| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 |
Revenue  | 2,454 | 2,638 | 2,517 | 2,740 | 2,373 | 2,207 | 1,868 | 1,796 | 1,199 | 1,410 | 1,761 | 2,135 | 2,148 | 2,424 | 2,596 | 3,656 | 2,884 | 3,122 | 3,390 | 3,687 | 3,944 | 3,827 | 3,924 | 4,220 | 4,159 | 3,750 | 3,514 |
| Expenses | 1,931 | 2,081 | 2,006 | 2,083 | 1,923 | 1,829 | 1,645 | 1,667 | 1,170 | 1,216 | 1,743 | 1,682 | 1,728 | 1,887 | 1,895 | 3,043 | 2,429 | 2,647 | 2,914 | 3,232 | 3,282 | 3,155 | 3,169 | 3,531 | 3,517 | 3,042 | 2,853 |
| EBITDA | 523 | 556 | 511 | 657 | 450 | 379 | 223 | 129 | 29 | 194 | 19 | 453 | 420 | 537 | 701 | 613 | 455 | 476 | 476 | 455 | 662 | 672 | 756 | 689 | 642 | 708 | 661 |
| Operating Profit % | 20 % | 20 % | 19 % | 22 % | 17 % | 15 % | 10 % | 4 % | -1 % | 12 % | -1 % | 19 % | 18 % | 21 % | 21 % | 15 % | 15 % | 14 % | 13 % | 11 % | 15 % | 16 % | 18 % | 15 % | 14 % | 18 % | 18 % |
| Depreciation | 126 | 136 | 132 | 127 | 138 | 134 | 130 | 146 | 139 | 152 | 161 | 161 | 167 | 174 | 176 | 214 | 181 | 188 | 186 | 181 | 206 | 211 | 224 | 207 | 218 | 213 | 218 |
| Interest | 32 | 38 | 21 | 37 | 46 | 37 | 43 | 46 | 37 | 14 | 34 | 23 | 50 | 23 | 25 | 63 | 40 | 53 | 109 | 97 | 115 | 124 | 137 | 116 | 124 | 110 | 96 |
| Profit Before Tax | 365 | 383 | 358 | 493 | 266 | 209 | 50 | -63 | -146 | 28 | -176 | 269 | 203 | 341 | 500 | 337 | 235 | 235 | 181 | 177 | 342 | 337 | 395 | 366 | 300 | 385 | 347 |
| Tax | 126 | 131 | 141 | 169 | 94 | 3 | 10 | 6 | -19 | 29 | 35 | 57 | 51 | 70 | 78 | 105 | 74 | 93 | 102 | 49 | 128 | 122 | 141 | 139 | 125 | 142 | 134 |
| Net Profit | 239 | 253 | 217 | 324 | 172 | 206 | 40 | -69 | -127 | -1 | -210 | 212 | 153 | 271 | 422 | 232 | 160 | 142 | 79 | 128 | 214 | 215 | 254 | 227 | 175 | 243 | 213 |
| EPS in ₹ | 5.14 | 5.46 | 4.69 | 6.88 | 3.72 | 4.44 | 0.90 | -1.55 | -2.70 | 0.00 | -4.49 | 4.48 | 3.30 | 5.82 | 9.05 | 5.06 | 3.53 | 3.13 | 1.78 | 2.91 | 4.80 | 4.88 | 5.68 | 5.07 | 4.36 | 5.23 | 4.54 |
Bharat Forge
1,193.50
+12.20
(1.03%)
Market Cap
57,059.88 Cr
EPS
20.43
PE Ratio
57.07
Dividend Yield
0.74 %
Industry
Automobiles52 Week High
1,804.50
52 Week Low
1,002.15
PB Ratio
6.32
Debt to Equity
1.10
Sector
Auto Components
Live Chart 
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Analyst Rating
- By Refinitiv from23 analysts
Company News
View All News
Bharat Forge to Acquire 100% Stake in AAM India Manufacturing3 days ago
Bharat Forge has announced its intention to acquire a 100% stake in AAM India Manufacturing. This acquisition represents a significant corporate action that will likely expand Bharat Forge's manufacturing capabilities and market presence in India.
Bharat Forge: Cabinet Approves ₹7,000 Crore Artillery Deal3 days ago
Bharat Forge shares surge after the Cabinet approves a ₹7,000 crore deal for acquiring indigenous advanced towed artillery gun systems (ATAGS).
Bharat Forge Wins Bid to Manufacture 60% of Guns3 days ago
Bharat Forge has emerged as the L-1 (lowest) bidder in a contract to manufacture guns. According to The Times of India, the company will be responsible for manufacturing 60% of the guns under this contract. This development indicates a significant order for Bharat Forge in the defense manufacturing sector.
