| 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 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
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 | 3,915 | 3,959 | 4,085 | 4,385 | 4,581 |
| 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 | 3,179 | 3,239 | 3,308 | 3,653 | 3,849 |
| 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 | 736 | 719 | 778 | 733 | 732 |
| 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 % | 17 % | 17 % | 18 % | 16 % | 15 % |
| 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 | 224 | 226 | 241 | 249 | 255 |
| 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 | 88 | 82 | 80 | 77 | 84 |
| 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 | 424 | 411 | 457 | 407 | 392 |
| 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 | 142 | 127 | 158 | 134 | 159 |
| 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 | 283 | 284 | 299 | 273 | 233 |
| 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 | 5.92 | 5.93 | 6.26 | 5.53 | 4.86 |
Bharat Forge
Bharat Forge
2,167.20
-4.30
(-0.20%)
Market Cap
1,03,611.37 Cr
PE Ratio
95.23
Volume
5,390.00
Day High - Low
2,175.40 - 2,158.00
52W High-Low
2,238.00 - 1,100.50
Key Fundamentals
Market Cap
1,03,611.37 Cr
EPS
22.58
PE Ratio
95.23
PB Ratio
10.83
Book Value
200.35
EBITDA
3,125.40
Dividend Yield
0.39 %
Industry
Automobiles Sector
Auto Components Return on Equity
11.40
Debt to Equity
0.74
Analyst Rating and Forecast
- By Refinitiv from24 analysts
Actual
Company News
View All News
Bharat Forge unit sells REFU Drive stake
6 days ago
6 days agoKalyani Powertrain sold its 50% stake in REFU Drive GmbH for EUR 12,500. The joint venture status ends post-transaction.
Bharat Forge Partners to Produce Next-Gen Airships in India7 days ago
Bharat Forge forms a strategic partnership to manufacture next-generation airships in India, targeting defence and national security applications.
GS Initiates Bharat Forge at Neutral, Target ₹2,12010 days ago
Goldman Sachs initiates coverage on Bharat Forge with a Neutral rating and target price of ₹2,120, citing balanced outlook between growth drivers and current valuations.
View more
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 |
|---|---|---|---|---|---|---|---|---|
145.06 | #1 1,53,102.74 | #1 37.73 | #1 1,26,414.20 | 10.68 | #1 4,086 | 40.00 | 53.55 | |
41,230.00 | 1,21,602.28 | 43.67 | 20,888.70 | 10.51 | 2,770 | 2.98 | 52.35 | |
2,167.20 | #3 1,03,611.37 | #10 95.23 | #6 17,010.30 | #6 10.91 | #6 1,089 | #10 -17.41 | 57.56 | |
1,165.00 | 67,285.61 | 52.54 | 19,692.00 | 17.19 | 1,284 | 21.65 | 60.18 | |
4,148.50 | 64,842.58 | 51.84 | 9,834.10 | 17.76 | 1,150 | 13.48 | 52.10 | |
2,774.60 | 53,705.79 | 48.26 | 23,234.60 | 17.14 | 1,116 | #1 47.91 | 36.47 | |
721.00 | 44,848.24 | 65.37 | 4,572.10 | 24.19 | 629 | 46.67 | 70.83 | |
2,766.30 | 38,911.56 | 41.11 | 14,719.80 | #1 26.05 | 952 | 12.81 | 59.41 | |
435.25 | 36,996.25 | 43.04 | 18,096.20 | 4.30 | 860 | 15.33 | 60.00 | |
2,393.90 | 27,243.90 | 54.45 | 4,302.10 | 9.21 | 517 | -14.62 | 49.45 |
Growth Rate
Revenue Growth
10.91 %
Net Income Growth
19.28 %
Cash Flow Change
-17.24 %
ROE
15.15 %
ROCE
-4.56 %
EBITDA Margin (Avg.)
