Bharat Forge

Is Bharat Forge overvalued or undervalued?

As of November 14, 2024, Bharat Forge is considered fairly valued with a PE ratio of 59.98, significantly higher than its peers CIE Automotive and Ramkrishna Forgings, and despite a recent short-term outperformance against the Sensex, it has declined 14.93% over the past year.

As of 14 November 2024, Bharat Forge's valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company is currently considered fairly valued. Key ratios include a PE ratio of 59.98, an EV to EBITDA of 24.51, and a ROCE of 13.68%. <BR><BR>In comparison to its peers, Bharat Forge's PE ratio is significantly higher than that of CIE Automotive, which stands at 21.15, and Ramkrishna Forgings, which has a PE of 27.94. This suggests that Bharat Forge may be overvalued relative to these competitors. Additionally, while Bharat Forge has outperformed the Sensex in the short term with a 1-month return of 15.59% compared to the Sensex's 3.88%, its longer-term performance shows a decline of 14.93% over the past year, further complicating its valuation narrative.

What is the bonus history of the Bharat Forge?

Bharat Forge issued a 1:1 bonus on September 28, 2017, meaning shareholders received an additional share for each share held, effectively doubling their holdings. The record date for this bonus was September 29, 2017.

Bharat Forge has a bonus history that includes a notable 1:1 bonus issue, which was announced with an ex-date of September 28, 2017. The record date for this bonus was September 29, 2017. This means that for every share held, shareholders received an additional share, effectively doubling their holdings at that time. If you have any more questions about Bharat Forge or need further details, feel free to ask!

Who are the peers of the Bharat Forge?

Bharat Forge's peers include Samvardh. Mothe., Bosch, Schaeffler India, Uno Minda, Tube Investments, Endurance Tech, Sona BLW Precis., Exide Inds., ZF Commercial, and Motherson Wiring. In terms of returns, Uno Minda leads with 17.39%, while Bharat Forge has a return of -20.69%.

Peers: The peers of Bharat Forge are Samvardh. Mothe., Bosch, Schaeffler India, Uno Minda, Tube Investments, Endurance Tech, Sona BLW Precis., Exide Inds., ZF Commercial, and Motherson Wiring.<BR><BR>Quality Snapshot: Excellent management risk is observed at Samvardh. Mothe. and Uno Minda, while Good management risk is found at Bosch, Schaeffler India, Bharat Forge, Tube Investments, Endurance Tech, Sona BLW Precis., Exide Inds., ZF Commercial, and Motherson Wiring. For Growth, Excellent growth is noted at Samvardh. Mothe., Schaeffler India, Uno Minda, and Tube Investments, while Good growth is seen at Bharat Forge and ZF Commercial. Below Average growth is present at Endurance Tech, Sona BLW Precis., and Exide Inds. Average capital structure is found at Bharat Forge, while Excellent capital structure is noted at Bosch, Schaeffler India, Tube Investments, Endurance Tech, Sona BLW Precis., and ZF Commercial, and Good capital structure is observed at Samvardh. Mothe. and Uno Minda.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Uno Minda at 17.39%, while the peer with the lowest is Exide Inds. at -23.22%. Bharat Forge's own 1-year return is -20.69%, which is better than Exide Inds. but worse than Uno Minda. Additionally, peers with negative six-month returns include Samvardh. Mothe., Tube Investments, Sona BLW Precis., Exide Inds., and Motherson Wiring.

Who are in the management team of Bharat Forge?

As of March 2023, the management team of Bharat Forge includes B N Kalyani (Chairman & Managing Director), G K Agarwal and Amit B Kalyani (Deputy Managing Directors), along with several executive directors and independent directors, all contributing to the company's governance and strategic direction.

