# BHARATFORG (BHARATFORG) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/bharatforg

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,962.1
- Change: +2.26%
- As of: 2026-09-18
- 1D return: +2.26%
- 5D return: +0.37%
- 1M return: -4.84%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, BHARATFORG is trading at ₹1962.1, with a mixed technical stance across different timeframes. Daily indicators suggest a bearish trend, with the price below key moving averages like the 20-day EMA (₹1986.16) and 50-day EMA (₹2031.9), and the Supertrend indicator at ₹2034.52 signaling bearish conditions. This is contrasted by a bullish trend on the monthly timeframe, where the price is above the 20-day EMA (₹1672.88) and the Supertrend indicator at ₹1457.8. The weekly timeframe shows a bullish Supertrend (₹1887.33) with the price above the 50-week EMA (₹1800.9) but below the 20-week EMA (₹1998.83), indicating potential short-term weakness within a longer-term upward trend. Recent anomalies include a high-severity upward gap on September 18, 2026, and a moderate wide intraday range on September 8, 2026. A weekly Bullish Engulfing Reversal pattern was active as of September 18, 2026.

The nearest resistance is observed at ₹1975.57, approximately 0.69% above the current price, followed by ₹1996.75 (1.77% higher). Key support levels are identified at ₹1947.13 (0.76% lower) and ₹1912.57 (2.52% lower). The stock's current annualized volatility is 32%, with a current drawdown of -13% and a maximum drawdown of -28%. The risk profile is characterized by a 2.85% Average True Range (ATR) as a percentage of the current price.

- Daily trend is bearish with price below key EMAs and Supertrend.
- Monthly trend is bullish with price above EMAs and Supertrend.
- Weekly trend shows a bullish Supertrend but price is below the 20-week EMA.
- Nearest resistance at ₹1975.57; nearest support at ₹1947.13.
- Watch for a break above ₹1975.57 resistance or a fall below ₹1947.13 support for potential trend confirmation.

- Bullish Engulfing Reversal
- Harami
- Outside Bar
- Doji
- Inside Bar
- Morning Star
- Hammer

### News Context

Bharat Forge's shares saw a notable increase on September 18, 2026, following the opening of its Qualified Institutional Placement (QIP). The company launched the QIP with a floor price of ₹1,947 per share, and reports indicated a potential discount of up to 5%. This fundraising initiative, aiming to raise ₹2,000 crore, contributed to a 4% rise in the company's stock price as reported by various news outlets. The development places Bharat Forge among other companies mentioned in market updates for the day, though its QIP was a specific corporate action driving its share movement.

- On September 18, 2026, Bharat Forge shares gained 4% as its ₹2,000 crore Qualified Institutional Placement (QIP) opened.
- The QIP was launched with a floor price of ₹1,947 per share, with a potential 5% discount mentioned in reports.
- The company's stock movement was highlighted in market updates on September 18, 2026.

- Bharat Forge shares gain 4% as Rs 2,000-crore QIP opens
- Bharat Forge QIP: Defence stock jumps 2% as fundraise opens, check floor price, discount, other details
- Stock Market Live Updates Today: Asian markets rally on falling oil, Vietnam braces for FTSE upgrade - The Times of India
- Stock Alert: Skyways Air Services, Share India, Kothari Inds, ESAF SFB
- Top stocks in news: Tata stocks, BEL, Wipro, Veegaland, IndiGo, Skyways Air, PB Fintech, PTC India

### What Changed

Bharat Forge Limited has initiated a Qualified Institutions Placement (QIP) of equity shares, with the Investment Committee approving its opening on September 17, 2026. The floor price for this placement has been set at ₹1,947.70 per share, and the company may offer a discount of up to 5% on this price. This move was previously authorized by the Board on August 10, 2026, and by shareholders through a postal ballot on September 11, 2026. The market reacted positively to the QIP opening, with shares gaining approximately 4% on September 18, 2026, closing at ₹1962.1, an increase from the previous day's close of ₹1918.7.

- On September 17, 2026, Bharat Forge's Investment Committee approved the opening of a Qualified Institutions Placement (QIP) with a floor price of ₹1,947.70 per share.
- The company may offer a discount of up to 5% on the floor price, with the final issue price to be determined later.
- The QIP was authorized by the Board on August 10, 2026, and by shareholders on September 11, 2026.
- Bharat Forge shares rose approximately 4% on September 18, 2026, closing at ₹1962.1, up from ₹1918.7 on the previous day, coinciding with the QIP opening.

