Bharat Forge Ltd

BSE: 500493 NSE: BHARATFORG
Bharat Forge Ltd - engineering in Pune, Maharashtra, India. FY 2026 financials & compliance.
CIN L25209PN1961PLC012046 Incorporated 19 June 1961 ROC Pune HQ Pune, Maharashtra, India
Active Listed - NSE: BHARATFORG · BSE: 500493 Public Limited Company engineering Fortune India 500 · #185 Nifty 500
Data last updated
Market Cap
₹86,314 Cr
BHARATFORG · NSE
Share Price
₹1,720.00
-2.62% 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)
85.0x
P/B 7.4x
ROE
11.6%
ROCE 11.7%
Debt / Equity
0.74
Interest cover 18.1x

About Bharat Forge Ltd

Data last updated:

Bharat Forge Ltd is a public limited company based in Pune, Maharashtra, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 19 June 1961 and has been in existence for over 65 years.

Bharat Forge is ranked #185 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices.

The company is registered with the Registrar of Companies (ROC), Pune, under CIN L25209PN1961PLC012046. Its GSTIN is 24AAACB8519L1ZK (Gujarat). The company holds 19 GST registrations, of which 11 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500493 and NSE: BHARATFORG.

The company has an authorised share capital of ₹240 Cr and a paid-up capital of ₹95.62 Cr. It was formerly known as Bharat Forge Co Ltd. It is led by directors including Babasaheb Neelkanth Kalyani (Managing Director) and Subodh Eknath Tandale (Whole-Time Director).

Its last annual general meeting (AGM) was held on 07 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mundhwa Pune Cantonment, Maharashtra, India – 411036.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹16,812 Cr, a growth of 11.2% compared to the previous year. For the same year it recorded a net profit of ₹1,129.14 Cr (net margin 6.7%) and EBITDA of ₹2,762.76 Cr (EBITDA margin 16.4%). The net worth stands at ₹9,579.84 Cr (up 3.5% YoY). Total assets are valued at ₹17,783 Cr (up 9.2% YoY).

The company has about 191 employees on its provident fund (EPFO) records. Its group structure includes 17 subsidiaries and 1 joint venture.

The company is associated with 3 brands: Kalyani Powertrain, Kalyani Group and Bharat Forge. As per MCA filings, the company has open charges of ₹3,481.66 Cr and satisfied charges of ₹5,311.65 Cr on record. Court records list 866 cases involving the company, including 576 filed by the company and 292 filed against it; 72 cases are pending. The company has 46 deals on record (38 market trades, 4 funding rounds, 2 qips), with disclosed funding of ₹38.55 Cr; the latest was in September 2025. Its 4 peer companies in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products) are compared by revenue, 4 smaller; the largest is Texmaco Rail & Engineering Limited with revenue of ₹5,164.25 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 105 overdue payments to 22 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bharatforge.com.

Company details

CIN L25209PN1961PLC012046
Registration Number 012046
Incorporation Date 19 June 1961
ROC Pune
Listing Status Listed - Listed on NSE (BHARATFORG); Listed on BSE (500493)
Company Status Active
Date of Last AGM 07 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Bharat Forge has one previous CIN (Corporate Identification Number): U25209MH1961PLC012046. The current CIN is L25209PN1961PLC012046, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L25209PN1961PLC012046Current
U25209MH1961PLC012046Previous
Key People
Babasaheb Neelkanth Kalyani Managing Director Subodh Eknath Tandale Whole-Time Director Basavraj Prabhakar Kalyani Whole-Time Director

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
Stock market indices
Nifty 500 BSE 500

Contact details

Bharat Forge Ltd's registered office is in Pune, Maharashtra. Its website is bharatforge.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    bharatforge.com
  • Social Media
  • Registered Address
    Mundhwa Pune Cantonment, Maharashtra, India – 411036
  • Industry
    Engineering, Metal Foundry & Fabrication Services

To see the full contact details of Bharat Forge Ltd, buy the company report.

