BHARATFORG
Bharat Forge Limited
NSELast Traded Price
₹1957.2
15.4 (0.79%)
Open
₹1956.4
High
₹1967.8
Low
₹1920
Prev Close
₹1938.6
Industry
Auto Components & Equipments
Market Cap
93418.52 Cr
Filing History
Recent corporate announcements and filings for BHARATFORG
Business Update
Neutral
2026-05-26 16:40
Bharat Forge Limited announced the schedule of upcoming meetings with analysts and institutional investors. The company will participate in the Morgan Stanley India Investment Forum on June 3, 2026, a non-deal roadshow organised by Motilal Oswal on June 5, 2026, and the ICICI Investor Conference on June 8, 2026. The company stated that no Unpublished Price Sensitive Information will be discussed during these interactions.
Business Update
Neutral
2026-05-26 16:40
Bharat Forge Limited announced a schedule of physical meetings with analysts/institutional investors. These include the Morgan Stanley India Investment Forum in Mumbai on June 3, 2026, a non-deal roadshow organised by Motilal Oswal in Chennai on June 5, 2026, and the ICICI Investor Conference in Mumbai on June 8, 2026. The company stated that no unpublished price sensitive information would be discussed.
Business Update
Neutral
2026-05-26 16:40
Bharat Forge Limited has scheduled meetings with analysts and institutional investors. These include a Morgan Stanley India Investment Forum on June 3, 2026, a non-deal roadshow organised by Motilal Oswal on June 5, 2026, and an ICICI Investor Conference on June 8, 2026. The company stated it does not intend to discuss any Unpublished Price Sensitive Information during these interactions.
Business Update
Positive
2026-05-19 12:04
Bharat Forge Limited, through its Aerospace division, signed an MoU with the Andhra Pradesh Government to establish India's first private-sector Marine Gas Turbine Repair, Overhaul, and Indigenous Development complex at Visakhapatnam. This ~80-acre facility will bring critical propulsion sustainment capabilities to India, create approximately 750 direct and indirect employment opportunities, and significantly contribute to the nation's defense self-reliance.
Business Update
Positive
2026-05-15 15:23
Bharat Forge Limited's wholly-owned subsidiary, Agneyastra Energetics Limited, broke ground on a new strategic defence manufacturing facility in Sri Sathya Sai District, Andhra Pradesh. The 1,000-acre integrated campus will involve a planned investment of ₹1,500 crore over the next 2-4 years, aiming to enhance India's indigenous capabilities in advanced energetics and ammunition systems, and generate significant employment.
Governance
Neutral
2026-05-14 12:09
Bharat Forge Limited announced the re-appointment of Mr. B. P. Kalyani (DIN: 00267202) and Mr. S. E. Tandale (DIN: 00266833) as Whole-Time Directors, designated as Executive Directors. The re-appointments were approved by members via Postal Ballot, with results declared on April 24, 2026. Mr. Kalyani's re-appointment is for five consecutive years, effective from May 23, 2026, with a monthly fixed salary ranging from Rs. 29,79,791 to Rs. 47,98,984, along with other benefits and variable pay linked to performance.
Governance
Negative
2026-05-13 17:12
CRITICAL RED FLAG DETECTED
Bharat Forge received an Income Tax Appellate Order on May 12, 2026, reducing a penalty for under-reporting income in FY 2016-17 to Rs. 85,29,661. The company plans to appeal this order before ITAT, Pune, and states there will be no material impact on its financials or operations.
Business Update
Positive
2026-05-11 17:46
Bharat Forge Limited guided for approximately 25% growth in its India business for FY27, driven by strong performance in aerospace, defense, and automotive segments. The aerospace business, with FY26 revenue of INR 400 crores, is targeted to exceed INR 1,000 crores in the next three years with above-average margins. The defense segment has an order book of INR 11,000 crores for the next 3-4 years, with key production milestones for ATAGS and CQB carbine expected to commence in H2 FY27. The company plans INR 800-850 crores in capex over 15-18 months. Strategic decisions include restructuring the German steel business to reduce losses and writing off e-mobility investments. The outlook for both US and Indian Commercial Vehicle (CV) markets remains strong. The company also acquired a 30% stake in Fortuna Engineering (INR 380 crores revenue, mid-teens margins) for INR 130 crores, anticipating significant growth. Consolidated net debt-to-equity stood at 0.41x as of March 2026.
