Bharat Forge (BHARATFORG.NS) Stock Price

Bharat Forge Price

NSE·CLOSED
2,065.00INR-10.90 (-0.53 %)
Market closed

Revenue has compounded at 8.9% per year over the past 19 years to 151.23 B INR. Earnings per share have grown at 6.9% per year over the last 19 years. Bharat Forge's net margin stands at 6.2%, up from -2.0% several years earlier. Bharat Forge currently offers a dividend yield of about 0.41%. The payout ratio is around 42% of earnings. The dividend has grown at 5.6% per year over the past 19 years. Analysts set a median price target of 1,688.10 INR, implying 18.3% below the current price. Of 28 analysts, 6 rate the stock a buy — an overall Sell consensus. The stock trades about 87% above its 52-week low.

Bharat Forge stock price

Volume
Ex-Dividend
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of Bharat Forge over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Bharat Forge stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Bharat Forge's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Bharat Forge Stock Price History
DateBharat Forge Price
8/14/20262,065.00 INR
8/13/20262,075.90 INR
8/11/20262,051.00 INR
8/10/20262,093.10 INR
8/7/20262,265.20 INR
8/6/20262,210.00 INR
8/5/20262,197.10 INR
8/4/20262,188.90 INR
7/31/20262,199.80 INR
7/30/20262,164.10 INR
7/28/20262,154.70 INR
7/24/20262,151.60 INR
7/23/20262,167.10 INR
7/22/20262,185.50 INR
7/21/20262,201.80 INR
7/20/20262,209.00 INR
7/17/20262,121.80 INR
7/15/20262,100.40 INR
7/14/20262,119.70 INR
7/13/20262,145.60 INR
7/10/20262,117.00 INR
7/9/20262,130.60 INR
7/8/20262,100.50 INR
7/7/20262,111.60 INR
7/6/20262,138.70 INR
7/3/20262,137.90 INR
7/2/20262,148.90 INR
7/1/20262,108.80 INR
6/30/20262,144.10 INR
6/29/20262,170.90 INR
6/25/20262,145.30 INR
6/24/20262,122.80 INR
6/23/20262,152.30 INR
6/22/20262,103.80 INR
6/19/20262,041.40 INR
6/18/20262,019.90 INR
6/17/20262,034.50 INR
6/16/20262,012.30 INR
6/15/20262,005.60 INR
6/12/20261,945.10 INR
6/11/20261,942.90 INR
6/10/20261,905.20 INR
6/9/20261,925.40 INR
6/8/20261,893.10 INR
6/5/20261,929.80 INR
6/4/20261,937.50 INR
6/3/20261,936.50 INR
6/2/20261,902.90 INR
6/1/20261,922.70 INR
5/29/20261,957.20 INR
5/27/20261,938.60 INR
5/26/20261,930.40 INR
5/25/20261,918.30 INR
5/22/20261,897.70 INR
5/21/20261,898.80 INR
5/20/20261,851.80 INR
5/19/20261,857.30 INR
5/18/20261,891.00 INR
5/15/20261,913.10 INR
5/14/20261,948.90 INR
5/13/20261,945.90 INR
5/12/20261,913.00 INR
5/11/20261,987.00 INR
5/8/20261,989.70 INR
5/7/20261,992.90 INR
5/6/20261,873.80 INR
5/5/20261,866.60 INR
5/4/20261,845.80 INR
5/1/20261,881.60 INR
4/30/20261,881.60 INR
4/29/20261,907.80 INR
4/28/20261,894.80 INR
4/27/20261,901.10 INR
4/24/20261,856.00 INR
4/23/20261,874.10 INR
4/22/20261,903.20 INR
4/21/20261,895.80 INR
4/20/20261,866.20 INR
4/17/20261,860.50 INR
4/16/20261,855.80 INR
4/15/20261,831.60 INR
4/13/20261,801.30 INR
4/10/20261,798.80 INR
4/9/20261,739.40 INR
4/8/20261,781.40 INR
4/7/20261,671.30 INR
4/6/20261,670.60 INR
4/2/20261,642.60 INR
4/1/20261,668.40 INR
3/30/20261,674.60 INR
3/27/20261,725.10 INR
3/25/20261,736.50 INR
3/24/20261,708.80 INR
3/23/20261,648.60 INR
3/20/20261,711.50 INR
3/19/20261,712.40 INR
3/18/20261,804.40 INR
3/17/20261,746.00 INR
3/16/20261,697.00 INR
3/13/20261,675.10 INR
3/12/20261,779.60 INR
3/11/20261,797.10 INR
3/10/20261,842.20 INR
3/9/20261,862.30 INR
3/6/20261,923.90 INR
3/5/20261,898.40 INR
3/4/20261,841.80 INR
3/2/20261,879.30 INR
2/27/20261,911.20 INR
