Bharat Forge Ltd

Bharat Forge Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bharat Forge Ltd

₹ 1,296 -2.05%
21 Nov - close price
bharatforge.com BSE: 500493 NSE: BHARATFORG
About

Bharat Forge is engaged in the manufacturing and selling of forged and machined Compoundant for auto and industry sector.(Source : 201903 Annual Report Page No: 123)

Key Points

Part of Kalyani Group
The company belongs to the Kalyani Group which has an annual turnover of more than USD 3 Billion. Apart from the forging Industry, the group has a presence in engineering steel, automotive, industrial, renewable energy, urban infrastructure, and specialty chemicals and maintains a leading position in various business segments. [1]

Website BSE NSE
  • Market Cap ₹ 60,350 Cr.
  • Current Price ₹ 1,296
  • High / Low ₹ 1,826 / 1,063
  • Stock P/E 40.2
  • Book Value ₹ 190
  • Dividend Yield 0.69 %
  • ROCE 16.6 %
  • ROE 17.2 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 30.3%

Cons

  • Stock is trading at 6.84 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

Part of BSE 500 BSE Capital Goods BSE 100 BSE 200 BSE Dollex 200

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,607 1,602 1,674 1,759 1,864 1,952 1,997 2,127 2,249 2,263 2,329 2,338 2,247
1,121 1,194 1,243 1,324 1,411 1,417 1,509 1,579 1,643 1,600 1,669 1,687 1,621
Operating Profit 485 408 431 435 453 535 488 549 607 663 659 651 625
OPM % 30% 25% 26% 25% 24% 27% 24% 26% 27% 29% 28% 28% 28%
32 132 64 23 47 42 -2 47 40 35 25 -101 48
Interest 14 12 41 26 36 85 66 71 73 81 63 70 64
Depreciation 103 103 104 106 107 108 105 109 113 112 108 109 108
Profit before tax 401 425 350 325 358 384 315 417 462 504 513 371 502
Tax % 22% 21% 25% 25% 25% 25% 22% 25% 25% 25% 24% 27% 28%
312 337 262 244 268 289 245 312 346 378 390 269 361
EPS in Rs 6.70 7.25 5.63 5.23 5.76 6.21 5.25 6.69 7.43 8.11 8.37 5.79 7.76
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
3,143 3,399 4,548 4,334 3,865 5,316 6,520 4,564 3,652 6,255 7,573 8,969 9,177
2,427 2,535 3,218 3,017 2,790 3,779 4,614 3,548 2,924 4,539 5,662 6,491 6,578
Operating Profit 716 864 1,330 1,317 1,074 1,537 1,906 1,016 728 1,716 1,911 2,478 2,599
OPM % 23% 25% 29% 30% 28% 29% 29% 22% 20% 27% 25% 28% 28%
102 126 89 108 136 -15 166 67 131 199 110 147 7
Interest 153 150 112 91 73 85 102 145 78 107 213 287 278
Depreciation 224 245 251 308 295 307 347 345 366 412 426 442 438
Profit before tax 440 596 1,057 1,026 842 1,131 1,623 593 415 1,396 1,383 1,895 1,890
Tax % 31% 33% 32% 32% 31% 37% 34% 20% 25% 23% 24% 25%
306 400 719 698 585 707 1,071 474 312 1,078 1,045 1,425 1,398
EPS in Rs 6.56 8.59 15.44 14.98 12.57 15.19 23.01 10.17 6.70 23.15 22.45 30.61 30.03
Dividend Payout % 26% 26% 24% 25% 30% 30% 22% 34% 30% 30% 31% 29%
Compounded Sales Growth
10 Years: 10%
5 Years: 7%
3 Years: 35%
TTM: 10%
Compounded Profit Growth
10 Years: 14%
5 Years: 6%
3 Years: 72%
TTM: 23%
Stock Price CAGR
10 Years: 11%
5 Years: 24%
3 Years: 20%
1 Year: 18%
Return on Equity
10 Years: 15%
5 Years: 12%
3 Years: 15%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 47 47 47 47 47 93 93 93 93 93 93 93 93
Reserves 2,265 2,647 3,449 3,535 4,185 4,520 5,304 5,261 5,854 7,015 7,606 8,474 8,731
1,874 1,994 1,797 2,669 2,422 2,510 3,189 3,275 3,814 4,124 4,782 4,756 4,376
928 1,011 1,083 929 1,023 1,243 1,353 1,088 1,354 1,608 1,714 1,865 1,955
Total Liabilities 5,113 5,698 6,376 7,179 7,677 8,366 9,939 9,717 11,115 12,841 14,194 15,188 15,156
1,999 2,025 1,956 2,277 2,374 2,528 2,634 2,808 3,459 3,301 3,238 3,157 3,048
CWIP 223 131 208 322 374 302 713 895 270 248 303 376 637
Investments 931 1,341 1,104 1,421 1,772 2,061 2,192 2,353 3,569 3,900 4,279 4,465 4,530
1,960 2,201 3,108 3,159 3,157 3,475 4,400 3,662 3,816 5,392 6,374 7,190 6,941
Total Assets 5,113 5,698 6,376 7,179 7,677 8,366 9,939 9,717 11,115 12,841 14,194 15,188 15,156

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
525 765 903 1,306 892 941 797 1,377 814 275 788 2,092
21 -425 -138 -651 -579 -697 -1,002 -729 -1,130 -248 -596 -807
-519 -397 -524 -677 -372 -367 299 -620 368 75 -172 -641
Net Cash Flow 26 -57 241 -22 -59 -122 93 28 52 102 20 644

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 55 56 45 120 130 123 126 132 158 145 156 147
Inventory Days 128 135 113 90 118 104 114 158 226 159 140 127
Days Payable 114 149 132 106 128 133 122 128 207 138 135 123
Cash Conversion Cycle 69 42 26 104 120 94 119 163 177 165 162 151
Working Capital Days 16 60 102 113 96 103 128 128 181 170 183 159
ROCE % 14% 16% 23% 19% 14% 19% 22% 9% 5% 13% 13% 17%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
45.25% 45.25% 45.25% 45.26% 45.26% 45.26% 45.26% 45.26% 45.26% 45.26% 45.26% 45.26%
23.36% 19.80% 18.82% 19.30% 17.88% 16.17% 15.79% 16.28% 16.60% 16.48% 17.04% 18.72%
20.02% 23.55% 24.33% 24.55% 26.09% 27.70% 28.61% 27.95% 27.74% 28.06% 27.96% 26.32%
0.16% 0.16% 0.16% 0.16% 0.18% 0.18% 0.18% 0.18% 0.18% 0.18% 0.18% 0.16%
11.20% 11.23% 11.44% 10.72% 10.60% 10.70% 10.17% 10.35% 10.22% 10.04% 9.58% 9.55%
No. of Shareholders 1,51,0591,53,7181,56,4451,58,8451,55,7341,62,1051,56,6861,69,9541,79,6831,89,1041,82,9881,99,721

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls