Bharat Forge Ltd - engineering in Pune, Maharashtra, India. FY 2026 financials and 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
Revenue · FY 2026
₹16,812 Cr
▲ 11.17% YoY
EBITDA · FY 2026
₹3,125.36 Cr
▲ 7.49% YoY
Net profit · FY 2026
₹1,089.4 Cr
▲ 19.28% YoY
Authorised capital
₹240 Cr
Registered with MCA
Paid-up capital
₹95.62 Cr
Issued & subscribed
Open charges
₹4,083.72 Cr
Satisfied ₹4,709.58 Cr
Company age
65 yrs
Est. 1961
Employees · EPFO
191
Latest available

About Bharat Forge Ltd

Data last updated: 06 January 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 U25209MH1961PLC012046. 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 Kanwar Bir Singh Anand and Subodh Eknath Tandale.

Last AGM: 07 August 2025. Financial statements filed for year ended 31 March 2025. Office: Mundhwa Pune Cantonment, Maharashtra, India – 411036.

As per the financials filed for FY 2025, the company reported a revenue of ₹15,337 Cr, a decline of 4% compared to the previous year.

The company has a workforce of approximately 191 employees as per the latest available data.

The company is associated with 3 brands - Kalyani Powertrain, Kalyani Group, Bharat Forge. As per MCA filings, the company has open charges of ₹4,083.72 Cr and satisfied charges of ₹4,709.58 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
Contact Details
  • Email
    **************
  • Telephone
    **************
  • Website
    **************
  • Social Media
  • Registered Address
    Mundhwa Pune Cantonment, Maharashtra, India – 411036
  • Industry
    Engineering, Metal Foundry & Fabrication Services
Company report
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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
Manufactures electric conversion kits for trucks. kalyanimotive.com
Engineering & manufacturing company focused on Automotive, Industrial, Renewable Energy, etc kalyanigroup.com
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 *********
C Manufacturing C13 Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities *********
D Electricity, gas, steam and air condition supply D1 Electric power generation, transmission and distribution *********

Auditor Details of Bharat Forge Ltd

Bharat Forge Ltd is audited by B S R & Co LLP (ICAI peer reviewed, certificate valid till 2028-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
B S R & Co LLP (ICAI peer reviewed, certificate valid till 2028-07-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Bharat Forge Ltd

Bharat Forge Ltd is currently managed by 12 directors, with 33 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
Kanwar Bir Singh Anand Director 27 Jun 2022 4 Years 0 Months Current
Subodh Eknath Tandale Whole-Time Director 23 May 2006 20 Years 1 Months Current
Basavraj Prabhakar Kalyani Whole-Time Director 23 May 2006 20 Years 1 Months Current
Babasaheb Neelkanth Kalyani Managing Director 30 Mar 1993 33 Years 3 Months Current
Amit Babasaheb Kalyani Whole-Time Director 11 May 2009 17 Years 1 Months Current
Tejaswini Ramkrishna Chaudhari Company Secretary 16 Jul 2016 9 Years 11 Months Current
Showing 6 of 12 current directors. View all directors

