Bharat Forge Ltd

NSE :BHARATFORG   BSE :500493  Sector : Castings, Forgings & Fastners
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28 Mar
1129.60
(1.66%)
27 Mar
1111.20
(-1.68%)
26 Mar
1130.15
(0.11%)
22 Mar
1128.95
(2.45%)
21 Mar
1102.00
(0.85%)
20 Mar
1092.70
(-1.80%)
19 Mar
1112.70
(-0.15%)
18 Mar
1114.40
(-0.46%)
15 Mar
1119.50
(0.58%)
14 Mar
1113.05
(-1.24%)
13 Mar
1127.00
(-2.50%)
12 Mar
1155.85
(-0.34%)
11 Mar
1159.85
(-1.61%)
07 Mar
1178.85
(-0.25%)
06 Mar
1181.75
(-0.34%)
05 Mar
1185.80
(-0.28%)
04 Mar
1189.15
(0.81%)
02 Mar
1179.65
(-0.39%)
01 Mar
1184.25
(2.89%)
29 Feb
1151.00
(-0.11%)
28 Feb
1152.25
(-2.18%)


Technical Analysis

Short Term Investors

Bearish

Medium Term Investors

Very Bearish

Long Term Investors

Bullish

Moving Averages

5 DMA
Bullish

1120.66


10 DMA
Bullish

1115.61


20 DMA
Bearish

1142.67


50 DMA
Bearish

1173.1


100 DMA
Bearish

1168.95


200 DMA
Bullish

1073.36



Intraday Support and Resistance
(Based on Pivot Points) |

Updated On Mar 28, 2024 04:00 PM For Next Trading Session

Pivots Classic Fibonacci Camarilla Woodie DM
R3 1173.74 1154.47 1138.32 - -
R2 1154.47 1142.36 1135.41 1156.18 -
R1 1142.04 1134.88 1132.51 1145.46 1148.25
P 1122.77 1122.77 1122.77 1124.48 1125.88
S1 1110.34 1110.66 1126.69 1113.76 1116.55
S2 1091.07 1103.18 1123.79 1092.78 -
S3 1078.64 1091.07 1120.88 - -

Key Metrics

EPS

28.14

P/E

40.14

P/B

6.45

Dividend Yield

0.62%

Market Cap

52,593 Cr.

Face Value

2

Book Value

175.21

ROE

6.88%

EBITDA Growth

754.52 Cr.

Debt/Equity

1

Shareholding Pattern

  45.25% Total Promoter Holding
19.84% Mutual Fund Holdings
16.6% FIIs
10.21% Non Institution
5.16% Insurance Companies
0% Custodians
2.94% Other Parties

Shareholding History


Quarterly Result (Figures in Rs. Crores)


Bharat Forge Ltd Quaterly Results


Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
INCOME 3389.95 3686.85 3943.96 3827.18 3924.07
PROFIT 82.51 153.76 223.4 228.49 264.55
EPS 1.78 2.91 4.8 4.88 5.68

Bharat Forge Ltd Quaterly Results


Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
INCOME 1994.13 2036.36 2174.51 2291.76 2297.93
PROFIT 286.04 273.44 311.5 347.54 377.81
EPS 6.21 5.25 6.69 7.43 8.11

Profit & Loss (Figures in Rs. Crores)


Bharat Forge Ltd Profit & Loss


Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
INCOME 7025.03 7783.83 7110.9 6706.29 8626.15 10723.89 8191.36 6524.81 11423.92 13353.16
PROFIT 449.94 730.87 683.34 611.4 817.21 1017.51 374.2 222.28 929.07 476.57
EPS 9.98 15.56 13.79 15.01 16.19 22.18 7.5 -2.73 23.13 10.92

Bharat Forge Ltd Profit & Loss


Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
INCOME 3593.88 4686.88 4447.97 4070.41 5462.81 6807.22 4743.41 3873.39 6622.54 7794.8
PROFIT 388.2 716.14 698.68 558.59 785.2 1054.14 511.47 273.49 963.02 972.16
EPS 8.21 14.68 14.27 12.31 15.19 23.01 10.17 6.7 23.15 22.45

Balance Sheet (Figures in Rs. Crores)

