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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Bharat Forge Limited is an India-based global provider of safety and critical components and solutions to various sectors, including automotive, power, oil and gas, construction and mining, rail, marine, defense and aerospace. Its segments include Forgings, Defence and…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, fast-growing business, fairly priced.
Bharat Forge is scored on the general / industrial framework. It keeps a slim 6.4% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.36× reported profit. Free cash flow is worth about 0.5% of its market value.
Over the last 3 years revenue compounded at 9%/yr and profit at 29%/yr. Book value has grown 12%/yr. Return on equity is a modest 8.7%. In the latest quarter profit fell 139% versus the prior quarter.
At 77× earnings, the stock sits at the 54th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~34%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 122.01 | 36.04 | worse |
| P/B | 7.37 | 4.09 | worse |
| EV/EBITDA | 34.25 | 8.55 | worse |
| ROE | 8.72 | 7.45 | better |
| ROCE | 10.67 | 12.76 | worse |
| ROA | 2.75 | 3.36 | worse |
| Quick Ratio | 0.75 | 1.24 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| PTC Industries | 307.8 | 11.7 | 6.7% |
| AIA Engineering | 23.5 | 3.5 | 14.7% |
| Happyforge | 45.2 | 7.0 | 15.4% |
9% CAGR — growing but slowly. Growth is accelerating — latest year outpaced the prior year's rate.
Profit is growing faster than revenue (29% vs 9%) — margin expansion is at work.
Operating margin has expanded from 6% to 10% — the business is keeping more of each rupee earned.
ROE at 11% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
Profit grew faster than EPS (29% vs 26%) — share dilution is eroding per-share value. 26% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.4× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Run-rate stepping up — recent quarters average 10% above earlier ones.
1 of 4 quarters loss-making — quarterly profitability is uneven. Profit fell 139% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly margins are compressing (7% → -2%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 43.1% — dispersed ownership; institutional flows drive the stock. FIIs have accumulated for 3 straight quarters — sustained foreign institutional conviction.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.