Bharat Forge Ltd Analyst Rating
based on 26 analysts
50.00%
Buy
15.38%
Hold
34.62%
Sell
Based on 26 analysts offering long term price targets for Bharat Forge Ltd. An average target of ₹1490.19
Source: S&P Global Market Intelligence
Bharat Forge Ltd Share analysis
Bharat Forge Ltd price forecast by 26 analysts
Upside of13.22%
High
₹1859
Target
₹1490.19
Low
₹920
Bharat Forge Ltd target price ₹1490.19, a slight upside of 13.22% compared to current price of ₹1316.15. According to 26 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Bharat Forge Ltd revenue growth forecast
Expected growth rate Q1, FY2026:24.80%
Forecast
Actual
Including amortisation and stock based compensations
Bharat Forge Ltd EPS growth forecast
EPS estimate Q1, FY2026:103.08%
Forecast
Actual
Source: S&P Global Market Intelligence
Bharat Forge Ltd Performance
Day's Low
Day's High
₹1,296.35₹1,326.752 Week's Low
52 Week's High
₹1,056.3₹1,804.5
| Returns % | |
| 1 Month Return | -6.32 % |
| 3 Month Return | -18.77 % |
| 1 Year Return | + 20.27 % |
| Market Stats | |
| Previous Close | ₹1,296.20 |
| Open | ₹1,299.00 |
| Volume | 3.25L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹60,349.60Cr |
Bharat Forge Ltd Key Statistics
| P/E Ratio | 64.71 |
| PEG Ratio | 10.84 |
| Market Cap | ₹60,349.60 Cr |
| P/B Ratio | 6.14 |
| EPS | 19.55 |
| Dividend Yield | 0.8 |
| Sector | Castings, Forgings & Fastners |
| ROE | 17.52 |
Bharat Forge Ltd Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| HOLD | ₹60,349.60 Cr | 38.72% | 0.68 | ₹910 Cr | ₹15,682 Cr | |
| HOLD | ₹61,992.47 Cr | 100.8% | 0.61 | ₹924 Cr | ₹14,030 Cr | |
| BUY | ₹42,487.64 Cr | 17.97% | 0.58 | ₹517 Cr | ₹3,184 Cr | |
| HOLD | ₹33,071.24 Cr | 23.23% | 0.50 | ₹680 Cr | ₹10,240 Cr | |
| BUY | ₹52,855.65 Cr | 60.51% | 0.51 | ₹899 Cr | ₹7,250 Cr |
About Bharat Forge Ltd
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: ₹1316.15 per share as on 22 Nov, 2024 04:01 PM
Market Capitalisation: ₹60,349.60Cr as of today
Revenue: ₹3,688.51Cr as on September 2024 (Q3 24)
Net Profit: ₹243.30Cr as on September 2024 (Q3 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's Successful German Acquisition Highlighted - 22 Nov, 2024
Bharat Forge's Chairman, Baba Kalyani, emphasized the successful acquisition of a German company, overcoming skepticism and establishing trust, leading to significant partnerships with major European automakers.
Bharat Forge Wins Major Defence Contract - 21 Nov, 2024
Bharat Forge has emerged as the lowest bidder for the ₹6,000 crore ATAGS contract, securing 60% of the deal. The company reported significant revenue growth in its defence division, despite a recent decline in share price.
Bharat Forge Engages in Key Contracts and Investments - 20 Nov, 2024
Bharat Forge is negotiating a contract for the Advanced Towed Artillery Gun System and plans to invest ₹3,500 crore in a titanium plant in Odisha. However, net sales for September 2024 show a decline of 2.27% year-on-year.
Bharat Forge Wins Major ATAGS Contract Bid - 19 Nov, 2024
Bharat Forge has emerged as the lowest bidder for the ₹6,000 crore Advanced Towed Artillery Gun System (ATAGS) contract, securing a 60% share. The company is in ongoing negotiations with the Indian Ministry of Defence, with expectations to finalize the contract before the end of the financial year 2024-25.
Bharat Forge Faces Challenges Amid Mixed Analyst Ratings - 18 Nov, 2024
Bharat Forge's Q2 results were flat, prompting Jefferies to cut its target price. Nomura remains neutral, citing strong defense orders but concerns over European market weakness. The stock hit a six-month low amid global demand challenges.
Bharat Forge Reports Mixed Q2 Results and Growth Outlook - 15 Nov, 2024
Bharat Forge's Q2 results reveal a profit increase of 7.2% year-over-year, despite a revenue decline. The company anticipates strong growth for its subsidiary JS Auto, projecting a 20% CAGR over the next few years.
Bharat Forge Reports Q2 Results and Management Changes - 14 Nov, 2024
Bharat Forge's Q2 results show a 13% YoY increase in net profit to Rs 243 crore, despite a revenue decline. The board also approved senior management changes.
