Bharat Forge Limited BHARATFORG NIFTY_MIDNSE
Company Overview
Bharat Forge Limited engages in the manufacture and sale of forged and machined components in India and internationally. It operates through three segments: Forgings, Defence, and Others. The company offers automotive components comprising crankshafts, connecting rods, emission/after treatment, and fuel injection systems; chassis, such as front axle beams, steering knuckles, control arms, knuckle, forks, and reinforcement brackets; transmission and driveline components; and power generation components for thermal, hydro, wind, and nuclear energy. It provides oil and gas forging products, such as subsea, surface, and drilling components; rail products comprising engine and bogie components, turbochargers, and power electronics; and marine products that include propellers, marine motor, stern tube, crankshaft, conrod, piston rod, and rudders which include stock, trunk, and pintle. In addition, the company offers various components, such as turbochargers and superchargers, rotor assembly, and air cycle machine for land, marine, and aviation application; construction and mining products, including machined crankshafts, injector bodies, front spindles, and track links; and e-mobility, castings, and defense products. Further, it provides aero-frame, landing gear, and critical engine components. The company was incorporated in 1961 and is headquartered in Pune, India.
Why Investors Should Care
Return on capital employed stands at 15.7%.
Net profit has compounded at 26.9% per year over the last five years.
Revenue has grown at a 11.0% CAGR over the past five years.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹16,811.65 Cr (+11.2% YoY); net profit ₹1,079.66 Cr.
- Trailing 12 Months Year-on-year growth — revenue +11.2%, earnings +14.7%.
- 5-Year Trend Long-term compounding — revenue CAGR 11.0%, profit CAGR 26.9%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 11.01% |
| 1 Year: | 11.17% |
Compounded Profit Growth
| 5 Years: | 26.90% |
| 1 Year: | 14.72% |
Stock Price Performance
| 1 Year: | +73.71% |
| 6 Months: | +47.51% |
| 3 Months: | +15.45% |
| 1 Month: | +6.04% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)60.30 · Neutral
P/E of 94.93 is above the sector median of 30.52 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 11.0% over 5 years.
- Profit CAGR of 26.9% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 94.9.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Consumer Cyclical).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BHARATFORG Bharat Forge Limited NIFTY_MIDNSE | 2,136.00 | 94.93 | ₹1.02 L Cr | 0.40% | 15.70% | 11.27% | 11.01% | 26.90% |
| 2 | MARUTI Maruti Suzuki India Limited NIFTY50NSEAI | 13,542.00 | 29.36 | ₹4.26 L Cr | 1.01% | 17.22% | 13.70% | 16.60% | 21.11% |
| 3 | TITAN Titan Company Limited NIFTY50NSE | 4,602.10 | 80.47 | ₹4.09 L Cr | 0.33% | 38.43% | 32.31% | 29.24% | 16.00% |
