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Bharat Forge Ltd
NSE:BHARATFORG

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Bharat Forge Ltd
NSE:BHARATFORG
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Price: 1 711.6 INR -5.14% Market Closed
Market Cap: ₹818.3B

Operating Margin

11.7%
Current
Improving
by 0.9%
vs 3-y average of 10.8%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
11.7%
=
Operating Income
₹18.9B
/
Revenue
₹161.4B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
11.7%
=
Operating Income
₹18.9B
/
Revenue
₹161.4B

Peer Comparison

Country Company Market Cap Operating
Margin
IN
Bharat Forge Ltd
NSE:BHARATFORG
820B INR
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JP
Sumitomo Electric Industries Ltd
TSE:5802
7.8T JPY
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JP
Denso Corp
TSE:6902
5.2T JPY
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KR
Hyundai Mobis Co Ltd
KRX:012330
36.8T KRW
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CN
Fuyao Glass Industry Group Co Ltd
SSE:600660
148.5B CNY
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CN
Ningbo Tuopu Group Co Ltd
SSE:601689
108.5B CNY
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CA
Magna International Inc
TSX:MG
20.3B CAD
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IE
Aptiv PLC
NYSE:APTV
14.7B USD
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DE
Continental AG
XETRA:CON
11.7B EUR
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IN
Samvardhana Motherson International Ltd
NSE:MOTHERSON
1.2T INR
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US
Borgwarner Inc
NYSE:BWA
10.9B USD
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Market Distribution

In line with most companies in India
Percentile
66th
Based on 5 437 companies
66th percentile
11.7%
Low
-153 833.3% — 2.7%
Typical Range
2.7% — 13.2%
High
13.2% — 9 977%
Distribution Statistics
India
Min -153 833.3%
30th Percentile 2.7%
Median 7.3%
70th Percentile 13.2%
Max 9 977%

Bharat Forge Ltd
Glance View

Bharat Forge Ltd., hailing from the industrious city of Pune, India, has carved a robust niche in the world of manufacturing, particularly in forging technologies. Established in 1961, the company sprang from humble origins yet quickly gained a reputation for engineering excellence and innovation. As a flagship of the Kalyani Group, Bharat Forge is more than just metal and machinery – it epitomizes the prowess of Indian industry on the global stage. Primarily, it serves a diverse clientele across sectors like automotive, aerospace, oil and gas, power, construction, and mining. The essence of Bharat Forge lies in its sophisticated processes like precision forging, advanced machining, and lightweighting technologies that enable it to deliver high-performance components. These capabilities are pivotal for crafting engine and chassis parts used worldwide in passenger vehicles, commercial trucks, and even in high-end defense equipment. The company's business model revolves around a keen focus on innovation, operational efficiency, and a strategic expansion into value-added services. Its vast network of 10 manufacturing centers across five countries facilitates immense production scalability and agility. Over the years, Bharat Forge has not just relied on its engineering acumen but has underscored its operations with powerful R&D initiatives and close collaborations with global OEMs. By specializing in critical parts that require stringent technical specifications, the company not only ensures steady demand but also commands lucrative pricing. Their approach to diversifying end-user industries mitigates risks and opens multiple revenue streams, which are vital in navigating the cyclical nature of some of its largest markets like automotive. All in all, Bharat Forge epitomizes a blend of traditional metallurgical skills with cutting-edge innovation, ensuring its stature as a global leader in forging technologies.

BHARATFORG Intrinsic Value
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What is Operating Margin?
Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.
How is Operating Margin calculated?

Operating Margin is calculated by dividing the Operating Income by the Revenue.

Operating Margin
11.7%
=
Operating Income
₹18.9B
/
Revenue
₹161.4B
What is Bharat Forge Ltd's current Operating Margin?

The current Operating Margin for Bharat Forge Ltd is 11.7%, which is above its 3-year median of 10.8%.

How has Operating Margin changed over time?

Over the last 3 years, Bharat Forge Ltd’s Operating Margin has increased from 9% to 11.7%. During this period, it reached a low of 8.1% on Mar 31, 2023 and a high of 12.2% on Mar 31, 2025.

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