Bharat Forge Limited

Automobile and Auto Components · Auto Components

NSE: BHARATFORG BSE: 500493

₹1926.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Auto Components

The largest companies in the same industry by market cap. This company ranks #3 of 144. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Samvardhana Motherson International Limited	172,312	96.6	9.4%	54.0%	0.37%	57	21	51
Bosch Limited	138,927	58.9	18.7%	22.9%	0.57%	84	0	50
Bharat Forge Limited (this stock)	92,080	112.5	11.4%	57.9%	0.44%	50	0	63
UNO Minda Limited	67,564	71.6	17.7%	-11.7%	0.23%	67	0	30
Schaeffler India Limited	60,913	47.2	18.2%	-6.8%	—	80	23	30
MRF Limited	53,133	22.7	11.5%	-15.8%	0.19%	69	73	14
Sona BLW Precision Forgings Limited	51,629	69.2	10.3%	100.6%	0.41%	74	21	86
Tube Investments of India Limited	45,972	56.2	7.9%	-23.0%	0.15%	71	28	8

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹95,485 Cr

EV / EBITDA

50.2x

EV / Sales

11.37x

Market cap / Sales

10.97x

Earnings yield

0.89%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Mar 2026 quarterly revenue is Rs 2,289 Cr, up 3.5% YoY.

↓ Negative

Quarterly Net Profit

Mar 2026 quarterly net profit is Rs -118 Cr, down 134.1% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	2,347	437	321	₹
March 31, 2026	2,260	0	-118	₹-2.4700
Dec. 31, 2025	2,084	392	288	₹6.0300
Sept. 30, 2025	1,947	430	310	₹6.4800
June 30, 2025	2,105	449	339	₹7.0800
March 31, 2025	2,163	473	346	₹7.2300
Dec. 31, 2024	2,096	473	346	₹7.3800
Sept. 30, 2024	2,247	502	361	₹7.7500
June 30, 2024	2,338	371	269	₹5.7870
March 31, 2024	2,329	513	390	₹8.3700
Dec. 31, 2023	2,263	504	378	₹8.1140
Sept. 30, 2023	2,249	462	346	₹7.4300
June 30, 2023	2,127	417	312	₹6.6900

Quarterly income statement (standalone, ₹ Cr)

Indicator	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23
Total income (before exceptional items)	2,289	2,111	1,993	2,147	2,211	2,127	2,281	2,383	2,367	2,298	2,292	2,175	2,036
Operating revenue	2,260	2,084	1,947	2,105	2,163	2,096	2,247	2,338	2,329	2,263	2,249	2,127	1,997
Other income	28	27	46	42	48	31	35	45	38	35	42	47	39
Operating expenses	1,643	1,517	1,396	1,533	1,546	1,486	1,621	1,687	1,669	1,600	1,643	1,579	1,509
Operating profit	617	566	551	572	617	610	625	651	659	663	607	549	488
Operating profit margin	27.3%	27.2%	28.3%	27.2%	28.5%	29.1%	27.8%	27.9%	28.3%	29.3%	27.0%	25.8%	24.4%
Depreciation	112	112	111	112	112	110	108	109	108	112	113	109	105
Interest	40	41	48	52	59	57	64	70	63	81	73	71	66
Exceptional items, gain / (loss)	-493	-49	-8	—	-20	-1	14	-146	-13	—	-2	—	-41
Profit before tax	0	392	430	449	473	473	502	371	513	504	462	417	315
Tax	118	104	120	111	128	127	141	101	123	127	116	105	71
Net profit	-118	288	310	339	346	346	361	269	390	378	346	312	245
EPS	-2.47	6.03	6.48	7.08	7.23	7.38	7.75	5.79	8.37	8.11	7.43	6.69	5.25
Net profit (TTM)	819	1,282	1,340	1,391	1,322	1,366	1,398	1,383	1,425	1,280	1,191	1,113	1,045
EPS (TTM)	17.12	26.82	28.17	29.44	28.15	29.29	30.02	29.70	30.60	27.49	25.58	23.91	22.45

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	8,396	1,271	819
March 31, 2025	8,844	1,819	1,322
March 31, 2024	8,969	1,895	1,425
March 31, 2023	7,573	1,383	1,045

