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Balu Forge Industries Limited BALUFORGE NSEINFRA

Industrials · Metal Fabrication · India
https://www.baluindustries.com
Company Profile ↓
₹451.45
-33.60% 1Y
Mkt Cap₹5,191.31 Cr
P/E18.89
P/B3.04
Div. Yield0.03%
52W High₹687.65
52W Low₹356.30
Book Value₹138.66
EPS (TTM)₹23.90

Company Overview

Balu Forge Industries Limited manufactures and sells crankshafts in India and internationally. The company also offers railway wheels, under carriages, transmission and clutches, chassis, hydraulic motors, brake parts, lifting hooks, towing accessories, turbine blades, empty shells, and forged components as well as oil and gas, and flow control products. It supplies crankshafts to original equipment manufacturers. The company serves the agriculture tractor and harvester; defense; oil and gas pump compressor; heavy duty truck, bus, and trailer automotive; generator industrial, standby home backup, and portable; refrigeration compressor industrial; railway; aerospace; marine; locomotive; off road and on road motorcycle, cart, and jet ski; racing; earth-moving equipment; and e-mobility industries. Balu Forge Industries Limited is based in Mumbai, India.

Why Investors Should Care

Strong Return on Equity

Generates a return on equity of 16.2%, reflecting efficient use of shareholder capital.

Healthy Capital Returns

Return on capital employed stands at 19.8%.

Consistent Profit Growth

Net profit has compounded at 88.1% per year over the last five years.

Steady Revenue Expansion

Revenue has grown at a 50.8% CAGR over the past five years.

Reasonable Valuation

Trades at a P/E of 18.9, below the sector median of 29.6.

Healthy Margins

Maintains a net profit margin of 23.4%.

Recent Developments

  • Mar 2026 Revenue of ₹1,107.37 Cr (+19.9% YoY); net profit ₹258.89 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +19.9%, earnings +27.0%.
  • 5-Year Trend Long-term compounding — revenue CAGR 50.8%, profit CAGR 88.1%.

Growth & Price Performance

Compounded Sales Growth

5 Years:50.81%
1 Year:19.89%

Compounded Profit Growth

5 Years:88.08%
1 Year:27.00%

Stock Price Performance

1 Year:-33.60%
6 Months:-1.62%
3 Months:-6.97%
1 Month:+0.62%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 29% of range
₹356.30 ₹687.65
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)45.80 · Neutral
Price Performance
1M+0.62%
3M-6.97%
6M-1.62%
1Y-33.60%
Valuation vs Sector

P/E of 18.89 is below the sector median of 29.60 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Excellent profit margin of 23.4%.
  • Compounding revenue at 50.8% over 5 years.
  • Profit CAGR of 88.1% over 5 years.

CONS

  • Trading 34.4% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
18.89
Industry PE
29.60
Forward P/E est.
14.87
PEG Ratio
-
Book Value
₹138.66
Price to Book
3.04
P/S
4.85
EV/EBITDA
16.37
Dividend Yield
0.03%

Growth (CAGR)

Revenue 5Y
50.81%
Profit 5Y
88.08%
Revenue (YoY)
19.89%
Earnings (YoY)
27.00%

Profitability & Returns

ROCE
19.83%
ROE
16.24%
ROA
13.99%
Profit Margin
23.38%
Op Margin
26.15%
Gross Margin
35.92%
EPS (Latest Qtr)
₹6.35
EPS (TTM)
₹23.90

Balance Sheet & Liquidity

Debt/Equity
0.10
Quick Ratio
2.89
Current Ratio
3.54
Debt
₹151.87 Cr
Total Assets
₹1,850.78 Cr
Current Assets
₹793.84 Cr
Working Capital
₹569.75 Cr

Ownership

Promoter Holding
65.31%
Chg in Prom Hold
10.91%
FII / Inst Holding
2.56%
Chg in FII Hold
-0.01%

Financial Snapshot

Enterprise Value
₹5,191.31 Cr
Total Revenue (TTM)
₹1,107.37 Cr
EBITDA
₹332.46 Cr
Free Cash Flow
₹-322.26 Cr
Operating Cash Flow
₹31.70 Cr
Shares Outstanding
₹11.50 Cr
Gross Margin
35.92%
Payout Ratio
0.63%

