auto

Bharat Forge

BHARATFORG · Nifty 50

2,034.5

Price 2026-06-17

BROAD EXPANSION73% confidence

At a Glance

Sector Positionauto sector. Flow: neutral. is not among current leaders. Regime: BROAD EXPANSION (73%).
Fundamental Score90/100 (STRONG). 0 positive flags, 4 concerns.
Historical Context35 similar technical setups. Average outcome: -6.9% decline. 0% positive.

Fundamental

90/100

STRONG

Trust

95/100

Verification

Coverage

44/100

LIMITED

Quick Take

Bharat Forge scores 90/100 on fundamentals (strong). Bharat Forge: BROAD EXPANSION regime.

Fundamental Score: 90/100 · STRONG · 1 signals detected

DuPont Analysis

ROE 11.3% broken into three drivers. Each shows how efficiently the company generates returns.

ROE11.3%=
6.4%Net Margin
×
0.8xTurnover
×
2.3xLeverage

ROE of 11.27% is moderate margin-driven and stable. Net margin of 6.4% × asset turnover of 0.76x × leverage of 2.3x.

What This Means

Net margin of 6.4% means the company keeps ₹6.4 as profit for every ₹100 of revenue. This is a moderate-margin business. Asset turnover of 0.76x means the company efficiently uses its assets to generate revenue. Leverage of 2.3x means the company uses moderate debt. Returns are primarily driven by operations, not borrowing.

Margin Structure

Gross

54.9%

Operating

11.8%

Net

6.4%

declining

Gross margin 54.9% → operating margin 11.8% → net margin 6.4%. Margins are DECLINING. Check if input costs are rising or competition is pressuring pricing.

Financial Health

Earnings Quality

ADEQUATE

Cash flow covers net income 1.4x — earnings are ADEQUATE quality. Cash conversion is reasonable.

Debt Sustainability

COMFORTABLE

Interest covered 6.2x — very comfortable. Debt service is not a concern. Debt/EBITDA at 2.5x is moderate.

Free Cash Flow

MODERATE

FCF margin at 2.1% — barely positive. Limited cash after capex.

Peer Comparison

Bharat Forge is compared against 10 peers in the auto sector.

Key Watchpoints

🟢

Breaks above ₹2136 (+5%)

Trend reversal confirmation

🔴

Breaks below ₹1933 (-5%)

Further downside risk

🟢

Auto sector entering leadership

Sector rotation signal

Detected Patterns

➡️ Leverage Slowly Rising: Debt growing faster (9.1%) than equity (3.5%)

Risk Flags

🔴 1 Critical⚠️ 3 Warning4 total flags
🔴Cash covers only 9% of current liabilities
Balance Sheet

Liquidity squeeze. Company may struggle to meet short-term obligations without refinancing.

⚠️Special charges present in income statement
Earnings Quality

Special charges of ₹154K Cr. May indicate restructuring, impairment, or one-time costs.

⚠️69% of debt is short-term
Balance Sheet

High refinancing risk. Company needs to roll over debt frequently. Vulnerable to credit market freezes.

⚠️Working capital changes are 61% of operating cash flow
Cash Flow

Working capital is consuming significant cash. Operational efficiency declining.

⚠️ 1 critical + 3 warning flags. Exercise caution.

Data Quality

95/100All ratios self-computed from verified sources. 🟢 5 years of financial data — sufficient for trend analysis

News Correlation

margin pressure (4)management outlook (4)
Our margin analysis (declining) matches news reports of cost/margin pressure

50 articles scanned for fundamental themes

Facts

P/E Ratio
86.2UNAVAILABLE
P/B Ratio
9.7HIGH
Market Cap
₹9299302.2L CrHIGH
From 52W High
100% of high
Sector Peers
10
Bharat Forge Stock Analysis, Valuation, Fundamentals & Intelligence | FynSight