As of March 2023, the management team of Bharat Forge includes the following key individuals:<BR><BR>1. **B N Kalyani** - Chairman & Managing Director<BR>2. **G K Agarwal** - Deputy Managing Director<BR>3. **Amit B Kalyani** - Deputy Managing Director<BR>4. **B P Kalyani** - Executive Director<BR>5. **S E Tandale** - Executive Director<BR>6. **Kishore Saletore** - Executive Director & CFO<BR>7. **Tejaswini Chaudhari** - Company Secretary & Compliance Officer<BR><BR>Additionally, the board includes several independent directors:<BR>1. **P G Pawar** - Independent Director<BR>2. **Lalita D Gupte** - Independent Director<BR>3. **P H Ravikumar** - Independent Director<BR>4. **Vimal Bhandari** - Independent Director<BR>5. **Dipak Mane** - Independent Director<BR>6. **Murali Sivaraman** - Independent Director<BR><BR>This diverse team plays a crucial role in the governance and strategic direction of Bharat Forge.

What does Bharat Forge do?

Bharat Forge Ltd. is a Pune-based multinational company specializing in high-performance components for the automotive and industrial sectors, with a market cap of INR 58,738 Cr and a net profit of INR 2,820 Cr for the quarter ending March 2025. It is part of the Kalyani Group and focuses on engineering critical solutions for OEMs.

Overview:<BR>Bharat Forge Ltd. is a global provider of high-performance, innovative, safety, and critical components and solutions in the Auto Components & Equipments industry, categorized as a Large Cap company.<BR><BR>History:<BR>Bharat Forge Ltd. is a Pune-based Indian multinational that has evolved into a diversified global conglomerate. The company is part of the Kalyani Group and specializes in engineering critical solutions for automotive and industrial OEMs. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 38,526 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 2,820 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: INR 58,738 Cr (Large Cap)<BR><BR>Key Metrics:<BR>- P/E: 57.00<BR>- Industry P/E: 32<BR>- Dividend Yield: 0.69%<BR>- Debt Equity: 0.44<BR>- Return on Equity: 11.17%<BR>- Price to Book: 6.40<BR><BR>Contact Details:<BR>- Address: Mundhwa, Pune Cantonment, Pune, Maharashtra : 411036<BR>- Tel: 91-020-6704 2777/2476<BR>- Email: secretarial@bharatforge.com<BR>- Website: http://www.bharatforge.com

Who are the top shareholders of the Bharat Forge?

The top shareholders of Bharat Forge include Kalyani Investment Company Limited with 13.24%, mutual funds holding 20.76%, foreign institutional investors at 16.07%, and the Life Insurance Corporation of India as the largest public shareholder with 4.04%. Overall, the ownership structure shows significant involvement from promoters and institutional investors.

The top shareholders of Bharat Forge include a mix of promoters, institutional investors, and individual shareholders. The majority shareholders are the promoters, with Kalyani Investment Company Limited holding the highest stake at 13.24%. Mutual funds collectively hold 20.76% through 30 different schemes, while foreign institutional investors (FIIs) account for 16.07% with 454 FIIs involved. The highest public shareholder is the Life Insurance Corporation of India, which holds 4.04%. Individual investors have a combined holding of 7.45%. Overall, the ownership structure reflects a strong presence of institutional and promoter investments.

How big is Bharat Forge?

As of 24th July, Bharat Forge Ltd. has a market capitalization of 58,511.00 Cr, with recent net sales of 15,122.81 Cr and a net profit of 941.16 Cr. The company has shareholder's funds of 9,253.33 Cr and total assets of 19,898.18 Cr.

As of 24th July, Bharat Forge Ltd. has a market capitalization of 58,511.00 Cr, categorizing it as a Large Cap company.<BR><BR>In the latest four quarters, Bharat Forge reported Net Sales of 15,122.81 Cr and a Net Profit of 941.16 Cr.<BR><BR>For the latest annual period ending in March 2025, the company has Shareholder's Funds amounting to 9,253.33 Cr and Total Assets of 19,898.18 Cr.

How has been the historical performance of Bharat Forge?

Bharat Forge's historical performance shows fluctuating financial metrics, with net sales peaking at 15,122.80 Cr in March 2025, up from 12,910.26 Cr in March 2023, while profits and total assets also increased, despite rising costs and liabilities. Overall, the company experienced growth in sales and profits alongside increased expenses.

