Share Price and Basic Stock Data
Last Updated: February 3, 2026, 1:59 am
| PEG Ratio | -106.28 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Bharat Forge Ltd, a prominent player in the forgings industry, reported a current market price of ₹1,444 and a market capitalization of ₹69,062 Cr. The company has demonstrated robust revenue growth, with sales increasing from ₹10,461 Cr in FY 2022 to ₹12,910 Cr in FY 2023, and projected to reach ₹15,123 Cr in FY 2025. The quarterly sales figures also reflect this positive trend, peaking at ₹4,164 Cr in March 2024, although a slight decline was noted in subsequent quarters, with sales of ₹3,689 Cr in September 2024. Operating Profit Margin (OPM) stood at 18% for the current period, indicating a consistent ability to manage operational costs effectively. The company’s sales growth is supported by its diversified clientele and expanding export markets, which are crucial in mitigating domestic market risks. Overall, Bharat Forge’s revenue trajectory highlights its resilience and adaptability in a competitive landscape.
Profitability and Efficiency Metrics
The profitability metrics of Bharat Forge Ltd reflect an impressive operational performance, with a Net Profit of ₹1,079 Cr and a Return on Equity (ROE) of 11.6%. The company recorded an Operating Profit of ₹2,692 Cr for FY 2025, translating to an Operating Profit Margin of 18%. Additionally, the Interest Coverage Ratio (ICR) improved to 6.96x, indicating strong earnings relative to its interest obligations. However, the reported profitability is somewhat tempered by high-interest expenses, which increased from ₹299 Cr in FY 2022 to ₹417 Cr in FY 2025. Moreover, the Cash Conversion Cycle (CCC) stood at 138 days, which, while indicative of operational efficiency, suggests room for improvement in inventory and receivables management. The company’s consistent focus on cost control, combined with a disciplined approach to capital allocation, underpins its profitability amidst varying market conditions.
Balance Sheet Strength and Financial Ratios
Bharat Forge’s balance sheet exhibits considerable strength, with Total Assets reported at ₹19,968 Cr and Total Liabilities at ₹19,968 Cr as of FY 2025. The company’s borrowings have been managed prudently, standing at ₹6,698 Cr, which is a decrease from ₹7,313 Cr in FY 2023. The Debt-to-Equity ratio of 0.67x indicates a manageable level of leverage, suggesting a conservative financing strategy. The Book Value per Share increased to ₹193.53, reflecting a solid foundation for shareholder equity. The Return on Capital Employed (ROCE) stood at 12.2%, which aligns well with industry standards, indicating effective utilization of capital. However, the Price-to-Book Value (P/BV) ratio at 6.03x suggests that the stock may be trading at a premium compared to its intrinsic value, which could raise concerns among value-focused investors. Overall, the balance sheet metrics indicate a well-capitalized company poised for sustainable growth.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Bharat Forge Ltd reveals a diverse and stable ownership structure, with promoters holding 44.07% of the equity. Foreign Institutional Investors (FIIs) have reduced their stake to 13.62%, while Domestic Institutional Investors (DIIs) have increased their holdings to 32.11%, reflecting growing confidence among domestic investors. The number of shareholders has risen significantly, reaching 2,49,520 as of September 2025, indicating increasing retail participation. The company’s consistent dividend payout ratio, currently at 44.85%, reinforces its commitment to returning value to shareholders. However, the slight decline in promoter holdings from 45.26% in December 2024 suggests a potential shift in control dynamics, which could impact investor sentiment. Overall, the stable shareholding pattern, combined with a strong dividend history, signals robust investor confidence in Bharat Forge’s long-term prospects.
