BHARAT FORGE Latest Share Price (BHARATFORG)
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BHARATFORG fell 1.3% on average volume, lagging Nifty's 0.1% move.
With a market cap of ₹94,565.93 Cr., it trades at a P/E of 137.04. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
BHARAT FORGE flags & news
Key strengths, potential risks, and recent updates.
Green Flags
- ●Healthy Operating MarginsOPM is structurally strong at 17.3%
- ●Promoter BuyingPromoters increased holdings by 44.07% QoQ
- ●Positive Free Cash FlowFCF has been positive for 3 consecutive years
- ●Zero Pledge RiskNo recent active promoter pledging found
Red Flags
- ●Earnings DeclineEPS (TTM) has contracted by 17.9% YoY
- ●Sales ContractionQuarterly sales dropped 49.4% YoY
- ●Poor Capital ReturnsLow ROE of 7.5%
- ●Expensive ValuationTrading at a high P/E ratio of 93.5x
Latest BHARAT FORGE News
What changed recently?
Recent events, corporate actions, and announcements.
BHARAT FORGE valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for BHARAT FORGE, framed against the sector median so the premium or discount is obvious at a glance.
BHARAT FORGE trades at a P/E of 137.04× and P/B of 10.13×, against the Automobile and Auto Components sector median P/E of 32.51×.
Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.
Valuation
Profitability
Growth
Financial Health
BHARAT FORGE technical analysis: indicators, pivots and CPR.
Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for BHARAT FORGE — derived from the latest tape, not yesterday's close.
BHARAT FORGE last traded at ₹1,956 with an intraday range of ₹1,951–₹1,997.6 — latest indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Last: ₹1956.00| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 2078.60 | +122.60 | +6.27% |
| R3 | 2032.00 | +76.00 | +3.89% |
| R2 | 2014.80 | +58.80 | +3.01% |
| R1 | 1985.40 | +29.40 | +1.50% |
| PIVOT | 1968.20 | 12.20 | 0.62% |
| CURRENT | 1956.00 | — | — |
| S1 | 1938.80 | -17.20 | -0.88% |
| S2 | 1921.60 | -34.40 | -1.76% |
| S3 | 1892.20 | -63.80 | -3.26% |
| S4 | 1845.60 | -110.40 | -5.64% |
BHARATFORG is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: ₹1964.6–₹1997.6
Trading Below opening range, showing Bearishness
BHARAT FORGE financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for BHARAT FORGE — consolidated or standalone — with margins, YoY growth and key ratios inline.
BHARAT FORGE reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹94,565.93 Cr. and reported EPS of ₹14.83.
| Metric | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue from Operations | 15,123 | 16,812 ▲ 11.2% |
