Bharat Forge Ltd

Bharat Forge Ltd Share Price Today: Live Updates & Key Insights

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Bharat Forge Ltd Share Price Chart

Bharat Forge Ltd Fundamentals

Traded Volume: 7,96,865

Market Cap(Cr): 67,420

Avg Traded Price 1415.46

1 Year return 8.79%

Upper Circuit 1,435.9

Lower Circuit 1,406.3

P/E TTM 63.00

P/B Ratio 23.00

Traded Value(Cr) 11237.39

EPS TTM 22.541

Book value 22.541

Dividend 1.00%

Bharat Forge Ltd Share Price Performance

Shows the percentage change in stock price over different time periods

This section highlights Bharat Forge Ltd stock price performance across key timeframes, including 1-week, 1-month, 3-month, Year-To-Date (YTD), and 1-year returns. It provides insights into the Bharat Forge Ltd share price history, short-term movements, long-term trends, and overall investor sentiment

1W +1.54%

1M +13.02%

3M +21.68%

1Y +8.79%

YTD +10.42%

Bharat Forge Ltd Traded Volume Movement

Shows the trading volume over different time periods

This section highlights Bharat Forge Ltd daily and average traded volumes, offering insights into investor activity and market liquidity. Higher volumes than average often indicate rising interest, news impact, or shifting market sentiment

Yesterday 9.03L

Day Before Yesterday 24.77L

1W Avg 14.97L

1M Avg 12.80L

3M Avg 12.35L

Bharat Forge Ltd Technical Details

Bharat Forge Ltd technical indicators, such as support and resistance levels and pivot points, are calculated based on historical price and volume trends. These metrics help traders anticipate possible price movements and make informed trading decisions.

Support 1 1399

Support 2 1388

Support 3 1369

Pivot Point : 1417

Resistance 1 1429

Resistance 2 1447

Resistance 3 1458

Bharat Forge Ltd Corporate Actions

Bharat Forge Ltd corporate actions include dividends, bonus issues, stock splits, and key company updates that may affect share price and investor sentiment. This section provides timely details on past and upcoming actions, including ex-date, record date, and payout ratio - helping investors make informed decisions based on Bharat Forge Ltd’s capital allocation strategies.

All

Ex-Date 04-Jul-2025 Type D Description 6.00/share@300.00% Record Date 04-Jul-2025 Ratio 300.00

Ex-Date 18-Feb-2025 Type D Description 2.50/share@125.00% Record Date 18-Feb-2025 Ratio 125.00

Ex-Date 05-Jul-2024 Type D Description 6.50/share@325.00% Record Date 05-Jul-2024 Ratio 325.00

Ex-Date 23-Feb-2024 Type D Description 2.50/share@125.00% Record Date 23-Feb-2024 Ratio 125.00

Ex-Date 07-Jul-2023 Type D Description 5.50/share@275.00% Record Date 07-Jul-2023 Ratio 275.00

Ex-Date 24-Nov-2022 Type D Description 1.50/share@75.00% Record Date 25-Nov-2022 Ratio 75.00

Ex-Date 14-Jul-2022 Type D Description 5.50/share@275.00% Record Date 15-Jul-2022 Ratio 275.00

Ex-Date 25-Nov-2021 Type D Description 1.50/share@75.00% Record Date 26-Nov-2021 Ratio 75.00

Ex-Date 15-Jul-2021 Type D Description 2.00/share@100.00% Record Date 16-Jul-2021 Ratio 100.00

Ex-Date 03-Mar-2020 Type D Description 2.00/share@100.00% Record Date 04-Mar-2020 Ratio 100.00

Ex-Date 20-Nov-2019 Type D Description 1.50/share@75.00% Record Date 21-Nov-2019 Ratio 75.00

Ex-Date 01-Aug-2019 Type D Description 2.50/share@125.00% Record Date - Ratio 125.00

Ex-Date 15-Nov-2018 Type D Description 2.50/share@125.00% Record Date 16-Nov-2018 Ratio 125.00

