Bharat Forge Ltd

BSE: BHARATFORG500493ISIN INE465A01025

Consumer Discretionary
Auto Components & Equipments
BSE 200

BSE listing

Share price

₹1,976.00+57.00 (+2.97%)

as of 18 Sep 2026

52W high: ₹2,293.00
52W low: ₹1,179.40
Off 52W high: -13.82%
1M return: -4.31%
3M return: -3.26%
6M return: +15.43%
1Y return: +55.79%
20D avg volume: 82,563
50 DMA: ₹2,083.69
200 DMA: ₹1,825.10

Key ratios Consolidated

Market cap: ₹94,470 Cr
Current price: ₹1,976.00
52W high / low: ₹2,293.00 / ₹1,179.40
Face value: ₹2.00
P/E: 132.01
P/B: —
EPS (TTM): ₹14.97
Book value / share: —
ROE: —
ROCE: 15.80%
Operating margin: —
Net margin: —
Debt / equity: 0.72
Net debt: ₹6,027 Cr
Interest cover: 6.19
Dividend yield: 0.43%
Dividend / share (TTM): ₹8.50
Payout: 56.78%
Cash conversion cycle: 107.9 days

About

In plain English

Bharat Forge is a global leader in metal forging—using immense pressure to shape metal into strong, precision components. They make critical parts for trucks, cars, aircraft, oil and gas equipment, and defence systems. For example, they produce axle beams and engine components for heavy trucks, transmission parts for passenger cars, and landing gear components for airplanes. Their customers include major automotive manufacturers, defence contractors, aerospace companies, and industrial equipment makers. The company earns revenue by selling these forged and machined components to customers in India and around the world, with exports to North America and Europe being a significant part of their business. They also have subsidiaries that produce castings and electric vehicle drivetrains.

AI-generated summary, written from the company's own filings and disclosures. Every figure elsewhere on this page comes from exchange data, not from a model. See our editorial standards. Generated 22 Jul 2026.

