BHARATFORG
Bharat Forge Limited (BHARATFORG) Stock Analysis
Bharat Forge Limited is a leading Indian forging and automotive components company. It makes crankshafts, chassis parts, and precision forgings for vehicles and industrial applications worldwide. Global OEMs and Indian manufacturers are key customers. The company is listed on Indian stock exchanges and is headquartered in India.
Industrials › Metal Fabrication
₹1,835.00
+1.00% 1W | +49.20% 52W
Market Cap
89.7k CR
P/E Ratio
124.2
52W High
₹2295
52W Low
₹1235.1
Div. Yield
0.46%
Beta
0.5
50 DMA
₹1976.9
200 DMA
₹1887.9
Profit Margin
4%
Inst. Own.
37.1%
🔥 APPROACHING RESISTANCE
🔥 APPROACHING RESISTANCE
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,877 | 3,774 | 3,866 | 4,164 | 4,106 | 3,689 | 3,476 | 3,853 | 3,909 | 4,032 | 4,343 | 4,528 | 4,640 |
| Expenses | 3,282 | 3,153 | 3,169 | 3,521 | 3,365 | 3,042 | 2,853 | 3,174 | 3,239 | 3,308 | 3,597 | 3,751 | 3,942 |
| Operating Profit | 595 | 621 | 698 | 643 | 741 | 647 | 623 | 679 | 670 | 724 | 746 | 777 | 698 |
| OPM % | 15% | 16% | 18% | 15% | 18% | 18% | 18% | 18% | 17% | 18% | 17% | 17% | 15% |
| Other Income | 67 | 51 | 58 | 45 | -99 | 62 | 38 | 57 | 50 | 54 | -13 | -46 | -301 |
| Interest | 114 | 124 | 137 | 116 | 124 | 110 | 96 | 88 | 82 | 80 | 77 | 84 | 90 |
| Depreciation | 206 | 211 | 224 | 207 | 218 | 213 | 218 | 224 | 226 | 241 | 249 | 255 | 263 |
| Profit before tax | 341 | 337 | 395 | 366 | 300 | 385 | 347 | 424 | 411 | 457 | 407 | 392 | 44 |
| Tax % | 37% | 36% | 36% | 38% | 42% | 37% | 39% | 33% | 31% | 34% | 33% | 40% | 302% |
| Net Profit | 214 | 215 | 254 | 227 | 175 | 243 | 213 | 283 | 284 | 299 | 273 | 233 | -90 |
| EPS in Rs | 4.80 | 4.88 | 5.68 | 5.07 | 4.36 | 5.23 | 4.45 | 5.90 | 5.93 | 6.26 | 5.53 | 4.86 | -1.88 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7,622 | 6,809 | 6,396 | 8,358 | 10,146 | 8,056 | 6,336 | 10,461 | 12,910 | 15,682 | 15,123 | 16,812 | 17,543 |
| Expenses | 6,232 | 5,397 | 5,276 | 6,635 | 8,098 | 6,984 | 5,504 | 8,478 | 11,174 | 13,121 | 12,431 | 13,894 | 14,597 |
| Operating Profit | 1,390 | 1,413 | 1,121 | 1,723 | 2,048 | 1,072 | 832 | 1,983 | 1,737 | 2,562 | 2,692 | 2,917 | 2,946 |
| OPM % | 18% | 21% | 18% | 21% | 20% | 13% | 13% | 19% | 13% | 16% | 18% | 17% | 17% |
| Other Income | 226 | 148 | 391 | 46 | 199 | 109 | -138 | 288 | 124 | 217 | 55 | 44 | -306 |
| Interest | 136 | 116 | 100 | 107 | 127 | 171 | 108 | 160 | 299 | 491 | 417 | 323 | 331 |
| Depreciation | 362 | 453 | 452 | 467 | 521 | 548 | 612 | 730 | 736 | 848 | 874 | 971 | 1,008 |
| Profit before tax | 1,118 | 992 | 960 | 1,196 | 1,599 | 462 | -25 | 1,381 | 827 | 1,439 | 1,456 | 1,667 | 1,301 |
| Tax % | 32% | 32% | 26% | 37% | 35% | 24% | 399% | 22% | 39% | 37% | 37% | 35% | |
| Net Profit | 760 | 675 | 711 | 754 | 1,033 | 349 | -127 | 1,077 | 508 | 910 | 913 | 1,089 | 716 |
| EPS in Rs | 16.38 | 14.57 | 15.13 | 16.38 | 22.17 | 7.51 | -2.71 | 23.23 | 11.35 | 20.43 | 19.69 | 22.58 | 14.77 |
| Dividend Payout % | 23% | 26% | 25% | 27% | 23% | 47% | -74% | 30% | 62% | 44% | 43% | 38% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 9.0% | 22.0% | 9.0% |
| Profit CAGR | 33.0% | 39.0% | 5.0% |
Shareholding Pattern
Promoters44.07%
FIIs13.62%
DIIs32.11%
Public10.05%
Promoters44.07%
FIIs12.40%
DIIs34.08%
Public9.29%
Promoters44.07%
FIIs14.15%
DIIs32.62%
Public9.00%
Promoters44.07%
FIIs15.04%
DIIs32.18%
Public8.54%
Promoters43.12%
FIIs15.18%
DIIs32.86%
Public8.84%
Promoters45.26%
FIIs16.17%
DIIs27.70%
Public10.70%
Promoters45.26%
FIIs16.48%
DIIs28.06%
Public10.04%
Promoters44.07%
FIIs16.08%
DIIs30.20%
Public9.49%
Promoters44.07%
FIIs14.15%
DIIs32.62%
Public9.00%
Promoters43.12%
FIIs15.18%
DIIs32.86%
Public8.84%
BHARATFORG
Holdings Analysis
Key strengths & risk signals
60
Overall
60
Fundamental
61
Technical
Risks (3)
OVERVALUED! PEG of 4.62 means expensive relative to growth rate.
