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Change
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Day Open
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Day High
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Day Low
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NSE Close — 25 Sep 2026
₹2,008.0
Change
+9.1 (0.46%)
Open
₹1,991.2
Prev. Close
₹1,998.9
Day High
₹2,009.1
Day Low
₹1,982.0
Volume Analysis
Traded
549,393
Delivered
314,966
Delivery %
57.33%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (0)
No signal for this stock
Weaknesses (1)
- •Promoter holding is falling
Opportunities (1)
- •Strong 3-year EPS growth (25.8%)
Threats (1)
- •FII holding has been falling
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹2,044.5 | ₹2,026.8 | ₹2,017.4 | ₹1,999.7 | ₹1,990.3 | ₹1,972.6 | ₹1,963.2 |
| Fibonacci | ₹2,026.8 | ₹2,016.45 | ₹2,010.05 | ₹1,999.7 | ₹1,989.35 | ₹1,982.95 | ₹1,972.6 |
| Camarilla | ₹2,015.45 | ₹2,012.97 | ₹2,010.48 | ₹1,999.7 | ₹2,005.52 | ₹2,003.03 | ₹2,000.55 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
+37.12%
1 Week
+1.99%
1 Month
-1.46%
3 Months
-6.35%
6 Months
+20.35%
1 Year
+70.01%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹318.76
Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
7.19%
Net margin 4.08% × asset turnover 0.76x × equity multiplier 2.32x
Company Overview
Sector
Automobile and Auto Components
Market Cap
₹95,787 Cr
P/E (TTM)
94.8
ROE
12.0%
Book Value
₹200.0
Face Value
₹2.0
Source: Screener.in (Consolidated figures) — data as of 23 Sep 2026. Not investment advice.
TopFund Analysis
Bharat Forge Ltd lands in the middle of the pack on TopFund's composite fundamentals check within the Automobile and Auto Components sector, at 61/100. The strongest factor is Liquidity (87/100), while Valuation (1/100) is the weakest area to weigh before deciding. Notably: Promoter holding is falling. FII holding has been falling.
TopFund Score — Fundamentals Quality
61/100 — AverageData confidence: 78/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Financial Strength
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Company has delivered good profit growth of 38.6% CAGR over last 5 years
- +Company has been maintaining a healthy dividend payout of 41.6%
- −Stock is trading at 10.0 times its book value
- −Company has a low return on equity of 12.2% over last 3 years.
- −Company might be capitalizing the interest cost
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
Bharat Forge allotted 10.58 million shares in ₹2,000 crore QIP at ₹1,890 each.
Bharat Forge closed QIP, allocating 1.06 crore shares at ₹1,890 each.
Bharat Forge opens QIP on September 17, 2026; floor price set at ₹1,947.70 per share.
Bharat Forge and RTX’s Pratt & Whitney Canada will evaluate turboprop engines for DRDO’s HALE UAV program.
Members approved issuance of securities up to ₹25,000 million via postal ballot on September 11, 2026.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 3,877 | 3,774 | 3,866 | 4,164 | 4,106 | 3,689 | 3,476 | 3,853 | 3,909 | 4,032 | 4,343 | 4,528 | 4,640 |
