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Bharat Forge Limited

ISIN : INE465A01025
NSE : BHARATFORG
BSE : 500493
Face Value : 2
Industry : Forgings

EPS : 20.43
EPS (TTM) : 19.99
Price to Earning (P/E) : 57.23
Book Value : 153.73
Price to Bookvalue (P/B) : 7.61
Dividend Yield : 0 %
Return on Equity (ROE) : 13.13 %
Return on Capital Employed (ROCE) : 13.75 %

Bharat Forge share price (02-Apr-2026)
National Stock Exchange NSE
Open / Close	0 - 0 NAN %
Low / High	0 - 0 NAN %
Trade Volume	0
52 Week Low / High	0 - 0 NAN %
Bombay Stock Exchange BSE
Open / Close	1640.75 - 1642.4 0.1 %
Low / High	1613.7 - 1656 2.6 %
Trade Volume	24,647
52 Week Low / High	1100.5 - 1936.35 76 %

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Consolidated Standalone

CONSOLIDATED QUARTERLY RESULT FOR BHARAT FORGE LIMITED

Date End	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	35730.9	28514.6	30763.8	33533.6	36290.5	38772.7	37741.9	38664.1	41642.1	41061.5
Total Income	36560.5	28840.4	31222.7	33899.5	36868.5	39414.2	38266.7	39223.6	42190.4	41577.9
Total Expenditure	30191.6	24236.5	26444	28840.9	31905.9	32818.9	31527.6	31685.5	35209.3	33651.9
Other Income	829.56	325.79	458.87	365.9	578.01	641.56	524.85	559.53	548.3	516.46
Operating Profit	6368.94	4603.89	4778.72	5058.59	4962.6	6595.31	6739.1	7538.12	6981.1	7926.05
Interest	626.31	395.38	525.65	1092.3	972.87	1144.99	1243.31	1368.17	1155.2	1237.14
Exceptional Items	-131.3	-30.49	-21.66	-0.18	-405.58		-20.97		-102.26	-1517.65
PBDT	5611.33	4178.02	4231.41	3966.11	3584.15	5450.32	5474.82	6169.95	5723.64	5171.26
Depreciation	2138.25	1807.53	1881.08	1855.83	1811.42	2060.9	2113.33	2236.65	2071.08	2182.68
Profit Before Tax	3473.08	2370.49	2350.33	2110.28	1772.73	3389.42	3361.49	3933.3	3652.56	2988.58
Tax	1047.49	742.13	932.23	1020.89	490.33	1277.51	1217.9	1405.93	1386.99	1249.69
Profit After Tax	2425.59	1628.36	1418.1	1089.39	1282.4	2111.91	2143.59	2527.37	2265.57	1738.89
Net Profit	2425.59	1628.36	1418.1	1089.39	1282.4	2111.91	2143.59	2527.37	2265.57	1738.89
Equity Capital	931.27	931.27	931.27	931.27	931.27	931.27	931.27	931.27	931.27	931.27
Face Value (IN RS)	2	2	2	2	2	2	2	2	2	2
Calculated EPS	5.06	3.53	3.13	1.77	2.91	4.8	4.88	5.68	5.07	4.36
Diluted Eps After Extraordinary Items	5.06	3.53	3.13	1.78	2.91	4.8	4.88	5.68	5.07	4.36
Diluted Eps Before Extraordinary Items	5.06	3.53	3.13	1.78	2.91	4.8	4.88	5.68	5.07	4.36

STANDALONE QUARTERLY RESULT FOR BHARAT FORGE LIMITED

Date End	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	16740.8	17593.9	18639.4	19521	19972.8	21272.8	22493.9	22633.8	23285.8	23380.9
Total Income	17402.4	17853.3	19116.7	19898.5	20363.6	21745.1	22917.6	22979.3	23667.7	23826.8
Total Expenditure	12429.1	13243.1	14109.3	14170.2	15093.5	15786.2	16425.9	16002.2	16694.3	16866.3
Other Income	661.57	259.37	477.35	377.47	390.77	472.29	423.75	345.54	381.83	445.87
Operating Profit	4973.3	4610.18	5007.44	5728.28	5270.16	5958.97	6491.72	6977.11	6973.38	6960.52
Interest	407.44	263.4	357.4	848.51	657.58	705.18	726.3	808.85	633.79	701.8
Exceptional Items	-24.77	-30.49	-6.04	42.81	-408.41		-20.97		-133.36	-1456.63
PBDT	4541.09	4316.29	4644	4922.58	4204.17	5253.79	5744.45	6168.26	6206.23	4802.09
Depreciation	1042.03	1064.36	1065.5	1079.07	1050.64	1088.72	1128.45	1124.19	1079.06	1094.26
Profit Before Tax	3499.06	3251.93	3578.5	3843.51	3153.53	4165.07	4616	5044.07	5127.17	3707.83
Tax	879.46	815.35	897.34	951.72	708.32	1050.03	1156.13	1265.96	1230.62	1013.6
Profit After Tax	2619.6	2436.58	2681.16	2891.79	2445.21	3115.04	3459.87	3778.11	3896.55	2694.23
Net Profit	2619.6	2436.58	2681.16	2891.79	2445.21	3115.04	3459.87	3778.11	3896.55	2694.23
Equity Capital	931.27	931.27	931.27	931.27	931.27	931.27	931.27	931.27	931.27	931.27
Face Value (IN RS)	2	2	2	2	2	2	2	2	2	2
Calculated EPS	5.63	5.23	5.76	6.21	5.25	6.69	7.43	8.11	8.37	5.79
Diluted Eps After Extraordinary Items	5.63	5.23	5.76	6.21	5.25	6.69	7.43	8.11	8.37	5.79
Diluted Eps Before Extraordinary Items	5.63	5.23	5.76	6.21	5.25	6.69	7.43	8.11	8.37	5.79

Consolidated Standalone

CONSOLIDATED ANNUAL RESULT FOR BHARAT FORGE LIMITED

Date End	Mar 2022	Mar 2023	Mar 2024
No of months	12 months	12 months	12 months
Net Sales	104611	129103	156821
Total Income	106570	130831	159095
Total Expenditure	84451.4	111427	131241
Other Income	1959	1728.57	2274.24
Operating Profit	22118.3	19403.8	27853.6
Interest	1604.05	2986.2	4911.67
Exceptional Items	924.05	-457.91	-123.23
PBDT	21438.3	15959.7	22818.7
Depreciation	7303.01	7355.86	8481.96
Profit Before Tax	14135.3	8603.83	14336.8
Tax	3034.53	3185.58	5288.33
Profit After Tax	11100.8	5418.25	9048.44
Net Profit	11100.8	5418.25	9048.44
Equity Capital	931.27	931.27	931.27
Face Value (IN RS)	2	2	2
Reserves	64775.5	66124	70770.6
Calculated EPS	23.23	11.35	20.43
Diluted Eps After Extraordinary Items	23.23	11.35	20.43
Diluted Eps Before Extraordinary Items	23.23	11.35	20.43