Business Update
Positive
2026-05-11 17:35
Bharat Forge Ltd. secured a long-term contract with Embraer for the manufacturing and supply of critical landing gear forgings for Embraer's commercial and defence aircraft programs. This marks Bharat Forge as the first Indian supplier to enter Embraer's global Aerospace supply chain for forged components.
Business Update
Positive
2026-05-08 17:33
Bharat Forge Limited has completed the acquisition of 27,08,754 equity shares, representing a 30% fully diluted stake, in Fortuna Engineering Private Limited (FEPL) at Rs. 10/- each plus a premium of Rs. 478.45/- each. This makes FEPL an Associate Company of Bharat Forge Limited.
Business Update
Neutral
2026-05-07 18:21
Bharat Forge Limited announced the upload of the audio recording of its Analyst / Investor Conference Call, held on May 07, 2026, following the announcement of the audited financial results for the quarter and financial year ended March 31, 2026. The recording is available on the company's website.
Financials
Negative
2026-05-07 13:18
Consolidated Revenue for Q4 FY26 was ₹4,528.04 Cr compared to ₹3,852.60 Cr in Q4 FY25 (▲17.5% YoY). EBITDA stood at ₹678.66 Cr vs ₹673.76 Cr (▲0.7% YoY). Net Profit (PAT) was ₹233.45 Cr vs ₹282.62 Cr (▼17.4% YoY). EBITDA Margin was 15.0% vs 17.5% (▼250bps). The Board also recommended a final dividend of Rs. 6.50 per equity share for FY26.
Financials
Negative
2026-05-07 12:58
CRITICAL RED FLAG DETECTED
Consolidated Revenue ₹4,528.04Cr vs ₹3,852.60Cr (▲17.53% YoY), EBITDA ₹678.66Cr vs ₹673.76Cr (▲0.73% YoY), PAT ₹233.45Cr vs ₹282.62Cr (▼17.33% YoY). EBITDA Margin 14.99% vs 17.49% (▼250bps). The Board also recommended a final dividend of Rs. 6.50/- per equity share for FY ended March 31, 2026.
Business Update
Neutral
2026-05-04 11:40
Bharat Forge Limited announced an Analyst / Investor Conference Call on May 7, 2026, from 3:30 P.M. to 4:30 P.M. (IST). The call is organized to discuss the financial results for the quarter and full financial year ended March 31, 2026. Senior management, including Mr. Amit Kalyani (Vice Chairman & JMD), Mr. Subodh Tandale (Executive Director), Mr. Kedar Dixit (Sr. VP & CFO), and Mr. Virendra Kale (VP - Finance) will participate.
Routine
Neutral
2026-04-30 17:12
New Filing detected. See link for details.
Routine
Neutral
2026-04-30 17:07
New Filing detected. See link for details.
Business Update
Positive
2026-04-27 09:21
Bharat Forge, in collaboration with VRDE (DRDO) and TASL, flag-offed Vikram VT 21, co-created Advanced Armoured Platforms. These battle-ready platforms, developed in under three years, have cleared technical evaluation and are ready for the Indian Armed Forces and global export market.
Governance
Positive
2026-04-24 17:00
Bharat Forge announced the successful re-appointment of Mr. B. P. Kalyani and Mr. S. E. Tandale as Whole-Time Directors through postal ballot (e-voting held March 24 - April 22, 2026). Both ordinary resolutions were approved by members with over 99% votes in favour.
Routine
Neutral
2026-04-17 19:12
New Filing detected. See link for details.
Governance
Negative
2026-04-09 13:06
The Board met on April 9, 2026, to approve the phased restructuring, potentially including an orderly wind-down and solvent liquidation, of its German subsidiary BF CDP GmbH due to market challenges and cost disadvantages. EUR 30 million financing was approved.
Routine
Neutral
2026-04-08 17:14
Bharat Forge Limited submitted a Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, confirming that dematerialization requests received during the quarter ended March 31, 2026, have been given effect within the stipulated time limit.
Routine
Neutral
2026-03-26 16:23
Bharat Forge Limited announced the closure of the trading window for Designated Persons from April 1, 2026, until 48 hours after the declaration of audited financial results for the quarter and year ended March 31, 2026.
Governance
Neutral
2026-03-23 11:39
Bharat Forge announced a Postal Ballot Notice for the re-appointment of Mr. B. P. Kalyani and Mr. S. E. Tandale as Whole-Time Directors for a further five-year term, effective from May 23, 2026, to May 22, 2031. The remote e-voting period is from March 24, 2026, to April 22, 2026, with March 13, 2026, as the cut-off date.
