Bharat Forge Limited vs PTC Industries Limited
An objective side-by-side of BHARATFORG and PTCIL, both in Castings & Forgings: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: BHARATFORG Jun 2026 · PTCIL Jun 2026
At a glance
- Bharat Forge Limited is the larger company by market value, about 2.8 times the size of PTC Industries Limited.
- On trailing earnings, Bharat Forge Limited trades at the lower P/E (131.6 against 266.8).
- PTC Industries Limited earns the higher return on equity (8.3% against 7.5%).
- Over three years PTC Industries Limited has grown profits faster (58% a year against 35%).
- Over the past year the share prices returned +59.1% (BHARATFORG) and +53.5% (PTCIL).
| Metric | Bharat Forge BHARATFORG |
PTC Industries PTCIL |
|---|---|---|
| Size and price | ||
| Market cap | ₹94,131 Cr | ₹33,433 Cr |
| Share price | ₹1,969 | ₹22,300 |
| Valuation | ||
| P/E | 131.58 | 266.76 |
| P/B | 9.83 | 22.19 |
| EV/EBITDA | 34.29 | 195.19 |
| PEG | 3.76 | 4.60 |
| Dividend yield | 0.4% | 0.0% |
| Profitability | ||
| ROE | 7.5% | 8.3% |
| ROCE | 13.0% | 8.0% |
| Operating margin | 16.9% | 24.8% |
| Sales (TTM) | ₹17,543 Cr | ₹697 Cr |
| Net profit (TTM) | ₹715 Cr | ₹125 Cr |
| Growth | ||
| Latest quarter sales YoY | +18.7% | +97.4% |
| Latest quarter profit YoY | -131.7% | +466.2% |
| Sales CAGR 3Y | +9.0% | +40.0% |
| Profit CAGR 3Y | +35.0% | +58.0% |
| Sales CAGR 5Y | +22.0% | +30.0% |
| Profit CAGR 5Y | +40.0% | +101.0% |
| Financial strength | ||
| Debt/Equity | 0.76 | 0.17 |
| Interest cover | 6.04 | 11.23 |
| Ownership | ||
| Promoter holding | 44.1% | 59.7% |
| Promoter change (4 qtrs) | +0.00 pp | -0.03 pp |
| Price performance | ||
| Return 1M | -4.52% | +13.64% |
| Return 3M | -6.41% | +24.50% |
| Return 1Y | +59.14% | +53.48% |
| Return YTD | +33.90% | +20.01% |
| Technical condition | ||
| Technical score | 42 | 67 |
| RS rating (1-99) | 76.00 | 83.00 |
| % vs 200-DMA | +7.70% | +23.27% |
| RSI (14) | 45.45 | 54.19 |
| % from 52-week high | -14.21% | -7.56% |
