Bharat Forge

Pune, India Founded: 1961 • Age: 65 yrs Listed Fortune India 500 · #185
Technology-enabled automotive tools, forging, and machining materials are manufactured.
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About Bharat Forge

Bharat Forge is a publicly listed company based in Pune (India) founded in 1961 by Babasaheb Neelkanth Kalyani. Technology-enabled automotive tools, forging, and machining materials are manufactured. Bharat Forge has raised $52.42 million across 4 funding rounds. The company has 3,970 employees. Bharat Forge has completed 6 acquisitions, including American Axle & Manufacturing, Ferrovia Transrail and JS Auto Cast Foundry. Its chief executive, as recorded, is Rajinder Singh Bhatia. Its website bharatforge.com draws about 28 thousand monthly visits. Its Indian entity Bharat Forge Ltd reported revenue of ₹17,010 Cr. Its focus areas include Auto, Auto Components, Sheet Metal and Fabrication Parts. Its competitors include Maini Precision Products, Ramkrishna Forgings and Dynamatic Technologies.

Company details

Bharat Forge was founded in 1961 in Pune, India. Technology-enabled tools for forging, machining, and quality testing are produced for multiple sectors. Operations encompass development of manufacturing and validation processes tailored to automotive, power, rail, aerospace, construction, oil and gas, and marine industries. The company maintains a focus on precision engineering across these domains from its base in India.

Bharat Forge is ranked #185 on the Fortune India 500 (2025).

Recognitions & Rankings of Bharat Forge

Fortune India 500 2025 edition
Rank#185
Total income
₹15,414 Cr
Profit
₹941 Cr
Last year #158
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#107
Valuation
₹63,470 Cr
2023 #97 2022 #112 2021 #116
  • Headquarters Pune, India
  • Employees 3,970
  • Founders Babasaheb Neelkanth Kalyani
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website bharatforge.com
  • Social LinkedIn X Facebook YouTube
  • Legal Name Bharat Forge Ltd
Operational Areas
Transportation, Automotive & Logistics → Automotive Manufacturing & Components
Key Metrics
  • Market Cap
    ₹85,449 Cr

    BHARATFORG · NSE

  • Share Price
    ₹1,776.80

    +1.61% today

  • Revenue
    ₹16,812 Cr

    FY 2025-26 · +11.2% YoY

  • EBITDA
    ₹2,763 Cr

    Margin 16.4%

  • Net Profit
    ₹1,129 Cr

    FY 2025-26 · +18.7% YoY

  • P/E (TTM)
    84.0x

    P/B 7.3x

  • ROE
    11.6%

    ROCE 11.7%

  • Debt / Equity
    0.74

    Interest cover 18.1x

  • Total Equity Funding
    $52.42M (USD)

    in 4 rounds

  • Latest Funding Round
    $194.6M (USD), Post-IPO

    Dec 2024

  • Employee Count
    3,970
  • Investments & Acquisitions
    American Axle & Manufacturing

    & 5 more

Apps and channels of Bharat Forge

its YouTube channel BHARAT FORGE LIMITED : INDIA has 3.94K subscribers and 30 videos.

BHARAT FORGE LIMITED : INDIA
YouTube 3.94K subscribers 30 videos Autos & Vehicles
Open channel

Videos from Bharat Forge

The most watched videos on Bharat Forge's YouTube channel, BHARAT FORGE LIMITED : INDIA (3.94K subscribers). Click a video to play it here.

How Narendra Modi Transformed India: Insights from Mr. Baba Kalyani
4.4K views
Reimagining Pune: Mr. Amit Kalyani at Forbes India Leadership Circuit | Bharat Forge
531 views
Mr. Baba Kalyani’s Legacy of forging and Innovation at Bharat Forge
476 views
Mr. Baba Kalyani addresses India-Japan Economic Forum in Japan.
357 views

More on BHARAT FORGE LIMITED : INDIA.

