Bharat Forge Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
Concerns
- Premium to sector peers (P/E 82.8x vs industry 38.9x)
- High premium to book value (P/B 8.8x)
Today's Price Action
The stock closed at ₹1760, unchanged from the previous session. Trading volume matched the 20‑day average at 10,92,949 shares, indicating a neutral participation level and reflects typical liquidity patterns for the instrument.
Valuation Snapshot
The current price‑to‑earnings multiple stands at 82.8, markedly higher than the sector average, which is effectively zero due to a lack of earnings for many peers. Return on equity is 12%, suggesting modest profitability relative to the capital employed.
Key Levels to Watch
The 52‑week range spans ₹1,283 to ₹2,295, placing the present price roughly midway between the low and high of the period, which provides a reference frame for potential support and resistance. Open‑interest data from nearby futures contracts shows a concentration around the ₹1,700‑₹1,800 band, which historically acts as a liquidity cushion, indicating that traders may defend this zone during short‑term price swings.
Chart Pattern
A bullish Marubozu candlestick formed three trading days ago on the daily chart, reflecting a session that closed near its high with little to no wicks. The candle's body engulfed the entire session range, confirming aggressive buying pressure throughout the day.
Data Summary
Key metrics include a market capitalisation reported as zero crore, a price‑to‑book ratio of zero, and a P/E of 82.8. Such stability, combined with the observed Marubozu, indicates a market still currently absorbing information without sharp fluctuations.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| M&M Mahindra & Mahindra Limited | ₹2,870 | ₹3.6L Cr | 18.6 | 3.83 | 20.3 | 15.1 | 1.53 |
| MARUTI Maruti Suzuki India Limited | ₹11,579 | ₹3.5L Cr | 24.6 | 3.4 | 14.3 | 18.9 | 0 |
| BAJAJ-AUTO Bajaj Auto Limited | ₹10,485 | ₹2.8L Cr | 23.5 | 7.55 | 29.2 | 28.2 | 0.58 |
| EICHERMOT Eicher Motors Limited | ₹7,300 | ₹1.9L Cr | 33.4 | 7.98 | 24 | 30.5 | 0.02 |
| TVSMOTOR TVS Motor Company Limited | ₹4,240 | ₹1.9L Cr | 54.7 | 21.09 | 33.6 | 17.4 | 3.89 |
| MOTHERSON Samvardhana Motherson International Limited | ₹160 | ₹1.6L Cr | 35.4 | 4.13 | 11.2 | 13.4 | 0.53 |
| HYUNDAI Hyundai Motor India Limited | ₹1,867 | ₹1.5L Cr | 30.4 | 7.59 | 29.9 | 38.4 | 0.05 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
BHARATFORG · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 45.26% | 45.26% | 45.26% | 45.26% | 44.07% | 44.07% |
| FII | 16.60% | 16.48% | 17.04% | 18.72% | 17.87% | 16.08% |
| DII | 27.74% | 28.06% | 27.96% | 26.32% | 28.35% | 30.20% |
| Public | 10.22% | 10.04% | 9.58% | 9.55% | 9.55% | 9.49% |
| Govt | 0.18% | 0.18% | 0.18% | 0.16% | 0.15% | 0.15% |
Corporate Events
To consider and approve the financial results for the period ended September 30, 2026
To consider and approve the financial results for the period ended Jun 30, 2026
To consider Fund Raising
Dividend - Rs 6.50 Per Share
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Interim Dividend - Rs 2 Per Share
Dividend - Rs 6 Per Share
Interim Dividend - Rs 2.5 Per Share
Dividend - Rs 6.50 Per Share
Interim Dividend - Rs 2.50 Per Share
Latest News
All newsBharat Forge receives credit rating update
*Bharat Forge receives credit rating update.* The company’s latest credit rating has been disclosed in a regulatory filing. No changes or downgrades were specified in the brief update. Investors await further details on financial health and outlook. 📊 *STOCKS:* BHARATFORGE | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CreditRating
Bharat Forge announces capital raise plans.