Comprehensive company report
Bharat Forge Ltd - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Bharat Forge operates multiple associated brands including Kalyani Powertrain, Kalyani Group, and Bharat Forge. Each brand links to its own profile.

BrandDescriptionWebsite
Kalyani Powertrain
Manufactures electric conversion kits for trucks.kalyanimotive.com
Kalyani Group
Engineering & manufacturing company focused on Automotive, Industrial, Renewable Energy, etckalyanigroup.com
Bharat Forge
Technology-enabled automotive tools, forging, and machining materials are manufactured.bharatforge.com

Business activity

The main business activities of Bharat Forge are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers metal and metal products, other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and electric power generation, transmission and distribution. 3 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities
DElectricity, gas, steam and air condition supplyD1Electric power generation, transmission and distribution

To see the full business activity and turnover split of Bharat Forge Ltd, buy the company report.

Financials of Bharat Forge Ltd

FY 2025-26 filings available

Bharat Forge Ltd reported revenue of ₹16,812 Cr (up 11.2% YoY) for FY 2025-26.

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)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue4,6404,5284,3434,0323,9093,8533,4763,689
Revenue growth (YoY)+18.7%+17.5%+25.0%+9.3%-4.8%---
Other income57.2552.9742.4853.5149.7262.1038.3761.65
EBITDA340679690724670674623647
EBITDA margin+7.3%+15.0%+15.9%+18.0%+17.1%+17.5%+17.9%+17.5%
Depreciation263255249241226224218213
Interest89.7184.4076.6480.0982.2288.0195.96110
Profit before tax44.45392407457411424347385
Tax134159134158127141134142
Net profit(89.88)233273299284283213243
EPS (₹)(1.88)4.865.536.265.935.924.545.23
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)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,3472,2602,0841,9472,1052,1632,0962,247
Revenue growth (YoY)+11.5%+4.5%-0.6%-13.3%-10.0%---
Other income34.2528.4827.3246.4642.1948.0831.3948.34
Total expenses1,7862,1361,5661,4041,5331,5671,4871,621
EBITDA561124518543572596609625
EBITDA margin+23.9%+5.5%+24.8%+27.9%+27.2%+27.6%+29.1%+27.8%
Depreciation115112112111112112110108
Interest43.1940.2141.4448.2952.2458.8157.3163.51
Profit before tax4370.23392430449473473502
Tax116118104120111128127141

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 30 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue4,6404,5284,3434,0323,9093,8533,4763,689
Revenue growth (YoY)+18.7%+17.5%+25.0%+9.3%-4.8%---
Other income57.2552.9742.4853.5149.7262.1038.3761.65
EBITDA340679690724670674623647
EBITDA margin+7.3%+15.0%+15.9%+18.0%+17.1%+17.5%+17.9%+17.5%
Depreciation263255249241226224218213
Interest89.7184.4076.6480.0982.2288.0195.96110
Profit before tax44.45392407457411424347385
Tax134159134158127141134142
Net profit(89.88)233273299284283213243
EPS (₹)(1.88)4.865.536.265.935.924.545.23
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
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,3472,2602,0841,9472,1052,1632,0962,247
Revenue growth (YoY)+11.5%+4.5%-0.6%-13.3%-10.0%---
Other income34.2528.4827.3246.4642.1948.0831.3948.34
Total expenses1,7862,1361,5661,4041,5331,5671,4871,621
EBITDA561124518543572596609625
EBITDA margin+23.9%+5.5%+24.8%+27.9%+27.2%+27.6%+29.1%+27.8%
Depreciation115112112111112112110108
Interest43.1940.2141.4448.2952.2458.8157.3163.51
Profit before tax4370.23392430449473473502
Tax116118104120111128127141
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

To see the full year-wise statements and ratios of Bharat Forge Ltd, buy the company report.

