Bharat Forge Limited

NSEI:BHARATFORG Stock Report

Market Cap: ₹553.3b

Bharat Forge Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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.

Discounted Cash Flow
Simply Wall St
₹761.22
Fair Value
49.5% overvalued intrinsic discount
25
Number of Analysts

Below Fair Value: BHARATFORG (₹1137.7) is trading above our estimate of fair value (₹761.22)

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 Ratio57.5x
Earnings₹9.47b
Market Cap₹553.34b

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 Average50.2x
532539 Uno Minda
63.8x21.5%₹588.1b
TIINDIA Tube Investments of India
70.6x11.6%₹577.0b
517334 Samvardhana Motherson International
25.4x20.8%₹963.3b
500530 Bosch
41x13.3%₹836.2b
BHARATFORG Bharat Forge
57.5x28.1%₹553.3b

Price-To-Earnings vs Peers: BHARATFORG is expensive based on its Price-To-Earnings Ratio (57.5x) compared to the peer average (50.2x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
513262 Steel Strips Wheels
4.5x-36.1%US$332.08m
505100 India Radiators
0.9xn/aUS$95.97k
523415 Coventry Coil-O-Matic (Haryana)
0.9xn/aUS$88.40k
No more companies available in this PE range
BHARATFORG 57.5xIndustry Avg. 29.9xNo. of Companies23PE020406080100+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BHARATFORG is expensive based on its Price-To-Earnings Ratio (57.5x) compared to the Indian Auto Components industry average (29.9x).

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 Ratio57.5x
Fair PE Ratio41.1x

Price-To-Earnings vs Fair Ratio: BHARATFORG is expensive based on its Price-To-Earnings Ratio (57.5x) compared to the estimated Fair Price-To-Earnings Ratio (41.1x).

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₹1,137.70
₹1,428.32
+25.5%
16.5%₹1,839.00₹920.00n/a25
Jan ’26₹1,299.90
₹1,469.32
+13.0%
17.2%₹1,859.00₹920.00n/a25
Dec ’25₹1,332.25
₹1,477.32
+10.9%
17.5%₹1,859.00₹920.00n/a25
Nov ’25₹1,418.65
₹1,576.20
+11.1%
18.3%₹2,000.00₹950.00n/a25
Oct ’25₹1,530.20
₹1,565.85
+2.3%
18.3%₹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₹1,717.55
₹1,417.35
-17.5%
18.2%₹2,000.00₹850.00n/a26
Jul ’25₹1,665.95
₹1,369.65
-17.8%
16.6%₹1,650.00₹850.00n/a26
Jun ’25₹1,554.55
₹1,354.85
-12.8%
16.1%₹1,650.00₹850.00n/a27
May ’25₹1,271.20
₹1,180.22
-7.2%
13.5%₹1,450.00₹800.00n/a27
Apr ’25₹1,148.60
₹1,163.93
+1.3%
13.2%₹1,346.00₹800.00n/a27
Mar ’25₹1,184.25
₹1,162.44
-1.8%
13.1%₹1,346.00₹800.00n/a27
Feb ’25₹1,229.55
₹1,135.46
-7.7%
13.0%₹1,385.00₹760.00₹1,175.1526
Jan ’25₹1,247.50
₹1,099.68
-11.8%
13.7%₹1,310.00₹760.00₹1,299.9028
Dec ’24₹1,156.50
₹1,095.75
-5.3%
13.6%₹1,310.00₹760.00₹1,332.2528
Nov ’24₹1,027.25
₹1,024.41
-0.3%
15.8%₹1,310.00₹700.00₹1,418.6527
Oct ’24₹1,091.60
₹999.08
-8.5%
14.2%₹1,190.00₹700.00₹1,530.2026
Sep ’24₹1,078.80
₹992.35
-8.0%
13.7%₹1,157.00₹700.00₹1,587.0026
Aug ’24₹933.55
₹886.44
-5.0%
13.7%₹1,050.00₹630.00₹1,717.5527
Jul ’24₹836.80
₹878.23
+5.0%
14.5%₹1,050.00₹615.00₹1,665.9526
Jun ’24₹797.05
₹878.33
+10.2%
14.2%₹1,050.00₹615.00₹1,554.5527
May ’24₹801.35
₹907.00
+13.2%
15.2%₹1,068.00₹570.00₹1,271.2027
Apr ’24₹770.45
₹925.59
+20.1%
12.8%₹1,068.00₹555.00₹1,148.6027
Mar ’24₹824.05
₹926.15
+12.4%
12.9%₹1,068.00₹555.00₹1,184.2527
Feb ’24₹868.15
₹913.04
+5.2%
13.0%₹1,050.00₹555.00₹1,229.5527
Analyst Price Target
Consensus Narrative from 25 Analysts
₹1.43k
Fair Value
20.3% undervalued intrinsic discount
25
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 14:12
End of Day Share Price 2025/02/06 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.

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 68 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