Bharat Forge Ltd

Bharat Forge Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bharat Forge Ltd

₹ 1,227 -0.17%
22 May 9:28 a.m.
bharatforge.com BSE: 500493 NSE: BHARATFORG
About

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)

Key Points

Part of Kalyani Group
The company belongs to the Kalyani Group which has an annual turnover of more than USD 3 Billion. Apart from the forging Industry, the group has a presence in engineering steel, automotive, industrial, renewable energy, urban infrastructure, and specialty chemicals and maintains a leading position in various business segments. [1]

Website BSE NSE
  • Market Cap ₹ 58,661 Cr.
  • Current Price ₹ 1,227
  • High / Low ₹ 1,826 / 919
  • Stock P/E 41.0
  • Book Value ₹ 229
  • Dividend Yield 0.74 %
  • ROCE 15.6 %
  • ROE 14.7 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 30.4%

Cons

  • Stock is trading at 5.36 times its book value
  • Company has high debtors of 158 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

Part of BSE 500 BSE 100 BSE 200 Nifty 500 BSE Auto

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,674 1,759 1,864 1,952 1,997 2,127 2,249 2,263 2,329 2,338 2,247 2,096 2,163
1,243 1,324 1,411 1,417 1,509 1,579 1,643 1,600 1,669 1,687 1,621 1,486 1,546
Operating Profit 431 435 453 535 488 549 607 663 659 651 625 610 617
OPM % 26% 25% 24% 27% 24% 26% 27% 29% 28% 28% 28% 29% 29%
64 23 47 42 -2 47 40 35 25 -101 48 30 28
Interest 41 26 36 85 66 71 73 81 63 70 64 57 59
Depreciation 104 106 107 108 105 109 113 112 108 109 108 110 112
Profit before tax 350 325 358 384 315 417 462 504 513 371 502 473 473
Tax % 25% 25% 25% 25% 22% 25% 25% 25% 24% 27% 28% 27% 27%
262 244 268 289 245 312 346 378 390 269 361 346 346
EPS in Rs 5.63 5.23 5.76 6.21 5.25 6.69 7.43 8.11 8.37 5.79 7.76 7.24 7.23
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3,399 4,548 4,334 3,865 5,316 6,520 4,564 3,652 6,255 7,573 8,969 8,844
2,535 3,218 3,017 2,790 3,779 4,614 3,548 2,924 4,539 5,662 6,491 6,340
Operating Profit 864 1,330 1,317 1,074 1,537 1,906 1,016 728 1,716 1,911 2,478 2,503
OPM % 25% 29% 30% 28% 29% 29% 22% 20% 27% 25% 28% 28%
126 89 108 136 -15 166 67 131 199 110 147 6
Interest 150 112 91 73 85 102 145 78 107 213 287 250
Depreciation 245 251 308 295 307 347 345 366 412 426 442 440
Profit before tax 596 1,057 1,026 842 1,131 1,623 593 415 1,396 1,383 1,895 1,819
Tax % 33% 32% 32% 31% 37% 34% 20% 25% 23% 24% 25% 27%
400 719 698 585 707 1,071 474 312 1,078 1,045 1,425 1,322
EPS in Rs 8.59 15.44 14.98 12.57 15.19 23.01 10.17 6.70 23.15 22.45 30.61 27.66
Dividend Payout % 26% 24% 25% 30% 30% 22% 34% 30% 30% 31% 29% 31%
Compounded Sales Growth
10 Years: 7%
5 Years: 14%
3 Years: 12%
TTM: -1%
Compounded Profit Growth
10 Years: 7%
5 Years: 23%
3 Years: 14%
TTM: 3%
Stock Price CAGR
10 Years: 7%
5 Years: 34%
3 Years: 21%
1 Year: -17%
Return on Equity
10 Years: 14%
5 Years: 13%
3 Years: 15%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 47 47 47 47 93 93 93 93 93 93 93 96
Reserves 2,647 3,449 3,535 4,185 4,521 5,305 5,262 5,856 7,017 7,607 8,476 10,869
1,994 1,797 2,669 2,422 2,510 3,189 3,275 3,814 4,124 4,782 4,756 4,296
1,011 1,083 929 1,023 1,242 1,352 1,087 1,352 1,607 1,712 1,863 2,000
Total Liabilities 5,698 6,376 7,179 7,677 8,366 9,939 9,717 11,115 12,841 14,194 15,188 17,260
2,025 1,956 2,277 2,374 2,528 2,634 2,808 3,459 3,301 3,238 3,157 3,129
CWIP 131 208 322 374 302 713 895 270 248 303 376 838
Investments 1,341 1,104 1,421 1,772 2,061 2,192 2,353 3,569 3,900 4,279 4,465 6,045
2,201 3,108 3,159 3,157 3,475 4,400 3,662 3,816 5,392 6,374 7,190 7,248
Total Assets 5,698 6,376 7,179 7,677 8,366 9,939 9,717 11,115 12,841 14,194 15,188 17,260

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
765 903 1,306 892 941 797 1,377 814 275 788 2,092 1,701
-425 -138 -651 -579 -697 -1,002 -729 -1,130 -248 -596 -807 -2,841
-397 -524 -677 -372 -367 299 -620 368 75 -172 -641 457
Net Cash Flow -57 241 -22 -59 -122 93 28 52 102 20 644 -683

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 56 45 120 130 123 126 132 158 145 156 147 158
Inventory Days 135 113 90 118 104 114 158 226 159 140 127 156
Days Payable 149 132 106 128 133 122 128 207 138 135 123 141
Cash Conversion Cycle 42 26 104 120 94 119 163 177 165 162 151 173
Working Capital Days 60 102 113 96 103 128 128 181 170 183 159 222
ROCE % 16% 23% 19% 14% 19% 22% 9% 5% 13% 13% 17% 16%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
45.25% 45.26% 45.26% 45.26% 45.26% 45.26% 45.26% 45.26% 45.26% 45.26% 44.07% 44.07%
18.82% 19.30% 17.88% 16.17% 15.79% 16.28% 16.60% 16.48% 17.04% 18.72% 17.87% 16.08%
24.33% 24.55% 26.09% 27.70% 28.61% 27.95% 27.74% 28.06% 27.96% 26.32% 28.35% 30.20%
0.16% 0.16% 0.18% 0.18% 0.18% 0.18% 0.18% 0.18% 0.18% 0.16% 0.15% 0.15%
11.44% 10.72% 10.60% 10.70% 10.17% 10.35% 10.22% 10.04% 9.58% 9.55% 9.55% 9.49%
No. of Shareholders 1,56,4451,58,8451,55,7341,62,1051,56,6861,69,9541,79,6831,89,1041,82,9881,99,7212,07,8102,14,725

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls