NSE: BHARATFORG | BSE: 500493

Expensive Performer

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1134.00 16.90 (1.51%)

37.16% Fall from 52W High

2.2M NSE+BSE Volume

NSE 29 Apr, 2025 3:31 PM (IST)

54,215.2

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.

23 Nov 2021

1134.00

1.51%

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 & defence, construction, mining, etc. Q2FY22 revenue came at Rs.2,386cr.(+13.2% QoQ). This was largely on account of strong domestic growth of 40% QoQ. Export growth came lower at 4.9% due to chip shortage. Despite the input and logistics cost pressure, EBITDA margin came at healthy 21.4% similar to previous quarter....

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

Bharat Forge Ltd.

15 Nov 2021

1134.00

1.51%

Q2FY22 Result Update - Strong revenue visibility going ahead - BUY

Buy: Bharat Forge Ltd.

Recommendation Target

Prabhudas Lilladhar

Expect domestic industrial revenue to double over next 3 years. and increase our FY23/24 estimates by ~5/6% to factor in strong revenue estimates with PAT growth of 37% QoQ. This was led by improved...

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

Bharat Forge Ltd.

14 Nov 2021

1134.00

1.51%

Bharat Forge

Buy: Bharat Forge Ltd.

Target

ICICI Securities Limited

About the stock: Bharat Forge (BFL) is India's leading auto component exporter with strong engineering, technological competencies in forging and metallurgy. With total capacity of 6.83 lakh MT per annum, its products find application in domestic,...

Bharat Forge Ltd. has an average target of 1274.00 from 3 brokers.

Bharat Forge Ltd.

13 Nov 2021

1134.00

1.51%

Strong beat led by Auto exports and non-Auto business

Buy: Bharat Forge Ltd.

Motilal Oswal

cyclical recovery, BHFC's initiatives to diversify into aluminum/lightweighting and EV components are starting to fructify. We raise our FY22E/FY23E consolidated EPS by 5%/2.5% to account for a strong recovery in non-Auto. We are yet to build in a strong turnaround...

Bharat Forge Ltd. has an average target of 1274.00 from 3 brokers.

Bharat Forge Ltd.

30 Aug 2021

1134.00

1.51%

BHARAT FORGE & COMPANY LTD

Buy: Bharat Forge Ltd.

Target

Geojit BNP Paribas

Bharat Forge Ltd. has an average target of 1274.00 from 3 brokers.

Bharat Forge Ltd.

07 Jun 2021

1134.00

1.51%

Bharat Forge

Buy: Bharat Forge Ltd.

Recommendation Target

ICICI Securities Limited

BFL said: (i) cost pressure exists on raw material and freight costs (up 3-4x in the recent past), (ii) BFL has recently won an order from Government of India in the defence domain (non-automotive) wherein BFL will start supplying components in a month's timeframe (quantum not disclosed); (iii) BFL will be acquiring land to the tune of ~70 hectares at Khed (Maharashtra, near Pune) at an outlay of ~| 240 crore (over the next two to three years) wherein they intend to construct two new plants in the domain of e-mobility and defence. (iv) BFL will be targeting an RoCE of ~20%; (v) US-class 8 truck...

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

Bharat Forge Ltd.

07 Jun 2021

1134.00

1.51%

Q4FY21 Result Update - Valuations overshadow positive demand outlook - HOLD

Hold: Bharat Forge Ltd.

Target

Prabhudas Lilladhar

BHFC's 4QFY21 result beat estimates on all fronts as Revenue/EBITDA/Adj. PAT came higher by 10%/23%/43% over PLe. This was led by i) 39% YoY growth in tonnage (due to strong traction in auto demand for both domestic/exports), ii) 7% YoY growth in realizations (better mix and RM inflation price through) and iii) cost control. Outlook for auto segment...

Bharat Forge Ltd. is trading below its 100 day SMA of 1172.9

Bharat Forge Ltd.

07 Jun 2021

1134.00

1.51%

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 & defence, construction, mining, etc. Q4FY21 has witnessed a standalone revenue growth of 26.2%QoQ on the back of 43% growth in exports (US truck sales and Oil & Gas) and 9.6% growth in domestic revenues. Despite cost inflationary pressure, margin expanded by 680bps from Q3FY21, owing to superior product mix and cost control initiatives....

Bharat Forge Ltd. is trading above its 50 day SMA of 1086.8

Bharat Forge Ltd.

05 Jun 2021

1134.00

1.51%

Sharp recovery seen in all businesses; upgrade EPS

Buy: Bharat Forge Ltd.

Target

Motilal Oswal

Greenfield capex with focus on the Defense and e-Mobility space Strong performance by BHFC in 4QFY21 was driven by a strong recovery in the Auto export business and resultant benefits of operating leverage. While all core businesses are expected to witness a sharp cyclical recovery, BHFC's huge plans in Defense and e-Mobility is starting to fructify with the setting up of a greenfield plant focusing on these areas. We raise our consolidated EPS by 17%/18% for FY22E/FY23E, driven by...

Bharat Forge Ltd. is trading above its 50 day SMA of 1086.8

Bharat Forge Ltd.

03 Mar 2021

1134.00

1.51%

Bharat Forge (Initiating Coverage): Constant evolution. BUY

Bharat Forge Ltd.

HDFC Securities

Initiate with a BUY: We set a target price of INR 720 at 32x FY23E EPS as we expect earnings growth to recover over FY22-23E. We value the stock at its average historic long-term P/E multiple to factor in (1) the pick-up in the business cycle and (2) emerging opportunities across defence and the PV segments. Key risks: a sharp increase in commodity input prices and delayed orders in defence; steel price increase could lead to margin volatility in the near term. We initiate on Bharat Forge with a BUY rating as the company is expected to benefit from its wide-ranging capabilities and near-term cyclical pick-up in CV sales. The company is diversifying its mix by increasing focus on passenger car components as well as increasing capacities in aluminium forgings (for light-weighting). To acquire new skills, it is actively investing in startups and JVs across electric vehicles/defence segments. We believe that the initiatives in the defence segment are likely to materialise (after several years) as Indias defence-based capital expenditure has risen by ~20% in FY21 and the government is aggressively pushing for localisation.

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

Is Bharat Forge Ltd. worth buying?

355 Votes:

Buy 77.18%

Sell 13.52%

Hold 9.3%

RESEARCH REPORTS

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Hold SEE REPORTS >

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