Bharat Forge shares hit 52-week high as firm signs ₹425 crore contract with Ministry of Defence

Bharat Forge shares gained on Monday, June 22, to hit its 52-week high of ₹2,062 apiece after the company secured a major order from the Ministry of Defence.

Last week, Bharat Forge Limited signed a ₹425 crore contract with the Ministry of Defence for the supply of gas turbine generators to the Indian Navy for onboard power generation on Kolkata-class ships. The contract will be executed over a period of 5 years, the company said.

The firm further said that rated at 1.25 MW, the new gas turbine generators will replace the lower-capacity units currently in service onboard. “Awarded under the Buy (Indian) category of the Defence Acquisition Procedure 2020 (DAP-2020), the contract marks BFL's entry into the marine gas turbine (GT) business—and will deliver the first indigenous GT-based power plant to operate aboard Indian Naval ships,” Bharat Forge said in a statement.

Bharat Forge also stated that, as a key player in India’s defence manufacturing ecosystem with extensive experience in handling complex programmes, it plans to set up a dedicated integration and testing facility for gas turbine generators (GTGs). The company also said it intended to participate in the design and development of larger power plants and propulsion gas turbines, further strengthening its technological capabilities in the segment.

The firm added that these manufacturing capabilities are expected to support the evolving requirements of the Indian armed forces through localized production. This, in turn, would contribute towards enhancing self-reliance by enabling end-to-end maintenance, repair, and overhaul operations for gas turbines and GTGs within the country.

Bharat Forge Q4 FY26 results

The forged and machined components manufacturer had posted a 17.40% decline in its consolidated profit after tax to ₹233.44 crore for the March quarter of the financial year 2025-26. The company had reported a post-tax profit of ₹282.62 crore a year back.

Its revenue from operations advanced 17.53% to ₹4,528.04 crore in the quarter under review. It was ₹3,852.6 crore in the same quarter a year ago.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) climbed 14.21% to ₹778 crore in the January-March quarter of fiscal 2026 as against ₹681 crore in Q4 FY25. The EBITDA margin was at 17.81% vs. 17.68%.

The company had secured new orders worth ₹4,814 crore in FY26, including ₹2,816 crore from the defence segment, with the defence order book standing at ₹10,961 crore as of FY26.

Bharat Forge share price

At 10:56 AM, Bharat Forge shares were trading at ₹2,051.80 apiece on the National Stock Exchange, rising 0.51%. The stock has jumped 1% to its intraday and 52-week high level of ₹2,062 per share during the session.

Shares of the firm have jumped 8% over a month, while they have surged 41% in the past six months. From the beginning of the year, shares of Bharat Forge have soared 40%.

According to NSE data, the company has a market capitalization of ₹98,055.98 crore.