Bharat Forge Ltd (BHARATFORG) AI Stock Analysis

• Market Cap: ₹564.62B
• Dividend Yield: 0.72%
• Average Volume (3M): 50.66K
• Price to Earnings (P/E): 54.7
• Beta (1Y): 1.32
• Revenue Growth: -6.19%
• EPS Growth: 8.09%
• Country: IN
• Employees: 3,778
• Sector: Industrials
• Sector Strength: 72
• Industry: Auto - Parts
• EPS (TTM): 6.10
• Shares Outstanding: 478,088,620
• 10 Day Avg. Volume: 42,493
• 30 Day Avg. Volume: 50,663
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,148.00
• Price Target Upside: -2.79% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 6

• Rating: 58 Neutral
• Price Target: ₹1,228.00 ▲(3.98% Upside)

Bharat Forge Ltd's overall stock score is primarily influenced by its solid financial performance, despite concerns over rising debt and high capital expenditures. Technical analysis indicates bearish momentum, and valuation metrics suggest potential overvaluation.

Bharat Forge Ltd Business Overview & Revenue Model

Company Description

Bharat Forge Limited manufactures and sells forged and machined components in India and internationally. It operates in two segments, Forgings and Others. The company offers automotive components, including crankshafts, connecting rods, emission/after treatment, fuel injection systems, chassis, and transmission and driveline components; and power generation components for thermal, hydro, and wind energy. It also provides oil and gas forging products, such as subsea, surface, and drilling components; rail products comprising engine and bogie components, turbochargers, and power electronics; and marine products that include crankshafts, rubber, connecting rods, and propeller shafts. In addition, the company offers various components for the aviation sector, such as fan blades, compressors, turbines, aero structures, and landing gear components; construction and mining products, including track links, front spindles, machined crankshafts, and injector bodies; and electric power-train products, such as full powertrain solutions, systems and sub systems, and parts for powertrain. Further, it designs engineering and product development solutions. The company was incorporated in 1961 and is headquartered in Pune, India.

How the Company Makes Money

Bharat Forge Ltd generates revenue primarily through the manufacturing and sale of forged and machined components. The company's revenue streams are diversified across several sectors, with a significant portion coming from the automotive industry, including passenger vehicles, commercial vehicles, and industrial applications. In addition to the automotive sector, Bharat Forge supplies components to the aerospace, oil and gas, power, and construction industries. The company leverages its advanced R&D capabilities and strategic partnerships to innovate and enhance its product offerings, thereby maintaining competitive advantage. Revenues are also bolstered by the company's expansion into new markets and sectors, as well as its focus on cost efficiency and operational excellence.

Bharat Forge Ltd Financial Statement Overview

Summary

Bharat Forge Ltd demonstrates solid financial performance with consistent revenue growth and strong profitability margins. The balance sheet remains stable with a manageable Debt-to-Equity Ratio, although rising debt levels could pose future risks. Cash flow generation is positive, but high capital expenditures may affect liquidity.

Income Statement

Bharat Forge Ltd has demonstrated consistent revenue growth, with a notable increase in Total Revenue from FY 2022 to FY 2023. The Gross Profit Margin and Net Profit Margin are strong, indicating healthy profitability. However, EBIT and EBITDA margins suggest room for operational efficiency improvements.

Balance Sheet

The company's Debt-to-Equity Ratio is manageable, reflecting a balanced approach to leverage. Return on Equity indicates efficient use of equity, although there's a slight decline from previous years. The Equity Ratio shows a stable capital structure, but the rising Total Debt warrants attention.

Cash Flow

Operating Cash Flow is strong, and the Free Cash Flow to Net Income ratio is positive, demonstrating adequate cash generation. However, volatile Free Cash Flow growth and high capital expenditures highlight potential liquidity risks.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	151.23B	151.23B	151.23B	129.10B	104.61B	60.79B
Gross Profit	85.28B	85.28B	65.40B	59.65B	47.68B	24.64B
EBITDA	27.48B	27.47B	27.45B	18.28B	22.96B	6.77B
Net Income	9.13B	9.41B	9.51B	5.28B	10.82B	-1.26B
Balance Sheet
Total Assets	200.88B	200.88B	193.49B	183.84B	156.09B	131.78B
Cash, Cash Equivalents and Short-Term Investments	27.48B	27.48B	27.02B	20.84B	25.04B	25.43B
Total Debt	66.98B	66.98B	79.48B	73.13B	59.72B	52.71B
Total Liabilities	108.68B	108.68B	121.84B	116.43B	89.82B	77.31B
Stockholders Equity	92.53B	92.53B	71.70B	67.06B	65.71B	54.15B
Cash Flow
Free Cash Flow	0.00	3.46B	1.40B	2.98B	-5.62B	1.06B
Operating Cash Flow	0.00	17.96B	16.64B	12.94B	5.06B	10.20B
Investing Cash Flow	0.00	-19.64B	-6.67B	-16.71B	-6.90B	-15.11B
Financing Cash Flow	0.00	-5.70B	-2.03B	2.80B	3.10B	5.78B

Bharat Forge Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1181.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHARATFORG, the sentiment is Negative. The current price of 1181 is below the 20-day moving average (MA) of 1204.70, below the 50-day MA of 1185.38, and below the 200-day MA of 1189.22, indicating a bearish trend. The MACD of 13.31 indicates Positive momentum. The RSI at 44.03 is Neutral, neither overbought nor oversold. The STOCH value of 2.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BHARATFORG.

Bharat Forge Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SCHAEFFLER	70 Outperform	₹624.29B	61.66	17.60%	0.70%	13.90%	11.56%
MRF	68 Neutral	₹630.23B	35.04	10.11%	0.16%	10.44%	-12.83%
BALKRISIND	68 Neutral	₹454.91B	31.30	15.93%	0.85%	5.73%	-10.82%
TIINDIA	67 Neutral	₹605.60B	93.76	12.17%	0.11%	14.94%	-46.62%
SONACOMS	66 Neutral	₹253.13B	42.86	10.94%	0.79%	5.20%	1.76%
BHARATFORG	58 Neutral	₹564.62B	54.67	―	0.72%	-6.19%	8.09%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%