Outlook, Risks, and Final Insight
Looking ahead, Bharat Forge Ltd is well-positioned to leverage its operational strengths and market opportunities, particularly in the automotive and aerospace sectors. However, the company faces challenges, including rising input costs and fluctuating demand in key markets, which could impact profitability. Additionally, the high levels of borrowings relative to equity may pose risks in a rising interest rate environment. The management’s ability to navigate these risks while maintaining operational efficiency will be crucial for sustaining growth. Should the company continue to enhance its operational metrics and manage financial leverage effectively, it could realize significant upside potential. Conversely, failure to address these challenges could hinder its performance. In conclusion, Bharat Forge’s strong fundamentals provide a solid base, but vigilance towards market dynamics and cost management will be essential for its long-term success.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Happy Forgings Ltd | 9,970 Cr. | 1,057 | 1,194/716 | 36.7 | 208 | 0.28 % | 19.2 % | 15.5 % | 2.00 |
| EL Forge Ltd | 33.2 Cr. | 16.4 | 29.0/12.8 | 18.5 | 12.5 | 0.00 % | 11.2 % | 9.14 % | 10.0 |
| CIE Automotive India Ltd | 15,992 Cr. | 422 | 487/357 | 20.0 | 183 | 1.66 % | 16.6 % | 13.2 % | 10.0 |
| Amic Forging Ltd | 1,362 Cr. | 1,267 | 1,750/850 | 54.0 | 139 | 0.00 % | 27.9 % | 21.8 % | 10.0 |
| Amforge Industries Ltd | 10.2 Cr. | 7.09 | 10.9/6.05 | 24.9 | 9.20 | 0.00 % | 6.53 % | 3.72 % | 2.00 |
| Industry Average | 10,848.80 Cr | 395.07 | 76.99 | 154.81 | 0.30% | 10.77% | 10.71% | 6.13 |
Quarterly Result
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,076 | 3,353 | 3,629 | 3,877 | 3,774 | 3,866 | 4,164 | 4,106 | 3,689 | 3,476 | 3,853 | 3,909 | 4,032 |
| Expenses | 2,645 | 2,914 | 3,191 | 3,282 | 3,153 | 3,169 | 3,521 | 3,365 | 3,042 | 2,853 | 3,174 | 3,239 | 3,308 |
| Operating Profit | 432 | 439 | 438 | 595 | 621 | 698 | 643 | 741 | 647 | 623 | 679 | 670 | 724 |
| OPM % | 14% | 13% | 12% | 15% | 16% | 18% | 15% | 18% | 18% | 18% | 18% | 17% | 18% |
| Other Income | 44 | 37 | 17 | 67 | 51 | 58 | 45 | -99 | 62 | 38 | 57 | 50 | 54 |
| Interest | 53 | 109 | 97 | 114 | 124 | 137 | 116 | 124 | 110 | 96 | 88 | 82 | 80 |
| Depreciation | 188 | 186 | 181 | 206 | 211 | 224 | 207 | 218 | 213 | 218 | 224 | 226 | 241 |
| Profit before tax | 235 | 181 | 177 | 341 | 337 | 395 | 366 | 300 | 385 | 347 | 424 | 411 | 457 |
| Tax % | 40% | 56% | 28% | 37% | 36% | 36% | 38% | 42% | 37% | 39% | 33% | 31% | 34% |
| Net Profit | 142 | 79 | 128 | 214 | 215 | 254 | 227 | 175 | 243 | 213 | 283 | 284 | 299 |
| EPS in Rs | 3.13 | 1.77 | 2.91 | 4.80 | 4.88 | 5.68 | 5.07 | 4.36 | 5.23 | 4.45 | 5.90 | 5.93 | 6.26 |
Last Updated: January 2, 2026, 6:32 am
Below is a detailed analysis of the quarterly data for Bharat Forge Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Sales, as of Sep 2025, the value is 4,032.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,909.00 Cr. (Jun 2025) to 4,032.00 Cr., marking an increase of 123.00 Cr..
- For Expenses, as of Sep 2025, the value is 3,308.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,239.00 Cr. (Jun 2025) to 3,308.00 Cr., marking an increase of 69.00 Cr..
- For Operating Profit, as of Sep 2025, the value is 724.00 Cr.. The value appears strong and on an upward trend. It has increased from 670.00 Cr. (Jun 2025) to 724.00 Cr., marking an increase of 54.00 Cr..
