NSE: BHARATFORG | BSE: 500493

Mid-range Performer

Download real time

1204.00 -13.00 (-1.07%)

32.02% Fall from 52W High

1.1M NSE+BSE Volume

NSE 25 Jul, 2025 3:31 PM (IST)

57,561.9

Market Cap

Market Leader

1.4

Beta 1Year

Very High Volatility

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.

14 Feb 2019

1204.00

-1.07%

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. is trading below its 30 day SMA of 1264.7

Bharat Forge Ltd.

28 Dec 2018

1204.00

-1.07%

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. is trading above its 150 day SMA of 1189.3

Bharat Forge Ltd.

10 Nov 2018

1204.00

-1.07%

Bharat Forge: Growth outlook remain intact Retain HOLD

Hold: Bharat Forge Ltd.

Recommendation Target

Karvy

Growth outlook remain intact Retain HOLD: BFL's Q2FY19 results were mixed bag. The Company is currently witnessing improved business outlook in India and in the international market.

Bharat Forge Ltd. is trading below its 30 day SMA of 1264.7

Bharat Forge Ltd.

05 Nov 2018

1204.00

-1.07%

Bharat Forge

Buy: Bharat Forge Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Bharat Forge's Q2FY19 revenues came in at | 1,679 crore, up 33.5% YoY, 13.5% QoQ above our estimate of | 1,558 crore. Domestic revenues came in at | 695 crore (up 31.5% YoY, 15.8% QoQ) while export revenues increased 34% YoY, 11.7% QoQ to | 943 crore. Its other operating income grew 59% YoY to | 41 crore Reported EBITDA margins came in at 25.9%, down 350 YoY, 310 bps QoQ, against our estimate of 29.4%. Reported PAT was at | 227.5...

Bharat Forge Ltd. has an average target of 1147.33 from 3 brokers.

Bharat Forge Ltd.

02 Nov 2018

1204.00

-1.07%

Profitability hurt by higher RM, forex MTM; outlook remains strong

Economy Update: Bharat Forge Ltd.

Motilal Oswal

2 November 2018 Revenue grew 34% YoY to INR222.6k). Both Auto and Non-auto segment revenue increased ~30% YoY. at INR4.3b; growth was restricted by higher RM cost (+290bp QoQ due to RM inflation and mix) and forex revaluation (impact of 240bp). EBITDA margin of 25.9%, thus, was below our estimate of 28.8%. PAT of INR2.3b also came in lower than our estimate of INR2.4b due to higher depreciation and tax. 1HFY19 S/A revenue/PAT grew by 28%/22% YoY, implying second-half residual growth of ~28%/18%. (a) Management expects continued broad-based growth in 2HFY19. (b) Expect ~25%/5% growth in US Class 8 truck orders in CY18/19; billing growth expected to be much higher in CY19.

Bharat Forge Ltd. is trading below its 30 day SMA of 1264.7

Bharat Forge Ltd.

01 Sep 2018

1204.00

-1.07%

Bharat Forge Ltd.

Buy: Bharat Forge Ltd.

Ashika Research

Bharat Forge Ltd. is trading above its 150 day SMA of 1189.3

Bharat Forge Ltd.

31 Aug 2018

1204.00

-1.07%

BHARAT FORGE & COMPANY LTD

Buy: Bharat Forge Ltd.

Target

Geojit BNP Paribas

Bharat Forge Ltd. is trading below its 30 day SMA of 1264.7

Bharat Forge Ltd.

24 Aug 2018, 12:00AM

1204.00

-1.07%

Buy Bharat Forge (@ CMP of 647)

Buy: Bharat Forge Ltd.

Edelweiss

BHFC is the flagship company of Kalyani Group, which has significant presence in the...

Bharat Forge Ltd. is trading below its 30 day SMA of 1264.7

Bharat Forge Ltd.

10 Aug 2018

1204.00

-1.07%

Bharat Forge

Buy: Bharat Forge Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Bharat Forge reported its Q1FY19 numbers that were above our estimates. Revenues came in at | 1480 crore, up 23.1% YoY, 0.9% QoQ against our estimate of | 1393 crore. Domestic revenues came in at | 600 crore (up 7.1% YoY, down 3% QoQ) vs. our estimate of | 588 crore. Export revenues increased 25.8% YoY, 3.6% QoQ to | 844 crore against our estimate of | 778 crore The domestic auto business grew ~42.5% YoY to | 359.5 crore but...

Bharat Forge Ltd. has an average target of 1147.33 from 3 brokers.

Bharat Forge Ltd.

10 Aug 2018

1204.00

-1.07%

BPCL, Bharat Forge

Buy: Bharat Forge Ltd.

BOB Capital Markets Ltd.

BPCL's Q1FY19 earnings at Rs 22.9bn (14.2% QoQ) beat estimates on inventory gains of Rs 26.8bn. Core earnings, however, disappointed due to: (a) weak GRMs (ex-inventory gains) at US$ 4.15/bbl (US$ 5.6/bbl QoQ), (b) market share loss in MS/HSD, and (c) lower marketing EBITDA of Rs 1,639/mt (ex-inventory; 26.9% QoQ). Our Mar'19 target price for BPCL reduces to Rs 435 (from Rs 545) as we cut earnings on high interest cost and...

Number of FII/FPI investors decreased from 538 to 530 in Jun 2025 qtr

Is Bharat Forge Ltd. worth buying?

367 Votes:

Buy 77.66%

Sell 13.35%

Hold 8.99%

RESEARCH REPORTS

Neutral SEE REPORTS >

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Hold SEE REPORTS >

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