BGR Energy Systems Ltd
NSE: BGRENERGY BSE: 532930Energy
Incorporated in 1985, BGR Energy Systems Ltd in the business of Supply of systems and Equipment and Turnkey Engineering project contracting[1]
₹257
52W: ₹94 — ₹491
PE 0 · Book ₹228 · +13% vs bookMarket Cap₹1,854 Cr
Stock P/E—Price to Earnings
ROCE20.8%Return on Capital
ROE0%Return on Equity
Div. Yield0%Face Value ₹10
Weaknesses
- −Company has low interest coverage ratio.
- −The company has delivered a poor sales growth of -30.0% over past five years.
- −Contingent liabilities of Rs.990 Cr.
- −Promoters have pledged 58.8% of their holding.
- −Company has high debtors of 289 days.
- −Promoter holding has decreased over last 3 years: -24.0%
Shareholding Pattern
Promoters51.01%
FIIs0.1%
DIIs0%
Public48.89%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 51.01% | 51.01% | 51.01% | 51.01% | 51.01% | 51.01% | 51.01% | 51.01% |
| FIIs | 0.17% | 0.15%▼0.0 | 0%▼0.1 | 0.02%▲0.0 | 0.01%▼0.0 | 0.09%▲0.1 | 0.05%▼0.0 | 0.1%▲0.1 |
| DIIs | 0.26% | 0.26% | 0.26% | 0.14%▼0.1 | 0.14% | 0%▼0.1 | 0% | 0% |
| Public | 48.57% | 48.59%▲0.0 | 48.73%▲0.1 | 48.83%▲0.1 | 48.86%▲0.0 | 48.9%▲0.0 | 48.95%▲0.1 | 48.89%▼0.1 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 235 | 462 | 170 | 174 | 83 | 66 | 129 | 89 | 83 | 78 |
| Expenses | 263 | 907 | 4 | 175 | 150 | 257 | 422 | 191 | 137 | 263 |
| Operating Profit | -27 | -445 | 166 | -2 | -68 | -191 | -293 | -102 | -54 | -186 |
| OPM % | -12% | -96% | 98% | -1% | -82% | -289% | -227% | -115% | -65% | -239% |
| Net Profit | -106 | -688 | 133 | -118 | -192 | -343 | -328 | -263 | -62 | -193 |
| EPS ₹ | -14.74 | -95.31 | 18.43 | -16.3 | -26.59 | -47.54 | -45.51 | -36.45 | -8.55 | -26.77 |
AI Insights
Revenue Trend
TTM revenue at ₹378Cr, down 16.2% YoY. OPM at -168%.
Debt Position
Borrowings at ₹3,998Cr. Debt-to-equity ratio: N/Ax. High leverage — monitor closely.
Institutional Flow
DIIs: 0% (-0.26pp change). FIIs: 0.1% (+0.07pp change). Promoters hold 51.01%.
Margin & Efficiency
ROCE declining from 11% (Mar 2014) to -21% (Mar 2025). Working capital days: -1143.
Recent Announcements
- Announcement Under Regulation 30 Of SEBI LODR 2015 11 May - GST orders dated 7 May 2026 demand about Rs. 9 crore for FY21, FY22 and FY24; company will appeal.
- Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP) 30 Apr - NCLAT stayed NCLT CIRP admission against BGR Energy; next hearing on 15 June 2026.
- Corporate Insolvency Resolution Process (CIRP)-Public Announcement 28 Apr - BGR Energy’s CIRP public announcement followed NCLT Amaravati order; ads were published on 24 April 2026.
- Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP) 23 Apr - NCLT admitted NARCL’s ₹584.67 crore insolvency petition against BGR Energy Systems; moratorium declared on 17 April 2026.
- Corporate Insolvency Resolution Process (CIRP)-Admission of application by Tribunal 22 Apr - NCLT admitted CIRP against BGR Energy Systems; default amount Rs.584.67 crore, IRP appointed.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse