Bharat Forge Ltd
BHARATFORG | 500493
₹2129.2
+12.20 (0.58%)
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Bharat Forge Limited (BFL), the Pune based Indian multinational, is a global provider of high performance, innovative, safety & critical components and solutions to various industrial sectors including Automotive, Railways, Power, Defence, Construction & Mining, Aerospace, Marine and Oil & Gas. The company is a part of Kalyani Group and has evolved into a diversified, global conglomerate, engineering critical solutions for automotive and industrial OEMs. Presently, Company is engaged in the manufacturing and selling of forged and machined components including aluminium castings for the auto and industrial sectors. It operate manufacturing facilities at Mundhwa, Baramati, Chakan, Satara and Nellore locations. Bharat Forge Limited was incorporated in 1961. In 1996, the company commenced commercial production. In the year 1995, the company commenced exports to erstwhile USSR by winning a large contract for under carriage components. In the year 1990, they made investment in state-of-art forging technology. Also, they commissioned 16000 MT press line. In the year 1991, the company commenced supply of engine & chassis components to Japan, USA and UK. In the year 2001, the company commissioned their second 16000 MT press line. Also, they acquired the order book of Dand Kirkstall. In the year 2002, they made investment of $ 80 million in Research & Development, Testing & Validation and state-of-the-art Heavy Duty Truck Crankshaft Machining facilities. In November 21, 2003, the company acquired Carl Dan Peddinghus GmbH & Co. KG (CDP) of Germany and with this acquisition, the company emerged as world's second largest forging company. Also, they acquired Imatra Kilsta AB, Sweden & Scottish Stampings, Scotland. In the year 2005, the company signed a joint venture contract with FAW Corporation for their forging business. In September 21, 2005, the company through their wholly owned subsidiary, Bharat Forge Beteiligungs GmbH, Germany, acquired Imatra Kilsta AB, Sweden along with its wholly owned subsidiary, Scottish Stampings Ltd, Scotland (together called Imatra Forging Group), which are now renamed as Bharat Forge Kilsta AB (BF Kilsta) and Bharat Forge Scottish Stampings Ltd, respectively. Also, they acquired Federal Forge now known as Bharat Forge America Inc., which provided the company with a manufacturing presence in USA, one of their largest markets. In the year 2006, the company made investment of $ 100 million to set-up dedicated state-of-the-art forging & machining facilities for non-auto components. In the year 2008, they signed an MoU with NTPC. In August 2008, they commissioned India's Largest Commercial Open Forging Press. Also, the company in association with Alstom formed a joint venture in Indian to manufacture state-of-the-art super critical power plant equipment. In March 2009, the company started operations in the new state-of-the-art 80 Mtr-T counterblow hammer in Baramati for production of heavy forgings for large diesel engines and aerospace applications as well as Machining line for heavy duty. During the year 2009-10, the company incorporated a joint venture (JV) company, BF-NTPC Energy Systems Ltd (BFNESL), with a 51% equity interest held by the company and balance held by NTPC Limited for the manufacture of critical items of Balance of Plants and other equipment for which India still remains dependent on imports. Also, the company set up two joint venture companies in partnership with ALSTOM Power Holdings S.A. for manufacturing sub-critical and supercritical thermal power plant equipment. The two JV companies named ALSTOM Bharat Forge Power Ltd and Kalyani ALSTOM Power Ltd will manufacture turbine and generators for power plants in the 300- 800 MW range and auxiliaries like heat exchangers, condensers and deaeraters, respectively. During the year, the company entered into Preliminary Joint Venture and Shareholders' Agreement with AREVA NP, France, to create a manufacturing facility for heavy forgings and castings for the power sector particularly Nuclear Power segment and other heavy industries in India. In January 2010, the first phase of the capacity creation plan for the non-auto components business was completed with the commissioning of the ring rolling facility at Baramati. Also, they established Kalyani Centre for Technology & Innovation. During the year 2010-11, the company commissioned new vertical heat treatment facility for manufacture of Turbine and Generator Rotors alongwith thermo stability test facility. Also, Ring Rolling Mill in BARAMATI became fully operational and became a supplier of critical rings for different customers specially for Gear Box manufacturers. Also, they company made an additional investment of Rs 150 crore in expanding machining line further for crankshaft machining in Baramati. In 2012, the companie's power equipment joint-venture with Alstom bags Rs. 1,570 crore order from NTPC Ltd. In 2013, NTPC orders three supercritical turbine islands from Alstom-Bharat. Bharat Forge, Alstom Power JV bags Rs 2,251 cr order from NTPC. In 2014, there was a amalgamation of Joint Venture Companies -'Safran and Bharat Forge to form partnership to address opportunities in Indian civil and military aerospace'. The Kalyani Group Sign a Strategic Partnership for the Air Defence of India In 2015, High Tech Rail Component Manufacturing Facility at Bharat Forge Centre for Advanced Manufacturing, Baramati was inaugurated. Also during the year, production began at Alstom-Bharat Forge's new turbine and generator manufacturing facility in India. The company awarded Recognition Prize - Energy Efficiency Award 2015. Also during the year, the company announced the acquisition of Oil & Gas Machining Company, Mecanique Generale Langroise (MGL) in France. During the year, Bharat Forge formalized a significant supply agreement for long term co-operation with Rolls-Royce. On 17 February 2016, Boeing and Bharat Forge (BFL) announced the first shipment of titanium flap-track forgings made by the Indian supplier for Boeing's Next-Generation 737. Bharat Forge will also supply forgings for the 737 MAX, scheduled to enter into service in 2017. The companies continue to address opportunities to expand BFL work in support of Boeing and its supply chain partners around the world. BFL also intends to expand its capabilities to offer higher value machining and manufacture of assemblies. On 29 March 2016, Bharat Forge announced that the company has teamed up with US based AM General LLC to bid for India's Light Specialist Vehicle (LSV) program using AM General's battle-tested HMMWV as the LSV's base platform - with final build and production to take place in India. The teaming between the two companies will lead to providing cost effective and best-in-class mobility solutions for Indian Armed Forces. On 26 April 2016, Bharat Forge announced that Boeing has awarded a contract to the company for titanium forgings for the Boeing 777X. The titanium forgings will be developed and manufactured by Bharat Forge using a closed die forging process. On 7 June 2016, Bharat Forge announced that its joint venture with GE viz. Alstom Bharat Forge Power Private Ltd. (ABFPPL) has won a contract worth $219 million approximately from NTPC. ABFPPL will supply two units of 800 MW ultra-supercritical Steam Turbine Generator Islands, on EPC basis, along with related civil work for the Telangana Super Thermal Power Project Phase-1. On 8 November 2016, Bharat Forge announced that its Board of Directors has approved divestment of its 49% stake in the power equipment JV with Alstom, Alstom Bharat Forge Power Private Limited (ABFPL) for US$ 35 million. The JV incorporated in Delhi with its manufacturing facility at Sanand was formed in 2009 to address opportunities arising from the expansion in the Indian power sector. On 18 November 2016, the Finance & Risk Management Committee constituted by the Board of Directors of Bharat Forge Limited (BFL) approved the proposed acquisition of 100% shareholding of Walker Forge Tennessee LLC (WFT) through the company's US subsidiary, Bharat Forge America. WFT is a leading supplier of complex, steel and high-alloy steel, engine & chassis components to a diverse group of customers across Automotive & Industrial sectors. The transaction value is US$ 14 million which will be funded through internal accruals & debt. This proposed acquisition is focused on establishing BFL's manufacturing footprint in North America and on increasing BFL's product offering into the Passenger Car and Commercial Vehicle segments as well into industrial sectors such as Construction & Mining and allied industries. This will also enable BFL to expand its presence in North America. Kalyani Rafael Advanced Systems (KRAS), a Joint Venture between Kalyani Strategic Systems Ltd., a subsidiary of Bharat Forge, and Rafael Advanced Defense Systems Ltd. of Israel, inaugurated their state-of-the-art facility at Hyderabad on 3 August 2017. KRAS would be India's first private sector advanced defence sub-systems manufacturing entity. Spread across an area of 24,000 sq.ft., the facility will enable production of high-end technology systems for Indian Armed Forces. It will be engaged in development of a wide range of advanced capabilities like Command Control and Guidance, Electro-Optics, Remote Weapon Systems, Precision Guided Munitions and System Engineering for System Integration. The facility will also target to export products to other countries. The Board of Directors of Bharat Forge (BFL) at its meeting held on 10 August 2017 approved acquisition of the entire remaining 40% stake in its subsidiary company - Analogic