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BHARATFORG

Bharat Forge Ltd.

₹721.35
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Investment Ratings

  • Master Rating:
  • Bharat Forge has an operating revenue of Rs. 8,299.26 Cr. on a trailing 12-month basis. An annual revenue de-growth of -21% needs improvement, Pre-tax margin of 0% needs improvement, ROE of -2% is poor and needs improvement. The company has a reasonable debt to equity of 41%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move. It has recently broken out of a base in its weekly chart but failed to keep its momentum and is trading around -17% from the pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 77 which is a FAIR score but needs to improve its earnings, a RS Rating of 26 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at C which is evident from recent supply seen, Group Rank of 137 indicates it belongs to a poor industry group of Steel-Producers and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Analyst Recommendation : HOLD

Bharat Forge Ltd Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Ratings

Eps And Sales Estimates

Bharat Forge Ltd Synopsis

NSE-Steel-Producers

Bharat Forge is involved in the business activities of Manufacture of parts and accessories for motor vehicles. Company’s Total Operating Revenue is Rs. 3651.51 Cr. and Equity Capital is Rs. 93.13 Cr. for the Year ended 31/03/2021. Bharat Forge Ltd. is a Public Limited Listed company incorporated on 19/06/1961 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L25209PN1961PLC012046 and registration number is 012046.
  • Market Cap

    INR 33,585.26 Cr

  • Sales

    INR 5,321.51 Cr

  • Shares in Float

    25.61 Cr

  • No of Funds

    513 K

  • Yield

    0.5%

  • Book Value

    5.45

  • U/D Vol Ratio

    0.6

  • LTDebt/Equity

    30%

  • Alpha

    -0.03

  • Beta

    1.3

Bharat Forge Ltd Ownership
Bharat Forge Ltd Management

Bharat Forge Ltd Financials

INDICATORMar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Total ShareHolders Funds Annual Cr 5948.6275355.0635398.2214614.284231.932
Fixed Assets Annual Cr 3729.2243702.5833346.7882830.3112748.159
Total Non Current Assets Annual Cr 5879.5195454.5645531.7244914.4814172.904
Total Current Assets Annual Cr 5235.0274262.8744407.3383451.473504.121
Total Assets Annual Cr 11114.5469717.4389939.0628365.9517677.025
INDICATORMar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Book Value Per Share Annual Rs 127.753115.0054115.932499.0964181.7526
ROE Annual % 5.248.8419.8415.3213.82
ROCE Annual % 6.1411.6324.2623.216.29
Total Debt to Total Equity Annual -----
EBDIT Annual Margin % 23.7725.7731.7831.1430.32

Bharat Forge Ltd Technicals

EMA & SMA

CURRENT PRICE

721.35 (3.56)

    • Bullish Moving Averages 7
    • Bearish Moving Averages 9

EMA

  • 20 Day

    730.3

  • 50 Day

    751.24

  • 100 Day

    746.88

  • 200 Day

    713.96

Bharat Forge Ltd Resistance and support

693.94 PIVOT

  • First Resistance

    701.87

  • Second Resistance

    707.19

  • Third Resistance

    715.12

  • First Support

    688.62

  • Second Support

    680.69

  • Third Support

    675.37

  • RSI

    44.91

  • MFI

    32.49

  • MACD

    -21.08

  • MACD signal line

    -18.35

Bharat Forge Ltd Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 1,270,690 48,133,737 37.88%
Week 1,635,304 62,583,069 38.27%
1 Month 2,791,836 111,813,013 40.05%
6 Month 2,351,970 85,023,714 36.15%

Bharat Forge Ltd Price change analysis

-93.3

Over 1 month

Low High
678.85 848

-51.05

Over 3 month

Low High
678.85 848

-36.3

Over 6 months

Low High
678.85 848

177.3

Over Year

Low High
492.1 848

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News

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Muted heavy truck numbers in North American market, passenger vehicle sales impacted too Read More

Bharat Forge Ltd - 500493 - Announcement under Regulation 30

Transfer of Equity Shares to Investor Education and Protection Fund Read More

BHARAT FORGE LTD. - 500493 - Announcement under Regulation 3

Appointment of Link Intime India Pvt. Ltd. as the Registrar and Share Transfer Agents of the Company. Read More

BHARAT FORGE LTD. - 500493 - Change Of Name Of Subsidiary

Change of Name of Subsidiary Read More

Buy Bharat Forge target of Rs 861: Geojit

Geojit is bullish on Bharat Forge has recommended buy rating on the stock with a target price of Rs 861 in its research report dated Novembe Read More

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