Bharat ForgeNSE:BHARATFORG -1.65%83 ROE % is 9.71% as of Mar. 2026, which is 23% below its 10-year median of 12.59. 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. Among 1,308 Vehicles & Parts companies, Bharat Forge ranks better than 70.26% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Bharat Forge's annualized net income for the quarter that ended in Mar. 2026 was ₹9,303 Mil. Bharat Forge's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹95,798 Mil. Therefore, Bharat Forge's annualized ROE % for the quarter that ended in Mar. 2026 was 9.71%.
The historical rank and industry rank for Bharat Forge's ROE % or its related term are showing as below:
NSE:BHARATFORG'
s ROE % Range Over the Past 10 Years
Min: -2.38 Med: 12.59 Max: 20.59
Current: 11.49
During the past 13 years, Bharat Forge's highest ROE % was 20.59%. The lowest was -2.38%. And the median was 12.59%.
NSE:BHARATFORG's ROE % is ranked better than 70.26% of 1308
companies
in the Vehicles & Parts industry
Industry Median: 6.62
vs NSE:BHARATFORG: 11.49
Bharat Forge (NSE:BHARATFORG) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Bharat Forge ROE % Related Terms
Bharat Forge ROE % Historical Data
* Premium members only.
The historical data trend for Bharat Forge's ROE % 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.
For the Auto Parts subindustry, Bharat Forge's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Bharat Forge ROE % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Bharat Forge's ROE % distribution charts can be found below:
* The bar in red indicates where Bharat Forge's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Bharat Forge (NSE:BHARATFORG) has a ROE % of 9.71% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Bharat Forge and its competitors. This is 23% below median its historical median of 12.59. According to the industry distribution chart, Bharat Forge ranks #389 out of 1308 companies in the Vehicles & Parts industry, placing it in the top 29.7%.
Is Bharat Forge's ROE % too high?
Bharat Forge's current ROE % of 9.71% is 23% below median its 10-year median of 12.59. The Vehicles & Parts industry median ROE % is 6.62. Bharat Forge's value of 9.71% is 46.7% above this industry median. Based on the distribution chart, Bharat Forge ranks #389 out of 1308 companies in the Vehicles & Parts industry, which is above the industry midpoint. 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 ROE % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Bharat Forge ranks #389 out of 1308 companies for ROE %. This puts Bharat Forge in the upper half of its industry. The industry median ROE % is 6.62. Bharat Forge's value of 9.71% is 46.7% above this benchmark. While the company's 10-year median is 12.59 vs. the industry median of 6.62, Bharat Forge has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Vehicles & Parts company?
The median ROE % among Vehicles & Parts companies is 6.62, based on 1,308 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bharat Forge's current ROE % of 9.71% is 46.7% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Bharat Forge and its competitors. For the Vehicles & Parts industry, the median ROE % is 6.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Forge's current ROE % is 9.71%, which is 23% below median its own 10-year median of 12.59. 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 ₹2,108.80 — trading 44.8% above its estimated fair value. The current ROE % is 9.71%, which is 23% below median its 10-year median of 12.59 and 46.7% above the Vehicles & Parts industry median of 6.62. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Bharat Forge (NSE:BHARATFORG), the current ROE % is 9.71% 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 ₹2,108.80 is trading 44.8% above its estimated GF Value™ of ₹1,455.87.
GuruFocus considers Bharat Forge to be Significantly Overvalued.
Key valuation signals for NSE:BHARATFORG:
ROE %: 9.71% (23% below median its 10-year median of 12.59)
GF Value™: ₹1,455.87 vs. price of ₹2,108.80 (44.8% above fair value)
Industry Position: 46.7% above the Vehicles & Parts median (#389 of 1308)
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 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
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:BHARATFORG has been successfully added to your 
