Nifty
:
24176.15
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:
77328.19
-150.50 (-0.62%)
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Nifty
Sensex
:
:
24176.15
77328.19
-150.50 (-0.62%)
-516.33 (-0.66%)

Bharat Forge Ltd.

Forgings

Rating :
70/99

BSE: 500493 | NSE: BHARATFORG

NSE BSE
1989.70
08-May-2026
  • Open
  • High
  • Low
  • Previous Close
  •  2009.4
  •  2044
  •  1975.1
  •  1992.90
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  3399059
  •  6831180859.1
  •  2044
  •  1100.5

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 95,065.53
  • 88.05
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 1,00,950.21
  • 0.43%
  • 9.92

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 44.07%
  • 0.45%
  • 7.22%
  • FII
  • DII
  • Others
  • 14.15%
  • 29.62%
  • 4.49%

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
  • 52.62
  • 64.06
  • 68.91

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 5.98
  • 6.81
  • 7.54

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 22.46
  • 24.10
  • 24.69

Earnings Forecasts:

(Updated: 02-05-2026)
Description
2024
2025
2026
2027
Adj EPS
20.05
27.29
37.28
46.92
P/E Ratio
99.24
72.91
53.37
42.41
Revenue
15122.8
16502.4
19194.8
21715.6
EBITDA
2713.12
2940.2
3574.63
4215.12
Net Income
941.15
1311.5
1783.77
2242.1
ROA
4.77
7.33
9.5
11.41
P/B Ratio
10.28
9.23
8.18
7.14
ROE
11.46
13.23
16.17
18
FCFF
-39.71
1072.06
1355.54
1889.2
FCFF Yield
-0.04
1.13
1.43
2
Net Debt
4073.27
3536.09
2908.13
1853.45
BVPS
193.55
215.65
243.23
278.68

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 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
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
6,809.15
Net Sales Growth
11.17%
-3.57%
21.47%
23.41%
65.10%
-21.35%
-20.60%
21.39%
30.67%
-6.07%
 
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
2,568.04
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
4,241.12
GP Margin
54.86%
56.39%
52.95%
53.82%
59.70%
58.43%
55.60%
58.46%
60.74%
61.92%
62.29%
Total Expenditure
13,884.98
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
2,926.66
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
17.41%
17.31%
16.31%
13.18%
18.81%
13.60%
13.78%
19.92%
20.54%
19.56%
20.68%
Other Income
198.68
290.62
231.84
238.27
243.80
168.90
187.86
230.00
142.01
119.28
132.13
Interest
323.35
417.49
495.58
298.62
160.41
107.73
171.33
127.22
106.53
99.96
115.96
Depreciation
970.92
873.62
848.20
735.59
730.30
612.16
543.34
513.16
460.69
452.05
452.98
PBT
1,676.65
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
577.78
542.55
528.83
318.56
303.45
101.51
112.46
566.38
441.79
249.17
316.48
Tax Rate
34.46%
37.17%
36.89%
37.03%
21.47%
2245.80%
22.29%
35.17%
36.93%
26.32%
32.77%
PAT
1,098.87
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
1,089.13
913.27
910.16
508.39
1,077.06
-126.97
349.25
1,032.60
753.97
697.60
649.33
Minority Interest
-9.74
27.88
40.97
19.98
4.70
0.59
0.59
-0.42
8.48
-6.10
3.10
PAT Margin
6.54%
6.22%
6.07%
4.09%
10.34%
-1.99%
4.34%
10.17%
9.12%
10.81%
9.58%
PAT Growth
19.84%
-1.05%
80.01%
-51.16%
-
-
-66.11%
35.38%
10.26%
5.99%
 
EPS
22.98
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
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
1,796.34
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.)
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 - 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
  • Bharat Forge makes investment in Bharat Forge Global Holding GmbH
    12th Mar 2026, 10:38 AM

    The Company will continue to hold 100% of Equity Capital of BFGH

    Read More
  • Bharat Forge inaugurates landing gear components machining facility in Pune
    11th Mar 2026, 14:17 PM

    This step positions Bharat Forge among the first companies in India, and one of the first at scale - to operate OEM-approved landing gear components machining capabilities

    Read More
  • Bharat Forge’s arm signs MoU with Garden Reach Shipbuilders & Engineers
    6th Mar 2026, 11:58 AM

    The partnership envisages collaboration between the sides based on mutual strengths to provide Indigenous solution in Ship Propulsion for Naval and Commercial ships

    Read More
  • 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

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.