STANDALONE ANNUAL RESULT FOR BHARAT FORGE LIMITED

Date End	Mar 2022	Mar 2023	Mar 2024
No of months	12 months	12 months	12 months
Net Sales	62546.1	75727.1	89686.3
Total Income	64221.1	77232.1	91309.8
Total Expenditure	45388.8	56616	64908.6
Other Income	1675.02	1504.96	1623.41
Operating Profit	18832.3	20616.1	26401.2
Interest	1073.01	2126.89	2874.12
Exceptional Items	318.03	-402.13	-154.33
PBDT	18077.3	18087	23372.7
Depreciation	4117.91	4259.57	4420.42
Profit Before Tax	13959.4	13827.5	18952.3
Tax	3181.4	3372.73	4702.74
Profit After Tax	10778	10454.7	14249.6
Net Profit	10778	10454.7	14249.6
Equity Capital	931.27	931.27	931.27
Face Value (IN RS)	2	2	2
Reserves	70166.5	76068.7	84756.5
Calculated EPS	23.15	22.45	30.6
Diluted Eps After Extraordinary Items	23.15	22.45	30.6
Diluted Eps Before Extraordinary Items	23.15	22.45	30.6

Consolidated Standalone

CONSOLIDATED PROFIT / LOSS FOR BHARAT FORGE LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Gross Sales	6336.26 Cr	10461.1 Cr	12944.6 Cr	15818 Cr
Sales	5966.5 Cr	9796.17 Cr	12184 Cr	14958.9 Cr
Job Work/ Contract Receipts	44.54 Cr	59.61 Cr	68.48 Cr	127.67 Cr
Processing Charges / Service Income	68.24 Cr	42.19 Cr	70.8 Cr	92.26 Cr
Net Sales	6336.26 Cr	10461.1 Cr	12910.3 Cr	15682.1 Cr
Increase/Decrease in Stock	-19.65 Cr	-589.93 Cr	-270.04 Cr	-4.21 Cr
Raw Material Consumed	2653.81 Cr	4805.89 Cr	6231.4 Cr	7383.4 Cr
Opening Raw Materials	283.71 Cr	311.14 Cr	634.97 Cr	725.66 Cr
Purchases Raw Materials	2507.53 Cr	4941.41 Cr	6155.68 Cr	7161.02 Cr
Closing Raw Materials	311.14 Cr	634.97 Cr	725.66 Cr	748.29 Cr
Other Direct Purchases / Brought in cost	173.72 Cr	188.31 Cr	166.4 Cr	245.02 Cr
Power & Fuel Cost	396.1 Cr	576.84 Cr	827.88 Cr	766.5 Cr
Electricity & Power	402.11 Cr	583.07 Cr	834.35 Cr	774.2 Cr
Employee Cost	1071.06 Cr	1464.68 Cr	1563.1 Cr	1860 Cr
Salaries, Wages & Bonus	880.81 Cr	1212.85 Cr	1336.16 Cr	1589.74 Cr
Contributions to EPF & Pension Funds	67.35 Cr	73.01 Cr	69.53 Cr	147.5 Cr
Workmen and Staff Welfare Expenses	112.87 Cr	166.78 Cr	145.89 Cr	113.76 Cr
Other Manufacturing Expenses	747.76 Cr	1185.17 Cr	1464.66 Cr	1766.83 Cr
Processing Charges	253.13 Cr	434.34 Cr	605.62 Cr	776.84 Cr
Repairs and Maintenance	106.78 Cr	181.92 Cr	201.07 Cr	266.46 Cr
Packing Material Consumed	68.38 Cr	103.32 Cr	115.98 Cr	125.74 Cr
General and Administration Expenses	148.39 Cr	162.76 Cr	200.39 Cr	260 Cr
Rent , Rates & Taxes	19.08 Cr	29.12 Cr	41.61 Cr	47.5 Cr
Insurance	22.52 Cr	23.86 Cr	30.94 Cr	33.36 Cr
Professional and legal fees	96.46 Cr	99.73 Cr	114.48 Cr	159.3 Cr
Selling and Distribution Expenses	179.03 Cr	445.31 Cr	635.1 Cr	473.4 Cr
Sales Commissions & Incentives	9.86 Cr	12.16 Cr	13.33 Cr	13.15 Cr
Freight and Forwarding	169.18 Cr	433.15 Cr	621.77 Cr	460.25 Cr
Miscellaneous Expenses	306.48 Cr	442.33 Cr	555.66 Cr	618.22 Cr
Bad debts /advances written off	1.4 Lk	51.6 Lk	7.25 Cr	9.8 Cr
Provision for doubtful debts	9.12 Cr	11.19 Cr	7.04 Cr	18.98 Cr
Loss on disposal of fixed assets(net)	0	0	2.57 Cr	3.57 Cr
Loss on foreign exchange fluctuations	1.62 Cr	0	8.92 Cr	8.15 Cr
Loss on sale of non-trade current investments	0	12.96 Cr	65.41 Cr	0
Total Expenditure	5482.97 Cr	8493.04 Cr	11208.1 Cr	13124.1 Cr
Other Income	168.9 Cr	243.8 Cr	238.27 Cr	231.84 Cr
Interest Received	27.53 Cr	22.17 Cr	29.33 Cr	75.96 Cr
Dividend Received	12.2 Lk	44.1 Lk	51.1 Lk	56.7 Lk
Profit on sale of Fixed Assets	33.6 Lk	22.35 Cr	4.27 Cr	0
Profits on sale of Investments	33.66 Cr	90.38 Cr	143.27 Cr	64.65 Cr
Provision Written Back	13.86 Cr	24.64 Cr	11.62 Cr	15.67 Cr
Foreign Exchange Gains	0	34.93 Cr	0	4.41 Cr
Operating Profit	1022.19 Cr	2211.83 Cr	1940.38 Cr	2789.78 Cr
Interest	107.73 Cr	160.4 Cr	298.62 Cr	495.58 Cr
PBDT	914.46 Cr	2051.43 Cr	1641.76 Cr	2294.2 Cr
Depreciation	603.71 Cr	730.3 Cr	735.59 Cr	848.2 Cr
Profit Before Taxation & Exceptional Items	310.75 Cr	1321.13 Cr	906.17 Cr	1446 Cr
Exceptional Income / Expenses	-306.23 Cr	92.4 Cr	-45.79 Cr	-12.32 Cr
Profit Before Tax	4.52 Cr	1413.53 Cr	826.94 Cr	1438.99 Cr
Provision for Tax	101.51 Cr	303.45 Cr	318.56 Cr	528.83 Cr
Current Income Tax	90.66 Cr	352.96 Cr	395.16 Cr	569.07 Cr
Deferred Tax	10.86 Cr	-49.5 Cr	-76.6 Cr	-40.24 Cr
Profit After Tax	-96.99 Cr	1110.08 Cr	508.39 Cr	910.16 Cr
Minority Interest	58.5 Lk	4.7 Cr	19.98 Cr	40.97 Cr
Share of Associate	-29.97 Cr	-33.02 Cr	0	0
Consolidated Net Profit	-126.38 Cr	1081.76 Cr	528.36 Cr	951.13 Cr
Profit Balance B/F	4090.03 Cr	3976.42 Cr	4886.74 Cr	5114.04 Cr
Appropriations	3963.65 Cr	5058.18 Cr	5415.11 Cr	6065.17 Cr
Other Appropriation	-12.78 Cr	-95.81 Cr	231.23 Cr	273.01 Cr
Equity Dividend %	100	350	350	450
Earnings Per Share	-2.71	23.23	11.35	20.43
Adjusted EPS	-2.71	23.23	11.35	20.43

