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- BHARAT FORGE - AUTOMOTIVE AXLES
BHARAT FORGE vs AUTOMOTIVE AXLES - Comparison Results
BHARAT FORGE Change
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
AUTOMOTIVE AXLES 
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
Current Valuations
| BHARAT FORGE | AUTOMOTIVE AXLES | BHARAT FORGE/ AUTOMOTIVE AXLES |
|||
|---|---|---|---|---|---|
| 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% |
Financials
 BHARAT FORGE  AUTOMOTIVE AXLES |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| BHARAT FORGE Mar-20 |
AUTOMOTIVE AXLES Mar-19 |
BHARAT FORGE/ AUTOMOTIVE AXLES |
5-Yr Chart Click to enlarge
|
||
| 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% | |
Share Holding
| 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
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Related Views on News
BHARAT FORGE 2019-20 Annual Report Analysis (Annual Result Update)
Oct 21, 2020 | Updated on Oct 21, 2020Here'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.
BHARAT FORGE Announces Quarterly Results (3QFY20); Net Profit Down 58.7% (Quarterly Result Update)
Feb 17, 2020 | Updated on Feb 17, 2020For 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.
AUTOMOTIVE AXLES Announces Quarterly Results (2QFY20); Net Profit Down 80.5% (Quarterly Result Update)
Nov 11, 2019 | Updated on Nov 11, 2019For 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.
BHARAT FORGE 2018-19 Annual Report Analysis (Annual Result Update)
Sep 16, 2019 | Updated on Sep 16, 2019Here'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.
AUTOMOTIVE AXLES 2018-19 Annual Report Analysis (Annual Result Update)
Sep 16, 2019 | Updated on Sep 16, 2019Here'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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