| 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 |
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 |
| 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 |
| 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 |
| 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 % |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
Bharat Forge
Bharat Forge
1,324.70
+7.50
(0.57%)
Key Fundamentals
Market Cap
63,332.40 Cr
EPS
20.05
PE Ratio
61.89
Dividend Yield
0.64 %
Industry
Automobiles 52 Week High
1,482.90
52 Week Low
919.10
PB Ratio
6.84
Debt to Equity
0.89
Sector
Auto Components Analyst Rating and Forecast
- By Refinitiv from23 analysts
Actual
Company News
View All News
Bharat Forge Secures Contract to Supply 60% of Indian Army's 4.25 Lakh Carbines Order10 days ago
Bharat Forge has been awarded a contract to supply 60% of 4.25 lakh carbines for the Indian Army as part of a major indigenous weapons procurement deal. This represents approximately 2.55 lakh carbines that the company will manufacture and deliver to the Indian Army.
Bharat Forge Expands Aerospace Partnership with Rolls-Royce for Pearl 10X Engine Fan Blades
Oct 16, 2025
Oct 16, 2025Bharat Forge has expanded its strategic partnership with Rolls-Royce to produce fan blades for Pearl 10X engines. The contract was finalized at Rolls-Royce's Dahlewitz facility. This represents a significant expansion of Bharat Forge's participation in aerospace component manufacturing.
Bharat Forge Limited has received a duty demand order from the Office of the Commissioner of Customs (Imports) for Rs 1,53,78,375 in IGST demand along with equivalent penalty and applicable interest, plus an additional fine of Rs 1,00,00,000 under the Customs Act, 1962. The order relates to alleged short payment of IGST on reimported goods. The company received the order dated September 30, 2025 on October 13, 2025, and is exploring options to challenge it. Bharat Forge states that this order will not have a material impact on its financial, operational, or other activities.
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 |
|---|---|---|---|---|---|---|---|---|
105.39 | #1 1,11,233.30 | #1 30.45 | #1 1,14,220.30 | 15.51 | #1 4,146 | -44.76 | 49.93 | |
37,245.00 | 1,09,849.10 | 41.23 | 18,901.30 | 8.32 | 2,013 | #1 139.35 | 34.56 | |
1,235.20 | 71,136.50 | 63.60 | 16,803.90 | #1 19.48 | 1,021 | 46.58 | 49.10 | |
1,324.70 | #4 63,332.40 | #8 61.89 | #6 15,336.60 | #10 -3.60 | #6 913 | #2 62.60 | 67.33 | |
4,021.40 | 62,856.00 | 62.02 | 8,350.70 | 13.22 | 939 | 22.38 | 52.09 | |
3,023.00 | 58,494.40 | 56.18 | 19,835.70 | 15.71 | 1,054 | -4.29 | 38.64 | |
2,838.60 | 39,928.60 | 46.51 | 11,677.80 | 13.09 | 836 | 11.03 | 46.21 | |
381.90 | 32,461.50 | 38.00 | 17,350.60 | 2.91 | 801 | 24.37 | 37.56 | |
47.21 | 31,308.10 | 52.50 | 9,332.20 | 11.96 | 606 | -3.90 | 55.13 | |
472.75 | 29,391.90 | 48.44 | 3,681.50 | 14.73 | 600 | 18.73 | 61.48 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
-3.60 %
Net Income Growth
0.34 %
Cash Flow Change
7.93 %
ROE
-22.05 %
ROCE
-14.19 %
EBITDA Margin (Avg.)
8.28 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 8,236 | 8,292 | 8,883 | 10,016 | 11,642 | 11,563 | 13,178 | 15,609 | 18,384 | 19,349 | 20,088 |
| Fixed Assets | 2,629 | 3,134 | 3,277 | 3,500 | 3,625 | 4,002 | 4,750 | 4,870 | 6,161 | 6,309 | 6,627 |
| Current Assets | 4,433 | 4,254 | 4,220 | 4,581 | 5,539 | 5,271 | 6,214 | 7,931 | 9,002 | 10,016 | 10,232 |
| Capital Work in Progress | 870 | 409 | 453 | 344 | 831 | 1,143 | 900 | 1,125 | 701 | 991 | 1,732 |
| Investments | 457 | 885 | 1,192 | 1,501 | 1,524 | 1,618 | 2,607 | 2,604 | 2,569 | 1,849 | 2,063 |
| Other Assets | 4,281 | 3,864 | 3,962 | 4,672 | 5,663 | 4,800 | 4,921 | 7,010 | 8,953 | 10,200 | 9,667 |
| Total Liabilities | 8,236 | 8,292 | 8,883 | 10,016 | 11,642 | 11,563 | 13,178 | 15,609 | 18,384 | 19,349 | 20,088 |
| Current Liabilities | 2,467 | 2,869 | 3,206 | 3,754 | 4,109 | 3,967 | 4,518 | 6,114 | 8,277 | 9,280 | 8,703 |
| 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 |
| Total Equity | 3,444 | 3,409 | 4,126 | 4,681 | 5,406 | 5,252 | 5,447 | 6,627 | 6,742 | 7,165 | 9,221 |
| Reserve & Surplus | 3,398 | 3,367 | 4,070 | 4,557 | 5,282 | 5,125 | 5,321 | 6,476 | 6,611 | 7,076 | 9,156 |
| Share Capital | 47 | 47 | 47 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 96 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 208 | 19 | -86 | -69 | 83 | 26 | 87 | 126 | -91 | 796 | -738 |
| Investing Activities | -467 | -888 | -737 | -722 | -1,196 | -1,114 | -1,511 | -690 | -1,666 | -666 | -1,964 |
| Operating Activities | 1,035 | 1,356 | 1,052 | 967 | 912 | 1,522 | 1,020 | 506 | 1,295 | 1,664 | 1,796 |
| Financing Activities | -360 | -448 | -401 | -314 | 368 | -381 | 578 | 310 | 280 | -203 | -570 |
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 |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 |
Dividend History
| 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 | 8.5 |