STANDALONE PROFIT / LOSS FOR BHARAT FORGE LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Gross Sales	3651.51 Cr	6254.61 Cr	7650.11 Cr	9109.68 Cr
Sales	3425.51 Cr	5848.8 Cr	7163.27 Cr	8573.17 Cr
Job Work/ Contract Receipts	16.69 Cr	24.64 Cr	31.67 Cr	34.24 Cr
Processing Charges / Service Income	12.74 Cr	15.46 Cr	30.83 Cr	56.02 Cr
Net Sales	3651.51 Cr	6254.61 Cr	7572.71 Cr	8968.63 Cr
Increase/Decrease in Stock	-81.42 Cr	-94.67 Cr	-67.31 Cr	-50.97 Cr
Raw Material Consumed	1495.87 Cr	2647.27 Cr	3350.66 Cr	3881.07 Cr
Opening Raw Materials	198.79 Cr	239.18 Cr	381.04 Cr	473.11 Cr
Purchases Raw Materials	1536.25 Cr	2789.14 Cr	3442.72 Cr	3889.21 Cr
Closing Raw Materials	239.18 Cr	381.04 Cr	473.11 Cr	481.25 Cr
Power & Fuel Cost	265.12 Cr	347.92 Cr	477.31 Cr	450.24 Cr
Electricity & Power	271.13 Cr	354.16 Cr	483.78 Cr	457.94 Cr
Employee Cost	448.24 Cr	505.78 Cr	543.01 Cr	601.45 Cr
Salaries, Wages & Bonus	387.74 Cr	429.84 Cr	468.36 Cr	519.96 Cr
Contributions to EPF & Pension Funds	20.53 Cr	20.16 Cr	20.25 Cr	30.85 Cr
Workmen and Staff Welfare Expenses	30.03 Cr	45.68 Cr	46.23 Cr	50.63 Cr
Other Manufacturing Expenses	417.57 Cr	746.78 Cr	852.55 Cr	1020.76 Cr
Processing Charges	94.7 Cr	275.22 Cr	311.09 Cr	394.82 Cr
Repairs and Maintenance	46.74 Cr	66.44 Cr	76.31 Cr	92.46 Cr
Packing Material Consumed	67.33 Cr	101.56 Cr	112.76 Cr	122.68 Cr
General and Administration Expenses	100.66 Cr	111.11 Cr	127.1 Cr	156.54 Cr
Rent , Rates & Taxes	7.77 Cr	6.99 Cr	6.4 Cr	6.08 Cr
Insurance	12.92 Cr	12.44 Cr	11.44 Cr	10.48 Cr
Professional and legal fees	76.85 Cr	88.5 Cr	105.44 Cr	135.38 Cr
Selling and Distribution Expenses	70.64 Cr	127.95 Cr	121.94 Cr	126.03 Cr
Sales Commissions & Incentives	1.24 Cr	31.5 Lk	75 Lk	40.6 Lk
Freight and Forwarding	69.39 Cr	127.64 Cr	121.19 Cr	125.63 Cr
Miscellaneous Expenses	207.21 Cr	194.92 Cr	326.82 Cr	314.77 Cr
Bad debts /advances written off	1.4 Lk	80,000	52.7 Lk	0
Provision for doubtful debts	6.2 Cr	5 Cr	6.18 Cr	5 Cr
Loss on foreign exchange fluctuations	7.16 Cr	0	16.8 Cr	0
Loss on sale of non-trade current investments	0	12.91 Cr	70.48 Cr	0
Total Expenditure	2923.89 Cr	4587.07 Cr	5732.08 Cr	6499.89 Cr
Other Income	140.46 Cr	215.69 Cr	220.97 Cr	171.38 Cr
Interest Received	30.85 Cr	22.04 Cr	44.95 Cr	39.69 Cr
Dividend Received	12.3 Lk	9.89 Cr	47.8 Lk	56.7 Lk
Profit on sale of Fixed Assets	1.52 Cr	28.88 Cr	4.56 Cr	1.3 Cr
Profits on sale of Investments	0	90.04 Cr	136.33 Cr	53.09 Cr
Provision Written Back	5.34 Cr	7.86 Cr	83.5 Lk	6.15 Cr
Foreign Exchange Gains	0	35.28 Cr	0	9.03 Cr
Operating Profit	868.08 Cr	1883.23 Cr	2061.61 Cr	2640.12 Cr
Interest	77.92 Cr	107.3 Cr	212.69 Cr	287.41 Cr
PBDT	790.16 Cr	1775.93 Cr	1848.92 Cr	2352.71 Cr
Depreciation	366.08 Cr	411.79 Cr	425.96 Cr	442.04 Cr
Profit Before Taxation & Exceptional Items	424.09 Cr	1364.14 Cr	1422.96 Cr	1910.66 Cr
Exceptional Income / Expenses	-9.18 Cr	31.8 Cr	-40.21 Cr	-15.43 Cr
Profit Before Tax	414.91 Cr	1395.94 Cr	1382.75 Cr	1895.23 Cr
Provision for Tax	102.81 Cr	318.14 Cr	337.27 Cr	470.27 Cr
Current Income Tax	88.22 Cr	332.82 Cr	375.93 Cr	512.2 Cr
Deferred Tax	14.59 Cr	-14.68 Cr	-38.65 Cr	-25.82 Cr
Profit After Tax	312.09 Cr	1077.8 Cr	1045.47 Cr	1424.96 Cr
Consolidated Net Profit	312.09 Cr	1077.8 Cr	1045.47 Cr	1424.96 Cr
Profit Balance B/F	4300.7 Cr	4632.58 Cr	5523.85 Cr	6248.04 Cr
Appropriations	4612.8 Cr	5710.38 Cr	6569.32 Cr	7672.99 Cr
Other Appropriation	-19.78 Cr	-76.96 Cr	251.45 Cr	266.34 Cr
Equity Dividend %	100	350	350	450
Earnings Per Share	6.7	23.15	22.45	30.61
Adjusted EPS	6.7	23.15	22.45	30.61

