BHARAT FORGE LTD (BHARATFORG) financials

BHARAT FORGE LTD (BHARATFORG) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Bharat Forge is engaged in the manufacturing and selling of forged and machined components for the auto and industrial sectors.[1]

Market Cap: ₹89,857Cr.
Current Price: ₹1,839
Stock P/E: 72.8
ROE: 10.2%
ROCE: 12.8%
Book Value: ₹230
Dividend Yield: 0.46%
52W High / Low: ₹2,295/1,230

In Jun 2026, BHARAT FORGE LTD (BHARATFORG) reported sales ₹2,347 Cr and net profit ₹321 Cr.

Annual TTM: sales ₹8,638 Cr, net profit ₹802 Cr.

Shareholding: Promoters 43.12% (Sep 2026), FIIs 15.18% (Sep 2026), DIIs 32.86% (Sep 2026), Government 0.00% (Sep 2026), Public 8.84% (Sep 2026).

BHARATFORG quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	2,247	2,096	2,163	2,105	1,947	2,084	2,260	2,347
Expenses	1,621	1,486	1,546	1,533	1,396	1,517	1,643	1,762
Operating Profit	625	610	617	572	551	566	617	586
OPM %	28%	29%	29%	27%	28%	27%	27%	25%
Other Income	48	30	28	42	39	-21	-464	10
Interest	64	57	59	52	48	41	40	43
Depreciation	108	110	112	112	111	112	112	115
Profit before tax	502	473	473	449	430	392	0	437
Tax %	28%	27%	27%	25%	28%	26%	51,300%	26%
Net Profit	361	346	346	339	310	288	-118	321
EPS in Rs	7.76	7.24	7.23	7.08	6.48	6.02	-2.46	6.72
Raw PDF	—	—	—	—	—	—	—	—

BHARATFORG profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	4,564	3,652	6,255	7,573	8,969	8,844	8,396	8,638
Expenses	3,548	2,924	4,539	5,662	6,491	6,340	6,089	6,318
Operating Profit	1,016	728	1,716	1,911	2,478	2,504	2,307	2,321
OPM %	22%	20%	27%	25%	28%	28%	27%	27%
Other Income	67	131	199	110	147	5	-405	-438
Interest	145	78	107	213	287	250	182	173
Depreciation	345	366	412	426	442	440	448	451
Profit before tax	593	415	1,396	1,383	1,895	1,819	1,271	1,259
Tax %	20%	25%	23%	24%	25%	27%	36%	—
Net Profit	474	312	1,078	1,045	1,425	1,322	819	802
EPS in Rs	10.17	6.70	23.15	22.45	30.61	27.66	17.13	16.76
Dividend Payout %	34%	30%	30%	31%	29%	31%	50%	—

BHARATFORG balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	93	93	93	93	93	93	96	96
Reserves	5,305	5,262	5,856	7,017	7,607	8,476	10,869	10,893
Borrowings	3,189	3,275	3,814	4,124	4,782	4,756	4,296	4,060
Other Liabilities	1,352	1,087	1,352	1,607	1,712	1,863	2,000	2,480
Total Liabilities	9,939	9,717	11,115	12,841	14,194	15,188	17,260	17,528
Fixed Assets	2,634	2,808	3,459	3,301	3,238	3,157	3,129	3,116
CWIP	713	895	270	248	303	376	838	728
Investments	2,192	2,353	3,569	3,900	4,279	4,465	6,045	6,818
Other Assets	4,400	3,662	3,816	5,392	6,374	7,190	7,248	6,866
Total Assets	9,939	9,717	11,115	12,841	14,194	15,188	17,260	17,528

BHARATFORG cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	797	1,377	814	275	788	2,092	1,701	1,544
Cash from Investing Activity	-1,002	-729	-1,130	-248	-596	-807	-2,841	-560
Cash from Financing Activity	299	-620	368	75	-172	-641	457	-984
Net Cash Flow	93	28	52	102	20	644	-682	0
Free Cash Flow	-49	864	501	-27	503	1,567	1,085	1,243
CFO/OP	70%	157%	123%	36%	62%	102%	89%	88%

