	C 2012 Mar 31	R 2013 Mar 31	R 2014 Mar 31	R 2015 Mar 31	R 2016 Mar 31	2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31

Period length: Source:	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M PRESS
Total Revenue	6,279	5,167	6,716	7,622	6,809	6,396	8,358	10,146	8,056	6,336	10,461	12,910	15,682	15,123	16,812
Cost of Operating Revenue	4,009	3,255	4,370	4,594	3,835	3,655	4,704	5,885	5,048	4,028	6,090	8,189	9,725	8,983	8,561
Gross Profit	2,270	1,912	2,346	3,029	2,974	2,741	3,653	4,260	3,008	2,308	4,372	4,721	5,957	6,140	8,251
Gross Margin	36.2	37.0	34.9	39.7	43.7	42.9	43.7	42.0	37.3	36.4	41.8	36.6	38.0	40.6	49.1
Total Operating Expenses	5,583	4,685	6,043	6,506	5,810	5,574	7,040	8,624	7,450	6,076	9,202	11,865	13,977	13,282	14,856
Operating Profit	696	482	673	1,116	999	822	1,318	1,521	605	260	1,259	1,045	1,705	1,841	1,956
Operating Margin	11.1	9.3	10.0	14.6	14.7	12.8	15.8	15.0	7.5	4.1	12.0	8.1	10.9	12.2	11.6
Financing Income/(Expense) - Net	-136	-112	-87	-98	-91	-62	-102	-108	-140	-23	-12	-134	-342	-225	-323
Profit before Taxes	600	453	732	1,122	966	947	1,196	1,610	505	5	1,414	827	1,434	1,460	1,677
Income Taxes	180	153	210	359	316	249	442	566	112	102	303	319	529	543	578
Profit after Tax	413	248	499	763	678	705	762	1,032	350	-126	1,082	528	951	941	1,080
PAT Margin	6.6	4.8	7.4	10.0	10.0	11.0	9.1	10.2	4.3	-2.0	10.3	4.1	6.1	6.2	6.4
EPS - Basic - ex Extraordinary Items	8.87	6.54	11.28	16.46	14.01	14.85	16.38	22.17	7.51	-2.71	23.23	11.35	20.43	20.05	22.58
EPS - Diluted - ex Extraordinary Items	8.86	6.54	11.28	16.46	14.01	14.85	16.38	22.17	7.51	-2.71	23.23	11.35	20.43	20.05	22.58
EBIT	696	482	673	1,116	999	822	1,318	1,521	605	260	1,259	1,045	1,705	1,841	1,956
EBITDA	998	825	1,052	1,478	1,452	1,274	1,779	2,035	1,149	864	1,981	1,781	2,553	2,715	2,927
EBITDA Margin	15.9	16.0	15.7	19.4	21.3	19.9	21.3	20.1	14.3	13.6	18.9	13.8	16.3	18.0	17.4

Balance Sheet

Abridged

Understanding Balance Sheet

Bharat Forge Ltd. balance sheet covering assets, liabilities, equity and borrowings across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	C 2012 Mar 31	R 2013 Mar 31	C 2014 Mar 31	R 2015 Mar 31	R 2016 Mar 31	R 2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31

