Bharat Forge Limited

Bharat Forge Limited (BHARATFORG) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.

Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments

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Key metrics

Price as of 2026-09-03

Stock price
₹1981.00
Market cap
94,547 Cr
Stock P/E
132.1
P/B
9.92
Dividend yield
0.4%

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Share price

NSE closing price from historical market data.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales3,774 Cr3,866 Cr4,164 Cr4,106 Cr3,689 Cr3,476 Cr3,853 Cr3,909 Cr4,032 Cr4,343 Cr4,528 Cr4,640 Cr
Operating expenses (approx.)3,153 Cr3,169 Cr3,521 Cr3,365 Cr3,041 Cr2,851 Cr3,171 Cr3,236 Cr3,306 Cr3,593 Cr3,750 Cr3,930 Cr
EBITDA621 Cr698 Cr643 Cr741 Cr647 Cr624 Cr681 Cr673 Cr726 Cr750 Cr778 Cr709 Cr
OPM %16.5%18.0%15.4%18.0%17.5%18.0%17.7%17.2%18.0%17.3%17.2%15.3%
Other income52 Cr56 Cr55 Cr52 Cr62 Cr38 Cr62 Cr50 Cr54 Cr42 Cr53 Cr57 Cr
Interest124 Cr137 Cr116 Cr124 Cr110 Cr96 Cr88 Cr82 Cr80 Cr77 Cr84 Cr90 Cr
Depreciation211 Cr224 Cr207 Cr218 Cr213 Cr218 Cr224 Cr226 Cr241 Cr249 Cr255 Cr263 Cr
Profit before tax337 Cr395 Cr366 Cr300 Cr385 Cr347 Cr424 Cr411 Cr457 Cr407 Cr392 Cr44 Cr
Tax %36.2%35.6%37.9%41.7%36.8%38.7%33.4%30.9%34.5%33.0%40.5%302.3%
Net profit215 Cr254 Cr227 Cr175 Cr243 Cr213 Cr283 Cr284 Cr299 Cr273 Cr233 Cr-90 Cr
EPS (₹)₹4.88₹5.68₹5.07₹4.36₹5.23₹4.54₹5.92₹5.93₹6.26₹5.53₹4.86₹-1.88

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales10,146 Cr8,056 Cr6,336 Cr10,461 Cr12,910 Cr15,682 Cr15,123 Cr16,812 CrSign in for TTM
Operating expenses (approx.)8,090 Cr6,941 Cr5,475 Cr8,445 Cr11,143 Cr13,124 Cr12,429 Cr13,885 CrSign in for TTM
EBITDA2,056 Cr1,115 Cr862 Cr2,016 Cr1,768 Cr2,558 Cr2,694 Cr2,927 CrSign in for TTM
OPM %20.3%13.8%13.6%19.3%13.7%16.3%17.8%17.4%Sign in for TTM
Other income203 Cr188 Cr169 Cr196 Cr173 Cr227 Cr214 Cr199 CrSign in for TTM
Interest127 Cr171 Cr108 Cr160 Cr299 Cr491 Cr417 Cr323 CrSign in for TTM
Depreciation521 Cr548 Cr612 Cr730 Cr736 Cr848 Cr874 Cr971 CrSign in for TTM
Profit before tax1,599 Cr462 Cr-25 Cr1,381 Cr827 Cr1,439 Cr1,456 Cr1,667 CrSign in for TTM
Tax %35.4%24.4%-398.8%22.0%38.5%36.8%37.3%34.7%Sign in for TTM
Net profit1,033 Cr349 Cr-127 Cr1,077 Cr508 Cr910 Cr913 Cr1,089 CrSign in for TTM
EPS (₹)₹22.17₹7.51₹-2.71₹23.23₹11.35₹20.43₹20.05₹22.58Sign in for TTM
Dividend payout %———15.2%64.0%41.8%46.2%34.8%Sign in for TTM
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Trailing twelve months totals and margin rows

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital93 Cr93 Cr93 Cr93 Cr93 Cr93 Cr96 Cr96 Cr
Reserves5,283 Cr5,127 Cr5,322 Cr6,534 Cr6,612 Cr7,077 Cr9,125 Cr9,461 Cr
Borrowings3,773 Cr3,878 Cr4,580 Cr—6,852 Cr7,522 Cr6,288 Cr6,875 Cr
Other liabilities2,463 Cr2,433 Cr3,151 Cr8,982 Cr4,790 Cr4,662 Cr4,579 Cr5,829 Cr
Total liabilities11,642 Cr11,563 Cr13,178 Cr15,609 Cr18,384 Cr19,349 Cr20,088 Cr22,260 Cr
Fixed assets (net)3,561 Cr3,806 Cr4,414 Cr—5,272 Cr5,468 Cr5,847 Cr7,258 Cr
CWIP831 Cr1,143 Cr900 Cr—696 Cr977 Cr1,725 Cr1,251 Cr
Investments1,524 Cr1,496 Cr2,476 Cr—2,569 Cr1,849 Cr2,091 Cr1,767 Cr
Loans & advances3 Cr5 Cr3 Cr—13 Cr20 Cr17 Cr18 Cr
Inventories1,845 Cr1,735 Cr1,794 Cr—3,126 Cr3,216 Cr3,578 Cr4,053 Cr
Trade receivables2,148 Cr1,494 Cr1,410 Cr—3,087 Cr3,167 Cr2,900 Cr3,910 Cr
Cash & bank286 Cr313 Cr447 Cr—509 Cr1,315 Cr621 Cr848 Cr
Other assets1,445 Cr1,572 Cr1,734 Cr15,609 Cr3,111 Cr3,336 Cr3,309 Cr3,156 Cr
Total assets11,642 Cr11,563 Cr13,178 Cr15,609 Cr18,384 Cr19,349 Cr20,088 Cr22,260 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity———506 Cr1,294 Cr1,664 Cr1,796 Cr1,487 Cr
Cash from investing———-690 Cr-1,671 Cr-667 Cr-1,964 Cr-1,033 Cr
Cash from financing———310 Cr280 Cr-203 Cr-570 Cr-442 Cr
Net cash flow———111 Cr-91 Cr807 Cr-694 Cr227 Cr
Free cash flow (OCF − Capex)———-562 Cr298 Cr140 Cr346 Cr346 Cr

Ratios

Ratios as reported or derived per annual period.

MetricMar 2019Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %18.8%6.9%0.8%23.3%8.3%13.1%12.1%12.1%
ROE %18.6%6.2%3.6%16.3%6.8%13.3%10.2%11.3%
Debtor days776881—87747085
Inventory days158203263—188164202190
Days payable117121177—129116133140
Cash conversion cycle118150167—146122140134
Debt / equity0.700.740.00—1.021.050.680.72
Current ratio1.351.331.38—1.031.081.181.17
Net debt / EBITDA1.700.000.000.003.592.432.102.06

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