Bharat Forge Ltd
NSE:BHARATFORG

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Bharat Forge Ltd Logo
Bharat Forge Ltd
NSE:BHARATFORG
Watchlist
Price: 1 383.3 INR 0.71% Market Closed
Market Cap: 661.3B INR
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+28%
5Y
+150%
10Y
-
Operating Income
+
3Y
+54%
5Y
-
10Y
-
Net Income
+
3Y
+11%
5Y
-
10Y
-

Earnings Waterfall
Bharat Forge Ltd

Revenue
152.7B INR
Cost of Revenue
-66.6B INR
Gross Profit
86.1B INR
Operating Expenses
-68.2B INR
Operating Income
18B INR
Other Expenses
-7.2B INR
Net Income
10.8B INR

Income Statement
Bharat Forge Ltd

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Income Statement
Currency: INR
Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 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 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
411
138
298
502
683
765
838
888
1 067
1 114
1 182
1 252
1 269
1 256
1 245
1 245
1 291
0
0
0
974
0
0
0
1 111
0
0
0
913
0
0
0
1 282
0
0
0
2 659
0
0
0
4 581
0
0
0
0
0
0
Revenue
19 934
N/A
21 168
+6%
23 212
+10%
27 331
+18%
30 189
+10%
33 685
+12%
36 528
+8%
37 296
+2%
41 783
+12%
42 519
+2%
43 262
+2%
43 888
+1%
46 523
+6%
49 022
+5%
52 036
+6%
50 835
-2%
47 746
-6%
24 137
-49%
50 110
+108%
74 750
+49%
101 457
+36%
100 600
-1%
96 179
-4%
89 848
-7%
80 558
-10%
68 822
-15%
61 031
-11%
59 953
-2%
63 363
+6%
72 897
+15%
82 992
+14%
89 708
+8%
104 611
+17%
112 049
+7%
118 957
+6%
128 544
+8%
129 103
+0%
139 361
+8%
146 339
+5%
151 469
+4%
156 821
+4%
159 109
+1%
158 253
-1%
154 344
-2%
151 228
-2%
149 254
-1%
152 688
+2%
Gross Profit
Cost of Revenue
(11 281)
0
0
0
(18 813)
0
0
0
(26 730)
0
0
0
(29 781)
0
0
0
(31 791)
(9 829)
(20 492)
(31 206)
(53 722)
(42 249)
(41 136)
(38 708)
(45 043)
(31 292)
(27 397)
(25 904)
(34 241)
(28 340)
(31 903)
(34 610)
(53 679)
(47 174)
(51 568)
(58 084)
(74 537)
(65 921)
(69 951)
(71 738)
(88 769)
(73 380)
(71 380)
(68 275)
(81 092)
(64 537)
(66 568)
Gross Profit
8 653
N/A
0
N/A
0
N/A
0
N/A
11 376
N/A
0
N/A
0
N/A
0
N/A
15 053
N/A
0
N/A
0
N/A
0
N/A
16 742
N/A
0
N/A
0
N/A
0
N/A
15 955
N/A
14 308
-10%
29 618
+107%
43 544
+47%
47 736
+10%
58 351
+22%
55 043
-6%
51 139
-7%
35 516
-31%
37 530
+6%
33 634
-10%
34 050
+1%
29 122
-14%
44 556
+53%
51 088
+15%
55 096
+8%
50 931
-8%
64 873
+27%
67 387
+4%
70 459
+5%
54 566
-23%
73 441
+35%
76 388
+4%
79 731
+4%
68 051
-15%
85 729
+26%
86 872
+1%
86 069
-1%
70 136
-19%
84 718
+21%
86 120
+2%
Operating Income
Operating Expenses
(5 182)
(17 683)
(19 456)
(23 492)
(7 425)
(29 552)
(32 316)
(32 891)
(10 448)
(38 164)
(38 832)
(39 435)
(11 948)
(43 744)
(46 662)
(46 408)
(12 897)
(10 816)
(22 740)
(32 950)
(32 513)
(43 668)
(41 550)
(40 561)
(29 454)
(36 047)
(34 197)
(34 374)
(26 515)
(37 316)
(40 967)
(42 803)
(38 317)
(52 676)
(55 747)
(58 828)
(44 070)
(61 508)
(62 829)
(64 633)
(50 956)
(67 298)
(68 202)
(68 080)
(51 636)
(67 273)
(68 167)
Selling, General & Administrative
