Sharekhan

Bharat Forge Ltd

Wed 30/04/2025,15:59:15 | NSE : BHARATFORG

₹ 1104.20-29.80 (-2.63%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 1135.00

Previous Close

₹ 1134.00

Volume

1270756

Mkt Cap ( Rs. Cr)

₹52790.55

High

₹ 1135.00

Low

₹ 1098.00

52 Week High

₹ 1804.50

52 Week Low

₹ 919.10

Book Value Per Share

₹ 152.26

Dividend Yield

0.81

Face Value

₹ 2.00

What’s Your Call?

Collective community sentiment on Bharat Forge Ltd

Your Vote -

Buy

71.84%

Hold

17.87%

Sell

10.29%

71.84%

1438 users have voted

Market Depth

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Buy Order Quantity

0%

Sell Order Quantity

100%

Bid Price

Qty

0.00

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Bid Total

0

Bid Price

Qty

1104.20

1233

0.00

0

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Bid Total

1233

Option Chain

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News

Media spotlight triggers stock stock attention, sentiment.

  • Bharat Forge - Board Meeting Intimation

    28 Apr 2025, 5:58PM BHARAT FORGE LIMITED has informed the Exchange about Board Meeting to be held on 08-May-2025 to consider and approve the Yearly Audited Financial resu
  • Bharat Forge - Board Meeting Intimation for Audited Results And Declaration Of Final Dividend

    28 Apr 2025, 5:49PM Bharat Forge Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/05/2025 ,inter alia, to consider and app
  • Bharat Forge - Updates

    23 Apr 2025, 2:26PM Bharat Forge Limited has informed the Exchange regarding Update on the Acquisition communicated to the Stock Exchanges on October 17, 2024.
  • Bharat Forge - Announcement under Regulation 30 (LODR)-Updates on Acquisition

    23 Apr 2025, 2:22PM Update on the Acquisition communicated to the Stock Exchanges on October 17, 2024
  • CCI approves Bharat Forge's Acquisition of AAM India with voluntary modifications

    22 Apr 2025, 9:47PM The Competition Commission of India (CCI) has approved Bharat Forge Ltd’s proposed acquisition of AAM India Manufacturing Corporation Pvt Ltd, f
  • Bharat Forge has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    18 Apr 2025, 11:50AM As of March 2025, 44.07% is owned by Indian Promoters and 55.93% by Public. <p align=justify> Institutional holds 46.43% (Insurance Companies 7.99%) a
  • Bharat Forge - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    4 Apr 2025, 10:05AM Bharat Forge Limited has informed the Exchange about Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
  • Bharat Forge - General Updates

    1 Apr 2025, 9:30AM Bharat Forge Limited has informed the Exchange about conversion of the loan provided to Bharat Forge America, Inc. into equity.
  • Bharat Forge - Announcement under Regulation 30 (LODR)-Updates on Acquisition

    1 Apr 2025, 9:18AM Updates on conversion of the loan provided to Bharat Forge America, Inc. into equity.
  • Bharat Forge - Announcement under Regulation 30 (LODR)-Joint Venture

    27 Mar 2025, 3:23PM Intimation regarding signing of Joint Venture Agreement by Kalyani Strategic Systems Limited, a wholly owned subsidiary of the company.
  • Bharat Forge - Agreements

    27 Mar 2025, 3:15PM Bharat Forge Limited has informed the Exchange about Joint Venture Agreement
  • Bharat Forge bags Rs 6900 Cr Defence Contract for Indigenous ATAGS Artillery Systems

    27 Mar 2025, 11:47AM Bharat Forge Limited has signed the largest domestic defence contract with the Ministry of Defence (MoD) for the supply of 184 Advanced Towed Artiller
  • Bharat Forge - Press Release

    27 Mar 2025, 11:24AM Bharat Forge Limited has informed the Exchange regarding a press release dated March 27, 2025, titled ""Bharat Forge has informed about the Press Rele
  • Bharat Forge - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    27 Mar 2025, 11:18AM Press Release
  • Bharat Forge - Trading Window-XBRL

    26 Mar 2025, 2:28PM Bharat Forge Limited has informed the Exchange about Closure of Trading Window
  • Bharat Forge - Trading Window

    26 Mar 2025, 2:25PM Bharat Forge Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 201
  • Bharat Forge - Updates

    25 Mar 2025, 5:35PM Bharat Forge Limited has informed the Exchange regarding 'Analyst / Investor Meet'.
  • Bharat Forge - Analyst/Investor Meet

    25 Mar 2025, 5:27PM Analyst/Investor Meet
  • Bharat Forge - News Verification

    20 Mar 2025, 3:17PM The Exchange has sought clarification from Bharat Forge Limited with respect to recent news item captioned Bharat Forge set to acquire AAM India s axl
  • Bharat Forge - News Verification

    20 Mar 2025, 12:45PM The Exchange has sought clarification from Bharat Forge Limited with respect to recent news item captioned Bharat Forge set to acquire AAM India s axl
  • Bharat Forge - Rumour verification - Regulation 30(11)

    20 Mar 2025, 3:06PM Response to query raised by Exchange.
  • Bharat Forge - Clarification sought from Bharat Forge Ltd

    20 Mar 2025, 12:42PM The Exchange has sought clarification from Bharat Forge Ltd on March 20, 2025, with reference to news appeared in www.thehindubusinessline.com dated M
  • Bharat Forge - General Updates

    18 Mar 2025, 4:25PM Bharat Forge Limited has informed the Exchange about Imposition Of Fine Under SEBI Listing Regulations
  • Bharat Forge - Announcement Under Regulation 30 - Imposition Of Fine Under SEBI Listing Regulations

    18 Mar 2025, 4:19PM Imposition of fine under SEBI Listing Regulations
  • Bharat Forge - Credit Rating

    12 Mar 2025, 6:16PM Bharat Forge Limited has informed the Exchange about Credit Rating
  • Bharat Forge - Announcement under Regulation 30 (LODR)-Credit Rating

    12 Mar 2025, 6:09PM Intimation of Credit Ratings
  • Bharat Forge - Press Release

    6 Mar 2025, 10:50AM Bharat Forge Limited has informed the Exchange regarding a press release dated March 06, 2025, titled ""Kalyani Powertrain partners with Taiwan's Comp
  • Bharat Forge - Updates

    28 Feb 2025, 10:28PM Bharat Forge Limited has informed the Exchange regarding 'Updates on Acquisition in Sunsure Solarpark Twenty Eight Private Limited'.
  • Bharat Forge - Announcement under Regulation 30 (LODR)-Updates on Acquisition

    28 Feb 2025, 10:21PM Updates on Acquisition in Sunsure Solarpark Twenty Eight Private Limited
  • Bharat Forge - Updates

    25 Feb 2025, 5:37PM Bharat Forge Limited has informed the Exchange regarding 'Schedule of Analyst/Investor Meet'.
  • Bharat Forge - Schedule Of Analyst/Investor Meet

    25 Feb 2025, 5:28PM Schedule of Analyst/Investor Meet
  • Bharat Forge - Press Release

    24 Feb 2025, 2:21PM Bharat Forge Limited has informed the Exchange regarding a press release dated February 24, 2025.
  • Bharat Forge - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    24 Feb 2025, 2:14PM Press Release made by Kalyani Powertrain Limited, Wholly owned Subsidiary of the Company.
  • Bharat Forge - Press Release

    20 Feb 2025, 5:19PM Bharat Forge Limited has informed the Exchange regarding a press release dated February 20, 2025.
  • Bharat Forge - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    20 Feb 2025, 5:21PM Press Release made by the Company.
  • Bharat Forge - Press Release

    19 Feb 2025, 3:44PM Bharat Forge Limited has informed the Exchange regarding a press release dated February 19, 2025.
  • Bharat Forge - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    19 Feb 2025, 3:41PM Press Release made by the Company
  • Bharat Forge - Press Release

    17 Feb 2025, 5:59PM Bharat Forge Limited has informed the Exchange regarding a press release dated February 17, 2025.
  • Bharat Forge - Shareholders meeting

    17 Feb 2025, 4:27PM Bharat Forge Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
  • Bharat Forge - Shareholders meeting

    17 Feb 2025, 4:26PM Bharat Forge Limited has informed the Exchange regarding voting results of Postal Ballot
  • Bharat Forge - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    17 Feb 2025, 5:56PM Press Release made by the Company
  • Bharat Forge - Shareholder Meeting / Postal Ballot-Scrutinizer\s Report

    17 Feb 2025, 4:19PM Outcome / Voting Results of Postal Ballot along with the Scrutinizer's Report.
  • Bharat Forge - Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

    17 Feb 2025, 4:16PM Outcome / Voting Results of the Postal Ballot.
  • Bharat Forge - Updates

    14 Feb 2025, 5:44PM Bharat Forge Limited has informed the Exchange regarding 'Announcement under Regulation 30 (LODR)-Earnings Call Transcript'.
  • Bharat Forge - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    14 Feb 2025, 5:40PM Earnings Call Transcript
  • Bharat Forge has declared 125% Interim dividend for the financial year March 2025

    14 Feb 2025, 7:04AM Bharat Forge Ltd. on Wednesday, 12 February 2025, has announced Interim dividend of 125 percent on Equity Share, to its shareholders holding shares on
  • Bharat Forge - Updates

    13 Feb 2025, 7:42PM Bharat Forge Limited has informed the Exchange regarding 'Intimation Under Regulation 30 - Communication Sent To Shareholders Regarding TDS On Dividen
  • Bharat Forge - Intimation Under Regulation 30 - Communication Sent To Shareholders Regarding TDS On Dividend

    13 Feb 2025, 7:39PM Intimation sent to shareholders regarding TDS on Dividend
  • Bharat Forge - Integrated Filing- Financial

    13 Feb 2025, 3:46PM Integrated Filing (Financial)
  • Bharat Forge - Monitoring Agency Report

    13 Feb 2025, 2:29PM Disclosure With Regards To Report Of The Monitoring Agency For The Quarter Ended December 31, 2024.
  • Bharat Forge - Integrated Filing (Financial)

    13 Feb 2025, 3:42PM Integrated Filing (Financial)
  • Bharat Forge - Disclosure With Regards To Report Of The Monitoring Agency For The Quarter Ended December 31, 2024.

    13 Feb 2025, 2:11PM Report of the Monitoring Agency for the quarter ended December 31, 2024.
  • Bharat Forge - The Company Fixes Record Date For Interim Dividend

    13 Feb 2025, 9:18AM Record Date
  • Bharat Forge - Updates

    12 Feb 2025, 7:43PM Bharat Forge Limited has informed the Exchange regarding 'Intimation of Analyst / Institutional Investor Meeting'.
  • Bharat Forge - Intimation Of Analyst / Institutional Investor Meeting

    12 Feb 2025, 7:37PM Intimation of Analyst / Institutional Investor Meeting
  • Bharat Forge Q3 net profit down 8.41% at Rs 346.04 cr

    12 Feb 2025, 7:20PM The company reported standalone net profit of Rs 346.04 crore for the quarter ended December 31, 2024 as compared to Rs 377.81 crore in the same perio
  • Bharat Forge - Analysts/Institutional Investor Meet/Con. Call Updates

    12 Feb 2025, 5:58PM Bharat Forge Limited has informed the Exchange about Link of Recording
  • Bharat Forge - Outcome of Board Meeting-XBRL

    12 Feb 2025, 5:30PM BHARAT FORGE LIMITED has informed the Exchange regarding Outcome of Board Meeting held on 12-Feb-2025 for Dividend
  • Bharat Forge - Press Release

    12 Feb 2025, 4:53PM Bharat Forge Limited has informed the Exchange regarding a press release dated February 12, 2025, titled ""Bharat Forge and VEDA Aeronautics (P) Ltd.
  • Bharat Forge - Press Release

    12 Feb 2025, 4:49PM Bharat Forge Limited has informed the Exchange regarding a press release dated February 12, 2025, titled ""Bharat Forge and Liebherr collaborate on ad
  • Bharat Forge - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    12 Feb 2025, 4:49PM Press Release titled \ Bharat Forge and VEDA Aeronautics P Ltd collaborate to participate in Make in India Program for Unmanned Systems
  • Bharat Forge - Updates

    12 Feb 2025, 4:25PM Bharat Forge Limited has informed the Exchange regarding 'Investor Presentation'.
  • Bharat Forge - Financial Result Updates

    12 Feb 2025, 4:20PM Bharat Forge Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.
  • Bharat Forge - Record Date

    12 Feb 2025, 4:19PM Bharat Forge Limited has informed the Exchange that Record date for the purpose of Dividend is 18-Feb-2025.
  • Bharat Forge - General Updates

    12 Feb 2025, 4:16PM Bharat Forge Limited has informed the Exchange about declaration of interim dividend
  • Bharat Forge - Dividend

    12 Feb 2025, 4:11PM Bharat Forge Limited has informed the Exchange about the outcome of the meeting of Board of Directors held on February 12, 2025.
  • Bharat Forge - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    12 Feb 2025, 5:56PM Audio Recording of Investor Call
  • Bharat Forge - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    12 Feb 2025, 4:46PM Press Release titled \ Bharat Forge and Liebherr collaborate on advanced aerospace manufacturing.\
  • Bharat Forge - Earnings Update For Q3 FY 2024-25

    12 Feb 2025, 4:24PM Earnings Update for Q3 FY 2024-25
  • Bharat Forge - Corporate Action-Board approves Dividend

    12 Feb 2025, 4:14PM The Board of the Company approves an Interim Dividend.
  • Bharat Forge - Board Meeting Outcome for Outcome Of The Board Meeting Dated February 12, 2025

    12 Feb 2025, 4:12PM Outcome of the Board Meeting dated February 12, 2025
  • Bharat Forge - Press Release

    11 Feb 2025, 12:32PM Bharat Forge Limited has informed the Exchange regarding a press release dated February 11, 2025, titled ""KSSL and L3 Harris sign MOU to collaborate
  • Bharat Forge - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    11 Feb 2025, 12:28PM Press Release made by the Company titled \KSSL and L3Harris sign MOU to Collaborate on Advanced Technology in India\
  • Bharat Forge - Board Meeting Intimation

    7 Feb 2025, 3:49PM BHARAT FORGE LIMITED has informed the Exchange about Board Meeting to be held on 12-Feb-2025 to consider Dividend.
  • Bharat Forge - Update on board meeting

    7 Feb 2025, 3:43PM BHARAT FORGE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/02/2025 ,inter alia, to consider and ap
  • Bharat Forge - Updates

    7 Feb 2025, 12:54PM Bharat Forge Limited has informed the Exchange regarding 'Announcement Under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation'.
  • Bharat Forge - Announcement Under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    7 Feb 2025, 12:52PM Intimation of Analyst / Investor Conference Call
  • Bharat Forge - Loss/Duplicate-Share Certificate-XBRL

    3 Feb 2025, 4:03PM BHARAT FORGE LIMITED has informed the Exchange about Issue of duplicate share certificates/Letter of Confirmation
  • Bharat Forge - Issue of Duplicate Share Certificate

    3 Feb 2025, 4:01PM Bharat Forge Limited has informed the Exchange about Issue of Duplicate Share Certificate
  • Bharat Forge

    3 Apr 2025 , 9:47AM North America Class 8 truck orders fall to a seven-month low of 15,700 units, a decline of 14% y-o-y and 8% m-o-m. Negative
  • Bharat Forge

    28 Mar 2025 , 11:49AM Kalyani Strategic Systems has entered into a joint venture agreement with Duma Engineering Group S.L. for solutions relating to defence products to address Indian, European and certain other export markets.
  • Bharat Forge

    27 Mar 2025 , 8:52AM The Ministry of Defence signed contract worth Rs 6,900 crore with Bharat Forge Ltd and Tata advanced systems for acquiring advanced towed artillery gun systems and high mobility vehicles. The ministry's total contract size has risen to Rs 1.4 lakh crore so far in the current financial year. This contract would be first major procurement of towed guns from the private sector by the Indian Army, the procurement will provide a boost to the Indian gun manufacturing industry and the indigenous defence manufacturing ecosystem. Positive
  • Bharat Forge

    20 Mar 2025 , 9:44AM The Cabinet Committee on Security has approved a Rs 7,000 crore deal to acquire advanced towed artillery gun systems (ATAGS) for the army. Bharat Forge will manufacture 60% of the guns after it emerged as the L-1 (lowest bidder), while Tata will produce the remaining 40%. Positive
  • Bharat Forge arm Kalyani Powertrain partners with Taiwan

    6 Mar 2025 , 11:15AM Bharat Forge's arm Kalyani Powertrain partners with Taiwan's Compal Electronics to manufacture servers in India
  • Bharat Forge arm Kalyani Powertrain collaborates with AMD

    24 Feb 2025 , 2:33PM Electronics division of Kalyani Powertrain collaborates with AMD to Strengthen India's Server Ecosystem
  • Bharat Forge arm inks deal to supply artillery cannons to US

    20 Feb 2025 , 11:10AM Kalyani Strategic Systems Ltd (KSSL) and AM General sign landmark LoI for supply of Cannons to the US
  • Bharat Forge

    20 Feb 2025 , 8:58AM Kalyani Strategic Systems, a subsidiary of Bharat Forge, has signed a Letter of Intent (LOI) with US-based AM General for supplying advanced artillery cannons. This is the first-ever artillery cannon export deal between an Indian company and the United States.
  • Bharat Forge arm & L3Harris sign MoU for advanced defence & security equipment

    11 Feb 2025 , 1:51PM The MOU provides L3Harris with a strong, local partner to support tactical communications network development in India
  • Bharat Forge

    31 Dec 2024 , 10:10AM Bharat Forge (BFL) : BFL has completed acquisition of 25% stake in Edgelab S.p.A. (“Edgelab”) at ~ Rs 22.2 cr.
  • Bharat Forge

    26 Dec 2024 , 9:55AM BFL has decided to. Invest Euro 39 million (Rs 345.58 crores) in its wholly owned subsidiary Bharat Forge Global Holding GmbH (BFGH) - in line with its earlier plan.
  • Bharat Forge

    24 Dec 2024 , 12:14PM BFL has approved fund infusion of $ 64.50 million in its wholly owned subsidiary Bharat Forge America Inc., (“BFA”)
  • Bharat Forge

    16 Dec 2024 , 1:02PM Kalyani Strategic Systems Limited (KSSL), a wholly owned subsidiary BFL has entered into a Cornerstone Investment Agreement with Edgelab S.p.A, Italy (Edgelab) for the acquisition of 25% of Edgelab’s equity share capital, pursuant to its proposed IPO at Euro 2.5 mn ( Rs 22.25 cr) valuing Edgelab at Euro 10 mn (Rs 89 cr) with an implied valuation of 5.26x it's CY23 sales (of Euro 1.9 mn (Rs 16.8 cr)). Edgelab is an innovative SME and Edgelab specializes in design and manufacture of Autonomous Underwater Vehicles for both civilian purposes and defense applications.
  • Bharat Forge

    10 Dec 2024 , 12:00PM BFL has raised Rs 1650 cr via QIP and approved an allotment of 1.25 cr shares to eligible subscribers at Rs 1320 per share.
  • Bharat Forge

    17 Oct 2024 , 2:42PM BFL has entered into a share purchase agreement for the acquisition of 100% shareholding in AAM India Manufacturing Corporation Private Limited (AAMIMCPL) e at enterprise valuation of Rs 544.53 Crore, a leading manufacturer of axles for light, medium and heavy commercial vehicles in India. The scope of the transaction includes AAMIMCPL’s CV Axle business with its manufacturing assets in Pune and Chennai, India along with the Pune Engineering & Development Centre
  • Bharat Forge

    1 Aug 2024 , 9:35AM Kalyani Strategic Systems Limited (BFL’s wholly owned subsidiary) has been granted defence license by the department for promotion of industry & internal Trade for manufacture of various defence products at its Jejuri unit.This will allow the company to participate in future defence program. Positive read through
  • Bharat Forge

    19 Jun 2024 , 11:20AM The company makes an additional investment of $40 million in Bharat Forge America.
  • Bharat Forge

    14 Mar 2024 , 11:27AM To raise Rs 125 cr via NCDs on private placement basis and Rs 375 cr via unsecured term loan.
  • Bharat Forge

    6 Mar 2024 , 12:23PM The company had made an investment of Rs 179.9 crore in its unit, Bharat Forge Global Holding.
  • Bharat Forge

    23 Feb 2024 , 11:24AM BFL has decided to invest Rs 133 cr in its Germany based wholly owned subsidiary - Bharat Forge Global Holding GmbH (BFGH). BFGH is engaged in aluminium component business.
  • Viewpoint: Bharat Forge

    13 Feb 2024 , 3:27PM Viewpoint- Bharat Forge Ltd In line Q3, diversification to help in sail
  • Bharat Forge

    30 Jan 2024 , 1:04PM BFL has approved an additional investment of Rs 46 cr in its subsidiary KPTL . KPTL has been engaged in EV related business.
  • Bharat Forge enters into MoU with Tamil Nadu Government

    9 Jan 2024 , 12:10PM Bharat Forge enters into MoU with Tamil Nadu Government for investment of up to Rs. 1,000 cr
  • Bharat Forge

    8 Dec 2023 , 12:01PM BFL’s wholly owned subsidiary Kalyani Strategic Systems Limited ( KSSL) has proposed to acquire a 51%stake in Zorya Mashproekt India Private Limited (ZMI). ZMI is a startup and is engaged in business of development of indigenous capabilities for build ups and repair and overhaul of all types of gas turbine engine. This will help the company to create indigenous capabilities for design, manufacturing, maintenance repair and overhaul including spare support for all types of gas turbines.
  • View point Bharat Forge Ltd Q2FY24 result

    7 Nov 2023 , 12:27PM View point Bharat Forge Ltd Q2FY24 result : Positive On Diversification
  • Bharat Forge

    2 Nov 2023 , 11:50AM BFL has decided to invest additional Rs 33 cr in its wholly owned subsidiary Kalyani Powertrain Limited, wholly owned subsidiary (KPTL). KPTL is engaged in the EV and e-mobility solutions space.
  • Bharat Forge

    15 Sep 2023 , 11:05AM Paramount a UAE based global aerospace and technology group has extended its association with Bharat Forge and announced a development and manufacturing partnership with Bharat Forge Ltd and Kalyani Strategic Systems (KSSL),to produce a wider range of armoured vehicles (4x4 and 6x6 Infantry Combat Vehicles) in India for Paramount’s global customers. Further the company has also decided to invest Rs 50 cr in its subsidiary Kalyani Power train Ltd (KPTL), which is engaged into EV related business. Positive read through.
  • New Viewpoint Idea : Bharat Forge

    13 Sep 2023 , 11:11AM New Viewpoint Idea : Bharat Forge : Building a strong defence
  • Bharat Forge

    21 Aug 2023 , 12:32PM Kalyani Strategic Systems Limited, a wholly owned defence subsidiary of Bharat Forge, has bagged two export orders aggregating to Euro 93.87 million (~Rs 850 Crores) from friendly countries for supply of components and armoured vehicle chassis to be executed over a 18 months’ timeframe. Positive read Through.
  • Kalyani Strategic Systems secures order worth Rs 850 cr

