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NSE BHARATFORG · BSE 500493 · Misc. Fabricated Products · NIFTY 500

Bharat Forge Share Price

Market closed · updated 25 Sep, 4:31 PM IST
₹1,993.10 ▼ −₹10.82 · 0.54% NSE · as of 24 Sep 2026, 9:31 AM · BSE ₹1,989.20
Today's range
₹1,974.95Low₹2,022.95High
52-week range
₹1,179.40Low · 26 Sep 2025₹2,293.00High · 10 Aug 2026

Bharat Forge Overview

Where the price stands, how it has moved and how it sits against its averages.

Bharat Forge shares last traded at ₹1,993.10 on the NSE, down 0.54% on the day. That is 13.1% below the 52-week high of ₹2,293.00 and 69.0% above the 52-week low of ₹1,179.40. The stock trades at 145.13× earnings, above the sector average of 31.45. Its market value is ₹95,101 Cr.

Price returns

1 Day▼ −0.54%
5 Days▲ +6.31%
This month▼ −4.79%
3 Months▼ −5.60%
6 Months▲ +15.40%
This year▲ +36.29%
1 Year▲ +60.19%

Against the market: 1 Month ▲ +3.48% · 3 Months ▼ −2.87% · 6 Months ▲ +16.09% · This year ▲ +55.22% · 1 Year ▲ +75.76%

Shading grows with the size of the move. Prices refresh every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next update from Mon 28 Sep, 9:15 AM.

Moving averages — price is above 4 of 6

  1. 50-day average₹2,082.46 ▼ price 4.3% below
  2. 100-day average₹2,036.12 ▼ price 2.1% below
  3. Today's price₹1,993.10
  4. 20-day average₹1,990.80 ▲ price 0.1% above
  5. 10-day average₹1,950.40 ▲ price 2.2% above
  6. 5-day average₹1,948.74 ▲ price 2.3% above
  7. 300-day average₹1,824.19 ▲ price 9.3% above

Averages above today's price sit higher on the ladder. Price above most of its averages is usually read as an upward trend.

Bharat Forge Financial Results

Revenue and net profit in ₹ crore, with the full statements underneath.

Revenue₹ crore
16,812
Net profit₹ crore · losses below zero
−126
1,082
1,080

Year by year

Fiscal yearRevenueGrowthNet profitNet marginEPSDividend
FY 2026 ₹16,812 Cr ▲ +11.2% ₹1,080 Cr 6.4% ₹22.58 ₹8.50
FY 2025 ₹15,123 Cr ▼ −3.6% ₹941 Cr 6.2% ₹20.05 ₹8.50
FY 2024 ₹15,682 Cr ▲ +21.5% ₹951 Cr 6.1% ₹20.43 ₹9.00
FY 2023 ₹12,910 Cr ▲ +23.4% ₹528 Cr 4.1% ₹11.35 ₹7.00
FY 2022 ₹10,461 Cr ▲ +65.1% ₹1,082 Cr 10.3% ₹23.23 ₹7.00
FY 2021 ₹6,336 Cr ▼ −21.3% −₹126 Cr −2.0% −₹2.71 ₹2.00
FY 2020 ₹8,056 Cr — ₹350 Cr 4.3% ₹7.51 ₹3.50

Balance sheet — FY26

Owes (liabilities)Shareholders' equity
57%
43%
  • Total assets₹22,260 Cr
  • Total liabilities₹12,680 Cr
  • Shareholders' equity₹9,580 Cr
  • Total debt₹7,309 Cr
  • Cash & investments₹2,153 Cr
  • Current ratio1.17×
  • Revenue growth, 5 yr21.55% a year
  • Operating margin (TTM)8.22%
  • Net margin (TTM)4.18%

Cash flow — FY26

Operating activities
▲ ₹1,487 Cr
Investing activities
▼ −₹1,033 Cr
Financing activities
▼ −₹442 Cr
Free cash flow
▲ ₹346 Cr
Net change in cash
▲ ₹6 Cr

Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.