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Peer Comparison Compare Peers on Screener
| Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
| 132.80 | 93,442.00 | 22.43 | 98,879.30 | 25.23 | 3,020 | 55.42 | 54.49 | |
| 27,699.95 | 81,697.24 | 39.97 | 17,449.50 | 13.29 | 2,490 | -11.48 | 49.19 | |
| 1,193.50 | 57,059.88 | 57.07 | 15,909.50 | 21.60 | 910 | -16.35 | 62.39 | |
| 992.45 | 56,991.99 | 59.54 | 14,064.60 | 24.63 | 925 | 24.04 | 59.62 | |
| 3,643.50 | 56,949.24 | 61.35 | 7,375.50 | 6.20 | 899 | 13.22 | 72.80 | |
| 2,888.00 | 55,874.77 | 67.62 | 17,142.00 | 13.46 | 1,187 | -66.17 | 52.05 | |
| 517.10 | 32,134.43 | 52.95 | 3,208.70 | 19.41 | 518 | 12.80 | 50.52 | |
| 364.15 | 30,952.75 | 38.44 | 16,859.70 | 10.90 | 883 | -21.85 | 52.03 | |
| 1,985.45 | 27,927.91 | 34.65 | 10,326.50 | 16.69 | 681 | 21.08 | 58.41 | |
| 55.48 | 24,528.31 | 37.96 | 8,335.10 | 17.73 | 638 | -16.62 | 61.66 |
Growth Rate
Revenue Growth
21.60 %
Net Income Growth
79.03 %
Cash Flow Change
28.58 %
ROE
68.44 %
ROCE
72.08 %
EBITDA Margin (Avg.)
18.07 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Total Assets | 8,236 | 8,292 | 8,883 | 10,016 | 11,642 | 11,563 | 13,178 | 15,609 | 18,384 | 19,349 |
| Fixed Assets | 2,629 | 3,134 | 3,277 | 3,500 | 3,625 | 4,002 | 4,750 | 4,870 | 6,161 | 6,309 |
| Current Assets | 4,433 | 4,254 | 4,220 | 4,581 | 5,539 | 5,271 | 6,214 | 7,931 | 9,002 | 10,016 |
| Capital Work in Progress | 870 | 409 | 453 | 344 | 831 | 1,143 | 900 | 1,125 | 701 | 991 |
| Investments | 457 | 885 | 1,192 | 1,501 | 1,524 | 1,618 | 2,607 | 2,604 | 2,569 | 1,849 |
| Other Assets | 4,281 | 3,864 | 3,962 | 4,672 | 5,663 | 4,800 | 4,921 | 7,010 | 8,953 | 10,200 |
| Total Liabilities | 8,236 | 8,292 | 8,883 | 10,016 | 11,642 | 11,563 | 13,178 | 15,609 | 18,384 | 19,349 |
| Current Liabilities | 2,467 | 2,869 | 3,206 | 3,754 | 4,109 | 3,967 | 4,518 | 6,114 | 8,277 | 9,280 |
| Non Current Liabilities | 2,325 | 2,014 | 1,551 | 1,581 | 2,128 | 2,344 | 3,213 | 2,868 | 3,366 | 2,904 |
| Total Equity | 3,444 | 3,409 | 4,126 | 4,681 | 5,406 | 5,252 | 5,447 | 6,627 | 6,742 | 7,165 |
| Reserve & Surplus | 3,398 | 3,367 | 4,070 | 4,557 | 5,282 | 5,125 | 5,321 | 6,476 | 6,611 | 7,076 |
| Share Capital | 47 | 47 | 47 | 93 | 93 | 93 | 93 | 93 | 93 | 93 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Net Cash Flow | 208 | 19 | -86 | -69 | 83 | 26 | 87 | 126 | -91 | 796 |
| Investing Activities | -467 | -888 | -737 | -722 | -1,196 | -1,114 | -1,511 | -690 | -1,666 | -666 |
| Operating Activities | 1,035 | 1,356 | 1,052 | 967 | 912 | 1,522 | 1,020 | 506 | 1,295 | 1,664 |
| Financing Activities | -360 | -448 | -401 | -314 | 368 | -381 | 578 | 310 | 280 | -203 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 |
| Promoter | 45.76 % | 44.76 % | 44.76 % | 44.76 % | 45.25 % | 45.25 % | 45.25 % | 45.25 % | 45.25 % | 45.25 % | 45.25 % | 45.25 % | 45.25 % | 45.25 % | 45.25 % | 44.07 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 16.28 % | 0.00 % | 16.47 % | 17.03 % | 18.72 % | 17.88 % |
| DIIs | 11.98 % | 11.94 % | 13.12 % | 19.83 % | 23.38 % | 24.23 % | 23.25 % | 26.28 % | 27.89 % | 26.31 % | 28.12 % | 25.12 % | 28.24 % | 28.13 % | 26.47 % | 28.50 % |
| Government | 0.28 % | 0.16 % | 0.16 % | 0.16 % | 0.16 % | 0.16 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 8.63 % | 8.29 % | 8.28 % | 8.32 % | 8.30 % | 8.21 % | 8.31 % | 8.27 % | 8.43 % | 8.09 % | 8.07 % | 8.01 % | 7.81 % | 7.48 % | 7.50 % | 7.47 % |
| Others | 33.35 % | 34.84 % | 33.68 % | 26.92 % | 22.91 % | 22.15 % | 23.18 % | 20.20 % | 18.42 % | 20.35 % | 2.27 % | 21.62 % | 2.22 % | 2.10 % | 2.05 % | 2.08 % |
| No of Share Holders | 1,44,297 | 1,36,944 | 1,41,346 | 1,51,059 | 1,53,718 | 1,56,445 | 1,58,845 | 1,55,734 | 1,62,105 | 1,56,686 | 1,69,954 | 1,79,683 | 1,89,104 | 1,82,988 | 1,99,721 | 2,03,973 |
Dividend History
