Bharat Gears Limited

NSEI:BHARATGEAR Stock Report

Market Cap: ₹1.7b

Bharat Gears Management

Management criteria checks 3/4

Bharat Gears' CEO is SPK Kanwar, appointed in Jan 2025, has a tenure of less than a year. total yearly compensation is ₹26.19M, comprised of 76.4% salary and 23.6% bonuses, including company stock and options. directly owns 37% of the company’s shares, worth ₹621.50M. The average tenure of the management team and the board of directors is 15.4 years and 6 years respectively.

Key information

SPK Kanwar

Chief executive officer

₹26.2m

Total compensation

CEO salary percentage76.38%
CEO tenureless than a year
CEO ownership37.0%
Management average tenure15.4yrs
Board average tenure6yrs

Recent management updates

Recent updates

Bharat Gears Limited (NSE:BHARATGEAR) Shares Fly 27% But Investors Aren't Buying For Growth

Sep 25
Bharat Gears Limited (NSE:BHARATGEAR) Shares Fly 27% But Investors Aren't Buying For Growth

Bharat Gears Limited (NSE:BHARATGEAR) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough

Feb 19
Bharat Gears Limited (NSE:BHARATGEAR) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough

A Look At The Intrinsic Value Of Bharat Gears Limited (NSE:BHARATGEAR)

Dec 23
A Look At The Intrinsic Value Of Bharat Gears Limited (NSE:BHARATGEAR)

Calculating The Fair Value Of Bharat Gears Limited (NSE:BHARATGEAR)

Aug 22
Calculating The Fair Value Of Bharat Gears Limited (NSE:BHARATGEAR)

If EPS Growth Is Important To You, Bharat Gears (NSE:BHARATGEAR) Presents An Opportunity

Jul 27
If EPS Growth Is Important To You, Bharat Gears (NSE:BHARATGEAR) Presents An Opportunity

The Strong Earnings Posted By Bharat Gears (NSE:BHARATGEAR) Are A Good Indication Of The Strength Of The Business

Nov 09
The Strong Earnings Posted By Bharat Gears (NSE:BHARATGEAR) Are A Good Indication Of The Strength Of The Business

Shareholders May Not Be So Generous With Bharat Gears Limited's (NSE:BHARATGEAR) CEO Compensation And Here's Why

Sep 15
Shareholders May Not Be So Generous With Bharat Gears Limited's (NSE:BHARATGEAR) CEO Compensation And Here's Why

Estimating The Intrinsic Value Of Bharat Gears Limited (NSE:BHARATGEAR)

May 19
Estimating The Intrinsic Value Of Bharat Gears Limited (NSE:BHARATGEAR)

How Much Is Bharat Gears Limited (NSE:BHARATGEAR) Paying Its CEO?

Jan 26
How Much Is Bharat Gears Limited (NSE:BHARATGEAR) Paying Its CEO?

CEO Compensation Analysis

How has SPK Kanwar's remuneration changed compared to Bharat Gears's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

₹3m

Jun 30 2025n/an/a

₹66m

Mar 31 2025₹26m₹20m

₹32m

Dec 31 2024n/an/a

-₹3m

Sep 30 2024n/an/a

₹45m

Jun 30 2024n/an/a

-₹108m

Mar 31 2024₹26m₹20m

-₹97m

Dec 31 2023n/an/a

-₹72m

Sep 30 2023n/an/a

₹9m

Jun 30 2023n/an/a

₹84m

Mar 31 2023₹26m₹20m

₹135m

Dec 31 2022n/an/a

₹180m

Sep 30 2022n/an/a

₹216m

Jun 30 2022n/an/a

₹238m

Mar 31 2022₹13m₹10m

₹258m

Dec 31 2021n/an/a

₹232m

Sep 30 2021n/an/a

₹218m

Jun 30 2021n/an/a

₹118m

Mar 31 2021₹12m₹10m

-₹77m

Dec 31 2020n/an/a

-₹126m

Sep 30 2020n/an/a

-₹254m

Jun 30 2020n/an/a

-₹249m

Mar 31 2020₹26m₹20m

-₹188m

Dec 31 2019n/an/a

-₹162m

Sep 30 2019n/an/a

-₹35m

Jun 30 2019n/an/a

₹21m

Mar 31 2019₹20m₹15m

₹125m

Compensation vs Market: SPK's total compensation ($USD293.10K) is above average for companies of similar size in the Indian market ($USD45.79K).

Compensation vs Earnings: SPK's compensation has been consistent with company performance over the past year.

CEO

SPK Kanwar (73 yo)

less than a year
Tenure
₹26,186,000
Compensation

Mr. Surinder Paul Kanwar B.Com, also known as SPK, B.Com., has been the Managing Director of Bharat Gears Ltd since 1990. Mr. Kanwar has been Managing Director of Raunaq lnternational Limited (formerly kno...

Leadership Team

NamePositionTenureCompensationOwnership
Surinder Kanwar
Executive Chairman & MDless than a year₹26.19m37%
₹ 621.5m
Sameer Kanwar
Joint MD & Executive Director no data₹17.80mno data
Milind Pujari
Chief Financial Officer17.6yrs₹7.29mno data
Naresh Verma
Corporate Head of Human Resources & Operationsno data₹5.07mno data
Prashant Khattry
Corporate Head of Legal15.4yrs₹2.82mno data
Jagdeep Sachdeva
Business Head of After Marketno data₹6.74mno data
Kiran Deshpande
Head of OE Marketing & Business Developmentno data₹2.48mno data
Shivaji Patil
Head of Operations - Mumbra Plantno data₹2.41mno data
Vivek Pai
Head of Furnace Divisionno datano datano data
Sandeep Gandre
Head of Operations - Lonand Plantno data₹2.36mno data
Kamal Miglani
Senior Process Head of Finance & Accountsno data₹1.86mno data
Kiran Rai
Head of OE of Marketing & Business Developmentno datano datano data
15.4yrs
Average Tenure
65yo
Average Age

Experienced Management: BHARATGEAR's management team is seasoned and experienced (15.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Surinder Kanwar
Executive Chairman & MD43.2yrs₹26.19m37%
₹ 621.5m
Sameer Kanwar
Joint MD & Executive Director 23.8yrs₹17.80mno data
Wolfgang Schilha
Non-Executive Independent Director39.8yrs₹650.00kno data
Nagar Srinivasan
Non-Executive Independent Director8yrs₹515.00kno data
Raman Nanda
Non-Executive Independent Director3.9yrs₹725.00kno data
Bharat Dev Kanwar
Additional Non-Executive Independent Directorless than a yearno datano data
Satya Mangal
Additional Non-Executive Independent Directorless than a yearno datano data
Kavita Jha
Non-Executive lndependent Director1yr₹225.00kno data
6.0yrs
Average Tenure
69yo
Average Age

Experienced Board: BHARATGEAR's board of directors are considered experienced (6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/30 21:44
End of Day Share Price 2025/11/28 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bharat Gears Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anil BurraFirstCall Research
Bikshapathi A.FirstCall Research