Full financial statements, FY20–FY26
₹ croreFY20FY21FY22FY23FY24FY25FY26
Total revenue8,055.846,336.2610,461.0812,910.2615,682.0715,122.8016,811.65
Cost of revenue4,504.263,424.105,367.957,453.688,876.928,109.169,131.94
Gross profit3,551.582,912.165,093.135,456.586,805.157,013.647,679.72
Operating expenses7,533.006,390.499,115.9111,906.4913,984.8913,429.8715,006.61
Operating income522.85−54.231,345.161,003.771,697.181,692.941,805.04
Depreciation543.34603.71721.62735.59848.20873.62970.92
Profit before tax504.614.521,413.53826.951,433.681,459.531,676.64
Tax112.46101.51303.45318.56528.83542.55577.77
Net profit349.83−126.381,081.76528.36951.13941.151,079.66
EPS (₹)7.51−2.7123.2311.3520.4320.0522.58
Dividend per share (₹)3.502.007.007.009.008.508.50

What Analysts Say

24 analysts

Recommendations from 24 analysts who cover Bharat Forge.

Hold average rating 2.71 on a 1–5 scale

▲ 10 bullish (41.7%) · 6 hold (25.0%) · ▼ 8 bearish (33.3%)

Votes

Strong Buy
8 (33%)
Buy
2 (8%)
Hold
6 (25%)
Sell
5 (21%)
Strong Sell
3 (13%)

How the votes changed

Rating3M ago2M ago1M ago1W agoNow3-month change
Strong Buy66888 ▲ +2
Buy44322 ▼ −2
Hold56666 ▲ +1
Sell55555 —
Strong Sell33333 —

Analyst ratings are opinions, not a guarantee of returns.

Bharat Forge vs Peers

Side by side with other misc. fabricated products companies. The small bars compare each column.

CompanyPriceChangeMarket capP/EP/BROE (5 yr)Net marginDiv. yieldRating
Bharat Forge ₹1,993.10 ▼ −0.54% ₹95,101 Cr 145.13 10.00 12.32% 4.18% 0.42% This stock
Havells India ₹1,089.60 ▼ −0.63% ₹68,379 Cr 44.05 7.88 18.76% 6.92% 0.84% Bearish
Schaeffler India ₹4,026.75 ▼ −1.40% ₹63,140 Cr 56.22 10.72 19.83% 12.03% 0.84% Neutral
Sterlite Technologies ₹823.80 ▼ −5.00% ₹42,336 Cr 464.49 11.20 3.20% 1.18% — Bullish
R R Kabel ₹2,518.60 ▲ +1.71% ₹28,565 Cr 51.24 10.08 17.80% 5.06% 0.48% Bullish
Timken India ₹3,254.55 ▼ −0.85% ₹24,489 Cr 56.97 8.11 17.84% 11.78% 0.08% Neutral

Rating = the data provider's overall technical view of each peer. Company names link to their own pages.

Shareholding Pattern

Who owns Bharat Forge shares, quarter by quarter (latest on top).

PromoterFIIMFOther
Sep '26
43.1%
15.2%
21.6%
20.1%
Jun '26
Mar '26
Dec '25
HolderDec '25Mar '26Jun '26Sep '26Change
Promoter44.07%44.07%44.07%43.12% ▼ −0.95 pts
FII12.40%14.15%15.04%15.18% ▲ +0.14 pts
MF22.70%21.05%20.74%21.57% ▲ +0.83 pts
Other20.83%20.73%20.15%20.13% ▼ −0.02 pts

Bharat Forge Key Metrics

Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.

Bharat ForgeBenchmarkComfortable → stretched

Valuation Is the price reasonable?

P/E (TTM)Price ÷ yearly earnings per share
145.13
▲ 361% above the sector average of 31.45
P/E, 12-month rangeLow 27.78 · high 145.13
100%
Today's P/E sits 100% of the way from its low to its high
P/BPrice ÷ book value per share
10.00
P/SPrice ÷ sales per share
5.58
P/CFPrice ÷ cash flow per share
56.24
PEGP/E ÷ earnings growth (≈1 is fair)
5.26

Profitability Of every ₹100 of sales, how much is kept?