Ex-Date 27-Jul-2018 Type D Description 2.50/share@125.00% Record Date - Ratio 125.00

Ex-Date 16-Nov-2017 Type D Description 2.00/share@100.00% Record Date 18-Nov-2017 Ratio 100.00

Ex-Date 28-Sep-2017 Type B Description share@1:1 Record Date 30-Sep-2017 Ratio 1:1

Ex-Date 28-Jul-2017 Type D Description 5.00/share@250.00% Record Date - Ratio 250.00

Ex-Date 16-Feb-2017 Type D Description 2.50/share@125.00% Record Date 18-Feb-2017 Ratio 125.00

Ex-Date 25-Jul-2016 Type D Description 0.50/share@25.00% Record Date - Ratio 25.00

Ex-Date 18-Mar-2016 Type D Description 4.00/share@200.00% Record Date 21-Mar-2016 Ratio 200.00

Ex-Date 17-Feb-2016 Type D Description 3.00/share@150.00% Record Date 19-Feb-2016 Ratio 150.00

Ex-Date 20-Jul-2015 Type D Description 4.50/share@225.00% Record Date - Ratio 225.00

Ex-Date 11-Feb-2015 Type D Description 3.00/share@150.00% Record Date 12-Feb-2015 Ratio 150.00

Ex-Date 21-Aug-2014 Type D Description 2.50/share@125.00% Record Date - Ratio 125.00

Ex-Date 13-Feb-2014 Type D Description 2.00/share@100.00% Record Date 14-Feb-2014 Ratio 100.00

Ex-Date 01-Aug-2013 Type D Description 2.40/share@120.00% Record Date - Ratio 120.00

Ex-Date 07-Mar-2013 Type D Description 1.00/share@50.00% Record Date 08-Mar-2013 Ratio 50.00

Ex-Date 19-Jul-2012 Type D Description 2.50/share@125.00% Record Date - Ratio 125.00

Ex-Date 07-Mar-2012 Type D Description 1.50/share@75.00% Record Date 09-Mar-2012 Ratio 75.00

Ex-Date 04-Aug-2011 Type D Description 3.50/share@175.00% Record Date - Ratio 175.00

Ex-Date 15-Jul-2010 Type D Description 1.00/share@50.00% Record Date - Ratio 50.00

Ex-Date 16-Jul-2009 Type D Description 1.00/share@50.00% Record Date - Ratio 50.00

Ex-Date 31-Jul-2008 Type D Description 3.50/share@175.00% Record Date - Ratio 175.00

Ex-Date 19-Jul-2007 Type D Description 3.50/share@175.00% Record Date - Ratio 175.00

