Logo
Whalesbook
HomeStocksNewsPremiumAbout UsContact Us

சீனாவின் அரிய பூமி (Rare Earth) ஆதிக்கம் அச்சுறுத்தலில் உள்ளதா? இந்தியாவின் பிரம்மாண்ட ₹7,300 கோடி திட்டம் - சொந்த காந்தத் தொழிலை உருவாக்கும்!

Industrial Goods/Services

|

Published on 22nd November 2025, 12:35 AM

Whalesbook Logo

Author

Simar Singh | Whalesbook News Team

Overview

இந்தியா உள்நாட்டு அரிய பூமி காந்தத் தொழிலை (rare earth magnet industry) உருவாக்க ₹7,300 கோடி உற்பத்தி-இணைக்கப்பட்ட ஊக்கத்தொகை (PLI) திட்டத்தை தொடங்குகிறது. நிதி அமைச்சகத்தின் செலவின நிதிக்குழுவால் (Expenditure Finance Committee) அங்கீகரிக்கப்பட்ட இந்த முயற்சி, தற்போது EVs, பாதுகாப்பு மற்றும் புதுப்பிக்கத்தக்க ஆற்றல் (renewables) துறைகளில் பயன்படுத்தப்படும் இந்த முக்கிய கூறுகளின் (critical components) உலகளாவிய விநியோகச் சங்கிலிகளில் (global supply chains) ஆதிக்கம் செலுத்தும் சீனாவைச் சார்ந்திருப்பதைக் குறைப்பதை நோக்கமாகக் கொண்டுள்ளது. அமைச்சரவை ஒப்புதலுக்குத் தயாராக உள்ள இந்தத் திட்டம், உற்பத்தியாளர்களுக்குத் திறனை வளர்க்கவும், இந்தியாவின் விநியோகச் சங்கிலிகளின் அபாயத்தைக் குறைக்கவும் ஊக்கத்தொகைகளை (incentives) வழங்கும்.

Bharat Forge Ltd

₹ 1,410-1.76%
21 Nov – close price
🔗bharatforge.com•BSE: 500493•NSE: BHARATFORG
Market Cap₹ 67,444 Cr.
Current Price₹ 1,410
High / Low₹ 1,461
Stock P/E49.6
Book Value₹ 231
Dividend Yield0.60 %
ROCE14.6 %
ROE13.7 %
Face Value₹ 2.00
Sales₹ 8,311 Cr.
OPM28.3 %
Mar Cap₹ 67,444 Cr.

ABOUT

Bharat Forge is engaged in the manufacturing and selling of forged and machined Compoundant for auto and industry sector.(Source : 201903 Annual Report Page No: 123)

KEY POINTS

Part of Kalyani GroupThe company belongs to the Kalyani Group which has an annual turnover of more thanUSD 3 Billion. Apart from the forging Industry, the group has a presence in engineering steel, automotive, industrial, renewable energy, urban infrastructure, and specialty chemicals and maintains a leading position in various business segments.[1]

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Samvardh. Mothe.109.8034.59115836.070.52845.63-3.2530172.978.4913.66117367.728.863348.88851.183.124.600.53
2.Bosch36500.0047.36107590.811.40554.2010.824794.809.1121.1118959.7013.112271.53554.207.6810.700.01
3.Uno Minda1281.4067.9374273.600.18322.7927.144814.0313.4118.8318015.4311.541093.46303.9911.879.360.46
4.Bharat Forge1410.2049.5567443.550.60309.94-10.261946.86-13.3414.628310.5428.271361.15315.506.108.240.33
5.Schaeffler India3970.3055.5562078.680.71306.6524.082360.1413.8625.678834.5718.981117.62306.6511.2714.850.01
6.Tube Investments2884.4089.1355862.170.12302.05-9.735522.6412.1521.8020793.889.22626.78186.667.427.330.09
7.Endurance Tech.2708.4043.6238107.510.37227.2711.973582.8223.0117.2612724.3613.48873.65227.276.099.210.20
–Median: 126 Co.438.2531.321193.690.3712.029.57213.1511.1114.51825.6812.0138.4810.753.096.40.39