- For OPM %, as of Sep 2025, the value is 18.00%. The value appears strong and on an upward trend. It has increased from 17.00% (Jun 2025) to 18.00%, marking an increase of 1.00%.
- For Other Income, as of Sep 2025, the value is 54.00 Cr.. The value appears strong and on an upward trend. It has increased from 50.00 Cr. (Jun 2025) to 54.00 Cr., marking an increase of 4.00 Cr..
- For Interest, as of Sep 2025, the value is 80.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 82.00 Cr. (Jun 2025) to 80.00 Cr., marking a decrease of 2.00 Cr..
- For Depreciation, as of Sep 2025, the value is 241.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 226.00 Cr. (Jun 2025) to 241.00 Cr., marking an increase of 15.00 Cr..
- For Profit before tax, as of Sep 2025, the value is 457.00 Cr.. The value appears strong and on an upward trend. It has increased from 411.00 Cr. (Jun 2025) to 457.00 Cr., marking an increase of 46.00 Cr..
- For Tax %, as of Sep 2025, the value is 34.00%. The value appears to be increasing, which may not be favorable. It has increased from 31.00% (Jun 2025) to 34.00%, marking an increase of 3.00%.
- For Net Profit, as of Sep 2025, the value is 299.00 Cr.. The value appears strong and on an upward trend. It has increased from 284.00 Cr. (Jun 2025) to 299.00 Cr., marking an increase of 15.00 Cr..
- For EPS in Rs, as of Sep 2025, the value is 6.26. The value appears strong and on an upward trend. It has increased from 5.93 (Jun 2025) to 6.26, marking an increase of 0.33.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 5:34 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,704 | 7,622 | 6,809 | 6,396 | 8,358 | 10,146 | 8,056 | 6,336 | 10,461 | 12,910 | 15,682 | 15,123 | 15,269 |
| Expenses | 5,783 | 6,232 | 5,397 | 5,276 | 6,635 | 8,098 | 6,984 | 5,504 | 8,478 | 11,174 | 13,121 | 12,431 | 12,573 |
| Operating Profit | 921 | 1,390 | 1,413 | 1,121 | 1,723 | 2,048 | 1,072 | 832 | 1,983 | 1,737 | 2,562 | 2,692 | 2,696 |
| OPM % | 14% | 18% | 21% | 18% | 21% | 20% | 13% | 13% | 19% | 13% | 16% | 18% | 18% |
| Other Income | 298 | 226 | 148 | 391 | 46 | 199 | 109 | -138 | 288 | 124 | 217 | 55 | 198 |
| Interest | 169 | 136 | 116 | 100 | 107 | 127 | 171 | 108 | 160 | 299 | 491 | 417 | 346 |
| Depreciation | 357 | 362 | 453 | 452 | 467 | 521 | 548 | 612 | 730 | 736 | 848 | 874 | 909 |
| Profit before tax | 693 | 1,118 | 992 | 960 | 1,196 | 1,599 | 462 | -25 | 1,381 | 827 | 1,439 | 1,456 | 1,639 |
| Tax % | 30% | 32% | 32% | 26% | 37% | 35% | 24% | 399% | 22% | 39% | 37% | 37% | |
| Net Profit | 482 | 760 | 675 | 711 | 754 | 1,033 | 349 | -127 | 1,077 | 508 | 910 | 913 | 1,079 |
| EPS in Rs | 10.71 | 16.38 | 14.57 | 15.13 | 16.38 | 22.17 | 7.51 | -2.71 | 23.23 | 11.35 | 20.43 | 19.69 | 22.54 |
| Dividend Payout % | 21% | 23% | 26% | 25% | 27% | 23% | 47% | -74% | 30% | 62% | 44% | 43% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 57.68% | -11.18% | 5.33% | 6.05% | 37.00% | -66.21% | -136.39% | 948.03% | -52.83% | 79.13% | 0.33% |
| Change in YoY Net Profit Growth (%) | 0.00% | -68.86% | 16.52% | 0.71% | 30.95% | -103.22% | -70.17% | 1084.42% | -1000.86% | 131.97% | -78.80% |
Bharat Forge Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 13% |
| 3 Years: | 13% |
