Bharat Forge Share Price: 19.1% CAGR in 3 Years as the Forging Major Compares With Uno Minda, Sona BLW and Endurance
- November 13, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Bharat Forge Share Price: 19.1% CAGR in 3 Years as the Forging Major Compares With Uno Minda, Sona BLW and Endurance
Bharat Forge previous close Rs 1,760. 3-year CAGR 19.1%. Up 1.7x since 10 Nov 2023. ROE 8.72%. Market cap Rs 85,957 crore.
Quick Answer
The Bharat Forge share price closed at Rs 1,760 on 12 November 2026, a compounded annual return of 19.1% over three years. That compares with Uno Minda at 29.9%, Sona BLW at 17.9% and Endurance Technologies at 15.5%. The company has a market cap of Rs 85,957 crore and a P/E of 123.70 against an industry P/E of 47.89.
The Bharat Forge share price has risen by about 69% in three years, which is the second best run among the four auto component makers compared here. Bharat Forge, based in Pune, makes forged and machined components for cars and trucks and has also built a business in defence and aerospace.
This article compares that run with Uno Minda, Sona BLW and Endurance Technologies. We calculate the three-year CAGR for all four and set the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions.
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How Much Has the Bharat Forge Share Price Returned in 3 Years?
The Bharat Forge stock closed at Rs 1,040.50 on 10 November 2023 and at Rs 1,760.00 on 12 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.69 lakh, which is a CAGR of 19.1%. This is a price return and leaves out dividends.
CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Bharat Forge can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.
The Bharat Forge share price has also followed demand for forged parts from vehicle makers, the spread of its customers across regions and its growing work in defence products.
Bharat Forge vs Uno Minda, Sona BLW and Endurance Technologies: 3-Year CAGR Compared
The table ranks the companies by three-year CAGR. Prices on 10 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 12 November 2026.
| Company | Close on 10 Nov 2023 | Previous close (12 Nov 2026) | Price multiple | 3-year CAGR |
|---|---|---|---|---|
| Uno Minda | Rs 632.75 | Rs 1,386.00 | 2.2x | 29.9% |
| Bharat Forge | Rs 1,040.50 | Rs 1,760.00 | 1.7x | 19.1% |
| Sona BLW | Rs 565.25 | Rs 926.00 | 1.6x | 17.9% |
| Endurance Technologies | Rs 1,635.45 | Rs 2,519.80 | 1.5x | 15.5% |
The Bharat Forge stock ranks second of the four at 19.1%. It sits ahead of Sona BLW (17.9%) and Endurance Technologies (15.5%). The company ahead is Uno Minda (29.9%). Uno Minda leads the group on three-year CAGR, followed by Bharat Forge, Sona BLW and Endurance Technologies. Bharat Forge is the largest of the four by market cap.
Look at the Bharat Forge share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.
Valuation and Quality Compared
| Company | Market cap | P/E | Industry P/E | ROE | Debt to equity |
|---|---|---|---|---|---|
| Bharat Forge | Rs 85,957 crore | 123.70 | 47.89 | 8.72% | 0.68 |
| Uno Minda | Rs 79,113 crore | 56.17 | 36.96 | 17.72% | 0.40 |
| Sona BLW | Rs 57,766 crore | 78.24 | 36.88 | 11.63% | 0.10 |
| Endurance Technologies | Rs 35,550 crore | 34.96 | 36.96 | 14.08% | 0.19 |
By market cap, Bharat Forge is the largest of the group at Rs 85,957 crore, which gives it the scale advantage over Uno Minda, Sona BLW, Endurance Technologies. On earnings, Bharat Forge shares trade at a P/E of 123.70 against an industry P/E of 47.89, a premium of about 158%, which signals that the market expects faster earnings growth. Peer multiples are Uno Minda at 56.17, Sona BLW at 78.24 and Endurance Technologies at 34.96.
Return on equity is 8.72% for the Bharat Forge stock, which ranks fourth among the four, and debt to equity stands at 0.68. Trailing EPS is Rs 14.22. Auto component makers are valued on order books and the returns they earn on plants and machinery, so the P/E should be read together with return on equity and the debt on the balance sheet.