-3.11 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Total Assets | 8,236 | 8,292 | 8,883 | 10,016 | 11,642 | 11,563 | 13,178 | 15,609 | 18,384 | 19,349 | 20,088 | 22,260 |
| Fixed Assets | 2,629 | 3,134 | 3,277 | 3,500 | 3,625 | 4,002 | 4,750 | 4,870 | 6,161 | 6,309 | 6,627 | 8,215 |
| Current Assets | 4,433 | 4,254 | 4,220 | 4,581 | 5,539 | 5,271 | 6,214 | 7,931 | 9,002 | 10,016 | 10,232 | 11,203 |
| Capital Work in Progress | 870 | 409 | 453 | 344 | 831 | 1,143 | 900 | 1,125 | 701 | 991 | 1,732 | 1,298 |
| Investments | 457 | 885 | 1,192 | 1,501 | 1,524 | 1,618 | 2,607 | 2,604 | 2,569 | 1,849 | 2,063 | 1,739 |
| Other Assets | 4,281 | 3,864 | 3,962 | 4,672 | 5,663 | 4,800 | 4,921 | 7,010 | 8,953 | 10,200 | 9,667 | 11,008 |
| Total Equity & Liabilities | 8,236 | 8,292 | 8,883 | 10,016 | 11,642 | 11,563 | 13,178 | 15,609 | 18,384 | 19,349 | 20,088 | 22,260 |
| Current Liabilities | 2,467 | 2,869 | 3,206 | 3,754 | 4,109 | 3,967 | 4,518 | 6,114 | 8,277 | 9,280 | 8,703 | 9,581 |
| Non Current Liabilities | 2,325 | 2,014 | 1,551 | 1,581 | 2,128 | 2,344 | 3,213 | 2,868 | 3,366 | 2,904 | 2,165 | 3,122 |
| Total Equity | 3,444 | 3,409 | 4,126 | 4,681 | 5,406 | 5,252 | 5,447 | 6,627 | 6,742 | 7,165 | 9,221 | 9,557 |
| Reserve & Surplus | 3,398 | 3,367 | 4,070 | 4,557 | 5,282 | 5,125 | 5,321 | 6,476 | 6,611 | 7,076 | 9,156 | 9,483 |
| Share Capital | 47 | 47 | 47 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 96 | 96 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Net Cash Flow | 208 | 19 | -86 | -69 | 83 | 26 | 87 | 126 | -91 | 796 | -738 | 6 |
| Investing Activities | -467 | -888 | -737 | -722 | -1,196 | -1,114 | -1,511 | -690 | -1,666 | -666 | -1,964 | -1,038 |
| Operating Activities | 1,035 | 1,356 | 1,052 | 967 | 912 | 1,522 | 1,020 | 506 | 1,295 | 1,664 | 1,796 | 1,487 |
| Financing Activities | -360 | -448 | -401 | -314 | 368 | -381 | 578 | 310 | 280 | -203 | -570 | -442 |
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 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| 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 % | 44.07 % | 44.07 % | 44.07 % | 44.07 % | 44.07 % | 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 % | 16.07 % | 14.37 % | 13.62 % | 12.40 % | 14.15 % | 15.04 % |
| 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 % | 30.35 % | 31.41 % | 32.26 % | 34.23 % | 32.76 % | 32.34 % |
| 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 % | 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 % | 7.45 % | 7.78 % | 7.83 % | 7.35 % | 7.23 % | 6.75 % |
| 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 % | 2.05 % | 2.37 % | 2.22 % | 1.95 % | 1.78 % | 1.79 % |
| 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 | 2,14,725 | 2,42,732 | 2,49,520 | 2,27,160 | 2,28,156 | 2,32,361 |
Dividend History
| Annual Cash Flows | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 7.5 | 4.5 | 5 | 3.5 | 2 | 7 | 7 | 9 | 8.5 | 8.5 |
| Dividend Yield (%) | 1.07 | 0.88 | 2.13 | 0.59 | 0.29 | 0.92 | 0.62 | 0.77 | 0.51 | 0.39 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 11 Aug 2026 |  Annual General Meeting | NA | 11 Aug 2026 | 1,873.80 | 2,171.50 |
| 30 Sept 2017 |  Bonus | 1:1 | 28 Sept 2017 | 189.40 | 189.40 |
| 16 Jul 2021 |  Dividend | ₹ 2.00 /share | 15 Jul 2021 | 695.85 | 810.60 |
| 26 Nov 2021 | Dividend | ₹ 1.50 /share | 25 Nov 2021 | 782.50 | 735.00 |
| 15 Jul 2022 | Dividend | ₹ 5.50 /share | 14 Jul 2022 | 629.15 | 658.70 |
| 12 Aug 2022 | Annual General Meeting | NA | 12 Aug 2022 | 629.15 | 735.90 |
| 25 Nov 2022 | Dividend | ₹ 1.50 /share | 24 Nov 2022 | 886.70 | 843.85 |
| 07 Jul 2023 | Dividend | ₹ 5.50 /share | 07 Jul 2023 | 774.95 | 855.50 |
| 10 Aug 2023 | Annual General Meeting | NA | 10 Aug 2023 | 774.95 | 967.10 |
| 23 Feb 2024 | Dividend | ₹ 2.50 /share | 23 Feb 2024 | 1,314.05 | 1,132.85 |
| 05 Jul 2024 | Dividend | ₹ 6.50 /share | 05 Jul 2024 | 1,240.20 | 1,670.30 |
| 09 Aug 2024 | Annual General Meeting | NA | 09 Aug 2024 | 1,240.20 | 1,605.45 |
| 14 Nov 2024 |  Quarterly Result Announcement | NA | 14 Nov 2024 | 1,419.15 | 1,321.45 |
| 12 Feb 2025 | Quarterly Result Announcement | NA | 12 Feb 2025 | 1,196.65 | 1,112.40 |
| 18 Feb 2025 | Dividend | ₹ 2.50 /share | 18 Feb 2025 | 1,112.40 | 1,081.10 |
| 08 May 2025 | Quarterly Result Announcement | NA | 08 May 2025 | 1,088.50 | 1,140.45 |
| 04 Jul 2025 | Dividend | ₹ 6.00 /share | 04 Jul 2025 | 1,140.45 | 1,298.70 |
| 06 Aug 2025 | Quarterly Result Announcement | NA | 06 Aug 2025 | 1,215.50 | 1,161.35 |
| 07 Aug 2025 | Annual General Meeting | NA | 07 Aug 2025 | 1,140.45 | 1,139.40 |