Financials of Bharat Forge Ltd FY 2026 filings available

Bharat Forge Ltd reported revenue of ₹16,812 Cr (up 11.17% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹16,812 Cr ▲ 11.17%
Profit · FY 2026
₹1,089.4 Cr ▲ 19.28%
EBITDA · FY 2026
₹3,125.36 Cr ▲ 7.49%
Revenue₹ Cr · Consolidated010,00020,000FY 2020: ₹8,056 Cr8,056FY 2020FY 2021: ₹6,336 Cr · -21.3% YoY6,336-21.3%FY 2021FY 2022: ₹10,461 Cr · +65.1% YoY10,461+65.1%FY 2022FY 2023: ₹12,910 Cr · +23.4% YoY12,910+23.4%FY 2023FY 2024: ₹15,682 Cr · +21.5% YoY15,682+21.5%FY 2024FY 2025: ₹15,123 Cr · -3.6% YoY15,123-3.6%FY 2025FY 2026: ₹16,812 Cr · +11.2% YoY16,812+11.2%FY 2026
Net Profit₹ Cr · Consolidated-50005001,0001,500FY 2020: ₹349 Cr349FY 2020FY 2021: ₹127 Cr (loss) · -136.4% YoY-127FY 2021FY 2022: ₹1,077 Cr · +948.3% YoY1,077+948.3%FY 2022FY 2023: ₹508 Cr · -52.8% YoY508-52.8%FY 2023FY 2024: ₹910 Cr · +79% YoY910+79%FY 2024FY 2025: ₹913 Cr · +0.3% YoY913+0.3%FY 2025FY 2026: ₹1,089 Cr · +19.3% YoY1,089+19.3%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year02,0004,0006,000Q1'25: ₹4,106 Cr · +5.9% YoY4,106+5.9%Q1'25Q2'25: ₹3,689 Cr · -2.3% YoY3,689-2.3%Q2'25Q3'25: ₹3,476 Cr · -10.1% YoY3,476-10.1%Q3'25Q4'25: ₹3,853 Cr · -7.5% YoY3,853-7.5%Q4'25Q1'26: ₹3,909 Cr · -4.8% YoY3,909-4.8%Q1'26Q2'26: ₹4,032 Cr · +9.3% YoY4,032+9.3%Q2'26Q3'26: ₹4,343 Cr · +25% YoY4,343+25%Q3'26Q4'26: ₹4,528 Cr · +17.5% YoY4,528+17.5%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹16,812 Cr ₹15,123 Cr ₹15,682 Cr ₹12,910 Cr ₹10,461 Cr ₹6,336.26 Cr ₹8,055.84 Cr
Other Income ₹198.68 Cr ₹213.76 Cr ₹227.42 Cr ₹172.86 Cr ₹195.9 Cr ₹168.9 Cr ₹187.86 Cr
Total Income ₹17,010 Cr ₹15,337 Cr ₹15,909 Cr ₹13,083 Cr ₹10,657 Cr ₹6,505.16 Cr ₹8,243.71 Cr
Cost of Materials Consumed ₹7,777.93 Cr ₹6,439.62 Cr ₹7,138.38 Cr ₹6,064.99 Cr ₹4,617.58 Cr ₹2,480.09 Cr ₹3,118.66 Cr
Purchases of Stock-in-Trade ₹78.87 Cr ₹231.82 Cr ₹245.02 Cr ₹166.4 Cr ₹188.31 Cr ₹173.72 Cr ₹405.53 Cr
Changes in Inventories -₹267.22 Cr -₹77.11 Cr -₹4.21 Cr -₹270.04 Cr -₹589.93 Cr -₹19.65 Cr ₹52.34 Cr
Employee Benefit Expense ₹2,103.42 Cr ₹1,869.9 Cr ₹1,860 Cr ₹1,563.1 Cr ₹1,464.68 Cr ₹1,071.06 Cr ₹1,195.46 Cr
Finance Costs ₹323.35 Cr ₹417.49 Cr ₹491.17 Cr ₹298.62 Cr ₹160.41 Cr ₹107.73 Cr ₹171.33 Cr
Depreciation & Amortisation ₹970.92 Cr ₹873.62 Cr ₹848.2 Cr ₹735.59 Cr ₹730.3 Cr ₹612.16 Cr ₹547.72 Cr
Other Expenses ₹4,191.98 Cr ₹3,964.62 Cr ₹3,884.94 Cr ₹3,618.28 Cr ₹2,764.5 Cr ₹1,769.31 Cr ₹2,169.15 Cr
Total Expenses ₹15,179 Cr ₹13,720 Cr ₹14,463 Cr ₹12,177 Cr ₹9,335.85 Cr ₹6,194.41 Cr ₹7,660.18 Cr
Profit Before Exceptional Items & Tax ₹1,831.09 Cr ₹1,616.6 Cr ₹1,446 Cr ₹906.17 Cr ₹1,321.13 Cr ₹310.75 Cr ₹583.53 Cr
Exceptional Items -₹154.44 Cr -₹157.07 Cr -₹12.32 Cr -₹45.79 Cr ₹92.41 Cr -₹306.23 Cr -₹78.92 Cr
Profit Before Tax ₹1,676.64 Cr ₹1,459.53 Cr ₹1,433.68 Cr ₹860.38 Cr ₹1,413.53 Cr ₹4.52 Cr ₹504.61 Cr
Total Tax Expense ₹577.77 Cr ₹542.55 Cr ₹528.83 Cr ₹318.56 Cr ₹303.45 Cr ₹101.51 Cr ₹112.46 Cr
Net Profit ₹1,089.4 Cr ₹913.28 Cr ₹910.16 Cr ₹508.39 Cr ₹1,077.06 Cr -₹126.97 Cr ₹349.25 Cr
  attributable to Owners ₹1,079.66 Cr ₹941.15 Cr ₹951.13 Cr ₹458.65 Cr ₹1,081.76 Cr ₹195.62 Cr ₹349.83 Cr