*Bharat Forge announces capital raise plans.* The company disclosed plans for a capital infusion in its recent board meeting. Details including size and structure of the offering will be revealed in due course. This move aims to strengthen the balance sheet and fund future growth initiatives. 📊 *STOCKS:* $BHARATFORGE | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #CapitalRaise
Bharat Forge reports Q1 FY27 financial results
*Bharat Forge reports Q1 FY27 financial results.* The company has released its financial performance for the quarter ended June 30, 2026. Results include key metrics on revenue, profit, and operational performance. Traders may assess guidance and margins for near-term F&O trends. 📊 *STOCKS:* BHARATFORGE | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Earnings
Bharat Forge signs aerospace contract with Pratt & Whitney Canada
*Bharat Forge signs aerospace contract with Pratt & Whitney Canada* — Bharat Forge has signed a long-term agreement with Pratt & Whitney Canada, a unit of RTX, for critical aerospace engine components. The deal strengthens its position in the global aerospace supply chain. Contract terms and value were not disclosed. 📊 *STOCKS:* BHARATFORGE | 🏢 *SECTOR:* Corporate | #MEDIUMIMPACT #Aerospace
Kalyani Group unveils new artillery guns at Eurosatory 2026
*Kalyani Strategic Systems Limited unveils new MArG Series 155mm 4×4 Mounted Artillery Guns at Eurosatory 2026.* The launch marks a strategic advancement in India’s defense export capabilities. **No financial figures** disclosed, but the unveiling may lead to future orders. Bharat Forge, parent of Kalyani Group, stands to benefit from increased defense visibility. 📊 *STOCKS:* BHARATFORG | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Defense
Bharat Forge wins aerospace component order from Pratt & Whitney Canada
*Bharat Forge wins aerospace component order from Pratt & Whitney Canada.* The contract marks a strategic win in the global aerospace sector. Terms include long-term supply of critical engine components. This strengthens Bharat Forge’s position in high-tech manufacturing exports. 📊 *STOCKS:* $BHARATFORGE | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Aerospace
Bharat Forge wins aerospace engine component contract
*Bharat Forge wins aerospace engine component contract.* The company has secured a contract from Pratt & Whitney Canada for manufacturing aerospace engine components. This order strengthens its position in the global aerospace supply chain. The deal underscores growing export opportunities in defense and aviation sectors. 📊 *STOCKS:* $BHARATFORG | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Aerospace