Funding Insights of Bharat Forge

Bharat Forge has successfully raised a total of $52.42M across 4 strategic funding rounds. The most recent funding activity was a Post-IPO round of $194.6 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $52.42M
  • Total Rounds 4
  • Last Round Post-IPO — $194.6M
  • First Round $36.22M

    (Mar 2008)

All 4 funding rounds of Bharat Forge with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Dec 2024$194.6MPost-IPO––
–
Jun 2010Post-IPO––
–
Mar 2009$16.19MSeries B––
–
Mar 2008$36.22MSeed––
–

Board of directors of Bharat Forge Ltd (Bharat Forge)

Bharat Forge Ltd is the primary company behind Bharat Forge. The boards of the 5 registered companies of Bharat Forge currently have 22 directors; the longest-serving is Babasaheb Neelkanth Kalyani, appointed in 1993. 80 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Babasaheb Neelkanth Kalyani
DIN 00089380
Managing Director30 Mar 199333 yrs 7 moBharat Forge Ltd
Deepak Gupta
DIN 00703704
Director31 Oct 200422 yrsBharat Products Limited
Subodh Eknath Tandale
DIN 00266833
Whole-time director23 May 200620 yrs 5 moBharat Forge Ltd
Basavraj Prabhakar Kalyani
DIN 00267202
Whole-time director23 May 200620 yrs 5 moBharat Forge Ltd
Hari Singh
DIN 06521311
Director14 Mar 201313 yrs 7 moBharat Products Limited
Rajinder Singh Bhatia
DIN 05333963
Director18 Jun 201313 yrs 4 moAnalogic Controls India Limited
Padmanabham Kamarajugadda
DIN 00251039
Person Incharge19 Jul 201313 yrs 3 moAnalogic Controls India Limited
Deepti Rajeev Puranik
DIN 01291379
Director08 May 201511 yrs 6 moBf-Ntpc Energy Systems Limited
Sanjeev Gajanan Joglekar
DIN 00073826
Director08 May 201511 yrs 6 moBf-Ntpc Energy Systems Limited
Mogalapalli Venkata Krishna
DIN 06822431
Director08 May 201511 yrs 6 moBf-Ntpc Energy Systems Limited
Deeksha Amit Kalyani
DIN 00129026
Designated Partner04 Apr 20197 yrs 7 moIndia Internet Domain Llp
Amit Babasaheb Kalyani
DIN 00089430
Designated Partner04 Apr 20197 yrs 7 moIndia Internet Domain Llp, Bharat Forge Ltd
Dipak Balasaheb Mane
DIN 01215889
Director21 Jun 20197 yrs 4 moBharat Forge Ltd
Neelesh Vijay Tungar
DIN 05229865
Director05 Aug 20206 yrs 3 moAnalogic Controls India Limited
Somalinga Mahadevan Shivakumar
DIN 09699768
CEO06 May 20224 yrs 6 moAnalogic Controls India Limited
Kanwar Bir Singh Anand
DIN 03518282
Director27 Jun 20224 yrs 4 moBharat Forge Ltd
Sonia Singh
DIN 07108778
Director27 Jun 20224 yrs 4 moBharat Forge Ltd
Ashish Bharat Ram
DIN 00671567
Director01 Sep 20233 yrs 2 moBharat Forge Ltd
Anand Swarup Pathak
DIN 01529308
Director12 Jul 20242 yrs 4 moBharat Forge Ltd
Rahul Gupta
DIN 07185069
Additional Director12 Nov 20241 yr 11 moBharat Products Limited
Ankur Gupta
DIN 02740748
Additional Director12 Nov 20241 yr 11 moBharat Products Limited
Rashmi Satish Joshi
DIN 06641898
Director30 Dec 20241 yr 10 moBharat Forge Ltd

People of Bharat Forge

119 people are tracked at Bharat Forge (29 in leadership, 7 in board & advisors, 83 in team); the tracked headcount is 3,970.

