Analyst Rating
based on 28 analysts
46.43%
Buy
10.71%
Hold
42.86%
Sell
Based on 28 analysts offering long term price targets for Bharat Forge Ltd. An average target of ₹1517.07
Source: S&P Global Market Intelligence
Bharat Forge Ltd Share analysis
Bharat Forge Ltd price forecast by 28 analysts
Downside of
High
₹2000
Target
₹1517.07
Low
₹900
Bharat Forge Ltd target price ₹1517.07, a slight downside of -4.95% compared to current price of ₹1575.7. According to 28 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Bharat Forge Ltd revenue growth forecast
Expected growth rate Q1, FY2026:28.64%
Forecast
Actual
Including amortisation and stock based compensations
Bharat Forge Ltd EPS growth forecast
EPS estimate Q1, FY2026:114.59%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹1,562.05₹1,612.9552 Week's Low
52 Week's High
₹1,002.3₹1,804.5
| Returns % | |
| 1 Month Return | + 0.53 % |
| 3 Month Return | -5.93 % |
| 1 Year Return | + 42.31 % |
| Market Stats | |
| Previous Close | ₹1,596.10 |
| Open | ₹1,599.95 |
| Volume | 3.67L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹74,312.60Cr |
Key Statistics
| P/E Ratio | 79.84 |
| PEG Ratio | 10.83 |
| Market Cap | ₹74,312.60 Cr |
| P/B Ratio | 6.14 |
| EPS | 19.55 |
| Dividend Yield | 0.8 |
| Sector | Castings, Forgings & Fastners |
| ROE | 17.52 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| HOLD | ₹74,312.60 Cr | 59.78% | 0.68 | ₹910 Cr | ₹15,682 Cr | |
| HOLD | ₹60,427.87 Cr | 108.21% | 0.61 | ₹924 Cr | ₹14,030 Cr | |
| BUY | ₹46,308.35 Cr | 21.27% | 0.58 | ₹517 Cr | ₹3,184 Cr | |
| HOLD | ₹33,868.80 Cr | 32.67% | 0.50 | ₹680 Cr | ₹10,240 Cr | |
| HOLD | ₹60,200.36 Cr | 75.17% | 0.51 | ₹899 Cr | ₹7,250 Cr |
Company Information
The company is the world's second-largest forgings manufacturer and specializes in the production of high-performance components for the automotive, power, oil and gas, construction and mining, railway, marine, aerospace, and defense industries. Its top products include crankshafts, camshafts, suspension components, transmission components, engine components, and chassis components.
Bharat Forge is a leading supplier of components to some of the world's most popular brands, such as Mercedes-Benz, BMW, Volvo, Audi, Renault, Ford, and General Motors. The company also manufactures components for the Indian Armed Forces, and has supplied components to the Indian Space Research Organisation (ISRO).
Share Price: ₹1575.70 per share as on 18 Sep, 2024 04:01 PM
Market Capitalisation: ₹74,312.60Cr as of today
Revenue: ₹4,106.15Cr as on June 2024 (Q2 24)
Net Profit: ₹174.58Cr as on June 2024 (Q2 24)
Listing date: 03 Nov, 1994
Chairperson Name: B N Kalyani
| Organisation | Bharat Forge Ltd |
| Headquarters | |
| Industry | Castings, Forgings & Fastners |
| E-voting on shares | Click here to vote |
Key events for Bharat Forge Ltd
Bharat Forge MD Faces Legal Battle Over Family Will - 16 Sep, 2024
Baba Kalyani, MD of Bharat Forge, is embroiled in a legal dispute with his brother over their mother's will, which affects family assets including shares in Bharat Forge.
Baba Kalyani Receives USIBC Global Business Leadership Award - 12 Sep, 2024
Baba Kalyani, Chairman of Bharat Forge, was honored with the 2024 USIBC Global Business Leadership Award for his transformative leadership in manufacturing and defense sectors. He emphasized the impact of 1990s economic reforms on Bharat Forge's global expansion and highlighted the company's strong partnerships with US firms in defense manufacturing.
Bharat Forge Benefits from Defence Production Push - 10 Sep, 2024
Analysts are encouraged to examine the order books of Bharat Forge and similar companies benefiting from the government's focus on indigenisation of defence production, including import substitution and export.
Bharat Forge Faces Challenges Amid Truck Order Decline - 06 Sep, 2024
Bharat Forge is in focus as North America's Class 8 truck orders fell below seasonal expectations, with August orders at 13,400 units, down 16% year-on-year. Despite this, UBS maintains a buy rating, projecting the defense segment's revenue share to rise to 20% by FY2027. The stock is up nearly 30% in 2024.
Bharat Forge Announces Changes in Board Directors - 03 Sep, 2024
Bharat Forge disclosed that four Independent Directors, including Prataprao G Pawar and Lalita D. Gupte, will cease their roles upon term completion on September 3, 2024.
