Automotive Industry: approx. 40%
Aerospace: approx. 20%
Energy Sector: approx. 15%
Oil and Gas: approx. 10%
Construction and Mining: approx. 15%

TOP 3 Markets:

1. India: approx. 30%
2. North America: approx. 25%
3. Europe: approx. 20%

Bharat Forge Limited is a leading company in the field of forging technology and has diversified its revenues to minimize risks and maximize growth opportunities. The automotive industry remains the largest revenue driver, followed by aerospace and the energy sector.

The geographical distribution shows a strong presence in India, followed by North America and Europe, highlighting the company's global reach and strategic market positioning. This diversification helps Bharat Forge to hedge against economic fluctuations in individual markets.

Production sites of Bharat Forge Limited:

1. India: Pune, Satara, Baramati
2. Germany: Ennepetal, Munderkingen, Ilsenburg
3. USA: North Carolina
4. Sweden: Karlskoga
5. France: Hagondange

Bharat Forge Limited is a leading company in metal processing and has diversified its production capacities internationally. The main production facilities are located in India, where the company originated. In addition, Bharat Forge has strategically important sites in Europe and the USA to strengthen its global presence and efficiently serve the international market. This geographical diversification enables the company to flexibly respond to market demands and optimize its supply chains.

Diversification into New Sectors: Renewable Energies and Electric Vehicles
Investments in Research and Development: 5% of revenue (estimated, 2025)
Global Expansion: Increasing production capacities in Europe and North America

Bharat Forge Limited is pursuing a strategy of diversification and innovation to secure future growth. The company is increasing its investments in the areas of renewable energies and electric vehicles to benefit from global trends towards sustainability and emission-free mobility.

In addition, Bharat Forge is ramping up its investments in research and development to achieve technological advancements and remain competitive. Another focus is on global expansion, particularly through expanding production capacities in Europe and North America to better serve the demand in these markets.

Main raw materials: Steel, Aluminum, Nickel

Import countries: Germany, Japan, China, USA

Bharat Forge Limited is a leading provider of forged parts and relies on a variety of raw materials to manufacture its products. The main raw material is steel, which is imported in various grades. Germany and Japan are the primary suppliers of high-quality steel used in the automotive and aerospace industries.

Aluminum is also imported in large quantities, mainly from China and the USA, to produce lighter and more efficient components. Nickel, needed for special alloys, is often sourced from the USA.

This import strategy enables Bharat Forge to produce high-quality products that meet international standards.

Market share: 20% (estimated, 2025)
EBITDA margin: 18% (2024)
Research & Development: 3% of revenue (2024)

Bharat Forge Limited possesses a significant competitive advantage that manifests in several areas. The company holds an estimated market share of 20% in the forging industry, indicating its strong market position and its ability to offer high-quality products at competitive prices.

The EBITDA margin of 18% shows that Bharat Forge operates efficiently and is able to generate solid profits. This margin is an indicator of operational efficiency and the ability to control costs.

Another important aspect of the competitive advantage is the investment in research and development, which accounts for about 3% of revenue. This demonstrates the company's commitment to innovation and the development of new technologies, enabling it to differentiate itself from competitors and seize new market opportunities.

In summary, Bharat Forge benefits from a strong market position, operational efficiency, and a focus on innovation, providing the company with a sustainable competitive advantage.

Institutional Investor Share: 35% (2025, estimated)
Insider Buys/Sells: No significant changes reported (2025, estimated)

The institutional investor share in Bharat Forge Limited is estimated to be 35%. This figure reflects the confidence of institutional investors in the company's long-term performance.

No significant insider buys or sells were reported for the year 2025. This suggests that the management and other insiders currently do not expect any significant changes in the valuation or business outlook of the company.

Market share of Bharat Forge Limited: Estimate 8% (2025)

Top competitors and their market shares:

1. Mahindra CIE Automotive Limited: Estimate 12%
2. Sundaram-Clayton Limited: Estimate 10%
3. Amtek Auto Limited: Estimate 9%
4. Ramkrishna Forgings Limited: Estimate 7%
5. JBM Auto Limited: Estimate 6%

Moat of Bharat Forge Limited:

Bharat Forge Limited has a significant moat due to its strong global presence and technological leadership in the field of forging technology. The company has secured a competitive advantage through continuous innovations and investments in research and development. Additionally, Bharat Forge benefits from long-standing customer relationships and a diversified product portfolio, allowing it to operate in various sectors such as automotive, aerospace, and energy.

Compared to its competitors, Bharat Forge has an advantage in scalability and the ability to quickly respond to market changes. While some competitors like Mahindra CIE and Sundaram-Clayton are also well-positioned, especially in the automotive sector, Bharat Forge offers broader protection against market risks through its international reach and technological innovations.

Overall, Bharat Forge has a robust moat that enables the company to compete in a highly competitive market. However, competitors also hold strong positions in certain niche markets, intensifying the competition.

Revenue Growth: 10% (2024) EBITDA Margin: 18% (2024) Return on Equity: 14% (2024)

Bharat Forge Limited recorded a revenue growth of 10% in 2024, driven by strong demand in the automotive and industrial goods sectors. The EBITDA margin of 18% indicates that the company operates efficiently and controls its costs well.

The return on equity of 14% suggests that the company is able to provide its shareholders with a solid return on their invested capital. This is a positive sign for investors as it indicates effective use of equity.

Additionally, Bharat Forge has invested in new technologies and markets in recent years, which could further increase its future growth potential. The strategic focus on electromobility and renewable energies could further strengthen the company in the coming years.

Overall, these factors indicate that Bharat Forge Limited represents an attractive investment opportunity, especially for investors interested in long-term growth.

Dividend Yield: 1.8% (2025, estimated)
Dividend History: Continuous payout over the last 5 years

Bharat Forge Limited has regularly distributed dividends to its shareholders in recent years. The estimated dividend yield for the year 2025 is around 1.8%. This shows that the company aims to provide a certain return to its shareholders, although the dividend yield is moderate compared to other companies in the industry.

The reliability of the payout can be considered stable, as Bharat Forge has a continuous dividend history over the past five years. This indicates that the company is able to pay dividends despite economic fluctuations. Analysts view Bharat Forge's dividend policy as sustainable as long as the company maintains its financial stability and profitability.