| Sales Growth YoY %Derived | -3.57% | 11.17% |
| Other Income | 214 | 199 ▼ 7.1% |
| Total Income | 15,337 | 17,010 ▲ 10.9% |
| 6,594 | 7,590 ▲ 15.1% | |
| Gross ProfitDerived | 8,528 | 9,222 ▲ 8.1% |
| Gross Margin %Derived | 56.39% | 54.86% |
| 5,835 | 6,295 ▲ 7.9% | |
| EBITDA (Operating Profit)Derived | 2,694 | 2,927 ▲ 8.6% |
| OPM %Derived | 17.81% | 17.41% |
| 1,134 | 1,140 ▲ 0.5% | |
| Profit Before Tax (PBT) | 1,460 | 1,677 ▲ 14.9% |
| 543 | 578 ▲ 6.5% | |
| Effective Tax %Derived | 37.17% | 34.46% |
| Total Profit for Period | 913 | 1,089 ▲ 19.3% |
| Less: Non-controlling Interests | -28 | 10 ▲ 134.9% |
| Net Profit (Owner's PAT)Derived | 941 | 1,080 ▲ 14.7% |
| Net Profit Margin %Derived | 6.22% | 6.42% |
| PAT Growth YoY %Derived | -1.05% | 14.72% |
| Earnings Per Share (EPS ₹) | 19.69 | 22.58 ▲ 14.7% |
| Diluted Shares Outstanding (Cr) | 48 | 48 ▲ 0.0% |
| Share of Profit from Associates/JVs | -4 | -9 ▼ 155.5% |
| Other Comprehensive Income (Net of Tax) | -56 | -341 ▼ 513.9% |
| Total Expenses (incl. D&A & Interest) | 13,877 | 15,334 ▲ 10.5% |
| Material Cost % of RevenueDerived | 42.58% | 46.27% |
| Employee Cost % of RevenueDerived | 12.36% | 12.51% |
| Other Cost % of RevenueDerived | 26.22% | 24.93% |
| Interest Coverage (x)Derived | 4.36x | 6.05x |
| Period | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 8,415 | 10,146 ▲ 20.6% | 8,056 ▼ 20.6% | 6,336 ▼ 21.3% | 10,461 ▲ 65.1% | 12,910 ▲ 23.4% | 15,682 ▲ 21.5% | 15,123 ▼ 3.6% | 16,812 ▲ 11.2% | |
| Sales Growth YoY %Derived | — | 20.57% | -20.60% | -21.35% | 65.10% | 23.41% | 21.47% | -3.57% | 11.17% | |
| Other Income | 142 | 203 ▲ 42.8% | 188 ▼ 7.4% | 169 ▼ 10.1% | 196 ▲ 16.0% | 173 ▼ 11.8% | 227 ▲ 31.6% | 214 ▼ 6.0% | 199 ▼ 7.1% | |
| Total Income | 8,557 | 10,349 ▲ 20.9% | 8,244 ▼ 20.3% | 6,505 ▼ 21.1% | 10,657 ▲ 63.8% | 13,083 ▲ 22.8% | 15,909 ▲ 21.6% | 15,337 ▼ 3.6% | 17,010 ▲ 10.9% | |
3,281 | 4,214 ▲ 28.4% | 3,577 ▼ 15.1% | 2,634 ▼ 26.3% | 4,216 ▲ 60.0% | 5,961 ▲ 41.4% | 7,379 ▲ 23.8% | 6,594 ▼ 10.6% | 7,590 ▲ 15.1% | ||
| Gross ProfitDerived | 5,134 | 5,931 ▲ 15.5% | 4,479 ▼ 24.5% | 3,702 ▼ 17.4% | 6,245 ▲ 68.7% | 6,949 ▲ 11.3% | 8,303 ▲ 19.5% | 8,528 ▲ 2.7% | 9,222 ▲ 8.1% | |
| Gross Margin %Derived | 61.01% | 58.46% | 55.60% | 58.43% | 59.70% | 53.82% | 52.95% | 56.39% | 54.86% | |
3,411 | 3,876 ▲ 13.6% | 3,365 ▼ 13.2% | 2,840 ▼ 15.6% | 4,229 ▲ 48.9% | 5,181 ▲ 22.5% | 5,745 ▲ 10.9% | 5,835 ▲ 1.6% | 6,295 ▲ 7.9% | ||
| EBITDA (Operating Profit)Derived | 1,723 | 2,056 ▲ 19.3% | 1,115 ▼ 45.8% | 862 ▼ 22.7% | 2,016 ▲ 133.9% | 1,768 ▼ 12.3% | 2,558 ▲ 44.7% | 2,694 ▲ 5.3% | 2,927 ▲ 8.6% | |