Gross marginKept after the cost of goods
54.61%
▲ above its 5-yr average of 45.15%
Operating marginKept after running costs
8.22%
▼ below its 5-yr average of 10.63%
Pre-tax marginKept before tax
7.51%
▼ below its 5-yr average of 9.59%
Net marginKept as profit
4.18%
▼ below its 5-yr average of 6.39%

Returns & efficiency How well does it use its money?

Return on equityProfit on shareholders' money
11.47%
▼ below its 5-yr average of 12.32%
Return on assetsProfit on everything it owns
5.19%
▲ above its 5-yr average of 4.98%
Return on investmentProfit on long-term capital
9.11%
▲ above its 5-yr average of 8.79%

Growth Is the business getting bigger?

Revenue — last 12 months
+17.5%
▲ growing
Revenue — 3 yr, a year
+9.2%
▲ growing
Revenue — 5 yr, a year
+21.6%
▲ growing
EPS — last 12 months
−31.6%
▼ shrinking (off the scale)
EPS — 3 yr, a year
+25.8%
▲ growing (off the scale)
Dividend — 3 yr, a year
+6.7%
▲ growing
Book value — 5 yr, a year
+11.5%
▲ growing

Financial strength Can it pay its bills and debts?

Debt to equityBorrowings for every ₹1 of shareholders' money
0.76×
• Moderate
Current ratioShort-term assets for every ₹1 due within a year
1.17×
• Adequate
Quick ratioLike the current ratio, without inventory
0.73×
• Adequate
Interest coverOperating profit ÷ interest to pay
10.94×
✓ Strong
Payout ratioShare of profit paid as dividend
37.64%
✓ Balanced

Per share What each share stands for

EPS (TTM)
₹14.77
Book value
₹200.37
Cash flow
₹36.44
Dividend
₹8.50
Revenue
₹367.15

The share price is 9.95× the book value behind each share.

Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.

All 108 metrics from the data provider

Valuation

P/E excluding extraordinary items, most recent fiscal year88.74
Current Dividend Yield - Common Stock Primary Issue, LTM0.42
Price to Book - most recent fiscal year10.00
P/E Basic excluding extraordinary items - TTM145.13
P/E including extraordinary items - TTM135.65
P/E excluding extraordinary items low, trailing 12 months27.78
Price to Tangible Book - most fiscal year10.78
Dividend Yield - 5 Year Average0.73
Price to sales - most recent fiscal year5.83
Dividend Yield - indicated annual dividend divided by closing price0.42
Price to Cash Flow per share - trailing 12 month56.24
Peg Ratio5.26
P/E Normalized, most recent fiscal year81.98
P/E excluding extraordinary items high, trailing 12 months145.13
P/E excluding extraordinary items, most recent fiscal year quarter135.65
Price to sales - trailing 12 month5.58
Net Debt, LFY51,558.77

Per share

Dividend Per Share - 5 year average8.00
Cash Flow per share - trailing 12 month36.44
Cash Flow per share - most recent fiscal year43.29
EPS including extraordinary items - trailing 12 month14.77
EPS including extraordinary items - most recent fiscal year22.58
EBITD per share - trailing 12 month62.02
Revenue/share - trailing 12 month367.15
EPS excluding extraordinary items - trailing 12 month14.77
EPS Basic excluding extraordinary items - most recent fiscal year22.58
EPS Basic excluding extraordinary items - trailing 12 month14.77
Book value per share - most recent fiscal year200.38
Dividend per share - most recent fiscal year8.50
Revenue/share - most recent fiscal year351.64
EPS Normalized - most recent fiscal year24.45
Book value (tangible) per share - most recent fiscal year189.96
Dividends per share - trailing 12 month8.50
EPS excluding extraordinary items - most recent fiscal year22.58
Cash per share - most recent fiscal year45.03

Margins

Operating margin - trailing 12 month8.22
Gross Margin - 5 year average45.15
Operating margin - 1st historical fiscal year10.74
Operating Margin - 5 year average10.63
Net Profit Margin % - 1st historical fiscal year6.54
Gross Margin - 1st historical fiscal year45.68
Net Profit Margin % - trailing 12 month4.18
Net Profit Margin - 5 year average6.39
Pretax Margin - 5 year average9.59
Pretax margin - 1st historical fiscal year9.97
Pretax margin - trailing 12 month7.51
Free Operating Cash Flow/Revenue, 5 Year Average−1.63
Gross Margin - trailing 12 month54.61

