What is Bharat Forge Ltd's market cap?

Bharat Forge Ltd (BHARATFORG) has a market capitalization of ₹90,760 Cr.

What sector is BHARATFORG in?

Bharat Forge Ltd operates in the Auto Components — Parts & Systems sector.

What is BHARATFORG's return on equity?

Bharat Forge Ltd has a return on equity (ROE) of 11.3%.

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Bharat Forge Ltd (BHARATFORG) — Analysis, Financials, Intelligence | The Stock Filter

The Organism · Company Intelligence

Bharat Forge Ltd

BHARATFORG|BSE: 500493

Auto Components — Parts & SystemsAutomobiles & Auto Componentswww.bharatforge.com

₹2,205.00

+₹46.35 (+2.15%)|MCap ₹90,760 Cr

As of 31 Jul 2026 (End of Day)

Div Yield: 0.39%

52W Low ₹1,100.5052W High ₹2,238.00

PE 97.8xMedian PE 56.3xPB 11.1x

Secular Currents

Theme Connections

EV Transition EV Supply Chain Auto Components Export PLI Manufacturing

About the Company

Profile

Bharat Forge Ltd. engages in the manufacture, assemble, and sale of forged and machined components. The company is headquartered in Pune, Maharashtra and currently employs 4,259 full-time employees. Its segments include Forgings and Others. The company is also involved in the manufacturing and assembly of electric vehicle related components. The company offers full-service supply capability, which includes from concept to product design, engineering, manufacturing, testing, and validation. The company manufactures critical components for thermal, wind, hydro, and nuclear applications. The company offers automotive products, which include engines, chassis and transmission and driveline. The company also manufactures a variety of railway components, such as engine components, turbochargers, bogie components, and power electronics. The company supplies components to the aviation sector, such as fan blades, compressors and turbines, aero structures, and gear components. The company caters to both domestic and international markets.

Intelligence Profile

TSF Score

64/100

The Vitals · Company Health

Health Indicators

Shenanigan Score

20Clean

Trust Score

X-Ray

Concerns

No significant concerns identified

Watch

Nothing flagged for monitoring

Strengths

🟢Efficient capital deployment (ROCE: 15.8%)Business
🟢Consistent dividend payerOpportunity

The Numbers · Key Metrics

PE Ratio

97.8x

ROE

11.3%

Revenue Growth 3yr

9.1%

Debt/Equity

0.72x

₹90,139 Cr

The Narrator · StoryTel Intelligence

FY2026Auto Components — Parts & SystemsProduct Sales ModelModel:Revenue = Production Volume × Average Selling Price (OEM + Aftermarket + Export)

Key Insight

“Operates in Auto Components — Parts & Systems.”

The Revenue Story

₹16,812 Cr revenue.

Total Income₹17,010 Cr

Revenue₹16,812 Cr(98.8% of Total Income)

Other Income₹199 Cr(1.2% of Total Income)

The Cost Story

COGS 45.1%, employees 12.5%.

Cogs₹7,590 Cr(41.5%)

Other Expenses₹4,192 Cr(22.9%)

EBITDA₹3,125 Cr(17.1%)

Employee₹2,103 Cr(11.5%)

Depreciation₹971 Cr(5.3%)

Finance Costs₹323 Cr(1.8%)

0.2%EBITDA Margin

Cogs

41.5%

Other Expenses

22.9%

EBITDA

17.1%

Employee

11.5%

Depreciation

5.3%

Finance Costs

1.8%

Key Metrics

ROE

11.3%

vs median 11.3%

ROCE

15.8%

vs median 15.1%

Net Margin

6.3%

vs median 5.2%

EBITDA Margin

17.5%

vs median 12.4%

Debt To Equity

0.72x

vs median 0.28x

Rev Growth 3yr

9.1%

vs median 9.0%

EPS Growth 3yr

25.8%

vs median 9.6%

Forward View · Management Guidance

GUIDANCEQ2FY26High Impact

“please expect that we will look at doing more acquisitions in India.”

GUIDANCEQ2FY26High Impact

“I would say Q2 and Q3 should be similar.”

GUIDANCEQ2FY26High Impact

“will continue our focus on our customers, products and opportunities globally, but we are going to double down on India as most companies in the world are because it's the fastest ”

The Context · Where does it sit?

Sector Context

The Canopy · Sector KPIs

Sector KPIs

Auto Components — Parts & Systems

KPI	Company	Sector Median
ROE	11.3%▲	11.3%
ROCE	15.8%▲	15.1%
Net Margin	6.3%▲	5.2%
EBITDA Margin	17.5%▲	12.4%
Debt To Equity	0.72x▲	0.28x
Rev Growth 3yr	9.1%▲	9.0%
EPS Growth 3yr	25.8%▲	9.6%

The Market · What is the market saying?

