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.
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Registered AddressMundhwa Pune Cantonment, Maharashtra, India – 411036
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IndustryEngineering, Metal Foundry & Fabrication Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
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 |
|---|---|---|---|
|
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Manufacturer & supplier of precision products and assemblies | Bengaluru, India, India | 1973 |
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Ramkrishna Forgings is engaged in metal forming and manufacturing. | Kolkata, India, India | 1981 |
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Precision stamped components are manufactured and supplied to automotive OEMs. | Birmingham, United Kingdom, United Kingdom | 1962 |
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Automotive aluminium components are manufactured and supplied to OEMs worldwide. | Villa De Garcia, Mexico, Mexico | 1979 |
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Products for automotive, aeronautic, hydraulic, and security sectors are manufactured. | Bengaluru, India, India | 1973 |
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Low-emission hydrogen-fueled vehicles are manufactured by converting diesel commercial trucks. | Liverpool, United Kingdom, United Kingdom | 2014 |
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High precision tubes are manufactured for automobiles and bicycles. | Chennai, India, India | 1949 |
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Flat-rolled aluminum products are manufactured and supplied to OEMs. | Atlanta, United States, United States | 2005 |
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Tembo is recognized as a leader in electric utility vehicles. | Eindhoven, Netherlands, Netherlands | 2014 |
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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.
| 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 |
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Babasaheb Neelkanth Kalyani
Also directs:
Zephyr Engineering And Technology Consultants Llp, Kalyani Steels Ltd, Automotive Axles Limited and 3 more
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Managing Director | 30 Mar 1993 | 33 Years 3 Months | Current |
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Amit Babasaheb Kalyani
Also directs:
Zephyr Engineering And Technology Consultants Llp, Kalyani Steels Ltd, Novel Engineering And Technology Consultants Llp and 5 more
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Whole-Time Director | 11 May 2009 | 17 Years 1 Months | Current |
| Tejaswini Ramkrishna Chaudhari | Company Secretary | 16 Jul 2016 | 9 Years 11 Months | Current |
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.
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
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.
| Director | Position | On board since | Listed 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 |
| Committee | Members |
|---|---|
| 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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 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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Employee Count & EPFO Data of Bharat Forge Ltd
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GST Compliance of Bharat Forge Ltd
GSTIN & GST Filing Data 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
MSME Payment Delays by Bharat Forge Ltd
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Subsidiaries & Group Companies of Bharat Forge Ltd
Subsidiaries & Group Companies of Bharat Forge Ltd
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MCA Filings & Documents of Bharat Forge Ltd
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Recent Activity on Bharat Forge Ltd
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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 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.