Debut Plus

₹1,761.9

▲ +31.49 +1.82%

27 Oct 2026

NSE Listed · Castings, Forgings & Fastners

Bharat Forge Ltd. (BHARATFORG)

Volume: 1,24,559Avg Vol 1W: 8,64,689Avg Vol 1M: 8,12,64152W Range:₹1,284₹2,295
Market Cap₹86,099 Cr
Current Price₹1,761.9
Previous Close₹1,730.41
High / Low (52w)₹2,295 / ₹1,284
Volume1,24,559
Avg Vol (1W)8,64,689
Avg Vol (1M)8,12,641
Stock P/E85.12
Book Value₹236.94
Dividend Yield48%
ROE11.27%
ROA321.49%
Revenue (TTM)—
Revenue Growth-3.57%
Profit Margin402.59%
Total Debt₹1,319 Cr
Shares Outstanding49 Cr
Face Value₹2
EPS (TTM)₹20.7
P/B7.44
Debt / Equity0.74
50 DMA₹1,935.92
200 DMA₹1,883.8
Day change+1.82%
Price Chart
₹1,761.9▲ 35.38% · 1Y
₹2265₹118575.1L
2025-10-27
2026-10-27

20-day avg volume: 8.0L shares

Pros
  • Pays a dividend yield of 48.0%.
  • Company is almost debt-free.
Cons
  • Stock trades at a high P/E of 85.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹3,689 Cr₹3,476 Cr₹3,853 Cr₹3,909 Cr₹4,032 Cr₹4,343 Cr₹4,528 Cr₹4,640 Cr
EBITDA₹496 Cr₹445 Cr₹520 Cr₹497 Cr₹538 Cr₹544 Cr₹576 Cr₹503 Cr
Net Profit₹244 Cr₹213 Cr₹282 Cr₹284 Cr₹299 Cr₹264 Cr₹233 Cr₹-90 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026
Revenue₹15,337 Cr₹2,163 Cr₹2,105 Cr₹1,947 Cr₹2,084 Cr₹2,260 Cr₹17,010 Cr₹2,347 Cr
EBITDA₹2,034 Cr₹553 Cr₹502 Cr₹486 Cr₹482 Cr₹533 Cr₹2,154 Cr₹505 Cr
Net Profit₹941 Cr₹346 Cr₹339 Cr₹310 Cr₹288 Cr₹-118 Cr₹1,080 Cr₹321 Cr
EPS20.05—————22.58—
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹11,642 Cr₹11,563 Cr₹13,178 Cr₹15,609 Cr₹18,384 Cr₹19,349 Cr₹20,088 Cr₹22,260 Cr
Total Liabilities₹6,236 Cr₹6,311 Cr₹7,731 Cr₹8,982 Cr₹11,643 Cr₹12,184 Cr₹10,868 Cr₹12,703 Cr
Equity₹5,406 Cr₹5,252 Cr₹5,447 Cr₹6,627 Cr₹6,742 Cr₹7,165 Cr₹9,221 Cr₹9,557 Cr
Total Debt————————
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹1,462 Cr₹1,755 Cr₹1,113 Cr₹858 Cr₹1,712 Cr₹2,183 Cr₹2,401 Cr₹2,051 Cr
Investing₹-1,175 Cr₹-1,132 Cr₹-1,511 Cr₹-690 Cr₹-1,671 Cr₹-667 Cr₹-1,964 Cr₹-1,033 Cr
Financing₹368 Cr₹-381 Cr₹578 Cr₹310 Cr₹280 Cr₹-203 Cr₹-570 Cr₹-442 Cr
Free Cash Flow₹1,462 Cr₹1,755 Cr₹1,113 Cr₹858 Cr₹1,712 Cr₹2,183 Cr₹2,401 Cr₹2,051 Cr
Shareholding
Promoter 43.12% Institutions 48.24% Public 8.64%
Efficiency & Working Capital
ROCE11.4%
Interest Coverage6.2
Dividend Payout—
Debtor Days85 d
Inventory Days88 d
Payable Days65 d
Cash Conversion Cycle108 d
Working Capital Days173 d
Shareholding Details