NameRoleGroup
Babasaheb Neelkanth Kalyani
Founder & Managing DirectorLeadership
Rajinder Singh Bhatia
CEOLeadership
Gopal Krishan Agarwal
Deputy Managing DirectorLeadership
Subodh Eknath Tandale
Executive DirectorLeadership
Basavraj Prabhakar Kalyani
Executive DirectorLeadership
Pradeep Kathuria
Vice President FinanceLeadership
Anendd Sharrma
Vice President Sales & MarketingLeadership
S E Tandale
Executive DirectorLeadership
Amit Kalyani
Deputy Managing DirectorLeadership
Shripad Naik
Vice PresidentLeadership
B P Kalyani
Executive DirectorLeadership
Kailash Sangshetti
Associate Vice President - Engineering & ManufacturingLeadership
Dr. Sujatha Pushpakanth
VP & Technical Director (new Product & Technology)Leadership
Gagandeep Singh
Executive Assistant To Executive DirectorLeadership
Dr Leena Deshpande
Associate Vice President HR & Head CSRLeadership
Madhur Maheshwari
Associate Vice President, StrategyLeadership
Nitin Shesh
Head And Vice President - Internal Audit & AssuranceLeadership
Dr.rajkumar Prasad Singh
Director (advanced Learning Centre)Leadership
Sm S.
Vice PresidentLeadership
Sanjeev Joglekar
CFOLeadership

99 more people are available in the full profile.

Premium access

Complete people profiles for Bharat Forge

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

Verified entity values are shown only after access is granted.

IPO & Listings of Bharat Forge

Bharat Forge is a publicly listed company on the NSE with ticker symbol BHARATFORG in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date04 Apr 2003
  • Listed onNSE: BHARATFORG
  • Listed entityBharat Forge Ltd
  • Exchange sectorProducer manufacturing
  • ISININE465A01025
  • Share price₹1,838.80 (-0.18% on the day) · 2026-10-14
  • Market capitalisation₹90,160 Cr
  • Price to earnings124.5
  • EPS (diluted, trailing year)₹14.77
  • Dividend yield0.46%
  • Volume (last session)483,309

