Bharat Forge (NSE:BHARATFORG) Inventory Turnover: 0.53 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:BHARATFORG Bharat Forge Ltd NSE:BHARATFORG
83 GF Score
Price ₹2,185.50
GF Value ₹1,458.97
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Bharat Forge Inventory Turnover?

Bharat Forge NSE:BHARATFORG -0.74% 83 Inventory Turnover is 0.53 as of Mar. 2026. GuruFocus rates NSE:BHARATFORG with a GF Score™ of 83/100 and a GF Value™ of ₹1,458.97 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Bharat Forge's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹21,518 Mil. Bharat Forge's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹40,528 Mil. Bharat Forge's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bharat Forge's Days Inventory for the three months ended in Mar. 2026 was 171.87.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Bharat Forge's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.90.


Bharat Forge  (NSE:BHARATFORG) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Bharat Forge's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=40527.83/21517.53*365 / 4
=171.87

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Bharat Forge's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=40527.83 / 45280.43
=0.90

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.


Bharat Forge Inventory Turnover Related Terms


Bharat Forge Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Bharat Forge's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bharat Forge Inventory Turnover Chart

Bharat Forge Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.27 2.38 2.68 2.26 2.28

Bharat Forge Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.48 0.47 0.44 0.49 0.53
NSE:BHARATFORG
83GF Score
Bharat Forge Ltd NSE:BHARATFORG
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bharat Forge Inventory Turnover Calculation

Bharat Forge's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=87024.01 / ((35784.36 + 40527.83) / 2 )
=87024.01 / 38156.095
=2.28

Bharat Forge's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=21517.53 / ((0 + 40527.83) / 1 )
=21517.53 / 40527.83
=0.53

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.53 mean?
Bharat Forge (NSE:BHARATFORG) has a Inventory Turnover of 0.53 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Bharat Forge and its competitors.
Is Bharat Forge's Inventory Turnover too high?
Bharat Forge's current Inventory Turnover is 0.53. Overall, Bharat Forge has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bharat Forge's Inventory Turnover compare to ORLY and AZO?
Bharat Forge's Inventory Turnover of 0.53 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Vehicles & Parts company?
A good Inventory Turnover depends on the Vehicles & Parts industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Bharat Forge and its competitors. Bharat Forge's current Inventory Turnover is 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Forge stock overvalued right now?
Based on GuruFocus' analysis, Bharat Forge (NSE:BHARATFORG) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,458.97, compared to a current price of ₹2,185.50 — trading 49.8% above its estimated fair value. The current Inventory Turnover is 0.53. Bharat Forge's overall GF Score™ is 83/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Bharat Forge (NSE:BHARATFORG), the current Inventory Turnover is 0.53 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Bharat Forge (NSE:BHARATFORG) Overvalued in 2026?

Based on GuruFocus' analysis, Bharat Forge stock appears to be overvalued. The current stock price of ₹2,185.50 is trading 49.8% above its estimated GF Value™ of ₹1,458.97. GuruFocus considers Bharat Forge to be Significantly Overvalued.

Key valuation signals for NSE:BHARATFORG:

  • Inventory Turnover: 0.53
  • GF Value™: ₹1,458.97 vs. price of ₹2,185.50 (49.8% above fair value)
  • GF Score™: 83/100 with 6 warning signs

No single metric tells the full story. See the NSE:BHARATFORG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bharat Forge Business Description

Other Exchanges 500493:India
Address Mundhwa, Pune Cantonment, Pune, MH, IND, 411036
Bharat Forge Ltd is an Indian multinational engaged in metal forging across different industries. The company has the following business units: automotive, power, oil and gas, construction and mining, rail, marine and aerospace. The automotive unit offers products including powertrain components, machines crankshafts, connecting rods, and piston. The Power business unit manufactures components for thermal, wind, hydro and nuclear applications. The Company divides its business into three reporting segments: "Forgings", "Defense", and "Others". The Forgings segment focuses on manufacturing forged components, while the Defense segment centers around defense-related activities. The "Others" segment encompasses all other businesses not covered by Forgings and Defense.
83GF Score

Get the complete analysis for NSE:BHARATFORG

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹2,185.50
Price
₹1,458.97
GF Value