Controls India Limited (ACIL). Upon acquisition, ACIL will become a wholly owned subsidiary of the company. ACIL is engaged in the design and development of reliable onboard/ground systems, safety arming mechanism, launcher relay unit, reliable electronic systems and sub-systems for mission critical applications. ACIL offers products and services for mission technologies of national importance in Defence, Aerospace, Communications and Industrial Electronics. ACIL clocked turnover of Rs 7.34 crore in FY 2016-17. BFL, the erstwhile promoters of ACIL and ACIL had entered into a Share Subscription Agreement and Shareholders' Agreements on 23 April 2013 and 18 June 2013 respectively, for acquiring 60% stake in ACIL by BFL. The Board of Bharat Forge at its meeting held on 10 August 2017 also recommended issue of bonus shares to the holders of equity shares of the company in the ratio of 1:1. Further On October 3, 2017, the Company had issued bonus shares, in the proportion of 1:1 i.e. 1 (one) bonus equity share of Rs 2/- each for every 1 (one) fully paid-up equity share. Accordingly the Company has allotted 232,794,316 Equity shares of Rs 2/- each fully paid-up, to the shareholders of the Company. On 10 August 2017, Bharat Forge announced that it has secured its maiden order from the Ministry of Defence to supply 1,050 Dual Technology Detection Equipment. The order worth Rs 201.60 crore, will be manufactured in India and is to be concluded within two years. On 17 January 2018, Bharat Forge announced that it has opened a Research & Development facility in UK, in MIRA Technology Park, the UK's leading automotive technology park and Enterprise Zone, where it will be developing components & sub-systems focused on Electric Vehicles. This facility will complement the capabilities & knowledge established over the past 2 years in Kalyani Centre for Technology & Innovation (KCTI) & Kalyani Centre for Manufacturing Innovation (KCMI) in Pune focused on delivering solutions for Electric Vehicles. On 8 February 2018, Bharat Forge announced strategic investment of upto Rs 30 crore for eventual stake of 45% in an EV startup, Tork Motorcycles. Bharat Forge is making a strategic investment in Tork Motorcycles as a part of its overall E-Mobility powertrain development. Tork's strength lies in its in-house team that has designed, developed and built the complete electric motorcycle. Their knowledge in the overall EV powertrain development will help Bharat Forge gain access to technologies in personal E-mobility space. Accordingly, the Company has acquired first tranche of 30.37%. TORK Motors is an electric drive train company mainly focused on electrical two wheeler and/or premium electric motor cycle. During the FY2018,the Company has purchased remaining 40% shares of Analogic Control India Limited (ACIL), from its erstwhile promoters. With this acquisition, ACIL became a WhollyOwned Subsidiary of the Company. Further, during the year the Company has completed the sale of remaining balance equity of 26% in the power equipment Joint Venture, Alstom Bharat Forge Power Private Limited (ABFPPL). With this divestment, the Company has completed its total divestment in ABFPPL. During the year 2017-18,the Company also incorporated a wholly owned subsidiary in Israel viz. Indigeneous IL Limited with an objective of exploring targets in technology, space and also explore tie-ups with universities/tehnology institutions in further upgrading research and development initiatives in various new technologies. As on 31 March 2018,the company had 20 subsidiaries and one associate company under its roof. During the FY2019, the company has generated strong cash flows of Rs 1,225 Million despite committing a Capex of Rs 8,500 Million during the year. In FY'19, the Company installed the first CLWT machine, a 4200 T die-casting machine which is the biggest in India and the 5th largest in the world. Besides this, it acquired customers even before completing the plant construction of the CLWT plant. During the FY2020,the Company promoted and incorporated a wholly-owned subsidiary company in the name of Kalyani Centre for Precision Technology Limited (KCPTL), to carry out manufacturing activities of auto parts. As on March 31, 2020, the Company has 25 subsidiaries (including step down subsidiaries) and 4 Associate Companies. Capex incurred in the year 2019-20 amounting to Rs 5,164 Million towards forging and machining capacity in Maharashtra. In FY'20, the Company executed the commissioning of CLWT plant. It started localizing electric powertrain for intermediate and Light Commercial Vehicle (ILCV) and 9M Bus segment in India. On July 10, 2020 Bharat Forge Hong Kong (BFHK) Limited, a step down subsidiary of the Group was deregistered and dissolved. The closure of BFHK did not have any material impact on the operations/results of the Group. On March 16, 2021, the Company invested Rs 0.01 million to acquire 100% stake ln equity of Kalyani Powertrain Private Limited to undertake various initiative for e-mobility business. On May 06, 2021, the Company invested Rs 0.10 million to acquire 100% stake in equity of BF Industrial Solutions Private Limited (formerly known as Nouveau Power & Infrastructure Private limited) as a special purpose vehicle (SPV) for implementation of approved resolution plan of National Company Law Tribunal (the NCLT) for acquisition of Sanghvi Forging & Engineering limited, Baroda in terms of Insolvency and Bankruptcy code, 2016. During FY'21, the Company received prestigious order from a major global OEM for forging and pre-machined components. It completed trials for three - Kalyani M4 vehicle, Kalyani Maverick and Mine Protected Vehicle (MPV). Further trials for JV Protective Carbine (JVPC) and FSAPDS were also completed. It was awarded a contract to supply the Kalyani M4 vehicle. In FY 2022, the Company's subsidiary, Kalyani Powertrain Limited (KPTL) received maiden order for supply of products such as High Voltage High Power DC-DC Convertors, Motor Controllers for 2W applications from an Indian OEM. Its subsidiary company, Tork Motors launched its flagship product line of Electric Motorbike, KRATOS and KRATOS-R which received 2000 orders for these bikes . In FY'22, the Company in collaboration with NASA JPL developed ventilators (FDA approved for emergency use authorization), in and around Pune, which was in great demand during the pandemic. It acquired erstwhile Sanghvi Forging & Engineering Limited (SFEL) for Rs. 900 million. It completed the capex and commercial production at its aluminum forging facility in North Carolina, US. With this, the Company now has two operational aluminum forgings plants; one in the US and the other in Germany. Its Advanced Towed Artillery Gun System (ATAGS), designed by DRDO, has completed its fifth and final firing trials. Apart from this, the Company signed the SPA to acquire Coimbatore-based JS Auto Cast Foundry India. It bagged new business worth Rs. 10,000 Million in FY 2022, bulk of order wins coming from PV & Industrial sectors. In FY'22, the Company productionalized and shipped the Kalyani M4 armored vehicle to Indian Army for UN Peacekeeping mission. Its KM4 armored vehicles became the only one in category to complete desert trials at Rann of Kutch. During the year 2022, it diversified into new areas of Command, Control, Communications, Computers (C4) Intelligence, Surveillance and Reconnaissance (C4ISR) by participating and winning the iDex challenge through subsidiaries and partners. It made strategic investments in Tevva Motors Limited, UK, Tork Motors Pvt Ltd, India and established global 50:50 JV, REFU Drive GmbH with Prettl Group, Germany. During the year 2022-23, the Company subscribed to 26% of paid-up share capital of Avaada MHVidarbha Private Limited on April 19, 2022 and Avaada became an associate of the Company. Kalyani Powertrain Limited (KPL), a WOS of the Company incorporated a WOS in the name, of 'Electroforge Limited' on July 25, 2022 and accordingly, Electroforge Limited was made a step-down subsidiary of the Company. During 2022-23, the Company acquired Coimbatore-based casting and machining company, JS Autocast Foundry India Private Limited (JSA) effective on July 01, 2022. It commenced commercial production at t its aluminum forging facility in North Carolina, US. The Company through BF Infrastructure Limited (BFIL), its WOS got into a Share Purchase Agreement in Feb' 23 with PNC Infratech Limited and Ferrovia Transrail Solutions Private Limited for purchase of 51% shareholding in Ferrovia. The BFIL's shareholding in Ferrovia increased from 49% to 100%, which resulted Ferrovia becoming a WOS of BFIL and a step-down subsidiary of the Company. The Company transferred its stake held in its WOS, Analogic Controls India Limited (ACIL) and its associate Aeron Systems Private Limited to its WOS, Kalyani Strategic Systems Limited (KSSL), and consequently, ACIL became a WOS of KSSL and a step-down subsidiary of the Company. To further consolidate the defence business, with effect from March 10, 2023, ACIL has merged into KSSL. In 2024, the liquid metal capacity at J S Auto Cast increased to 130,000 MT per annum. The Company acquired the SEZ unit of Indo-Shell Mould, located within 3 km of the main Foundry unit at SIPCOT, Coimbatore, making its expansion into automobile castings. In FY 2025, Company made an initial entry into the value chain of high-tech electronics manufacturing - on both the equipment and EMS fronts. It acquired 100% interest in the axles business and the Design Centre located at Pune of AAM India Manufacturing Corporation Private Ltd (AAMIMCPL). Company announced advanced aerospace component facility in Pune for manufacturing aero structure and landing gear components.
