Balu Forge Industries Limited BALUFORGE NSEINFRA
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
Generates a return on equity of 16.2%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 19.8%.
Net profit has compounded at 88.1% per year over the last five years.
Revenue has grown at a 50.8% CAGR over the past five years.
Trades at a P/E of 24.0, below the sector median of 28.9.
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: | +0.13% |
| 6 Months: | +25.20% |
| 3 Months: | +27.93% |
| 1 Month: | +25.23% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)56.63 · Neutral
P/E of 24.02 is below the sector median of 28.90 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
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
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BALUFORGE Balu Forge Industries Limited NSEINFRA | 574.10 | 24.02 | ₹6,601.68 Cr | 0.03% | 19.83% | 16.24% | 50.81% | 88.08% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 3,964.10 | 33.92 | ₹5.45 L Cr | 0.94% | 14.55% | 14.72% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,707.30 | 29.32 | ₹3.93 L Cr | 0.44% | 10.97% | 13.32% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,856.00 | 35.63 | ₹3.25 L Cr | 0.41% | 13.80% | 22.21% | 7.87% | 16.08% |
| 5 | BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU | 405.35 | 48.90 | ₹2.96 L Cr | 0.63% | 31.88% | 25.27% | 15.47% | 26.64% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,977.00 | -80.43 | ₹1.92 L Cr | 0.24% | 4.02% | -34.31% | 15.55% | -227.40% |
| 7 | ABB ABB India Limited NSEAIINFRA | 7,410.00 | 94.12 | ₹1.57 L Cr | 0.51% | 28.45% | 21.29% | 15.41% | 17.97% |
| 8 | BHEL Bharat Heavy Electricals Limited NIFTY_MIDNSEAIINFRAPSU | 431.10 | 93.72 | ₹1.50 L Cr | 0.34% | 6.60% | 6.12% | 13.49% | 35.91% |
| 9 | SIEMENS Siemens Limited NSEAIINFRA | 3,977.00 | 51.47 | ₹1.42 L Cr | 0.46% | 16.46% | 19.90% | 3.04% | 10.90% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 124.00 Cr | 112.00 Cr | 139.00 Cr | 147.00 Cr | 161.00 Cr | 175.00 Cr | 223.00 Cr | 256.00 Cr | 269.65 Cr | 233.20 Cr | 299.51 Cr | 311.11 Cr | 263.55 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 174.25 Cr | 144.07 Cr | 196.91 Cr | 199.86 Cr | 168.73 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 95.40 Cr | 89.13 Cr | 102.60 Cr | 111.25 Cr | 94.83 Cr |
| Operating Expenses | 103.00 Cr | 90.00 Cr | 109.00 Cr | 114.00 Cr | 127.00 Cr | 132.00 Cr | 158.00 Cr | 188.00 Cr | 21.29 Cr | 18.54 Cr | 21.94 Cr | 29.64 Cr | 38.10 Cr |
| Operating Income | 21.00 Cr | 22.00 Cr | 30.00 Cr | 32.00 Cr | 33.00 Cr | 42.00 Cr | 64.00 Cr | 67.00 Cr | 74.11 Cr | 70.59 Cr | 80.66 Cr | 81.61 Cr | 56.73 Cr |
| EBITDA | 21.00 Cr | 22.00 Cr | 30.00 Cr | 33.00 Cr | 34.00 Cr | 43.00 Cr | 65.00 Cr | 68.00 Cr | 79.15 Cr | 73.96 Cr | 86.10 Cr | 89.01 Cr | 83.40 Cr |
| Interest Expense | 4.00 Cr | 2.00 Cr | 4.00 Cr | 4.00 Cr | 4.00 Cr | 2.00 Cr | 3.00 Cr | 2.00 Cr | 4.21 Cr | 2.23 Cr | 4.03 Cr | 5.41 Cr | 4.78 Cr |
| Pretax Income | 17.00 Cr | 19.00 Cr | 30.00 Cr | 30.00 Cr | 35.00 Cr | 42.00 Cr | 64.00 Cr | 74.00 Cr | 74.06 Cr | 70.04 Cr | 79.92 Cr | 80.67 Cr | 75.42 Cr |
| Tax Provision | 2.04 Cr | 2.47 Cr | 6.60 Cr | 4.80 Cr | 6.30 Cr | 7.56 Cr | 16.00 Cr | 14.80 Cr | 11.38 Cr | 13.01 Cr | 14.88 Cr | 9.57 Cr | 9.68 Cr |
| Net Income | 15.00 Cr | 17.00 Cr | 23.00 Cr | 25.00 Cr | 28.00 Cr | 34.00 Cr | 48.00 Cr | 59.00 Cr | 62.69 Cr | 57.03 Cr | 65.04 Cr | 71.09 Cr | 65.74 Cr |
| Diluted EPS | 1.83 | 2.00 | 2.32 | 2.46 | 2.76 | 3.33 | 4.39 | 5.39 | 5.49 | 489.00 | 5.91 | 6.26 | 6.35 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | 142.00 Cr | - | 322.88 Cr | 553.14 Cr | 923.62 Cr | 1,107.37 Cr |
