Nifty
:
24383.60
Sensex
:
78094.64
66.45 (0.27%)
166.49 (0.21%)
Nifty
Sensex
:
:
24383.60
78094.64
66.45 (0.27%)
166.49 (0.21%)

Bharat Forge Ltd.

Forgings

Rating :
70/99

BSE: 500493 | NSE: BHARATFORG

NSE BSE
2199.80
31-Jul-2026
  • Open
  • High
  • Low
  • Previous Close
  •  2164.7
  •  2212.6
  •  2161.5
  •  2164.70
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  952103
  •  2091400431.3
  •  2238
  •  1100.5

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 1,05,191.45
  • 97.43
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 1,11,063.89
  • 0.39%
  • 11.00

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 44.07%
  • 0.50%
  • 6.76%
  • FII
  • DII
  • Others
  • 15.04%
  • 28.56%
  • 5.07%

Chart

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

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 10.15
  • 9.95
  • 2.35

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 8.75
  • 8.01
  • 2.50

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 4.56
  • -0.04
  • 4.32

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 56.97
  • 65.59
  • 70.05

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 6.09
  • 6.99
  • 7.89

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 22.90
  • 23.70
  • 25.54

Earnings Forecasts:

(Updated: 01-08-2026)
Description
2026
2027
2028
2029
Adj EPS
79
0
33.65
27.26
P/E Ratio
27.85
-
65.37
80.70
Revenue
58.26
44.13
39.57
16537.8
EBITDA
19856.1
22739.8
24167.6
2943.3
Net Income
3625.1
4422.34
4830.85
1311.98
ROA
1760.43
2323.76
2630.18
7.33
P/B Ratio
0.52
0.71
1.47
10.19
ROE
9.28
8.01
6.94
13.29
FCFF
16.87
19.24
18.59
1032.09
FCFF Yield
1314.49
1805.37
2297.83
0.96
Net Debt
1.22
1.67
2.13
3589.95
BVPS
4199.49
3091.29
1494.48
215.85

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Jun 25
Jun 24
Var%
Net Sales
4,528.04
3,852.60
17.53%
4,342.93
3,475.54
24.96%
4,031.93
3,688.51
9.31%
3,908.75
4,106.15
-4.81%
Expenses
3,749.83
3,171.28
18.24%
3,593.03
2,851.16
26.02%
3,306.27
3,041.23
8.71%
3,235.85
3,365.19
-3.84%
EBITDA
778.21
681.33
14.22%
749.90
624.38
20.10%
725.65
647.27
12.11%
672.90
740.96
-9.19%
EBIDTM
17.19%
17.68%
17.27%
17.97%
18.00%
17.55%
17.22%
18.05%
Other Income
52.97
62.10
-14.70%
42.48
38.37
10.71%
53.51
61.65
-13.20%
49.72
51.65
-3.74%
Interest
84.40
88.00
-4.09%
76.64
95.96
-20.13%
80.09
109.81
-27.06%
82.22
123.71
-33.54%
Depreciation
255.09
223.76
14.00%
248.84
218.25
14.02%
240.89
213.35
12.91%
226.10
218.27
3.59%
PBT
392.96
426.37
-7.84%
411.19
348.54
17.97%
458.19
385.76
18.78%
414.31
298.86
38.63%
Tax
158.69
141.48
12.16%
134.42
134.22
0.15%
157.55
141.88
11.04%
127.12
124.97
1.72%
PAT
234.27
284.90
-17.77%
276.77
214.31
29.14%
300.64
243.88
23.27%
287.19
173.89
65.16%
PATM
5.17%
7.39%
6.37%
6.17%
7.46%
6.61%
7.35%
4.23%
EPS
4.86
5.90
-17.63%
5.53
4.45
24.27%
6.26
5.23
19.69%
5.93
4.36
36.01%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Net Sales
-
16,811.65
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
Net Sales Growth
-
11.17%
-3.57%
21.47%
23.41%
65.10%
-21.35%
-20.60%
21.39%
30.67%
 