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	4,640	4,528	4,343	4,032	3,909	3,853	3,476	3,689	4,106	4,164	3,866	3,774
	57.24	52.97	42.48	53.51	49.72	62.10	38.37	61.65	51.65	54.83	55.95	52.48
	4,283	4,089	3,919	3,627	3,544	3,483	3,165	3,364	3,707	3,844	3,529	3,488
	2,103	2,272	1,842	1,947	1,717	1,635	1,439	1,685	1,681	2,012	1,522	1,820
	11.35	23.02	19.34	22.02	14.50	67.90	7.57	71.54	84.81	111.98	270.16	51.57
	593.53	534.62	534.56	520.57	513.67	467.77	436.15	467.24	498.74	474.88	449.80	462.72
	89.71	84.40	76.64	80.08	82.22	88.00	95.96	109.81	123.71	115.52	136.82	124.33
	263.28	255.09	248.84	240.89	226.10	223.75	218.25	213.35	218.27	207.11	223.66	211.33
	1,268	1,063	1,084	1,018	1,026	980.09	945.20	1,010	1,030	1,089	938.43	925.82
	413.71	491.69	466.90	458.19	414.31	431.67	348.54	385.76	450.62	375.48	393.33	338.25
	-358.00	-98.73	-55.72	0.00	0.00	-5.30	0.00	0.00	-151.76	-10.23	0.00	-2.10
	55.71	392.96	411.19	458.19	414.31	426.37	348.54	385.76	298.86	365.26	393.33	336.15
	134.33	158.69	134.41	157.55	127.12	141.48	134.22	141.88	124.97	138.70	140.59	121.79
	-89.89	233.45	272.80	299.28	283.87	282.62	212.78	243.30	174.57	227.12	254.45	214.87
	-1.88	4.86	5.53	6.26	5.93	5.92	4.54	5.23	4.36	5.07	5.68	4.88
Key metrics
	408.70	732.45	736.67	779.16	722.63	738.12	662.75	708.92	640.84	687.89	753.81	671.81
	8.80%	16.20%	17.00%	19.30%	18.50%	19.20%	19.10%	19.20%	15.60%	16.50%	19.50%	17.80%
	-1.90%	5.20%	6.30%	7.40%	7.30%	7.30%	6.10%	6.60%	4.30%	5.50%	6.60%	5.70%
	—	3.80%	—	4.60%	—	4.50%	—	—	—	—	—	—
	18.70%	17.50%	25.00%	9.30%	-4.80%	-7.50%	-10.10%	-2.30%	—	—	—	—
	-131.70%	-17.40%	28.20%	23.00%	62.60%	24.40%	-16.40%	13.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY22	FY21	FY20	FY19	FY18	FY17
Income statement
	17,543	16,812	15,123	15,682	10,461	6,336	8,056	10,146	8,415	6,598
	206.20	198.68	213.76	227.42	195.90	168.90	187.86	202.79	142.01	119.28
	15,919	15,179	13,720	14,464	9,336	6,194	7,660	8,738	7,265	5,899
	8,164	7,778	6,440	7,138	4,618	2,480	3,119	4,239	3,178	—
	75.73	78.87	231.82	245.02	188.31	173.72	405.53	351.10	229.94	—
	2,183	2,103	1,870	1,860	1,465	1,071	1,195	1,246	1,089	—
	330.83	323.35	417.49	491.17	160.41	107.73	171.33	127.22	106.53	99.96
	1,008	970.92	873.62	848.20	730.30	612.16	547.72	520.79	—	—
	4,434	4,192	3,965	3,885	2,764	1,769	2,169	2,630	2,264	1,776
	1,830	1,831	1,617	1,446	1,321	310.75	583.53	1,610	1,292	818.33
	-512.45	-154.44	-157.06	-12.32	92.41	-306.23	-78.92	0.00	-95.45	128.43
	1,318	1,677	1,460	1,434	1,414	4.52	504.61	1,610	1,196	946.76
	584.98	577.77	542.55	528.83	303.45	101.51	112.46	566.38	441.79	249.17
	715.64	1,089	913.27	910.16	1,077	-126.97	349.25	1,033	753.97	697.59
	14.77	22.58	20.05	20.43	23.23	-2.71	7.51	22.17	—	29.96
Key metrics
	2,657	2,971	2,751	2,773	2,304	724.41	1,224	2,258	1,303	1,047
	15.15%	17.70%	18.20%	17.70%	22.00%	11.40%	15.20%	22.30%	15.50%	15.90%
	4.08%	6.50%	6.00%	5.80%	10.30%	-2.00%	4.30%	10.20%	9.00%	10.60%
	—	15.80%	16.50%	—	—	—	—	—	—	—
	—	11.20%	-3.60%	49.90%	65.10%	-21.30%	-20.60%	20.60%	27.50%	—
	—	19.30%	0.30%	-15.50%	948.30%	-136.40%	-66.20%	37.00%	8.10%	—
	—	346.14	345.88	—	—	—	—	—	—	—
	—	1.36	1.97	—	—	—	—	—	—	—
	—	0.72	0.68	—	—	—	—	—	—	—
	—	6,027	5,667	—	—	—	—	—	—	—
	—	107.9	99.8	—	—	—	—	—	—	—
Balance sheet
	—	22,260	20,088	—	—	—	—	—	—	—
	—	11,203	10,232	—	—	—	—	—	—	—
	—	847.88	621.03	—	—	—	—	—	—	—
	—	3,910	2,900	—	—	—	—	—	—	—
	—	4,053	3,578	—	—	—	—	—	—	—
	—	680.69	929.66	—	—	—	—	—	—	—
	—	7,258	5,847	—	—	—	—	—	—	—
	—	2,996	2,344	—	—	—	—	—	—	—
	—	9,581	8,703	—	—	—	—	—	—	—
	—	6,875	6,288	—	—	—	—	—	—	—
	—	5,062	4,969	—	—	—	—	—	—	—
	—	1,812	1,319	—	—	—	—	—	—	—
	—	9,557	9,221	—	—	—	—	—	—	—
Cash flow
	—	1,487	1,796	—	—	—	—	—	—	—
	—	-1,033	-1,964	—	—	—	—	—	—	—
	—	-441.99	-569.70	—	—	—	—	—	—	—
	—	1,140	1,450	—	—	—	—	—	—	—