| 4 | M&M Mahindra & Mahindra Limited NIFTY50NSEAI | 3,108.80 | 20.43 | ₹3.87 L Cr | 1.05% | 17.14% | 18.37% | 17.50% | 18.48% |
| 5 | BAJAJ-AUTO Bajaj Auto Limited NIFTY50NSE | 10,348.50 | 26.92 | ₹2.89 L Cr | 1.48% | 26.12% | 27.67% | 19.49% | 21.03% |
| 6 | ETERNAL Eternal Limited NSEAITECH | 290.35 | 744.49 | ₹2.80 L Cr | 0.00% | 2.87% | 1.18% | 97.70% | 45.90% |
| 7 | EICHERMOT Eicher Motors Limited NIFTY50NSEAI | 7,354.50 | 42.67 | ₹2.02 L Cr | 1.11% | 26.43% | 21.97% | 17.47% | 23.70% |
| 8 | TVSMOTOR TVS Motor Company Limited NSE | 3,644.70 | 57.37 | ₹1.73 L Cr | 0.33% | 28.82% | 31.56% | 20.21% | 31.46% |
| 9 | HYUNDAI HYUNDAI MOTOR INDIA LTD NSE | 2,035.00 | 30.44 | ₹1.65 L Cr | 1.06% | 32.62% | 27.14% | 5.50% | 4.87% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,629.00 Cr | 3,877.00 Cr | 3,774.00 Cr | 3,866.00 Cr | 4,164.00 Cr | 4,106.00 Cr | 3,689.00 Cr | 3,476.00 Cr | 3,852.60 Cr | 3,908.75 Cr | 4,031.93 Cr | 4,342.93 Cr | 4,528.04 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 1,723.42 Cr | 1,696.17 Cr | 1,767.44 Cr | 1,974.21 Cr | 2,151.75 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 2,129.18 Cr | 2,212.57 Cr | 2,264.49 Cr | 2,368.72 Cr | 2,376.29 Cr |
| Operating Expenses | 3,191.00 Cr | 3,282.00 Cr | 3,153.00 Cr | 3,169.00 Cr | 3,521.00 Cr | 3,365.00 Cr | 3,042.00 Cr | 2,853.00 Cr | 1,671.61 Cr | 1,765.77 Cr | 1,779.72 Cr | 1,867.66 Cr | 1,853.17 Cr |
| Operating Income | 257.00 Cr | 389.00 Cr | 410.00 Cr | 474.00 Cr | 436.00 Cr | 523.00 Cr | 434.00 Cr | 405.00 Cr | 457.57 Cr | 446.81 Cr | 484.77 Cr | 501.06 Cr | 523.12 Cr |
| EBITDA | 438.00 Cr | 595.00 Cr | 621.00 Cr | 698.00 Cr | 643.00 Cr | 741.00 Cr | 647.00 Cr | 623.00 Cr | 735.86 Cr | 719.31 Cr | 777.80 Cr | 732.70 Cr | 731.63 Cr |
| Interest Expense | 97.00 Cr | 114.00 Cr | 124.00 Cr | 137.00 Cr | 116.00 Cr | 124.00 Cr | 110.00 Cr | 96.00 Cr | 88.00 Cr | 82.22 Cr | 80.08 Cr | 76.64 Cr | 84.40 Cr |
| Pretax Income | 177.00 Cr | 341.00 Cr | 337.00 Cr | 395.00 Cr | 366.00 Cr | 300.00 Cr | 385.00 Cr | 347.00 Cr | 424.10 Cr | 410.99 Cr | 456.83 Cr | 407.22 Cr | 392.13 Cr |
| Tax Provision | 49.56 Cr | 126.17 Cr | 121.32 Cr | 142.20 Cr | 139.08 Cr | 126.00 Cr | 142.45 Cr | 135.33 Cr | 141.48 Cr | 127.12 Cr | 157.55 Cr | 134.41 Cr | 158.69 Cr |
| Net Income | 128.00 Cr | 214.00 Cr | 215.00 Cr | 254.00 Cr | 227.00 Cr | 175.00 Cr | 243.00 Cr | 213.00 Cr | 282.00 Cr | 283.68 Cr | 299.20 Cr | 264.21 Cr | 232.56 Cr |
| Diluted EPS | 2.91 | 4.80 | 4.88 | 5.68 | 5.07 | 4.36 | 5.23 | 4.45 | 5.92 | 5.93 | 6.26 | 5.53 | 4.86 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7,622.00 Cr | 6,809.00 Cr | 6,396.00 Cr | 8,358.00 Cr | 10,146.00 Cr | 8,056.00 Cr | 6,336.00 Cr | - | 12,288.91 Cr | 15,042.94 Cr | 15,122.80 Cr | 16,811.65 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 6,945.55 Cr | 8,502.91 Cr | 6,594.34 Cr | 7,589.58 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 5,343.36 Cr | 6,540.03 Cr | 8,528.46 Cr | 9,222.07 Cr |
