Market Cap ₹52609 Cr.
Stock P/E 57.8
P/B 5.8
Current Price ₹1100.4
Book Value ₹ 191.2
Face Value 2
52W High ₹1826.2
Dividend Yield 0.82%
52W Low ₹ 1001.8
Bharat Forge Ltd is an India-primarily based enterprise, that's engaged in production and selling of forged and machined additives which includes aluminium castings for automobile and business sectors. Its segments consist of Forgings and Others. It is likewise in the production and assembly of electric vehicle associated components. It offers complete-service supply functionality, which incorporates from concept to product layout, engineering, manufacturing, testing, and validation. It manufactures essential components for thermal, wind, hydro, and nuclear packages. It offers automotive products, which includes engines, chassis and transmission and drive line. It also manufactures a lot of railway additives, along with engine components, turbochargers, bogie additives, and power electronics. It elements additives to the aviation sector, together with fan blades, compressors and turbines, aero systems, and tools components. It caters to domestic and international markets.
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| #(Fig in Cr.) | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 3076 | 3353 | 3629 | 3877 | 3774 | 3866 | 4164 | 4106 | 3689 | 3476 |
| Other Income | 46 | 37 | 58 | 64 | 52 | 56 | 55 | 52 | 62 | 38 |
| Total Income | 3122 | 3390 | 3687 | 3941 | 3827 | 3922 | 4219 | 4158 | 3750 | 3514 |
| Total Expenditure | 2644 | 2884 | 3191 | 3282 | 3153 | 3169 | 3521 | 3365 | 3041 | 2851 |
| Operating Profit | 478 | 506 | 496 | 660 | 674 | 754 | 698 | 793 | 709 | 663 |
| Interest | 53 | 109 | 97 | 114 | 124 | 137 | 116 | 124 | 110 | 96 |
| Depreciation | 188 | 186 | 181 | 206 | 211 | 224 | 207 | 218 | 213 | 218 |
| Exceptional Income / Expenses | -2 | -0 | -41 | 0 | -2 | 0 | -10 | -152 | 0 | 0 |
| Profit Before Tax | 235 | 211 | 177 | 339 | 336 | 393 | 365 | 299 | 386 | 349 |
| Provision for Tax | 93 | 102 | 49 | 128 | 122 | 141 | 139 | 125 | 142 | 134 |
| Profit After Tax | 142 | 109 | 128 | 211 | 214 | 253 | 227 | 174 | 244 | 214 |
| Adjustments | 4 | -26 | 7 | 12 | 13 | 12 | 9 | 29 | -0 | -2 |
| Profit After Adjustments | 146 | 83 | 135 | 223 | 227 | 265 | 236 | 203 | 244 | 213 |
| Adjusted Earnings Per Share | 3.1 | 1.8 | 2.9 | 4.8 | 4.9 | 5.7 | 5.1 | 4.4 | 5.2 | 4.4 |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 6716 | 7622 | 6809 | 6396 | 8358 | 10146 | 8056 | 6336 | 10461 | 12910 | 15682 | 15435 |
| Other Income | 125 | 137 | 132 | 119 | 142 | 230 | 188 | 169 | 244 | 238 | 232 | 207 |
| Total Income | 6841 | 7759 | 6941 | 6515 | 8500 | 10376 | 8244 | 6505 | 10705 | 13149 | 15914 | 15641 |
| Total Expenditure | 5686 | 6181 | 5401 | 5145 | 6641 | 8125 | 6946 | 5475 | 8493 | 11208 | 13124 | 12778 |
| Operating Profit | 1155 | 1577 | 1540 | 1370 | 1859 | 2251 | 1298 | 1031 | 2212 | 1940 | 2790 | 2863 |
| Interest | 169 | 136 | 116 | 100 | 107 | 127 | 171 | 108 | 160 | 299 | 496 | 446 |
| Depreciation | 357 | 362 | 453 | 452 | 461 | 513 | 543 | 612 | 730 | 736 | 848 | 856 |
| Exceptional Income / Expenses | 104 | 43 | -5 | 128 | -95 | 0 | -79 | -306 | 92 | -46 | -12 | -162 |