Cost Of Goods Sold
-
7,589.58
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
Gross Profit
-
9,222.07
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
GP Margin
-
54.86%
56.39%
52.95%
53.82%
59.70%
58.43%
55.60%
58.46%
60.74%
61.92%
Total Expenditure
-
13,918.28
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
Power & Fuel Cost
-
880.84
817.23
766.50
827.88
576.84
396.10
481.43
591.89
491.55
405.00
% Of Sales
-
5.24%
5.40%
4.89%
6.41%
5.51%
6.25%
5.98%
5.83%
5.88%
6.33%
Employee Cost
-
2,103.42
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
% Of Sales
-
12.51%
12.36%
11.86%
12.11%
14.00%
16.90%
14.84%
12.28%
13.03%
14.55%
Manufacturing Exp.
-
1,827.45
1,677.93
1,766.83
1,464.66
1,260.38
747.76
879.09
1,129.96
974.10
750.44
% Of Sales
-
10.87%
11.10%
11.27%
11.34%
12.05%
11.80%
10.91%
11.14%
11.66%
11.73%
General & Admin Exp.
-
375.79
349.01
260.00
200.39
162.76
148.39
119.89
154.03
125.16
110.31
% Of Sales
-
2.24%
2.31%
1.66%
1.55%
1.56%
2.34%
1.49%
1.52%
1.50%
1.72%
Selling & Distn. Exp.
-
490.56
496.90
473.39
635.11
445.31
179.03
261.36
305.94
209.34
161.22
% Of Sales
-
2.92%
3.29%
3.02%
4.92%
4.26%
2.83%
3.24%
3.02%
2.50%
2.52%
Miscellaneous Exp.
-
650.63
700.40
618.22
555.66
367.12
298.03
431.75
482.54
470.42
161.22
% Of Sales
-
3.87%
4.63%
3.94%
4.30%
3.51%
4.70%
5.36%
4.76%
5.63%
5.49%
EBITDA
-
2,893.37
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
EBITDA Margin
-
17.21%
17.31%
16.31%
13.18%
18.81%
13.60%
13.78%
19.92%
20.54%
19.56%
Other Income
-
231.98
290.62
231.84
238.27
243.80
168.90
187.86
230.00
142.01
119.28
Interest
-
323.35
417.49
495.58
298.62
160.41
107.73
171.33
127.22
106.53
99.96
Depreciation
-
970.92
873.62
848.20
735.59
730.30
612.16
543.34
513.16
460.69
452.05
PBT
-
1,831.09
1,616.60
1,446.00
906.17
1,321.13
310.75
583.53
1,610.36
1,291.59
818.32
Tax
-
577.77
542.55
528.83
318.56
303.45
101.51
112.46
566.38
441.79
249.17
Tax Rate
-
34.46%
37.17%
36.89%
37.03%
21.47%
2245.80%
22.29%
35.17%
36.93%
26.32%
PAT
-
1,079.66
941.15
951.13
528.37
1,081.76
-126.38
349.84
1,032.18
762.45
691.50
PAT before Minority Interest
-
1,089.40
913.27
910.16
508.39
1,077.06
-126.97
349.25
1,032.60
753.97
697.60
Minority Interest
-
-9.74
27.88
40.97
19.98
4.70
0.59
0.59
-0.42
8.48
-6.10
PAT Margin
-
6.42%
6.22%
6.07%
4.09%
10.34%
-1.99%
4.34%
10.17%
9.12%
10.81%
PAT Growth
-
14.72%
-1.05%
80.01%
-51.16%
-
-
-66.11%
35.38%
10.26%
 
