1. Is Bharat Forge Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Bharat Forge Ltd is a average quality company.
2. Is Bharat Forge Ltd undervalued or overvalued?
The key valuation ratios of Bharat Forge Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is Bharat Forge Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Bharat Forge Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||7.7%||10.8%||15.4%||12.4%||9.8%||11%||12%||5.3%||1.2%||9.1%||-|
|Value Creation Index ⓘ||-0.4||-0.2||0.4||-0.1||-0.1||-0.0||0.1||-0.5||-0.9||-0.2||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||30%||13.6%||-10.8%||-6.1%||30.7%||21.4%||-20.6%||-21.4%||65.1%||-|
|Adj EPS ⓘ||6||9.6||16.5||15.2||13.2||16.4||20.5||8.2||1||19.8||23.5|
|YoY Gr. Rt. %||-||58.8%||72.4%||-8%||-13%||23.7%||25.3%||-60.1%||-87.6%||1843.1%||-|
|BVPS (₹) ⓘ||48.5||57.6||74||73.3||88.4||99.9||115.5||112.1||116.3||141.1||144.6|
|Adj Net Profit ⓘ||281||447||769||708||616||763||956||381||47.6||923||1,093|
|Cash Flow from Ops. ⓘ||735||716||1,035||1,356||1,052||967||911||1,522||1,020||506||-|
|Debt/CF from Ops. ⓘ||3.8||3.6||2.5||2.5||3||3.4||4.4||2.9||4.9||11.2||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||14.1%||8.4%||-1.2%||1843.1%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||12.7||18.1||25.1||20.7||16.4||17.4||19.1||7.2||0.9||15.4||16.4|
|Op. Profit Mgn % ⓘ||15.5||15.6||19.3||21.3||19.9||21.2||20||14.1||13.6||18.9||17.8|
|Net Profit Mgn % ⓘ||5.4||6.6||10||10||9.5||9||9.5||5.3||1.2||9.1||9.8|
|Debt to Equity ⓘ||1.2||1||0.7||1||0.8||0.7||0.8||0.8||0.9||0.9||-|
|Working Cap Days ⓘ||211||167||158||182||194||172||170||210||245||186||0|
|Cash Conv. Cycle ⓘ||61||52||34||49||74||64||72||100||113||84||0|
Return on Equity has increased versus last 3 years average to 16.40%
Debt to equity has declined versus last 3 years average to 0.86
Sales growth is good in last 4 quarters at 54.79%
Sales growth has been subdued in last 3 years 1.03%
Net Profit has been subdued in last 3 years -1.17%
|TTM EPS (₹)||24.8||23.5|
|TTM Sales (₹ Cr.)||6,642||11,205|
|BVPS (₹.) ⓘ||157.9||144.6|
|Reserves (₹ Cr.) ⓘ||7,260||6,639|
|From the Market|
|52 Week Low / High (₹)||595.85 / 848.00|
|All Time Low / High (₹)||4.46 / 848.00|
|Market Cap (₹ Cr.)||34,789|
|Equity (₹ Cr.)||93.1|
|Face Value (₹)||2|
|Industry PE ⓘ||26.2|
Bharat Forge is a preferred Technology & Engineering driven development partner and global leader in metal forming. It serves several sectors including Automotive, Railways, Aerospace, Marine, Oil & Gas, Power, Construction and Mining. Being the world's largest forging company and amongst one of the best aerospace forging companies and automotive forging company, it has transcontinental presence across different manufacturing locations spread across India, Germany, Sweden, France and North America. It is also a leading supplier of various components for the aviation sector making it a renowned name amongst aerospace forging companies in India and around the world.
Part of the Kalyani Group, the company has the largest repository of metallurgical know-how, design & engineering expertise, and manufacturing prowess in the region, which has established it as one the leading forging manufacturers in India. It is backed by many years of experience in manufacturing a wide range of high performance, critical and safety components. It offers full service supply capability to its geographically dispersed marquee customers from concept to product design, engineering, manufacturing, testing & validation. Developing the company’s own technology, constantly improving its technical processes, adopting the latest manufacturing processes and continuously training its workforce to create a talent factory has been the cornerstone of the company’s success and has contributed towards making it a leading automotive forging company in India.
Business area of the company
The company manufactures an extensive array of critical and safety components for several sectors including Automobiles (across Commercial & Passenger Vehicle), Oil & Gas, Aerospace, Locomotives, Marine, Energy (across renewable and non-renewable sources), Construction, Mining and General Engineering.
Products of the company
Automotive Products: Crankshaft, Connecting Rod, Dosing Components, Common rail, Front Axle Beams, Steering Knuckles, Control Arm, Knuckle, Fork, Reinforcement Bracket, Main & Counter Shafts, Input Shaft & Output Shafts.
Power Products: Proof Machined Rotor, Fully Machined Rotor, Generator, Welded Rotor, Fully Machined, Proof Machined, Thrust Block, Trunion, Labryinth Seal, Bush, Pole End Plate, Wicket Gate, Pelton Bucket, Pelton Disc.
Oil & Gas Products: Spool Body, Mandrel, Connectors, Ring, Casing spool, Gate valve body, Shell, Y block, Quintplex fluid end, Single cyl fluid end, Double bop.
Rail Products: Crankshafts, Connecting Rod, Carrier Plston, Piston Crown, Top Deck End & Center, Retainer Cyl Head, Turbine Wheel Impeller Balance Assembly, Machined Compressor Impeller, Turbine Disc Bucket Assembly, Motor Support, Primary Support, Machined Locomotive Axle, Forged Portal Axle, Forged Gear Blank, Power Electronics.
Marine Products: Propeller, Marine Motor, Stern Tube, Crankshaft, Conrod, Piston Rod, Stock, Trunk, Pintle.
Aerospace Products: Blisk blade, OGV blade, Fan blade, Shaft, LPC Disc, HP Disc, Aft, Flap Track, Trailing Arm, Upper Torque Link.
Construction & Mining Products: Tracklink for Construction, Front Spindle For Construction, Machined Crankshaft, Injector Body.
Awards and Recognitions: