Bharat Forge Limited

Web: bharatforge.com NSE: BHARATFORG BSE: 500493 SECTOR: Automobile and Auto Components - Auto Components | Add Note | View Notes

1962 19(-1%)

Volume

19L as on 03, Sep

Open

2,046

High

2,046

Low

2,015

1,981

VWAP

1,997

52 Week High

2,295

52 Week Low

1,105

Viand Research Rating

Quality Score

13/100

Growth Score

10/100

Valuation Score

50/100

Momentum Score

25/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

93,792

No. of Shares

47.8

P/E

48.55

P/B

7.84

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

16.14

ROCE

Profit Growth

Listing Date

04-Apr-03

Promoter Holding

44.07%

FII Holding

15.04%

DII Holding

32.18%

Price Chart

Price Performance

1 Week3%

1 Month10%

3 Months2%

6 Months5%

1 Year75%

YTD35%

Moving Average

5 Day SMA2,042

10 Day SMA2,042

20 Day SMA2,069

30 Day SMA2,108

50 Day SMA2,122

61 Day SMA2,106

80 Day SMA2,061

200 Day SMA1,799

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	2,090	2,043	2,068	2,085
Resistance 2	2,068	2,039	2,053	2,065
Resistance 1	2,050	2,035	2,043	2,045
Pivot Point	2,028	2,032	2,028	2,026
Support 1	2,010	2,028	2,013	2,005
Support 2	1,988	2,024	2,003	1,986
Support 3	1,970	2,021	1,988	1,965

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	MARUTI	3,99,008	12694	4%	9%	11%	12%	29	50.8	0	14680
2	M&M	3,93,950	3170	5%	8%	6%	10%	22	50.8	1.47	18622
3	BAJAJ-AUTO	3,27,978	11919	2%	1%	22%	31%	28	50.8	0.58	10574
4	EICHERMOT	2,08,650	7630	5%	4%	2%	20%	42	50.8	0.02	5515
5	TVSMOTOR	1,96,639	4139	5%	4%	10%	22%	244	50.8	3.43	3186
6	HYUNDAI	1,79,100	2204	4%	2%	0%	13%	29	50.8	0.05	5432
7	MOTHERSON	1,69,360	160	2%	5%	26%	72%	42	50.8	0.47	4086
8	TATAMOTORS	1,49,439	383	10%	2%	1%	13%	7	50.8	0.71	82645
9	BOSCHLTD	1,38,056	46805	4%	14%	33%	15%	43	50.8	0.01	2773
10	TMPV	1,15,080	312	1%	11%	16%	25%	51	50.8	0.71	82645
Load More

Shareholding Pattern (%)

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 44.07%	(0.01) 44.07%	(0.01) 44.07%	(0.01) 44.07%	(0.01) 44.07%	(0.01) 44.07%	(-1.21) 44.07%	(0.01) 45.26%	(0.01) 45.26%	(0.01) 45.26%	(0.01) 45.26%	(0.01) 45.26%	(0.01) 45.26%	(0.01) 45.26%	(0.01) 45.26%	(0.01) 45.26%	(0.01) 45.25%	(0.01) 45.25%	(0.01) 45.25%	(0.01) 45.25%
FIIs	(0.91) 15.04%	(1.81) 14.15%	(-1.21) 12.40%	(-0.81) 13.62%	(-1.71) 14.37%	(-1.81) 16.08%	(-0.81) 17.87%	(1.71) 18.72%	(0.61) 17.04%	(-0.11) 16.48%	(0.31) 16.60%	(0.51) 16.28%	(-0.41) 15.79%	(-1.71) 16.17%	(-1.41) 17.88%	(0.51) 19.30%	(-1.01) 18.82%	(-3.61) 19.80%	(-1.71) 23.36%	(0.01) 25.10%
DIIs	(-0.41) 32.18%	(-1.51) 32.62%	(2.01) 34.08%	(0.81) 32.11%	(1.11) 31.26%	(1.91) 30.20%	(2.01) 28.35%	(-1.61) 26.32%	(-0.11) 27.96%	(0.31) 28.06%	(-0.21) 27.74%	(-0.71) 27.95%	(0.91) 28.61%	(1.61) 27.70%	(1.51) 26.09%	(0.21) 24.55%	(0.81) 24.33%	(3.51) 23.55%	(4.41) 20.02%	(0.01) 15.67%
Government	0.15%	0.15%	0.15%	0.15%	0.15%	0.15%	0.15%	0.16%	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	0.16%	0.16%	0.16%	0.16%	0.16%
Public	8.54%	9.00%	9.29%	10.05%	10.15%	9.49%	9.55%	9.55%	9.58%	10.04%	10.22%	10.35%	10.17%	10.70%	10.60%	10.72%	11.44%	11.23%	11.20%	13.81%
No. of Shareholders	232,361	228,156	227,160	249,520	242,732	214,725	207,810	199,721	182,988	189,104	179,683	169,954	156,686	162,105	155,734	158,845	156,445	153,718	151,059	141,346