2/26/20261,912.00 INR
2/25/20261,902.00 INR
2/24/20261,858.30 INR
2/23/20261,832.00 INR
2/20/20261,780.00 INR
2/19/20261,758.20 INR
2/18/20261,771.40 INR
2/17/20261,751.20 INR
2/16/20261,727.40 INR
2/13/20261,738.80 INR
2/12/20261,726.70 INR
2/11/20261,676.40 INR
2/10/20261,614.00 INR
2/9/20261,590.40 INR
2/6/20261,557.50 INR
2/5/20261,573.20 INR
2/4/20261,591.00 INR
2/3/20261,539.00 INR
2/2/20261,443.70 INR
1/30/20261,441.40 INR
1/29/20261,437.90 INR
1/28/20261,459.10 INR
1/27/20261,418.50 INR
1/23/20261,408.80 INR
1/22/20261,431.50 INR
1/21/20261,380.00 INR
1/20/20261,394.10 INR
1/19/20261,415.10 INR
1/16/20261,457.40 INR
1/14/20261,447.20 INR
1/13/20261,460.30 INR
1/12/20261,456.60 INR
1/9/20261,444.50 INR
1/8/20261,454.10 INR
1/7/20261,483.40 INR
1/6/20261,474.70 INR
1/5/20261,482.30 INR
1/2/20261,477.20 INR
1/1/20261,464.40 INR
12/31/20251,470.40 INR
12/30/20251,454.60 INR
12/29/20251,445.70 INR
12/26/20251,443.80 INR
12/24/20251,450.50 INR
12/23/20251,460.20 INR
12/22/20251,456.20 INR
12/19/20251,439.90 INR
12/18/20251,407.50 INR
12/17/20251,413.30 INR
12/16/20251,417.40 INR
12/15/20251,414.10 INR
12/12/20251,426.60 INR
12/11/20251,407.40 INR
12/10/20251,383.80 INR
12/9/20251,383.30 INR
12/8/20251,373.60 INR
12/5/20251,406.00 INR
12/4/20251,394.30 INR
12/3/20251,406.70 INR
12/2/20251,421.40 INR
12/1/20251,433.00 INR
11/28/20251,433.80 INR
11/27/20251,433.40 INR
11/26/20251,431.30 INR
11/25/20251,409.70 INR
11/24/20251,412.20 INR
11/21/20251,410.20 INR
11/20/20251,435.40 INR
11/19/20251,446.20 INR
11/18/20251,396.60 INR
11/17/20251,383.70 INR
11/14/20251,396.70 INR
11/13/20251,388.80 INR
11/12/20251,389.20 INR
11/11/20251,402.10 INR
11/10/20251,328.40 INR
11/7/20251,317.10 INR
11/6/20251,319.70 INR
11/4/20251,324.90 INR
11/3/20251,340.70 INR
10/31/20251,324.70 INR
10/30/20251,317.20 INR
10/29/20251,322.20 INR
10/28/20251,308.10 INR
10/27/20251,301.40 INR
10/24/20251,283.90 INR
10/23/20251,300.10 INR
10/21/20251,243.40 INR
10/20/20251,247.70 INR
10/17/20251,241.60 INR
10/16/20251,265.20 INR
10/15/20251,232.60 INR
10/14/20251,222.90 INR
10/13/20251,226.20 INR
10/10/20251,220.00 INR
10/9/20251,209.30 INR
10/8/20251,191.00 INR
10/7/20251,216.80 INR
10/6/20251,234.60 INR
10/3/20251,220.20 INR
10/1/20251,219.60 INR
9/30/20251,212.40 INR
9/29/20251,214.00 INR
9/26/20251,181.10 INR
9/25/20251,207.30 INR
9/24/20251,209.00 INR
9/23/20251,251.00 INR
9/22/20251,256.00 INR
9/19/20251,272.70 INR
9/18/20251,268.60 INR
9/17/20251,268.60 INR
9/16/20251,263.20 INR
9/15/20251,237.20 INR
9/12/20251,223.00 INR
9/11/20251,211.90 INR
9/10/20251,199.90 INR
9/9/20251,181.70 INR
9/8/20251,202.80 INR
9/5/20251,136.70 INR
9/4/20251,131.40 INR
9/3/20251,135.60 INR
9/2/20251,134.60 INR
9/1/20251,126.40 INR
8/29/20251,106.70 INR
8/28/20251,124.60 INR
8/26/20251,122.30 INR
8/25/20251,139.40 INR
8/22/20251,123.00 INR
8/21/20251,154.10 INR
8/20/20251,158.90 INR
8/19/20251,188.50 INR
8/18/20251,184.50 INR
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Bharat Forge Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
129.10 B INR
10.50 B INR
5.28 B INR
Jan 1, 2024
156.82 B INR
17.10 B INR
9.51 B INR
Jan 1, 2025
151.23 B INR
18.50 B INR
9.41 B INR
Jan 1, 2026 (e)
164.74 B INR
22.88 B INR
12.76 B INR
Jan 1, 2027 (e)
198.91 B INR
27.62 B INR
17.22 B INR
Jan 1, 2028 (e)
227.69 B INR
31.62 B INR
22.04 B INR
Jan 1, 2029 (e)
243.92 B INR
33.88 B INR
26.96 B INR
Jan 1, 2030 (e)
267.84 B INR
37.20 B INR
34.32 B INR