Board of directors of Bharat Forge Ltd

Bharat Forge has 10 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Subodh Eknath TandaleWhole-Time Director23 May 200620 Years 5 MonthsCurrent
Basavraj Prabhakar KalyaniWhole-Time Director23 May 200620 Years 5 MonthsCurrent
Babasaheb Neelkanth Kalyani
Also directs: Zephyr Engineering and Technology Consultants LLP, Kalyani Steels Ltd, Automotive Axles Limited and 3 more
Managing Director30 Mar 199333 Years 7 MonthsCurrent
Amit Babasaheb Kalyani
Also directs: Zephyr Engineering and Technology Consultants LLP, Kalyani Steels Ltd, Novel Engineering and Technology Consultants LLP and 5 more
Whole-Time Director11 May 200917 Years 5 MonthsCurrent
Dipak Balasaheb Mane
Also directs: Ammann India Private Limited, Buhler (India) Private Limited
Director21 Jun 20197 Years 4 MonthsCurrent
Kanwar Bir Singh Anand
Also directs: Ufo Moviez India Limited, Lupin Limited, Tata Chemicals Limited and 2 more
Director27 Jun 20224 Years 4 MonthsCurrent
Showing 6 of 10 current directors. View all directors

Peer comparison

Bharat Forge Ltd is compared with the 4 companies closest to it by revenue in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Bharat Forge Ltdthis company₹16,812 Cr (FY 2026)₹1,129.14 Cr6.7%11.2%191Pune, Maharashtra, India
Texmaco Rail & Engineering Limited₹5,164.25 Cr (FY 2025)45.0%Kolkata, West Bengal, India
Tata Bluescope Steel Private Limited₹4,268.87 Cr (FY 2025)0.0%Pune, Maharashtra, India
Goodluck India Limited₹3,971.21 Cr (FY 2025)12.0%New Delhi, Delhi, India
Kutch Copper Limited₹2,478.59 Cr (FY 2025)11720.0%Ahmedabad, Gujarat, India

To see the full peer comparison of Bharat Forge Ltd, buy the company report.

Auditor

Bharat Forge Ltd is audited by B S R & Co. LLP for the financial year 2024.

Auditor firmFinancial yearFirm registration number
B S R & Co. LLPFY 2024101248W/W-100022

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 44.10%, foreign institutional investors hold 15.00%, domestic institutional investors hold 32.40% and retail and other public shareholders hold 8.50%.

Promoters: 44.10%DII (Domestic Institutional): 32.40%FII (Foreign Institutional): 15.00%Retail & Others: 8.50%
Sep 2026
QUARTER
44.10% Promoters
32.40% DII (Domestic Institutional)
15.00% FII (Foreign Institutional)
8.50% Retail & Others
Promoter holding - history
Now 44.10% · Sep 2026High 44.10% · Dec 2025Low 44.10% · Dec 2025
43%43.8%44.5%45.3%46%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 44.10%Mar 2026: 44.10%Jun 2026: 44.10%Sep 2026: 44.10%44.10%44.10%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters44.10%44.10%44.10%44.10%
Public55.90%55.90%55.90%55.90%

Charges & borrowings

Open charges
₹3,481.66 Cr
Satisfied charges
₹5,311.65 Cr
Breakdown by lending institutions
Bank of India₹3,400.00 Cr
Sumitomo Mitsui Banking Corpn.₹60.00 Cr
The Scici Limited₹11.00 Cr
Industrial Development Bank of India₹6.26 Cr
Life Insurance Corpn. of India₹3.50 Cr
Others₹0.90 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
04 Mar 2025101069110Bank of India₹3,400 CrOpen
06 Jan 200390086271Sumitomo Mitsui Banking Corpn.₹60 CrOpen
10 Dec 199690084559The Scici Limited₹11 CrOpen
24 Sep 199390084010The Industrial Finance Corpn. of India₹90 LakhOpen
26 Mar 199290083847Life Insurance Corpn. of India₹3.5 CrOpen

To see the full charge records of Bharat Forge Ltd, buy the company report.