  attributable to NCI ₹9.74 Cr -₹27.88 Cr -₹40.97 Cr -₹20.01 Cr -₹4.7 Cr -₹29.4 Lakh -₹58.6 Lakh
Other Comprehensive Income -₹341.21 Cr -₹55.58 Cr -₹123.12 Cr -₹69.74 Cr ₹235.14 Cr ₹322.29 Cr -₹172.91 Cr
Total Comprehensive Income ₹748.19 Cr ₹857.69 Cr ₹787.04 Cr ₹438.65 Cr ₹1,312.2 Cr ₹195.32 Cr ₹176.34 Cr
EBITDA (computed) ₹3,125.36 Cr ₹2,907.71 Cr ₹2,785.36 Cr ₹1,940.38 Cr ₹2,211.84 Cr ₹1,030.64 Cr ₹1,302.57 Cr
Basic EPS ₹22.58 ₹20.05 ₹20.43 ₹11.35 ₹23.23 ₹-2.71 ₹7.51
Diluted EPS ₹22.58 ₹20.05 ₹20.43 ₹11.35 ₹23.23 ₹-2.71 ₹7.51
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹22,260 Cr ₹20,088 Cr ₹19,349 Cr ₹18,384 Cr
Non-current Assets ₹11,057 Cr ₹9,855.98 Cr ₹9,333.61 Cr ₹9,382.17 Cr
Current Assets ₹11,203 Cr ₹10,232 Cr ₹10,016 Cr ₹8,521.95 Cr
Property, Plant & Equipment ₹7,257.55 Cr ₹5,847.38 Cr ₹5,468.27 Cr ₹5,272.3 Cr
Inventories ₹4,052.78 Cr ₹3,578.44 Cr ₹3,216.08 Cr ₹3,126.25 Cr
Trade Receivables ₹3,909.8 Cr ₹2,899.61 Cr ₹3,167.15 Cr ₹3,087.46 Cr
Cash & Equivalents ₹847.89 Cr ₹621.04 Cr ₹1,315.31 Cr ₹508.71 Cr
Equity (Net Worth) ₹9,556.83 Cr ₹9,220.58 Cr ₹7,165.31 Cr ₹6,741.6 Cr
Equity Share Capital ₹95.63 Cr ₹95.63 Cr ₹93.13 Cr ₹93.13 Cr
Borrowings (Non-current) ₹1,812.36 Cr ₹1,319.37 Cr ₹1,858.98 Cr ₹1,751.27 Cr
Borrowings (Current) ₹5,062.26 Cr ₹4,969.02 Cr ₹5,663.1 Cr ₹5,101.06 Cr
Total Debt (computed) ₹6,874.62 Cr ₹6,288.39 Cr ₹7,522.08 Cr ₹6,852.33 Cr
Current Liabilities ₹9,581.44 Cr ₹8,703.01 Cr ₹9,280.11 Cr ₹8,276.86 Cr
Total Liabilities ₹12,703 Cr ₹10,868 Cr ₹12,184 Cr ₹11,643 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹1,486.64 Cr ₹1,796.34 Cr ₹1,664.4 Cr ₹1,294.47 Cr ₹505.85 Cr
Investing Cash Flow -₹1,033.03 Cr -₹1,964.33 Cr -₹666.75 Cr -₹1,671.33 Cr -₹690.05 Cr
Financing Cash Flow -₹441.99 Cr -₹569.7 Cr -₹202.69 Cr ₹280.27 Cr ₹310.17 Cr
Capital Expenditure ₹1,140.5 Cr ₹1,450.46 Cr ₹1,524.03 Cr ₹996.18 Cr ₹1,068.33 Cr
Free Cash Flow (computed) ₹346.15 Cr ₹345.88 Cr ₹140.37 Cr ₹298.28 Cr -₹562.48 Cr
Dividends Paid ₹379.66 Cr ₹422.09 Cr ₹380.07 Cr ₹325.28 Cr ₹164.17 Cr
Net Change in Cash ₹226.85 Cr -₹694.28 Cr ₹806.6 Cr -₹90.84 Cr ₹111.11 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹4,528.04 Cr ₹4,342.93 Cr ₹4,031.93 Cr ₹3,908.75 Cr ₹3,852.6 Cr ₹3,475.55 Cr ₹3,688.51 Cr ₹4,106.15 Cr ₹4,164.21 Cr ₹3,866.41 Cr ₹3,774.19 Cr ₹3,877.27 Cr
Other Income ₹52.97 Cr ₹42.48 Cr ₹53.51 Cr ₹49.72 Cr ₹62.1 Cr ₹38.37 Cr ₹61.65 Cr ₹51.65 Cr ₹54.83 Cr ₹55.95 Cr ₹52.49 Cr ₹64.16 Cr
Total Income ₹4,581.01 Cr ₹4,385.41 Cr ₹4,085.44 Cr ₹3,958.47 Cr ₹3,914.71 Cr ₹3,513.91 Cr ₹3,750.16 Cr ₹4,157.79 Cr ₹4,219.04 Cr ₹3,922.36 Cr ₹3,826.67 Cr ₹3,941.43 Cr
Cost of Materials Consumed ₹2,271.81 Cr ₹1,841.79 Cr ₹1,947.38 Cr ₹1,716.96 Cr ₹1,635.21 Cr ₹1,438.67 Cr ₹1,684.68 Cr ₹1,681.06 Cr ₹2,011.81 Cr ₹1,521.95 Cr ₹1,819.71 Cr ₹1,784.92 Cr
Purchases of Stock-in-Trade ₹23.02 Cr ₹19.34 Cr ₹22.02 Cr ₹14.5 Cr ₹67.9 Cr ₹7.57 Cr ₹71.54 Cr ₹84.81 Cr -₹111.98 Cr ₹270.16 Cr ₹51.57 Cr ₹35.27 Cr
Changes in Inventories -₹143.07 Cr ₹113.09 Cr -₹201.95 Cr -₹35.29 Cr ₹20.3 Cr ₹23.57 Cr -₹191.97 Cr ₹71 Cr ₹56.78 Cr -₹11.79 Cr -₹107.06 Cr ₹57.87 Cr
Employee Benefit Expense ₹534.62 Cr ₹534.56 Cr ₹520.57 Cr ₹513.67 Cr ₹467.77 Cr ₹436.15 Cr ₹467.24 Cr ₹498.74 Cr ₹474.88 Cr ₹449.8 Cr ₹462.72 Cr ₹472.6 Cr
Finance Costs ₹84.4 Cr ₹76.64 Cr ₹80.09 Cr ₹82.22 Cr ₹88.01 Cr ₹95.96 Cr ₹109.81 Cr ₹123.71 Cr ₹115.52 Cr ₹136.82 Cr ₹124.33 Cr ₹114.5 Cr
Depreciation & Amortisation ₹255.09 Cr ₹248.85 Cr ₹240.89 Cr ₹226.1 Cr ₹223.76 Cr ₹218.25 Cr ₹213.35 Cr ₹218.27 Cr ₹207.11 Cr ₹223.67 Cr ₹211.33 Cr ₹206.09 Cr
Other Expenses ₹1,063.46 Cr ₹1,084.26 Cr ₹1,018.27 Cr ₹1,026 Cr ₹980.09 Cr ₹945.2 Cr ₹1,009.74 Cr ₹1,029.59 Cr ₹1,089.44 Cr ₹938.43 Cr ₹925.82 Cr ₹931.25 Cr
Total Expenses ₹4,089.33 Cr ₹3,918.51 Cr ₹3,627.25 Cr ₹3,544.17 Cr ₹3,483.04 Cr ₹3,165.37 Cr ₹3,364.39 Cr ₹3,707.17 Cr ₹3,843.55 Cr ₹3,529.03 Cr ₹3,488.43 Cr ₹3,602.48 Cr
Profit Before Exceptional Items & Tax ₹491.69 Cr ₹466.9 Cr ₹458.19 Cr ₹414.31 Cr ₹431.67 Cr ₹348.54 Cr ₹385.76 Cr ₹450.62 Cr ₹375.48 Cr ₹393.33 Cr ₹338.25 Cr ₹338.94 Cr
Exceptional Items -₹98.73 Cr -₹55.72 Cr ₹0 ₹0 -₹5.3 Cr ₹0 ₹0 -₹151.77 Cr -₹10.23 Cr ₹0 -₹2.1 Cr ₹0
Profit Before Tax ₹392.96 Cr ₹411.19 Cr ₹458.19 Cr ₹414.31 Cr ₹426.37 Cr ₹348.54 Cr ₹385.76 Cr ₹298.86 Cr ₹365.26 Cr ₹393.33 Cr ₹336.15 Cr ₹338.94 Cr
Total Tax Expense ₹158.69 Cr ₹134.42 Cr ₹157.55 Cr ₹127.12 Cr ₹141.48 Cr ₹134.22 Cr ₹141.88 Cr ₹124.97 Cr ₹138.7 Cr ₹140.59 Cr ₹121.79 Cr ₹127.75 Cr
Net Profit ₹233.45 Cr ₹272.8 Cr ₹299.28 Cr ₹283.87 Cr ₹282.62 Cr ₹212.78 Cr ₹243.3 Cr ₹174.58 Cr ₹227.12 Cr ₹254.45 Cr ₹214.87 Cr ₹213.73 Cr
  attributable to Owners ₹232.57 Cr ₹264.21 Cr ₹299.2 Cr ₹283.68 Cr ₹282 Cr ₹212.76 Cr ₹243.59 Cr ₹202.81 Cr ₹235.95 Cr ₹264.55 Cr ₹227.23 Cr ₹223.4 Cr
  attributable to NCI ₹88.3 Lakh ₹8.59 Cr ₹7.9 Lakh ₹18.7 Lakh ₹62.7 Lakh ₹1.7 Lakh -₹29 Lakh -₹28.23 Cr -₹8.84 Cr -₹10.1 Cr -₹12.36 Cr -₹9.67 Cr
Other Comprehensive Income -₹180.61 Cr ₹28.44 Cr -₹87.63 Cr -₹101.41 Cr -₹12.38 Cr -₹5.96 Cr -₹72.31 Cr ₹35.07 Cr -₹210.12 Cr -₹20.03 Cr ₹32.86 Cr ₹74.17 Cr
Total Comprehensive Income ₹52.83 Cr ₹301.24 Cr ₹211.65 Cr ₹182.46 Cr ₹270.24 Cr ₹206.82 Cr ₹170.99 Cr ₹209.65 Cr ₹16.99 Cr ₹234.42 Cr ₹247.73 Cr ₹287.9 Cr
EBITDA (computed) ₹831.18 Cr ₹792.38 Cr ₹779.17 Cr ₹722.63 Cr ₹743.43 Cr ₹662.75 Cr ₹708.92 Cr ₹792.61 Cr ₹698.11 Cr ₹753.81 Cr ₹673.91 Cr ₹659.53 Cr
Basic EPS ₹4.86 ₹5.53 ₹6.26 ₹5.93 ₹5.92 ₹4.54 ₹5.23 ₹4.36 ₹5.07 ₹5.68 ₹4.88 ₹4.80
Diluted EPS ₹4.86 ₹5.53 ₹6.26 ₹5.93 ₹5.92 ₹4.54 ₹5.23 ₹4.36 ₹5.07 ₹5.68 ₹4.88 ₹4.80
Latest 12 quarters shown of 24 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Forgings ₹3,647.99 Cr ₹507.48 Cr ₹14,297 Cr ₹2,939.44 Cr
Defence ₹416.26 Cr ₹20.21 Cr ₹1,889.61 Cr ₹1,167.78 Cr
Others ₹732.95 Cr ₹59.63 Cr ₹2,484.28 Cr ₹568.42 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Forgings ₹13,929 Cr ₹1,956.09 Cr - -
Defence ₹1,757.17 Cr ₹81.5 Cr - -
Others ₹2,169.81 Cr ₹154.03 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹8,395.68 Cr ₹8,843.73 Cr ₹8,968.63 Cr ₹7,572.71 Cr ₹6,254.61 Cr ₹3,651.51 Cr ₹4,563.88 Cr
Other Income ₹144.46 Cr ₹158.85 Cr ₹162.34 Cr ₹150.5 Cr ₹167.5 Cr ₹140.46 Cr ₹160.89 Cr
Total Income ₹8,540.14 Cr ₹9,002.58 Cr ₹9,130.98 Cr ₹7,723.21 Cr ₹6,422.11 Cr ₹3,791.97 Cr ₹4,724.77 Cr
