NSE: BHARATFORG | BSE: 500493

Expensive Performer

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1263.00 17.30 (1.39%)

30.01% Fall from 52W High

1.9M NSE+BSE Volume

NSE 16 May, 2025 3:31 PM (IST)

60,382.6

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.

18 May 2016

1263.00

1.39%

Bharat Forge Q4FY16 18May2016

Buy: Bharat Forge Ltd.

Target

Phillip Capital

8 Revenues declined 17% yoy and missed our and street estimates by 12% mainly as volumesfell8%.NorthAmericarevenuesdeclined42%yoyduetoinventorydestocking ofClass8trucksandpressureintheoil&gasvertical...;.

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

Bharat Forge Ltd.

17 May 2016, 12:00AM

1263.00

1.39%

Be low est; 3rd straight quarter of revenue decline impacted by non-a

Buy: Bharat Forge Ltd.

Motilal Oswal

Tonnage de-grew by 7.5% YoY (+3.3% QoQ) to ~52,413 tons. Realizations declined 11% YoY (-7.2% QoQ) to INR192/Kg impacted by mix and commodity price deflation. Net Sales at INR10.1b (v/s est. INR10.9b) declined 18% YoY....

Bharat Forge Ltd. has gained 13.44% in the last 1 Week

Bharat Forge Ltd.

03 May 2016

1263.00

1.39%

Bharat Forge (Update): Bracing for a challenging year. Maintain BUY

Buy: Bharat Forge Ltd.

Target

HDFC Securities

While the decline in the North American truck market comes as no surprise (though the drop in net order intake is worrying), the bleak CY16 outlook shared by companies operating across BFL?s key industrial verticals in the export markets suggests that demand pressures for BFL will continue in FY17.

Bharat Forge Ltd. is trading above its 150 day SMA of 1230.6

Bharat Forge Ltd.

10 Feb 2016

1263.00

1.39%

Bharat Forge (3QFY16): Greatness vs. adversity. Maintain BUY

Buy: Bharat Forge Ltd.

Target

HDFC Securities

Bharat Forges (BFL) 3QFY16 APAT at Rs 1.79bn (-10% YoY, -3% QoQ) was slightly below street expectations. Net sales missed estimates sharply with 12% YoY decline. However, strong EBITDA margins at 31.4% ( 80/30bps YoY/QoQ) partially offset the impact at the operating level. During the quarter, volumes declined 5% YoY because of broad-based weakness in the industrial segment demand and weak export sales in the automotive segment.

Bharat Forge Ltd. is trading below its 200 day SMA of 1320.0

Bharat Forge Ltd.

10 Feb 2016

1263.00

1.39%

Bharat Forg 10Feb2016

Buy: Bharat Forge Ltd.

Phillip Capital

Key highlights: A weak quarter as pressures from nonauto segment and US class8 truck marketcontinued.Weexpectgrowthtoremainunderpressureintheneartermduetothe weak outlook on oil & gas, construction, mining, and US CV segment. A pick up in FY17...

Bharat Forge Ltd. is trading below its 200 day SMA of 1320.0

Bharat Forge Ltd.

10 Dec 2015

1263.00

1.39%

Bharat Forge: Management Update: Increasing Challenges over Near Term; CMP Facto... (Dec 10, 2015)

Buy: Bharat Forge Ltd.

Karvy

We attended Bharat Forge Limited's (BFL) analyst meet and came out with mixed view on company's business. Management organized meeting to discuss company's future business strategy and clarify various ongoing issues. We find increasing level of business challenges for BFL over near term, as company has been facing slowdown from US energy sector since past 2-3 quarters, moreover recently it started facing slowdown in HCV segment in North America.

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

Bharat Forge Ltd.

09 Dec 2015

1263.00

1.39%

Bharat Forge (Update): Cyclical headwinds persist but structural story intact. Maintain BUY

Buy: Bharat Forge Ltd.

HDFC Securities

At Bharat Forges (BFL) analyst meet, the management highlighted the large opportunities in segments such as defence, railways, aerospace and PV. While acknowledging the near-term cyclical headwinds (expect flat topline growth in FY16), especially in the US CV market, along with weakness in O&G; and construction and mining segments, BFL remains hopeful of doubling its FY14 standalone revenues to Rs 70bn by FY18.

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

Bharat Forge Ltd.

09 Dec 2015

1263.00

1.39%

Bharat Forge 9Dec2015

Buy: Bharat Forge Ltd.

Phillip Capital

North American (NA) class8 orders consistently declining with rising inventory (up 30% yoy,nearalltimehighs).Barringtheseheadwinds,BHFCremainsstructurallystrong.Any major correction provides a good entry point BHFC offers a strong franchise with...

Bharat Forge Ltd. is trading below its 200 day SMA of 1320.0

Bharat Forge Ltd.

30 Oct 2015

1263.00

1.39%

Bharat Forge (2QFY16): Tepid quarter, but will continue to forge ahead. Maintain BUY

Buy: Bharat Forge Ltd.

Target

HDFC Securities

Bharat Forges (BFL) 2QFY16 APAT at Rs 1.85bn ( 1% YoY, -9% QoQ) missed consensus estimates on muted topline performance and lower-than-expected operating margins. Topline at Rs 11.2bn (-2% YoY, -1% QoQ) was hit by the sharp decline in industrial segment sales (-19% YoY). Pass-through of lower commodity prices (reflected in 6% QOQ drop in net ASP) with 1Q lag primarily drove down adjusted EBITDA margin by 170bps QoQ to 30.1%.

Bharat Forge Ltd. has gained 17.70% in the last 1 Month

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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