Quarterly Results

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	4640	4528	4343	4032	3909	3853	3476	3689	4106	4164	3866	3774	3877	3629	3353	3076	2851	3573	2395	2386	2108
Sales Growth % (YoY)	18.7%	17.5%	25%	9.3%	-4.8%	-7.5%	-10.1%	-2.3%	5.9%	14.8%	15.3%	22.7%	36%	1.6%	40%	29%	35.3%	71.6%	39%	73.4%	82.6%
Sales Growth % (QoQ)	2.5%	4.3%	7.7%	3.1%	1.5%	10.8%	-5.8%	-10.2%	-1.4%	7.7%	2.4%	-2.7%	6.8%	8.2%	9%	7.9%	-20.2%	49.2%	0.4%	13.2%	-
Expenses	3942	3751	3597	3308	3239	3174	2853	3042	3365	3521	3169	3153	3282	3191	2914	2645	2426	3030	1895	1886	1667
Operating Profit	698	777	746	724	670	679	623	647	741	643	698	621	595	438	439	432	425	543	499	499	441
OPM %	15	17	17	18	17	18	18	18	18	15	18	16	15	12	13	14	15	15	21	21	21
Other Income	-301	-46	-13	54	50	57	38	62	-99	45	58	51	67	17	37	44	30	70	201	38	-21
Interest	90	84	77	80	82	88	96	110	124	116	137	124	114	97	109	53	40	63	24	23	50
Depreciation	263	255	249	241	226	224	218	213	218	207	224	211	206	181	186	188	181	214	176	174	167
Profit before tax	44	392	407	457	411	424	347	385	300	366	395	337	341	177	181	235	235	337	500	341	203
Tax %	302	40	33	34	31	33	39	37	42	38	36	36	37	28	56	40	32	31	16	21	25
Net Profit	-90	233	273	299	284	283	213	243	175	227	254	215	214	128	79	142	160	232	422	270	153
Net Profit Growth % (QoQ)	-138.6%	-14.7%	-8.7%	5.3%	0.4%	32.9%	-12.3%	38.9%	-22.9%	-10.6%	18.1%	0.5%	67.2%	62%	-44.4%	-11.2%	-31%	-45%	56.3%	76.5%	-
Net Profit Growth % (YoY)	-131.7%	-17.7%	28.2%	23%	62.3%	24.7%	-16.1%	13%	-18.2%	77.3%	221.5%	51.4%	33.8%	-44.8%	-81.3%	-47.4%	4.6%	-	-	-	-
TTM Net Profit	715	1089	1139	1079	1023	914	858	899	871	910	811	636	563	509	613	956	1084	1077	845	423	0
EPS in Rs	-1.88	4.86	5.53	6.26	5.93	5.9	4.45	5.23	4.36	5.07	5.68	4.88	4.8	2.91	1.77	3.13	3.53	5.06	9.05	5.82	3.3

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Sales	16812	15123	15682	12910	10461	6336	8056	10146	8358	6396	6809	7622	6704	5167
Sales Growth %	11.2%	-3.6%	21.5%	23.4%	65.1%	-21.4%	-20.6%	21.4%	30.7%	-6.1%	-10.7%	13.7%	29.8%	-17.7%
Expenses	13894	12431	13121	11174	8478	5504	6984	8098	6635	5276	5397	6232	5783	4419
Operating Profit	2917	2692	2562	1737	1983	832	1072	2048	1723	1121	1413	1390	921	748
OPM %	17	18	16	13	19	13	13	20	21	18	21	18	14	14
Other Income	44	55	217	124	288	-138	109	199	46	391	148	226	298	94
Interest	323	417	491	299	160	108	171	127	107	100	116	136	169	167
Depreciation	971	874	848	736	730	612	548	521	467	452	453	362	357	320
Profit before tax	1667	1456	1439	827	1381	-25	462	1599	1196	960	992	1118	693	355
Tax %	35	37	37	39	22	399	24	35	37	26	32	32	30	43
Net Profit	1089	913	910	508	1077	-127	349	1033	754	711	675	760	482	202
Net Profit Growth %	19.3%	0.3%	79.1%	-52.8%	948%	-136.4%	-66.2%	37%	6%	5.3%	-11.2%	57.7%	138.6%	-
EPS in Rs	22.58	19.69	20.43	11.35	23.23	-2.71	7.51	22.17	16.38	15.13	14.57	16.38	10.71	5.32
Dividend Payout %	38	43	44	62	30	-74	47	23	27	25	26	23	21	32

