Time period given by analyst is one year when Bharat Forge Ltd. price can reach defined target.
Bharat Forge Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 35058.82 Crore) operating in Auto Ancillaries sector.
Bharat Forge Ltd. key Products/Revenue Segments include Steel Forgings, Scrap, Export Incentives, Job Work, Dies & Tools and Wind Mills for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2148.39 Crore, up .62 % from last quarter Total Income of Rs 2135.23 Crore and up 79.15 % from last year same quarter Total Income of Rs 1199.24 Crore. Company reported net profit after tax of Rs 161.86 Crore in latest quarter.
Investment Rationale
For BFL, resilience in oil & gas and India CV segments during Q2FY22 are expected to lead to a relatively healthy overall performance. Standalone operating income is seen growing 18.6% QoQ to Rs 1,627 crore. Operating leverage gains are seen negating higher input prices sequential, with overall blended EBITDA margins expected to increase 150 bps QoQ to 30%. Consequent standalone (adjusted) PAT is expected at Rs 288 crore vs. Rs 213 crore, up 35% QoQ. Management commentary on global CV space demand outlook amid ongoing chip shortage will be key monitorables from the quarterly results.
Promoter/FII Holdings
Promoters held 44.8 per cent stake in the company as of June 30, 2021, while FIIs held 25.3 per cent, DIIs 12.3 per cent and public and others 17.7 per cent.
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