Wealth Creation (CAGR FY 2010-2020)
9.4%
Growth in Revenues
9.1%
Growth in EBITDA
13.4%
Growth in Profit Before Tax*
14.1%
Growth in Profit After Tax
* before exchange gain/loss and exceptional items
How Bharat Forge Limited transformed in the last decade
Strengthened presence in the Industrial sector
2010
53% Commercial Vehicles
16% Passenger Vehicles
31% Industrial
Revenues
₹ 18,564 Million
2020
43% Commercial Vehicles
17% Passenger Vehicles
40% Industrial
Revenues
₹ 45,639 Million
New initiatives ventured to de-risk major business areas:
- Center for Lightweighting
- E-mobility
- Aerospace
- Turbochargers / BS VI
- Defence
Reduced leverage
2010
Debt / Equity (Net)
1.07
Net Debt / EBITDA
3.74
2020
Debt / Equity (Net)
0.25
Net Debt / EBITDA
1.31
Geographic diversification and strong growth in export business
2010
62% Domestic Revenues
38% Export Revenues
2020
42% Domestic Revenues
58% Export Revenues
Manufacturing excellence
2010
- No. of certifications for our manufacturing plants: 9
- 6 sigma projects implemented: 0
- No. of VAVE projects: 18
- Frequency rate: 1.47
2020
- No. of certifications for our manufacturing plants: 27
- 6 sigma projects implemented: 45
- No. of VAVE projects: 38
- Frequency rate: 0.08
- Industry 4.0 Center of Excellence (digital transformation, machine learning and artificial intelligence)
- Internet of Things (IoT)
Employee strength
2010
Engineers and PG's/PhD's (% of total)
13%
Diploma and ITI (% of total)
37%
Revenue/employee
₹ 3.6 Million
2020
Engineers and PG's/PhD's (% of total)
26%
Diploma and ITI (% of total)
47%
Revenue/employee
₹ 8.9 Million
Strengthening R&D capabilities
2010
Total Patents filed till date
0
Total Patents granted till date
0
R&D Expenses
₹ 29 Million
2020
Total Patents filed till date
70
Total Patents granted till date
6
R&D Expenses