| Profit Before Tax | 732 | 1122 | 966 | 947 | 1196 | 1599 | 462 | -25 | 1381 | 827 | 1439 | 1399 |
| Provision for Tax | 210 | 359 | 316 | 249 | 442 | 566 | 112 | 102 | 303 | 319 | 529 | 540 |
| Profit After Tax | 522 | 764 | 649 | 698 | 754 | 1033 | 349 | -127 | 1077 | 508 | 910 | 859 |
| Adjustments | -24 | -1 | 29 | 7 | 8 | -0 | 1 | 1 | 5 | 20 | 41 | 36 |
| Profit After Adjustments | 499 | 763 | 678 | 705 | 762 | 1032 | 350 | -126 | 1082 | 528 | 951 | 896 |
| Adjusted Earnings Per Share | 10.7 | 16.4 | 14.6 | 15.1 | 16.4 | 22.2 | 7.5 | -2.7 | 23.2 | 11.3 | 20.4 | 19.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 21% | 35% | 9% | 9% |
| Operating Profit CAGR | 44% | 39% | 4% | 9% |
| PAT CAGR | 79% | 0% | -3% | 6% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -1% | 18% | 26% | 5% |
| ROE Average | 13% | 13% | 9% | 15% |
| ROCE Average | 14% | 12% | 9% | 14% |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 2683 | 3444 | 3413 | 4116 | 4652 | 5376 | 5220 | 5415 | 6571 | 6706 | 7170 |
| Minority's Interest | 17 | -2 | -4 | 10 | 29 | 30 | 32 | 32 | 56 | 36 | -5 |
| Borrowings | 1521 | 1982 | 1638 | 1059 | 1126 | 1679 | 1875 | 2217 | 1787 | 1751 | 1859 |
| Other Non-Current Liabilities | 298 | 343 | 376 | 449 | 416 | 385 | 389 | 906 | 964 | 1465 | 880 |
| Total Current Liabilities | 3015 | 2467 | 2869 | 3206 | 3754 | 4109 | 3967 | 4518 | 6114 | 8277 | 9280 |
| Total Liabilities | 7535 | 8234 | 8292 | 8841 | 9977 | 11578 | 11482 | 13088 | 15492 | 18235 | 19184 |
| Fixed Assets | 2534 | 2629 | 3134 | 3277 | 3499 | 3624 | 4002 | 4750 | 4870 | 6161 | 6309 |
| Other Non-Current Assets | 874 | 1172 | 904 | 1344 | 1896 | 2415 | 2210 | 2124 | 2691 | 3072 | 2859 |
| Total Current Assets | 4126 | 4433 | 4254 | 4218 | 4581 | 5539 | 5271 | 6214 | 7931 | 9002 | 10016 |
| Total Assets | 7535 | 8234 | 8292 | 8841 | 9977 | 11578 | 11482 | 13088 | 15492 | 18235 | 19184 |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 407 | 240 | 339 | 358 | 272 | 203 | 286 | 313 | 447 | 558 | 509 |
| Cash Flow from Operating Activities | 716 | 1035 | 1356 | 1052 | 967 | 911 | 1522 | 1020 | 506 | 1294 | 1664 |
| Cash Flow from Investing Activities | -187 | -467 | -927 | -684 | -814 | -1175 | -1132 | -1511 | -690 | -1671 | -667 |
| Cash Flow from Financing Activities | -640 | -360 | -448 | -401 | -314 | 368 | -381 | 578 | 310 | 280 | -203 |
| Net Cash Inflow / Outflow | -111 | 208 | -19 | -33 | -161 | 104 | 8 | 87 | 126 | -97 | 795 |
| Closing Cash & Cash Equivalent | 296 | 447 | 358 | 325 | 203 | 286 | 313 | 447 | 558 | 509 | 1315 |
| # | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 10.71 | 16.38 | 14.57 | 15.13 | 16.38 | 22.17 | 7.51 | -2.71 | 23.23 | 11.35 | 20.43 |
| CEPS(Rs) | 18.89 | 24.18 | 23.68 | 24.69 | 26.09 | 33.2 | 19.17 | 10.42 | 38.82 | 26.72 | 37.77 |
| DPS(Rs) | 4.5 | 7.5 | 7.5 | 7.5 | 4.5 | 5 | 3.5 | 2 | 7 | 7 | 9 |
| Book NAV/Share(Rs) | 57.63 | 73.97 | 73.31 | 88.41 | 99.91 | 115.47 | 112.11 | 116.31 | 141.09 | 143.94 | 153.73 |
| Core EBITDA Margin(%) | 15 | 18.5 | 20.11 | 18.96 | 20.4 | 19.92 | 13.78 | 13.6 | 18.67 | 13.15 | 16.17 |
| EBIT Margin(%) | 13.13 | 16.15 | 15.45 | 15.86 | 15.48 | 17.01 | 7.86 | 1.3 | 14.62 | 8.7 | 12.23 |
| Pre Tax Margin(%) | 10.66 | 14.41 | 13.79 | 14.35 | 14.21 | 15.76 | 5.73 | -0.4 | 13.1 | 6.39 | 9.1 |