EPS
-
22.58
19.69
19.89
11.05
22.63
-2.64
7.32
21.59
15.95
14.46

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Shareholder's Funds
9,579.84
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
Share Capital
95.63
95.63
93.13
93.13
93.13
93.13
93.13
93.13
93.13
46.57
Total Reserves
9,471.48
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
Non-Current Liabilities
2,909.49
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
Secured Loans
760.76
659.95
448.03
459.54
486.69
454.21
0.67
10.66
191.05
242.00
Unsecured Loans
1,051.60
659.42
1,410.95
1,291.73
1,300.65
1,762.96
1,874.06
1,667.86
935.18
817.07
Long Term Provisions
290.66
219.22
180.68
141.17
176.07
192.31
172.18
134.29
132.09
131.54
Current Liabilities
9,581.44
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
Trade Payables
2,995.66
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
Other Current Liabilities
1,585.38
1,854.48
1,801.93
1,633.36
1,001.86
789.34
777.67
516.72
742.14
1,025.92
Short Term Borrowings
4,750.73
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
Short Term Provisions
249.66
234.19
210.91
138.75
141.55
158.96
155.16
131.32
100.13
71.73
Total Liabilities
22,047.75
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
Net Block
8,186.83
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
Gross Block
15,510.25
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
Accumulated Depreciation
7,323.42
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
Non Current Assets
10,844.90
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
Capital Work in Progress
1,298.37
1,731.72
991.24
701.16
1,124.76
900.11
1,142.67
830.68
343.78
453.18
Non Current Investment
564.58
709.74
823.50
1,518.77
695.73
529.58
551.94
983.36
1,117.14
368.39
Long Term Loans & Adv.
515.44
448.69
932.48
745.24
565.32
464.40
407.58
386.44
308.93
332.44
Other Non Current Assets
251.52
148.77
111.84
106.57
305.08
229.27
107.18
214.29
126.36
189.61
Current Assets
11,202.86
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
Current Investments
1,173.92
1,352.96
1,025.48
1,050.06
1,908.02
2,077.18
1,066.08
540.30
384.00
823.17
Inventories
4,052.78
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
Sundry Debtors
3,909.80
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
Cash & Bank
989.94
1,291.38
1,689.92
1,039.52
603.02
472.86
575.11
475.46
304.06
336.08
Other Current Assets
1,076.41
293.06
361.49
312.96
547.17
460.89
401.31
530.63
595.77
642.85
Short Term Loans & Adv.
776.98
816.90
555.39
385.77
246.93
238.57
260.23
332.59
293.04
224.14
Net Current Assets
1,621.42
1,529.34
735.40
725.16
1,816.74
1,696.71
1,303.66
1,430.09
826.99
1,012.21
Total Assets
22,047.76
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

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Cash From Operating Activity
1,486.64
1,796.34
1,664.39
1,294.47
505.85
1,020.02
1,521.95
911.47
967.36
1,051.67
PBT
1,676.64
1,459.53
1,433.68
860.38
1,413.53
4.52
504.61
1,610.36
1,196.14
946.79
Adjustment
1,278.36
1,287.55
1,172.83
887.66
671.70
725.24
789.68
526.02
561.64
399.18
Changes in Working Capital
-903.73
-345.74
-423.60
-36.34
-1,226.86
383.66
460.74
-674.66
-397.87
-21.43
Cash after chg. in Working capital
2,051.27
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
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-564.63
-605.01
-518.51
-417.23
-352.53
-93.40
-233.09
-550.25
-392.55
-272.87
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
-1,033.03
-1,964.33
-666.75
-1,671.33
-690.05
-1,511.06
-1,132.24
-1,175.09
-814.16
-684.38
Net Fixed Assets
-295.52
-843.15
-425.50
-417.07
-143.23
-233.99
-692.38
-853.79
1,850.50
-406.74
Net Investments
-773.30
-1,579.74
-186.00
-379.56
-330.50
-1,216.44
-160.70
-131.38
-288.66
-350.90
Others
35.79
458.56
-55.25
-874.70
-216.32
-60.63
-279.16
-189.92
-2,376.00
73.26
Cash from Financing Activity
-441.99
-569.70
-202.69
280.27
310.17
578.29
-381.42
367.65
-314.42
-400.66
Net Cash Inflow / Outflow
11.63
-737.69
794.96
-96.60
125.96
87.26
8.29
104.03
-161.22
-33.37
Opening Cash & Equivalents
621.03
1,315.31
508.71
558.42
447.31
312.62
286.21
202.98
272.31
357.90
Closing Cash & Equivalent
847.88
621.03
1,315.31
508.71
558.42
447.31
312.62
286.21
202.98
324.53