| TTM: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 21% |
| 3 Years: | 1% |
| TTM: | 0% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 18% |
| 3 Years: | 14% |
| 1 Year: | -30% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 11% |
| 3 Years: | 11% |
| Last Year: | 12% |
Last Updated: September 5, 2025, 12:50 am
Balance Sheet
Last Updated: December 4, 2025, 1:02 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 47 | 47 | 47 | 47 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 96 | 96 |
| Reserves | 2,637 | 3,398 | 3,367 | 4,070 | 4,559 | 5,283 | 5,127 | 5,322 | 6,478 | 6,612 | 7,077 | 9,158 | 9,265 |
| Borrowings | 2,561 | 2,546 | 3,375 | 3,124 | 3,257 | 4,029 | 4,469 | 5,271 | 5,972 | 7,313 | 7,948 | 6,698 | 6,658 |
| Other Liabilities | 2,290 | 2,245 | 1,504 | 1,600 | 2,068 | 2,173 | 1,793 | 2,402 | 2,950 | 4,216 | 4,066 | 4,017 | 4,709 |
| Total Liabilities | 7,534 | 8,236 | 8,292 | 8,841 | 9,977 | 11,578 | 11,482 | 13,088 | 15,492 | 18,235 | 19,184 | 19,968 | 20,728 |
| Fixed Assets | 2,534 | 2,629 | 3,134 | 3,277 | 3,500 | 3,625 | 4,002 | 4,750 | 4,870 | 6,161 | 6,309 | 6,627 | 7,273 |
| CWIP | 583 | 870 | 409 | 453 | 344 | 831 | 1,143 | 900 | 1,125 | 701 | 991 | 1,732 | 1,880 |
| Investments | 801 | 496 | 886 | 1,192 | 1,501 | 1,524 | 1,618 | 2,607 | 2,604 | 2,569 | 1,849 | 2,063 | 1,731 |
| Other Assets | 3,617 | 4,242 | 3,863 | 3,919 | 4,632 | 5,599 | 4,720 | 4,831 | 6,893 | 8,804 | 10,034 | 9,547 | 9,843 |
| Total Assets | 7,534 | 8,236 | 8,292 | 8,841 | 9,977 | 11,578 | 11,482 | 13,088 | 15,492 | 18,235 | 19,184 | 19,968 | 20,728 |
Below is a detailed analysis of the balance sheet data for Bharat Forge Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 96.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 96.00 Cr..
- For Reserves, as of Sep 2025, the value is 9,265.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,158.00 Cr. (Mar 2025) to 9,265.00 Cr., marking an increase of 107.00 Cr..
- For Borrowings, as of Sep 2025, the value is 6,658.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 6,698.00 Cr. (Mar 2025) to 6,658.00 Cr., marking a decrease of 40.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 4,709.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,017.00 Cr. (Mar 2025) to 4,709.00 Cr., marking an increase of 692.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 20,728.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 19,968.00 Cr. (Mar 2025) to 20,728.00 Cr., marking an increase of 760.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 7,273.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,627.00 Cr. (Mar 2025) to 7,273.00 Cr., marking an increase of 646.00 Cr..
- For CWIP, as of Sep 2025, the value is 1,880.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,732.00 Cr. (Mar 2025) to 1,880.00 Cr., marking an increase of 148.00 Cr..
- For Investments, as of Sep 2025, the value is 1,731.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,063.00 Cr. (Mar 2025) to 1,731.00 Cr., marking a decrease of 332.00 Cr..
- For Other Assets, as of Sep 2025, the value is 9,843.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,547.00 Cr. (Mar 2025) to 9,843.00 Cr., marking an increase of 296.00 Cr..
