What is Bharat Forge (BHARATFORG)'s P/E ratio?

Bharat Forge (BHARATFORG) trades at a P/E of 90.9x (price to trailing 12-month earnings).

What is Bharat Forge (BHARATFORG)'s EV/EBITDA?

Bharat Forge (BHARATFORG) trades at 35.6x EV/EBITDA.

What is Bharat Forge (BHARATFORG)'s P/B ratio?

Bharat Forge (BHARATFORG) trades at a P/B of 10.2x.

What is Bharat Forge (BHARATFORG)'s dividend yield?

Bharat Forge (BHARATFORG)'s trailing 12-month dividend yield is 0.4%.

What is Bharat Forge (BHARATFORG)'s return on equity (ROE)?

Bharat Forge (BHARATFORG)'s ROE is -3.8%.

What is Bharat Forge (BHARATFORG)'s market capitalization?

Bharat Forge (BHARATFORG)'s market cap is 981.1 bn INR.

Bharat Forge (BHARATFORG) Stock — Financials, Valuation & Dividends

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B INR, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

Date	Period	Status	RevenueB INR	Operating profitB INR	D&AB INR	EBITDAB INR	Net profitB INR	Operating CFB INR	Capex + M&AB INR	AssetsB INR	EquityB INR	ROE (annualized)	Net debtB INR	Source
2026-06-30	Q2 2026 (3M)	PARTIAL	46.4 y/y 18.7% y/y 18.7%	4.5 y/y -0.1% y/y -0.1%	— y/y — y/y —	4.5 y/y -33.7% y/y -33.7%	-0.9 y/y -131.6% y/y -131.6%	—	—	— y/y —	95.6 y/y 3.6%	-3.8%	≈ 60.3	Link
2026-03-31	FY 2026 (12M)	OK	— y/y 11.7% y/y 11.7%	— y/y 5.0% y/y 5.0%	— y/y 11.1% y/y 11.1%	— y/y 7.0% y/y 7.0%	— y/y 14.7% y/y 14.7%	—	—	222.6 y/y 10.8%	95.8 y/y 3.5%	11.4%	60.3	—
2025-12-31	Q4 2025 (3M)	PARTIAL	43.4 y/y 25.0% y/y 25.0%	5.0 y/y 23.4% y/y 23.4%	2.5 y/y — y/y —	7.5 y/y 84.6% y/y 84.6%	2.6 y/y 24.2% y/y 24.2%	—	—	— y/y —	93.3 y/y 28.8%	3.8%	≈ 54.3	—
2025-09-30	Q3 2025 (3M)	OK	40.3 y/y 9.3% y/y 9.3%	4.8 y/y 11.7% y/y 11.7%	2.4 y/y — y/y —	7.3 y/y 67.2% y/y 67.2%	3.0 y/y 22.8% y/y 22.8%	—	—	207.3 y/y 9.1%	93.6 y/y 29.2%	12.9%	54.3	—
2025-06-30	Q2 2025 (3M)	PARTIAL	39.1 y/y -4.8% y/y -4.8%	4.5 y/y -14.5% y/y -14.5%	2.3 y/y — y/y —	6.7 y/y 28.7% y/y 28.7%	2.8 y/y 39.9% y/y 39.9%	—	—	— y/y —	92.2 y/y 28.7%	12.3%	≈ 56.9	—
2025-03-31	FY 2025 (12M)	OK	— y/y -3.4% y/y -3.4%	— y/y 5.8% y/y 5.8%	— y/y 3.0% y/y 3.0%	— y/y 4.9% y/y 4.9%	— y/y -1.0% y/y -1.0%	—	—	200.9 y/y 3.8%	92.5 y/y 29.1%	11.4%	56.9	—
2024-12-31	Q4 2024 (3M)	PARTIAL	34.8 y/y -10.1% y/y -10.1%	4.1 y/y -9.6% y/y -9.6%	— y/y — y/y —	4.1 y/y -9.6% y/y -9.6%	2.1 y/y -19.6% y/y -19.6%	—	—	— y/y —	72.4 y/y 3.1%	3.9%	≈ 6.5	Link
2024-09-30	Q3 2024 (3M)	OK	36.9 y/y -2.3% y/y -2.3%	4.3 y/y 5.8% y/y 5.8%	— y/y — y/y —	4.3 y/y 5.8% y/y 5.8%	2.4 y/y 7.2% y/y 7.2%	—	—	189.9 y/y 0.1%	72.4 y/y 3.1%	13.5%	6.5	Link
2024-06-30	Q2 2024 (3M)	PARTIAL	41.1 y/y — y/y —	5.2 y/y — y/y —	— y/y — y/y —	5.2 y/y — y/y —	2.0 y/y — y/y —	—	—	— y/y —	71.7 y/y —	11.3%	≈ 62.1	Link
2024-03-31	FY 2024 (12M)	OK	— y/y 22.4% y/y 22.4%	— y/y 64.0% y/y 64.0%	— y/y 15.3% y/y 15.3%	— y/y 44.2% y/y 44.2%	— y/y 80.0% y/y 80.0%	—	—	193.5 y/y 5.2%	71.7 y/y 6.9%	13.4%	62.1	—
2023-12-31	Q4 2023 (3M)	PARTIAL	38.7 y/y — y/y —	4.5 y/y — y/y —	— y/y — y/y —	4.5 y/y — y/y —	2.6 y/y — y/y —	—	—	— y/y —	70.3 y/y —	5.0%	≈ 0.9	Link
2023-09-30	Q3 2023 (3M)	OK	37.7 y/y — y/y —	4.1 y/y — y/y —	— y/y — y/y —	4.1 y/y — y/y —	2.3 y/y — y/y —	—	—	189.8 y/y —	70.3 y/y —	13.2%	0.9	Link
2023-03-31	FY 2023 (12M)	OK	122.9 y/y — y/y —	10.7 y/y — y/y —	7.4 y/y — y/y —	18.1 y/y — y/y —	5.3 y/y — y/y —	12.9	-10.0	183.8 y/y —	67.1 y/y —	—	63.4	—