    21 Aug 2023 , 11:41AM Bharat Forge bags two export orders aggregating to EURO 93.87 million (Rs. 850 Crores) from friendly countries
  • Bharat Forge

    10 Aug 2023 , 10:14AM Bharat Forge (BFL) :positive outlook
  • Bharat Forge

    17 Mar 2023 , 11:10AM Defence acquisition council (DAC) has given an Acceptance of Necessity (AON) for 155mm/52 caliber advanced towed artillery gun system (ATAGS) along with high mobility vehicles and Gun towing vehicles. Bharat forge has capability to manufacture 155 mm/52 caliber guns and has been expecting order for guns from Defence department. It has already received an export order of USD 155 mn for ATAGS. (directionally positive for Bharat Forge, stock is not in our coverage).
  • Bharat Forge

    9 Mar 2023 , 10:50AM BFL's subsidiary Kalyani Power Train has inaugurated an electric motorbike assembly plant at Chakan. As a contract manufacturer ,the company would assemble electric bikes for Tork Motors at this new plant. The facility has a production capacity of 60,000 units per annum and scalable to 100,000 units per annum. Kalyani Power train holds 64.29% stake in Tork Motors.
  • Bharat Forge

    24 Feb 2023 , 10:06AM BFL has approved the transfer of its stake in Aeron Systems Private Limited (“Aeron”) to its wholly owned subsidiary Kalyani Strategic Systems Limited (KSSL) for a better strategic alignment and to house all the defence related investment under one entity. Positive read through
  • Bharat Forge

    17 Feb 2023 , 12:18PM Hindustan Aeronautics Limited (HAL), Foundry & Forge Division, Saarloha Advanced Materials Pvt Ltd (Saarloha) & Bharat Forge Limited (BFL), sign MOU for Collaboration in Development and Production of Aerospace grade steel alloys. Neutral impact.
  • Bharat Forge, Paramount Group sign MoU

    16 Feb 2023 , 12:34PM Bharat Forge signs MoU with Paramount Grp for rotor blades, mission systems for medium-lift helicopters
  • General Atomics partners Bharat Forge to manufacture high-end drones

    4 Jan 2023 , 11:53AM JS Auto enters into BTA with Indo Shell Mould Ltd (ISML) to acquire ISML's SEZ Unit
  • Bharat Forge

    2 Jan 2023 , 2:51PM The company’s step-down subsidiary, J S Auto Cast Foundry India Private Limited (JS Auto), has entered into a business transfer agreement with Indo Shell Mould Limited (ISML) for acquiring their SEZ Unit in SIPCOT, Erode. The SEZ Unit with a capacity of 42,000 MTPA, supplies fully machined critical castings to marquee customers in the automotive industry and will operate as the 3rd manufacturing unit of JS Auto. This takes the capacity at JS Auto to 1,42,000 MTPA. This acquisition would widen JS Auto’s product portfolio. Positive
  • Bharat Forge subsidiary JS Auto Cast to acquire SEZ Unit of Indo Shell Mould in Erode

    2 Jan 2023 , 12:55PM JS Auto enters into BTA with ISML to acquire ISML's SEZ Unit
  • Bharat Forge

    26 Dec 2022 , 12:24PM The rating agency, CARE, has reaffirmed the company’s rating at AA+/A1+ and stable outlook on back of the company’s long-lasting relationship with global automotive original equipment manufacturers (OEMs) and Tier-I suppliers, its presence in industrial segments, and its geographical diversification with 64% of the consolidated revenue being derived from global markets/markets outside India in FY22. Positive read thru
  • Bharat Forge

    22 Dec 2022 , 1:44PM Bharat Forge: The company started supply of forgings utilising green steel to reduce carbon footprint. Positive.
  • Bharat Forge

    12 Dec 2022 , 9:55AM The company’s management discussed growth plans and new order wins going forward on back of shift of manufacturing capabilities to India has helped China+1 and Europe+1 policy. Further, the company expects to benefit from strong demand uptick from defence and e-mobility sectors. The company laid down its vision 2030, aiming 12-15% revenue CAGR, consolidated EBITDA margin of 20%, 500bps improvement in ROCE from 20% in FY22, and dividend of more than 30%. The Company See huge opportunity in industrial components business due to shift manufacturing from Europe to other countries. The company started supply e-axle which value is 5X of existing ICE content. In the Aluminium business, the company is expanding business with existing customers and in new geographies. It won several new businesses in different geographies. Aluminium business currently contributes 45% of overseas business vs 15% in 2019. This segment is expected to work on full scale by FY26. Positive read thru
  • Bharat Forge, RK Forgings, GNA Axles

    6 Oct 2022 , 10:49AM Net orders for Class 8 Trucks saw a highest ever monthly run rate in September 2022 at 53,700 units, improving 149% m-o-m. On a seasonal adjusted basis, September orders translated to 60,900 units, a growth of 161% m-o-m and 94% y-o-y. The positive growth in class 8 trucks is positive for companies such as Bharat Forge, RK Forgings and GNA Axles, which have significant exposure to class 8 truck segments. Positive
  • Bharat Forge

    14 Sep 2022 , 10:16AM The company’s EV subsidiary, Kalyani Powertrain Ltd and Harbinger Motors Inc have formed a JV, Electroforge, to jointly manufacture electric powertrains for medium duty commercial vehicles. The JV will focus on commercial electric vehicle markets and would be targeting class 3-8 trucks. The company is taking steps towards developing and strengthening its product portfolio for electric vehicles. Positive
  • Bharat Forge signs binding agreement with Taiga India

    27 Jul 2022 , 3:01PM BF Infrastructure signs Binding Agreement with Talgo India Pvt Ltd to manufacture high-speed passenger trains
  • Bharat Forge

    27 Jul 2022 , 1:27PM Bharat Forge: The company’s wholly owned subsidiary, Kalyani Powertrain Limited, has incorporated a new company, as Electroforge Limited. The new incorporated company will be engaged in e-mobility activities including design, development, manufacture, sales and distribution of electric drive units, electric motors, electric vehicles and certain forged components in the e-mobility sector.
  • Bharat Forge

    21 Jun 2022 , 10:30AM The company will transfer its stake in joint venture Refu Drive GmbH to subsidiary Kalyani Powertrain to consolidate its electric vehicle business under one roof. Refu is in the business of development, manufacturing and selling on board controllers and components mainly - drives, invertors, converters (including AC/DC) and all kind of auxiliary applications, related power electronics and battery management (BMS) etc. for all e-mobility vehicles viz. hybrid and electric 2-wheelers, 3-wheelers, cars and commercial vehicles. Positive
  • Bharat Forge

    24 May 2022 , 9:15AM The company has laid its sustainable strategy for the future. It expects three segments to be key growth drivers, viz. aluminium components (EV and hybrid vehicles), industrial components, and EV electronics components. The company has received large multi-year contracts, which will start ramping up from 2023-2024 and will continue till 2030 and beyond. Major OEMs across the globe has committed to 30% or more of EVs by 2026 and beyond, which would key driver for EV segment for the company. Positive
  • Bharat Forge

    4 May 2022 , 9:42AM North America class 8 truck order for Apr’22 were down 54.6% y-o-y and 26.5% m-o-m to 15.8k units, which is lowest monthly in the last 5 months. The industry continues to marred by supply constraints (semi-conductor shortage) and subdued new order. Sentimentally negative for Bharat Forge and RK Forgings due to significant exposure into North America CV business.
  • Bharat Forge to pick up 26% stake in Avaada MHVidarbha

    20 Apr 2022 , 10:58AM Deal to to purchase solar power on a Single captive-user basis
  • Bharat Forge

    13 Apr 2022 , 12:31PM Bharat Forge: The rating agency, ICRA, has reaffirmed its rating at AA+/A1+ and outlook as stable, with enhanced NCD limits. The rating action continues to take into account the company’s leading position in the global automotive forgings industry, especially in the CV chassis and engine component space.
  • Bharat Forge to acquire JS Auto Cast Foundry India

    24 Feb 2022 , 12:24PM Bharat Forge enters into Definitive Agreement to acquire JS Autocast
  • Bharat Forge

    2 Feb 2022 , 9:46AM The company along with Bharat Forge International has acquired additional 366,451 fully diluted equity shares of Tevva Motors pursuant to the conversion of the Convertible Loan Note. The shareholding in Tewa Motors has now increased from 34.45% to 39.71%. Tevva Motors provides EV solution for commercial vehicles. The company has increased its stake at a valuation of Rs 940 crore. Positive read thru
  • Bharat Forge

    5 Jan 2022 , 9:41AM Bharat Forge’s backed company Tork Motors to launch e-bike ‘Kratos’ in last week of January 2022 at a price of ~Rs1.5 lakh. Positive read thru
  • Bharat Forge

    24 Nov 2021 , 9:42AM The company’s step down subsidiary, Kalyani Powertrain Limited (KPL) has increased its stake in Tork Motors pvt ltd to 60.66% from 48.86% through exercising the option to convert its holding of Zero Coupon Optionally Convertible Debentures of Tork into equity shares. Tork is an electric drive train Company mainly focused on electric two wheelers and premium electric motorcycles. Positive
  • Bharat Forge

    8 Oct 2021 , 10:56AM The company’s credit profile has been reaffirmed by ICRA rating agency at AA+/A1+ and stable outlook due to its leading position in the global automotive forgings industry, especially in the CV chassis and engine component space. Positive
  • RK Forgings, Bharat Forge

    5 Oct 2021 , 10:58AM Preliminary NA Class 8 net orders in September were 27,400 units (down 25.7% m-o-m), while NA Classes 5-7 net orders dropped to 24,500 units (down 23.1% m-o-m). The new orders are affected by supply constraints. The freight demand continues to remain strong.
  • Bharat Forge, Sona Comstar, Sandhar Technologies

    30 Aug 2021 , 9:45AM As per media reports, Tesla Inc is in talks with at least three auto component suppliers as a part of plan to enter Indian markets. The company is seeking critical electrical, electronic and mechanical components, such as instrument panels, windshields, differential brakes, gears and power seats. Indian auto component companies such as Bharat Forge, Sona Comstar and Sandhar Technologies are already supplying components to Tesla. Positive
  • Bharat Forge

    2 Aug 2021 , 9:37AM The credit rating agency, ICRA has reaffirmed credit rating for debt instruments at AA+/A1+, while has improved its long-term outlook to Stable from Negative. Positive
  • Bharat Forge

    5 Jul 2021 , 10:54AM Bharat Forge: 210 employees from the Chakan plant have opted for Voluntary Retirement Scheme involving overall pay-out cost of Rs 63.32 crore.
  • RK Forging, Bharat Forge

    5 Jul 2021 , 9:32AM : Preliminary NA Class 8 net orders in June were 25,700 units, up 11% from May, and a robust 61% higher than June of 2020’s COVID-impacted intake. NA Classes 5-7, with orders at 22,800 units, slipped 12% from May. Demand in this segment faced a tougher year-ago comparison, but still outpaced June 2020 by 26%. The demand remains at healthy levels and is positive for companies such as Ramkrishna Forgings and Bharat Forge, which has significant exposure to CV markets in North America.
  • RK Forgings, Bharat Forge, GNA Axles

    24 Jun 2021 , 2:50PM EU commercial vehicle registrations increased by 51.3% y-oy to 165,363 units in May 2021, still more than 30,000 below pre-pandemic volume levels. Demand for new commercial vehicles in the EU increased by 43.9% y-o-y for January-May 2021. This is positive for auto ancillary companies such RK Forgings, Bharat Forge and GNA Axles, which have significant exposure to European CV markets.
  • Bharat Forge Q4FY21 results

