Bharat Forge Limited Share Price & Analysis
Price Chart
Fundamentals
Concerns
- ✗Premium to sector peers (P/E 77.2x vs industry 40.6x)
- ✗High premium to book value (P/B 9.7x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| MARUTI Maruti Suzuki India Limited | ₹13,035 | ₹4.1L Cr | 27.9 | 3.82 | 14.4 | 19 | 0 |
| M&M Mahindra & Mahindra Limited | ₹3,039 | ₹3.7L Cr | 21.1 | 4.06 | 20.8 | 15.4 | 1.53 |
| BAJAJ-AUTO Bajaj Auto Limited | ₹10,350 | ₹2.9L Cr | 26.7 | 7.45 | 29.1 | 28.2 | 0.58 |
| EICHERMOT Eicher Motors Limited | ₹7,050 | ₹2.0L Cr | 35.2 | 7.7 | 24 | 30.5 | 0.02 |
| TVSMOTOR TVS Motor Company Limited | ₹3,377 | ₹1.6L Cr | 52.5 | 16.8 | 33.8 | 17.4 | 3.89 |
| MOTHERSON Samvardhana Motherson International Limited | ₹143 | ₹1.5L Cr | 37 | 3.7 | 10.9 | 13.1 | 0.53 |
| HYUNDAI Hyundai Motor India Limited | ₹1,905 | ₹1.5L Cr | 28 | 7.74 | 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 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
Dividend - Rs 5.50 Per Share
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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