Bharat Forge share price
NSE: BHARATFORGBSE: 500493Auto ComponentsMid Cap
Last close ₹1,711.20down ₹29.80 (1.71%)BSE ₹1,709.60
Share price at the NSE close on 23 Oct 2026. Previous close ₹1,741.00.
52-week range of traded prices to 23 Oct 2026
₹1,265.00Low, 23 Oct 2025₹2,295.00High, 10 Aug 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹83,621 Cr127th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 10 Aug 2026
- 118.4
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹512 crore of one-off items, the largest of them in the quarter to Jun 2026.
- 68.6
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 7 May 2026
- 8.7
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.50%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 10 Aug 2026
- 7.5%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹512 crore of one-off items, the largest of them in the quarter to Jun 2026.
- 13.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 10 Aug 2026
- 11.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 7 May 2026
- 0.72
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 9,15,93349.3% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 10 Aug
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹4,640 Crup 2.47%
- Net profitNet profit. Under it, net profit in the quarter before. A change in per cent is not worked out where either period is a loss or nothing.
- −₹90 CrQuarter to Mar 2026: ₹233 Cr
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- −1.9%
Revenue by year
Peak revenue ₹16,812 Cr, year to Mar 2026
Net profit by year, a loss in red
- Net profit
- Loss
A loss in 1 of the 10 years shown
| ₹ crore | Sep 2024Filed 14 Nov | Dec 2024Filed 13 Feb | Mar 2025Filed 10 Jun | Jun 2025Filed 6 Aug | Sep 2025Filed 11 Nov | Dec 2025Filed 12 Feb | Mar 2026Filed 7 May | Jun 2026Filed 10 Aug |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,689 | 3,476 | 3,853 | 3,909 | 4,032 | 4,343 | 4,528 | 4,640 |
| Net profit | 243 | 213 | 283 | 284 | 299 | 273 | 233 | −90 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 6.6% | 6.1% | 7.3% | 7.3% | 7.4% | 6.3% | 5.2% | −1.9% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- ForgingsForgings, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹13,929 Crup 7.46%78.0%
- DefenceDefence, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,757 Crdown 0.84%9.8%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2,170 Crup 127.92%12.2%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 77% of 2,170 trading days over the last 10 years.
LowestHighest
Its median46.5Industry median23.0
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 85% of 1,975 trading days since Nov 2018.
LowestHighest
Its median6.0Industry median2.5
EV to EBITDAEnterprise value to EBITDA. Market cap plus borrowings less cash and bank balances, divided by operating profit before depreciation (revenue less operating expenses, without other income and one-off items) over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly): what the whole business costs against the profit its operations make. Lease liabilities are not counted: the results filings do not state them.30.2
At or below today's level on 74% of 1,975 trading days since Nov 2018.
LowestHighest
Its median24.4Industry median13.1
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 26% of 2,480 trading days over the last 10 years.
LowestHighest
Its median0.68%Industry median0.63%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +43.7% | +12.6% | +27.2% | 0.5% |
| 3 years | +30.2% | +25.8% | +3.0% | 0.7% |
| 5 years | +23.7% | – | – | 0.8% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 1 and 3 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2025 and Mar 2026.
Mutual funds holding it
277 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 149 of the 185 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 8
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 10
- AddedAdded. Funds that held more shares than at the end of the month before.
- 138
- CutCut. Funds that held fewer shares than at the end of the month before.
- 47
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 73
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 9
| Fund | |||
|---|---|---|---|
 HDFC Defence FundHDFC Mutual Fund | 77,02,514 | 12.91% | ₹1,483.5 Cr |
 Kotak Flexi Cap FundKotak Mahindra Mutual Fund | 66,00,000 | 2.39% | ₹1,271.2 Cr |
| HDFC Mid Cap FundHDFC Mutual Fund | 64,36,155 | 1.22% | ₹1,239.6 Cr |
 Nippon India Growth Mid Cap FundNippon India Mutual Fund | 51,00,000 | 1.96% | ₹982.3 Cr |
 SBI Large & Midcap FundSBI Mutual Fund | 42,50,000 | 2.02% | ₹818.6 Cr |
| Kotak Mid Cap FundKotak Mahindra Mutual Fund | 42,25,903 | 1.22% | ₹813.9 Cr |
 Motilal Oswal Nifty India Defence Index FundMotilal Oswal Mutual Fund | 37,47,434 | 13.28% | ₹721.8 Cr |
| Kotak Large & Mid Cap FundKotak Mahindra Mutual Fund | 34,00,000 | 2.14% | ₹654.8 Cr |
 Axis Midcap FundAxis Mutual Fund | 32,75,869 | 1.88% | ₹630.9 Cr |
 ICICI Prudential Large & Mid Cap FundICICI Prudential Mutual Fund | 31,39,599 | 1.91% | ₹604.7 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Peers and competitors
Auto Components & Equipments, 155 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Bharat Forge in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Samvardhana Motherson InternationalMOTHERSON | 1,60,079 | 36.5 | 3.9 | 13.4 | +14.0% | +31.9% | 11.5% | 12.2% | 0.40% |
 BoschBOSCHLTD | 1,30,034 | 55.0 | 8.8 | 45.8 | +13.6% | −11.3% | 16.5% | 16.3% | 0.61% |
 UNO MindaUNOMINDA | 61,038 | 50.8 | 8.9 | 27.7 | +18.8% | +16.2% | 19.1% | 15.9% | 0.25% |
 Schaeffler IndiaSCHAEFFLER | 54,287 | 43.3 | 8.8 | 27.5 | +19.7% | +23.8% | 21.6% | 25.3% | 1.01% |
 Sona BLW Precision ForgingsSONACOMS | 46,988 | 68.0 | 7.9 | 38.8 | +40.5% | +18.3% | 12.0% | 14.3% | 0.45% |
 Tube Investments of IndiaTIINDIA | 40,263 | 66.4 | 5.2 | 17.3 | +17.6% | −6.1% | 9.1% | 10.7% | 0.17% |
 Endurance TechnologiesENDURANCE | 31,472 | 32.4 | 4.6 | 15.5 | +29.3% | +12.9% | 15.4% | 15.5% | 0.51% |
 Exide IndustriesEXIDEIND | 28,216 | 30.3 | 2.0 | 14.9 | +7.6% | +9.9% | 6.7% | 9.1% | 0.60% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.Highest ₹9.00 a share, year to Mar 2024.