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014
SOURCES OF FUNDS :
Share Capital 93.1393.1393.1393.1393.1393.1346.5746.5746.5746.57
Reserves Total 6,611.16,476.255,320.695,125.315,281.634,557.284,069.83,366.653,397.62,636.67
Equity Share Warrants1.31.31.31.31.31.30000
Total Shareholders Funds6,705.536,570.685,415.125,219.745,376.064,651.714,116.373,413.223,444.172,683.24
Minority Interest36.0756.0831.731.9929.8429.4210.04-4.26017.02
Secured Loans 4,515.323,455.262,726.42,331.331,488.851,191.961,161.751,308.11,060.581,359.47
Unsecured Loans 2,797.922,516.362,544.262,138.022,540.462,065.011,962.322,067.071,485.841,201.84
Total Debt7,313.245,971.625,270.664,469.354,029.313,256.973,124.073,375.172,546.422,561.31
Other Liabilities982.96508.19536.87243.8178.81200.81188.48179.67179.24133.8
Total Liabilities15,037.813,106.5711,254.359,964.889,614.028,138.917,438.966,963.86,169.835,395.37
APPLICATION OF FUNDS :
Gross Block 10,132.438,158.87,675.596,401.975,552.074,939.357,233.16,832.525,698.365,394.46
Less: Accumulated Depreciation3,971.523,288.812,925.622,399.971,927.471,439.643,956.023,698.553,069.682,860.43
Net Block6,160.914,869.994,749.974,0023,624.63,499.713,277.083,133.972,628.682,534.03
Capital Work in Progress701.161,124.76900.111,142.68830.68343.78453.18408.81869.64582.67
Investments 2,568.822,603.762,606.761,618.021,523.661,501.141,191.56885.7495.54801.2
Inventories 3,126.252,710.461,793.941,734.71,844.671,359.891,075.2996.781,033.91,038.58
Sundry Debtors 3,087.462,162.31,409.581,493.852,147.841,937.141,341.071,401.74853.47865.97
Cash and Bank Balance1,039.52603.02472.86575.11475.46304.06336.08449.29681.99422.74
Loans and Advances 698.73547.17460.88401.31530.63595.77644.53683.431,407.151,027.02
Total Current Assets7,951.966,022.934,137.254,204.974,998.64,196.873,396.883,531.253,976.53,354.3
Current Liabilities 2,992.322,071.91,529.951,311.721,626.71,523.021,069.431,060.171,718.581,801.81
Provisions 138.75141.55158.96155.16131.32100.1371.7371.58178.96172.86
Total Current Liabilities & Provisions3,131.072,213.451,688.911,466.881,758.021,623.151,141.171,131.751,902.321,974.67
Net Current Assets4,820.93,809.482,448.342,738.093,240.582,573.722,255.712,399.52,074.181,379.63
Deferred Tax Assets201.03163.01131.03142.02125.31106.0792.9994.4650.952.64
Deferred Tax Liability266.83334.82275.54192.68331.56320.78353.61290.87214.66217.1
Net Deferred Tax-65.8-171.81-144.51-50.66-206.25-214.71-260.62-196.41-163.76-164.46
Other Assets851.8870.4693.68514.76600.73435.28522.05332.22265.54262.31
Total Assets15,037.7913,106.5711,254.359,964.889,6148,138.917,438.956,963.86,169.835,395.37
Contingent Liabilities492.18490.27911.31605.17660.89504.34309.52283.761,408.13762.55
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014
SOURCES OF FUNDS :
Share Capital 93.1393.1393.1393.1393.1393.1346.5746.5746.5746.57
Reserves Total 7,605.577,015.355,854.25,260.645,303.794,519.854,185.363,534.953,449.112,646.74
Equity Share Warrants1.31.31.31.31.31.30000
Total Shareholders Funds7,7007,109.785,948.635,355.075,398.224,614.284,231.933,581.523,495.682,693.31
Secured Loans 1,908.731,706.761,327.791,241.8676.82472.18491.98602.55353.42757.09
Unsecured Loans 2,872.942,417.32,485.742,033.642,512.292,037.571,930.52,065.991,443.981,237.23
Total Debt4,781.674,124.063,813.533,275.443,189.112,509.752,422.482,668.541,797.41,994.32
Other Liabilities75.7456.0746.9964.5825.2134.8356.7282.7525.8130.79
Total Liabilities12,557.4111,289.919,809.158,695.098,612.547,158.866,711.136,332.815,318.894,718.42
APPLICATION OF FUNDS :
Gross Block 5,740.815,398.365,249.614,391.023,880.543,436.975,215.614,860.94,104.633,877.47
Less : Accumulated Depreciation 2,502.822,096.951,790.311,582.961,246.37909.062,8422,583.962,148.541,852.04
Net Block 3,237.993,301.413,459.32,808.062,634.172,527.912,373.612,276.941,956.092,025.43
Capital Work in Progress303.23248.01269.92894.53712.62302.4374.26321.94207.68131.4
Investments 4,279.13,899.553,569.042,352.62,191.92,060.521,771.861,421.251,103.741,340.89
Inventories 1,263.841,111.06874.86757.6760.42538.05426.49366.35537.18508.41
Sundry Debtors 3,243.372,481.051,580.381,654.912,258.361,790.81,379.941,420.16559.47525.21
Cash and Bank Balance402.37382.84280.13444.2369.84187.69278.17374.69591.81251.66
Loans and Advances 723.67577.11426.2343.66478.42550.92596.35544.411,211.87737.65
Total Current Assets5,633.254,552.063,161.563,200.373,867.043,067.472,680.962,705.612,900.332,022.94
Current Liabilities 1,359.91,180.94973.88804977.09864.21614.37560.54733.58696.84
Provisions 76.7781.2396.9487.2979.2388.4348.2448.85159.4104.15
Total Current Liabilities & Provisions1,436.671,262.161,070.81891.291,056.32952.64662.61609.39892.98800.98
Net Current Assets4,196.583,289.92,090.752,309.082,810.722,114.832,018.342,096.212,007.351,221.96
Deferred Tax Assets66.6245.6736.7161.2862.5460.0647.6241.0732.5932.47
Deferred Tax Liability266.63334.46271.29192.34332.75314.52350.91278.04196.51211.57
Net Deferred Tax-200.01-288.79-234.58-131.06-270.21-254.46-303.29-236.97-163.92-179.1
Other Assets740.53839.83654.73461.88533.34407.65476.35453.43207.95177.83
Total Assets12,557.4211,289.919,809.168,695.088,612.547,158.856,711.136,332.85,318.894,718.42
Contingent Liabilities370.52406.66566.09243.05454.7482.32414.55355.641,482.74980.79

