Bharat Forge Ltd.

•
₹ 2,0630.05%

2026-08-21

bharatforge.comBSE: 500493NSE: BHARATFORG
Market Cap₹ 98,725 Cr.
Current Price₹ 2,062
High / Low₹ 2,295 / 1,100
Stock P/E0.0
Book Value₹ 237
Price to Book7.29
Dividend Yield0.41 %
ROCE9.8 %
ROE7.5 %
Face Value₹ 2

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ABOUT

KEY POINTS

PROS

  • Company has delivered good profit growth of 21.3% CAGR over last 5 years
  • Company has delivered good sales growth of 18.1% CAGR over last 5 years
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.50x)
  • Company has been maintaining a healthy dividend payout of 49.6%
  • Company has a consistent dividend-paying track record
  • Company generates healthy free cash flow

CONS

  • Recent results are weak - TTM profit is down 38.6% versus prior year
  • Valuation is stretched - P/E of 97.9 is well above its own 5-year median (42.2)
  • Recurring exceptional / one-off items are inflating headline profit
  • Stock is trading at 7.3x its book value
  • Growth is decelerating - 3Y profit CAGR (-7.8%) trails the 5Y trend (21.3%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
Automobile and Auto ComponentsAutomobile & AncillariesForgings
Part ofNIFTY 50NIFTY 500NIFTY LARGEMIDCAP 250NIFTY 100NIFTY 200
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.BHARATFORG2065.00139.7998725.300.41-89.89-131.674639.9418.7112.4615.05
2.HAPPYFORGE2305.9566.4721763.260.1791.4639.24449.4227.0318.1931.34
3.RKFORGE748.15127.5013629.050.1346.88297.761216.6719.845.5617.91
4.BALUFORGE537.5024.356524.810.0066.0915.89300.7228.9531.3328.19
5.MMFL655.9018.703166.790.6190.42371.26420.4818.719.0017.82
6.KALYANIFRG678.750.00246.930.594.48217.7366.804.1612.2615.89
7.GANGAFORGE2.260.0076.160.0010.583748.2871.85827.584.069.34
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023
2,127
1,579
Operating Profit
—
OPM %
—
Other Income
47
Interest
71
Depreciation
109
417
Tax %
25.21%
Net Profit
312
7
Equity Capital
93
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
93
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
2,249
1,643
Operating Profit
—
OPM %
—
Other Income
42
Interest
73
Depreciation
113
462
Tax %
25.05%
Net Profit
346
7
Equity Capital
93
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
93
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
2,263
1,600
Operating Profit
—
OPM %
—
Other Income
35
Interest
81
Depreciation
112
504
Tax %
25.10%
Net Profit
378
8
Equity Capital
93
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
93
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
2,329
1,669
Operating Profit
—
OPM %
—
Other Income
38
Interest
63
Depreciation
108
513
Tax %
24.00%
Net Profit
390
8
Equity Capital
93
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
93
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
2,338
1,687
Operating Profit
—
OPM %
—
Other Income
45
Interest
70
Depreciation
109
371
Tax %
27.34%
Net Profit
269
6
Equity Capital
93
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
93
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
2,247
1,621
Operating Profit
—
OPM %
—
Other Income
35
Interest
64
Depreciation
108
502
Tax %
28.04%
Net Profit
361
8
Equity Capital
93
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
93
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
2,096
1,486
Operating Profit
—
OPM %
—
Other Income
31
Interest
57
Depreciation
110
473
Tax %
26.78%
Net Profit
346
7
Equity Capital
96
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
96
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
2,163
1,546
Operating Profit
—
OPM %
—
Other Income
48
Interest
59
Depreciation
112
473
Tax %
27.00%
Net Profit
346
7
Equity Capital
96
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
96
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
2,105
1,533
Operating Profit
—
OPM %
—
Other Income
42
Interest
52
Depreciation
112
449
Tax %
24.65%
Net Profit
339
7
Equity Capital
96
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
96
