Bharat Forge Limited

Web: bharatforge.com NSE: BHARATFORG BSE: 500493 SECTOR: Automobile and Auto Components - Auto Components

2177 8(0%)

Near 52W High of 2238

Volume

8L as on 22, Jul

Open

2,114

High

2,135

Low

2,056

2,186

VWAP

2,193

52 Week High

2,238

52 Week Low

1,100

Viand Research Rating

Quality Score

28/100

Growth Score

25/100

Valuation Score

50/100

Momentum Score

70/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

1,04,065

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

14.15%

DII Holding

32.62%

Price Chart

Price Performance

1 Week4%

1 Month4%

3 Months15%

6 Months53%

1 Year79%

YTD49%

Moving Average

5 Day SMA2,178

10 Day SMA2,150

20 Day SMA2,142

30 Day SMA2,102

50 Day SMA2,028

61 Day SMA2,007

80 Day SMA1,951

200 Day SMA1,670

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	2,257	2,212	2,240	2,243
Resistance 2	2,240	2,208	2,226	2,233
Resistance 1	2,221	2,205	2,218	2,206
Pivot Point	2,204	2,202	2,204	2,196
Support 1	2,185	2,198	2,190	2,170
Support 2	2,168	2,195	2,181	2,160
Support 3	2,148	2,192	2,168	2,133

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	MARUTI	4,21,488	13406	0%	1%	14%	7%	29	50.8	0	14680
2	M&M	4,01,660	3230	3%	4%	11%	3%	22	50.8	1.44	18622
3	BAJAJ-AUTO	3,15,246	11279	7%	8%	17%	31%	28	50.8	0.58	10574
4	EICHERMOT	2,11,857	7718	3%	0%	8%	40%	42	50.8	0.02	5515
5	TVSMOTOR	1,85,807	3911	8%	12%	9%	39%	244	50.8	3.43	3186
6	HYUNDAI	1,58,803	1954	3%	2%	15%	8%	29	50.8	0.05	5432
7	MOTHERSON	1,54,141	146	1%	2%	29%	45%	42	50.8	0.47	4086
8	TATAMOTORS	1,49,439	383	10%	2%	1%	13%	7	50.8	0.71	82645
9	BOSCHLTD	1,24,621	42250	0%	3%	16%	9%	43	50.8	0.01	2773
10	TMPV	1,19,416	324	2%	9%	6%	22%	51	50.8	0.71	82645
Load More

Shareholding Pattern (%)

	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%	(-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	(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	(-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%	0.16%	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	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	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

	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	4528	4343	4032	3909	3853	3476	3689	4106	4164	3866	3774	3877	3629	3353	3076	2851	3573	2395	2386	2108
Sales Growth % (YoY)	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)	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	3751	3597	3308	3239	3174	2853	3042	3365	3521	3169	3153	3282	3191	2914	2645	2426	3030	1895	1886	1667
Operating Profit	777	746	724	670	679	623	647	741	643	698	621	595	438	439	432	425	543	499	499	441
OPM %	17	17	18	17	18	18	18	18	15	18	16	15	12	13	14	15	15	21	21	21
Other Income	-46	-13	54	50	57	38	62	-99	45	58	51	67	17	37	44	30	70	201	38	-21
Interest	84	77	80	82	88	96	110	124	116	137	124	114	97	109	53	40	63	24	23	50
Depreciation	255	249	241	226	224	218	213	218	207	224	211	206	181	186	188	181	214	176	174	167
Profit before tax	392	407	457	411	424	347	385	300	366	395	337	341	177	181	235	235	337	500	341	203
Tax %	40	33	34	31	33	39	37	42	38	36	36	37	28	56	40	32	31	16	21	25
Net Profit	233	273	299	284	283	213	243	175	227	254	215	214	128	79	142	160	232	422	270	153
Net Profit Growth % (QoQ)	-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)	-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	1089	1139	1079	1023	914	858	899	871	910	811	636	563	509	613	956	1084	1077	845	423	0
EPS in Rs	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 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	1796	1664	1294	506	1020	1522	911	967	1052	1356	1035	716	735
Cash from Investing Activity	-1964	-665	-1666	-690	-1511	-1114	-1196	-722	-737	-888	-467	-244	-232
Cash from Financing Activity	-570	-203	280	310	578	-381	368	-314	-401	-448	-360	-640	-330
Net Cash Flow	-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	5372	4709	4017	3976	4066	4216	2950	2402	1793	2173	2068	1600	1504	2245	2290	2554
Total Liabilities	22260	20728	19968	18993	19184	18235	15492	13088	11482	11578	9977	8841	8292	8236	7534	7595
Fixed Assets	8262	7273	6627	6100	6309	6161	4870	4750	4002	3625	3500	3277	3134	2629	2534	2910
CWIP	1251	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	11008	9843	9547	9388	10034	8804	6893	4831	4720	5599	4632	3919	3863	4242	3617	3636
Total Assets	22260	20728	19968	18993	19184	18235	15492	13088	11482	11578	9977	8841	8292	8236	7534	7595

OI Chart

Price

Delivery

#	Date	1828 22% 2238	Value (Cr)	Q/T 32	Del 52	Del 557
1	22-Jul	2186	175	27	51	89
2	21-Jul	2202	158	26	55	87
3	20-Jul	2209	190	21	38	72
4	17-Jul	2190	420	28	41	170
5	16-Jul	2105	175	27	51	89
6	15-Jul	2100	152	21	61	92
7	14-Jul	2120	120	18	40	48
8	13-Jul	2146	134	18	46	62
9	10-Jul	2117	105	14	50	52
10	9-Jul	2131	124	21	48	60
11	8-Jul	2100	182	15	48	88
12	7-Jul	2112	163	22	59	96
13	6-Jul	2139	139	19	53	74
14	3-Jul	2137	116	17	50	57
15	2-Jul	2149	165	18	52	85
16	1-Jul	2109	237	18	52	123
17	30-Jun	2144	455	23	42	193
18	29-Jun	2171	1615	34	67	1088
19	25-Jun	2145	278	18	57	159
20	24-Jun	2123	278	19	47	131
21	23-Jun	2152	405	27	54	218
22	22-Jun	2104	384	35	43	165
23	19-Jun	2041	352	35	50	176
24	18-Jun	2020	170	22	53	90
25	17-Jun	2034	136	22	45	60
26	16-Jun	2012	187	28	51	96
27	15-Jun	2020	334	31	38	126
28	12-Jun	1945	173	21	40	69
29	11-Jun	1943	156	19	42	65
30	10-Jun	1949	371	19	44	162
31	9-Jun	1925	194	24	45	87
32	8-Jun	1893	77	13	43	33
33	5-Jun	1930	74	19	35	26
34	4-Jun	1938	264	30	50	132
35	3-Jun	1936	155	20	38	60
36	2-Jun	1903	245	29	53	129
37	1-Jun	1923	146	20	38	55
38	29-May	1957	611	50	68	413
39	27-May	1939	109	22	47	51
40	26-May	1930	195	30	48	94
41	25-May	1918	160	22	47	75
42	22-May	1898	121	22	54	65
43	21-May	1899	112	21	39	44
44	20-May	1888	179	21	43	77
45	19-May	1857	191	23	55	105
46	18-May	1891	89	16	43	38
47	15-May	1913	158	24	50	79
48	14-May	1949	234	24	49	115