- Bharat Forge shares gain 4% as Rs 2,000-crore QIP opens
- Bharat Forge QIP: Defence stock jumps 2% as fundraise opens, check floor price, discount, other details
- Stock Market Live Updates Today: Asian markets rally on falling oil, Vietnam braces for FTSE upgrade - The Times of India
- Stock Alert: Skyways Air Services, Share India, Kothari Inds, ESAF SFB
- Top stocks in news: Tata stocks, BEL, Wipro, Veegaland, IndiGo, Skyways Air, PB Fintech, PTC India
- Bharat Forge Limited has informed the Exchange about qualified Institutional Placement |SUBJECT: Qualified Institutional Placement
- Issue of Securities |SUBJECT: Issue of Securities

### Official Filings

Bharat Forge Limited is proceeding with a Qualified Institutions Placement (QIP) to raise capital, with the Investment Committee approving its opening on September 17, 2026. The floor price for this placement has been set at ₹1,947.70 per share. The company may offer a discount of up to 5% on this floor price, with the final issue price to be determined in consultation with the Lead Managers. This QIP was previously authorized by the Board on August 10, 2026, and received shareholder approval via a postal ballot on September 11, 2026. Separately, on September 15, 2026, Bharat Forge announced a collaboration with Pratt & Whitney Canada to explore the integration of turboprop engines into India's indigenous High-Altitude Long-Endurance (HALE) unmanned aerial vehicle program. This partnership aims to support India's defense manufacturing self-reliance.

Further, on September 3, 2026, Kalyani Strategic Systems Limited (KSSL), a subsidiary of Bharat Forge, signed two significant agreements. The first, with Thales, aims to establish industrial capability for 70-mm rocket systems in India, including technology transfer and local production. The second, with FN Herstal, involves evaluating local manufacturing for small arms and counter-unmanned aerial system (C-UAS) solutions, potentially through a joint venture, aligning with the 'Make in India' initiative.

- On September 17, 2026, Bharat Forge approved the opening of a Qualified Institutions Placement (QIP) with a floor price of ₹1,947.70 per share.
- Shareholder approval for the QIP, potentially raising up to ₹25,000 million, was secured via postal ballot on September 11, 2026.
- On September 15, 2026, Bharat Forge announced a collaboration with Pratt & Whitney Canada for turboprop engines in India's HALE UAV program.
- On September 3, 2026, subsidiary Kalyani Strategic Systems Limited (KSSL) signed an agreement with Thales for 70-mm rocket systems manufacturing in India.
- Also on September 3, 2026, KSSL entered an MoU with FN Herstal to explore local manufacturing of small arms and counter-UAS solutions.

- Bharat Forge Limited has informed the Exchange about qualified Institutional Placement |SUBJECT: Qualified Institutional Placement
- Issue of Securities |SUBJECT: Issue of Securities
- Bharat Forge Limited has informed the Exchange regarding a press release dated September 15, 2026, titled "Bharat Forge and RTX s Pratt & Whitney Canada to Explore Turboprop Engines for India's Indigenous HALE UAV Programme". |SUBJECT: Press Release
- BHARAT FORGE LIMITED has informed the Exchange regarding Amalgamation/ Merger |SUBJECT: Amalgamation OR Merger-XBRL
- Bharat Forge Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting
- Bharat Forge Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- BHARAT FORGE LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Bharat Forge Limited has informed the Exchange regarding a press release dated September 03, 2026, titled "Thales and Kalyani Strategic Systems Limited sign Strategic Alliance Agreement for 70-mm Rocket Systems". |SUBJECT: Press Release
- Bharat Forge Limited has informed the Exchange regarding a press release dated September 03, 2026, titled "Kalyani Strategic Systems Partners with FN Herstal to Build Small Arms and Counter-UAS Capability in India". |SUBJECT: Press Release

### Fundamentals

Bharat Forge reported a notable increase in revenue from operations, reaching ₹4,639.94 crore in Q1 FY2026-27. However, this top-line growth was accompanied by a significant rise in "Other Expenses" to ₹1,268.41 crore in the same period, which outpaced revenue growth. This pressure on expenses, coupled with a rise in "Finance Costs" to ₹89.71 crore, contributed to a sharp decline in "Profit Before Tax" to ₹55.71 crore and a net loss of ₹89.89 crore for Q1 FY2026-27. This contrasts with the profitability seen in the preceding quarters, where the company reported profits before tax of ₹411.19 crore and ₹392.96 crore in Q3 and Q4 FY2025-26 respectively, translating to profits for the period of ₹272.80 crore and ₹233.45 crore.

The company's operating trajectory shows revenue expansion, but the recent quarter's results indicate a significant compression in profitability. The increase in "Other Expenses" and "Finance Costs" warrants close monitoring to understand their impact on future earnings quality and the company's ability to translate revenue growth into net profit.

- Revenue from operations for Bharat Forge stood at ₹4,639.94 crore in Q1 FY2026-27.
- Other Expenses increased to ₹1,268.41 crore in Q1 FY2026-27.
- Finance Costs rose to ₹89.71 crore in Q1 FY2026-27.
- Profit Before Tax declined to ₹55.71 crore in Q1 FY2026-27.
- The company reported a net loss of ₹89.89 crore for Q1 FY2026-27, compared to profits of ₹272.80 crore in Q3 FY2025-26 and ₹233.45 crore in Q4 FY2025-26.

