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
Data last updated
Market Cap
₹97,680 Cr
BHARATFORG · NSE
Share Price
₹2,008.00
+0.46% today
Revenue
₹16,812 Cr
FY 2025-26 · +11.6% YoY
EBITDA
₹2,763 Cr
Margin 16.4%
Net Profit
₹1,129 Cr
FY 2025-26 · +18.7% YoY
P/E (TTM)
94.7x
P/B 10.0x
ROE
11.6%
ROCE 11.7%
Debt / Equity
0.74
Interest cover 18.1x

About Bharat Forge Ltd

Data last updated: 26 September 2026

Bharat Forge Ltd is a public limited company based in Pune, Maharashtra, India. It specialises in metal foundry and fabrication services, a part of the broader engineering sector. Incorporated on 19 June 1961, the company has been in operation for over 65 years.

Registered with ROC Pune under CIN L25209PN1961PLC012046. Listed on BSE: 500493 and NSE: BHARATFORG.

Capital: an authorised share capital of ₹240 Cr and a paid-up capital of ₹95.62 Cr. Formerly known as Bharat Forge Co Ltd. It is led by directors including Subodh Eknath Tandale and Basavraj Prabhakar Kalyani.

Last AGM: 07 August 2025. Financial statements filed for year ended 31 March 2025. Office: 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 11.17% compared to the previous year. The net worth stands at ₹9,579.84 Cr (up 3.53% YoY). Total assets are valued at ₹17,783 Cr (up 9.22% YoY).

The company has a workforce of approximately 191 employees as per the latest available data. Its group structure includes 17 subsidiaries and 1 joint venture.

The company is associated with 3 brands - Kalyani Powertrain, Kalyani Group, 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.

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 of Bharat Forge Ltd
CIN L25209PN1961PLC012046
Registration Number 012046
Incorporation Date 19 June 1961
ROC Pune
Listing Status Listed (BSE: 500493, NSE: BHARATFORG)
Company Status Active
Date of Last AGM 07 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Babasaheb Neelkanth Kalyani Managing Director Subodh Eknath Tandale Whole-Time Director Basavraj Prabhakar Kalyani Whole-Time Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    bharatforge.com
  • Social Media
  • Registered Address
    Mundhwa Pune Cantonment, Maharashtra, India – 411036
  • Industry
    Engineering, Metal Foundry & Fabrication Services
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Financials, compliance, directors, charges, ownership and filings for Bharat Forge Ltd in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Bharat Forge Ltd

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

CIN Status
L25209PN1961PLC012046 Current
U25209MH1961PLC012046 Previous

Associated Brands with Bharat Forge Ltd

Bharat Forge Ltd operates multiple associated brands including Kalyani Powertrain, Kalyani Group, and Bharat Forge. These brands represent Bharat Forge Ltd's diversified market presence and brand portfolio.

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

Competitors & Alternatives of Bharat Forge Ltd

Brands and companies operating in the same space as Bharat Forge Ltd include Maini Precision Products, Ramkrishna Forgings, Sertec and 7 more.

Competitor Description Location Founded
Maini Precision Products Maini Precision Products Manufacturer & supplier of precision products and assemblies Bengaluru, India, India 1973
Ramkrishna Forgings Ramkrishna Forgings Ramkrishna Forgings is engaged in metal forming and manufacturing. Kolkata, India, India 1981
Sertec Sertec Precision stamped components are manufactured and supplied to automotive OEMs. Birmingham, United Kingdom, United Kingdom 1962
Nemak Nemak Automotive aluminium components are manufactured and supplied to OEMs worldwide. Villa De Garcia, Mexico, Mexico 1979
Dynamatic Technologies Dynamatic Technologies Products for automotive, aeronautic, hydraulic, and security sectors are manufactured. Bengaluru, India, India 1973
ULEMCo ULEMCo Low-emission hydrogen-fueled vehicles are manufactured by converting diesel commercial trucks. Liverpool, United Kingdom, United Kingdom 2014
Tube Investments of India Tube Investments of India High precision tubes are manufactured for automobiles and bicycles. Chennai, India, India 1949
Novelis Novelis Flat-rolled aluminum products are manufactured and supplied to OEMs. Atlanta, United States, United States 2005
Tembo Tembo Tembo is recognized as a leader in electric utility vehicles. Eindhoven, Netherlands, Netherlands 2014
Hirschvogel Automotive Group Hirschvogel Automotive Group Provide automotive manufacturers and suppliers worldwide. Denklingen, Germany, Germany 1988

