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Bharat Forge share price & results

Bharat Forge Limited· Automobile and Auto Components· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Pune-based global forger of safety-critical components for auto, aerospace, defence, rail & marine sectors.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue4,640 ₹ crore+18.7% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin15.0 %−2.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit-90.0 ₹ crore−131.7% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity10.71 %+0.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin2.22 %−0.1 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)17.53 %+14.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

3 of 6 judged targets kept · 12 open · verdicts reflect calls analysed to Q1 FY27.

Bharat Forge Limited management guidance track record on Inve: 18 targets tracked across analysed earnings calls (3 achieved, 3 missed, 12 open).

TargetOriginal wordingSaidLatest callVerdict
Aerospace RevenueTriple-digits per quarter by next year
Call transcript, Q3 FY25 · 12 Feb 2025		Q3 FY25Q1 FY27:Promise achieved in the previous fiscal year.
Call transcript, Q1 FY27 · 10 Aug 2026		Achieved
E-mobility ProfitabilityMoving towards black numbers towards the end of the second half of the year (FY26)
Call transcript, Q4 FY25 · 8 May 2025		Q4 FY25Q1 FY27:Management acknowledges lack of success in this area but hints at new ideas and commentary in the next 3-6 months.
Call transcript, Q1 FY27 · 10 Aug 2026		Missed
ATAGS Order Revenue StartSeries deliveries at least 15 to 18 months from now
Call transcript, Q3 FY25 · 12 Feb 2025		Q3 FY25Q1 FY27:Management confirms further procedural delays of 'a few weeks' for ATAGS approval. Deliveries to start 2-3 months after approval.
Call transcript, Q1 FY27 · 10 Aug 2026		Delayed

Source: Inve Guidance Tracker for Bharat Forge Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of Bharat Forge Limited's 18 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 15 more targets are in the full ledger.

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Price

₹1,763 +1.88% · +₹32.6

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +37.3% 1Y

₹1.4k₹1.6k₹1.8k₹2.0k₹2.2kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 11 Nov 2025Q3 FY26 — 12 Feb 2026Q4 FY26 — 7 May 2026Q1 FY27 — 10 Aug 2026

1Y: ₹1,283.9 on 24 Oct 2025 → ₹1,763. High ₹2,265.2 (7 Aug 2026), low ₹1,283.9 (24 Oct 2025).

Previous close
₹1,730.4
Market cap
₹86.7k Cr
52-week range
₹1,301.4 – ₹2,265.2
One year
+35.47%
Price to earnings (TTM to Jun 2026)
85.98×
Return on equity (TTM to Jun 2026)
10.71%

Overview

Symbol
NSE:BHARATFORG
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Bharat Forge Limited does

Based on the company's own presentations, annual report and earnings calls.

Bharat Forge designs, forges and machines safety-critical, high-performance components and solutions for automotive OEMs and Tier-1 suppliers as well as aerospace, defence, railways, marine, oil & gas, construction and general industrial equipment customers, working across steel and aluminium in both forgings and castings. It earns through two reported business lines, Automotive and Industrial, selling to global commercial-vehicle, passenger-vehicle and industrial-equipment manufacturers from its Pune headquarters and a manufacturing footprint spanning five countries. Group subsidiaries extend the business into ferrous castings (JS Auto Cast), strategic defence and aerospace systems (Kalyani Strategic Systems), and EV/commercial-vehicle platforms (K Drive Mobility, formerly AAM India's CV operations).

Segments

  • Automotive
  • Industrial
Countries of manufacturing/operating presence
5
Market position
India's largest exporter of auto components
Manufacturing track record
60+ years of manufacturing experience
Export track record
30+ years of exporting experience
Industries served
Automotive, aerospace, defence, railways, marine, oil & gas, construction and industrial equipment
Key subsidiaries
Kalyani Strategic Systems (defence & aerospace), JS Auto Cast (ferrous castings), K Drive Mobility (EV/CV platforms), Bharat Forge International Services (BFISL)
Founded 1961Headquarters Pune, Maharashtra, India Company website

How the price took the results

close before → close after

Q1 FY27
−7.6%
10 Aug
Q4 FY26
+6.4%
7 May
Q3 FY26
+3.0%
12 Feb
Q2 FY26
+5.5%
11 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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