Bharat Forge Limited

Bharat Forge Ltd gained for a third straight session today. The stock is quoting at Rs 1983, up 3.35% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.24% on the day, quoting at 23325.6. The Sensex is at 74509.35, up 0.26%. Bharat Forge Ltd has slipped around 4.16% in last one month. Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has slipped around 6.79% in last one month and is currently quoting at 27159.15, up 0.17% on the day. The volume in the stock stood at 7.66 lakh shares today, compared to the daily average of 9.03 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 1990.1, up 3.66% on the day. Bharat Forge Ltd is up 55.81% in last one year as compared to a 7.9% drop in NIFTY and a 0.06% drop in the Nifty Auto index.The PE of the stock is 74.35 based on TTM earnings ending June 26.

Bharat Forge Limited has received approval from its board and shareholders to launch a Qualified Institutions Placement of equity shares with a face value of Rs 2, according to a regulatory filing on Thursday, September 17, 2026. The company has set a floor price of Rs 1,947.70 per share for the offering, which will be determined in consultation with lead managers, and may offer a discount of up to 5% on that price, while the ‘Relevant Date’ for the purpose of the Issue is also September 17, 2026.

Bharat Forge Limited announced that Bharat Forge Holding GmbH, a wholly-owned step-down subsidiary, has merged with Bharat Forge Global Holding GmbH, a wholly-owned subsidiary and immediate holding company, effective August 25, 2026, pursuant to a merger agreement dated August 18, 2026. As a result of the merger, Bharat Forge Holding GmbH ceases to exist, and Bharat Forge Aluminiumtechnik GmbH, previously a subsidiary of Bharat Forge Holding GmbH, has become a direct subsidiary of Bharat Forge Global Holding GmbH; the company stated the merger simplifies its structure and has no financial implication for its standalone or consolidated financial statements.

Bharat Forge Ltd fell for a fifth straight session today. The stock is quoting at Rs 1939.1, down 0.86% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.6% on the day, quoting at 23754.05. The Sensex is at 76041.29, down 0.62%.Bharat Forge Ltd has eased around 7.36% in last one month.Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has eased around 6.36% in last one month and is currently quoting at 27710.9, up 0.09% on the day. The volume in the stock stood at 9.41 lakh shares today, compared to the daily average of 13.9 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 1954.7, down 0.65% on the day. Bharat Forge Ltd jumped 61.22% in last one year as compared to a 4.11% slide in NIFTY and a 2.01% spurt in the Nifty Auto index.The PE of the stock is 76.64 based on TTM earnings ending June 26.

Kalyani Powertrain Limited has completed the divestment of its entire 50% equity stake in REFU Drive GmbH to REFU Elektronik GmbH, effectively ending the joint venture relationship, according to a regulatory filing by Bharat Forge Limited on September 2, 2026.

Bharat Forge Limited announced that its board approved a further investment of up to Rs 2,400 million in Kalyani Strategic Systems Limited, a wholly owned subsidiary, in one or more tranches. Kalyani Strategic Systems Limited, incorporated on December 20, 2010, had a turnover of Rs 12,244.70 million for the fiscal year 2025-26 and is engaged in developing and manufacturing defense platforms, systems, and equipment, with a presence in India and Spain; the investment is expected to be completed on or before March 31, 2027.

Bharat Forge Ltd share price ticked higher by 1.97% to Rs 2274.0 after the company's net profit plunged by 138.51% to Rs 89.89 crore, while revenue from operations slightly gained 2.47% to Rs 4639.94 crore in Q2FY26 over Q1FY26. The market capitalization of Auto Components & Equipments industry group stocks on BSE stood at Rs 10.69 lakh crore, gaining 5.10%. It has marginally improved by 3.90% over last one week and soared by 18.56% in last one month while the market capitalization of Bharat Forge Ltd has improved by 3.50% and 18.89% in the same period respectively. Profit before tax (PBT) of Bharat Forge Ltd stood at Rs 44.44 crore in Q2 FY26, tanking 89.19% year-on-year, and plunging by 88.67% quarter-on-quarter. EBITDA came in at Rs 652 crore, easing 4.66% YoY and retreating 10.07% sequentially. Total expenses grew marginally by 4.72% to Rs 4193.77 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 2102.99 crore, softening by 7.43% YoY, while employee benefits expense was at Rs 593.53 crore, improving by 11.02% YoY. For the TTM ended FY26, revenue from operations advanced 11.17% to Rs 16811.65 crore, while net profit registered a growth of 19.28% to Rs 1089.4 crore, compared to previous TTM. EBITDA surged by 257649% to Rs 2727.99 crore, and PBT rose 14.52% to Rs 1667.17 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 1486.64 crore in FY26, as against Rs 1796.34 crore in FY25. Bharat Forge Ltd jumped 95.40% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 2.63% during the same period.

