Company profile / BHARATFORGE

Bharat Forge

Manufacturing · 4 quarters tracked · source-linked performance and management context.

Research layer active

PositiveCredibility 0/100Latest record q4-fy26

Latest revenue

₹4,528 Cr

verified financial record

Quarters tracked

source records in the directory

Delivery assessment

Across 2 tracked commitments: 0 delivered, 2 missed.

Call date

2026-04-??

latest available source date

Signal trajectory

1 actual quarter

PAT (₹ Cr)PositiveWatchNegative

1 actual records

Values are taken from the available verified source records; sentiment color is a separate source-read indicator.

Current read

0/100

Across 2 tracked commitments: 0 delivered, 2 missed.

Latest source read

What changed this quarter?

Open quarter read

Bharat Forge reported FY26 consolidated revenue of ₹16,812 crore (+11% YoY) and EBITDA of ₹2,921 crore (+6% YoY), with margins contracting ~80bps to 17.4% due to overseas losses. Standalone Q4 revenue grew 8.5% QoQ to ₹2,260 crore, with EBITDA margin at 27% (28% excluding one-time costs). The defense order book stands at ~₹11,000 crore, providing multi-year visibility. Management guided for 25%+ growth in India operations in FY27, driven by aerospace (26% of industrial exports in Q4), defense ramp-up (ATAGS, carbines), and strong CV demand. Risks include energy cost inflation, geopolitical uncertainties, and slower-than-expected restructuring of German steel business (CDP).

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Signal

Positive

Revenue

₹4,528 Cr

Source date

2026-04-??

Across the record

Quarter history.

1 source records

History modules

Follow the numbers and themes.

Revenue history PAT history Margin trend Guidance tracker Bear-case history Language trends FY26 summary