    4 Jun 2021 , 3:11PM Bharat Forge Q4FY21 results
  • Bharat Forge

    17 Mar 2021 , 9:14AM Bharat Forge has acquired 100% stake in Kalyani Powertrain Private Ltd., a new company formed with an object of development of electric powertrain transmission systems for automotive sector. Kalyani Rafael Advanced Systems (KRAS), a JV between Kalyani Group and Israel’s Rafael Advanced Defense Systems rolled out its first batch of medium-range surface-to-air missiles (MRSAM) for the Indian Army and the Air Force. This was part of the company's agreement to deliver over 1000 MRSAM missile kits to the Indian Army and Air Force over the coming years. Positive read thru
  • Bharat Forge

    10 Mar 2021 , 10:41AM Bharat Forge: The company has made a further investment of Rs 4 crore in its associate company - Aeron Systems, increasing its stake from 26% to 36%. The associate company is IOT and sensor space. Positive read thru
  • Bharat Forge bags an order worth Rs 177.95 crore

    23 Feb 2021 , 11:31AM Bharat Forge receives prestigious order from the Indian Army
  • Bharat Forge

    23 Feb 2021 , 9:10AM Bharat Forge has inked agreement with Paramount Group to jointly manufacture protected vehicles in India. Positive read thru
  • Ramkrishna Forgings, Bharat Forge

    25 Jan 2021 , 10:47AM Ramkrishna Forgings (RMKF) reported a strong set of numbers with revenue growth of 60% y-o-y at Rs402cr, driven by 75% growth in domestic revenue and 45% growth in exports. PAT was at Rs 16.7 cr in the Q3FY21 versus 1.7 cr in Q3FY20. Given strong results both at domestic and exports front, by RMKF, Bharat Forge is also expected to report strong numbers.
  • Bharat Forge

    21 Dec 2020 , 11:16AM As per media, Bharat Forge has taken Canadian aircraft and train maker Bombardier’s Singapore unit to court over what it alleged serious technical glitches in a retrofitted component in its business jet. Bharat Forge has press on for damages relating to safety violations, antitrust, breach of contractual terms of warranties and workmanship.
  • Bharat Forge

    20 Nov 2020 , 3:14PM As per media news, Bharat Forge is looking to build hovercrafts (air cushioned amphibious craft vehicles). Hovercrafts are used by one of the units of the Indian Defence Forces. Besides the armed forces, hovercraft have been proposed to be used for civilian purposes, too. At Bharat Forge, work on an indigenous hovercraft is at the design stage and it will take some time to develop and get approval for the vehicle. Positive but development would take time.
  • Bharat Forge

    13 Aug 2020 , 12:03PM Bharat Forge concall highlights: Witnessing demand improvement in both domestic and export segments; defence could be key growth area post Government recent ban on imports; positive read thru
  • Bharat Forge

    12 Aug 2020 , 2:53PM The company has stated that it is witnessing marginal improvement in the demand across both domestic & export markets. While the export revenues would be down in Q2FY21 on yoy basis, the company expects domestic revenues to be flat in Q2FY21. This indicates sharp recovery in the domestic market which is positive for Bharat Forge.
  • Bharat Electronics, Bharat Forge, L&T, Hindustan Aeronautics, Ashok Leyland, MRF

    10 Aug 2020 , 9:33AM In order to provide push to Atmanirbhar Bharat in the defence sector, the defence minister has stated that the ministry of defence (MOD) is introducing and import embargo on 101 military items to be progressively implemented between 2020 and 2024.
  • Bharat Forge

    22 Jul 2020 , 11:38AM Bharat Forge participated in a pre-application conference of interested bidders for the private train project which indicates company’s intent to enter the business. However, this is an early stage and we await clarity on the bidding process and the actual business opportunity for the company.
  • IT sector, Motherson Sumi, Bharat Forge and Tata Motors

    22 Jul 2020 , 9:46AM European Union governments have reached an agreement over new fiscal stimulus of EUR 750 billion ($858 billion) to rebuild EU economies ravaged by the coronavirus crisis; further, there are expectations that the US (around $1.2-$1.5 trillion), Japan may announce next round of stimulus to boost their economy - Positive read thru for Europe centric auto players such as Motherson Sumi Systems, Tata Motors and Bharat Forge and IT sector as well
  • Bharat Forge

    3 Jul 2020 , 11:36AM The company has announced a Voluntary retirement scheme for its eligible employees who have completed 10 years of service with the company. The financial impact of the same would be communicated upon completion of the scheme.
  • Bharat Forge suspend operations

    23 Mar 2020 , 11:02AM Bharat Forge to suspend operations until March 31, 2020
  • Bajaj Auto, Bharat Forge

    6 Jan 2020 , 11:52AM As per media sources, Government has extended Merchandise Exports India Scheme (MEIS) till March 31,2020; sentimentally positive
  • Bharat Forge

    8 Nov 2019 , 2:36PM Bharat Forge Q2 review: Operating performance miss estimates due to weak demand; PAT in line with estimates due to lower tax; H2FY20 commentary weak
  • Bharat Forge

    11 Oct 2019 , 11:22AM In a recent meet, the management highlighted that the near term cyclical slowdown is expected to remain in both domestic as well as export markets. While the Management is targeting new growth avenues such as defence and aluminium forgings, the new business will take time to ramp up. Near term cyclical slowdown challenges in both domestic and export markets is negative for Bharat Forge.
  • Bharat Forge to set up Greenfield forging & machinery facility in North Carolina

    18 Sep 2019 , 12:03PM Bharat Forge first phase of the North Carolina unit involves capital investment of $56 m
  • Bharat Forge to set up Greenfield forging & machinery facility in North Carolina

    18 Sep 2019 , 12:02PM Bharat Forge first phase of the North Carolina unit involves capital investment of $56 m
  • Bharat Forge Q1 earnings miss estimates

    13 Aug 2019 , 11:36AM Bharat Forge: Q1FY20 results missed estimates
  • Lower truck orders drag down Bharat Forge by 3%

    6 Aug 2019 , 2:38PM Orders for Class 8 North America trucks slid by 81% y-o-y to less than 10,00 units
  • Bharat Forge arm receives $100 M order from RAFAEL

    11 Jul 2019 , 12:36PM Contract to supply 1000 Barak -8 MRSAM missiles' kits for the Indian Army and Air Force
  • Bharat Forge enters into Joint Venture Agreement with Refu Electronik GmbH

    10 Jun 2019 , 10:25AM Bharat Forge is in joint venture with Germany's Refu Electronik, to hold 50% stake
  • Bharat Forge enters into a JV with Refu Electronik GMBH

    10 Jun 2019 , 9:26AM Bharat Forge: enters in to a JV with Refu Electronik GMBH to make components for electric and hybrid vehicles; to invest Euro 11.35 mn (Rs 89 cr) in the JV - Positive
  • Bharat Forge enters into agreement with Aeron Systems

    22 May 2019 , 2:33PM Bharat Forge enters into a share subscription agreement with Aeron Systems Pvt Ltd
  • Bharat Forge down on fall in North America class 8 truck orders

    6 Mar 2019 , 2:25PM Bharat Forge slips over 2% to Rs. 514, after the steep decline in North America class 8 truck orders
  • USA Class 8 truck orders continue to remain weak

    6 Feb 2019 , 10:41AM Bharat Forge, Ramkrishna Forgings, Motherson Sumi, GNA Axles: USA Class 8 truck orders continue to remain weak dropping 68% YoY in January 2019. Negative. We recently downgraded Bharat Forge and recommended a Book out on Ramkrishna Forgings citing weakening demand.
  • Bharat Forge

    6 Feb 2019 , 9:14AM North America Class 8 Truck Orders: January Class 8 Truck Orders fall by 68% At 15,800 Units YoY & -26% MoM
  • Bharat Forge shares drop by 4%

    7 Jan 2019 , 12:00PM Shares slip to Rs. 470, after CLSA downgrade
  • USA Class 8 truck orders fall 15% yoy in November 2018

    5 Dec 2018 , 12:22PM Bharat Forge, Ramkrishna Forgings, Motherson Sumi and GNA Axles: USA Class 8 truck orders fall 15% yoy in November 2018. This is the first instance of fall in last two years and the orders are lowest since September 2017. Negative read thru
  • Input costs witness 20% increase

    11 Sep 2018 , 10:31AM Bharat Forge, Ramkrishna Forgings: Input costs witness 20% increase due to rising fuel, steel and power costs; likely to exert pressure on margins in near term as pass thru happens with a lag – Negative
  • Defence Ministry approves procurement of 150 artillery gun

    28 Aug 2018 , 11:37AM Defence Ministry has approved procurement of 150 artillery guns for an order size of Rs 3,300 cr under the “Make in India” initiative . Bharat Forge and Tata Motors are amongst the suppliers for the artillery gun procurement programme. The order is expected to be executed over the next 2-3 years. Positive read thru
  • Bharat Forge: Viewpoint

    10 Aug 2018 , 12:57PM Bharat Forge: Viewpoint Q1FY2019 Results - On the growth path
  • Bharat Forge Q1 nos marginally below ests operationally

    9 Aug 2018 , 11:07AM Bharat Forge Q1FY2019 results marginally below estimates operationally; Higher than anticipated depreciation leads to PAT coming below expectations.
  • Bharat Forge acquires stake in UK based firm

    13 Jun 2018 , 11:43AM Bharat Forge rises by 2% to Rs668.20, as company acquires stake in UK based company
  • Bharat Forge: Q4FY2018 Viewpoint - Forging ahead

    23 May 2018 , 12:52PM We retain positive view on the stock and expect 15-17% returns over the next six to eight months.
  • USA class 8 truck maintains growth momentum

    3 May 2018 , 11:18AM Positive read through for Bharat Forge, Ramkrishna Forgings, Motherson Sumi, GNA Axles.
  • Defence arm Kalyani Strategic systems to expand product portfolio

    13 Apr 2018 , 10:12AM Positive read through for Bharat Forge.
  • US Class 8 truck orders are up impressively by 103%

    4 Apr 2018 , 11:18AM Positive for Bharat Forge, Ramkrishna Forgings, Motherson Sumi Systems, GNA Axles.
  • PMO approves mandatory scrappage of commercial vehicles

    19 Mar 2018 , 10:08AM Positive read thru for Tata Motors, Ashok Leyland, M&M and ancillary players Jamna Auto, Ramkrishna Forgings and Bharat Forge
  • Bharat Forge Q3FY2018 Conference call highlights

    9 Feb 2018 , 4:42PM The company has won new incremental orders amounting to USD 100 bn for the period April – December 2017. We retain our Positive view on the Stock.
  • North American Class 8 truck orders for January 2018 were at 47,200 units

    6 Feb 2018 , 10:36AM Positive read through for Bharat Forge, GNA Axles, Ramkrishna Forgings, Motherson Sumi Systems.
  • US class 8 trucks sales stand at 37200 units

    5 Jan 2018 , 9:20AM Positive read through as the US class 8 trucks sales for the month of December 2017 stand at 37,200 units, up impressively by 77% YoY.
  • Tesla unveils electric semi truck

    21 Nov 2017 , 3:29PM Bharat Forge unlikely to be impacted in near term as EV penetration in trucks will be gradual and is far fledged.
  • Bharat Forge expects robust double digit growth to continue