Bharat Forge publishes mandatory newspaper notice
*Bharat Forge publishes mandatory newspaper notice* as part of regulatory compliance. The filing does not disclose any financial or operational update. It is a routine corporate disclosure required under listing norms. No immediate business implications are evident. 📊 *STOCKS:* BHARATFORGE | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateFiling
Bharat Forge hosts analyst and investor meet
*Bharat Forge hosts analyst and investor meet* to discuss business outlook and performance. The company provided updates during its investor presentation filed with the NSE. No major financial announcements or guidance changes were disclosed. Event is routine and part of regular corporate communication. 📊 *STOCKS:* $BHARATFORGE | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorMeet
Bharat Forge publishes mandatory newspaper notice
*Bharat Forge publishes mandatory newspaper notice* as part of regulatory compliance. The filing is a routine disclosure with no financial impact. Such notices are standard for public announcements under listing norms. No operational or strategic developments were indicated. 📊 *STOCKS:* BHARATFORGE | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateFiling
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4.3K Cr 7.7% | ₹4.0K Cr 3.1% | ₹3.9K Cr 1.5% | ₹3.9K Cr 10.8% | ₹3.5K Cr 5.8% | ₹3.7K Cr 10.2% | ₹4.1K Cr 1.4% | ₹4.2K Cr |
| Op. Profit | ₹746 Cr 3.0% | ₹724 Cr 8.1% | ₹670 Cr 1.3% | ₹679 Cr 9.0% | ₹623 Cr 3.7% | ₹647 Cr 12.7% | ₹741 Cr 15.2% | ₹643 Cr |
| OPM | 17.0% 5.6% | 18.0% 5.9% | 17.0% 5.6% | 18.0% 0.0% | 18.0% 0.0% | 18.0% 0.0% | 18.0% 20.0% | 15.0% |
| Net Profit | ₹273 Cr 8.7% | ₹299 Cr 5.3% | ₹284 Cr 0.4% | ₹283 Cr 32.9% | ₹213 Cr 12.3% | ₹243 Cr 38.9% | ₹175 Cr 22.9% | ₹227 Cr |
| EPS (₹) | 5.53 11.7% | 6.26 5.6% | 5.93 0.5% | 5.9 32.6% | 4.45 14.9% | 5.23 20.0% | 4.36 14.0% | 5.07 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹16.8K Cr 11.2% | ₹15.1K Cr 3.6% | ₹15.7K Cr 21.5% | ₹12.9K Cr 23.4% | ₹10.5K Cr 65.1% | ₹6.3K Cr 21.4% | ₹8.1K Cr 20.6% | ₹10.1K Cr 21.4% | ₹8.4K Cr 30.7% | ₹6.4K Cr |
| Expenses | ₹13.9K Cr 11.8% | ₹12.4K Cr 5.3% | ₹13.1K Cr 17.4% | ₹11.2K Cr 31.8% | ₹8.5K Cr 54.0% | ₹5.5K Cr 21.2% | ₹7.0K Cr 13.8% | ₹8.1K Cr 22.0% | ₹6.6K Cr 25.8% | ₹5.3K Cr |
| Op. Profit | ₹2.9K Cr 8.4% | ₹2.7K Cr 5.1% | ₹2.6K Cr 47.5% | ₹1.7K Cr 12.4% | ₹2.0K Cr 138.3% | ₹832 Cr 22.4% | ₹1.1K Cr 47.7% | ₹2.0K Cr 18.9% | ₹1.7K Cr 53.7% | ₹1.1K Cr |
| OPM | 17.0% 5.6% | 18.0% 12.5% | 16.0% 23.1% | 13.0% 31.6% | 19.0% 46.2% | 13.0% 0.0% | 13.0% 35.0% | 20.0% 4.8% | 21.0% 16.7% | 18.0% |
