1. India Stocks

  2. •

    Producer manufacturing

  3. •

    Metal fabrication
Bharat Forge Ltd

Bharat Forge Ltd

1,700.00
INR
-41.00
(-2.35%)
14.98EPS
145.08P/E
1.03TMarket Cap
Nov 14Next Earn
Bharat Forge Ltd
NSE:BHARATFORG
(National Stock Exchange of India)

Recent

price

1,700.00

P/E

ratio

145.08

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
107.06
132.72
109.51
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
Revenue per Share
6.25
8.87
5.32
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
Basic EPS, GAAP
-3.69
-6.35
3.73
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
- -
Free Cash Flow per Basic Share
0.59
2.88
2.08
2.62
3.26
5.75
1.5
4.5
5
6
- -
3.53
6.99
8.16
8.99
7.94
- -
Dividend per Share
41.95
46.91
48.46
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
- -
Book Value per Share
40.85
45.38
46.85
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
- -
Tangible Book Value per Share
464
466
466
466
466
466
466
466
466
466
466
466
466
466
469
478
478
Basic Weighted Avg Shares
49,686
61,795
50,987
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
Sales/Revenue/Turnover
10.87
11.37
9.96
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
Operating Margin (%)
2,548
3,022
3,195
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
Depreciation Expense
2,902
4,130
2,476
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
Net Income, GAAP
32
29.94
33.72
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
Effective Tax Rate (%)
5.84
6.68
4.86
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
Profit Margin (%)
7,904
8,661
6,963
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
- -
Working Capital
15,145
19,209
18,274
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
- -
LT Debt
21,072
23,796
24,206
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
- -
Total Equity
9.39
10.73
6.96
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 Invested Capital (%)
10.31
11.43
6.98
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 Capital (%)
16.99
19.97
11.15
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
- -
Return on Common Equity (%)

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
702,982
800,607
1,025,455

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
- -
- -
- -
- -
- -
Similar Companies
USA Rare Earth, Inc. (NASDAQ:USAR)
Azad Engineering Limited (NSE:AZAD)
Jyoti Cnc Automation Limited (NSE:JYOTICNC)
Rolex Rings Limited (NSE:ROLEXRINGS)
Shyam Metalics & Energy Ltd. (NSE:SHYAMMETL)
Ramkrishna Forgings Ltd (NSE:RKFORGE)
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.