📆 EduInvesting.in | May 12, 2025
From auto parts to artillery, Bharat Forge makes everything… except excuses.
You know it’s serious when a company that used to supply crankshafts now wants a slice of EVs, semiconductors, and defense deals.
But with the stock already up 25% from its recent lows, the real question is:
“Can Bharat Forge give multibagger returns or will it become another heavy-metal disappointment?”
Let’s hammer through the data.
🔧 The Basics — Bharat Forge 101
| Metric | Value |
|---|---|
| CMP | ₹1,200 |
| 52-Week Low | ₹950 |
| Gain from Lows | 🔥 +26.3% |
| Market Cap | ₹59,000 Cr |
| P/E Ratio | 25.0 |
| ROE | 15.0% |
| Dividend Yield | 1.2% |
| Debt | Moderate (D/E ~0.5) |
📌 Summary: Mid-cap with blue-chip vibes, trying to become the Tesla of Forging.
⚙️ What Does Bharat Forge Actually Do?
“Everything your mechanic dreams about, but your missiles might also need.”
- 🛻 Auto Components: Think axles, crankshafts, chassis. If it moves, they’ve forged it.
- 💣 Defense Manufacturing: Cannons, artillery shells, and possibly Iron Man’s elbows.
- ⚡ EV &
- Clean Tech: Investing in future-tech like lightweight components for electric vehicles and hydrogen fuel cell parts.
- ✈️ Aerospace: It’s not a rocket company — but it’s kinda rocket-adjacent.
📈 FY24 Performance — Not Bad for a Heavy Metal Band
| Indicator | FY24 | FY23 | Growth |
|---|---|---|---|
| Revenue | ₹13,200 Cr | ₹11,000 Cr | 🆙 +20% |
| Net Profit | ₹1,300 Cr | ₹980 Cr | 🆙 +33% |
| EBITDA Margin | 20% | 18% | 🧈 Margin Expansion |
| Exports | 45% of revenue | 40% | 🌍 Global Hustle |
💡 They’re exporting more than Bollywood now. Bharat Forge earns almost half its revenue overseas.
🚀 Why the Stock Is Rising Like a Newly Forged Blade
🛡️ 1. Defense Is the New FMCG
- Govt contracts? Check.
- Missiles, artillery, and combat vehicle parts? Double check.
- Investors: “I don’t
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