Metric	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24
Income statement
	2,260	2,084	1,947	2,105	2,163	2,096	2,247	2,338	2,329	2,263	2,249	2,127
	28.48	27.32	46.46	42.19	48.08	31.39	34.80	44.59	38.18	34.55	42.38	47.23
	1,796	1,671	1,555	1,698	1,717	1,654	1,793	1,866	1,841	1,794	1,828	1,758
	967.48	805.02	810.28	910.54	901.59	830.16	932.14	927.24	937.52	957.06	1,050	936.50
	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—	—
	168.26	170.75	167.35	169.64	153.93	158.34	161.73	162.61	150.44	150.99	150.64	149.38
	40.21	41.44	48.29	52.24	58.81	57.31	63.51	70.18	63.38	80.89	72.63	70.52
	112.41	111.99	111.19	112.45	112.21	110.39	108.34	109.43	107.91	112.42	112.84	108.87
	558.66	537.93	523.20	547.66	534.82	487.68	542.77	546.28	554.31	500.17	517.55	487.29
	493.19	440.30	438.04	449.27	493.73	473.53	488.38	516.45	526.05	504.41	463.70	416.51
	-492.96	-48.73	-7.89	0.00	-20.27	-0.92	13.54	-145.66	-13.34	—	-2.10	—
	0.23	391.58	430.14	449.27	473.46	472.61	501.91	370.78	512.72	504.41	461.60	416.51
	117.99	103.54	120.20	110.75	127.83	126.57	140.75	101.36	123.06	126.60	115.61	105.00
	-117.76	288.04	309.94	338.52	345.62	346.04	361.16	269.42	389.65	377.81	345.99	311.50
	-2.47	6.03	6.48	7.08	7.23	7.38	7.75	5.79	8.37	8.11	7.43	6.69
Key metrics
	152.85	545.01	589.62	613.96	644.48	640.31	673.76	550.39	684.01	697.72	647.07	595.90
	6.80%	26.20%	30.30%	29.20%	29.80%	30.60%	30.00%	23.50%	29.40%	30.80%	28.80%	28.00%
	-5.20%	13.80%	15.90%	16.10%	16.00%	16.50%	16.10%	11.50%	16.70%	16.70%	15.40%	14.60%
	0.30%	—	3.90%	—	4.40%	—	—	—	—	—	—	—
	4.50%	-0.60%	-13.30%	-10.00%	-7.10%	-7.40%	-0.10%	9.90%	—	—	—	—
	-134.10%	-16.80%	-14.20%	25.60%	-11.30%	-8.40%	4.40%	-13.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Income statement
	8,396	8,396	8,844	8,969	7,573	6,255	3,652	4,564	6,520	5,373	4,066
	144.45	144.46	158.85	162.34	150.50	167.50	140.46	160.89	166.02	118.69	99.49
	6,719	6,719	7,031	7,220	6,300	5,058	3,368	4,038	5,063	4,228	3,361
	3,493	3,493	3,591	3,881	3,351	2,647	1,496	1,768	2,557	1,915	—
	0.00	0.00	0.00	—	—	—	—	—	—	—	—
	676.00	676.00	636.61	601.45	543.01	505.79	448.24	482.36	—	435.90	—