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
1,947
1,396
Operating Profit
—
OPM %
—
Other Income
46
Interest
48
Depreciation
111
430
Tax %
27.95%
Net Profit
310
6
Equity Capital
96
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
96
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
2,084
1,517
Operating Profit
—
OPM %
—
Other Income
27
Interest
41
Depreciation
112
392
Tax %
26.44%
Net Profit
288
6
Equity Capital
96
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
96
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
2,260
1,643
Operating Profit
—
OPM %
—
Other Income
28
Interest
40
Depreciation
112
0
Tax %
51300.00%
Net Profit
-118
-2
Equity Capital
96
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
96
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
2,347
1,920
Operating Profit
—
OPM %
—
Other Income
34
Interest
43
Depreciation
115
437
Tax %
26.50%
Net Profit
321
1
Equity Capital
96
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
96
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017
3,865
2,792
Operating Profit
1,172
OPM %
30
Other Income
99
Interest
73
Depreciation
295
842
Tax %
31
Net Profit
585
EPS
13
Dividend Payout %
30
Minority Interest
0
Share of Associates
0
Adjusted EPS
13
Minority Interest
0
Share of Associates
0
Adjusted EPS
13
Mar 2018
5,316
3,779
Operating Profit
1,655
OPM %
31
Other Income
119
Interest
85
Depreciation
307
1,131
Tax %
37
Net Profit
707
EPS
15
Dividend Payout %
30
Minority Interest
0
Share of Associates
0
Adjusted EPS
15
Minority Interest
0
Share of Associates
0
Adjusted EPS
15
Mar 2019
6,520
4,644
Operating Profit
2,072
OPM %
32
Other Income
196
Interest
102
Depreciation
347
1,623
Tax %
34
Net Profit
1,071
EPS
23
Dividend Payout %
22
Minority Interest
0
Share of Associates
0
Adjusted EPS
23
Minority Interest
0
Share of Associates
0
Adjusted EPS
23
Mar 2020
4,564
3,548
Operating Profit
1,176
OPM %
26
Other Income
161
Interest
145
Depreciation
345
593
Tax %
20
Net Profit
474
EPS
10
Dividend Payout %
34
Minority Interest
0
Share of Associates
0
Adjusted EPS
10
Minority Interest
0
Share of Associates
0
Adjusted EPS
10
Mar 2021
3,652
2,924
Operating Profit
868
OPM %
24
Other Income
140
Interest
78
Depreciation
366
415
Tax %
25
Net Profit
312
EPS
7
Dividend Payout %
30
Minority Interest
0
Share of Associates
0
Adjusted EPS
7
Minority Interest
0
Share of Associates
0
Adjusted EPS
7
Mar 2022
6,255
4,587
Operating Profit
1,883
OPM %
30
Other Income
216
Interest
107
Depreciation
412
1,396
Tax %
23
Net Profit
1,078
EPS
23
Dividend Payout %
30
Minority Interest
0
Share of Associates
0
Adjusted EPS
23
Minority Interest
0
Share of Associates
0
Adjusted EPS
23
Mar 2023
7,573
5,732
Operating Profit
2,062
OPM %
27
Other Income
221
Interest
213
Depreciation
426
1,383
Tax %
24
Net Profit
1,045
EPS
22
Dividend Payout %
31
Minority Interest
0
Share of Associates
0
Adjusted EPS
22
Minority Interest
0
Share of Associates
0
Adjusted EPS
22
Mar 2024
8,969
6,500
Operating Profit
2,640
OPM %
29
Other Income
171
Interest
287
Depreciation
442
1,895
Tax %
25
Net Profit
1,425
EPS
31
Dividend Payout %
29
Minority Interest
0
Share of Associates
0
Adjusted EPS
31
Minority Interest
0
Share of Associates
0
Adjusted EPS
31
Mar 2025
8,844
6,417
Operating Profit
2,662
OPM %
30
Other Income
236
Interest
250
Depreciation
440
1,819
Tax %
27
Net Profit
1,322
EPS
28
Dividend Payout %
31
Minority Interest
0
Share of Associates
0
Adjusted EPS
28
Minority Interest
0
Share of Associates
0
Adjusted EPS
28
Mar 2026
8,396
6,108
Operating Profit
2,451
OPM %
29
Other Income
163
Interest
182
Depreciation
448
1,271
Tax %
36
Net Profit
819
EPS
17
Dividend Payout %
50
Minority Interest
0
Share of Associates
0
Adjusted EPS
17
Minority Interest
0
Share of Associates
0
Adjusted EPS
17
TTM
8,638
6,476
Operating Profit
—
OPM %
—
Other Income
137
Interest
173
Depreciation
451
1,259
Tax %
36
Net Profit
802
EPS
—
Dividend Payout %
—
Minority Interest
0
Share of Associates
0
Adjusted EPS
—
Minority Interest
0
Share of Associates
0
Adjusted EPS
—

