Bharat Forge shareholders and shareholding pattern

NSE: BHARATFORGBSE: 500493Auto ComponentsMid Cap

₹1,711.20₹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 cap: ₹83,621 Cr127th largest listed
P/E: 118.4
P/E without one-offs: 68.6
P/B: 8.7
Dividend yield: 0.50%
ROE: 7.5%
ROE without one-offs: 13.0%
ROCE: 11.9%
Debt to equity: 0.72
Volume, NSE: 9,15,93349.3% delivered

Who owns Bharat Forge, filing by filing

Per cent of the company's shares. The last ten years of filings, from Dec 2016; the latest is the filing for Sep 2026.

Sep 2026 filing

Promoters43.12%
Foreign institutions15.20%
Indian institutions33.04%
GovernmentsNone
Individuals and others8.64%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others

Per cent	Dec 2016Filed 31 May	Mar 2017Filed 31 May	Jun 2017Filed 31 May	Sep 2017Filed 31 May	Dec 2017Filed 31 May	Mar 2018Filed 13 Apr	Jun 2018Filed 16 Jul	Sep 2018Filed 20 Oct	Dec 2018Filed 17 Jan	Mar 2019Filed 16 Apr	Jun 2019Filed 19 Jul	Sep 2019Filed 18 Oct	Dec 2019Filed 18 Jan	Mar 2020Filed 13 May	Jun 2020Filed 11 Jul	Sep 2020Filed 20 Oct	Dec 2020Filed 19 Jan	Mar 2021Filed 16 Apr	Jun 2021Filed 20 Jul	Sep 2021Filed 13 Oct	Dec 2021Filed 19 Jan	Mar 2022Filed 20 Apr	Jun 2022Filed 20 Jul	Sep 2022Filed 21 Oct	Dec 2022Filed 17 Jan	Mar 2023Filed 20 Apr	Jun 2023Filed 14 Jul	Sep 2023Filed 17 Oct	Dec 2023Filed 18 Jan	Mar 2024Filed 18 Apr	Jun 2024Filed 15 Jul	Sep 2024Filed 15 Oct	Dec 2024Filed 17 Jan	Mar 2025Filed 21 Apr	Jun 2025Filed 18 Jul	Sep 2025Filed 14 Oct	Dec 2025Filed 13 Jan	Mar 2026Filed 16 Apr	Jun 2026Filed 16 Jul	Sep 2026Filed 16 Oct
	46.24%	46.24%	46.24%	46.24%	46.24%	45.75%	45.75%	45.77%	45.77%	45.77%	45.76%	45.76%	45.76%	45.76%	45.76%	45.76%	45.76%	45.76%	44.76%	44.76%	44.76%	45.25%	45.25%	45.25%	45.25%	45.25%	45.25%	45.25%	45.25%	45.25%	45.25%	45.25%	44.07%	44.07%	44.07%	44.07%	44.07%	44.07%	44.07%	43.12%
Indian promoters	46.24%	46.24%	46.24%	46.24%	46.24%	45.75%	45.75%	45.77%	45.77%	45.77%	45.76%	45.76%	45.76%	45.76%	45.76%	45.76%	45.76%	45.76%	44.76%	44.76%	44.76%	45.25%	45.25%	45.25%	45.25%	45.25%	45.25%	45.25%	45.25%	45.25%	45.25%	45.25%	44.07%	44.07%	44.07%	44.07%	44.07%	44.07%	44.07%	43.12%
	53.76%	53.76%	53.76%	53.76%	53.76%	54.26%	54.25%	54.23%	54.24%	54.24%	54.24%	54.24%	54.24%	54.24%	54.24%	54.24%	54.24%	54.24%	55.24%	55.24%	55.24%	54.75%	54.75%	54.75%	54.75%	54.75%	54.75%	54.75%	54.75%	54.75%	54.75%	54.75%	55.93%	55.93%	55.93%	55.93%	55.93%	55.93%	55.93%	56.88%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	19.30%	17.88%	16.17%	15.79%	16.28%	16.60%	16.47%	17.03%	18.72%	17.88%	16.07%	14.37%	13.62%	12.40%	14.15%	15.04%	15.20%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	17.88%	15.88%	15.49%	15.92%	16.20%	16.08%	16.54%	17.97%	17.22%	15.63%	13.91%	13.27%	12.05%	13.68%	14.38%	14.68%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	19.30%	Under 0.01%	0.29%	0.30%	0.36%	0.40%	0.40%	0.50%	0.75%	0.65%	0.45%	0.46%	0.35%	0.35%	0.47%	0.66%	0.52%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	0.00%	0.00%	0.00%	Under 0.01%
Overseas Corporate Bodies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	24.73%	26.28%	27.89%	28.80%	28.12%	27.94%	28.24%	28.13%	26.47%	28.50%	30.35%	31.41%	32.26%	34.23%	32.76%	32.34%	33.04%
Mutual funds	7.29%	7.21%	6.71%	7.27%	7.82%	7.49%	7.91%	7.09%	6.83%	7.07%	7.51%	7.85%	8.38%	8.95%	8.37%	9.52%	10.63%	10.70%	10.92%	12.21%	14.32%	17.64%	18.90%	18.04%	19.47%	19.89%	20.28%	19.81%	19.84%	19.82%	19.35%	16.46%	18.85%	20.76%	21.20%	21.51%	22.70%	21.05%	20.74%	21.71%
Insurance companies	1.29%	1.17%	1.10%	1.12%	1.27%	1.28%	1.39%	1.49%	1.55%	1.60%	1.60%	1.60%	1.60%	1.56%	1.56%	1.50%	1.22%	1.18%	1.01%	0.89%	5.47%	5.71%	5.24%	5.05%	4.98%	5.62%	5.73%	5.68%	5.16%	5.27%	5.97%	7.17%	7.37%	7.99%	8.42%	8.86%	8.94%	8.42%	7.67%	7.20%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.16%	0.09%	0.15%	0.30%	0.01%	0.11%	0.14%	0.02%	0.04%	0.01%	0.01%	0.01%	0.01%	0.01%	0.08%	0.05%	0.08%
