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Bharat Forge BHARATFORG.NS · INR

Consumer Discretionary · NSE · 🇮🇳 India

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1,725.00

-0.86%

Close of 9 Nov 2026, in INR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in INR, from our data supplier.

FY2026

Revenue

₹162.24bn

FY2017FY2026

Net income

₹10.80bn

FY2017FY2026

Free cash flow

₹3.46bn

FY2017FY2026

Shareholders' equity

₹95.80bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue₹162.24bn₹151.23bn₹156.82bn₹129.10bn₹104.61bn₹63.36bn₹80.56bn₹101.46bn₹84.15bn₹65.98bn
Gross profit₹75.21bn₹70.14bn₹68.05bn₹54.57bn₹50.93bn₹29.12bn₹35.52bn₹47.74bn₹41.14bn₹31.93bn
Operating income₹19.57bn₹16.93bn₹16.97bn₹11.59bn₹15.34bn₹2.07bn₹5.23bn₹16.93bn₹12.17bn₹9.51bn
Net income₹10.80bn₹9.41bn₹9.51bn₹5.28bn₹10.82bn−₹1.26bn₹3.50bn₹10.32bn₹7.62bn₹7.05bn
Diluted earnings per share22.5719.7020.3011.3523.34-2.727.5122.2316.3814.73

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets₹222.60bn₹200.88bn₹193.49bn₹183.84bn₹156.09bn₹131.78bn₹115.63bn₹116.42bn₹100.16bn₹88.83bn
Cash and short-term investments—₹20.75bn₹27.03bn₹20.85bn₹25.06bn₹25.46bn₹16.36bn₹10.12bn₹6.84bn₹11.56bn
Total liabilities₹127.03bn₹108.68bn₹121.79bn₹116.79bn₹90.38bn₹77.63bn₹63.43bn₹62.66bn₹53.65bn₹47.67bn
Debt—₹66.98bn₹79.48bn₹73.13bn₹59.72bn₹52.71bn₹44.69bn₹40.29bn₹32.57bn₹31.24bn
Shareholders' equity₹95.80bn₹92.53bn₹71.70bn₹67.06bn₹65.71bn₹54.15bn₹52.20bn₹53.76bn₹46.52bn₹41.16bn
Shares outstanding478m478m469m466m463m465m466m464m465m478m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations₹14.87bn₹17.96bn₹16.64bn₹15.81bn₹5.06bn₹10.20bn₹15.22bn₹9.11bn₹9.67bn₹10.52bn
Capital spending−₹11.40bn−₹14.50bn−₹15.24bn−₹9.96bn−₹10.68bn−₹9.14bn−₹9.62bn−₹11.77bn−₹5.85bn−₹6.55bn
Free cash flow₹3.46bn₹3.46bn₹1.40bn₹5.85bn−₹5.62bn₹1.06bn₹5.60bn−₹2.66bn₹3.82bn₹3.96bn
Dividends paid−₹3.80bn−₹4.22bn−₹3.80bn−₹3.25bn−₹1.64bn−₹1.64bn−₹2.79bn−₹2.33bn−₹2.10bn−₹698.4m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue₹46.40bn₹45.28bn₹43.43bn₹40.32bn₹39.09bn₹38.53bn₹34.76bn₹36.89bn
Gross profit₹25.71bn₹23.76bn₹23.69bn₹22.64bn₹22.13bn₹21.29bn₹20.06bn₹21.24bn
Operating income₹4.46bn₹5.23bn₹4.45bn₹4.85bn₹4.47bn₹4.52bn₹4.06bn₹4.34bn
Net income−₹897.3m₹2.33bn₹2.64bn₹2.99bn₹2.84bn₹2.82bn₹2.13bn₹2.44bn
Diluted earnings per share-1.884.865.536.265.945.904.545.20
Cash from operations———₹9.99bn—₹17.96bn—₹8.74bn
Capital spending———−₹5.65bn—−₹14.50bn—−₹8.19bn
Free cash flow———₹4.34bn—₹3.46bn—₹548.0m
Total assets—₹222.60bn—₹207.28bn—₹200.88bn—₹189.93bn
Cash and short-term investments———₹22.18bn—₹27.48bn—₹20.63bn
Debt—₹18.12bn—₹16.70bn—₹16.82bn—₹21.51bn
Shareholders' equity—₹95.80bn—₹93.60bn—₹92.53bn—₹72.77bn

Growth per year

Compound annual rate

3 years5 years10 years
Revenue7.9%20.7%8.8%
Operating income19.1%56.7%7.0%
Net income26.9%—4.8%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin46.4%44.7%45.4%46.1%
Operating margin11.6%10.9%10.7%11.7%
Net margin6.4%5.8%5.8%6.8%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings81.274.764.0109.137.7-257.070.021.731.149.6
Price to sales5.44.73.94.53.95.13.02.22.85.3

Dividends and splits

Per share, in the currency the company pays

Paid for 26 years. Last went ex-dividend on 3 Jul 2026.

FY2027FY2026FY2025FY2024FY2023FY2022FY2020FY2019
Paid in the year6.508.009.008.007.003.506.005.00
  • 2-for-1 split · 28 Sept 2017
  • 5-for-1 split · 20 Jul 2005

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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