Cash Flow (Figures in Rs. Crores)

Net Profit before Tax and Extr...860.38
Depreciation735.59
Interest (Net)269.41
Dividend Received0.51
P/L on Sales of Assets-4.27
P/L on Sales of Invest-143.27
Prov. and W/O (Net)4.48
P/L in Forex-41.29
Total Adjustments (PBT and Ext...887.66
Operating Profit before Workin...1,748.04
Trade and 0ther Receivables-768.76
Inventories-362.3
Trade Payables433.9
Total Adjustments (OP before W...-36.34
Cash Generated from/(used in) ...1,711.7
Direct Taxes Paid-417.23
Total Adjustments(Cash Generat...-417.23
Cash Flow before Extraordinary...1,294.47
Net Cash from Operating Activi...1,294.47
Purchased of Fixed Assets-996.18
Sale of Fixed Assets26.32
Purchase of Investments-11,352.12
Sale of Investments10,981.64
Interest Received16.81
Investment in Group Cos.-11.38
Acquisition of Companies-337.67
Net Cash used in Investing Act...-1,665.58
Proceed from 0ther Long Term B...7,710.17
Of the Long Tem Borrowings-6,828.98
Of Financial Liabilities-36.88
Dividend Paid-325.28
Interest Paid-238.75
Net Cash used in Financing Act...280.27
Net Profit before Tax and Extr...1,382.75
Depreciation425.96
Interest (Net)167.74
Dividend Received0.48
P/L on Sales of Assets-4.56
P/L on Sales of Invest-136.33
Prov. and W/O (Net)5.87
P/L in Forex39.35
Total Adjustments (PBT and Ext...564.03
Operating Profit before Workin...1,946.78
Trade and 0ther Receivables-685.62
Inventories-152.79
Trade Payables245.07
Total Adjustments (OP before W...-763.06
Cash Generated from/(used in) ...1,183.72
Direct Taxes Paid-395.46
Total Adjustments(Cash Generat...-395.46
Cash Flow before Extraordinary...788.26
Net Cash from Operating Activi...788.26
Purchased of Fixed Assets-300.63
Sale of Fixed Assets15.65
Interest Received26.34
Loans to Subsidiaires-384.82
Investment in Group Cos.-476.82
Net Cash used in Investing Act...-596.03
Proceed from 0ther Long Term B...7,157.9
Of the Long Tem Borrowings-6,816.89
Of Financial Liabilities-11.42
Dividend Paid-325.28
Interest Paid-176.58
Net Cash used in Financing Act...-172.28

Company Details

Registered Office
AddressMundhwa,
Pune Cantonment
CityPune
StateMaharashtra
Pin Code411036
Tel. No.91-020-6704 2777/2476
Fax. No.91-020-2682 2163
Emailsecretarial@bharatforge.com
Internethttp://www.bharatforge.com
Registrars
AddressMundhwa
CityPune
StateMaharashtra
Pin Code411036
Tel. No.91-020-6704 2777/2476
Fax. No.91-020-2682 2163
Emailsecretarial@bharatforge.com
Internethttp://www.bharatforge.com
Management
Name Designation
B N KalyaniChairman & Managing Director
G K AgarwalDeputy Managing Director
Amit B KalyaniDeputy Managing Director
P G PawarIndependent Director
B P KalyaniExecutive Director
S E TandaleExecutive Director
Lalita D GupteIndependent Director
P H RavikumarIndependent Director
Vimal BhandariIndependent Director
Kishore SaletoreExecutive Director & CFO
Tejaswini ChaudhariCompany Sec. & Compli. Officer
Dipak ManeIndependent Director
Murali SivaramanIndependent Director