Bharat Forge Limited, a dynamic Indian multinational powerhouse, stands at the forefront of innovation and excellence across a diverse spectrum of industries. With a robust presence in forging, automotive, energy, construction and mining, railways, marine, aerospace, and defense sectors, Bharat Forge is a pivotal player in the global market.
At its core, the company specializes in manufacturing and marketing forged and machined components for both the automotive and industrial sectors. With a proven track record of precision engineering and a commitment to cutting-edge technology, Bharat Forge presents an enticing investment opportunity for those seeking to be part of a forward-thinking, growth-driven enterprise.
For a comprehensive insight into the company’s endeavors and prospects, delve into the full article below.
About Bharat Forge
Bharat Forge, boasting a substantial market capitalization of ₹65,610 Crores and a current share price of ₹1,412, presents an attractive prospect for investors. It holds the distinction of being India’s largest manufacturer and exporter of automotive components, along with a prominent role as a leading manufacturer of industrial components.
Additionally, Bharat Forge diversifies its portfolio by producing critical components for wind, hydro, and nuclear applications, as well as serving the defense and aerospace sectors. With its varied product range, a strong presence in international markets, and a rich history dating back to its founding in 1961, Bharat Forge stands as a stalwart in the market under the astute leadership of Baba Kalyani, the founder’s son. This company’s forward-looking approach and solid market position make it an appealing choice for investors seeking to align with a pioneering industry leader.
Bharat Forge Q4 FY24 Results: Summary and Key points
- Net Profit Surge: Bharat Forge reported a remarkable 59.3% year-on-year increase in net profit, soaring to Rs 389.6 crore from Rs 244.5 crore in the previous fiscal.
- Revenue Growth: Total revenue for the reporting period surged by 16.6%, reaching Rs 2,328.5 crore compared to Rs 1,997.3 crore in the corresponding period last year.
- EBITDA Improvement: The company’s EBITDA (earnings before interest, taxes, depreciation, and amortisation) stood at Rs 659 crore for Q4FY24, a significant rise from Rs 522.8 crore in the previous fiscal. The margin also expanded to 28.3%, up from 24.4% in Q4FY23.
- One-Time Loss: Bharat Forge reported a one-time loss of Rs 13.3 crore for Q4FY24, compared to a loss of Rs 41 crore in the previous fiscal.
- Business Highlights: The company attributed its top-line growth to the delivery of export orders in defence and the ramp-up of its overseas Aluminium business. Additionally, EBITDA improvement was driven by the reduction of losses in Europe.
- Market Outlook: Bharat Forge aims to align its automotive business growth with market trends. Anticipating increased activity post-elections and accelerated Capex spend, the company expects the automotive market to pick up momentum.
- Analyst Perspective: Analysts highlight Bharat Forge’s strong revenue visibility amidst global disturbances and moderation in truck demand, attributing it to the company’s diversified business mix and resilient performance across sectors.
- Business Profile: Based in Pune, Bharat Forge provides components and solutions to various sectors, including automotive, railways, defence, construction and mining, aerospace, marine, and oil and gas.
Below are the trading platforms that you can use to purchase Bharat Forge shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| May 2024 | 1,421.90 | 1,236.44 |
| June 2024 | 1,473.09 | 1,280.95 |
| July 2024 | 1,458.36 | 1,268.14 |
| August 2024 | 1,516.70 | 1,318.87 |
| September 2024 | 1,577.36 | 1,371.62 |
| October 2024 | 1,546.44 | 1,344.73 |
| November 2024 | 1,608.29 | 1,398.52 |
| December 2024 | 1,624.38 | 1,412.50 |
In May 2024, Bharat Forge shares are projected to reach a maximum price of 1,421.90 and a minimum price of 1,236.44. As the year progresses, this trend continues with fluctuations: June (max: 1,473.09, min: 1,280.95), July (max: 1,458.36, min: 1,268.14), August (max: 1,516.70, min: 1,318.87), September (max: 1,577.36, min: 1,371.62), October (max: 1,546.44, min: 1,344.73), November (max: 1,608.29, min: 1,398.52), and December (max: 1,624.38, min: 1,412.50).