Market Signals

The Antenna · Media Intelligence

Media Signal

Low Impact

7d+0.31→30d+0.29

Based on 6 articles (5 in last 7 days)

The Numbers · Show me the data

Financials

Revenue₹16,812 Cr

PBT₹1,677 Cr

EPS₹22.58

(₹ Cr)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Revenue	₹16,812 Cr +11.2%	₹15,123 Cr -3.6%	₹15,682 Cr +21.5%	₹12,910 Cr +23.4%	₹10,461 Cr +65.1%	₹6,336 Cr -21.3%	₹8,056 Cr -20.6%	₹10,146 Cr
Other Income	₹199 Cr -7.1%	₹214 Cr -6.0%	₹227 Cr +31.6%	₹173 Cr -11.8%	₹196 Cr +16.0%	₹169 Cr -10.1%	₹188 Cr -7.4%	₹203 Cr
Total Income	₹17,010 Cr +10.9%	₹15,337 Cr -3.6%	₹15,909 Cr +21.6%	₹13,083 Cr +22.8%	₹10,657 Cr +63.8%	₹6,505 Cr -21.1%	₹8,244 Cr -20.3%	₹10,349 Cr
COGS	₹7,590 Cr +15.1%	₹6,594 Cr -10.6%	₹7,379 Cr +23.8%	₹5,961 Cr +41.4%	₹4,216 Cr +60.0%	₹2,634 Cr -26.3%	₹3,577 Cr -15.1%	₹4,214 Cr
	₹15,179 Cr +10.6%	₹13,720 Cr -5.1%	₹14,463 Cr +18.8%	₹12,177 Cr +30.4%	₹9,336 Cr +50.7%	₹6,194 Cr -19.1%	₹7,660 Cr -12.3%	₹8,738 Cr
Profit Before Tax	₹1,677 Cr +14.9%	₹1,460 Cr +1.8%	₹1,434 Cr +66.6%	₹860 Cr -39.1%	₹1,414 Cr	₹5 Cr -99.1%	₹505 Cr -68.7%	₹1,610 Cr
Exceptional Items	(₹154 Cr) +1.7%	(₹157 Cr)	(₹12 Cr) +73.1%	(₹46 Cr) ↓ Decline	₹92 Cr ↑ Recovery	(₹306 Cr) -288.0%	(₹79 Cr)	₹0.00 Cr
	₹578 Cr +6.5%	₹543 Cr +2.6%	₹529 Cr +66.0%	₹319 Cr +5.0%	₹303 Cr +198.9%	₹102 Cr -9.7%	₹112 Cr -80.1%	₹566 Cr
Net Profit	₹1,089 Cr +19.3%	₹913 Cr +0.3%	₹910 Cr +79.0%	₹508 Cr -52.8%	₹1,077 Cr ↑ Recovery	(₹127 Cr) ↓ Decline	₹349 Cr -66.2%	₹1,033 Cr
Profit (Owners)	₹1,080 Cr +14.7%	₹941 Cr -1.0%	₹951 Cr +80.0%	₹528 Cr -51.2%	₹1,082 Cr ↑ Recovery	(₹127 Cr) ↓ Decline	₹350 Cr -66.1%	₹1,032 Cr
Minority Interest	₹10 Cr ↑ Recovery	(₹28 Cr) +32.0%	(₹41 Cr) -104.8%	(₹20 Cr) -326.1%	(₹5 Cr)	(₹0.29 Cr) +49.8%	(₹0.59 Cr) ↓ Decline	₹0.42 Cr
Other Comprehensive Income	(₹341 Cr) -513.9%	(₹56 Cr) +54.9%	(₹123 Cr) -76.6%	(₹70 Cr) ↓ Decline	₹235 Cr -27.0%	₹322 Cr ↑ Recovery	(₹173 Cr) -535.9%	(₹27 Cr)
EPS	₹22.58	₹19.69	₹20.43	₹11.35	₹23.23	(₹2.72)	₹7.51	₹22.17
Diluted Shares	₹48 Cr	₹48 Cr	₹47 Cr	₹47 Cr	₹47 Cr	₹47 Cr	₹47 Cr	₹47 Cr
Profit Or Loss Of Associates	(₹9 Cr) -155.5%	(₹4 Cr) ↓ Decline	₹5 Cr ↑ Recovery	(₹33 Cr) -1.3%	(₹33 Cr) -10.2%	(₹30 Cr) +30.1%	(₹43 Cr) -277.2%	(₹11 Cr)