About the Company - Bharat Forge Ltd
Bharat Forge Ltd. is a Public Limited Listed company incorporated on 19/06/1961 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L25209PN1961PLC012046 and registration number is 012046. Currently Company is involved in the business activities of Manufacture of other transport equipment. Company’s Total Operating Revenue is Rs. 6254.61 Cr. and Equity Capital is Rs. 93.13 Cr. for the Year ended 31/03/2022.
Management |
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Name | Position Held |
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Mr. B N Kalyani | Chairman & Managing Director |
Mr. G K Agarwal | Deputy Managing Director |
Mr. Amit B Kalyani | Deputy Managing Director |
Mr. B P Kalyani | Executive Director |
Mr. S E Tandale | Executive Director |
Mr. Kishore M Saletore | Executive Director |
Mr. Murali G Sivaraman | Independent Director |
Mr. Dipak B Mane | Independent Director |
Ms. Sonia Singh | Independent Director |
Mr. Pratap G Pawar | Independent Director |
Mrs. Lalita D Gupte | Independent Director |
Mr. P H Ravikumar | Independent Director |
Mr. Vimal R Bhandari | Independent Director |
Mr. K B S Anand | Independent Director |
Bharat Forge Ltd. Share Price Update |
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Share Price | Value |
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Today | ₹1,170.00 |
Previous Day | ₹1,169.25 |
Basic Stock Data of Bharat Forge Ltd
Market Cap | 54,390 Cr. |
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Current Price | 1,168 |
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High / Low | 1,185/744 |
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Stock P/E | 83.1 |
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Book Value | 151 |
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Dividend Yield | 0.59 % |
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ROCE | 7.70 % |
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ROE | 6.88 % |
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Face Value | 2.00 |
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Bharat Forge Ltd Quarterly Results
Month | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
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Sales | 1,376 | 1,723 | 2,083 | 2,108 | 2,386 | 2,395 | 3,573 | 2,851 | 3,076 | 3,353 | 3,629 | 3,877 | 3,774 |
Expenses | 1,210 | 1,443 | 1,682 | 1,667 | 1,886 | 1,895 | 3,030 | 2,426 | 2,645 | 2,914 | 3,191 | 3,282 | 3,153 |
Operating Profit | 166 | 280 | 401 | 441 | 499 | 499 | 543 | 425 | 432 | 439 | 438 | 595 | 621 |
OPM % | 12% | 16% | 19% | 21% | 21% | 21% | 15% | 15% | 14% | 13% | 12% | 15% | 16% |
Other Income | 28 | -261 | 52 | -21 | 38 | 201 | 70 | 30 | 44 | 37 | 17 | 67 | 51 |
Interest | 14 | 34 | 23 | 50 | 23 | 24 | 63 | 40 | 53 | 109 | 97 | 114 | 124 |
Depreciation | 152 | 161 | 161 | 167 | 174 | 176 | 214 | 181 | 188 | 186 | 181 | 206 | 211 |
Profit before tax | 28 | -176 | 269 | 203 | 341 | 500 | 337 | 235 | 235 | 181 | 177 | 341 | 337 |
Tax % | 105% | -20% | 21% | 25% | 21% | 16% | 31% | 32% | 40% | 56% | 28% | 37% | 36% |
Net Profit | -1 | -210 | 212 | 153 | 270 | 422 | 232 | 160 | 142 | 79 | 128 | 214 | 215 |
EPS in Rs | 0.00 | -4.49 | 4.48 | 3.30 | 5.82 | 9.05 | 5.06 | 3.53 | 3.13 | 1.77 | 2.91 | 4.80 | 4.88 |
Bharat Forge Ltd Quarterly Chart
Bharat Forge Ltd Profit & Loss
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
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Sales | 6,279 | 5,167 | 6,704 | 7,622 | 6,809 | 6,396 | 8,358 | 10,146 | 8,056 | 6,336 | 10,461 | 12,910 | 13,936 |
Expenses | 5,282 | 4,419 | 5,783 | 6,232 | 5,397 | 5,276 | 6,635 | 8,098 | 6,984 | 5,504 | 8,478 | 11,174 | 12,032 |