Provident and pension funds	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.19%	1.33%	1.70%	2.11%	2.19%	2.34%	2.57%	2.36%	2.38%	1.82%	1.27%	1.45%	1.60%	2.32%	2.95%	3.48%	3.76%
Alternative investment funds	–	–	–	–	–	0.00%	0.00%	0.03%	0.04%	0.21%	0.22%	0.05%	0.05%	0.18%	0.20%	0.23%	0.22%	0.19%	0.19%	0.17%	0.19%	0.17%	0.09%	0.11%	0.22%	0.34%	0.19%	0.26%	0.29%	0.26%	0.26%	0.27%	0.30%	0.17%	0.18%	0.13%	0.11%	0.12%	0.17%	0.14%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Other financial institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	0.00%	0.07%	Under 0.01%
Sovereign wealth funds, Indian	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.16%	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	0.16%	0.15%	0.15%	0.15%	0.15%	0.15%	0.15%	0.15%	0.00%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	0.00%	0.00%	0.00%	0.15%
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.15%
Trust	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	–	0.00%	0.00%	0.00%	0.00%
Central government	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	–	0.00%	0.00%	0.00%	0.00%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10.72%	10.59%	10.69%	10.16%	10.34%	10.21%	10.03%	9.58%	9.55%	9.55%	9.50%	10.15%	10.05%	9.30%	9.01%	8.55%	8.64%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7.82%	7.74%	7.89%	7.50%	7.46%	7.47%	7.39%	7.09%	7.18%	7.19%	7.04%	7.35%	7.34%	6.82%	6.76%	6.48%	6.62%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.49%	0.53%	0.54%	0.59%	0.61%	0.54%	0.42%	0.39%	0.32%	0.28%	0.40%	0.43%	0.49%	0.53%	0.46%	0.28%	0.25%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.64%	0.62%	0.65%	0.55%	0.63%	0.61%	0.59%	0.56%	0.51%	0.54%	0.48%	0.77%	0.62%	0.47%	0.45%	0.50%	0.48%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.60%	0.62%	0.63%	0.58%	0.60%	0.60%	0.60%	0.58%	0.58%	0.57%	0.59%	0.63%	0.65%	0.63%	0.61%	0.61%	0.60%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.11%	0.12%	0.12%	0.12%	0.14%	0.14%	0.14%	0.14%	0.14%	0.15%	0.16%	0.16%	0.16%	0.17%	0.18%	0.17%	0.17%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.05%	0.96%	0.86%	0.82%	0.90%	0.85%	0.89%	0.82%	0.82%	0.82%	0.82%	0.81%	0.79%	0.67%	0.54%	0.50%	0.51%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	0.03%	0.03%	Under 0.01%	Under 0.01%	0.03%	0.04%	0.04%	0.04%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.78%	0.79%	0.80%	0.79%	0.79%	0.79%	0.78%	0.77%	0.77%	0.77%	0.76%	0.65%	0.66%	0.44%	0.43%	0.41%	0.42%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.24%	0.12%	0.01%	Under 0.01%	0.08%	Under 0.01%	0.06%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.10%	0.07%	0.18%	0.06%	0.03%	0.05%
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	–	0.02%	–	–	–	–	–	–	–	–	–	–	–
Director or Director's Relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–	–	–	–	–	–
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–	–	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	0.02%	–	0.02%	–	–	–	–	–	–	–	–	–	–	–	–
Foreign Portfolio Investor (Category - III)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–
1. Larsen And Toubro Gratuity Fund 2. L And T Officers And Supervisors Gratuity Fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–
Promoter shares pledgedShare of the promoters' own shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.20%	7.20%	7.12%	7.12%	7.12%	7.12%	7.12%	7.12%	7.12%	7.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Shares in issue	23,27,94,316	23,27,94,316	23,27,94,316	23,27,94,316	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	46,55,88,632	47,80,88,632	47,80,88,632	47,80,88,632	47,80,88,632	47,80,88,632	47,80,88,632	47,80,88,632	48,86,70,642
Shares underlying depositary receipts	9,200	9,200	9,200	9,200	18,400	18,400	18,400	18,400	18,400	18,400	800	800	800	800	800	800	800	800	800	800	800	800	800	800	800	800	800	800	800	800	800	800	0	0	–	–	–	–	–	–