Cost of Materials Consumed ₹3,493.33 Cr ₹3,591.13 Cr ₹3,881.07 Cr ₹3,350.66 Cr ₹2,647.27 Cr ₹1,495.87 Cr ₹1,767.55 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories -₹247.68 Cr ₹1.04 Cr -₹50.97 Cr -₹67.31 Cr -₹94.67 Cr -₹81.42 Cr -₹18.64 Cr
Employee Benefit Expense ₹676.01 Cr ₹636.61 Cr ₹601.45 Cr ₹543.01 Cr ₹505.79 Cr ₹448.24 Cr ₹482.36 Cr
Finance Costs ₹182.17 Cr ₹249.81 Cr ₹287.41 Cr ₹212.69 Cr ₹107.3 Cr ₹77.92 Cr ₹145.03 Cr
Depreciation & Amortisation ₹448.05 Cr ₹440.37 Cr ₹442.04 Cr ₹425.96 Cr ₹411.79 Cr ₹366.08 Cr ₹344.87 Cr
Other Expenses ₹2,167.45 Cr ₹2,111.55 Cr ₹2,059.31 Cr ₹1,835.25 Cr ₹1,480.5 Cr ₹1,061.2 Cr ₹1,317.1 Cr
Total Expenses ₹6,719.33 Cr ₹7,030.51 Cr ₹7,220.31 Cr ₹6,300.25 Cr ₹5,057.97 Cr ₹3,367.88 Cr ₹4,038.27 Cr
Profit Before Exceptional Items & Tax ₹1,820.81 Cr ₹1,972.08 Cr ₹1,910.66 Cr ₹1,422.96 Cr ₹1,364.14 Cr ₹424.09 Cr ₹686.51 Cr
Exceptional Items -₹549.59 Cr -₹153.31 Cr -₹15.43 Cr -₹40.21 Cr ₹31.8 Cr -₹9.18 Cr -₹93.91 Cr
Profit Before Tax ₹1,271.23 Cr ₹1,818.76 Cr ₹1,895.23 Cr ₹1,382.75 Cr ₹1,395.94 Cr ₹414.91 Cr ₹592.59 Cr
Total Tax Expense ₹452.48 Cr ₹496.51 Cr ₹470.27 Cr ₹337.27 Cr ₹318.14 Cr ₹102.81 Cr ₹119.08 Cr
Net Profit ₹818.74 Cr ₹1,322.25 Cr ₹1,424.96 Cr ₹1,045.47 Cr ₹1,077.8 Cr ₹312.09 Cr ₹473.52 Cr
Other Comprehensive Income -₹412.3 Cr -₹124.34 Cr -₹183.7 Cr -₹129.34 Cr ₹246.3 Cr ₹281.47 Cr -₹183.14 Cr
Total Comprehensive Income ₹406.44 Cr ₹1,197.91 Cr ₹1,241.25 Cr ₹916.14 Cr ₹1,324.1 Cr ₹593.56 Cr ₹290.38 Cr
EBITDA (computed) ₹2,451.03 Cr ₹2,662.26 Cr ₹2,640.12 Cr ₹2,061.61 Cr ₹1,883.23 Cr ₹868.08 Cr ₹1,176.4 Cr
Basic EPS ₹17.12 ₹28.16 ₹30.60 ₹22.45 ₹23.15 ₹6.70 ₹10.17
Diluted EPS ₹17.12 ₹28.16 ₹30.60 ₹22.45 ₹23.15 ₹6.70 ₹10.17
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹17,528 Cr ₹17,260 Cr ₹15,188 Cr ₹14,194 Cr
Non-current Assets ₹10,130 Cr ₹9,165.5 Cr ₹7,584.78 Cr ₹7,808.15 Cr
Current Assets ₹7,398.36 Cr ₹8,094.75 Cr ₹7,602.87 Cr ₹6,385.95 Cr
Property, Plant & Equipment ₹2,830.1 Cr ₹2,818.34 Cr ₹2,845.34 Cr ₹2,899.6 Cr
Inventories ₹1,570.09 Cr ₹1,540.17 Cr ₹1,329.49 Cr ₹1,263.84 Cr
Trade Receivables ₹4,129.51 Cr ₹3,819.96 Cr ₹3,618.18 Cr ₹3,243.37 Cr
Cash & Equivalents ₹359.06 Cr ₹358.92 Cr ₹1,041.29 Cr ₹397.72 Cr
Equity (Net Worth) ₹10,988 Cr ₹10,964 Cr ₹8,568.78 Cr ₹7,700 Cr
Equity Share Capital ₹95.63 Cr ₹95.63 Cr ₹93.13 Cr ₹93.13 Cr
Borrowings (Non-current) ₹1,051.6 Cr ₹659.42 Cr ₹1,282.06 Cr ₹1,203.18 Cr
Borrowings (Current) ₹2,712.9 Cr ₹3,322.26 Cr ₹3,142.5 Cr ₹3,232.45 Cr
Total Debt (computed) ₹3,764.5 Cr ₹3,981.68 Cr ₹4,424.56 Cr ₹4,435.63 Cr
Current Liabilities ₹4,864.31 Cr ₹5,131.63 Cr ₹4,804.17 Cr ₹4,684.25 Cr
Total Liabilities ₹6,539.67 Cr ₹6,295.98 Cr ₹6,618.87 Cr ₹6,494.1 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹1,543.97 Cr ₹1,701.16 Cr ₹2,091.56 Cr ₹788.26 Cr ₹275.45 Cr
Investing Cash Flow -₹554.62 Cr -₹2,840.71 Cr -₹808.77 Cr -₹600.79 Cr ₹488.25 Cr
Financing Cash Flow -₹983.9 Cr ₹457.04 Cr -₹640.51 Cr -₹172.28 Cr ₹74.73 Cr
Capital Expenditure ₹323.35 Cr ₹617.09 Cr ₹527.89 Cr ₹300.63 Cr ₹378.37 Cr
Free Cash Flow (computed) ₹1,220.63 Cr ₹1,084.07 Cr ₹1,563.67 Cr ₹487.63 Cr -₹102.92 Cr
Dividends Paid ₹0 ₹422.09 Cr ₹380.07 Cr ₹325.28 Cr ₹164.17 Cr