Source:	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	AR	PRESS
Total Current Assets	3,701	3,763	4,126	4,608	4,254	4,220	4,581	5,539	5,271	6,214	7,931	9,002	10,016	10,232	11,203
Long-Term Investments	20	28	29	44	78	372	1,101	878	430	405	616	1,471	776	753	835
Property Plant & Equipment - Net	3,098	3,467	3,093	2,973	3,470	3,621	3,783	4,392	5,082	5,600	5,875	6,480	6,919	8,020	8,987
Total Non-Current Assets	3,633	3,832	3,408	3,551	4,038	4,663	5,436	6,103	6,292	6,963	7,678	9,382	9,334	9,856	11,057
Total Assets	7,334	7,595	7,535	8,159	8,292	8,883	10,016	11,642	11,563	13,178	15,609	18,384	19,349	20,088	22,260
Total Current Liabilities	2,835	3,067	3,015	2,759	2,869	3,206	3,754	4,109	3,967	4,518	6,114	8,277	9,280	8,703	9,581
Long Term Debt	1,921	1,827	1,521	1,660	1,638	1,059	1,126	1,679	1,969	2,442	2,071	2,167	2,238	1,682	2,182
Total Non-Current Liabilities	2,119	2,107	1,819	2,153	2,014	1,497	1,528	2,083	2,288	3,148	2,814	3,351	2,862	2,127	3,122
Total Liabilities	4,955	5,174	4,834	4,912	4,883	4,703	5,282	6,192	6,255	7,665	8,928	11,628	12,142	10,830	12,703
Total Shareholders' Equity	2,184	2,256	2,683	3,250	3,413	4,170	4,705	5,420	5,275	5,481	6,625	6,720	7,212	9,291	9,580
Minority Interest	196	164	17	-3	-4	10	29	30	32	32	56	36	-5	-33	-23
Total Equity	2,380	2,421	2,700	3,247	3,409	4,180	4,734	5,450	5,307	5,513	6,681	6,756	7,208	9,258	9,557
Total Liabilities & Equity	7,334	7,595	7,535	8,159	8,292	8,883	10,016	11,642	11,563	13,178	15,609	18,384	19,349	20,088	22,260

Cash Flow

Abridged

Understanding Cash Flow Statement

Bharat Forge Ltd. cash flow statement covering operating, investing and financing activities across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	R 2012 Mar 31	R 2013 Mar 31	C 2014 Mar 31	C 2015 Mar 31	R 2016 Mar 31	2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31

Period length: Source:	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M AR	12M PRESS
Operating CF bef Changes in Working Cap	756	571	768	1,066	1,099	1,021	1,320	1,497	943	588	1,611	1,109	1,661	1,723	2,044
Working Capital - Increase/(Decrease)	-231	34	-159	-119	198	-21	-398	-675	461	384	-1,227	-36	-424	-346	-904
Net CF from Operating Activities	525	605	609	947	1,297	1,000	922	823	1,404	972	384	1,073	1,237	1,378	1,140
Capital Expenditures - Net	1,224	726	761	1,038	890	644	568	1,132	957	891	965	970	1,554	1,444	1,113
Net CF from Investing Activities	-1,072	-269	-250	-525	-988	-738	-856	-1,190	-1,152	-1,539	-713	-1,689	-729	-2,019	-1,062
Dividends Paid - Cash - Total	134	97	122	152	268	70	210	233	279	-	164	325	380	422	380
Stock - Issuance/(Retirement) - Net	-	-	-	-	-	-	-	-	-	-	-	-	-	1,650	300
Debt - LT & ST - Issuance/(Retirement) - Total	773	-45	337	-62	-6	-212	-4	752	87	659	652	844	667	-1,294	13
Net Cash Flow from Financing Activities	645	-142	-470	-214	-328	-296	-227	471	-243	654	455	519	287	-97	-67
Free Cash Flow to Equity	74	-166	184	-153	401	144	350	443	534	740	71	947	350	-1,361	40
Free Operating CF net dividend	-1,017	-220	-365	-249	132	275	127	-587	163	57	-848	-248	-721	-495	-380
Free Operating CF	-883	-124	-243	-97	400	345	337	-354	442	57	-684	77	-341	-73	0

Business Segment Analysis

FY End:

Mar 25

Bharat Forge Ltd. business segment breakdown covering revenue, operating income and assets across key divisions for the selected financial year.

Capex

Forging (87.1%)₹ 1,489.56 CrDefence (9.4%)₹ 161.06 CrOthers (3.5%)₹ 60.12 Cr

Revenue / Sales

Forging (82.6%)₹ 12,961.23 CrDefence (11.3%)₹ 1,771.99 CrOthers (6.1%)₹ 952.00 Cr

Assets

Forging (64.7%)₹ 13,227.22 CrUnallocable (20.7%)₹ 4,220.95 CrDefence (8.4%)₹ 1,721.84 CrOthers (6.2%)₹ 1,258.84 Cr

Regional Segment Analysis

FY End:

Mar 25

Bharat Forge Ltd. geographic revenue split showing domestic and international market performance across revenue and income for the selected financial year.

