Bharat Forge, 500493, BHARATFORG Share Price, Rating, Research, Analysis, Fundamental & Historical Data

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

91,360.35
80.91
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

96,724.53
0.44%
9.48

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

48.87
62.89
66.49

P:BV (Average)

8 Years
5 Years
3 Years

5.97
6.69
7.33

EV:EBITDA (Average)

8 Years
5 Years
3 Years

22.40
24.55
24.11

Earnings Forecasts:

(Updated: 21-02-2026)

Description 2024 2025 2026 2027
Adj EPS 20.05 27.47 37.49 47.07
P/E Ratio 95.32 69.57 50.98 40.60
Revenue 15122.8 16499.1 19186 21693.3
EBITDA 2713.12 2944.12 3623.52 4261.2
Net Income 941.15 1312.15 1791.71 2235.3
ROA 4.77 7.33 9.56 11.5
P/B Ratio 9.87 8.84 7.84 6.85
ROE 11.46 13.41 16.44 18.01
FCFF -39.71 1156.22 1364.78 1869.7
FCFF Yield -0.05 1.32 1.56 2.13
Net Debt 4073.27 3588.21 2948.57 1855.44
BVPS 193.55 216.09 243.74 278.83

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 2,083.66 2,095.94 -0.59% 1,946.86 2,246.67 -13.34% 2,104.71 2,338.10 -9.98% 2,163.03 2,328.59 -7.11%
Expenses 1,517.24 1,486.10 2.10% 1,395.81 1,621.24 -13.90% 1,532.93 1,686.63 -9.11% 1,546.35 1,669.43 -7.37%
EBITDA 566.42 609.84 -7.12% 551.05 625.43 -11.89% 571.77 651.47 -12.23% 616.68 659.16 -6.44%
EBIDTM 27.18% 29.10% 28.30% 27.84% 27.17% 27.86% 28.51% 28.31%
Other Income 27.32 31.39 -12.97% 46.46 34.80 33.51% 42.19 44.59 -5.38% 48.08 38.18 25.93%
Interest 41.44 57.31 -27.69% 48.29 63.51 -23.96% 52.24 70.18 -25.56% 58.81 63.38 -7.21%
Depreciation 111.99 110.39 1.45% 111.20 108.34 2.64% 112.45 109.43 2.76% 112.21 107.91 3.98%
PBT 391.58 472.61 -17.15% 430.14 501.91 -14.30% 449.27 370.78 21.17% 473.46 512.72 -7.66%
Tax 103.54 126.57 -18.20% 120.20 140.75 -14.60% 110.75 101.36 9.26% 127.83 123.06 3.88%
PAT 288.04 346.04 -16.76% 309.94 361.16 -14.18% 338.52 269.42 25.65% 345.63 389.66 -11.30%
PATM 13.82% 16.51% 15.92% 16.08% 16.08% 11.52% 15.98% 16.73%
EPS 6.02 7.24 -16.85% 6.48 7.55 -14.17% 7.08 5.64 25.53% 7.23 8.15 -11.29%

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 4,342.93 3,475.54 24.96% 4,031.93 3,688.51 9.31% 3,908.75 4,106.15 -4.81% 3,852.60 4,164.21 -7.48%
Expenses 3,593.03 2,851.16 26.02% 3,306.27 3,041.23 8.71% 3,235.85 3,365.19 -3.84% 3,171.28 3,520.93 -9.93%
EBITDA 749.90 624.38 20.10% 725.65 647.27 12.11% 672.90 740.96 -9.19% 681.33 643.28 5.91%
EBIDTM 17.27% 17.97% 18.00% 17.55% 17.22% 18.05% 17.68% 15.45%
Other Income 42.48 38.37 10.71% 53.51 61.65 -13.20% 49.72 51.65 -3.74% 62.10 54.83 13.26%
Interest 76.64 95.96 -20.13% 80.09 109.81 -27.06% 82.22 123.71 -33.54% 88.00 115.52 -23.82%
Depreciation 248.84 218.25 14.02% 240.89 213.35 12.91% 226.10 218.27 3.59% 223.76 207.11 8.04%
PBT 411.19 348.54 17.97% 458.19 385.76 18.78% 414.31 298.86 38.63% 426.37 365.26 16.73%
Tax 134.42 134.22 0.15% 157.55 141.88 11.04% 127.12 124.97 1.72% 141.48 138.70 2.00%
PAT 276.77 214.31 29.14% 300.64 243.88 23.27% 287.19 173.89 65.16% 284.90 226.56 25.75%
PATM 6.37% 6.17% 7.46% 6.61% 7.35% 4.23% 7.39% 5.44%
EPS 5.53 4.45 24.27% 6.26 5.23 19.69% 5.93 4.36 36.01% 5.90 5.07 16.37%

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 8,298.26 8,843.73 8,968.63 7,572.71 6,254.61 3,651.51 4,563.88 6,519.99 5,315.96 3,864.66 4,333.81 Net Sales Growth -7.89% -1.39% 18.43% 21.07% 71.29% -19.99% -30.00% 22.65% 37.55% -10.83% Cost Of Goods Sold 3,187.05 3,592.17 3,830.10 3,283.35 2,552.60 1,414.45 1,748.91 2,435.67 1,887.02 1,320.54 1,489.35 Gross Profit 5,111.21 5,251.56 5,138.53 4,289.37 3,702.01 2,237.06 2,814.97 4,084.31 3,428.95 2,544.12 2,844.45 GP Margin 61.59% 59.38% 57.29% 56.64% 59.19% 61.26% 61.68% 62.64% 64.50% 65.83% 65.63% Total Expenditure 5,992.33 6,417.05 6,499.89 5,732.08 4,587.07 2,923.89 3,548.37 4,643.90 3,779.20 2,792.06 3,017.00 Power & Fuel Cost - 475.93 450.24 477.31 347.92 265.12 356.18 462.85 377.57 301.68 313.67 % Of Sales - 5.38% 5.02% 6.30% 5.56% 7.26% 7.80% 7.10% 7.10% 7.81% 7.24% Employee Cost - 636.61 601.45 543.01 505.79 448.24 482.36 486.29 435.90 375.94 372.52 % Of Sales - 7.20% 6.71% 7.17% 8.09% 12.28% 10.57% 7.46% 8.20% 9.73% 8.60% Manufacturing Exp. - 977.05 1,020.76 852.55 746.78 450.40 508.73 731.97 591.71 421.56 422.95 % Of Sales - 11.05% 11.38% 11.26% 11.94% 12.33% 11.15% 11.23% 11.13% 10.91% 9.76% General & Admin Exp. - 154.83 156.54 127.10 111.11 100.66 85.11 95.31 80.53 66.19 70.36 % Of Sales - 1.75% 1.75% 1.68% 1.78% 2.76% 1.86% 1.46% 1.51% 1.71% 1.62% Selling & Distn. Exp. - 136.82 126.03 121.94 127.95 70.64 68.45 111.15 93.61 63.37 80.22 % Of Sales - 1.55% 1.41% 1.61% 2.05% 1.93% 1.50% 1.70% 1.76% 1.64% 1.85% Miscellaneous Exp. - 443.65 314.77 326.82 194.92 174.38 298.63 320.67 312.87 242.79 80.22 % Of Sales - 5.02% 3.51% 4.32% 3.12% 4.78% 6.54% 4.92% 5.89% 6.28% 6.18% EBITDA 2,305.92 2,426.68 2,468.74 1,840.63 1,667.54 727.62 1,015.51 1,876.09 1,536.76 1,072.60 1,316.81 EBITDA Margin 27.79% 27.44% 27.53% 24.31% 26.66% 19.93% 22.25% 28.77% 28.91% 27.75% 30.38% Other Income 164.05 235.58 171.38 220.97 215.69 140.46 160.89 196.03 118.69 99.49 112.34 Interest 200.78 249.81 287.41 212.69 107.30 77.92 145.03 102.41 84.84 72.77 90.51 Depreciation 447.85 440.37 442.04 425.96 411.79 366.07 344.87 346.63 306.75 294.85 308.45 PBT 1,744.45 1,972.08 1,910.66 1,422.96 1,364.14 424.09 686.50 1,623.08 1,263.88 804.47 1,030.20 Tax 462.32 496.51 470.27 337.27 318.14 102.81 119.08 551.80 423.38 257.42 328.36 Tax Rate 26.50% 27.30% 24.81% 24.39% 22.79% 24.78% 20.09% 34.00% 37.45% 30.55% 32.00% PAT 1,282.13 1,322.25 1,424.96 1,045.47 1,077.80 312.09 473.52 1,071.28 707.29 585.08 697.62 PAT before Minority Interest 1,282.13 1,322.25 1,424.96 1,045.47 1,077.80 312.09 473.52 1,071.28 707.29 585.08 697.62 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 15.45% 14.95% 15.89% 13.81% 17.23% 8.55% 10.38% 16.43% 13.31% 15.14% 16.10% PAT Growth -6.16% -7.21% 36.30% -3.00% 245.35% -34.09% -55.80% 51.46% 20.89% -16.13% EPS 26.82 27.66 29.80 21.87 22.54 6.53 9.90 22.41 14.79 12.24 14.59