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Bharat Forge shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016Filed 31 May	Mar 2017Filed 31 May	Jun 2017Filed 31 May	Sep 2017Filed 31 May	Dec 2017Filed 31 May	Mar 2018Filed 13 Apr	Jun 2018Filed 16 Jul	Sep 2018Filed 20 Oct	Dec 2018Filed 17 Jan	Mar 2019Filed 16 Apr	Jun 2019Filed 19 Jul	Sep 2019Filed 18 Oct	Dec 2019Filed 18 Jan	Mar 2020Filed 13 May	Jun 2020Filed 11 Jul	Sep 2020Filed 20 Oct	Dec 2020Filed 19 Jan	Mar 2021Filed 16 Apr	Jun 2021Filed 20 Jul	Sep 2021Filed 13 Oct	Dec 2021Filed 19 Jan	Mar 2022Filed 20 Apr	Jun 2022Filed 20 Jul	Sep 2022Filed 21 Oct	Dec 2022Filed 17 Jan	Mar 2023Filed 20 Apr	Jun 2023Filed 14 Jul	Sep 2023Filed 17 Oct	Dec 2023Filed 18 Jan	Mar 2024Filed 18 Apr	Jun 2024Filed 15 Jul	Sep 2024Filed 15 Oct	Dec 2024Filed 17 Jan	Mar 2025Filed 21 Apr	Jun 2025Filed 18 Jul	Sep 2025Filed 14 Oct	Dec 2025Filed 13 Jan	Mar 2026Filed 16 Apr	Jun 2026Filed 16 Jul	Sep 2026Filed 16 Oct
All shareholders	1,04,787	1,03,386	1,01,935	1,11,037	1,16,593	1,20,548	1,26,813	1,32,833	1,41,918	1,42,063	1,46,265	1,44,115	1,37,458	1,32,757	1,41,297	1,50,263	1,44,820	1,44,297	1,36,944	1,41,346	1,51,059	1,53,718	1,56,445	1,58,845	1,55,734	1,62,105	1,56,686	1,69,954	1,79,683	1,89,104	1,82,988	1,99,721	2,07,810	2,14,725	2,42,732	2,49,520	2,27,160	2,28,156	2,32,361	2,26,687
	25	25	25	25	25	22	22	22	22	22	21	21	21	21	21	21	22	22	22	22	22	25	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27
Indian promoters	25	25	25	25	25	22	22	22	22	22	21	21	21	21	21	21	22	22	22	22	22	25	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27
	1,04,761	1,03,360	1,01,909	1,11,011	1,16,567	1,20,525	1,26,790	1,32,810	1,41,895	1,42,040	1,46,243	1,44,093	1,37,436	1,32,735	1,41,275	1,50,241	1,44,797	1,44,274	1,36,921	1,41,323	1,51,036	1,53,692	1,56,417	1,58,817	1,55,706	1,62,077	1,56,658	1,69,926	1,79,655	1,89,076	1,82,960	1,99,693	2,07,783	2,14,698	2,42,705	2,49,493	2,27,133	2,28,129	2,32,334	2,26,660
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	433	454	446	447	458	467	475	497	516	507	454	445	443	454	515	547	542
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	453	423	427	436	445	455	473	492	482	436	425	426	437	492	519	520
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	433	1	23	20	22	22	20	24	24	25	18	20	17	17	23	28	21
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	–	0	0	0	1
Overseas Corporate Bodies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	76	85	87	78	78	85	86	90	93	96	83	87	78	81	91	111	118
Mutual funds	100	107	93	85	25	23	26	24	25	24	22	22	18	23	19	27	26	27	28	29	33	29	26	27	32	30	29	31	29	29	31	32	34	30	31	29	31	33	36	40
Insurance companies	4	4	4	4	5	5	5	5	5	5	5	5	5	5	5	5	5	5	4	4	23	21	23	20	22	22	21	24	25	24	23	23	24	23	24	22	22	27	27	28
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8	8	9	13	7	8	9	8	10	7	7	7	7	7	8	8	13
