Nifty
:
24870.10
Sensex
:
81306.85
-213.65 (-0.85%)
-693.86 (-0.85%)
Nifty
Sensex
:
:
24870.10
81306.85
-213.65 (-0.85%)
-693.86 (-0.85%)

Bharat Forge Ltd.

Forgings

Rating :
44/99

BSE: 500493 | NSE: BHARATFORG

NSE BSE
1123.00
22-Aug-2025
  • Open
  • High
  • Low
  • Previous Close
  •  1150
  •  1157.1
  •  1120.2
  •  1154.10
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  1414231
  •  1605935228.6
  •  1644.9
  •  919.1

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 53,696.52
  • 52.54
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 58,656.60
  • 0.76%
  • 5.64

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 44.07%
  • 0.77%
  • 7.78%
  • FII
  • DII
  • Others
  • 14.37%
  • 29.77%
  • 3.24%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 8.31
  • 19.00
  • 5.41

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 6.39
  • 24.88
  • 8.98

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 3.73
  • 33.48
  • 21.22

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 44.63
  • 63.04
  • 65.59

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 6.00
  • 6.44
  • 7.11

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 22.44
  • 25.87
  • 23.34

Earnings Forecasts:

(Updated: 06-06-2025)
Description
2024
2025
2026
2027
Adj EPS
20.43
20.05
29.3
38.22
P/E Ratio
54.97
56.01
38.33
29.38
Revenue
15682
15123
16335
18547
EBITDA
2566
2694
2971
3534
Net Income
951
941
1376
1793
ROA
5
4.8
7.4
9.6
P/B Ratio
6.10
5.80
5.20
4.57
ROE
13.71
11.46
14.08
16.24
FCFF
-287
-40
1366
1494
FCFF Yield
-0.45
-0.06
2.14
2.34
Net Debt
5244
4054
3017
2355
BVPS
183.97
193.53
215.88
245.97

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Jun 25
Jun 24
Var%
Mar 25
Mar 24
Var%
Dec 24
Dec 23
Var%
Sep 24
Sep 23
Var%
Net Sales
3,908.75
4,106.15
-4.81%
3,852.60
4,164.21
-7.48%
3,475.54
3,866.41
-10.11%
3,688.51
3,774.19
-2.27%
Expenses
3,235.85
3,365.19
-3.84%
3,171.28
3,520.93
-9.93%
2,851.16
3,168.55
-10.02%
3,041.23
3,152.76
-3.54%
EBITDA
672.90
740.96
-9.19%
681.33
643.28
5.91%
624.38
697.86
-10.53%
647.27
621.43
4.16%
EBIDTM
17.22%
18.05%
17.68%
15.45%
17.97%
18.05%
17.55%
16.47%
Other Income
49.72
51.65
-3.74%
62.10
54.83
13.26%
38.37
55.95
-31.42%
61.65
52.48
17.47%
Interest
82.22
123.71
-33.54%
88.00
115.52
-23.82%
95.96
136.82
-29.86%
109.81
124.33
-11.68%
Depreciation
226.10
218.27
3.59%
223.76
207.11
8.04%
218.25
223.67
-2.42%
213.35
211.33
0.96%
PBT
414.31
298.86
38.63%
426.37
365.26
16.73%
348.54
393.33
-11.39%
385.76
336.15
14.76%
Tax
127.12
124.97
1.72%
141.48
138.70
2.00%
134.22
140.59
-4.53%
141.88
121.79
16.50%
PAT
287.19
173.89
65.16%
284.90
226.56
25.75%
214.31
252.74
-15.21%
243.88
214.36
13.77%
PATM
7.35%
4.23%
7.39%
5.44%
6.17%
6.54%
6.61%
5.68%
EPS
5.93
4.36
36.01%
5.90
5.07
16.37%
4.45
5.68
-21.65%
5.23
4.88
7.17%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Net Sales
14,925.40
15,122.80
15,682.07
12,910.26
10,461.08
6,336.26
8,055.84
10,145.73
8,357.69
6,396.14
6,809.15
Net Sales Growth
-6.19%
-3.57%
21.47%
23.41%
65.10%
-21.35%
-20.60%
21.39%
30.67%
-6.07%
 