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 16,136.21 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 4.55% -3.57% 21.47% 23.41% 65.10% -21.35% -20.60% 21.39% 30.67% -6.07% Cost Of Goods Sold 7,161.24 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 8,974.97 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 55.62% 56.39% 52.95% 53.82% 59.70% 58.43% 55.60% 58.46% 60.74% 61.92% 62.29% Total Expenditure 13,306.43 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 2,829.78 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 17.54% 17.31% 16.31% 13.18% 18.81% 13.60% 13.78% 19.92% 20.54% 19.56% 20.68% Other Income 207.81 290.62 231.84 238.27 243.80 168.90 187.86 230.00 142.01 119.28 132.13 Interest 326.95 417.49 495.58 298.62 160.41 107.73 171.33 127.22 106.53 99.96 115.96 Depreciation 939.59 873.62 848.20 735.59 730.30 612.16 543.34 513.16 460.69 452.05 452.98 PBT 1,710.06 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 560.57 542.55 528.83 318.56 303.45 101.51 112.46 566.38 441.79 249.17 316.48 Tax Rate 32.78% 37.17% 36.89% 37.03% 21.47% 2245.80% 22.29% 35.17% 36.93% 26.32% 32.77% PAT 1,149.50 941.15 951.13 528.37 1,081.76 -126.38 349.84 1,032.18 762.45 691.50 652.43 PAT before Minority Interest 1,140.01 913.27 910.16 508.39 1,077.06 -126.97 349.25 1,032.60 753.97 697.60 649.33 Minority Interest -9.49 27.88 40.97 19.98 4.70 0.59 0.59 -0.42 8.48 -6.10 3.10 PAT Margin 7.12% 6.22% 6.07% 4.09% 10.34% -1.99% 4.34% 10.17% 9.12% 10.81% 9.58% PAT Growth 33.87% -1.05% 80.01% -51.16% - - -66.11% 35.38% 10.26% 5.99% EPS 24.04 19.69 19.89 11.05 22.63 -2.64 7.32 21.59 15.95 14.46 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 10,964.27 8,568.78 7,700.00 7,109.77 5,948.63 5,355.06 5,398.22 4,614.28 4,231.93 3,581.52 Share Capital 95.63 93.13 93.13 93.13 93.13 93.13 93.13 93.13 46.57 46.57 Total Reserves 10,868.64 8,475.66 7,606.87 7,016.65 5,855.50 5,261.94 5,305.09 4,521.15 4,185.36 3,534.95 Non-Current Liabilities 1,164.35 1,814.70 1,809.86 1,860.73 2,219.26 1,791.06 1,713.57 1,199.09 1,150.35 1,712.99 Secured Loans 0.00 0.00 0.00 0.00 0.67 0.67 0.27 0.34 0.63 0.55 Unsecured Loans 659.42 1,282.06 1,203.18 1,300.65 1,760.26 1,561.89 1,417.89 909.47 789.72 1,392.73 Long Term Provisions 90.98 53.78 22.03 31.31 46.58 48.65 25.10 19.46 26.89 22.01 Current Liabilities 5,131.63 4,804.16 4,684.25 3,870.34 2,946.66 2,571.31 2,827.27 2,552.58 2,294.74 1,884.65 Trade Payables 1,386.33 1,287.12 1,212.67 966.99 800.92 611.25 811.87 688.87 463.95 431.70 Other Current Liabilities 901.51 692.47 756.17 700.58 492.77 464.43 314.18 608.69 874.87 508.00 Short Term Borrowings 2,677.01 2,689.21 2,638.63 2,121.55 1,556.02 1,408.35 1,621.98 1,166.60 907.68 896.10 Short Term Provisions 166.78 135.37 76.77 81.23 96.94 87.28 79.23 88.43 48.24 48.85 Total Liabilities 17,260.25 15,187.64 14,194.11 12,840.84 11,114.55 9,717.43 9,939.06 8,365.95 7,677.02 7,179.16 Net Block 3,101.18 3,156.41 3,237.70 3,301.12 3,459.01 2,807.77 2,633.88 2,527.62 2,373.32 2,276.93 Gross Block 6,510.06 6,129.00 5,776.31 5,414.46 5,249.32 4,390.73 3,880.25 3,436.68 5,215.32 4,860.90 Accumulated Depreciation 3,408.89 2,972.60 2,538.61 2,113.34 1,790.31 1,582.96 1,246.37 909.06 2,842.00 2,583.96 Non Current Assets 9,165.50 7,584.78 7,808.15 6,389.30 5,879.52 5,454.56 5,531.72 4,914.48 4,172.90 3,750.35 Capital Work in Progress 838.13 376.04 303.23 248.01 269.92 894.52 712.62 302.40 374.26 321.94 Non Current Investment 4,780.08 3,456.12 3,526.40 2,000.05 1,495.57 1,290.10 1,651.60 1,676.52 948.69 697.75 Long Term Loans & Adv. 270.74 513.49 671.00 547.40 431.04 354.70 319.05 281.30 290.01 347.03 Other Non Current Assets 147.22 82.44 69.53 292.43 223.69 107.18 214.29 126.35 186.33 106.40 Current Assets 8,094.75 7,602.87 6,385.95 6,451.55 5,235.03 4,262.87 4,407.34 3,451.47 3,495.70 3,428.81 Current Investments 1,264.76 1,008.98 752.70 1,899.49 2,073.47 1,062.50 540.30 384.00 823.17 723.21 Inventories 1,540.17 1,329.48 1,263.84 1,111.06 874.86 757.60 760.42 538.05 426.49 366.35 Sundry Debtors 3,819.96 3,618.18 3,243.37 2,481.05 1,580.38 1,654.91 2,258.36 1,790.80 1,379.94 1,420.15 Cash & Bank 928.54 1,053.92 402.37 382.84 280.13 444.20 369.84 187.69 278.17 374.69 Other Current Assets 541.31 170.06 183.57 190.78 426.20 343.66 478.42 550.93 587.93 544.41 Short Term Loans & Adv. 436.91 422.26 540.11 386.32 218.82 222.46 292.53 313.03 221.31 201.45 Net Current Assets 2,963.11 2,798.71 1,701.70 2,581.21 2,288.37 1,691.56 1,580.07 898.89 1,200.96 1,544.16 Total Assets 17,260.25 15,187.65 14,194.10 12,840.85 11,114.55 9,717.43 9,939.06 8,365.95 7,668.60 7,179.16