### Bull Case

Bharat Forge's stock experienced a notable increase, rising 4% following the opening of its Qualified Institutional Placement (QIP) on September 17, 2026. The QIP was launched at a price of ₹1,947 per share, with a potential discount of up to 5%. This capital raising initiative may be viewed as a positive signal by the market, potentially indicating the company's plans for expansion or strategic investments. On a longer-term basis, the stock has shown significant positive returns, with a 1-year return of 55% and a Year-to-Date (YTD) return of 34% as of September 18, 2026. The weekly technical trend indicates a bullish SuperTrend at 1887.33, suggesting upward momentum over that timeframe.

- Bharat Forge shares rose 4% on September 17, 2026, following the opening of its Qualified Institutional Placement (QIP).
- The QIP was priced at ₹1,947 per share, with a potential 5% discount, and opened on September 17, 2026.
- The stock has achieved a 1-year return of 55% and a Year-to-Date return of 34% as of September 18, 2026.
- The weekly technical trend shows a bullish SuperTrend indicator at 1887.33.

- Bharat Forge shares gain 4% as Rs 2,000-crore QIP opens
- Bharat Forge QIP: Defence stock jumps 2% as fundraise opens, check floor price, discount, other details
- Stock Market Live Updates Today: Asian markets rally on falling oil, Vietnam braces for FTSE upgrade - The Times of India
- Stock Alert: Skyways Air Services, Share India, Kothari Inds, ESAF SFB
- Top stocks in news: Tata stocks, BEL, Wipro, Veegaland, IndiGo, Skyways Air, PB Fintech, PTC India

### Bear Case

The company's stock is currently trading below key moving averages, indicating potential short-term weakness. The daily trend shows the 20-day Exponential Moving Average (EMA) at ₹1,986.16 and the 50-day EMA at ₹2,031.90, both above the current closing price of ₹1,962.10. The daily SuperTrend indicator is also in a bearish direction at ₹2,034.52. While the monthly trend shows a bullish SuperTrend, the daily technical indicators suggest a cautious outlook. The stock has experienced a current drawdown of -13% and a maximum drawdown of -28%, with annualized volatility at 32%.

- As of September 18, 2026, the daily SuperTrend indicator is bearish at ₹2,034.52.
- The 20-day EMA (₹1,986.16) and 50-day EMA (₹2,031.90) are above the closing price of ₹1,962.10.
- The stock has a current drawdown of -13% and a maximum drawdown of -28%.
- Annualized volatility stands at 32% as of September 18, 2026.

- Bharat Forge shares gain 4% as Rs 2,000-crore QIP opens
- Bharat Forge QIP: Defence stock jumps 2% as fundraise opens, check floor price, discount, other details
- Stock Market Live Updates Today: Asian markets rally on falling oil, Vietnam braces for FTSE upgrade - The Times of India
- Stock Alert: Skyways Air Services, Share India, Kothari Inds, ESAF SFB
- Top stocks in news: Tata stocks, BEL, Wipro, Veegaland, IndiGo, Skyways Air, PB Fintech, PTC India

### FAQs

**What is the significance of Bharat Forge's Qualified Institutions Placement (QIP)?**

On September 17, 2026, Bharat Forge announced the opening of a Qualified Institutions Placement (QIP) to raise capital. The company set a floor price of ₹1,947.70 per share and may offer a discount of up to 5% on this price. This QIP was authorized by the Board on August 10, 2026, and approved by shareholders on September 11, 2026. The company's shares saw a positive reaction, with news reports indicating a 4% gain on the day the QIP opened.

**What is the recent collaboration between Bharat Forge and Pratt & Whitney Canada?**

On September 15, 2026, Bharat Forge announced a collaboration with Pratt & Whitney Canada to explore the integration of advanced turboprop engines for India's indigenous High-Altitude Long-Endurance (HALE) unmanned aerial vehicle program, developed by the DRDO. Pratt & Whitney Canada will assess engine compatibility, while Bharat Forge will manage the engine-airframe integration. This partnership aims to support India's self-reliance in defense manufacturing.

**How has Bharat Forge's stock performed over different periods?**

As of September 18, 2026, Bharat Forge's stock has shown varied returns across different timeframes. It has returned 55% in the last year and 34% year-to-date. Over shorter periods, it returned 2% in the last day, but saw declines of 7% in the last month and 3% in the last three months. The stock has returned 9% in the last six months.

