The counter has had a total traded volume of 26465 shares so far with a value of Rs 1.91 crore on the NSE. It traded at a price-to-earnings multiple of 31.04 and a price-to-book ratio of 4.97.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip declined 3.08 per cent during the past one year, while the 30-share index advanced 8.61 per cent during the same period.
Bharat Forge Ltd. belongs to the Auto Ancl – Others industry.
Promotor/FII Holding
Promoters held 45.25 per cent stake in the company as of 30-Jun-2022, while FIIs and domestic institutional investors ownership stood at 18.82 per cent and 18.9 per cent, respectively.
Key Financials
The firm reported consolidated sales of Rs 2884.04 crore for the quarter ended 30-Jun-2022, down 21.12 per cent from the previous quarter’s Rs 3656.05 crore and down 34.24 per cent from the year-ago quarter’s Rs 2148.39 crore.
Profit for the latest quarter stood at Rs 164.45 crore, up 7.03 per cent from the same quarter a year ago.