Bharat Forge Limited
Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments
Key metrics
Price as of 2026-07-17
Stock price
₹2190.50
Market cap
1,04,735 Cr
Stock P/E
94.8
P/B
10.96
Dividend yield
0.4%
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,877 Cr | 7,651 Cr | 11,518 Cr | 15,682 Cr | 4,106 Cr | 7,795 Cr | 3,476 Cr | 3,853 Cr | 3,909 Cr | 4,032 Cr | 4,343 Cr | 4,528 Cr |
| Operating expenses (approx.) | 3,218 Cr | 6,320 Cr | 9,433 Cr | 12,909 Cr | 3,465 Cr | 6,445 Cr | 2,851 Cr | 3,114 Cr | 3,186 Cr | 3,253 Cr | 3,649 Cr | 3,796 Cr |
| EBITDA | 660 Cr | 1,331 Cr | 2,085 Cr | 2,773 Cr | 641 Cr | 1,350 Cr | 624 Cr | 738 Cr | 723 Cr | 779 Cr | 694 Cr | 732 Cr |
| OPM % | 17.0% | 17.4% | 18.1% | 17.7% | 15.6% | 17.3% | 18.0% | 19.2% | 18.5% | 19.3% | 16.0% | 16.2% |
| Other income | 64 Cr | 117 Cr | 173 Cr | 227 Cr | 52 Cr | 113 Cr | 38 Cr | 62 Cr | 50 Cr | 54 Cr | 42 Cr | 53 Cr |
| Interest | 114 Cr | 239 Cr | 376 Cr | 491 Cr | 124 Cr | 234 Cr | 96 Cr | 88 Cr | 82 Cr | 80 Cr | 77 Cr | 84 Cr |
| Depreciation | 206 Cr | 417 Cr | 641 Cr | 848 Cr | 218 Cr | 432 Cr | 218 Cr | 224 Cr | 226 Cr | 241 Cr | 249 Cr | 255 Cr |
| Profit before tax | 339 Cr | 675 Cr | 1,068 Cr | 1,434 Cr | 299 Cr | 685 Cr | 349 Cr | 426 Cr | 414 Cr | 458 Cr | 411 Cr | 393 Cr |
| Tax % | 37.7% | 37.0% | 36.5% | 36.9% | 41.8% | 39.0% | 38.5% | 33.2% | 30.7% | 34.4% | 32.7% | 40.4% |
| Net profit | 214 Cr | 429 Cr | 683 Cr | 910 Cr | 175 Cr | 418 Cr | 213 Cr | 283 Cr | 284 Cr | 299 Cr | 273 Cr | 233 Cr |
| EPS (₹) | ₹4.80 | ₹9.68 | ₹15.36 | ₹20.43 | ₹4.36 | ₹9.59 | ₹4.54 | ₹5.92 | ₹5.93 | ₹6.26 | ₹5.53 | ₹4.86 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 10,146 Cr | 8,056 Cr | 6,336 Cr | 10,461 Cr | 15,682 Cr | 15,123 Cr | 16,812 Cr | Sign in for TTM |
| Operating expenses (approx.) | 8,090 Cr | 6,832 Cr | 5,612 Cr | 8,157 Cr | 13,136 Cr | 12,372 Cr | 13,841 Cr | Sign in for TTM |
| EBITDA | 2,056 Cr | 1,224 Cr | 724 Cr | 2,304 Cr | 2,546 Cr | 2,751 Cr | 2,971 Cr | Sign in for TTM |
| OPM % | 20.3% | 15.2% | 11.4% | 22.0% | 16.2% | 18.2% | 17.7% | Sign in for TTM |
| Other income | 203 Cr | 188 Cr | 169 Cr | 196 Cr | 227 Cr | 214 Cr | 199 Cr | Sign in for TTM |
| Interest | 127 Cr | 171 Cr | 108 Cr | 160 Cr | 491 Cr | 417 Cr | 323 Cr | Sign in for TTM |
| Depreciation | 521 Cr | 548 Cr | 612 Cr | 730 Cr | 848 Cr | 874 Cr | 971 Cr | Sign in for TTM |
