Bharat Forge Limited

BSE:500493 Stock Report

Market Cap: ₹595.8b

Bharat Forge Valuation

Is 500493 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 500493 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 500493 (₹1279.75) is trading above our estimate of fair value (₹734.7)

Significantly Below Fair Value: 500493 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 500493?

Key metric: As 500493 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 500493. This is calculated by dividing 500493's market cap by their current earnings.
What is 500493's PE Ratio?
PE Ratio62.9x
Earnings₹9.47b
Market Cap₹595.84b

Price to Earnings Ratio vs Peers

How does 500493's PE Ratio compare to its peers?

The above table shows the PE ratio for 500493 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average68.7x
532539 Uno Minda
65.2x21.0%₹603.9b
TIINDIA Tube Investments of India
116.4x17.1%₹700.1b
SONACOMS Sona BLW Precision Forgings
64.5x25.1%₹365.7b
517334 Samvardhana Motherson International
28.9x21.1%₹1.1t
500493 Bharat Forge
62.9x28.1%₹595.8b

Price-To-Earnings vs Peers: 500493 is good value based on its Price-To-Earnings Ratio (62.9x) compared to the peer average (68.7x).

Price to Earnings Ratio vs Industry

How does 500493's PE Ratio compare vs other companies in the IN Auto Components Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
513262 Steel Strips Wheels
4.8x-31.3%US$371.19m
INNOVATIVE Innovative Tyres & Tubes
0.3xn/aUS$1.22m
505100 India Radiators
0.9xn/aUS$98.55k
523415 Coventry Coil-O-Matic (Haryana)
0.9xn/aUS$88.40k
No more companies available in this PE range
500493 62.9xIndustry Avg. 32.9xNo. of Companies16PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 500493 is expensive based on its Price-To-Earnings Ratio (62.9x) compared to the Indian Auto Components industry average (32.9x).

Price to Earnings Ratio vs Fair Ratio

What is 500493's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

500493 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio62.9x
Fair PE Ratio43.3x

Price-To-Earnings vs Fair Ratio: 500493 is expensive based on its Price-To-Earnings Ratio (62.9x) compared to the estimated Fair Price-To-Earnings Ratio (43.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 500493 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,279.75
₹1,469.08
+14.8%
17.2%₹1,859.00₹920.00n/a25
Dec ’25₹1,331.70
₹1,469.08
+10.3%
17.2%₹1,859.00₹920.00n/a25
Nov ’25₹1,419.15
₹1,567.96
+10.5%
18.2%₹2,000.00₹950.00n/a25
Oct ’25₹1,529.05
₹1,557.92
+1.9%
18.2%₹2,000.00₹950.00n/a26
Sep ’25₹1,587.00
₹1,527.59
-3.7%
18.9%₹2,000.00₹900.00n/a27
Aug ’25₹1,716.90
₹1,417.35
-17.4%
18.2%₹2,000.00₹850.00n/a26
Jul ’25₹1,666.10
₹1,369.65
-17.8%
16.6%₹1,650.00₹850.00n/a26
Jun ’25₹1,555.10
₹1,354.85
-12.9%
16.1%₹1,650.00₹850.00n/a27
May ’25₹1,271.15
₹1,180.22
-7.2%
13.5%₹1,450.00₹800.00n/a27
Apr ’25₹1,148.90
₹1,163.93
+1.3%
13.2%₹1,346.00₹800.00n/a27
Mar ’25₹1,183.60
₹1,162.44
-1.8%
13.1%₹1,346.00₹800.00n/a27
Feb ’25₹1,229.20
₹1,135.46
-7.6%
13.0%₹1,385.00₹760.00n/a26
Jan ’25₹1,247.20
₹1,099.68
-11.8%
13.7%₹1,310.00₹760.00n/a28
Dec ’24₹1,156.80
₹1,095.75
-5.3%
13.6%₹1,310.00₹760.00₹1,331.7028
Nov ’24₹1,026.80
₹1,024.41
-0.2%
15.8%₹1,310.00₹700.00₹1,419.1527
Oct ’24₹1,092.35
₹999.08
-8.5%
14.2%₹1,190.00₹700.00₹1,529.0526
Sep ’24₹1,078.15
₹992.35
-8.0%
13.7%₹1,157.00₹700.00₹1,587.0026
Aug ’24₹933.80
₹886.44
-5.1%
13.7%₹1,050.00₹630.00₹1,716.9027
Jul ’24₹836.55
₹878.23
+5.0%
14.5%₹1,050.00₹615.00₹1,666.1026
Jun ’24₹797.10
₹878.33
+10.2%
14.2%₹1,050.00₹615.00₹1,555.1027
May ’24₹800.85
₹907.00
+13.3%
15.2%₹1,068.00₹570.00₹1,271.1527
Apr ’24₹770.10
₹925.59
+20.2%
12.8%₹1,068.00₹555.00₹1,148.9027
Mar ’24₹824.10
₹926.15
+12.4%
12.9%₹1,068.00₹555.00₹1,183.6027
Feb ’24₹866.85
₹913.04
+5.3%
13.0%₹1,050.00₹555.00₹1,229.2027
Jan ’24₹879.55
₹902.70
+2.6%
12.8%₹1,050.00₹555.00₹1,247.2027
Dec ’23₹848.45
₹890.93
+5.0%
12.7%₹1,050.00₹555.00₹1,156.8028

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 18:48
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Bharat Forge Limited is covered by 67 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAnand Rathi Shares and Stock Brokers Limited
Rohan KordeAnand Rathi Shares and Stock Brokers Limited
Bharat GiananiAngel Broking Private Limited