Revenue / Sales

Europe (33.6%)₹ 5,075.96 CrUSA (24.4%)₹ 3,684.19 CrWithin India (23.9%)₹ 3,609.18 CrOthers (18.2%)₹ 2,753.47 Cr

Historical Segment Analysis

Track how Bharat Forge Ltd. segment contributions have evolved over multiple financial years to see which divisions are growing, shrinking or gaining strategic importance.

Capex

Sales

Assets

Operating Income

Business

Regional

Business

	2012 Mar 31	2013 Mar 31	2014 Mar 31	2015 Mar 31	2016 Mar 31	2017 Mar 31	2018 Mar 31	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31

Forging	591	674	387	443	705	610	551	1,138	1,041	907	1,054	1,285	1,207	1,490
Defence	-	-	-	-	-	-	-	-	-	-	-	-	144	161
Others	-	3	0	0	4	0	14	118	259	11	185	569	314	60
General Engg., Trading etc.	6	-	-	-	-	-	-	-	-	-	-	-	-	-
Unallocable	151	86	23	8	0	-	-	-	-	-	-	-	-	-
Discontinued Operations	-	10	-	-	199	-	-	-	-	-	-	-	-	-
Projects	-	0	33	45	427	-	-	-	-	-	-	-	-	-
Unutilised fund	-	-	-	-	-433	-	-	-	-	-	-	-	-	-
Adjustments and eliminations	-	-	-	-	-	-77	0	-5	-60	-7	-17	16	0	-

Frequently Asked Questions

What is the revenue of Bharat Forge Ltd.?

The latest trailing twelve month revenue of Bharat Forge Ltd. is ₹ 16,811.70 Cr, reflecting a 1-year growth of 11.17% and a 3-year CAGR of 9.20%. Annual and quarterly revenue trends are available in the Income Statement section.

What is the net profit of Bharat Forge Ltd.?

The latest trailing twelve month net profit (PAT) of Bharat Forge Ltd. is ₹ 1,079.66 Cr, with a 3-year earnings CAGR of 25.78%. Detailed profit history across annual and quarterly periods is in the Income Statement section.

What is the EBITDA of Bharat Forge Ltd.?

The trailing twelve month EBITDA of Bharat Forge Ltd. is approximately ₹ 1,955.76 Cr (based on an operating margin of 11.63%). EBITDA reflects core operating profitability before interest, taxes, depreciation and amortisation.

What is the EPS of Bharat Forge Ltd.?

The trailing twelve month Earnings Per Share (EPS) of Bharat Forge Ltd. is 22.58. EPS trends across annual and quarterly periods are visible in the Income Statement section.

What is the debt level of Bharat Forge Ltd.?

The debt-to-equity ratio of Bharat Forge Ltd. stands at 0.76. The interest coverage ratio is 6.05x, reflecting the company's ability to service debt from operating earnings. The full breakdown of total borrowings is in the Balance Sheet section.

What is the book value per share of Bharat Forge Ltd.?

The estimated book value per share of Bharat Forge Ltd. is 199.24 (derived from a P/B ratio of 10.72 and market price of ₹ 2,136.70), reflecting the net asset value attributable to each share. See the Balance Sheet section for a full breakdown.

What is the cash flow from operations of Bharat Forge Ltd.?

The trailing twelve month operating cash flow of Bharat Forge Ltd. is ₹ 1,140.25 Cr. Annual and quarterly cash flow data is available in the Cash Flow section of the Statements tab.

Does Bharat Forge Ltd. report consolidated or standalone financials?

Bharat Forge Ltd. reports consolidated financials. You can toggle between consolidated and standalone views using the switch at the top of each statement section.