	182.18	182.17	249.81	287.41	212.69	107.30	77.92	145.03	102.41	84.84	72.77
	448.04	448.05	440.37	442.04	425.96	411.79	366.07	344.87	—	306.75	—
	2,167	2,167	2,112	2,059	1,835	1,480	1,061	1,317	1,692	1,456	1,096
	1,821	1,821	1,972	1,911	1,423	1,364	424.09	686.50	1,623	1,264	804.47
	-549.58	-549.59	-153.31	-15.43	-40.21	31.80	-9.18	-93.91	—	-133.21	38.02
	1,271	1,271	1,819	1,895	1,383	1,396	414.91	592.59	1,623	1,131	842.49
	452.48	452.48	496.51	470.27	337.27	318.14	102.81	119.08	551.80	423.37	257.42
	818.74	818.74	1,322	1,425	1,045	1,078	312.09	473.52	1,071	707.30	585.07
	17.12	17.12	28.16	30.60	22.45	23.15	6.70	10.17	23.00	—	—
Key metrics
	1,901	1,901	2,509	2,625	2,021	1,915	858.90	1,082	1,725	1,522	915.26
	22.65%	22.60%	28.40%	29.30%	26.70%	30.60%	23.50%	23.70%	26.50%	28.30%	22.50%
	9.75%	9.80%	15.00%	15.90%	13.80%	17.20%	8.50%	10.40%	16.40%	13.20%	14.40%
	—	11.50%	17.10%	—	—	—	—	—	—	—	—
	—	-5.10%	-1.40%	18.40%	21.10%	71.30%	-20.00%	-30.00%	21.30%	32.10%	—
	—	-38.10%	-7.20%	36.30%	-3.00%	245.30%	-34.10%	-55.80%	51.50%	20.90%	—
	—	1,221	1,084	—	—	—	—	—	—	—	—
	—	1.89	1.29	—	—	—	—	—	—	—	—
	—	0.34	0.36	—	—	—	—	—	—	—	—
	—	3,405	3,623	—	—	—	—	—	—	—	—
	—	186.9	164.1	—	—	—	—	—	—	—	—
Balance sheet
	—	17,528	17,260	—	—	—	—	—	—	—	—
	—	7,398	8,095	—	—	—	—	—	—	—	—
	—	359.06	358.92	—	—	—	—	—	—	—	—
	—	4,130	3,820	—	—	—	—	—	—	—	—
	—	1,570	1,540	—	—	—	—	—	—	—	—
	—	263.38	393.69	—	—	—	—	—	—	—	—
	—	2,830	2,818	—	—	—	—	—	—	—	—
	—	1,401	1,386	—	—	—	—	—	—	—	—
	—	4,864	5,132	—	—	—	—	—	—	—	—
	—	3,764	3,982	—	—	—	—	—	—	—	—
	—	2,713	3,322	—	—	—	—	—	—	—	—
	—	1,052	659.42	—	—	—	—	—	—	—	—
	—	10,988	10,964	—	—	—	—	—	—	—	—
Cash flow
	—	1,544	1,701	—	—	—	—	—	—	—	—
	—	-554.62	-2,841	—	—	—	—	—	—	—	—
	—	-983.90	457.04	—	—	—	—	—	—	—	—
	—	323.35	617.09	—	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +3.50%
Sales CAGR 5Y: +18.12%
Sales CAGR 10Y: —
Profit CAGR 3Y: -7.83%
Profit CAGR 5Y: +21.28%
Profit CAGR 10Y: —
Sales YoY (TTM): -5.07%
Profit YoY (TTM): -38.08%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: +21.55%
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): +17.54%
Profit YoY (TTM): -30.02%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 44.06%

