Is Bharat Forge a good buy?

Is Bharat Forge a good buy?

Bharat Forge’s (BFL) share price has grown at ~4.7% CAGR over the past five years (from Rs 527 levels in May 2017), outperforming Nifty Auto index. The brokerage retained BUY rating on BFL, tracking upbeat commentary on growth. ICICI Direct has buy call on Bharat Forge with a target price of Rs 840.0.

Is Ramkrishna Forgings a good buy?

The brokerage expects a 35% CAGR in revenue over FY21-24, and earnings of Rs3bn, leading to an EPS of Rs93. 9. Accordingly, the brokerage upgrades rating to a Buy with a TP of Rs1,315 (14x FY24e). Promoters held 46.04 per cent stake in the company as of 31-Dec-2021, while FIIs owned 16.07 per cent, DIIs 5.37 per cent.

What does Ramkrishna Forgings do?

Our company is certified in terms of IATF 16949, ISO 45001 and ISO 14001 and is a manufacturer of supplier of open and closed die forgings of carbon and alloy steel, micro alloy steel and stainless steel forgings which can be supplied in As Forged + Heat Treated + Machined and Fully assembled condition as per the …

Is Bharat Forge large cap?

Bharat Forge Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 29560.22 Crore) operating in Auto Ancillaries sector.

Which sector is Bharat Forge?

Bharat Forge Ltd (BFL) the Pune based Indian multinational is a global provider of high performance innovative safety & critical components and solutions to various industrial sectors including Automotive Railways Power Defence Construction & Mining Aerospace Marine and Oil & Gas.

Who is owner of RKFL?

Mr. Mahabir Prasad Jalan, son of Late Kishan Gopal Jalan, is the promoter of the company and is a well experienced technocrat possessing all the qualities of a successful businessman.

How is forging done?

Forging is the process of heating, deforming, and finishing a piece of metal. Forgings are made by forcing materials into customized shapes either by the force of a falling ram upon an anvil or by a die press enclosing a piece of metal and squeeze-forming the part.

What does Bharat Forge manufacture?

Bharat Forge manufactures an extensive array of critical and safety components for several sectors including Automobiles (across Commercial & Passenger Vehicle), Oil & Gas, Aerospace, Locomotives, Marine, Energy (across renewable and non-renewable sources), Construction, Mining and General Engineering.

What is a forging company?

The forging industry is composed of those plants that; a) make parts to order for customers (referred to as custom forgings); b) make parts for their own company’s internal use (referred to as captive forgings); or. c) make standard parts for resale (referred to as catalog forgings).

Is Bharat Forge a govt company?

As part of its risk mitigation efforts, Bharat Forge diversified into a variety of industrial sectors including oil & gas, infrastructure, and marine….Bharat Forge.

Who founded Bharat Forge?

Neelkanth Kalyani founded Bharat Forge in 1951 which subsequently became a leading name in the forging sector with rapid expansion. Bharat Forge is the flagship company of the Kalyani Group and the world’s second-largest forgings manufacturer.

Why is forging important?

Forging provides a higher level of structural integrity than any other metalworking process. By eliminating structural voids that can weaken parts, forging provides a level of uniformity to help maximize part performance. During machining, grain ends are exposed, making parts more susceptible to weakening and cracking.

Where is forging used?

In addition to engine and transmission parts, forgings are used for gears, sprockets, levers, shafts, spindles, ball joints, wheel hubs, rollers, yokes, axle beams, bearing holders, and links.

What is forging used for?

The purpose of forging is to create metal parts. Compared to other manufacturing methods, metal forging produces some of the sturdiest manufactured parts available. As metal is heated and pressed, minor cracks are sealed, and any empty spaces in the metal close.