| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 5/6 |
| Past Performance | 1/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
500493 Stock Overview
Bharat Forge Limited manufactures and sells forged and machined components in India and internationally.
Bharat Forge Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹729.60 |
| 52 Week High | ₹848.00 |
| 52 Week Low | ₹555.60 |
| Beta | 1.35 |
| 1 Month Change | 5.59% |
| 3 Month Change | -6.65% |
| 1 Year Change | 19.88% |
| 3 Year Change | 50.59% |
| 5 Year Change | 57.02% |
| Change since IPO | 13,386.14% |
Recent News & Updates
Shareholder Returns
| 500493 | IN Auto Components | IN Market | |
|---|---|---|---|
| 7D | -4.1% | -7.3% | -7.0% |
| 1Y | 19.9% | 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
| 500493 volatility | |
|---|---|
| 500493 Average Weekly Movement | 4.7% |
| Auto Components Industry Average Movement | 6.0% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in IN Market | 10.0% |
| 10% least volatile stocks in IN Market | 4.0% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1961 | 4,394 | Baba Kalyani | https://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
| 500493 fundamental statistics | |
|---|---|
| Market Cap | ₹339.69b |
| Earnings (TTM) | ₹4.24b |
| Revenue (TTM) | ₹82.99b |
80.1x
P/E Ratio4.1x
P/S RatioIs 500493 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 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 Margin | 61.56% |
| Net Profit Margin | 5.11% |
| Debt/Equity Ratio | 92.2% |
How did 500493 perform over the long term?
See historical performance and comparisonDividends
0.4%
Current Dividend Yield22%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/25 15:51 |
| End of Day Share Price | 2022/01/25 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2021/03/31 |
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.