BHARAT GEARS

Latest data As On
Latest Equity
Latest Reserve
Latest Bookvalue (Unit Curr.)
Latest EPS (Unit Curr.)
Latest Market Price (Unit Curr.)
Latest P/E Ratio
52 Week High (Unit Curr.) ( 08/07/2002 )
52 Week Low (Unit Curr.) ( 13/02/2002 )
Market Capitalisation
Stock Exchange
Dividend Yield (%)

9/12/02
6.01
9.89
26.5
0
9.8
0
18.9
6.25
5.89
BSE,NSE
0

Share Holding (30.09.02)

No of Shares %
Total Foreign
1563617
26
Total Institutions
860468
14.31
(MF & UTI 0.17%,LIC 8.64%,New India Assurance 2.73%)
Pvt.Corp.Bodies
262118
4.36
Total Promoters
1945309
32.34
Total Public & Others
1382206
22.98
Totals
6013718
100
Price Movements:(High/Low in calender Yrs.)
2002
18.9 - 6.25
2001
15.9 - 5.4
2000
25.5 - 12.2
Avg.Daily traded vol. 800 shares

Bharat Gears Ltd(BGL), promoted by Bharat Steel Tubes and Raunaq & Company in collaboration with ZF
Friedrichshafen, Germany, was incorporated in 1971 to manufacture automotive gears. The foreign collaborator holds
25.99 % stake in the company.
BGL has two division i.e Automotive gears division and Industrial Furnaces division with the former contributing around
92% of the turnover and the later the balance.
The automotive gears division manufactures a wide range of gears - hypoid, spiral gears and differential gears, which go
into axle assemblies and parallel axes gears and shafts, which make up the gear box assemblies. This division supplies to
OEMS in tractors, trucks & Bus and Utility vehicle industries. The company also serves the replacement market and
exports to overseas market.
BGL's two gear manufacturing units were located at Mumbra(Thane Dt), Maharashtra and Faridabad, Haryana. The
Faridabad unite which has commenced commercial operation on May 1, 2000 will initially cater to the northern markets.
BGL has entered into an collaboration with Holcroft, US, for specialised heat-treatment furnaces.
BGL was awarded the ISO 9002 certification in Oct.'94. Subsequently the certification was updated in Jan 95 by BVQI,
The company has achieved QS 9000 accreditation for its Mumbra Plant for implementing continuous improvement,
during the year 1999-2000.
FINANCIAL OVERVIEW
Equity Paid Up
Networth
Capital Employed
Gross Block
Sales
PBIDT
PBDT
PBIT
PBT
PAT
CP
Book Value (Unit Curr)
CEPS (annualised) (Unit Curr)
EPS (annualised) (Unit Curr)
Dividend (annualised%)
Key Ratios
Debt-Equity Ratio
Long Term Debt-Equity Ratio
Current Ratio
Turnover Ratios
Fixed Assets Ratio
Inventory Ratio
Debtors Ratio
ROCE (%)
RONW (%)
QTRLY RESULTS(Rs.in crs.)
Gross Sales

200012
37.68

199803
4.82
34.06
69.7
75.84
115.57
18.22
12.51
14.45
8.74
6.59
10.36
70.66
21.27
13.44
22

199903
6.01
34.91
76.29
90.65
133.36
17.96
11.35
13.06
6.45
5.71
10.61
58.09
17.44
9.28
22

200003
6.01
36.87
108.22
96.24
134.39
15.84
9.57
10.22
3.95
3.15
8.77
61.35
13.63
4.28
10

200103
6.01
34.13
97.67
143.67
130.11
16.49
6.2
6.79
-3.5
-2.23
7.47
56.79
11.56
0
0

200203
6.01
15.9
77.34
145.75
83.27
-0.57
-10.29
-8.92
-18.64
-13.7
-5.35
26.46
-8.9
0
0

