Bharat Forge shares up 1.5% as Nifty drops

NEW DELHI: Shares of Bharat Forge Ltd. traded 1.5 per cent up in Thursday's trade at 11:12AM (IST). Around 15,320 shares changed hands on the counter.

The stock opened at Rs 864.75 and touched an intraday high and low of Rs 874.7 and Rs 855.8, respectively, in the session so far. The stock 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 40669.17 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, DIIs held 18.04 per cent stake in the company, 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 42.04 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.