Revenue & EBITDA

RevenueEBITDA

Quarterly values (INR mln)

Year-over-year change

Cash flow

Net debt / cash (INR mln)

Profit and cash

Profit is cash-backed

In a typical year of 2022–2026 operating cash flow came to 1.75x of reported net profit; after capex, 0.32x.

year	2022	2023	2024	2025	2026
cash flow / profit	0.47x	2.45x	1.75x	1.91x	1.38x
accruals, % of assets	—	-4.2%	-3.7%	-4.3%	-1.8%

net debt / EBITDA 2.0x · capex 1.5x of depreciation

Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: -29.0%

How this was calculated

1. EBITDA growth (latest quarter YoY, annualised) [EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30) = (4 462 − 6 729) × 6.05	-13 720
2. Current EV/EBITDA (LTM) (Market cap + Net debt) ÷ EBITDA (LTM) = (981 134 + 60 267) ÷ 26 999	30.0x — capped at 30x
3. Target multiple (Current EV/EBITDA + 11) ÷ 2 = (30.0 + 11) ÷ 2	20.5x
4. Cash flow (balance method, LTM) Net-debt reduction + dividends + buybacks − equity issuance = -3 327 + 0 + 0 − 0	-3 327
5. Value created per year (EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap = (-13 720 × 20.5 + -3 327) ÷ 981 134	-29.0%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

FCF (LTM) approximated by latest FY (ended 2026-03-31, before the latest reported period 2026-06-30)
dividends/buybacks not in data - balance cash flow uses net-debt change only

Revenue growth & acceleration

Growth accelerating ▲

Last-year revenue growth +12% vs -3% the year before — a +15.1 pp move. 3-year CAGR +10%.

revenue growth by year: 2024 +22% · 2025 -3% · 2026 +12%

The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

Date	Per share	Details	Status	Source
2026-07-03	6.5 INR	Ex-dividend: 6.5 INR per share	Paid	Yahoo Finance (ex-div)
2026-02-18	2 INR	Ex-dividend: 2 INR per share	Paid	Yahoo Finance (ex-div)
2025-07-04	6 INR	Ex-dividend: 6 INR per share	Paid	Yahoo Finance (ex-div)
2025-02-18	2.5 INR	Ex-dividend: 2.5 INR per share	Paid	Yahoo Finance (ex-div)
2024-07-05	6.5 INR	Ex-dividend: 6.5 INR per share	Paid	Yahoo Finance (ex-div)
2024-02-23	2.5 INR	Ex-dividend: 2.5 INR per share	Paid	Yahoo Finance (ex-div)
2023-07-07	5.5 INR	Ex-dividend: 5.5 INR per share	Paid	Yahoo Finance (ex-div)
2022-11-24	1.5 INR	Ex-dividend: 1.5 INR per share	Paid	Yahoo Finance (ex-div)
2022-07-14	5.5 INR	Ex-dividend: 5.5 INR per share	Paid	Yahoo Finance (ex-div)
2021-11-25	1.5 INR	Ex-dividend: 1.5 INR per share	Paid	Yahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Bharat Forge (BHARATFORG) — from primary filings.

Bharat Forge (BHARATFORG) INR

Price chart

Key metrics

Market

Growth

Multiples

Cash return

Value creation

Liquidity