Financial Ratios

Consolidated /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Book Value (Rs.)
200.11
193.28
153.73
143.94
141.09
116.31
112.11
115.47
99.91
88.41
ROA
5.19%
4.67%
4.86%
3.01%
7.54%
-0.79%
3.40%
9.69%
8.02%
7.71%
ROE
11.58%
11.14%
13.13%
7.66%
17.97%
-1.82%
7.40%
20.82%
17.21%
17.53%
ROCE
12.46%
12.43%
13.75%
8.75%
13.61%
1.12%
7.13%
20.07%
17.20%
14.92%
Fixed Asset Turnover
1.20
1.31
1.48
1.40
1.32
0.90
1.35
1.93
1.38
0.94
Receivable days
74.33
72.43
72.16
74.01
61.85
83.63
82.50
73.48
71.10
75.86
Inventory Days
83.30
81.12
73.17
82.29
78.00
101.63
81.09
57.64
52.81
57.31
Payable days
128.40
127.48
109.15
115.80
122.86
155.04
63.24
59.42
60.28
59.51
Cash Conversion Cycle
29.22
26.07
36.19
40.50
17.00
30.22
100.34
71.70
63.64
73.66
Total Debt/Equity
0.72
0.68
1.04
1.01
0.86
0.92
0.83
0.75
0.70
0.76
Interest Cover
6.16
4.49
3.90
3.77
9.61
1.04
3.95
13.66
12.23
10.47

Annual Reports:

FY 2026
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017

News Update:


  • Bharat Forge inks MoU with Flying Whales to develop, manufacture heavy-lift airships
    22nd Jul 2026, 14:57 PM

    The two companies will work towards establishing in India the manufacture, integration and production of Flying Whales-Bharat Forge airships

    Read More
  • Bharat Forge signs Rs 425 crore contract with Ministry of Defence
    20th Jun 2026, 10:02 AM

    The contract is for the supply of gas turbine generators to the Indian Navy

    Read More
  • Bharat Forge’s arm signs strategic partnership with AM General
    18th Jun 2026, 17:40 PM

    Leveraging this strategic partnership, AM General has also offered a proposal to participate in the U.S Army MTC program

    Read More
  • Bharat Forge’s arm unveils ‘Simha 4x4’ with Paramount
    17th Jun 2026, 12:42 PM

    Kalyani Strategic Systems, along with Paramount, has unveiled Simha 4x4 - a next-generation Light Armoured Multi-Purpose Vehicle

    Read More
  • Bharat Forge’s arm introduces MArG series of Mounted Artillery Guns
    15th Jun 2026, 15:09 PM

    The MArG series delivers a highly mobile, rapidly deployable and cost-optimised firepower solution for modern land forces

    Read More
  • Bharat Forge signs MoU with Government of Andhra Pradesh
    19th May 2026, 14:10 PM

    MoU aims to establish India's first private-sector Marine Gas Turbine Repair, Overhaul and indigenous Development complex at Visakhapatnam

    Read More
  • Bharat Forge’s arm starts construction of strategic defence facility in Andhra Pradesh
    15th May 2026, 18:00 PM

    Spread across more than 1,000 acres, the integrated campus will be developed with a planned investment of Rs 1,500 crore over the next 2-4 years

    Read More
  • Bharat Forge inks long-term pact with Embraer
    11th May 2026, 17:55 PM

    The company will supply high-integrity forged components for landing gear systems across Embraer’s commercial and defence aircraft programs

    Read More
  • Bharat Forge completes acquisition of 30% stake in FEPL
    9th May 2026, 12:36 PM

    Consequent to the above, FEPL has now become the Associate Company of Bharat Forge

    Read More
  • Bharat Forge - Quarterly Results
    8th May 2026, 00:00 AM

    Read More
  • Bharat Forge reports 18% fall in Q4FY26 consolidated net profit
    7th May 2026, 16:15 PM

    Consolidated total income of the company increased by 17.02% at Rs 4,581.01 crore for Q4FY26

    Read More
  • Bharat Forge flags off Advanced Armoured Platforms ‘Vikram VT 21’
    27th Apr 2026, 12:09 PM

    The Vikram VT 21 project constitutes development of two platforms co-created by the company, VRDE (DRDO), Tata Advanced TASL, and supported by several MSMEs

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.