| Operating Expenses | 6,232.00 Cr | 5,397.00 Cr | 5,276.00 Cr | 6,635.00 Cr | 8,098.00 Cr | 6,984.00 Cr | 5,504.00 Cr | - | 4,269.05 Cr | 4,777.69 Cr | 6,708.14 Cr | 7,266.32 Cr |
| Operating Income | 1,028.00 Cr | 960.00 Cr | 669.00 Cr | 1,256.00 Cr | 1,527.00 Cr | 524.00 Cr | 220.00 Cr | - | 1,074.30 Cr | 1,762.34 Cr | 1,820.33 Cr | 1,955.75 Cr |
| EBITDA | 1,390.00 Cr | 1,413.00 Cr | 1,121.00 Cr | 1,723.00 Cr | 2,048.00 Cr | 1,072.00 Cr | 832.00 Cr | - | 1,828.39 Cr | 2,754.66 Cr | 2,746.94 Cr | 2,961.44 Cr |
| Interest Expense | 136.00 Cr | 116.00 Cr | 100.00 Cr | 107.00 Cr | 127.00 Cr | 171.00 Cr | 108.00 Cr | - | 265.86 Cr | 467.47 Cr | 417.49 Cr | 323.35 Cr |
| Pretax Income | 1,118.00 Cr | 992.00 Cr | 960.00 Cr | 1,196.00 Cr | 1,599.00 Cr | 462.00 Cr | -25.00 Cr | - | 826.95 Cr | 1,438.99 Cr | 1,455.83 Cr | 1,667.17 Cr |
| Tax Provision | 357.76 Cr | 317.44 Cr | 249.60 Cr | 442.52 Cr | 559.65 Cr | 110.88 Cr | -99.75 Cr | - | 318.56 Cr | 528.83 Cr | 542.55 Cr | 577.77 Cr |
| Net Income | 760.00 Cr | 675.00 Cr | 711.00 Cr | 754.00 Cr | 1,033.00 Cr | 349.00 Cr | -127.00 Cr | - | 528.36 Cr | 951.13 Cr | 941.15 Cr | 1,079.66 Cr |
| Diluted EPS | 16.38 | 14.57 | 15.13 | 16.38 | 22.17 | 7.51 | -2.71 | - | 11.35 | 20.43 | 20.05 | 22.50 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 8,236.00 Cr | 8,292.00 Cr | 8,841.00 Cr | 9,977.00 Cr | 11,578.00 Cr | 11,482.00 Cr | 13,088.00 Cr | - | 18,384.19 Cr | 19,349.12 Cr | 20,088.32 Cr | 22,259.96 Cr |
| Current Assets | - | - | - | - | - | - | - | - | 9,002.02 Cr | 10,015.51 Cr | 10,232.34 Cr | 11,202.86 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 508.71 Cr | 1,313.55 Cr | 594.36 Cr | 847.88 Cr |
| Inventory | - | - | - | - | - | - | - | - | 3,126.25 Cr | 3,216.08 Cr | 3,578.44 Cr | 4,052.78 Cr |
| Receivables | - | - | - | - | - | - | - | - | 3,087.46 Cr | 3,167.15 Cr | 2,899.61 Cr | 3,909.80 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 11,642.59 Cr | 12,183.81 Cr | 10,867.74 Cr | 12,703.13 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 8,276.86 Cr | 9,280.11 Cr | 8,703.01 Cr | 9,581.44 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | 1,751.27 Cr | 1,858.98 Cr | 1,319.37 Cr | 1,812.36 Cr |
| Total Debt | 2,546.00 Cr | 3,375.00 Cr | 3,124.00 Cr | 3,257.00 Cr | 4,029.00 Cr | 4,469.00 Cr | 5,271.00 Cr | - | 7,313.24 Cr | 7,947.53 Cr | 6,698.26 Cr | 7,308.61 Cr |
| Total Equity | 3,445.00 Cr | 3,414.00 Cr | 4,117.00 Cr | 4,652.00 Cr | 5,376.00 Cr | 5,220.00 Cr | 5,415.00 Cr | - | 6,705.53 Cr | 7,170.18 Cr | 9,253.33 Cr | 9,579.84 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 46.56 Cr | 46.56 Cr | 47.81 Cr | 47.81 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1,035.00 Cr | 1,356.00 Cr | 1,052.00 Cr | 967.00 Cr | 911.00 Cr | 1,522.00 Cr | 1,020.00 Cr | - | 1,294.47 Cr | 1,664.39 Cr | 1,796.34 Cr | 1,486.64 Cr |