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 BALUFORGE Balu Forge Industries Limited NSEINFRA 451.45 18.89 ₹5,191.31 Cr 0.03% 19.83% 16.24% 50.81% 88.08%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 3,849.40 32.93 ₹5.30 L Cr 0.96% 14.55% 14.72% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,834.20 31.50 ₹4.23 L Cr 0.42% 10.97% 13.32% 22.93% 34.11%
4 BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU 410.75 56.42 ₹3.00 L Cr 1.05% 31.88% 25.27% 16.63% 26.64%
5 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,463.30 32.75 ₹2.98 L Cr 0.44% 13.80% 22.21% 7.87% 16.08%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 5,202.50 -84.07 ₹2.01 L Cr 0.24% 4.02% -34.31% 16.59% -227.40%
7 CUMMINSIND Cummins India Limited NSEINFRA 5,535.50 64.97 ₹1.53 L Cr 1.17% 34.95% 27.87% 16.07% 24.35%
8 ABB ABB India Limited NSEAIINFRA 6,951.50 88.30 ₹1.47 L Cr 0.58% 28.45% 21.29% 15.41% 17.97%
9 POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA 33,005.00 148.92 ₹1.47 L Cr 0.02% 24.92% 19.09% 22.24% 119.12%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 124.00 Cr112.00 Cr139.00 Cr147.00 Cr161.00 Cr175.00 Cr223.00 Cr256.00 Cr269.65 Cr233.20 Cr299.51 Cr311.11 Cr263.55 Cr
Cost of Revenue --------174.25 Cr144.07 Cr196.91 Cr199.86 Cr168.73 Cr
Gross Profit --------95.40 Cr89.13 Cr102.60 Cr111.25 Cr94.83 Cr
Operating Expenses 103.00 Cr90.00 Cr109.00 Cr114.00 Cr127.00 Cr132.00 Cr158.00 Cr188.00 Cr21.29 Cr18.54 Cr21.94 Cr29.64 Cr38.10 Cr
Operating Income 21.00 Cr22.00 Cr30.00 Cr32.00 Cr33.00 Cr42.00 Cr64.00 Cr67.00 Cr74.11 Cr70.59 Cr80.66 Cr81.61 Cr56.73 Cr
EBITDA 21.00 Cr22.00 Cr30.00 Cr33.00 Cr34.00 Cr43.00 Cr65.00 Cr68.00 Cr79.15 Cr73.96 Cr86.10 Cr89.01 Cr83.40 Cr
Interest Expense 4.00 Cr2.00 Cr4.00 Cr4.00 Cr4.00 Cr2.00 Cr3.00 Cr2.00 Cr4.21 Cr2.23 Cr4.03 Cr5.41 Cr4.78 Cr
Pretax Income 17.00 Cr19.00 Cr30.00 Cr30.00 Cr35.00 Cr42.00 Cr64.00 Cr74.00 Cr74.06 Cr70.04 Cr79.92 Cr80.67 Cr75.42 Cr
Tax Provision 2.04 Cr2.47 Cr6.60 Cr4.80 Cr6.30 Cr7.56 Cr16.00 Cr14.80 Cr11.38 Cr13.01 Cr14.88 Cr9.57 Cr9.68 Cr
Net Income 15.00 Cr17.00 Cr23.00 Cr25.00 Cr28.00 Cr34.00 Cr48.00 Cr59.00 Cr62.69 Cr57.03 Cr65.04 Cr71.09 Cr65.74 Cr
Diluted EPS 1.832.002.322.462.763.334.395.395.494.895.916.266.35