BHARATFORG shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	44.07%	44.07%	44.07%	44.07%	44.07%	44.07%	44.07%	43.12%
FIIs	17.87%	16.08%	14.37%	13.62%	12.40%	14.15%	15.04%	15.18%
DIIs	28.35%	30.20%	31.26%	32.11%	34.08%	32.62%	32.18%	32.86%
Government	0.15%	0.15%	0.15%	0.15%	0.15%	0.15%	0.15%	0.00%
Public	9.55%	9.49%	10.15%	10.05%	9.29%	9.00%	8.54%	8.84%
No. of Shareholders	2,07,810	2,14,725	2,42,732	2,49,520	2,27,160	2,28,156	2,32,361	2,27,796

BHARATFORG key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	126	132	158	145	156	147	158	180
Inventory Days	114	158	226	159	140	127	156	177
Days Payable	122	128	207	138	135	123	141	158
Cash Conversion Cycle	119	163	177	165	162	151	173	199
Working Capital Days	38	15	-7	17	26	30	32	53
ROCE %	22%	9%	5%	13%	13%	17%	15%	13%

BHARATFORGUpdated 15 Oct 2026, 5:11

Bharat Forge Ltd

BHARATFORGUpdated 15 Oct 2026, 5:11

Market Cap

₹89,857Cr.

Current Price

₹1,839

High / Low

₹2,295/1,230

Stock P/E

72.8

ROE10.2%

ROCE12.8%

Book Value₹230

Face Value₹2.00

Dividend Yield0.46%

About

Bharat Forge is engaged in the manufacturing and selling of forged and machined components for the auto and industrial sectors.[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	2127	71	1579	47	109	417	25	312	6.69
Sep 2023	2249	73	1643	40	113	462	25	346	7.43
Dec 2023	2263	81	1600	35	112	504	25	378	8.11
Mar 2024	2329	63	1669	25	108	513	24	390	8.37
Jun 2024	2338	70	1687	-101	109	371	27	269	5.79
Sep 2024	2247	64	1621	48	108	502	28	361	7.76
Dec 2024	2096	57	1486	30	110	473	27	346	7.24
Mar 2025	2163	59	1546	28	112	473	27	346	7.23
Jun 2025	2105	52	1533	42	112	449	25	339	7.08
Sep 2025	1947	48	1396	39	111	430	28	310	6.48
Dec 2025	2084	41	1517	-21	112	392	26	288	6.02
Mar 2026	2260	40	1643	-464	112	0	51300	-118	-2.46
Jun 2026	2347	43	1762	10	115	437	26	321	6.72

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	4548	112	3218	89	251	1057	32	719	15.44
Mar 2016	4334	91	3017	108	308	1026	32	698	14.98
Mar 2017	3865	73	2790	136	295	842	31	585	12.57
Mar 2018	5316	85	3779	-15	307	1131	37	707	15.19
Mar 2019	6520	102	4614	166	347	1623	34	1071	23.01
Mar 2020	4564	145	3548	67	345	593	20	474	10.17
Mar 2021	3652	78	2924	131	366	415	25	312	6.7
Mar 2022	6255	107	4539	199	412	1396	23	1078	23.15
Mar 2023	7573	213	5662	110	426	1383	24	1045	22.45
Mar 2024	8969	287	6491	147	442	1895	25	1425	30.61
Mar 2025	8844	250	6340	5	440	1819	27	1322	27.66
Mar 2026	8396	182	6089	-405	448	1271	36	819	17.13
TTM	8638	173	6318	-438	451	1259	—	802	16.76