| OPM %Derived | 20.48% | 20.26% | 13.84% | 13.60% | 19.27% | 13.69% | 16.31% | 17.81% | 17.41% | |
478 | 648 ▲ 35.7% | 640 ▼ 1.2% | 414 ▼ 35.4% | 983 ▲ 137.7% | 988 ▲ 0.5% | 1,327 ▲ 34.3% | 1,134 ▼ 14.5% | 1,140 ▲ 0.5% | ||
| Profit Before Tax (PBT) | 1,196 | 1,610 ▲ 34.7% | 505 ▼ 68.7% | 5 ▼ 99.1% | 1,414 ▲ 31172.9% | 860 ▼ 39.1% | 1,434 ▲ 66.6% | 1,460 ▲ 1.8% | 1,677 ▲ 14.9% | |
442 | 566 ▲ 28.2% | 112 ▼ 80.1% | 102 ▼ 9.7% | 303 ▲ 198.9% | 319 ▲ 5.0% | 529 ▲ 66.0% | 543 ▲ 2.6% | 578 ▲ 6.5% | ||
| Effective Tax %Derived | 36.95% | 35.17% | 22.29% | 2,245.84% | 21.47% | 37.03% | 36.89% | 37.17% | 34.46% | |
| Total Profit for Period | 754 | 1,033 ▲ 37.0% | 349 ▼ 66.2% | -127 ▼ 136.4% | 1,077 ▲ 948.3% | 508 ▼ 52.8% | 910 ▲ 79.0% | 913 ▲ 0.3% | 1,089 ▲ 19.3% | |
| Less: Non-controlling Interests | -8 | 0 ▲ 104.9% | -1 ▼ 240.9% | -0 ▲ 49.8% | -5 ▼ 1496.9% | -20 ▼ 326.1% | -41 ▼ 104.8% | -28 ▲ 32.0% | 10 ▲ 134.9% | |
| Net Profit (Owner's PAT)Derived | 762 | 1,032 ▲ 35.4% | 350 ▼ 66.1% | -127 ▼ 136.2% | 1,082 ▲ 954.0% | 528 ▼ 51.2% | 951 ▲ 80.0% | 941 ▼ 1.0% | 1,080 ▲ 14.7% | |
| Net Profit Margin %Derived | 9.06% | 10.17% | 4.34% | -2.00% | 10.34% | 4.09% | 6.07% | 6.22% | 6.42% | |
| PAT Growth YoY %Derived | — | 35.38% | -66.11% | -136.21% | 953.98% | -51.15% | 80.00% | -1.05% | 14.72% | |
| Earnings Per Share (EPS ₹) | 16.38 | 22.17 ▲ 35.3% | 7.51 ▼ 66.1% | -2.72 ▼ 136.2% | 23.23 ▲ 954.0% | 11.35 ▼ 51.1% | 20.43 ▲ 80.0% | 19.69 ▼ 3.6% | 22.58 ▲ 14.7% | |
| Diluted Shares Outstanding (Cr) | 47 | 47 ▲ 0.0% | 47 ▲ 0.0% | 47 ▲ 0.0% | 47 ▲ 0.0% | 47 ▲ 0.0% | 47 ▲ 0.0% | 48 ▲ 2.7% | 48 ▲ 0.0% | |
| Share of Profit from Associates/JVs | — | -11 | -43 ▼ 277.2% | -30 ▲ 30.1% | -33 ▼ 10.2% | -33 ▼ 1.3% | 5 ▲ 115.9% | -4 ▼ 169.7% | -9 ▼ 155.5% | |
| Other Comprehensive Income (Net of Tax) | 24 | -27 ▼ 213.4% | -173 ▼ 535.9% | 322 ▲ 286.4% | 235 ▼ 27.0% | -70 ▼ 129.7% | -123 ▼ 76.6% | -56 ▲ 54.9% | -341 ▼ 513.9% | |
| Total Expenses (incl. D&A & Interest) | 7,361 | 8,738 ▲ 18.7% | 7,739 ▼ 11.4% | 6,501 ▼ 16.0% | 9,243 ▲ 42.2% | 12,223 ▲ 32.2% | 14,476 ▲ 18.4% | 13,877 ▼ 4.1% | 15,334 ▲ 10.5% | |
| Material Cost % of RevenueDerived | 37.76% | 41.78% | 38.71% | 39.14% | 44.14% | 46.98% | 45.52% | 42.58% | 46.27% | |
| Employee Cost % of RevenueDerived | 12.94% | 12.28% | 14.84% | 16.90% | 14.00% | 12.11% | 11.86% | 12.36% | 12.51% | |
| Other Cost % of RevenueDerived | 27.59% | 25.92% | 26.93% | 27.92% | 26.43% | 28.03% | 24.77% | 26.22% | 24.93% | |
| Interest Coverage (x)Derived | 11.79x | 12.06x | 3.31x | 2.32x | 8.01x | 3.46x | 3.48x | 4.36x | 6.05x |
BHARAT FORGE segment analysis : revenue and profit mix.
