Bharat Forge Financial Statements

Bharat Forge (BHARATFORG) reported revenue of ₹145.30B in FY2025 with net income of ₹9.41B. Total assets stood at ₹200.88B and free cash flow was ₹3.46B.

Bharat Forge Income Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Revenue		65.05B	106.57B	130.83B	159.09B	145.30B
Cost of Rev. Cost of Revenue		-26.34B	-42.16B	-59.61B	-73.79B	-65.94B
Gross Profit		38.71B	64.41B	71.22B	85.30B	79.36B
SGA Sales, General & Admin		-28.40B	-42.29B	-51.81B	-57.45B	-18.70B
Op. Income Operating Income		4.18B	14.82B	12.05B	19.37B	18.20B
PBT Profit Before Tax		45.20M	14.14B	8.60B	14.34B	14.56B
Net Income		-1.27B	10.77B	5.08B	9.10B	9.41B
Dil. Shares Diluted Shares		465.59M	465.59M	465.59M	465.59M	469.45M
Diluted EPS		-2.72	23.23	11.35	20.43	20.05

Figures in ₹ — millions (M), billions (B), trillions (T). EPS is earnings per share.

Understanding the Income Statement

The income statement shows Bharat Forge's revenue and expenses over a period. Revenue minus costs gives gross profit; after operating expenses, interest, and taxes, the remainder is net income. Diluted EPS divides net income by all shares that could exist if options and convertibles were exercised.

Bharat Forge Balance Sheet

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Curr. assets Total current assets		62.14B	79.31B	90.02B	100.16B	102.32B
Non-curr. assets Total non-current assets		69.63B	76.78B	93.82B	93.34B	98.56B
Total assets		131.78B	156.09B	183.84B	193.49B	200.88B
Curr. liabilities Total current liabilities		45.18B	61.14B	82.77B	92.80B	87.03B
Non-curr. liab. Total non-current liabilities		32.13B	28.68B	33.66B	29.04B	21.60B
Total liabilities		77.31B	89.82B	116.43B	121.84B	108.63B
Total equity		54.47B	66.27B	67.42B	71.65B	92.21B
Total liab. & eq. Total liabilities & equity		131.78B	156.09B	183.84B	193.49B	200.84B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding the Balance Sheet

The balance sheet captures Bharat Forge's financial position at a point in time — what it owns (assets), what it owes (liabilities), and the residual value to shareholders (equity). Total assets always equals total liabilities plus equity.

Bharat Forge Cash Flow Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Net Income		-254.54M	13.81B	8.27B	14.39B	14.56B
Operating CF Cash flow Operating Activities		10.20B	5.06B	12.94B	16.64B	17.96B
Capex Investments in PPE		-9.14B	-10.68B	-9.96B	-15.24B	-14.50B
Investing CF Cash flow Investing Activities		-15.11B	-6.90B	-16.71B	-6.67B	-19.64B
Dividend Paid		0	-1.64B	-3.25B	-3.80B	-4.22B
Financing CF Cash flow Financing Activities		5.78B	3.10B	2.80B	-2.03B	-5.70B
Cash (start) Cash at beginning of period		3.13B	4.47B	5.58B	5.09B	13.15B
Cash (end) Cash at end of period		4.00B	5.58B	5.09B	13.15B	6.21B
FCF Free Cash Flow		1.06B	-5.62B	2.98B	1.40B	3.46B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding Cash Flow

The cash flow statement tracks how Bharat Forge's cash moves through operations, investing, and financing activities. Free cash flow — operating cash minus capital expenditure — shows what is available to return to shareholders.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: Mar-2025