Bharat Forge Ltd Share Price – NSE /  BSE

Castings, Forgings & Fastners, Small Cap

The agency has affirmed the company’s short-term rating at '[ICRA] A1+’.

ICRA stated that the reaffirmation of the ratings continues to consider Bharat Forge Limited’s (BFL’s) leading position in the global automotive forgings industry, especially in the commercial vehicle (CV) chassis and engine components space.

The ratings also consider the company’s large-scale operations, its diversified business portfolio with a strong customer base in the automotive and industrial segments across geographies, and its established relationships with leading global original equipment manufacturers (OEMs)for components supplied and its technical capabilities.

ICRA also notes that as part of its strategy to attain segmental diversification, BFL has been incrementally investing in the industrial components business. Further, favourable demand prospects and new orders, especially in the defence and aerospace sectors, are expected to support BFL’s revenue growth and diversification prospects.

The ratings also favourably factor in BFL’s strong liquidity position with unencumbered cash and liquid investments of over Rs. 3,090 crore on a consolidated level as of December 2024.

The strength of the ratings is partially offset by the high working capital intensity demonstrated by BFL over the years due to the high quantum of exports, leading to an elongated receivables position.

ICRA also notes the underperformance in overseas subsidiaries, especially in the aluminium forging business, in the recent past, which has had a bearing on the company’s consolidated profitability to an extent, in FY2024 and 9M FY2025.

Nevertheless, comfortable profitability registered by the standalone entity continues to support the consolidated profitability of BFL.

While improvement in profitability of the overseas subsidiaries remains a monitorable as these markets face macroeconomic issues, the increasing revenue share from relatively high-margin business verticals such as defence and aerospace is expected to support the margin profile on a consolidated level, over the near term.

Bharat Forge (BFL) is the flagship company of the Kalyani Group, providing engineering solutions for diverse automotive and industrial applications. It is India’s one of the largest forging companies with forging-based engine and chassis components with a focus on crankshafts and front-axle beams, the largest exporter of auto components, and among the leading manufacturers of industrial components. It has a diversified global customer base, including the top five CV and PV manufacturers in the world.

The company has reported an 8.4% fall in standalone net profit to Rs 346 crore, along with a 7.4% decline in total revenue to Rs 2,096 crore in Q3 FY25, compared with Q3 FY24.

The scrip tumbled 4.64% to currently trade at Rs 1042.40 on the BSE.

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Bharat Forge has received reaffirmation in credit ratings for various debt facilities from ICRA at ICRA AA+; Stable / ICRA A1+.

Powered by Capital Market - Live News

The headline equity benchmarks traded with modest gains in early-afternoon trade. The Nifty traded above the 22,400 level. Oil & gas shares extended gains for the third consecutive trading session. Trading was volatile due to the weekly Nifty50 F&O series expiry today.

At 12:30 IST, the barometer index, the S&P BSE Sensex, rose 231.24 points, or 0.31%, to 73,961.47. The Nifty 50 index added 94.95 points, or 0.43%, to 22,432.25.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.66%, and the S&P BSE Small-Cap index added 1.53%.

The market breadth was strong. On the BSE, 2,909 shares rose and 921 shares fell. A total of 140 shares were unchanged.

Politics:

The BJP secured two out of three Member of Legislative Council (MLC) seats in Telangana, winning the prestigious Karimnagar-Medak-Nizamabad-Adilabad Graduates constituency. BJP’s Chinnamile Anji Reddy triumphed by a margin of 5,106 votes after the second-preference count of votes. He received a total of 98,637 votes, while his immediate Congress rival V Narender Reddy got 93,531.

Union minister Bandi Sanjay cited the BJP's extensive campaign efforts across Northern Telangana as key to their success.

A day before, the BJP and Progressive Recognized Teachers Union (PRTU) had bagged one each of the two teachers’ MLC seats for which elections were held. M Komaraiah of the BJP bagged the Medak-Nizamabad-Karimnagar-Adilabad teachers’ MLC seat while PRTU candidate P. Sripal Reddy won the Nalgonda-Warangal-Khammam teachers’ constituency.

