NSE: BHARATFORG | BSE: 500493

Mid-range Performer

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1135.20 -26.40 (-2.27%)

31.11% Fall from 52W High

765.7K NSE+BSE Volume

NSE 08 Aug, 2025 3:31 PM (IST)

54,272.6

Market Cap

Market Leader

1.3

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.

09 Aug 2018, 12:00AM

1135.20

-2.27%

Bharat Forge: Promising Growth outlook - Retain BUY

Buy: Bharat Forge Ltd.

Karvy

Promising Growth outlook - Retain BUY: During Q1FY19, BFL sales grew by 23.2% YoY to Rs14.7bn (ahead of our estimates of Rs14.1bn) driven by 19.9% volume growth and a 2.7% increase in average realizations.

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

Bharat Forge Ltd.

29 May 2018

1135.20

-2.27%

Bharat Forge

Buy: Bharat Forge Ltd.

Recommendation Target

Geojit BNP Paribas

Bharat Forge Ltd. is trading below all available SMAs

Bharat Forge Ltd.

24 May 2018

1135.20

-2.27%

Bharat Forge

Buy: Bharat Forge Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Bharat Forge reported its Q4FY18 numbers, which were below our estimates. Revenues came in at | 1467 crore, up 30.3% YoY, 5.5% QoQ against our estimate of | 1488 crore. Domestic revenues came in at | 618.6 crore (up 22.7% YoY, 7.2% QoQ), against our estimate of | 606 crore. Export revenues increased 36.4% YoY, 4.3% QoQ to | 814.8 crore against our estimate of | 853 crore Topline growth was driven by growth in both domestic &...

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

Bharat Forge Ltd.

22 May 2018

1135.20

-2.27%

Bharat Forge

Hold: Bharat Forge Ltd.

JM Financial

In 4QFY18, Bharat Forge (BHFC) reported its fourth successive quarter of 30%+ YoY growth in standalone revenue, driven by robust CV sales in India and the US. Domestic business is likely to witness continued momentum going forward, driven by up-swing in CV cycle, while the domestic industrials segment will remain on a healthy footing. Global industrials is also seeing strong traction from oil & gas segments, mining and construction segment. NA Class 8 truck orders remain robust on improving freight demand and CY18 would see healthy production growth. Rising commodity prices led to a 100bps YoY decline in gross margin this quarter. With increase in sale of machined PC parts, the Company is confident about...

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

Bharat Forge Ltd.

13 Mar 2018

1135.20

-2.27%

Bharat Forge

Hold: Bharat Forge Ltd.

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. Q3FY17 standalone revenue grew by 47.4%YoY due to better traction from overseas truck sales and non-auto export business. Export revenue grew by 61.0%YoY and domestic business grew by 32.9%YoY due to better products and geographical mix. EBITDA margin expanded by 230bpsYoY on the back of improved product...

Bharat Forge Ltd. is trading below all available SMAs

Bharat Forge Ltd.

14 Feb 2018

1135.20

-2.27%

Bharat Forge

Buy: Bharat Forge Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Bharat Forge reported its Q3FY18 numbers, which were above our estimates on all fronts. Revenues came in at | 1391 crore, up 47.4% YoY, 10.5% QoQ against our estimate of | 1281 crore. Domestic revenues came in at | 577 crore (up 32.9% YoY, 9.2% QoQ), vs. our estimate of | 539 crore. Export revenues increased 61% YoY, 11% QoQ to | 781 crore against our estimate of | 716 crore Topline growth was driven by growth across segments in both...

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

Bharat Forge Ltd.

13 Nov 2017

1135.20

-2.27%

Result Update:Bharat Forge

Buy: Bharat Forge Ltd.

Axis Direct

Bharat Forge's (BHFC) Q2FY18 revenue growth at 41% YoY (5% QoQ) was in line with our estimate. Exports grew by 56% YoY, as oil & gas and US Class-8 trucks recovered on a low base. Adj. EBITDA margin at 30.3% beat estimates, as operating leverage benefits kicked in.

Bharat Forge Ltd. is trading below all available SMAs

Bharat Forge Ltd.

10 Nov 2017, 12:00AM

1135.20

-2.27%

Bharat Forge

Buy: Bharat Forge Ltd.

ICICI Securities Limited

Bharat Forge reported its Q2FY18 numbers, which are above our estimates on the operational front. Revenues came in at | 1258 crore, up 41.2% YoY/4.6% QoQ against our estimate of | 1294 crore. The domestic revenues came in at | 528.5 crore (up 25.6% YoY/5% QoQ), against our estimate of | 553.5 crore. Export revenues...

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

Bharat Forge Ltd.

08 Nov 2017, 11:32PM

1135.20

-2.27%

Bharat Forge (2QFY18): Valuations play villian. Maintain NEUTRAL

Neutral: Bharat Forge Ltd.

HDFC Securities

We have revised our FY18/19/20E estimates given strong 2Q results. Maintain NEUTRAL with a TP of Rs 673, based on 25x Jun-19E EPS. Bharat Forges (BHFC) 2QFY18 topline performance was in-line with expectations, while margins came in higher, owing to operating efficiencies. While the North American and European truck demand may be on an upswing, management has guided for a stable, if not higher, industrial segment performance.

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

Is Bharat Forge Ltd. worth buying?

369 Votes:

Buy 77.51%

Sell 13.55%

Hold 8.94%

RESEARCH REPORTS

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Hold SEE REPORTS >

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