Dividends per share (FY)
Dividend yield (FY) %
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 7.5 | 4.5 | 5 | 3.5 | 2 | 7 | 7 | 9 | 0.00 |
| Dividend Yield (%) | 0.00 | 1.07 | 0.88 | 2.13 | 0.59 | 0.29 | 0.92 | 0.62 | 0.76 | 0.00 |
Corporate Action
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Announcements
Rumour verification - Regulation 30(11)
Clarification sought from Bharat Forge Ltd
Announcement Under Regulation 30 - Imposition Of Fine Under SEBI Listing Regulations
Announcement under Regulation 30 (LODR)-Credit Rating
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Announcement under Regulation 30 (LODR)-Updates on Acquisition
Announcement under Regulation 30 (LODR)-Updates on Acquisition
Schedule Of Analyst/Investor Meet
Schedule Of Analyst/Investor Meet
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Intimation Under Regulation 30 - Communication Sent To Shareholders Regarding TDS On Dividend
Integrated Filing (Financial)
Disclosure With Regards To Report Of The Monitoring Agency For The Quarter Ended December 31 2024.
The Company Fixes Record Date For Interim Dividend
Intimation Of Analyst / Institutional Investor Meeting
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Earnings Update For Q3 FY 2024-25
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations 2015
Corporate Action-Board approves Dividend
Board Meeting Outcome for Outcome Of The Board Meeting Dated February 12 2025
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Update on board meeting
Announcement Under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Announcement under Regulation 30 (LODR)-Updates on Acquisition
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Board Meeting Intimation for Approval Of The Unaudited Financial Results (Standalone & Consolidated) For The Quarter And Nine Months Ended December 31 2024
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Announcement under Regulation 30 (LODR)-Change in Management
Announcement under Regulation 30 (LODR)-Newspaper Publication
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Announcement under Regulation 30 (LODR)-Change in Management
Announcement Under Regulation 30 - Updates On Acquisition
Closure of Trading Window
Announcement under Regulation 30 (LODR)-Updates on Acquisition
Schedule Of Proposed Investor / Analyst Meeting.
Schedule Of Proposed Investor / Analyst Meeting.
Announcement under Regulation 30 (LODR)-Acquisition
Announcement under Regulation 30 (LODR)-Updates on Acquisition
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Announcement under Regulation 30 (LODR)-Updates on Acquisition
Technical Indicators
RSI(14)
Neutral 62.39
ATR(14)
Less Volatile 39.30
STOCH(9,6)
Overbought 80.67
STOCH RSI(14)
Overbought 97.71
MACD(12,26)
Bullish 19.89
ADX(14)
Strong Trend 28.55
UO(9)
Bearish 64.94
ROC(12)
Uptrend And Accelerating 15.50
WillR(14)
Overbought -12.69
About Bharat Forge
Bharat Forge Ltd (BFL) is an Indian multinational company based in Pune, providing high-performance components and solutions to various industrial sectors including Automotive, Railways, Power, Defence, Construction & Mining, Aerospace, Marine, and Oil & Gas. The company is part of the Kalyani Group and operates manufacturing facilities in Mundhwa, Baramati, Chakan, Satara, and Nellore. BFL manufactures and sells forged and machined components, including aluminium castings, for auto and industrial sectors. The company has expanded through acquisitions, joint ventures, and investments in new technologies, particularly in areas such as electric vehicles, defense, and aerospace. BFL has a global presence with subsidiaries and manufacturing facilities in multiple countries, and has been actively diversifying its product portfolio and market reach.
Website
Chairperson NameB N Kalyani
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