    9 Nov 2017 , 12:52PM Bharat Forge's conference call highlights: Robust Growth to continue; no immediate plans of global OEM to launch electric trucks removes key overhang; we maintain our positive stance
  • Bharat Forge Q2 nos ahead of estimates

    8 Nov 2017 , 1:43PM Bharat Forge reports strong growth for Q2FY2018 quarter across parameters
  • Bharat Forge: Viewpoint - Firing on all cylinders

    8 Nov 2017 , 11:54AM The Class-8 truck net orders have surged by over 50% in the last two months. BFL has also added customers and new business in the passenger car segment in the export market.
  • Bharat Forge, GNA Axles and Motherson Sumi to be in focus

    3 Nov 2017 , 9:16AM Positive news for Bharat Forge, GNA Axles and Motherson Sumi as North American Class 8 truck orders surges up 160% yoy to 35,700 units (+62% mom).
  • Bharat Forge: Reports strong set of results for Q1FY2018

    10 Aug 2017 , 12:11PM Bharat Forge has reported a strong set of results for Q1FY2018 with the numbers coming ahead of estimates across parameters.
  • US class 8 truck orders grow 78% yoy and 4% mom

    3 Aug 2017 , 9:43AM Bharat Forge: US class 8 truck orders grow 78% yoy and 4% mom; positive
  • Bharat Forge up after signing pact with Israeli firm

    7 Jul 2017 , 10:41AM Bharat Forge rises over 2% to Rs1130.25, after its subsidiary sign pact with Israel's Aerospace Industries to build new maintenance centre in India for selected advanced air defense systems

Key fundamentals

Evaluate the intrinsic value of Bharat Forge Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 12993.344 12135.624 11008.964 9265.573 8325.972
Liabilities 12993.344 12135.624 11008.964 9265.573 8325.972
Equity 93.127 93.127 93.127 93.127 93.127
Gross Profit 2477.777 1911.11 1715.73 727.623 1015.516
Net Profit 1424.957 1045.474 1077.803 312.094 473.516
Cash From Operating Activities 2091.558 788.259 275.446 813.737 1376.661
NPM(%) 15.88 13.8 17.23 8.54 10.37
Revenue 8968.634 7572.712 6254.612 3651.512 4563.884
Expenses 6490.857 5661.602 4538.882 2923.889 3548.368
ROE(%) 19.57 14.36 14.8 4.28 6.5

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
18 Feb 2025 2.5 125 0.82 1104.65
05 Jul 2024 6.5 325 0.82 1405.15
23 Feb 2024 2.5 125 0.82 1130.95
24 Nov 2022 1.5 75 0.82 859.25
14 Jul 2022 5.5 275 0.82 661.4
25 Nov 2021 1.5 75 0.82 775.05
15 Jul 2021 2 100 0.82 750.9
03 Mar 2020 2 100 0.82 480.4
20 Nov 2019 1.5 75 0.82 426.65
01 Aug 2019 2.5 125 0.82 486.1
15 Nov 2018 2.5 125 0.82 607.25
27 Jul 2018 2.5 125 0.82 680.95
16 Nov 2017 2 100 0.82 730.75
28 Jul 2017 5 250 0.82 1084.35
16 Feb 2017 2.5 125 0.82 967.05
25 Jul 2016 0.5 25 0.82 750.6
18 Mar 2016 4 200 0.82 803
17 Feb 2016 3 150 0.82 778
20 Jul 2015 4.5 225 0.82 1238.2
11 Feb 2015 3 150 0.82 1065.95
21 Aug 2014 2.5 125 0.82 499.5
13 Feb 2014 2 100 0.82 338.95
01 Aug 2013 2.4 120 0.82 232.3
07 Mar 2013 1 50 0.82 218.15
19 Jul 2012 2.5 125 0.82 318.25
07 Mar 2012 1.5 75 0.82 305.35
04 Aug 2011 3.5 175 0.82 304.5
15 Jul 2010 1 50 0.82 262.7
16 Jul 2009 1 50 0.82 159.75
31 Jul 2008 3.5 175 0.82 296.25
19 Jul 2007 3.5 175 0.82 340.3
20 Jul 2006 3 150 0.82 349.2
20 Jul 2005 2.5 125 0.82 1373.25
20 Jul 2004 10 100 0.82 739.5
04 Jul 2003 6 60 0.82 277.95
29 Jul 2002 0 35 0.82 133.2
25 Jun 2001 0 30 0.82 65.15
0 50 0.82 161.8
0 40 0.82 72.8
0 40 0.82 76.5
0 40 0.82 69.9

Peers

Other companies within the same industry or sector that are comparable to Bharat Forge Ltd

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Eimco Elecon (India) Ltd 1739.70 0.81 20.52 637.06 847.84 0.00
CIE Automotive India Ltd 405.95 -1.23 19.17 41896.74 218.13 1.72
Action Construction Equipment Ltd 1168.50 -3.77 35.77 13151.53 1377.86 0.17
Hercules Hoists Ltd 151.33 -2.87 13.06 3534.08 1124.23 2.64

