Bharat Forge Ltd
About
Bharat Forge Limited (BFL) is a global leader in metal forming and advanced engineering solutions, with a presence across India, Germany, Sweden, France, and North America. Headquartered in Pune, India, BFL is part of the USD 3 billion Kalyani Group and serves diverse industries, including automotive, power, oil & gas, construction, mining, aerospace, locomotive, and marine.With one of the largest operational forging facilities in the world, BFL provides end-to-end solutions from concept to manufacturing, in metallurgy, design, engineering, and testing. It is India’s largest manufacturer and exporter of automotive components and a leading global chassis component supplier. Expanding beyond automotive, BFL is strengthening its presence in defense, aerospace, energy, and infrastructure sectors.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 15919 19.2% | 13353 16.9% | 11424 75.1% | 6525 -20.4% | 8191 -23.6% | 10724 24.3% | 8626 28.6% | 6706 -5.7% | 7111 -8.7% | 7784 10.8% | 7025 30.1% | 5400 -18.0% | 6582 25.9% | 5227 57.6% | 3318 -32.7% | 4926 - |
| Net Operating Income (INR Cr) | 15682 21.47% | 12910 23.41% | 10461 65.10% | 6336 -21.35% | 8056 -20.60% | 10146 21.39% | 8358 30.67% | 6396 -6.07% | 6809 -10.67% | 7622 13.50% | 6716 29.99% | 5167 -17.72% | 6279 23.43% | 5087 54.82% | 3286 -30.26% | 4711 2.47% |
| Profit (INR Cr) | 951 80.0% | 528 -51.2% | 1082 - | -126 - | 350 -66.1% | 1032 35.4% | 762 8.2% | 705 3.9% | 678 -11.0% | 763 53.0% | 499 101.4% | 248 -40.1% | 413 42.4% | 290 - | -63 - | 58 - |
| Assets (INR Cr) | 15609 3.8% | 15038 14.7% | 13107 16.5% | 11254 12.9% | 9965 3.7% | 9614 18.1% | 8139 9.4% | 7439 6.8% | 6964 12.9% | 6170 14.4% | 5395 0.8% | 5350 1.9% | 5250 28.4% | 4089 7.8% | 3794 -3.5% | 3930 - |
| Net Worth (INR Cr) | 7170 6.9% | 6706 2.1% | 6571 21.3% | 5415 3.7% | 5220 -2.9% | 5376 15.6% | 4652 13.0% | 4116 20.6% | 3413 -0.9% | 3444 28.4% | 2683 18.9% | 2256 3.3% | 2184 11.8% | 1953 33.5% | 1463 -11.1% | 1646 -0.5% |
| Employee Cost (INR Cr) | 1862 15.9% | 1607 9.7% | 1465 36.8% | 1071 -10.4% | 1195 -4.1% | 1246 14.4% | 1089 17.0% | 931 1.7% | 915 1.2% | 904 14.5% | 790 12.6% | 702 -10.1% | 780 20.7% | 646 23.4% | 524 -26.1% | 709 - |
| Interest Cost (INR Cr) | 491 | 299 | 160 | 108 | 171 | 127 | 107 | 100 | 116 | 136 | 169 | 167 | 186 | 153 | 130 | 129 |
| Cash & Bank Balance (INR Cr) | 1690 | 1040 | 603 | 473 | 575 | 475 | 304 | 336 | 449 | 682 | 423 | 555 | 634 | 396 | 598 | 488 |
| Total Debt (INR Cr) | 7948 | 7313 | 5972 | 5271 | 4469 | 4029 | 3257 | 3124 | 3375 | 2546 | 2561 | 2784 | 2761 | 1901 | 2253 | 2191 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 6.0% | 4.0% | 9.5% | - | 4.3% | 9.6% | 8.8% | 10.5% | 9.5% | 9.8% | 7.1% | 4.6% | 6.3% | 5.6% | - | 1.2% |
| Profit As % Of Assets | 6.1% | 3.5% | 8.3% | - | 3.5% | 10.7% | 9.4% | 9.5% | 9.7% | 12.4% | 9.2% | 4.6% | 7.9% | 7.1% | - | 1.5% |
| Profit As % Of Networth | 13.3% | 7.9% | 16.5% | - | 6.7% | 19.2% | 16.4% | 17.1% | 19.9% | 22.1% | 18.6% | 11.0% | 18.9% | 14.9% | - | 3.5% |
| Interest Cost to EBITDA % | 19.3% | 17.7% | 8.5% | 20.5% | 17.3% | 6.2% | 6.6% | 8.0% | 8.3% | 9.4% | 17.1% | 24.1% | 18.7% | 19.7% | 63.8% | 35.9% |
| Debt to Equity Ratio | 1.11 | 1.09 | 0.91 | 0.97 | 0.86 | 0.75 | 0.70 | 0.76 | 0.99 | 0.74 | 0.95 | 1.23 | 1.26 | 0.97 | 1.54 | 1.33 |
| RONW | 13.1% | 6.9% | 15.4% | - | 6.6% | 20.6% | 17.2% | 16.2% | 19.7% | 24.8% | 17.0% | 10.2% | 18.7% | 16.3% | - | 2.8% |
| ROCE | 12.6% | 7.3% | 11.0% | 3.1% | 6.5% | 19.5% | 16.8% | 12.8% | 16.9% | 21.7% | 14.8% | 10.9% | 16.8% | 15.0% | 3.5% | 7.3% |