COMPOUNDED SALES GROWTH

10 Years:
7%
5 Years:
18%
3 Years:
3%

COMPOUNDED PROFIT GROWTH

10 Years:
2%
5 Years:
21%
3 Years:
-8%

STOCK PRICE CAGR

10 Years:
17%
5 Years:
22%
3 Years:
28%
1 Year:
78%

RETURN ON EQUITY

10 Years:
14%
5 Years:
14%
3 Years:
13%
Last Year:
7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2017

Sep 28

1:1

Bharat Forge Ltd has informed BSE that the Board of Directors of the Company in its meeting held on August 10, 2017, inter alia, have recommended issue of Bonus Shares to holders of equity shares of the Company in the ratio of 1:1 (i.e. One bonus equity share of Rs. 2/- each fully paid up for every one fully paid-up equity shares of Rs. 2/- each held) subject to approval of the shareholders of the Company through postal ballot. Subject to shareholders? approval, bonus shares will be credited or share certificates in respect thereof will be dispatched to the shareholders on or before October 09, 2017. The Company will also seek the approval of members of the Company through postal ballot inter alia for increase in authorised share capital of the Company.

Mar 2017
Equity Capital
47
4,185
908
Trade Payables
464
2,073
Total Liabilities
7,677
2,373
Capital Work in Progress
374
1,772
426
0
Cash & Bank
278
2,453
Total Assets
7,677
Total Debt
2,422
Net Working Capital
1,201
Contingent Liabilities
222
Book Value per Share
181.79
Face Value
2.00
Total Debt
2,422
Net Working Capital
1,201
Contingent Liabilities
222
Book Value per Share
181.79
Face Value
2.00
Mar 2018
Equity Capital
93
4,521
1,167
Trade Payables
689
1,896
Total Liabilities
8,366
2,528
Capital Work in Progress
302
2,061
538
0
Cash & Bank
188
2,750
Total Assets
8,366
Total Debt
2,510
Net Working Capital
899
Contingent Liabilities
232
Book Value per Share
99.11
Face Value
2.00
Total Debt
2,510
Net Working Capital
899
Contingent Liabilities
232
Book Value per Share
99.11
Face Value
2.00
Mar 2019
Equity Capital
93
5,305
1,622
Trade Payables
812
2,107
Total Liabilities
9,939
2,634
Capital Work in Progress
713
2,192
760
0
Cash & Bank
370
3,270
Total Assets
9,939
Total Debt
3,189
Net Working Capital
1,580
Contingent Liabilities
233
Book Value per Share
115.94
Face Value
2.00
Total Debt
3,189
Net Working Capital
1,580
Contingent Liabilities
233
Book Value per Share
115.94
Face Value
2.00
Mar 2020
Equity Capital
93
5,262
1,408
Trade Payables
611
2,343
Total Liabilities
9,717
2,808
Capital Work in Progress
895
2,353
758
0
Cash & Bank
444
2,461
Total Assets
9,717
Total Debt
3,237
Net Working Capital
1,692
Contingent Liabilities
243
Book Value per Share
115.02
Face Value
2.00
Total Debt
3,237
Net Working Capital
1,692
Contingent Liabilities
243
Book Value per Share
115.02
Face Value
2.00
Mar 2021
Equity Capital
93
5,856
1,556
Trade Payables
801
2,809
Total Liabilities
11,115
3,459
Capital Work in Progress
270
3,569
875
0
Cash & Bank
280
2,662
Total Assets
11,115
Total Debt
3,612
Net Working Capital
2,288
Contingent Liabilities
566
Book Value per Share
127.77
Face Value
2.00
Total Debt
3,612
Net Working Capital
2,288
Contingent Liabilities
566
Book Value per Share
127.77
Face Value
2.00
Mar 2022
Equity Capital
93
7,017
2,122
Trade Payables
967
2,643
Total Liabilities
12,841
3,301
Capital Work in Progress
248
3,900
1,111
0
Cash & Bank
383
3,898
Total Assets
12,841
Total Debt
3,899
Net Working Capital
2,581
Contingent Liabilities
395
Book Value per Share
152.70
Face Value
2.00
Total Debt
3,899
Net Working Capital
2,581
Contingent Liabilities
395
Book Value per Share
152.70
Face Value
2.00