Company Info

Bharat Forge Ltd is one of the most innovative and exciting companies to emerge in the history of the forging industry. The Indian Automotive Industry in the 50's was more like the story of imported kits. Ancillaries were nominal and infrastructure was scarce and inadequate. It was then, that Bharat Forge came into existence in 1961 to meet the forging needs of the Indian Automotive Industry. The 70's witnessed a spurt in the Indian forging industry with more and more units coming up. For Bharat Forge, it was a period of consolidation and growth. With the largest integrated facilities in Asia and an unbeatable track record, Bharat Forge emerged as the undisputed leader - the first name in the forgings industry in India. With an emphasis on diversification, the 80's saw Bharat Forge grow from a primarily automotive ancillary to an engineering enterprise focusing on technological supremacy, resilience and total customer-orientation. Today, the art of forging metal is a tradition at Bharat Forge, and all of our products are built with the expertise necessary to accommodate various industries. Each customer specification is carefully transformed into a cost-efficient reality. Every part we create is a representation of our overall dedication to craftsmanship. An outstanding reputation for customer service coupled with the Management commitment to quality has made Bharat Forge the preferred domestic and global supplier for major OEM's. Under the intense and caring supervision of the Chairman & Managing Director, Mr. Babasaheb N. Kalyani, the company continues to expand and its markets continue to grow, while the goal remains the same : to deliver competitive, quality products and services - time after time. 1961 - The Company was incorporated on 19th June at Mumbai. The main object of the Company is to manufacture forgings and finished crankshafts. 1971 - Shares of Rs.100 each subdivided. 1976 - 9,30,000 Bonus Equity shares issued in prop. 3:5. 1978 - Pref. shares redeemed in 3 equal instalments on 2nd January, 1st July and 1st January, 1979. 1981 - The Company's technical collaboration with Sifco Industries Inc., of U.S.A., ended on 31st March. - 24,80,000 No. of equity shares issued at a prem. of Rs.30 per share in part conversion of V Series debentures. 1982 - Balchandra Investment Pvt. ltd., became a wholly owned subsidiary of the Company and consequently, a deemed public limited company under section 43-A of the Companies Act, 1956. 1983 - An agreement was concluded with Tokyo, Drop Forging Co., Ltd., of Japan for technology upgradation, cost optimisation and quality improvements in the Company's forging unit. - The Company concluded an agreement with Maharashtra Electronics Corporation Ltd. (MELTRON), to establish a joint venture to manufacture colour T.V. sets. 1984 - Forge Investment Ltd., and Mundhwa Investment Ltd., became subsidiaries of Bhalchandra investment Ltd., with effect from 4th January. 1985 - The installed capacity of steel forgings at Pune was further increased from 30,000 tonnes to 40,000 tonnes per annum. - Industrial licence for steel forgings was endorsed for 7,200 tonnes and 42,800 tonnes per annum at Jalgaon and Pune units respectively. - In addition, the Company also received industrial licence for the manufacture of couplings with 600 tonnes per annum capacity at Mundhwa, Pune. - To obtain technology and know-how for the manufacture of couplings, the Company entered into a collaboration agreement with Torsiflex Ltd., U.K. - The Company privately placed with financial Institutions 3,80,000-15% secured redeemable non-convertible debentures (IV Series - PP) of Rs. 100 each, for working capital requirements. Also, 4,80,000-15% fully paid secured redeemable non-convertible debentures (IV series-Rights) of Rs.100 each were issued on rights basis to finance its industrial machinery and couplings projects at Vaduth, Satara, and at Mundhwa, Pune. - In addition, 7,50,000-10% fully paid secured redeemable convertible debentures (V Series) of Rs.240 each were issued on rights basis to finance its front axle assembly projects and for the expansion of open forgings capacity and defence products machinery at Mundhwa, Pune. 1986 - A letter of intent for machine components was partially converted into an industrial licence for the manufacture of some of the items such as defence products machinery etc. as included in the letter of intent at Mundhwa, Pune. - Registration was obtained for the manufacture of assemblies, components, spares, accessories for metallurgical machinery, size reduction and crushing equipment, conveying equipment and size separation units with a total capacity of 1,200 tonnes per annum at Vaduth, Satara. - Registration for additional capacity of 700 tonnes per annum was obtained for the Vaduth unit, for the manufacture of other items of industrial machinery. The Company also undertook to market colour TV receivers and automotive components manufactured by other companies. - The name of the Company was changed from Bharat Forge Co. Ltd., to Bharat Forge, Ltd. with effect from 30th April. - 3,12,500 No. of equity shares issued at a prem. of Rs 30 per share in part conversion of V Series debentures. 1987 - Effective from 31st October, Jalkumbhi Investment and Finance Pvt. Ltd. and Starflower Investment Ltd. became subsidiaries of Forge Investment Ltd. - Chakrapushpa Investment and Finance Ltd. and Jalakamal Investment and Finance became subsidiaries of Mundhwa Investment, Ltd. 1989 - The Company undertook modernisation and rationalisation of the steel forgings & furnish machined crankshafts division at Pune. - Delay in the receipt of imported equipment and the initial teething troubles delayed the modernisation programme at the steel forgings division, Pune. Both the presses were installed by 1991-92. - A joint venture under the name of Kalyani Sharp India Ltd. (KSIL) was set up for the manufacture of Televisions & VCRs. Necessary approvals were received for the transfer of the Company's electronics marketing division to KSIL effective from 1st, October. - During September-October, the Company offered 10,55,450-14% non-convertible (VI Series) debentures of Rs.100 each on Rights basis in the prop. 1 debenture : 10 equity shares held. (All were taken up). Additional 1,52,349 debentures were allotted to retain over-subscription. - The Company also issued 63,882 debentures (inclusive of over-subscription of 15% of 55,500 debentures) to employees (including Indian working directors)/workers of the Company on an equitable basis (only 2,010 debentures were taken up). The unsubscribed portion of 61,872 debentures was allowed to lapse. - A detachable coupon is attached to every debenture entitling the holder thereof the right to apply and get one equity share of Rs.10 each at a premium as may be approved by CCI at the expiry of 5 years from the date of allotment of debentures. - The debentures were to be redeemed at par at the end of the seventh year, from the date of allotment of debentures. - 52,72,500 bonus shares issued in prop. 1:1. 35,15,000 rights shares issued (prem. Rs.40 per share; prop. 1:3). 4,76,412 shares allotted to retain oversubscription. Another 50,838 shares allotted privately (prem. Rs.40 per share). Another 48,450 shares allotted to employees (prem. Rs.40 per share). 1991 - On 22nd May, the Company allotted 10,00,000-14% non-convertible debentures (7th series) of Rs.100 each on private placement basis. - The Company issued 19,00,000-18% secured redeemable non-convertible debentures (8th Series) of Rs.100 each on private placement basis with Mutual Funds. These are to be redeemed in equal instalments at the end of 6th, 7th and 8th year from the date of allotment viz., 26th November, at a premium of 5% payable along with the instalment due at the end of 7th year. 1992 - The Financial Services Division commenced for investment in various fund based areas. During the year, it diversified its portfolio into real estate development. - The company commissioned the 12,800 tonnes capacity screw type hot forging press. - During September/October, the Company offered 13,36,500-16% Non-convertible debentures of Rs.300 each with a detachable warrant on Rights basis in the prop. 1 debenture : 11 equity shares held. All were taken up. - Another 66,830-16% Non-Convertible debentures of Rs.300 with detachable warrants each were offered to the employees' on an equitable basis only 1,560 debentures were taken up. Unsubscribed portion of 65,270 debentures was allowed to lapse. - These debentures are to be redeemed at a premium of 5% in three equal instalments at the expiry of 6th, 7th, and 8th year from the date of allotment of debentures. - Every debenture was attached with a warrent which entitled the allottee (of the debenture) to receive a equity shares of 12 months from the date of allotment of debentures. If the right attached to any coupon/warrant was not exercised within the specified period, the equity shares pertaining to the warrants were to be disposed of at the discretion of the directors. - Forfeiture on 370 shares annulled. 38,01,950 shares allotted as rights/to employees (prem. Rs.150 per share). 1993 - The fall in exports was due to the letter of credit not being opened at Ukraine and recessionery conditions in the thrust markets of Japan & W. Europe. - 13,37,035 No. of equity shares issued at a prem. of Rs. 145 per share on excercise of warrants attached to NCD (9th shares). 1994 - During February/March, the Company offered 65,93,300 No. of equity shares of Rs.10 each at a premium of Rs.40 per shares in prop. 1:3 (all were taken up). - Another 3,29,700 No. of equity shares of Rs.10 each were issued to the employees on an equitable basis (all were taken up). - The Company also offered 28,26,000-14.5% secured redeemable non-convertible debentures of Rs.50 each with a coupon/warrant attached in the prop. 1 deb : 7 equity shares held. (All were taken up). - Another 1,41,300-14.5% debentures were issued to the employees on an equitable basis (only 1,00,450 debentures taking unsubscribed portion was allotted to lapse). - These debentures would be redeemed at par in three equal instalments at the expiry of 6th, 7th, 8th year from the date of allotment. - Each warrant entitles the holder to apply for one equity share of Rs 10 each at a premium of Rs 40 per share. - On 1st March, the Company issued convertible notes (1994-1999) of Swiss Francs 20.00 million equivalent approximately to Rs.431 million. - Effective from 24th October, Starfflower Investment and Finance Ltd. and Chakrapushpa Investment and Finance Ltd. ceased to be subsidiaries of the Company. - Forfeiture on 4485 shares annulled. 69,23,000 shares allotted as Rights to the shareholders and employees, 12,09,801 shares issued (Prem. Rs. 40 againt Equity Warrants attached to NCD VI Series. 35,00,000 shares allotted (Prem. Rs. 146) against Warrants issued to Promoters. Pref. shares issued on private placement basis. 1995 - The Company proposed to set up a plant for the manufacture of Finish Machined Crankshafts with a capacity of 1,80,000 nos. per annum at Pune. - The Company had entered into a technical knowhow and Assistance agreement with Metalart Corporation, Japan for the manufacture of small precision forgings. - 293, shares allotted. 29,26,450 shares allotted (prem. Rs. 40 per share) against warrants attached to NCDs. (Xth series). 15,68,600 shares issued (prem. Rs. 186.93 per share). Under senior executive stock cum share option scheme 18,00,000 shares issued (prem. Rs. 107.18 per share) to Promoters/Group Companies. 1997 - 120,00,000 Redeemable pref. shares redeemed during the year. 1998 - The Company has decided to go head with the implementation of the Mundhwa project for additional forgings capacity of 38,000 Tonnes. - BFL also has a financial services division which it set up in FY 93, IN FY95 it diversified into production of wheel rims. - BFL's wheel rim division has been hived off into a joint venture with the collaborator Lemmerze-Were of Germany, with effective from 4th June 1996. - BFL is the leading player in the sector. It is the flagship of the Kalyani group and was established in 1961 in collaboration with Steel Improvement and Forge Co., USA (SIFCO), Commercial production of forgings began in 1966 with the setting up of a plant at Mundhwa near Pune. 1999 - Bharat Forge has surprisingly turned an impressive results. Being the fifth-largest forging company in the world in volume terms. 2000 - Demerger of Investment Division & Wind Mills Division with effect from March, 1. 2002-Bharat Forge Ltd has informed that Mr G A Nayak, Nominee Director of Unit Trust of India (UTI) has resigned and ceased to be Director, with effect from December 19, 2002, his nomination having been withdrawn by UTI. 2001 -Bharat Forge Ltd has retrenched around 800 employees which represents close to one fourth of its total workforce at its manufacturing facility. -G A Nayak has replaced Mr.K.G.Vassal as the nominee of UTI on the Board of Bharat Forge. -Bharat Forge reported a 16% drop in the revenue and 81% drop in the net profits. 2002 -Bharat Forge signs a contract with Dana Corporation's Spincer Europe Ltd., for the supply of forgings. -Leading Chinese Auto Dealer OEM has awarded the company a large contract for the supply of engine components,which is worth around $20 million order. 2003 - Bharat Forge Ltd secured the second Largest Customer in China. Guangxi Yuchai Machinery Co. a part of second Auto Works is among the largest Auto companies in China, which is a stepping stone for acquiring a large size of the Chinese Markets. -Bharat Forge Ltd has appointed Ajay S Nagle as Company Secretary and also to act as Compliance Officer. -New contracts has been won in the area of passenger car components. BFL has been chosen by Ford Motor Company and Daimler Chrysler as a supplier of components for their global passenger car programs. -Board approves raising of raising long term resources 2004 -Bharat Forge all set to enter China -Bharat Forge Ltd (BFL) has tied up with BITS-Pilani for offering employees an opportunity to enhance their education while continuing to work with the company and acquire degrees in BE and B.Tech. -Bharat Forge Ltd has appointed Mr Amit B Kalyani as Director of the company wef May 11, 2004 and also as Executive Director of the company wef May 11, 2004. 2005 -Bharat Forge Ltd receives `outstanding organisation' award for quality from the National Institution for Quality and Reliability on April 23 -Bharat Forge acquires Imatra Kilsta AB, Sweden & Scottish Stampings, Scotland -Bharat Forge Ltd has signed a Joint Venture contract with FAW Corporation for its forging business -Bharat Forge enters in JV contract with FAW Corporation, China -Company has splits its Face value of Shares from Rs 10 to Rs 2 2006 -Bharat Forge Ltd has appointed Mrs. Lalita D Gupte as Director of the Company with effect from December 05, 2006. -Bharat Forge inks agreement with Maharashtra Govt to establish SEZ -Opening Ceremony of FAW Bharat Forge (Changchun) Co., Ltd. -Government of Maharashtra and Bharat Forge joined hands to set up a multi-product SEZ in Pune District. 2007 -Centre for Advanced Manufacturing . takes shape in Baramati -BHARAT FORGE - BITS PILANI convocation ceremony held for the first batch of B.S. (Manufacturing Engineering) Programme. 2008 -Bharat Forge Ltd has announced that on February 08, 2008, the Company has signed a Memorandum of Understanding (MOU) with NTPC Ltd, to set up a Joint Venture Company for its foray into the Capital Goods sector. -Bharat Forge Ltd has has appointed Mr. Sunil Chaturvedi as Additional Director of the Company with effect from May 20, 2008 and he is also appointed as Executive Director of the Company with effect from May 20, 2008. -Bharat Forge Commissioned India's Largest Commercial Open Forging Press. -Bharat Forge signed Letter of Intent with IIT-Bombay -Alstom and Bharat Forge to set up a Joint Venture to manufacture state-of-the-art super-critical power plant equipments in India. -Bharat Forge signs MOU with Government of Maharashtra for its Centre for Advanced Manufacturing in Baramati -Bharat Forge signed a MOU with NTPC 2009 - Bharat Forge Ltd has informed that the Board of Directors of the Company at its meeting held on May 20, 2009, has appointed Mr. P H Ravikumar as Additional Director of the Company with effect from May 20, 2009. -Bharat Forge and AREVA sign MoU for Manufacture of Heavy Forgings in India -Bharat Forge receives National Award for Best HR Practices -2009 2010 - Bharat Forge Ltd has appointed Dr. T. Mukherjee as Additional Director of the Company with effect from January 23, 2010. 2011 -Mr. Ajay Kumar Sharma has been appointed as Company Secretary of the Company and he will act as the "Compliance Officer" of the Company. -Bharat Forge has recommended Dividend of Rs. 3.50 per equity share (175%) 2012 -Bharat Forge Ltd's power equipment joint-venture with Alstom bags Rs. 1,570 crore order from NTPC Ltd. -Bharat Forge ecommend a final Dividend of Rs. 2.50/- Per Equity Share (125%),in addition to Interim Dividend paid of Rs. 1.50/. (75%), totalling to Rs. 4.00/- (200%) 2013 -Bharat Forge Ltd - NTPC orders three supercritical turbine islands from Alstom-Bharat -The Company have appointed Mr.Vimal Bhandari as an Additional Director of the Company -Bharat Forge, Alstom Power JV bags Rs 2,251 cr order from NTPC -Bharat Forge Ltd. ndia awarded `Sword of Honour' for safety success -B.N. Kalyani conferred with the IOD Distinguished Fellowship Award 2013 2014 -Bharat Forge - Amalgamation of Joint Venture Companies -"Safran and Bharat Forge to form partnership to address opportunities in Indian civil and military aerospace". -Baba N Kalyani conferred with the prestigious `Sir M Visvesvaraya Memorial Award - 2014' -Saab and the Kalyani Group Sign a Strategic Partnership for the Air Defence of India 2015 -Bharat Forge Ltd - Production starts at Alstom-Bharat Forge's new turbine and generator manufacturing facility in India -Bharat Forge - Corporate reorganization of European subsidiaries of the Company -Bharat Forge awarded Recognition Prize - Energy Efficiency Award 2015 -Bharat Forge and Mahindra CIE, an alliance between Spain's CIE and Indias Mahindra Group are in the race to acquire Amtek Autos German subsidiary Neumayer Tekfor. -Bharat Forge Limited has formalized a significant supply agreement for long term co-operation with Rolls-Royce 2016 -Bharat Forge - Boeing awards 777X titanium forging contract to Bharat Forge -Bharat Forge awarded Certificate of Recognition by General Motors -Bharat Forge sets up ordnance factory in Pune -Bharat Forge wins the prestigious Make in India Awards for "Indigenization through Make in India" -Bharat Forge has Acquisition of Walker Forge Tennessee LLC -Bharat Forge awarded Silver Certificate for Manufacturing Excellence -Bharat Forge awarded with "Frost & Sullivan Award 2016 2017 - "Bharat Forge awarded the prestigious TIME India Global Manufacturer for the Year 2017". -'Update on acquisition of balance 40% equity shares of Analogic Controls India Limited (ACIL)'. -"Bharat Forge secures maiden order from Ministry of Defence". -Bharat Forge awarded Daimler Supplier Award 2016. -"Kalyani Group and Israel Aerospace Industries to incorporate a JV in India to Manufacture Specific Air Defense Systems". -Bharat Forge Recognized by General Motors as a 2016 Supplier of the Year Winner. 2018 -BharatForge awarded "1st Winner Award for Lean Project under Lean Category" at 14th Lean Six Sigma Excellence Award 2018 Competition conducted by Symbiosis International. -Bharat Forge Ltd awarded AIMA Managing India Awards - Indian MNC of the Year. -Bharat Forge was honoured with Silver Award in the category of "Business Alignment" at the Ashok Leyland Conference on 20th April 2018. -Established E-Mobility Research & Development Centre in MIRA Technology Park, UK. -Bharat Forge Inaugurates "Industry 4.0 Centre of Excellence" in partnership with PTC. -"Bharat Forge Ltd takes a strategic stake in Electric Vehicle company, Tevva Motors (Jersey) Limited". 2019 -BFL was awarded the prestigious "Centenary Industry Excellence Award 2019" from Institution of Engineers. -Bharat Forge receives Quality Excellence award from Tata Motors Limited at the Supplier Conference in Rome. -Bharat Forge JV bags $100-mn Israel defence firm order for missile kits. 2020 -Winner of 'Golden Peacock Award for Corporate Social Responsibility' for the year 2019. -3rd Position Award in 10th Kaizen Competition. -Bharat Forge commences operations in 'graded manner'. -Bharat Forge launches Health Risk Monitoring System (HRMS) - An AI platform enabling Safe return to Workplace. 2021 -BFL received the Institution of Engineers (India) Industry Excellence award in the category of Engineering Manufacturing & Processing (EMP) in 36th Indian Engineering Congress held at Vigyan Bhawan. -CII-SR CFO Awards 2021 under the category of Manufacturing & Distribution. 2022 -Bharat Forge successfully completes acquisition of JS Autocast. -Bharat Forge Infrastructure Limited Signs Binding Agreement with Talgo India Private Limited. -Bharat Forge commences supply of forgings utilizing Green Steel, reinforcing company's commitment to reduce carbon footprint. 2023 Bharat Forge announces E-bike manufacturing facility at MIDC, 2024 -Bharat Forge Completed acquisition of AAM India Manufacturing Corporation Private Limited. -Bharat Forge enters into a Definitive Agreement to acquire AAM India Manufacturing Corporation Pvt.Ltd. -Bharat Forge Spearheads Sustainable Transformation of 100 Villages in Maharashtra.