Operating Profit | 997 | 748 | 921 | 1,390 | 1,413 | 1,121 | 1,723 | 2,048 | 1,072 | 832 | 1,983 | 1,737 | 1,904 |
OPM % | 16% | 14% | 14% | 18% | 21% | 18% | 21% | 20% | 13% | 13% | 19% | 13% | 14% |
Other Income | 91 | 94 | 298 | 226 | 148 | 391 | 46 | 199 | 109 | -138 | 288 | 124 | 164 |
Interest | 186 | 167 | 169 | 136 | 116 | 100 | 107 | 127 | 171 | 108 | 160 | 299 | 374 |
Depreciation | 302 | 320 | 357 | 362 | 453 | 452 | 467 | 521 | 548 | 612 | 730 | 736 | 761 |
Profit before tax | 600 | 355 | 693 | 1,118 | 992 | 960 | 1,196 | 1,599 | 462 | -25 | 1,381 | 827 | 934 |
Tax % | 30% | 43% | 30% | 32% | 32% | 26% | 37% | 35% | 24% | -399% | 22% | 39% | |
Net Profit | 420 | 202 | 482 | 760 | 675 | 711 | 754 | 1,033 | 349 | -127 | 1,077 | 508 | 562 |
EPS in Rs | 8.87 | 5.32 | 10.71 | 16.38 | 14.57 | 15.13 | 16.38 | 22.17 | 7.51 | -2.71 | 23.23 | 11.35 | 12.61 |
Dividend Payout % | 23% | 32% | 21% | 23% | 26% | 25% | 27% | 23% | 47% | -74% | 30% | 62% | |
Bharat Forge Ltd Profit & Loss Yearly Chart
Bharat Forge Ltd Growth
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Compounded Sales Growth |
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10 Years:: | 10% |
5 Years:: | 9% |
3 Years:: | 17% |
TTM:: | 23% |
Bharat Forge Ltd Growth
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Compounded Profit Growth |
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10 Years:: | 6% |
5 Years:: | -11% |
3 Years:: | 7% |
TTM:: | -21% |
Bharat Forge Ltd Growth
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Stock Price CAGR |
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10 Years:: | 22% |
5 Years:: | 18% |
3 Years:: | 29% |
1 Year:: | 40% |
Bharat Forge Ltd Growth
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Return on Equity |
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10 Years:: | 14% |
5 Years:: | 11% |
3 Years:: | 9% |
Last Year:: | 7% |
No data available for the Balance Sheet data table.
Bharat Forge Ltd Reserves and Borrowings Chart
Bharat Forge Ltd Cash Flow
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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Cash from Operating Activity | 686 | 735 | 716 | 1,035 | 1,356 | 1,052 | 967 | 911 | 1,522 | 1,020 | 506 | 1,294 |
Cash from Investing Activity | -1,034 | -232 | -244 | -467 | -888 | -737 | -722 | -1,196 | -1,114 | -1,511 | -690 | -1,666 |
Cash from Financing Activity | 462 | -330 | -640 | -360 | -448 | -401 | -314 | 368 | -381 | 578 | 310 | 280 |
Net Cash Flow | 115 | 173 | -168 | 208 | 19 | -86 | -69 | 83 | 26 | 87 | 126 | -91 |
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Bharat Forge Ltd Financial Efficiency Indicators
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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Debtor Days | 47 | 56 | 47 | 41 | 75 | 77 | 85 | 77 | 68 | 81 | 75 | 87 |
Inventory Days | 137 | 188 | 154 | 131 | 142 | 161 | 151 | 160 | 177 | 249 | 235 | 191 |
Days Payable | 148 | 153 | 157 | 144 | 119 | 127 | 148 | 118 | 105 | 167 | 141 | 132 |
Cash Conversion Cycle | 37 | 91 | 45 | 28 | 98 | 111 | 88 | 119 | 140 | 163 | 169 | 147 |
Working Capital Days | 18 | 18 | 22 | 58 | 81 | 64 | 75 | 90 | 77 | 114 | 112 | 107 |
ROCE % | 17% | 11% | 15% | 21% | 17% | 13% | 18% | 20% | 7% | 3% | 11% | 8% |
Bharat Forge Ltd Financial Efficiency Indicators Chart
No valid data available for the Shareholding
Bharat Forge Ltd Shareholding Pattern Chart
No. of Bharat Forge Ltd Shareholders
Bharat Forge Ltd Mutual Fund Holdings
Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) |
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Kotak Emerging Equity Fund - Regular Plan | 8051993 | 2.59 | 878.96 |
Kotak Flexicap Fund - Regular Plan | 6600000 | 1.77 | 720.46 |