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Castings, Forgings & Fastners - Forgings - Large
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Bharat Forge Ltd spurts 1.34%, gains for third straight session
23 Jun 2026
Bharat Forge Ltd is quoting at Rs 2131.9, up 1.34% on the day as on 12:49 IST on the NSE. The stock is up 64.59% in last one year as compared to a 4.46% drop in NIFTY and a 12.35% drop in the Nifty Auto index.
Bharat Forge Ltd is up for a third straight session in a row. The stock is quoting at Rs 2131.9, up 1.34% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.73% on the day, quoting at 23927.6. The Sensex is at 76562.32, down 0.69%. Bharat Forge Ltd has risen around 11.13% in last one month. Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has risen around 0.18% in last one month and is currently quoting at 26703.45, down 0.72% on the day. The volume in the stock stood at 8.44 lakh shares today, compared to the daily average of 11.41 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 2122, up 1.16% on the day. Bharat Forge Ltd is up 64.59% in last one year as compared to a 4.46% drop in NIFTY and a 12.35% drop in the Nifty Auto index. The PE of the stock is 86.4 based on TTM earnings ending March 26. Powered by Capital Market - Live News
Bharat Forge bags Rs 425 crore defence contract from MoD
22 Jun 2026
Bharat Forge has signed a contract worth Rs 425 crore with the Ministry of Defence (MoD) for the supply of Gas Turbine Generators (GTGs) to the Indian Navy for onboard power generation on Kolkata-class warships.
The contract, awarded under the Buy (Indian) category of the Defence Acquisition Procedure (DAP) 2020, is scheduled to be executed over a period of five years. The 1.25 MW generators will replace the lower-capacity units currently deployed on the vessels. The order marks Bharat Forge's entry into the marine gas turbine segment and will lead to the deployment of the first indigenously developed gas turbine-based power plant on Indian Naval ships. Pune-based Bharat Forge is a technology-driven global leader in providing high-performance, innovative safety-critical components and solutions for several sectors, including automotive, power, oil and gas, construction & mining, rail, marine, defense, and aerospace. The company has a global manufacturing footprint with a presence across five countries. The company reported a consolidated net profit of Rs 233.45 crore in Q4 FY26, down 17.4% from Rs 282.62 crore in Q4 FY25. Revenue from operations jumped 17.53% YoY to Rs 4,528.04 crore in Q4 March 2026. Shares of Bharat Forge rose 0.17% to Rs 2,048.40 on the BSE. Powered by Capital Market - Live News
Bharat Forge defence arm KSSL partners AM General for next-gen artillery systems
19 Jun 2026
Bharat Forge announced that its defence subsidiary, Kalyani Strategic Systems, has signed a strategic partnership with AM General, a leading military vehicle mobile defense capabilities solutions provider, at the Eurosatory defence exposition.
The company said the strategic partnership between AM General and Kalyani Strategic Systems (KSSL) addresses the requirements of modern armies in an evolving combat scenario by providing compact, robust, lightweight, rugged, mobile, all-weather, all-terrain next-generation mounted artillery gun platforms with a distinct competitive edge. It added that the collaboration opens up significant global opportunities and is aimed at enabling broader allied distribution, positioning the platform as a scalable and exportable artillery solution for partner nations seeking modern, mobile, and survivable 155mm fire capabilities. As part of the collaboration, AM General has proposed participation in the U.S. Army's Mobile Tactical Cannon (MTC) programme. The proposal includes development and delivery of a 155mm MTC system based on KSSL's mounted artillery gun platform, with potential delivery targeted for 2027, subject to selection. The companies stated that the platform will incorporate advanced features including a 52-calibre 155mm cannon, Soft Recoil Technology (SRT), automated load-assist systems, and an all-weather fire control suite. The system is designed to offer enhanced mobility, reduced recoil stress, and a firing range exceeding 40 km. Amit Kalyani, vice chairman and joint managing director, Bharat Forge, the parent company of KSSL shared, 'Our partnership with AM General is underscored by trust in our advanced artillery capabilities, and confidence in our commitment to delivering leading-edge and combat-proven solutions that meet modern warfare requirements.' John Chadbourne, AM General President and CEO said, 'Working with KSSL signifies our mutual commitment to support our allies and, ultimately, the Warfighter. By integrating the patented soft recoil technology to their state-of-the-art and mature platforms, we will be delivering truly groundbreaking capabilities that can provide an advantage on the evolving battlefield.' At KSSL, we take pride in building designed and made in India, globally benchmarked defence platforms, driven by the purpose of delivering technologically advanced, strategic defence capabilities for India, and the world. Pune-based Bharat Forge is a technology driven global leader in providing high performance, innovative safety critical components and solutions for several sectors including automotive, power, oil and gas, construction & mining, rail, marine, defence and aerospace. The company has a global manufacturing footprint with presence across five countries. The company reported a consolidated net profit of Rs 233.45 crore in Q4 FY26, down 17.4% from Rs 282.62 crore in Q4 FY25. Revenue from operations jumped 17.53% YoY to Rs 4,528.04 crore in Q4 March 2026. The counter rose 0.48% to Rs 2,028.45 on the BSE. Powered by Capital Market - Live News
Bharat Forge climbs as defence arm unveils new artillery gun family at Eurosatory 2026
15 Jun 2026
Bharat Forge jumped 4.19% to Rs 2,026.60 after its wholly owned defence subsidiary, Kalyani Strategic Systems (KSSL), unveiled the MArG series of 155mm mounted artillery guns at Eurosatory 2026 in Paris.
