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Bharat Forge Limited

Bharat Forge Limited

NSE: BHARATFORG
Auto PartsConsumer CyclicalLARGE CAPMCap ₹89.67k Cr
₹1,835.00₹-17.40 (-0.94%)

Market Closed • NSE

Market cap₹89.67k Cr
Enterprise value₹93.46k Cr
P/E TTM124.24
Forward P/E38.27
P/B9.16
EPS TTM₹14.77
Forward EPS₹47.94
ROCE12.60%
D/E0.76
Dividend yield0.00%
Face value₹2.00
52W high₹2,295.00
52W low₹1,235.10
Price chart(1Y)
1Y Return:-5.66% (₹110.10)
H: ₹2,295L: ₹1,773.2
1W+1.09%
1M-4.36%
3M-16.66%
6M-2.09%
1Y+45.04%
Today at a glance

Day range

₹1,825.00₹1,865.00

52 week range

₹1,235.10₹2,295.00
Volume1.49M1.74x 20D avg
Free float50.00%+73.50% volume

Bharat Forge Limited closed at INR1835.00 (-0.94%) on volume 1.74x its 20-day average, trading 20.04% below its 52-week high.

Technical analysis
RSI (14)39.5Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹48.03Moderate
SMA 20₹1,899.85BEARISH
SMA 50₹1,976.05BEARISH
SMA 100₹2,034.28BEARISH
SMA 200₹1,881.63BEARISH
CPR bottom₹1,848.30
Pivot₹1,849.67
CPR top₹1,851.03
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -138.6% QoQ

2026-07-03

DIVIDEND Announced

Dividend - Rs 6.50 Per Share

2026-02-18

DIVIDEND Announced

Interim Dividend - Rs 2 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹7.31k Cr₹89.67k Cr8.15%≤ 33%PASS
Non-halal income ratio–₹16.81k Cr0.00%≤ 5%PASS
Illiquid assets ratio–₹22.24k Cr—≥ 20%PASS
Receivables ratio–₹22.24k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E124.2426.80
Forward P/E38.27—
P/B9.162.70
EV/EBITDA32.0018.00
PEG—1.00
Earnings yield0.803.70
Growth & profitability
RevenuePAT
FY25PAT margin 6.20%
FY26PAT margin 6.50%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y0.00%
Revenue CAGR 5Y+2.10%
PAT CAGR 3Y+10.00%
PAT CAGR 5Y+3.00%
Operating margin9.62%
Net margin4.03%
Financial health & cash flow
Net debt₹7.31k CrModerate
Interest coverage9.00xEBIT / interest
CFO / PAT1.37x3Y average
Net debt / EBITDA2.51xLeverage
Operating cash flow₹1.49k Cr
Capital expenditure–
Free cash flow₹1.49k Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall60/100
Valuation35/100
Profitability65/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 1.37x over last 3 years

Risks

Stretched Valuation: Trading at a high P/E multiple of 124.2x

Bull case

Market Leadership: Established operational scale in Auto Parts.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
46.28%Institutional holding
9.49%Public holding
5Periods available
0.00%Promoter pledged
2.15LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
03 Jul 2026Dividend₹6.50 / share—03 Jul 2026
18 Feb 2026Dividend₹2.00 / share—18 Feb 2026
04 Jul 2025Dividend₹6.00 / share—04 Jul 2025
18 Feb 2025Dividend₹2.50 / share—18 Feb 2025
05 Jul 2024Dividend₹6.50 / share—05 Jul 2024
23 Feb 2024Dividend₹2.50 / share—23 Feb 2024
07 Jul 2023Dividend₹5.50 / share—07 Jul 2023
25 Nov 2022Dividend₹1.50 / share—24 Nov 2022
15 Jul 2022Dividend₹5.50 / share—14 Jul 2022
26 Nov 2021Dividend₹1.50 / share—25 Nov 2021
16 Jul 2021Dividend₹2.00 / share—15 Jul 2021
04 Mar 2020Dividend₹2.00 / share—03 Mar 2020
21 Nov 2019Dividend₹1.50 / share—20 Nov 2019
—Dividend₹2.50 / share—01 Aug 2019
16 Nov 2018Dividend₹2.50 / share—15 Nov 2018
—Dividend₹2.50 / share—27 Jul 2018
18 Nov 2017Dividend₹2.00 / share—16 Nov 2017
30 Sept 2017Bonus issue1:1 bonus ratio—28 Sept 2017
—Dividend₹5.00 / share—28 Jul 2017
18 Feb 2017Dividend₹2.50 / share—16 Feb 2017
—Dividend₹0.50 / share—25 Jul 2016
21 Mar 2016Dividend₹4.00 / share—18 Mar 2016
19 Feb 2016Dividend₹3.00 / share—17 Feb 2016
—Dividend₹4.50 / share—20 Jul 2015
12 Feb 2015Dividend₹3.00 / share—11 Feb 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)54.39%+14.66% latest vs average
Highest delivery69.05%on 16 Oct
Average volume (20D)857.7KTrading-session average
Conviction trendStrengthening+14.66% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Titan Company Limited
Titan Company LimitedTITAN
Open analysis
₹3.94L68.510.34%₹21,356.00₹1,777.00+29.25%+62.88%
Maruti Suzuki India Limited
Maruti Suzuki India LimitedMARUTI
Open analysis
₹3.61L25.201.22%₹52,470.00₹3,447.00+35.92%-9.10%
Mahindra & Mahindra Limited
Mahindra & Mahindra LimitedM&M
Open analysis
₹3.51L17.781.15%₹41,959.00₹3,685.00+22.89%+6.81%
Eternal Limited
Eternal LimitedETERNAL
Open analysis
₹3.00L692.130.00%₹3,349.00₹585.00+38.79%-2.82%
Bajaj Auto Limited
Bajaj Auto LimitedBAJAJ-AUTO
Open analysis
₹2.86L24.741.44%₹17,243.72₹2,982.84+36.35%+34.94%
Eicher Motors Limited
Eicher Motors LimitedEICHERMOT
Open analysis
₹2.00L34.661.13%₹6,632.00₹1,463.00+31.54%+21.41%
TVS Motor Company Limited
TVS Motor Company LimitedTVSMOTOR
Open analysis
₹1.95L56.760.30%₹16,296.00₹1,058.00+33.46%+64.54%
Samvardhana Motherson International Limited
Samvardhana Motherson International LimitedMOTHERSON
Open analysis
₹1.70L38.550.31%₹35,244.00₹1,076.00+16.66%+77.56%
About Bharat Forge Limited
Bharat Forge Limited

Bharat Forge is engaged in the manufacturing and selling of forged and machined components for the auto and industrial sectors.[1]

IndiaConsumer Cyclical

Questions investors ask
Is Bharat Forge Limited Shariah compliant?

Bharat Forge Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (8.15%) complies with AAOIFI threshold (≤ 33%).

What is Bharat Forge Limited's current valuation relative to peers?

Bharat Forge Limited trades at a P/E of 124.2x compared to the sector median of 26.8x, and a Price-to-Book of 9.2x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.76x and a Net Debt to EBITDA ratio of 2.51x. Interest coverage is 9x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 2.1% while net profit growth averaged 3%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.