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 142.00 Cr-322.88 Cr553.14 Cr923.62 Cr1,107.37 Cr
Cost of Revenue --226.80 Cr376.32 Cr602.64 Cr709.56 Cr
Gross Profit --96.08 Cr176.83 Cr320.97 Cr397.81 Cr
Operating Expenses 130.00 Cr-43.02 Cr58.77 Cr73.22 Cr108.22 Cr
Operating Income 11.00 Cr-53.05 Cr118.06 Cr247.76 Cr289.58 Cr
EBITDA 12.00 Cr-60.39 Cr124.47 Cr268.25 Cr332.46 Cr
Interest Expense 7.00 Cr-8.49 Cr8.75 Cr10.96 Cr16.45 Cr
Pretax Income 10.00 Cr-50.57 Cr113.66 Cr253.94 Cr306.05 Cr
Tax Provision 2.20 Cr-11.65 Cr20.17 Cr50.09 Cr47.16 Cr
Net Income 8.00 Cr-38.91 Cr93.49 Cr203.86 Cr258.89 Cr
Diluted EPS 1.11-4.679.7218.3823.90

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 171.00 Cr-370.76 Cr712.46 Cr1,252.19 Cr1,850.78 Cr
Current Assets --298.86 Cr493.00 Cr567.68 Cr793.84 Cr
Cash & Equivalents --5.15 Cr87.94 Cr93.08 Cr85.66 Cr
Inventory --34.82 Cr89.47 Cr98.09 Cr145.28 Cr
Receivables --210.52 Cr218.50 Cr327.27 Cr425.10 Cr
Total Liabilities --173.13 Cr159.50 Cr198.97 Cr256.26 Cr
Current Liabilities --160.60 Cr133.73 Cr181.73 Cr224.09 Cr
Long Term Debt --11.69 Cr24.84 Cr16.06 Cr10.72 Cr
Total Debt 26.00 Cr-51.87 Cr48.79 Cr39.78 Cr151.87 Cr
Total Equity 78.00 Cr-197.63 Cr552.96 Cr1,053.22 Cr1,594.52 Cr
Shares Outstanding --8.34 Cr10.26 Cr11.08 Cr11.50 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 17.00 Cr-26.16 Cr-31.73 Cr148.00 Cr31.70 Cr
Investing Cash Flow -3.00 Cr--21.25 Cr-134.11 Cr-415.62 Cr-353.96 Cr
Financing Cash Flow -12.00 Cr--5.68 Cr248.64 Cr272.75 Cr314.84 Cr
Capital Expenditure -3.00 Cr--21.25 Cr-134.11 Cr-415.42 Cr-353.95 Cr
Free Cash Flow 14.00 Cr-4.91 Cr-165.84 Cr-267.41 Cr-322.26 Cr
Net Change in Cash 2.00 Cr--77.22 L82.79 Cr5.14 Cr-7.42 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % --29.8%32.0%34.8%35.9%
Operating Margin % 7.7%-16.4%21.3%26.8%26.2%
Net Margin % 5.6%-12.1%16.9%22.1%23.4%
ROE % 10.3%-19.7%16.9%19.4%16.2%
ROCE % --25.2%20.4%23.1%17.8%

Shareholding Pattern

Insiders
65.31%
Institutions
2.56%
Public Float
7.39%

Analyst View

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Latest News

Recent headlines for BALUFORGE

Google News Sat, 10 Jan 2026

Balu Forge Industries Limited (NSE:BALUFORGE) Stock's 29% Dive Might Signal An Opportunity But It Requires Some Scrutiny - simplywall.st

<a href="https://news.google.com/rss/articles/CBMi6gFBVV95cUxPTXRqOVFCMzVGMnlLTThWT045MnR3S2wtMGVXc182RDE0UGFnWFI5aEhhQm15MVdpWjNuX2hvTVJ6RDZzcld6YlRyUXhabXI0ZzNjemYzLXFjTFdCRkxsNktCTTExeTBVck01d1V2cWtSVEJPbno3YnBEem1ZSGVJOGJlajBTYjIyanhjUW…

Google News Sat, 20 Jun 2026

Balu Forge Plans Non-Deal Investor Roadshow on 24 June - The Globe and Mail

<a href="https://news.google.com/rss/articles/CBMi0AFBVV95cUxOdWRPdHBKdWY5NDI3ZEYxMFh1NTFoeEVmc3hDREhxNGNLRmlqc1FlVFpfX3pYQWlsUm1HcW1MbUFoVkVtYy10NzRKR0c3cGxhY2UzaUtndWZpNl9TZHVQUWZObDBiMVRhWld5Q3VsTnZ4OHZPejZvRlRPR0FBdmEwd0ZzVm9TN0Y0SnBUQk…

