- Bharat Forge‘s net income for the second quarter was 3.61 billion rupees, which is a 4.3% increase compared to the previous year but below the estimated 3.9 billion rupees.
- The company reported revenue of 22.5 billion rupees, slightly higher than the 22.49 billion rupees from the same period last year.
- Total costs decreased by 2.1% year-over-year, amounting to 17.9 billion rupees.
- Raw material costs saw a significant drop, decreasing by 11% to 9.32 billion rupees.
- Employee benefits expenses increased by 7.5%, reaching 1.62 billion rupees.
- The finance cost was reduced by 13% to 635.1 million rupees.
- Other income fell by 18%, totaling 348.0 million rupees.
- The latest analyst recommendations include 14 buys, 3 holds, and 11 sells.
A look at Bharat Forge Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.0 |
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 analyzing the Smartkarma Smart Scores for Bharat Forge have painted a positive long-term outlook for the company. With a Growth score of 5, Bharat Forge is positioned well for future expansion and development. Coupled with a strong Dividend score of 4, the company shows promise in providing returns to its shareholders over time. However, the overall Value score of 2 suggests that the stock may not be currently undervalued in the market. In terms of Resilience and Momentum, Bharat Forge scored a 2, indicating some room for improvement in these areas.
Bharat Forge Limited, known for manufacturing steel forgings and machined components across various industries, stands out for its diversification and expertise in Closed Die and Open Die Forgings. As per the Smartkarma Smart Scores, the company’s strong Growth and Dividend scores show its potential for long-term sustainable growth and rewarding investors. While there are areas to enhance resilience and momentum, Bharat Forge‘s established presence in key industries positions it well for capturing future opportunities and delivering value to its stakeholders.
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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