Financials of Bharat Forge

Exchange-reported figures of Bharat Forge Ltd, the listed company behind Bharat Forge (NSE: BHARATFORG).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹16,812 Cr
+11.2% YoY
EBITDA
₹2,763 Cr
+9.1% YoY
Profit After Tax
₹1,129 Cr
+18.7% YoY
Net Worth
₹9,580 Cr
+3.5% YoY
Total Assets
₹17,783 Cr
+9.2% YoY
Total Debt
₹7,309 Cr
+9.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue16,81215,12315,68212,91010,4616,3368,056
Revenue growth+11.2%-3.6%+21.5%+23.4%+65.1%-21.4%-
EBITDA2,7632,5332,5461,6881,898526993
EBITDA margin+16.4%+16.8%+16.2%+13.1%+18.2%+8.3%+12.3%
Profit before tax1,6671,4561,4398271,380(25.47)462
Net profit1,129951922477929222374
Net profit margin+6.7%+6.3%+5.9%+3.7%+8.9%+3.5%+4.7%
EPS (₹)22.5819.6820.4311.3523.23(2.71)7.51
Balance sheet
Total assets17,78316,28215,60915,03813,10711,2549,965
Net worth9,5809,2537,1706,7066,5715,4155,220
Total debt7,3096,6987,9487,3135,9725,2714,469
Cash & bank9901,2911,6901,040603473575
Net working capital5,5745,1935,4194,8213,8102,4482,738
Cash flow
Cash from operations1,4871,7961,6641,2945061,0201,522
Cash from investing(1,038)(1,964)(665)(1,666)(690)(1,511)(1,114)
Cash from financing(442)(570)(203)280310578(381)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue4,8704,6404,5284,3434,0323,9093,8533,476
Revenue growth (YoY)+20.8%+18.7%+17.5%+25.0%+9.3%-4.8%--
Other income47.5257.2552.9742.4853.5149.7262.1038.37
EBITDA737340679690724670674623
EBITDA margin+15.1%+7.3%+15.0%+15.9%+18.0%+17.1%+17.5%+17.9%
Depreciation270263255249241226224218
Interest96.9289.7184.4076.6480.0982.2288.0195.96
Profit before tax41844.45392407457411424347
Tax139134159134158127141134
Net profit279(89.88)233273299284283213
EPS (₹)5.77(1.88)4.865.536.265.935.924.54
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue8,3968,8448,9697,5736,2553,6524,564
Revenue growth-5.1%-1.4%+18.4%+21.1%+71.3%-20.0%-
EBITDA1,7572,3372,4621,8671,642718922
EBITDA margin+20.9%+26.4%+27.5%+24.7%+26.3%+19.7%+20.2%
Profit before tax1,2711,8191,8951,3831,396415593
Net profit1,1191,3371,397972963274511
Net profit margin+13.3%+15.1%+15.6%+12.8%+15.4%+7.5%+11.2%
EPS (₹)17.1227.6530.6022.4523.156.7010.17
Balance sheet
Total assets15,39615,36313,39112,55711,2909,8098,695
Net worth10,98810,9648,5697,7007,1105,9495,355
Total debt4,0604,2964,7564,7824,1243,8143,275
Cash & bank3709291,054402383280444
Net working capital4,3165,0394,9494,1973,2902,0912,309
Cash flow
Cash from operations1,5441,7012,0927882758141,377
Cash from investing(560)(2,841)(807)(596)(248)(1,130)(729)
Cash from financing(984)457(641)(172)74.73368(620)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue2,5262,3472,2602,0841,9472,1052,1632,096
Revenue growth (YoY)+29.8%+11.5%+4.5%-0.6%-13.3%-10.0%--
Other income30.8734.2528.4827.3246.4642.1948.0831.39
Total expenses1,8941,7862,1361,5661,4041,5331,5671,487
EBITDA632561124518543572596609
EBITDA margin+25.0%+23.9%+5.5%+24.8%+27.9%+27.2%+27.6%+29.1%
Depreciation117115112112111112112110
Interest48.4843.1940.2141.4448.2952.2458.8157.31
Profit before tax4974370.23392430449473473
Tax126116118104120111128127

