Bharat Forge

Market Cap (₹ Cr.)

₹74,273

52 Week High

1,804.50

Book Value

₹154

52 Week Low

1,002.30

PE Ratio

72.45

PB Ratio

10.36

PE for Sector

36.30

PB for Sector

4.98

ROE

12.70 %

ROCE

20.68 %

Dividend Yield

0.16 %

EPS

₹22.02

Industry

Castings, Forgings & Fastners

Sector

Castings & Forgings

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%

Growth Rate

Revenue Growth

21.60 %

Net Income Growth

79.03 %

Cash Flow Change

28.58 %

ROE

68.44 %

ROCE

72.38 %

EBITDA Margin (Avg.)

18.04 %

Financial Results

Quarterly Financials	Mar 2015	Jun 2015	Sept 2015	Dec 2015	Mar 2016	Jun 2016	Sept 2016	Dec 2016	Mar 2017	Jun 2017	Sept 2017	Dec 2017	Mar 2018	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
Revenue	1,244	1,169	1,152	1,085	1,040	930	922	964	1,202	1,227	1,295	1,412	1,501	1,514	1,713	1,740	1,719	1,387	1,309	1,116	913	469	913	1,071	1,339	1,405	1,639	1,734	1,740	1,785	1,912	1,994	2,036	2,175	2,292	2,298	2,367	2,383
Expenses	864	782	803	736	706	660	643	683	822	867	889	974	1,182	1,051	1,245	1,167	1,151	997	939	841	865	430	728	826	949	1,042	1,121	1,194	1,245	1,327	1,412	1,417	1,550	1,579	1,645	1,600	1,683	1,832
EBITDA	380	386	349	349	334	270	279	281	380	359	406	438	319	463	468	574	567	390	370	275	48	39	185	245	390	363	518	540	495	458	500	577	486	596	647	698	684	550
Operating Profit %	28 %	30 %	27 %	29 %	30 %	27 %	28 %	28 %	27 %	28 %	29 %	30 %	19 %	29 %	26 %	31 %	31 %	26 %	25 %	22 %	2 %	-1 %	17 %	20 %	27 %	24 %	30 %	25 %	26 %	25 %	24 %	27 %	22 %	26 %	27 %	29 %	28 %	22 %
Depreciation	50	75	71	81	75	74	73	74	74	77	78	81	71	82	91	91	82	89	89	82	85	81	88	96	101	102	103	103	104	106	107	108	105	109	113	112	108	109
Interest	22	21	22	23	24	17	19	18	19	19	22	14	30	25	32	14	31	39	29	36	42	30	8	27	14	41	14	12	41	26	36	85	66	71	73	81	63	70
Profit Before Tax	308	290	255	245	235	179	187	189	287	263	306	343	218	355	345	469	454	262	251	158	-78	-72	89	121	276	221	401	425	350	325	358	384	315	417	462	504	513	371
Tax	105	94	83	82	70	57	56	71	82	86	103	113	115	123	118	163	132	85	54	49	-10	0	4	30	54	59	101	94	79	88	93	103	92	111	122	127	136	106
Net Profit	203	196	172	164	166	122	127	129	208	175	204	228	100	234	227	310	300	174	245	128	-73	-56	70	93	205	167	312	337	262	244	268	289	245	312	346	378	390	269
EPS in ₹	8.73	8.42	7.40	7.03	7.11	5.24	5.45	5.52	8.91	7.52	4.37	4.90	2.16	5.04	4.88	6.65	6.43	3.74	5.26	2.74	-1.57	-1.21	1.51	1.99	4.41	3.58	6.70	7.25	5.63	5.23	5.76	6.21	5.25	6.69	7.43	8.11	8.37	5.79

Show % Change

Above figures are in Rs. Crores

Balance Sheet

Balance Sheet	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	6,376	7,179	7,677	8,366	9,939	9,717	11,115	12,841	14,194	15,188
Fixed Assets	1,956	2,277	2,374	2,528	2,634	2,808	3,459	3,301	3,238	3,157
Current Assets	3,355	3,429	3,504	3,451	4,407	4,263	5,235	6,452	6,386	7,603
Capital Work in Progress	208	322	374	302	713	895	270	248	303	376
Investments	455	1,421	1,772	2,061	2,192	2,353	3,569	3,900	4,279	4,465
Other Assets	3,757	3,159	3,157	3,475	4,400	3,662	3,816	5,392	6,374	7,190
Total Liabilities	2,880	3,598	3,445	3,752	4,541	4,362	5,166	5,731	6,494	6,619
Current Liabilities	1,116	1,885	2,295	2,553	2,827	2,571	2,947	3,870	4,684	4,804
Non Current Liabilities	1,764	1,713	1,150	1,199	1,714	1,791	2,219	1,861	1,810	1,815
Total Equity	3,496	3,582	4,232	4,614	5,398	5,355	5,949	7,110	7,700	8,569
Reserve & Surplus	3,449	3,535	4,185	4,521	5,305	5,262	5,856	7,017	7,607	8,476
Share Capital	47	47	47	93	93	93	93	93	93	93

Show % Change

Above figures are in Rs. Crores

Cash Flow

Cash Flow	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Cash Flow	241	-22	-59	-122	93	28	52	102	20	644
Investing Activities	-138	-651	-579	-697	-1,002	-729	-1,130	-248	-596	-807
Operating Activities	903	1,306	892	941	797	1,377	814	275	788	2,092
Financing Activities	-524	-677	-372	-367	299	-620	368	75	-172	-641

Show % Change

Above figures are in Rs. Crores

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
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 %
FIIs	24.94 %	25.30 %	25.10 %	23.36 %	19.80 %	18.82 %	19.30 %	17.88 %	16.17 %	15.79 %	16.28 %	16.60 %	16.47 %	17.03 %
DIIs	12.17 %	12.13 %	13.29 %	20.02 %	23.55 %	24.32 %	24.73 %	26.28 %	27.89 %	28.80 %	28.12 %	27.94 %	28.24 %	28.13 %
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 %
Public / Retail	16.85 %	17.65 %	16.68 %	11.69 %	11.23 %	11.44 %	10.72 %	10.59 %	10.69 %	10.16 %	10.34 %	10.21 %	10.03 %	9.58 %

Show % Change

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
Bharat Forge	1,575.70	74,273.03	72.45	15,909.50	21.60	910	-18.32	46.68
AIA Engineering	4,306.75	40,808.65	36.35	5,135.16	-0.16	1,137	-19.96	45.43
CIE Automotive	576.25	21,454.84	26.48	9,362.36	6.25	798	-28.13	55.75
PTC Industries	14,248.65	21,288.21	471.84	270.26	19.20	42	-56.56	51.53
Ramkrishna Forgings	1,021.70	17,884.47	52.03	3,983.80	24.62	341	3.02	66.21
Electrosteel Castings	218.65	13,358.97	15.00	7,580.25	2.99	740	201.71	52.16
Happy Forgings	1,207.65	11,423.76	47.06	1,371.59	14.08	243	-0.37	51.26
Balu Forge Industries	740.95	7,776.19	69.97	570.27	68.08	94	104.98	54.48
Rolex Rings	2,494.75	6,816.23	38.83	1,236.82	3.22	156	3.03	54.92
Sundaram Clayton	2,405.55	5,133.80	-	1,449.19	-29.75	-120	-57.24	76.85