Dividends

Announcement Date 04-Jul-2025 Ex Dividend Date 04-Jul-2025 Dividend(%) 300

Announcement Date 18-Feb-2025 Ex Dividend Date 18-Feb-2025 Dividend(%) 125

Announcement Date 05-Jul-2024 Ex Dividend Date 05-Jul-2024 Dividend(%) 325

Announcement Date 23-Feb-2024 Ex Dividend Date 23-Feb-2024 Dividend(%) 125

Announcement Date 07-Jul-2023 Ex Dividend Date 07-Jul-2023 Dividend(%) 275

Announcement Date 24-Nov-2022 Ex Dividend Date 24-Nov-2022 Dividend(%) 75

Announcement Date 14-Jul-2022 Ex Dividend Date 14-Jul-2022 Dividend(%) 275

Announcement Date 25-Nov-2021 Ex Dividend Date 25-Nov-2021 Dividend(%) 75

Announcement Date 15-Jul-2021 Ex Dividend Date 15-Jul-2021 Dividend(%) 100

Announcement Date 03-Mar-2020 Ex Dividend Date 03-Mar-2020 Dividend(%) 100

Announcement Date 20-Nov-2019 Ex Dividend Date 20-Nov-2019 Dividend(%) 75

Announcement Date 01-Aug-2019 Ex Dividend Date 01-Aug-2019 Dividend(%) 125

Announcement Date 15-Nov-2018 Ex Dividend Date 15-Nov-2018 Dividend(%) 125

Announcement Date 27-Jul-2018 Ex Dividend Date 27-Jul-2018 Dividend(%) 125

Announcement Date 16-Nov-2017 Ex Dividend Date 16-Nov-2017 Dividend(%) 100

Announcement Date 28-Jul-2017 Ex Dividend Date 28-Jul-2017 Dividend(%) 250

Announcement Date 16-Feb-2017 Ex Dividend Date 16-Feb-2017 Dividend(%) 125

Announcement Date 25-Jul-2016 Ex Dividend Date 25-Jul-2016 Dividend(%) 25

Announcement Date 18-Mar-2016 Ex Dividend Date 18-Mar-2016 Dividend(%) 200

Announcement Date 17-Feb-2016 Ex Dividend Date 17-Feb-2016 Dividend(%) 150

Announcement Date 20-Jul-2015 Ex Dividend Date 20-Jul-2015 Dividend(%) 225

Announcement Date 11-Feb-2015 Ex Dividend Date 11-Feb-2015 Dividend(%) 150

Announcement Date 21-Aug-2014 Ex Dividend Date 21-Aug-2014 Dividend(%) 125

Announcement Date 13-Feb-2014 Ex Dividend Date 13-Feb-2014 Dividend(%) 100

Announcement Date 01-Aug-2013 Ex Dividend Date 01-Aug-2013 Dividend(%) 120

Announcement Date 07-Mar-2013 Ex Dividend Date 07-Mar-2013 Dividend(%) 50

Announcement Date 19-Jul-2012 Ex Dividend Date 19-Jul-2012 Dividend(%) 125

Announcement Date 07-Mar-2012 Ex Dividend Date 07-Mar-2012 Dividend(%) 75

Announcement Date 04-Aug-2011 Ex Dividend Date 04-Aug-2011 Dividend(%) 175

Announcement Date 15-Jul-2010 Ex Dividend Date 15-Jul-2010 Dividend(%) 50

Announcement Date 16-Jul-2009 Ex Dividend Date 16-Jul-2009 Dividend(%) 50

Announcement Date 31-Jul-2008 Ex Dividend Date 31-Jul-2008 Dividend(%) 175

Announcement Date 19-Jul-2007 Ex Dividend Date 19-Jul-2007 Dividend(%) 175

Bonus

Record Date 30-Sep-2017 Ex-Bonus Date 28-Sep-2017 Ratio 1:1

Splits

No Split has been declared by BHARATFORG

Others

Rights No Rights has been declared by BHARATFORG

Bharat Forge Ltd Peer Comparison

Shows key financial metrics for the company and its peers

This section compares Bharat Forge Ltd with leading peers in the banking sector based on key metrics such as market capitalization, 1-year return, P/E (TTM), and PB ratio. It helps investors evaluate Bharat Forge Ltd's relative performance and valuation against major competitors.

Stock Name Bharat Forge Ltd ₹1410.20 (-1.76%) M. Cap (Cr) 674.20 1 Yr Return (%) +8.79% P/E (TTM) 62.56 PB Ratio 7.29

Stock Name AIA Engineering Ltd ₹3698.70 (-3.67%) M. Cap (Cr) 348.86 1 Yr Return (%) +8.55% P/E (TTM) 30.63 PB Ratio 4.98

Stock Name Ramkrishna Forgings Ltd ₹535.00 (-1.09%) M. Cap (Cr) 96.85 1 Yr Return (%) -44.48% P/E (TTM) 32.06 PB Ratio 3.29

Stock Name Happy Forgings Ltd ₹1016.30 (-2.39%) M. Cap (Cr) 95.84 1 Yr Return (%) -4.66% P/E (TTM) 35.33 PB Ratio 5.18

