Bharat Forge Limited Logo

Bharat Forge Limited

BHARATFORG.NS

(1.5)
Stock Price

1.585,95 INR

3.59% ROA

24.8% ROE

87.27x PER

Market Cap.

583.476.134.800,00 INR

107.01% DER

0.44% Yield

5.62% NPM

Bharat Forge Limited Stock Analysis

Bharat Forge Limited Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Bharat Forge Limited Fundamental Stock Analysis
# Analysis Rating
1 Dividend

With a solid track record of dividend payments over the past five years, the company has established itself as a dependable choice for investors seeking consistent income.

2 ROE

ROE in an average range (8.45%) suggests satisfactory profitability and decent utilization of shareholders' equity.

3 ROA

The stock's ROA (3.38%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

4 DER

The stock has a reasonable amount of debt compared to its ownership (91%), suggesting a balanced financial position and a moderate level of risk.

5 Assets Growth

With a track record of continuous revenue growth in the last three years, this company offers a promising investment opportunity

6 PBV

The stock's elevated P/BV ratio (7.52x) raises concerns about its overvaluation, making it an imprudent choice for investors seeking value.

7 Revenue Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

8 Net Profit Growth

Throughout the last five years, this company's net profit has remained unchanged, indicating a lack of growth and making it a less favorable investment option.

9 Graham Number

The company's Graham number indicates that it is overvalued compared to its stock price, suggesting a potentially unfavorable investment opportunity.

10 Dividend Growth

The company's dividend growth has remained unchanged for three years, signaling a lack of positive momentum and making it a less favorable investment choice.

11 Buffet Intrinsic Value

Warren Buffett's formula suggests that the company's stock is overpriced (-47.027), presenting a possible disadvantage for investors as its market price surpasses its estimated intrinsic value.

Bharat Forge Limited Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Bharat Forge Limited Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