Cost Of Goods Sold
6,453.65
6,594.33
7,379.19
5,961.36
4,215.96
2,634.16
3,576.53
4,214.34
3,281.12
2,435.78
2,568.04
Gross Profit
8,471.75
8,528.46
8,302.88
6,948.91
6,245.12
3,702.11
4,479.31
5,931.40
5,076.57
3,960.37
4,241.12
GP Margin
56.76%
56.39%
52.95%
53.82%
59.70%
58.43%
55.60%
58.46%
60.74%
61.92%
62.29%
Total Expenditure
12,299.52
12,505.71
13,124.13
11,208.15
8,493.04
5,474.52
6,945.51
8,125.00
6,640.89
5,145.10
5,401.07
Power & Fuel Cost
-
817.23
766.50
827.88
576.84
396.10
481.43
591.89
491.55
405.00
422.95
% Of Sales
-
5.40%
4.89%
6.41%
5.51%
6.25%
5.98%
5.83%
5.88%
6.33%
6.21%
Employee Cost
-
1,869.89
1,860.00
1,563.10
1,464.68
1,071.06
1,195.46
1,246.30
1,089.20
930.92
915.26
% Of Sales
-
12.36%
11.86%
12.11%
14.00%
16.90%
14.84%
12.28%
13.03%
14.55%
13.44%
Manufacturing Exp.
-
1,677.93
1,766.83
1,464.66
1,260.38
747.76
879.09
1,129.96
974.10
750.44
836.33
% Of Sales
-
11.10%
11.27%
11.34%
12.05%
11.80%
10.91%
11.14%
11.66%
11.73%
12.28%
General & Admin Exp.
-
349.01
260.00
200.39
162.76
148.39
119.89
154.03
125.16
110.31
101.55
% Of Sales
-
2.31%
1.66%
1.55%
1.56%
2.34%
1.49%
1.52%
1.50%
1.72%
1.49%
Selling & Distn. Exp.
-
496.90
473.39
635.11
445.31
179.03
261.36
305.94
209.34
161.22
202.45
% Of Sales
-
3.29%
3.02%
4.92%
4.26%
2.83%
3.24%
3.02%
2.50%
2.52%
2.97%
Miscellaneous Exp.
-
700.40
618.22
555.66
367.12
298.03
431.75
482.54
470.42
351.42
202.45
% Of Sales
-
4.63%
3.94%
4.30%
3.51%
4.70%
5.36%
4.76%
5.63%
5.49%
5.21%
EBITDA
2,625.88
2,617.09
2,557.94
1,702.11
1,968.04
861.74
1,110.33
2,020.73
1,716.80
1,251.04
1,408.08
EBITDA Margin
17.59%
17.31%
16.31%
13.18%
18.81%
13.60%
13.78%
19.92%
20.54%
19.56%
20.68%
Other Income
211.84
290.62
231.84
238.27
243.80
168.90
187.86
230.00
142.01
119.28
132.13
Interest
375.99
417.49
495.58
298.62
160.41
107.73
171.33
127.22
106.53
99.96
115.96
Depreciation
881.46
873.62
848.20
735.59
730.30
612.16
543.34
513.16
460.69
452.05
452.98
PBT
1,574.98
1,616.60
1,446.00
906.17
1,321.13
310.75
583.53
1,610.36
1,291.59
818.32
971.27
Tax
544.70
542.55
528.83
318.56
303.45
101.51
112.46
566.38
441.79
286.59
316.48
Tax Rate
34.58%
37.17%
36.89%
37.03%
21.47%
2245.80%
22.29%
35.17%
36.93%
30.27%
32.77%
PAT
1,030.28
941.15
951.13
528.37
1,081.76
-96.40
392.74
1,043.55
762.83
654.05
652.43
PAT before Minority Interest
1,029.73
913.27
910.16
508.39
1,077.06
-96.99
392.15
1,043.97
754.35
660.15
649.33
Minority Interest
-0.55
27.88
40.97
19.98
4.70
0.59
0.59
-0.42
8.48
-6.10
3.10
PAT Margin
6.90%
6.22%
6.07%
4.09%
10.34%
-1.52%
4.88%
10.29%
9.13%
10.23%
9.58%
PAT Growth
18.76%
-1.05%
80.01%
-51.16%
-
-
-62.37%
36.80%
16.63%
0.25%
 