Meanwhile, celebrations erupted among BJP supporters in Karimnagar, with Central Minister Bandi Sanjay Kumar and party workers gathering in a victory rally. He hailed the win as a “Ramzan gift” to the Congress and declared that the BJP has firmly established itself as a formidable alternative in Telangana. He said BJP’s extensive campaign efforts across Northern Telangana as key to their success.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.27% to 13.63. The Nifty 27 March 2025 futures were trading at 22,532.70, at a premium of 100.45 points as compared with the spot at 22,432.25.

The Nifty option chain for the 27 March 2025 expiry showed a maximum call OI of 56.3 lakh contracts at the 23,000 strike price. Maximum put OI of 70.3 lakh contracts was seen at 22,000 strike price.

Buzzing Index:

The Nifty Oil & Gas index jumped 1.49% to 9,938.55. The index rallied 4.46% in three consecutive trading sessions.

Castrol India (up 10.84%), Mahanagar Gas (up 3.47%), Indraprastha Gas (up 3.27%), Bharat Petroleum Corporation (up 2.57%), Indian Oil Corporation (up 2.13%), Hindustan Petroleum Corporation (up 2.07%), Reliance Industries (up 1.77%), Gujarat Gas (up 1.39%), GAIL (India) (up 0.91%) and Adani Total Gas (up 0.82%) advanced.

On the other hand, Aegis Logistics (down 1.48%), Petronet LNG (down 0.58%) and Oil India (down 0.42%) edged lower.

Stocks in Spotlight:

Bharat Forge added 1.58% after the company announced that its wholly-owned subsidiary, Kalyani Powertrain, entered into a technology licensing agreement with Taiwan's Compal Electronics to manufacture X86 platform servers in India.

Lakshya Powertech hit an upper circuit of 5% after the company announced that it has secured an order worth Rs 5 crore from Euroteck Environmental for testing & commissioning support services for WTP projects.

Hindustan Zinc rallied 3.45% after the company’s board is scheduled to meet on 10th March 2025 to consider raising funds through non-convertible debentures (NCDs).

Trident Lifeline jumped 5.82% after the firm announced a strategic alliance with the National Institutes of Pharmaceutical Education and Research, Ahmedabad (NIPER-A), for the technology transfer of Vorinostat—a rare cancer treatment drug.

Powered by Capital Market - Live News

Bharat Forge has received reaffirmation in credit ratings for various debt facilities from ICRA at ICRA AA+; Stable / ICRA A1+.

Powered by Capital Market - Live News

The headline equity benchmarks traded with modest gains in early-afternoon trade. The Nifty traded above the 22,400 level. Oil & gas shares extended gains for the third consecutive trading session. Trading was volatile due to the weekly Nifty50 F&O series expiry today.

At 12:30 IST, the barometer index, the S&P BSE Sensex, rose 231.24 points, or 0.31%, to 73,961.47. The Nifty 50 index added 94.95 points, or 0.43%, to 22,432.25.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.66%, and the S&P BSE Small-Cap index added 1.53%.

The market breadth was strong. On the BSE, 2,909 shares rose and 921 shares fell. A total of 140 shares were unchanged.

Politics:

The BJP secured two out of three Member of Legislative Council (MLC) seats in Telangana, winning the prestigious Karimnagar-Medak-Nizamabad-Adilabad Graduates constituency. BJP’s Chinnamile Anji Reddy triumphed by a margin of 5,106 votes after the second-preference count of votes. He received a total of 98,637 votes, while his immediate Congress rival V Narender Reddy got 93,531.

Union minister Bandi Sanjay cited the BJP's extensive campaign efforts across Northern Telangana as key to their success.

A day before, the BJP and Progressive Recognized Teachers Union (PRTU) had bagged one each of the two teachers’ MLC seats for which elections were held. M Komaraiah of the BJP bagged the Medak-Nizamabad-Karimnagar-Adilabad teachers’ MLC seat while PRTU candidate P. Sripal Reddy won the Nalgonda-Warangal-Khammam teachers’ constituency.