DSP Mid Cap Fund | 6144354 | 4.46 | 670.72 |
Mirae Asset Emerging Bluechip Fund | 5169721 | 1.94 | 564.33 |
Kotak Equity Opportunities Fund - Regular Plan | 4700000 | 3.31 | 513.05 |
Aditya Birla Sun Life Flexi Cap Fund | 3626386 | 2.24 | 395.86 |
Mirae Asset Midcap Fund | 3565001 | 3.2 | 389.16 |
Mirae Asset Tax Saver Fund | 2923987 | 1.77 | 319.18 |
SBI Magnum Midcap Fund | 2343540 | 1.93 | 255.82 |
Canara Robeco Emerging Equities | 2306703 | 1.39 | 251.8 |
Bharat Forge Ltd ROCE Trend
Bharat Forge Ltd EPS Trend
Bharat Forge Ltd Key Financial Ratios
Month | Mar 23 | Mar 22 | Mar 21 | Mar 20 | Mar 19 |
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FaceValue | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Basic EPS (Rs.) | 11.35 | 23.23 | -2.71 | 7.51 | 22.17 |
Diluted EPS (Rs.) | 11.35 | 23.23 | -2.71 | 7.51 | 22.17 |
Cash EPS (Rs.) | 27.43 | 39.52 | 11.06 | 20.18 | 33.60 |
Book Value[Excl.RevalReserv]/Share (Rs.) | 144.78 | 142.32 | 116.98 | 112.79 | 116.10 |
Book Value[Incl.RevalReserv]/Share (Rs.) | 144.78 | 142.32 | 116.98 | 112.79 | 116.10 |
Revenue From Operations / Share (Rs.) | 277.26 | 224.66 | 136.08 | 173.01 | 217.89 |
PBDIT / Share (Rs.) | 41.67 | 47.50 | 22.13 | 27.97 | 48.50 |
PBIT / Share (Rs.) | 25.87 | 31.82 | 8.99 | 16.21 | 37.32 |
PBT / Share (Rs.) | 18.48 | 30.36 | 0.09 | 10.84 | 34.58 |
Net Profit / Share (Rs.) | 11.64 | 23.84 | -2.08 | 8.42 | 22.42 |
NP After MI And SOA / Share (Rs.) | 11.35 | 23.23 | -2.71 | 7.51 | 22.17 |
PBDIT Margin (%) | 15.02 | 21.14 | 16.26 | 16.16 | 22.25 |
PBIT Margin (%) | 9.33 | 14.16 | 6.60 | 9.37 | 17.12 |
PBT Margin (%) | 6.66 | 13.51 | 0.07 | 6.26 | 15.87 |
Net Profit Margin (%) | 4.19 | 10.61 | -1.53 | 4.86 | 10.28 |
NP After MI And SOA Margin (%) | 4.09 | 10.34 | -1.99 | 4.34 | 10.17 |
Return on Networth / Equity (%) | 7.87 | 16.46 | -2.33 | 6.70 | 19.19 |
Return on Capital Employeed (%) | 11.92 | 15.60 | 4.83 | 9.93 | 23.06 |
Return On Assets (%) | 2.87 | 6.93 | -0.95 | 3.02 | 8.86 |
Long Term Debt / Equity (X) | 0.26 | 0.27 | 0.40 | 0.35 | 0.31 |
Total Debt / Equity (X) | 1.02 | 0.86 | 0.84 | 0.74 | 0.70 |
Asset Turnover Ratio (%) | 0.50 | 0.48 | 0.32 | 0.42 | 0.65 |
Current Ratio (X) | 1.09 | 1.30 | 1.38 | 1.33 | 1.35 |
Quick Ratio (X) | 0.70 | 0.85 | 0.97 | 0.89 | 0.89 |
Inventory Turnover Ratio (X) | 1.69 | 1.82 | 1.15 | 1.36 | 2.41 |
Dividend Payout Ratio (NP) (%) | 61.68 | 6.45 | 0.00 | 79.85 | 22.55 |
Dividend Payout Ratio (CP) (%) | 25.78 | 3.85 | 0.00 | 31.12 | 14.99 |
Earning Retention Ratio (%) | 38.32 | 93.55 | 0.00 | 20.15 | 77.45 |
Cash Earning Retention Ratio (%) | 74.22 | 96.15 | 0.00 | 68.88 | 85.01 |
Interest Coverage Ratio (%) | 6.50 | 13.79 | 9.57 | 7.60 | 17.75 |
Interest Coverage Ratio (Post Tax) (%) | 2.97 | 7.34 | 2.94 | 3.75 | 9.21 |
Enterprise Value (Cr.) | 41707.44 | 37790.52 | 31897.42 | 14235.75 | 27149.11 |
EV / Net Operating Revenue (X) | 3.23 | 3.61 | 5.03 | 1.77 | 2.68 |
EV / EBITDA (X) | 21.49 | 17.09 | 30.95 | 10.93 | 12.02 |
MarketCap / Net Operating Revenue (X) | 2.78 | 3.12 | 4.38 | 1.35 | 2.35 |
Retention Ratios (%) | 38.31 | 93.54 | 0.00 | 20.14 | 77.44 |
Price / BV (X) | 5.35 | 4.97 | 5.13 | 2.09 | 4.43 |
Price / Net Operating Revenue (X) | 2.78 | 3.12 | 4.38 | 1.35 | 2.35 |
EarningsYield | 0.01 | 0.03 | 0.00 | 0.03 | 0.04 |
Bharat Forge Ltd Profitability Ratios (%)
Bharat Forge Ltd Liquidity Ratios
Bharat Forge Ltd Liquidity Ratios (%)
Bharat Forge Ltd Interest Coverage Ratios (%)
Bharat Forge Ltd Valuation Ratios
Fair Value of Bharat Forge Ltd Stock
Fair Value: ₹868.40
The stock is overvalued by 25.65% compared to the current price ₹1168
*Investments are subject to market risks
Strength and Weakness of Bharat Forge Ltd Stock
Unable to fetch valid data for stock valuation.