Provident and pension funds	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Alternative investment funds	–	–	–	–	–	0	0	3	3	6	7	5	7	8	9	6	5	4	5	7	9	10	8	10	15	19	8	9	16	16	20	20	23	15	18	13	14	17	33	25
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6	3	2	2	2	2	3	3	3	3	3	2	2	4	3	3	4
Other financial institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	2	2	2	2	2	0	0	1	1
Sovereign wealth funds, Indian	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	0
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	–	0	0	0	6
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2
Trust	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	1	1	1	1	1	1	1	0	–	0	0	0	0
Central government	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	1	1	1	1	1	1	1	0	–	0	0	0	0
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,58,308	1,55,167	1,61,544	1,56,133	1,69,389	1,79,102	1,88,514	1,82,372	1,99,083	2,07,179	2,14,160	2,42,173	2,48,972	2,26,598	2,27,523	2,31,676	2,26,000
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,50,115	1,46,888	1,52,921	1,48,708	1,61,429	1,70,612	1,79,579	1,74,116	1,90,581	1,98,232	2,04,853	2,32,015	2,38,524	2,16,615	2,17,055	2,20,649	2,14,715
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	11	12	12	13	14	13	10	10	9	8	8	9	9	10	9	8	8
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,019	1,061	1,095	864	947	1,026	1,130	1,001	932	1,021	996	1,070	1,030	931	947	1,084	1,144
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4,568	4,612	4,787	4,020	4,281	4,610	4,933	4,618	4,724	4,876	5,180	5,622	5,779	5,766	6,244	6,559	6,668
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	1	1	1	1	1	1	2	2	2	2	2	3	3	4
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8	8	8	9	7	7	7	5	5	5	5	5	5	5	5	5	5
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2,583	2,582	2,717	2,517	2,709	2,831	2,852	2,619	2,829	3,033	3,114	3,448	3,621	3,267	3,258	3,366	3,454
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13	15	16	12	15	16	13	12	13	14	18	17	17	12	15	22	21
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2,422	2,448	2,582	2,435	2,605	2,718	2,823	2,592	2,801	3,006	3,084	3,418	3,540	3,195	3,186	3,284	3,383
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	93	48	46	11	14	9	12	11	13	11	10	11	62	58	55	58	50
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	57	–	84	–	–	–	–	–	–	–	–	–	–	–
Director or Director's Relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	–	–	–	–	–	–	–	–	–
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	–	–	–	–	–	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	53	69	70	–	73	–	–	–	–	–	–	–	–	–	–	–	–
Foreign Portfolio Investor (Category - III)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	–	–	–	–	–	–	–	–	–	–	–	–
1. Larsen And Toubro Gratuity Fund 2. L And T Officers And Supervisors Gratuity Fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	–

