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Bharat Forge Ltd
NSE:BHARATFORG

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Bharat Forge Ltd
NSE:BHARATFORG
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Price: 1 862.4 INR -3.2% Market Closed
Market Cap: ₹890.4B

Gross Margin

55.6%
Current
Improving
by 3.7%
vs 3-y average of 51.9%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
55.6%
=
Gross Profit
₹89.7B
/
Revenue
₹161.4B

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
55.6%
=
Gross Profit
₹89.7B
/
Revenue
₹161.4B

Peer Comparison

Country Company Market Cap Gross
Margin
IN
Bharat Forge Ltd
NSE:BHARATFORG
874.4B INR
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JP
Sumitomo Electric Industries Ltd
TSE:5802
7.1T JPY
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JP
Denso Corp
TSE:6902
5.4T JPY
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KR
Hyundai Mobis Co Ltd
KRX:012330
36.2T KRW
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CN
Fuyao Glass Industry Group Co Ltd
SSE:600660
150B CNY
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CA
Magna International Inc
TSX:MG
22.4B CAD
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CN
Ningbo Tuopu Group Co Ltd
SSE:601689
109.1B CNY
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IE
Aptiv PLC
NYSE:APTV
15B USD
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DE
Continental AG
XETRA:CON
12.1B EUR
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IN
Samvardhana Motherson International Ltd
NSE:MOTHERSON
1.2T INR
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JP
Aisin Corp
TSE:7259
1.7T JPY
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Market Distribution

Higher than 72% of companies in India
Percentile
72nd
Based on 4 996 companies
72nd percentile
55.6%
Low
-3 052.3% — 26.9%
Typical Range
26.9% — 53.3%
High
53.3% — 8 269.1%
Distribution Statistics
India
Min -3 052.3%
30th Percentile 26.9%
Median 39%
70th Percentile 53.3%
Max 8 269.1%

Bharat Forge Ltd
Glance View

Bharat Forge Ltd., hailing from the industrious city of Pune, India, has carved a robust niche in the world of manufacturing, particularly in forging technologies. Established in 1961, the company sprang from humble origins yet quickly gained a reputation for engineering excellence and innovation. As a flagship of the Kalyani Group, Bharat Forge is more than just metal and machinery – it epitomizes the prowess of Indian industry on the global stage. Primarily, it serves a diverse clientele across sectors like automotive, aerospace, oil and gas, power, construction, and mining. The essence of Bharat Forge lies in its sophisticated processes like precision forging, advanced machining, and lightweighting technologies that enable it to deliver high-performance components. These capabilities are pivotal for crafting engine and chassis parts used worldwide in passenger vehicles, commercial trucks, and even in high-end defense equipment. The company's business model revolves around a keen focus on innovation, operational efficiency, and a strategic expansion into value-added services. Its vast network of 10 manufacturing centers across five countries facilitates immense production scalability and agility. Over the years, Bharat Forge has not just relied on its engineering acumen but has underscored its operations with powerful R&D initiatives and close collaborations with global OEMs. By specializing in critical parts that require stringent technical specifications, the company not only ensures steady demand but also commands lucrative pricing. Their approach to diversifying end-user industries mitigates risks and opens multiple revenue streams, which are vital in navigating the cyclical nature of some of its largest markets like automotive. All in all, Bharat Forge epitomizes a blend of traditional metallurgical skills with cutting-edge innovation, ensuring its stature as a global leader in forging technologies.

BHARATFORG Intrinsic Value
753.4 INR
Overvaluation 60%
Intrinsic Value
Price
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
55.6%
=
Gross Profit
₹89.7B
/
Revenue
₹161.4B
What is Bharat Forge Ltd's current Gross Margin?

The current Gross Margin for Bharat Forge Ltd is 55.6%, which is above its 3-year median of 51.9%.

How has Gross Margin changed over time?

Over the last 3 years, Bharat Forge Ltd’s Gross Margin has increased from 54.8% to 55.6%. During this period, it reached a low of 42.3% on Mar 31, 2023 and a high of 56.8% on Jun 30, 2025.

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