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Bharat Forge Ltd Share Price (BHARATFORG)

₹1132.10.08%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Bharat Forge Ltd

Key events for Bharat Forge Ltd

  • Bharat Forge Infuses Funds Into Subsidiary, Declares Dividend - 23 Feb, 2024

    Auto components major Bharat Forge has infused funds worth Rs 133 crore into its wholly-owned subsidiary, Bharat Forge Global Holding GmbH. The company also declared an interim dividend of Rs 2.50 per equity share for the financial year 2023-24. Broking and investment firm JM Financial Services has given a BUY call on Bharat Forge with a target price of Rs 1,150.

  • Bharat Forge Announces Interim Dividend and Strategic Infusion into Subsidiary - 22 Feb, 2024

    Bharat Forge Ltd has announced an interim dividend of Rs 2.5 per equity share with a face value of Rs 2. The company will also make a strategic infusion of €15 million into its wholly-owned subsidiary, Bharat Forge Global Holding GmbH, for subsequent funding of a significant step-down subsidiary in Germany.

  • Bharat Forge Gains as DAC Approves Defence Contracts - 16 Feb, 2024

    Bharat Forge's stock gained 1.14% on the NSE after the Defence Acquisition Council approved contracts worth approximately ₹84,560 crore, boosting overall defence requirements and infrastructure.

  • Morgan Stanley Maintains Overweight Rating on Bharat Forge - 15 Feb, 2024

    Global investment bank Morgan Stanley has maintained an overweight rating on Bharat Forge with a target price of Rs 1346. The company posted good Q3 earnings, and FY26 P/E of 25.5x looks attractive given higher visibility on revenue and margins of new businesses.

  • Bharat Forge Faces Short-Term Growth Challenges - 14 Feb, 2024

    Bharat Forge's near-term growth outlook is weak due to slowdowns in multiple segments and upcoming elections. However, the company's diversified portfolio and strong performance in the non-automotive sector provide some stability. Stock drops 17%, but recovers slightly.

  • Mixed Bag for Bharat Forge Ltd Stock - 13 Feb, 2024

    Bharat Forge's Q3 FY24 results were positive, but the company's weak guidance for the next fiscal year caused its stock to fall by 20%. Brokerages have cut their earnings estimates, but maintain Buy ratings. Kalyani Group announces major investment in manufacturing complex.

  • Bharat Forge Reports Strong Q3 Results, Shares Slip on Lower-than-Expected Earnings - 12 Feb, 2024

    Bharat Forge's Q3 FY24 consolidated net profit surged by over 220%, driven by higher revenues. However, the company's earnings fell short of street estimates, causing a more than 14% drop in share prices. The defense sector significantly boosted revenues while oil & gas and agri sectors experienced declines. Despite strong Q3 results, Bharat Forge's Joint MD anticipates growth moderation in Q4.

  • Bharat Forge Q3 FY24 Results Expected to Show 3.9x YoY Jump in Net Profit - 09 Feb, 2024

    Bharat Forge is expected to report a consolidated net profit of Rs 305 crore for Q3 FY24, up 3.9 times YoY, with revenue estimated at Rs 4,015 crore, up 19.7% YoY. EBITDA is expected to grow 46.1% to Rs 685 crore, and the quarterly margin is expected to improve to 17.1%. The company's standalone tonnage is expected to increase by 15%, and realisations are expected to improve by 4.4% to Rs 3.24 lakh per tonne.

  • PM Modi Praises Auto Sector at Expo, Bharat Forge Stock Trades Up - 08 Feb, 2024

    Bharat Forge Ltd. stock traded up by 0.38% at Rs 1288.05 with a bullish bias signaled by the MACD. Prime Minister Narendra Modi praised the Indian auto sector and emphasized innovation and global collaboration at the Bharat Mobility Global Expo 2024.

  • Bharat Forge's Net Debt Increases to Rs 48.2b - 04 Feb, 2024

    Bharat Forge's net debt stands at around Rs 48.2b, with liabilities totalling Rs 64.7b more than its cash and near-term receivables combined. Its interest cover looks a bit on the low side, but it has grown EBIT by 20% in the last year.

Analyst Rating for Bharat Forge Ltd stock

based on 26 analysts

HOLD
53.85%
Buy
15.38%
Hold
30.77%
Sell

Based on 26 analysts offering long term price targets for Bharat Forge Ltd. An average target of ₹1138.46

Source: S&P Global Market Intelligence

Bharat Forge Ltd share Performance

  • ₹1125
    ₹1145.55
    ₹1132.1
    downward going graph

    0.63%

    Downside

    Day's Volatility:1.82%

    Upside

    1.19%

    downward going graph
  • ₹743.55
    ₹1330
    ₹1132.1
    downward going graph

    34.32%

    Downside

    52 Weeks Volatility:51.80%

    Upside

    17.48%

    downward going graph
1 Month Return-6.88 %
3 Month Return1.48 %
1 Year Return36.57 %
Previous Close₹1,133.05
Open₹1,133.05
Volume4.44L
Market Cap₹52,753.52Cr

Bharat Forge Ltd Company Information

Bharat Forge Ltd is an Indian multinational company that was incorporated in 1961. It is headquartered in Pune, India and has operations in multiple lines of business, including automotive, power, oil and gas, construction and mining, railway, marine, aerospace, and defense.