Answer:<BR>The historical performance of Bharat Forge shows a fluctuating trend in its financial metrics over the years, with notable changes in net sales, profits, and expenses.<BR><BR>Breakdown:<BR>Bharat Forge's net sales peaked at 15,122.80 Cr in March 2025, down from 15,682.07 Cr in March 2024, but significantly up from 12,910.26 Cr in March 2023. The total operating income followed a similar trend, reaching 15,122.80 Cr in March 2025. Raw material costs were 6,439.62 Cr in March 2025, a decrease from 7,138.38 Cr in March 2024, while employee costs slightly increased to 1,869.90 Cr. The operating profit (PBDIT) for March 2025 was 2,907.70 Cr, showing an increase from 2,785.36 Cr in March 2024. Profit before tax also rose to 1,459.54 Cr in March 2025, compared to 1,433.67 Cr in March 2024, while profit after tax was 916.99 Cr, slightly up from 904.84 Cr in the previous year. The company's total assets increased to 19,898.18 Cr in March 2025 from 19,183.95 Cr in March 2024, and total liabilities also rose to 19,898.18 Cr. Cash flow from operating activities improved to 1,796.00 Cr in March 2025, while cash flow from investing activities showed a significant outflow of -1,964.00 Cr. Overall, Bharat Forge's financial performance reflects a mix of growth in sales and profits, alongside increased costs and liabilities.

Is Bharat Forge technically bullish or bearish?

As of December 3, 2025, the market trend has shifted to bullish, supported by strong MACD signals and positive long-term performance, despite some mixed indicators from KST and Bollinger Bands.

As of 3 December 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with a strong signal from the weekly and monthly MACD indicators. Daily moving averages also support this bullish outlook. While the Bollinger Bands indicate a mildly bullish trend on both weekly and monthly time frames, the KST shows a mixed signal with weekly bullishness and monthly mild bearishness. The Dow Theory reflects a mildly bullish stance on the weekly chart, but no trend on the monthly. Overall, the strength of the bullish signal is reinforced by the positive performance over longer periods, particularly the 3-year and 5-year returns, which significantly outpace the Sensex.

When is the next results date for Bharat Forge Ltd.?

The next results date for Bharat Forge Ltd. is 12 February 2026.

The next results date for Bharat Forge Ltd. is scheduled for 12 February 2026.

Are Bharat Forge Ltd. latest results good or bad?

Bharat Forge Ltd.'s latest results show strong net sales growth of 24.96% year-on-year, reaching ₹4,342.93 crores, but net profit declined by 11.69% quarter-over-quarter, raising concerns about profitability and operating margins. Overall, the results indicate good sales performance but highlight challenges in cost management.

Bharat Forge Ltd.'s latest results present a mixed picture. On one hand, the company achieved record net sales of ₹4,342.93 crores in Q3 FY26, reflecting a strong year-on-year growth of 24.96% and a sequential increase of 7.71%. This demonstrates robust demand across its diversified markets, including automotive, aerospace, and defence.<BR><BR>However, the net profit for the same quarter was ₹264.21 crores, which is a decline of 11.69% compared to the previous quarter, although it shows a positive growth of 24.18% year-on-year. The operating margin also faced pressure, decreasing to 17.27% from 18.00% in the previous quarter, indicating challenges in maintaining profitability amidst rising costs.<BR><BR>Overall, while Bharat Forge is experiencing strong revenue growth and maintaining a solid market position, the decline in net profit and operating margins raises concerns about operational efficiency and cost management in a competitive environment. Therefore, the results can be seen as good in terms of sales growth but concerning regarding profitability and margins.

Has Bharat Forge Ltd. declared dividend?

Yes, Bharat Forge Ltd. has declared a dividend of 100% (₹6 per share) with an ex-date of February 18, 2026. The company has shown strong total returns across multiple periods, with a 1-year total return of 62.09%.