- For Total Assets, as of Sep 2025, the value is 20,728.00 Cr.. The value appears strong and on an upward trend. It has increased from 19,968.00 Cr. (Mar 2025) to 20,728.00 Cr., marking an increase of 760.00 Cr..
Notably, the Reserves (9,265.00 Cr.) exceed the Borrowings (6,658.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 919.00 | -1.00 | -2.00 | -2.00 | -2.00 | -2.00 | -3.00 | 827.00 | -4.00 | -6.00 | -5.00 | -4.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 47 | 41 | 75 | 77 | 85 | 77 | 68 | 81 | 75 | 87 | 74 | 70 |
| Inventory Days | 154 | 131 | 142 | 161 | 151 | 160 | 177 | 249 | 235 | 191 | 159 | 198 |
| Days Payable | 157 | 144 | 119 | 127 | 148 | 118 | 105 | 167 | 141 | 132 | 112 | 130 |
| Cash Conversion Cycle | 45 | 28 | 98 | 111 | 88 | 119 | 140 | 163 | 169 | 147 | 121 | 138 |
| Working Capital Days | -5 | 40 | 11 | -8 | 6 | 15 | -15 | -49 | -24 | -39 | -46 | -27 |
| ROCE % | 15% | 21% | 17% | 13% | 18% | 20% | 7% | 3% | 11% | 8% | 13% | 12% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| HDFC Defence Fund | 6,658,981 | 13.25 | 979.14 | N/A | N/A | N/A |
| Kotak Flexicap Fund | 6,600,000 | 1.72 | 970.46 | N/A | N/A | N/A |
| SBI Large & Midcap Fund | 6,500,000 | 2.55 | 955.76 | N/A | N/A | N/A |
| HDFC Mid Cap Fund | 6,436,155 | 1.02 | 946.37 | N/A | N/A | N/A |
| Mirae Asset Large & Midcap Fund | 5,668,866 | 1.9 | 833.55 | 5,511,149 | 2026-01-26 05:49:18 | 2.86% |
| Nippon India Growth Mid Cap Fund | 5,444,007 | 1.9 | 800.49 | N/A | N/A | N/A |
| SBI Midcap Fund | 4,500,000 | 2.84 | 661.68 | N/A | N/A | N/A |
| Kotak Midcap Fund | 4,225,903 | 1.02 | 621.38 | N/A | N/A | N/A |
| Mirae Asset Midcap Fund | 4,025,811 | 3.22 | 591.96 | 3,893,318 | 2026-01-26 05:49:18 | 3.4% |
| Kotak Large & Midcap Fund | 3,400,000 | 1.66 | 499.94 | 3,600,000 | 2025-12-15 09:02:03 | -5.56% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Basic EPS (Rs.) | 20.05 | 20.43 | 11.35 | 23.23 | -2.71 |
| Diluted EPS (Rs.) | 20.05 | 20.43 | 11.35 | 23.23 | -2.71 |
| Cash EPS (Rs.) | 37.45 | 37.65 | 27.43 | 39.52 | 11.06 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 193.53 | 153.88 | 144.78 | 142.32 | 116.98 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 193.53 | 153.88 | 144.78 | 142.32 | 116.98 |
| Revenue From Operations / Share (Rs.) | 316.29 | 336.79 | 277.26 | 224.66 | 136.08 |
| PBDIT / Share (Rs.) | 60.81 | 59.82 | 41.67 | 47.50 | 22.13 |
| PBIT / Share (Rs.) | 42.54 | 41.60 | 25.87 | 31.82 | 8.99 |
| PBT / Share (Rs.) | 30.53 | 30.79 | 18.48 | 30.36 | 0.09 |
| Net Profit / Share (Rs.) | 19.18 | 19.43 | 11.64 | 23.84 | -2.08 |
| NP After MI And SOA / Share (Rs.) | 19.68 | 20.43 | 11.35 | 23.23 | -2.71 |
| PBDIT Margin (%) | 19.22 | 17.76 | 15.02 | 21.14 | 16.26 |
| PBIT Margin (%) | 13.45 | 12.35 | 9.33 | 14.16 | 6.60 |
| PBT Margin (%) | 9.65 | 9.14 | 6.66 | 13.51 | 0.07 |