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 1,518.77 695.73 529.58 551.94 983.36 1,117.14 368.39 162.29 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 4,218.38 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 1,109.96 361.49 312.96 300.24 460.89 401.31 530.63 595.77 642.85 683.44 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 1,012.21 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 8,839.07 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 1,701.16 2,091.56 788.26 275.45 813.74 1,376.66 796.58 941.29 892.38 1,306.36 PBT 1,818.76 1,895.23 1,382.75 1,395.94 414.91 592.59 1,623.08 1,130.67 842.49 1,025.98 Adjustment 748.68 600.24 564.03 272.23 295.92 574.65 319.07 510.99 294.03 358.89 Changes in Working Capital -340.48 39.68 -763.06 -1,048.10 181.82 428.67 -617.20 -318.70 19.73 222.28 Cash after chg. in Working capital 2,226.96 2,535.15 1,183.72 620.07 892.64 1,595.91 1,324.95 1,322.97 1,156.26 1,607.15 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -525.80 -443.60 -395.46 -344.63 -78.91 -219.25 -528.37 -381.67 -263.88 -300.79 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 -2,840.71 -808.77 -600.79 -248.68 -1,129.95 -729.34 -1,001.83 -696.84 -579.33 -651.28 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 -330.50 -1,216.44 -160.70 -131.38 -288.66 -350.90 -317.22 Others -417.82 -197.27 195.84 225.05 320.48 123.74 -16.66 -2,258.68 178.31 536.47 Cash from Financing Activity 457.04 -640.51 -172.28 74.73 368.49 -619.74 298.73 -366.57 -371.93 -676.71 Net Cash Inflow / Outflow -682.51 642.28 15.19 101.50 52.28 27.58 93.49 -122.11 -58.88 -21.63 Opening Cash & Equivalents 1,041.29 397.72 377.77 275.91 223.63 196.05 102.56 224.68 283.56 305.19 Closing Cash & Equivalent 358.92 1,041.29 397.72 377.77 275.91 223.63 196.05 102.56 224.68 283.56

