Synopsis: Bharat Forge Limited has acquired 90% stake in RS Aerostructures Limited (RSAL) via its wholly owned subsidiary, BF Industrial Solutions Limited (BFISL). The transaction is now closed, and RS Aerostructures has officially become a step down subsidiary of Bharat Forge, strengthening the group’s footprint in the aerospace manufacturing sector.
The acquisition strengthens Bharat Forge’s presence in the aerospace and defence manufacturing ecosystem and expands its capabilities beyond its core forging business.
Bharat Forge Limited is currently trading at Rs 2,140 after yesterday’s closing price of Rs 2,122.8 . The stock opened at Rs 2,139.8 and striked a day high of Rs 2,146.8 ; the day’s low so far is Rs 2,122.9. The current market capitalisation of the company is Rs 1,02,318 crore, with a price-to-earnings ratio of 86.7 times, which is higher than the peer median industry ratio of 27.77 times.
Acquisition
BF Industrial Solutions Limited has acquired 36,00,000 equity shares of Rs 10 each at par, constituting 90 percent of the paid-up share capital of RS Aerostructures Limited on a fully diluted basis. The transaction represents the successful closing of the acquisition first announced in April 2026.
With this acquisition, Bharat Forge is now entering a larger aerospace manufacturing footprint. “Integrating RS Aerostructures into our group structure enhances our engineering diversification and deepens our footprint in high-value precision manufacturing segments.”
Acquisition of a proven player like RS Aerostructures Limited removes the time-consuming organic build-up and positions Bharat Forge to serve global commercial aviation and defence customers instantly.
Recent Quarter Results
Bharat Forge Ltd reported revenue from operations of Rs. 4,528 crore in Q4 FY26, compared to Rs. 4,343 crore in Q3 FY26 and Rs. 3,853 crore in Q4 FY25. This reflects an increase of 4.25 percent quarter-on-quarter and a stable growth of 17.5 percent year-on-year.
Net profit for Q4 FY26 decreased to Rs. 233 crore, compared to Rs. 273 crore in Q3 FY26 and also a decrease from Rs. 283 crore in Q4 FY25. This represents a substantial decrease of 14.65 percent quarter-on-quarter and nearly 17.66 percent downside year-on-year. Earnings per share (EPS) decreased to Rs. 4.86 from Rs. 5.53 in the previous quarter. In terms of return ratios, the company’s ROCE and ROE stand at 13.1 percent and 12.5 per cent, respectively, and its debt-to-equity ratio is at 0.76 times
Bottom Line
Acquisition of a proven player like RS Aerostructures Limited removes the time-consuming organic build-up and positions for Bharat Forge to serve global commercial aviation and defence customers instantly.
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