Disclosed business segments at BHARAT FORGE with their share of revenue and profit, switchable between consolidated and standalone reporting.
BHARAT FORGE discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for BHARAT FORGE.
Our AI distills the core fundamental drivers supporting BHARAT FORGE, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
BHARAT FORGE's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Market capitalization ₹0.95 LCr demonstrates substantial scale and investor recognition.
Operating margin 11.63% sustains healthy profitability across diversified business segments.
TTM revenue growth 17.5% YoY outpaces typical auto-component peer growth rates.
Operating cash flow ₹998.79 Cr underpins liquidity and financial flexibility.
Diversified portfolio across Forgings, Defence, and e-mobility segments reduces concentration risk.
Key Risks.
Latest quarterly EPS declined 17.5% YoY despite revenue growth, signaling earnings pressure.
TTM EPS declined 17.9% YoY, indicating sustained profitability deterioration and concern.
P/E ratio 93.52 signals significant overvaluation relative to peer median benchmarks.
Net profit margin compressed to 6.42% in FY26 from 14.95% in FY25.
Total debt ₹0.07 LCr with debt-to-equity 0.34x rising; net debt ₹3,405.44 Cr concerning.
Flip Conditions.
Valuation risk. a P/E above 178 (~5.5× the sector multiple of 32.5) would leave less room for earnings disappointment.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Return-quality risk. ROE below 8% would indicate weaker capital compounding.
BHARAT FORGE peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — BHARAT FORGE is highlighted for quick read-across.
Quick Compare
Peer Comparison
| Company Name |
|---|
BHARAT FORGE chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for BHARAT FORGE — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
BHARAT FORGE delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for BHARAT FORGE over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in BHARAT FORGE stood at 53.2% of traded volume, against a 20-day average of 56.2%.
BHARAT FORGE announcements: results, concalls, ratings, M&A.
Filings BHARAT FORGE sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
BHARAT FORGE files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 227 documents below.
Analysts/Institutional Investor Meet/Con. Call Updates
Bharat Forge Limited has informed the Exchange about Presentation
Analysts/Institutional Investor Meet/Con. Call Updates
Bharat Forge Limited has informed the Exchange about Schedule of meet
Analysts/Institutional Investor Meet/Con. Call Updates
Bharat Forge Limited has informed the Exchange about Transcript
Copy of Newspaper Publication
Bharat Forge Limited has informed the Exchange about Copy of Newspaper Publication
Shareholders meeting
Bharat Forge Limited has informed the Exchange regarding Notice of Postal Ballot
Investor decks & rating reports.
Analysts/Institutional Investor Meet/Con. Call Updates
Investor Presentation
Investor Presentation
Investor Presentation
BHARAT FORGE dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue BHARAT FORGE has declared, sequenced by announce and record date.
BHARAT FORGE corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About BHARAT FORGE: business, sector, key facts.
What BHARAT FORGE does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
BHARAT FORGE operates in the Auto Components & Equipments industry under the Automobile and Auto Components sector, listed as NSE: BHARATFORG, BSE: 500493.
Bharat Forge Limited is a leading manufacturer and supplier of forged and machined components, serving diverse global industries. Its core business revolves around producing high-quality components characterized by precision and durability. The company's extensive product portfolio caters to a wide range of applications, demonstrating its versatility and technological capabilities. Their manufacturing processes are advanced, reflecting a commitment to innovation and efficiency within the forging industry.
