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Bharat Forge Ltd

BHARATFORG

Bharat Forge Ltd

BHARATFORG
MaterialsIron & Steel
MidcapWith a market cap of ₹53,177 cr, stock is ranked 160
Moderate RiskStock is 2.35x as volatile as Nifty
1,104.650.69% (-7.65)
1,104.650.69% (-7.65)

Price Chart

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MaterialsIron & Steel
MidcapWith a market cap of ₹53,177 cr, stock is ranked 160
Moderate RiskStock is 2.35x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

MaterialsIron & Steel
MidcapWith a market cap of ₹53,177 cr, stock is ranked 160
Moderate RiskStock is 2.35x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
56.167.420.22%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
27.703.151.50%

Forecast & Ratings

Detailed Forecast 
65%
Analysts have suggested that investors can buy this stock

from 20 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Bharat Forge Limited is engaged in the business of steel forgings, finished machined crankshafts, and front axles assembly and components. The Company's segments include Forgings and Projects (Capital goods).

PE Ratio
26.43
1Y Return
17.86%
Buy Reco %
55.56
PE Ratio
-36.60
1Y Return
3.73%
Buy Reco %
60.00
PE Ratio
14.22
1Y Return
11.55%
Buy Reco %
72.00
PE Ratio
18.47
1Y Return
2.19%
Buy Reco %
100.00
PE Ratio
13.47
1Y Return
13.85%
Buy Reco %
8.33
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 8.99%, vs industry avg of 9.86%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 1.95% to 2.01%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of -1.62%, vs industry avg of 4.95%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue6,967.316,657.718,499.7010,348.528,243.706,505.1610,833.9913,083.1215,914.8115,642.15
Raw Materialssubtract2,711.632,484.363,407.574,589.713,524.192,653.814,805.896,231.407,383.4012,942.62
Power & Fuel Costsubtract422.95405.00491.55591.89481.43396.10576.84827.88766.50
Employee Costsubtract915.26930.921,089.201,246.301,195.461,071.061,464.681,607.311,862.09
Selling & Administrative Expensessubtract303.99271.53334.50459.97381.25327.43608.07835.49733.40
Operating & Other expensessubtract1,052.721,054.011,407.711,213.671,480.621,362.331,107.291,719.892,391.06
Depreciation/Amortizationsubtract452.98452.05466.88520.79547.72612.16730.30735.59848.20856.98
Interest & Other Itemssubtract115.9699.96106.53127.22171.33107.73160.41298.62491.17445.00
Taxes & Other Itemssubtract313.38255.27433.31566.81111.87100.93298.75298.58487.86502.41
EPS14.5715.1316.3722.167.51-2.7123.2311.3420.4219.22
DPS3.753.754.505.003.502.007.007.002.509.00
Payout ratio0.260.250.270.230.47—0.300.620.120.47

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2018

Annual report

PDF

Investor Presentation

Nov 9PDF
Aug 16PDF
FY 2019

Annual report

PDF

Investor Presentation

May 27PDF
Feb 14PDF
Aug 11PDF
FY 2020

Annual report

PDF

Investor Presentation

Feb 10PDF
Nov 12PDF
Oct 11PDF
Aug 17PDF
 

Peers & Comparison

Comparing 3 stocks from 
MaterialsIron & Steel

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Bharat Forge Ltd55.917.420.22%
JSW Steel Ltd26.432.920.96%
Tata Steel Ltd-36.601.762.76%
Jindal Steel And Power Ltd14.221.890.24%

Price Comparison

Compare BHARATFORG with any stock or ETF
Compare BHARATFORG with any stock or ETF
BHARATFORG
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 1.18%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding44.07%18.85%9.65%17.88%9.55%

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Shareholding History

SepDec '23MarJunSepDec '2416.28%16.60%16.47%17.03%18.72%17.88%

Mutual Funds Holding Trend

Increased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 2.39%

Top 5 Mutual Funds holding Bharat Forge Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
1.5192%1.64%-0.07%22/63 (-2)
1.3388%1.45%-0.04%52/72 (-2)
1.2531%2.02%0.71%8/103 (+9)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.22%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.19 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJul 5, 2024

Final
Final | Div/Share: ₹6.50

Dividend/Share

₹6.50

Ex DateEx Date

Jul 5, 2024

Cash Dividend

Ex DateEx DateFeb 23, 2024

Interim
Interim | Div/Share: ₹2.50

Dividend/Share

₹2.50

Ex DateEx Date

Feb 23, 2024

Cash Dividend

Ex DateEx DateJul 7, 2023

Final
Final | Div/Share: ₹5.50

Dividend/Share

₹5.50

Ex DateEx Date

Jul 7, 2023

Cash Dividend

Ex DateEx DateNov 24, 2022

Interim
Interim | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Nov 24, 2022

Cash Dividend

Ex DateEx DateJul 14, 2022

Final
Final | Div/Share: ₹5.50

Dividend/Share

₹5.50

Ex DateEx Date

Jul 14, 2022

News & Opinions
Earnings
Bharat Forge consolidated net profit declines 19.58% in the December 2024 quarter

Net profit of Bharat Forge declined 19.58% to Rs 212.76 crore in the quarter ended December 2024 as against Rs 264.55 crore during the previous quarter ended December 2023. Sales declined 10.11% to Rs 3475.55 crore in the quarter ended December 2024 as against Rs 3866.41 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales3475.553866.41 -10 OPM %17.9218.05 - PBDT565.25618.71 -9 PBT347.00395.04 -12 NP212.76264.55 -20 Powered by Capital Market - Live