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 12 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue4,8704,6404,5284,3434,0323,9093,8533,476
Revenue growth (YoY)+20.8%+18.7%+17.5%+25.0%+9.3%-4.8%--
Other income47.5257.2552.9742.4853.5149.7262.1038.37
EBITDA737340679690724670674623
EBITDA margin+15.1%+7.3%+15.0%+15.9%+18.0%+17.1%+17.5%+17.9%
Depreciation270263255249241226224218
Interest96.9289.7184.4076.6480.0982.2288.0195.96
Profit before tax41844.45392407457411424347
Tax139134159134158127141134
Net profit279(89.88)233273299284283213
EPS (₹)5.77(1.88)4.865.536.265.935.924.54
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue16,81215,12315,68212,91010,4616,3368,056
Revenue growth+11.2%-3.6%+21.5%+23.4%+65.1%-21.4%-
Other income199214233173373169188
Total expenses14,04912,59013,13611,2228,5635,8117,063
Employee cost2,1031,8701,8621,6071,4651,0711,195
EBITDA2,7632,5332,5461,6881,898526993
EBITDA margin+16.4%+16.8%+16.2%+13.1%+18.2%+8.3%+12.3%
Depreciation971874848736730612548
Interest323417491299160108171
Profit before tax1,6671,4561,4398271,380(25.47)462
Tax578543529319303102112
Net profit1,129951922477929222374
Net profit margin+6.7%+6.3%+5.9%+3.7%+8.9%+3.5%+4.7%
EPS (₹)22.5819.6820.4311.3523.23(2.71)7.51
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital95.6395.6393.1393.1393.1393.1393.13
Reserves & surplus9,4839,1567,0766,6116,4765,3215,125
Shareholders' funds (net worth)9,5809,2537,1706,7066,5715,4155,220
Minority interest(23.02)(32.75)(4.88)36.0756.0831.7031.99
Secured loans4,9774,3034,8114,1673,4552,7262,331
Unsecured loans2,3312,3953,1373,1462,5162,5442,138
Total debt7,3096,6987,9487,3135,9725,2714,469
Total liabilities17,78316,28215,60915,03813,10711,2549,965
Assets
Gross block15,53812,39911,11510,1688,1597,6766,402
Net block8,2156,6276,3096,1614,8704,7504,002
Capital work in progress1,2981,7329917011,1259001,143
Investments1,7382,0631,8492,5692,6042,6071,618
Inventories4,0533,5783,2163,1262,7101,7941,735
Sundry debtors3,9102,9003,1673,0872,1621,4101,494
Cash & bank balances9901,2911,6901,040603473575
Loans & advances1,0761,110917699547461401
Total current assets10,0298,8798,9907,9526,0234,1374,205
Total current liabilities4,4553,6873,5713,1312,2131,6891,467
Net working capital5,5745,1935,4194,8213,8102,4482,738
Total assets17,78316,28215,60915,03813,10711,2549,965
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash6211,315509558447313286
Net cash from operating activities1,4871,7961,6641,2945061,0201,522
Net cash from investing activities(1,038)(1,964)(665)(1,666)(690)(1,511)(1,114)
Net cash from financing activities(442)(570)(203)280310578(381)
Net change in cash6.32(738)796(90.84)12687.2626.41
Closing cash9901,2911,6901,040603473575
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+11.2%-3.6%+21.5%+23.4%+65.1%-21.4%-
EBITDA growth+9.1%-0.5%+50.8%-11.1%+261.2%-47.1%-
PBT growth+14.5%+1.2%+74.0%-40.1%+9998.0%--71.1%
Net income growth+18.7%+3.2%+93.4%-48.7%+318.0%-40.6%-
Revenue CAGR (3Y)+9.2%+13.1%+35.3%+17.0%+1.0%-8.8%+8.0%
EBITDA CAGR (3Y)+17.8%+10.1%+69.2%+19.4%-2.4%-31.4%-7.4%
Profitability & leverage
Net income margin+6.5%+6.0%+5.8%+3.9%+10.3%-2.0%+4.3%
Return on capital employed+11.7%+11.7%+12.6%+7.3%+11.0%+3.1%+6.5%
Return on net worth+11.6%+11.1%+13.1%+6.9%+15.4%+4.2%+6.6%
Debt / equity0.740.891.101.000.940.920.80
Long-term debt / equity0.210.240.320.320.380.410.34
Interest cover18.0525.1628.9431.3413.73-124.3438.49
Efficiency & per share
Fixed asset turnover1.201.291.471.411.320.901.35
Inventory turnover4.414.454.954.424.643.594.50
Debtors turnover4.944.995.014.925.864.364.42
EPS (₹)22.5819.6820.4311.3523.23(2.71)7.51