The MArG family comprises three variants - MArG 39, MArG 45 and MArG 52 - built on a common 4'4 wheeled platform. The systems are designed to offer varying combinations of range, mobility and firepower while maintaining platform commonality. KSSL said the artillery systems are designed to provide armed forces with a highly mobile and rapidly deployable firepower solution while reducing logistics requirements compared with heavier tracked and wheeled platforms. The MArG series supports NATO-standard 155mm ammunition, including precision-guided munitions, and is intended for missions such as counter-battery operations, interdiction and fire support. The company showcased the MArG 39 variant at the exhibition. The system features a 155mm/39-calibre gun mounted on a 4'4 high-mobility vehicle and is designed for rapid shoot-and-scoot operations. According to KSSL, the platform can be brought into action in about 1.5 minutes during the day and carries up to 18 rounds of onboard ammunition. Bharat Forge said the new artillery platform is aimed at addressing the requirements of armed forces seeking mobile firepower solutions capable of operating across diverse terrains, including mountainous, desert and urban environments. The unveiling comes amid growing focus on indigenous defence manufacturing and increasing export opportunities for Indian-made military equipment. Kalyani Strategic Systems is the defence arm of the Kalyani Group and develops artillery systems, armoured vehicles, ammunition, small arms, marine platforms and unmanned systems. Pune-based Bharat Forge is a technology driven global leader in providing high performance, innovative safety critical components and solutions for several sectors including automotive, power, oil and gas, construction & mining, rail, marine, defence and aerospace. The company has a global manufacturing footprint with presence across five countries. The company reported a consolidated net profit of Rs 233.45 crore in Q4 FY26, down 17.4% from Rs 282.62 crore in Q4 FY25. Revenue from operations jumped 17.53% YoY to Rs 4,528.04 crore in Q4 March 2026. Powered by Capital Market - Live News
Bharat Forge inks long-term pact with Embraer to supply aerospace components
12 May 2026
Bharat Forge (BFL) announced that it has entered into a long-term contract with Embraer for the manufacturing and supply of critical landing gear forgings.
Under the agreement, the company will supply high-integrity forged components for landing gear systems across Embraer's commercial and defence aircraft programs. The partnership further strengthens Bharat Forge's expanding role in the global aerospace supply chain and strengthens its position as a trusted partner for complex, safety-critical components. Amit B Kalyani, vice chairman & Joint MD, Bharat Forge commented, 'The fact that BFL is the first Indian supplier of forged components for Embraer is a proud moment & a testament to the capabilities we have built in the Aerospace business and we thank them for the trust they have reimposed on BFL. We look forward to growing and adding value to our association with Embraer in the coming years. These contracts will enable to create scale for critical structural components complementing the scale built in the Aero Engine components space.' Bharat Forge manufactures an extensive array of critical and safety components for several sectors, including automobiles (across commercial & passenger vehicles), oil & gas, aerospace, locomotives, marine, energy (across renewable and non-renewable sources), construction, mining, and general engineering. The company reported a consolidated net profit of Rs 233.45 crore in Q4 FY26, down 17.4% from Rs 282.62 crore in Q4 FY25. Revenue from operations jumped 17.53% YoY to Rs 4,528.04 crore in the quarter ended 31 March 2026. The counter shed 0.17% to end at Rs 1,985.15 on the BSE. Powered by Capital Market - Live News
Bharat Forge Q4 PAT slips 17% YoY to Rs 233 cr
7 May 2026
Forged and machined components manufacturer Bharat Forge reported a consolidated net profit of Rs 233.45 crore in Q4 FY26, down 17.4% from Rs 282.62 crore in Q4 FY25.
Revenue from operations jumped 17.53% YoY to Rs 4,528.04 crore in the quarter ended 31 March 2026. Profit before exceptional items and tax stood at Rs 490.86 crore in Q4 FY26, compared with Rs 429.40 crore in Q4 FY25. The company reported an exceptional loss of Rs 98.73 crore during the quarter. EBITDA stood at Rs 773.5 crore in Q4 FY26, registering the growth of 15.26% as compared with Rs 671.1 crore in Q4 FY25. Total expenses rose 17.41% YoY to Rs 4,089.33 crore in Q4 FY26. The cost of material consumed stood at Rs 2,271.81 crore (up 38.93% YoY), finance cost was at Rs 84.40 crore (down 4.09% YoY), and employee benefits expenses stood at Rs 534.62 crore (up 14.29% YoY) during the period under review. Segment-wise, revenue from forgings rose 6.16% to Rs 3,647.99 crore, while the defense segment saw a sharp 46.39% surge to Rs 416.26 crore. The Other segment revenue surged 157.07% to Rs 732.95 crore. The operating margin declined to 17.17% in Q4 FY26 from 17.63% a year ago, while the net profit margin fell to 5.16% from 7.34%. B.N. Kalyani, chairman & managing director of Bharat Forge, said, 'Despite demand challenges and regulatory volatility, the company on a consolidated basis has recorded revenues of Rs 16,812 crore and EBITDA of Rs 2,921 crore, a growth of 11.2% and 5.9%, respectively. At a standalone level, in FY26, revenues came in at Rs 8,396 crore, lower by 5.1%, while EBITDA of Rs 2,312 crore was down 8.4%. Balance sheet strength remains intact with net debt to equity at 0.18x. Q4 FY26 saw an 8.5% QoQ growth in standalone revenue, reaching Rs 2,260 crore, driven by export recovery, while EBITDA grew by 7.2% QoQ to Rs 610 crore, resulting in a margin of 27% and PBT at Rs 486 crore. The company secured new orders worth Rs 4,814 crores in FY26, including Rs 2,816 crores in defense. The order book for Defense stood at Rs 10,961 crore as of FY26. The order wins across businesses reflect a resurgence in business momentum, including in aerospace with the onboarding of new customers across engine, structural, and landing gear components. On the Indian subsidiaries front, JS Autocast registered a topline of Rs 757 crore and EBITDA of Rs 106 crore (14.3% EBITDA margin) in FY26. K-Drive Mobility is making significant progress in its effort to reorient its product portfolio with new order wins beyond M&HCVs, including 4 EV platforms for LCVs. The Rs 450 crore impairment during the quarter of our investments in KPTL (e-mobility division) is an acceptance of the need to take a fresh look at how we address the EV opportunity, as the EV adoption globally has changed significantly. The US & European operations reported modest operating profits despite weak demand. We have initiated the restructuring of the steel business of CDP Bharat Forge and we expect this process to conclude by the end of CY27. The management is pursuing various alternative business opportunities in Europe to leverage its scaled-down manufacturing footprint. Looking ahead into FY27, barring any geopolitical crisis and its impact on demand, we are optimistic of achieving 25% revenue growth with a commensurate increase in EBITDA & profitability for the Indian manufacturing operations driven by execution of orders across business and recovery in the export market.' On a full-year basis, the company's consolidated net profit jumped 19.28% to Rs 1,089.40 crore, while net sales rose 11.17% to Rs 16,811.65 crore in FY26 compared with FY25. Meanwhile, the Board has recommended a final dividend of Rs 6.50 per equity share of face value Rs 2 each (at the rate of 325%) for the financial year ended March 31, 2026, subject to the approval of the members at the ensuing annual general meeting of the company. The final dividend, if approved, will be paid on or after Friday, August 14, 2026. Bharat Forge manufactures an extensive array of critical and safety components for several sectors, including automobiles (across commercial & passenger vehicles), oil & gas, aerospace, locomotives, marine, energy (across renewable and non-renewable sources), construction, mining, and general engineering. Shares of Bharat Forge rose 4.70% to Rs 1,962.25 on the BSE. Powered by Capital Market - Live News
Bharat Forge Ltd soars 0.46%, up for fifth straight session
17 Apr 2026
Bharat Forge Ltd is quoting at Rs 1864.4, up 0.46% on the day as on 12:44 IST on the NSE. The stock is up 70.39% in last one year as compared to a 0.59% spurt in NIFTY and a 20.92% spurt in the Nifty Auto.
Bharat Forge Ltd gained for a fifth straight session today. The stock is quoting at Rs 1864.4, up 0.46% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.29% on the day, quoting at 24267. The Sensex is at 78235, up 0.32%. Bharat Forge Ltd has risen around 3.33% in last one month. Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has risen around 3.1% in last one month and is currently quoting at 26382.75, up 0.04% on the day. The volume in the stock stood at 4.91 lakh shares today, compared to the daily average of 14.54 lakh shares in last one month. The benchmark April futures contract for the stock is quoting at Rs 1856.5, up 0.5% on the day. Bharat Forge Ltd is up 70.39% in last one year as compared to a 0.59% spurt in NIFTY and a 20.92% spurt in the Nifty Auto index. The PE of the stock is 66.35 based on TTM earnings ending December 25.
