Bharat Seats Limited - automotive in New Delhi, Delhi, India. FY 2026 financials & compliance.
CIN L34300DL1986PLC023540 Incorporated 06 March 1986 ROC Delhi HQ New Delhi, Delhi, India
Active Listed - NSE: BHARATSE · BSE: 523229 Public Limited Company automotive
Market Cap
₹1,331 Cr
BHARATSE · NSE
Share Price
₹212.04
+0.06% today
Revenue
₹1,951 Cr
FY 2025-26 · +51.4% YoY
EBITDA
₹97.80 Cr
Margin 5.0%
Net Profit
₹43.35 Cr
FY 2025-26 · +33.3% YoY
P/E (TTM)
25.4x
P/B 5.4x
ROE
19.9%
ROCE 19.6%
Debt / Equity
0.62
Interest cover 16.3x

About Bharat Seats Limited

Data last updated:

Bharat Seats Limited is a public limited company based in New Delhi, Delhi, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 06 March 1986 and has been in existence for over 40 years.

Its director Rohit Relan and family are #1,427 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L34300DL1986PLC023540. Its GSTIN is 06AAACB0219M1ZZ (Haryana). The company holds 3 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 523229 and NSE: BHARATSE.

The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹12.56 Cr. It is led by directors including Rohit Relan (Managing Director) and Rishabh Relan (Whole-Time Director).

Its last annual general meeting (AGM) was held on 09 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 1 Nelson Mandela Road Vasant Kunj, New Delhi, Delhi, India – 110070.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹1,950.95 Cr, a growth of 51.4% compared to the previous year. For the same year it recorded a net profit of ₹43.35 Cr (net margin 2.2%) and EBITDA of ₹97.8 Cr (EBITDA margin 5%). The net worth stands at ₹229.66 Cr (up 18% YoY). Total assets are valued at ₹342.53 Cr (down 1.5% YoY).

The company has about 580 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Bharat Seats. As per MCA filings, the company has open charges of ₹145.2 Cr and satisfied charges of ₹318.09 Cr on record. Court records list 43 cases involving the company, including 30 filed by the company and 13 filed against it; 8 cases are pending. The company has 17 deals on record (17 market trades); the latest was in July 2026. Its 3 peer companies in the Automobiles industry (Auto Ancillary), with the same principal business activity (manufacture of motor vehicles, trailers and semi-trailers) are compared by revenue, 2 larger and 1 smaller; the largest is Highway Roop Industries Limited with revenue of ₹1,316.48 Cr. The company has 13 MSME Form 1 returns on record between 2017 and 2022, listing 387 overdue payments to 24 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bharatseats.com.

Company details

CIN L34300DL1986PLC023540
Registration Number 023540
Incorporation Date 06 March 1986
ROC Delhi
Listing Status Listed - Listed on NSE (BHARATSE); Listed on BSE (523229)
Company Status Active
Compliance Status Active Compliant

Recognitions & Rankings of Bharat Seats

India's Richest People 2026 edition · 1 director · Source: Hurun India

Contact details

Bharat Seats Limited's registered office is in New Delhi, Delhi. Its website is bharatseats.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    1 Nelson Mandela Road Vasant Kunj, New Delhi, Delhi, India – 110070
  • Industry
    Automotive, Auto Parts & Components

To see the full contact details of Bharat Seats Limited, buy the company report.

Comprehensive company report
Bharat Seats 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Bharat Seats operates one associated brand: Bharat Seats. Each brand links to its own profile.

BrandDescriptionWebsite
Seating systems and interior components for vehicles are manufactured.bharatseats.com

Business activity

The main business activity of Bharat Seats is manufacturing. In detail, this covers manufacture of motor vehicles, trailers and semi-trailers.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturing29Manufacture of motor vehicles, trailers and semi-trailers

To see the full business activity and turnover split of Bharat Seats Limited, buy the company report.

