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Bharat Forge Ltd

BHARATFORG

Bharat Forge Ltd

BHARATFORG
MaterialsIron & Steel
MidcapWith a market cap of ₹60,349 cr, stock is ranked 151
Moderate RiskStock is 2.60x as volatile as Nifty
1,304.350.63% (+8.15)
1,304.350.63% (+8.15)

Price Chart

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1M
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MaterialsIron & Steel
MidcapWith a market cap of ₹60,349 cr, stock is ranked 151
Moderate RiskStock is 2.60x 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

Avg

The stock is overpriced but 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 ₹60,349 cr, stock is ranked 151
Moderate RiskStock is 2.60x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
63.738.420.19%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
28.973.291.41%

Forecast & Ratings

Detailed Forecast 
57%
Analysts have suggested that investors can buy this stock

from 23 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).

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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 9.83%

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 2.03%

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 4.71%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue6,967.316,657.718,499.7010,348.528,243.706,505.1610,833.9913,083.1215,914.8116,052.31
Raw Materialssubtract2,711.632,484.363,407.574,589.713,524.192,653.814,805.896,231.407,383.4013,258.47
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/Amortizationsubtract452.98452.05466.88520.79547.72612.16730.30735.59848.20862.40
Interest & Other Itemssubtract115.9699.96106.53127.22171.33107.73160.41298.62491.17485.86
Taxes & Other Itemssubtract313.38255.27433.31566.81111.87100.93298.75298.58487.86498.66
EPS14.5715.1316.3722.167.51-2.7123.2311.3420.4220.33
DPS3.753.754.505.003.502.007.007.002.509.00
Payout ratio0.260.250.270.230.470.300.620.120.44

Company Updates

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

Annual Report Unavailable

Investor Presentation

Nov 9PDF
Aug 16PDF
FY 2019

Annual Report Unavailable

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 Ltd63.458.420.19%
JSW Steel Ltd26.142.890.97%
Tata Steel Ltd-39.451.892.57%
Jindal Steel And Power Ltd14.841.970.23%

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

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 almost stayed constant

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

Increased 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 increased by 1.69%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding45.25%16.46%10.01%18.72%9.55%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep15.79%16.28%16.60%16.47%17.03%18.72%

Mutual Funds Holding Trend

Decreased 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 decreased by 2.88%

Top 5 Mutual Funds holding Bharat Forge Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Kotak Flexicap Fund - Growth - Direct Plan

Growth
1.6081%1.84%-0.29%22/63 (-2)
Kotak Emerging Equity Fund - Growth - Direct Plan

Growth
1.3313%1.62%-1.17%51/75 (-13)
DSP Midcap Fund - Growth - Direct Plan

Growth
1.0148%3.29%-0.22%2/64 (-1)

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 0.19%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹1.89 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
Corporate
Bharat Forge updates on bid for Indian Army's ATAGS contract

In March 2023, the Ministry of Defence, Government of India, had accorded the Acceptance of Necessity (AoN) for procurement of the 155mm/52cal Advanced Towed Artillery Gun System (ATAGS) along with the Gun Towing Vehicles (GTVs) for the Indian Army. After completion of due technical evaluation process and commercial bids opening, the contract negotiation procedure between Bharat Forge and the Indian Ministry of Defence is currently underway. The contract negotiation procedure is expected to conclude before the end of the current financial year 2024-25.Powered by Capital Market - Live

2 days agoCapital Market - Live
Earnings
Bharat Forge consolidated net profit rises 7.20% in the September 2024 quarter

Net profit of Bharat Forge rose 7.20% to Rs 243.59 crore in the quarter ended September 2024 as against Rs 227.23 crore during the previous quarter ended September 2023. Sales declined 2.27% to Rs 3688.51 crore in the quarter ended September 2024 as against Rs 3774.19 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3688.513774.19 -2 OPM %17.5316.47 - PBDT598.52550.09 9 PBT385.18338.76 14 NP243.59227.23 7 Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Board of Bharat Forge approves change in senior management