Mar 2023
Equity Capital
93
7,607
2,639
Trade Payables
1,213
2,643
Total Liabilities
14,194
3,238
Capital Work in Progress
303
4,279
1,264
0
Cash & Bank
402
4,708
Total Assets
14,194
Total Debt
4,401
Net Working Capital
1,702
Contingent Liabilities
371
Book Value per Share
165.38
Face Value
2.00
Total Debt
4,401
Net Working Capital
1,702
Contingent Liabilities
371
Book Value per Share
165.38
Face Value
2.00
Mar 2024
Equity Capital
93
8,476
2,839
Trade Payables
1,287
2,493
Total Liabilities
15,188
3,156
Capital Work in Progress
376
4,465
1,329
3,618
Cash & Bank
1,054
1,189
Total Assets
15,188
Total Debt
4,398
Net Working Capital
2,799
Contingent Liabilities
462
Book Value per Share
184.04
Face Value
2.00
Total Debt
4,398
Net Working Capital
2,799
Contingent Liabilities
462
Book Value per Share
184.04
Face Value
2.00
Mar 2025
Equity Capital
96
10,869
3,127
Trade Payables
1,386
1,783
Total Liabilities
17,260
3,101
Capital Work in Progress
838
6,045
1,540
3,820
Cash & Bank
929
987
Total Assets
17,260
Total Debt
3,963
Net Working Capital
2,963
Contingent Liabilities
506
Book Value per Share
229.33
Face Value
2.00
Total Debt
3,963
Net Working Capital
2,963
Contingent Liabilities
506
Book Value per Share
229.33
Face Value
2.00
Mar 2026
Equity Capital
96
10,893
2,576
Trade Payables
1,401
2,515
Total Liabilities
17,481
3,088
Capital Work in Progress
728
6,818
1,570
4,130
Cash & Bank
370
778
Total Assets
17,481
Total Debt
3,763
Net Working Capital
2,534
Contingent Liabilities
941
Book Value per Share
229.84
Face Value
2.00
Total Debt
3,763
Net Working Capital
2,534
Contingent Liabilities
941
Book Value per Share
229.84
Face Value
2.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017
892
Cash from Investing
-579
Cash from Financing
-372
-59
Free Cash Flow
486
OCF / Net Profit
1.53
Cumulative 5-Year FCF
0
OCF / Net Profit
1.53
Cumulative 5-Year FCF
0
Mar 2018
941
Cash from Investing
-697
Cash from Financing
-367
-122
Free Cash Flow
941
OCF / Net Profit
1.33
Cumulative 5-Year FCF
0
OCF / Net Profit
1.33
Cumulative 5-Year FCF
0
Mar 2019
797
Cash from Investing
-1,002
Cash from Financing
299
93
Free Cash Flow
-57
OCF / Net Profit
0.74
Cumulative 5-Year FCF
0
OCF / Net Profit
0.74
Cumulative 5-Year FCF
0
Mar 2020
1,377
Cash from Investing
-729
Cash from Financing
-620
28
Free Cash Flow
684
OCF / Net Profit
2.91
Cumulative 5-Year FCF
0
OCF / Net Profit
2.91
Cumulative 5-Year FCF
0
Mar 2021
814
Cash from Investing
-1,130
Cash from Financing
368
52
Free Cash Flow
580
OCF / Net Profit
2.61
Cumulative 5-Year FCF
2,634
OCF / Net Profit
2.61
Cumulative 5-Year FCF
2,634
Mar 2022
275
Cash from Investing
-249
Cash from Financing
75
102
Free Cash Flow
132
OCF / Net Profit
0.26
Cumulative 5-Year FCF
2,280
OCF / Net Profit
0.26
Cumulative 5-Year FCF
2,280
Mar 2023
788
Cash from Investing
-601
Cash from Financing
-172
15
Free Cash Flow
371
OCF / Net Profit
0.75
Cumulative 5-Year FCF
1,710
OCF / Net Profit
0.75
Cumulative 5-Year FCF
1,710
Mar 2024
2,092
Cash from Investing
-809
Cash from Financing
-641
642
Free Cash Flow
1,666
OCF / Net Profit
1.47
Cumulative 5-Year FCF
3,433
OCF / Net Profit
1.47
Cumulative 5-Year FCF
3,433
Mar 2025
1,701
Cash from Investing
-2,841
Cash from Financing
457
-683
Free Cash Flow
858
OCF / Net Profit
1.29
Cumulative 5-Year FCF
3,607
OCF / Net Profit
1.29
Cumulative 5-Year FCF
3,607
Mar 2026
1,544
Cash from Investing
-555
Cash from Financing
-984
5
Free Cash Flow
1,248
OCF / Net Profit
1.89
Cumulative 5-Year FCF
4,276
OCF / Net Profit
1.89
Cumulative 5-Year FCF
4,276

