Bharat Forge Ltd (IN:BHARATFORG)
:BHARATFORG
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Bharat Forge Ltd
(BHARATFORG)
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Rating:65Neutral
Price Target:
₹1,798.00
▲(<0.01% Upside)
Action:ReiteratedDate:02/25/26
The score is driven primarily by solid financial performance (healthy growth and profitability, though debt and capex/FCF volatility add risk). Technicals support the trend but overbought signals increase near-term downside risk. Valuation is the biggest headwind due to the very high P/E and low dividend yield.
Positive Factors
Consistent revenue & profitability
Sustained revenue growth and healthy gross and net margins indicate durable demand for Bharat Forge's engineered components. Over a multi-month horizon this supports predictable cash generation, pricing power with OEMs, and capacity to fund programs or investments without relying solely on external financing.
Negative Factors
Rising total debt
An increasing debt load erodes financial flexibility and increases interest cost exposure. Over several months, higher leverage constrains ability to pursue opportunistic investments or absorb demand shocks and makes the firm more sensitive to rate moves and cash‑flow variability.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue & profitability
Sustained revenue growth and healthy gross and net margins indicate durable demand for Bharat Forge's engineered components. Over a multi-month horizon this supports predictable cash generation, pricing power with OEMs, and capacity to fund programs or investments without relying solely on external financing.
Read all positive factors
Bharat Forge Ltd (BHARATFORG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹831.83B
Dividend Yield0.58%
Average Volume (3M)81.62K
Price to Earnings (P/E)66.5
Beta (1Y)1.38
Revenue Growth-3.52%
EPS Growth11.27%
CountryIN
Employees3,778
SectorIndustrials
Sector Strength72
IndustryAuto - Parts
Share Statistics
EPS (TTM)6.90
Shares Outstanding478,088,620
10 Day Avg. Volume23,447
30 Day Avg. Volume81,623
Financial Highlights & Ratios
PEG Ratio-30.80
Price to Book (P/B)5.83
Price to Sales (P/S)3.57
P/FCF Ratio155.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,991.33Price Target Upside10.76% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)37.61
Revenue Forecast (FY)₹192.57B
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/a...
How the Company Makes Money
Bharat Forge makes money primarily by manufacturing and selling forged and precision-engineered components to customers, with revenue recognized from the delivery of parts and assemblies produced to customer specifications. Its core revenue stream...
Bharat Forge Ltd Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 152.69B | 151.23B | 156.82B | 129.10B | 104.61B | 63.36B |
| Gross Profit | 83.91B | 83.08B | 80.36B | 67.48B | 60.63B | 37.02B |
| EBITDA | 27.09B | 26.46B | 25.00B | 17.29B | 19.01B | 7.71B |
| Net Income | 10.78B | 9.41B | 9.51B | 5.28B | 10.82B | -1.26B |
Balance Sheet | ||||||
| Total Assets | 207.28B | 200.88B | 193.49B | 183.84B | 156.09B | 131.78B |
| Cash, Cash Equivalents and Short-Term Investments | 22.18B | 26.56B | 27.02B | 20.84B | 25.04B | 25.43B |
| Total Debt | 66.58B | 66.98B | 79.48B | 73.13B | 59.72B | 52.71B |
| Total Liabilities | 114.00B | 108.68B | 121.84B | 116.43B | 89.82B | 77.31B |
| Stockholders Equity | 93.60B | 92.53B | 71.70B | 67.06B | 65.71B | 54.15B |
Cash Flow | ||||||
| Free Cash Flow | 4.34B | 3.46B | 1.40B | 2.98B | -5.62B | 1.06B |
| Operating Cash Flow | 9.99B | 17.96B | 16.64B | 12.94B | 5.06B | 10.20B |
| Investing Cash Flow | -716.75M | -19.64B | -6.67B | -16.71B | -6.90B | -15.11B |
| Financing Cash Flow | -8.62B | -5.70B | -2.03B | 2.80B | 3.10B | 5.78B |
Bharat Forge Ltd Technical Analysis
Positive
1797.90
Price Trends
1704.54
Positive
1565.37
Positive
1396.03
Positive
Market Momentum
-7.29
Positive
51.85
Neutral
70.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BHARATFORG, the sentiment is Positive. The current price of 1797.9 is above the 20-day moving average (MA) of 1721.59, above the 50-day MA of 1704.54, and above the 200-day MA of 1396.03, indicating a bullish trend. The MACD of -7.29 indicates Positive momentum. The RSI at 51.85 is Neutral, neither overbought nor oversold. The STOCH value of 70.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BHARATFORG.
Bharat Forge Ltd Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹344.66B | 49.42 | ― | 0.65% | 7.34% | 2.27% | |
72 Outperform | ₹610.62B | 52.70 | ― | 0.73% | 14.14% | 16.91% | |
67 Neutral | ₹579.62B | 23.43 | ― | 0.15% | 9.56% | -4.82% | |
66 Neutral | ₹429.23B | 29.33 | ― | 0.68% | 3.72% | -15.32% | |
65 Neutral | ₹831.83B | 66.47 | ― | 0.58% | -3.52% | 11.27% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ₹530.36B | 76.25 | ― | 0.13% | 14.32% | -45.74% |
* Industrials Sector Average
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Bharat Forge Ltd Corporate Events
Bharat Forge Brings Investor Into JS Auto With Rs 300 Crore Stake Sale
Mar 16, 2026
Bharat Forge has announced that its step-down subsidiary, JS Auto Cast Foundry India, has completed a transaction with PI Opportunities Fund I Scheme II, issuing one equity share and over 14.25 lakh compulsorily convertible preference shares for a...
Bharat Forge Injects €15 Million into German Holding Arm to Bolster Global Operations
Mar 11, 2026
Bharat Forge Ltd has infused Rs 1,600.35 million (€15 million) into its wholly owned German subsidiary, Bharat Forge Global Holding GmbH, by way of a capital reserve contribution. The related-party investment, completed on March 11, 2026, st...
Bharat Forge, Liebherr-Aerospace Open Advanced Landing Gear Facility in Pune
Mar 11, 2026
Bharat Forge’s aerospace division, in collaboration with Liebherr-Aerospace Transportation SAS, has inaugurated a state-of-the-art landing gear components machining facility in Mundhwa, Pune. The OEM-approved plant is among the first of its...
Bharat Forge Schedules Investor and Analyst Meetings in March 2026
Feb 27, 2026
Bharat Forge has scheduled interactions with analysts and institutional investors as part of its ongoing engagement with the financial community. The company plans a virtual one-on-one meeting with Hudson Bay Capital Management on March 2, 2026, i...
Bharat Forge Schedules Analyst and Investor Meetings in March 2026
Feb 27, 2026
Bharat Forge Ltd has announced a schedule of upcoming interactions with analysts and institutional investors, including a virtual one-on-one meeting with Hudson Bay Capital Management on 2 March 2026 from Pune and participation in the UBS Investor...
Bharat Forge Injects ₹1.1 Billion into German Holding Arm to Bolster Global Operations
Jan 30, 2026
Bharat Forge Limited has invested Rs 1,100.45 million (€10 million) into its wholly owned German subsidiary, Bharat Forge Global Holding GmbH, as a contribution to capital reserves. The related-party transaction, carried out on an arm’...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.