Bharat Forge Ltd (BFL) is a leading player in the forgings industry. The company is serving several sectors including automobile, power, oil and gas, rail & marine, aerospace, construction, mining, etc. Q3FY20 revenue de-grew by -25%YoY due to sharp decline witnessed in both the Auto and Industrial business across geographies.. EBITDA margin contracted by 660bps due to increase in input cost , and lower utilization resulted in higher fixed cost. BFL's new value-added order received on aluminum forging is on track...