Holder	Type	Holding	Previous	Change
KALYANI INVESTMENT COMPANY LIMITED	Promoter Group	13.24%	—	—
SUNDARAM TRADING AND INVESTMENT PVT LTD	Promoter Group	11.56%	—	—
KSL HOLDINGS PRIVATE LIMITED	Promoter Group	9.68%	—	—
HDFC Mutual Fund - HDFC Defence Fund	Public	3.99%	—	—
NPS Trust- A/C SBI Pension Fund Scheme - State Govt.	Public	3.48%	—	—
Life Insurance Corporation of India	Public	3.41%	—	—
BF INVESTMENT LIMITED	Promoter Group	3.27%	—	—
Kotak Flexicap Fund	Public	3.16%	—	—
AJINKYA INVESTMENT AND TRADING COMPANY	Promoter Group	3.13%	—	—
SBI Large & Midcap Fund	Public	2.40%	—	—
SBI Life Insurance Co. Ltd	Public	1.82%	—	—
Mirae Asset Large & Midcap Fund	Public	1.75%	—	—
Nippon Life India Trustee Ltd-A/C Nippon India Growth Mid Cap Fund	Public	1.41%	—	—
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Flexi Cap Fund	Public	1.35%	—	—
Motilal Oswal Nifty India Defence Index Fund	Public	1.04%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Intimation for Qualified Institutional Placement17 Sep 2026 · Company Update / Qualified Institutional Placement
Intimation regarding Press Release15 Sep 2026 · Company Update / Press Release / Media Release
Intimation regarding scrutinizers report on Postal Ballot11 Sep 2026 · AGM/EGM / Postal Ballot
Intimation regarding merger of step-down subsidiary with subsidiary of the Company10 Sep 2026 · Company Update / Restructuring
Newspaper Advertisement10 Sep 2026 · Company Update / Newspaper Publication
Press Release3 Sep 2026 · Company Update / Press Release / Media Release
Press Release3 Sep 2026 · Company Update / Press Release / Media Release
Intimation for Investor Meet scheduled on September 8, 20263 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation regarding divestment of stake held in Joint Venture2 Sep 2026 · Company Update / Restructuring
Newspaper Publication31 Aug 2026 · Company Update / Newspaper Publication
Intimation regarding presentation for the upcoming investor meet28 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation regarding schedule of investor meet28 Aug 2026 · Company Update / Analyst / Investor Meet
Analyst / Investor call - Transcripts13 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper Advertisement- Notice of Postal Ballot13 Aug 2026 · Company Update / Newspaper Publication
Intimation regarding Notice of Postal Ballot12 Aug 2026 · AGM/EGM / Postal Ballot
Scrutinizer report and voting results of 65th Annual General Meeting of the Company12 Aug 2026 · AGM/EGM / AGM
Proceedings of 65th AGM of the Company held on Tuesday, August 11, 202611 Aug 2026 · AGM/EGM / AGM
Newspaper Publication of Financial Results11 Aug 2026 · Company Update / Newspaper Publication
Investment in wholly owned subsidiary10 Aug 2026 · Company Update / Acquisition
Audio Recording of Analyst / Investor Conference Call10 Aug 2026 · Company Update / Analyst / Investor Meet
Presentation on Financial Results for the quarter ended June 30, 202610 Aug 2026 · Company Update / Analyst / Investor Meet
Raising of Funds10 Aug 2026 · Company Update / Raising of Funds
Outcome of the Board Meeting held on August 10, 202610 Aug 2026 · Board Meeting / Outcome of Board Meeting
Analyst / Investor call5 Aug 2026 · Company Update / Analyst / Investor Meet
Bharat Forge Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/08/2026 ,inter alia, to consider and approve Board Meeting Intimation for Quarterly ....5 Aug 2026 · Board Meeting / Board Meeting
Divestment of Stake held in Joint Venture23 Jul 2026 · Company Update / Restructuring
Intimation regarding Press Release22 Jul 2026 · Company Update / Press Release / Media Release
Newspaper Publication of AGM Notice18 Jul 2026 · Company Update / Newspaper Publication
Business Responsibility Sustainability Report for FY2025-2617 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Integrated Annual Report for FY2025-2617 Jul 2026 · Others / Reg. 34 (1) Annual Report
Notice of Annual General Meeting to be held on August 11, 202617 Jul 2026 · AGM/EGM / AGM
Certificate under Regulation 74 (5) of SEBI (DP) Regulation, 2018 for quarter ended June 30, 20266 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation regarding Newspaper Publication under regulation 30 and 47 of SEBI Listing Regulations2 Jul 2026 · Company Update / Newspaper Publication
Investor meet26 Jun 2026 · Company Update / Analyst / Investor Meet
Investor Meet26 Jun 2026 · Company Update / Analyst / Investor Meet
Closure of Trading Window for Quarter Ended 30 June, 2026.26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Updates on Acquisition24 Jun 2026 · Company Update / Acquisition
Analyst/Investor Meet23 Jun 2026 · Company Update / Analyst / Investor Meet
Communication to shareholders on TDS19 Jun 2026 · Company Update / General
Press Release19 Jun 2026 · Company Update / Press Release / Media Release

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 6.5000	3 Jul 2026	3 Jul 2026	—
Interim Dividend - Rs. - 2.0000	18 Feb 2026	18 Feb 2026	—
Final Dividend - Rs. - 6.0000	4 Jul 2025	4 Jul 2025	—
Interim Dividend - Rs. - 2.5000	18 Feb 2025	18 Feb 2025	—
Final Dividend - Rs. - 6.5000	5 Jul 2024	5 Jul 2024	—

Board meetings

10 Aug 2026 Board Meeting - Financial Results