BHARATFORG · NSE
Bharat Forge Limited
₹1,962.1
+2.26% (+₹43.4)
Prev. close
₹1,918.7
Volume
16,02,315
Delivery %
42.2%
As of
18 Sept 2026
Price history
Chandan Taparia · Motilal Oswal Financial Services Ltd · 21 Jul 2026
“Recommends buying Bharat Forge with a target price of ₹2,340 and a stop loss at ₹2,140. The stock has delivered a consolidation breakout above ₹2,170, holding firmly above it, indicating sustained strength. It is trading in all-time high territory and looks poised to surpass its previous high near ₹2,240, supported by positive momentum indicators.”
Entry ₹2,170Target ₹2,340 (+7.8%)Stop ₹2,140 (-1.4%)R:R 5.7:1Stopped out · 24 Jul 2026
Analyst sentiment
Analysts lean bullish
1 analyst stance · last 90 days · one per analyst
Trackable
1 · 1 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Recommends buying Bharat Forge with a target price of ₹2,340 and a stop loss at ₹2,140. The stock has delivered a consol…” | Chandan TapariaMotilal Oswal Financial Services Ltd | Bharat Forge | PENDING | ||||
“Recommends buying Bharat Forge with a target price of ₹2,340 and a stop loss at ₹2,140. The stock has delivered a consolidation breakout above ₹2,170, holding firmly above it, indicating sustained strength. It is trading in all-time high territory and looks poised to surpass its previous high near ₹2,240, supported by positive momentum indicators.” This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
Fundamentals
About Bharat Forge Limited
Bharat Forge Limited engages in the manufacture and sale of forged and machined components in India and internationally. It operates through three segments: Forgings, Defence, and Others. The company offers automotive components comprising crankshafts, connecting rods, emission/after treatment, and fuel injection systems; chassis, such as front axle beams, steering knuckles, control arms, knuckle, forks, and reinforcement brackets; transmission and driveline components; and power generation components for thermal, hydro, and wind energy. It provides oil and gas forging products, such as subsea, surface, and drilling components; rail products, including engine and bogie components, turbochargers, and power electronics; and marine products that include propellers, marine motor, stern tube, crankshaft, conrod, piston rod, stock, trunk, and pintle. In addition, the company offers various components, such as turbochargers and superchargers, rotor assembly, and air cycle machine for land, marine, and aviation application; construction and mining products, including machined crankshafts, injector bodies, front spindles, and track links; and e-mobility, castings, and defense products. Further, it provides aerostructures, landing gear, and critical engine components. The company was incorporated in 1961 and is headquartered in Pune, India.
Details
Sector
Industrials
Industry
Metal Fabrication
CEO
Dr. Babasaheb Neelkanth Kalyani M.S. (MIT)
Headquarters
Pune
Employees
3,954
Website
bharatforge.comExchange
View on NSE ↗Key stats
Market cap
₹91,730.86 Cr
P/E ratio (TTM)
130.5
Dividend yield
0.45%
EPS (TTM)
₹14.70
Beta (1Y · daily vs NIFTY 50)
1.21
Beta (5Y · monthly vs NIFTY 50)
1.38
Shares float
25.63 Cr
EPS · quarter ended Jun 2026
₹-1.88
Upcoming earnings
13 Nov 2026
Financial Performance
01 · Financials
FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: Yahoo (no NSE corporate-actions ledger for this listing).
