|
14 Apr 2025 |
Bharat Forge
|
Consensus Share Price Target
|
1002.15 |
1220.64 |
- |
21.80 |
hold
|
|
|
|
|
26 Mar 2025
|
Bharat Forge
|
Geojit BNP Paribas
|
1002.15
|
1302.00
|
1182.90
(-15.28%)
|
29.92 |
Hold
|
|
|
|
|
13 Feb 2025
|
Bharat Forge
|
Prabhudas Lilladhar
|
1002.15
|
1050.00
|
1076.20
(-6.88%)
|
Target met |
Hold
|
|
|
|
|
16 Dec 2024
|
Bharat Forge
|
Geojit BNP Paribas
|
1002.15
|
1558.00
|
1364.10
(-26.53%)
|
55.47 |
Buy
|
|
|
|
|
18 Nov 2024
|
Bharat Forge
|
Prabhudas Lilladhar
|
1002.15
|
1501.00
|
1304.55
(-23.18%)
|
49.78 |
Accumulate
|
|
|
|
|
23 Sep 2024
|
Bharat Forge
|
Motilal Oswal
|
1002.15
|
1470.00
|
1582.20
(-36.66%)
|
Target met |
Neutral
|
|
|
We met BHFC’s management team recently to understand the company’s growth outlook in the coming years. the robust order backlog of INR54b in defense exports to be executable over the next three years.
|
|
17 Sep 2024
|
Bharat Forge
|
Geojit BNP Paribas
|
1002.15
|
1758.00
|
1596.10
(-37.21%)
|
75.42 |
Hold
|
|
|
|
|
09 Aug 2024
|
Bharat Forge
|
Prabhudas Lilladhar
|
1002.15
|
1701.00
|
1636.55
(-38.76%)
|
69.74 |
Accumulate
|
|
|
|
|
10 May 2024
|
Bharat Forge
|
Geojit BNP Paribas
|
1002.15
|
1412.00
|
1397.70
(-28.30%)
|
Target met |
Hold
|
|
|
|
|
09 May 2024
|
Bharat Forge
|
Prabhudas Lilladhar
|
1002.15
|
1615.00
|
1412.75
(-29.06%)
|
Target met |
Buy
|
|
|
|
|
16 Feb 2024
|
Bharat Forge
|
Geojit BNP Paribas
|
1002.15
|
1217.00
|
1133.85
(-11.62%)
|
Target met |
Hold
|
|
|
|
|
17 Nov 2023
|
Bharat Forge
|
Geojit BNP Paribas
|
1002.15
|
1160.00
|
1060.40
(-5.49%)
|
Target met |
Hold
|
|
|
|
|
07 Nov 2023
|
Bharat Forge
|
BP Wealth
|
1002.15
|
|
1054.80
(-4.99%)
|
|
Results Update
|
|
|
|
|
11 Oct 2023
|
Bharat Forge
|
SBI Securities
|
1002.15
|
1338.90
|
1114.35
(-10.07%)
|
Target met |
Buy
|
|
|
|
|
10 Aug 2023
|
Bharat Forge
|
ICICI Securities Limited
|
1002.15
|
899.00
|
963.10
(4.05%)
|
|
Sell
|
|
|
Bharat Forge’s (BHFC) Q1FY24 standalone EBITDA margin was resilient at 26%, though EU operations turned EBITDA positive to 4.4% as against being in loss last quarter. Standalone revenue beat expectations despite this being a weak quarter for domestic CVs, with industrial exports driven by defence business execution driving revenue up QoQ as against CV segment exports remaining flattish QoQ.
|
|
09 Aug 2023
|
Bharat Forge
|
Motilal Oswal
|
1002.15
|
1135.00
|
963.10
(4.05%)
|
Target met |
Buy
|
|
|
|
|
10 May 2023
|
Bharat Forge
|
BP Wealth
|
1002.15
|
|
776.25
(29.10%)
|
|
Results Update
|
|
|
|
|
08 May 2023
|
Bharat Forge
|
Prabhudas Lilladhar
|
1002.15
|
940.00
|
778.30
(28.76%)
|
Target met |
Buy
|
|
|
|
|
08 May 2023
|
Bharat Forge
|
ICICI Direct
|
1002.15
|
980.00
|
778.30
(28.76%)
|
Target met |
Buy
|
|
|
|
|
07 May 2023
|
Bharat Forge
|
Motilal Oswal
|
1002.15
|
985.00
|
760.25
(31.82%)
|
Target met |
Buy
|
|
|
|
|
06 May 2023
|
Bharat Forge
|
ICICI Securities Limited
|
1002.15
|
773.00
|
760.25
(31.82%)
|
Target met |
Hold
|
|
|
Bharat Forge’s (BHFC) Q4FY23 standalone EBITDA margin at 26.2% was largely in line with consensus estimates, with adjusted PAT and sales tonnage being up ~11% YoY each. Foreign subsidiary’s EBITDA margin continued to impact overall profitability, and earnings remained in the negative zone (negative 4%) for the third quarter in a row, though up 200bps QoQ.
|