Meanwhile, celebrations erupted among BJP supporters in Karimnagar, with Central Minister Bandi Sanjay Kumar and party workers gathering in a victory rally. He hailed the win as a “Ramzan gift” to the Congress and declared that the BJP has firmly established itself as a formidable alternative in Telangana. He said BJP’s extensive campaign efforts across Northern Telangana as key to their success.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.27% to 13.63. The Nifty 27 March 2025 futures were trading at 22,532.70, at a premium of 100.45 points as compared with the spot at 22,432.25.

The Nifty option chain for the 27 March 2025 expiry showed a maximum call OI of 56.3 lakh contracts at the 23,000 strike price. Maximum put OI of 70.3 lakh contracts was seen at 22,000 strike price.

Buzzing Index:

The Nifty Oil & Gas index jumped 1.49% to 9,938.55. The index rallied 4.46% in three consecutive trading sessions.

Castrol India (up 10.84%), Mahanagar Gas (up 3.47%), Indraprastha Gas (up 3.27%), Bharat Petroleum Corporation (up 2.57%), Indian Oil Corporation (up 2.13%), Hindustan Petroleum Corporation (up 2.07%), Reliance Industries (up 1.77%), Gujarat Gas (up 1.39%), GAIL (India) (up 0.91%) and Adani Total Gas (up 0.82%) advanced.

On the other hand, Aegis Logistics (down 1.48%), Petronet LNG (down 0.58%) and Oil India (down 0.42%) edged lower.

Stocks in Spotlight:

Bharat Forge added 1.58% after the company announced that its wholly-owned subsidiary, Kalyani Powertrain, entered into a technology licensing agreement with Taiwan's Compal Electronics to manufacture X86 platform servers in India.

Lakshya Powertech hit an upper circuit of 5% after the company announced that it has secured an order worth Rs 5 crore from Euroteck Environmental for testing & commissioning support services for WTP projects.

Hindustan Zinc rallied 3.45% after the company’s board is scheduled to meet on 10th March 2025 to consider raising funds through non-convertible debentures (NCDs).

Trident Lifeline jumped 5.82% after the firm announced a strategic alliance with the National Institutes of Pharmaceutical Education and Research, Ahmedabad (NIPER-A), for the technology transfer of Vorinostat—a rare cancer treatment drug.

Powered by Capital Market - Live News

The two companies have signed a memorandum of understanding (MoU) to develop the server business using locally manufactured solutions in India, echoing the Indian government’s “Make in India” policy.

Under this collaboration, Compal Electronics will provide Kalyani Powertrain with technological support related to servers, including overseeing local production, assembly, testing activities, and final sales.

Amit Kalyani, vice chairman & joint managing director of Bharat Forge, stated, “It gives us an immense pleasure to partner with a global leader of technological products ‘Compal’ for manufacturing servers in India. This association will give a strong impetus to India’s manufacturing competitiveness.”

Tony Bonadero, CEO of Compal Electronics, said, “We are very pleased to collaborate with Kalyani Powertrain. Compal is actively advancing its server business and establishing multiple partnerships. Kalyani Powertrain's extensive experience in the Indian market will create synergistic effects in our collaboration. We look forward to this being just the beginning, with more ICT-related business opportunities in the future to create greater value together.”

Bharat Forge (BFL) is the flagship company of the Kalyani Group, providing engineering solutions for diverse automotive and industrial applications. It is India’s one of the largest forging companies with forging-based engine and chassis components with a focus on crankshafts and front-axle beams, the largest exporter of auto components, and among the leading manufacturers of industrial components. It has a diversified global customer base, including the top five CV and PV manufacturers in the world.

The company has reported an 8.4% fall in standalone net profit to Rs 346 crore, along with a 7.4% decline in total revenue to Rs 2,096 crore in Q3 FY25, compared with Q3 FY24.