Bharat Forge Ltd soars 1.22%
15 Apr 2026
Bharat Forge Ltd is quoting at Rs 1823.2, up 1.22% on the day as on 12:49 IST on the NSE. The stock is up 72.8% in last one year as compared to a 3.33% spurt in NIFTY and a 25.3% spurt in the Nifty Auto index.
Bharat Forge Ltd is up for a third straight session in a row. The stock is quoting at Rs 1823.2, up 1.22% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.57% on the day, quoting at 24216.6. The Sensex is at 78059.78, up 1.58%. Bharat Forge Ltd has risen around 7.44% in last one month. Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has risen around 7.76% in last one month and is currently quoting at 26084.55, up 1.62% on the day. The volume in the stock stood at 6.93 lakh shares today, compared to the daily average of 13.99 lakh shares in last one month. The benchmark April futures contract for the stock is quoting at Rs 1821.8, up 0.91% on the day. Bharat Forge Ltd is up 72.8% in last one year as compared to a 3.33% spurt in NIFTY and a 25.3% spurt in the Nifty Auto index. The PE of the stock is 64.46 based on TTM earnings ending December 25.
Bharat Forge board OKs proposal to restructure Germany subsidiary
9 Apr 2026
Bharat Forge said that its board has approved a proposal for phased restructuring of its wholly owned German subsidiary, Bharat Forge CDP GmbH, including a potential orderly wind-down and solvent liquidation under applicable German laws.
The decision follows ongoing market challenges and cost disadvantages faced by the subsidiary in Germany. To support the restructuring process, the Board has approved a financing arrangement of up to EUR 30 million. The company further said that the board has delegated authority to a sub-committee to oversee further evaluation and implementation. Bharat Forge manufactures an extensive array of critical and safety components for several sectors, including automobiles (across commercial & passenger vehicles), oil & gas, aerospace, locomotives, marine, energy (across renewable and non-renewable sources), construction, mining, and general engineering. The company's consolidated net profit rallied 28.21% to Rs 272.80 crore in Q3 FY26 as against Rs 212.78 crore posted in Q3 FY25. Revenue from operations soared 24.96% YoY to Rs 4,342.93 crore in the quarter ended 31 December 2025. The scrip fell 1.55% to currently trade at Rs 1753 on the BSE.
Bharat Forge Ltd spurts 6.21%, gains for third straight session
8 Apr 2026
Bharat Forge Ltd is quoting at Rs 1775.1, up 6.21% on the day as on 12:49 IST on the NSE. The stock is up 83.03% in last one year as compared to a 6.94% spurt in NIFTY and a 29.19% spurt in the Nifty Auto index.
Bharat Forge Ltd is up for a third straight session in a row. The stock is quoting at Rs 1775.1, up 6.21% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 3.58% on the day, quoting at 23952.55. The Sensex is at 77387.3, up 3.71%. Bharat Forge Ltd has dropped around 4.68% in last one month. Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has dropped around 0.21% in last one month and is currently quoting at 24373.3, up 6.76% on the day. The volume in the stock stood at 13.37 lakh shares today, compared to the daily average of 12.79 lakh shares in last one month. The benchmark April futures contract for the stock is quoting at Rs 1787.9, up 6.66% on the day. Bharat Forge Ltd is up 83.03% in last one year as compared to a 6.94% spurt in NIFTY and a 29.19% spurt in the Nifty Auto index. The PE of the stock is 59.76 based on TTM earnings ending December 25.
Bharat Forge Ltd soars 2.77%
18 Mar 2026
Bharat Forge Ltd is quoting at Rs 1794.3, up 2.77% on the day as on 12:49 IST on the NSE. The stock is up 57.95% in last one year as compared to a 3.83% spurt in NIFTY and a 20% spurt in the Nifty Auto index.
Bharat Forge Ltd is up for a third straight session in a row. The stock is quoting at Rs 1794.3, up 2.77% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.87% on the day, quoting at 23785.75. The Sensex is at 76784.54, up 0.94%. Bharat Forge Ltd has risen around 2.05% in last one month. Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has risen around 7.76% in last one month and is currently quoting at 25117.1, up 1.86% on the day. The volume in the stock stood at 12.8 lakh shares today, compared to the daily average of 15.75 lakh shares in last one month. The benchmark March futures contract for the stock is quoting at Rs 1789.3, up 2.49% on the day. Bharat Forge Ltd is up 57.95% in last one year as compared to a 3.83% spurt in NIFTY and a 20% spurt in the Nifty Auto index. The PE of the stock is 62.42 based on TTM earnings ending December 25. Powered by Capital Market - Live News
Bharat Forge Ltd drops for fifth straight session
13 Mar 2026
Bharat Forge Ltd is quoting at Rs 1682.6, down 5.45% on the day as on 13:19 IST on the NSE. The stock jumped 56.32% in last one year as compared to a 2.94% rally in NIFTY and a 16.46% spurt in the Nifty Auto index.
Bharat Forge Ltd fell for a fifth straight session today. The stock is quoting at Rs 1682.6, down 5.45% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.98% on the day, quoting at 23171.6. The Sensex is at 74668.43, down 1.8%.Bharat Forge Ltd has eased around 2.59% in last one month.Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has eased around 13.82% in last one month and is currently quoting at 25098, down 3.76% on the day. The volume in the stock stood at 7.93 lakh shares today, compared to the daily average of 17.26 lakh shares in last one month. The benchmark March futures contract for the stock is quoting at Rs 1683.8, down 5.62% on the day. Bharat Forge Ltd jumped 56.32% in last one year as compared to a 2.94% rally in NIFTY and a 16.46% spurt in the Nifty Auto index. The PE of the stock is 63.6 based on TTM earnings ending December 25. Powered by Capital Market - Live News
Bharat Forge gains after inking MoU with VVDN Technologies
18 Feb 2026
Bharat Forge advanced 1.09% to Rs 1,771.85 after the company signed memorandum of understanding (MoU) with VVDN Technologies, to explore a strategic collaboration across key technology-driven sectors.
Under the MoU, the parties intend to jointly pursue opportunities in next-generation technologies across the Automotive, Defence, AI, and Datacentre domains. The strategic partnership is established to drive innovation and jointly develop the next generation of products for Automotive, Defence, and AI server platforms, leveraging their complementary strengths in engineering, manufacturing, and technology innovation. By combining VVDN's strengths in electronics design, software, system integration, and manufacturing with Bharat Forge's expertise in advanced manufacturing and precision engineering, the two companies aim to explore the development of scalable, high-impact solutions aligned with evolving industry requirements and emerging technologies. Bharat Forge vice chairman & Joint MD Amit Kalyani, said: 'This partnership enables us to leverage advanced technologies, accelerate innovation, and enhance the quality of solutions we deliver to our clients and stakeholders. By aligning with partners who share our vision for excellence, we create a robust ecosystem that fosters knowledge exchange, operational efficiency, and long-term value creation. Such alliances are integral to our strategy, ensuring that we remain competitive, future-ready, and capable of addressing the evolving needs of the markets we serve.' Puneet Agarwal CEO of VVDN, said: 'This partnership with Bharat Forge aligns with our vision of driving innovation through advanced engineering and digital technologies. By combining our product engineering and manufacturing strengths with Bharat Forges domain leadership, we aim to accelerate the development of next-generation solutions across automotive, defense and data center ecosystems, amongst other Next-Gen Technologies.' Bharat Forge manufactures an extensive array of critical and safety components for several sectors, including automobiles (across commercial & passenger vehicles), oil & gas, aerospace, locomotives, marine, energy (across renewable and non-renewable sources), construction, mining, and general engineering. The company's consolidated net profit rallied 28.21% to Rs 272.80 crore in Q3 FY26 as against Rs 212.78 crore posted in Q3 FY25. Revenue from operations soared 24.96% YoY to Rs 4,342.93 crore in the quarter ended 31 December 2025. Powered by Capital Market - Live News
Bharat Forge Ltd spurts 1.96%, up for fifth straight session
13 Feb 2026
Bharat Forge Ltd is quoting at Rs 1760.6, up 1.96% on the day as on 12:44 IST on the NSE. The stock is up 63.27% in last one year as compared to a 11.58% jump in NIFTY and a 28.97% jump in the Nifty Auto.