| Ex-date | Type | Per share |
|---|---|---|
| 3 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹6.50 |
| 18 Feb 2026 | Interim | ₹2.00 |
| 4 Jul 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹6.00 |
| 18 Feb 2025 | Interim | ₹2.50 |
| 5 Jul 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹6.50 |
| 23 Feb 2024 | Interim | ₹2.50 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
16 Oct · Business
7 Oct · General Updates
Sep 2026
29 Sep · Meeting
23 Sep · Rating
Bharat Forge share price by year
Each calendar year to 2025.Bharat Forge share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,470.40 | +13.2% | 1,470.40 | 951.60 |
| 2024 | 1,299.50 | +4.9% | 1,791.40 | 1,092.45 |
| 2023 | 1,238.35 | +40.7% | 1,245.65 | 750.20 |
| 2022 | 879.85 | +26.1% | 908.65 | 604.00 |
| 2021 | 697.85 | +32.8% | 834.05 | 538.10 |
| 2020 | 525.30 | +8.7% | 557.50 | 218.50 |
| 2019 | 483.15 | −5.0% | 537.50 | 382.00 |
| 2018 | 508.70 | −30.5% | 789.85 | 496.95 |
| 2017 | 731.50 | +61.4% | 732.00 | 453.70 |
| 2016 | 453.28 | +1.6% | 499.53 | 356.25 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 1,738.00 | 1,740.90 | 1,680.40 | 1,711.20 | 1,699.73 | 9,15,933 | 49.3% |
| 22 Oct 2026 | 1,767.80 | 1,767.80 | 1,723.40 | 1,741.00 | 1,738.60 | 13,53,872 | 62.1% |
| 21 Oct 2026 | 1,801.00 | 1,810.90 | 1,746.00 | 1,774.00 | 1,762.97 | 6,84,721 | 56.0% |
| 19 Oct 2026 | 1,835.00 | 1,840.00 | 1,792.10 | 1,798.60 | 1,810.73 | 4,29,055 | 53.1% |
| 16 Oct 2026 | 1,860.00 | 1,865.00 | 1,825.00 | 1,835.00 | 1,834.99 | 14,88,820 | 69.1% |
| 15 Oct 2026 | 1,838.00 | 1,863.00 | 1,833.60 | 1,852.40 | 1,849.74 | 4,06,737 | 52.2% |
| 14 Oct 2026 | 1,839.00 | 1,864.50 | 1,828.50 | 1,838.80 | 1,843.38 | 4,83,316 | 44.7% |
| 13 Oct 2026 | 1,815.30 | 1,847.60 | 1,797.70 | 1,842.20 | 1,831.75 | 4,45,758 | 54.0% |
| 12 Oct 2026 | 1,814.60 | 1,839.60 | 1,806.60 | 1,815.30 | 1,819.75 | 11,89,319 | 59.0% |
| 9 Oct 2026 | 1,791.00 | 1,818.80 | 1,773.20 | 1,816.90 | 1,804.33 | 4,03,807 | 42.8% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 28 Sep 2017 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
About Bharat Forge
Bharat Forge Limited is an engineering and manufacturing company that makes safety-critical components and advanced solutions for the automotive, aerospace, defence, energy, rail, marine, oil and gas, construction and mining, and other industrial sectors. It handles design, product engineering, manufacturing, testing and validation, and serves customers worldwide. It was incorporated in 1961, and its registered office is in Mundhwa, Pune, Maharashtra.
The business is organised into automotive and industrial segments, with defence and aerospace as further areas of work. Its customer base is spread across automotive, defence, aerospace and high-growth industrial applications. The automotive business serves commercial vehicle and passenger vehicle makers. The industrial business serves sectors including oil and gas, construction and mining, rail and marine. In defence, the company works on artillery systems and protected and armoured vehicles. In aerospace, it makes landing gear and engine components.
Its manufacturing is based in India, with plants in Europe and North America as well. The Indian plants are in Pune, Baramati, Satara, Chakan, Vadodara, Coimbatore, Erode and Nellore. It is also building capabilities in semiconductors and data centres.
The company grew from a single-location forging business into a diversified, multi-product enterprise. It completed 60 years of manufacturing operations in July 2026. Its purchase of K Drive Mobility added axle design and assembly to its range, and K Drive has been a 100% subsidiary of the company since July 2025.
- Legal name
- Bharat Forge Limited
- NSE symbol
- BHARATFORG
- BSE code
- 500493
- ISIN
- INE465A01025
- Industry
- Auto Components
- Listed
- Mar 1964 on BSE, Apr 2003 on NSE
- Face value
- ₹2
- CIN
- L25209PN1961PLC012046
- Corporate identity number, the registrar of companies' code for it
In Nifty 200, BSE 200, Nifty 500, BSE 500, Nifty Midcap 150, BSE 150 MidCap Index