**What are the key technical support and resistance levels for Bharat Forge?**

As of September 18, 2026, key technical levels for Bharat Forge include immediate resistance at ₹1975.57 (0.69% above the current price) and support at ₹1947.13 (0.76% below the current price). Other resistance levels are noted at ₹1996.75, ₹2010.13, and ₹2039.03. Support levels are also identified at ₹1912.57, ₹1884.13, and ₹1873.75.

- Bharat Forge shares gain 4% as Rs 2,000-crore QIP opens
- Bharat Forge QIP: Defence stock jumps 2% as fundraise opens, check floor price, discount, other details
- Stock Market Live Updates Today: Asian markets rally on falling oil, Vietnam braces for FTSE upgrade - The Times of India
- Stock Alert: Skyways Air Services, Share India, Kothari Inds, ESAF SFB
- Top stocks in news: Tata stocks, BEL, Wipro, Veegaland, IndiGo, Skyways Air, PB Fintech, PTC India
- Bharat Forge Limited has informed the Exchange about qualified Institutional Placement |SUBJECT: Qualified Institutional Placement
- Issue of Securities |SUBJECT: Issue of Securities
- Bharat Forge Limited has informed the Exchange regarding a press release dated September 15, 2026, titled "Bharat Forge and RTX s Pratt & Whitney Canada to Explore Turboprop Engines for India's Indigenous HALE UAV Programme". |SUBJECT: Press Release
- BHARAT FORGE LIMITED has informed the Exchange regarding Amalgamation/ Merger |SUBJECT: Amalgamation OR Merger-XBRL
## Technical analytics

- As of: 2026-09-18
- Daily trend: Moderate Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹1,912.57
- Risk regime: Price Risk Currently Contained

### Support levels
- 1873.75
- 1642
- 1610.2

### Resistance levels
- 1996.75
- 2039.025
- 2154.7

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +2.26% |
| return_10 | -0.95% |
| return_1m | -6.52% |
| return_1y | +54.67% |
| return_20 | -4.84% |
| return_3m | -2.86% |
| return_5 | +0.37% |
| return_6m | +8.74% |
| return_since_start | +50.94% |
| return_ytd | +33.99% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -27.67% |
| annualized_volatility | +31.55% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Grows but Profitability Collapses Amid Sharp Rise in Other Expenses; Net Loss Recorded

Bharat Forge reported an 18.7% year-on-year increase in revenue to ₹4,639.94 crore, while profit before tax fell 86.6% to ₹55.71 crore. The company recorded a net loss of ₹89.89 crore, compared to a net profit of ₹283.87 crore in the same quarter last year. A sharp increase in other expenses, which rose 19.3% sequentially and 23.6% year-on-year, was a major factor in the profit decline.

## Revenue Growth Continues

Revenue from operations reached ₹4,639.94 crore, up 2.5% from the preceding quarter (₹4,528.04 crore) and 18.7% from the year-ago quarter (₹3,908.75 crore). This marks the fifth consecutive quarter of revenue growth, though the sequential pace moderated from the 4.3% gain seen in Q4 FY2025-26.

## Sharp Increase in Other Expenses Drives Profit Decline

Other expenses jumped to ₹1,268.41 crore, up 19.3% from ₹1,063.46 crore in Q4 FY2025-26 and 23.6% from ₹1,026 crore in Q1 FY2025-26. As a percentage of revenue, other expenses rose to 27.3% from 23.5% in the prior quarter. 

Profit before tax fell to ₹55.71 crore, an 86.6% decline from ₹414.31 crore in the year-ago quarter. The increase in other expenses was a significant contributor to this decline. 

Cost of materials consumed was ₹2,102.99 crore (45.3% of revenue), and employee benefit expense was ₹593.53 crore (12.8% of revenue). Finance costs increased to ₹89.71 crore, up 6.3% sequentially and 9.1% year-on-year, adding to the overall cost burden.

## Segment Profitability Mirrors Overall Decline

Segment profit before tax fell from ₹490.86 crore in Q4 FY2025-26 to ₹44.44 crore in Q1 FY2026-27, a decline of 90.9%, even as segment revenue increased 2.5% sequentially. This indicates that operating expenses within the segment rose sharply relative to sales. 

The gap between segment profit before tax (₹44.44 crore) and reported profit before tax (₹55.71 crore) was small, suggesting that unallocated corporate items had a minor net positive effect.

## Tax Expense Exceeds Pre-Tax Profit

Tax expense was ₹134.33 crore, exceeding profit before tax of ₹55.71 crore. This contributed to a net loss of ₹89.89 crore, compared to a net profit of ₹283.87 crore in the year-ago quarter. Basic and diluted earnings per share were ₹-1.88, down from ₹5.93 a year earlier. 

Tax expense was lower than the preceding quarter (₹158.69 crore) but higher than the year-ago quarter (₹127.12 crore).

