Bharat Forge Limited

NSEI:BHARATFORG Stock Report

Market Cap: ₹578.1b

Bharat Forge Valuation

Is BHARATFORG 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 BHARATFORG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

₹522.86
Fair Value
131.3% overvalued intrinsic discount
27
Number of Analysts

Below Fair Value: BHARATFORG (₹1209.3) is trading above our estimate of fair value (₹522.86)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BHARATFORG. This is calculated by dividing BHARATFORG's market cap by their current earnings.
What is BHARATFORG's PE Ratio?
PE Ratio56.6x
Earnings₹10.22b
Market Cap₹578.06b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BHARATFORG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average63.4x
TIINDIA Tube Investments of India
95.6x17.21%₹617.6b
ENDURANCE Endurance Technologies
48.1x17.46%₹413.5b
532539 Uno Minda
70.1x19.27%₹725.7b
500086 Exide Industries
39.8x16.09%₹337.8b
BHARATFORG Bharat Forge
56.6x22.33%₹578.1b

Price-To-Earnings vs Peers: BHARATFORG is good value based on its Price-To-Earnings Ratio (56.6x) compared to the peer average (63.4x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
523415 Coventry Coil-O-Matic (Haryana)
0.9xn/aUS$88.40k
No more companies available in this PE range
BHARATFORG 56.6xIndustry Avg. 32.9xNo. of Companies17PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BHARATFORG is expensive based on its Price-To-Earnings Ratio (56.6x) compared to the Indian Auto Components industry average (32.9x).

Price to Earnings Ratio vs Fair Ratio

What is BHARATFORG'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.

BHARATFORG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio56.6x
Fair PE Ratio41.6x

Price-To-Earnings vs Fair Ratio: BHARATFORG is expensive based on its Price-To-Earnings Ratio (56.6x) compared to the estimated Fair Price-To-Earnings Ratio (41.6x).

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 BHARATFORG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,209.30
₹1,172.78
-3.02%
17.07%₹1,800.00₹900.00n/a27
Oct ’26₹1,219.60
₹1,170.19
-4.05%
17.20%₹1,800.00₹900.00n/a27
Sep ’26₹1,126.40
₹1,163.67
+3.31%
17.34%₹1,800.00₹870.00n/a27
Aug ’26₹1,146.10
₹1,194.89
+4.26%
17.30%₹1,800.00₹880.00n/a27
Jul ’26₹1,284.20
₹1,179.67
-8.14%
16.96%₹1,800.00₹880.00n/a27
Jun ’26₹1,240.90
₹1,179.67
-4.93%
16.96%₹1,800.00₹880.00n/a27
May ’26₹1,104.20
₹1,201.62
+8.82%
17.71%₹1,800.00₹850.00n/a26
Apr ’26₹1,148.65
₹1,234.48
+7.47%
16.61%₹1,800.00₹920.00n/a25
Mar ’26₹1,016.50
₹1,239.72
+21.96%
17.38%₹1,800.00₹920.00n/a25
Feb ’26₹1,175.15
₹1,428.32
+21.54%
16.46%₹1,839.00₹920.00n/a25
Jan ’26₹1,299.90
₹1,469.32
+13.03%
17.21%₹1,859.00₹920.00n/a25
Dec ’25₹1,332.25
₹1,477.32
+10.89%
17.51%₹1,859.00₹920.00n/a25
Nov ’25₹1,418.65
₹1,576.20
+11.11%
18.26%₹2,000.00₹950.00n/a25
Oct ’25₹1,530.20
₹1,565.85
+2.33%
18.25%₹2,000.00₹950.00₹1,219.6026
Sep ’25₹1,587.00
₹1,527.59
-3.74%
18.92%₹2,000.00₹900.00₹1,126.4027
Aug ’25₹1,717.55
₹1,417.35
-17.48%
18.24%₹2,000.00₹850.00₹1,146.1026
Jul ’25₹1,665.95
₹1,369.65
-17.79%
16.63%₹1,650.00₹850.00₹1,284.2026
Jun ’25₹1,554.55
₹1,354.85
-12.85%
16.09%₹1,650.00₹850.00₹1,240.9027
May ’25₹1,271.20
₹1,180.22
-7.16%
13.51%₹1,450.00₹800.00₹1,104.2027
Apr ’25₹1,148.60
₹1,163.93
+1.33%
13.22%₹1,346.00₹800.00₹1,148.6527
Mar ’25₹1,184.25
₹1,162.44
-1.84%
13.14%₹1,346.00₹800.00₹1,016.5027
Feb ’25₹1,229.55
₹1,135.46
-7.65%
13.05%₹1,385.00₹760.00₹1,175.1526
Jan ’25₹1,247.50
₹1,099.68
-11.85%
13.67%₹1,310.00₹760.00₹1,299.9028
Dec ’24₹1,156.50
₹1,095.75
-5.25%
13.60%₹1,310.00₹760.00₹1,332.2528
Nov ’24₹1,027.25
₹1,024.41
-0.28%
15.83%₹1,310.00₹700.00₹1,418.6527
Oct ’24₹1,091.60
₹999.08
-8.48%
14.25%₹1,190.00₹700.00₹1,530.2026
₹1.17k
Fair Value
3.1% overvalued intrinsic discount
27
Number of Analysts

Analyst Forecast: Target price is lower 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 Analysis2025/10/09 01:21
End of Day Share Price 2025/10/09 00:00
Earnings2025/06/30
Annual Earnings2025/03/31

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.

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 Github.

Analyst Sources

Bharat Forge Limited is covered by 69 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Viraj SanghviAmbit Capital
Ashwin MehtaAmbit Capital
Jinesh GandhiAmbit Capital