As of 2026-09-30

Promoter43.1%
FII15.2%
DII33%
Institutions48.2%
Public8.6%
Promoter Pledge0%
No. of Shareholders2,26,687
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters45.3%45.3%45.3%45.3%44.1%44.1%44.1%44.1%44.1%44.1%44.1%43.1%
FIIs16.6%16.5%17%18.7%17.9%16.1%14.4%13.6%12.4%14.2%15%15.2%
DIIs25.1%28.2%28.1%26.5%28.5%30.4%31.4%32.3%34.2%32.8%32.3%33%
Public13%10%9.6%9.6%9.6%9.5%10.2%10%9.3%9%8.5%8.6%
Promoter Pledge7.1%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders1,79,6831,89,1041,82,9881,99,7212,07,8102,14,7252,42,7322,49,5202,27,1602,28,1562,32,3612,26,687
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Kalyani Investment Company LimitedShareholding of Promoter and Promoter Group13%6.33 Cr
Sundaram Trading And Investment Pvt LtdShareholding of Promoter and Promoter Group11.3%5.53 Cr
Ksl Holdings Private LimitedShareholding of Promoter and Promoter Group9.5%4.63 Cr
Hdfc Trustee Company Ltd. A/c Hdfc Balanced Advantage FundPublic Shareholding4%1.97 Cr
Nps Trust A/c - Lic Pfl Nps Smart Balance Tier IPublic Shareholding3.8%1.84 Cr
Kotak Mahindra Trustee Co Ltd A/c Kotak Dividend Yield FundPublic Shareholding3.4%1.68 Cr
Bf Investment LimitedShareholding of Promoter and Promoter Group3.2%1.56 Cr
Ajinkya Investment And Trading CompanyShareholding of Promoter and Promoter Group3.1%1.50 Cr
Lici New Pension Plus Growth FundPublic Shareholding2.5%1.20 Cr
Sbi Arbitrage FundPublic Shareholding2.2%1.06 Cr
Sbi Life Insurance Co. LtdPublic Shareholding1.7%80,71,260
Icici Prudential Retirement Fund-pure Equity PlanPublic Shareholding1.5%71,96,479
Aditya Birla Sun Life Mutual Fund - Apex Hybrid Long-short FundPublic Shareholding1.3%64,43,263
Nippon Life India Trustee Ltd-a/c Nippon India Nifty Auto Index FundPublic Shareholding1.3%64,12,903
Mirae Asset Large & Midcap FundPublic Shareholding1.2%59,98,954
Axis Mutual Fund Trustee Limited A/c Axis Mutual Fund A/c Axis Midcap FundPublic Shareholding1.2%56,91,966
Motilal Oswal Nifty Midcap 100 EtfPublic Shareholding1.1%54,09,637
Government Of SingaporePublic Shareholding1.1%52,11,921
Hdfc Life Insurance Company LimitedPublic Shareholding1%49,77,104
Jannhavi Investment Pvt. Ltd.Shareholding of Promoter and Promoter Group1%46,86,640
Yusmarg Investment And Trading Pvt.ltd.Shareholding of Promoter and Promoter Group0.4%18,47,000
Rajgad Trading Company Pvt.ltd.Shareholding of Promoter and Promoter Group0.3%13,60,260
Dandakaranya Investment & Trading Pvt LtdShareholding of Promoter and Promoter Group0.2%11,07,350
Kalyani Export & Investment Pvt. LtdShareholding of Promoter and Promoter Group0.2%10,03,240
Kalyani Consultants Private LimitedShareholding of Promoter and Promoter Group0.2%9,36,472
Board of Directors
NameDesignationYear
Baba KalyaniChairman / Executive Director / M D / Promoter2026
Amit B. KalyaniVice Chairman / Executive Director / Joint MD2026
B P KalyaniExecutive Director2026
S E TandaleExecutive Director2026
Ashish Bharat RamNon-Exec & Non-Independent Dir2026
K B S AnandIndependent Non Exe. Director2026
Dipak ManeIndependent Non Exe. Director2026
Anand Swarup PathakIndependent Non Exe. Director2026
Sonia SinghIndependent Non Exe. Director2026
Rashmi JoshiIndependent Non Exe. Director2026
Tejaswini ChaudhariCompany Sec. & Compli. Officer2026
Segments — Geography
RegionRevenueShare
Within India₹4,384 Cr52.2%
Outside India₹4,011 Cr47.8%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹21959696
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-10Board Meetings—
dividend2026-07-03₹6.5 (325.0%)Final
dividend2026-07-03₹6.5 (325%)Final
dividend2026-02-18₹2 (100%)Interim
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202615,840031433,10719,093
202612,014036270812,787
202622400812,0902,395
Insider / Designated-Person Trades

3 recent disclosure(s)

KSL Holdings Private LimitedPledge · —
Sundaram Trading & Investment Pvt. LtdPledge · 75,00,000
Sundaram Trading & Investment Pvt. LtdPledge · 75,00,000
Company Information
Incorporated1961
ChairmanBaba Kalyani
AuditorB S R & Co LLP
Investor Email[email protected]
🌐 www.bharatforge.com ↗

📍 Mundhwa, Pune Cantonment, Pune, Maharashtra, 411036

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