Business Update
Neutral
2026-03-16 18:18
Bharat Forge Limited informed about a scheduled physical 1x1 meeting with Axis Mutual Fund on March 18, 2026, in Pune. The company clarified that no Unpublished Price Sensitive Information will be discussed during the interaction.
Business Update
Positive
2026-03-16 15:44
Bharat Forge announced that its step-down subsidiary JS Auto completed a transaction with PI Opportunities Fund I Scheme II, which acquired a 23% stake for approximately Rs. 300 Cr. This changes JS Auto's status from a wholly owned to a step-down subsidiary.
Business Update
Positive
2026-03-11 20:58
Bharat Forge invested €15 million (₹1600.35 million) into its wholly-owned German subsidiary, Bharat Forge Global Holding GmbH (BFGH), as a capital reserve contribution. BFGH acts as the holding company for its overseas manufacturing subsidiaries.
Business Update
Positive
2026-03-11 09:14
Bharat Forge Ltd. and Liebherr-Aerospace launched an advanced state-of-the-art Landing Gear Components Machining Facility in Pune on March 11, 2026. This collaboration aims to enhance India's aerospace manufacturing capabilities and strengthen the global aerospace supply chain.
Business Update
Positive
2026-03-10 18:15
ICRA reaffirmed Bharat Forge's long-term and short-term credit ratings at [ICRA] AA+ (Stable) and [ICRA] A1+, respectively. The rating for ₹700 Crore non-convertible debentures was withdrawn as the outstanding amount is now zero, indicating debt repayment.
Business Update
Neutral
2026-03-06 17:53
Bharat Forge Limited has scheduled meetings with Millennium Management, Fullerton Fund Management, and ICICI Sec Institutional Investors on March 11 and 12, 2026. No Unpublished Price Sensitive Information will be discussed.
Business Update
Neutral
2026-03-06 17:53
Bharat Forge scheduled Analyst / Institutional Investor Meetings on March 11 & 12, 2026, with Millennium Management, Fullerton Fund Management, and ICICI Sec Institutional Investors. These virtual/physical meetings will not involve discussion of Unpublished Price Sensitive Information.
Business Update
Neutral
2026-03-06 17:53
Bharat Forge Limited announced scheduled meetings with Millennium Management, Fullerton Fund Management, and ICICI Sec Institutional Investors on March 11 and 12, 2026, to engage with analysts and institutional investors. The company confirmed that no Unpublished Price Sensitive Information would be discussed.
Business Update
Positive
2026-03-05 18:41
Kalyani Strategic Systems Limited (KSSL), a subsidiary of Bharat Forge, signed an MoU with Garden Reach Shipbuilders & Engineers Ltd. (GRSE) on March 5, 2026. The partnership aims to boost Atmanirbharta in Naval/Commercial Shipbuilding for Marine Engineering by providing indigenous propulsion solutions.
Business Update
Neutral
2026-03-05 16:17
Bharat Forge clarifies a news item on its North American Class 8 truck market exposure is based on industry trends, not specific undisclosed negotiations or material events. The company confirms no undisclosed information exists that could explain stock price/volume movement, complying with SEBI (LODR) Regulations.
Routine
Neutral
2026-03-05 12:30
New Filing detected. See link for details.
Business Update
Positive
2026-03-04 18:07
Bharat Forge's committee on March 4, 2026, approved availing an unsecured rupee term loan up to Rs. 8,000 Million, within the overall limit of Rs. 20,000 Million previously approved by the Board for fund-raising.
Business Update
Neutral
2026-02-27 13:21
Bharat Forge will meet Hudson Bay Capital Management on March 2, 2026 (virtual) and attend the UBS Investor Conference in Singapore on March 9, 2026 (physical 1x1/group meetings). No UPSI will be discussed.
Business Update
Neutral
2026-02-27 12:59
Bharat Forge Limited announced upcoming investor/analyst meetings. The company will meet Hudson Bay Capital Management virtually on March 02, 2026, and participate in the UBS Investor Conference in Singapore on March 09, 2026. No Unpublished Price Sensitive Information will be discussed.
Business Update
Positive
2026-02-18 15:29
Bharat Forge and VVDN Technologies signed an MoU on February 18, 2026, to explore strategic collaboration in next-generation technologies across Automotive, Defence, and Data Centre domains. This partnership aims to drive innovation and develop advanced solutions.
Business Update
Positive
2026-02-16 21:01
Bharat Forge's subsidiary, JS Auto, completed the Final Tranche II investment by acquiring 61,740 equity shares in Sunsure Solarpark Twenty-Three Private Limited at a premium of Rs. 1,240 per share. This represents 31.56% on a fully diluted basis.
