NEW DELHI: Shares of Bharat . traded 3.09 per cent down in Friday’s trade at 01:39PM (IST). Around 18,976 shares changed hands on the counter.

The scrip opened at Rs 787.0 and touched an intraday high and low of Rs 787.0 and Rs 755.5, respectively, in the session so far. The stock of Bharat Forge Ltd. quoted a 52-week high of Rs 848.0 and a 52-week low of Rs 595.85.

As per BSE, the total market cap of the Bharat Forge Ltd. stood at Rs 35303.26 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 2884.04 crore for the quarter ended 30-Jun-2022, down 21.12 per cent from previous quarter’s Rs 3656.05 crore and down 34.24 per cent from the year-ago quarter’s Rs 2148.39 crore.

The net profit for latest quarter stood at Rs 164.45 crore, up 7.03 per cent from the same quarter a year ago.

Shareholding pattern

As of 30-Jun-2022, DIIs held 18.9 per cent stake in the firm, while foreign institutional investors held 18.82 per cent and the promoters 45.25 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 32.31 and a price-to-book ratio of 4.97. 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.


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By Dipak

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