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Bharat Forge’s long-term potential looks strong

The strong performance of Bharat Forge was driven by a significant rise in demand in export markets, especially in the truck segment. Domestic business also saw a robust demand. Operating profitability improved due to the rich product mix

June 07, 2021 / 10:15 AM IST
Bharat Forge’s long-term potential looks strong

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Bharat Forge (BFL) (CMP: Rs 750, Mcap: Rs 34,970 crore), a leading metal forging auto ancillary, has posted a very strong set of numbers for the final quarter of FY21. The strong performance was driven by a significant rise in demand in export markets, especially in the truck segment. Domestic business also saw a robust demand. Operating profitability improved due to the rich product mix. While the second wave of Covid is expected to hurt financials during the first half of...

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