Dividend per share (₹)8.508.509.007.007.002.003.50
Book value per share (₹)200.33193.50153.96143.98141.08116.27112.07
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue2,5262,3472,2602,0841,9472,1052,1632,096
Revenue growth (YoY)+29.8%+11.5%+4.5%-0.6%-13.3%-10.0%--
Other income30.8734.2528.4827.3246.4642.1948.0831.39
Total expenses1,8941,7862,1361,5661,4041,5331,5671,487
EBITDA632561124518543572596609
EBITDA margin+25.0%+23.9%+5.5%+24.8%+27.9%+27.2%+27.6%+29.1%
Depreciation117115112112111112112110
Interest48.4843.1940.2141.4448.2952.2458.8157.31
Profit before tax4974370.23392430449473473
Tax126116118104120111128127
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue8,3968,8448,9697,5736,2553,6524,564
Revenue growth-5.1%-1.4%+18.4%+21.1%+71.3%-20.0%-
Other income144172162155273140161
Total expenses6,6396,5076,5065,7064,6132,9333,642
Employee cost676637604587506448482
EBITDA1,7572,3372,4621,8671,642718922
EBITDA margin+20.9%+26.4%+27.5%+24.7%+26.3%+19.7%+20.2%
Depreciation448440442426412366345
Interest18225028721310777.92145
Profit before tax1,2711,8191,8951,3831,396415593
Tax452497470337318103119
Net profit1,1191,3371,397972963274511
Net profit margin+13.3%+15.1%+15.6%+12.8%+15.4%+7.5%+11.2%
EPS (₹)17.1227.6530.6022.4523.156.7010.17
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital95.6395.6393.1393.1393.1393.1393.13
Reserves & surplus10,89110,8678,4747,6067,0155,8545,261
Shareholders' funds (net worth)10,98810,9648,5697,7007,1105,9495,355
Secured loans1,7802,0161,8741,9091,7071,3281,242
Unsecured loans2,2802,2802,8822,8732,4172,4862,034
Total debt4,0604,2964,7564,7824,1243,8143,275
Total liabilities15,39615,36313,39112,55711,2909,8098,695
Assets
Gross block6,8566,4766,0945,7415,3985,2504,391
Net block3,1163,1293,1573,2383,3013,4592,808
Capital work in progress728838376303248270895
Investments6,8186,0454,4654,2793,9003,5692,353
Inventories1,5701,5401,3291,2641,111875758
Sundry debtors4,1303,8203,6183,2432,4811,5801,655
Cash & bank balances3709291,054402383280444
Loans & advances378541592724577426344
Total current assets6,4486,8306,5945,6334,5523,1623,200
Total current liabilities2,1321,7911,6451,4371,2621,071891
Net working capital4,3165,0394,9494,1973,2902,0912,309
Total assets15,39615,36313,39112,55711,2909,8098,695
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash3591,041398378276224196
Net cash from operating activities1,5441,7012,0927882758141,377
Net cash from investing activities(560)(2,841)(807)(596)(248)(1,130)(729)
Net cash from financing activities(984)457(641)(172)74.73368(620)
Net change in cash0.14(682)64419.9510252.2827.58
Closing cash3709291,054402383280444
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-5.1%-1.4%+18.4%+21.1%+71.3%-20.0%-
EBITDA growth-24.8%-5.1%+31.9%+13.7%+128.5%-22.0%-
PBT growth-30.1%-4.0%+37.1%-0.9%+236.4%-30.0%-63.5%
Net income growth-16.3%-4.3%+43.7%+1.0%+252.1%-46.5%-
Revenue CAGR (3Y)+3.5%+12.2%+34.9%+18.4%-1.4%-11.8%+5.7%
EBITDA CAGR (3Y)-2.0%+12.5%+50.8%+26.5%-4.9%-20.0%-4.5%
Profitability & leverage
Net income margin+9.8%+15.0%+15.9%+13.8%+17.2%+8.6%+10.4%
Return on capital employed+12.6%+14.4%+16.8%+13.4%+12.8%+4.8%+8.5%
Return on net worth+10.2%+13.5%+17.5%+14.1%+14.8%+4.8%+8.8%
Debt / equity0.380.460.590.600.610.630.60
Long-term debt / equity0.100.130.190.210.260.310.28
Interest cover13.9213.1714.2314.768.7222.1125.15
Efficiency & per share
Fixed asset turnover1.261.411.521.361.170.761.10
Inventory turnover5.406.166.926.386.304.476.01
Debtors turnover2.112.382.612.653.082.262.33
EPS (₹)17.1227.6530.6022.4523.156.7010.17
Dividend per share (₹)8.508.509.007.007.002.003.50
Book value per share (₹)229.79229.29184.00165.34152.66127.73114.98