Powered by Capital Market - Live News

The agency has affirmed the company’s short-term rating at '[ICRA] A1+’.

ICRA stated that the reaffirmation of the ratings continues to consider Bharat Forge Limited’s (BFL’s) leading position in the global automotive forgings industry, especially in the commercial vehicle (CV) chassis and engine components space.

The ratings also consider the company’s large-scale operations, its diversified business portfolio with a strong customer base in the automotive and industrial segments across geographies, and its established relationships with leading global original equipment manufacturers (OEMs)for components supplied and its technical capabilities.

ICRA also notes that as part of its strategy to attain segmental diversification, BFL has been incrementally investing in the industrial components business. Further, favourable demand prospects and new orders, especially in the defence and aerospace sectors, are expected to support BFL’s revenue growth and diversification prospects.

The ratings also favourably factor in BFL’s strong liquidity position with unencumbered cash and liquid investments of over Rs. 3,090 crore on a consolidated level as of December 2024.

The strength of the ratings is partially offset by the high working capital intensity demonstrated by BFL over the years due to the high quantum of exports, leading to an elongated receivables position.

ICRA also notes the underperformance in overseas subsidiaries, especially in the aluminium forging business, in the recent past, which has had a bearing on the company’s consolidated profitability to an extent, in FY2024 and 9M FY2025.

Nevertheless, comfortable profitability registered by the standalone entity continues to support the consolidated profitability of BFL.

While improvement in profitability of the overseas subsidiaries remains a monitorable as these markets face macroeconomic issues, the increasing revenue share from relatively high-margin business verticals such as defence and aerospace is expected to support the margin profile on a consolidated level, over the near term.

Bharat Forge (BFL) is the flagship company of the Kalyani Group, providing engineering solutions for diverse automotive and industrial applications. It is India’s one of the largest forging companies with forging-based engine and chassis components with a focus on crankshafts and front-axle beams, the largest exporter of auto components, and among the leading manufacturers of industrial components. It has a diversified global customer base, including the top five CV and PV manufacturers in the world.

The company has reported an 8.4% fall in standalone net profit to Rs 346 crore, along with a 7.4% decline in total revenue to Rs 2,096 crore in Q3 FY25, compared with Q3 FY24.

The scrip tumbled 4.64% to currently trade at Rs 1042.40 on the BSE.

Powered by Capital Market - Live News

Bharat Forge has received reaffirmation in credit ratings for various debt facilities from ICRA at ICRA AA+; Stable / ICRA A1+.

Powered by Capital Market - Live News

The headline equity benchmarks traded with modest gains in early-afternoon trade. The Nifty traded above the 22,400 level. Oil & gas shares extended gains for the third consecutive trading session. Trading was volatile due to the weekly Nifty50 F&O series expiry today.

At 12:30 IST, the barometer index, the S&P BSE Sensex, rose 231.24 points, or 0.31%, to 73,961.47. The Nifty 50 index added 94.95 points, or 0.43%, to 22,432.25.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.66%, and the S&P BSE Small-Cap index added 1.53%.

The market breadth was strong. On the BSE, 2,909 shares rose and 921 shares fell. A total of 140 shares were unchanged.

Politics:

The BJP secured two out of three Member of Legislative Council (MLC) seats in Telangana, winning the prestigious Karimnagar-Medak-Nizamabad-Adilabad Graduates constituency. BJP’s Chinnamile Anji Reddy triumphed by a margin of 5,106 votes after the second-preference count of votes. He received a total of 98,637 votes, while his immediate Congress rival V Narender Reddy got 93,531.

Union minister Bandi Sanjay cited the BJP's extensive campaign efforts across Northern Telangana as key to their success.

A day before, the BJP and Progressive Recognized Teachers Union (PRTU) had bagged one each of the two teachers’ MLC seats for which elections were held. M Komaraiah of the BJP bagged the Medak-Nizamabad-Karimnagar-Adilabad teachers’ MLC seat while PRTU candidate P. Sripal Reddy won the Nalgonda-Warangal-Khammam teachers’ constituency.