| When | Maximum Price | Minimum Price |
| January 2025 | 1,640.62 | 1,262.01 |
| February 2025 | 1,657.19 | 1,274.76 |
| March 2025 | 1,691.99 | 1,301.53 |
| April 2025 | 1,675.24 | 1,288.65 |
| May 2025 | 1,626.45 | 1,251.11 |
| June 2025 | 1,699.64 | 1,307.41 |
| July 2025 | 1,666.31 | 1,281.78 |
| August 2025 | 1,717.85 | 1,321.42 |
| September 2025 | 1,738.46 | 1,337.28 |
| October 2025 | 1,783.66 | 1,372.05 |
| November 2025 | 1,828.25 | 1,406.35 |
| December 2025 | 1,910.52 | 1,469.63 |
In January 2025, Bharat Forge shares are expected to reach a maximum price of ₹1,640.62 and a minimum price of ₹1,262.01. As the year progresses, prices are projected to fluctuate, with the maximum price rising to ₹1,910.52 and the minimum price increasing to ₹1,469.63 by December 2025.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,967.84 | 1,513.72 |
| February 2026 | 1,918.64 | 1,475.88 |
| March 2026 | 1,957.02 | 1,505.40 |
| April 2026 | 1,996.95 | 1,536.12 |
| May 2026 | 1,977.18 | 1,520.91 |
| June 2026 | 2,026.61 | 1,558.93 |
| July 2026 | 1,986.87 | 1,528.37 |
| August 2026 | 2,048.32 | 1,575.63 |
| September 2026 | 2,089.29 | 1,607.15 |
| October 2026 | 2,143.61 | 1,648.93 |
| November 2026 | 2,197.20 | 1,690.16 |
| December 2026 | 2,252.13 | 1,732.41 |
| When | Maximum Price | Minimum Price |
| January 2027 | 2,274.65 | 1,749.73 |
| February 2027 | 2,332.98 | 1,794.60 |
| March 2027 | 2,423.96 | 1,864.59 |
| April 2027 | 2,376.44 | 1,828.03 |
| May 2027 | 2,307.22 | 1,774.78 |
| June 2027 | 2,411.04 | 1,854.65 |
| July 2027 | 2,363.77 | 1,818.28 |
| August 2027 | 2,436.88 | 1,874.52 |
| September 2027 | 2,522.17 | 1,940.13 |
| October 2027 | 2,587.74 | 1,990.57 |
| November 2027 | 2,652.44 | 2,040.34 |
| December 2027 | 2,718.75 | 2,091.34 |
| When | Maximum Price | Minimum Price |
| January 2028 | 2,773.12 | 2,133.17 |
| February 2028 | 2,844.23 | 2,187.87 |
| March 2028 | 2,955.15 | 2,273.19 |
| April 2028 | 2,897.21 | 2,228.62 |
| May 2028 | 2,812.82 | 2,163.71 |
| June 2028 | 2,939.40 | 2,261.08 |
| July 2028 | 2,881.76 | 2,216.74 |
| August 2028 | 2,970.89 | 2,285.30 |
| September 2028 | 3,074.87 | 2,365.29 |
| October 2028 | 3,154.82 | 2,426.78 |
| November 2028 | 3,233.69 | 2,487.45 |
| December 2028 | 3,314.53 | 2,549.64 |
| When | Maximum Price | Minimum Price |
| January 2029 | 3,380.82 | 2,600.63 |
| February 2029 | 3,467.51 | 2,667.32 |
| March 2029 | 3,602.74 | 2,771.34 |
| April 2029 | 3,532.10 | 2,717.00 |
| May 2029 | 3,429.22 | 2,637.87 |
| June 2029 | 3,583.54 | 2,756.57 |
| July 2029 | 3,513.27 | 2,702.52 |
| August 2029 | 3,621.93 | 2,786.10 |
| September 2029 | 3,748.70 | 2,883.62 |
| October 2029 | 3,846.17 | 2,958.59 |
| November 2029 | 3,942.32 | 3,032.55 |
| December 2029 | 4,040.88 | 3,108.37 |
| When | Maximum Price | Minimum Price |
| January 2030 | 4,121.70 | 3,170.54 |
| February 2030 | 4,227.38 | 3,251.83 |
| March 2030 | 4,392.25 | 3,378.65 |
| April 2030 | 4,306.13 | 3,312.40 |
| May 2030 | 4,180.70 | 3,215.93 |
| June 2030 | 4,368.84 | 3,360.64 |
| July 2030 | 4,283.17 | 3,294.75 |
| August 2030 | 4,415.64 | 3,396.65 |
| September 2030 | 4,570.19 | 3,515.53 |
| October 2030 | 4,689.01 | 3,606.93 |
| November 2030 | 4,806.24 | 3,697.11 |
| December 2030 | 4,926.40 | 3,789.54 |
As we step into January 2030, Bharat Forge shares are anticipated to reach a maximum price of ₹4,121.70 and a minimum price of ₹3,170.54. Throughout the year, the prices are expected to fluctuate, with the maximum price peaking at ₹4,926.40 and the minimum price rising to ₹3,789.54 by December 2030.
