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. Q4FY20 revenue de-grew by 35%YoY due to sharp decline witnessed in both the Auto and Industrial business across geographies.. Weak product mix lockdown and negative operating leverage dragged the EBITDA margin down to 8.5%(-75%YoY). Though the subdued commentary across OEM especially both the...