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Cash from Operating Activity	1487	1796	1664	1294	506	1020	1522	911	967	1052	1356	1035	716	735
Cash from Investing Activity	-1038	-1964	-665	-1666	-690	-1511	-1114	-1196	-722	-737	-888	-467	-244	-232
Cash from Financing Activity	-442	-570	-203	280	310	578	-381	368	-314	-401	-448	-360	-640	-330
Net Cash Flow	6	-738	796	-91	126	87	26	83	-69	-86	19	208	-168	173

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Equity Capital	96	96	96	93	93	93	93	93	93	93	93	47	47	47	47	47
Reserves	9484	9265	9158	7184	7077	6612	6478	5322	5127	5283	4559	4070	3367	3398	2637	2210
Borrowings	7309	6658	6698	7740	7948	7313	5972	5271	4469	4029	3257	3124	3375	2546	2561	2784
Other Liabilities	5350	4709	4017	3976	4066	4216	2950	2402	1793	2173	2068	1600	1504	2245	2290	2554
Total Liabilities	22238	20728	19968	18993	19184	18235	15492	13088	11482	11578	9977	8841	8292	8236	7534	7595
Fixed Assets	8215	7273	6627	6100	6309	6161	4870	4750	4002	3625	3500	3277	3134	2629	2534	2910
CWIP	1298	1880	1732	1806	991	701	1125	900	1143	831	344	453	409	870	583	632
Investments	1738	1731	2063	1699	1849	2569	2604	2607	1618	1524	1501	1192	886	496	801	416
Other Assets	10987	9843	9547	9388	10034	8804	6893	4831	4720	5599	4632	3919	3863	4242	3617	3636
Total Assets	22238	20728	19968	18993	19184	18235	15492	13088	11482	11578	9977	8841	8292	8236	7534	7595

Delivery

Delivery Data: BHARATFORG

#	Date	1951 18% 2295	Value (Cr)	Q/T 30	Del 52	Del 559
1	4-Sep	1956	301	17	53	160
2	3-Sep	1981	383	48	53	203
3	2-Sep	2032	271	41	72	195
4	1-Sep	2052	200	31	63	126
5	31-Aug	2105	160	34	73	118
6	28-Aug	2038	74	15	45	33
7	27-Aug	2050	298	36	62	185
8	26-Aug	2005	92	20	52	48
9	25-Aug	2052	114	23	58	66
10	24-Aug	2041	203	29	62	125
11	21-Aug	2063	180	22	46	83
12	20-Aug	2062	86	24	52	45
13	19-Aug	2069	261	28	63	164
14	18-Aug	2099	161	39	59	96
15	17-Aug	2093	241	21	59	144
16	14-Aug	2065	166	15	58	97
17	13-Aug	2088	225	30	56	125
18	12-Aug	2082	409	26	60	246
19	11-Aug	2051	825	22	46	382
20	10-Aug	2093	1085	28	30	325
21	7-Aug	2265	258	25	51	131
22	6-Aug	2210	198	25	51	101
23	5-Aug	2197	164	24	48	79
24	4-Aug	2195	153	24	59	91
25	3-Aug	2211	132	18	48	63
26	31-Jul	2200	209	20	53	111
27	30-Jul	2165	69	12	42	29
28	29-Jul	2172	149	29	54	80
29	28-Jul	2163	159	26	53	84
30	27-Jul	2181	153	25	55	85
31	24-Jul	2152	136	22	48	66
32	23-Jul	2175	166	24	52	86
33	22-Jul	2186	175	27	51	89
34	21-Jul	2202	158	26	55	87
35	20-Jul	2209	190	21	38	72
36	17-Jul	2190	420	28	41	170
37	16-Jul	2105	175	27	51	89
38	15-Jul	2100	152	21	61	92
39	14-Jul	2120	120	18	40	48
40	13-Jul	2146	134	18	46	62
41	10-Jul	2117	105	14	50	52
42	9-Jul	2131	124	21	48	60
43	8-Jul	2100	182	15	48	88
44	7-Jul	2112	163	22	59	96
45	6-Jul	2139	139	19	53	74
46	3-Jul	2137	116	17	50	57
47	2-Jul	2149	165	18	52	85
48	1-Jul	2109	237	18	52	123
49	30-Jun	2144	455	23	42	193
50	29-Jun	2171	1615	34	67	1088