Consolidated Standalone

CONSOLIDATED CASH FLOW FOR BHARAT FORGE LIMITED

Year End	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Profit Before Tax	4.52 Cr	1413.53 Cr	860.38 Cr	1433.68 Cr
Adjustment	725.24 Cr	671.7 Cr	887.66 Cr	1172.83 Cr
Changes In working Capital	383.66 Cr	-1226.86 Cr	-36.34 Cr	-423.6 Cr
Cash Flow after changes in Working Capital	1113.42 Cr	858.38 Cr	1711.7 Cr	2182.91 Cr
Cash Flow from Operating Activities	1020.02 Cr	505.85 Cr	1294.47 Cr	1664.39 Cr
Cash Flow from Investing Activities	-1511.06 Cr	-690.05 Cr	-1671.33 Cr	-666.75 Cr
Cash Flow from Financing Activitie	578.3 Cr	310.17 Cr	280.27 Cr	-202.69 Cr
Net Cash Inflow / Outflow	87.26 Cr	125.96 Cr	-96.6 Cr	794.96 Cr
Opening Cash & Cash Equivalents	312.62 Cr	447.32 Cr	558.42 Cr	508.71 Cr
Cash & Cash Equivalent of Subsidiaries under liquidations	0	0	1.39 Cr	0
Effect of Foreign Exchange Fluctuations	47.44 Cr	-14.86 Cr	45.5 Cr	11.64 Cr
Closing Cash & Cash Equivalent	447.32 Cr	558.42 Cr	508.71 Cr	1315.31 Cr

STANDALONE CASH FLOW FOR BHARAT FORGE LIMITED

Year End	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Profit Before Tax	414.91 Cr	1395.94 Cr	1382.75 Cr	1895.23 Cr
Adjustment	295.92 Cr	272.22 Cr	564.03 Cr	600.24 Cr
Changes In working Capital	181.82 Cr	-1048.1 Cr	-763.06 Cr	39.68 Cr
Cash Flow after changes in Working Capital	892.64 Cr	620.07 Cr	1183.72 Cr	2535.15 Cr
Cash Flow from Operating Activities	813.74 Cr	275.45 Cr	788.26 Cr	2091.56 Cr
Cash Flow from Investing Activities	-1129.95 Cr	-248.68 Cr	-600.79 Cr	-808.77 Cr
Cash Flow from Financing Activitie	368.49 Cr	74.73 Cr	-172.28 Cr	-640.51 Cr
Net Cash Inflow / Outflow	52.28 Cr	101.5 Cr	15.19 Cr	642.28 Cr
Opening Cash & Cash Equivalents	223.63 Cr	275.91 Cr	377.77 Cr	397.72 Cr
Effect of Foreign Exchange Fluctuations	0	35.6 Lk	4.76 Cr	1.29 Cr
Closing Cash & Cash Equivalent	275.91 Cr	377.77 Cr	397.72 Cr	1041.29 Cr

Consolidated Standalone

CONSOLIDATED BALANCE SHEET FOR BHARAT FORGE LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Share Capital	93.13 Cr	93.13 Cr	93.13 Cr	93.13 Cr
Equity - Authorised	195 Cr	195 Cr	195 Cr	195 Cr
Equity - Issued	93.15 Cr	93.15 Cr	93.15 Cr	93.15 Cr
Equity Paid Up	93.12 Cr	93.12 Cr	93.12 Cr	93.12 Cr
Equity Shares Forfeited	90,000	90,000	90,000	90,000
Face Value	2	2	2	2
Total Reserves	5321.99 Cr	6475.92 Cr	6608.66 Cr	7064.32 Cr
Securities Premium	693.09 Cr	693.09 Cr	693.09 Cr	693.09 Cr
Capital Reserves	1.3 Cr	1.3 Cr	1.55 Cr	1.55 Cr
Profit & Loss Account Balance	3976.42 Cr	5084.16 Cr	5114.04 Cr	5675.76 Cr
General Reserves	323.05 Cr	323.05 Cr	323.05 Cr	323.05 Cr
Reserve excluding Revaluation Reserve	5321.99 Cr	6475.92 Cr	6608.66 Cr	7064.32 Cr
Shareholder's Funds	5415.12 Cr	6570.67 Cr	6705.53 Cr	7170.18 Cr
Minority Interest	31.7 Cr	56.08 Cr	36.07 Cr	-4.88 Cr
Secured Loans	99.2 Lk	486.69 Cr	459.54 Cr	448.03 Cr
Term Loans - Banks	37.9 Lk	486.69 Cr	545.05 Cr	623.22 Cr
Unsecured Loans	2216.17 Cr	1300.65 Cr	1291.73 Cr	1410.95 Cr
Long Term Loan in Foreign Currency	2135.86 Cr	803.72 Cr	912.43 Cr	410.24 Cr
Loans - Banks	0	0	288.55 Cr	703.89 Cr
Deferred Tax Assets / Liabilities	144.51 Cr	171.81 Cr	65.8 Cr	3.88 Cr
Deferred Tax Assets	131.02 Cr	163.01 Cr	201.03 Cr	258.2 Cr
Deferred Tax Liability	275.54 Cr	334.82 Cr	266.83 Cr	262.08 Cr
Other Long Term Liabilities	569.25 Cr	615.63 Cr	1257.96 Cr	694.99 Cr
Long Term Provisions	192.31 Cr	176.07 Cr	141.17 Cr	180.68 Cr
Total Non-Current Liabilities	3123.23 Cr	2750.86 Cr	3216.2 Cr	2738.54 Cr
Trade Payables	1206.84 Cr	1631.37 Cr	2151.34 Cr	2262.12 Cr
Sundry Creditors	1206.84 Cr	1631.37 Cr	2151.34 Cr	2262.12 Cr
Other Current Liabilities	789.34 Cr	1001.86 Cr	1633.36 Cr	1801.93 Cr
Advances received from customers	70.89 Cr	95.92 Cr	370.22 Cr	626.73 Cr
Interest Accrued But Not Due	25.72 Cr	15.18 Cr	55.31 Cr	56.46 Cr
Current maturity of Debentures & Bonds	0	0	99.92 Cr	149.34 Cr
Short Term Borrowings	2362.59 Cr	3339.44 Cr	4353.41 Cr	5005.14 Cr
Secured ST Loans repayable on Demands	2170.38 Cr	2917.81 Cr	3621.71 Cr	4187.73 Cr
Working Capital Loans- Sec	2170.38 Cr	2917.81 Cr	3621.71 Cr	4187.73 Cr
Short Term Provisions	158.96 Cr	141.55 Cr	138.75 Cr	210.92 Cr
Provision for Tax	50.68 Cr	49.9 Cr	48.62 Cr	60.9 Cr
Provision for post retirement benefits	35.06 Cr	15.32 Cr	1.14 Cr	1.4 Cr
Total Current Liabilities	4517.73 Cr	6114.22 Cr	8276.86 Cr	9280.11 Cr
Total Liabilities	13087.8 Cr	15491.8 Cr	18234.7 Cr	19184 Cr
Gross Block	7708 Cr	8239.96 Cr	10267.6 Cr	11215.1 Cr
Less: Accumulated Depreciation	2949.87 Cr	3361.59 Cr	4107.03 Cr	4906.04 Cr
Less: Impairment of Assets	8.45 Cr	8.68 Cr	0	0
Net Block	4749.68 Cr	4869.7 Cr	6160.62 Cr	6309.09 Cr
Capital Work in Progress	900.11 Cr	1124.75 Cr	696.39 Cr	976.86 Cr
Non Current Investments	529.87 Cr	696.02 Cr	1518.77 Cr	823.5 Cr
Long Term Investment	529.87 Cr	696.02 Cr	1518.77 Cr	823.5 Cr
Quoted	96.73 Cr	61.74 Cr	185.69 Cr	141.71 Cr
Unquoted	480.76 Cr	634.31 Cr	1333.1 Cr	681.82 Cr
Long Term Loans & Advances	464.4 Cr	568.21 Cr	745.24 Cr	932.48 Cr
Other Non Current Assets	229.27 Cr	302.18 Cr	106.56 Cr	111.84 Cr
Total Non-Current Assets	6873.34 Cr	7560.87 Cr	9232.64 Cr	9168.44 Cr
Currents Investments	2077.18 Cr	1908.02 Cr	1050.06 Cr	1025.48 Cr
Quoted	426.28 Cr	301.75 Cr	144.08 Cr	321.45 Cr
Unquoted	480.76 Cr	634.31 Cr	1333.1 Cr	681.82 Cr
Inventories	1793.94 Cr	2710.46 Cr	3126.25 Cr	3216.08 Cr
Raw Materials	311.14 Cr	634.97 Cr	725.66 Cr	748.29 Cr
Work-in Progress	594.7 Cr	777.75 Cr	956.41 Cr	1045.54 Cr
Finished Goods	594.03 Cr	1042.2 Cr	541.52 Cr	375.18 Cr
Stores and Spare	194.52 Cr	193.38 Cr	221.82 Cr	284.8 Cr
Sundry Debtors	1409.58 Cr	2162.29 Cr	3087.46 Cr	3167.15 Cr
Debtors more than Six months	0	55.23 Cr	130.25 Cr	195.42 Cr
Debtors Others	1440.26 Cr	2139.13 Cr	2997.62 Cr	3043.97 Cr
Cash and Bank	472.86 Cr	603.02 Cr	1039.52 Cr	1689.92 Cr
Cash in hand	24 Lk	14.52 Cr	25.8 Lk	23.7 Lk
Balances at Bank	472.62 Cr	588.5 Cr	1039.26 Cr	1689.68 Cr
Other Current Assets	222.32 Cr	211.4 Cr	312.96 Cr	361.49 Cr
Interest accrued on Investments	3.51 Cr	7.26 Cr	0	0
Interest accrued and or due on loans	0	0	2.28 Cr	5.34 Cr
Short Term Loans and Advances	238.57 Cr	335.77 Cr	385.77 Cr	555.39 Cr
Advances recoverable in cash or in kind	102.97 Cr	162.54 Cr	135.76 Cr	161.94 Cr
Total Current Assets	6214.44 Cr	7930.96 Cr	9002.02 Cr	10015.5 Cr
Net Current Assets (Including Current Investments)	1696.71 Cr	1816.74 Cr	725.16 Cr	735.4 Cr
Total Assets	13087.8 Cr	15491.8 Cr	18234.7 Cr	19184 Cr
Contingent Liabilities	148.97 Cr	153 Cr	492.18 Cr	559.33 Cr
Total Debt	4995.37 Cr	5654.54 Cr	6797.02 Cr	7465.61 Cr
Book Value	116.31	141.09	143.94	0
Adjusted Book Value	116.31	141.09	143.94	153.73