Stock Name Balu Forge Industries Ltd ₹628.90 (-1.72%) M. Cap (Cr) 71.69 1 Yr Return (%) -17.24% P/E (TTM) 29.39 PB Ratio 7.41

Stock Name Steelcast Ltd ₹219.01 (-2.45%) M. Cap (Cr) 22.16 1 Yr Return (%) +45.93% P/E (TTM) 24.88 PB Ratio 6.80

Stock Name Amic Forging Ltd ₹1501.00 (-0.90%) M. Cap (Cr) 17.43 1 Yr Return (%) +21.20% P/E (TTM) 44.34 PB Ratio 18.06

Bharat Forge Ltd Cash Flow

Cash flow data provides a view of how money is generated and spent by Bharat Forge Ltd, across its operating activities, investing activities, and financing activities.

PARTICULARS Operating Activities Mar 2025 1701.16 Mar 2024 2091.56 Mar 2023 788.26 Mar 2022 275.45 Mar 2021 813.74

PARTICULARS Investing Activities Mar 2025 -2840.71 Mar 2024 -808.77 Mar 2023 -600.79 Mar 2022 -248.68 Mar 2021 -1129.95

PARTICULARS Financing Activities Mar 2025 457.04 Mar 2024 -640.51 Mar 2023 -172.28 Mar 2022 74.73 Mar 2021 368.49

PARTICULARS Net Cash Flow Mar 2025 -682.36 Mar 2024 643.57 Mar 2023 19.95 Mar 2022 101.86 Mar 2021 52.28

Bharat Forge Ltd Shareholding Pattern

This shows the ownership breakdown of Bharat Forge Ltd, highlighting participation from Foreign Institutional Investors (FII), Mutual Funds, Public, Other Institutions, and Promoters.

