1. India Stocks

  2. •

    Producer manufacturing

  3. •

    Metal fabrication
Bharat Forge Ltd

Bharat Forge Ltd

1,737.45
INR
-38.55
(-2.17%)
14.98EPS
145.80P/E
1.03TMarket Cap
Nov 14Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
142.01
160.58
138.1
130.78
171.08
206.41
164.58
130.57
212.59
263.94
323.1
309.5
339.35
367.09
Basic EPS, GAAP
10.71
16.38
14.57
15.13
16.38
22.17
7.51
-2.71
23.23
11.35
20.43
20.05
22.58
14.78
Free Cash Flow per Basic Share
0.89
6.82
9.85
8.51
8.21
-5.71
12.03
2.27
-12.08
6.41
3.01
7.37
7.24
- -
Dividend per Share
2.62
3.26
5.75
1.5
4.5
5
6
- -
3.53
6.99
8.16
8.99
7.94
- -
Book Value per Share
57.63
74.05
73.31
88.41
99.91
115.47
112.11
116.31
141.13
144.02
154
193.55
200.38
- -
Tangible Book Value per Share
57.13
72.34
71.74
86.06
98.62
114.11
110.77
115.24
138.56
135.82
145.82
187.05
189.96
- -
Basic Weighted Avg Shares
466
466
466
466
466
466
466
466
466
466
466
469
478
478
Sales/Revenue/Turnover
66,116
74,764
64,298
60,891
79,654
96,103
76,626
60,793
98,980
122,889
150,429
145,299
162,238
175,428
Operating Margin (%)
10.79
15.93
16.04
13.84
16.71
16.25
8.01
4.65
13.09
8.74
11.72
12.83
12.06
11.14
Depreciation Expense
3,571
3,623
4,530
4,520
4,669
5,208
5,477
6,037
7,216
7,356
8,482
8,736
9,709
10,081
Net Income, GAAP
4,985
7,625
6,785
7,046
7,624
10,322
3,498
-1,264
10,818
5,284
9,511
9,412
10,797
7,063
Effective Tax Rate (%)
28.68
31.96
32.77
26.32
36.95
35.42
24.36
- -
21.98
38.52
36.75
37.27
34.66
44.98
Profit Margin (%)
7.54
10.2
10.55
11.57
9.57
10.74
4.57
-2.08
10.93
4.3
6.32
6.48
6.65
4.03
Working Capital
11,117
19,680
13,856
10,139
8,270
14,301
13,037
16,967
18,167
7,252
7,354
15,293
16,214
- -
LT Debt
15,212
19,815
16,381
10,591
11,262
16,785
19,688
24,418
20,709
21,674
22,382
16,818
21,823
- -
Total Equity
27,003
34,442
34,090
41,264
46,811
54,059
52,517
54,468
66,268
67,416
71,653
92,206
95,568
- -
Return on Invested Capital (%)
11.08
14.34
10.76
10.17
10.29
11.52
4.16
- -
9.36
4.71
7.53
6.87
7.26
- -
Return on Capital (%)
11.79
15.1
11.89
11
10.89
12.82
4.59
- -
10.23
5.34
8.83
7.84
7.77
- -
Return on Common Equity (%)
20.18
24.88
19.78
18.72
17.39
20.59
6.6
-2.38
18.05
7.96
13.71
11.46
11.47
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
51,263
- -
LT Borrowings
- -
18,124
- -
LT Finance Leases
- -
3,699
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
478
478
478
Market Capitalization
702,838
801,300
1,030,573

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
112,029
- -
Cash, Cash Equivalents & STI
- -
21,527
- -
Accounts Receivable, Net
- -
39,098
- -
Inventories
- -
40,528
- -
Total Current Liabilities
- -
95,814
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
51,263
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.28%
12.4%
3.65%
Free Cash Flow
-126.99%
-138.27%
0.08%
Net Income, GAAP
-106.82%
-182.69%
14.72%
Sales/Revenue/Turnover
12.29%
23.53%
11.66%
Total Cash Common Dividend
- -
- -
-10.05%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
41,061
36,885
34,755
38,526
145,299
2026
39,087
40,319
43,429
45,280
162,238
2027
46,399
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4.36
5.23
4.54
5.92
20.05
2026
5.93
6.26
5.53
4.86
22.58
2027
-1.88
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
8.99
2026
- -
- -
- -
- -
7.94
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Babasaheb Neelkanth Kalyani
Full Time Employees
10,623
Sector
Producer manufacturing
Industry
Metal fabrication
Address
Pune Cantonment Pune MA India 411036
IPO Date
Nov 3, 1994
Website
bharatforge.com
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Business
Bharat Forge Limited engages in the fabrication and distribution of advanced forged and machined parts to customers both within India and across the globe. The company’s operations are structured primarily around its diverse industrial offerings and a robust automotive sector. It provides essential automotive components such as crankshafts, connecting rods, systems for emission control and after-treatment, fuel injection apparatus, chassis elements including front axle beams and steering knuckles, along with transmission and driveline assemblies. Beyond the automotive domain, the company supplies critical components for power generation, encompassing applications for thermal, hydroelectric, and wind energy. For the oil and gas industry, it delivers specialized subsea, surface, and drilling equipment. Its rail and marine portfolios feature engine and bogie components, turbochargers, power electronics, large crankshafts, and propeller shafts. In the aerospace arena, offerings include fan blades, compressors, turbine parts, aero structures, landing gear components, and has recently focused on indigenous UAV engines and high-speed aerial weapon systems. The construction and mining sectors benefit from products like track links, front spindles, and machined crankshafts. Additionally, through its subsidiary Kalyani Powertrain Limited, the company is developing electric powertrain solutions, including full systems and their constituent parts. Bharat Forge also offers comprehensive engineering services, spanning product design and development, tool and die manufacturing, forging, machining, testing, and validation capabilities. Established in 1961, the enterprise maintains its headquarters in Pune, India. Recent strategic moves include the acquisition of AAM India Manufacturing in October 2024 to strengthen its market presence in passenger and light commercial vehicles and a significant defense contract awarded to its subsidiary Kalyani Strategic Systems Limited for underwater systems for the Indian Navy in November 2025.