| Dividend Yield (%) | 0.00 | 1.07 | 0.88 | 2.13 | 0.59 | 0.29 | 0.92 | 0.62 | 0.77 | 0.64 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 11 Nov 2025 |  Quarterly Result Announcement | NA | 11 Nov 2025 | 1,322.20 | 1,324.70 |
| 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 |
Announcements
Board Meeting Intimation for Intimation Of Board Meeting For Unaudited Financial Results For Quarter And Half Year Ended September 30 20252 days ago
2 days agoClarification On Significant Increase In Volume Of Trading In The Securities8 days ago
8 days agoClarification sought from Bharat Forge Ltd8 days ago
8 days agoRumour verification - Regulation 30(11)9 days ago
9 days agoClarification sought from Bharat Forge Ltd9 days ago
9 days agoAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 16, 2025
Oct 16, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 14, 2025
Oct 14, 2025Announcement Under Regulation 30 Of SEBI (LODR) Regulations 2015Oct 13, 2025
Oct 13, 2025Announcement Under Regulation 30 Of SEBI (LODR) Regulations 2015Oct 07, 2025
Oct 07, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 07, 2025
Oct 07, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateOct 01, 2025
Oct 01, 2025Signing Of Tripartite Memorandum Of UnderstandingSep 26, 2025
Sep 26, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 12, 2025
Sep 12, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 11, 2025
Sep 11, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 11, 2025
Sep 11, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 09, 2025
Sep 09, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 08, 2025
Sep 08, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 05, 2025
Sep 05, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 05, 2025
Sep 05, 2025Announcement Under Reg. 30 (LODR)Sep 04, 2025
Sep 04, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 18, 2025
Aug 18, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 11, 2025
Aug 11, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 11, 2025
Aug 11, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 08, 2025
Aug 08, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Updates on AcquisitionAug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Monitoring Agency ReportAug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 06, 2025
Aug 06, 2025Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended June 30 2025Aug 06, 2025
Aug 06, 2025Board Meeting Outcome for Outcome Of Board Meeting Dated August 6 2025Aug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 30, 2025
Jul 30, 2025Board Meeting Intimation for Approval Of Unaudited Financial Statements (Standalone And Consolidated) For The Quarter Ended June 30 2025Jul 25, 2025
Jul 25, 2025Announcement under Regulation 30 (LODR)-Updates on AcquisitionJul 17, 2025
Jul 17, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 16, 2025
Jul 16, 2025Business Responsibility and Sustainability Reporting (BRSR)Jul 15, 2025
Jul 15, 2025Reg. 34 (1) Annual Report.Jul 15, 2025
Jul 15, 2025Notice Of The 64Th Annual General Meeting Scheduled To Be Held On August 7 2025 At 11:00 A.M. (I.S.T.)Jul 15, 2025
Jul 15, 2025Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotJul 09, 2025
Jul 09, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 09, 2025
Jul 09, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 08, 2025
Jul 08, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 04, 2025
Jul 04, 2025Announcement under Regulation 30 (LODR)-AcquisitionJul 03, 2025
Jul 03, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 02, 2025
Jul 02, 2025Announcement under Regulation 30 (LODR)-Updates on AcquisitionJun 30, 2025
Jun 30, 2025Announcement under Regulation 30 (LODR)-RestructuringJun 30, 2025
Jun 30, 2025Announcement under Regulation 30 (LODR)-AcquisitionJun 30, 2025
Jun 30, 2025Mutual Fund Holdings
Motilal Oswal Nifty India Defence Index Fund Direct-Growth 
HDFC Defence Fund Direct - Growth 
SBI Large Cap Direct Plan-Growth 
Nippon India Focused Fund Direct-Growth 
Kotak Midcap Fund Direct-Growth 
Aditya Birla Sun Life Nifty India Defence Index Fund Direct-Growth 
DSP Midcap Direct Plan-Growth 
ICICI Prudential Multicap Fund Direct Plan-Growth 
Mirae Asset ELSS Tax Saver Fund Direct-Growth 
Edelweiss Mid Cap Direct Plan-Growth 
Axis India Manufacturing Fund Direct-Growth 
Tata Arbitrage Fund Direct - Growth 
Canara Robeco Large and Mid Cap Fund Direct-Growth 
ITI Mid Cap Fund Direct - Growth Technical Indicators
RSI(14)
Neutral 67.33
ATR(14)
Less Volatile 29.73
STOCH(9,6)
Overbought 89.55
STOCH RSI(14)
Overbought 95.76
MACD(12,26)
Bullish 7.41
ADX(14)
Strong Trend 28.69
UO(9)
Bearish 64.86
ROC(12)
Uptrend And Accelerating 8.32
WillR(14)
Overbought -3.19
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
we are part of Raise Financial Services
built with love
for indians who love to invest & trade
Market Community
Follow us on