| Net Profit Margin (%) | 6.06 | 5.76 | 4.19 | 10.61 | -1.53 |
| NP After MI And SOA Margin (%) | 6.22 | 6.06 | 4.09 | 10.34 | -1.99 |
| Return on Networth / Equity (%) | 10.17 | 13.26 | 7.87 | 16.46 | -2.33 |
| Return on Capital Employeed (%) | 17.86 | 19.23 | 11.92 | 15.60 | 4.83 |
| Return On Assets (%) | 4.68 | 4.91 | 2.87 | 6.93 | -0.95 |
| Long Term Debt / Equity (X) | 0.14 | 0.25 | 0.26 | 0.27 | 0.40 |
| Total Debt / Equity (X) | 0.67 | 1.05 | 1.02 | 0.86 | 0.84 |
| Asset Turnover Ratio (%) | 0.76 | 0.83 | 0.50 | 0.48 | 0.32 |
| Current Ratio (X) | 1.18 | 1.08 | 1.09 | 1.30 | 1.38 |
| Quick Ratio (X) | 0.76 | 0.73 | 0.70 | 0.85 | 0.97 |
| Inventory Turnover Ratio (X) | 4.45 | 2.25 | 1.69 | 1.82 | 1.15 |
| Dividend Payout Ratio (NP) (%) | 44.85 | 39.16 | 61.68 | 6.45 | 0.00 |
| Dividend Payout Ratio (CP) (%) | 23.26 | 20.70 | 25.78 | 3.85 | 0.00 |
| Earning Retention Ratio (%) | 55.15 | 60.84 | 38.32 | 93.55 | 0.00 |
| Cash Earning Retention Ratio (%) | 76.74 | 79.30 | 74.22 | 96.15 | 0.00 |
| Interest Coverage Ratio (X) | 6.96 | 5.67 | 6.50 | 13.79 | 9.57 |
| Interest Coverage Ratio (Post Tax) (X) | 3.57 | 2.87 | 2.97 | 7.34 | 2.94 |
| Enterprise Value (Cr.) | 60755.44 | 58418.42 | 41707.44 | 37790.52 | 31897.42 |
| EV / Net Operating Revenue (X) | 4.02 | 3.73 | 3.23 | 3.61 | 5.03 |
| EV / EBITDA (X) | 20.89 | 20.97 | 21.49 | 17.09 | 30.95 |
| MarketCap / Net Operating Revenue (X) | 3.69 | 3.35 | 2.78 | 3.12 | 4.38 |
| Retention Ratios (%) | 55.14 | 60.83 | 38.31 | 93.54 | 0.00 |
| Price / BV (X) | 6.03 | 7.33 | 5.35 | 4.97 | 5.13 |
| Price / Net Operating Revenue (X) | 3.69 | 3.35 | 2.78 | 3.12 | 4.38 |
| EarningsYield | 0.01 | 0.01 | 0.01 | 0.03 | 0.00 |
After reviewing the key financial ratios for Bharat Forge Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 20.05. This value is within the healthy range. It has decreased from 20.43 (Mar 24) to 20.05, marking a decrease of 0.38.
- For Diluted EPS (Rs.), as of Mar 25, the value is 20.05. This value is within the healthy range. It has decreased from 20.43 (Mar 24) to 20.05, marking a decrease of 0.38.
- For Cash EPS (Rs.), as of Mar 25, the value is 37.45. This value is within the healthy range. It has decreased from 37.65 (Mar 24) to 37.45, marking a decrease of 0.20.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 193.53. It has increased from 153.88 (Mar 24) to 193.53, marking an increase of 39.65.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 193.53. It has increased from 153.88 (Mar 24) to 193.53, marking an increase of 39.65.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 316.29. It has decreased from 336.79 (Mar 24) to 316.29, marking a decrease of 20.50.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 60.81. This value is within the healthy range. It has increased from 59.82 (Mar 24) to 60.81, marking an increase of 0.99.
