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Bharat Forge

  • Market Cap: Large Cap
  • Industry: Castings/Forgings
  • ISIN: INE465A01025
  • NSEID: BHARATFORG
  • BSEID: 500493
INR
994.55
23.65 (2.44%)
BSENSE

Apr 11, 12:53 PM

BSE+NSE Vol: 14.06 lacs

Click here to access the older version
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

977.051,018.95

52 Week

919.101,826.20
Valuation
Technical
Day's Volume

CASH

14.06 lacs (-29.35%) Volume

Shareholding (Dec 2024)

FII

18.24%

Held by 517 FIIs

DII

28.29%

Held by 65 DIIs

Promoter

44.07%

iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Dashboard
1

Low ability to service debt as the company has a high Debt to EBITDA ratio of 2.66 times

  • Low ability to service debt as the company has a high Debt to EBITDA ratio of 2.66 times
  • The company has been able to generate a Return on Capital Employed (avg) of 9.29% signifying low profitability per unit of total capital (equity and debt)
2

Flat results in Dec 24

3

Stock is technically in a Bearish range

4

Underperformed the market in the last 1 year

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Castings/Forgings

stock-summary
Market cap

INR 47,548 Cr (Large Cap)

stock-summary
P/E

47.00

stock-summary
Industry P/E

28

stock-summary
Dividend Yield

0.91%

stock-summary
Debt Equity

0.79

stock-summary
Return on Equity

14.32%

stock-summary
Price to Book

6.38

Revenue and Profits (1 Year):
Net Sales:
3,476 Cr
(Quarterly Results - Dec 2024)
Net Profit:
213 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0.91%)
TimePeriod
Price Return
Dividend Return
Total Return
6 Months
-33.31%
0.18%
-33.13%
1 Year
-15.61%
0.71%
-14.9%
2 Years
30.2%
2.18%
32.38%
3 Years
34.42%
3.97%
38.39%
4 Years
62.95%
4.20%
67.15%
5 Years
305.11%
9.68%
314.79%

Latest dividend: 2.5 per share ex-dividend date: Feb-18-2025

Risk Adjusted Returns v/s Sensex stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
11.43%
EBIT Growth (5y)
11.76%
EBIT to Interest (avg)
4.29
Debt to EBITDA (avg)
4.19
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0.86
Tax Ratio
38.62%
Dividend Payout Ratio
12.24%
Pledged Shares
0
Institutional Holding
46.53%
ROCE (avg)
9.16%
ROE (avg)
10.46%
Valuation key factors
Factor
Value
P/E Ratio
47
Industry P/E
28
Price to Book Value
6.38
EV to EBIT
29.00
EV to EBITDA
19.64
EV to Capital Employed
4.00
EV to Sales
3.38
PEG Ratio
5.00
Dividend Yield
0.91%
ROCE (Latest)
14.33%
ROE (Latest)
14.32%
Tecnicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
Mildly Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2024stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 35 Schemes (18.43%)

FIIs

Held by 517 FIIs (18.24%)

Promoter with highest holding

Kalyani Investment Company Limited (13.24%)

Highest Public shareholder

Kotak Flexicap Fund (4.3%)