Bharat Forge Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 16, 2026, 2:25 PM
 
REVENUEB INR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB INR
EBITB INR
EBIT MARGIN%
NET INCOMEB INR
NET INCOME GROWTH%
DIV.INR
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
76.2270.0265.9884.15101.4680.5663.36104.61129.10156.82151.23164.74198.91227.69243.92267.84
13.50-8.14-5.7627.5320.57-20.60-21.3465.1023.4121.47-3.578.9320.7414.477.139.80
44.4948.9548.3948.8947.0544.0945.9648.6942.2643.3946.3846.3846.3846.3846.3846.38
33.9134.2731.9341.1447.7435.5229.1250.9354.5768.0570.1476.4092.25105.60113.13124.22
11.1610.008.2213.1915.226.062.6112.6210.5017.1018.5022.8827.6231.6233.8837.20
14.6414.2812.4615.6715.007.524.1112.068.1310.9012.2313.8913.8913.8913.8913.89
7.636.797.057.6210.323.50-1.2610.825.289.519.4112.7617.2222.0426.9634.32
52.96-11.023.858.2035.39-66.11-136.13-955.85-51.1680.03-1.0535.5435.0327.9422.3627.27
7.507.502.255.004.002.003.507.005.509.008.508.008.478.98––
66.67–-70.00122.22-20.00-50.0075.00100.00-21.4363.64-5.56-5.885.886.02––
466.00466.00466.00466.00466.00466.00466.00466.00465.59465.59469.46469.46469.46469.46469.46469.46
Details

Income Statement Key Figures

ⓘ

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Bharat Forge generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Bharat Forge retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Bharat Forge's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Bharat Forge has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Bharat Forge's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Bharat Forge stock margins

The Bharat Forge margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Bharat Forge. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Bharat Forge.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
45.96 %
4.11 %
-1.99 %
Jan 1, 2022
48.69 %
12.06 %
10.34 %
Jan 1, 2023
42.27 %
8.13 %
4.09 %
Jan 1, 2024
43.39 %
10.90 %
6.07 %
Jan 1, 2025
46.38 %
12.23 %
6.22 %
Jan 1, 2026 (e)
46.38 %
13.89 %
7.74 %
Jan 1, 2027 (e)
46.38 %
13.89 %
8.66 %
Jan 1, 2028 (e)
46.38 %
13.89 %
9.68 %