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 -330.50 -1,216.44 -160.70 -131.38 -288.66 -350.90 -317.22 Others 458.56 -55.25 -874.70 -216.32 -60.63 -279.16 -189.92 -2,376.00 73.26 260.93 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.) 229.33 184.04 165.38 152.70 127.77 115.02 115.94 99.11 90.89 76.92 ROA 8.15% 9.70% 7.73% 9.00% 3.00% 4.82% 11.70% 8.82% 7.88% 10.29% ROE 13.54% 17.52% 14.12% 16.51% 5.52% 8.81% 21.40% 15.99% 14.98% 19.71% ROCE 14.83% 17.41% 13.81% 14.62% 5.43% 8.59% 21.96% 17.64% 14.19% 19.34% Fixed Asset Turnover 1.42 1.53 1.37 1.19 0.76 1.10 1.78 1.24 0.81 1.01 Receivable days 151.67 137.46 136.56 117.05 161.70 156.48 113.34 107.70 125.68 79.83 Inventory Days 58.52 51.95 56.66 57.23 81.59 60.70 36.35 32.76 35.58 36.44 Payable days 135.82 119.11 121.15 126.40 182.21 74.09 59.16 56.84 58.09 60.50 Cash Conversion Cycle 74.37 70.30 72.06 47.89 61.08 143.10 90.52 83.62 103.17 55.77 Total Debt/Equity 0.36 0.51 0.57 0.55 0.61 0.60 0.59 0.54 0.57 0.75 Interest Cover 8.28 7.59 7.50 14.01 6.33 5.09 16.85 14.33 12.58 12.34

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

Top Investors:

life insurance corporation of india

hdfc mutual fund - hdfc mid-cap fund

kotak flexicap fund

sbi large & midcap fund

mirae asset large & midcap fund

nippon life india trustee ltd-a/c nippon india growth mid cap fund

sbi life insurance co. ltd

amansa holdings private limited

nps trust- a/c hdfc pension fund management limited scheme e - tier i

icici prudential large & mid cap fund

Annual Reports:

News Update:

Bharat Forge signs MoU with VVDN Technologies
18th Feb 2026, 16:29 PM

MoU aims to record their broad understanding to explore a strategic collaboration across key technology-driven sectors
Read More
Bharat Forge reports 24% rise in Q3 consolidated net profit
12th Feb 2026, 15:43 PM

The consolidated total income of the company increased by 24.80% at Rs 4,385.41 crore for Q3FY26
Read More
Bharat Forge’s Aerospace Division secures contracts worth Rs 300 crore
16th Jan 2026, 15:00 PM

These contracts are for the Indian Army and also for end use at Indian Navy, cover a range of indigenous unmanned systems
Read More
Bharat Forge bags contract worth Rs 1,661.9 crore
31st Dec 2025, 09:09 AM

The contract sets forth order execution within five years
Read More

Bharat Forge Ltd.

Forgings

BSE: 500493 | NSE: BHARATFORG

Stock Summary

Chart

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

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Consolidated Figures in Rs. Crores /

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Cash Flow

Consolidated Figures in Rs. Crores /

Financial Ratios

Consolidated /

Top Investors:

Annual Reports:

News Update:

Bharat Forge Ltd.

Forgings

BSE: 500493 | NSE: BHARATFORG

Stock Summary

Shareholding Pattern

Chart

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

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Consolidated Figures in Rs. Crores /

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Cash Flow

Consolidated Figures in Rs. Crores /

Financial Ratios

Consolidated /

Top Investors:

Annual Reports:

News Update: