Which stock is cheaper: HAL or BHARATFORG?

Based on Price to Earnings, HAL trades at a P/E of 35.2 while BHARATFORG trades at a P/E of 130.0.

Does HAL or BHARATFORG have higher ROCE?

HAL generates an ROCE of 8.8% compared to BHARATFORG's ROCE of 11.5%.

HINDUSTAN AERONAUTICS LTD (HAL) has a market cap of ₹3,28,034 Cr compared to BHARAT FORGE LTD (BHARATFORG) with ₹92,983 Cr.

HALIndustrials

Leads (3/5)

₹4,853.70-0.33%

Market Cap: ₹3,28,034 Cr

BHARATFORGIndustrials

₹1,720.00-2.62%

Market Cap: ₹92,983 Cr

Automated quantitative breakdown of fundamental strengths between HAL and BHARATFORG.

Attractive ValuationHAL (P/E 35.2)Trades at lower Price-to-Earnings

Capital EfficiencyBHARATFORG (ROCE 11.5%)Superior operating return on capital

Balance Sheet SafetyHALLower debt-to-equity ratio

Shareholder YieldBHARATFORG (2.56%)Higher annual dividend yield

Green highlight indicates the stronger metric

Financial Metric	HAL	BHARATFORG
Valuation Multiples
Market Capitalization	₹3,28,034 Cr	₹92,983 Cr
Price to Earnings (P/E)	35.19	130.05
Price to Book (P/B)	N/A	13.36
Profitability & Capital Efficiency
Return on Capital Employed (ROCE)	8.84%	11.47%
Return on Equity (ROE)	N/A	17.97%
Operating Profit Margin (OPM)	36.81%	9.30%
Net Profit Margin (NPM)	30.10%	5.14%
Balance Sheet & Solvency
Debt to Equity Ratio	0.03	1.05
Dividend Yield	0.91%	2.56%
Historical Growth
3-Year Sales Growth (CAGR)	-14.49%	-16.09%
Latest Quarter Financial Results
Quarterly Revenue (30 Jun 2026)	₹5,515 Cr	₹4,640 Cr
Quarterly Net Profit	₹1,590 Cr	₹-90 Cr