Share Price and Basic Stock Data
Last Updated: October 29, 2025, 4:48 am
| PEG Ratio | -39.95 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Bharat Forge Ltd, a leader in the forgings industry, reported a market capitalization of ₹62,539 Cr and a share price of ₹1,308. The company has shown a robust revenue trajectory, with sales rising from ₹10,461 Cr in FY 2022 to ₹12,910 Cr in FY 2023, and projected to reach ₹15,682 Cr in FY 2024. Quarterly sales data further reinforces this growth, with Q1 FY 2025 recording ₹4,164 Cr, compared to ₹3,629 Cr in Q4 FY 2023. The company’s operational performance reflects a consistent increase, with operating profit margins (OPM) enhancing from 13% in Q4 FY 2022 to 18% in Q4 FY 2024. This upward trend in revenue and profitability indicates a strong market position, likely supported by increased demand in sectors such as automotive and industrial applications. The company’s ongoing investments in modernization and capacity expansion are expected to further solidify its market presence, contributing to sustained revenue growth.
Profitability and Efficiency Metrics
In terms of profitability, Bharat Forge reported a net profit of ₹1,023 Cr for the trailing twelve months (TTM), translating to an earnings per share (EPS) of ₹20.05 for FY 2025. The return on equity (ROE) stood at 11.6%, while the return on capital employed (ROCE) was recorded at 12.2%. The company’s interest coverage ratio (ICR) of 6.96x indicates a strong ability to meet its interest obligations, which is favorable compared to industry norms. Efficiency metrics such as the cash conversion cycle (CCC) of 138 days highlight the company’s effective management of working capital, although it remains on the higher side compared to typical industry benchmarks. The operating profit margin (OPM) has gradually improved, indicating better cost management and operational efficiency, reaching 18% in Q4 FY 2024. These figures position Bharat Forge favorably against competitors, showcasing its stable profitability amidst fluctuating market conditions.
Balance Sheet Strength and Financial Ratios
Bharat Forge’s balance sheet demonstrates significant strength, with total reserves amounting to ₹9,158 Cr and borrowings standing at ₹6,698 Cr. This results in a debt-to-equity ratio of 0.67, indicating a manageable level of leverage. The company’s current ratio of 1.18 suggests adequate short-term liquidity, while the quick ratio of 0.76 indicates a conservative approach to liquidity management. The book value per share has risen to ₹193.53, reflecting a solid asset base relative to its market price. Moreover, the enterprise value (EV) of ₹60,755 Cr relative to net operating revenue of ₹14,925 Cr gives an EV/EBITDA multiple of 20.89, which is higher than industry averages, suggesting that the market has high expectations for future performance. These financial ratios illustrate Bharat Forge’s capacity to sustain operations and pursue growth while maintaining financial stability.
Shareholding Pattern and Investor Confidence
The shareholding structure of Bharat Forge reveals a well-distributed ownership, with promoters holding 44.07% of the shares, followed by domestic institutional investors (DIIs) at 32.11% and foreign institutional investors (FIIs) at 13.62%. The increasing stake of DIIs, which rose from 26.09% in December 2022 to 30.20% by March 2025, indicates growing confidence among institutional investors in the company’s growth prospects. The number of shareholders has also expanded significantly, reaching 2,49,520 by March 2025, reflecting heightened retail interest. However, the slight decline in FII holdings from 17.88% in December 2022 to 13.62% in March 2025 could indicate a shift in foreign sentiment, potentially due to macroeconomic factors or sector-specific challenges. Overall, the shareholding pattern suggests strong domestic confidence, although the decrease in foreign investment could be a point of concern for future capital inflows.