Promoter 44.07%

Public 10.05%

Other Institutions 10.75%

FII 13.62%

Mutual Funds 21.51%

About Bharat Forge Ltd

Bharat Forge Limited (BFL), the Pune based Indian multinational, is a global provider of high performance, innovative, safety & critical components and solutions to various industrial sectors including Automotive, Railways, Power, Defence, Construction & Mining, Aerospace, Marine and Oil & Gas. The company is a part of Kalyani Group and has evolved into a diversified, global conglomerate, engineering critical solutions for automotive and industrial OEMs. Presently, Company is engaged in the manufacturing and selling of forged and machined components including aluminium castings for the auto and industrial sectors. It operate manufacturing facilities at Mundhwa, Baramati, Chakan, Satara and Nellore locations. Bharat Forge Limited was incorporated in 1961. In 1996, the company commenced commercial production. In the year 1995, the company commenced exports to erstwhile USSR by winning a large contract for under carriage components. In the year 1990, they made investment in state-of-art forging technology. Also, they commissioned 16000 MT press line. In the year 1991, the company commenced supply of engine & chassis components to Japan, USA and UK. In the year 2001, the company commissioned their second 16000 MT press line. Also, they acquired the order book of Dand Kirkstall. In the year 2002, they made investment of $ 80 million in Research & Development, Testing & Validation and state-of-the-art Heavy Duty Truck Crankshaft Machining facilities. In November 21, 2003, the company acquired Carl Dan Peddinghus GmbH & Co. KG (CDP) of Germany and with this acquisition, the company emerged as world's second largest forging company. Also, they acquired Imatra Kilsta AB, Sweden & Scottish Stampings, Scotland. In the year 2005, the company signed a joint venture contract with FAW Corporation for their forging business. In September 21, 2005, the company through their wholly owned subsidiary, Bharat Forge Beteiligungs GmbH, Germany, acquired Imatra Kilsta AB, Sweden along with its wholly owned subsidiary, Scottish Stampings Ltd, Scotland (together called Imatra Forging Group), which are now renamed as Bharat Forge Kilsta AB (BF Kilsta) and Bharat Forge Scottish Stampings Ltd, respectively. Also, they acquired Federal Forge now known as Bharat Forge America Inc., which provided the company with a manufacturing presence in USA, one of their largest markets.In the year 2006, the company made investment of $ 100 million to set-up dedicated state-of-the-art forging & machining facilities for non-auto components. In the year 2008, they signed an MoU with NTPC. In August 2008, they commissioned India's Largest Commercial Open Forging Press. Also, the company in association with Alstom formed a joint venture in Indian to manufacture state-of-the-art super critical power plant equipment. In March 2009, the company started operations in the new state-of-the-art 80 Mtr-T counterblow hammer in Baramati for production of heavy forgings for large diesel engines and aerospace applications as well as Machining line for heavy duty.During the year 2009-10, the company incorporated a joint venture (JV) company, BF-NTPC Energy Systems Ltd (BFNESL), with a 51% equity interest held by the company and balance held by NTPC Limited for the manufacture of critical items of Balance of Plants and other equipment for which India still remains dependent on imports. Also, the company set up two joint venture companies in partnership with ALSTOM Power Holdings S.A. for manufacturing sub-critical and supercritical thermal power plant equipment. The two JV companies named ALSTOM Bharat Forge Power Ltd and Kalyani ALSTOM Power Ltd will manufacture turbine and generators for power plants in the 300- 800 MW range and auxiliaries like heat exchangers, condensers and deaeraters, respectively. During the year, the company entered into Preliminary Joint Venture and Shareholders' Agreement with AREVA NP, France, to create a manufacturing facility for heavy forgings and castings for the power sector particularly Nuclear Power segment and other heavy industries in India. In January 2010, the first phase of the capacity creation plan for the non-auto components business was completed with the commissioning of the ring rolling facility at Baramati. Also, they established Kalyani Centre for Technology & Innovation. During the year 2010-11, the company commissioned new vertical heat treatment facility for manufacture of Turbine and Generator Rotors alongwith thermo stability test facility. Also, Ring Rolling Mill in BARAMATI became fully operational and became a supplier of critical rings for different customers specially for Gear Box manufacturers. Also, they company made an additional investment of Rs 150 crore in expanding machining line further for crankshaft machining in Baramati.In 2012, the companie's