| Expenses + | 3,282 | 3,153 | 3,169 | 3,521 | 3,365 | 3,042 | 2,853 | 3,174 | 3,239 | 3,308 | 3,597 | 3,751 | 3,942 |
| Operating Profit | 595 | 621 | 698 | 643 | 741 | 647 | 623 | 679 | 670 | 724 | 746 | 777 | 698 |
| OPM % | 15.0% | 16.0% | 18.0% | 15.0% | 18.0% | 18.0% | 18.0% | 18.0% | 17.0% | 18.0% | 17.0% | 17.0% | 15.0% |
| Other Income + | 67 | 51 | 58 | 45 | -99 | 62 | 38 | 57 | 50 | 54 | -13 | -46 | -301 |
| Interest | 114 | 124 | 137 | 116 | 124 | 110 | 96 | 88 | 82 | 80 | 77 | 84 | 90 |
| Depreciation | 206 | 211 | 224 | 207 | 218 | 213 | 218 | 224 | 226 | 241 | 249 | 255 | 263 |
| Profit before tax | 341 | 337 | 395 | 366 | 300 | 385 | 347 | 424 | 411 | 457 | 407 | 392 | 44 |
| Tax % | 37.0% | 36.0% | 36.0% | 38.0% | 42.0% | 37.0% | 39.0% | 33.0% | 31.0% | 34.0% | 33.0% | 40.0% | 302.0% |
| Net Profit + | 214 | 215 | 254 | 227 | 175 | 243 | 213 | 283 | 284 | 299 | 273 | 233 | -90 |
| EPS in Rs | 5 | 5 | 6 | 5 | 4 | 5 | 4 | 6 | 6 | 6 | 6 | 5 | -2 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 7,622 | 6,809 | 6,396 | 8,358 | 10,146 | 8,056 | 6,336 | 10,461 | 12,910 | 15,682 | 15,123 | 16,812 | 17,543 |
| Expenses + | 6,232 | 5,397 | 5,276 | 6,635 | 8,098 | 6,984 | 5,504 | 8,478 | 11,174 | 13,121 | 12,431 | 13,894 | 14,597 |
| Operating Profit | 1,390 | 1,413 | 1,121 | 1,723 | 2,048 | 1,072 | 832 | 1,983 | 1,737 | 2,562 | 2,692 | 2,917 | 2,946 |
| OPM % | 18.0% | 21.0% | 18.0% | 21.0% | 20.0% | 13.0% | 13.0% | 19.0% | 13.0% | 16.0% | 18.0% | 17.0% | 17.0% |
| Other Income + | 226 | 148 | 391 | 46 | 199 | 109 | -138 | 288 | 124 | 217 | 55 | 44 | -306 |
| Interest | 136 | 116 | 100 | 107 | 127 | 171 | 108 | 160 | 299 | 491 | 417 | 323 | 331 |
| Depreciation | 362 | 453 | 452 | 467 | 521 | 548 | 612 | 730 | 736 | 848 | 874 | 971 | 1,008 |
| Profit before tax | 1,118 | 992 | 960 | 1,196 | 1,599 | 462 | -25 | 1,381 | 827 | 1,439 | 1,456 | 1,667 | 1,301 |
| Tax % | 32.0% | 32.0% | 26.0% | 37.0% | 35.0% | 24.0% | 399.0% | 22.0% | 39.0% | 37.0% | 37.0% | 35.0% | — |
| Net Profit + | 760 | 675 | 711 | 754 | 1,033 | 349 | -127 | 1,077 | 508 | 910 | 913 | 1,089 | 716 |
| EPS in Rs | 16 | 15 | 15 | 16 | 22 | 8 | -3 | 23 | 11 | 20 | 20 | 23 | 15 |
| Dividend Payout % | 23.0% | 26.0% | 25.0% | 27.0% | 23.0% | 47.0% | -74.0% | 30.0% | 62.0% | 44.0% | 43.0% | 38.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reserves | 3,398 | 3,367 | 4,070 | 4,559 | 5,283 | 5,127 | 5,322 | 6,478 | 6,612 | 7,077 | 9,158 | 9,484 |
| Borrowings + | 2,546 | 3,375 | 3,124 | 3,257 | 4,029 | 4,469 | 5,271 | 5,972 | 7,313 | 7,948 | 6,698 | 7,309 |
| Other Liabilities + | 2,245 | 1,504 | 1,600 | 2,068 | 2,173 | 1,793 | 2,402 | 2,950 | 4,216 | 4,066 | 4,017 | 5,350 |
| Total Liabilities | 8,236 | 8,292 | 8,841 | 9,977 | 11,578 | 11,482 | 13,088 | 15,492 | 18,235 | 19,184 | 19,968 | 22,238 |
| Fixed Assets + | 2,629 | 3,134 | 3,277 | 3,500 | 3,625 | 4,002 | 4,750 | 4,870 | 6,161 | 6,309 | 6,627 | 8,215 |