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017
EPS (₹)
25.13
Book Value (₹)
181.79
Dividend per Share (₹)
7.50
Cash EPS (₹)
18.90
Operating Margin %
28.83%
Net Margin %
14.39%
ROE %
14.98%
ROCE %
14.19%
7.88%
Debtor Days
126
Inventory Days
36
Payable Days
124
37
Debt to Equity (x)
0.57x
Interest Coverage (x)
12.58x
1.52x
Revenue Growth %
-10.83%
Operating Profit Growth %
-17.99%
Net Profit Growth %
-16.13%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2018
EPS (₹)
15.19
Book Value (₹)
99.11
Dividend per Share (₹)
4.50
Cash EPS (₹)
21.78
Operating Margin %
30.81%
Net Margin %
13.16%
ROE %
15.99%
ROCE %
17.64%
8.82%
Debtor Days
108
Inventory Days
33
Payable Days
111
29
Debt to Equity (x)
0.54x
Interest Coverage (x)
14.33x
1.35x
Revenue Growth %
37.55%
Operating Profit Growth %
41.24%
Net Profit Growth %
20.89%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2019
EPS (₹)
23.01
Book Value (₹)
115.94
Dividend per Share (₹)
5.00
Cash EPS (₹)
30.45
Operating Margin %
31.78%
Net Margin %
16.43%
ROE %
21.40%
ROCE %
21.96%
11.70%
Debtor Days
113
Inventory Days
36
Payable Days
112
37
Debt to Equity (x)
0.59x
Interest Coverage (x)
16.85x
1.56x
Revenue Growth %
22.65%
Operating Profit Growth %
25.17%
Net Profit Growth %
51.46%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2020
EPS (₹)
10.17
Book Value (₹)
115.02
Dividend per Share (₹)
3.50
Cash EPS (₹)
17.58
Operating Margin %
25.78%
Net Margin %
10.38%
ROE %
8.81%
ROCE %
8.59%
4.82%
Debtor Days
156
Inventory Days
61
Payable Days
149
69
Debt to Equity (x)
0.60x
Interest Coverage (x)
5.09x
1.66x
Revenue Growth %
-30.00%
Operating Profit Growth %
-43.23%
Net Profit Growth %
-55.80%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2021
EPS (₹)
6.70
Book Value (₹)
127.77
Dividend per Share (₹)
2.00
Cash EPS (₹)
14.57
Operating Margin %
23.77%
Net Margin %
8.55%
ROE %
5.52%
ROCE %
5.43%
3.00%
Debtor Days
162
Inventory Days
82
Payable Days
182
61
Debt to Equity (x)
0.61x
Interest Coverage (x)
6.33x
1.78x
Revenue Growth %
-19.99%
Operating Profit Growth %
-26.21%
Net Profit Growth %
-34.09%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
23.15
Book Value (₹)
152.70
Dividend per Share (₹)
7.00
Cash EPS (₹)
31.99
Operating Margin %
29.74%
Net Margin %
17.02%
ROE %
16.51%
ROCE %
14.62%
9.00%
Debtor Days
117
Inventory Days
57
Payable Days
126
48
Debt to Equity (x)
0.55x
Interest Coverage (x)
14.01x
1.67x
Revenue Growth %
71.29%
Operating Profit Growth %
116.94%
Net Profit Growth %