power equipment joint-venture with Alstom bags Rs. 1,570 crore order from NTPC Ltd.In 2013, NTPC orders three supercritical turbine islands from Alstom-Bharat. Bharat Forge, Alstom Power JV bags Rs 2,251 cr order from NTPC.In 2014, there was a amalgamation of Joint Venture Companies -'Safran and Bharat Forge to form partnership to address opportunities in Indian civil and military aerospace'. The Kalyani Group Sign a Strategic Partnership for the Air Defence of IndiaIn 2015, High Tech Rail Component Manufacturing Facility at Bharat Forge Centre for Advanced Manufacturing, Baramati was inaugurated. Also during the year, production began at Alstom-Bharat Forge's new turbine and generator manufacturing facility in India. The company awarded Recognition Prize - Energy Efficiency Award 2015. Also during the year, the company announced the acquisition of Oil & Gas Machining Company, Mecanique Generale Langroise (MGL) in France. During the year, Bharat Forge formalized a significant supply agreement for long term co-operation with Rolls-Royce. On 17 February 2016, Boeing and Bharat Forge (BFL) announced the first shipment of titanium flap-track forgings made by the Indian supplier for Boeing's Next-Generation 737. Bharat Forge will also supply forgings for the 737 MAX, scheduled to enter into service in 2017. The companies continue to address opportunities to expand BFL work in support of Boeing and its supply chain partners around the world. BFL also intends to expand its capabilities to offer higher value machining and manufacture of assemblies.On 29 March 2016, Bharat Forge announced that the company has teamed up with US based AM General LLC to bid for India's Light Specialist Vehicle (LSV) program using AM General's battle-tested HMMWV as the LSV's base platform - with final build and production to take place in India. The teaming between the two companies will lead to providing cost effective and best-in-class mobility solutions for Indian Armed Forces. On 26 April 2016, Bharat Forge announced that Boeing has awarded a contract to the company for titanium forgings for the Boeing 777X. The titanium forgings will be developed and manufactured by Bharat Forge using a closed die forging process. On 7 June 2016, Bharat Forge announced that its joint venture with GE viz. Alstom Bharat Forge Power Private Ltd. (ABFPPL) has won a contract worth $219 million approximately from NTPC. ABFPPL will supply two units of 800 MW ultra-supercritical Steam Turbine Generator Islands, on EPC basis, along with related civil work for the Telangana Super Thermal Power Project Phase-1. On 8 November 2016, Bharat Forge announced that its Board of Directors has approved divestment of its 49% stake in the power equipment JV with Alstom, Alstom Bharat Forge Power Private Limited (ABFPL) for US$ 35 million. The JV incorporated in Delhi with its manufacturing facility at Sanand was formed in 2009 to address opportunities arising from the expansion in the Indian power sector. On 18 November 2016, the Finance & Risk Management Committee constituted by the Board of Directors of Bharat Forge Limited (BFL) approved the proposed acquisition of 100% shareholding of Walker Forge Tennessee LLC (WFT) through the company's US subsidiary, Bharat Forge America. WFT is a leading supplier of complex, steel and high-alloy steel, engine & chassis components to a diverse group of customers across Automotive & Industrial sectors. The transaction value is US$ 14 million which will be funded through internal accruals & debt. This proposed acquisition is focused on establishing BFL's manufacturing footprint in North America and on increasing BFL's product offering into the Passenger Car and Commercial Vehicle segments as well into industrial sectors such as Construction & Mining and allied industries. This will also enable BFL to expand its presence in North America.Kalyani Rafael Advanced Systems (KRAS), a Joint Venture between Kalyani Strategic Systems Ltd., a subsidiary of Bharat Forge, and Rafael Advanced Defense Systems Ltd. of Israel, inaugurated their state-of-the-art facility at Hyderabad on 3 August 2017. KRAS would be India's first private sector advanced defence sub-systems manufacturing entity. Spread across an area of 24,000 sq.ft., the facility will enable production of high-end technology systems for Indian Armed Forces. It will be engaged in development of a wide range of advanced capabilities like Command Control and Guidance, Electro-Optics, Remote Weapon Systems, Precision Guided Munitions and System Engineering for System Integration. The facility will also target to export products to other countries.The Board of Directors of Bharat Forge (BFL) at its meeting held on 10 August 2017 approved acquisition of the entire remaining 40% stake in its subsidiary company - Analogic Controls India Limited (ACIL). Upon acquisition, ACIL will become a wholly owned subsidiary of the company. ACIL is engaged in the