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	43.12%
FIIs	15.18%
DIIs	32.86%
Public	8.84%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Government	Public
Dec 2023	45.26%	16.6%	27.74%	0.18%	10.22%
Mar 2024	45.26%	16.48%	28.06%	0.18%	10.04%
Jun 2024	45.26%	17.04%	27.96%	0.18%	9.58%
Sep 2024	45.26%	18.72%	26.32%	0.16%	9.55%
Dec 2024	44.07%	17.87%	28.35%	0.15%	9.55%
Mar 2025	44.07%	16.08%	30.2%	0.15%	9.49%
Jun 2025	44.07%	14.37%	31.26%	0.15%	10.15%
Sep 2025	44.07%	13.62%	32.11%	0.15%	10.05%
Dec 2025	44.07%	12.4%	34.08%	0.15%	9.29%
Mar 2026	44.07%	14.15%	32.62%	0.15%	9%
Jun 2026	44.07%	15.04%	32.18%	0.15%	8.54%
Sep 2026	43.12%	15.18%	32.86%	0%	8.84%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	47	3449	1797	1083	6376	1956	208	1104	3108	6376
Mar 2016	47	3535	2669	929	7179	2277	322	1421	3159	7179
Mar 2017	47	4185	2422	1023	7677	2374	374	1772	3157	7677
Mar 2018	93	4521	2510	1242	8366	2528	302	2061	3475	8366
Mar 2019	93	5305	3189	1352	9939	2634	713	2192	4400	9939
Mar 2020	93	5262	3275	1087	9717	2808	895	2353	3662	9717
Mar 2021	93	5856	3814	1352	11115	3459	270	3569	3816	11115
Mar 2022	93	7017	4124	1607	12841	3301	248	3900	5392	12841
Mar 2023	93	7607	4782	1712	14194	3238	303	4279	6374	14194
Mar 2024	93	8476	4756	1863	15188	3157	376	4465	7190	15188
Mar 2025	96	10869	4296	2000	17260	3129	838	6045	7248	17260
Mar 2026	96	10893	4060	2480	17528	3116	728	6818	6866	17528

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	903	-138	-524	241
Mar 2016	1306	-651	-677	-22
Mar 2017	892	-579	-372	-59
Mar 2018	941	-697	-367	-122
Mar 2019	797	-1002	299	93
Mar 2020	1377	-729	-620	28
Mar 2021	814	-1130	368	52
Mar 2022	275	-248	75	102
Mar 2023	788	-596	-172	20
Mar 2024	2092	-807	-641	644
Mar 2025	1701	-2841	457	-682
Mar 2026	1544	-560	-984	0

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	45	120	130	123	126	132	158	145	156	147	158	180
Inventory Days	113	90	118	104	114	158	226	159	140	127	156	177
Days Payable	132	106	128	133	122	128	207	138	135	123	141	158
Cash Conversion Cycle	26	104	120	94	119	163	177	165	162	151	173	199
Working Capital Days	96	38	10	22	38	15	-7	17	26	30	32	53
ROCE %	23%	19%	14%	19%	22%	9%	5%	13%	13%	17%	15%	13%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of BHARAT FORGE LTD (BHARATFORG)?

The reported market capitalisation for BHARAT FORGE LTD (BHARATFORG) is ₹89,857Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of BHARATFORG?

The current price shown for BHARAT FORGE LTD (BHARATFORG) on Fincrux is ₹1,839 with a 52-week high/low of ₹2,295/1,230.

What is the P/E ratio of BHARAT FORGE LTD (BHARATFORG)?

The stock P/E for BHARAT FORGE LTD (BHARATFORG) is 72.8 on Fincrux, with ROE at 10.2% and ROCE at 12.8%.

What were BHARATFORG latest quarterly results?

For Jun 2026, BHARAT FORGE LTD (BHARATFORG) reported sales ₹2,347 Cr and net profit ₹321 Cr (figures in ₹ crore unless noted).

What are BHARATFORG annual sales and net profit?

For TTM, BHARAT FORGE LTD (BHARATFORG) shows sales of ₹8,638 Cr and net profit of ₹802 Cr on the Fincrux profit & loss statement.

Who owns BHARAT FORGE LTD (BHARATFORG)?

Latest shareholding for BHARAT FORGE LTD (BHARATFORG) on Fincrux: Promoters 43.12% (Sep 2026), FIIs 15.18% (Sep 2026), DIIs 32.86% (Sep 2026), Government 0.00% (Sep 2026), Public 8.84% (Sep 2026).

Where can I find BHARAT FORGE LTD (BHARATFORG) financials?

BHARAT FORGE LTD (BHARATFORG) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show BHARATFORG balance sheet and cash flow?

Yes. The BHARAT FORGE LTD (BHARATFORG) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 15 October 2026 at 5:11