Bharat Forge Stock Revenue, EBIT, Earnings per Share

The Bharat Forge earnings per share therefore indicates how much revenue Bharat Forge has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
135.97 INR
5.59 INR
-2.71 INR
Jan 1, 2022
224.49 INR
27.07 INR
23.21 INR
Jan 1, 2023
277.29 INR
22.54 INR
11.35 INR
Jan 1, 2024
336.82 INR
36.72 INR
20.43 INR
Jan 1, 2025
322.13 INR
39.41 INR
20.05 INR
Jan 1, 2026 (e)
350.91 INR
48.73 INR
27.17 INR
Jan 1, 2027 (e)
423.70 INR
58.84 INR
36.69 INR
Jan 1, 2028 (e)
485.00 INR
67.36 INR
46.94 INR

Bharat Forge business model & stock analysis

Bharat Forge Ltd is an Indian company founded in 1961 by Mr. B.N. Kalyani. Since then, it has become one of the largest forging companies in the world, offering a wide range of products and services. The company's business model is based on the development and production of forged parts used in the aerospace, automotive, oil and gas, power, railways, and other industrial sectors. Services offered include design, engineering, prototype development, logistics, and repair. One of Bharat Forge's key sectors is the automotive industry. The company is a significant supplier of forged parts for cars, trucks, and buses in the Indian and global markets. Products include crankshafts, connecting rods, axles, steering systems, wheel hubs, forged components, and more. In addition to the automotive industry, Bharat Forge also has a strong presence in the aerospace industry, producing both civilian and military aircraft parts. The company collaborates with international partners such as Boeing, Airbus, Rolls-Royce, Pratt & Whitney, and GE Aviation. Bharat Forge is also a major supplier of forged parts in the oil and gas industry, used in drilling and other applications. In the renewable energy sector, the company produces components for the wind power industry, such as rotor hubs and gearbox housings. Bharat Forge is one of the few companies capable of manufacturing heavy forged parts required for the wind industry. Bharat Forge is also active in other industries such as rail transportation and petrochemicals. In the rail sector, the company produces forged axles, couplings, brake components, and other parts. In the petrochemical industry, Bharat Forge develops and manufactures forged parts for pipelines, valves, and pumps. To offer a wide range of forged parts and services, Bharat Forge has made several acquisitions and formed joint ventures in recent years. It has acquired companies specializing in alloys, aluminum parts, forged components, and other materials to expand its product range. As part of its business diversification strategy, the company has also invested in new technologies such as 3D printing and additive manufacturing. In 2018, Bharat Forge acquired a stake in German company Kostwein Maschinenbau GmbH, which offers solutions for additive manufacturing of metal parts. In recent years, the company has also initiated efforts to reduce its CO2 emissions and improve sustainability. It has installed a solar project in Maharashtra and wind turbines in Tamil Nadu and Rajasthan to meet part of its energy needs from renewable sources. The company is also working to make its processes and logistics more efficient to reduce resource and energy consumption. In conclusion, Bharat Forge Ltd is a significant manufacturer of forged parts with a wide range of products and services. The company has a strong presence in various industries such as the automotive industry, aerospace, oil and gas, rail transportation, and renewable energy. It has also invested in new technologies and sustainability initiatives to diversify its business and be future-oriented.

Bharat Forge SWOT Analysis

Strengths

[ { "text": "Leading", "heading": "1." }, { "text": "Technological", "heading": "2." }, { "text": "Strong", "heading": "3." }, { "text": "Well-established", "heading": "4." } ]

Weaknesses

[ { "text": "Overdependence", "heading": "1." }, { "text": "Vulnerability", "heading": "2." }, { "text": "Limited", "heading": "3." }, { "text": "High", "heading": "4." } ]

Opportunities

[ { "text": "Expansion", "heading": "1." }, { "text": "Growth", "heading": "2." }, { "text": "Increasing", "heading": "3." }, { "text": "Strategic", "heading": "4." } ]