Bharat Forge Ltd. has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 100%<BR>- Amount per share: 6<BR>- Ex-date: 18 Feb 26<BR><BR>Dividend Yield: 0.49%.<BR><BR>Total Returns by Period:<BR>In the 3-month period, Bharat Forge Ltd. achieved a price return of 25.34%, a dividend return of 0.14%, resulting in a total return of 25.48%.<BR><BR>For the 6-month period, the company recorded a price return of 47.17%, a dividend return of 0.17%, leading to a total return of 47.34%.<BR><BR>Over the 1-year period, the price return was 61.35%, with a dividend return of 0.74%, culminating in a total return of 62.09%.<BR><BR>In the 2-year period, Bharat Forge Ltd. experienced a price return of 59.31%, a dividend return of 1.45%, resulting in a total return of 60.76%.<BR><BR>During the 3-year period, the price return was 95.58%, with a dividend return of 3.03%, leading to a total return of 98.61%.<BR><BR>For the 4-year period, the company achieved a price return of 137.5%, a dividend return of 5.22%, resulting in a total return of 142.72%.<BR><BR>In the 5-year period, Bharat Forge Ltd. had a price return of 172.45%, with a dividend return of 5.76%, culminating in a total return of 178.21%.<BR><BR>Overall, Bharat Forge Ltd. has declared a substantial dividend and demonstrated strong total returns across various periods, indicating a positive performance for investors.

Should I buy, sell or hold Bharat Forge Ltd.?

Which are the latest news on Bharat Forge?

Why is Bharat Forge Ltd. falling/rising?

As of 17-Mar, Bharat Forge Ltd. is seeing a stock price increase to 1,749.65, driven by strong financial performance, institutional support, and a significant return of 62.15% over the past year. The company's solid growth metrics and low debt-equity ratio further enhance investor confidence.

As of 17-Mar, Bharat Forge Ltd. is experiencing a rise in its stock price, currently at 1,749.65, reflecting an increase of 52.75 (3.11%). This upward movement can be attributed to several factors. Firstly, the stock has shown a positive performance today, outperforming its sector by 1.06% and achieving consecutive gains over the last two days, with a total return of 4.42% during this period. Additionally, the stock reached an intraday high of Rs 1754, indicating strong market interest.<BR><BR>The company has demonstrated robust long-term growth, with net sales increasing at an annual rate of 21.90% and operating profit rising significantly. Positive financial results reported for December 25 further bolster investor confidence, showcasing the highest operating profit to interest ratio at 9.78 times and a net sales figure of Rs 4,342.93 crore. Furthermore, Bharat Forge's low debt-equity ratio of 0.71 times suggests a solid financial position.<BR><BR>Institutional holdings are also a positive indicator, with 46.63% of shares held by institutional investors, who typically possess greater analytical resources than retail investors. Their stake has increased by 0.75% over the previous quarter, reflecting confidence in the company's prospects.<BR><BR>In terms of market performance, Bharat Forge has outperformed the broader market indices, generating a remarkable 62.15% return over the past year, compared to a mere 2.56% return from the Sensex. This trend of strong performance is consistent over longer periods, with the stock showing a 118.56% increase over the last three years.<BR><BR>Despite some concerns regarding valuation, as indicated by a relatively high PEG ratio of 3.9, the overall market sentiment remains positive, contributing to the stock's rise. The combination of strong financial results, institutional support, and a history of market-beating performance has positioned Bharat Forge Ltd. favorably, resulting in its current upward price movement.

Why is Bharat Forge Ltd. falling/rising?

As of 18-Mar, Bharat Forge Ltd. is seeing a stock price increase to 1,804.10, up 3.37%. This rise is driven by strong long-term growth, positive financial results, low debt-equity ratio, and high institutional holdings, indicating robust investor confidence.

As of 18-Mar, Bharat Forge Ltd. is experiencing a rise in its stock price, currently at 1,804.10, reflecting an increase of 58.85 (3.37%). This upward movement can be attributed to several factors. Firstly, the stock has been gaining for the last three days, with a total return of 7.67% during this period. Additionally, the stock's performance today is in line with the sector, which has seen gains of 3.31%. <BR><BR>The company has demonstrated strong long-term growth, with net sales increasing at an annual rate of 21.90% and operating profit rising significantly. Positive financial results reported in December, including a record operating profit to interest ratio and the highest net sales, further bolster investor confidence. The company also maintains a low debt-equity ratio, which is appealing to investors.<BR><BR>Moreover, Bharat Forge Ltd. has high institutional holdings at 46.63%, indicating strong backing from investors who typically have better resources to analyze company fundamentals. This institutional interest has increased by 0.75% over the previous quarter, suggesting growing confidence in the company's prospects.<BR><BR>The stock has outperformed the benchmark indices over various time frames, including a remarkable 63.95% return over the past year, which contrasts sharply with the Sensex's performance. With a market capitalization of Rs 83,649 crore, Bharat Forge Ltd. is the largest company in its sector, accounting for 51.25% of the industry, which further enhances its market position.<BR><BR>Overall, these factors contribute to the rising stock price of Bharat Forge Ltd., reflecting strong performance metrics and positive investor sentiment.