Bharat Forge Limited Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Bharat Forge Limited Revenue
Year Revenue Growth
2004 19.256.093.000
2005 29.519.910.000 34.77%
2006 41.202.000.000 28.35%
2007 45.613.970.000 9.67%
2008 46.729.520.000 2.39%
2009 32.616.000.000 -43.27%
2010 49.686.050.000 34.36%
2011 61.460.160.000 19.16%
2012 56.401.390.000 -8.97%
2013 66.222.180.000 14.83%
2014 74.846.520.000 11.52%
2015 75.500.870.000 0.87%
2016 60.969.140.000 -23.83%
2017 79.724.360.000 23.53%
2018 96.151.880.000 17.08%
2019 76.700.940.000 -25.36%
2020 60.822.370.000 -26.11%
2021 99.035.730.000 38.59%
2022 129.102.590.000 23.29%
2023 150.967.480.000 14.48%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Bharat Forge Limited Research and Development Expenses
Year Research and Development Expenses Growth
2004 0
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Bharat Forge Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
2004 0
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 1.402.030.000 100%
2012 94.700.000 -1380.5%
2013 576.990.000 83.59%
2014 556.420.000 -3.7%
2015 779.560.000 28.62%
2016 800.990.000 2.68%
2017 881.670.000 9.15%
2018 1.084.410.000 18.7%
2019 990.200.000 -9.51%
2020 1.281.670.000 22.74%
2021 1.326.110.000 3.35%
2022 1.575.130.000 15.81%
2023 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Bharat Forge Limited EBITDA
Year EBITDA Growth
2004 3.902.090.000
2005 5.205.590.000 25.04%
2006 6.365.770.000 18.23%
2007 6.768.100.000 5.94%
2008 3.923.070.000 -72.52%
2009 3.290.060.000 -19.24%
2010 7.070.100.000 53.47%
2011 10.740.960.000 34.18%
2012 8.733.790.000 -22.98%
2013 11.552.630.000 24.4%
2014 15.972.290.000 27.67%
2015 15.390.100.000 -3.78%
2016 13.513.980.000 -13.88%
2017 18.230.880.000 25.87%
2018 21.079.580.000 13.51%
2019 11.149.200.000 -89.07%
2020 8.990.460.000 -24.01%
2021 20.386.880.000 55.9%
2022 19.069.420.000 -6.91%
2023 26.976.640.000 29.31%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Bharat Forge Limited Gross Profit
Year Gross Profit Growth
2004 3.144.438.000
2005 3.874.430.000 18.84%
2006 4.815.640.000 19.54%
2007 4.866.370.000 1.04%
2008 2.225.120.000 -118.7%
2009 1.376.810.000 -61.61%
2010 5.134.620.000 73.19%
2011 20.993.580.000 75.54%
2012 20.556.530.000 -2.13%
2013 24.210.730.000 15.09%
2014 30.014.710.000 19.34%
2015 31.606.540.000 5.04%
2016 27.116.460.000 -16.56%
2017 34.829.250.000 22.14%
2018 39.584.500.000 12.01%
2019 29.753.480.000 -33.04%
2020 24.673.750.000 -20.59%
2021 42.108.490.000 41.4%
2022 69.489.060.000 39.4%
2023 80.398.880.000 13.57%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Bharat Forge Limited Net Profit
Year Net Profit Growth
2004 2.010.857.000
2005 2.505.420.000 19.74%
2006 2.905.880.000 13.78%
2007 2.909.360.000 0.12%
2008 406.510.000 -615.69%
2009 -634.220.000 164.1%
2010 2.899.060.000 121.88%
2011 4.130.480.000 29.81%
2012 2.475.750.000 -66.84%
2013 4.985.290.000 50.34%
2014 7.625.360.000 34.62%
2015 6.499.860.000 -17.32%
2016 7.046.160.000 7.75%
2017 7.624.440.000 7.58%
2018 10.321.730.000 26.13%
2019 3.498.320.000 -195.05%
2020 -1.263.810.000 376.81%
2021 10.817.560.000 111.68%
2022 5.283.640.000 -104.74%
2023 9.089.000.000 41.87%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Bharat Forge Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2004 5
2005 6 20%
2006 7 16.67%
2007 7 0%
2008 1 -500%
2009 -1 200%
2010 6 116.67%
2011 9 25%
2012 5 -60%
2013 11 50%
2014 16 37.5%
2015 15 -14.29%
2016 15 6.67%
2017 16 6.25%
2018 22 27.27%
2019 8 -214.29%
2020 -3 450%
2021 23 108.7%
2022 11 -109.09%
2023 20 42.11%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Bharat Forge Limited Free Cashflow