- For PBIT / Share (Rs.), as of Mar 25, the value is 42.54. This value is within the healthy range. It has increased from 41.60 (Mar 24) to 42.54, marking an increase of 0.94.
- For PBT / Share (Rs.), as of Mar 25, the value is 30.53. This value is within the healthy range. It has decreased from 30.79 (Mar 24) to 30.53, marking a decrease of 0.26.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 19.18. This value is within the healthy range. It has decreased from 19.43 (Mar 24) to 19.18, marking a decrease of 0.25.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 19.68. This value is within the healthy range. It has decreased from 20.43 (Mar 24) to 19.68, marking a decrease of 0.75.
- For PBDIT Margin (%), as of Mar 25, the value is 19.22. This value is within the healthy range. It has increased from 17.76 (Mar 24) to 19.22, marking an increase of 1.46.
- For PBIT Margin (%), as of Mar 25, the value is 13.45. This value is within the healthy range. It has increased from 12.35 (Mar 24) to 13.45, marking an increase of 1.10.
- For PBT Margin (%), as of Mar 25, the value is 9.65. This value is below the healthy minimum of 10. It has increased from 9.14 (Mar 24) to 9.65, marking an increase of 0.51.
- For Net Profit Margin (%), as of Mar 25, the value is 6.06. This value is within the healthy range. It has increased from 5.76 (Mar 24) to 6.06, marking an increase of 0.30.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 6.22. This value is below the healthy minimum of 8. It has increased from 6.06 (Mar 24) to 6.22, marking an increase of 0.16.
- For Return on Networth / Equity (%), as of Mar 25, the value is 10.17. This value is below the healthy minimum of 15. It has decreased from 13.26 (Mar 24) to 10.17, marking a decrease of 3.09.
- For Return on Capital Employeed (%), as of Mar 25, the value is 17.86. This value is within the healthy range. It has decreased from 19.23 (Mar 24) to 17.86, marking a decrease of 1.37.
- For Return On Assets (%), as of Mar 25, the value is 4.68. This value is below the healthy minimum of 5. It has decreased from 4.91 (Mar 24) to 4.68, marking a decrease of 0.23.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.14. This value is below the healthy minimum of 0.2. It has decreased from 0.25 (Mar 24) to 0.14, marking a decrease of 0.11.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.67. This value is within the healthy range. It has decreased from 1.05 (Mar 24) to 0.67, marking a decrease of 0.38.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.76. It has decreased from 0.83 (Mar 24) to 0.76, marking a decrease of 0.07.
- For Current Ratio (X), as of Mar 25, the value is 1.18. This value is below the healthy minimum of 1.5. It has increased from 1.08 (Mar 24) to 1.18, marking an increase of 0.10.
- For Quick Ratio (X), as of Mar 25, the value is 0.76. This value is below the healthy minimum of 1. It has increased from 0.73 (Mar 24) to 0.76, marking an increase of 0.03.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 4.45. This value is within the healthy range. It has increased from 2.25 (Mar 24) to 4.45, marking an increase of 2.20.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 44.85. This value is within the healthy range. It has increased from 39.16 (Mar 24) to 44.85, marking an increase of 5.69.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 23.26. This value is within the healthy range. It has increased from 20.70 (Mar 24) to 23.26, marking an increase of 2.56.
- For Earning Retention Ratio (%), as of Mar 25, the value is 55.15. This value is within the healthy range. It has decreased from 60.84 (Mar 24) to 55.15, marking a decrease of 5.69.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 76.74. This value exceeds the healthy maximum of 70. It has decreased from 79.30 (Mar 24) to 76.74, marking a decrease of 2.56.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 6.96. This value is within the healthy range. It has increased from 5.67 (Mar 24) to 6.96, marking an increase of 1.29.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 3.57. This value is within the healthy range. It has increased from 2.87 (Mar 24) to 3.57, marking an increase of 0.70.