Why is Bharat Forge Ltd. falling/rising?

As of 19-Mar, Bharat Forge Ltd. is experiencing a stock price decline to 1,712.45, down 5.01%. This drop is due to sector underperformance, profit-taking after gains, and significant selling pressure, despite strong long-term performance.

As of 19-Mar, Bharat Forge Ltd. is experiencing a decline in its stock price, currently at 1,712.45, which reflects a change of -90.3 or -5.01%. This drop can be attributed to several factors highlighted in the source data. <BR><BR>Firstly, the stock has underperformed its sector by -0.91% today, indicating a broader weakness in the Castings/Forgings sector, which has fallen by -4.11%. Additionally, the stock has seen a trend reversal, having fallen after three consecutive days of gains, which may have triggered profit-taking among investors.<BR><BR>Intraday trading also showed weakness, with the stock touching a low of Rs 1701.1, representing a decline of -5.64%. The weighted average price indicates that more volume was traded closer to this low price, suggesting that selling pressure was significant. Furthermore, while the stock remains above its 50-day, 100-day, and 200-day moving averages, it is below its 5-day and 20-day moving averages, which could signal a bearish trend in the short term.<BR><BR>Despite these negative movements, it is important to note that the stock has shown strong long-term performance, with a year-to-date increase of +16.49% and a one-year return of +51.01%. However, the recent performance indicates a shift in investor sentiment, likely influenced by the sector's overall decline and the stock's recent trend reversal.

Why is Bharat Forge Ltd. falling/rising?

As of 20-Mar, Bharat Forge Ltd. is experiencing a slight decline in its stock price, currently at 1,711.85, reflecting a change of -0.6 (-0.04%). Despite this short-term drop, the company has shown significant long-term growth with a year-to-date increase of +16.44% and a +43.44% return over the past year, supported by strong fundamentals and high institutional holdings.

As of 20-Mar, Bharat Forge Ltd. is experiencing a slight decline in its stock price, currently at 1,711.85, reflecting a change of -0.6 (-0.04%). This decrease follows a trend where the stock has been losing for the last two days, resulting in a total drop of -5.04% during this period. Despite this recent downturn, the stock has shown positive performance over the past week, with a return of +2.16%, outperforming the Sensex, which has remained nearly flat at -0.04%.<BR><BR>In the context of longer-term performance, Bharat Forge Ltd. has demonstrated significant growth, with a year-to-date increase of +16.44% and an impressive +43.44% return over the past year. This strong performance is underpinned by healthy long-term growth metrics, including a net sales growth rate of 21.90% and an operating profit growth of 170.84%. Furthermore, the company has high institutional holdings at 46.63%, indicating confidence from larger investors who typically have more resources to analyze the company's fundamentals.<BR><BR>However, the stock's recent decline may be attributed to its performance relative to moving averages, as it is currently lower than the 5-day and 20-day moving averages, which could signal short-term selling pressure. Additionally, while the stock has shown consistent returns over the last three years, the recent consecutive falls may reflect market corrections or profit-taking by investors after a strong rally.<BR><BR>Overall, while Bharat Forge Ltd. is facing a short-term decline, its long-term growth prospects and strong fundamentals suggest that the stock remains a viable investment option.

Why is Bharat Forge Ltd. falling/rising?

As of 23-Mar, Bharat Forge Ltd. is seeing a stock price decline to 1,648.10, down 3.72% over the last three days, with significant selling pressure and underperformance compared to the Sensex. Despite some positive indicators, bearish momentum persists due to recent price trends and sector performance.