Threats

[ { "text": "Intense", "heading": "1." }, { "text": "Economic", "heading": "2." }, { "text": "Rapid", "heading": "3." }, { "text": "Regulatory", "heading": "4." } ]

Bharat Forge Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Bharat Forge historical P/E ratio, EBIT multiple, and P/S ratio

Bharat Forge annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Bharat Forge shares outstanding

The number of shares of Bharat Forge was 469.46 M in 2025. This indicates how many shares Bharat Forge is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
466.00 M Stocks
Jan 1, 2022
466.00 M Stocks
Jan 1, 2023
465.59 M Stocks
Jan 1, 2024
465.59 M Stocks
Jan 1, 2025
469.46 M Stocks
Jan 1, 2026 (e)
469.46 M Stocks
Jan 1, 2027 (e)
469.46 M Stocks
Jan 1, 2028 (e)
469.46 M Stocks

Bharat Forge stock splits

In Bharat Forge's history, there have been no stock splits.

Bharat Forge Dividend History

31 years of dividend payments

YearAnnual DividendYoY ChangePayments
20262.00INRYTD—1×
Feb 18, 20262.00INR↓ 66.7%1/1
20258.50INR↓ 5.6%2×
Feb 18, 20252.50INR↓ 61.5%1/2
Jul 4, 20256.00INR↑ 140.0%2/2
20249.00INR↑ 63.6%2×
20235.50INR↓ 21.4%1×
20227.00INR↑ 100.0%2×
20213.50INR↑ 75.0%2×
20202.00INR↓ 50.0%1×
20194.00INR↓ 20.0%2×
20185.00INR↓ 47.4%2×
20179.50INR↑ 26.7%3×

Bharat Forge dividend history and estimates

In 2025, Bharat Forge paid a dividend amounting to 8.50 INR. Dividend means that Bharat Forge distributes a portion of its profits to its owners.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021 (e)
0.00 INR
3.50 INR
Jan 1, 2022
7.00 INR
0.00 INR
Jan 1, 2023
5.50 INR
0.00 INR
Jan 1, 2024
9.00 INR
0.00 INR
Jan 1, 2025
8.50 INR
0.00 INR
Jan 1, 2026
8.00 INR
0.00 INR
Jan 1, 2027 (e)
0.00 INR
8.47 INR
Jan 1, 2028 (e)
0.00 INR
8.98 INR

Bharat Forge dividend payout ratio

In 2025, Bharat Forge had a payout ratio of 42.40%. The payout ratio indicates the percentage of the company's profits that Bharat Forge distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
-129.15 %
Jan 1, 2022
30.13 %
Jan 1, 2023
48.47 %
Jan 1, 2024
44.06 %
Jan 1, 2025
42.40 %
Jan 1, 2026 (e)
29.44 %
Jan 1, 2027 (e)
23.10 %
Jan 1, 2028 (e)
19.12 %

Current Bharat Forge forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
27.31 %
Buy
21.43 % (6)
Hold
28.57 % (8)
Sell
50.00 % (14)
12M Price Target
1,688.10
Last Price
2,065.00
Currency
INR
12M Return Potential
-18.25 %
LTM Return
0 %

Bharat Forge Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/6/20245.66INR--INR-2024 Q4
2/19/20243.45INR--INR-2024 Q3

EESG©

Eulerpool ESG Scorecard© for the Bharat Forge stock

91/100
99
Environment
99
Social
76
Governance
E

Environment

20
Scope 1 - Direct Emissions82,745
Scope 2 - Indirect emissions from purchased energy167,163
Scope 3 - Indirect emissions within the value chain564,161
Total CO₂ emissions249,908
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees1.19
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Bharat Forge shareholder structure

% Name
17.02602%
Kalyani Group
Kalyani Group
11.76950%
Sundaram Trading & Investment Pvt. Ltd.
Sundaram Trading & Investment Pvt. Ltd.
9.85939%
KSL Holding Pvt. Ltd.
KSL Holding Pvt. Ltd.
5.07115%
HDFC Asset Management Co., Ltd.
HDFC Asset Management Co., Ltd.
5.05101%
Life Insurance Corporation of India
Life Insurance Corporation of India
3.45394%
Kotak Mahindra Asset Management Company Limited
Kotak Mahindra Asset Management Company Limited
...