Total charge records: 55 View all charges

Deals & funding

Bharat Forge Ltd has 46 deals on record (38 market trades, 4 funding rounds, 2 qips), with disclosed funding of ₹38.55 Cr; the latest was in September 2025.

Total deals
46
Market trades
38
Funding rounds
4
QIPs
2
Secondary share transfers
2
Disclosed funding
₹38.55 Cr

Deals on record (5 of 46)

WhenDealAmountParties
Dec 2024QIP₹1,650 CrInvestors: Others - QIP Investors, ICICI Prudential India Opportunities Fund, HDFC Life Insurance Company Limited
Jun 2021Market trade₹349.57 CrBuyer: Sbi Life Insurance Company Limited , Tata Aia Life Insurance Company Limited , Kuwait Investment Authority
Seller: Ajinkya Investment & Trading Co
Mar 2017Market trade₹365.4 CrBuyer: an individual
Seller: Shamyak Investment Private Limited
Nov 2016Market trade₹204.76 CrSeller: Sundaram Trading and Investement Private Limited
Sep 2013Market trade₹130.95 CrBuyer: Sundaram Trading and Investement Private Limited

To see the full deal history of Bharat Forge Ltd, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Bharat Forge Ltd was last rated by Icra on 12 Apr 2022.

Rating agencyRated onRating
Icra12 Apr 2022

To see the full credit ratings and regulatory alerts of Bharat Forge Ltd, buy the company report.

MSME payment delays

Bharat Forge Ltd has 10 MSME Form 1 returns on record between 2019 and 2024, listing 105 overdue payments to 22 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 22)

SupplierAmount dueDue sinceReported on
an individual supplier
Santaj Technologies Unit II
Sai Industries
Suprime Industries
Accu Sharp Cutting Tools Private Limited

To see the full MSME payment records of Bharat Forge Ltd, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Bharat Forge has 17 subsidiary companies, 1 joint venture, and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

17
Subsidiary companies
1
Joint ventures
1
Associated companies
Key subsidiaries
Company NameCINShares held
J S Auto Cast Foundry India PU27310TZ2004PTC011284
BF Industrial Technology & Solutions LimitedU28910GJ1989PLC012015
Sagar-Manas Technologies LimitedU29100PN2022PLC209117
BF Elbit Advanced Systems Private LimitedU29270PN2012PTC144268
Kalyani Rafael Advanced Systems Private LimitedU29270PN2015PTC156252
Kalyani Lightweighting Technology Solutions LimitedU29299PN2022PLC213002

To see the full group structure of Bharat Forge Ltd, buy the company report.

Employees & EPFO

Bharat Forge Ltd has a workforce of 191 employees on its EPFO records as of Aug 30, 2025, across 4 active EPFO establishments.

Employee count
191
Active EPFO establishments
4
Employee growth
-95.38%

GST

Bharat Forge has 19 GST registrations: 11 active and 8 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
19
Active
11
Cancelled / inactive
8
GSTINStateStatusRegistered on
24AAACB8519L1ZKGujaratActive01 Jul 2017
27AAACB8519L1ZEMaharashtraActive01 Jul 2017
29AAACB8519L2Z9KarnatakaActive01 Jul 2017
33AAACB8519L2ZKTamil NaduActive01 Jul 2017

To see the full GST registrations and return filing status of Bharat Forge Ltd, buy the company report.

Recent activity

Bharat Forge Ltd has 62 board changes on record since 1986: 37 appointments and 25 cessations. The latest: Ravi Kapoor ceased to be Director on 30 Sep 2025.