245.35%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
22.45
Book Value (₹)
165.38
Dividend per Share (₹)
7.00
Cash EPS (₹)
31.60
Operating Margin %
26.95%
Net Margin %
13.67%
ROE %
14.12%
ROCE %
13.81%
7.73%
Debtor Days
137
Inventory Days
57
Payable Days
121
72
Debt to Equity (x)
0.57x
Interest Coverage (x)
7.50x
1.36x
Revenue Growth %
21.07%
Operating Profit Growth %
9.47%
Net Profit Growth %
-3.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
30.61
Book Value (₹)
184.04
Dividend per Share (₹)
9.00
Cash EPS (₹)
40.10
Operating Margin %
27.10%
Net Margin %
15.64%
ROE %
17.52%
ROCE %
17.41%
9.70%
Debtor Days
137
Inventory Days
52
Payable Days
119
70
Debt to Equity (x)
0.51x
Interest Coverage (x)
7.59x
1.58x
Revenue Growth %
18.43%
Operating Profit Growth %
28.06%
Net Profit Growth %
36.30%
36.30%
P/E (x)
36.90x
P/B (x)
6.14x
Dividend Yield %
0.80%
21.18x
Mar 2025
EPS (₹)
27.66
Book Value (₹)
229.33
Dividend per Share (₹)
8.50
Cash EPS (₹)
36.87
Operating Margin %
27.11%
Net Margin %
14.77%
ROE %
13.54%
ROCE %
14.83%
8.15%
Debtor Days
152
Inventory Days
59
Payable Days
136
74
Debt to Equity (x)
0.36x
Interest Coverage (x)
8.28x
1.58x
Revenue Growth %
-1.39%
Operating Profit Growth %
0.84%
Net Profit Growth %
-7.21%
-9.63%
P/E (x)
42.19x
P/B (x)
5.09x
Dividend Yield %
0.73%
22.09x
Mar 2026
EPS (₹)
17.13
Book Value (₹)
229.84
Dividend per Share (₹)
8.50
Cash EPS (₹)
26.50
Operating Margin %
27.49%
Net Margin %
9.84%
ROE %
7.46%
ROCE %
9.79%
4.71%
Debtor Days
174
Inventory Days
68
Payable Days
157
86
Debt to Equity (x)
0.34x
Interest Coverage (x)
7.98x
1.52x
Revenue Growth %
-5.07%
Operating Profit Growth %
-7.93%
Net Profit Growth %
-38.08%
-38.08%
P/E (x)
97.87x
P/B (x)
7.29x
Dividend Yield %
0.51%
34.08x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
45.25
17.04
27.96
Government
0.00
9.58
Sep 2024
45.25
18.72
26.32
Government
0.00
9.55
Dec 2024
44.07
17.87
28.35
Government
0.00
9.55
Mar 2025
44.07
16.08
30.20
Government
0.00
9.51
Jun 2025
44.07
14.37
31.26
Government
0.00
10.15
Sep 2025
44.07
13.62
32.11
Government
0.00
10.05
Dec 2025
44.07
12.40
34.08
Government
0.00
9.30
Mar 2026
44.07
14.15
32.62
Government
0.00
9.01
Jun 2026
44.07
15.04
32.18
Government
0.00
8.55

Documents

Announcements

Annual Reports

Credit Ratings

  • Credit Rating

    2026-03-10 - Bharat Forge Limited has informed the Exchange about Credit Rating

  • Credit Rating

    2025-12-20 - Bharat Forge Limited has informed the Exchange about Credit Rating

Concalls