design and development of reliable onboard/ground systems, safety arming mechanism, launcher relay unit, reliable electronic systems and sub-systems for mission critical applications. ACIL offers products and services for mission technologies of national importance in Defence, Aerospace, Communications and Industrial Electronics. ACIL clocked turnover of Rs 7.34 crore in FY 2016-17. BFL, the erstwhile promoters of ACIL and ACIL had entered into a Share Subscription Agreement and Shareholders' Agreements on 23 April 2013 and 18 June 2013 respectively, for acquiring 60% stake in ACIL by BFL.The Board of Bharat Forge at its meeting held on 10 August 2017 also recommended issue of bonus shares to the holders of equity shares of the company in the ratio of 1:1. Further On October 3, 2017, the Company had issued bonus shares, in the proportion of 1:1 i.e. 1 (one) bonus equity share of Rs 2/- each for every 1 (one) fully paid-up equity share. Accordingly the Company has allotted 232,794,316 Equity shares of Rs 2/- each fully paid-up, to the shareholders of the Company. On 10 August 2017, Bharat Forge announced that it has secured its maiden order from the Ministry of Defence to supply 1,050 Dual Technology Detection Equipment. The order worth Rs 201.60 crore, will be manufactured in India and is to be concluded within two years. On 17 January 2018, Bharat Forge announced that it has opened a Research & Development facility in UK, in MIRA Technology Park, the UK's leading automotive technology park and Enterprise Zone, where it will be developing components & sub-systems focused on Electric Vehicles. This facility will complement the capabilities & knowledge established over the past 2 years in Kalyani Centre for Technology & Innovation (KCTI) & Kalyani Centre for Manufacturing Innovation (KCMI) in Pune focused on delivering solutions for Electric Vehicles. On 8 February 2018, Bharat Forge announced strategic investment of upto Rs 30 crore for eventual stake of 45% in an EV startup, Tork Motorcycles. Bharat Forge is making a strategic investment in Tork Motorcycles as a part of its overall E-Mobility powertrain development. Tork's strength lies in its in-house team that has designed, developed and built the complete electric motorcycle. Their knowledge in the overall EV powertrain development will help Bharat Forge gain access to technologies in personal E-mobility space. Accordingly, the Company has acquired first tranche of 30.37%. TORK Motors is an electric drive train company mainly focused on electrical two wheeler and/or premium electric motor cycle.During the FY2018,the Company has purchased remaining 40% shares of Analogic Control India Limited (ACIL), from its erstwhile promoters. With this acquisition, ACIL became a WhollyOwned Subsidiary of the Company. Further, during the year the Company has completed the sale of remaining balance equity of 26% in the power equipment Joint Venture, Alstom Bharat Forge Power Private Limited (ABFPPL). With this divestment, the Company has completed its total divestment in ABFPPL. During the year 2017-18,the Company also incorporated a wholly owned subsidiary in Israel viz. Indigeneous IL Limited with an objective of exploring targets in technology, space and also explore tie-ups with universities/tehnology institutions in further upgrading research and development initiatives in various new technologies.As on 31 March 2018,the company had 20 subsidiaries and one associate company under its roof.During the FY2019, the company has generated strong cash flows of Rs 1,225 Million despite committing a Capex of Rs 8,500 Million during the year. In FY'19, the Company installed the first CLWT machine, a 4200 T die-casting machine which is the biggest in India and the 5th largest inthe world. Besides this, it acquired customers even before completing the plant construction of the CLWT plant.During the FY2020,the Company promoted and incorporated a wholly-owned subsidiary company in the name of Kalyani Centre for Precision Technology Limited (KCPTL), to carry out manufacturing activities of auto parts.As on March 31, 2020, the Company has 25 subsidiaries (including step down subsidiaries) and 4 Associate Companies.Capex incurred in the year 2019-20 amounting to Rs 5,164 Million towards forging and machining capacity in Maharashtra.In FY'20, the Company executed the commissioning of CLWT plant. It started localizing electric powertrain for intermediate and Light Commercial Vehicle (ILCV) and 9M Bus segment in India.On July 10, 2020 Bharat Forge Hong Kong (BFHK) Limited, a step down subsidiary of the Group was deregistered and dissolved. The closure of BFHK did not have any material impact on the operations/results of the Group. On March 16, 2021, the Company invested Rs 0.01 million to acquire 100% stake ln equity of Kalyani Powertrain Private Limited to undertake various initiative for e-mobility business.On May 06, 2021, the Company invested