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
1,8641,9521,9972,1272,2492,2632,3292,3382,2472,0962,1632,1051,947
Expenses
1,4111,4171,5091,5791,6431,6001,6691,6871,6211,4861,5461,5331,396
Operating Profit
453535488549607663659651625610617572551
Other Income
4742-247403525-1014830284239
Profit before tax
358384315417462504513371502473473449430
Tax %
25%25%22%25%25%25%24%27%28%27%27%25%28%
Net Profit
268289245312346378390269361346346339310
EPS in Rs
5.766.215.256.697.438.118.375.797.767.247.237.086.48

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
3,3994,5484,3343,8655,3166,5204,5643,6526,2557,5738,9698,8448,311
Expenses
2,5353,2183,0172,7903,7794,6143,5482,9244,5395,6626,4916,3405,961
Operating Profit
8641,3301,3171,0741,5371,9061,0167281,7161,9112,4782,5042,349
Other Income
12689108136-15166671311991101475139
Interest
15011291738510214578107213287250217
Depreciation
245251308295307347345366412426442440446
Profit before tax
5961,0571,0268421,1311,6235934151,3961,3831,8951,8191,825
Net Profit
4007196985857071,0714743121,0781,0451,4251,3221,340
EPS in Rs
8.5915.4414.9812.5715.1923.0110.176.7023.1522.4530.6127.6628.03
Dividend Payout %
26%24%25%30%30%22%34%30%30%31%29%31%–

Compounded Sales Growth

10 Years:7%
5 Years:14%
3 Years:12%
TTM:-9%

Compounded Profit Growth

10 Years:6%
5 Years:21%
3 Years:12%
TTM:-9%

Stock Price CAGR

10 Years:12%
5 Years:23%
3 Years:19%
1 Year:7%

Return on Equity

10 Years:14%
5 Years:13%
3 Years:15%
Last Year:14%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
47474747939393939393939696
Reserves
2,6473,4493,5354,1854,5215,3055,2625,8567,0177,6078,47610,86910,964
Borrowings
1,9941,7972,6692,4222,5103,1893,2753,8144,1244,7824,7564,2963,618
Other Liabilities
1,0111,0839291,0231,2421,3521,0871,3521,6071,7121,8632,0002,263
Total Liabilities
5,6986,3767,1797,6778,3669,9399,71711,11512,84114,19415,18817,26016,940
Fixed Assets
2,0251,9562,2772,3742,5282,6342,8083,4593,3013,2383,1573,1293,070
Gross Block
3,877.474,104.634,860.905,215.613,436.973,880.544,391.025,249.615,398.365,740.816,093.506,475.95–
Accumulated Depreciation
1,852.042,148.542,583.962,842.00909.061,246.371,582.961,790.312,096.952,502.822,936.813,346.61–
CWIP
131208322374302713895270248303376838814
Investments
1,3411,1041,4211,7722,0612,1922,3533,5693,9004,2794,4656,0456,663
Other Assets
2,2013,1083,1593,1573,4754,4003,6623,8165,3926,3747,1907,2486,393
Total Assets
5,6986,3767,1797,6778,3669,9399,71711,11512,84114,19415,18817,26016,940

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
7659031,3068929417971,3778142757882,0921,701
Cash from Investing Activity
-425-138-651-579-697-1,002-729-1,130-248-596-807-2,841
Cash from Financing Activity
-397-524-677-372-367299-62036875-172-641457
Net Cash Flow
-57241-22-59-12293285210220644-682