## Finance Costs Edge Higher

Finance costs rose to ₹89.71 crore, a 6.3% increase from ₹84.40 crore in Q4 FY2025-26 and a 9.1% increase from ₹82.22 crore in Q1 FY2025-26.

## Management Commentary

Management reported strong Q1 FY27 performance with standalone revenue up 11.5% YoY and consolidated revenue up 18.7% YoY, driven by broad-based export growth and defence execution. EBITDA margins of 26.2% (standalone) and 16.2% (consolidated) were impacted by higher energy and input costs, though normalized standalone margin stood at 28%. The defence orderbook reached a record Rs 11,196 crore, supported by the largest naval order for 12 Marine Gas Turbine Generator sets. Management outlined a 20-25% growth outlook for Indian manufacturing in FY27, with H2 expected to be stronger. To capture sunrise sectors, the company plans Rs 1,800 crore capex over 12-18 months for forging and machining capabilities, including an energetics plant in Andhra Pradesh. The board also approved a fund raise of up to Rs 2,500 crore and a new Malaysian subsidiary for semiconductors. Overseas operations remain under pressure, with restructuring actions underway for the German forging business (Bharat Forge CDP GmbH), which recorded a Rs 3,304 million exceptional provision. Management continues to re-evaluate the global manufacturing footprint amid challenging profitability conditions.

## Key Takeaway

Bharat Forge's Q1 FY2026-27 saw revenue growth of 18.7% year-on-year, but a sharp increase in other expenses drove an 86.6% decline in profit before tax and a net loss of ₹89.89 crore. The other expenses rose 19.3% sequentially and 23.6% year-on-year, significantly compressing margins. Tax expense exceeded pre-tax profit, further contributing to the loss. The sharp rise in other expenses was the most significant factor in the profit decline.

### Ratios

## Official filings

- 2026-09-17 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_17092026183837_SEIntimationQIPOpen.pdf)
- 2026-09-17 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/ANILSHINDE_17092026190622_SEIntimationQIPOpen.pdf)
- 2026-09-15 — Press Release: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_15092026180058_SEIntimationPressRelease.pdf)
- 2026-09-11 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_201_WebXMLFile_20260911_165708132.xml)
- 2026-09-11 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_201_WebXMLFile_20260911_165854802.xml)
- 2026-09-11 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_11092026210624_SEIntimationEvotingResults_1.pdf)
- 2026-09-10 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_10092026124607_SEIntimation-_IEPF_newspaper_publication.pdf)
- 2026-09-04 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_201_WebXMLFile_20260904_104220848.xml)
- 2026-09-03 — Press Release: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_03092026164524_SEIntimationPressRelease_Thales_and_KSSL.pdf)
- 2026-09-03 — Press Release: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_03092026165217_SEIntimationPressRelease_FN_Herstal_and_KSSL.pdf)
- 2026-09-02 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_02092026113635_SEIntimationDivestmentinRefu.pdf)
- 2026-08-31 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_31082026143045_SEIntimation.pdf)
- 2026-08-28 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_28082026174155_SEIntimationInstitutionalInvestorMeetings.pdf)
- 2026-08-28 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_28082026181148_SEIntimationRoadShowPresentation.pdf)
- 2026-08-14 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_201_WebXMLFile_20260814_105348826.xml)
- 2026-08-13 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_13082026122608_Newspaper_Publication_Intimation.pdf)
- 2026-08-13 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_13082026192619_SEIntimationTranscript.pdf)
- 2026-08-12 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_201_WebXMLFile_20260812_181005278.xml)
- 2026-08-12 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_12082026151446_SEIntimationEvotingResults.pdf)
- 2026-08-12 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_12082026164642_SEIntimationPostalBallotNotice.pdf)
- 2026-08-11 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_201_WebXMLFile_20260811_102255603.xml)
- 2026-08-11 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_201_WebXMLFile_20260811_140828775.xml)
- 2026-08-11 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_11082026141759_SEIntimationNewspaper.pdf)
- 2026-08-11 — Generic Announcement: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_201_WebXMLFile_20260811_101907555.xml)
- 2026-08-11 — Management Change: Bharat Forge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANILSHINDE_11082026154855_SEIntimationProceedings-sd.pdf)