| 11 Nov 2025 | Quarterly Result Announcement | NA | 11 Nov 2025 | 1,322.20 | 1,327.15 |
| 12 Feb 2026 | Quarterly Result Announcement | NA | 12 Feb 2026 | 1,539.00 | 1,676.40 |
| 18 Feb 2026 | Dividend | ₹ 2.00 /share | 18 Feb 2026 | 1,676.40 | 1,751.20 |
| 07 May 2026 | Quarterly Result Announcement | NA | 07 May 2026 | 1,907.80 | 1,873.80 |
| 03 Jul 2026 | Dividend | ₹ 6.50 /share | 03 Jul 2026 | 1,873.80 | 2,148.10 |
Announcements
Announcement under Regulation 30 (LODR)-Restructuring6 days ago
6 days agoAnnouncement under Regulation 30 (LODR)-Press Release / Media Release7 days ago
7 days agoAnnouncement under Regulation 30 (LODR)-Newspaper PublicationJul 18, 2026
Jul 18, 2026Business Responsibility and Sustainability Reporting (BRSR)Jul 17, 2026
Jul 17, 2026Reg. 34 (1) Annual Report.Jul 17, 2026
Jul 17, 2026Notice Of Annual General Meeting To Be Held On August 11 2026Jul 17, 2026
Jul 17, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 06, 2026
Jul 06, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 02, 2026
Jul 02, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 26, 2026
Jun 26, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 26, 2026
Jun 26, 2026Closure of Trading WindowJun 26, 2026
Jun 26, 2026Announcement under Regulation 30 (LODR)-AcquisitionJun 24, 2026
Jun 24, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 23, 2026
Jun 23, 2026Communication To Shareholders On TDSJun 19, 2026
Jun 19, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJun 19, 2026
Jun 19, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJun 18, 2026
Jun 18, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJun 16, 2026
Jun 16, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJun 15, 2026
Jun 15, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 11, 2026
Jun 11, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 04, 2026
Jun 04, 2026Intimation Of Record DateJun 04, 2026
Jun 04, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 26, 2026
May 26, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 26, 2026
May 26, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 26, 2026
May 26, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 21, 2026
May 21, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 19, 2026
May 19, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 15, 2026
May 15, 2026Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotMay 14, 2026
May 14, 2026Announcement Under Regulation 30 Of SEBI Listing RegulationsMay 13, 2026
May 13, 2026Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 13, 2026
May 13, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 11, 2026
May 11, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 11, 2026
May 11, 2026Announcement under Regulation 30 (LODR)-Updates on AcquisitionMay 08, 2026
May 08, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 08, 2026
May 08, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 07, 2026
May 07, 2026Announcement under Regulation 30 (LODR)-Change in DirectorateMay 07, 2026
May 07, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 07, 2026
May 07, 2026Financial Results & Large Corporate DisclosureMay 07, 2026
May 07, 2026Board Meeting Outcome for Outcome Of Board MeetingMay 07, 2026
May 07, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 04, 2026
May 04, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseApr 30, 2026
Apr 30, 2026Announcement under Regulation 30 (LODR)-AcquisitionApr 30, 2026
Apr 30, 2026Board Meeting Intimation for Audited Financial Results And Final DividendApr 30, 2026
Apr 30, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseApr 27, 2026
Apr 27, 2026 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportApr 24, 2026
Apr 24, 2026Announcement under Regulation 30 (LODR)-AcquisitionApr 17, 2026
Apr 17, 2026Board Meeting Outcome for Outcome Of Board Meeting Held On April 9 2026Apr 09, 2026
Apr 09, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 08, 2026
Apr 08, 2026Closure of Trading WindowMar 26, 2026
Mar 26, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationMar 24, 2026
Mar 24, 2026Mutual Fund Holdings
Technical Indicators
RSI(14)
Neutral 57.56
ATR(14)
Less Volatile 52.11
STOCH(9,6)
Neutral 62.31
STOCH RSI(14)
Neutral 31.84
MACD(12,26)
Bearish -5.04
ADX(14)
Strong Trend 25.86
UO(9)
Bearish 49.59
ROC(12)
Uptrend And Accelerating 1.21
WillR(14)
Neutral -36.61
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,...more
Website
Chairperson NameBaba Kalyani
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