Financial Condition of Bharat Forge: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 8,056 | 6,336 | 10,461 | 12,910 | 15,682 |
| Expenses + | 6,984 | 5,504 | 8,478 | 11,174 | 13,124 |
| Operating Profit | 1,072 | 832 | 1,983 | 1,737 | 2,558 |
| OPM % | 13% | 13% | 19% | 13% | 16% |
| Other Income + | 109 | -138 | 288 | 124 | 220 |
| Interest | 171 | 108 | 160 | 299 | 491 |
| Depreciation | 548 | 612 | 730 | 736 | 848 |
| Profit before tax | 462 | -25 | 1,381 | 827 | 1,439 |
| Tax % | 24% | -399% | 22% | 39% | 37% |
| Net Profit + | 349 | -127 | 1,077 | 508 | 910 |
| EPS in Rs | 7.51 | -2.71 | 23.23 | 11.35 | 20.43 |
| Dividend Payout % | 47% | -74% | 30% | 62% | 44% |
The financial data for the company over the past five years reflects a dynamic performance trajectory. Despite fluctuations in certain periods, there has been a general upward trend in sales revenue, rising from 8,056 crore in March 2020 to 15,682 crore in March 2024. However, expenses have also increased over the years, reflecting the company’s expansion efforts and operational costs. Notably, the operating profit has shown significant growth, reaching 2,558 crores in March 2024, indicating improved operational efficiency and profitability. Despite challenges, such as negative net profit in March 2021, the company has managed to rebound strongly, with a positive net profit of 910 crore in March 2024. This demonstrates resilience and strategic adaptability in navigating market conditions. Additionally, the earnings per share (EPS) have witnessed fluctuations but have generally shown an increasing trend, reaching 20.43 rupees in March 2024, highlighting the company’s ability to generate value for its shareholders. However, the dividend payout percentage has varied, reflecting the company’s approach to balancing dividend distributions with reinvestment for growth. Overall, the financials indicate a company that has demonstrated resilience, adaptability, and growth potential over the past five years.
prabhudas lilladher advises investors to buy Bharat Forge’s share, setting a target price of Rs 1615.00
FAQS
As of March 18th, 2024, Bharat Forge’s share price stands at ₹1,412.
What is the market capitalization of Bharat Forge?
The market capitalization of Bharat Forge is ₹65,610 Crores.
What is the Price-to-Earnings (P/E) ratio for Bharat Forge?
Bharat Forge’s P/E ratio is currently 71.5.
The share price target for Bharat Forge in 2025 is projected to range between ₹1,251.11 and ₹1,910.52.
The share price target for Bharat Forge in 2030 is forecasted between ₹3,170.54 and ₹4,926.40.
Also Read:
- ASTRAL SHARE PRICE TARGET 2024, 2025 TO 2030: CAN ASTRAL REACH INR 5000 BY 2025?
- Amrutanjan Healthcare Share Price Target 2024, 2025 to 2030
- Indiamart Intermesh Share Price Target 2024, 2025 To 2030
Conclusion
in conclusion, Bharat Forge Limited’s Q4 FY24 results further reinforce its position as a leader in the industry. The company reported a remarkable 59.3% year-on-year increase in net profit, soaring to Rs 389.6 crore from Rs 244.5 crore in the previous fiscal. This surge in profitability is attributed to the company’s robust revenue growth, with total revenue for the reporting period surging by 16.6% to Rs 2,328.5 crore compared to Rs 1,997.3 crore in the corresponding period last year. Additionally, Bharat Forge demonstrated improved operational efficiency, as evidenced by its EBITDA of Rs 659 crore for Q4FY24, marking a significant rise from Rs 522.8 crore in the previous fiscal. The company’s resilience in delivering strong financial results amidst challenging market conditions reflects its solid business fundamentals and strategic agility.
What did we learn?
- 1 About Bharat Forge
- 2 Bharat Forge Q4 FY24 Results: Summary and Key points
- 3 How to purchase Bharat Forge Shares?
- 4 Bharat Forge Share Price Target: 2024, 2025 to 2030
- 5 Financial Condition of Bharat Forge: Last 5 years
- 6 Prabhudas lilladher on Bharat Forge’s share price Target
- 7 FAQS
- 7.1 What is Bharat Forge’s current share price?
- 7.2 What is the market capitalization of Bharat Forge?
- 7.3 What is the Price-to-Earnings (P/E) ratio for Bharat Forge?
- 7.4 What is the expected share price target for Bharat Forge in 2025?
- 7.5 What is the expected share price target for Bharat Forge in 2030?
- 8 Also Read:
- 9 Conclusion