Financials of Bharat Seats Limited

FY 2025-26 filings available

Bharat Seats Limited reported revenue of ₹1,950.95 Cr (up 51.4% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹1,951 Cr
+51.4% YoY
EBITDA
₹97.80 Cr
+29.6% YoY
Profit After Tax
₹43.35 Cr
+33.3% YoY
Net Worth
₹230 Cr
+18.0% YoY
Total Assets
₹343 Cr
-1.5% YoY
Total Debt
₹110 Cr
-27.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,9511,2891,0671,051818548589
Revenue growth+51.4%+20.8%+1.5%+28.6%+49.3%-7.0%-
EBITDA97.8075.4560.8046.2332.1626.8535.82
EBITDA margin+5.0%+5.9%+5.7%+4.4%+3.9%+4.9%+6.1%
Profit before tax57.6243.8933.6029.6215.926.6512.22
Net profit43.3532.5124.9121.5411.904.5912.58
Net profit margin+2.2%+2.5%+2.3%+2.1%+1.5%+0.8%+2.1%
EPS (₹)6.725.217.986.863.791.533.99
Balance sheet
Total assets343348327213167152155
Net worth230195167146127117113
Total debt11015216065.7338.9335.1639.80
Cash & bank15.473.120.371.211.131.151.21
Net working capital(32.45)(31.34)(8.28)(6.30)9.71(10.04)(16.54)
Cash flow
Cash from operations10796.1456.7442.5415.6218.7527.66
Cash from investing(47.20)(68.11)(72.63)(59.07)(14.66)(12.24)(33.89)
Cash from financing(47.15)(25.28)15.7216.82(1.60)(6.56)(2.60)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue709578574491459427393306
Revenue growth (YoY)+54.7%+35.3%+46.2%+60.3%+57.8%+42.9%--
Other income0.861.070.570.952.691.071.280.65
Total expenses677550545467436405370288
EBITDA31.8728.1929.6623.7622.6421.7222.7018.58
EBITDA margin+4.5%+4.9%+5.2%+4.8%+4.9%+5.1%+5.8%+6.1%
Depreciation9.849.359.279.029.067.946.766.64
Interest2.262.192.452.232.992.502.102.31
Profit before tax20.6317.7218.5113.4613.2812.3515.1210.28
Tax5.424.515.263.553.393.173.742.69