Bharat Forge Ltd is one of the most innovative and exciting companies to emerge in the history of the forging industry. The Indian Automotive Industry in the 50's was more like the story of imported kits. Ancillaries were nominal and infrastructure was scarce and inadequate. It was then, that Bharat Forge came into existence in 1961 to meet the forging needs of the Indian Automotive Industry. The 70's witnessed a spurt in the Indian forging industry with more and more units coming up. For Bharat Forge, it was a period of consolidation and growth. With the largest integrated facilities in Asia and an unbeatable track record, Bharat Forge emerged as the undisputed leader - the first name in the forgings industry in India. With an emphasis on diversification, the 80's saw Bharat Forge grow from a primarily automotive ancillary to an engineering enterprise focusing on technological supremacy, resilience and total customer-orientation. Today, the art of forging metal is a tradition at Bharat Forge, and all of our products are built with the expertise necessary to accommodate various industries. Each customer specification is carefully transformed into a cost-efficient reality. Every part we create is a representation of our overall dedication to craftsmanship. An outstanding reputation for customer service coupled with the Management commitment to quality has made Bharat Forge the preferred domestic and global supplier for major OEM's. Under the intense and caring supervision of the Chairman & Managing Director, Mr. Babasaheb N. Kalyani, the company continues to expand and its markets continue to grow, while the goal remains the same : to deliver competitive, quality products and services - time after time. 1961 - The Company was incorporated on 19th June at Mumbai. The main object of the Company is to manufacture forgings and finished crankshafts. 1971 - Shares of Rs.100 each subdivided. 1976 - 9,30,000 Bonus Equity shares issued in prop. 3:5. 1978 - Pref. shares redeemed in 3 equal instalments on 2nd January, 1st July and 1st January, 1979. 1981 - The Company's technical collaboration with Sifco Industries Inc., of U.S.A., ended on 31st March. - 24,80,000 No. of equity shares issued at a prem. of Rs.30 per share in part conversion of V Series debentures. 1982 - Balchandra Investment Pvt. ltd., became a wholly owned subsidiary of the Company and consequently, a deemed public limited company under section 43-A of the Companies Act, 1956. 1983 - An agreement was concluded with Tokyo, Drop Forging Co., Ltd., of Japan for technology upgradation, cost optimisation and quality improvements in the Company's forging unit. - The Company concluded an agreement with Maharashtra Electronics Corporation Ltd. (MELTRON), to establish a joint venture to manufacture colour T.V. sets. 1984 - Forge Investment Ltd., and Mundhwa Investment Ltd., became subsidiaries of Bhalchandra investment Ltd., with effect from 4th January. 1985 - The installed capacity of steel forgings at Pune was further increased from 30,000 tonnes to 40,000 tonnes per annum. - Industrial licence for steel forgings was endorsed for 7,200 tonnes and 42,800 tonnes per annum at Jalgaon and Pune units respectively. - In addition, the Company also received industrial licence for the manufacture of couplings with 600 tonnes per annum capacity at Mundhwa, Pune. - To obtain technology and know-how for the manufacture of couplings, the Company entered into a collaboration agreement with Torsiflex Ltd., U.K. - The Company privately placed with financial Institutions 3,80,000-15% secured redeemable non-convertible debentures (IV Series - PP) of Rs. 100 each, for working capital requirements. Also, 4,80,000-15% fully paid secured redeemable non-convertible debentures (IV series-Rights) of Rs.100 each were issued on rights basis to finance its industrial machinery and couplings projects at Vaduth, Satara, and at Mundhwa, Pune. - In addition, 7,50,000-10% fully paid secured redeemable convertible debentures (V Series) of Rs.240 each were issued on rights basis to finance its front axle assembly projects and for the expansion of open forgings capacity and defence products machinery at Mundhwa, Pune. 1986 - A letter of intent for machine components was partially converted into an industrial licence for the manufacture of some of the items such as defence products machinery etc. as included in the letter of intent at Mundhwa, Pune. - Registration was obtained for the manufacture of assemblies, components, spares, accessories for metallurgical machinery, size reduction and crushing equipment, conveying equipment and size separation units with a total capacity of 1,200 tonnes per annum at Vaduth, Satara. - Registration for additional capacity of 700 tonnes per annum was obtained for the Vaduth unit, for the manufacture of other items of industrial machinery. The Company also undertook to market colour TV receivers and automotive components manufactured by other companies. - The name of the Company was changed from Bharat Forge Co. Ltd., to Bharat Forge, Ltd. with effect from 30th April. - 3,12,500 No. of equity shares issued at a prem. of Rs 30 per share in part conversion of V Series debentures. 1987 - Effective from 31st October, Jalkumbhi Investment and Finance Pvt. Ltd. and Starflower Investment Ltd. became subsidiaries of Forge Investment Ltd. - Chakrapushpa Investment and Finance Ltd. and Jalakamal Investment and Finance became subsidiaries of Mundhwa Investment, Ltd. 1989 - The Company undertook modernisation and rationalisation of the steel forgings & furnish machined crankshafts division at Pune. - Delay in the receipt of imported equipment and the initial teething troubles delayed the modernisation programme at the steel forgings division, Pune. Both the presses were installed by 1991-92. - A joint venture under the name of Kalyani Sharp India Ltd. (KSIL) was set up for the manufacture of Televisions & VCRs. Necessary approvals were received for the transfer of the Company's electronics marketing division to KSIL effective from 1st, October. - During September-October, the Company offered 10,55,450-14% non-convertible (VI Series) debentures of Rs.100 each on Rights basis in the prop. 1 debenture : 10 equity shares held. (All were taken up). Additional 1,52,349 debentures were allotted to retain over-subscription. - The Company also issued 63,882 debentures (inclusive of over-subscription of 15% of 55,500 debentures) to employees (including Indian working directors)/workers of the Company on an equitable basis (only 2,010 debentures were taken up). The unsubscribed portion of 61,872 debentures was allowed to lapse. - A detachable coupon is attached to every debenture entitling the holder thereof the right to apply and get one equity share of Rs.10 each at a premium as may be approved by CCI at the expiry of 5 years from the date of allotment of debentures. - The debentures were to be redeemed at par at the end of the seventh year, from the date of allotment of debentures. - 52,72,500 bonus shares issued in prop. 1:1. 35,15,000 rights shares issued (prem. Rs.40 per share; prop. 1:3). 4,76,412 shares allotted to retain oversubscription. Another 50,838 shares allotted privately (prem. Rs.40 per share). Another 48,450 shares allotted to employees (prem. Rs.40 per share). 1991 - On 22nd May, the Company allotted 10,00,000-14% non-convertible debentures (7th series) of Rs.100 each on private placement basis. - The Company issued 19,00,000-18% secured redeemable non-convertible debentures (8th Series) of Rs.100 each on private placement basis with Mutual Funds. These are to be redeemed in equal instalments at the end of 6th, 7th and 8th year from the date of allotment viz., 26th November, at a premium of 5% payable along with the instalment due at the end of 7th year. 1992 - The Financial Services Division commenced for investment in various fund based areas. During the year, it diversified its portfolio into real estate development. - The company commissioned the 12,800 tonnes capacity screw type hot forging press. - During September/October, the Company offered 13,36,500-16% Non-convertible debentures of Rs.300 each with a detachable warrant on Rights basis in the prop. 1 debenture : 11 equity shares held. All were taken up. - Another 66,830-16% Non-Convertible debentures of Rs.300 with detachable warrants each were offered to the employees' on an equitable basis only 1,560 debentures were taken up. Unsubscribed portion of 65,270 debentures was allowed to lapse. - These debentures are to be redeemed at a premium of 5% in three equal instalments at the expiry of 6th, 7th, and 8th year from the date of allotment of debentures. - Every debenture was attached with a warrent which entitled the allottee (of the debenture) to receive a equity shares of 12 months from the date of allotment of debentures. If the right attached to any coupon/warrant was not exercised within the specified period, the equity shares pertaining to the warrants were to be disposed of at the discretion of the directors. - Forfeiture on 370 shares annulled. 38,01,950 shares allotted as rights/to employees (prem. Rs.150 per share). 1993 - The fall in exports was due to the letter of credit not being opened at Ukraine and recessionery conditions in the thrust markets of Japan & W. Europe. - 13,37,035 No. of equity shares issued at a prem. of Rs. 145 per share on excercise of warrants attached to NCD (9th shares). 1994 - During February/March, the Company offered 65,93,300 No. of equity shares of Rs.10 each at a premium of Rs.40 per shares in prop. 1:3 (all were taken up). - Another 3,29,700 No. of equity shares of Rs.10 each were issued to the employees on an equitable basis (all were taken up). - The Company also offered 28,26,000-14.5% secured redeemable non-convertible debentures of Rs.50 each with a coupon/warrant attached in the prop. 1 deb : 7 equity shares held. (All were taken up). - Another 1,41,300-14.5% debentures were issued to the employees on an equitable basis (only 1,00,450 debentures taking unsubscribed portion was allotted to lapse). - These debentures would be redeemed at par in three equal instalments at the expiry of 6th, 7th, 8th year from the date of allotment. - Each warrant entitles the holder to apply for one equity share of Rs 10 each at a premium of Rs 40 per share. - On 1st March, the Company issued convertible notes (1994-1999) of Swiss Francs 20.00 million equivalent approximately to Rs.431 million. - Effective from 24th October, Starfflower Investment and Finance Ltd. and Chakrapushpa Investment and Finance Ltd. ceased to be subsidiaries of the Company. - Forfeiture on 4485 shares annulled. 69,23,000 shares allotted as Rights to the shareholders and employees, 12,09,801 shares issued (Prem. Rs. 40 againt Equity Warrants attached to NCD VI Series. 35,00,000 shares allotted (Prem. Rs. 146) against Warrants issued to Promoters. Pref. shares issued on private placement basis. 1995 - The Company proposed to set up a plant for the manufacture of Finish Machined Crankshafts with a capacity of 1,80,000 nos. per annum at Pune. - The Company had entered into a technical knowhow and Assistance agreement with Metalart Corporation, Japan for the manufacture of small precision forgings. - 293, shares allotted. 