Net Change in Cash ₹13.5 Lakh -₹682.36 Cr ₹643.57 Cr ₹19.95 Cr ₹838.78 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹2,260.45 Cr ₹2,083.66 Cr ₹1,946.86 Cr ₹2,104.71 Cr ₹2,163.03 Cr ₹2,095.94 Cr ₹2,246.67 Cr ₹2,338.1 Cr ₹2,328.59 Cr ₹2,263.38 Cr ₹2,249.39 Cr ₹2,127.29 Cr
Other Income ₹28.48 Cr ₹27.32 Cr ₹46.46 Cr ₹42.19 Cr ₹48.08 Cr ₹31.39 Cr ₹34.8 Cr ₹44.59 Cr ₹38.18 Cr ₹34.55 Cr ₹42.38 Cr ₹47.23 Cr
Total Income ₹2,288.93 Cr ₹2,110.98 Cr ₹1,993.33 Cr ₹2,146.9 Cr ₹2,211.11 Cr ₹2,127.33 Cr ₹2,281.47 Cr ₹2,382.68 Cr ₹2,366.77 Cr ₹2,297.93 Cr ₹2,291.76 Cr ₹2,174.51 Cr
Cost of Materials Consumed ₹967.48 Cr ₹805.02 Cr ₹810.29 Cr ₹910.54 Cr ₹901.59 Cr ₹830.16 Cr ₹932.14 Cr ₹927.24 Cr ₹937.52 Cr ₹957.06 Cr ₹1,049.99 Cr ₹936.5 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories -₹51.28 Cr ₹3.54 Cr -₹105.02 Cr -₹94.91 Cr -₹43.99 Cr ₹9.92 Cr -₹15.4 Cr ₹50.5 Cr ₹27.16 Cr -₹8 Cr -₹75.59 Cr ₹5.45 Cr
Employee Benefit Expense ₹168.26 Cr ₹170.75 Cr ₹167.35 Cr ₹169.64 Cr ₹153.93 Cr ₹158.34 Cr ₹161.73 Cr ₹162.61 Cr ₹150.44 Cr ₹150.99 Cr ₹150.64 Cr ₹149.38 Cr
Finance Costs ₹40.21 Cr ₹41.44 Cr ₹48.29 Cr ₹52.24 Cr ₹58.81 Cr ₹57.31 Cr ₹63.51 Cr ₹70.18 Cr ₹63.38 Cr ₹80.89 Cr ₹72.63 Cr ₹70.52 Cr
Depreciation & Amortisation ₹112.41 Cr ₹111.99 Cr ₹111.2 Cr ₹112.46 Cr ₹112.21 Cr ₹110.39 Cr ₹108.34 Cr ₹109.43 Cr ₹107.91 Cr ₹112.42 Cr ₹112.85 Cr ₹108.87 Cr
Other Expenses ₹558.66 Cr ₹537.93 Cr ₹523.2 Cr ₹547.66 Cr ₹534.82 Cr ₹487.68 Cr ₹542.77 Cr ₹546.28 Cr ₹554.31 Cr ₹500.17 Cr ₹517.55 Cr ₹487.29 Cr
Total Expenses ₹1,795.74 Cr ₹1,670.67 Cr ₹1,555.29 Cr ₹1,697.63 Cr ₹1,717.38 Cr ₹1,653.8 Cr ₹1,793.09 Cr ₹1,866.24 Cr ₹1,840.72 Cr ₹1,793.53 Cr ₹1,828.06 Cr ₹1,758.01 Cr
Profit Before Exceptional Items & Tax ₹493.2 Cr ₹440.3 Cr ₹438.04 Cr ₹449.28 Cr ₹493.73 Cr ₹473.53 Cr ₹488.38 Cr ₹516.45 Cr ₹526.05 Cr ₹504.41 Cr ₹463.7 Cr ₹416.51 Cr
Exceptional Items -₹492.96 Cr -₹48.73 Cr -₹7.9 Cr ₹0 -₹20.27 Cr -₹91.7 Lakh ₹13.54 Cr -₹145.66 Cr -₹13.34 Cr ₹0 -₹2.1 Cr ₹0
Profit Before Tax ₹23.1 Lakh ₹391.58 Cr ₹430.14 Cr ₹449.28 Cr ₹473.46 Cr ₹472.61 Cr ₹501.91 Cr ₹370.78 Cr ₹512.72 Cr ₹504.41 Cr ₹461.6 Cr ₹416.51 Cr
Total Tax Expense ₹117.99 Cr ₹103.54 Cr ₹120.21 Cr ₹110.75 Cr ₹127.84 Cr ₹126.57 Cr ₹140.75 Cr ₹101.36 Cr ₹123.06 Cr ₹126.6 Cr ₹115.61 Cr ₹105 Cr
Net Profit -₹117.76 Cr ₹288.04 Cr ₹309.94 Cr ₹338.52 Cr ₹345.63 Cr ₹346.04 Cr ₹361.16 Cr ₹269.42 Cr ₹389.66 Cr ₹377.81 Cr ₹345.99 Cr ₹311.5 Cr
Other Comprehensive Income -₹141.07 Cr -₹4.67 Cr -₹149.65 Cr -₹116.91 Cr -₹26 Cr -₹25.92 Cr -₹105.23 Cr ₹32.81 Cr -₹227.21 Cr -₹12.81 Cr -₹21.82 Cr ₹78.14 Cr
Total Comprehensive Income -₹258.83 Cr ₹283.37 Cr ₹160.28 Cr ₹221.61 Cr ₹319.62 Cr ₹320.12 Cr ₹255.93 Cr ₹302.23 Cr ₹162.44 Cr ₹365 Cr ₹324.17 Cr ₹389.65 Cr
EBITDA (computed) ₹645.82 Cr ₹593.74 Cr ₹597.52 Cr ₹613.97 Cr ₹664.76 Cr ₹641.22 Cr ₹660.23 Cr ₹696.05 Cr ₹697.34 Cr ₹697.71 Cr ₹649.17 Cr ₹595.9 Cr
Basic EPS ₹-2.47 ₹6.03 ₹6.48 ₹7.08 ₹7.23 ₹7.38 ₹7.75 ₹5.79 ₹8.37 ₹8.11 ₹7.43 ₹6.69
Diluted EPS ₹-2.47 ₹6.03 ₹6.48 ₹7.08 ₹7.23 ₹7.38 ₹7.75 ₹5.79 ₹8.37 ₹8.11 ₹7.43 ₹6.69
Latest 12 quarters shown of 24 on record.
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Board & Governance of Bharat Forge Ltd