Bharat Forge Ltd gained for a fifth straight session today. The stock is quoting at Rs 1760.6, up 1.96% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.86% on the day, quoting at 25584. The Sensex is at 82991.58, down 0.82%. Bharat Forge Ltd has gained around 21.66% in last one month. Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has gained around 2.67% in last one month and is currently quoting at 28504.05, down 0.14% on the day. The volume in the stock stood at 34.56 lakh shares today, compared to the daily average of 13.78 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 1767.9, up 1.96% on the day. Bharat Forge Ltd is up 63.27% in last one year as compared to a 11.58% jump in NIFTY and a 28.97% jump in the Nifty Auto index. The PE of the stock is 60.86 based on TTM earnings ending September 25. Powered by Capital Market - Live News
Bharat Forge Q3 PAT rises 28% YoY to Rs 273 cr
12 Feb 2026
Bharat Forge reported consolidated net profit rallied 28.21% to Rs 272.80 crore in Q3 FY26 as against Rs 212.78 crore posted in Q3 FY25.
Revenue from operations soared 24.96% YoY to Rs 4,342.93 crore in the quarter ended 31 December 2025. Profit before exceptional items and tax stood at Rs 462.93 crore in Q3 FY26, compared with Rs 347 crore in Q3 FY25. The company reported an exceptional loss of Rs 55.72 crore during the quarter, primarily on account of the impact of newly notified labour codes, resulting in higher gratuity and leave liabilities. Total expenses rose 23.79% YoY to Rs 3,918.51 crore in Q3 FY26. The cost of material consumed stood at Rs 1,841.79 crore (up 28.02% YoY), finance cost was at Rs 76.64 crore (down 20.13% YoY), and employee benefits expenses stood at Rs 534.56 crore (up 22.56% YoY) during the period under review. Segment-wise, revenue from forgings rose 10.01% to Rs 3,367.09 crore, while the defence segment saw a sharp 102.36% surge to Rs 681.99 crore. The Other segment revenue surged 158.84% to Rs 570.06 crore. The operating margin rose to 17.18% in Q3 FY26, down from 17.92% a year ago, while the net profit margin increased to 6.28% from 6.12%. B.N. Kalyani, chairman & managing director of Bharat Forge, said, 'The quarterly performance continued to be impacted by the de-stocking in the North American CV market. Standalone revenues were up 7.0% sequentially to Rs 2,084 crores, and EBITDA at Rs 569 crore was up 4.6% QoQ, translating to an EBITDA margin of 27.3%. The performance was aided by the strong growth in the domestic automotive business and execution of the defense order book. Export revenues witnessed a 3% sequential decline, with the auto sector down 13% and industrials showing an 11% increase. In Q3, the company secured new orders worth Rs 2,388 crores, including Rs 1,878 crores in Defence. As of Dec 31st, 2025, the defence order book stood at Rs 11,130 crores. We signed the CQB Carbine contract with the Ministry of Defence for the supply of more than 250,000 units to the Indian armed forces. This order unlocks significant growth opportunities for our small arms vertical within the defence business. In the quarter gone by, JS Autocast (JSA) recorded revenue of Rs 203 Crore and EBITDA of Rs 32 Crore (15.7% EBITDA margin), representing a 22% and 39% YoY jump, respectively. K-Drive Mobility, a supplier of axle assembly across segments, witnessed a muted topline but a sharp jump in their profitability, with EBITDA margins moving up from 3.1% in Q2 FY26 to 5.1% in this quarter. We expect the margin profile to continue to improve over a 3-year time frame. The US & European operations reported modest operating profits despite seasonal weakness in the PV market. Review of the European steel manufacturing footprint is on track, and we expect to have concrete measures in place by the end of this fiscal year. Looking ahead into Q4 FY26 and FY27, it is fair to say that the worst is behind us and things are starting to look up. With both domestic and export markets looking strong across sectors and the commencement of ATAGS execution in H2 FY27, we expect high double-digit top-line growth and a commensurate impact on profitability.' Meanwhile, the board declared an interim dividend of Rs 2 per equity share (face value Rs 2 each). The dividend will be paid on or before 12 March 2026 to shareholders on record as of 18 February 2026. The board also approved the reappointment of B. P. Kalyani and S. E. Tandale as whole-time directors, designated as executive directors, for a further term of five years from 23 May 2026 to 22 May 2031, subject to shareholders' approval by way of postal ballot. In addition, the board approved the merger of Ferrovia Transrail Solutions (FTSPL), a step-down wholly owned subsidiary, with BF Infrastructure (BFIL), a wholly owned subsidiary and the holding company of FTSPL. Bharat Forge manufactures an extensive array of critical and safety components for several sectors, including automobiles (across commercial & passenger vehicles), oil & gas, aerospace, locomotives, marine, energy (across renewable and non-renewable sources), construction, mining, and general engineering. Shares of Bharat Forge rose 3.33% to close at Rs 1,732.55 on the BSE. Powered by Capital Market - Live News
Bharat Forge Ltd up for third consecutive session
11 Feb 2026
Bharat Forge Ltd is quoting at Rs 1638, up 1.49% on the day as on 12:49 IST on the NSE. The stock is up 48.28% in last one year as compared to a 12.46% jump in NIFTY and a 27.39% jump in the Nifty Auto index.
Bharat Forge Ltd is up for a third straight session today. The stock is quoting at Rs 1638, up 1.49% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.07% on the day, quoting at 25916. The Sensex is at 84177.45, down 0.11%. Bharat Forge Ltd has gained around 12.45% in last one month. Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has gained around 1.9% in last one month and is currently quoting at 28173.2, up 1.32% on the day. The volume in the stock stood at 6.75 lakh shares today, compared to the daily average of 10.75 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 1656, up 2.39% on the day. Bharat Forge Ltd is up 48.28% in last one year as compared to a 12.46% jump in NIFTY and a 27.39% jump in the Nifty Auto index. The PE of the stock is 56.72 based on TTM earnings ending September 25. Powered by Capital Market - Live News
Bharat Forge Ltd rises for third straight session
4 Feb 2026
Bharat Forge Ltd is quoting at Rs 1574.1, up 2.28% on the day as on 12:49 IST on the NSE. The stock is up 36.1% in last one year as compared to a 8.55% jump in NIFTY and a 18.13% jump in the Nifty Auto index.
Bharat Forge Ltd is up for a third straight session today. The stock is quoting at Rs 1574.1, up 2.28% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.02% on the day, quoting at 25723.35. The Sensex is at 83606.72, down 0.16%. Bharat Forge Ltd has gained around 6.19% in last one month. Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has gained around 3.85% in last one month and is currently quoting at 27500.3, up 1.02% on the day. The volume in the stock stood at 7.83 lakh shares today, compared to the daily average of 10.23 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 1575.6, up 2.07% on the day. Bharat Forge Ltd is up 36.1% in last one year as compared to a 8.55% jump in NIFTY and a 18.13% jump in the Nifty Auto index. The PE of the stock is 54.04 based on TTM earnings ending September 25. Powered by Capital Market - Live News
Bharat Forge gains as subsidiary raises Rs 300 crore from Premji Invest
2 Feb 2026
Bharat Forge added 3.67% to Rs 1,427.30 after its step-down subsidiary, JS Auto Cast Foundry India has raised Rs 300 crore in equity from Premji Invest through a primary infusion.