Financials
Positive
2026-02-13 18:26
Bharat Forge reported Q3 FY26 consolidated revenue of INR4,343Cr with 17.3% EBITDA margin. Standalone revenue was up 7% sequentially. The company secured new business of INR2,388Cr and anticipates 30-40% defense growth next year, with an overall positive outlook.
Financials
Positive
2026-02-13 18:17
Bharat Forge Limited declared an Interim Dividend of Rs. 2/- per equity share (100%) for FY 2025-26. The filing details Tax Deduction at Source (TDS) provisions for this dividend, with a deadline of February 18, 2026, for document submission.
Business Update
Neutral
2026-02-13 16:53
Bharat Forge announced a schedule of meetings with analysts and institutional investors from February 16 to February 23, 2026. Meetings include Allspring Global Investments, Tata Investment Corporation, and the Kotak Chasing Growth Conference. The company will not discuss any Unpublished Price Sensitive Information.
Business Update
Neutral
2026-02-13 16:53
Bharat Forge announced a schedule of analyst and institutional investor meetings in February 2026, including sessions with Allspring Global Investments (Feb 16), Tata Investment Corporation (Feb 19), and the Kotak Chasing Growth Investor Conference (Feb 23). No UPSI will be discussed.
Business Update
Neutral
2026-02-13 16:53
Bharat Forge announced a schedule of analyst and institutional investor meetings on February 16, 19, and 23, 2026, with entities like Allspring Global and Tata Investment Corporation. The company stated no Unpublished Price Sensitive Information would be discussed.
Business Update
Neutral
2026-02-12 18:08
Bharat Forge Limited uploaded the audio recording of the Analyst / Investor Conference Call held on February 12, 2026, which discussed the unaudited financial results for the quarter and nine months ended December 31, 2025. The recording is available on the company website.
Financials
Positive
2026-02-12 16:47
CRITICAL RED FLAG DETECTED
Consolidated Revenue ₹4,342.93Cr vs ₹3,475.55Cr (▲24.94% YoY), EBITDA ₹788.42Cr vs ₹661.22Cr (▲19.24% YoY), PAT ₹272.80Cr vs ₹212.78Cr (▲28.29% YoY). EBITDA Margin 18.15% vs 19.03% (▼88bps). The Board also declared an interim dividend of ₹2/- per share, approved re-appointment of two Whole-Time Directors, noted cessation of President and CEO, and approved a merger of a step-down subsidiary.
Financials
Positive
2026-02-12 13:45
CRITICAL RED FLAG DETECTED
Consolidated Revenue ₹4,342.93Cr vs ₹3,475.55Cr (▲25.0% YoY), EBITDA ₹745.94Cr vs ₹622.85Cr (▲19.8% YoY), PAT ₹272.80Cr vs ₹212.78Cr (▲28.2% YoY). EBITDA Margin 17.2% vs 17.9% (▼70bps).
Financials
Negative
2026-02-12 13:42
CRITICAL RED FLAG DETECTED
Consolidated Revenue ₹4,342.93Cr vs ₹3,475.54Cr (▲24.94% YoY), EBITDA ₹792.38Cr vs ₹662.75Cr (▲19.55% YoY), PAT ₹272.80Cr vs ₹212.78Cr (▲28.21% YoY). EBITDA Margin 18.24% vs 19.07% (▼83bps). The board also declared an interim dividend of Rs. 2/- per share.
Financials
Negative
2026-02-12 13:38
CRITICAL RED FLAG DETECTED
Consolidated Revenue ₹4,342.9Cr vs ₹3,475.5Cr (▲25.0% YoY), EBITDA ₹690.2Cr vs ₹622.8Cr (▲10.8% YoY), PAT ₹272.8Cr vs ₹212.8Cr (▲28.3% YoY). EBITDA Margin 15.9% vs 17.9% (▼200bps).
Financials
Positive
2026-02-12 13:34
Standalone Revenue ₹2,083.7Cr vs ₹2,095.9Cr (▼0.6% YoY), EBITDA ₹569.4Cr vs ₹589.4Cr (▼3.4% YoY), PBT ₹443.3Cr vs ₹453.1Cr (▼2.2% YoY). EBITDA Margin 27.3% vs 28.1% (▼80bps).
Routine
Neutral
2026-02-12 13:23
New Filing detected. See link for details.
Routine
Neutral
2026-02-12 13:20
New Filing detected. See link for details.
Routine
Neutral
2026-02-05 23:40
New Filing detected. See link for details.