The company is the world's second-largest forgings manufacturer and specializes in the production of high-performance components for the automotive, power, oil and gas, construction and mining, railway, marine, aerospace, and defense industries. Its top products include crankshafts, camshafts, suspension components, transmission components, engine components, and chassis components.

Bharat Forge is a leading supplier of components to some of the world's most popular brands, such as Mercedes-Benz, BMW, Volvo, Audi, Renault, Ford, and General Motors. The company also manufactures components for the Indian Armed Forces, and has supplied components to the Indian Space Research Organisation (ISRO).

Share Price: ₹1132.10 per share as on 23 Feb, 2024 04:01 PM
Market Capitalisation: ₹52,753.52Cr as of today
Revenue: ₹3,866.41Cr as on December 2023 (Q4 23)
Net Profit: ₹254.45Cr as on December 2023 (Q4 23)
Listing date: 03 Nov, 1994
Chairperson Name: B N Kalyani
OrganisationBharat Forge Ltd
HeadquartersDelhi
IndustryCastings, Forgings & Fastners
E-voting on sharesClick here to vote

Fundamentals of Bharat Forge Ltd

Insights on Bharat Forge Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 16.28% to 16.60% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 19.81% to 19.84% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 3.82K Cr → 3.92K Cr (in ₹), with an average increase of 2.5% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 5 quarters, 82.5 Cr → 264.55 Cr (in ₹), with an average increase of 23.6% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Jindal Steel & Power Ltd has given 132.6% return, outperforming this stock by 44.7%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 45.25% of holdings in Dec 2023 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, NMDC Ltd has given 112.8% return, outperforming this stock by 76.2%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, BHARATFORG stock has moved down by -6.9%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 10.34% to 10.21% in Dec 2023 quarter

Bharat Forge Ltd Valuation

Bharat Forge Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-279.83x)

June 10, 2021

Industry (51.04x)

February 23, 2024

Today (61.96x)

February 23, 2024

Highest (537.31x)

February 28, 2018

LowHigh

Bharat Forge Ltd Mutual Fund Holdings

Funds Holdings
Kotak Emerging Equity Scheme Direct GrowthKotak Emerging Equity Scheme Direct Growth2.57%
Kotak Flexicap Fund Direct GrowthKotak Flexicap Fund Direct Growth1.84%
DSP Midcap Fund Direct Plan GrowthDSP Midcap Fund Direct Plan Growth4.33%
Kotak Equity Opportunities Direct GrowthKotak Equity Opportunities Direct Growth3.17%
Mirae Asset Large & Midcap Fund Direct Plan GrowthMirae Asset Large & Midcap Fund Direct Plan Growth1.4%

Bharat Forge Ltd Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
45.25%
0.00
Foreign Institutions
16.6%
1.94
Mutual Funds
19.84%
0.17
Retail Investors
10.21%
-1.25
Others
8.1%
-2.65

Technicals of Bharat Forge Ltd share

News & Events of Bharat Forge Ltd

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Bharat Forge Ltd (BHARATFORG) share price today is ₹1132.1

Bharat Forge Ltd is listed on NSE

Bharat Forge Ltd is listed on BSE

  • Today’s highest price of Bharat Forge Ltd is ₹1145.55.
  • Today’s lowest price of Bharat Forge Ltd is ₹1125.

PE Ratio of Bharat Forge Ltd is 61.96

PE ratio = Bharat Forge Ltd Market price per share / Bharat Forge Ltd Earnings per share

Today’s traded volume of Bharat Forge Ltd(BHARATFORG) is 4.44L.

Today’s market capitalisation of Bharat Forge Ltd(BHARATFORG) is ₹52753.52Cr.

Bharat Forge Ltd(BHARATFORGPrice
52 Week High
₹1330
52 Week Low
₹743.55

Bharat Forge Ltd(BHARATFORG) share price is ₹1132.1. It is down -14.88% from its 52 Week High price of ₹1330

Bharat Forge Ltd(BHARATFORG) share price is ₹1132.1. It is up 52.26% from its 52 Week Low price of ₹743.55

Bharat Forge Ltd(BHARATFORGReturns
1 Day Returns
-0.95%
1 Month Returns
-6.88%
3 Month Returns
1.48%
1 Year Returns
36.57%