STANDALONE BALANCE SHEET FOR BHARAT FORGE LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Share Capital	93.13 Cr	93.13 Cr	93.13 Cr	93.13 Cr
Equity - Authorised	195 Cr	195 Cr	195 Cr	195 Cr
Equity - Issued	93.15 Cr	93.15 Cr	93.15 Cr	93.15 Cr
Equity Paid Up	93.12 Cr	93.12 Cr	93.12 Cr	93.12 Cr
Equity Shares Forfeited	90,000	90,000	90,000	90,000
Face Value	2	2	2	2
Total Reserves	5855.5 Cr	7016.65 Cr	7606.87 Cr	8475.65 Cr
Securities Premium	693.09 Cr	693.09 Cr	693.09 Cr	693.09 Cr
Capital Reserves	1.3 Cr	1.3 Cr	1.55 Cr	1.55 Cr
Profit & Loss Account Balance	4632.58 Cr	5717.51 Cr	6248.04 Cr	7290.26 Cr
General Reserves	323.05 Cr	323.05 Cr	323.05 Cr	323.05 Cr
Reserve excluding Revaluation Reserve	5855.5 Cr	7016.65 Cr	7606.87 Cr	8475.65 Cr
Shareholder's Funds	5948.63 Cr	7109.78 Cr	7700 Cr	8568.78 Cr
Secured Loans	67 Lk	0	0	0
Unsecured Loans	1760.26 Cr	1300.65 Cr	1203.18 Cr	1282.06 Cr
Long Term Loan in Foreign Currency	1559.16 Cr	803.72 Cr	864.7 Cr	410.24 Cr
Loans - Banks	0	0	200 Cr	575 Cr
Deferred Tax Assets / Liabilities	234.58 Cr	288.79 Cr	200.01 Cr	152.35 Cr
Deferred Tax Assets	36.71 Cr	45.67 Cr	66.62 Cr	172.75 Cr
Deferred Tax Liability	271.29 Cr	334.46 Cr	266.63 Cr	325.11 Cr
Other Long Term Liabilities	177.18 Cr	239.99 Cr	384.64 Cr	326.5 Cr
Long Term Provisions	46.58 Cr	31.31 Cr	22.03 Cr	53.78 Cr
Total Non-Current Liabilities	2219.26 Cr	1860.73 Cr	1809.86 Cr	1814.7 Cr
Trade Payables	800.92 Cr	966.99 Cr	1212.67 Cr	1287.12 Cr
Sundry Creditors	800.92 Cr	966.99 Cr	1212.67 Cr	1287.12 Cr
Other Current Liabilities	492.78 Cr	700.58 Cr	756.18 Cr	692.47 Cr
Advances received from customers	63.44 Cr	92.03 Cr	56.13 Cr	87.74 Cr
Interest Accrued But Not Due	20.63 Cr	20.31 Cr	34.71 Cr	26.99 Cr
Current maturity of Debentures & Bonds	0	0	99.92 Cr	149.34 Cr
Short Term Borrowings	1556.02 Cr	2121.55 Cr	2638.63 Cr	2689.21 Cr
Secured ST Loans repayable on Demands	1327.12 Cr	1706.76 Cr	1908.73 Cr	2644.28 Cr
Working Capital Loans- Sec	1327.12 Cr	1706.76 Cr	1908.73 Cr	2644.28 Cr
Short Term Provisions	96.94 Cr	81.23 Cr	76.77 Cr	135.37 Cr
Provision for Tax	48.83 Cr	34.66 Cr	29.75 Cr	37.16 Cr
Provision for post retirement benefits	0	0	0	1.25 Cr
Total Current Liabilities	2946.66 Cr	3870.34 Cr	4684.25 Cr	4804.16 Cr
Total Liabilities	11114.5 Cr	12840.9 Cr	14194.1 Cr	15187.6 Cr
Gross Block	5248.98 Cr	5414.46 Cr	5776.31 Cr	6129 Cr
Less: Accumulated Depreciation	1789.96 Cr	2113.34 Cr	2538.62 Cr	2972.6 Cr
Net Block	3459.01 Cr	3301.12 Cr	3237.7 Cr	3156.41 Cr
Capital Work in Progress	269.92 Cr	248.01 Cr	303.23 Cr	376.04 Cr
Non Current Investments	1495.86 Cr	2000.34 Cr	3526.4 Cr	3456.12 Cr
Long Term Investment	1495.86 Cr	2000.34 Cr	3526.4 Cr	3456.12 Cr
Quoted	107.61 Cr	98.58 Cr	185.69 Cr	141.71 Cr
Unquoted	1617.83 Cr	2042.33 Cr	3479.63 Cr	3466.67 Cr
Long Term Loans & Advances	431.04 Cr	547.4 Cr	671 Cr	513.49 Cr
Other Non Current Assets	223.69 Cr	292.43 Cr	69.53 Cr	82.44 Cr
Total Non-Current Assets	5879.52 Cr	6389.3 Cr	7808.15 Cr	7584.78 Cr
Currents Investments	2073.47 Cr	1899.49 Cr	752.7 Cr	1008.98 Cr
Quoted	422.57 Cr	294.3 Cr	144.08 Cr	321.45 Cr
Unquoted	1617.83 Cr	2042.33 Cr	3479.63 Cr	3466.67 Cr
Inventories	874.86 Cr	1111.06 Cr	1263.84 Cr	1329.48 Cr
Raw Materials	239.18 Cr	381.04 Cr	473.11 Cr	481.25 Cr
Work-in Progress	371.2 Cr	393.53 Cr	438.36 Cr	508.6 Cr
Finished Goods	146.9 Cr	212.28 Cr	99.11 Cr	76.48 Cr
Stores and Spare	99.98 Cr	99.64 Cr	93.05 Cr	99.58 Cr
Sundry Debtors	1580.38 Cr	2481.05 Cr	3243.37 Cr	3618.18 Cr
Debtors more than Six months	0	37.26 Cr	89.28 Cr	130.64 Cr
Debtors Others	1604.24 Cr	2472.6 Cr	3187.67 Cr	3522.92 Cr
Cash and Bank	280.13 Cr	382.84 Cr	402.37 Cr	1053.92 Cr
Cash in hand	5.9 Lk	4 Lk	6.8 Lk	7.6 Lk
Balances at Bank	280.07 Cr	382.8 Cr	402.3 Cr	1053.84 Cr
Other Current Assets	224.25 Cr	296.49 Cr	183.57 Cr	143.74 Cr
Interest accrued on Investments	4.37 Cr	6.83 Cr	0	0
Interest accrued and or due on loans	0	0	2.28 Cr	5.34 Cr
Short Term Loans and Advances	201.95 Cr	280.62 Cr	540.11 Cr	448.58 Cr
Advances recoverable in cash or in kind	81.66 Cr	111.99 Cr	155.58 Cr	156.03 Cr
Due From Subsidiaries	0	0	183.21 Cr	26.32 Cr
Total Current Assets	5235.03 Cr	6451.55 Cr	6385.95 Cr	7602.87 Cr
Net Current Assets (Including Current Investments)	2288.37 Cr	2581.21 Cr	1701.7 Cr	2798.71 Cr
Total Assets	11114.5 Cr	12840.9 Cr	14194.1 Cr	15187.6 Cr
Contingent Liabilities	579.1 Cr	671.8 Cr	370.52 Cr	461.54 Cr
Total Debt	3611.73 Cr	3899.19 Cr	4400.91 Cr	4397.57 Cr
Book Value	127.77	152.7	165.38	0
Adjusted Book Value	127.77	152.7	165.38	184.04

