- Bharat Forge reported a net income of 3.1 billion rupees for the second quarter, missing the estimate of 3.17 billion rupees. This represents a 14% decrease compared to the previous year.
- Revenue for the quarter was 19.5 billion rupees, which fell short of the estimated 20.74 billion rupees and marked a 13% year-over-year decline.
- Total costs decreased by 13% this year to 15.6 billion rupees.
- Other income rose by 34% year-over-year to 464.6 million rupees.
- The company approved plans to raise up to 20 billion rupees through term loans, non-convertible debentures, or other debt instruments.
- Market analysts’ ratings for Bharat Forge are diverse, with 9 buy ratings, 8 hold ratings, and 11 sell ratings.
A look at Bharat Forge Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Bharat Forge seems to have a promising long-term outlook. With a strong dividend score of 4 and robust momentum score of 4, the company appears to be in a solid position to provide returns to investors and maintain positive market performance. Additionally, its growth and resilience scores of 3 indicate a moderate level of potential for expansion and the capability to withstand economic fluctuations.
Bharat Forge Limited, a company that manufactures steel forgings and machined components for various industries, has received a mix of scores across different factors. While the value score is rated at 2, suggesting some room for improvement in terms of valuation, the overall outlook, driven by the higher dividend, growth, resilience, and momentum scores, hints at a favorable trajectory for the company in the long run. It remains crucial for investors to keep a close eye on how the company navigates its growth and maintains its market momentum in the coming years.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