As of 23-Mar, Bharat Forge Ltd. is experiencing a decline in its stock price, currently at 1,648.10, which reflects a change of -63.75 (-3.72%). This downward movement can be attributed to several factors. The stock has been on a consecutive fall for the last three days, resulting in a total decline of -8.58% during this period. Additionally, the stock touched an intraday low of Rs 1,633.55, indicating significant selling pressure.<BR><BR>In the context of broader market performance, the stock has underperformed relative to the benchmark Sensex, which has also seen a decline of -3.72% over the past week. The sector itself, Castings/Forgings, has fallen by -3.88%, contributing to the negative sentiment surrounding Bharat Forge Ltd.<BR><BR>Despite some positive indicators, such as a rise in delivery volume and strong long-term growth prospects, the current market conditions and recent performance trends are leading to a decrease in the stock price. The stock's moving averages indicate that it is currently lower than the 5-day and 20-day moving averages, which often signals bearish momentum. Overall, the combination of recent price declines, sector performance, and market sentiment are key factors contributing to the falling stock price of Bharat Forge Ltd.

Why is Bharat Forge Ltd. falling/rising?

As of 24-Mar, Bharat Forge Ltd. is seeing a stock price increase to Rs 1,708.00, up 3.63%, driven by a trend reversal, strong opening performance, and increased investor participation. The company's solid financial growth and relative strength against the broader market further support this positive momentum.

As of 24-Mar, Bharat Forge Ltd. is experiencing a rise in its stock price, currently at Rs 1,708.00, reflecting an increase of Rs 59.9 or 3.63%. This upward movement can be attributed to several factors. Firstly, the stock has shown a trend reversal, gaining after three consecutive days of decline, which indicates a potential recovery in investor sentiment. Additionally, it opened with a gap up of 3.71% today, suggesting strong buying interest at the start of the trading session.<BR><BR>The stock has also outperformed its sector by 0.87% today, and the broader market, represented by the Sensex, has seen a decline of 2.63% over the past week, highlighting Bharat Forge's relative strength. The stock reached an intraday high of Rs 1,721.95, marking a 4.48% increase, which further demonstrates positive momentum.<BR><BR>Moreover, there has been a notable increase in investor participation, with delivery volume rising by 30.95% compared to the five-day average, indicating heightened interest and confidence among investors. The sector itself, Castings/Forgings, has gained by 2.77%, contributing to the positive environment for Bharat Forge.<BR><BR>From a financial perspective, the company has shown healthy long-term growth, with net sales increasing at an annual rate of 21.90% and operating profit significantly higher at 170.84%. High institutional holdings at 46.63% also suggest confidence from larger investors, who typically have more resources to analyze company fundamentals.<BR><BR>Overall, the combination of a trend reversal, strong opening performance, increased investor participation, and solid financial growth are key reasons for the rise in Bharat Forge Ltd.'s stock price.

Why is Bharat Forge Ltd. falling/rising?

As of 25-Mar, Bharat Forge Ltd. is seeing its stock price rise to 1,738.00, up 1.68%, driven by recent gains, strong financial metrics, and high institutional support. Despite slight underperformance today, the company's long-term growth prospects remain robust.

As of 25-Mar, Bharat Forge Ltd. is experiencing a rise in its stock price, currently at 1,738.00, which reflects an increase of 28.75 (1.68%). This upward movement can be attributed to several factors. Notably, the stock has shown a consecutive gain over the last two days, with a total return of 5.45% during this period. Additionally, the stock reached an intraday high of Rs 1750.4, indicating positive trading momentum.<BR><BR>Despite underperforming its sector by -0.37% today, the overall long-term growth prospects remain strong, with net sales growing at an annual rate of 21.90% and operating profit significantly higher at 170.84%. The company has also reported impressive financial metrics, such as the highest operating profit to interest ratio at 9.78 times and a low debt-equity ratio of 0.71 times, which enhances its financial stability.<BR><BR>Furthermore, Bharat Forge Ltd. boasts high institutional holdings at 46.63%, suggesting confidence from more sophisticated investors who have increased their stake by 0.75% over the previous quarter. This institutional backing, combined with the company's market-beating performance over the past year, where it generated a return of 46.75% compared to a -3.52% return for the Sensex, contributes to the positive sentiment surrounding the stock.<BR><BR>In summary, the combination of recent gains, strong financial performance, and institutional support are key factors driving the rise in Bharat Forge Ltd.'s stock price.