What Is Driving the Bharat Forge Stock?
Bharat Forge makes crankshafts, axle parts and other heavy forgings for passenger cars, trucks and industrial customers. It sells in India and to vehicle makers abroad, which spreads its business across several markets.
The company has also widened into defence and aerospace, where it makes artillery systems and forged parts for aircraft. Its debt to equity of 0.68 is the highest of the four companies compared here, which reflects the cost of its plants and its plans for expansion.
Followers of the Bharat Forge share price usually track vehicle demand, export orders, progress in defence products and the return on equity of the company.
How the Established Players Stack Up
Uno Minda is a Gurugram-based maker of lighting, switches, seating and other parts for vehicles, with a growing business in electric vehicle components. It compounded at 29.9% a year, on a market cap of Rs 79,113 crore and an ROE of 17.72%.
Sona BLW is a Gurugram-based maker of differential gears, motors and other precision parts for cars and electric vehicles. It compounded at 17.9% a year, on a market cap of Rs 57,766 crore and an ROE of 11.63%.
Endurance Technologies is a Chhatrapati Sambhajinagar-based maker of suspension, braking and aluminium parts for two-wheelers and cars. It compounded at 15.5% a year, on a market cap of Rs 35,550 crore and an ROE of 14.08%.
What Should Investors Track Next?
Three things are worth watching on the Bharat Forge share price. First, orders from vehicle makers in India and abroad. Second, progress in defence and aerospace. Third, the return on equity as new plants start earning.
At a P/E of 124, the stock trades well above the industry P/E of 48, and its ROE is 8.72%. The valuation already reflects its growth plans, so follow quarterly numbers closely.
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How to Compare Auto Components Stocks Yourself
You can repeat this exercise for any pair of stocks, including the Bharat Forge stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.
A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the Bharat Forge share price, the same four checks give a more complete picture than price alone.
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The Largest Auto Component Maker in the Group, With a Second Place CAGR
The Bharat Forge share price compounded at 19.1% a year over three years, ahead of Sona BLW at 17.9% and Endurance Technologies at 15.5%, and behind Uno Minda at 29.9%. Its market cap of Rs 85,957 crore is the largest of the four.
Uno Minda brings the faster run and the highest ROE, while Endurance Technologies brings the lowest P/E. Bharat Forge brings size and a defence business. The choice depends on which strengths matter most to you.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the Bharat Forge share price today?
Ans. Bharat Forge closed at Rs 1,760 on 12 November 2026, according to NSE data. It has a market cap of Rs 85,957 crore and a P/E of 123.70. Check live quotes before acting, as prices change every trading day.
What is the 3-year CAGR of the Bharat Forge stock?
Ans. Bharat Forge delivered a price CAGR of 19.1% over three years, moving from Rs 1,040.50 on 10 November 2023 to Rs 1,760.00 on 12 November 2026. The figure excludes dividends and uses adjusted closing prices.
Is Bharat Forge better than Uno Minda?
Ans. Uno Minda delivered a higher three-year CAGR at 29.9% than Bharat Forge at 19.1%. Bharat Forge is larger by market cap at Rs 85,957 crore against Rs 79,113 crore, while Uno Minda trades at a lower P/E of 56.17 against 123.70 and has a higher ROE at 17.72% against 8.72%. The better choice depends on your view of each business.
What does Bharat Forge do?
Ans. Bharat Forge is a Pune-based maker of forged and machined components for vehicles, with additional businesses in defence and aerospace.
Is the Bharat Forge stock debt free?
Ans. The debt to equity ratio of the Bharat Forge stock is 0.68 and its return on equity is 8.72%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.
Is Bharat Forge expensive compared with the industry?
Ans. Bharat Forge trades at a P/E of 123.70 against an industry P/E of 47.89. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.
Which auto components stock gave the highest return in 3 years?
Ans. Among the companies compared here, Uno Minda delivered the highest three-year CAGR at 29.9%, followed by Bharat Forge at 19.1%. Past returns do not guarantee future performance.
How do I calculate CAGR for a stock?
Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.