Year Free Cashflow Growth
2005 -1.534.010.000
2006 -2.242.050.000 31.58%
2007 -3.315.680.000 32.38%
2008 -2.519.990.000 -31.58%
2009 3.797.200.000 166.36%
2010 -1.682.200.000 325.73%
2011 -5.492.030.000 69.37%
2012 1.970.850.000 378.66%
2013 412.290.000 -378.03%
2014 3.121.050.000 86.79%
2015 1.368.300.000 -128.1%
2016 3.963.040.000 65.47%
2017 3.823.910.000 -3.64%
2018 -2.656.280.000 243.96%
2019 5.601.890.000 147.42%
2020 1.400.472.500 -300%
2021 -5.624.820.000 124.9%
2022 2.982.840.000 288.57%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Bharat Forge Limited Operating Cashflow
Year Operating Cashflow Growth
2005 2.645.580.000
2006 3.771.100.000 29.85%
2007 4.283.760.000 11.97%
2008 2.834.740.000 -51.12%
2009 5.421.840.000 47.72%
2010 3.407.060.000 -59.14%
2011 7.028.390.000 51.52%
2012 7.575.790.000 7.23%
2013 7.170.700.000 -5.65%
2014 10.292.890.000 30.33%
2015 11.638.390.000 11.56%
2016 10.516.740.000 -10.67%
2017 9.673.620.000 -8.72%
2018 9.114.680.000 -6.13%
2019 15.219.500.000 40.11%
2020 3.804.875.000 -300%
2021 5.058.480.000 24.78%
2022 12.944.660.000 60.92%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Bharat Forge Limited Capital Expenditure
Year Capital Expenditure Growth
2005 4.179.590.000
2006 6.013.150.000 30.49%
2007 7.599.440.000 20.87%
2008 5.354.730.000 -41.92%
2009 1.624.640.000 -229.59%
2010 5.089.260.000 68.08%
2011 12.520.420.000 59.35%
2012 5.604.940.000 -123.38%
2013 6.758.410.000 17.07%
2014 7.171.840.000 5.76%
2015 10.270.090.000 30.17%
2016 6.553.700.000 -56.71%
2017 5.849.710.000 -12.03%
2018 11.770.960.000 50.3%
2019 9.617.610.000 -22.39%
2020 2.404.402.500 -300%
2021 10.683.300.000 77.49%
2022 9.961.820.000 -7.24%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Bharat Forge Limited Equity
Year Equity Growth
2004 5.104.657.000
2005 12.654.730.000 59.66%
2006 14.897.960.000 15.06%
2007 16.541.020.000 9.93%
2008 16.434.570.000 -0.65%
2009 14.629.960.000 -12.34%
2010 19.529.450.000 25.09%
2011 21.902.470.000 10.83%
2012 22.563.890.000 2.93%
2013 26.832.410.000 15.91%
2014 34.441.630.000 22.09%
2015 35.757.590.000 3.68%
2016 41.163.670.000 13.13%
2017 46.517.110.000 11.51%
2018 54.058.920.000 13.95%
2019 52.517.290.000 -2.94%
2020 54.468.140.000 3.58%
2021 66.267.510.000 17.81%
2022 67.415.980.000 1.7%
2023 70.264.000.000 4.05%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Bharat Forge Limited Assets
Year Assets Growth
2004 20.010.655.000
2005 38.283.380.000 47.73%
2006 49.301.370.000 22.35%
2007 51.590.050.000 4.44%
2008 53.437.750.000 3.46%
2009 53.736.060.000 0.56%
2010 59.867.650.000 10.24%
2011 73.342.020.000 18.37%
2012 74.394.210.000 1.41%
2013 75.345.070.000 1.26%
2014 82.359.110.000 8.52%
2015 89.516.380.000 8%
2016 88.407.440.000 -1.25%
2017 100.164.210.000 11.74%
2018 116.422.340.000 13.96%
2019 115.628.370.000 -0.69%
2020 131.778.380.000 12.26%
2021 156.089.340.000 15.58%
2022 183.841.870.000 15.1%
2023 189.790.900.000 3.13%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Bharat Forge Limited Liabilities
Year Liabilities Growth
2004 14.905.998.000
2005 25.628.650.000 41.84%
2006 34.088.120.000 24.82%
2007 34.347.110.000 0.75%
2008 36.049.350.000 4.72%
2009 38.323.400.000 5.93%
2010 38.796.060.000 1.22%
2011 49.482.350.000 21.6%
2012 50.187.860.000 1.41%
2013 48.342.480.000 -3.82%
2014 47.917.480.000 -0.89%
2015 53.758.790.000 10.87%
2016 47.143.370.000 -14.03%
2017 53.352.900.000 11.64%
2018 62.363.420.000 14.45%
2019 63.111.080.000 1.18%
2020 77.310.240.000 18.37%
2021 89.821.830.000 13.93%
2022 116.425.890.000 22.85%
2023 119.526.900.000 2.59%

