- Krishnamoorthi Meyyanathan - Director
- Surilisubbu Vasudevan - Director
The latest financial statements of BGR Energy Systems on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of BGR Energy Systems is L40106AP1985PLC005318. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. BGR Energy Systems is a listed company as per MCA records. Its shares are listed on both BSE (code: 532930) and NSE (symbol: BGRENERGY).
BGR Energy Systems has open charges of ₹10,218 Cr and satisfied charges of ₹20,388 Cr as per latest MCA filings.
BGR Energy Systems has 697 court cases on record: 261 filed by the company and 436 filed against it. 145 are pending. Most are in the high courts.
BGR Energy Systems was incorporated on 18 February 1985. It is registered with the Registrar of Companies, Vijayawada.
BGR Energy Systems has 42 deals on record (40 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹129.6 Cr; the latest was in February 2025.