Meanwhile, celebrations erupted among BJP supporters in Karimnagar, with Central Minister Bandi Sanjay Kumar and party workers gathering in a victory rally. He hailed the win as a “Ramzan gift” to the Congress and declared that the BJP has firmly established itself as a formidable alternative in Telangana. He said BJP’s extensive campaign efforts across Northern Telangana as key to their success.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.27% to 13.63. The Nifty 27 March 2025 futures were trading at 22,532.70, at a premium of 100.45 points as compared with the spot at 22,432.25.

The Nifty option chain for the 27 March 2025 expiry showed a maximum call OI of 56.3 lakh contracts at the 23,000 strike price. Maximum put OI of 70.3 lakh contracts was seen at 22,000 strike price.

Buzzing Index:

The Nifty Oil & Gas index jumped 1.49% to 9,938.55. The index rallied 4.46% in three consecutive trading sessions.

Castrol India (up 10.84%), Mahanagar Gas (up 3.47%), Indraprastha Gas (up 3.27%), Bharat Petroleum Corporation (up 2.57%), Indian Oil Corporation (up 2.13%), Hindustan Petroleum Corporation (up 2.07%), Reliance Industries (up 1.77%), Gujarat Gas (up 1.39%), GAIL (India) (up 0.91%) and Adani Total Gas (up 0.82%) advanced.

On the other hand, Aegis Logistics (down 1.48%), Petronet LNG (down 0.58%) and Oil India (down 0.42%) edged lower.

Stocks in Spotlight:

Bharat Forge added 1.58% after the company announced that its wholly-owned subsidiary, Kalyani Powertrain, entered into a technology licensing agreement with Taiwan's Compal Electronics to manufacture X86 platform servers in India.

Lakshya Powertech hit an upper circuit of 5% after the company announced that it has secured an order worth Rs 5 crore from Euroteck Environmental for testing & commissioning support services for WTP projects.

Hindustan Zinc rallied 3.45% after the company’s board is scheduled to meet on 10th March 2025 to consider raising funds through non-convertible debentures (NCDs).

Trident Lifeline jumped 5.82% after the firm announced a strategic alliance with the National Institutes of Pharmaceutical Education and Research, Ahmedabad (NIPER-A), for the technology transfer of Vorinostat—a rare cancer treatment drug.

Powered by Capital Market - Live News

Bharat Forge has received reaffirmation in credit ratings for various debt facilities from ICRA at ICRA AA+; Stable / ICRA A1+.

Powered by Capital Market - Live News

The headline equity benchmarks traded with modest gains in early-afternoon trade. The Nifty traded above the 22,400 level. Oil & gas shares extended gains for the third consecutive trading session. Trading was volatile due to the weekly Nifty50 F&O series expiry today.

At 12:30 IST, the barometer index, the S&P BSE Sensex, rose 231.24 points, or 0.31%, to 73,961.47. The Nifty 50 index added 94.95 points, or 0.43%, to 22,432.25.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.66%, and the S&P BSE Small-Cap index added 1.53%.

The market breadth was strong. On the BSE, 2,909 shares rose and 921 shares fell. A total of 140 shares were unchanged.

Politics:

The BJP secured two out of three Member of Legislative Council (MLC) seats in Telangana, winning the prestigious Karimnagar-Medak-Nizamabad-Adilabad Graduates constituency. BJP’s Chinnamile Anji Reddy triumphed by a margin of 5,106 votes after the second-preference count of votes. He received a total of 98,637 votes, while his immediate Congress rival V Narender Reddy got 93,531.

Union minister Bandi Sanjay cited the BJP's extensive campaign efforts across Northern Telangana as key to their success.

A day before, the BJP and Progressive Recognized Teachers Union (PRTU) had bagged one each of the two teachers’ MLC seats for which elections were held. M Komaraiah of the BJP bagged the Medak-Nizamabad-Karimnagar-Adilabad teachers’ MLC seat while PRTU candidate P. Sripal Reddy won the Nalgonda-Warangal-Khammam teachers’ constituency.

