Bharat Forge financials

·Auto & MobilityChart ›
Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹4,640cr+18.7% on Q1 FY26
Net profit
−₹89.9cr₹284 cr in Q1 FY26
EBITDA margin
15.3%−1.9 pts on Q1 FY26
EPS
−₹1.88₹5.93 in Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue4,6403,909+18.7%
EBITDA709673+5.4%
EBITDA margin15.3%17.2%−1.9 pts
Profit before tax55.7414−86.6%
Net profit−89.9284—
EPS−₹1.88₹5.93—

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹4,640 crNet profit₹−89.9 crNet margin−1.9%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
84,152————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
2,0222,0221,9742,3411,559
−23.0−23.0−32.8−4.936.1
6,8756,8756,2887,5226,852
88,982————
17,54316,81215,12315,68212,910
—+11.2%−3.6%+21.5%—
2,9632,9272,6942,5581,768
16.9%17.4%17.8%16.3%13.7%
1,9551,9561,8201,7101,032
7161,089913910508
4.1%6.5%6.0%5.8%3.9%
₹14.77₹22.58₹19.68₹19.89₹9.59
—+14.7%−1.0%+107.4%—
—1,4871,7961,6641,294
—−1,140−1,450−1,524−996
346346346140298
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

BHARATFORG₹1,760.00

Bharat Forge Ltd.

· Auto & Mobility
₹ CrorePeersRKFORGESONACOMSHEROMOTOCOTIINDIAEXIDEINDHYUNDAITVSMOTORBOSCHLTDMcap ₹84,152 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————84,151.8
- Cash, Equiv & ST Investments1,558.82,340.81,974.02,021.82,021.8
+ Minority Interest36.1-4.9-32.8-23.0-23.0
+ Total Debt6,852.37,522.16,288.46,874.66,874.6
Enterprise Value————88,981.6
Revenue12,910.315,682.115,122.816,811.717,542.8
Growth %, YoY—+21.5-3.6+11.2—
EBITDA1,767.52,557.92,693.92,926.72,963.2
Margin %13.6916.3117.8117.4116.89
EBIT1,031.91,709.71,820.31,955.71,955.1
Net Income508.4910.2913.31,089.4715.6
Margin %3.945.806.046.484.08
EPS, Adj (current shares)9.5919.8919.6822.5814.77
Growth %, YoY—+107.4-1.0+14.7—
Cash from Operations1,294.51,664.41,796.31,486.6—
Capital Expenditures-996.2-1,524.0-1,450.5-1,140.5—
Free Cash Flow298.3140.4345.9346.1346.1
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Bharat Forge financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Bharat Forge (NSE: BHARATFORG) had a market capitalisation of ₹84,453 crore at the 29 October 2026 close (₹1,766.30 a share), a PE ratio of 119.6 on the last four quarters' profit and a price-to-book ratio of 8.84. In FY26 its consolidated net profit was ₹1,080 crore on revenue of ₹16,812 crore; in Q1 FY27 (April–June 2026) it was a loss of ₹89.7 crore. Its debt-to-equity ratio was 0.72 on 31 March 2026. Promoters held 43.12% of the shares on 30 September 2026.

Share price used
₹1,766.30 · 29 October 2026 close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026

Bharat Forge at a glance · consolidated

Market cap
₹84,453 Crat ₹1,766.30 · 29 Oct close
PE ratio (last 4 quarters)
119.678.2 on FY26 profit
Price to book (PB)
8.84book value ₹199.88 a share
ROE (FY26)
11.5%unchanged vs FY25ROCE 16.3%
Debt to equity
0.72net debt ₹4,711 Cr
Promoter holding
43.12%−1.0 pts vs 30 Jun 202630 September 2026
Dividend yield
0.48%₹8.50 a share in 12 months
Net worth
₹9,557 Cr+3.6% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
₹346 Cr+0.1% vs FY25

Questions

What is the Bharat Forge PE ratio today?

Bharat Forge's PE ratio is 119.6 at the 29 October 2026 close (₹1,766.30 a share): a market capitalisation of ₹84,453 crore divided by consolidated net profit of ₹706 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹1,080 crore) it is 78.2. These four quarters include net exceptional items of −₹512 crore (one-off charges reported separately), so the ratio on recurring profit would differ.

What is the Bharat Forge PB ratio (price to book value)?

Bharat Forge's price-to-book (PB) ratio is 8.84 at the 29 October 2026 close: a market capitalisation of ₹84,453 crore divided by shareholders' equity (book value) of ₹9,557 crore on 31 March 2026. That is a book value of ₹199.88 per share against a share price of ₹1,766.30.

What is the Bharat Forge ROE and ROCE?

In FY26, Bharat Forge's return on equity (ROE) was 11.5% and its return on capital employed (ROCE) was 16.3%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 11.5% and ROCE 17.0%.

What is the Bharat Forge market cap?

Bharat Forge's market capitalisation was ₹84,453 crore at the 29 October 2026 close: 47.81 crore shares at ₹1,766.30 each.

Is Bharat Forge debt free?

No. Bharat Forge had borrowings of ₹6,875 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.72. Its cash and current investments were ₹2,164 crore, so its net debt was ₹4,711 crore.