Investments & Acquisitions by Bharat Forge

Bharat Forge has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include American Axle & Manufacturing, Ferrovia Transrail and JS Auto Cast Foundry.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
American Axle & Manufacturing
Driveline, metal forming, and powertrain components are supplied to aftermarkets.
aam.comDetroit, United States1917Dec 2024$63.73M
Ferrovia Transrail
Provider of rail infrastructure services
ferroviatransrail.comNoida, India2012Feb 2023••••
JS Auto Cast Foundry
Raw materials and machined ductile iron castings are produced.
jsautocast.comCoimbatore, India2004Feb 2022$617.07M
Sanghvi Forging and Engineering
Provider of an open-source AI API with minimal viable endpoints
sanghviforge.comBaroda, United States1990May 2021••••
Walker Forge
Auto components are manufactured and supplied by Walker Forge.
walkerforge.comMilwaukee, United States1950Nov 2016$14M
Mecanique Generale Langroise
Precision machining, cladding, and non-destructive testing services are offered.
mgl.fr2000Jan 2015$14.28M
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Timeline of Bharat Forge

10 dated milestones of Bharat Forge across 63 years, from founding to its latest funding, stage changes and deals.

  1. Founded Bharat Forge is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Funding First funding round of $36.2M.
  4. Acquisition Acquires Mecanique Generale Langroise.
  5. Acquisition Acquires Walker Forge.
  6. Acquisition Acquires Sanghvi Forging and Engineering.
  7. Acquisition Acquires JS Auto Cast Foundry.
  8. Acquisition Acquires Ferrovia Transrail.
  9. Funding Latest funding round, Post-IPO, of $194.6M.
  10. Acquisition Acquires American Axle & Manufacturing.

Competitors of Bharat Forge

Bharat Forge has 3 listed competitors in our database. They include Maini Precision Products, Ramkrishna Forgings and Dynamatic Technologies.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Maini Precision Products
mainiprecisionproducts.com1973Bengaluru, India1,445
Manufacturer & supplier of precision products and assemblies
Ramkrishna Forgings
ramkrishnaforgings.com1981Kolkata, India2,653
Ramkrishna Forgings is engaged in metal forming and manufacturing.
Dynamatic Technologies
dynamatics.com1973Bengaluru, India833
Products for automotive, aeronautic, hydraulic, and security sectors are manufactured.
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Web traffic of Bharat Forge

The website of Bharat Forge (bharatforge.com) receives about 27.5K visits a month.

  • Monthly visits
    27.5K

    ▼ 7.5% vs previous month

Similar websites

Websites whose visitors overlap most with Bharat Forge. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
Kalyani Steels
kalyanisteels.com
100%
8.1K#1,716,744View details
NB Ventures
nbventures.com
88%
View details
Hikal
hikal.com
65%
10.3K#2,261,212View details
TATA Advanced Materials
tamlindia.com
57%
View details
aero-mag.com
aero-mag.com
51%
#1,118,319–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
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  • Audience overlap
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Top companies in Automotive Manufacturing & Components

3 companies that operate in the same segment as Bharat Forge (Automotive Manufacturing & Components) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
SEDEMAC
Electrical and electronic parts for automobiles are provided by SEDEMAC.
2007Pune, Maharashtra, IndiaUSD 26.22 MUSD 32.69 M415
Mahindra Last Mile Mobility
Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles
1994Mumbai, Maharashtra, IndiaUSD 137.89 MUSD 24.41 B33,980
Greenfuel Energy Solutions
Lithium-ion batteries for electric vehicles are manufactured across categories.
2006Gurugram, Haryana, IndiaUSD 34.18 M177
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Related news about Bharat Forge