0.92
0.91
2.01

1.12
0.92
1.5

1.4
1.23
1.33

1.6
1.6
1.39

2.19
2.19
1.08

1.66
6.17
4.39
24.07
21.02
200103 200106
35.35
19.95

1.6
7.05
4.69
17.9
16.56
200109
18.31

1.44
7.01
5.06
11.09
7.66
200112 200203
12.28
33.66

1.08
6.64
4.92
6.6
-7.49
200206
26.19

0.58
4.7
3.46
0
0
200209
30.23

Excise Duty
Net Sales
Other Income
Total Income
Total Expenditure
PBIDT
Interest
PBDT
Depreciation
Tax
Deferred Tax
PAT
Equity
EPS (Unit Curr.)
PROFIT AND LOSS A/C
Sales Turnover
Excise Duty
Net Sales
Cost of Goods sold
Operating Profits
Other Income
EBIDTA
Interest & Financial Charges
EBDTA
Depreciation
PBT
Tax
PAT
Share Capital
EPS
Equity Dividend (%)
BALANCE SHEET
SOURCES OF FUNDS :
Share Capital -Equity
Reserves & Surplus
Total Shareholders Funds
Preference Capital
Secured Loans
Unsecured Loans
Total Debt
Total Liabilities
APPLICATION OF FUNDS :
Gross Block
Less : Accum. Depreciation
Net Block
Capital Work in Progress
Investments
Current Assets, Loans & Advances
Inventories
Sundry Debtors
Cash and Bank Balance
Loans and Advances
Less : Current Liab. & Prov.
Current Liabilities
Provisions
Net Current Assets
Miscellaneous Expenses not w/o
Total Assets
Contingent Liabilities

2.83
34.85
0.25
35.1
29.64
5.46
2.76
2.7
2.6
0
0
0.1
6.01
0

4.88
30.47
1.16
31.63
26.62
5.01
2.31
2.7
2.42
-1.27
0
1.55
6.01
2.42

2.26
17.69
0.15
17.84
18.09
-0.25
2.25
-2.5
2
0
0
-4.5
6.01
0

2.79
15.52
0.63
16.15
18.02
-1.87
2.5
-4.37
2.04
-3.9
0
-2.51
6.01
0

1.57
10.71
0.2
10.91
11.76
-0.85
2.25
-3.1
2.01
0
0
-5.11
6.01
0

4.82
28.84
1.41
30.25
27.85
2.4
2.72
-0.32
2.3
-0.37
-0.67
-1.58
6.01
0

3.35
22.84
0.25
23.09
19.66
3.43
2.4
1.03
2.3
0
0
-1.27
6.01
0

3.66
26.57
2.58
29.15
24.66
4.49
2.85
1.64
2.25
0.07
0
-0.68
6.01
0

199803 (12) 199903 (12) 200003 (12) 200103 (12) 200203 (12)
115.57
133.36
134.39
130.11
83.27
10.61
13.73
13.73
13.16
11.26
104.96
119.63
120.66
116.95
72.01
89.22
105.85
107.12
106.47
75.9
15.74
13.78
13.54
10.48
-3.89
2.48
4.18
2.3
6.01
3.32
18.22
17.96
15.84
16.49
-0.57
5.71
6.61
6.27
10.29
9.72
12.51
11.35
9.57
6.2
-10.29
3.77
4.9
5.62
9.7
8.35
8.74
6.45
3.95
-3.5
-18.64
2.15
0.74
0.8
-1.27
-4.94
6.59
5.71
3.15
-2.23
-13.7
4.82
6.01
6.01
6.01
6.01
13.67
9.50
5.24
-3.71
-22.80
22
22
10
0
0
199803
199903
200003
200103
200203
4.82
31.32
36.14
0
33.18
2.46
35.64
71.78

6.01
37.34
43.35
0
39.22
2.16
41.38
84.73

6.01
39.1
45.11
5
64.69
1.66
66.35
116.46

6.01
36.15
42.16
3.25
59.23
1.06
60.29
105.7

6.01
17.78
23.79
1.5
58.41
1.53
59.94
85.23

77.92
41.92
36
1.43
1.7

99.09
44.47
54.62
8.22
1.44

104.48
49.88
54.6
39.06
1.44

151.7
59.68
92.02
0.3
1.22

153.64
67.9
85.74
0.1
1.01

19.12
28.79
8.85
5.71

18.71
28.14
4.86
5.64

19.63
25.02
5.52
8.27

19.58
27.83
2.63
10.45

15.85
20.33
3.09
17.07

28.13
1.69
32.65
0
71.78
7.24

34.58
2.36
20.41
0.04
84.73
7.86

34.52
2.65
21.27
0.09
116.46
8.88

46.47
1.94
12.08
0.08
105.7
3.43

58.88
1.35
-3.89
2.27
85.23
1.69