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 12 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue709578574491459427393306
Revenue growth (YoY)+54.7%+35.3%+46.2%+60.3%+57.8%+42.9%--
Other income0.861.070.570.952.691.071.280.65
Total expenses677550545467436405370288
EBITDA31.8728.1929.6623.7622.6421.7222.7018.58
EBITDA margin+4.5%+4.9%+5.2%+4.8%+4.9%+5.1%+5.8%+6.1%
Depreciation9.849.359.279.029.067.946.766.64
Interest2.262.192.452.232.992.502.102.31
Profit before tax20.6317.7218.5113.4613.2812.3515.1210.28
Tax5.424.515.263.553.393.173.742.69
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,9511,2891,0671,051818548589
Revenue growth+51.4%+20.8%+1.5%+28.6%+49.3%-7.0%-
Other income5.283.594.544.095.272.052.08
Total expenses1,8531,2131,0061,005785521553
Employee cost65.5853.1544.8940.5535.6124.4931.67
EBITDA97.8075.4560.8046.2332.1626.8535.82
EBITDA margin+5.0%+5.9%+5.7%+4.4%+3.9%+4.9%+6.1%
Depreciation35.2926.2424.0017.0717.6117.9822.46
Interest10.178.917.743.633.904.273.22
Profit before tax57.6243.8933.6029.6215.926.6512.22
Tax15.3711.208.538.094.001.84(0.30)
Net profit43.3532.5124.9121.5411.904.5912.58
Net profit margin+2.2%+2.5%+2.3%+2.1%+1.5%+0.8%+2.1%
EPS (₹)6.725.217.986.863.791.533.99
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital12.5612.566.286.286.286.286.28
Reserves & surplus217182161140121110107
Shareholders' funds (net worth)230195167146127117113
Secured loans27.6240.3348.7927.254.6510.8611.27
Unsecured loans82.4811211138.4834.2824.3028.53
Total debt11015216065.7338.9335.1639.80
Total liabilities343348327213167152155
Assets
Gross block646533501400340304317
Net block356283276199147126150
Capital work in progress11.8489.5748.8311.967.7830.1422.12
Investments0.000.000.000.000.000.000.00
Inventories60.2555.4539.7328.8452.9929.7020.57
Sundry debtors26319710396.5111182.6036.09
Cash & bank balances15.473.120.371.211.131.151.21
Loans & advances16.417.3619.425.198.848.693.99
Total current assets35626316313217412261.86
Total current liabilities38829417113816413278.40
Net working capital(32.45)(31.34)(8.28)(6.30)9.71(10.04)(16.54)
Total assets343348327213167152155
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash2.960.210.370.080.720.789.60
Net cash from operating activities10796.1456.7442.5415.6218.7527.66
Net cash from investing activities(47.20)(68.11)(72.63)(59.07)(14.66)(12.24)(33.89)
Net cash from financing activities(47.15)(25.28)15.7216.82(1.60)(6.56)(2.60)
Net change in cash12.352.75(0.17)0.29(0.64)(0.05)(8.83)
Closing cash15.473.120.371.211.131.151.21
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+51.4%+20.8%+1.5%+28.6%+49.3%-7.0%-
EBITDA growth+29.6%+24.1%+31.5%+43.8%+19.8%-25.0%-
PBT growth+31.3%+30.6%+13.4%+86.1%+139.4%-45.6%-60.9%
Net income growth+33.3%+30.5%+15.7%+81.0%+159.3%-63.5%-
Revenue CAGR (3Y)+22.9%+16.4%+24.9%+21.3%-3.3%-17.4%-11.2%
EBITDA CAGR (3Y)+28.4%+32.9%+31.3%+8.9%-13.4%-25.4%-1.0%
Profitability & leverage
Net income margin+2.2%+2.5%+2.4%+2.1%+1.5%+0.9%+2.1%
Return on capital employed+19.6%+15.7%+15.3%+17.5%+12.4%+7.1%+10.6%
Return on net worth+19.9%+18.1%+16.0%+15.8%+9.8%+4.2%+11.5%
Debt / equity0.620.860.720.380.300.330.31
Long-term debt / equity0.490.650.490.260.250.240.23
Interest cover16.2718.1121.0312.4526.8048.1424.10
Efficiency & per share
Fixed asset turnover3.312.492.372.842.541.771.92
Inventory turnover33.7227.0831.1225.6919.7821.7927.72
Debtors turnover8.488.5910.6810.148.469.2310.33
EPS (₹)6.725.217.986.863.791.533.99
Dividend per share (₹)1.501.101.601.400.800.500.50
Book value per share (₹)36.5730.9853.1346.6040.4937.1436.08

To see the full year-wise statements and ratios of Bharat Seats Limited, buy the company report.

Board of directors of Bharat Seats Limited

Bharat Seats has 10 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rohit RelanManaging Director06 Mar 198640 Years 8 MonthsCurrent
Nisha MalhotraDirector28 Jan 20224 Years 9 MonthsCurrent
Rishabh RelanWhole-Time Director04 Feb 20215 Years 9 MonthsCurrent
Venkat Raman ChallaNominee Director18 Jul 201511 Years 3 MonthsCurrent
Rajiv AroraWhole-Time Director02 Aug 20242 Years 3 MonthsCurrent
Sarthak BehuriaDirector25 Sep 20242 Years 1 MonthsCurrent
Showing 6 of 10 current directors. View all directors