Charges
A charge registered on 13 Jul 1994 via Charge ID 90084141 with Bank Of Baroda was fully satisfied on 11 Jun 2026.
Charges
A charge registered on 23 Sep 2002 via Charge ID 90086181 with Export Import Bank Of India was fully satisfied on 21 May 2026.
Charges
A charge registered on 23 Sep 2000 via Charge ID 90085489 with Export Import Bank Of India was fully satisfied on 21 May 2026.
Charges
A charge registered on 16 Sep 1998 via Charge ID 90084897 with Export Import Bank Of India was fully satisfied on 21 May 2026.
Charges
A charge registered on 27 Dec 1997 via Charge ID 90084749 with Export Import Bank Of India was fully satisfied on 21 May 2026.
Filing
Bharat Forge Ltd has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Pune.
Charges
A charge registered on 18 Mar 2002 via Charge ID 90086045 with Bank Of India was fully satisfied on 21 Jan 2026.
Charges
A charge registered on 27 Jan 1998 via Charge ID 90084772 with Bank Of India was fully satisfied on 21 Jan 2026.
Charges
A charge registered on 27 Mar 1997 via Charge ID 90084606 with Bank Of India was fully satisfied on 21 Jan 2026.
Charges
A charge registered on 23 Sep 1996 via Charge ID 90084530 with Bank Of India was fully satisfied on 21 Jan 2026.
Charges
A charge registered on 29 Dec 1995 via Charge ID 90235712 with Bank Of India was fully satisfied on 21 Jan 2026.
Charges
A charge registered on 23 Nov 1995 via Charge ID 90084356 with Bank Of India was fully satisfied on 21 Jan 2026.

187 earlier events are in the company report.

News

Engineering Exports May Hit Record $150 Billion In FY27; Exports In Sectors Like Iron And Steel And Their Products And Machinery Would Help Shipments.: EEPC Chairman ( Bharat Forge , Samvardhana , Cummins )
19 Oct 2026 · Exchange Update

Frequently asked questions

Bharat Forge is an active public limited company based in Pune, Maharashtra, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 19 June 1961 (65+ years old) and is registered under CIN L25209PN1961PLC012046. Listed on BSE: 500493 and NSE: BHARATFORG.

Bharat Forge reported revenue of ₹16,812 Cr for FY 2025-26 (up 11.2% YoY) based on consolidated financials.

Bharat Forge has 10 current directors:

The latest financial statements of Bharat Forge on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 07 August 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Bharat Forge is 24AAACB8519L1ZK, registered in Gujarat. The company has 19 GST registrations in all, of which 11 are active and 8 are cancelled or inactive. Other active GSTINs include 27AAACB8519L1ZE (Maharashtra), 29AAACB8519L2Z9 (Karnataka), 33AAACB8519L2ZK (Tamil Nadu).

The CIN (Corporate Identification Number) of Bharat Forge is L25209PN1961PLC012046. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Bharat Forge is a listed company as per MCA records. Its shares are listed on both BSE (code: 500493) and NSE (symbol: BHARATFORG).

Bharat Forge has 866 court cases on record: 576 filed by the company and 292 filed against it. 72 are pending. Most are in the district courts.

Bharat Forge was incorporated on 19 June 1961, making it 65+ years old. It is registered with the Registrar of Companies, Pune.

Bharat Forge has 46 deals on record (38 market trades, 4 funding rounds, 2 qips), with disclosed funding of ₹38.55 Cr; the latest was in September 2025.

The peers of Bharat Forge by revenue are Texmaco Rail & Engineering Limited, Tata Bluescope Steel Private Limited, Goodluck India Limited, Kutch Copper Limited, all in the Engineering industry (Foundry and Fabrication), with the same principal business activity (metal and metal products).

Ravi Kapoor ceased to be Director on 30 Sep 2025. Rashmi Satish Joshi was appointed as Director on 30 Dec 2024. Ravi Kapoor was appointed as Director on 30 Dec 2024. Bharat Forge has 62 board changes on record in total.