EPS
21.55
19.69
19.89
11.05
22.63
-2.02
8.21
21.83
15.96
13.68
13.65

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Shareholder's Funds
9,253.33
7,170.18
6,705.53
6,570.67
5,415.12
5,219.74
5,376.06
4,651.71
4,116.37
3,413.22
Share Capital
95.63
93.13
93.13
93.13
93.13
93.13
93.13
93.13
46.57
46.57
Total Reserves
9,144.97
7,064.32
6,608.66
6,475.92
5,321.99
5,126.61
5,282.93
4,558.58
4,069.80
3,366.65
Non-Current Liabilities
1,974.59
2,738.54
3,216.20
2,750.86
3,123.23
2,263.30
2,063.57
1,541.76
1,508.17
2,014.22
Secured Loans
659.95
448.03
459.54
486.69
454.21
0.67
10.66
191.05
242.00
245.19
Unsecured Loans
659.42
1,410.95
1,291.73
1,300.65
1,762.96
1,874.06
1,667.86
935.18
817.07
1,392.95
Long Term Provisions
219.22
180.68
141.17
176.07
192.31
172.18
134.29
132.09
131.54
116.57
Current Liabilities
8,703.01
9,280.11
8,276.86
6,114.22
4,517.73
3,967.39
4,108.81
3,753.88
3,206.16
2,868.78
Trade Payables
2,344.21
2,262.12
2,151.34
1,631.37
1,206.84
1,030.93
1,366.44
1,326.79
846.33
837.20
Other Current Liabilities
1,854.48
1,801.93
1,633.36
1,001.86
789.34
777.67
516.72
742.14
1,025.92
654.78
Short Term Borrowings
4,270.12
5,005.14
4,353.40
3,339.44
2,362.59
2,003.63
2,094.33
1,584.82
1,262.18
1,305.22
Short Term Provisions
234.19
210.91
138.75
141.55
158.96
155.16
131.32
100.13
71.73
71.58
Total Liabilities
19,898.18
19,183.95
18,234.66
15,491.83
13,087.78
11,482.42
11,578.28
9,976.77
8,840.74
8,291.96
Net Block
6,598.75
6,309.09
6,160.62
4,869.70
4,749.68
4,001.71
3,624.31
3,499.41
3,276.78
3,133.97
Gross Block
12,367.14
11,040.21
10,267.65
8,246.20
7,675.30
6,401.68
5,551.78
4,939.06
7,232.81
6,832.52
Accumulated Depreciation
5,648.08
4,731.12
4,107.03
3,376.50
2,917.17
2,399.97
1,927.47
1,439.64
3,956.02
3,698.55
Non Current Assets
9,665.83
9,168.44
9,232.64
7,560.87
6,873.34
6,211.37
6,039.38
5,395.90
4,620.69
4,037.58
Capital Work in Progress
1,731.72
991.24
701.16
1,124.76
900.11
1,142.67
830.68
343.78
453.18
408.81
Non Current Investment
709.74
823.50
1,518.77
695.73
529.87
552.23
983.65
1,117.43
368.68
162.57
Long Term Loans & Adv.
448.69
932.48
745.24
565.32
464.40
407.58
386.44
308.93
332.44
225.38
Other Non Current Assets
148.77
111.84
106.57
305.08
229.27
107.18
214.29
126.36
189.61
106.83
Current Assets
10,232.34
10,015.51
9,002.02
7,930.96
6,214.44
5,271.05
5,538.90
4,580.87
4,220.05
4,254.38
Current Investments
1,352.96
1,025.48
1,050.06
1,908.02
2,077.18
1,066.08
540.30
384.00
823.17
723.13
Inventories
3,578.44
3,216.08
3,126.25
2,710.46
1,793.94
1,734.70
1,844.67
1,359.89
1,075.20
996.78
Sundry Debtors
2,899.61
3,167.15
3,087.46
2,162.30
1,409.58
1,493.85
2,147.84
1,937.14
1,341.07
1,401.74
Cash & Bank
1,291.38
1,689.92
1,039.52
603.02
472.86
575.11
475.46
304.06
336.08
449.29
Other Current Assets
1,109.96
361.49
312.96
300.24
460.89
401.31
530.63
595.77
644.53
683.44
Short Term Loans & Adv.
816.90
555.39
385.77
246.93
238.57
260.23
332.59
293.04
224.14
283.77
Net Current Assets
1,529.34
735.40
725.16
1,816.74
1,696.71
1,303.66
1,430.09
826.99
1,013.89
1,385.60
Total Assets
19,898.17
19,183.95
18,234.66
15,491.83
13,087.78
11,482.42
11,578.28
9,976.77
8,840.74
8,291.96

