Bharat Forge Key Ratios
NSE: BHARATFORG | BSE: 500493
₹2,050.00
As on 27-Aug-2026 15:56IST
Market cap
₹97,535 Cr
Revenue (TTM)
₹17,543 Cr
P/E Ratio
138.1
P/B Ratio
10.3
Div. Yield
0.4 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 2.47 | 18.71 | 17.54 | 7.97 | 19.20 |
| EBIT | -14.71 | -0.14 | 12.08 | 18.53 | 23.31 |
| Net Profit | -329.00 | -334.90 | -78.17 | -28.78 | -16.82 |
| EPS | -138.58 | -131.63 | -31.34 | 5.40 | 35.05 |
| Book Value | -- | -- | 3.53 | 11.61 | 11.46 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 22.32 | 10.64 | 11.14 | 11.44 | 11.53 |
| Net Margin
| 13.24 | 6.39 | 4.13 | 6.39 | 5.93 |
| Return on equity
| 12.84 | 12.30 | 2.36 | 11.58 | 11.14 |
| Return on Capital
| 14.01 | 12.20 | -- | 12.46 | 12.43 |
| Return on Assets
| 7.52 | 5.06 | 3.46 | 5.19 | 4.67 |
| Debt to Equity (x)
| -- | -- | 0.19 | 0.72 | 0.68 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
--
|
12.46
|
12.43
|
13.75
|
8.75
|
|
Peer Median
|
--
|
15.89
|
14.95
|
15.81
|
--
|
ROE
2.36
Lower than Peers by 10.70
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
2.36
|
11.58
|
11.14
|
13.13
|
7.66
|
|
Peer Median
|
13.06
|
14.57
|
13.71
|
14.59
|
--
|
ROA
3.46
Lower than Peers by 4.65
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
3.46
|
5.19
|
4.67
|
4.86
|
3.01
|
|
Peer Median
|
8.11
|
7.56
|
7.36
|
7.16
|
--
|
EBIT Margin
11.14
Higher than Peers by 2.17
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
11.14
|
11.44
|
11.53
|
10.90
|
7.49
|
|
Peer Median
|
8.98
|
9.16
|
8.78
|
8.06
|
--
|
Net Margin
4.13
Lower than Peers by 2.76
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
4.13
|
6.39
|
5.93
|
5.72
|
3.87
|
|
Peer Median
|
6.89
|
6.49
|
6.05
|
5.99
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
--
|
12.32
|
11.69
|
11.12
|
9.61
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
17.54
Higher than Peers by 7.57
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
17.54
|
11.17
|
-3.57
|
21.47
|
23.41
|
|
Peer Median
|
9.97
|
17.58
|
10.70
|
9.28
|
--
|
EBIT Growth
12.08
Higher than Peers by 0.55
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
12.08
|
10.27
|
1.97
|
76.90
|
-21.91
|
|
Peer Median
|
11.53
|
17.88
|
16.60
|
12.38
|
--
|
Net Profit Growth
-78.17
Lower than Peers by 92.62
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
-78.17
|
19.28
|
0.34
|
79.03
|
-52.80
|
|
Peer Median
|
14.45
|
13.62
|
17.23
|
16.60
|
--
|
EPS Growth
-31.34
Lower than Peers by 42.54
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
-31.34
|
14.72
|
-3.64
|
80.01
|
-51.16
|
|
Peer Median
|
11.20
|
12.19
|
14.59
|
12.90
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
--
|
3.53
|
29.10
|
6.80
|
2.02
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.19
Higher than Peers by 0.15
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
0.19
|
0.72
|
0.68
|
1.04
|
1.01
|
|
Peer Median
|
0.04
|
0.25
|
0.20
|
0.26
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
--
|
0.50
|
0.46
|
0.70
|
0.65
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.17
Lower than Peers by 0.49
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
1.17
|
1.17
|
1.18
|
1.08
|
1.09
|
|
Peer Median
|
1.66
|
1.60
|
1.65
|
1.50
|
--
|
Quick Ratio
0.75
Lower than Peers by 0.43
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
0.75
|
0.75
|
0.76
|
0.73
|
0.71
|
|
Peer Median
|
1.18
|
1.06
|
1.11
|
1.09
|
--
|
Interest Coverage
4.98
Lower than Peers by 6.31
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
4.98
|
6.16
|
4.49
|
3.90
|
3.77
|
|
Peer Median
|
11.29
|
9.68
|
9.86
|
10.04
|
--
|
Operating Efficiency
Debtors to sales
22.29
Higher than Peers by 5.38
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
22.29
|
23.26
|
19.17
|
20.20
|
23.91
|
|
Peer Median
|
16.91
|
17.05
|
16.73
|
17.94
|
--
|
Asset Turnover
0.83
Lower than Peers by 0.23
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
0.83
|
0.80
|
0.78
|
0.85
|
0.77
|
|
Peer Median
|
1.06
|
1.13
|
1.06
|
1.13
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
--
|
74.33
|
72.43
|
72.16
|
74.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
--
|
83.30
|
81.12
|
73.17
|
82.29
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
--
|
128.40
|
127.48
|
109.15
|
115.80
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
--
|
29.22
|
26.07
|
36.19
|
40.50
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
138.10
Higher than Peers by 102.76
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
138.10
|
74.22
|
59.27
|
55.29
|
67.86
|
|
Peer Median
|
35.34
|
35.44
|
30.10
|
31.45
|
--
|
Price / Book Value
10.28
Higher than Peers by 5.83
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
10.28
|
8.38
|
6.04
|
7.35
|
5.35
|
|
Peer Median
|
4.45
|
4.24
|
3.44
|
3.71
|
--
|
Dividend Yield
0.42
Higher than Peers by 0.03
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
0.42
|
0.51
|
0.73
|
0.80
|
0.91
|
|
Peer Median
|
0.39
|
0.38
|
0.50
|
0.46
|
--
|
EV/EBITDA
32.63
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
32.63
|
27.52
|
20.89
|
20.92
|
21.45
|
|
Peer Median
|
--
|
25.82
|
21.48
|
24.61
|
--
|
Market Cap
97,535
Higher than Peers by 92,772
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Forge
|
97,535
|
80,131
|
55,787
|
52,587
|
35,856
|
|
Peer Median
|
4,763
|
3,551
|
2,631
|
1,798
|
--
|