(4 420)
0
0
0
(6 153)
0
0
0
(8 574)
0
0
0
(10 989)
0
0
0
(10 404)
(3 184)
(6 349)
(9 402)
(23 114)
(12 505)
(12 385)
(12 292)
(20 489)
(11 701)
(11 097)
(10 709)
(17 866)
(11 028)
(11 773)
(12 159)
(27 144)
(15 071)
(15 891)
(16 643)
(32 275)
(16 643)
(17 264)
(18 052)
(36 954)
(18 861)
(18 907)
(18 770)
(37 655)
(18 848)
(19 382)
Depreciation & Amortization
(772)
(254)
(542)
(908)
(1 281)
(1 448)
(1 610)
(1 705)
(1 881)
(1 984)
(2 077)
(2 161)
(2 271)
(2 347)
(2 412)
(2 556)
(2 517)
(1 262)
(2 619)
(3 938)
(5 132)
(5 328)
(5 307)
(5 291)
(5 433)
(5 481)
(5 666)
(5 972)
(6 037)
(6 404)
(6 619)
(6 771)
(7 216)
(7 443)
(7 588)
(7 683)
(7 356)
(7 609)
(7 842)
(8 222)
(8 482)
(8 604)
(8 624)
(8 570)
(8 736)
(8 814)
(9 090)
Other Operating Expenses
10
(17 429)
(18 913)
(22 584)
9
(28 103)
(30 706)
(31 186)
8
(36 180)
(36 755)
(37 275)
1 312
(41 399)
(44 251)
(43 852)
25
(6 371)
(13 773)
(19 610)
(4 267)
(25 835)
(23 859)
(22 980)
(3 532)
(18 865)
(17 435)
(17 694)
(2 611)
(19 885)
(22 573)
(23 873)
(3 957)
(30 162)
(32 266)
(34 501)
(4 440)
(37 256)
(37 723)
(38 358)
(5 521)
(39 833)
(40 672)
(40 740)
(5 245)
(39 610)
(39 695)
Operating Income
3 471
N/A
3 485
+0%
3 756
+8%
3 839
+2%
3 951
+3%
4 133
+5%
4 212
+2%
4 406
+5%
4 605
+5%
4 357
-5%
4 431
+2%
4 453
+0%
4 794
+8%
5 278
+10%
5 375
+2%
4 429
-18%
3 059
-31%
3 492
+14%
6 878
+97%
10 594
+54%
15 222
+44%
14 682
-4%
13 492
-8%
10 578
-22%
6 061
-43%
1 483
-76%
(563)
N/A
(325)
+42%
2 607
N/A
7 242
+178%
10 123
+40%
12 296
+21%
12 615
+3%
12 199
-3%
11 642
-5%
11 632
0%
10 496
-10%
11 932
+14%
13 559
+14%
15 098
+11%
17 095
+13%
18 432
+8%
18 670
+1%
17 989
-4%
18 500
+3%
17 444
-6%
17 953
+3%
Pre-Tax Income
Interest Income Expense
(411)
(138)
(298)
(502)
(683)
(765)
(838)
(888)
(1 067)
(1 114)
(1 072)
(1 166)
(687)
(1 257)
(2 228)
(2 605)
(1 979)
(243)
(186)
(822)
119
(1 588)
(2 202)
(1 878)
(680)
(1 686)
(1 280)
(1 115)
229
(1 594)
(1 344)
(1 398)
(114)
(1 207)
(1 866)
(3 124)
(2 255)
(3 926)
(4 609)
(4 518)
(2 845)
(5 004)
(4 859)
(4 450)
(2 703)
(3 760)
(3 463)
Non-Reccuring Items
(10)
0
0
0
(4)
(68)
0
0
(144)
256
256
256
(20)
(1 026)
(1 267)
(1 334)
(302)
0
0
0
(76)
0
0
(276)
(833)
(789)
(849)
(3 568)
(3 149)
(3 679)
(3 619)
1 048
837
1 511
1 489
(183)
(458)
(428)
(427)
(427)
(123)
(1 641)
(1 620)
(1 620)
(1 571)
(53)
(53)
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
4
0
0
0
23
0
0
0
103
0
0
0
4
0
0
0
3
0
0
0
223
0
0
0
17
0
0
0
(36)
0
0
0
(15)
0
0
Total Other Income
80
113
228
389
661
785
863
899
969
939
898
893
408
912
892
843
301
404
807
1 334
735
2 073
2 191
2 036
494
1 880
1 694
1 702
355
1 646
1 694
1 654
574
1 879
1 952
1 978
470
2 045
2 110
2 304
246
2 149
2 241
2 065
384
2 118
2 037
Pre-Tax Income
3 130
N/A
3 461
+11%
3 687
+7%
3 726
+1%
3 925
+5%
4 085
+4%
4 237
+4%
4 417
+4%
4 363
-1%
4 436
+2%
4 511
+2%
4 435
-2%
4 499
+1%
3 908
-13%
2 773
-29%
1 334
-52%
1 102
-17%
3 653
+231%