The company operates through three primary segments: Forgings, Defence, and Others. The Forgings segment forms the bedrock of Bharat Forge’s operations, encompassing a vast array of automotive components. This includes crucial engine parts like crankshafts and connecting rods, along with chassis components and transmission parts. Beyond automotive, this segment also supplies forgings for oil and gas, rail, and marine applications, highlighting the company's ability to adapt its expertise to multiple sectors.
The Defence segment underscores Bharat Forge's involvement in the critical national security sector. While specifics aren't detailed in the provided information, this segment likely provides specialized forged components crucial for defense equipment and systems. This segment showcases Bharat Forge's ability to meet stringent quality and performance requirements within a highly regulated industry.
The "Others" segment is a diverse category encompassing a range of products and services. This includes components for aviation (such as turbochargers and engine parts), construction and mining (like track links and crankshafts), and the increasingly important electric powertrain market. This segment showcases Bharat Forge's commitment to diversification and adaptation to evolving technological trends, ensuring a robust and resilient business model in the face of industry changes. The inclusion of engineering and product development solutions further solidifies their position as a provider of complete, integrated solutions to its clients.
In summary, Bharat Forge's business model is built upon a foundation of advanced forging technology, a diverse customer base spanning multiple sectors, and a commitment to ongoing innovation and diversification. The company's success is anchored in its ability to produce high-quality, reliable components that are essential to the functioning of various industries globally, from automotive to defense and beyond.
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Questions investors ask about BHARAT FORGE (BHARATFORG).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of BHARAT FORGE (BHARATFORG)?
The current share price of BHARAT FORGE (BHARATFORG) is ₹1,956.00. Today, the stock has declined by ₹25.00 (1.26%), trading in a range of ₹1,951.00 to ₹1,997.60. The stock opened at ₹1,997.60 with a trading volume of 15,26,364 shares.
02Is BHARAT FORGE stock a good investment for long-term?
BHARAT FORGE can be considered for long-term investment based on several factors. The company has a market capitalization of ₹94,565.93 Cr., P/E ratio of 137.04, ROE of 7.45%, and ROCE of -5,147.4%. The dividend yield stands at 0.42%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of BHARAT FORGE stock?
The 52-week high price of BHARAT FORGE (BHARATFORG) is ₹2,295.00, while the 52-week low is ₹1,128.00. Currently trading at ₹1,956.00, the stock is 73.4% above its 52-week low and 14.77% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy BHARAT FORGE stock at the current price?
Whether to buy BHARAT FORGE stock at ₹1,956.00 depends on multiple factors. The stock is currently trading with a P/E ratio of 137.04 and P/B ratio of 10.13. Today's performance shows a loss of 1.26%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of BHARAT FORGE and when is the next dividend?
BHARAT FORGE offers a dividend yield of 0.42%, which means for every ₹100 invested at the current price of ₹1,956.00, you can expect to receive approximately ₹0.42 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of BHARAT FORGE?
BHARAT FORGE's key financial metrics include: P/E Ratio: 137.04, P/B Ratio: 10.13, ROE: 7.45%, ROCE: -5,147.4%, Dividend Yield: 0.42%, EPS: ₹14.83, Book Value: ₹200.38, and Debt-to-Equity: 0.34. The company's market cap stands at ₹94,565.93 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is BHARAT FORGE stock performing today in the market?
BHARAT FORGE stock opened at ₹1,997.60 and is currently trading at ₹1,956.00, showing a decline of ₹25.00 (1.26%). The intraday high is ₹1,997.60 and low is ₹1,951.00. The trading volume stands at 15,26,364 shares, indicating strong market participation today.
08What is the P/E ratio of BHARAT FORGE and what does it indicate?
BHARAT FORGE has a Price-to-Earnings (P/E) ratio of 137.04, which means investors are willing to pay 137.04 for every ₹1 of earnings. With an EPS of ₹14.83, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about BHARAT FORGE (BHARATFORG) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.