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Bharat Forge Ltd has 10 directors - 5 independent and 4 executive. The board is chaired by BABASAHEB NEELKANTH KALYANI.

DirectorPositionOn board sinceListed boards
BABASAHEB NEELKANTH KALYANI Executive Director · Chairperson 1993-03-30 3
AMIT BABASAHEB KALYANI Executive Director 2004-05-11 6
BASAVRAJ KALYANI Executive Director 2006-05-23 1
ASHISH BHARAT RAM Non-Executive - Non Independent Director 2023-09-01 4
SUBODH EKNATH TANDALE Executive Director 2006-05-23 1
KANWAR BIR SINGH ANAND Non-Executive - Independent Director 2022-06-27 6
SONIA SINGH Non-Executive - Independent Director 2022-06-27 5
DIPAK BALASAHEB MANE Non-Executive - Independent Director 2019-06-21 1
ANAND PATHAK Non-Executive - Independent Director 2024-07-12 1
RASHMI JOSHI Non-Executive - Independent Director 2024-12-30 5
Board Committees
CommitteeMembers
Audit Committee KANWAR BIR SINGH ANAND (Chairperson), RASHMI JOSHI, ASHISH BHARAT RAM
Nomination and remuneration committee DIPAK BALASAHEB MANE (Chairperson), ASHISH BHARAT RAM, SONIA SINGH, RASHMI JOSHI
Stakeholders Relationship Committee ANAND PATHAK (Chairperson), BABASAHEB NEELKANTH KALYANI, AMIT BABASAHEB KALYANI, SONIA SINGH
Risk Management Committee BABASAHEB NEELKANTH KALYANI (Chairperson), AMIT BABASAHEB KALYANI, ASHISH BHARAT RAM, RASHMI JOSHI
Corporate Social Responsibility Committee BABASAHEB NEELKANTH KALYANI (Chairperson), ANAND PATHAK, AMIT BABASAHEB KALYANI, KANWAR BIR SINGH ANAND
ESG Committee AMIT BABASAHEB KALYANI (Chairperson), SONIA SINGH, DIPAK BALASAHEB MANE