| CWIP | 870 | 409 | 453 | 344 | 831 | 1,143 | 900 | 1,125 | 701 | 991 | 1,732 | 1,298 |
| Investments | 496 | 886 | 1,192 | 1,501 | 1,524 | 1,618 | 2,607 | 2,604 | 2,569 | 1,849 | 2,063 | 1,738 |
| Other Assets + | 4,242 | 3,863 | 3,919 | 4,632 | 5,599 | 4,720 | 4,831 | 6,893 | 8,804 | 10,034 | 9,547 | 10,987 |
| Total Assets | 8,236 | 8,292 | 8,841 | 9,977 | 11,578 | 11,482 | 13,088 | 15,492 | 18,235 | 19,184 | 19,968 | 22,238 |
| Equity Capital | 47 | 47 | 47 | 93 | 93 | 93 | 93 | 93 | 93 | 93 | 96 | 96 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 1,035 | 1,356 | 1,052 | 967 | 911 | 1,522 | 1,020 | 506 | 1,294 | 1,664 | 1,796 | 1,487 |
| Cash from Investing Activity + | -467 | -888 | -737 | -722 | -1,196 | -1,114 | -1,511 | -690 | -1,666 | -665 | -1,964 | -1,038 |
| Cash from Financing Activity + | -360 | -448 | -401 | -314 | 368 | -381 | 578 | 310 | 280 | -203 | -570 | -442 |
| Net Cash Flow | 208 | 19 | -86 | -69 | 83 | 26 | 87 | 126 | -91 | 796 | -738 | 6 |
| CFO/OP | 104 | 118 | 118 | 79 | 71 | 164 | 134 | 43 | 99 | 85 | 89 | 70 |
| Free Cash Flow | 326 | 465 | 408 | 399 | -220 | 565 | 129 | -459 | 325 | 164 | 352 | 374 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Public | 10.35% | 10.22% | 10.04% | 9.58% | 9.55% | 9.55% | 9.49% | 10.15% | 10.05% | 9.29% | 9.0% | 8.54% |
| Promoters | 45.26% | 45.26% | 45.26% | 45.26% | 45.26% | 44.07% | 44.07% | 44.07% | 44.07% | 44.07% | 44.07% | 44.07% |
| Government | 0.18% | 0.18% | 0.18% | 0.18% | 0.16% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% |
| FII | 16.28% | 16.6% | 16.48% | 17.04% | 18.72% | 17.87% | 16.08% | 14.37% | 13.62% | 12.4% | 14.15% | 15.04% |
| DII | 27.95% | 27.74% | 28.06% | 27.96% | 26.32% | 28.35% | 30.2% | 31.26% | 32.11% | 34.08% | 32.62% | 32.18% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Automobile and Auto Components — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Bharat Forge Ltd (this stock) | 95,787 | 94.8 | 10.02 | 12.0% |
| Tata Motors Pass Veh Ltd | 106,973 | 107.0 | 0.95 | 75.7% |
| Hero Motocorp Limited | 107,111 | 19.3 | 4.96 | 28.1% |
| Uno Minda Limited | 70,336 | 57.5 | 10.32 | 19.3% |
| Schaeffler India Limited | 62,642 | 50.0 | 10.2 | 20.2% |
| Ather Energy Limited | 59,237 | — | — | — |
| MRF Ltd | 52,605 | 21.3 | 2.51 | 12.5% |
Which Mutual Funds Hold Bharat Forge Ltd?
Frequently Asked Questions about Bharat Forge Ltd
Bharat Forge Ltd (BHARATFORG) closed at ₹2,008.0 on NSE on 25 September 2026, up 9.1 (0.46%) from the previous close.
Bharat Forge Ltd trades on the NSE (National Stock Exchange of India) under the symbol BHARATFORG.
Bharat Forge Ltd has a trailing twelve-month P/E (price-to-earnings) ratio of 94.8.
Bharat Forge Ltd has a dividend yield of 0.42%.
Bharat Forge Ltd's 52-week high is ₹2,295.0 and its 52-week low is ₹1,179.0.
Bharat Forge Ltd has a market capitalisation of ₹95,787 crore.
Bharat Forge Ltd has a TopFund Quality Score of 61/100 (Average), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
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