NSE: BHARATFORG | BSE: 500493

Expensive Performer

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1141.00 53.70 (4.94%)

36.77% Fall from 52W High

1.6M NSE+BSE Volume

NSE 07 May, 2025 2:53 PM (IST)

54,549.9

Market Cap

Market Leader

1.5

Beta 1Year

Very High Volatility

Board Meeting

The next board meeting for Bharat Forge Ltd. is on 08 May 2025 for the purpose of Audited Results & Final Dividend See details

Bharat Forge Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for BHARATFORG, BSE:500493 Bharat Forge Ltd.

Bharat Forge Ltd.

24 May 2019

1141.00

4.94%

BHARAT FORGE & COMPANY LTD

Buy: Bharat Forge Ltd.

Recommendation Target

Geojit BNP Paribas

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. Q4FY19 revenue grew by 14%YoY due to superior product mix. Despite weak auto outlook across India & Globally, International trucks & cars grew by strong 14% & 35% respectively due to order backlog. Both Export & Domestic revenue grew by 18%/6%YoY, largely led by 31%YoY contribution from industrial business, in which Defence, Agri...

Bharat Forge Ltd.'s price crossed above 50Day SMA today

Bharat Forge Ltd.

24 May 2019

1141.00

4.94%

Bharat Forge: Steady Business Outlook Maintain BUY

Buy: Bharat Forge Ltd.

Target

Karvy

Steady Business Outlook Maintain BUY: During FY19, Bharat Forge Ltd (BFL) reported 22.6% sales growth to Rs65.2bn and 27.5% PAT growth to Rs10.7bn. The company reported 9.9% volume growth during FY19.

Number of FII/FPI investors decreased from 604 to 538 in Mar 2025 qtr

Bharat Forge Ltd.

22 May 2019

1141.00

4.94%

Bharat Forge

Buy: Bharat Forge Ltd.

ICICI Securities Limited

Increasing kit value, newer products & verticals to support! BFL is an important player in the CV ancillary space, providing forging components to both domestic and global OEMs. The CV segment accounted for ~41% of BFL's total FY19 revenues. Acknowledging its reliance on the CV space, BFL has consciously attempted to (i) infuse a greater degree of diversification in its offerings and (ii) to augment kit value i.e. content per vehicle. The industrial segment (defence & aerospace, agri, infra, railway and oil & gas) constituted ~40% of FY19 revenues. It continues to perform well...

Number of FII/FPI investors decreased from 604 to 538 in Mar 2025 qtr

Bharat Forge Ltd.

21 May 2019

1141.00

4.94%

First Light: Weekly Eco Wrap, Bharat Forge, Balkrishna Industries

Sell: Bharat Forge Ltd.

Target

BOB Capital Markets Ltd.

Exit poll results predict an easy win for the ruling BJP party. Poll of polls predicts NDA will win 315 seats out of 542 seats and UPA alliance is expected to win 111. As a result, domestic markets opened higher today with 10Y yield lower by 6bps, INR up by 1.1% and Sensex gaining over 2%. Notably, the error rate in final results and exit polls can be 15-20%. A clear majority, counting on 23 May) will ensure India's outperformance when global markets are facing significant headwinds in the form of subdued growth and US-China trade war....

Bharat Forge Ltd. is trading above its 50 day SMA of 1087.7

Bharat Forge Ltd.

20 May 2019

1141.00

4.94%

n-line operating performance; Headwinds emerging in key businesses

Buy: Bharat Forge Ltd.

Motilal Oswal

Key highlights from earnings call: (a) In FY19, BHFC won new orders worth USD50m of this, 60-70% was from the non-CV segment. (b) US Class 8 volumes expected at 330k in CY19 (+5% YoY). (c) Sees headwinds in CVs (domestic), PVs (global) and Oil &Gas; (O&G;) in 1QFY20, but expect recovery from 2QFY20. (d) Capex for FY20 at INR4-5b (FY19 at ~INR8.6b); expect capex intensity to decline significantly post FY20. Valuation view: We have lowered our FY20/21 consol. EPS by ~10%/2% to factor in headwinds in key businesses. BHFC has delivered strong operating...

Number of FII/FPI investors decreased from 604 to 538 in Mar 2025 qtr

Bharat Forge Ltd.

19 Feb 2019

1141.00

4.94%

BHARAT FORGE & COMPANY LTD

Hold: Bharat Forge Ltd.

Recommendation Target

Geojit BNP Paribas

BFL's new value added order received on aluminum forging is on track from the new AP plant. Further implementation of BS-6 emission norms will witness an increase in content per vehicle for domestic trucks and cars. Despite higher RM price BFL has maintained its EBITDA margin...

Bharat Forge Ltd. has lost -22.44% in the last 6 Months

Bharat Forge Ltd.

15 Feb 2019

1141.00

4.94%

Bharat Forge

Buy: Bharat Forge Ltd.

Target

ICICI Securities Limited

Bharat Forge (BFL) reported a healthy Q3FY19 performance. The real surprise was beat on EBITDA margins, which came in at 31.1% Revenues for the quarter came in at | 1,693 crore, up 21.7% YoY. Domestic revenues came in at | 674 crore (up 16.8% YoY) while export revenues were at | 976 crore, up 25% YoY Revenue from the CV & PV segment (auto segment) grew 13% YoY to | 691 crore & 2.2% YoY to | 153 crore. Revenue from industrial segment grew 34% YoY to | 732 crore...

Bharat Forge Ltd. is trading below its 100 day SMA of 1162.5

Bharat Forge Ltd.

14 Feb 2019

1141.00

4.94%

Bharat Forge, Balrampur Chini

Sell: Bharat Forge Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Bharat Forge (BHFC) reported standalone revenues of Rs 16.9bn (+22% YoY) in Q3FY19, led by a muted 3% rise in tonnage volumes and above-expected realisations (+18%). EBITDA/adj. PAT grew 17%/24% YoY to Rs 4.9bn/Rs 2.8bn. In our view, the buoyant growth phase in CVs is ebbing in India and the US, with a bleak demand environment in Europe as well we thus pare FY19FY21E earnings by 11-16% and lower our target P/E from 25x to 17x. On...

Bharat Forge Ltd. has lost -22.44% in the last 6 Months

Bharat Forge Ltd.

14 Feb 2019

1141.00

4.94%

Bharat Forge: Results Ahead of Estimates Maintain BUY

Buy: Bharat Forge Ltd.

Recommendation Target

Karvy

Results Ahead of Estimates Maintain BUY: BFL's Q3FY19 PAT was above our estimates supported by robust operational performance on volume growth and average realization front.

Bharat Forge Ltd. has lost -22.44% in the last 6 Months

Bharat Forge Ltd.

28 Dec 2018

1141.00

4.94%

BHARAT FORGE & COMPANY LTD

Buy: Bharat Forge Ltd.

Target

Geojit BNP Paribas

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. BFL's new valued added order's received on aluminum forging is on track from the new AP plant. Further implementation of BS-6 emission norms will witness an increase in content for domestic trucks and cars. Q2FY19 standalone revenue grew by 34%YoY due to 19%YoY growth in the tonnage volume and superior product mix....

Bharat Forge Ltd.'s price crossed above 30Day SMA today

Is Bharat Forge Ltd. worth buying?

356 Votes:

Buy 77.25%

Sell 13.48%

Hold 9.27%

RESEARCH REPORTS

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Hold SEE REPORTS >

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