Bharat Forge Beneficial Ownership Filings (SEC 13D/G)

Free Float
53.6%
Float Shares
-
Shares Outstanding
-

Bharat Forge Executives and Management Board

12 members · avg. age 62 · 25 % women

BK

Dr. Babasaheb Kalyani (76)

Executive Chairman of the Board, Managing Director

257.03 M INR

Management

AK

Mr. Amit Kalyani (50)

Executive Vice Chairman of the Board, Joint Managing Director · since 2005

99.02 M INR
TC

Ms. Tejaswini Chaudhari

Compliance Officer, Company Secretary

2.98 M INR
KD

Mr. Kedar Dixit

Chief Financial Officer, Senior Vice President

–

Board of Directors

ST

Mr. Subodh Tandale (57)

Executive Director · since 2006

60.60 M INR
BK

Mr. Basavraj Kalyani (63)

Executive Director · since 2006

54.79 M INR
KA

Mr. Kanwar Anand (68)

Non-Executive Independent Director

5.00 M INR
SS

Ms. Sonia Singh (60)

Non-Executive Independent Director

4.50 M INR
AR

Mr. Ashish Ram (56)

Non-Executive Non-Independent Director

4.25 M INR
DM

Mr. Dipak Mane

Non-Executive Independent Director

4.25 M INR

Frequently asked questions about Bharat Forge

Bharat Forge Ltd is primarily active in the automotive and industrial sectors. With its expertise in manufacturing and supplying components, the company serves various industries including passenger vehicles, commercial vehicles, construction equipment, farm equipment, and industrial machinery. As a leading global player, Bharat Forge Ltd has established a strong presence in these sectors by providing innovative solutions and maintaining high quality standards.

The main competitors of Bharat Forge Ltd in the market are Mahindra CIE Automotive Ltd, Motherson Sumi Systems Ltd, and Ramkrishna Forgings Ltd.

Bharat Forge Ltd operates under a diverse business model. As a leading manufacturer and exporter of high-quality forged and machined components, the company caters to several industries, including automotive, defense, oil and gas, and industrial sectors. Bharat Forge specializes in providing precision-engineered solutions, such as chassis, powertrain, engine components, and more. With a global presence and a strong emphasis on innovation, the company has built a reputation for delivering sustainable and technologically advanced products. Bharat Forge's business model encompasses a customer-centric approach, strategic collaborations, and a focus on research and development, making it a respected leader in the industry.

Bharat Forge Ltd is a leading Indian multinational company specializing in metal forming and forging solutions. Founded in 1961, the company has established a strong foothold in the global market, catering to diverse industries such as automotive, oil and gas, power, construction, and more. With its state-of-the-art manufacturing facilities and an extensive range of products, Bharat Forge has achieved remarkable success and growth over the years. The company's commitment to innovation, quality, and customer satisfaction has earned it numerous accolades and partnerships with renowned global brands. Bharat Forge Ltd continues to be a trusted name in the industry, driving progress and setting new benchmarks in the world of forging.

Bharat Forge Ltd has achieved significant milestones throughout its history. The company has become a global leader in the forging industry, providing innovative solutions for various sectors. Some of the notable milestones include expanding its presence globally, establishing state-of-the-art manufacturing facilities, and forging strategic alliances with renowned international companies. Bharat Forge Ltd has also diversified its product portfolio and successfully entered sectors such as automotive, defense, and oil & gas. With continuous technological advancements and a strong customer base, the company has consistently delivered superior quality products and maintained its position as a trusted industry leader.

Bharat Forge Ltd is primarily present in various countries and regions across the globe. With a global presence, the company has established its operations in key markets, including India, North America, Europe, China, and South East Asia. It has manufacturing facilities and offices strategically located in these regions to cater to the diverse demands of its customers. As a leading global player in the forging industry, Bharat Forge Ltd's strong international presence enables it to serve a wide range of sectors such as automotive, power, oil & gas, construction, and more.