Bharat Forge Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
314.28
Net Income per Share
14.36
Price to Earning Ratio
87.27x
Price To Sales Ratio
3.99x
POCF Ratio
0
PFCF Ratio
0
Price to Book Ratio
8.32
EV to Sales
4.45
EV Over EBITDA
28.22
EV to Operating CashFlow
0
EV to FreeCashFlow
0
Earnings Yield
0.01
FreeCashFlow Yield
0
Market Cap
583,48 Bil.
Enterprise Value
651,20 Bil.
Graham Number
220.59
Graham NetNet
-117.91

Income Statement Metrics

Net Income per Share
14.36
Income Quality
0
ROE
0.1
Return On Assets
0
Return On Capital Employed
0
Net Income per EBT
0.68
EBT Per Ebit
0.74
Ebit per Revenue
0.11
Effective Tax Rate
0.35

Margins

Sales, General, & Administrative to Revenue
0
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.48
Operating Profit Margin
0.11
Pretax Profit Margin
0.08
Net Profit Margin
0.06

Dividends

Dividend Yield
0
Dividend Yield %
0.44
Payout Ratio
0
Dividend Per Share
5.5

Operating Metrics

Operating Cashflow per Share
0
Free CashFlow per Share
0
Capex to Operating CashFlow
0
Capex to Revenue
0
Capex to Depreciation
0
Return on Invested Capital
0.06
Return on Tangible Assets
0.04
Days Sales Outstanding
83.47
Days Payables Outstanding
122.84
Days of Inventory on Hand
173.66
Receivables Turnover
4.37
Payables Turnover
2.97
Inventory Turnover
2.1
Capex per Share
0

Balance Sheet

Cash per Share
49,15
Book Value per Share
150,60
Tangible Book Value per Share
142.86
Shareholders Equity per Share
150.6
Interest Debt per Share
170.72
Debt to Equity
1.07
Debt to Assets
0.4
Net Debt to EBITDA
2.93
Current Ratio
1.02
Tangible Asset Value
66,52 Bil.
Net Current Asset Value
-22,54 Bil.
Invested Capital
1.07
Working Capital
1,50 Bil.
Intangibles to Total Assets
0.02
Average Receivables
32,90 Bil.
Average Payables
22,53 Bil.
Average Inventory
32271950000
Debt to Market Cap
0.13

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Bharat Forge Limited Dividends
Year Dividends Growth
2003 6
2004 2 -500%
2005 3 50%
2006 3 33.33%
2007 4 0%
2008 4 0%
2009 1 -200%
2010 1 0%
2011 4 66.67%
2012 4 25%
2013 3 -33.33%
2014 5 25%
2015 8 42.86%
2016 8 0%
2017 10 22.22%
2018 5 -80%
2019 4 -25%
2020 2 -100%
2021 4 33.33%
2022 7 57.14%
2023 6 -40%

Bharat Forge Limited Profile

About Bharat Forge Limited

Bharat Forge Limited manufactures and sells forged and machined components in India and internationally. It operates in two segments, Forgings and Others. The company offers automotive components, including crankshafts, connecting rods, emission/after treatment, fuel injection systems, chassis, and transmission and driveline components; and power generation components for thermal, hydro, and wind energy. It also provides oil and gas forging products, such as subsea, surface, and drilling components; rail products comprising engine and bogie components, turbochargers, and power electronics; and marine products that include crankshafts, rubber, connecting rods, and propeller shafts. In addition, the company offers various components for the aviation sector, such as fan blades, compressors, turbines, aero structures, and landing gear components; construction and mining products, including track links, front spindles, machined crankshafts, and injector bodies; and electric power-train products, such as full powertrain solutions, systems and sub systems, and parts for powertrain. Further, it designs engineering and product development solutions. The company was incorporated in 1961 and is headquartered in Pune, India.

CEO
Dr. Babasaheb Neelkanth Kalyan
Employee
4.265
Address
Pune Cantonment
Pune, 411036

Bharat Forge Limited Executives & BODs

Bharat Forge Limited Executives & BODs
# Name Age
1 Dr. Babasaheb Neelkanth Kalyani M.S. (MIT)
Chairman & MD
70
2 Dr. S. V. Bhave
Director of HR & IR
70
3 Mr. Kedar Dixit
Chief Financial Officer
70
4 Mr. V. M. Munje
President of Corporate & Group General Counsel
70
5 Mr. Subodh E. Tandale B.E.(Mech.)
Executive Director
70
6 Mr. Amit Babasaheb Kalyani B.E. (Mech.), B.E.(Mech.
Joint MD & Executive Director
70
7 Ms. Tejaswini Ramkrishna Chaudhari
Compliance Officer & Company Secretary
70
8 Mr. B. P. Kalyani B.E.(P), M.B.A., M.S.
Executive Director
70
9 Mr. G. K. Agarwal B.E. (Mech.), M.B.A
Deputy MD & Executive Director
70
10 Mr. Vijay Kumar Jain B.Tech.(Mech.)
Senior Vice President of Sales & Marketing
70

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