| Investing Cash Flow | -467.00 Cr | -888.00 Cr | -737.00 Cr | -722.00 Cr | -1,196.00 Cr | -1,114.00 Cr | -1,511.00 Cr | - | -1,671.33 Cr | -666.75 Cr | -1,964.33 Cr | -1,033.03 Cr |
| Financing Cash Flow | -360.00 Cr | -448.00 Cr | -401.00 Cr | -314.00 Cr | 368.00 Cr | -381.00 Cr | 578.00 Cr | - | 280.27 Cr | -202.69 Cr | -569.70 Cr | -441.99 Cr |
| Capital Expenditure | -709.00 Cr | -891.00 Cr | -644.00 Cr | -568.00 Cr | -1,131.00 Cr | -957.00 Cr | -891.00 Cr | - | -996.18 Cr | -1,524.03 Cr | -1,450.46 Cr | -1,140.50 Cr |
| Free Cash Flow | 326.00 Cr | 465.00 Cr | 408.00 Cr | 399.00 Cr | -220.00 Cr | 565.00 Cr | 129.00 Cr | - | 298.28 Cr | 140.37 Cr | 345.88 Cr | 346.15 Cr |
| Net Change in Cash | 208.00 Cr | 19.00 Cr | -86.00 Cr | -69.00 Cr | 83.00 Cr | 26.00 Cr | 87.00 Cr | - | -96.60 Cr | 794.96 Cr | -737.69 Cr | 11.63 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 43.5% | 43.5% | 56.4% | 54.9% |
| Operating Margin % | 13.5% | 14.1% | 10.5% | 15.0% | 15.1% | 6.5% | 3.5% | - | 8.7% | 11.7% | 12.0% | 11.6% |
| Net Margin % | 10.0% | 9.9% | 11.1% | 9.0% | 10.2% | 4.3% | -2.0% | - | 4.3% | 6.3% | 6.2% | 6.4% |
| ROE % | 22.1% | 19.8% | 17.3% | 16.2% | 19.2% | 6.7% | -2.3% | - | 7.9% | 13.3% | 10.2% | 11.3% |
| ROCE % | - | - | - | - | - | - | - | - | 10.6% | 17.5% | 16.0% | 15.4% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for BHARATFORG
BHARATFORG Outlook for the Week (July 13, 2026 – July 17, 2026) - Equitypandit
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Bharat Forge Limited (NSE:BHARATFORG) Will Pay A ₹6.50 Dividend In Three Days - simplywall.st
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BHARATFORG Forecast — Price Target — Prediction for 2027 - TradingView
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Does Bharat Forge (NSE:BHARATFORG) Have A Healthy Balance Sheet? - webull.com
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Bharat Forge Ltd. Share Price Today - Bharat Forge Ltd. Stock Price Live NSE/BSE - CNBC TV18
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BHARATFORG — Frequently Asked Questions
What is the current share price of Bharat Forge Limited (BHARATFORG)?
As of 2026-07-16 05:21 IST, Bharat Forge Limited (BHARATFORG) trades at ₹2,136.00 on NSE. Its 52-week range is ₹1,102.09 to ₹2,164.33.
What is the market capitalisation of BHARATFORG?
Bharat Forge Limited (BHARATFORG) has a market capitalisation of ₹1.02 L Cr on NSE.
What is the P/E ratio of BHARATFORG?
BHARATFORG trades at a trailing price-to-earnings (P/E) ratio of 94.93. The industry average P/E is 30.52. Its price-to-book (P/B) ratio is 10.72.
Does BHARATFORG pay a dividend?
Bharat Forge Limited (BHARATFORG) currently offers a dividend yield of 0.40%.
What is the return on equity (ROE) of BHARATFORG?
BHARATFORG has a return on equity (ROE) of 11.27%. Its return on capital employed (ROCE) is 15.70%.
Is BHARATFORG a good stock to buy?
This page provides a data-driven analysis of Bharat Forge Limited (BHARATFORG), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.