## News and market events

- 2026-09-18 — BUSINESSTODAY: **Bharat Forge shares gain 4% as Rs 2,000-crore QIP opens** — Bharat Forge shares, Bharat Forge share price today, Bharat Forge shares rise, Bharat Forge stock rises , Bharat Forge stock outlook, Bharat Forge QIP, Bharat Forge QIP issue , Bharat Forge QIP opens, Bharat Forge QIP price — [Source](https://www.businesstoday.in/markets/stocks/story/bharat-forge-shares-rise-as-rs-2000-crore-qip-opens-556383-2026-09-18)
- 2026-09-18 — Mint: **Bharat Forge QIP: Defence stock jumps 2% as fundraise opens, check floor price, discount, other details** — Bharat Forge shares rose after the company launched a qualified institutional placement at  ₹1,947 per share. The QIP opens on September 17, 2026, with a possible 5% discount.  — [Source](https://www.livemint.com/market/stock-market-news/bharat-forge-qip-defence-stock-jumps-2-after-fundraise-opens-check-floor-price-discount-other-details-11789705600097.html)
- 2026-09-18 — Times of India: **Stock Market Live Updates Today: Asian markets rally on falling oil, Vietnam braces for FTSE upgrade - The Times of India** — Expectations for Friday's trading session point to a flat to mildly positive opening for domestic equity benchmarks, with early signals from GIFT Nif — [Source](https://timesofindia.indiatimes.com/business/india-business/sensex-stock-market-today-18-september-2026-live-updates-nse-bse-gift-nifty-50-top-gainers-losers-mcx-stocks-in-focus-market-news/liveblog/134324151.cms)
- 2026-09-18 — BUSINESS: **Stock Alert: Skyways Air Services, Share India, Kothari Inds, ESAF SFB** — Shares of Bandhan Bank, Inox Wind, Manappuram Finance and SAIL are barred from F&O trading on 18 September 2026. — [Source](https://www.business-standard.com/markets/capital-market-news/stock-alert-skyways-air-services-share-india-kothari-inds-esaf-sfb-126091800146_1.html)
- 2026-09-18 — BUSINESSTODAY: **Top stocks in news: Tata stocks, BEL, Wipro, Veegaland, IndiGo, Skyways Air, PB Fintech, PTC India** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Tata Group stocks, Bharat Electronics, BEL, Wipro, IndiGo,  InterGlobe Aviation, Veegaland, Skyways Air Services, PB Fintech, PTC India, NLC India, Petronet LNG, GPT Infraprojects, Federal Bank, Orissa Minerals Development Company, Federal Bank — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-tata-stocks-bel-wipro-veegaland-indigo-skyways-air-pb-fintech-ptc-india-556315-2026-09-18)
- 2026-09-18 — Economic Times: **Stocks in news: Tata Group, Wipro, BEL, HAL, Petronet LNG and Bharat Forge** — Indian equity benchmarks exhibited a mixed performance on Thursday, September 17, amid ongoing volatility. The Nifty 50 index experienced a modest increase, while the Sensex noted a slight decrease. Corporate developments drew attention to Tata Group firms and Wipro, with Bharat Electronics securing fresh orders and Petronet LNG initiating discussions for a joint venture. Other notable advancements came from HAL and Bharat Forge. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-tata-group-wipro-bel-hal-petronet-lng-and-bharat-forge/articleshow/134318416.cms)
- 2026-09-17 — CNBC-TV18: **Stocks to watch for September 18: Tata Group Stocks, BEL, HAL, PB Fintech and more** — From Tata Trusts calling N Chandrasekaran’s reappointment as Tata Sons Chairman 'illegal' to BEL securing additional orders worth ₹648 crore, here are the stocks to track ahead of Friday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-september-18-tata-group-stocks-bel-hal-pb-fintech-and-more-19992982.htm)
- 2026-09-17 — CNBC-TV18: **Bharat Forge launches QIP at floor price of ₹1,948 per share** — Shares of Bharat Forge Ltd ended at ₹1,919.00, up by ₹29.05, or 1.54%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/bharat-forge-share-price-launches-qip-at-floor-price-of-rs-1948-per-share-19993083.htm)
- 2026-09-17 — Mint: **Paras Defence, Data Patterns, BEL, HAL and more: Why are defence stocks on fire today? Check sector outlook** — Defence stocks gained on Thursday with investors focusing on long-term growth. Key players like Paras Defence and Data Patterns saw significant increases. The Defence Acquisition Council approved  ₹1.1 lakh crore in acquisitions earlier this month. — [Source](https://www.livemint.com/market/stock-market-news/paras-defence-data-patterns-bel-hal-and-more-why-are-defence-stocks-on-fire-today-check-sector-outlook-11789625005479.html)
- 2026-09-17 — BUSINESS: **Barometers trade sideways; auto shares rally for 2nd day** — The Feds indication of another rate hike in 2026 is likely to keep investors cautious, particularly in rate-sensitive and foreign-portfolio-investment-driven segments. However, buying interest in select domestic sectors provided some support. The Nifty traded near 23,290 mark. Market participants are likely to track currency movements, US bond yields and foreign fund flows for further direction. — [Source](https://www.business-standard.com/markets/capital-market-news/barometers-trade-sideways-auto-shares-rally-for-2nd-day-126091700380_1.html)
