Share Price and Basic Stock Data
Last Updated: December 12, 2025, 5:10 pm
| PEG Ratio | -41.39 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Bharat Forge Ltd, a major player in the forging industry, has demonstrated a robust performance over recent quarters. The company’s sales have shown a steady upward trajectory, with revenues rising from ₹2,851 Cr in June 2022 to ₹4,164 Cr in March 2024. This represents a significant growth trajectory, reflecting a robust demand for its products across various sectors. The latest available figure for the trailing twelve months (TTM) stands at ₹14,925 Cr, showcasing the resilience of its business model amidst fluctuating market conditions. Notably, the company has successfully diversified its revenue streams, which is evident as it recorded a 10% increase in sales for FY 2024 compared to FY 2023. However, the slight dip in sales to ₹3,689 Cr in September 2024 raises questions about potential seasonal fluctuations or market saturation. Overall, Bharat Forge’s revenue performance appears strong, supported by increasing demand in both domestic and international markets.
Profitability and Efficiency Metrics
The profitability metrics of Bharat Forge paint a mixed picture, with some areas showing strength while others warrant attention. The operating profit margin (OPM) has fluctuated, with a peak of 18% in December 2023, indicating operational efficiency. However, the OPM declined to 17% in June 2025, suggesting potential challenges in cost management or pricing power. The net profit for FY 2025 stood at ₹913 Cr, translating to an earnings per share (EPS) of ₹20.05, which reflects a consistent ability to generate profits. Nevertheless, the return on equity (ROE) of 10.17% and return on capital employed (ROCE) of 17.86% suggest that while the company is generating returns, they may not be as high as expected in a high-growth industry. The interest coverage ratio of 6.96x indicates that Bharat Forge is comfortably managing its interest obligations, yet the increasing debt levels, with borrowings reported at ₹6,658 Cr, may pose future risks if not managed prudently.
Balance Sheet Strength and Financial Ratios
Bharat Forge’s balance sheet reflects a mix of strengths and vulnerabilities. The company reported reserves of ₹9,265 Cr, which provide a cushion against potential downturns and support future investments. The current ratio of 1.18x suggests that Bharat Forge is in a comfortable position to meet its short-term liabilities, while the quick ratio of 0.76x indicates a reliance on inventory for liquidity. However, the total debt-to-equity ratio of 0.67x raises concerns about leverage, especially in an environment where interest rates may rise. The company’s ability to generate cash flows is evident with a cash earning retention ratio of 76.74%, indicating that it retains a significant portion of its earnings for reinvestment. However, the decline in the asset turnover ratio to 0.76% suggests that the company may not be utilizing its assets as efficiently as it could be, which could impact future growth potential.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Bharat Forge provides insights into investor confidence and institutional interest. Promoters hold a stable 44.07% stake, reflecting their commitment to the company’s long-term vision. Meanwhile, domestic institutional investors increased their stake to 32.11%, indicating confidence in Bharat Forge’s fundamentals. However, foreign institutional investors (FIIs) have reduced their stake to 13.62%, which might raise some eyebrows regarding international sentiment towards the stock. The growing number of shareholders, which reached 249,520 as of September 2025, suggests increasing retail interest, adding a layer of stability to the stock. This diverse ownership structure, coupled with a consistent dividend payout ratio of 43.85%, indicates that Bharat Forge is committed to returning value to its shareholders, which could foster continued investor confidence in the long run.
Outlook, Risks, and Final Insight
Looking ahead, Bharat Forge faces a blend of opportunities and challenges. The company’s strong revenue growth and operational efficiencies suggest a promising outlook, especially if it can navigate potential risks related to rising raw material costs and increasing competition in the forging space. The reliance on domestic and international markets means that any global economic slowdown could impact demand. Furthermore, with a significant portion of its revenue tied to cyclical industries, Bharat Forge must remain vigilant to market fluctuations. Investors should also consider the company’s debt levels and how they might affect financial flexibility, particularly in a rising interest rate environment. Overall, while Bharat Forge appears well-positioned to capitalize on growth opportunities, prospective investors should weigh these risks against the company’s solid track record and operational strengths before making investment decisions.
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 | 10,141 Cr. | 1,072 | 1,103/716 | 37.4 | 208 | 0.28 % | 19.2 % | 15.5 % | 2.00 |
| EL Forge Ltd | 28.4 Cr. | 14.0 | 44.4/12.9 | 15.8 | 12.5 | 0.00 % | 11.2 % | 9.14 % | 10.0 |
| CIE Automotive India Ltd | 15,190 Cr. | 400 | 504/357 | 19.0 | 183 | 1.75 % | 16.6 % | 13.2 % | 10.0 |
| Amic Forging Ltd | 1,643 Cr. | 1,566 | 1,750/850 | 65.2 | 139 | 0.00 % | 27.9 % | 21.8 % | 10.0 |
| Amforge Industries Ltd | 12.4 Cr. | 8.58 | 12.0/7.26 | 30.1 | 9.20 | 0.00 % | 6.53 % | 3.72 % | 2.00 |
| Industry Average | 10,736.20 Cr | 415.03 | 73.22 | 155.90 | 0.31% | 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: 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 - 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 Flexicap Fund | 6,600,000 | 1.56 | 874.3 | N/A | N/A | N/A |
| SBI Large & Midcap Fund | 6,500,000 | 2.42 | 861.06 | N/A | N/A | N/A |
| HDFC Mid Cap Fund | 6,436,155 | 0.95 | 852.6 | N/A | N/A | N/A |
| Nippon India Growth Mid Cap Fund | 5,444,007 | 1.75 | 721.17 | N/A | N/A | N/A |
| Mirae Asset Large & Midcap Fund | 5,377,149 | 1.66 | 712.31 | 3,772,632 | 2025-12-08 00:34:21 | 42.53% |
| SBI Midcap Fund | 4,500,000 | 2.59 | 596.12 | N/A | N/A | N/A |
| Kotak Midcap Fund | 4,225,903 | 0.93 | 559.81 | N/A | N/A | N/A |
| Mirae Asset Midcap Fund | 3,647,365 | 2.67 | 483.17 | 2,661,743 | 2025-12-08 00:34:21 | 37.03% |
| Kotak Large & Midcap Fund | 3,600,000 | 1.62 | 476.89 | N/A | N/A | N/A |
| Aditya Birla Sun Life Flexi Cap Fund | 2,825,424 | 1.53 | 374.28 | 3,540,000 | 2025-12-08 00:34:21 | -20.19% |
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: 63.2 (Industry average Stock P/E: 73.22)
- 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 12 December 2025) is 1156.43 which is 19.02% lower the current market price of 1,428.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 68,351 Cr. market cap, FY2025-2026 high/low of 1,461/919, 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 68,351 Cr..
What is the current Stock Price of Bharat Forge Ltd as on 12 December 2025?
The current stock price of Bharat Forge Ltd as on 12 December 2025 is 1,428.
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 1,461/919.
What is the Stock P/E of Bharat Forge Ltd?
The Stock P/E of Bharat Forge Ltd is 63.2.
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 0.60 %.
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.