Bharat Forge Ltd represents strong values and a robust corporate philosophy. As a leading stock company, Bharat Forge Ltd believes in delivering excellence through innovative engineering solutions. The company is committed to achieving customer satisfaction by providing top-quality products and services. With a focus on continuous improvement, Bharat Forge Ltd emphasizes a culture of accountability, integrity, and teamwork. The company's core values include transparency, ethical business practices, and social responsibility. By consistently demonstrating these values, Bharat Forge Ltd has gained a reputation for being a reliable and trustworthy organization in the stock market.

Analysts currently set an average price target of 1,650.30 INR for the Bharat Forge stock (median: 1,688.10 INR), implying -20.1 % versus the latest price. The consensus is based on 28 analyst ratings.

Bharat Forge Analyst Price Targets 2026

29 analysts currently rate the Bharat Forge stock: 15 recommend buying, 6 holding and 8 selling. For 2026, analysts expect Bharat Forge to generate revenue of 164.74 B INR and earnings per share of 27.17 INR.

Bharat Forge Analyst Price Targets 2026

Converted at the current exchange rate, the Bharat Forge share trades at 18.71 EUR (2,065.00 INR).

Bharat Forge Ltd is a leading company in the forging technology industry, operating in multiple sectors and offering a wide range of products and services. The company is involved in the automotive industry, supplying high-quality forged parts like crankshafts, steering gears, transmission components, axles, and drive shafts to various applications in the automotive sector. Bharat Forge has also invested heavily in the development of electric vehicles in recent years, working with customers to provide powerful and cost-effective products. Apart from the automotive industry, Bharat Forge is also active in other sectors such as aerospace, construction and mining, rail transportation, and defense. The company manufactures wheelsets for trains, turbine components for aircraft, and forged parts for mining vehicles, among other products. Another important business area for Bharat Forge is power generation. The company has strongly invested in wind power production in recent years, supplying customers worldwide. Bharat Forge also produces components for other renewable energy systems such as solar and hydro power. Bharat Forge has expanded its manufacturing capacities and has plants in India, Germany, Sweden, and the United States. With its experienced technicians and engineers and state-of-the-art manufacturing facilities, the company has a strong presence in the global market and offers a wide range of products and services to its customers. The company aims to strengthen its position in the various sectors through constant product innovation. By utilizing advanced technologies and innovative manufacturing methods, the company aims to drive its growth. In summary, Bharat Forge is a versatile company with a strong presence in various industries. The company is committed to providing its global customers with high-quality and innovative products and services. The success of Bharat Forge is based on a combination of comprehensive product diversity, advanced technology, and a strong focus on customer needs.

The expected revenue of Bharat Forge is 164.74 B INR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Bharat Forge is 12.76 B INR. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Bharat Forge is currently 75.99. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Bharat Forge stock.

The price-to-sales ratio (P/S) of Bharat Forge is currently 5.88. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Bharat Forge stock.

The Eulerpool Quality Score for Bharat Forge is 6/10.

The ISIN of Bharat Forge is INE465A01025. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The ticker of Bharat Forge is BHARATFORG.NS. The ticker symbol is used to trade Bharat Forge shares on the stock exchange.

Over the past 12 months, Bharat Forge paid a dividend of 8.50 INR . This corresponds to a dividend yield of about 0.41 %. For the coming 12 months, Bharat Forge is expected to pay a dividend of 8.47 INR.

The current dividend yield of Bharat Forge is 0.41 %.

Bharat Forge pays a dividend, distributed in the months of , , , .

Bharat Forge paid dividends every year for the past 26 years.

For the upcoming 12 months, dividends amounting to 8.47 INR are expected. This corresponds to a dividend yield of 0.41 %.

Bharat Forge is assigned to the 'Cyclical consumption' sector.

To receive the latest dividend of Bharat Forge from amounting to 2 INR, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Bharat Forge distributed 8 INR as dividends.

The dividends of Bharat Forge are distributed in INR.

All fundamentals and in-depth analysis of Bharat Forge

Our stock analysis for Bharat Forge stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Bharat Forge. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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