Consolidated Standalone

FINANCIAL RATIOS (CONSOLIDATED) FOR BHARAT FORGE LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	-2.71	23.23	11.35	20.43
CEPS(Rs)	10.88	39.53	26.72	37.77
DPS(Rs)	2	7	7	9
Book NAV/Share(Rs)	116.31	141.09	143.94	153.73
Tax Rate(%)	2245.84	21.47	38.52	36.75
Margin Ratios
Core EBITDA Margin(%)	13.47	18.81	13.15	16.17
EBIT Margin(%)	1.77	15.05	8.7	12.23
Pre Tax Margin(%)	0.07	13.51	6.39	9.1
PAT Margin (%)	-1.53	10.61	3.93	5.75
Cash Profit Margin (%)	8	17.59	9.61	11.12
Performance Ratios
ROA(%)	-0.79	7.77	3.01	4.86
ROE(%)	-1.82	18.53	7.66	13.13
ROCE(%)	1.12	13.91	8.75	13.75
Asset Turnover(x)	0.52	0.73	0.77	0.85
Sales/Fixed Asset(x)	0.9	1.31	1.4	1.47
Working Capital/Sales(x)	3.73	5.76	17.85	21.51
Efficiency Ratios
Fixed Capital/Sales(x)	1.11	0.76	0.72	0.68
Receivable days	83.63	62.31	74.01	72.16
Inventory Days	101.63	78.58	82.29	73.17
Payable days	72	122.86	115.8	109.15
Valuation Parameters
PER(x)	0	30.21	67.86	55.29
PCE(x)	54.78	17.76	28.82	29.91
Price/Book(x)	5.13	4.97	5.35	7.35
Yield(%)	0.34	1	0.91	0.8
EV/Net Sales(x)	5.09	3.61	3.22	3.72
EV/Core EBITDA(x)	31.58	17.06	21.45	20.92
EV/EBIT(x)	287.56	23.97	36.97	30.17
EV/CE(x)	2.47	2.44	2.28	3.99
M Cap / Sales	4.38	3.12	2.78	3.35
Growth Ratio
Net Sales Growth(%)	-21.35	65.1	23.41	21.47
Core EBITDA Growth(%)	-21.26	114.61	-12.27	43.77
EBIT Growth(%)	-83.39	1302.19	-26.96	71.88
PAT Growth(%)	-124.73	1244.51	-52.8	79.03
EPS Growth(%)	-136.13	955.96	-51.16	80.01
Financial Stability Ratios
Total Debt/Equity(x)	0.92	0.86	1.01	1.04
Current Ratio(x)	1.38	1.3	1.09	1.08
Quick Ratio(x)	0.98	0.85	0.71	0.73
Interest Cover(x)	1.04	9.81	3.77	3.9
Total Debt/Mcap(x)	0.18	0.17	0.19	0.14