1 hour agoCapital Market - Live
Corporate
Bharat Forge fixes record date for interim dividend

Bharat Forge has fixed 18 February 2025 as record date for interim dividend of Rs 2.50 per equity share for FY 2024-25. The dividend will be paid on or before 12 March 2025. Powered by Capital Market - Live

2 hours agoCapital Market - Live
Corporate
Board of Bharat Forge recommends Interim Dividend

Bharat Forge announced that the Board of Directors of the Company at its meeting held on 12 February 2025, has recommended a Interim dividend of Rs.2.50 per share (i.e.125%), subject to the approval of the shareholders.Powered by Capital Market - Live

3 hours agoCapital Market - Live
Corporate
Kalyani Strategic Systems signs MoU with L3Harris Technologies

Kalyani Strategic Systems (KSSL), a subsidiary of Bharat Forge and L3Harris Technologies signed a Memorandum of Understanding (MOU) for wider collaboration in supporting advanced defense and security equipment in India. Under the two-year agreement, both companies will work in close collaboration to provide solutions for mutually agreed opportunities in Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C4ISR) technologies. The MOU provides L3Harris with a strong, local partner to support tactical communications network development in India, extending an existing global install footprint of more than 1 million fielded radios across U.S. Department of Defense and allied inventories. Powered by Capital Market - Live

1 day agoCapital Market - Live
Corporate
Bharat Forge to further invest Rs 82 cr in Kalyani Powertrain

Bharat Forge has approved additional investment in the equity shares of Kalyani Powertrain (KPTL) (wholly owned subsidiary of the company) by way of rights issue. The company shall subscribe to 82,000,000 equity shares of face value Rs. 10/- each of KPTL for an amount of Rs. 82 crore. The current tranche of investment will be completed by 10 February 2025.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Bharat Forge announces board meeting date

Bharat Forge will hold a meeting of the Board of Directors of the Company on 12 February 2025.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Bharat Forge announces change in senior management

Bharat Forge announced that Krishnan Iyer, President & COO, Component Business Unit and Senior Management Personnel (SMP) of the Company has tendered his resignation from the services of the Company. The resignation has been accepted by the Company as of 20 January 2025. His last working day in the organization will be 02 April 2025. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Kalyani Strategic System acquires 25% stake in Edgelab

Bharat Forge announced that its wholly owned subsidiary, Kalyani Strategic System (KSSL) has completed the acquisition of 25% of total share capital of Edgelab S.p.A. (Edgelab), pursuant to its proposed initial public offer. KSSL has been allotted 769,000 Ordinary Shares of Edgelab at a price of ' 3.25 per share. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
CARE Rating affirms Bharat Forge's 'AA+' rating 'stable' outlook

The agency has affirmed the company's short-term rating at 'CARE A1+'. CARE Rating stated that the reaffirmation of the ratings assigned to the bank facilities and instruments of Bharat Forge (BFL) continue to factor its established market position as India's largest manufacturer and exporter of auto components, consistently healthy profitability in the Indian manufacturing operations and long-standing relationship with global automotive original equipment manufacturers (OEMs) and Tier-I suppliers, particularly in the commercial vehicle (CV) segment. The rating has positively factored the robust order book position in the defence segment, ramp-up of the greenfield aluminium forging capacity in North America and the funds raised through qualified institutional placement (QIP), which will be largely utilized towards debt repayment/pre-payment. The rating strengths are constrained due to working capital intensive operations and volatility in end-user sectors. Despite diversification, even today, a large proportion of its revenue is derived from the automotive segment, thereby exposing the company to inherent cyclicality of the automobiles industry. The ratings are further constrained on account of the susceptibility of the operating margins to commodity price risk and forex risk. Turnaround in the performance of overseas operations and any large-sized unanticipated debt-funded capex or acquisitions leading to deterioration in the capital structure and debt coverage metrics from the existing levels would continue to remain the key rating monitorable. Bharat Forge (BFL) is the flagship company of the Kalyani Group providing engineering solutions for diverse automotive and industrial applications. It is India's one of the largest forging company with forging-based engine and chassis components with focus on crankshafts and front-axle beams, largest exporter of auto components and amongst the leading manufacturers of industrial components. It has a diversified global customer base including the top five CV and PV manufacturers in the world. The scrip rose 0.88% to currently trade at Rs 1,291.05 on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Bharat Forge announces acquisition of 25% stake in Italy-based Edgelab

Bharat Forge announced that its wholly owned subsidiary Kalyani Strategic Systems has entered into a Cornerstone Investment Agreement (Cornerstone Investment Agreement) with Edgelab S.p.A, Italy (Edgelab) on 13 December 2024 for the acquisition of 25% of Edgelab's equity share capital, pursuant to its proposed initial public offer. Edgelab is an Innovative SME with expertise in designing and manufacturing of high-tech vehicles in the field of marine robotics, with a variety of application areas including scientific research, archaeology, undersea, offshore applications, underwater professional and port area control. Edgelab specializes in design and manufacture of Autonomous Underwater Vehicles for both civilian purposes and defense applications.Powered by Capital Market - Live

2 months agoCapital Market - Live