- For Enterprise Value (Cr.), as of Mar 25, the value is 60,755.44. It has increased from 58,418.42 (Mar 24) to 60,755.44, marking an increase of 2,337.02.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 4.02. This value exceeds the healthy maximum of 3. It has increased from 3.73 (Mar 24) to 4.02, marking an increase of 0.29.
- For EV / EBITDA (X), as of Mar 25, the value is 20.89. This value exceeds the healthy maximum of 15. It has decreased from 20.97 (Mar 24) to 20.89, marking a decrease of 0.08.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 3.69. This value exceeds the healthy maximum of 3. It has increased from 3.35 (Mar 24) to 3.69, marking an increase of 0.34.
- For Retention Ratios (%), as of Mar 25, the value is 55.14. This value is within the healthy range. It has decreased from 60.83 (Mar 24) to 55.14, marking a decrease of 5.69.
- For Price / BV (X), as of Mar 25, the value is 6.03. This value exceeds the healthy maximum of 3. It has decreased from 7.33 (Mar 24) to 6.03, marking a decrease of 1.30.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 3.69. This value exceeds the healthy maximum of 3. It has increased from 3.35 (Mar 24) to 3.69, marking an increase of 0.34.
- For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bharat Forge Ltd:
- Net Profit Margin: 6.06%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 17.86% (Industry Average ROCE: 10.77%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 10.17% (Industry Average ROE: 10.71%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 3.57
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 0.76
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 63.9 (Industry average Stock P/E: 76.99)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.67
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 6.06%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Forgings | Mundhwa, Pune Cantonment, Pune Maharashtra 411036 | Contact not found |
| Management | |
|---|---|
| Name | Position Held |
| Mr. B N Kalyani | Chairman & Managing Director |
| Mr. Amit B Kalyani | Vice Chairman & Jt Manag. Dir. |
| Mr. Ashish Bharat Ram | Non Exe.Non Ind.Director |
| Mr. B P Kalyani | Executive Director |
| Mr. S E Tandale | Executive Director |
| Mr. Ravi Kapoor | Independent Director |
| Mr. Anand S Pathak | Independent Director |
| Mr. Dipak B Mane | Independent Director |
| Ms. Sonia Singh | Independent Director |
| Ms. Rashmi Joshi | Independent Director |
| Mr. K B S Anand | Independent Director |
FAQ
What is the intrinsic value of Bharat Forge Ltd?
Bharat Forge Ltd's intrinsic value (as of 04 February 2026) is ₹1162.09 which is 19.52% lower the current market price of ₹1,444.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹69,062 Cr. market cap, FY2025-2026 high/low of ₹1,506/919, reserves of ₹9,265 Cr, and liabilities of ₹20,728 Cr.
What is the Market Cap of Bharat Forge Ltd?
The Market Cap of Bharat Forge Ltd is 69,062 Cr..
What is the current Stock Price of Bharat Forge Ltd as on 04 February 2026?
The current stock price of Bharat Forge Ltd as on 04 February 2026 is ₹1,444.
What is the High / Low of Bharat Forge Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Bharat Forge Ltd stocks is ₹1,506/919.
What is the Stock P/E of Bharat Forge Ltd?
The Stock P/E of Bharat Forge Ltd is 63.9.
What is the Book Value of Bharat Forge Ltd?
The Book Value of Bharat Forge Ltd is 196.
What is the Dividend Yield of Bharat Forge Ltd?
The Dividend Yield of Bharat Forge Ltd is 0.59 %.
What is the ROCE of Bharat Forge Ltd?
The ROCE of Bharat Forge Ltd is 12.2 %.
What is the ROE of Bharat Forge Ltd?
The ROE of Bharat Forge Ltd is 11.6 %.
What is the Face Value of Bharat Forge Ltd?
The Face Value of Bharat Forge Ltd is 2.00.