Charges & Borrowings of Bharat Forge Ltd

Open charges
₹4,083.72 Cr
Satisfied charges
₹4,709.58 Cr
Breakdown by lending institutions
Bank of India₹3,891.51 Cr
Export Import Bank of India₹79.23 Cr
Sumitomo Mitsui Banking Corpn.₹60.00 Cr
Bank of Baroda₹31.32 Cr
The Scici Limited₹11.00 Cr
Others₹10.66 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
23 Sep 2002 Export Import Bank of India ₹24.23 Cr Open
18 Mar 2002 Bank of India ₹135 Cr Open
23 Sep 2000 Export Import Bank of India ₹30 Cr Open

Total charge records: 55 View all charges

Employees and EPFO Compliance at Bharat Forge Ltd

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2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Bharat Forge Ltd

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Monthly employee headcount & PF contributions
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GST Compliance of Bharat Forge Ltd

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Bharat Forge Ltd

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GSTIN registrations & state-wise presence
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Credit Ratings, Litigation & Regulatory Alerts for Bharat Forge Ltd

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Bharat Forge Ltd

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
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Group company & common directorship litigation
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MSME Payment Delays by Bharat Forge Ltd

MSME Payment Delays by Bharat Forge Ltd

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Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Bharat Forge Ltd

Subsidiaries & Group Companies of Bharat Forge Ltd

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Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
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Investments in other entities year-on-year

MCA Filings & Documents of Bharat Forge Ltd

MCA Filings & Documents of Bharat Forge Ltd

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
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Complete document index with filing dates

Recent Activity on Bharat Forge Ltd

Activity
07 Aug 2025
Bharat Forge Ltd last Annual general meeting of members was held on 07 Aug 2025 as per latest MCA records.
Charges
25 Apr 2025
A charge registered on 18 Mar 2002 via Charge ID 80022454 with Bank Of India was fully satisfied on 25 Apr 2025.
Activity
31 Mar 2025
Bharat Forge Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
04 Mar 2025
A charge with Bank Of India amounted to Rs. 3,400.00 Cr with Charge ID 101069110 was registered on 04 Mar 2025.
Directors
30 Dec 2024
Rashmi Satish Joshi was appointed as a Director on 30 Dec 2024 & has been associated with this company since 1 year 6 months.
Directors
12 Jul 2024
Anand Swarup Pathak was appointed as a Director on 12 Jul 2024 & has been associated with this company since 1 year 11 months.

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 ₹15,337 Cr for FY 2025 (down 4.00% YoY).

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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