Business Activity of Bharat Forge Ltd

Bharat Forge Ltd is engaged in principal business activities including manufacturing and electricity, gas, steam and air condition supply, with detailed activities including metal and metal products, other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities, electric power generation, transmission and distribution. The company has 3 registered principal business activity segments, demonstrating its operational diversity and market reach.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C7 Metal and metal products Locked
C Manufacturing C13 Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities Locked
D Electricity, gas, steam and air condition supply D1 Electric power generation, transmission and distribution Locked
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Business activity turnover details for Bharat Forge Ltd

Turnover contribution percentages and historical activity changes require an active report plan.

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Auditor Details of Bharat Forge Ltd

Bharat Forge Ltd is audited by B S R & Co. LLP for the financial year 2024. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.

Name Status Appointment Date Cessation Date
B S R & Co. LLP Locked Locked Locked
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Complete auditor history for Bharat Forge Ltd

Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.

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  • Appointment dates
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  • Auditor changes

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Board of Directors of Bharat Forge Ltd

Bharat Forge Ltd is currently managed by 10 directors, with 28 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Subodh Eknath Tandale
Also directs: Bharat Forge Ltd
Whole-Time Director 23 May 2006 20 Years 4 Months Current
Basavraj Prabhakar Kalyani
Also directs: Bharat Forge Ltd
Whole-Time Director 23 May 2006 20 Years 4 Months Current
Babasaheb Neelkanth Kalyani
Also directs: Zephyr Engineering And Technology Consultants Llp, Bharat Forge Ltd, Kalyani Steels Ltd and 4 more
Managing Director 30 Mar 1993 33 Years 5 Months Current
Amit Babasaheb Kalyani
Also directs: Zephyr Engineering And Technology Consultants Llp, Bharat Forge Ltd, Kalyani Steels Ltd and 5 more
Whole-Time Director 11 May 2009 17 Years 4 Months Current
Dipak Balasaheb Mane
Also directs: Bharat Forge Ltd, Ammann India Private Limited, Buhler (India) Private Limited
Director 21 Jun 2019 7 Years 3 Months Current
Kanwar Bir Singh Anand
Also directs: Bharat Forge Ltd, Ufo Moviez India Limited, Lupin Limited and 3 more
Director 27 Jun 2022 4 Years 2 Months Current
Showing 6 of 10 current directors. View all directors

Financials of Bharat Forge Ltd FY 2025-26 filings available

Bharat Forge Ltd reported revenue of ₹16,812 Cr (up 11.17% 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+11.6%-4.2%+17.1%+31.1%+47.4%-17.7%-12.8%
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%-7.5%-10.1%-2.3%
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+2.0%+0.0%+14.0%+23.7%+57.3%-19.5%-21.1%
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%-7.1%-7.4%-0.1%
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 26 Sep 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%-7.5%-10.1%-2.3%
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+11.6%-4.2%+17.1%+31.1%+47.4%-17.7%-12.8%
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%-20.6%
EBITDA growth+9.1%-0.5%+50.8%-11.1%+261.2%-47.1%-51.4%
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%-63.2%
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%-7.1%-7.4%-0.1%
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+2.0%+0.0%+14.0%+23.7%+57.3%-19.5%-21.1%
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%-30.0%
EBITDA growth-24.8%-5.1%+31.9%+13.7%+128.5%-22.0%-51.7%
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%-51.5%
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
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Shareholding Pattern of Bharat Forge Ltd

As per the shareholding pattern for the quarter ended Jun 2026, promoters hold 44.10%, foreign institutional investors hold 15.00%, domestic institutional investors hold 32.40%, retail and other public shareholders hold 8.50% of Bharat Forge Ltd.

