Bharat Forge (NSE:BHARATFORG) ROCE %: 15.03% (As of Mar. 2026)


NSE:BHARATFORG Bharat Forge Ltd NSE:BHARATFORG
83 GF Score
Price ₹2,144.10
GF Value ₹1,455.87
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Bharat Forge ROCE %?

Bharat Forge NSE:BHARATFORG -1.23% 83 ROCE % is 15.03% as of Mar. 2026. GuruFocus rates NSE:BHARATFORG with a GF Score™ of 83/100 and a GF Value™ of ₹1,455.87 (Significantly Overvalued). The stock has 7 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Bharat Forge's annualized ROCE % for the quarter that ended in Mar. 2026 was 15.03%.

Bharat Forge  (NSE:BHARATFORG) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Bharat Forge ROCE % Related Terms

Bharat Forge ROCE % Historical Data

* Premium members only.

The historical data trend for Bharat Forge's ROCE % 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 ROCE % Chart

Bharat Forge Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.71 11.15 18.90 17.46 16.54

Bharat Forge Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 17.99 17.33 18.51 16.68 15.03
NSE:BHARATFORG
83GF Score
Bharat Forge Ltd NSE:BHARATFORG
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Bharat Forge ROCE % Calculation

Bharat Forge's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=19905.18/( ( (200883.21 - 87030.09) + (222599.55 - 95814.4) )/ 2 )
=19905.18/( (113853.12+126785.15)/ 2 )
=19905.18/120319.135
=16.54 %

Bharat Forge's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=19061.44/( ( (0 - 0) + (222599.55 - 95814.4) )/ 1 )
=19061.44/( ( 0 + 126785.15 )/ 1 )
=19061.44/126785.15
=15.03 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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 ROCE % →
What does a ROCE % of 15.03% mean?
Bharat Forge (NSE:BHARATFORG) has a ROCE % of 15.03% as of Mar. 2026.
Is Bharat Forge's ROCE % too high?
Bharat Forge's current ROCE % is 15.03%. The Vehicles & Parts industry median ROCE % is 7.94. Bharat Forge's value of 15.03% is 89.3% above this industry median. 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 ROCE % compare to ORLY and AZO?
Bharat Forge's ROCE % of 15.03% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.94. Bharat Forge's value of 15.03% is 89.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 7.94, based on 1,319 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bharat Forge's current ROCE % of 15.03% is 89.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Vehicles & Parts industry, the median ROCE % is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Forge's current ROCE % is 15.03%. 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 ₹1,455.87, compared to a current price of ₹2,144.10 — trading 47.3% above its estimated fair value. The current ROCE % is 15.03% and 89.3% above the Vehicles & Parts industry median of 7.94. Bharat Forge's overall GF Score™ is 83/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Bharat Forge (NSE:BHARATFORG), the current ROCE % is 15.03% 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 ₹2,144.10 is trading 47.3% above its estimated GF Value™ of ₹1,455.87. GuruFocus considers Bharat Forge to be Significantly Overvalued.

Key valuation signals for NSE:BHARATFORG:

  • ROCE %: 15.03%
  • GF Value™: ₹1,455.87 vs. price of ₹2,144.10 (47.3% above fair value)
  • GF Score™: 83/100 with 7 warning signs
  • Industry Position: 89.3% above the Vehicles & Parts median

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

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

₹2,144.10
Price
₹1,455.87
GF Value