Abstract – Bharat Forge Limited (BFL), one of the world's largest forging companies is based in Pune, India and has nine manufacturing plants in India, Germany, Sweden, United States, Scotland, United Kingdom and mainland China. The flagship company of the USD 2.4 billion Kalyani Group was founded by Indian billionaire Baba Kalyani in 1961 and is listed both in BSE and NSE. BFL manufactures various forged and machined components for the automotive and non-automotive sector (Fig. 1). In this present report, analyses of BFL, mainly from corporate finance point of view are made. Various aspects (cash flow analysis, ratio analysis, capital budgeting, valuation of stock, working capital management, analysis with its peers) are done chapter wise collecting data mainly from company’s website and annual report. Sample calculations (ratio, NPV, IRR, Intrinsic value of stock) are shown in details and remarks are made wherever required. At the end, conclusions are drawn in chapter seven analyzing all aspects.