NSE: BHARATFORG | BSE: 500493

Expensive Performer

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1108.90 4.70 (0.43%)

38.55% Fall from 52W High

665.3K NSE+BSE Volume

NSE 02 May, 2025 2:54 PM (IST)

53,015.2

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.

25 Feb 2021

1108.90

0.43%

BHARAT FORGE & COMPANY LTD

Buy: Bharat Forge Ltd.

Geojit BNP Paribas

Bharat Forge Ltd. is trading above its 50 day SMA of 1086.6

Bharat Forge Ltd.

14 Feb 2021

1108.90

0.43%

Q3FY21 Result Update - Auto shines while non-auto export struggles - HOLD

Hold: Bharat Forge Ltd.

Target

Prabhudas Lilladhar

BHFC's 3QFY21 performance was weak as realizations declined to 3- year low by ~11% YoY to Rs2.03L/ton (PLe Rs2.33L/ton). This was led by weak sales in oil & gas segment (sales at USD3m v/s normalized rate of USD25-30m) and higher PV share. Tonnage growth of 8% was led by strong traction in auto demand in both India and exports. While pickup is visible in class 8 trucks for...

Bharat Forge Ltd. has lost -21.83% in the last 6 Months

Bharat Forge Ltd.

14 Feb 2021

1108.90

0.43%

Bharat Forge

Hold: Bharat Forge Ltd.

Target

ICICI Securities Limited

Bharat Forge (BFL) reported a steady Q3FY21 performance. Standalone revenues came in at | 1,036 crore (down 3.8% YoY) despite 8.4% YoY tonnage growth to 50,943 MT. Total India revenues were at | 516 crore (up 26.5% YoY; CV up 49.4%, PV up 27.5%, industrial up 16%). Export revenues, on the other hand, were down 19.5% YoY to | 512 crore (CV up 7.1%, PV down 8.4%, industrials down 60.1%). Standalone EBITDA for the quarter was at | 215 crore, with consequent margins at 20.7%. Margin performance was positively impacted by operating leverage, with gross...

Bharat Forge Ltd. is trading above its 50 day SMA of 1086.6

Bharat Forge Ltd.

24 Dec 2020

1108.90

0.43%

Bharat Forge

Hold: Bharat Forge Ltd.

Target

ICICI Securities Limited

With the bulk of target customer segments viz. domestic CV, global CV space (improved new order readings of Class 8 trucks with November 2020 print coming in at ~53,000 units (~3x YoY, up ~30% MoM)), bottoming out, we expect a rapid recovery at Bharat Forge, a large part of which is captured by its prevailing valuation multiples (trading at ~32x P/E on FY23E numbers). We will keenly monitor any surprise on the operating margin front consequent to a lot of cost cutting initiatives undertaken by the company, before any meaningful upgrade. We also await outcome on scrappage...

Bharat Forge Ltd. has lost -21.83% in the last 6 Months

Bharat Forge Ltd.

16 Dec 2020

1108.90

0.43%

Bharat Forge

Hold: Bharat Forge Ltd.

Target

ICICI Securities Limited

Domestic auto industry volumes have been on a steady mend in the months post lifting of lockdown restrictions. Manufacturing and distribution activities have been getting ramped up gradually since June 2020, in step with the rest of the economy. However, the impact of the pandemic on the supply chain continues to inhibit a complete return to production normalcy. Nevertheless, most automotive industry segments have reported successive improvement in offtake throughout June-November 2020 (Exhibit 1) on the back of (i) initial bounce provided by pent-up aspect,...

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

Bharat Forge Ltd.

18 Nov 2020

1108.90

0.43%

Bharat Forge

Hold: Bharat Forge Ltd.

Recommendation Target

Dolat Capital

Consol capex guidance at Rs4.5bn for FY21. Expect no major capex in 2H. to 40.8k (PLe 44.6k). The sharp decline in volumes was led by ~33%/44% YoY there has been some initial pickup in class 8 trucks (~19% of S/A revenues) along with ramp-up in PVs, the outlook for industrial remain weak with no...

Bharat Forge Ltd. has lost -21.83% in the last 6 Months

Bharat Forge Ltd.

17 Nov 2020

1108.90

0.43%

BHARAT FORGE & COMPANY LTD

Buy: Bharat Forge Ltd.

Recommendation 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. Total revenues in Q2FY21 declined by 30%YoY. The sharp decline is on account on continued weakness in the export Industrial business and downturn in the Commercial Vehicle sector. Margin expanded to pre-covid level at 12.1% owing to continuous restructuring and cost control measure. However a significant...

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

Bharat Forge Ltd.

12 Nov 2020

1108.90

0.43%

Bharat Forge

Hold: Bharat Forge Ltd.

Target

ICICI Securities Limited

International oil & gas segment remains an area of concern amid soft crude...

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

Bharat Forge Ltd.

19 Aug 2020

1108.90

0.43%

BHARAT FORGE & COMPANY LTD

Hold: 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. BFL revenue came with a surprise as the company able to reduce its Break even point (BEP) on the backdrop of 20% utilization and stringent cost controlling measures, during the lockdown period. The Indian government's recent announcement to restrict the import of defence equipment enhances the order procurement visibility in...

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

Bharat Forge Ltd.

13 Aug 2020

1108.90

0.43%

Bharat Forge

Hold: Bharat Forge Ltd.

Target

ICICI Securities Limited

Sharp cost focus expected to pay dividends Despite soft revenue performance during the quarter (~20% capacity utilisation), BFL nearly managed EBITDA breakeven in standalone and consolidated operations. Its focus on reducing breakeven levels by downsizing costs, enhancing efficiencies while simultaneously controlling capex spends is seen leading to improvement in margin trajectory. BFL expects to continue to post sequential improvement in coming quarters and return to previous margin levels on these cost initiatives. We build 17.4%...

Bharat Forge Ltd. is trading above its 50 day SMA of 1086.6

Is Bharat Forge Ltd. worth buying?

355 Votes:

Buy 77.18%

Sell 13.52%

Hold 9.3%

RESEARCH REPORTS

Hold SEE REPORTS >

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Hold SEE REPORTS >

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