Bharat Forge promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is KALYANI INVESTMENT COMPANY LIMITED, 12.96%. The filing names 1 more member with no shares.Promoter buying and selling

Holder
KALYANI INVESTMENT COMPANY LIMITEDIndian companies, trusts and others	12.96%	6,33,12,190	6,33,12,190
SUNDARAM TRADING AND INVESTMENT PVT LTDIndian companies, trusts and others	11.31%	5,52,52,924	5,52,52,924
KSL HOLDINGS PRIVATE LIMITEDIndian companies, trusts and others	9.47%	4,62,85,740	4,62,85,740
BF INVESTMENT LIMITEDIndian companies, trusts and others	3.20%	1,56,14,676	1,56,14,676
AJINKYA INVESTMENT AND TRADING COMPANYIndian companies, trusts and others	3.07%	1,49,81,850	1,49,81,850
JANNHAVI INVESTMENT PVT. LTD.Indian companies, trusts and others	0.96%	46,86,640	2,51,500
YUSMARG INVESTMENT AND TRADING PVT.LTD.Indian companies, trusts and others	0.38%	18,47,000	2,03,000
RAJGAD TRADING COMPANY PVT.LTD.Indian companies, trusts and others	0.28%	13,60,260	34,240
DANDAKARANYA INVESTMENT & TRADING PVT LTDIndian companies, trusts and others	0.23%	11,07,350	82,350
KALYANI EXPORT & INVESTMENT PVT. LTDIndian companies, trusts and others	0.21%	10,03,240	10,03,240
KALYANI CONSULTANTS PRIVATE LIMITEDIndian companies, trusts and others	0.19%	9,36,472	2,79,472
TANGMARG INVESTMENT AND TRADING PVT.LTD.Indian companies, trusts and others	0.19%	9,04,200	1,28,200
CAMPANULA INVESTMENT & FINANCE PRIVATE LIMITEDIndian companies, trusts and others	0.15%	7,39,980	51,090
AMIT BABASAHEB KALYANIIndividuals and Hindu undivided families	0.14%	7,00,350	7,00,350
GAURISHANKAR NEELKANTH KALYANIIndividuals and Hindu undivided families	0.14%	6,90,440	6,90,440
CORNFLOWER INVESTMENT & FINANCE PRIVATE LIMITEDIndian companies, trusts and others	0.11%	5,33,900	39,900
HASTINAPUR INVESTMENT & TRADING PVT LTDIndian companies, trusts and others	0.04%	1,78,800	10,800
ABOLI INVESTMENT PVT LTD.Indian companies, trusts and others	0.03%	1,27,872	1,27,872
DRONACHARYA INVESTMENT AND TRADING LIMITEDIndian companies, trusts and others	0.03%	1,52,980	11,550
ROHINI GAURISHANKAR KALYANIIndividuals and Hindu undivided families	0.02%	80,870	80,870
BABASAHEB NEELKANTH KALYANIIndividuals and Hindu undivided families	0.02%	78,150	78,150
WATHAR INVESTMENT & TRADING CO. PVT. LTDIndian companies, trusts and others	0.01%	61,320	61,320
VIRAJ GAURISHANKAR KALYANIIndividuals and Hindu undivided families	0.00%	22,800	22,800
SHEETAL GAURISHANKAR KALYANIIndividuals and Hindu undivided families	0.00%	22,980	22,980
ROHINI GAURISHANKAR KALYANI (TRUSTEE OF SHEETAL KALYANI TRUST)Individuals and Hindu undivided families	0.00%	10,000	10,000
ROHINI GAURISHANKAR KALYANI (TRUSTEE OF GNK FAMILY TRUST)Individuals and Hindu undivided families	0.00%	10,590	10,590
DEEKSHA AMIT KALYANIIndividuals and Hindu undivided families	0.00%	50	50

