Bharat Forge Ltd
BHARATFORGBharat Forge Ltd
BHARATFORGPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
65.06 | 8.60 | 0.19% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
29.26 | 3.32 | 1.39% |
Forecast & Ratings
Detailed Forecast from 23 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
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).
Peers
Compare with peersJSW Steel Ltd
Tata Steel Ltd
Jindal Steel And Power Ltd
Jindal Stainless Ltd
Lloyds Metals And Energy Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 6,967.31 | 6,657.71 | 8,499.70 | 10,348.52 | 8,243.70 | 6,505.16 | 10,833.99 | 13,083.12 | 15,914.81 | 16,052.31 | ||||||||||
Raw Materials | 2,711.63 | 2,484.36 | 3,407.57 | 4,589.71 | 3,524.19 | 2,653.81 | 4,805.89 | 6,231.40 | 7,383.40 | 13,258.47 | ||||||||||
Power & Fuel Cost | 422.95 | 405.00 | 491.55 | 591.89 | 481.43 | 396.10 | 576.84 | 827.88 | 766.50 | |||||||||||
Employee Cost | 915.26 | 930.92 | 1,089.20 | 1,246.30 | 1,195.46 | 1,071.06 | 1,464.68 | 1,607.31 | 1,862.09 | |||||||||||
Selling & Administrative Expenses | 303.99 | 271.53 | 334.50 | 459.97 | 381.25 | 327.43 | 608.07 | 835.49 | 733.40 | |||||||||||
Operating & Other expenses | 1,052.72 | 1,054.01 | 1,407.71 | 1,213.67 | 1,480.62 | 1,362.33 | 1,107.29 | 1,719.89 | 2,391.06 | |||||||||||
EBITDA | 1,560.76 | 1,511.89 | 1,769.17 | 2,246.98 | 1,180.75 | 694.43 | 2,271.22 | 1,861.15 | 2,778.36 | 2,793.84 | ||||||||||
Depreciation/Amortization | 452.98 | 452.05 | 466.88 | 520.79 | 547.72 | 612.16 | 730.30 | 735.59 | 848.20 | 862.40 | ||||||||||
PBIT | 1,107.78 | 1,059.84 | 1,302.29 | 1,726.19 | 633.03 | 82.27 | 1,540.92 | 1,125.56 | 1,930.16 | 1,931.44 | ||||||||||
Interest & Other Items | 115.96 | 99.96 | 106.53 | 127.22 | 171.33 | 107.73 | 160.41 | 298.62 | 491.17 | 485.86 | ||||||||||
PBT | 991.82 | 959.88 | 1,195.76 | 1,598.97 | 461.70 | -25.46 | 1,380.51 | 826.94 | 1,438.99 | 1,445.58 | ||||||||||
Taxes & Other Items | 313.38 | 255.27 | 433.31 | 566.81 | 111.87 | 100.93 | 298.75 | 298.58 | 487.86 | 498.66 | ||||||||||
Net Income | 678.44 | 704.61 | 762.45 | 1,032.16 | 349.83 | -126.39 | 1,081.76 | 528.36 | 951.13 | 946.92 | ||||||||||
EPS | 14.57 | 15.13 | 16.37 | 22.16 | 7.51 | -2.71 | 23.23 | 11.34 | 20.42 | 20.33 | ||||||||||
DPS | 3.75 | 3.75 | 4.50 | 5.00 | 3.50 | 2.00 | 7.00 | 7.00 | 2.50 | 9.00 | ||||||||||
Payout ratio | 0.26 | 0.25 | 0.27 | 0.23 | 0.47 | — | 0.30 | 0.62 | 0.12 | 0.44 |
Company Updates
Investor Presentation
Investor Presentation
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
MaterialsIron & Steel
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Bharat Forge Ltd | 64.77 | 8.60 | 0.19% |
JSW Steel Ltd | 26.23 | 2.90 | 0.96% |
Tata Steel Ltd | -39.23 | 1.88 | 2.58% |
Jindal Steel And Power Ltd | 14.74 | 1.96 | 0.23% |
Price Comparison
Compare BHARATFORG with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 1.69%
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Decreased Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Kotak Flexicap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.6081% | Percentage of the fund’s portfolio invested in the stock 1.84% | Change in the portfolio weight of the stock over the last 3 months -0.29% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 22/63 (-2) |
Kotak Emerging Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.3313% | Percentage of the fund’s portfolio invested in the stock 1.62% | Change in the portfolio weight of the stock over the last 3 months -1.17% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 51/75 (-13) |
DSP Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.0148% | Percentage of the fund’s portfolio invested in the stock 3.29% | Change in the portfolio weight of the stock over the last 3 months -0.22% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 2/64 (-1) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Dividend Yield
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
Dividend/Share
₹6.50
Ex DateEx Date
Jul 5, 2024
Cash Dividend
Ex DateEx DateFeb 23, 2024
Dividend/Share
₹2.50
Ex DateEx Date
Feb 23, 2024
Cash Dividend
Ex DateEx DateJul 7, 2023
Dividend/Share
₹5.50
Ex DateEx Date
Jul 7, 2023
Cash Dividend
Ex DateEx DateNov 24, 2022
Dividend/Share
₹1.50
Ex DateEx Date
Nov 24, 2022
Cash Dividend
Ex DateEx DateJul 14, 2022
Dividend/Share
₹5.50
Ex DateEx Date
Jul 14, 2022
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
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
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
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
Bharat Forge will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live
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
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
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
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
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
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 8.99%, vs industry avg of 9.83%
Increasing Market Share
Over the last 5 years, market share increased from 1.95% to 2.03%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of -1.62%, vs industry avg of 4.71%