- 2026-09-17 — BUSINESSTODAY: **Paras Defence, Apollo Micro, BEML, BEL, GRSE: Defence stocks rise up to 5% today; here's why** — BEL share price, HAL share price, BDL share price, defence stocks, Paras Defence, Apollo Micro, BEML, GRSE, defence stocks — [Source](https://www.businesstoday.in/markets/stocks/story/paras-defence-apollo-micro-beml-bel-grse-defence-stocks-rise-up-to-5-today-heres-why-556066-2026-09-17)
- 2026-09-16 — Mint: **Bharat Forge, Pratt & Whitney join hands for India’s HALE programme: What it means for India’s UAV push | Today News** — Bharat Forge and Pratt & Whitney Canada will jointly evaluate turboprop engines for DRDO's HALE UAV programme, boosting India's indigenous drone push under Atmanirbhar Bharat. The move follows India's $203mn MQ-9B lease and an expanding domestic UAV ecosystem of 600+ companies. — [Source](https://www.livemint.com/news/india/bharat-forge-pratt-whitney-join-hands-for-india-s-hale-programme-what-it-means-for-india-s-uav-push-11789544117994.html)
- 2026-09-16 — BUSINESS: **Defence stocks slide for fifth straight session** — The Nifty India Defence index slipped 0.16% to 9,129.40 on Wednesday, extending its losing streak to a fifth consecutive session. — [Source](https://www.business-standard.com/markets/capital-market-news/defence-stocks-slide-for-fifth-straight-session-126091600510_1.html)
- 2026-09-16 — The Hindu: **Bharat Forge, Pratt & Whitney to support HALE unmanned aerial vehicle programme** — The collaboration supports India’s indigenous unmanned aerial systems efforts under the government’s Aatmanirbhar Bharat initiative — [Source](https://www.thehindubusinessline.com/companies/bharat-forge-pratt-whitney-to-support-hale-unmanned-aerial-vehicle-programme/article71470895.ece)
- 2026-09-16 — REDIFF.COM: **Bharat Forge And Pratt & Whitney Canada Partner For India's HALE UAV Development** — Indian firm Bharat Forge and US defence major Pratt & Whitney Canada have announced a collaboration to support the development of India's high-altitude, long-endurance (HALE) unmanned aerial vehicle. This partnership involves integrating advanced turboprop engines into a DRDO-designed UAV, bolstering India's indigenous defence capabilities under the Aatmanirbhar Bharat initiative. — [Source](https://www.rediff.com/news/report/bharat-forge-pratt-whitney-support-indias-hale-uav-program/20260916.htm)
- 2026-09-15 — REDIFF.COM: **Bharat Forge, Pratt & Whitney Partner For India's HALE UAV Engines** — An Indian firm, Bharat Forge, and US defence major Pratt & Whitney Canada have announced a collaboration to develop India's high-altitude, long-endurance (HALE) unmanned aerial vehicle (UAV). This partnership will focus on integrating advanced turboprop engines into the DRDO-designed HALE UAV, bolstering India's indigenous defence capabilities under the Aatmanirbhar Bharat initiative. The collaboration aims to enhance India's strategic self-reliance in surveillance and reconnaissance technology. — [Source](https://www.rediff.com/business/report/bharat-forge-and-pratt-whitney-to-support-india-hale-uav/20260916.htm)
- 2026-09-15 — MONEYCONTROL: **Bharat Forge teams up with Pratt & Whitney for DRDO's UAV program** — Bharat Forge, Pratt & Whitney Canada, DRDO UAV, HALE UAV, Bharat Forge Pratt Whitney, unmanned aerial vehicle, high altitude long endurance UAV, Indian defence manufacturing, aerospace manufacturing India, Aatmanirbhar Bharat, turboprop engines, defence technology India — [Source](https://www.moneycontrol.com/news/business/bharat-forge-teams-up-with-pratt-whitney-for-drdo-s-uav-program-14030602.html)
- 2026-09-15 — Economic Times: **Bharat Forge, Pratt & Whitney join forces for DRDO’s defense drone 'UAV' program** — Bharat Forge and Pratt & Whitney Canada will collaborate on a high-altitude UAV program. They will evaluate advanced turboprop engine integration for the DRDO-designed platform. Bharat Forge will lead engine-airframe integration, drawing on its manufacturing expertise. This partnership aims to advance India's indigenous aerospace and defence capabilities. — [Source](https://economictimes.indiatimes.com/news/defence/bharat-forge-pratt-whitney-join-forces-for-drdos-defense-drone-uav-program/articleshow/134267210.cms)
- 2026-09-15 — CNBC-TV18: **Stocks to watch for September 16: HDFC Bank, BHEL, Bharat Forge, Vedanta and more** — From BHEL signing a joint venture agreement with Titagarh Rail Systems to Sonata Information Technology signing a five-year Strategic Collaboration Agreement (SCA) with Amazon Web Services, here are the stocks to track ahead of Wednesday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-september-16-hdfc-bank-bhel-bharat-forge-blue-star-and-more-19991194.htm)