No promoter shares are reported as pledged. In demat is the part of the holding kept electronically; the rest is paper certificates.

Largest public holders of Bharat Forge, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding Bharat Forge

Holder	Dec 2016Filed 31 May	Mar 2017Filed 31 May	Jun 2017Filed 31 May	Sep 2017Filed 31 May	Dec 2017Filed 31 May	Mar 2018Filed 13 Apr	Jun 2018Filed 16 Jul	Sep 2018Filed 20 Oct	Dec 2018Filed 17 Jan	Mar 2019Filed 16 Apr	Jun 2019Filed 19 Jul	Sep 2019Filed 18 Oct	Dec 2019Filed 18 Jan	Mar 2020Filed 13 May	Jun 2020Filed 11 Jul	Sep 2020Filed 20 Oct	Dec 2020Filed 19 Jan	Mar 2021Filed 16 Apr	Jun 2021Filed 20 Jul	Sep 2021Filed 13 Oct	Dec 2021Filed 19 Jan	Mar 2022Filed 20 Apr	Jun 2022Filed 20 Jul	Sep 2022Filed 21 Oct	Dec 2022Filed 17 Jan	Mar 2023Filed 20 Apr	Jun 2023Filed 14 Jul	Sep 2023Filed 17 Oct	Dec 2023Filed 18 Jan	Mar 2024Filed 18 Apr	Jun 2024Filed 15 Jul	Sep 2024Filed 15 Oct	Dec 2024Filed 17 Jan	Mar 2025Filed 21 Apr	Jun 2025Filed 18 Jul	Sep 2025Filed 14 Oct	Dec 2025Filed 13 Jan	Mar 2026Filed 16 Apr	Jun 2026Filed 16 Jul	Sep 2026Filed 16 Oct
NPS TRUST A/C - LIC PFL NPS SMART BALANCE TIER IProvident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.76%
LICI NEW PENSION PLUS GROWTH FUNDInsurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.45%
SBI LIFE INSURANCE CO. LTDInsurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.28%	1.72%	1.81%	1.04%	–	1.12%	1.31%	1.40%	1.17%	1.15%	1.12%	1.06%	1.08%	1.23%	1.42%	1.23%	1.72%	1.74%	1.71%	1.82%	1.65%
GOVERNMENT OF SINGAPOREForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.11%	1.01%	–	–	–	1.53%	1.44%	1.29%	1.16%	1.27%	–	–	–	–	–	1.24%	2.06%	2.13%	2.02%	–	–	–	–	–	1.07%
HDFC LIFE INSURANCE COMPANY LIMITEDInsurance companies	–	–	–	–	–	–	–	–	–	–	1.20%	–	1.21%	1.34%	1.09%	1.10%	1.09%	1.09%	1.09%	1.10%	1.13%	1.36%	1.45%	1.43%	1.37%	1.36%	1.22%	1.07%	1.03%	–	–	–	1.11%	1.07%	1.06%	1.05%	1.03%	–	1.00%	1.02%
NPS Trust- A/C SBI Pension Fund Scheme - State Govt.Provident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.08%	1.19%	1.33%	1.70%	2.11%	–	–	–	–	–	–	–	–	–	–	–	3.48%	–
Life Insurance Corporation of IndiaInsurance companies	–	–	–	2.96%	3.76%	3.61%	3.12%	3.12%	3.51%	3.51%	3.51%	3.94%	4.31%	4.66%	4.66%	4.90%	2.22%	2.23%	2.28%	–	–	–	–	–	–	–	1.28%	1.44%	1.13%	1.83%	2.48%	3.55%	3.46%	4.04%	4.95%	4.96%	4.96%	4.46%	3.41%	–
NPS Trust- A/C HDFC Pension Fund Management Limited Scheme E - Tier IProvident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.45%	1.60%	2.32%	2.95%	–	–
Amansa Holdings Private LimitedForeign portfolio investors, category I	1.12%	1.20%	1.07%	1.07%	1.07%	1.07%	1.24%	1.34%	1.88%	2.20%	2.52%	2.79%	2.79%	2.83%	3.05%	3.05%	2.82%	2.87%	2.96%	2.96%	3.28%	3.37%	3.35%	3.35%	3.17%	2.87%	2.87%	2.87%	2.68%	2.54%	2.06%	2.06%	1.99%	1.93%	1.62%	1.62%	1.14%	–	–	–