Bharat Forge Shares Dip Ahead of Q2 Earnings - 13 Nov, 2024
Bharat Forge Ltd shares fell 2.06% to ₹1,332.55 ahead of the anticipated Q2 FY25 results. Market expectations include revenue of ₹4,070 crore and net profit of ₹313 crore.
Bharat Forge Shows Signs of Recovery After Drop - 11 Nov, 2024
Bharat Forge's stock, which peaked at Rs 1,826 on June 21, 2024, has consolidated for five months. Recent rebounds suggest potential easing of selling pressure, with experts noting that surpassing Rs 1,330 could signal bullish momentum.
Bharat Forge Stock Declines Amid Market Correction - 07 Nov, 2024
Bharat Forge's share price fell 0.58% to Rs 1462.4. The stock has seen a 38.65% increase over the past year, despite recent corrections.
Bharat Forge Contributes to Telangana's Automotive Hub - 06 Nov, 2024
Bharat Forge, along with Mahindra and others, is establishing advanced manufacturing facilities in Telangana, enhancing the region's capabilities in traditional and electric vehicle technologies.
Bharat Forge Secures Major Defence Contract Bid - 05 Nov, 2024
Bharat Forge has emerged as the lowest bidder for a ₹7,000 crore contract for Advanced Towed Artillery Gun Systems (ATAGS) developed by DRDO, expected to manage 60% of the order. This significant win highlights Bharat Forge's role in advancing India's defense manufacturing capabilities.
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 IMPACTProfit Spike
Netprofit is up for the last 2 quarters, 202.81 Cr → 243.59 Cr (in ₹), with an average increase of 16.7% per quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 17.03% to 18.72% in Sep 2024 quarter
NO EFFECTAgainst Peers
In the last 1 year, Jindal Steel & Power Ltd has given 34.9% return, outperforming this stock by 14.6%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 45.25% of holdings in Sep 2024 quarter
- NO EFFECT
Against Peers
In the last 3 years, Jindal Steel & Power Ltd has given 130.8% return, outperforming this stock by 54.4%
NEGATIVE IMPACTMF Holding Down
Mutual Funds have decreased holdings from 19.35% to 16.46% in Sep 2024 quarter
- NEGATIVE IMPACT
Price Dip
In the last 3 months, BHARATFORG stock has moved down by -18.8%
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 3 quarters, 4.21K Cr → 3.75K Cr (in ₹), with an average decrease of 5.6% per quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 9.58% to 9.55% in Sep 2024 quarter
Bharat Forge Ltd Financials
Index Inclusions
Bharat Forge Ltd Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 45.25% | 0.00 | |
| Foreign Institutions | 18.72% | 9.92 | |
| Mutual Funds | 16.46% | ||
| Retail Investors | 9.55% | ||
| Others | 10.01% | 13.96 |
Bharat Forge Ltd Key Indicators
Bharat Forge Ltd Valuation
Bharat Forge Ltd in the last 5 years
Lowest (-279.83x)
June 10, 2021
Industry (40.15x)
November 22, 2024
Today (64.71x)
November 22, 2024
Highest (537.31x)
February 28, 2018
Bharat Forge Ltd Earnings and Dividends
Bharat Forge Ltd Earnings Results
Bharat Forge Ltd’s net profit jumped 7.2% since last year same period to ₹243.59Cr in the Q2 2024-2025. On a quarterly growth basis, Bharat Forge Ltd has generated 20.11% jump 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 0.68%.
Read More about Dividends
Bharat Forge Ltd Technicals Summary
Bearish
Neutral
Bullish
Bharat Forge Ltd is currently in a Bearish trading position according to technical analysis indicators.
FAQs on Bharat Forge Ltd
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Bharat Forge Ltd (BHARATFORG) share price today is ₹1316.15
Bharat Forge Ltd is listed on NSE
Bharat Forge Ltd is listed on BSE
- Today’s highest price of Bharat Forge Ltd is ₹1326.7.
- Today’s lowest price of Bharat Forge Ltd is ₹1296.35.
PE Ratio of Bharat Forge Ltd is 64.71
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 3.25L.
Today’s market capitalisation of Bharat Forge Ltd(BHARATFORG) is ₹60349.6Cr.
| Bharat Forge Ltd(BHARATFORG | Price |
|---|---|
52 Week High | ₹1804.5 |
52 Week Low | ₹1056.3 |
Bharat Forge Ltd(BHARATFORG) share price is ₹1316.15. It is down -27.06% from its 52 Week High price of ₹1804.5
Bharat Forge Ltd(BHARATFORG) share price is ₹1316.15. It is up 24.60% from its 52 Week Low price of ₹1056.3
| Bharat Forge Ltd(BHARATFORG | Returns |
|---|---|
1 Day Returns | 19.95% |
1 Month Returns | -6.32% |
3 Month Returns | -18.77% |
1 Year Returns | 20.27% |