Bharat Forge (500493) Company Presentation summary

Company overview

• Over 50 years of experience in manufacturing critical and safety components for global markets.

• Vertically integrated operations with 28 manufacturing locations across India, Europe, and North America.

• Serves 100+ global and domestic customers, with 75.56% of FY24 revenue from outside India.

• Diversified across automotive, industrial, defence, aerospace, and e-mobility sectors.

• Product range spans from 0.2 kg to over 30 tons, including steel/aluminum forgings, castings, and machined components.

Market opportunities and positioning

• Benefiting from India's strong consumer demand, infrastructure spending, and government policies.

• Growth in automotive, castings, and forgings driven by global OEM outsourcing and domestic demand.

• Defence sector growth supported by rising global military spending and India's 'Make in India' initiative.

• Transcontinental presence with 25 manufacturing facilities in 5 countries and 3 continents.

• Dual shore manufacturing and asset fungibility enable flexibility across products and markets.

Innovation and growth strategy

• 18 research collaborations and 70+ patents granted, with 50+ pending as of September 2024.

• Kalyani Center for Manufacturing and Innovation drives efficiency and advanced engineering.

• Strategic acquisitions (JS Autocast, American Axle India) expand capabilities in castings and axles.

• Transformation from pure-play forgings to a diversified manufacturing conglomerate.

• Focus on new product development, advanced technology integration, and selective inorganic growth.