NPS Trust - HDFC Pension Fund Management Limited Scheme E -Tier 1Provident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.27%	–	–	–	–	–	–
Nps Trust- A/C Hdfc Pension Management Company Ltd Scheme E - Tier IProvident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.19%	2.34%	2.57%	2.36%	2.38%	1.82%	–	–	–	–	–	–	–
FEDERATED HERMES INVESTMENT FUNDS PLCForeign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.71%	–	1.22%	1.06%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
FEDERATED HERMES INVESTMENT FUNDS PLC ON BEHALF OF FEDERATED HERMES GLOBAL EMERGING MARKETS EQUITYInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.16%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GOVERNMENT PENSION FUND GLOBALInstitutions Foreign Portfolio Investor	1.97%	1.90%	1.90%	2.06%	1.44%	1.21%	–	–	–	–	–	–	–	–	–	–	1.02%	1.04%	1.30%	1.14%	1.20%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
CALVERT EMERGING MARKETS EQUITY FUNDInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.23%	1.02%	1.30%	1.59%	1.41%	1.30%	1.02%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
HERMES INVESTMENT FUNDS PLC ON BEHALF OF HERMES GLOBAL EMERGING MARKETS FUNDInstitutions Foreign Portfolio Investor	–	–	–	–	1.07%	1.23%	1.23%	1.57%	1.17%	1.24%	–	1.37%	1.92%	1.99%	2.52%	1.84%	2.24%	2.79%	2.50%	2.19%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
NPS TRUST-A/C UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME-STATE GOVTOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.46%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
NPS TRUST- A/C LIC PENSION FUND SCHEME - STATE GOVTOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.06%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GAGANDEEP CREDIT CAPITAL PVT LTDOther non-institutions	–	–	–	–	1.59%	–	–	–	–	–	1.56%	1.56%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
HDFC STANDARD LIFE INSURANCE COMPANY LIMITEDOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	1.24%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
HERMES INVESTMENT FUNDS PLC ON BEHALF OF HERMS GLOBAL EMERGING MARKET FUNDInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	1.24%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
FRANKLIN TEMPLETON INVESTMENT FUNDSInstitutions Foreign Portfolio Investor	1.25%	1.24%	1.22%	1.22%	1.04%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LIFE INSURANCE CORPORATION OF INDIA AND LIFE INSURANCE CORPORATION OF INDIA P & GS FUNDFinancial Institution Or Banks	6.95%	–	6.06%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LIFE INSURANCE CORPORATION OF INDIA & LIFE INSURANCE CORPORATION OF INDIA P & GS FUNDFinancial Institution Or Banks	–	6.32%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
COPTHALL MAURITIUS INVESTMENT LIMITEDInstitutions Foreign Portfolio Investor	–	1.06%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.