FINANCIAL RATIOS (STANDALONE) FOR BHARAT FORGE LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	6.7	23.15	22.45	30.61
CEPS(Rs)	14.57	31.99	31.6	40.1
DPS(Rs)	2	7	7	9
Book NAV/Share(Rs)	127.77	152.7	165.38	184.04
Tax Rate(%)	24.78	22.79	24.39	24.81
Margin Ratios
Core EBITDA Margin(%)	19.93	26.66	24.06	27.1
EBIT Margin(%)	13.5	24.03	20.86	23.96
Pre Tax Margin(%)	11.36	22.32	18.07	20.8
PAT Margin (%)	8.55	17.23	13.67	15.64
Cash Profit Margin (%)	18.57	23.82	19.23	20.49
Performance Ratios
ROA(%)	3	9	7.73	9.7
ROE(%)	5.52	16.51	14.12	17.52
ROCE(%)	5.43	14.62	13.81	17.41
Asset Turnover(x)	0.35	0.52	0.57	0.62
Sales/Fixed Asset(x)	0.76	1.17	1.37	1.53
Working Capital/Sales(x)	1.6	2.42	4.5	3.26
Efficiency Ratios
Fixed Capital/Sales(x)	1.32	0.85	0.73	0.65
Receivable days	161.7	118.51	136.56	137.46
Inventory Days	81.59	57.95	56.66	51.95
Payable days	84.14	126.4	121.15	119.11
Valuation Parameters
PER(x)	88.94	30.32	34.3	36.9
PCE(x)	40.93	21.94	24.37	28.17
Price/Book(x)	4.67	4.6	4.66	6.14
Yield(%)	0.34	1	0.91	0.8
EV/Net Sales(x)	8.51	5.79	5.26	6.24
EV/Core EBITDA(x)	35.81	19.22	19.33	21.18
EV/EBIT(x)	63.08	24.08	24.98	25.62
EV/CE(x)	2.8	2.82	2.81	4.31
M Cap / Sales	7.6	5.22	4.73	5.86
Growth Ratio
Net Sales Growth(%)	-19.99	71.29	21.07	18.43
Core EBITDA Growth(%)	-26.21	116.94	9.47	28.06
EBIT Growth(%)	-33.19	205.03	6.13	36.81
PAT Growth(%)	-34.09	245.35	-3	36.3
EPS Growth(%)	-34.09	245.35	-3	36.3
Financial Stability Ratios
Total Debt/Equity(x)	0.61	0.55	0.57	0.51
Current Ratio(x)	1.78	1.67	1.36	1.58
Quick Ratio(x)	1.48	1.38	1.09	1.31
Interest Cover(x)	6.33	14.01	7.5	7.59
Total Debt/Mcap(x)	0.13	0.12	0.12	0.08

SHARE HOLDING PATTERN FOR BHARAT FORGE LIMITED

Date	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters %	45.25	45.25	45.25	45.25	45.25	45.25	45.25	45.25	45.25	45.25
FII %	18.82	19.30	17.88	16.17	15.79	16.28	16.60	16.48	17.04	18.72
DII %	0.09	0.11	0.22	0.34	0.19	0.26	0.29	0.26	0.26	0.27
Public %	11.44	10.72	10.59	10.69	10.16	10.34	10.21	10.03	9.58	9.55

PEER COMPARISON FOR BHARAT FORGE LIMITED

No.	Name
1	Bharat Forge Limited
2	Kalyani Forge Limited
3	MM Forgings Limited
4	EL FORGE LTD
5	Ramkrishna Forgings Limited
6	CIE Automotive India Limited
7	Hilton Metal Forging Limited
8	LGB Forge Limited
9	Sanghvi Forging and Engineering Limited
10	Tirupati Forge Limited

CORPORATE ACTIONS FOR BHARAT FORGE

Exchange Date	Purpose	Book Closure Dates
BSE 31-Jul-2024	Board Meeting - Quarterly Results	08-Aug-2024
BSE 08-May-2024	AGM - Inter alia, approved:- 1. Recommended a final dividend of Rs. 6.50 per equity share of the face value of Rs. 2/- each (at the rate of 325%) for the financial year ended March 31, 2024, subject to approval of the Members of the Company at the ensuing Annual General Meeting. The final dividend for the financial year ended March 31, 2024, if approved by members, will be paid on or after August 14, 20...	09-Aug-2024
BSE 08-May-2024	Dividend - Rs.6.5000 per share(325%)Final Dividend
BSE 26-Apr-2024	Board Meeting - Audited Results & Final Dividend	08-May-2024
BSE 05-Mar-2024	SAST - Investment in Bharat Forge Global Holding GmbH
BSE 23-Feb-2024	Dividend - Rs.2.5000 per share(125%)Interim Dividend
BSE 01-Feb-2024	Board Meeting - Quarterly Results	12-Feb-2024
BSE 27-Oct-2023	Board Meeting - Quarterly Results	06-Nov-2023
BSE 26-Jul-2023	Board Meeting - Quarterly Results	09-Aug-2023
BSE 05-May-2023	Dividend - Rs.5.5000 per share(275%)Final Dividend
BSE 27-Apr-2023	Board Meeting - Final Dividend & Audited Results	05-May-2023
BSE 30-Jan-2023	Board Meeting - Quarterly Results	14-Feb-2023
BSE 24-Nov-2022	Dividend - Rs.1.5000 per share(75%)Interim Dividend
BSE 21-Oct-2022	Board Meeting - Quarterly Results	14-Nov-2022
BSE 28-Jul-2022	Board Meeting - Quarterly Results	11-Aug-2022
BSE 16-May-2022	AGM - Inter alia, approved: 1. Recommended a final dividend of Rs. 5.50 per equity share of the face value of Rs. 2/- each (at the rate of 275 %) for the financial year ended March 31, 2022, subject to approvai of the Members of the Company at the ensuing Annuai General Meeting. The final dividend for the financial year ended March 31, 2022, if approved by member, will pe paid on or after August 19, 202...	12-Aug-2022
BSE 16-May-2022	Dividend - Rs.5.5000 per share(275%)Final Dividend
BSE 02-May-2022	Board Meeting - Audited Results & Final Dividend	16-May-2022
BSE 19-Apr-2022	SAST - Acquisition update regarding Avaada MHVidarbha Private Limited
BSE 08-Mar-2022	SAST - Incorporation of a step-down subsidiary
BSE 24-Feb-2022	SAST - Potential acquisition of JS Auto Cast Foundry India Private Limited, Coimbatore based casting and machining Company through wholly owned subsidiary of the Company.
BSE 10-Feb-2022	SAST - Intimation regarding investment in the equity shares of Avaada MHVidarbha Private Limited for purchase of solar power as a single Captive User
BSE 01-Feb-2022	SAST - Intimation of Acquisition of additional shares of Tevva Motors (Jersey) Ltd pursuant to the conversion of Convertible Loan Note ("CLN").
BSE 31-Jan-2022	Board Meeting - Quarterly Results	10-Feb-2022
BSE 25-Nov-2021	Dividend - Rs.1.5000 per share(75%)Interim Dividend
BSE 01-Nov-2021	Board Meeting - Quarterly Results	12-Nov-2021