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17	Mar 16
Total income (before exceptional items)	3.4%	17.6%	8,540^†	9,003^†	9,131^†	7,723^†	6,422^†	3,792^†	4,725^†	6,686^†	5,492^†	2,550^†	4,405^†
Operating revenue	3.5%	18.1%	8,396	8,844	8,969	7,573	6,255^†	3,652^†	4,564^†	6,520^†	5,373^†	2,450^†	4,305^†
Other income	—	—	144^†	159^†	162^†	150^†	168^†	140^†	161^†	166^†	119^†	99^†	100^†
Operating expenses	—	—	6,089^†	6,340^†	6,491^†	5,662^†	4,539^†	2,924^†	3,548^†	—	3,836^†	—	2,936^†
Operating profit	6.5%	26.0%	2,307^†	2,503^†	2,478^†	1,911^†	1,716^†	728^†	1,016^†	—	1,537^†	—	1,369^†
Operating profit margin	—	—	27.5%^†	28.3%^†	27.6%^†	25.2%^†	27.4%^†	19.9%^†	22.3%^†	—	28.6%^†	—	31.8%^†
Depreciation	—	—	448^†	440^†	442^†	355^†	412^†	366^†	345^†	—	307^†	—	261^†
Interest	—	—	182^†	250^†	287^†	283^†	107^†	78^†	145^†	102^†	85^†	73^†	86^†
Exceptional items, gain / (loss)	—	—	-550^†	-153^†	-15^†	-40^†	32^†	-9^†	-94^†	0^†	-133^†	38^†	-4^†
Profit before tax	-2.8%	25.1%	1,271	1,819	1,895	1,383	1,396^†	415^†	593^†	1,623^†	1,131^†	842^†	1,031^†
Tax	—	—	452^†	497^†	470^†	337^†	318^†	103^†	119^†	552^†	423^†	257^†	330^†
Net profit	-7.8%	21.3%	819	1,322	1,425	1,045	1,078^†	312^†	474^†	1,071^†	707^†	585^†	701^†
EPS	-8.6%	20.6%	17.12^†	28.15^†	30.60^†	22.45^†	23.16^†	6.70^†	10.17^†	—	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17	Mar 16
Operating margin	27.5%^†	28.3%^†	27.6%^†	25.2%^†	27.4%^†	19.9%^†	22.3%^†	—	28.6%^†	—	31.8%^†
EBIT margin	17.3%^†	23.4%^†	24.3%^†	22.0%^†	24.0%^†	13.5%^†	16.2%^†	26.5%^†	22.6%^†	37.4%^†	26.0%^†
PBT margin	15.1%	20.6%	21.1%	18.3%	22.3%^†	11.4%^†	13.0%^†	24.9%^†	21.0%^†	34.4%^†	23.9%^†
Net margin	9.8%	15.0%	15.9%	13.8%	17.2%^†	8.5%^†	10.4%^†	16.4%^†	13.2%^†	23.9%^†	16.3%^†
Interest coverage	7.98x^†	8.28x^†	7.59x^†	5.88x^†	14.01x^†	6.33x^†	5.09x^†	16.85x^†	14.33x^†	12.58x^†	12.94x^†
Dividend payout	46.7%^†	32.0%^†	26.1%^†	31.2%^†	15.1%^†	0.0%^†	59.0%^†	—	—	—	—
Earnings retention	53.3%^†	68.0%^†	73.9%^†	68.8%^†	84.9%^†	100.0%^†	41.0%^†	—	—	—	—
Current ratio	1.52x	1.58x	—	—	—	—	—	—	—	—	—
Quick ratio	1.20x	1.28x	—	—	—	—	—	—	—	—	—
Debt to equity	0.34x	0.36x	—	—	—	—	—	—	—	—	—
Return on equity	7.5%	12.1%	—	—	—	—	—	—	—	—	—
Return on assets	4.7%	7.7%	—	—	—	—	—	—	—	—	—
Return on capital employed	11.5%^†	17.1%^†	—	—	—	—	—	—	—	—	—
Asset turnover	0.48x	0.51x	—	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	1,544	-555	-984	323	1,221
March 31, 2025	1,701	-2,841	457	617	1,084
March 31, 2024	2,092	-809	-641	528	1,564
March 31, 2023	788	-601	-172	301	488
March 31, 2022	275	488	75	378	-103

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	17,528	10,988	10,893	2,713	1,052	7,398	4,864	359	2,830	1,570
March 31, 2025	17,260	10,964	10,869	3,322	659	8,095	5,132	359	2,818	1,540
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.