WEAK POSITION! Current price (1835.0) is below both moving averages.
WEAK MOMENTUM! Limited price growth - 1.0% (1 week), -2.6% (1 month), -16.2% (3 months).
Strengths (3)
BULLISH TREND! 50-day average (1976.9) is above 200-day average (1887.9) - positive signal.
GOOD YEAR! Stock gained 49.2% in the last year.
LOW VOLATILITY! Beta of 0.50 - stable stock, less market risk.
Fundamental & Technical Analysis
60Overall
60Fundamental
61Technical
Fundamental Breakdown
Growth Quality
23/30
Revenue CAGR: 9.7% (MODERATE, 8/15). Profit CAGR: 26.9% (EXCELLENT, 15/15).
Profit Margin
2/10
LOW MARGIN! 4.0% profit margin - thin profits.
PEG Valuation
0/10
OVERVALUED! PEG of 4.62 means expensive relative to growth rate.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.46% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
20/20
VERY LESS PUBLIC HOLDING! 10.17% public ownership - strong promoter/institutional control.
Stability Index
2/10
CAUTION! Company made loss in last quarter. Be careful.
Technical Breakdown
Moving Averages
10/10
BULLISH TREND! 50-day average (1976.9) is above 200-day average (1887.9) - positive signal.
Price Position
2/10
WEAK POSITION! Current price (1835.0) is below both moving averages.
Trend Pattern
10/20
AT RESISTANCE! Stock is at key resistance level.
52W Performance
10/10
GOOD YEAR! Stock gained 49.2% in the last year.
Volume Sentiment
15/30
BEARISH SENTIMENT! In last 30 days: 11 up days, 19 down days. Avg volume on up days: 843,053 vs down days: 913,336. Ratio: 0.92x
RSI
4/5
APPROACHING OVERSOLD! RSI at 39.4 - watch for reversal.
52W Range
3/5
MID RANGE! Trading at 56.6% of 52W range - neutral zone.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - 1.0% (1 week), -2.6% (1 month), -16.2% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.50 - stable stock, less market risk.
BHARATFORG
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q1FY272026-08-13 | Concall PDF | |
| Q4FY262026-05-11 | Concall PDF | |
| Q3FY262026-02-13 | Concall PDF | |
| Q2FY262025-11-14 | Concall PDF |
Peer Comparison
Industrials · Metal Fabrication · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BHARATFORG | ₹1,835.00 | 124.2 | 4.0% | 9.7% | 26.9% | +49.2% | 60 | APPROACHING RESISTANCE | -131.6% | -138.6% | +18.7% | +2.5% |
| PTCIL | ₹24,680.00 | 294.8 | 18.0% | 40.7% | 57.9% | +49.0% | 80 | CONSOLIDATING UP | +461.5% | -51.3% | +97.5% | -14.9% |
| HAPPYFORGE | ₹1,866.00 | 53.9 | 19.9% | 9.8% | 13.1% | +103.7% | 70 | BREAKDOWN | +39.3% | +9.4% | +27.0% | +6.0% |
| RKFORGE | ₹691.50 | 118.8 | 2.4% | 10.5% | -33.9% | +26.7% | 56 | CONSOLIDATING DOWN | +297.5% | -16.1% | +19.8% | 0.0% |
| GRAVITA | ₹1,479.30 | 27.5 | 8.3% | 14.9% | 23.5% | -5.8% | 71 | BREAKOUT | +14.0% | +15.8% | +41.9% | +25.8% |
| RHIM | ₹370.10 | – | -8.7% | 13.9% | – | -17.1% | 60 | BREAKOUT | +83.0% | -112.5% | +5.6% | +8.8% |
| KIRLFER | ₹452.40 | 21.7 | 5.1% | 4.6% | 5.1% | +2.6% | 50 | BREAKDOWN | -65.4% | -33.1% | +4.3% | -2.5% |
| AEROFLEX | ₹525.80 | 101.9 | 13.4% | 17.2% | 22.6% | +201.6% | 76 | BREAKDOWN | +161.1% | +6.8% | +72.5% | +15.6% |
Data from TradeAlone · Updated daily
BHARATFORG News
Bharat Forge Limited (bharatforg) Secures Long-term Contract with Pratt & Whitney Canada2026-10-05Bharat Forge Limited Collaborates with Pratt & Whitney Canada for HALE UAV Engine Integration2026-09-15Bharat Forge Limited (bharatforg) Announces Strategic Alliance with Thales for 70-mm Rocket Systems2026-09-03Bharat Forge Limited (BHARATFORG) falls 5% intraday, breaks below support2026-08-10Bharat Forge Limited (bharatforg) Q1 FY27: Analyst Update Highlights Robust Growth and Strategic Investments2026-08-10Bharat Forge Limited Signs Strategic Mou with Flying Whales to Develop Heavy-lift Airships2026-07-22Bharat Forge Limited (bharatforg) Secures ₹425 Crore Contract with Ministry of Defence2026-06-19Bharat Forge Limited Unveils Simha 4×4 Next-generation Armoured Vehicle2026-06-16Bharat Forge Limited Unveils Marg Series Artillery Guns at Eurosatory 20262026-06-15Bharat Forge Limited Establishes India’s First Private-sector Marine Gas Turbine Facility2026-05-19Bharat Forge Limited Announces Groundbreaking of Strategic Defence Facility2026-05-15Bharat Forge Secures Long-term Contract With Embraer2026-05-11Q4 & FY26 Analyst Update: Bharat Forge Limited’s Strong Performance2026-05-07