CORPORATE ANNOUNCEMENTS FOR BHARAT FORGE

Exchange Date	Category File	Description
BSE 24-Oct-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Intimation of Loss of Share Certificate
BSE 23-Oct-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Intimation of Loss of Share Certificate
BSE 17-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation Details of Conference Call organised by the Company.
BSE 17-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Press Release / Media Release Press Release regarding acquisition of 100% shareholding in AAM India Manufacturing Corporation Private Limited.
BSE 17-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Acquisition Intimation of acquisition of 100% shareholding in AAM India Manufacturing Corporation Private Limited a leading manufacturer of axles for light medium and heavy commercial vehicles in India.
BSE 11-Oct-2024	General Announcements FILE	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 Intimation of Certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended September 30 2024
BSE 11-Oct-2024	General Announcements FILE	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 Intimation of Certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended September 30 2024
BSE 11-Oct-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Intimation of Loss of Share Certificate
BSE 10-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Restructuring Intimation under Regulation 30 of the Listing Regulations.
BSE 10-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Newspaper Publication Copy of Newspaper Publication confirming the dispatch of Postal Ballot Notice of the Company.
BSE 09-Oct-2024	Intimation FILE	Shareholder Meeting / Postal Ballot-Notice of Postal Ballot Intimation of Notice of Postal Ballot as required under Regulation 30 of the Listing Regulations.
BSE 09-Oct-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Intimation of Loss of Share Certificate
BSE 02-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Press Release / Media Release Press Release
BSE 30-Sep-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Cessation Retirement / Cessation of Senior Management Personnel of the Company.
BSE 30-Sep-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Intimation of Loss of Share Certificate
BSE 27-Sep-2024	Intimation FILE	Closure of Trading Window Intimation of closure of Trading Window to deal in securities of the Company.
BSE 27-Sep-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Intimation of Loss of Share Certificate
BSE 25-Sep-2024	General Announcements FILE	Issue Of Corporate Guarantee Issue of Corporate Guarantee
BSE 24-Sep-2024	General Announcements FILE	Update On Litigation Update on litigation
BSE 20-Sep-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Acquisition Acquisition of shares by Company and its subsidiaries
BSE 20-Sep-2024	General Announcements FILE	Transfer Of 50% Equity Stake Held By The Company In Refu Drive Gmbh To Kalyani Powertrain Limited Transfer of 50% equity take held by the Company in Refu Drive GmbH to Kalyani Powertrain Limited
BSE 20-Sep-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Intimation of Issue of Duplicate Share Certificate
BSE 19-Sep-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation Intimation of Schedule of Investor/Analyst Meeting
BSE 13-Sep-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Change in Management Change in Senior Management Personnel.
BSE 07-Sep-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Newspaper Publication Newspaper Notice in respect of Transfer of Equity Shares of the Company to Investor Education and Protection Fund (IEPF)
BSE 06-Sep-2024	General Announcements FILE	Announcement Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 Intimation of Individual Notices sent to shareholders for claiming dividend which are unpaid / unclaimed for seven or more consecutive years and whose shares are liable to be transferred to Investor Education and Protection Fund (IEPF).
BSE 03-Sep-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Cessation Intimation of completion of term of Independent Directors
BSE 30-Aug-2024	General Announcements FILE	Intimation Under Regulation 30 Renewal of guarantee
BSE 29-Aug-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Intimation of Issue of Duplicate Share Certificate
BSE 27-Aug-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation Intimation of Schedule of Analyst/ Institutional Investor Meeting

Exchange Dates	Activity	Qty & Price (%)	Person / Organisation
No Insider trading details found

BULK BLOCK DEALS FOR BHARAT FORGE LIMITED

Exchange Dates	Activity	Qty & Price (%)	Person / Organisation
BSE 03-Nov-2022	Sell BLOCK	371,305 @ 846.30	ISHARES CORE EMERGING MARKETS MAURITIUS CO
BSE 03-Nov-2022	Buy BLOCK	371,305 @ 846.30	ISHARES CORE MSCI EMERGING MARKETS ETF
BSE 25-Oct-2022	Sell BLOCK	199,762 @ 786.35	ISHARES CORE EMERGING MARKETS MAURITIUS CO
BSE 25-Oct-2022	Buy BLOCK	199,762 @ 786.35	ISHARES CORE MSCI EMERGING MARKETS ETF
BSE 17-Oct-2022	Sell BLOCK	313,923 @ 747.80	ISHARES CORE EMERGING MARKETS MAURITIUS CO
BSE 17-Oct-2022	Buy BLOCK	313,923 @ 747.80	ISHARES CORE MSCI EMERGING MARKETS ETF
BSE 11-Oct-2022	Sell BLOCK	306,970 @ 778.15	ISHARES CORE EMERGING MARKETS MAURITIUS CO
BSE 11-Oct-2022	Buy BLOCK	306,970 @ 778.15	ISHARES CORE MSCI EMERGING MARKETS ETF
BSE 19-Sep-2022	Sell BLOCK	208,797 @ 745.80	ISHARES CORE EMERGING MARKETS MAURITIUS CO
BSE 19-Sep-2022	Buy BLOCK	208,797 @ 745.80	ISHARES CORE MSCI EMERGING MARKETS ETF
BSE 01-Aug-2022	Sell BLOCK	302,713 @ 733.00	ISHARES INDIA INDEX MAURITIUS COMPANY
BSE 01-Aug-2022	Buy BLOCK	302,713 @ 733.00	ISHARES MSCI INDIA ETF
BSE 18-Jul-2022	Sell BLOCK	304,530 @ 642.50	ISHARES INDIA INDEX MAURITIUS COMPANY
BSE 18-Jul-2022	Buy BLOCK	304,530 @ 642.50	ISHARES MSCI INDIA ETF
BSE 04-May-2022	Buy BLOCK	378,263 @ 678.45	ISHARES CORE MSCI TOTAL INTERNATIONAL STOCK ETF
BSE 04-May-2022	Sell BLOCK	378,263 @ 678.45	ISHARES CORE TOTAL INTERNATIONAL STOCK MAURITIUS CO
BSE 20-Oct-2021	Sell BLOCK	218,690 @ 791.10	ISHARES EMERGING MARKETS INDEX MAURITIUS CO
BSE 20-Oct-2021	Buy BLOCK	218,690 @ 791.10	ISHARES MSCI EMERGING MARKETS ETF
BSE 11-Oct-2021	Sell BLOCK	218,690 @ 758.60	ISHARES EMERGING MARKETS INDEX MAURITIUS CO
BSE 11-Oct-2021	Buy BLOCK	218,690 @ 758.60	ISHARES MSCI EMERGING MARKETS ETF
BSE 23-Sep-2021	Sell BLOCK	222,596 @ 740.85	ISHARES EMERGING MARKETS INDEX MAURITIUS CO
BSE 23-Sep-2021	Buy BLOCK	222,596 @ 740.85	ISHARES MSCI EMERGING MARKETS ETF
BSE 31-Aug-2021	Buy BLOCK	219,373 @ 759.80	TEACHER RETIREMENT SYSTEM OF TEXAS
BSE 31-Aug-2021	Sell BLOCK	219,373 @ 759.80	TEACHER RETIREMENT SYSTEM OF TEXAS

DIVIDEND BY BHARAT FORGE LIMITED

Ex Dividend Date	Dividend Type	Dividend
18-Feb-2025	INTERIM DIVIDEND	2.5
05-Jul-2024	DIVIDEND	6.5
23-Feb-2024	INTERIM DIVIDEND	2.5
07-Jul-2023	DIVIDEND	5.5
24-Nov-2022	INTERIM DIVIDEND	1.5
14-Jul-2022	DIVIDEND	5.5
25-Nov-2021	INTERIM DIVIDEND	1.5
15-Jul-2021	DIVIDEND	2