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5004

Bharat ForgeBSE:500493 Stock Report

Last Price

₹729.60

Market Cap

₹339.7b

7D

-4.1%

1Y

19.9%

Updated

25 Jan, 2022

Data

Company Financials +
500493 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance1/6
Financial Health3/6
Dividends4/6

500493 Stock Overview

Bharat Forge Limited manufactures and sells forged and machined components in India and internationally.

Bharat Forge Competitors

Motherson Sumi Systems

BSE:517334

₹567.4b

Bosch

BSE:500530

₹479.9b

Sona BLW Precision Forgings

BSE:543300

₹379.4b

Minda Industries

BSE:532539

₹306.1b

Price History & Performance

Summary of all time highs, changes and price drops for Bharat Forge
Historical stock prices
Current Share Price₹729.60
52 Week High₹848.00
52 Week Low₹555.60
Beta1.35
1 Month Change5.59%
3 Month Change-6.65%
1 Year Change19.88%
3 Year Change50.59%
5 Year Change57.02%
Change since IPO13,386.14%

Recent News & Updates

Shareholder Returns

500493IN Auto ComponentsIN Market
7D-4.1%-7.3%-7.0%
1Y19.9%26.5%29.6%

Return vs Industry: 500493 underperformed the Indian Auto Components industry which returned 26.5% over the past year.

Return vs Market: 500493 underperformed the Indian Market which returned 29.6% over the past year.

Price Volatility

Is 500493's price volatile compared to industry and market?
500493 volatility
500493 Average Weekly Movement4.7%
Auto Components Industry Average Movement6.0%
Market Average Movement6.7%
10% most volatile stocks in IN Market10.0%
10% least volatile stocks in IN Market4.0%

Stable Share Price: 500493 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 500493's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19614,394Baba Kalyanihttps://www.bharatforge.com

Bharat Forge Limited manufactures and sells forged and machined components in India and internationally. It operates in two segments, Forgings and Others. The company offers automotive components, including crankshafts, connecting rods, emission/after treatment, fuel injection systems, chassis, and transmission and driveline components; and power generation components for thermal, hydro, and wind energy.

Bharat Forge Fundamentals Summary

How do Bharat Forge's earnings and revenue compare to its market cap?
500493 fundamental statistics
Market Cap₹339.69b
Earnings (TTM)₹4.24b
Revenue (TTM)₹82.99b

80.1x

P/E Ratio

4.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
500493 income statement (TTM)
Revenue₹82.99b
Cost of Revenue₹31.90b
Gross Profit₹51.09b
Expenses₹46.85b
Earnings₹4.24b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)9.11
Gross Margin61.56%
Net Profit Margin5.11%
Debt/Equity Ratio92.2%

How did 500493 perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

22%

Payout Ratio

Valuation

Is Bharat Forge undervalued compared to its fair value and its price relative to the market?

4.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 500493 (₹729.6) is trading below our estimate of fair value (₹761.25)

Significantly Below Fair Value: 500493 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 500493 is poor value based on its PE Ratio (80.1x) compared to the Indian Auto Components industry average (21.3x).

PE vs Market: 500493 is poor value based on its PE Ratio (80.1x) compared to the Indian market (22x).


Price to Earnings Growth Ratio

PEG Ratio: 500493 is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: 500493 is overvalued based on its PB Ratio (5.8x) compared to the IN Auto Components industry average (2.3x).


Future Growth

How is Bharat Forge forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?

25.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500493's forecast earnings growth (25.7% per year) is above the savings rate (6.7%).

Earnings vs Market: 500493's earnings (25.7% per year) are forecast to grow faster than the Indian market (21.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 500493's revenue (14.8% per year) is forecast to grow faster than the Indian market (12.9% per year).

High Growth Revenue: 500493's revenue (14.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 500493's Return on Equity is forecast to be high in 3 years time (22.6%)


Past Performance

How has Bharat Forge performed over the past 5 years?

-45.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500493 has a large one-off loss of ₹2.5B impacting its September 30 2021 financial results.

Growing Profit Margin: 500493 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 500493's earnings have declined by 45% per year over the past 5 years.

Accelerating Growth: 500493 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 500493 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto Components industry (115.3%).


Return on Equity

High ROE: 500493's Return on Equity (7.3%) is considered low.


Financial Health

How is Bharat Forge's financial position?


Financial Position Analysis

Short Term Liabilities: 500493's short term assets (₹69.6B) exceed its short term liabilities (₹54.3B).

Long Term Liabilities: 500493's short term assets (₹69.6B) exceed its long term liabilities (₹30.2B).


Debt to Equity History and Analysis

Debt Level: 500493's net debt to equity ratio (53.5%) is considered high.

Reducing Debt: 500493's debt to equity ratio has increased from 85.5% to 92.2% over the past 5 years.

Debt Coverage: 500493's debt is not well covered by operating cash flow (12%).

Interest Coverage: 500493's interest payments on its debt are well covered by EBIT (10.1x coverage).


Balance Sheet


Dividend

What is Bharat Forge current dividend yield, its reliability and sustainability?

0.41%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 500493's dividend (0.41%) is higher than the bottom 25% of dividend payers in the Indian market (0.32%).

High Dividend: 500493's dividend (0.41%) is low compared to the top 25% of dividend payers in the Indian market (1.39%).


Stability and Growth of Payments

Stable Dividend: 500493's dividend payments have been volatile in the past 10 years.

Growing Dividend: 500493's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.9%), 500493's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 500493's dividends in 3 years are forecast to be well covered by earnings (17.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.5yrs

Average management tenure


CEO

Baba Kalyani (72 yo)

no data

Tenure

₹152,566,458

Compensation

Dr. Babasaheb Neelkanth Kalyani, also known as Baba, B.E. (Mech.) (Hons.), M.S. (MIT) has been the Managing Director of Bharat Forge Limited since 1993 and has been its Chairman of the Board since August 1...


CEO Compensation Analysis

Compensation vs Market: Baba's total compensation ($USD2.04M) is above average for companies of similar size in the Indian market ($USD574.24K).

Compensation vs Earnings: Baba's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 500493's management team is seasoned and experienced (6.5 years average tenure).


Board Members

Experienced Board: 500493's board of directors are seasoned and experienced ( 15.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bharat Forge Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Bharat Forge Limited
  • Ticker: 500493
  • Exchange: BSE
  • Founded: 1961
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: ₹339.693b
  • Shares outstanding: 465.59m
  • Website: https://www.bharatforge.com

Number of Employees


Location

  • Bharat Forge Limited
  • Pune Cantonment
  • Mundhwa
  • Pune
  • Maharashtra
  • 411036
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/25 15:51
End of Day Share Price2022/01/25 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.