Bharat Forge Ltd
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)
- Market Cap ₹ 77,055 Cr.
- Current Price ₹ 1,655
- High / Low ₹ 1,826 / 832
- Stock P/E 84.0
- Book Value ₹ 154
- Dividend Yield 0.55 %
- ROCE 13.3 %
- ROE 13.2 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 45.3%
Cons
- Stock is trading at 10.7 times its book value
- Company has a low return on equity of 11.8% over last 3 years.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5,167 | 6,704 | 7,622 | 6,809 | 6,396 | 8,358 | 10,146 | 8,056 | 6,336 | 10,461 | 12,910 | 15,682 | |
4,419 | 5,783 | 6,232 | 5,397 | 5,276 | 6,635 | 8,098 | 6,984 | 5,504 | 8,478 | 11,174 | 13,124 | |
Operating Profit | 748 | 921 | 1,390 | 1,413 | 1,121 | 1,723 | 2,048 | 1,072 | 832 | 1,983 | 1,737 | 2,558 |
OPM % | 14% | 14% | 18% | 21% | 18% | 21% | 20% | 13% | 13% | 19% | 13% | 16% |
94 | 298 | 226 | 148 | 391 | 46 | 199 | 109 | -138 | 288 | 124 | 220 | |
Interest | 167 | 169 | 136 | 116 | 100 | 107 | 127 | 171 | 108 | 160 | 299 | 491 |
Depreciation | 320 | 357 | 362 | 453 | 452 | 467 | 521 | 548 | 612 | 730 | 736 | 848 |
Profit before tax | 355 | 693 | 1,118 | 992 | 960 | 1,196 | 1,599 | 462 | -25 | 1,381 | 827 | 1,439 |
Tax % | 43% | 30% | 32% | 32% | 26% | 37% | 35% | 24% | -399% | 22% | 39% | 37% |
202 | 482 | 760 | 675 | 711 | 754 | 1,033 | 349 | -127 | 1,077 | 508 | 910 | |
EPS in Rs | 5.32 | 10.71 | 16.38 | 14.57 | 15.13 | 16.38 | 22.17 | 7.51 | -2.71 | 23.23 | 11.35 | 20.43 |
Dividend Payout % | 32% | 21% | 23% | 26% | 25% | 27% | 23% | 47% | -74% | 30% | 62% | 44% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 9% |
3 Years: | 35% |
TTM: | 21% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | -2% |
3 Years: | 61% |
TTM: | 101% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 29% |
3 Years: | 29% |
1 Year: | 97% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 10% |
3 Years: | 12% |
Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 47 | 47 | 47 | 47 | 47 | 93 | 93 | 93 | 93 | 93 | 93 | 93 |
Reserves | 2,210 | 2,637 | 3,398 | 3,367 | 4,070 | 4,557 | 5,282 | 5,125 | 5,321 | 6,476 | 6,611 | 7,077 |
2,784 | 2,561 | 2,546 | 3,375 | 3,124 | 3,257 | 4,029 | 4,469 | 5,271 | 5,972 | 7,313 | 7,948 | |
2,554 | 2,290 | 2,245 | 1,504 | 1,600 | 2,069 | 2,174 | 1,795 | 2,403 | 2,951 | 4,217 | 4,231 | |
Total Liabilities | 7,595 | 7,534 | 8,236 | 8,292 | 8,841 | 9,977 | 11,578 | 11,482 | 13,088 | 15,492 | 18,235 | 19,349 |
2,910 | 2,534 | 2,629 | 3,134 | 3,277 | 3,500 | 3,625 | 4,002 | 4,750 | 4,870 | 6,161 | 6,324 | |
CWIP | 632 | 583 | 870 | 409 | 453 | 344 | 831 | 1,143 | 900 | 1,125 | 701 | 977 |
Investments | 416 | 801 | 496 | 886 | 1,192 | 1,501 | 1,524 | 1,618 | 2,607 | 2,604 | 2,569 | 1,849 |
3,636 | 3,617 | 4,242 | 3,863 | 3,919 | 4,632 | 5,599 | 4,720 | 4,831 | 6,893 | 8,804 | 10,200 | |
Total Assets | 7,595 | 7,534 | 8,236 | 8,292 | 8,841 | 9,977 | 11,578 | 11,482 | 13,088 | 15,492 | 18,235 | 19,349 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
735 | 716 | 1,035 | 1,356 | 1,052 | 967 | 911 | 1,522 | 1,020 | 506 | 1,294 | 1,664 | |
-232 | -244 | -467 | -888 | -737 | -722 | -1,196 | -1,114 | -1,511 | -690 | -1,666 | -667 | |
-330 | -640 | -360 | -448 | -401 | -314 | 368 | -381 | 578 | 310 | 280 | -203 | |
Net Cash Flow | 173 | -168 | 208 | 19 | -86 | -69 | 83 | 26 | 87 | 126 | -91 | 795 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 56 | 47 | 41 | 75 | 77 | 85 | 77 | 68 | 81 | 75 | 87 | 74 |
Inventory Days | 188 | 154 | 131 | 142 | 161 | 151 | 160 | 177 | 249 | 235 | 191 | 159 |
Days Payable | 153 | 157 | 144 | 119 | 127 | 148 | 118 | 105 | 167 | 141 | 132 | 112 |
Cash Conversion Cycle | 91 | 45 | 28 | 98 | 111 | 88 | 119 | 140 | 163 | 169 | 147 | 121 |
Working Capital Days | 18 | 22 | 58 | 81 | 64 | 75 | 90 | 77 | 114 | 112 | 107 | 111 |
ROCE % | 11% | 15% | 21% | 17% | 13% | 18% | 20% | 7% | 3% | 11% | 8% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16h - Newspaper publication for the attention of Equity Shareholders
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 28 Jun
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 26 Jun
- Closure of Trading Window 26 Jun
- Announcement under Regulation 30 (LODR)-Cessation 20 Jun
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Part of Kalyani Group
Bharat Forge Ltd (BFL) belongs to the Kalyani Group which has an annual turnover of more than USD 3 Billion. Apart from the forging Industry, the group has their presence in Engineering Steel, Automotive, Industrial, Renewable Energy, Urban Infrastructure and Specialty Chemicals and the group maintains several leading positions in various business segments. [1]