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Home >> Country >> India >> Company

Company Name : Bharat Forge

Y/E Mar, Rs mn	FY11	FY12	FY13	FY14E	FY15E
Price					752
Target					745
Reco					BUY
Net Sales	49,989	61,795	56,343	66,435	69,505
Growth (%)		24	-9	18	5
EBIDTA	7,852	9,964	7,694	10,271	12,329
EBITDA Margin		16	14	15	18
Net Profit	2,979	4,130	2,278	4,179	6,060
Growth (%)		39	-45	83	45
EPS, Rs	13	18	10	18	26
PER, x	58.8	42.4	76.9	41.9	28.9
EV/EBIDTA, x	24	19	25	19	15
P/BV, x	9	8	8	7	6
ROE, %	15	19	10	16	20
Total debt/Equity (%)	64.6	77.9	81.6	66.4	43.4

Latest Reports
Date	Description	Country	Analyst	Download

08-May-2024	Bharat Forge (BHFC IN) : Defence orders and execution now ramping up - BUY (Maintained)	India	Saksham Kaushal
12-Feb-2024	Bharat Forge (BHFC IN) : Near term growth moderation was expected & is temporary - BUY (Maintained)	India	Saksham Kaushal
06-Nov-2023	Bharat Forge (BHFC IN) : Bharat Forge (BHFC IN) - BUY (Maintained)	India	Saksham Kaushal
09-Aug-2023	Bharat Forge (BHFC IN) : Medium term visibility improves as newer verticals take off - BUY (Maintain)	India	Saksham Kaushal
07-May-2023	Bharat Forge (BHFC IN) : Margins impacted due to one-offs - BUY (Maintain)	India	Saksham Kaushal
14-Feb-2023	Bharat Forge (BHFC IN) - Q3FY23 update - New order wins encouraging - Maintain Buy	India	Saksham Kaushal
11-Dec-2022	Bharat Forge (BHFC IN) - Company Update - Investor meet takeaways – New verticals developing - Maintain Buy	India	Saksham Kaushal
14-Nov-2022	Bharat Forge (BHFC IN) - Q2FY23 update - Decent quarter despite margin headwinds - Maintain Buy	India	Saksham Kaushal
11-Aug-2022	Bharat Forge (BHFC IN) - Q1FY23 update - Favorable mix boosts performance - Maintain Buy	India	Saksham Kaushal
16-May-2022	Bharat Forge (BHFC IN) - Q4FY22 update - Decent quarter, enough headroom for growth - Maintain Buy	India	Saksham Kaushal
11-Feb-2022	Bharat Forge (BHFC IN) - Q3FY22 update - End markets poised to deliver - Maintain Buy	India	Saksham Kaushal
14-Nov-2021	Bharat Forge (BHFC IN) - Q2FY22 update - Improving end markets bode well - Maintain Buy	India	Saksham Kaushal
13-Aug-2021	Bharat Forge (BHFC IN) - Q1FY22 update - Pressing on - Maintain Bu	India	Saksham Kaushal
07-Jun-2021	Bharat Forge (BHFC IN) - Q4FY21 update - Strong performance, more to come - Maintain Buy	India	Saksham Kaushal
14-Feb-2021	Bharat Forge (BHFC IN) - Q3FY21 update - Operational improvement to continue - Maintain Buy	India	Saksham Kaushal
12-Nov-2020	Bharat Forge (BHFC IN) - Q2FY21 update - Holding steady - Maintain Buy	India	Saksham Kaushal
13-Aug-2020	Bharat Forge (BHFC IN) - Q1FY21 update - Things beginning to look up - Upgrade to Buy	India	Saksham Kaushal
30-Jun-2020	Bharat Forge (BHFC IN) - Q4FY20 update - Near term challenges to weigh heavily - Maintain Neutral	India	Saksham Kaushal
10-Feb-2020	Bharat Forge (BHFC IN) - Q3FY20 - Weak end markets to weigh on performance -	India	Saksham Kaushal
11-Nov-2019	Bharat Forge (BHFC IN) - Bottom Not Yet Found Maintain Neutral	India	Saksham Kaushal
14-Aug-2019	Bharat Forge (BHFC IN) Disappointing quarter, weakness to continue	India	Saksham Kaushal
21-May-2019	Bharat Forge (Neutral; TP: Rs 548): Demand outlook subdued	India	Saksham Kaushal

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