| PAT Margin (%) | 7.61 | 9.81 | 9.27 | 10.57 | 8.96 | 10.18 | 4.34 | -2 | 10.22 | 3.93 | 5.75 |
| Cash Profit Margin (%) | 12.81 | 14.46 | 15.74 | 17.42 | 14.44 | 15.24 | 11.08 | 7.66 | 17.15 | 9.61 | 11.12 |
| ROA(%) | 6.9 | 9.68 | 7.86 | 8.14 | 8.01 | 9.58 | 3.03 | -1.03 | 7.54 | 3.01 | 4.86 |
| ROE(%) | 21.14 | 24.92 | 18.94 | 18.53 | 17.2 | 20.59 | 6.59 | -2.39 | 17.97 | 7.66 | 13.13 |
| ROCE(%) | 17.53 | 22.39 | 16.93 | 14.92 | 17.19 | 19.94 | 6.67 | 0.82 | 13.61 | 8.75 | 13.75 |
| Receivable days | 44.19 | 40.3 | 58.78 | 75.86 | 71.1 | 73.48 | 82.5 | 83.63 | 61.85 | 74.01 | 72.16 |
| Inventory Days | 57.69 | 48.57 | 52.93 | 57.31 | 52.81 | 57.64 | 81.09 | 101.63 | 78 | 82.29 | 73.17 |
| Payable days | 116.27 | 116.97 | 136.06 | 126.14 | 120.87 | 116.63 | 122.33 | 155.04 | 122.86 | 115.8 | 109.15 |
| PER(x) | 19.69 | 38.96 | 29.95 | 34.39 | 42.75 | 23.08 | 31.16 | 0 | 30.21 | 67.86 | 55.29 |
| Price/Book(x) | 3.66 | 8.63 | 5.95 | 5.89 | 7.01 | 4.43 | 2.09 | 5.13 | 4.97 | 5.35 | 7.35 |
| Dividend Yield(%) | 1.07 | 0.59 | 0.86 | 0.72 | 0.64 | 0.98 | 1.5 | 0.34 | 1 | 0.91 | 0.8 |
| EV/Net Sales(x) | 1.78 | 4.14 | 3.41 | 4.22 | 4.25 | 2.7 | 1.82 | 5.09 | 3.61 | 3.22 | 3.72 |
| EV/Core EBITDA(x) | 10.35 | 20.01 | 15.09 | 19.72 | 19.13 | 12.16 | 11.3 | 31.32 | 17.06 | 21.45 | 20.92 |
| Net Sales Growth(%) | 29.99 | 13.5 | -10.67 | -6.07 | 30.67 | 21.39 | -20.6 | -21.35 | 65.1 | 23.41 | 21.47 |
| EBIT Growth(%) | 45.24 | 39.54 | -14 | -3.24 | 24.42 | 32.51 | -63.57 | -87 | 1772.89 | -26.96 | 71.88 |
| PAT Growth(%) | 73.75 | 46.21 | -14.96 | 7.43 | 8.08 | 36.89 | -66.55 | -136.35 | 948.31 | -52.8 | 79.03 |
| EPS Growth(%) | 101.36 | 52.96 | -11.03 | 3.86 | 8.21 | 35.38 | -66.11 | -136.13 | 955.96 | -51.16 | 80.01 |
| Debt/Equity(x) | 0.95 | 0.74 | 0.99 | 0.76 | 0.7 | 0.75 | 0.83 | 0.92 | 0.86 | 1.01 | 1.04 |
| Current Ratio(x) | 1.37 | 1.8 | 1.48 | 1.32 | 1.22 | 1.35 | 1.33 | 1.38 | 1.3 | 1.09 | 1.08 |
| Quick Ratio(x) | 1.02 | 1.38 | 1.14 | 0.98 | 0.86 | 0.9 | 0.89 | 0.98 | 0.85 | 0.71 | 0.73 |
| Interest Cover(x) | 5.33 | 9.28 | 9.33 | 10.47 | 12.22 | 13.57 | 3.69 | 0.76 | 9.61 | 3.77 | 3.9 |
| Total Debt/Mcap(x) | 0.26 | 0.09 | 0.17 | 0.13 | 0.1 | 0.17 | 0.4 | 0.18 | 0.17 | 0.19 | 0.14 |
| # | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 45.25 | 45.25 | 45.25 | 45.25 | 45.25 | 45.25 | 45.25 | 45.25 | 45.25 | 44.07 |
| FII | 19.3 | 17.88 | 16.17 | 15.79 | 16.28 | 16.6 | 16.47 | 17.03 | 18.72 | 17.88 |
| DII | 24.72 | 26.28 | 27.89 | 28.8 | 28.12 | 27.94 | 28.24 | 28.13 | 26.47 | 28.5 |
| Public | 10.72 | 10.59 | 10.69 | 10.16 | 10.34 | 10.21 | 10.03 | 9.58 | 9.55 | 9.55 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 21.07 | 21.07 | 21.07 | 21.07 | 21.07 | 21.07 | 21.07 | 21.07 | 21.07 | 21.07 |
| FII | 8.99 | 8.32 | 7.53 | 7.35 | 7.58 | 7.73 | 7.67 | 7.93 | 8.72 | 8.55 |
| DII | 11.51 | 12.24 | 12.99 | 13.41 | 13.09 | 13.01 | 13.15 | 13.1 | 12.33 | 13.63 |
| Public | 4.99 | 4.93 | 4.98 | 4.73 | 4.81 | 4.75 | 4.67 | 4.46 | 4.45 | 4.57 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 46.56 | 46.56 | 46.56 | 46.56 | 46.56 | 46.56 | 46.56 | 46.56 | 46.56 | 47.81 |
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