{"id":13090,"date":"2025-05-13T15:40:00","date_gmt":"2025-05-13T10:10:00","guid":{"rendered":"http:\/\/43.205.138.160\/?post_type=media-review&#038;p=13090"},"modified":"2025-05-13T15:40:00","modified_gmt":"2025-05-13T10:10:00","slug":"13090","status":"publish","type":"media-review","link":"https:\/\/signalz.pro\/media-review\/13090\/","content":{"rendered":"<p><strong>Bharat Forge Ltd (NSE: BHARATFORG)<\/strong><\/p>\n<p><strong>Company Overview<\/strong><\/p>\n<p>Name: Bharat Forge Limited<br \/>\nHeadquarters: Pune, Maharashtra, India<br \/>\nEstablished: 1961<br \/>\nSector: Engineering and Manufacturing<br \/>\nCore Businesses: Automotive components, industrial products, defense systems, aerospace components, and renewable energy solutions<\/p>\n<p>Bharat Forge is a flagship company of the Kalyani Group and is recognized globally for its engineering capabilities and innovation. The company has diversified its portfolio beyond automotive components to include significant contributions to the defense and aerospace sectors.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Technical Overview<\/strong><\/p>\n<ul>\n<li><strong>Support Levels<\/strong>:\n<ul>\n<li>Immediate Support: \u20b91150<\/li>\n<li>Strong Support: \u20b91020<\/li>\n<\/ul>\n<\/li>\n<li><strong>Target Levels (Upside Potential from CMP \u20b91205)<\/strong>:\n<ul>\n<li><strong>Target 1: \u20b91320<\/strong> \u2192 approx. <strong>+9.5%<\/strong><\/li>\n<li><strong>Target 2: \u20b91500<\/strong> \u2192 approx. <strong>+24.5%<\/strong><\/li>\n<li><strong>Target 3: \u20b91795<\/strong> \u2192 approx. <strong>+48.9%<\/strong><\/li>\n<\/ul>\n<\/li>\n<li><strong>RSI (Relative Strength Index)<\/strong>: 62 \u2192 Indicates strength but not yet overbought; room to move higher.<\/li>\n<li><strong>MACD<\/strong>: Bullish crossover confirmed with strong histogram growth, suggesting positive momentum is building.<\/li>\n<li><strong>Price Action Note<\/strong>:<br \/>\nIf the stock crosses <strong>\u20b91320<\/strong> and sustains above it, <strong>\u20b91500<\/strong> becomes a very achievable target in the short-to-medium term.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Financial Highlights (FY2023\u201324)<\/strong><\/p>\n<ul>\n<li>Consolidated Revenue: \u20b915,682 crore, a 21.5% increase from the previous year<\/li>\n<li>Net Profit: \u20b9951 crore, up 80% year-on-year<\/li>\n<li>Return on Capital Employed (ROCE): Approaching 20%<\/li>\n<li>Return on Equity (ROE): Approximately 17%<\/li>\n<li>Debt-to-Equity Ratio (Net of Cash): 0.20, indicating a strong balance sheet<\/li>\n<li>Cash Reserves: \u20b93,180 crore as of March 31, 2024<\/li>\n<li>Final Dividend: \u20b96.50 per share for FY24<\/li>\n<\/ul>\n<p>Source: Bharat Forge Annual Report 2024 (bharatforge.com)<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Defense Sector Involvement<\/strong><\/p>\n<p>Bharat Forge has made significant strides in the defense sector, focusing on artillery systems and related components:<\/p>\n<ul>\n<li>Defense Revenue: Achieved \u20b91,561 crore in FY24, marking a fourfold increase from the previous year<\/li>\n<li>Order Book: Secured defense orders worth \u20b94,494 crore in FY24, with an executable order book of \u20b95,192 crore as of March 31, 2024<\/li>\n<li>Export Orientation: Over 90% of defense revenue in FY24 was export-driven, highlighting the company&#8217;s growing international footprint<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Business Segments<\/strong><\/p>\n<ol>\n<li><strong>Automotive Components<\/strong><br \/>\nSupplies forged and machined components for passenger vehicles, commercial vehicles, and industrial applications. Focus on lightweighting and electric vehicle components to align with industry trends.<\/li>\n<li><strong>Industrial Products<\/strong><br \/>\nOffers products for sectors like oil and gas, power, construction, mining, and railways. The aerospace division recorded revenues exceeding $26 million in FY24, with expectations of exponential growth due to certifications like NADCAP.<\/li>\n<li><strong>Defense Systems<\/strong><br \/>\nDevelops and manufactures artillery systems, armored vehicles, and other defense equipment. Engaged in the production of 155 mm artillery shells and howitzers, contributing to India\u2019s defense export ambitions.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p><strong>Growth Outlook<\/strong><\/p>\n<ul>\n<li>Domestic Market: Anticipated growth in infrastructure and defense spending by the Indian government is expected to drive demand for Bharat Forge&#8217;s products<\/li>\n<li>International Expansion: The company\u2019s focus on exports, especially in the defense sector, positions it well to capitalize on global opportunities<\/li>\n<li>Innovation and R&amp;D: Continued investment in research and development to innovate and meet evolving customer requirements across sectors<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Conclusion<\/strong><\/p>\n<p>Bharat Forge has demonstrated robust financial performance in FY2023\u201324, with significant growth in its defense segment. The company\u2019s strategic diversification, strong order book, and focus on innovation position it well for sustained growth in the coming years. Investors seeking exposure to the defense and engineering sectors may find Bharat Forge to be a compelling opportunity.<\/p>\n<p>Report Curated by Adarsh Nimborkar<br \/>\nINA000019789<br \/>\n13 MAY 2025<\/p>\n<p><em><u>This is Not a buy sale call, join us to get personalised Shares to Invest.<\/p>\n<p><\/u><\/em><a href=\"https:\/\/www.adarshnimborkar.com\/\"><em>Adarsh Nimborkar<\/em><\/a><\/p>\n<p>Whatsapp: \u00a0<a href=\"https:\/\/wa.me\/919130997271\"><strong>click here<\/strong><\/a><\/p>\n<p><strong>\u00a0<\/strong><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-13091\" src=\"http:\/\/43.205.138.160\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-13-151316-300x118.png\" alt=\"\" width=\"300\" height=\"118\" srcset=\"https:\/\/signalz.pro\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-13-151316-300x118.png 300w, https:\/\/signalz.pro\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-13-151316-1024x402.png 1024w, https:\/\/signalz.pro\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-13-151316-768x302.png 768w, https:\/\/signalz.pro\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-13-151316-1536x603.png 1536w, https:\/\/signalz.pro\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-13-151316.png 1696w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n","protected":false},"comment_status":"closed","ping_status":"closed","template":"","media-category":[9],"media-subscription":[],"call-tags":[619],"class_list":["post-13090","media-review","type-media-review","status-publish","hentry","media-category-stock-exchange","call-tags-equity-trades"],"acf":[],"_links":{"self":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media-review\/13090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media-review"}],"about":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/types\/media-review"}],"replies":[{"embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/comments?post=13090"}],"version-history":[{"count":1,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media-review\/13090\/revisions"}],"predecessor-version":[{"id":13092,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media-review\/13090\/revisions\/13092"}],"wp:attachment":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media?parent=13090"}],"wp:term":[{"taxonomy":"media-category","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media-category?post=13090"},{"taxonomy":"media-subscription","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media-subscription?post=13090"},{"taxonomy":"call-tags","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/call-tags?post=13090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}