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    Bharat Forge Limited

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

    Automobile and Auto Components
    Consumer Discretionary
    View BHARATFORG earnings calls
    ₹2,190.5
    +8.99% from avg

    Overview

    Price

    ₹2,190.5

    Market Cap

    ₹1.0L Cr

    Sector

    Automobile and Auto Components

    Consumer Discretionary

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital9393939393969696
    Reserves5.1k5.3k6.5k6.6k7.1k9.2k9.3k9.5k
    Borrowings4.5k5.3k6.0k7.3k7.9k6.7k6.7k7.3k
    Other Liabilities1.8k2.4k3.0k4.2k4.1k4.0k4.7k5.3k
    Total Liabilities11.5k13.1k15.5k18.2k19.2k20.0k20.7k22.2k
    AssetsFixed Assets4.0k4.8k4.9k6.2k6.3k6.6k7.3k8.2k
    CWIP1.1k9001.1k7019911.7k1.9k1.3k
    Investments1.6k2.6k2.6k2.6k1.8k2.1k1.7k1.7k
    Other Assets4.7k4.8k6.9k8.8k10.0k9.5k9.8k11.0k
    Total Assets11.5k13.1k15.5k18.2k19.2k20.0k20.7k22.2k

    Valuation

    Assumptions

    Current — BHARATFORG
    Price
    ₹2,191
    EPS (TTM)
    ₹22.58
    PE (TTM)
    97.0
    Profit growth
    28.9%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (67.8×) and current (97.0×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹2,191
    vs
    Fair value · 15% return
    ₹2,557
    17%Undervalued

    At 28.9% growth and a 68× exit, ₹2191 only delivers your return if you pay ₹2,557. The price is currently baking in 25% growth.

    EPS grows 28.9%/yr for 5 years, then fades to 6% over 2, exits at 68×.

    YearGrowthEPS (₹)
    FY2728.9%29.11
    FY2828.9%37.52
    FY2928.9%48.36
    FY3028.9%62.34
    FY3128.9%80.35
    FY3217.4% ·fade94.37
    FY336.0% ·fade100.03

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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