Bharat Forge (BFRG) is the second largest forging company in the world with operations at 11 locations in 5 countries. It is the largest exporter of auto components from India and a world leading manufacturer of chassis component. It manufacturers
Established in 1981, Automotive Axles Limited (AAL) is a joint venture between the Kalyani Group and Meritor Inc., USA (formerly the automotive division of Rockwell International Corporation). The company has manufacturing facilities located at
BHARAT FORGE | AUTOMOTIVE AXLES | BHARAT FORGE/ AUTOMOTIVE AXLES |
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P/E (TTM) | x | 414.2 | 37.0 | 1,119.0% | View Chart |
P/BV | x | 5.4 | 2.8 | 192.1% | View Chart |
Dividend Yield | % | 0.6 | 2.0 | 29.2% |
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EQUITY SHARE DATA | |||||
---|---|---|---|---|---|
BHARAT FORGE Mar-20 |
AUTOMOTIVE AXLES Mar-19 |
BHARAT FORGE/ AUTOMOTIVE AXLES |
5-Yr Chart Click to enlarge
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High | Rs | 533 | 1,688 | 31.6% | |
Low | Rs | 230 | 991 | 23.2% | |
Sales per share (Unadj.) | Rs | 173.0 | 1,292.7 | 13.4% | |
Earnings per share (Unadj.) | Rs | 7.5 | 81.0 | 9.3% | |
Cash flow per share (Unadj.) | Rs | 19.3 | 111.8 | 17.2% | |
Dividends per share (Unadj.) | Rs | 3.50 | 20.00 | 17.5% | |
Dividend yield (eoy) | % | 0.9 | 1.5 | 61.4% | |
Book value per share (Unadj.) | Rs | 112.1 | 359.0 | 31.2% | |
Shares outstanding (eoy) | m | 465.59 | 15.00 | 3,103.9% | |
Bonus/Rights/Conversions | - | - | - | ||
Price / Sales ratio | x | 2.2 | 1.0 | 212.9% | |
Avg P/E ratio | x | 50.9 | 16.5 | 307.8% | |
P/CF ratio (eoy) | x | 19.8 | 12.0 | 165.4% | |
Price / Book Value ratio | x | 3.4 | 3.7 | 91.2% | |
Dividend payout | % | 46.7 | 24.7 | 189.0% | |
Avg Mkt Cap | Rs m | 177,716 | 20,093 | 884.5% | |
No. of employees | `000 | 5.2 | 1.1 | 490.8% | |
Total wages/salary | Rs m | 11,955 | 1,235 | 968.0% | |
Avg. sales/employee | Rs Th | 15,633.3 | 18,466.7 | 84.7% | |
Avg. wages/employee | Rs Th | 2,319.9 | 1,176.2 | 197.2% | |
Avg. net profit/employee | Rs Th | 677.8 | 1,157.6 | 58.5% |
INCOME DATA | |||||
---|---|---|---|---|---|
Net Sales | Rs m | 80,558 | 19,390 | 415.5% | |
Other income | Rs m | 1,879 | 30 | 6,262.0% | |
Total revenues | Rs m | 82,437 | 19,420 | 424.5% | |
Gross profit | Rs m | 11,147 | 2,291 | 486.5% | |
Depreciation | Rs m | 5,477 | 462 | 1,185.5% | |
Interest | Rs m | 1,713 | 6 | 28,555.0% | |
Profit before tax | Rs m | 5,835 | 1,853 | 314.9% | |
Minority Interest | Rs m | -429 | 0 | - | |
Prior Period Items | Rs m | 0 | 0 | - | |
Extraordinary Inc (Exp) | Rs m | -789 | 0 | - | |
Tax | Rs m | 1,125 | 638 | 176.4% | |
Profit after tax | Rs m | 3,493 | 1,216 | 287.3% | |
Gross profit margin | % | 13.8 | 11.8 | 117.1% | |
Effective tax rate | % | 19.3 | 34.4 | 56.0% | |
Net profit margin | % | 4.3 | 6.3 | 69.2% |
BALANCE SHEET DATA | |||||
---|---|---|---|---|---|
Current assets | Rs m | 52,711 | 6,437 | 818.9% | |
Current liabilities | Rs m | 39,674 | 3,213 | 1,235.0% | |