Bharat Forge Shares Decline Amid Mixed Performance - 27 Aug, 2024
Bharat Forge shares fell 1.03% to Rs 1618.0. The company reported a net profit of Rs 202.81 crore for Q2 2024, with sales down 1.45% from the previous quarter. The stock has gained 58.34% over the past year.
Bharat Forge Invests in Kalyani Powertrain for EV Growth - 23 Aug, 2024
Bharat Forge has approved a Rs 105.5 crore investment to acquire the remaining stake in Kalyani Powertrain, focusing on electric vehicle and e-mobility solutions. The company reported a revenue increase of 6% and an 18% rise in net profit for Q4FY24.
Bharat Forge Invests in Kalyani Powertrain for EV Focus - 22 Aug, 2024
Bharat Forge Ltd has announced a strategic investment in its subsidiary Kalyani Powertrain Ltd, subscribing to 10,545,000 equity shares for up to ₹105 crore, enhancing its electric vehicle initiatives. The investment aims to consolidate its e-mobility efforts while maintaining 100% ownership in KPTL.
Bharat Forge Shares Rise Amid New Defense Development - 21 Aug, 2024
Bharat Forge shares increased by 1.81% to Rs 1605.3, while the company announced the development of the Advanced Towed Artillery Gun System, targeting army orders.
Insights on Bharat Forge Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTFII Holding Up
Foreign Institutions have increased holdings from 16.47% to 17.03% in Jun 2024 quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 45.25% of holdings in Jun 2024 quarter
- NO EFFECT
Against Peers
In the last 1 year, Jindal Steel & Power Ltd has given 49.9% return, outperforming this stock by 7.6%
- NO EFFECT
Against Peers
In the last 3 years, Jindal Steel & Power Ltd has given 199.8% return, outperforming this stock by 84.2%
NEGATIVE IMPACTProfit Down
Netprofit is down for the last 3 quarters, 264.55 Cr → 202.81 Cr (in ₹), with an average decrease of 12.4% per quarter
- NEGATIVE IMPACT
Price Dip
In the last 3 months, BHARATFORG stock has moved down by -5.9%
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 19.82% to 19.35% in Jun 2024 quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 4.21K Cr → 4.15K Cr (in ₹), with an average decrease of 1.5% per quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 10.03% to 9.58% in Jun 2024 quarter
Company Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 45.25% | 0.00 | |
| Foreign Institutions | 17.03% | 3.40 | |
| Mutual Funds | 19.35% | ||
| Retail Investors | 9.58% | ||
| Others | 8.78% | 4.24 |
Key Indicators
Bharat Forge Ltd Valuation
Bharat Forge Ltd in the last 5 years
Lowest (-279.83x)
June 10, 2021
Industry (47.92x)
September 17, 2024
Today (79.84x)
September 17, 2024
Highest (537.31x)
February 28, 2018
Earnings and Dividends
Bharat Forge Ltd Earnings Results
Bharat Forge Ltd’s net profit fell -9.22% since last year same period to ₹202.81Cr in the Q1 2024-2025. On a quarterly growth basis, Bharat Forge Ltd has generated -14.05% fall in its net profits since last 3-months.
Read More about Earnings ResultsBharat Forge Ltd Dividends May,2024
In the quarter ending March 2024, Bharat Forge Ltd has declared dividend of ₹6.50 - translating a dividend yield of 0.56%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Bharat Forge Ltd is currently in a Bearish trading position according to technical analysis indicators.
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Bharat Forge Ltd (BHARATFORG) share price today is ₹1575.7
Bharat Forge Ltd is listed on NSE
Bharat Forge Ltd is listed on BSE
- Today’s highest price of Bharat Forge Ltd is ₹1612.95.
- Today’s lowest price of Bharat Forge Ltd is ₹1562.05.
PE Ratio of Bharat Forge Ltd is 79.84
PE ratio = Bharat Forge Ltd Market price per share / Bharat Forge Ltd Earnings per share
Today’s traded volume of Bharat Forge Ltd(BHARATFORG) is 3.67L.
Today’s market capitalisation of Bharat Forge Ltd(BHARATFORG) is ₹74312.6Cr.
| Bharat Forge Ltd(BHARATFORG | Price |
|---|---|
52 Week High | ₹1804.5 |
52 Week Low | ₹1002.3 |
Bharat Forge Ltd(BHARATFORG) share price is ₹1575.7. It is down -12.68% from its 52 Week High price of ₹1804.5
Bharat Forge Ltd(BHARATFORG) share price is ₹1575.7. It is up 57.21% from its 52 Week Low price of ₹1002.3
| Bharat Forge Ltd(BHARATFORG | Returns |
|---|---|
1 Day Returns | -20.4% |
1 Month Returns | 0.53% |
3 Month Returns | -5.93% |
1 Year Returns | 42.31% |