Peer comparison

Bharat Seats Limited is compared with the 3 companies closest to it by revenue in the Automobiles industry (Auto Ancillary), with the same principal business activity (manufacture of motor vehicles, trailers and semi-trailers), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Bharat Seats Limitedthis company₹1,950.95 Cr (FY 2026)₹43.35 Cr2.2%51.4%580New Delhi, Delhi, India
Highway Roop Industries Limited₹1,316.48 Cr (FY 2025)6.0%Ludhiana, Punjab, India
Dr Axion India Private Limited₹1,301.74 Cr (FY 2025)4.0%Thiruvallur, Tamil Nadu, India
Autocomp Corporation Panse Private Limited₹1,288.22 Cr (FY 2024)24.0%Pune, Maharashtra, India

To see the full peer comparison of Bharat Seats Limited, buy the company report.

Auditor

Bharat Seats Limited is audited by S. R. Batliboi And Co., L.L.P for the financial year 2025.

Auditor firmFinancial yearFirm registration number
S. R. Batliboi And Co., L.L.PFY 2025301003E/E300005

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 74.70%, foreign institutional investors hold 0.20%, domestic institutional investors hold 0.20% and retail and other public shareholders hold 25.00%.

Promoters: 74.70%DII (Domestic Institutional): 0.20%FII (Foreign Institutional): 0.20%Retail & Others: 25.00%
Sep 2026
QUARTER
74.70% Promoters
0.20% DII (Domestic Institutional)
0.20% FII (Foreign Institutional)
25.00% Retail & Others
Promoter holding - history
Now 74.70% · Sep 2026High 74.70% · Dec 2025Low 74.70% · Dec 2025
73%73.8%74.5%75.3%76%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 74.70%Mar 2026: 74.70%Jun 2026: 74.70%Sep 2026: 74.70%74.70%74.70%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters74.70%74.70%74.70%74.70%
Public25.30%25.30%25.30%25.30%

Charges & borrowings

Open charges
₹145.2 Cr
Satisfied charges
₹318.09 Cr
Breakdown by lending institutions
Others₹87.60 Cr
Hdfc Bank Limited₹57.60 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
12 Mar 2024100893754Others₹30 CrOpen
13 Feb 2024100871408Hdfc Bank Limited₹30 CrOpen
23 Mar 2023100706704Others₹20 CrOpen
12 Mar 2022100556878Others₹37.6 CrOpen
06 Jun 2017100105272Hdfc Bank Limited₹27.6 CrOpen

To see the full charge records of Bharat Seats Limited, buy the company report.

Total charge records: 31 View all charges

Deals & funding

Bharat Seats Limited has 17 deals on record (17 market trades); the latest was in July 2026.

Total deals
17
Market trades
17

Deals on record (5 of 17)

To see the full deal history of Bharat Seats Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Bharat Seats Limited was last rated by Icra on 26 Nov 2021.

Rating agencyRated onRating
Icra26 Nov 2021

To see the full credit ratings and regulatory alerts of Bharat Seats Limited, buy the company report.

MSME payment delays

Bharat Seats Limited has 13 MSME Form 1 returns on record between 2017 and 2022, listing 387 overdue payments to 24 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 24)

SupplierAmount dueDue sinceReported on
an individual supplier
Goodie International Private Limited
an individual supplier
an individual supplier
Alankit Assignments Limited

To see the full MSME payment records of Bharat Seats Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Bharat Seats has 2 joint ventures. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

2
Joint ventures

Employees & EPFO

Bharat Seats Limited has a workforce of 580 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
580
Active EPFO establishments
1
Employee growth
12.8%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-27580
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Bharat Seats Limited, buy the company report.

GST

Bharat Seats has 3 GST registrations: 2 active and 1 cancelled or inactive.

