BHARATFORG

Bharat Forge Share PriceBharat Forge

₹1,193.3
16.15 (1.37%)
  • Advice
  • Hold
As on 12 December, 2023 | 01:01 BSE: 500493 NSE: BHARATFORGISIN: INE465A01025

Bharat Forge Performance

Day Range

  • Low 1,175.05
  • High 1,200.50
₹ 1,193.3

52 Week Range

  • Low 743.55
  • High 1,200.50
₹ 1,193.3
  • Open Price1,181.70
  • Previous Close1,177.15
  • Volume1031436

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Bharat Forge Share Price

  • Over 1 Month 14.69%
  • Over 3 Month 7%
  • Over 6 Month 46.31%
  • Over 1 Year 39.18%

Bharat Forge Key Statistics

P/E Ratio 70.9
PEG Ratio -3.7
Market Cap Cr 55,559
Price to Book Ratio 8.2
EPS 20.9
Dividend 0.5
Relative Strength Index 74.95
Money Flow Index 84.85
MACD Signal 22.96
Average True Range 23.28

Bharat Forge Investment Rating

  • Master Rating:
  • Bharat Forge has an operating revenue of Rs. 14,633.87 Cr. on a trailing 12-month basis. An annual revenue growth of 23% is outstanding, Pre-tax margin of 7% is okay, ROE of 7% is fair but needs improvement. The company has a reasonable debt to equity of 26%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 8% and 27% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 2% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 58 which is a POOR score indicating inconsistency in earnings, a RS Rating of 62 which is FAIR indicating the recent price performance, Buyer Demand at B which is evident from recent demand for the stock, Group Rank of 58 indicates it belongs to a fair industry group of Steel-Producers and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Bharat Forge Financials
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 2,2492,1271,9971,9521,8641,7591,674
Operating Expenses Qtr Cr 1,6431,5791,5091,4171,4111,3241,243
Operating Profit Qtr Cr 607549488535453435431
Depreciation Qtr Cr 113109105108107106104
Interest Qtr Cr 73716685362641
Tax Qtr Cr 1161057195908288
Net Profit Qtr Cr 346312245289268244262
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 7,7236,422
Operating Expenses Annual Cr 5,6624,539
Operating Profit Annual in Cr 1,9111,716
Depreciation Cr 426412
Interest Annual Cr 213107
Tax Annual Cr 337318
Net Profit Annual Cr 1,0451,078
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 788275
Cash from Investing Activity Annual Cr -601-249
Cash from Financing Annual Activity Cr -17275
Net Cash Flow Annual Cr 15102
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 7,7007,110
Fixed Assets Annual Cr 3,5413,549
Total Non Current Assets Annual Cr 7,8086,389
Total Current Assets Annual Cr 6,3866,452
Total Assets Annual Cr 14,19412,841
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 165153
ROE Annual % 1415
ROCE Annual % 1716
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 2730
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 3,7743,8773,6293,3533,0762,8513,573
Operating Expenses Qtr Cr 3,1533,2823,1912,8842,6442,4243,019
Operating Profit Qtr Cr 621595438469432428554
Depreciation Qtr Cr 211206181186188181214
Interest Qtr Cr 12411497109534063
Tax Qtr Cr 122128491029374105
Net Profit Qtr Cr 22722325183146164236
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 13,08310,657
Operating Expenses Annual Cr 11,1438,445
Operating Profit Annual in Cr 1,7682,016
Depreciation Cr 736730
Interest Annual Cr 299160
Tax Annual Cr 319303
Net Profit Annual Cr 5281,082
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 1,294506
Cash from Investing Activity Annual Cr -1,671-690
Cash from Financing Annual Activity Cr 280310
Net Cash Flow Annual Cr -97126
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 6,7066,571
Fixed Assets Annual Cr 6,5675,944
Total Non Current Assets Annual Cr 9,3827,678
Total Current Assets Annual Cr 9,0027,931
Total Assets Annual Cr 18,38415,609
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 145142
ROE Annual % 816
ROCE Annual % 1216
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1521

Bharat Forge Technicals

EMA & SMA

Current Price
₹1,193.3
16.15 (1.37%)
pointer
  • Bullish Moving Average
  • ___
  • 16
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • ₹1,125.92
  • 50 Day
  • ₹1,088.63
  • 100 Day
  • ₹1,038.89
  • 200 Day
  • ₹965.44
  • 20 Day
  • ₹1,111.40
  • 50 Day
  • ₹1,085.44
  • 100 Day
  • ₹1,043.72
  • 200 Day
  • ₹922.52

