Bharat Forge Ltd.

NSE: BHARATFORG  SECTOR: Forgings

587.3
-26.2 (-4.27%)

Price Summary

Today's High

₹ 614.3

Today's Low

₹ 580.15

52 Week High

₹ 676.1

52 Week Low

₹ 207.85

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

27344.02035736 Cr.

Enterprise Value

30136.90935736 Cr.

No. of Shares

46.5588632 Cr.

P/E

399.47

P/B

4.94

Face Value

₹ 2

Div. Yield

0.6%

Book Value (TTM)

₹  118.946

CASH

444.201 Cr.

DEBT

3237.09 Cr.

Promoter Holding

45.76%

EPS (TTM)

₹  1.4702

Sales Growth

-30.0016717817052%

ROE

8.80692433350017 %

ROCE

8.58720935748874 %

Profit Growth

10.3752856119919 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

Sales Growth (in Cr.)

1 Year-30%
3 Year5.7%
5 Year0.07%

Profit Growth (in Cr.)

1 Year-55.8%
3 Year-6.81%
5 Year-8.01%

ROE%

1 Year8.81%
3 Year15.4%
5 Year16.18%

ROCE %

1 Year8.59%
3 Year16.07%
5 Year16.35%

Debt/Equity

0.6045

Price to Cash Flow

19.86

Interest Cover Ratio

5.08604545329178

CFO/PAT (5 Yr. Avg.)

1.67591477390174

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2020 45.76 0
Jun 2020 45.76 0
Mar 2020 45.76 0
Dec 2019 45.76 0
Sep 2019 45.76 0
* Figures given above are % of equity capital

 Strengths

  • The Company has been maintaining an effective average operating margins of 27.0208221295813% in the last 5 years.
  • The company has a good cash flow management; CFO/PAT stands at 1.67591477390174.

 Limitations

  • The company has shown a poor profit growth of -6.80902028702285% for the Past 3 years.
  • The company has shown a poor revenue growth of 5.69983825194689% for the Past 3 years.
  • The company is trading at a high EV/EBITDA of 46.3326.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
Net Sales 1259.45 1076.68 881.18 426.97 881.46
Total Expenditure 939.34 841.12 770.87 429.8 724.92
Operating Profit 320.12 235.57 110.3 -2.83 156.54
Other Income 49.53 39.78 31.48 41.96 31.31
Interest 29.15 35.59 41.5 29.9 7.52
Depreciation 89.31 82.26 84.7 80.84 88.27
Exceptional Items 0 0 -93.91 0 -2.91
Profit Before Tax 251.18 157.5 -78.33 -71.61 89.15
Tax 6.31 29.69 -5.03 -15.3 18.91
Profit After Tax 244.87 127.81 -73.3 -56.31 70.25
Adjusted EPS (Rs) 0.53 0.27 -0.16 -0.12 0.15

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 4333.81 3864.66 5315.96 6519.99 4563.88
Total Expenditure 3017 2792.06 3779.2 4643.91 3548.37
Operating Profit 1316.81 1072.6 1536.77 1876.09 1015.52
Other Income 112.35 99.49 118.69 196.03 160.89
Interest 90.51 72.77 84.84 102.41 145.03
Depreciation 308.45 294.85 306.75 346.63 344.87
Exceptional Items -4.22 38.02 -133.21 0 -93.91
Profit Before Tax 1025.98 842.49 1130.67 1623.08 592.59
Tax 328.36 257.42 423.38 551.8 119.08
Net Profit 697.62 585.08 707.3 1071.28 473.52
Adjusted EPS (Rs.) 14.98 12.57 15.19 23.01 10.17

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 46.57 46.57 93.13 93.13 93.13
Total Reserves 3534.95 4185.36 4521.15 5305.09 5261.94
Borrowings 1393.28 790.35 909.8 1418.16 1562.56
Other N/C liabilities 319.72 360.01 289.29 295.41 228.51
Current liabilities 1884.65 2294.74 2552.58 2827.27 2571.31
Total Liabilities 7179.16 7677.03 8365.95 9939.06 9717.44
Assets
Net Block 2276.93 2373.32 2527.62 2633.88 2807.77
Capital WIP 321.94 374.26 302.4 712.62 894.53
Investments 698.04 948.98 1676.81 1651.89 1290.39
Loans & Advances 355.14 290.02 281.3 319.05 354.7
Other N/C Assets 98.3 186.33 126.35 214.29 107.18
Current Assets 3428.81 3504.12 3451.47 4407.34 4262.87
Total Assets 7179.16 7677.03 8365.95 9939.06 9717.44
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 1025.98 842.49 1130.67 1623.08 592.59
Adjustment 358.9 294.03 510.99 319.07 574.65
Working Capital Changes 222.28 19.73 -318.7 -617.2 428.67
Tax Paid -300.79 -263.88 -381.67 -528.37 -219.25
Operating Cash Flow 1306.36 892.38 941.3 796.58 1376.66
Investing Cash Flow -651.28 -579.33 -696.84 -1001.83 -729.34
Financing Cash Flow -676.71 -371.93 -366.57 298.73 -619.74
Net Cash Flow -21.63 -58.88 -122.12 93.49 27.58

Corporate Actions

Ratings & Research Reports

Company Presentations

Company News

Bharat Forge Stock Price Analysis and Quick Research Report. Is Bharat Forge an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Bharat Forge has a PE ratio of 399.469459937423 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Bharat Forge has ROA of 4.81790756238394 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Bharat Forge has a Current ratio of 1.65786013438281 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Bharat Forge has a ROE of 8.80692433350016 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Bharat Forge has a D/E ratio of 0.6045 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Bharat Forge has an Inventory turnover ratio of 6.01295505913307 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Bharat Forge has reported revenue growth of -30.0016717817052 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Bharat Forge for the current financial year is 22.2511352172842 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Bharat Forge is Rs 3.5 and the yield is 0.6024 %.

Brief about Bharat Forge

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