Growth

EPS Change %, TTM over TTM−31.59
Revenue growth rate, 5 year21.55
Revenue Change % - most recent quarter 1 year ago18.71
Growth rate% - dividend, 3 year6.69
Growth rate% - EPS, 3 year25.78
Revenue/share (5 yr growth)20.91
Tangible Book Value, Total Equity, 5 Year CAGR11.10
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year Interim CAGR17.69
Capital Spending growth rate, 5 year4.52
Revenue Change %, TTM over TTM17.54
Growth rate% - Revenue, 3 year9.20
Book value per share growth rate, 5 year11.49
EPS Change % - most recent quarter 1 year ago−131.70
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR27.66
Total Debt, 5 Year CAGR6.76

Financial strength

Net Interest coverage - most recent fiscal year10.94
Free Cash Flow - most recent fiscal year−335.09
LT debt/equity - most recent fiscal year0.23
Quick ratio - most recent fiscal year0.73
Payout ratio - trailing 12 month44.00
Current ratio - most recent fiscal year1.17
Current EV/Free Cash Flow, LFY187.51
Total debt/total equity - most recent fiscal year0.76
Net Interest coverage - trailing 12 month5.91
Payout ratio - most recent fiscal year37.64

Returns & efficiency

Return on average equity - 5 year average12.32
Net Income/employee - trailing 12 month18,53,958.00
Revenue/employee - most recent fiscal year4,24,32,240.00
Return on investment - most recent fiscal year9.11
Return on average assets - most recent fiscal year5.19
Receivables turnover - most recent fiscal year4.93
Inventory turnover - most recent fiscal year2.28
Revenue/employee - trailing 12 month4,43,67,340.00
Return on average assets - 5 year average4.98
Net Income/employee - most recent fiscal year27,73,521.00
Asset turnover - most recent fiscal year0.79
Return on average equity - most recent fiscal year11.47
Return on investment - 5 year average8.79

Price & volume

Market Cap96,191.43
52 week Low Date26 Sep 2025
Price - 1 Day % Change−0.25
Relative (S&P500) price percent change - 13 week−2.87
Avg trading volume last 10 days0.67
Price - 13 week price percent change−5.60
Price - 52 week price percent change60.19
Avg Trading Volume Last 3 months23.51
Price - 5 Day % Change6.31
Price % Change Month To Date−4.79
Relative (S&P500) price percent change - 04 week3.48
52 week High Date10 Aug 2026
Price - 26 week price percent change15.40
PDATE23 Sep 2026
Price - YTD price percent change36.29
Relative (S&P500) price percent change - 52 week75.76
NPRICE2,004.00
Relative (S&P500) price percent change - 26 week16.09
52 week Low1,179.00
52 week High2,295.00
Beta1.33
Relative (S&P500) price percent change - Year to Date55.22

Dividends & Corporate Events

Payouts to shareholders, splits and bonus issues, and company meetings — newest first.

Dividend per share₹ per share, by fiscal year
₹9.00
₹8.50
  • Dividend yield0.42%
  • Payout ratio37.64%
  • 5-year average dividend₹8.00 a share
  • Latest dividend₹6.50 per share · 3 Jul 2026

Corporate calendar

  • MeetingPostal Ballot
  • MeetingAnnual General Meeting
  • BoardQuarterly Results
  • Dividend₹6.50 per share · 325% · Final dividend
  • BoardAudited Results & Final Dividend
  • MeetingPostal Ballot
  • Dividend₹2.00 per share · 100% · Interim dividend
  • BoardQuarterly Results & Interim Dividend
Show 14 older events
  • BoardQuarterly Results
  • MeetingAnnual General Meeting
  • BoardQuarterly Results
  • Dividend₹6.00 per share · 300% · Final dividend
  • MeetingPostal Ballot
  • BoardAudited Results & Final Dividend
  • Dividend₹2.50 per share · 125% · Interim dividend
  • MeetingPostal Ballot
  • BoardQuarterly Results & Interim Dividend
  • BoardQuarterly Results
  • Dividend₹6.50 per share · 325% · Final dividend
  • Dividend₹2.50 per share · 125% · Interim dividend
  • Dividend₹5.50 per share · 275% · Final dividend
  • Dividend₹1.50 per share · 75% · Interim dividend