| Other Income | ₹44 Cr 20.0% | ₹55 Cr 74.7% | ₹217 Cr 75.0% | ₹124 Cr 56.9% | ₹288 Cr 308.7% | ₹-138 Cr 226.6% | ₹109 Cr 45.2% | ₹199 Cr 332.6% | ₹46 Cr 88.2% | ₹391 Cr |
| Interest | ₹323 Cr 22.5% | ₹417 Cr 15.1% | ₹491 Cr 64.2% | ₹299 Cr 86.9% | ₹160 Cr 48.1% | ₹108 Cr 36.8% | ₹171 Cr 34.6% | ₹127 Cr 18.7% | ₹107 Cr 7.0% | ₹100 Cr |
| Depreciation | ₹971 Cr 11.1% | ₹874 Cr 3.1% | ₹848 Cr 15.2% | ₹736 Cr 0.8% | ₹730 Cr 19.3% | ₹612 Cr 11.7% | ₹548 Cr 5.2% | ₹521 Cr 11.6% | ₹467 Cr 3.3% | ₹452 Cr |
| PBT | ₹1.7K Cr 14.5% | ₹1.5K Cr 1.2% | ₹1.4K Cr 74.0% | ₹827 Cr 40.1% | ₹1.4K Cr 5624.0% | ₹-25 Cr 105.4% | ₹462 Cr 71.1% | ₹1.6K Cr 33.7% | ₹1.2K Cr 24.6% | ₹960 Cr |
| Tax % | 35.0% 5.4% | 37.0% 0.0% | 37.0% 5.1% | 39.0% 77.3% | 22.0% 94.5% | 399.0% 1562.5% | 24.0% 31.4% | 35.0% 5.4% | 37.0% 42.3% | 26.0% |
| Net Profit | ₹1.1K Cr 19.3% | ₹913 Cr 0.3% | ₹910 Cr 79.1% | ₹508 Cr 52.8% | ₹1.1K Cr 948.0% | ₹-127 Cr 136.4% | ₹349 Cr 66.2% | ₹1.0K Cr 37.0% | ₹754 Cr 6.0% | ₹711 Cr |
| EPS (₹) | 22.58 14.7% | 19.69 3.6% | 20.43 80.0% | 11.35 51.1% | 23.23 957.2% | -2.71 136.1% | 7.51 66.1% | 22.17 35.3% | 16.38 8.3% | 15.13 |
| Div Payout | 38.0% 11.6% | 43.0% 2.3% | 44.0% 29.0% | 62.0% 106.7% | 30.0% 140.5% | -74.0% 257.4% | 47.0% 104.3% | 23.0% 14.8% | 27.0% 8.0% | 25.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹96 Cr 0.0% | ₹96 Cr 3.2% | ₹93 Cr 0.0% | ₹93 Cr 0.0% | ₹93 Cr 0.0% | ₹93 Cr 0.0% | ₹93 Cr 0.0% | ₹93 Cr 0.0% | ₹93 Cr 97.9% | ₹47 Cr |
| Reserves | ₹9.3K Cr 1.2% | ₹9.2K Cr 29.4% | ₹7.1K Cr 7.0% | ₹6.6K Cr 2.1% | ₹6.5K Cr 21.7% | ₹5.3K Cr 3.8% | ₹5.1K Cr 3.0% | ₹5.3K Cr 15.9% | ₹4.6K Cr 12.0% | ₹4.1K Cr |
| Borrowings | ₹6.7K Cr 0.6% | ₹6.7K Cr 15.7% | ₹7.9K Cr 8.7% | ₹7.3K Cr 22.5% | ₹6.0K Cr 13.3% | ₹5.3K Cr 17.9% | ₹4.5K Cr 10.9% | ₹4.0K Cr 23.7% | ₹3.3K Cr 4.3% | ₹3.1K Cr |
| Other Liabilities | ₹4.7K Cr 17.2% | ₹4.0K Cr 1.2% | ₹4.1K Cr 3.6% | ₹4.2K Cr 42.9% | ₹3.0K Cr 22.8% | ₹2.4K Cr 34.0% | ₹1.8K Cr 17.5% | ₹2.2K Cr 5.1% | ₹2.1K Cr 29.3% | ₹1.6K Cr |
| Total Liabilities | ₹20.7K Cr 3.8% | ₹20.0K Cr 4.1% | ₹19.2K Cr 5.2% | ₹18.2K Cr 17.7% | ₹15.5K Cr 18.4% | ₹13.1K Cr 14.0% | ₹11.5K Cr 0.8% | ₹11.6K Cr 16.0% | ₹10.0K Cr 12.8% | ₹8.8K Cr |
Assets | ||||||||||
| Fixed Assets | ₹7.3K Cr 9.7% | ₹6.6K Cr 5.0% | ₹6.3K Cr 2.4% | ₹6.2K Cr 26.5% | ₹4.9K Cr 2.5% | ₹4.8K Cr 18.7% | ₹4.0K Cr 10.4% | ₹3.6K Cr 3.6% | ₹3.5K Cr 6.8% | ₹3.3K Cr |
| CWIP | ₹1.9K Cr 8.5% | ₹1.7K Cr 74.8% | ₹991 Cr 41.4% | ₹701 Cr 37.7% | ₹1.1K Cr 25.0% | ₹900 Cr 21.3% | ₹1.1K Cr 37.5% | ₹831 Cr 141.6% | ₹344 Cr 24.1% | ₹453 Cr |