Meanwhile, celebrations erupted among BJP supporters in Karimnagar, with Central Minister Bandi Sanjay Kumar and party workers gathering in a victory rally. He hailed the win as a “Ramzan gift” to the Congress and declared that the BJP has firmly established itself as a formidable alternative in Telangana. He said BJP’s extensive campaign efforts across Northern Telangana as key to their success.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.27% to 13.63. The Nifty 27 March 2025 futures were trading at 22,532.70, at a premium of 100.45 points as compared with the spot at 22,432.25.

The Nifty option chain for the 27 March 2025 expiry showed a maximum call OI of 56.3 lakh contracts at the 23,000 strike price. Maximum put OI of 70.3 lakh contracts was seen at 22,000 strike price.

Buzzing Index:

The Nifty Oil & Gas index jumped 1.49% to 9,938.55. The index rallied 4.46% in three consecutive trading sessions.

Castrol India (up 10.84%), Mahanagar Gas (up 3.47%), Indraprastha Gas (up 3.27%), Bharat Petroleum Corporation (up 2.57%), Indian Oil Corporation (up 2.13%), Hindustan Petroleum Corporation (up 2.07%), Reliance Industries (up 1.77%), Gujarat Gas (up 1.39%), GAIL (India) (up 0.91%) and Adani Total Gas (up 0.82%) advanced.

On the other hand, Aegis Logistics (down 1.48%), Petronet LNG (down 0.58%) and Oil India (down 0.42%) edged lower.

Stocks in Spotlight:

Bharat Forge added 1.58% after the company announced that its wholly-owned subsidiary, Kalyani Powertrain, entered into a technology licensing agreement with Taiwan's Compal Electronics to manufacture X86 platform servers in India.

Lakshya Powertech hit an upper circuit of 5% after the company announced that it has secured an order worth Rs 5 crore from Euroteck Environmental for testing & commissioning support services for WTP projects.

Hindustan Zinc rallied 3.45% after the company’s board is scheduled to meet on 10th March 2025 to consider raising funds through non-convertible debentures (NCDs).

Trident Lifeline jumped 5.82% after the firm announced a strategic alliance with the National Institutes of Pharmaceutical Education and Research, Ahmedabad (NIPER-A), for the technology transfer of Vorinostat—a rare cancer treatment drug.

Powered by Capital Market - Live News

The two companies have signed a memorandum of understanding (MoU) to develop the server business using locally manufactured solutions in India, echoing the Indian government’s “Make in India” policy.

Under this collaboration, Compal Electronics will provide Kalyani Powertrain with technological support related to servers, including overseeing local production, assembly, testing activities, and final sales.

Amit Kalyani, vice chairman & joint managing director of Bharat Forge, stated, “It gives us an immense pleasure to partner with a global leader of technological products ‘Compal’ for manufacturing servers in India. This association will give a strong impetus to India’s manufacturing competitiveness.”

Tony Bonadero, CEO of Compal Electronics, said, “We are very pleased to collaborate with Kalyani Powertrain. Compal is actively advancing its server business and establishing multiple partnerships. Kalyani Powertrain's extensive experience in the Indian market will create synergistic effects in our collaboration. We look forward to this being just the beginning, with more ICT-related business opportunities in the future to create greater value together.”

Bharat Forge (BFL) is the flagship company of the Kalyani Group, providing engineering solutions for diverse automotive and industrial applications. It is India’s one of the largest forging companies with forging-based engine and chassis components with a focus on crankshafts and front-axle beams, the largest exporter of auto components, and among the leading manufacturers of industrial components. It has a diversified global customer base, including the top five CV and PV manufacturers in the world.

The company has reported an 8.4% fall in standalone net profit to Rs 346 crore, along with a 7.4% decline in total revenue to Rs 2,096 crore in Q3 FY25, compared with Q3 FY24.

Powered by Capital Market - Live News