Shares of Bharat Forge Ltd. traded 0.84 per cent higher in Tuesday’s trade at 11:37AM (IST). The counter opened at Rs 1201.25 and touched an intraday high and low of Rs 1210.95 and Rs 1192.4, respectively. The stock quoted a 52-week high of Rs 1210.95 and a 52-week low of Rs 744.0. The total market cap of Bharat Forge Ltd. stood at Rs 55938.15 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 3826.67 crore for the quarter ended 30-Sep-2023, down 2.91 per cent from the previous quarter and down 22.56 per cent from the year-ago quarter. The net profit for the latest quarter stood at Rs 227.22 crore, up 55.72 per cent from the corresponding quarter last year.
Shareholding Pattern
As of 30-Sep-2023, DIIs held 19.81 per cent stake in the firm, while foreign institutional investors held 16.28 per cent and the promoters 45.25 per cent.
Valuation Ratio
According to BSE data, the stock traded at a P/E multiple of 71.37 and a price-to-book ratio of 5.35. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Bharat Forge Ltd. belongs to the Auto Ancl – Others industry.