- 2026-09-15 — The Hindu: **Bharat Forge, Pratt & Whitney Canada partner on HALE UAV** — Bharat Forge and Pratt & Whitney Canada will evaluate advanced turboprop engine integration into a DRDO-designed HALE UAV programme. — [Source](https://www.thehindubusinessline.com/economy/logistics/bharat-forge-pratt-whitney-canada-team-up-for-indias-hale-uav-programme/article71468825.ece)
- 2026-09-15 — Mint: **Top stocks in focus tomorrow: Investors must watch NBCC, BHEL, Bharat Forge shares on Wed, 16 Sept | Triggers** — On September 16, investors will monitor companies such as Tata Communications and Aurobindo Pharma due to various business updates, including new product launches, joint ventures, and settlement agreements.  — [Source](https://www.livemint.com/market/top-stocks-in-focus-tomorrow-investors-must-watch-nbcc-bhel-bharat-forge-shares-on-wed-16-sept-triggers-11789478026874.html)
- 2026-09-15 — CNBC-TV18: **Bharat Forge, Pratt & Whitney Canada join hands to explore HALE UAV turboprop engines** — Shares of Bharat Forge Ltd ended at ₹1,874.00, down by ₹66.00, or 3.40%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/bharat-forge-share-price-pratt-whitney-canada-join-hands-to-explore-hale-uav-turboprop-engines-19991182.htm)
- 2026-09-15 — Economic Times: **Solar's $1.3 bn bet is a turn for India's defence-industrial complex** — The piece argues that Solar Industries ₹12,951-crore acquisition of South Africas Omnia Holdings could mark a new phase for Indias defence industry, as Indian companies increasingly move beyond domestic production into overseas acquisitions, manufacturing and technology partnerships. — [Source](https://economictimes.indiatimes.com/news/defence/tata-omnia-holdings-solars-1-3-bn-bet-is-a-turn-for-indias-defence-industrial-complex/articleshow/134256504.cms)
- 2026-09-11 — BUSINESSTODAY: **Top stocks in news: HDFC Bank, Voda Idea, Kotak Bank, Premier Energies, Bharat Forge, Juniper Green** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, HDFC Bank, Vodafone Idea, Kotak Mahindra Bank, Premier Energies, Bharat Forge, Juniper Green Energy, PVR Inox, Shankesh Jewellers, Canara HSBC Life Insurance Company, Texmaco Rail & Engineering, Neogen Chemicals, Horizon Industrial, Lalithaa Jewellery — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-hdfc-bank-voda-idea-kotak-bank-premier-energies-bharat-forge-juniper-green-554735-2026-09-11)
- 2026-09-11 — MONEYCONTROL: **Stocks to Watch Today: HDFC Bank, Neogen Chemicals, Premier Energies, Shankesh Jewellers, Qualiance International, Lotus Developers in focus on 11 September** — Stocks to watch, stocks in focus today, stocks in focus, share market today, top stocks, shares in focus today, shares today, today stocks to watch, trending stocks, trending stocks today, markets today, buzzing stocks, stocks today, stock market today,Shankesh Jewellers,Premier Energies,Canara HSBC Life Insurance Company,Neogen Chemicals,Bharat Forge,Kotak Mahindra Bank,HDFC Bank,Sri Lotus Developers and Realty,Corona Remedies,ESDS Software Solution,Spectrum Electrical Industries,Computer Age Management Services,Vedavaag Systems,South West Pinnacle Exploration,Qualiance International — [Source](https://www.moneycontrol.com/news/business/markets/stocks-to-watch-today-hdfc-bank-neogen-chemicals-premier-energies-shankesh-jewellers-qualiance-international-lotus-developers-in-focus-on-11-september-14027481.html)

## Business profile

**Strategic vision:** Global provider of high-performance, safety-critical components and solutions.

### Business segments
- **Automotive:** Provides high-performance, safety-critical components and solutions for the automotive sector.
- **Aerospace:** Provides high-performance, safety-critical components and solutions for the aerospace sector.
- **Defence:** Provides high-performance, safety-critical components and solutions for the defence sector, including defence vehicle manufacturing.
- **Railways:** Provides high-performance, safety-critical components and solutions for the railways sector.
- **Marine:** Provides high-performance, safety-critical components and solutions for the marine sector.
- **Oil & Gas:** Provides high-performance, safety-critical components and solutions for the oil & gas sector.
- **Construction:** Provides high-performance, safety-critical components and solutions for the construction sector.
- **Industrial Equipment:** Provides high-performance, safety-critical components and solutions for the industrial equipment sector.

### Competitive strengths
- Global presence across key markets
- Diversified manufacturing capabilities
- End-to-end solution offerings

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/bharatforg
Markdown representation: https://faxioms.com/stocks/bharatforg?render=md