Bharat Forge shares down 0.88% as Nifty drops

NEW DELHI: Shares of Bharat Forge Ltd. traded 0.88 per cent down in Thursday's trade at 01:37PM (IST). Around 17,609 shares changed hands on the counter.

The scrip opened at Rs 865.0 and touched an intraday high and low of Rs 869.6 and Rs 858.6, respectively, in the session so far. Shares of the company of Bharat Forge Ltd. quoted a 52-week high of Rs 919.5 and a 52-week low of Rs 595.85.

Total market cap of the Bharat Forge Ltd. stood at Rs 40289.71 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 3122.27 crore for the quarter ended 30-Sep-2022, up 8.26 per cent from previous quarter's Rs 2884.04 crore and up 28.81 per cent from the year-ago quarter's Rs 2423.9 crore.

The net profit for latest quarter stood at Rs 145.92 crore, down 46.2 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2022, domestic institutional investors held 18.04 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 price-to-earnings multiple of 41.65 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.