Net working cap to sales | % | 16.2 | 16.6 | 97.3% | |
Current ratio | x | 1.3 | 2.0 | 66.3% | |
Inventory Days | Days | 79 | 35 | 226.5% | |
Debtors Days | Days | 68 | 65 | 103.8% | |
Net fixed assets | Rs m | 52,666 | 2,243 | 2,347.6% | |
Share capital | Rs m | 931 | 151 | 616.3% | |
"Free" reserves | Rs m | 51,266 | 5,233 | 979.6% | |
Net worth | Rs m | 52,197 | 5,384 | 969.4% | |
Long term debt | Rs m | 18,747 | 659 | 2,844.8% | |
Total assets | Rs m | 115,628 | 9,333 | 1,239.0% | |
Interest coverage | x | 4.4 | 309.9 | 1.4% | |
Debt to equity ratio | x | 0.4 | 0.1 | 293.5% | |
Sales to assets ratio | x | 0.7 | 2.1 | 33.5% | |
Return on assets | % | 4.5 | 13.1 | 34.4% | |
Return on equity | % | 6.7 | 22.6 | 29.6% | |
Return on capital | % | 8.9 | 30.8 | 29.0% | |
Exports to sales | % | 0 | 0 | - | |
Imports to sales | % | 0 | 0 | - | |
Exports (fob) | Rs m | NA | NA | - | |
Imports (cif) | Rs m | NA | NA | - | |
Fx inflow | Rs m | 26,753 | 0 | - | |
Fx outflow | Rs m | 5,481 | 0 | - | |
Net fx | Rs m | 21,272 | 0 | - |
CASH FLOW | |||||
---|---|---|---|---|---|
From Operations | Rs m | 15,220 | 977 | 1,557.1% | |
From Investments | Rs m | -11,322 | -1,492 | 758.7% | |
From Financial Activity | Rs m | -3,814 | 470 | -811.2% | |
Net Cashflow | Rs m | 264 | -45 | -589.5% |
Indian Promoters | % | 46.7 | 35.5 | 131.5% | |
Foreign collaborators | % | 0.0 | 35.5 | - | |
Indian inst/Mut Fund | % | 16.9 | 12.5 | 135.2% | |
FIIs | % | 13.7 | 0.1 | 13,700.0% | |
ADR/GDR | % | 0.0 | 0.0 | - | |
Free float | % | 22.7 | 16.4 | 138.4% | |
Shareholders | 51,211 | 8,280 | 618.5% | ||
Pledged promoter(s) holding | % | 0.0 | 0.0 | - |
Compare BHARAT FORGE With: MOTHERSON SUMI ZF STEERING SWARAJ ENGINES NRB BEARINGS ASAHI INDIA
Indian share markets witnessed huge selling pressure today and failed to hold on to their opening gains as profit booking and weakness across all sectors erased gains.
Here's an analysis of the annual report of BHARAT FORGE for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of BHARAT FORGE. Also includes updates on the valuation of BHARAT FORGE.
For the quarter ended December 2019, BHARAT FORGE has posted a net profit of Rs 1 bn (down 58.7% YoY). Sales on the other hand came in at Rs 11 bn (down 36.4% YoY). Read on for a complete analysis of BHARAT FORGE's quarterly results.
For the quarter ended September 2019, AUTOMOTIVE AXLES has posted a net profit of Rs 62 m (down 80.5% YoY). Sales on the other hand came in at Rs 2 bn (down 59.9% YoY). Read on for a complete analysis of AUTOMOTIVE AXLES's quarterly results.
Here's an analysis of the annual report of BHARAT FORGE for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of BHARAT FORGE. Also includes updates on the valuation of BHARAT FORGE.
Here's an analysis of the annual report of AUTOMOTIVE AXLES for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of AUTOMOTIVE AXLES. Also includes updates on the valuation of AUTOMOTIVE AXLES.
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