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
5645120130123126132158145156147158
Inventory Days
13511390118104114158226159140127156
Days Payable
149132106128133122128207138135123141
Cash Conversion Cycle
422610412094119163177165162151173
Working Capital Days
49963810223815-717263032
ROCE %
16%23%19%14%19%22%9%5%13%13%17%15%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
45.26%45.26%45.26%45.26%45.26%45.26%45.26%45.26%44.07%44.07%44.07%44.07%
FIIs
17.88%16.17%15.79%16.28%16.60%16.48%17.04%18.72%17.87%16.08%14.37%13.62%
DIIs
26.09%27.70%28.61%27.95%27.74%28.06%27.96%26.32%28.35%30.20%31.26%32.11%
Public
10.60%10.70%10.17%10.35%10.22%10.04%9.58%9.55%9.55%9.49%10.15%10.05%

* The classifications might have changed from Sep'2022 onwards.ℹ️

Documents

Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

14 Nov - Nov 11 transcript: Q2 standalone revenue INR1,947cr, consol H1 revenue INR7,941cr; new orders INR1,582cr; cash INR2,300cr.

Announcement under Regulation 30 (LODR)-Newspaper Publication

12 Nov - Bharat Forge Limited has intimated the Stock Exchange about the Newspaper Publication

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

11 Nov - Audio recording of Nov 11, 2025 analyst/investor call on Q2/H1 unaudited results uploaded.

Announcement under Regulation 30 (LODR)-Monitoring Agency Report

11 Nov - ICRA monitoring report for Q2 FY2026: QIP INR1,650cr; net proceeds INR1,621.87cr; proceeds utilized as disclosed.

Announcement under Regulation 30 (LODR)-Press Release / Media Release

11 Nov - KSSL awarded MoD contracts >Rs.2,500 Mn on 10 Nov 2025; delivery by Nov 2026.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2012

(from nse)

Credit Ratings

Rating update

12 Mar from icra

Rating update

20 Dec 2024 from care

Rating update

22 Dec 2023 from care

Rating update

18 Dec 2023 from icra

Rating update

10 Apr 2023 from icra

Rating update

23 Dec 2022 from care

Concalls

Nov 2025

TranscriptPPTRecording

Aug 2025

TranscriptPPTRecording

May 2025

TranscriptPPTRecording

Feb 2025

TranscriptPPT

Nov 2024

TranscriptPPT

Aug 2024

TranscriptPPTRecording

May 2024

TranscriptPPT

Feb 2024

TranscriptPPT

Nov 2023

TranscriptPPT

Sep 2023

TranscriptPPT

Jun 2023

PPT

May 2023

PPT

May 2023

TranscriptPPT

Feb 2023

Transcript

Nov 2022

Transcript

Aug 2022

Transcript

May 2022

Transcript

Mar 2022

Transcript

Feb 2022

Transcript

Nov 2021

Transcript

Aug 2021

Transcript

Jun 2021

Transcript

Feb 2021

Transcript

Feb 2021

Transcript

Dec 2020

Transcript

Nov 2020

Transcript

Sep 2020

Transcript

Aug 2020

Transcript

Jul 2020

Transcript

Apr 2020

Transcript

Feb 2020

Transcript

Nov 2019

Transcript

Nov 2019

TranscriptPPT

Oct 2019

PPT

Aug 2019

TranscriptPPT

Aug 2019

Transcript

May 2019

Transcript

Mar 2019

Transcript

Feb 2019

TranscriptPPT

Nov 2018

Transcript

Nov 2018

Transcript

Aug 2018

TranscriptPPT

Jun 2018

Transcript

May 2018

Transcript

Mar 2018

Transcript

Feb 2018

TranscriptPPT

Feb 2018

Transcript

Nov 2017

PPT

Aug 2017

TranscriptPPT

Aug 2017

Transcript

May 2017

Transcript

Feb 2017

Transcript

Aug 2016

Transcript

May 2016

Transcript

Dec 2015

PPT

Oct 2015

Transcript

Jul 2015

Transcript