Daily Market Cap

Date	Total Market Cap	Change	Chg %
23-Jul	1,04,065c	359c	0.34
22-Jul	1,04,423c	712c	0.68
21-Jul	1,05,135c	210c	0.20
17-Jul	1,04,925c	4,302c	4.28
16-Jul	1,00,623c	722c	0.71
15-Jul	1,01,345c	225c	0.22
14-Jul	1,01,569c	1,023c	1.00
13-Jul	1,02,592c	1,300c	1.28
10-Jul	1,01,292c	956c	0.94
09-Jul	1,02,248c	1,664c	1.65
08-Jul	1,00,585c	469c	0.46
07-Jul	1,01,053c	1,009c	0.99
06-Jul	1,02,062c	526c	0.52
02-Jul	1,01,536c	1,243c	1.21
30-Jun	1,02,779c	1,496c	1.48
29-Jun	1,01,283c	1,252c	1.22
26-Jun	1,02,535c	865c	0.84
25-Jun	1,03,400c	2,285c	2.26
24-Jun	1,01,115c	1,181c	1.15
23-Jun	1,02,296c	1,482c	1.47
22-Jun	1,00,814c	3,490c	3.59
19-Jun	97,325c	899c	0.93
18-Jun	96,426c	760c	0.78
17-Jun	97,186c	1,056c	1.10
16-Jun	96,130c	430c	0.45
15-Jun	96,560c	3,891c	4.20
12-Jun	92,669c	679c	0.73
11-Jun	93,348c	330c	0.35
10-Jun	93,677c	0	0

Stock Checklist

Price is above from 52 week high low average: 89%

Stock is trading above all short term SMAs: YES

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 370 fund scheme(s) across 37 fund house(s) as of Jul26 · Total value ₹37,665 Cr · 98 increasing / 26 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
HDFC Mutual Fund	28	2.77%	+0.07%	8164
Kotak Mahindra Mutual Fund	28	5.55%	+0.24%	6446.3
SBI Mutual Fund	16	5.80%	-	4888.6
Mirae Asset Mutual Fund	16	7.24%	-	3945.4
Aditya Birla Sun Life Mutual Fund	28	1.64%	-	2472.7
Nippon India Mutual Fund	18	13.71%	-	2360.9
ICICI Prudential Mutual Fund	22	2.52%	+0.16%	1800.4
DSP Mutual Fund	12	1.56%	-	1504.2
Motilal Oswal Mutual Fund	8	17.73%	-	1311.2
Axis Mutual Fund	14	1.38%	-	942.5
Tata Mutual Fund	20	2.06%	-	724.9
Edelweiss Mutual Fund	10	1.56%	-	601.7
UTI Mutual Fund	12	1.22%	-	433.1
HSBC Mutual Fund	2	1.32%	-	352.6
JM Financial Mutual Fund	6	12.32%	-	286.3
LIC Mutual Fund	16	3.55%	-	278.9
PGIM India Mutual Fund	10	1.05%	-	253.7
ICICI Prudential Asset Management Company Limited	3	0.09%	+0.13%	225
Bank of India Mutual Fund	7	1.41%	-	167.5
Baroda BNP Paribas Mutual Fund	8	2.14%	-	139.8
ITI Mutual Fund	10	1.16%	+0.11%	86.4
Samco Mutual Fund	14	34.86%	-0.04%	55.1
Trust Mutual Fund	8	1.39%	+0.40%	53
Union Mutual Fund	4	0.80%	-	46.4
Sundaram Mutual Fund	2	2.39%	-	45.3
Bandhan Mutual Fund	6	2.35%	-	25.8
Mahindra Manulife Mutual Fund	2	1.31%	+0.06%	17.8
Zerodha Mutual Fund	4	0.65%	+0.05%	12.5
Navi Mutual Fund	8	7.68%	-	11.7
Franklin Templeton Mutual Fund	4	0.97%	+0.42%	11.3
Groww Mutual Fund	12	1.33%	-	10.5
Capitalmind Mutual Fund	2	1.20%	-	8.9
Jio BlackRock Mutual Fund	2	0.78%	-	3.5
Angel One Mutual Fund	2	0.24%	-	0.2
Bajaj Finserv Mutual Fund	2	0.00%	-0.17%	0
Invesco Mutual Fund	2	0.01%	-	-6.1
WhiteOak Capital Mutual Fund	2	0.60%	+0.20%	-17.1

Bharat Forge Limited

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