Bharat Forge Resistance and Support

PIVOT
₹1,189.62
Resistance
First Resistance 1,204.18
Second Resistance 1,215.07
Third Resistance 1,229.63
RSI 74.95
MFI 84.85
MACD Single Line 22.96
MACD 31.70
Support
First Resistance 1,178.73
Second Resistance 1,164.17
Third Resistance 1,153.28

Bharat Forge Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 1,063,596 35,236,935 33.13
Week 845,993 35,404,799 41.85
1 Month 1,058,621 49,628,157 46.88
6 Month 1,237,842 55,740,019 45.03

Bharat Forge Result Highlights

Bharat Forge Synopsis

NSE-Steel-Producers

Bharat Forge is involved in the business activities of Manufacture of other transport equipment. Company’s Total Operating Revenue is Rs. 7572.71 Cr. and Equity Capital is Rs. 93.13 Cr. for the Year ended 31/03/2023. 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 55,559
Sales 8,326
Shares in Float 25.61
No of funds 536
Yield 0.59
Book Value 7.22
U/D Vol ratio 1.1
LTDebt / Equity 16
Alpha 0.1
Beta 1.05

Bharat Forge

Owner NameSep-23Jun-23Mar-23Dec-22
Promoters 45.25%45.25%45.25%45.25%
Mutual Funds 19.81%20.28%19.89%19.47%
Insurance Companies 5.68%5.73%5.62%4.98%
Foreign Portfolio Investors 16.28%15.79%16.17%17.88%
Financial Institutions/ Banks 0.3%
Individual Investors 8.07%8.09%8.43%8.27%
Others 4.91%4.56%4.64%4.15%

Bharat Forge Management

Name Designation
Mr. B N Kalyani Chairman & Managing Director
Mr. G K Agarwal Deputy Managing Director
Mr. Amit B Kalyani Deputy Managing Director
Mr. B P Kalyani Executive Director
Mr. S E Tandale Executive Director
Mr. Kishore M Saletore Executive Director
Mr. Murali G Sivaraman Independent Director
Mr. Dipak B Mane Independent Director
Ms. Sonia Singh Independent Director
Mr. Pratap G Pawar Independent Director
Mrs. Lalita D Gupte Independent Director
Mr. P H Ravikumar Independent Director
Mr. Vimal R Bhandari Independent Director
Mr. K B S Anand Independent Director

Bharat Forge Forecast

Price Estimates

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

Other Analyst Rating

Bharat Forge Corporate Action

Date Purpose Remarks
2023-11-06 Quarterly Results
2023-08-09 Quarterly Results
2023-05-05 Audited Results & Final Dividend
2023-02-14 Quarterly Results
2022-11-14 Quarterly Results & Interim Dividend
Date Purpose Remarks
2023-07-07 FINAL Rs.5.50 per share(275%)Final Dividend
2022-11-25 INTERIM Rs.1.50 per share(75%)Interim Dividend
2022-07-15 FINAL Rs.5.50 per share(275%)Final Dividend
2021-11-26 INTERIM Rs.1.50 per share(75%)Interim Dividend
2021-07-16 FINAL Rs.2.00 per share(100%)Final Dividend

Bharat Forge MF Shareholding

Name Amount(cr)
HDFC Balanced Advantage Fund Growth 63,981
Kotak Flexicap Fund Growth 39,269
Kotak Emerging Equity Scheme Growth 33,700
Kotak Equity Arbitrage Fund Growth 28,958
Mirae Asset Emerging Bluechip Fund Growth 28,104

Bharat Forge FAQs

What is Share Price of Bharat Forge ?

Bharat Forge share price is ₹1,193 As on 12 December, 2023 | 00:47

What is the Market Cap of Bharat Forge ?

The Market Cap of Bharat Forge is ₹55558.7 Cr As on 12 December, 2023 | 00:47

What is the P/E ratio of Bharat Forge ?

The P/E ratio of Bharat Forge is 70.9 As on 12 December, 2023 | 00:47

What is the PB ratio of Bharat Forge ?

The PB ratio of Bharat Forge is 8.2 As on 12 December, 2023 | 00:47

Q2FY23