| Profit before tax | 1,610 Cr | 505 Cr | 5 Cr | 1,414 Cr | 1,434 Cr | 1,460 Cr | 1,677 Cr | Sign in for TTM |
| Tax % | 35.2% | 22.3% | 2245.8% | 21.5% | 36.9% | 37.2% | 34.5% | Sign in for TTM |
| Net profit | 1,033 Cr | 349 Cr | -127 Cr | 1,077 Cr | 910 Cr | 913 Cr | 1,089 Cr | Sign in for TTM |
| EPS (₹) | ₹22.17 | ₹7.51 | ₹-2.71 | ₹23.23 | ₹20.43 | ₹20.05 | ₹22.58 | Sign in for TTM |
| Dividend payout % | — | — | — | 15.2% | 41.8% | 46.2% | 34.8% | Sign in for TTM |
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Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity capital | 93 Cr | 93 Cr | 93 Cr | 93 Cr | 93 Cr | 96 Cr | 96 Cr |
| Reserves | 5,313 Cr | 0.0000 Cr | 0.0000 Cr | 6,534 Cr | 7,072 Cr | 9,158 Cr | 9,484 Cr |
| Borrowings | 3,773 Cr | — | — | — | 7,522 Cr | 4,969 Cr | 5,062 Cr |
| Other liabilities | 2,463 Cr | — | 13,085 Cr | 8,982 Cr | 4,662 Cr | 5,899 Cr | 7,641 Cr |
| Total liabilities | 11,642 Cr | — | 13,178 Cr | 15,609 Cr | 19,349 Cr | 20,088 Cr | 22,260 Cr |
| Fixed assets (net) | 3,561 Cr | — | — | — | 5,468 Cr | 5,847 Cr | 7,258 Cr |
| CWIP | 831 Cr | — | — | — | 977 Cr | 1,725 Cr | 1,251 Cr |
| Investments | 1,524 Cr | — | — | — | 1,785 Cr | 1,972 Cr | 1,677 Cr |
| Other assets | 5,542 Cr | — | — | — | 10,036 Cr | 10,249 Cr | 11,220 Cr |
| Total assets | 11,642 Cr | — | 13,178 Cr | 15,609 Cr | 19,349 Cr | 20,088 Cr | 22,260 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 506 Cr | 1,664 Cr | 1,796 Cr | 1,487 Cr |
| Cash from investing | — | — | — | -690 Cr | -667 Cr | -1,964 Cr | -1,033 Cr |
| Cash from financing | — | — | — | 310 Cr | -203 Cr | -570 Cr | -442 Cr |
| Net cash flow | — | — | — | 111 Cr | 807 Cr | -694 Cr | 227 Cr |
| Free cash flow (OCF − Capex) | — | — | — | -562 Cr | 140 Cr | 346 Cr | 346 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| ROCE % | 16.7% | 725.8% | 120.5% | 23.8% | 11.6% | 13.2% | 13.7% |
| ROE % | 18.6% | 375.7% | 210.1% | 16.3% | 13.3% | 10.2% | 11.3% |
| Debtor days | 77 | — | — | — | 74 | — | — |
| Inventory days | 158 | — | — | — | 164 | 202 | 190 |
| Days payable | 117 | — | — | — | 116 | — | — |
| Cash conversion cycle | 118 | — | — | — | 122 | 202 | 190 |
| Debt / equity | 0.70 | — | 0.00 | — | 1.05 | 0.54 | 0.53 |
| Current ratio | 1.35 | — | — | — | 1.08 | 1.18 | 1.17 |
| Net debt / EBITDA | 1.70 | 0.00 | 0.00 | 0.00 | 2.44 | 1.58 | 1.42 |
Compare with peers
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