Outlook, Risks, and Final Insight
The outlook for Bharat Forge appears promising, driven by its robust revenue growth, expanding market share, and strategic investments. However, risks such as potential fluctuations in raw material prices and reliance on cyclical industries could pose challenges. Additionally, the company’s relatively high EV/EBITDA multiple may raise concerns about valuation sustainability. On the other hand, strengths like improved operational efficiency and a solid balance sheet provide a buffer against market volatility. If Bharat Forge successfully navigates these risks and continues to capitalize on market opportunities, it could enhance shareholder value significantly. Conversely, failure to manage external pressures could impact profitability and growth trajectories. The company’s proactive strategies in adapting to market dynamics will be crucial in determining its long-term success.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Bharat Forge Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Happy Forgings Ltd | 9,632 Cr. | 1,020 | 1,191/716 | 35.8 | 196 | 0.29 % | 19.2 % | 15.5 % | 2.00 |
| EL Forge Ltd | 36.8 Cr. | 18.1 | 44.4/17.5 | 16.5 | 12.2 | 0.00 % | 11.2 % | 9.14 % | 10.0 |
| CIE Automotive India Ltd | 16,641 Cr. | 439 | 521/357 | 20.8 | 183 | 1.60 % | 16.6 % | 13.2 % | 10.0 |
| Amic Forging Ltd | 1,781 Cr. | 1,533 | 1,750/850 | 86.4 | 110 | 0.00 % | 27.9 % | 21.8 % | 10.0 |
| Amforge Industries Ltd | 13.1 Cr. | 9.13 | 15.5/7.26 | 25.8 | 9.12 | 0.00 % | 6.53 % | 3.72 % | 2.00 |
| Industry Average | 10,293.30 Cr | 404.66 | 111.13 | 151.84 | 0.32% | 10.77% | 10.71% | 6.13 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,851 | 3,076 | 3,353 | 3,629 | 3,877 | 3,774 | 3,866 | 4,164 | 4,106 | 3,689 | 3,476 | 3,853 | 3,909 |
| Expenses | 2,426 | 2,645 | 2,914 | 3,191 | 3,282 | 3,153 | 3,169 | 3,521 | 3,365 | 3,042 | 2,853 | 3,174 | 3,239 |
| Operating Profit | 425 | 432 | 439 | 438 | 595 | 621 | 698 | 643 | 741 | 647 | 623 | 679 | 670 |
| OPM % | 15% | 14% | 13% | 12% | 15% | 16% | 18% | 15% | 18% | 18% | 18% | 18% | 17% |
| Other Income | 30 | 44 | 37 | 17 | 67 | 51 | 58 | 45 | -99 | 62 | 38 | 57 | 50 |
| Interest | 40 | 53 | 109 | 97 | 114 | 124 | 137 | 116 | 124 | 110 | 96 | 88 | 82 |
| Depreciation | 181 | 188 | 186 | 181 | 206 | 211 | 224 | 207 | 218 | 213 | 218 | 224 | 226 |
| Profit before tax | 235 | 235 | 181 | 177 | 341 | 337 | 395 | 366 | 300 | 385 | 347 | 424 | 411 |
| Tax % | 32% | 40% | 56% | 28% | 37% | 36% | 36% | 38% | 42% | 37% | 39% | 33% | 31% |
| Net Profit | 160 | 142 | 79 | 128 | 214 | 215 | 254 | 227 | 175 | 243 | 213 | 283 | 284 |
| EPS in Rs | 3.53 | 3.13 | 1.77 | 2.91 | 4.80 | 4.88 | 5.68 | 5.07 | 4.36 | 5.23 | 4.45 | 5.90 | 5.93 |
Last Updated: August 20, 2025, 12:50 pm
Below is a detailed analysis of the quarterly data for Bharat Forge Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 3,909.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,853.00 Cr. (Mar 2025) to 3,909.00 Cr., marking an increase of 56.00 Cr..
- For Expenses, as of Jun 2025, the value is 3,239.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,174.00 Cr. (Mar 2025) to 3,239.00 Cr., marking an increase of 65.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 670.00 Cr.. The value appears to be declining and may need further review. It has decreased from 679.00 Cr. (Mar 2025) to 670.00 Cr., marking a decrease of 9.00 Cr..