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Cash From Operating Activity
1,796.34
1,664.39
1,294.47
505.85
1,020.02
1,521.95
911.47
967.36
1,051.67
1,355.78
PBT
1,459.53
1,433.68
860.38
1,413.53
4.52
504.61
1,610.36
1,196.14
946.79
965.80
Adjustment
1,287.55
1,172.83
887.66
671.70
725.24
789.68
526.02
561.64
399.18
496.89
Changes in Working Capital
-345.74
-423.60
-36.34
-1,226.86
383.66
460.74
-674.66
-397.87
-21.43
197.51
Cash after chg. in Working capital
2,401.35
2,182.91
1,711.70
858.38
1,113.42
1,755.04
1,461.71
1,359.91
1,324.55
1,660.20
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-605.01
-518.51
-417.23
-352.53
-93.40
-233.09
-550.25
-392.55
-272.87
-304.43
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-1,964.33
-666.75
-1,671.33
-690.05
-1,511.06
-1,132.24
-1,175.09
-814.16
-684.38
-926.82
Net Fixed Assets
-843.15
-425.50
-417.07
-143.23
-233.99
-692.38
-853.79
1,850.50
-406.74
-870.53
Net Investments
-1,579.74
-186.00
-379.56
-330.21
-1,216.44
-160.70
-131.38
-288.66
-350.90
-317.51
Others
458.56
-55.25
-874.70
-216.61
-60.63
-279.16
-189.92
-2,376.00
73.26
261.22
Cash from Financing Activity
-569.70
-202.69
280.27
310.17
578.29
-381.42
367.65
-314.42
-400.66
-448.33
Net Cash Inflow / Outflow
-737.69
794.96
-96.60
125.96
87.26
8.29
104.03
-161.22
-33.37
-19.38
Opening Cash & Equivalents
1,315.31
508.71
558.42
447.31
312.62
286.21
202.98
272.31
357.90
338.82
Closing Cash & Equivalent
621.03
1,315.31
508.71
558.42
447.31
312.62
286.21
202.98
324.53
357.90

Financial Ratios

Consolidated /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Book Value (Rs.)
193.28
153.73
143.94
141.09
116.31
112.11
115.47
99.91
88.41
73.31
ROA
4.67%
4.86%
3.01%
7.54%
-0.79%
3.40%
9.69%
8.02%
7.71%
7.86%
ROE
11.14%
13.13%
7.66%
17.97%
-1.82%
7.40%
20.82%
17.21%
17.53%
18.94%
ROCE
12.43%
13.75%
8.75%
13.61%
1.12%
7.13%
20.07%
17.20%
14.92%
16.93%
Fixed Asset Turnover
1.31
1.48
1.40
1.32
0.90
1.35
1.93
1.38
0.94
1.12
Receivable days
72.43
72.16
74.01
61.85
83.63
82.50
73.48
71.10
75.86
58.78
Inventory Days
81.12
73.17
82.29
78.00
101.63
81.09
57.64
52.81
57.31
52.93
Payable days
127.48
109.15
115.80
122.86
155.04
63.24
59.42
60.28
59.51
63.12
Cash Conversion Cycle
26.07
36.19
40.50
17.00
30.22
100.34
71.70
63.64
73.66
48.59
Total Debt/Equity
0.68
1.04
1.01
0.86
0.92
0.83
0.75
0.70
0.76
0.99
Interest Cover
4.49
3.90
3.77
9.61
1.04
3.95
13.66
12.23
10.47
9.33

Annual Reports:

FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016

News Update:


  • Bharat Forge enters into BTA to transfer defence business to KSSL
    7th Aug 2025, 10:11 AM

    The Company and KSSL have also entered into a intellectual property rights licensing agreement

    Read More
  • Bharat Forge - Quarterly Results
    6th Aug 2025, 13:22 PM

    Read More
  • Bharat Forge planning to establish advanced ring mill for aerospace applications
    31st Jul 2025, 09:15 AM

    The new ring mill is expected to be operational by 2026 and will support both domestic and international aerospace programs

    Read More
  • Bharat Forge’s arm incorporates joint venture in Spain
    18th Jul 2025, 10:30 AM

    This will result in growth opportunities and business expansion in line with the strategic goals of KSSL and DUMA

    Read More
  • Bharat Forge’s arm incorporates wholly-owned subsidiary
    3rd Jul 2025, 17:19 PM

    This will result in growth opportunities and business expansion in line with the strategic goals of KSSL

    Read More
  • Bharat Forge completes acquisition of AAM India Manufacturing
    2nd Jul 2025, 16:13 PM

    This acquisition will enable it to complement its component offerings with products solutions to OEMs in India & Globally

    Read More
  • Bharat Forge signs MoU with Turgis Gaillard
    18th Jun 2025, 09:41 AM

    AAROK is a MALE-class UAV developed to offer the best available technology at the lowest acquisition and deployment cost

    Read More

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