NSE: BHARATFORG | BSE: 500493

Expensive Performer

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1246.20 42.30 (3.51%)

30.94% Fall from 52W High

3.2M NSE+BSE Volume

NSE 14 May, 2025 3:54 PM (IST)

59,579.4

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.

09 Nov 2016

1246.20

3.51%

Bharat Forge (2QFY17): Bottom in sight?. Maintain BUY

Buy: Bharat Forge Ltd.

Target

HDFC Securities

Bharat Forges (BFL) 2QFY17 APAT at Rs 1.3bn (-28% YoY, -3% QoQ) came almost in line. Net sales at Rs 8.9bn (-20% YoY) were marginally lower than estimates owing to lower-than-expected tonnage (-15% YoY). EBITDA margins saw 130bps QoQ expansion on efficient cost control and improved productivity. Industrial demand continued to sag.

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

Bharat Forge Ltd.

09 Nov 2016

1246.20

3.51%

Bharat Forge

Hold: Bharat Forge Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Bharat Forge reported its Q2FY17 numbers, which were above our estimates. Net revenues came in at | 891 crore, down 21% YoY, 1.5% QoQ vs. our estimate of | 863 crore. Domestic revenues declined 12.5% QoQ to | 421 crore as it was impacted by the sequential decline in M&HCV; demand. Export revenues grew 10.7% YoY to | 452 crore, driven by continued ramp up in PV business & initial signs of recovery in industry segment. The beat on the revenue...

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

Bharat Forge Ltd.

09 Nov 2016

1246.20

3.51%

Bharat Forge: Q2FY17 Result Review: Poor Visibility on Long Term Growth Story P... (Nov 09, 2016)

Sell: Bharat Forge Ltd.

Karvy

Bharat Forge Limited (BFL) delivered disappointing performance in Q2FY17 with double digit YoY decline in profitability. In Q2FY17, its Revenue/EBIDTA/adj PAT declined by 20.7%/22.7%/26.3% YoY, but rose -1.5%/1.3%/4% QoQ to Rs 8.91bn/ 2.5bn/ 1.27bn as against our estimate of Rs 9.70bn/ 2.7bn / 1.4bn. Companys volume declined 15.3% YoY, while its average pricing contracted by 6.4% YoY due to inferior product mix and poor geographical mix.

Bharat Forge Ltd. has gained 24.35% in the last 1 Month

Bharat Forge Ltd.

08 Aug 2016

1246.20

3.51%

Bharat Forge (1QFY17): Recovery underway. Maintain BUY

Buy: Bharat Forge Ltd.

Target

HDFC Securities

Bharat Forge’s (BFL) 1QFY17 APAT at Rs 1.3bn (-48% YoY, -20% QoQ) was well below expectations. Net sales at Rs 9.6bn (-19% YoY) were a miss on account of sharper-than-expected decline in exports (-37% YoY). EBITDA margins saw 370bps QoQ drop on higher other expenses (+600bps QoQ), partially offset by gross margins benefiting from lower RM prices. Industrial demand continued to sag. HDFC Securities Maintain BUY with a revised TP of Rs 906 based on 25x FY18E EPS.

Bharat Forge Ltd. has gained 14.61% in the last 1 Week

Bharat Forge Ltd.

08 Aug 2016

1246.20

3.51%

Bharat Forge

Hold: Bharat Forge Ltd.

ICICI Securities Limited

Bharat Forge reported its Q1FY17 numbers, which were below our estimates. Net revenues came in at | 904 crore (our estimate | 1,032 crore), down 21% YoY, as the 11% growth in gross domestic revenues was offset by 40% de-growth in export revenues, mainly affected by declining US heavy truck market (> 50% of America’s revenues) & commodity related sectors in the industrial segment..

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

Bharat Forge Ltd.

06 Aug 2016

1246.20

3.51%

Bharat Forge Q1FY17 6Aug2016

Neutral: Bharat Forge Ltd.

Recommendation

Phillip Capital

pick up. We tweak our estimates to incorporate weakerthanestimated Q1 and higher depreciation. While the stock has seen positive interest from investors, since it is already tradingat23xourFY18EPS,wewouldwaitforinitialsignsofrecoverytoturnbullishonthe...

Bharat Forge Ltd. has gained 24.35% in the last 1 Month

Bharat Forge Ltd.

05 Aug 2016

1246.20

3.51%

Bharat Forge: Below estimates; Revenues continue to decline as export

Buy: Bharat Forge Ltd.

Motilal Oswal

Tonnage de-grew for the third consecutive quarter by 5.6% YoY (-6.3% QoQ) to ~49,098 tons. Realizations too were down 16% YoY (-4.2% QoQ) to INR184/Kg, affected by an adverse product mix and commodity deflation. Net revenues of INR9b (v/s est. of INR10b) were down 21% YoY (-17% QoQ), marking the fourth consecutive quarter of revenue decline. Export revenues declined ~40% YoY (impacted by increasing weakness in US CVs and commodity segments), whereas domestic revenues increased 11% YoY (driven by CVs and non-autos). Non-auto revenues declined ~32% YoY (exports...

Motilal Oswal decreased Neutral price target of Bharat Forge Ltd. to 1090.0 on 08 May, 2025.

Bharat Forge Ltd.

18 May 2016

1246.20

3.51%

Bharat Forge

Hold: Bharat Forge Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Bharat Forge reported its Q4FY16 numbers, which were below our estimates. Net revenues came in at | 1,008 crore (our estimate:...

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

Is Bharat Forge Ltd. worth buying?

357 Votes:

Buy 77.31%

Sell 13.45%

Hold 9.24%

RESEARCH REPORTS

Neutral SEE REPORTS >

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Hold SEE REPORTS >

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