Individual Investors Holdings

7.36%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Dec'24 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is -5.77% vs -10.17% in Sep 2024",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is -12.66% vs 20.11% in Sep 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "3,475.55",
          "val2": "3,688.51",
          "chgp": "-5.77%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "624.39",
          "val2": "647.28",
          "chgp": "-3.54%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "95.96",
          "val2": "109.81",
          "chgp": "-12.61%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "212.76",
          "val2": "243.59",
          "chgp": "-12.66%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "17.97%",
          "val2": "17.55%",
          "chgp": "0.42%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Consolidated) - Sep'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2024 is 1.87% vs 29.08% in Sep 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": " Growth in half year ended Sep 2024 is -0.94% vs 45.19% in Sep 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'24",
        "Sep'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "7,794.65",
          "val2": "7,651.46",
          "chgp": "1.87%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "1,388.23",
          "val2": "1,216.80",
          "chgp": "14.09%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "233.53",
          "val2": "238.83",
          "chgp": "-2.22%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "-151.77",
          "val2": "-2.10",
          "chgp": "-7,127.14%",
          "chgp_class": "negative"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "446.39",
          "val2": "450.63",
          "chgp": "-0.94%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "17.81%",
          "val2": "15.90%",
          "chgp": "1.91%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is -2.15% vs 24.10% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is -7.83% vs 82.04% in Dec 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "11,270.20",
          "val2": "11,517.87",
          "chgp": "-2.15%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "2,012.62",
          "val2": "1,914.66",
          "chgp": "5.12%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "329.49",
          "val2": "375.65",
          "chgp": "-12.29%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "-151.77",
          "val2": "-2.10",
          "chgp": "-7,127.14%",
          "chgp_class": "negative"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "659.15",
          "val2": "715.18",
          "chgp": "-7.83%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "17.86%",
          "val2": "16.62%",
          "chgp": "1.24%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2024 is 21.47% vs 23.41% in Mar 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2024 is 80.02% vs -51.16% in Mar 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Mar'24",
        "Mar'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "15,682.07",
          "val2": "12,910.26",
          "chgp": "21.47%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "2,557.94",
          "val2": "1,767.53",
          "chgp": "44.72%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "491.17",
          "val2": "298.62",
          "chgp": "64.48%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "-12.32",
          "val2": "-45.79",
          "chgp": "73.09%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "951.13",
          "val2": "528.36",
          "chgp": "80.02%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "16.31%",
          "val2": "13.69%",
          "chgp": "2.62%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Consolidated) - Dec'24 - QoQstock-summary
Dec'24
Sep'24
Change(%)
Net Sales
3,475.55
3,688.51
-5.77%
Operating Profit (PBDIT) excl Other Income
624.39
647.28
-3.54%
Interest
95.96
109.81
-12.61%
Exceptional Items
0.00
0.00
Consolidate Net Profit
212.76
243.59
-12.66%
Operating Profit Margin (Excl OI)
17.97%
17.55%
0.42%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2024 is -5.77% vs -10.17% in Sep 2024

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Dec 2024 is -12.66% vs 20.11% in Sep 2024

All Quarterly Resultsstock-summary
Half Yearly Results Snapshot (Consolidated) - Sep'24stock-summary
Sep'24
Sep'23
Change(%)
Net Sales
7,794.65
7,651.46
1.87%
Operating Profit (PBDIT) excl Other Income
1,388.23
1,216.80
14.09%
Interest
233.53
238.83
-2.22%
Exceptional Items
-151.77
-2.10
-7,127.14%
Consolidate Net Profit
446.39
450.63
-0.94%
Operating Profit Margin (Excl OI)
17.81%
15.90%
1.91%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

Growth in half year ended Sep 2024 is 1.87% vs 29.08% in Sep 2023

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2024 is -0.94% vs 45.19% in Sep 2023

All Half Yearly Resultsstock-summary
Nine Monthly Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
11,270.20
11,517.87
-2.15%
Operating Profit (PBDIT) excl Other Income
2,012.62
1,914.66
5.12%
Interest
329.49
375.65
-12.29%
Exceptional Items
-151.77
-2.10
-7,127.14%
Consolidate Net Profit
659.15
715.18
-7.83%
Operating Profit Margin (Excl OI)
17.86%
16.62%
1.24%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2024 is -2.15% vs 24.10% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2024 is -7.83% vs 82.04% in Dec 2023

All Nine Monthly Resultsstock-summary
Annual Results Snapshot (Consolidated) - Mar'24stock-summary
Mar'24
Mar'23
Change(%)
Net Sales
15,682.07
12,910.26
21.47%
Operating Profit (PBDIT) excl Other Income
2,557.94
1,767.53
44.72%
Interest
491.17
298.62
64.48%
Exceptional Items
-12.32
-45.79
73.09%
Consolidate Net Profit
951.13
528.36
80.02%
Operating Profit Margin (Excl OI)
16.31%
13.69%
2.62%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2024 is 21.47% vs 23.41% in Mar 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2024 is 80.02% vs -51.16% in Mar 2023

All Annual Resultsstock-summary
stock-summaryCompany CV
About Bharat Forge Ltd. stock-summary
stock-summary
Bharat Forge Ltd.
Large Cap
Castings/Forgings
Bharat Forge Limited (BFL), the Pune based Indian multinational, is a global provider of high performance, innovative, safety & critical components and solutions to various industrial sectors including Automotive, Railways, Power, Defence, Construction & Mining, Aerospace, Marine and Oil & Gas. The company is a part of Kalyani Group and has evolved into a diversified, global conglomerate, engineering critical solutions for automotive and industrial OEMs.
Company Coordinates stock-summary
Company Details
Mundhwa, Pune Cantonment Pune Maharashtra : 411036
stock-summary
Tel: 91-020-6704 2777/2476
stock-summary
http://www.bharatforge.com
stock-summary
secretarial@bharatforge.com
Registrar Details
Bharat Forge Ltd , Mundhwa, Pune Cantonment, Pune
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