About Bharat Forge

Misc. Fabricated Products

Bharat Forge Limited is an India-based global provider of safety and critical components and solutions to various sectors, including automotive, power, oil and gas, construction and mining, rail, marine, defense and aerospace. Its segments include Forgings, Defence and Others. The Forgings produces and sells forged products comprising forgings and machined components for automotive and industrial sectors. The Defence segment produces and sells products which have an application in defense related activities. Forged components used in defense related activities are included as a part of the Forgings segment. Others include various initiatives which the Company is carrying out other than forging and defense related activities. Its power products include thermal, such as shafts and others; hydro, such as rotor and others; wind, such as shafts and gear boxes, and nuclear, such as high-pressure valves and nozzles. It has a global manufacturing footprint with presence across five countries.

Key people

  • Babasaheb Neelkanth KalyaniExecutive Chairman of the Board, Managing Director
  • Amit Babasaheb KalyaniExecutive Vice Chairman of the Board, Joint Managing Director
  • Kedar DixitChief Financial Officer, Senior Vice President
  • Tejaswini Ramkrishna ChaudhariCompliance Officer, Company Secretary
  • Basavraj Prabhakar KalyaniWhole-Time Director
  • Subodh Eknath TandaleExecutive Director

Company facts

  • NSE symbolBHARATFORG
  • BSE code500493
  • ISININE465A01025
  • IndustryMisc. Fabricated Products
  • IndexNIFTY 500
  • Market cap₹95,101 Cr
  • Revenue (FY26)₹16,812 Cr
  • Net profit (FY26)₹1,080 Cr

In the News

Recent headlines about Bharat Forge — they open on Mint in a new tab.

Stock data comes from the exchange feed via our data provider and may be delayed. It is for information only and is not a recommendation to buy or sell. See all stocks →

Frequently Asked Questions

Bharat Forge (NSE: BHARATFORG) last traded at ₹1,993.10 on the NSE, down 0.54% (₹10.82) on the day, as of 24 Sep 2026, 9:31 AM. On the BSE it was ₹1,989.20. The day's range was ₹1,974.95 – ₹2,022.95.

Bharat Forge's 52-week high is ₹2,293.00 (10 Aug 2026) and its 52-week low is ₹1,179.40 (26 Sep 2025). At ₹1,993.10 the share is 13.1% below its high and 69.0% above its low.

Bharat Forge's market capitalisation is ₹95,101 Cr (₹95,101 Cr). It is part of the NIFTY 500 index.

Bharat Forge's P/E ratio (trailing 12 months) is 145.13. The sector average is 31.45, so investors pay 361% more for each rupee of its earnings than for the average company in its sector. Its earnings per share (TTM) are ₹14.77.

Bharat Forge shares are up 60.19% over the last year, up 36.29% so far this year, up 15.40% over 6 months, down 5.60% over 3 months. Over the last year the stock did 75.76% better than the market.

In FY26 (year to Mar 2026), Bharat Forge reported revenue of ₹16,812 Cr (up 11.17% on the year before) and a net profit of ₹1,080 Cr. Earnings per share were ₹22.58.

Yes. Bharat Forge's latest dividend is ₹6.50 per share (325%, final dividend), with an ex-date of 3 Jul 2026. The dividend yield is 0.42%. It has paid 8 dividends in the records shown on this page.

Of 24 analysts covering Bharat Forge, 10 are bullish (8 strong buy, 2 buy), 6 say hold and 8 are bearish. The consensus is Hold (average rating 2.71 on a scale where 1 is Strong Buy and 5 is Strong Sell). Analyst views are opinions, not a guarantee.

As of Sep 2026: Promoter 43.12%, FII 15.18%, MF 21.57%, Other 20.13%. Promoter holding fell by 0.95 percentage points from Jun 2026.

Bharat Forge's listed peers in Misc. Fabricated Products include Havells India, Schaeffler India, Sterlite Technologies, R R Kabel, Timken India. By market capitalisation it ranks #1 of 6 in this group.