| Investments | ₹1.7K Cr 16.1% | ₹2.1K Cr 11.6% | ₹1.8K Cr 28.0% | ₹2.6K Cr 1.3% | ₹2.6K Cr 0.1% | ₹2.6K Cr 61.1% | ₹1.6K Cr 6.2% | ₹1.5K Cr 1.5% | ₹1.5K Cr 25.9% | ₹1.2K Cr |
| Other Assets | ₹9.8K Cr 3.1% | ₹9.5K Cr 4.9% | ₹10.0K Cr 14.0% | ₹8.8K Cr 27.7% | ₹6.9K Cr 42.7% | ₹4.8K Cr 2.4% | ₹4.7K Cr 15.7% | ₹5.6K Cr 20.9% | ₹4.6K Cr 18.2% | ₹3.9K Cr |
| Total Assets | ₹20.7K Cr 3.8% | ₹20.0K Cr 4.1% | ₹19.2K Cr 5.2% | ₹18.2K Cr 17.7% | ₹15.5K Cr 18.4% | ₹13.1K Cr 14.0% | ₹11.5K Cr 0.8% | ₹11.6K Cr 16.0% | ₹10.0K Cr 12.8% | ₹8.8K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹1.8K Cr 7.9% | ₹1.7K Cr 28.6% | ₹1.3K Cr 155.7% | ₹506 Cr 50.4% | ₹1.0K Cr 33.0% | ₹1.5K Cr 67.1% | ₹911 Cr 5.8% | ₹967 Cr 8.1% | ₹1.1K Cr 22.4% | ₹1.4K Cr |
| Investing CF | ₹-2.0K Cr 195.3% | ₹-665 Cr 60.1% | ₹-1.7K Cr 141.4% | ₹-690 Cr 54.3% | ₹-1.5K Cr 35.6% | ₹-1.1K Cr 6.9% | ₹-1.2K Cr 65.7% | ₹-722 Cr 2.0% | ₹-737 Cr 17.0% | ₹-888 Cr |
| Financing CF | ₹-570 Cr 180.8% | ₹-203 Cr 172.5% | ₹280 Cr 9.7% | ₹310 Cr 46.4% | ₹578 Cr 251.7% | ₹-381 Cr 203.5% | ₹368 Cr 217.2% | ₹-314 Cr 21.7% | ₹-401 Cr 10.5% | ₹-448 Cr |
| Net Cash Flow | ₹-738 Cr 192.7% | ₹796 Cr 974.7% | ₹-91 Cr 172.2% | ₹126 Cr 44.8% | ₹87 Cr 234.6% | ₹26 Cr 68.7% | ₹83 Cr 220.3% | ₹-69 Cr 19.8% | ₹-86 Cr 552.6% | ₹19 Cr |
| Free Cash Flow | ₹352 Cr 114.6% | ₹164 Cr 49.5% | ₹325 Cr 170.8% | ₹-459 Cr 455.8% | ₹129 Cr 77.2% | ₹565 Cr 356.8% | ₹-220 Cr 155.1% | ₹399 Cr 2.2% | ₹408 Cr 12.3% | ₹465 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 70d 5.4% | 74d 14.9% | 87d 16.0% | 75d 7.4% | 81d 19.1% | 68d 11.7% | 77d 9.4% | 85d 10.4% | 77d 2.7% | 75d |
| Inventory Days | 198d 24.5% | 159d 16.8% | 191d 18.7% | 235d 5.6% | 249d 40.7% | 177d 10.6% | 160d 6.0% | 151d 6.2% | 161d 13.4% | 142d |
| Days Payable | 130d 16.1% | 112d 15.2% | 132d 6.4% | 141d 15.6% | 167d 59.0% | 105d 11.0% | 118d 20.3% | 148d 16.5% | 127d 6.7% | 119d |
| Cash Conv. Cycle | 138d 14.0% | 121d 17.7% | 147d 13.0% | 169d 3.7% | 163d 16.4% | 140d 17.6% | 119d 35.2% | 88d 20.7% | 111d 13.3% | 98d |
| Working Capital Days | -27d 41.3% | -46d 17.9% | -39d 62.5% | -24d 51.0% | -49d 226.7% | -15d 200.0% | 15d 150.0% | 6d 175.0% | -8d 172.7% | 11d |
| ROCE | 12.0% 7.7% | 13.0% 62.5% | 8.0% 27.3% | 11.0% 266.7% | 3.0% 57.1% | 7.0% 65.0% | 20.0% 11.1% | 18.0% 38.5% | 13.0% 23.5% | 17.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Bharat Forge Limited
Bharat Forge is engaged in the manufacturing and selling of forged and machined Compoundant for auto and industry sector.(Source : 201903 Annual Report Page No: 123)
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