Google News Sun, 07 Jun 2026

Solid Earnings May Not Tell The Whole Story For Balu Forge Industries (NSE:BALUFORGE) - simplywall.st

<a href="https://news.google.com/rss/articles/CBMi6gFBVV95cUxNNGt3eXlfT3pJRHJ5d2Ita3JxdnRoUlQtenRBNmRjOUVOcmlJX3UzVEFNMzVSSkVodjJJVk9QOTdVMHhqVDFNdUdIcmVaV2ZrVXBuSkpDaFFPR3VObjdwVWtVdHVsYk81UEx4VGQ5TGFGNEJxeXd2M2Y3bGdUVXFhOVM4VWY0UGVja3RjaF…

Google News ue, 26 May 2026

Balu Forge Industries spikes 10% on aerospace order from US Alpha Aircraft - Business Standard

<a href="https://news.google.com/rss/articles/CBMi4gFBVV95cUxNLUtBRUwtSWw5M2JmNU8xaU1JRDlDaXA4V2Z0S3VLRVBDTUlDdENSazcxaGhDU3VJRmFXcEFFYjd5LVFaa09jSHVZRHNsX01VVTdUa1g1R28zWkxNcXR6UXBnVmpKZkp3YzdtSkEwVUtUSzI3UFhySkRDd05SSm9JUFVuMWFQQUtJdEpGck…

Google News Wed, 07 Jan 2026

Balu Forge shares plunge 20%. Is the rout done or is more pain ahead? - The Economic Times

<a href="https://news.google.com/rss/articles/CBMi1wFBVV95cUxOMG9oNnJvbVU0ZkNXU1A3YjItWUxubWFCcTZRZTRUM24wMWNWdVhsRWRPeTlIc0cyVnA0LTFkX3dpNzF4X1c1eGtva3lLbEVvSGpJbXRHWTcyaTVhSHF1LU0tSm9lSkZQYXRjaU8wa3Rydmd3YmhFR254b2hCRS1ac0Q4T2RyUFc2ZjRsc0…

Google News Sun, 31 May 2026

Balu Forge Industries posts robust FY26 profit growth despite softer Q4 - The Globe and Mail

<a href="https://news.google.com/rss/articles/CBMi5wFBVV95cUxOQ2M2WnpHNEFqY0JMdEQ0RE52Sk1sckFFWVV1bDNiUC1rU0E4dW51MFdHUlk4Y2pFZ25lSGs1OHpoNDJodDQtQS1zLWU0VjJwNnRqcWJxbVUyU2FFOFZhV3I4SXhtakw2TkdhcXRHM2d0QWNsc19RNU5jRTY3MHF0dGdlZUpJMmVweHNIRl…

BALUFORGE — Frequently Asked Questions

What is the current share price of Balu Forge Industries Limited (BALUFORGE)?

As of 2026-07-15 09:52 IST, Balu Forge Industries Limited (BALUFORGE) trades at ₹451.45 on NSE. Its 52-week range is ₹356.30 to ₹687.65.

What is the market capitalisation of BALUFORGE?

Balu Forge Industries Limited (BALUFORGE) has a market capitalisation of ₹5,191.31 Cr on NSE.

What is the P/E ratio of BALUFORGE?

BALUFORGE trades at a trailing price-to-earnings (P/E) ratio of 18.89. The industry average P/E is 29.60. Its price-to-book (P/B) ratio is 3.04.

Does BALUFORGE pay a dividend?

Balu Forge Industries Limited (BALUFORGE) currently offers a dividend yield of 0.03%.

What is the return on equity (ROE) of BALUFORGE?

BALUFORGE has a return on equity (ROE) of 16.24%. Its return on capital employed (ROCE) is 19.83%.

Is BALUFORGE a good stock to buy?

This page provides a data-driven analysis of Balu Forge Industries Limited (BALUFORGE), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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