Following the transaction, Premji Invest will hold a 23% stake in JSA on a fully diluted basis. The funds will be used to accelerate JSA's growth by expanding casting capacity, investing in medium-casting capabilities and pursuing industry consolidation through acquisitions. JSA is a key supplier of critical ferrous castings for industrial and automotive applications. Commenting on this partnership, Amit Kalyani, vice chairman & joint managing director, Bharat Forge said, 'Since 2022 when we acquired JSA, the company has delivered excellent financial performance with topline, exports and profitability growing at a CAGR of 17%, 24% and 25% respectively, while enhancing its product mix and customer base. We are delighted to partner with Premji Invest (PI), a renowned and highly respected investor, in the next phase of JSA's growth journey.' Manoj Jaiswal, Partner, Premji Invest, who leads the firm's Industrials and Buyout investmentssaid, 'We are excited to partner with Bharat Forge, a premier engineering and manufacturing conglomerate in the country. Collaborating with leading conglomerates on their growth and consolidation journey is one of our strategic pillars. Through our investment in JSA, we look forward to jointly building a leading ferrous casting platform in the country.' Bharat Forge manufactures an extensive array of critical and safety components for several sectors, including automobiles (across commercial & passenger vehicles), oil & gas, aerospace, locomotives, marine, energy (across renewable and non-renewable sources), construction, mining, and general engineering. The company's consolidated net profit rallied 23% to Rs 299.27 crore in Q2 FY26 as against Rs 243.29 crore posted in Q2 FY25. Revenue from operations soared 9.31% YoY to Rs 4,031.92 crore in the quarter ended 30 September 2025. Powered by Capital Market - Live News
Corporate News
Bharat Forge secures order worth Rs 425 cr from Ministry of Defence
20 Jun 2026
For supply of gas turbine generators to Indian Navy
Bharat Forge (BFL) today signed a Rs 425 crore contract with the Ministry of Defence (MoD), India, for the supply of Gas Turbine Generators (GTGs) to Indian Navy (IN) for onboard power generation on Kolkata class ships. The contract will be executed over a period of 5 years. Rated at 1.25 MW, the new GTGs will replace the lower capacity units currently in service onboard. Awarded under the Buy (Indian) category of the Defence Acquisition Procedure 2020 (DAP-2020), the contract marks BFL's entry into the marine gas turbine (GT) business ' and will deliver the first indigenous GT-based power plant to operate aboard Indian Naval ships.
Kalyani Strategic Systems and Paramount unveils Simha 4x4 at Eurosatory 2026
16 Jun 2026
Kalyani Strategic Systems (KSSL), the wholly-owned defence subsidiary of Bharat Forge, and Paramount, today unveiled Simha 4x4 - a next-generation Light Armoured Multi-Purpose Vehicle - at Eurosatory 2026. Designed and engineered from inception as a highly adaptable, modular and mission-configurable platform, the Simha 4x4 armoured vehicle addresses one of the most pressing capability requirements facing modern armed forces - the need for a protected, highly mobile, multi-role vehicle able to operate across a broad spectrum of missions ranging from reconnaissance, internal security and border protection to special operations, command-and-control, troop transport and force protection. The Simha 4x4 has been developed in record time, while prioritising rigorous product validation and testing, using advanced digital platforms.
Kalyani Strategic Systems unveils MArG Series of 4'4 mounted 155mm artillery systems
15 Jun 2026
At Eurosatory 2026
Kalyani Strategic Systems, the wholly-owned defence subsidiary of Bharat Forge, today introduced its line of Mounted Artillery Guns -the MArG series - on the opening day of Eurosatory 2026. Truck-mounted and built for manoeuvre, the MArG series delivers a highly mobile, rapidly deployable and cost-optimised firepower solution for modern land forces. The MArG series is a comprehensive family of 4'4 mounted 155mm artillery systems, engineered to give armed forces a single, common platform across three calibre configurations: ▪ MArG 39 (39 calibre) - Optimised for mobility and tactical flexibility ▪ MArG 45 (45 calibre) - Balanced range and firepower ▪ MArG 52 (52 calibre) - Extended-range, high-performance artillery solution. This product series enables armed forces to select optimal calibre configuration for their specific operational needs, terrain and mission profile, while retaining commonality in platform design, training and logistics.
Bharat Forge signs MoU with Govt. of Andhra Pradesh
19 May 2026
To establish first private-sector Marine Gas Turbine facility at Visakhapatnam
Bharat Forge signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to establish India's first private-sector Marine Gas Turbine (MGT) Repair, Overhaul and indigenous Development complex at Visakhapatnam ' over an ~80 acres within the Andhra Pradesh Defence Manufacturing Corridor. The Visakhapatnam facility ' co-located with the Naval Dockyard, INS Eksila, and Eastern Naval Command Headquarters ' will for the first time bring this critical propulsion sustainment capability into India's private sector. Phase 1 will deliver a full Marine GT Repair and Overhaul complex: hot section restoration of blades, vanes and combustion liners, component manufacturing, NDE laboratory, and a 72-hour turnaround capability for the Naval Dockyard, Visakhapatnam. Phase 2 will establish India's first private sector Marine GT Development and Assembly Hall, a full-spectrum hot test cell scalable across all propulsion ratings, and ' for the very first time on Indian soil ' the development and qualification of an indigenous Marine Gas Turbine. The facility will also serve as a regional R&O hub for friendly nation navies, creating ~750 direct and indirect employment opportunities.
Bharat Forge acquires 30% stake in Fortuna Engineering
9 May 2026
Bharat Forge has completed the acquisition of 27,08,754 equity shares of Rs. 10/- each at a premium of Rs. 478.45/- each (30% on fully diluted basis) subject to final adjustments in Fortuna Engineering in first tranche investment (Tranche I). Consequent to the above, Fortuna Engineering has now become the Associate Company of Bharat Forge.
Board of Bharat Forge recommends final dividend
7 May 2026
Of Rs 6.5 per share
Bharat Forge announced that the Board of Directors of the Company at its meeting held on 7 May 2026, inter alia, have recommended the final dividend of Rs 6.5 per equity Share (i.e. 325%) , subject to the approval of the shareholders.
Bharat Forge to hold AGM
7 May 2026
On 11 August 2026
Bharat Forge announced that the 65th Annual General Meeting(AGM) of the company will be held on 11 August 2026.
Bharat Forge to convene board meeting
30 Apr 2026
On 7 May 2026
Bharat Forge will hold a meeting of the Board of Directors of the Company on 7 May 2026.
Bharat Forge - DRDO co-created Vikram VT 21 project flags off
27 Apr 2026
The Vikram VT 21 project constitutes development of two platforms; Advanced Armoured Platform Wheeled (AAP-Wh) and Advanced Armoured Platform-Tracked (AAP-Tr), co-created by VRDE (DRDO), Bharat Forge (BFL), Tata Advanced Systems (TASL), and supported by several MSMEs. This AAP-Wh went from concept to combat-ready in under three years as a result of continuous engagement and joint problem-solving. Moreover, having cleared the Technical Evaluation Committee (TEC) for WH-AFV and FICV of the Ministry of Defence, the Vikram VT 21 is ready to adapt to the evolving needs of the Indian Armed Forces and the global export market.
Bharat Forge board approves restructuring of steel forging operations of German subsidiary
9 Apr 2026
At meeting held on 09 April 2026
The board of Bharat Forge at its meeting held on 09 April 2026 has reviewed and evaluated a proposal for the phased restructuring of the steel forging operations of Bharat Forge CDP GmbH (BF CDP), its wholly owned subsidiary located in Ennepetal, Germany. The proposal may include an orderly wind‑down and solvent liquidation of BF CDP, in accordance with applicable German laws. This is being considered in light of the market challenges and the associated cost disadvantages faced by BF CDP in Germany. To facilitate the proposed restructuring, the board has approved a financing arrangement of up to EUR 30 million.