- For OPM %, as of Jun 2025, the value is 17.00%. The value appears to be declining and may need further review. It has decreased from 18.00% (Mar 2025) to 17.00%, marking a decrease of 1.00%.
- For Other Income, as of Jun 2025, the value is 50.00 Cr.. The value appears to be declining and may need further review. It has decreased from 57.00 Cr. (Mar 2025) to 50.00 Cr., marking a decrease of 7.00 Cr..
- For Interest, as of Jun 2025, the value is 82.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 88.00 Cr. (Mar 2025) to 82.00 Cr., marking a decrease of 6.00 Cr..
- For Depreciation, as of Jun 2025, the value is 226.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 224.00 Cr. (Mar 2025) to 226.00 Cr., marking an increase of 2.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 411.00 Cr.. The value appears to be declining and may need further review. It has decreased from 424.00 Cr. (Mar 2025) to 411.00 Cr., marking a decrease of 13.00 Cr..
- For Tax %, as of Jun 2025, the value is 31.00%. The value appears to be improving (decreasing) as expected. It has decreased from 33.00% (Mar 2025) to 31.00%, marking a decrease of 2.00%.
- For Net Profit, as of Jun 2025, the value is 284.00 Cr.. The value appears strong and on an upward trend. It has increased from 283.00 Cr. (Mar 2025) to 284.00 Cr., marking an increase of 1.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 5.93. The value appears strong and on an upward trend. It has increased from 5.90 (Mar 2025) to 5.93, marking an increase of 0.03.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: August 22, 2025, 5:29 pm
| 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 | 14,925 |
| 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 | 12,307 |
| Operating Profit | 921 | 1,390 | 1,413 | 1,121 | 1,723 | 2,048 | 1,072 | 832 | 1,983 | 1,737 | 2,562 | 2,692 | 2,618 |
| 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 | 207 |
| Interest | 169 | 136 | 116 | 100 | 107 | 127 | 171 | 108 | 160 | 299 | 491 | 417 | 376 |
| Depreciation | 357 | 362 | 453 | 452 | 467 | 521 | 548 | 612 | 730 | 736 | 848 | 874 | 881 |
| Profit before tax | 693 | 1,118 | 992 | 960 | 1,196 | 1,599 | 462 | -25 | 1,381 | 827 | 1,439 | 1,456 | 1,567 |
| 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 | 1,023 |
| 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 | 21.51 |
| 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: July 25, 2025, 3:30 pm
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 47 | 47 | 47 | 47 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| CWIP | 583 | 870 | 409 | 453 | 344 | 831 | 1,143 | 900 | 1,125 | 701 | 991 | 1,732 |
| Investments | 801 | 496 | 886 | 1,192 | 1,501 | 1,524 | 1,618 | 2,607 | 2,604 | 2,569 | 1,849 | 2,063 |
| 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 |
| 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 |
Below is a detailed analysis of the balance sheet data for Bharat Forge Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 96.00 Cr.. The value appears strong and on an upward trend. It has increased from 93.00 Cr. (Mar 2024) to 96.00 Cr., marking an increase of 3.00 Cr..
- For Reserves, as of Mar 2025, the value is 9,158.00 Cr.. The value appears strong and on an upward trend. It has increased from 7,077.00 Cr. (Mar 2024) to 9,158.00 Cr., marking an increase of 2,081.00 Cr..
- For Borrowings, as of Mar 2025, the value is 6,698.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 7,948.00 Cr. (Mar 2024) to 6,698.00 Cr., marking a decrease of 1,250.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 4,017.00 Cr.. The value appears to be improving (decreasing). It has decreased from 4,066.00 Cr. (Mar 2024) to 4,017.00 Cr., marking a decrease of 49.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 19,968.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 19,184.00 Cr. (Mar 2024) to 19,968.00 Cr., marking an increase of 784.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 6,627.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,309.00 Cr. (Mar 2024) to 6,627.00 Cr., marking an increase of 318.00 Cr..