Total GSTINs
3
Active
2
Cancelled / inactive
1
GSTINStateStatusRegistered on
06AAACB0219M1ZZHaryanaActive01 Jul 2017
24AAACB0219M1Z1GujaratActive12 Feb 2018

To see the full GST registrations and return filing status of Bharat Seats Limited, buy the company report.

Recent activity

Bharat Seats Limited has 50 board changes on record since 1986: 30 appointments and 20 cessations. The latest: Arvind Varma ceased to be Director on 20 Oct 2024.

Filing
Bharat Seats Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi I.
AGM
Bharat Seats Limited last Annual general meeting of members was held on 09 Jul 2025 as per latest MCA records.
Ceased
Arvind Varma ceased to be Director.
Charges
A charge with Others of Rs. 30.00 Cr registered on 12 Mar 2024 with Charge ID 100893754 was modified on 17 Oct 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 30.00 Cr registered on 13 Feb 2024 with Charge ID 100871408 was modified on 17 Oct 2024.
Appointed
Sarthak Behuria was appointed as Director.
Appointed
Rajiv Arora was appointed as Whole-Time Director.
Ceased
Shyamla Khera ceased to be Director.
Appointed
Vanita Chhabra was appointed as Director.
Appointed
Sanjay Bhattacharyya was appointed as Director.
Appointed
Sudhir Maheshwari was appointed as Director.
Ceased
Girish Narain Mehra ceased to be Director.

116 earlier events are in the company report.

News

BHARATSE: Q2 STANDALONE NET PROFIT 152M RUPEES VS 99M (YOY)
05 Nov 2026 · Exchange Update
BHARATSE: Q2 SL NET PROFIT 152M RUPEES VS 99M (YOY)
27 Oct 2026 · Exchange Update
BHARATSE: Q2 EBITDA 318M RUPEES VS 226.4M (YOY); Q2 EBITDA MARGIN 4.5% VS 4.94% (YOY)
27 Oct 2026 · Exchange Update
BHARATSE: Q2 REVENUE 7.09B RUPEES VS 4.59B (YOY)
27 Oct 2026 · Exchange Update
Bharat Seats: Appoints Maruti Suzuki's Vipin Garg As Nominee Director And Rico Auto's Arvind Kapur As Independent Director.
09 Oct 2026 · Exchange Update

Frequently asked questions

Bharat Seats is an active public limited company based in New Delhi, Delhi, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 06 March 1986 (40+ years old) and is registered under CIN L34300DL1986PLC023540. Listed on BSE: 523229 and NSE: BHARATSE.

Bharat Seats reported revenue of ₹1,950.95 Cr for FY 2025-26 (up 51.4% YoY) based on standalone financials.

Bharat Seats has 10 current directors:

The latest financial statements of Bharat Seats on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 09 July 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Bharat Seats is 06AAACB0219M1ZZ, registered in Haryana. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAACB0219M1Z1 (Gujarat).

The CIN (Corporate Identification Number) of Bharat Seats is L34300DL1986PLC023540. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Bharat Seats is a listed company as per MCA records. Its shares are listed on both BSE (code: 523229) and NSE (symbol: BHARATSE).

Bharat Seats has 43 court cases on record: 30 filed by the company and 13 filed against it. 8 are pending. Most are in the high courts.

Bharat Seats was incorporated on 06 March 1986, making it 40+ years old. It is registered with the Registrar of Companies, Delhi.

Bharat Seats has 17 deals on record (17 market trades); the latest was in July 2026.

The peers of Bharat Seats by revenue are Highway Roop Industries Limited, Dr Axion India Private Limited, Autocomp Corporation Panse Private Limited, all in the Automobiles industry (Auto Ancillary), with the same principal business activity (manufacture of motor vehicles, trailers and semi-trailers).

Arvind Varma ceased to be Director on 20 Oct 2024. Sarthak Behuria was appointed as Director on 25 Sep 2024. Rajiv Arora was appointed as Whole-Time Director on 02 Aug 2024. Bharat Seats has 50 board changes on record in total.