Okay, let's break down this document. It's a collection of reports and disclosures related to Bharat Forge Limited, an Indian automotive and metal forging company. Here's a summary and analysis of each section: **1. Independent Auditor's Report (Not Included - Mentioned in the context)** * The document references an Independent Auditor's Report, but it's not included. This report would provide an opinion on the fairness of the financial statements. **2. Limited Review Report (by BS R & Co. LLP)** * **Purpose:** This is a limited review of Bharat Forge's consolidated unaudited financial results for a specific period (likely a quarter or half-year). A limited review is less extensive than a full audit. * **Scope:** The review was conducted based on the applicable accounting standards and relevant regulations. * **Responsibilities:** The management is responsible for preparing the financial results; the auditors' responsibility is to express an opinion on these results based on their review. * **Findings:** The report states that based on their review, nothing has come to their attention that causes them to believe that the financial results are not presented fairly in accordance with the applicable accounting standards. This is a positive finding. * **Key Takeaway:** The financial results appear to be reliable based on the limited review conducted. **3. List of Subsidiaries (Annexure 1)** * **Purpose:** This is a comprehensive list of Bharat Forge's subsidiaries, both in India and internationally. * **Significance:** It demonstrates the global reach and complex structure of the company. The subsidiaries cover various aspects of the business, including forging, aluminum technology, mobility solutions, and engineering. * **Key Takeaway:** Bharat Forge operates through a wide network of subsidiaries, indicating a diversified business model. **4. Fund Raising Disclosure (Annexure 2)** * **Purpose:** This disclosure is required by the Securities and Exchange Board of India (SEBI) regulations regarding fund raising activities. * **Details:** * **Type of Securities:** The company is considering issuing equity shares, debt, or convertible securities. * **Amount:** The potential fundraising amount is up to Rs 25,000 million (approximately $300 million USD, depending on the current exchange rate). * **Decision-Making:** The "Investment Committee – Strategic Business" will decide the specifics of the issuance. * **Other Details:** The disclosure outlines what information would be provided to the stock exchange in various scenarios (preferential issue, bonus issue, ADR/GDR, debt securities), but most of these scenarios are marked as "Not Applicable" for this particular disclosure. * **Key Takeaway:** Bharat Forge is exploring significant fundraising options, likely to support growth, expansion, or strategic initiatives. **Overall Analysis and Key Points** * **Financial Health:** The limited review report suggests a positive financial outlook, at least based on the information reviewed. * **Global Operations:** The extensive list of subsidiaries highlights the company's international presence and diversified business activities. * **Growth Strategy:** The fund-raising disclosure indicates a proactive approach to growth and expansion. The company is likely seeking capital to invest in new projects, acquisitions, or to strengthen its financial position. * **Regulatory Compliance:** The document demonstrates Bharat Forge's adherence to SEBI regulations regarding financial reporting and disclosures. **To help me provide even more specific insights, could you tell me:** * **What is the specific period covered by the Limited Review Report?** (e.g., Q1 2024, H1 2024) * **What is the context of this document?** (e.g., Is it part of an annual report, a press release, or something else?) * **Are you interested in any specific aspect of this document?**

Bharat Forge Ltd rose for a third straight session today. The stock is quoting at Rs 2235, up 1.13% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.28% on the day, quoting at 24567. The Sensex is at 78518.11, down 0.55%. Bharat Forge Ltd has added around 6.4% in last one month. Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has added around 10.42% in last one month and is currently quoting at 29113.4, up 1.4% on the day. The volume in the stock stood at 5.2 lakh shares today, compared to the daily average of 7.61 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 2246.6, up 1.08% on the day. Bharat Forge Ltd is up 96.88% in last one year as compared to a 0.84% gain in NIFTY and a 25.75% gain in the Nifty Auto index.The PE of the stock is 95.26 based on TTM earnings ending March 26.

Bharat Forge Limited will hold a board meeting on August 10, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026, and to consider raising funds through various means including equity shares or other convertible securities, subject to shareholder approval and regulatory clearances. Trading window for company directors and designated persons has been closed from July 1, 2026, and will reopen on August 13, 2026.