Bharat Forge shares fall 2%, extend decline to the fourth straight day

Shares of Bharat Forge declined by 2 percent to Rs 1,236.10 on July 10, extending downtrend for the fourth straight day. The stock is currently trading on the Nifty Midcap 150 and is down 6 percent over the past 4 days.

Consolidated (Quarterly)

HeadingMar 2024Jun 2024Sep 2024Dec 2024

Mar 2025RevenueRs 4,164.21 CroreRs 4,106.15 CroreRs 3,688.51 CroreRs 3,475.55 Crore

Rs 3,852.60 CroreNet ProfitRs 226.56 CroreRs 173.89 CroreRs 243.88 CroreRs 214.32 Crore

Rs 284.90 CroreEPS5.074.365.234.54

5.92

Consolidated (Annual)

Heading2021202220232024

2025RevenueRs 6,336.26 CroreRs 10,461.08 CroreRs 12,910.26 CroreRs 15,682.07 Crore

Rs 15,122.80 CroreNet ProfitRs -96.99 CroreRs 1,110.08 CroreRs 541.83 CroreRs 904.84 Crore

Rs 916.98 CroreEPS-2.7123.2311.3520.43

20.05BVPS116.98142.32144.78153.88

193.53ROE-2.3316.467.8713.26

10.17Debt to Equity0.850.861.021.05

0.68

Cash Flow

Mar 2025Mar 2024Mar 2023Mar 2022

Mar 2021Operating ActivitiesRs 1,796 CroreRs 1,664 CroreRs 1,294 CroreRs 505 Crore

Rs 1,020 CroreInvesting ActivitiesRs -1,964 CroreRs -666 CroreRs -1,671 CroreRs -690 Crore

Rs -1,511 CroreFinancing ActivitiesRs -569 CroreRs -202 CroreRs 280 CroreRs 310 Crore

Rs 578 CroreOthersRs 43 CroreRs 1 CroreRs 46 CroreRs -14 Crore

Rs 47 CroreNet Cash FlowRs -694 CroreRs 796 CroreRs -49 CroreRs 111 Crore

Rs 134 Crore

Balance Sheet

Mar 2025Mar 2024Mar 2023Mar 2022

Mar 2021Share CapitalRs 95 CroreRs 93 CroreRs 93 CroreRs 93 Crore

Rs 93 CroreReserves & SurplusRs 9,157 CroreRs 7,064 CroreRs 6,612 CroreRs 6,477 Crore

Rs 5,321 CroreCurrent LiabilitiesRs 8,703 CroreRs 9,280 CroreRs 8,276 CroreRs 6,114 Crore

Rs 4,517 CroreOther LiabilitiesRs 2,131 CroreRs 2,911 CroreRs 3,401 CroreRs 2,924 Crore

Rs 3,244 CroreTotal LiabilitiesRs 20,088 CroreRs 19,349 CroreRs 18,384 CroreRs 15,608 Crore

Rs 13,177 CroreFixed AssetsRs 8,095 CroreRs 7,004 CroreRs 6,566 CroreRs 5,944 Crore

Rs 5,617 CroreCurrent AssetsRs 10,232 CroreRs 10,015 CroreRs 9,002 CroreRs 7,930 Crore

Rs 6,214 CroreOther AssetsRs 1,760 CroreRs 2,328 CroreRs 2,815 CroreRs 1,733 Crore

Rs 1,345 CroreTotal AssetsRs 20,088 CroreRs 19,349 CroreRs 18,384 CroreRs 15,608 Crore

Rs 13,177 CroreContingent LiabilitiesRs 0 CroreRs 1,953 CroreRs 1,085 CroreRs 1,201 Crore

Rs 1,323 Crore

Financial Ratios (Consolidated)

RatioMar 2025Mar 2024Mar 2023Mar 2022

Mar 2021Basic EPS (Rs.)20.0520.4311.3523.23

-2.71Diluted Eps (Rs.)20.0520.4311.3523.23

-2.71Book Value /Share (Rs.)193.53153.88144.78142.32

116.98Dividend/Share (Rs.)8.509.007.007.00

2.00Face Value2222

2Gross Profit Margin (%)19.2217.7615.0221.14

16.26Operating Margin (%)13.4512.359.3314.16

6.60Net Profit Margin (%)6.065.764.1910.61

-1.53Return on Networth (%)10.1713.267.8716.46

-2.33ROCE (%)17.8619.2311.9215.60

4.83Return On Assets (%)4.684.912.876.93

-0.95Current Ratio (X)1.181.081.091.30

1.38Quick Ratio (X)0.760.730.710.85

0.98Debt to Equity (x)0.681.051.020.86

0.85Interest Coverage Ratios (X)6.965.676.5013.79

3.88Asset Turnover Ratio (%)0.770.830.510.48

48.08Inventory Turnover Ratio (X)1.902.251.691.82

3.533 Yr CAGR Sales (%)20.2357.3226.591.54

-12.933 Yr CAGR Net Profit (%)-9.11205.4417.553.12

-64.14P/E (x)58.3155.2967.8830.16

-219.91P/B (x)6.037.335.354.97

5.13EV/EBITDA (x)20.8920.9721.4917.09

30.95P/S (x)3.693.352.783.12

4.38