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

Group Structure of Bharat Forge Ltd

Bharat Forge Ltd has 17 subsidiary companies, 1 joint venture, and 1 associated company. This group structure data is as of FY 2024. The corporate group structure reflects Bharat Forge Ltd's business expansion strategy and organizational complexity.

17
Subsidiary companies
1
Joint ventures
1
Associated companies
Key Subsidiaries
Company Name CIN Shares Held
J S Auto Cast Foundry India P U27310TZ2004PTC011284 -
Bf Industrial Technology & Solutions Limited U28910GJ1989PLC012015 -
Sagar-Manas Technologies Limited U29100PN2022PLC209117 -
Bf Elbit Advanced Systems Private Limited U29270PN2012PTC144268 -
Kalyani Rafael Advanced Systems Private Limited U29270PN2015PTC156252 -
Kalyani Lightweighting Technology Solutions Limited U29299PN2022PLC213002 -

Showing major subsidiaries. Total: 17.

Charges & Borrowings of Bharat Forge Ltd

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
DateLenderAmountStatus
04 Mar 2025 Bank of India ₹3,400 Cr Open
06 Jan 2003 Sumitomo Mitsui Banking Corpn. ₹60 Cr Open
10 Dec 1996 The Scici Limited ₹11 Cr Open
24 Sep 1993 The Industrial Finance Corpn. of India ₹90 Lakh Open
26 Mar 1992 Life Insurance Corpn. of India ₹3.5 Cr Open

Total charge records: 55 View all charges

Employees and EPFO Compliance at Bharat Forge Ltd

Bharat Forge Ltd has a workforce of 191 employees as of Aug 30, 2025.

Employee count
191
Active EPFO establishments
4
Employee growth
-95.38%
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Employee and EPFO history for Bharat Forge Ltd

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GST Compliance of Bharat Forge Ltd

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Credit Ratings, Litigation & Regulatory Alerts for Bharat Forge Ltd

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MSME Payment Delays by Bharat Forge Ltd

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MSME payment history for Bharat Forge Ltd

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Subsidiaries & Group Companies of Bharat Forge Ltd

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Corporate group structure for Bharat Forge Ltd

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MCA Filings & Documents of Bharat Forge Ltd

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Recent Activity on Bharat Forge Ltd

Charges
11 Jun 2026
A charge registered on 13 Jul 1994 via Charge ID 90084141 with Bank Of Baroda was fully satisfied on 11 Jun 2026.
Charges
21 May 2026
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
21 May 2026
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
21 May 2026
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
21 May 2026
A charge registered on 27 Dec 1997 via Charge ID 90084749 with Export Import Bank Of India was fully satisfied on 21 May 2026.
Charges
21 Jan 2026
A charge registered on 18 Mar 2002 via Charge ID 90086045 with Bank Of India was fully satisfied on 21 Jan 2026.

Recent News on Bharat Forge Ltd

Frequently Asked Questions about Bharat Forge Ltd

Bharat Forge Ltd is an active public limited company in the engineering sector based in Pune, Maharashtra, India. It was incorporated on 19 June 1961 (65+ years old) and is registered under CIN L25209PN1961PLC012046. Listed on BSE: 500493 and NSE: BHARATFORG. The company has 191 employees.

Bharat Forge Ltd reported revenue of ₹16,812 Cr for FY 2025-26 (up 11.17% YoY) based on consolidated financials.

The current directors of Bharat Forge Ltd are:

The primary industry of Bharat Forge Ltd is engineering. The company specifically operates in metal foundry and fabrication services. The company is currently active in this sector.

Yes. Bharat Forge Ltd is listed on both BSE (code: 500493) and NSE (symbol: BHARATFORG).

Bharat Forge Ltd can be reached at the registered office: Mundhwa Pune Cantonment, Maharashtra, India – 411036, or through the website bharatforge.com.

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