Daily Market Cap

Date	Total Market Cap	Change	Chg %
04-Sep	93,792c	1,415c	1.49
03-Sep	95,207c	3,002c	3.06
01-Sep	98,209c	1,195c	1.23
31-Aug	97,014c	167c	0.17
26-Aug	96,847c	464c	0.48
25-Aug	97,310c	253c	0.26
24-Aug	97,564c	411c	0.42
21-Aug	97,153c	1,750c	1.77
19-Aug	98,902c	1,429c	1.42
18-Aug	1,00,331c	282c	0.28
17-Aug	1,00,049c	1,339c	1.36
14-Aug	98,711c	932c	0.94
13-Aug	99,643c	143c	0.14
12-Aug	99,500c	9,709c	8.89
10-Aug	1,09,208c	4,159c	3.96
06-Aug	1,05,049c	124c	0.12
04-Aug	1,04,925c	167c	0.16
03-Aug	1,05,092c	311c	0.29
31-Jul	1,05,403c	2,964c	2.89
30-Jul	1,02,439c	813c	0.79
29-Jul	1,03,252c	402c	0.39
28-Jul	1,03,654c	794c	0.76
27-Jul	1,04,447c	0	0

Stock Checklist

Price is above from 52 week high low average: 72%

Stock is trading above all short term SMAs: NO

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: YES

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 416 fund scheme(s) across 37 fund house(s) as of Aug26 · Total value ₹40,917 Cr · 252 increasing / 73 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
HDFC Mutual Fund	28	1.38%	+0.07%	8236.3
Kotak Mahindra Mutual Fund	28	1.25%	+0.02%	6276.7
SBI Mutual Fund	18	1.62%	-0.31%	4708.9
Mirae Asset Mutual Fund	16	1.74%	-0.64%	3414.7
Nippon India Mutual Fund	18	2.16%	+0.20%	2779.5
Aditya Birla Sun Life Mutual Fund	28	1.20%	+0.12%	2734.7
Axis Mutual Fund	20	1.63%	+1.40%	2130
DSP Mutual Fund	12	1.55%	+0.16%	1849.1
Motilal Oswal Mutual Fund	12	6.52%	-0.78%	1818
ICICI Prudential Mutual Fund	24	0.34%	+0.01%	1181.3
HSBC Mutual Fund	4	2.53%	+1.80%	1095.9
Tata Mutual Fund	24	1.55%	+0.77%	1003.5
Edelweiss Mutual Fund	16	1.07%	+0.81%	928.7
UTI Mutual Fund	18	0.93%	+2.77%	772.3
LIC Mutual Fund	18	2.20%	+0.73%	397.2
Invesco Mutual Fund	4	0.46%	+1.37%	344.5
JM Financial Mutual Fund	6	2.08%	-0.01%	293.5
PGIM India Mutual Fund	10	1.15%	+0.12%	289.1
Bank of India Mutual Fund	7	1.49%	+0.07%	195.8
Baroda BNP Paribas Mutual Fund	10	1.88%	+0.16%	152.7
Bandhan Mutual Fund	18	0.56%	+2.03%	135.9
ITI Mutual Fund	8	1.18%	-0.01%	89.3
Union Mutual Fund	6	1.73%	+1.17%	86.1
Samco Mutual Fund	14	1.52%	-	55.1
Trust Mutual Fund	8	1.31%	-0.04%	53
Capitalmind Mutual Fund	2	3.36%	+2.16%	30.3
Sundaram Mutual Fund	2	1.42%	-0.97%	25.6
Mahindra Manulife Mutual Fund	2	1.31%	-	17.8
Groww Mutual Fund	10	0.80%	+0.28%	14
Navi Mutual Fund	8	1.33%	+0.11%	13.4
Zerodha Mutual Fund	4	0.70%	-	13.1
Franklin Templeton Mutual Fund	2	0.96%	-0.01%	11.6
Jio BlackRock Mutual Fund	2	0.98%	+0.11%	4.4
The Wealth Company Mutual Fund	2	1.47%	+1.48%	2.8
Angel One Mutual Fund	2	0.27%	+0.04%	0.3
WhiteOak Capital Mutual Fund	2	0.00%	-0.60%	0
ICICI Prudential Asset Management Company Limited	3	-0.13%	-	-238

Bharat Forge Limited

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