Bharat Forge: Citi on Bharat Forge maintains Sell, Target Price Rs 1270; Q2 results were above estimates, with encouraging growth in domestic and export auto segments. Management retained its FY27 India manufacturing revenue growth guidance of 20–25% and received Bulk Production Clearance for the ATAGS order, with revenue recognition expected from Q1FY28. However, overseas subsidiaries continue to report expanding losses, while valuations leave limited room for error.
Exchange Update • 6 days ago
Bharat Forge: UBS on Bharat Forge maintains Sell, Target Price Rs 1510; Q2FY27 adjusted consolidated EBITDA grew 9% YoY and was 5% ahead of estimates, although margins contracted 180bps due to commodity inflation and delayed cost recoveries. Management expects stronger growth in H2 and retained its 20–25% India manufacturing revenue guidance. ATAGS production ramp-up is expected ahead of revenue recognition from Q1FY28, while the defence order book stands at Rs 106–110bn.
Exchange Update • 6 days ago
Bharat Forge: Co's K-Drive Targets Double-Digit EBITDA Margins In Two Years And 20-25% Yearly Revenue Growth By Expanding Into Passenger Vehicles And Hybrid/Electric Options. Defense Sector Margins Expected To Increase From 20-21% To 20-25% With Advanced Products. Revenue From ATAGS Starts In Q1 FY28 After Delivery Of 184 Guns Over Four Years.
Exchange Update • 6 days ago
Bharat Forge: Expects Stronger H2 FY27 Driven By Price Recovery And New Semiconductor Business Growth; INR1,300 Crore Expansion In Baramati To More Than Double Output In 2-3 Years, With Production Trials Starting Early Next Year.
Exchange Update • 6 days ago
BHARATFORG: Q2 SL NET PROFIT 3.7B RUPEES VS 3.1B (YOY); EST 3.4B
Exchange Update • 7 days ago
BHARATFORG: Q2 REVENUE 25.2B RUPEES VS 19.5B (YOY)
Exchange Update • 7 days ago
BHARATFORG: Q2 EBITDA 7.68B RUPEES VS 7.26B (YOY); Q2 EBITDA MARGIN 15.76% VS 18.00% (YOY)
Exchange Update • 7 days ago
BHARAT FORGE: Q2 REVENUE GROWTH OF 20.8% VS FY27 GUIDANCE FOR 20-25%
Exchange Update • 7 days ago
BHARAT FORGE: Q2 REVENUE GROWTH OF 20.8% VS FY27GUIDANCE FOR 20-25%
Exchange Update • 7 days ago
Bharat Forge: Expects Continued Margin Improvement, Aiming for 28% Margins by FY28
Exchange Update • 7 days ago
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Frequently Asked Questions about Bharat Forge

Bharat Forge was founded in 1961 and raised its 1st funding round 47 years after it was founded.

Bharat Forge is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.

Rajinder Singh Bhatia is the CEO of Bharat Forge, as recorded in our data.

Bharat Forge is a funded company, having raised a total of $52.42M across 4 funding rounds to date. The company's 1st funding round was a Seed of $36.22M, raised on Mar 2008.

Bharat Forge has 3,970 employees.

The primary company behind Bharat Forge, Bharat Forge Ltd, reported revenue of ₹17,010 Cr for FY 2026, up 11% year on year.

Bharat Forge was founded in 1961 in Pune, India. Technology-enabled tools for forging, machining, and quality testing are produced for multiple sectors. Operations encompass development of manufacturing and validation processes tailored to automotive, power, rail, aerospace, construction, oil and gas, and marine industries. The company maintains a focus on precision engineering across these domains from its base in India.

Bharat Forge's top competitors include Maini Precision Products, Ramkrishna Forgings and Dynamatic Technologies.

Yes, Bharat Forge is publicly traded on NSE under the ticker symbol BHARATFORG.

Bharat Forge has made 6 acquisitions, including American Axle & Manufacturing, Ferrovia Transrail, and JS Auto Cast Foundry.

Bharat Forge is associated with 5 legal entities: Bharat Forge Ltd, India Internet Domain Llp, Bharat Products Limited and others.

The legal entities of Bharat Forge currently have 26 directors, including Deeksha Amit Kalyani, Amit Babasaheb Kalyani, Deepak Gupta and others.

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