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Bharat Forge Ltd

NSE:BHARATFORGConsumer CyclicalNSE:CNX200NSE:CNX500

——At close · Market cap — · Next earnings Sat 14 Nov

Ratio	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026	Current · undated	YoY
Gross margin	58.4%	58.0%	52.3%	51.2%	54.9%	54.9%	—	—
Operating margin	40.6%	43.6%	40.0%	39.3%	42.4%	11.6%	11.6%	+0.0 pts
Net margin	−2.0%	10.3%	4.1%	6.1%	6.2%	6.4%	9.9%	+3.5 pts
EBITDA margin	12.2%	18.2%	13.4%	15.9%	17.5%	17.6%	—	—
Return on equity	−2.3%	16.5%	7.9%	13.3%	10.2%	11.3%	17.4%	+6.2 pts
Return on assets	−1.0%	6.9%	2.9%	4.9%	4.7%	4.9%	7.5%	+2.6 pts
Return on capital employed	29.7%	48.0%	51.1%	61.2%	56.3%	15.4%	—	—
Debt / equity	1.0×	0.9×	1.1×	1.1×	0.7×	0.8×	0.8×	+0.2%
Debt / assets	40.0%	38.3%	39.8%	41.1%	33.3%	32.8%	—	—
Interest coverage	24.9×	28.4×	18.9×	12.4×	15.4×	6.0×	—	—
Current ratio	1.4×	1.3×	1.1×	1.1×	1.2×	1.2×	1.2×	+0.0%
Quick ratio	1.0×	0.9×	0.7×	0.7×	0.8×	0.7×	—	—
Cash ratio	0.1×	0.1×	0.1×	0.1×	0.1×	0.1×	0.1×	+0.0%
Asset turnover	0.5×	0.7×	0.7×	0.8×	0.8×	0.8×	—	—
Inventory turnover	1.5×	1.6×	2.0×	2.4×	1.9×	1.9×	—	—
Receivables turnover	4.5×	4.8×	4.2×	4.8×	5.1×	4.3×	—	—
Dividend payout	0.0%	15.2%	61.6%	40.0%	44.8%	35.2%	—	—