- Net Income: 2.69 billion rupees, a decrease of 14% year-over-year (YoY).
- Net Income Estimate: 3.97 billion rupees.
- Revenue: 23.4 billion rupees, an increase of 9.9% YoY.
- Revenue Estimate: 23.56 billion rupees.
- Total Costs: 18.7 billion rupees, up by 6.3% YoY.
- Raw Material Costs: 9.27 billion rupees, a decrease of 1% YoY. The estimate was 10.2 billion rupees.
- Employee Benefits Expenses: 1.63 billion rupees, an increase of 9.4% YoY. The estimate was 1.58 billion rupees.
- Finance Cost: 701.8 million rupees, a decrease of 0.5% YoY. The estimate was 511.5 million rupees.
- Other Income: 445.9 million rupees, a decrease of 5.6% YoY.
- Board Approval: Approval for raising funds via shares or debt.
- Analyst Ratings: 14 buys, 3 holds, 11 sells.
A look at Bharat Forge Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts using Smartkarma’s Smart Scores indicate a promising long-term outlook for Bharat Forge. The company scored high in Growth and Momentum, with a score of 5 in both categories. This suggests that Bharat Forge is positioned well for future expansion and has strong positive market momentum. Additionally, the company received a strong score of 4 in Dividend, showcasing its commitment to rewarding shareholders. However, Bharat Forge scored lower in Value and Resilience, with scores of 2 in both areas, indicating potential risks related to valuation and resilience to market fluctuations.
Bharat Forge Limited, a manufacturer of steel forgings and machined components for various industries, including automotive, railway, and oilfield, showcases a mix of positive and cautionary indicators based on the Smartkarma Smart Scores. While the company excels in growth potential and market momentum, investors may need to assess the valuation and resilience aspects closely. Overall, Bharat Forge‘s focus on expanding its operations and rewarding shareholders sets a positive tone for its future performance in the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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