7 498
+105%
11 105
+48%
16 104
+45%
15 167
-6%
13 481
-11%
10 459
-22%
5 046
-52%
886
-82%
(1 000)
N/A
(3 307)
-231%
45
N/A
3 614
+7 931%
6 854
+90%
13 600
+98%
14 135
+4%
14 380
+2%
13 217
-8%
10 303
-22%
8 269
-20%
9 622
+16%
10 634
+11%
12 457
+17%
14 337
+15%
13 936
-3%
14 432
+4%
13 984
-3%
14 595
+4%
15 750
+8%
16 474
+5%
Net Income
Tax Provision
(1 119)
(1 213)
(1 294)
(1 281)
(1 419)
(1 475)
(1 495)
(1 532)
(1 529)
(1 533)
(1 560)
(1 544)
(1 589)
(1 394)
(1 008)
(645)
(696)
(1 262)
(2 567)
(3 975)
(5 664)
(5 343)
(4 069)
(2 756)
(1 125)
7
(250)
(500)
(1 015)
(1 711)
(2 124)
(2 559)
(3 035)
(3 270)
(3 501)
(3 742)
(3 186)
(3 721)
(4 007)
(4 392)
(5 288)
(5 261)
(5 461)
(5 398)
(5 426)
(5 447)
(5 604)
Income from Continuing Operations
2 011
2 248
2 394
2 446
2 505
2 610
2 740
2 883
2 835
2 903
2 952
2 892
2 909
2 514
1 764
688
407
2 390
4 931
7 130
10 440
9 825
9 412
7 703
3 921
892
(1 251)
(3 808)
(970)
1 904
4 731
11 043
11 101
11 111
9 717
6 561
5 084
5 901
6 627
8 065
9 048
8 675
8 971
8 586
9 170
10 303
10 870
Income to Minority Interest
0
0
0
0
0
0
0
0
71
0
0
0
106
0
0
0
176
8
21
34
(4)
0
3
4
6
10
8
6
6
0
(7)
(27)
47
79
116
162
200
256
336
399
410
595
475
373
279
(5)
(9)
Equity Earnings Affiliates
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(3)
(16)
(45)
(114)
(167)
(227)
(284)
(429)
(392)
(317)
(268)
(300)
(371)
(480)
(468)
(330)
(264)
(160)
(437)
(333)
(284)
(276)
43
53
35
24
(9)
(37)
(77)
(85)
Net Income (Common)
1 986
N/A
2 171
+9%
2 317
+7%
2 369
+2%
2 492
+5%
2 597
+4%
2 727
+5%
2 870
+5%
2 896
+1%
2 964
+2%
3 013
+2%
2 953
-2%
3 007
+2%
2 612
-13%
1 862
-29%
786
-58%
554
-30%
2 395
+332%
4 936
+106%
7 118
+44%
10 322
+45%
9 658
-6%
9 188
-5%
7 424
-19%
3 498
-53%
510
-85%
(1 561)
N/A
(4 071)
-161%
(1 264)
+69%
1 530
N/A
4 242
+177%
10 546
+149%
10 818
+3%
10 926
+1%
9 673
-11%
6 286
-35%
5 284
-16%
5 873
+11%
6 686
+14%
8 507
+27%
9 511
+12%
9 305
-2%
9 469
+2%
8 951
-5%
9 412
+5%
10 220
+9%
10 776
+5%
EPS (Diluted)
5.02
N/A
5.58
+11%
5.97
+7%
6.1
+2%
5.61
-8%
4.5
-20%
4.73
+5%
4.98
+5%
6.5
+31%
6.66
+2%
6.77
+2%
6.63
-2%
6.72
+1%
5.86
-13%
4.18
-29%
1.76
-58%
1.24
-30%
5.14
+315%
10.6
+106%
15.29
+44%
22.17
+45%
20.75
-6%
19.73
-5%
15.94
-19%
7.51
-53%
1.09
-85%
-3.35
N/A
-8.74
-161%
-2.71
+69%
3.29
N/A
9.11
+177%
22.67
+149%
23.23
+2%
23.46
+1%
20.77
-11%
13.57
-35%
11.35
-16%
12.62
+11%
14.37
+14%
18.27
+27%
20.43
+12%
19.99
-2%
20.34
+2%
19.1
-6%
20.05
+5%
21.36
+7%
22.54
+6%

See Also

Summary
BHARATFORG intrinsic value, competitors valuation, and company profile.
DCF Valuation
BHARATFORG stock valuation using Discount Cash Flow valuation method.
Relative Valuation
BHARATFORG stock valuation using valuation multiples.
Wall Street Estimates
BHARATFORG price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
BHARATFORG stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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