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹6,336.26 Cr | ₹10,461.08 Cr | ₹12,910.26 Cr | ₹15,682.07 Cr | ₹15,122.80 Cr | ₹16,811.65 Cr | |
| EBITDA | ₹724.41 Cr | ₹2,304.24 Cr | ₹1,828.40 Cr | ₹2,773.04 Cr | ₹2,750.64 Cr | ₹2,970.91 Cr |
| ₹-126.00 Cr | ₹1,081.76 Cr | ₹528.36 Cr | ₹951.13 Cr | ₹941.15 Cr | ₹1,079.66 Cr | |
| Diluted EPS | ₹-2.71 | ₹23.23 | ₹11.35 | ₹20.43 | ₹20.05 | ₹22.58 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹13,088.00 Cr | ₹15,492.00 Cr | ₹18,235.00 Cr | ₹19,184.00 Cr | ₹19,968.00 Cr | ₹22,238.00 Cr | |
| ₹5,270.66 Cr | ₹5,971.63 Cr | ₹7,313.24 Cr | ₹7,947.53 Cr | ₹6,698.26 Cr | ₹7,308.62 Cr | |
| Stockholders' equity | ₹5,415.00 Cr | ₹6,571.00 Cr | ₹6,705.00 Cr | ₹7,170.00 Cr | ₹9,254.00 Cr | ₹9,580.00 Cr |
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹1,020.00 Cr | ₹506.00 Cr | ₹1,294.00 Cr | ₹1,664.00 Cr | ₹1,796.00 Cr | ₹1,487.00 Cr | |
| Investing cash flow | ₹-1,511.06 Cr | ₹-690.05 Cr | ₹-1,671.33 Cr | ₹-666.75 Cr | ₹-1,964.33 Cr | ₹-1,033.03 Cr |
| ₹578.00 Cr | ₹310.00 Cr | ₹280.00 Cr | ₹-203.00 Cr | ₹-570.00 Cr | ₹-442.00 Cr | |
| Capital expenditure | ₹-914.26 Cr | ₹-1,068.33 Cr | ₹-996.18 Cr | ₹-1,524.03 Cr | ₹-1,450.46 Cr | ₹-1,140.50 Cr |
| End cash position | ₹447.32 Cr | ₹558.42 Cr | ₹508.71 Cr | ₹1,315.31 Cr | ₹621.04 Cr | ₹847.89 Cr |
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Dec 15–Sep 16(4Q) | Dec 16–Jun 18(7Q) | Sep 18–Mar 21(11Q) | Jun 21–Sep 24(14Q) | Dec 24–Jun 26(7Q) |
|---|---|---|---|---|---|
| Promoter | 47.24% | 46.24% | 46.25% | 45.25% | 44.07% |
| Public | 52.76% | 53.76% | 53.75% | 54.75% | 55.93% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Industrials
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Larsen & Toubro Limited | ₹5.24 L Cr | ₹3,836.2 | 31.6 | 4.79 | 14.7% | 1.15 | +11.8% | +4.1% |
| Adani Ports and Special Economic Zone Limited | ₹4.00 L Cr | ₹1,824 | 29.4 | 4.17 | 13.3% | 0.66 | +27.1% | +29.1% |
| Hindustan Aeronautics Limited | ₹3.20 L Cr | ₹4,800.3 | 34.3 | 7.80 | 22.2% | 0.00 | +5.6% | -1.2% |
| Bharat Electronics Limited | ₹2.82 L Cr | ₹395.45 | 46.0 | 11.75 | 25.3% | 0.00 | +15.9% | -4.1% |
| InterGlobe Aviation Limited | ₹1.87 L Cr | ₹4,920 | — | 26.87 | -34.3% | 11.15 | +6.6% | -13.9% |
| ABB India Limited | ₹1.51 L Cr | ₹7,270.5 | 95.5 | 19.28 | 21.3% | 0.01 | +8.1% | +33.7% |
| Bharat Heavy Electricals Limited | ₹1.43 L Cr | ₹429.2 | 58.8 | 5.47 | 6.1% | 0.31 | +18.3% | +83.2% |
| Hitachi Energy India Limited | ₹1.39 L Cr | ₹32,700 | 121.7 | 26.89 | 19.1% | 0.02 | +27.2% | +68.7% |
| Cummins India Limited | ₹1.39 L Cr | ₹5,099.5 | 57.8 | 16.42 | 27.9% | 0.00 | +16.9% | +24.3% |
| CG Power and Industrial Solutions Limited | ₹1.39 L Cr | ₹892 | 107.6 | 17.39 | 15.1% | 0.01 | +25.1% | +13.7% |
| Siemens Limited | ₹1.33 L Cr | ₹3,763.5 | 78.8 | 10.07 | 15.9% | 0.01 | +16.2% | +13.3% |
| Bharat Forge Limited | ₹90,119.71 Cr | ₹1,918.7 | 126.6 | 9.41 | 11.3% | 0.76 | +11.7% | +51.2% |
Ranked by market cap within Industrials, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 30
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
53 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
Bharat Forge Opening Bell Updates: Share Price Rises 2.94% on New Collaborations
LatestLY · 20 hours ago
India’s next $45 bn capex cycle: Jefferies names 16 ‘Buy’ stocks led by Kaynes, Bharat Forge
Jefferies identified Bharat Forge as a "Buy" stock, among 15 others, in its report on India's new industrial revolution. The brokerage expects India's next capital expenditure cycle to reach $45 billion, driven by growth in sectors like space, semiconductors, and data centers. This growth is supported by government policies, private investment, and domestic demand.