29,26,450 shares allotted (prem. Rs. 40 per share) against warrants attached to NCDs. (Xth series). 15,68,600 shares issued (prem. Rs. 186.93 per share). Under senior executive stock cum share option scheme 18,00,000 shares issued (prem. Rs. 107.18 per share) to Promoters/Group Companies. 1997 - 120,00,000 Redeemable pref. shares redeemed during the year. 1998 - The Company has decided to go head with the implementation of the Mundhwa project for additional forgings capacity of 38,000 Tonnes. - BFL also has a financial services division which it set up in FY 93, IN FY95 it diversified into production of wheel rims. - BFL's wheel rim division has been hived off into a joint venture with the collaborator Lemmerze-Were of Germany, with effective from 4th June 1996. - BFL is the leading player in the sector. It is the flagship of the Kalyani group and was established in 1961 in collaboration with Steel Improvement and Forge Co., USA (SIFCO), Commercial production of forgings began in 1966 with the setting up of a plant at Mundhwa near Pune. 1999 - Bharat Forge has surprisingly turned an impressive results. Being the fifth-largest forging company in the world in volume terms. 2000 - Demerger of Investment Division & Wind Mills Division with effect from March, 1. 2002-Bharat Forge Ltd has informed that Mr G A Nayak, Nominee Director of Unit Trust of India (UTI) has resigned and ceased to be Director, with effect from December 19, 2002, his nomination having been withdrawn by UTI. 2001 -Bharat Forge Ltd has retrenched around 800 employees which represents close to one fourth of its total workforce at its manufacturing facility. -G A Nayak has replaced Mr.K.G.Vassal as the nominee of UTI on the Board of Bharat Forge. -Bharat Forge reported a 16% drop in the revenue and 81% drop in the net profits. 2002 -Bharat Forge signs a contract with Dana Corporation's Spincer Europe Ltd., for the supply of forgings. -Leading Chinese Auto Dealer OEM has awarded the company a large contract for the supply of engine components,which is worth around $20 million order. 2003 - Bharat Forge Ltd secured the second Largest Customer in China. Guangxi Yuchai Machinery Co. a part of second Auto Works is among the largest Auto companies in China, which is a stepping stone for acquiring a large size of the Chinese Markets. -Bharat Forge Ltd has appointed Ajay S Nagle as Company Secretary and also to act as Compliance Officer. -New contracts has been won in the area of passenger car components. BFL has been chosen by Ford Motor Company and Daimler Chrysler as a supplier of components for their global passenger car programs. -Board approves raising of raising long term resources 2004 -Bharat Forge all set to enter China -Bharat Forge Ltd (BFL) has tied up with BITS-Pilani for offering employees an opportunity to enhance their education while continuing to work with the company and acquire degrees in BE and B.Tech. -Bharat Forge Ltd has appointed Mr Amit B Kalyani as Director of the company wef May 11, 2004 and also as Executive Director of the company wef May 11, 2004. 2005 -Bharat Forge Ltd receives `outstanding organisation' award for quality from the National Institution for Quality and Reliability on April 23 -Bharat Forge acquires Imatra Kilsta AB, Sweden & Scottish Stampings, Scotland -Bharat Forge Ltd has signed a Joint Venture contract with FAW Corporation for its forging business -Bharat Forge enters in JV contract with FAW Corporation, China -Company has splits its Face value of Shares from Rs 10 to Rs 2 2006 -Bharat Forge Ltd has appointed Mrs. Lalita D Gupte as Director of the Company with effect from December 05, 2006. -Bharat Forge inks agreement with Maharashtra Govt to establish SEZ -Opening Ceremony of FAW Bharat Forge (Changchun) Co., Ltd. -Government of Maharashtra and Bharat Forge joined hands to set up a multi-product SEZ in Pune District. 2007 -Centre for Advanced Manufacturing . takes shape in Baramati -BHARAT FORGE - BITS PILANI convocation ceremony held for the first batch of B.S. (Manufacturing Engineering) Programme. 2008 -Bharat Forge Ltd has announced that on February 08, 2008, the Company has signed a Memorandum of Understanding (MOU) with NTPC Ltd, to set up a Joint Venture Company for its foray into the Capital Goods sector. -Bharat Forge Ltd has has appointed Mr. Sunil Chaturvedi as Additional Director of the Company with effect from May 20, 2008 and he is also appointed as Executive Director of the Company with effect from May 20, 2008. -Bharat Forge Commissioned India's Largest Commercial Open Forging Press. -Bharat Forge signed Letter of Intent with IIT-Bombay -Alstom and Bharat Forge to set up a Joint Venture to manufacture state-of-the-art super-critical power plant equipments in India. -Bharat Forge signs MOU with Government of Maharashtra for its Centre for Advanced Manufacturing in Baramati -Bharat Forge signed a MOU with NTPC 2009 - Bharat Forge Ltd has informed that the Board of Directors of the Company at its meeting held on May 20, 2009, has appointed Mr. P H Ravikumar as Additional Director of the Company with effect from May 20, 2009. -Bharat Forge and AREVA sign MoU for Manufacture of Heavy Forgings in India -Bharat Forge receives National Award for Best HR Practices -2009 2010 - Bharat Forge Ltd has appointed Dr. T. Mukherjee as Additional Director of the Company with effect from January 23, 2010. 2011 -Mr. Ajay Kumar Sharma has been appointed as Company Secretary of the Company and he will act as the "Compliance Officer" of the Company. -Bharat Forge has recommended Dividend of Rs. 3.50 per equity share (175%) 2012 -Bharat Forge Ltd's power equipment joint-venture with Alstom bags Rs. 1,570 crore order from NTPC Ltd. -Bharat Forge ecommend a final Dividend of Rs. 2.50/- Per Equity Share (125%),in addition to Interim Dividend paid of Rs. 1.50/. (75%), totalling to Rs. 4.00/- (200%) 2013 -Bharat Forge Ltd - NTPC orders three supercritical turbine islands from Alstom-Bharat -The Company have appointed Mr.Vimal Bhandari as an Additional Director of the Company -Bharat Forge, Alstom Power JV bags Rs 2,251 cr order from NTPC -Bharat Forge Ltd. ndia awarded `Sword of Honour' for safety success -B.N. Kalyani conferred with the IOD Distinguished Fellowship Award 2013 2014 -Bharat Forge - Amalgamation of Joint Venture Companies -"Safran and Bharat Forge to form partnership to address opportunities in Indian civil and military aerospace". -Baba N Kalyani conferred with the prestigious `Sir M Visvesvaraya Memorial Award - 2014' -Saab and the Kalyani Group Sign a Strategic Partnership for the Air Defence of India 2015 -Bharat Forge Ltd - Production starts at Alstom-Bharat Forge's new turbine and generator manufacturing facility in India -Bharat Forge - Corporate reorganization of European subsidiaries of the Company -Bharat Forge awarded Recognition Prize - Energy Efficiency Award 2015 -Bharat Forge and Mahindra CIE, an alliance between Spain's CIE and Indias Mahindra Group are in the race to acquire Amtek Autos German subsidiary Neumayer Tekfor. -Bharat Forge Limited has formalized a significant supply agreement for long term co-operation with Rolls-Royce 2016 -Bharat Forge - Boeing awards 777X titanium forging contract to Bharat Forge -Bharat Forge awarded Certificate of Recognition by General Motors -Bharat Forge sets up ordnance factory in Pune -Bharat Forge wins the prestigious Make in India Awards for "Indigenization through Make in India" -Bharat Forge has Acquisition of Walker Forge Tennessee LLC -Bharat Forge awarded Silver Certificate for Manufacturing Excellence -Bharat Forge awarded with "Frost & Sullivan Award 2016 2017 - "Bharat Forge awarded the prestigious TIME India Global Manufacturer for the Year 2017". -'Update on acquisition of balance 40% equity shares of Analogic Controls India Limited (ACIL)'. -"Bharat Forge secures maiden order from Ministry of Defence". -Bharat Forge awarded Daimler Supplier Award 2016. -"Kalyani Group and Israel Aerospace Industries to incorporate a JV in India to Manufacture Specific Air Defense Systems". -Bharat Forge Recognized by General Motors as a 2016 Supplier of the Year Winner. 2018 -BharatForge awarded "1st Winner Award for Lean Project under Lean Category" at 14th Lean Six Sigma Excellence Award 2018 Competition conducted by Symbiosis International. -Bharat Forge Ltd awarded AIMA Managing India Awards - Indian MNC of the Year. -Bharat Forge was honoured with Silver Award in the category of "Business Alignment" at the Ashok Leyland Conference on 20th April 2018. -Established E-Mobility Research & Development Centre in MIRA Technology Park, UK. -Bharat Forge Inaugurates "Industry 4.0 Centre of Excellence" in partnership with PTC. -"Bharat Forge Ltd takes a strategic stake in Electric Vehicle company, Tevva Motors (Jersey) Limited". 2019 -BFL was awarded the prestigious "Centenary Industry Excellence Award 2019" from Institution of Engineers. -Bharat Forge receives Quality Excellence award from Tata Motors Limited at the Supplier Conference in Rome. -Bharat Forge JV bags $100-mn Israel defence firm order for missile kits. 2020 -Winner of 'Golden Peacock Award for Corporate Social Responsibility' for the year 2019. -3rd Position Award in 10th Kaizen Competition. -Bharat Forge commences operations in 'graded manner'. -Bharat Forge launches Health Risk Monitoring System (HRMS) - An AI platform enabling Safe return to Workplace. 2021 -BFL received the Institution of Engineers (India) Industry Excellence award in the category of Engineering Manufacturing & Processing (EMP) in 36th Indian Engineering Congress held at Vigyan Bhawan. -CII-SR CFO Awards 2021 under the category of Manufacturing & Distribution. 2022 -Bharat Forge successfully completes acquisition of JS Autocast. -Bharat Forge Infrastructure Limited Signs Binding Agreement with Talgo India Private Limited. -Bharat Forge commences supply of forgings utilizing Green Steel, reinforcing company's commitment to reduce carbon footprint. 2023 Bharat Forge announces E-bike manufacturing facility at MIDC, 2024 -Bharat Forge Completed acquisition of AAM India Manufacturing Corporation Private Limited. -Bharat Forge enters into a Definitive Agreement to acquire AAM India Manufacturing Corporation Pvt.Ltd. -Bharat Forge Spearheads Sustainable Transformation of 100 Villages in Maharashtra.

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Parent Organisation

Bharat Forge Ltd.

Founded

19/06/1961

Managing Director

Mr.B N Kalyani

NSE Symbol

BHARATFORGEQ

FAQ

The current price of Bharat Forge Ltd is ₹ 1104.20.

The 52-week high for Bharat Forge Ltd is ₹ 1135.00 and the 52-week low is ₹ 1098.00.

The market capitalization of Bharat Forge Ltd is currently ₹ 52790.55. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy Bharat Forge Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in Bharat Forge Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase Bharat Forge Ltd shares.

The CEO of Bharat Forge Ltd is Mr.B N Kalyani, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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