Bharat Forge Ltd (BHARATFORG) AI Stock Analysis

• Market Cap: ₹593.31B
• Dividend Yield: 0.68%
• Average Volume (3M): 81.62K
• Price to Earnings (P/E): 57.4
• Beta (1Y): 1.31
• 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: 23,447
• 30 Day Avg. Volume: 81,623
• PEG Ratio: -30.80
• Price to Book (P/B): 5.83
• Price to Sales (P/S): 3.57
• P/FCF Ratio: 155.88
• 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: ₹1,132.00
• Price Target Upside: -8.78% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 62 Neutral
• Price Target: ₹1,294.00 ▲(4.27% Upside)

Bharat Forge Ltd's overall stock score reflects strong financial performance and stable technical indicators. However, the high P/E ratio suggests potential overvaluation, which weighs down the score. The absence of earnings call data and corporate events does not impact the score.

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 shows solid financial performance with consistent revenue growth and robust profitability margins. The balance sheet is stable, but rising debt levels could pose future risks. Cash flow generation is positive, yet 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	149.25B	151.23B	155.62B	122.89B	103.75B	60.79B
Gross Profit	84.72B	85.28B	30.67B	17.41B	47.68B	24.64B
EBITDA	28.26B	27.47B	27.45B	18.28B	22.96B	6.77B
Net Income	10.22B	9.41B	9.51B	5.28B	10.82B	-1.26B
Balance Sheet
Total Assets	0.00	200.88B	193.49B	183.84B	156.09B	131.78B
Cash, Cash Equivalents and Short-Term Investments	20.98B	26.56B	27.02B	20.84B	25.04B	25.43B
Total Debt	0.00	66.98B	79.48B	73.13B	59.72B	52.71B
Total Liabilities	-92.21B	108.68B	121.84B	116.43B	89.82B	77.31B
Stockholders Equity	92.21B	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: Positive
• Last Price: 1241.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 1241 is above the 20-day moving average (MA) of 1225.07, above the 50-day MA of 1192.79, and above the 200-day MA of 1182.29, indicating a bullish trend. The MACD of 9.79 indicates Negative momentum. The RSI at 55.53 is Neutral, neither overbought nor oversold. The STOCH value of 78.79 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SONACOMS	70 Outperform	₹287.36B	48.66	―	0.71%	5.20%	1.76%
MRF	68 Neutral	₹661.01B	36.75	―	0.15%	10.44%	-12.83%
BALKRISIND	68 Neutral	₹439.58B	30.25	―	0.90%	5.73%	-10.82%
SCHAEFFLER	67 Neutral	₹605.38B	59.80	―	0.72%	13.90%	11.56%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BHARATFORG	62 Neutral	₹593.31B	57.44	―	0.68%	-6.19%	8.09%
TIINDIA	60 Neutral	₹614.97B	95.21	―	0.11%	14.94%	-46.62%