Rs 0.10 million to acquire 100% stake in equity of BF Industrial Solutions Private Limited (formerly known as Nouveau Power & Infrastructure Private limited) as a special purpose vehicle (SPV) for implementation of approved resolution plan of National Company Law Tribunal (the NCLT) for acquisition of Sanghvi Forging & Engineering limited, Baroda in terms of Insolvency and Bankruptcy code, 2016.During FY'21, the Company received prestigious order from a major global OEM for forging and pre-machined components. It completed trials for three - Kalyani M4 vehicle, Kalyani Maverick and Mine Protected Vehicle (MPV). Further trials for JV Protective Carbine (JVPC) and FSAPDS were also completed. It was awarded a contract to supply the Kalyani M4 vehicle. In FY 2022, the Company's subsidiary, Kalyani Powertrain Limited (KPTL) received maiden order for supply of products such as High Voltage High Power DC-DC Convertors, Motor Controllers for 2W applications from an Indian OEM. Its subsidiary company, Tork Motors launched its flagship product line of Electric Motorbike, KRATOS and KRATOS-R which received 2000 orders for these bikes .In FY'22, the Company in collaboration with NASA JPL developed ventilators (FDA approved for emergency use authorization), in and around Pune, which was in great demand during the pandemic. It acquired erstwhile Sanghvi Forging & Engineering Limited (SFEL) for Rs. 900 million. It completed the capex and commercial production at its aluminum forging facility in North Carolina, US. With this, the Company now has two operational aluminum forgings plants; one in the US and the other in Germany. Its Advanced Towed Artillery Gun System (ATAGS), designed by DRDO, has completed its fifth and final firing trials. Apart from this, the Company signed the SPA to acquire Coimbatore-based JS Auto Cast Foundry India. It bagged new business worth Rs. 10,000 Million in FY 2022, bulk of order wins coming from PV & Industrial sectors.In FY'22, the Company productionalized and shipped the Kalyani M4 armored vehicle to Indian Army for UN Peacekeeping mission. Its KM4 armored vehicles became the only one in category to complete desert trials at Rann of Kutch. During the year 2022, it diversified into new areas of Command, Control, Communications, Computers (C4) Intelligence, Surveillance and Reconnaissance (C4ISR) by participating and winning the iDex challenge through subsidiaries and partners. It made strategic investments in Tevva Motors Limited, UK, Tork Motors Pvt Ltd, India and established global 50:50 JV, REFU Drive GmbH with Prettl Group, Germany.During the year 2022-23, the Company subscribed to 26% of paid-up share capital of Avaada MHVidarbha Private Limited on April 19, 2022 and Avaada became an associate of the Company. Kalyani Powertrain Limited (KPL), a WOS of the Company incorporated a WOS in the name, of Electroforge Limited on July 25, 2022 and accordingly, Electroforge Limited was made a step-down subsidiary of the Company. During 2022-23, the Company acquired Coimbatore-based casting and machining company, JS Autocast Foundry India Private Limited (JSA) effective on July 01, 2022. It commenced commercial production at t its aluminum forging facility in North Carolina, US. The Company through BF Infrastructure Limited (BFIL), its WOS got into a Share Purchase Agreement in Feb' 23 with PNC Infratech Limited and Ferrovia Transrail Solutions Private Limited for purchase of 51% shareholding in Ferrovia. The BFIL's shareholding in Ferrovia increased from 49% to 100%, which resulted Ferrovia becoming a WOS of BFIL and a step-down subsidiary of the Company. The Company transferred its stake held in its WOS, Analogic Controls India Limited (ACIL) and its associate Aeron Systems Private Limited to its WOS, Kalyani Strategic Systems Limited (KSSL), and consequently, ACIL became a WOS of KSSL and a step-down subsidiary of the Company. To further consolidate the defence business, with effect from March 10, 2023, ACIL has merged into KSSL.In 2024, the liquid metal capacity at J S Auto Cast increased to 130,000 MT per annum. The Company acquired the SEZ unit of Indo-Shell Mould, located within 3 km of the main Foundry unit at SIPCOT, Coimbatore, making its expansion into automobile castings.In FY 2025, Company made an initial entry into the value chain of high-tech electronics manufacturing - on both the equipment and EMS fronts. It acquired 100% interest in the axles business and the Design Centre located at Pune of AAM India Manufacturing Corporation Private Ltd (AAMIMCPL). Company announced advanced aerospace component facility in Pune for manufacturing aero structure and landing gear components.

Chairman & Managing Director

B N Kalyani

Registered office Mundhwa, Pune Cantonment, Pune, Maharashtra, 411036

FAX :91-020-6704 2777/2476

Background

Incorporation Year 1961

Face Value ₹2.00

Market Lot 1

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