Bharat Forge Ltd.
Price
Daily candles · NSEWhat the numbers say
- Low return on equity: 3-year ROE 11.9%.
- Carries leverage: debt-to-equity of 0.72.
- Sales growth muted at 9.2% over 3 years.
- Weak cash conversion (CFO/OP 0.56).
- Trades above its industry P/E (77.1 vs 29.9).
Generated automatically from reported financials. These are observations, not a recommendation to buy or sell.
- Bharat Forge secures long-term contract with Pratt & Whitney Canada
The contract is for the supply of mission-critical aerospace engine components
- Bharat Forge, Pratt & Whitney Canada collaborate for India's Indigenous HALE UAV programme
Pratt & Whitney Canada will evaluate engine compatibility, performance and installation requirements
- Bharat Forge’s arm signs MoU with FN Herstal
MoU aims to pursue local manufacturing and industrial cooperation in support of India's defence requirements
- Bharat Forge’s arm inks pact with Thales for 70-mm rocket systems
Kalyani Strategic Systems and Thales have signed a Strategic Alliance Agreement
- Bharat Forge’s arm sells entire stake held in REFU Drive GmbH
Kalyani Powertrain has sold its entire 50% stake held in REFU Drive GmbH to REFU Elektronik GmbH
- Bharat Forge inks MoU with Flying Whales to develop, manufacture heavy-lift airships
The two companies will work towards establishing in India the manufacture, integration and production of Flying Whales-Bharat Forge airships
- Bharat Forge signs Rs 425 crore contract with Ministry of Defence
The contract is for the supply of gas turbine generators to the Indian Navy
- Bharat Forge’s arm signs strategic partnership with AM General
Leveraging this strategic partnership, AM General has also offered a proposal to participate in the U.S Army MTC program
Company announcements as filed with the exchanges. Reproduced for information — not a view or a recommendation.
| Profit & Loss · ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Net Sales | 16,812 | 15,123 | 15,682 | 12,910 | 10,461 |
| Other income | 232 | 291 | 232 | 238 | 244 |
| Total Income | 17,044 | 15,413 | 15,914 | 13,149 | 10,705 |
| Expenditure | 13,918 | 12,506 | 13,124 | 11,208 | 8,493 |
| Operating Profit | 3,125 | 2,908 | 2,790 | 1,940 | 2,212 |
| Interest | 323 | 417 | 496 | 299 | 160 |
| Depreciation | 971 | 874 | 848 | 736 | 730 |
| Profit before tax | 1,667 | 1,456 | 1,439 | 827 | 1,381 |
| Tax | 578 | 543 | 529 | 319 | 303 |
| Net Profit | 1,089 | 913 | 910 | 508 | 1,077 |
| EPS (₹) | 22.58 | 20.05 | 20.43 | 11.35 | 23.23 |
| Net margin % | 6.5 | 6.0 | 5.8 | 3.9 | 10.3 |
Consolidated figures, as filed with the exchanges. Newest year first.
| Balance Sheet · ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Equity capital | 96 | 96 | 93 | 93 | 93 |
| Reserves | 9,471 | 9,145 | 7,064 | 6,609 | 6,476 |
| Net worth | 9,567 | 9,241 | 7,157 | 6,702 | 6,569 |
| Total sources | 12,657 | 11,265 | 9,900 | 9,892 | 9,206 |
| Net block | 8,187 | 6,599 | 6,309 | 6,161 | 4,870 |
| Capital work in progress | 1,298 | 1,732 | 991 | 701 | 1,125 |
| Investments | 2,505 | 2,660 | 2,893 | 3,421 | 3,474 |
| Inventory | 4,053 | 3,578 | 3,216 | 3,126 | 2,710 |
| Debtors | 3,910 | 2,900 | 3,167 | 3,087 | 2,162 |
| Cash & bank | 990 | 1,291 | 1,690 | 1,040 | 603 |
| Book value (₹) | 200.11 | 193.28 | 153.73 | 143.94 | 141.09 |
Consolidated figures, as filed with the exchanges. Newest year first.
| Cash Flow · ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| From operations | 1,487 | 1,796 | 1,664 | 1,294 | 506 |
| From investing | -1,033 | -1,964 | -667 | -1,671 | -690 |
| From financing | -442 | -570 | -203 | 280 | 310 |
| Net change in cash | 12 | -738 | 795 | -97 | 126 |
| Free cash flow | 454 | -168 | 998 | -377 | -184 |
| Closing cash | 848 | 621 | 1,315 | 509 | 558 |
Consolidated figures, as filed with the exchanges. Newest year first.
| Ratios | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| ROCE % | 12.5 | 12.4 | 13.8 | 8.7 | 13.6 |
| ROE % | 11.6 | 11.1 | 13.1 | 7.7 | 18.0 |
| PAT margin % | 6.5 | 6.0 | 5.8 | 3.9 | 10.2 |
| EBIT margin % | 11.9 | 12.3 | 12.2 | 8.7 | 14.6 |
| Debt / equity | 0.72 | 0.68 | 1.04 | 1.01 | 0.86 |
| Current ratio | 1.17 | 1.18 | 1.08 | 1.09 | 1.30 |
| Interest cover | 6.16 | 4.49 | 3.90 | 3.77 | 9.61 |
| Sales growth % | 11.2 | -3.6 | 21.5 | 23.4 | 65.1 |
| Dividend per share (₹) | 8.50 | 8.50 | 9.00 | 7.00 | 7.00 |
| Payout % | 37.6 | 43.2 | 44.1 | 61.7 | 30.1 |
Consolidated figures, as filed with the exchanges. Newest year first.
Frequently asked
Bharat Forge Ltd. (BHARATFORG) last traded at ₹1,741.00 on the NSE, down +1.86% on the session. Prices on this page are indicative and for information only.
Bharat Forge Ltd. has traded between ₹1,235.10 and ₹2,295.00 over the last 52 weeks on the NSE.
Bharat Forge Ltd. has a market capitalisation of about ₹83,235 crore.
Bharat Forge Ltd. trades at a P/E of 77.1, against an industry P/E of 29.9.
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Exchange filings and end-of-day data, not a live feed. Bulk, block and insider records are published by the exchanges when a threshold is crossed, so they show reportable activity only. For information, not a recommendation to deal, and not a view on any person named above.
Disclosures. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Prices and data on this page are indicative and for information only. Nothing here is investment advice or a recommendation to buy or sell any security. Investors should consider their own objectives, financial situation and risk profile, and may wish to seek independent advice, before investing.
Figures are as reported by the company; consolidated where available. Errors and omissions excepted.
L. F. C. Securities Pvt. Ltd. · Member BSE, NSE, MCX · SEBI Stock Broker INZ000170736 · CDSL IN-DP-281-2016 · AMFI ARN-78991 · Investment Adviser (Non-Individual) INA000011617 · Compliance Officer: Mr. Santosh Patil · santoshp@labdhi.in · 022-35006933 · Investor Grievances: investorgreve@labdhi.in