BHARATFORG

Bharat Forge Share PriceBharat Forge

₹866.15
-9.7 (-1.11%)
  • Advice
  • Hold
As on 07 February, 2023 | 17:35 BSE: 500493 NSE: BHARATFORG

Bharat Forge Performance

Day Range

  • Low
  • High

52 Week Range

  • Low
  • High
  • Open Price
  • Previous Close
  • Volume

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Bharat Forge Share Price

  • Over 1 Month -0.39%
  • Over 3 Month 1.32%
  • Over 6 Month 22.61%
  • Over 1 Year 18.55%

Bharat Forge Key Statistics

P/E Ratio 41.7
PEG Ratio 0.3
Market Cap Cr 40,327
Price to Book Ratio 6.1
EPS 20.7
Dividend 0.8
Relative Strength Index 52.99
Money Flow Index 35.04
MACD Signal 0.16
Average True Range 23.76

Bharat Forge Investment Rating

  • Master Rating:
  • Bharat Forge has an operating revenue of Rs. 11,895.63 Cr. on a trailing 12-month basis. An annual revenue growth of 64% is outstanding, Pre-tax margin of 14% is healthy, ROE of 16% is good. The company has a reasonable debt to equity of 27%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 14% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It is currently FORMING a base in its weekly chart and is trading around 4% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 23 which is a POOR score indicating inconsistency in earnings, a RS Rating of 72 which is FAIR indicating the recent price performance, Buyer Demand at C+ which is evident from recent supply seen, Group Rank of 37 indicates it belongs to a strong industry group of Steel-Producers and a Master Score of B is close to being the best. 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 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 1,8641,7591,674
Operating Expenses Qtr Cr 1,4111,3241,243
Operating Profit Qtr Cr 453435431
Depreciation Qtr Cr 107106104
Interest Qtr Cr 362641
Tax Qtr Cr 908288
Net Profit Qtr Cr 268244262

Bharat Forge Technicals

EMA & SMA

Current Price
₹866.15
-9.7 (-1.11%)
  • Bullish Moving Average
  • ___
  • 6
  • Bearish Moving Average
  • ___
  • 10
  • 20 Day
  • 869.79
  • 50 Day
  • 861.72
  • 100 Day
  • 833.94
  • 200 Day
  • 792.15
  • 20 Day
  • 870.12
  • 50 Day
  • 869.74
  • 100 Day
  • 831.82
  • 200 Day
  • 762.09

Bharat Forge Resistance and Support

PIVOT
₹874.29
Resistance
First Resistance 885.57
Second Resistance 895.29
Third Resistance 906.57
RSI 52.99
MFI 35.04
MACD Single Line 0.16
MACD 0.33
Support
First Resistance 864.57
Second Resistance 853.29
Third Resistance 843.57

Bharat Forge Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 1,092,442 42,222,883 38.65
Week 1,219,570 43,245,952 35.46
1 Month 889,832 34,783,517 39.09
6 Month 1,585,750 63,588,579 40.1

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. 6254.61 Cr. and Equity Capital is Rs. 93.13 Cr. for the Year ended 31/03/2022. 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 40,180
Sales 6,900
Shares in Float 25.61
No of funds 539
Yield 0.8
Book Value 5.74
U/D Vol ratio 1.1
LTDebt / Equity 18
Alpha 0.09
Beta 1.14

Bharat Forge

Owner NameDec-22Sep-22Jun-22Mar-22
Promoters 45.25%45.25%45.25%
Mutual Funds 19.47%18.04%18.9%
Insurance Companies 4.98%5.05%5.24%
Foreign Portfolio Investors 17.88%19.3%18.82%
Financial Institutions/ Banks 0.16%0.1%
Individual Investors 8.27%8.31%8.21%
Others 4.15%3.89%3.48%

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. P C Bhalerao Non Executive 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. Dipak B Mane Independent Director
Mr. Murali G Sivaraman 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
2023-02-14 Quarterly Results
2022-11-14 Quarterly Results & Interim Dividend
2022-08-11 Quarterly Results
2022-05-16 Audited Results & Final Dividend
2022-02-10 Quarterly Results
Date Purpose Remarks
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 51027
Kotak Flexicap Fund Growth 37418
ICICI Prudential Bluechip Fund Growth 35049
Mirae Asset Emerging Bluechip Fund Growth 24055
Kotak Emerging Equity Scheme Growth 23335

Bharat Forge FAQs

What is Share Price of Bharat Forge ?

Bharat Forge share price is ₹866 As on 07 February, 2023 | 17:21

What is the Market Cap of Bharat Forge ?

The Market Cap of Bharat Forge is ₹40327 Cr As on 07 February, 2023 | 17:21

What is the P/E ratio of Bharat Forge ?

The P/E ratio of Bharat Forge is 41.7 As on 07 February, 2023 | 17:21

What is the PB ratio of Bharat Forge ?

The PB ratio of Bharat Forge is 6.1 As on 07 February, 2023 | 17:21

Q2FY23