- For CWIP, as of Mar 2025, the value is 1,732.00 Cr.. The value appears strong and on an upward trend. It has increased from 991.00 Cr. (Mar 2024) to 1,732.00 Cr., marking an increase of 741.00 Cr..
- For Investments, as of Mar 2025, the value is 2,063.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,849.00 Cr. (Mar 2024) to 2,063.00 Cr., marking an increase of 214.00 Cr..
- For Other Assets, as of Mar 2025, the value is 9,547.00 Cr.. The value appears to be declining and may need further review. It has decreased from 10,034.00 Cr. (Mar 2024) to 9,547.00 Cr., marking a decrease of 487.00 Cr..
- For Total Assets, as of Mar 2025, the value is 19,968.00 Cr.. The value appears strong and on an upward trend. It has increased from 19,184.00 Cr. (Mar 2024) to 19,968.00 Cr., marking an increase of 784.00 Cr..
Notably, the Reserves (9,158.00 Cr.) exceed the Borrowings (6,698.00 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 - No data available for this post.
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 |
|---|---|---|---|---|---|---|
| Kotak Emerging Equity Fund - Regular Plan | 8,132,726 | 2.57 | 1004.6 | 8,132,726 | 2025-04-22 17:25:40 | 0% |
| Kotak Flexicap Fund - Regular Plan | 6,600,000 | 1.84 | 815.27 | 6,600,000 | 2025-04-22 12:42:19 | 0% |
| DSP Mid Cap Fund | 5,797,525 | 4.33 | 716.14 | 5,797,525 | 2025-04-22 12:42:19 | 0% |
| Kotak Equity Opportunities Fund - Regular Plan | 4,700,000 | 3.17 | 580.57 | 4,700,000 | 2025-04-22 17:25:40 | 0% |
| Mirae Asset Large & Midcap Fund | 3,772,632 | 1.4 | 466.01 | 3,772,632 | 2025-04-22 17:25:40 | 0% |
| Aditya Birla Sun Life Flexi Cap Fund | 3,540,000 | 2.23 | 437.28 | 3,540,000 | 2025-04-22 17:25:40 | 0% |
| Nippon India Growth Fund | 3,300,000 | 1.67 | 407.63 | 3,300,000 | 2025-04-22 17:25:40 | 0% |
| Mirae Asset Midcap Fund | 2,661,743 | 2.29 | 328.79 | 2,661,743 | 2025-04-22 17:25:40 | 0% |
| SBI Magnum Midcap Fund | 2,343,540 | 1.81 | 289.49 | 2,343,540 | 2025-04-22 12:42:19 | 0% |
| Canara Robeco Emerging Equities | 2,156,703 | 1.34 | 266.41 | 2,156,703 | 2025-04-22 17:25:40 | 0% |
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 |
|---|---|
|
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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: 61 (Industry average Stock P/E: 111.13)
- 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 | secretarial@bharatforge.com http://www.bharatforge.com |
| 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 29 October 2025) is 1105.33 which is 15.49% lower the current market price of 1,308.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 62,539 Cr. market cap, FY2025-2026 high/low of 1,488/919, reserves of ₹9,158 Cr, and liabilities of 19,968 Cr.
What is the Market Cap of Bharat Forge Ltd?
The Market Cap of Bharat Forge Ltd is 62,539 Cr..
What is the current Stock Price of Bharat Forge Ltd as on 29 October 2025?
The current stock price of Bharat Forge Ltd as on 29 October 2025 is 1,308.
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 1,488/919.
What is the Stock P/E of Bharat Forge Ltd?
The Stock P/E of Bharat Forge Ltd is 61.0.
What is the Book Value of Bharat Forge Ltd?
The Book Value of Bharat Forge Ltd is 194.
What is the Dividend Yield of Bharat Forge Ltd?
The Dividend Yield of Bharat Forge Ltd is 0.65 %.
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.