What is the Bharat Forge EPS?

Bharat Forge's basic earnings per share (EPS) were ₹22.58 in FY26, against ₹20.05 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹14.77.

What is the Bharat Forge debt to equity ratio?

Bharat Forge's debt-to-equity ratio was 0.72 on 31 March 2026: borrowings of ₹6,875 crore against total equity of ₹9,557 crore. A year earlier, on 31 March 2025, it was 0.68.

What is the Bharat Forge net worth?

Bharat Forge's net worth — shareholders' equity in its consolidated balance sheet — was ₹9,557 crore on 31 March 2026, up 3.6% from ₹9,221 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹84,453 crore at the 29 October 2026 close.

What is the Bharat Forge dividend in 2026 and its record date?

In 2026, Bharat Forge has declared two dividends totalling ₹8.50 a share: ₹2 (interim) with record date 18 February 2026 and ₹6.50 with record date 3 July 2026.

What is the Bharat Forge book value per share?

Bharat Forge's book value per share was ₹199.88 on 31 March 2026: shareholders' equity of ₹9,557 crore divided by the 47.81 crore shares in issue, up 3.6% from ₹192.84 a year earlier. The share price at the 29 October 2026 close was ₹1,766.30.

What is the Bharat Forge dividend yield?

Bharat Forge's dividend yield is 0.48% at the 29 October 2026 close: dividends of ₹8.50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹1,766.30. They were ₹6.50 on 3 July 2026 and ₹2 on 18 February 2026 (interim).

What is the Bharat Forge promoter holding?

Promoters held 43.12% of Bharat Forge on 30 September 2026, down 0.95 percentage points from 44.07% the previous quarter and down 0.95 percentage points from 44.07% a year earlier, according to the shareholding pattern filed with NSE.

What is the Bharat Forge shareholding pattern?

On 30 September 2026, Bharat Forge's shares were held by promoters 43.12%, foreign portfolio investors (FII/FPI) 15.20%, domestic institutions (DII) 33.04% (including mutual funds at 21.71%) and retail and other non-institutional investors 8.64%. Over the year, FII holding was up 1.58 percentage points from 13.62% and DII holding was up 0.78 percentage points from 32.26%.

What are the Bharat Forge latest quarterly results?

Bharat Forge's latest results are for Q1 FY27 (April–June 2026), filed on 10 August 2026: consolidated net loss ₹89.7 crore, against a profit of ₹284 crore in Q1 FY26; revenue from operations ₹4,640 crore, up 18.7% year on year.

How does the Bharat Forge PE ratio compare with its peers?

At the 29 October 2026 closing prices, on FY26 net profit, Bharat Forge's PE ratio is 78.2, the third highest of the four: Ramkrishna Forgings 170.3, Sona BLW Precision Forgings 85.2 and Hero MotoCorp 17.8, a peer average of 91.1. Each is the company's market capitalisation at that price divided by its FY26 net profit.

What is the Bharat Forge free cash flow?

In FY26, Bharat Forge generated ₹1,487 crore of cash from operations and spent ₹1,140 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹346 crore. In FY25 it was ₹346 crore.

What is the Bharat Forge revenue and profit in FY26?

In FY26 (April 2025–March 2026), Bharat Forge's consolidated net profit was ₹1,080 crore, up 14.7% from ₹941 crore in FY25, on revenue from operations of ₹16,812 crore (up 11.2%). Over three years, from FY23, net profit was up 135.4%.

When are the Bharat Forge next results?

Bharat Forge will announce its Q2 FY27 results (July–September 2026) on Thursday, 5 November 2026, the date of the board meeting it has notified to the exchanges.

How does Bharat Forge compare with its peers?

On FY26 consolidated figures, against Ramkrishna Forgings, Sona BLW Precision Forgings and Hero MotoCorp: Bharat Forge's operating margin of 11.6% is the third highest of the four (Ramkrishna Forgings 7.3%, Sona BLW Precision Forgings 18.3%, Hero MotoCorp 13.1%; peer average 12.9%); its return on equity of 11.5% is the second highest of the four (Ramkrishna Forgings 2.3%, Sona BLW Precision Forgings 11.2%, Hero MotoCorp 28.1%; peer average 13.8%); its revenue growth over three years of 9.2% a year is the lowest of the four (Ramkrishna Forgings 9.9% a year, Sona BLW Precision Forgings 18.7% a year, Hero MotoCorp 11.6% a year; peer average 13.4% a year).

Bharat Forge vs Ramkrishna Forgings: how do they compare?

In FY26, Bharat Forge earned net profit of ₹1,080 crore on revenue of ₹16,812 crore, against ₹71.8 crore on ₹4,238 crore for Ramkrishna Forgings. Bharat Forge's operating margin was 11.6% (Ramkrishna Forgings 7.3%) and its return on equity 11.5% (Ramkrishna Forgings 2.3%). At the 29 October 2026 close, Bharat Forge's market capitalisation was ₹84,453 crore against ₹12,224 crore for Ramkrishna Forgings, and its PE ratio on FY26 profit 78.2 against 170.3.

Where do these Bharat Forge figures come from?

From Bharat Forge's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.