Bharat Forge inaugurates state-of-the-art landing gear components machining facility at Pune
11 Mar 2026
In collaboration with Liebherr-Aerospace & Transportation SAS
The aerospace division of Bharat Forge today inaugurated a state-of-the-art Landing Gear Components Machining Facility in Mundhwa, Pune (India), developed in collaboration with Liebherr-Aerospace & Transportation SAS. This milestone positions Bharat Forge among the first companies in India, and one of the first at scale - to operate OEM-approved landing gear components machining capabilities. It integrates advanced machining centres dedicated to high-precision landing-gear components and marks a significant step towards advancing India's aerospace manufacturing ecosystem and strengthening the country's role in global aerospace supply chains. Bharat Forge now has a full-stack aerospace manufacturing portfolio across aero-engine components, airframe structures, and landing-gear sub-systems for civil and military aviation. The company produces turbine and compressor parts, forged rings, shafts, and discs, along with structural and landing-gear elements. It is also setting up an advanced aerospace ring-mill in India to produce high-value forged rings for aero-engine programs. Powered by Capital Market - Live News
Bharat Forge receives affirmation in credit ratings from ICRA
10 Mar 2026
Bharat Forge has received affirmation in credit ratings from ICRA at ICRA AA+; Stable / ICRA A1+ for various debt facilities availed by the company. Powered by Capital Market - Live News
Bharat Forge signs MoU with VVDN Technologies
18 Feb 2026
To jointly explore opportunities across automotive, defence, AI and data centre domains
Bharat Forge and VVDN Technologies, a global provider of product engineering and manufacturing services have signed a Memorandum of Understanding (MoU) to record their broad understanding to explore a strategic collaboration across key technology-driven sectors. Under the MoU, the parties intend to jointly pursue opportunities in next-generation technologies across the Automotive, Defence, AI, and Datacentre domains. The strategic partnership is established to drive innovation and jointly develop the next generation of products for Automotive, Defence, and AI server platforms, leveraging their complementary strengths in engineering, manufacturing, and technology innovation. In alignment with the rapidly evolving AI world, where breakthroughs in generative intelligence, autonomous systems, and sustainable compute are reshaping industries, this collaboration positions both parties to contribute meaningfully to the global AI ecosystem and harness its transformative potential for future-ready solutions. By combining VVDN's strengths in electronics design, software, system integration, and manufacturing with Bharat Forge's expertise in advanced manufacturing and precision engineering, the two companies aim to explore the development of scalable, high-impact solutions aligned with evolving industry requirements and emerging technologies. Powered by Capital Market - Live News
Board of Bharat Forge recommends interim dividend
12 Feb 2026
Of Rs 2 per share
Bharat Forge announced that the Board of Directors of the Company at its meeting held on 12 February 2026, inter alia, have recommended the interim dividend of Rs 2 per equity Share (i.e. 100%) , subject to the approval of the shareholders. Powered by Capital Market - Live News
Bharat Forge to convene board meeting
5 Feb 2026
On 12 February 2026
Bharat Forge will hold a meeting of the Board of Directors of the Company on 12 February 2026. Powered by Capital Market - Live News
Bharat Forge arm to receive capital infusion of Rs 300 cr
2 Feb 2026
Bharat Forge, BF Industrial Solutions (BFISL), a wholly owned subsidiary of the Company and J S Auto Cast Foundry India (JS Auto), a step-down wholly owned subsidiary of the Company, have entered into Securities Subscription Agreement (SSA) and Shareholders Agreement (SHA) (Definitive Transaction Agreements) with PI Opportunities Fund I Scheme II (Investor) on 02 February 2026. Under the terms of the Definitive Transaction Agreements, Investor has agreed to subscribe to, and JS Auto has agreed to offer, issue, and allot equity shares and compulsorily convertible preference shares (CCPS), subject to the terms and conditions mentioned therein (proposed transaction) resulting in the Investor acquiring 23% stake in JS Auto on a fully diluted basis for a consideration of Rs 300 crore to be received by JS Auto. PI Opportunities Fund I Scheme II (an Alternative Investment Fund (AIF) managed by PI Investment Advisory LLP) is an affiliate of Premji Invest Group, making substantial investments in growing Indian companies, with a focus on technology, finance, and consumer sectors, funding the Azim Premji Foundation. Powered by Capital Market - Live News
Bharat Forge invest Rs 110 cr in Bharat Forge Global Holding GmbH
30 Jan 2026
Bharat Forge has made an investment in Bharat Forge Global Holding GmbH (BFGH), a wholly owned subsidiary by way of contribution to capital reserve amounting to Rs. 110.04 crore ( ' 10 million). BFGH is a holding company having investments in manufacturing subsidiaries in Germany, Sweden and France. The investment will be completed by 31 January 2026. Powered by Capital Market - Live News
Bharat Forge secures contracts worth Rs 300 cr under Emergency Procurement - VI framework
16 Jan 2026
Bharat Forge Aerospace Division has achieved a significant milestone in India's defence modernisation journey by securing contracts worth approximately Rs 300 crores under the ongoing Emergency Procurement - VI (EP-VI) framework. These contracts are for the Indian Army and also for end use at Indian Navy, cover a range of indigenous unmanned systems, including Intelligence, Surveillance, and Reconnaissance (ISR) platforms and loitering munitions. The contracted platforms namely Omega One, Omega Nine, Bayonet, and Cleaver, are developed for India to meet urgent operational requirements across diverse terrains and mission profiles. Powered by Capital Market - Live News
Market Beat
Bharat Forge fixes record date for final dividend
4 Jun 2026
Record date is 03 July 2026
Bharat Forge has fixed 03 July 2026 as record date for payment of final dividend of Rs 6.50 per equity share of face value of Rs 2 each for FY 2026. The dividend will be paid on or after 14 August 2026.
Bharat Forge to pay final dividend
7 May 2026
On or after 14 August 2026
Bharat Forge announced the final dividend of Rs 6.50 per share for FY 2026 shall be paid on or after 14 August 2026.
Results - Announcements
Bharat Forge consolidated net profit declines 17.53% in the March 2026 quarter
7 May 2026
Sales rise 17.53% to Rs 4528.04 crore
Net profit of Bharat Forge declined 17.53% to Rs 232.57 crore in the quarter ended March 2026 as against Rs 282.00 crore during the previous quarter ended March 2025. Sales rose 17.53% to Rs 4528.04 crore in the quarter ended March 2026 as against Rs 3852.60 crore during the previous quarter ended March 2025. For the full year,net profit rose 14.72% to Rs 1079.66 crore in the year ended March 2026 as against Rs 941.15 crore during the previous year ended March 2025. Sales rose 11.17% to Rs 16811.65 crore in the year ended March 2026 as against Rs 15122.80 crore during the previous year ended March 2025. Particulars Quarter Ended Year Ended Mar. 2026 Mar. 2025 % Var. Mar. 2026 Mar. 2025 % Var. Sales 4528.04 3852.60 18 16811.65 15122.80 11 OPM % 17.17 17.63 - 17.35 17.79 - PBDT 745.96 653.16 14 2792.54 2486.51 12 PBT 490.87 429.40 14 1821.61 1612.90 13 NP 232.57 282.00 -18 1079.66 941.15 15 Powered by Capital Market - Live News
Bharat Forge consolidated net profit rises 24.18% in the December 2025 quarter
12 Feb 2026
Sales rise 24.96% to Rs 4342.93 crore
Net profit of Bharat Forge rose 24.18% to Rs 264.21 crore in the quarter ended December 2025 as against Rs 212.76 crore during the previous quarter ended December 2024. Sales rose 24.96% to Rs 4342.93 crore in the quarter ended December 2025 as against Rs 3475.55 crore during the previous quarter ended December 2024. Particulars Quarter Ended Dec. 2025 Dec. 2024 % Var. Sales 4342.93 3475.55 25 OPM % 17.18 17.92 - PBDT 711.78 565.25 26 PBT 462.94 347.00 33 NP 264.21 212.76 24 Powered by Capital Market - Live News
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