The Board of Bharat Forge at its meeting held on 14 November 2024 has approved the following change in senior management: (a) Krishnan Iyer - President and Chief Operational Officer (COO) of Closed Die Forging Division (CDFD) is designated as SMP w.e.f 14 November 2024. (b) Srinivasu Malladi - Vice President Human Resources (HR) is designated as SMP w.e.f. 14 November 2024. (c) Resignation of Atul Jagtap as Vice President - Materials with effect from 24 November 2024Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
Bharat Forge Ltd drops for fifth straight session

Bharat Forge Ltd fell for a fifth straight session today. The stock is quoting at Rs 1319.2, down 3.04% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Bharat Forge Ltd has eased around 11.47% in last one month.Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has eased around 14.07% in last one month and is currently quoting at 23269.1, down 2.27% on the day. The volume in the stock stood at 3.8 lakh shares today, compared to the daily average of 8.7 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 1324.9, down 2.4% on the day. Bharat Forge Ltd jumped 24.24% in last one year as compared to a 20.25% rally in NIFTY and a 36.59% spurt in the Nifty Auto index.The PE of the stock is 42.26 based on TTM earnings ending June 24.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Bharat Forge to convene board meeting

Bharat Forge will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Bharat Forge inks deal to acquire AAM India Manufacturing Corporation

Bharat Forge has entered into a definitive agreement to acquire AAM India Manufacturing Corporation (AAMIMCPL), a subsidiary of American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL), at an enterprise value of Rs. 544.53 crore, subject to closing adjustments. Established in 2008, AAMIMCPL is a leading manufacturer of axles for light, medium and heavy-duty commercial trucks and passenger buses in India. With this transaction, the company will acquire commercial vehicles axle business of AAMIMCPL in Pune (India) and Chennai (India) along with the Pune Engineering and Development Center. The transaction is subject to approval from the Competition Commission of India (CCI) and will close only after receiving the CCI's approval and upon fulfilment of other customary closing conditions. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Bharat Forge Ltd down for fifth straight session

Bharat Forge Ltd is down for a fifth straight session today. The stock is quoting at Rs 1464.35, down 1.09% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.3% on the day, quoting at 24982.55. The Sensex is at 81590.97, down 0.28%.Bharat Forge Ltd has lost around 8.25% in last one month.Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has eased around 0.25% in last one month and is currently quoting at 26242.6, down 1.56% on the day. The volume in the stock stood at 4.47 lakh shares today, compared to the daily average of 10.84 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 1469.45, down 1.22% on the day. Bharat Forge Ltd jumped 30.61% in last one year as compared to a 26.1% rally in NIFTY and a 56.35% spurt in the Nifty Auto index.The PE of the stock is 45.99 based on TTM earnings ending June 24.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Bharat Forge issues corporate guarantee of USD 31.5 million

Bharat Forge has issued corporate guarantee of USD 31.50 million on 25 September 2024 to secure credit facility availed by Bharat Forge Aluminum USA, Inc., a step-down wholly-owned subsidiary of the Company. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Bharat Forge announces cessation of director

Bharat Forge announced that Prataprao G Pawar (DIN: 00018985), Lalita D. Gupte (DIN: 00043559), P.H Ravikumar (DIN: 00280010) and Vimal Bhandari (DIN: 00001318) ceased to be the Independent Directors of the Company upon completion of their second term of 5 (five) consecutive years with effect from the closure of business hours on 03 September 2024. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Board of Bharat Forge approves transfer of its stake in Refu Drive GmbH to Kalyani Powertrain

The Board of Bharat Forge at its meeting held on 08 August 2024 has approved transfer of its stake in joint venture Refu Drive GmbH, to Kalyani Powertrain, a wholly owned subsidiary of the company for consideration of '11.509 million which is the fair value as determined by independent valuer. Powered by Capital Market - Live

3 months agoCapital Market - Live