| Cost of Revenue | - | - | 226.80 Cr | 376.32 Cr | 602.64 Cr | 709.56 Cr |
| Gross Profit | - | - | 96.08 Cr | 183.54 Cr | 320.97 Cr | 397.81 Cr |
| Operating Expenses | 130.00 Cr | - | 43.02 Cr | 58.77 Cr | 73.22 Cr | 108.22 Cr |
| Operating Income | 11.00 Cr | - | 53.05 Cr | 118.06 Cr | 247.76 Cr | 289.58 Cr |
| EBITDA | 12.00 Cr | - | 60.39 Cr | 124.47 Cr | 268.25 Cr | 332.46 Cr |
| Interest Expense | 7.00 Cr | - | 8.49 Cr | 13.64 Cr | 10.96 Cr | 16.45 Cr |
| Pretax Income | 10.00 Cr | - | 50.57 Cr | 113.66 Cr | 253.94 Cr | 306.05 Cr |
| Tax Provision | 2.20 Cr | - | 11.65 Cr | 20.17 Cr | 50.09 Cr | 47.16 Cr |
| Net Income | 8.00 Cr | - | 38.91 Cr | 93.49 Cr | 203.86 Cr | 258.89 Cr |
| Diluted EPS | 1.11 | - | 4.67 | 9.72 | 18.38 | 23.90 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Total Assets | 171.00 Cr | - | 370.76 Cr | 712.46 Cr | 1,252.19 Cr | 1,850.78 Cr |
| Current Assets | - | - | 298.86 Cr | 493.00 Cr | 567.68 Cr | 793.84 Cr |
| Cash & Equivalents | - | - | 5.15 Cr | 87.94 Cr | 93.08 Cr | 85.66 Cr |
| Inventory | - | - | 34.82 Cr | 89.47 Cr | 98.09 Cr | 145.28 Cr |
| Receivables | - | - | 210.52 Cr | 218.50 Cr | 327.27 Cr | 425.10 Cr |
| Total Liabilities | - | - | 173.13 Cr | 159.50 Cr | 198.97 Cr | 256.26 Cr |
| Current Liabilities | - | - | 160.60 Cr | 133.73 Cr | 177.86 Cr | 224.09 Cr |
| Long Term Debt | - | - | 11.69 Cr | 24.84 Cr | 16.06 Cr | 10.72 Cr |
| Total Debt | 26.00 Cr | - | 51.87 Cr | 48.79 Cr | 39.78 Cr | 151.87 Cr |
| Total Equity | 78.00 Cr | - | 197.63 Cr | 552.96 Cr | 1,053.22 Cr | 1,594.52 Cr |
| Shares Outstanding | - | - | 8.34 Cr | 10.26 Cr | 11.08 Cr | 11.50 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | 17.00 Cr | - | 26.16 Cr | -31.73 Cr | 148.00 Cr | 31.70 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 Cr | 248.64 Cr | 272.75 Cr | 314.84 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 L | 82.79 Cr | 5.14 Cr | -7.42 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Gross Margin % | - | - | 29.8% | 33.2% | 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
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for BALUFORGE
Balu Forge Industries Limited Recommends Final Dividend for the Financial Year 2025-26 - marketscreener.com
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Solid Earnings May Not Tell The Whole Story For Balu Forge Industries (NSE:BALUFORGE) - simplywall.st
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Balu Forge FY26 PAT rises 27% to Rs 2,589 Mn, revenue up 19.9% - scanx.trade
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Microcap 250 index hits 52-week high; Manorama, Balu Forge surge up to 15% - Business Standard
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Balu Forge Industries Limited (NSE:BALUFORGE) Stock's 29% Dive Might Signal An Opportunity But It Requires Some Scrutiny - simplywall.st
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Balu Forge Industries Share Price rises 5.19%: analysis - Univest
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BALUFORGE — Frequently Asked Questions
What is the current share price of Balu Forge Industries Limited (BALUFORGE)?
As of 2026-09-08 04:53 IST, Balu Forge Industries Limited (BALUFORGE) trades at ₹574.10 on NSE. Its 52-week range is ₹356.30 to ₹684.40.
What is the market capitalisation of BALUFORGE?
Balu Forge Industries Limited (BALUFORGE) has a market capitalisation of ₹6,601.68 Cr on NSE.
What is the P/E ratio of BALUFORGE?
BALUFORGE trades at a trailing price-to-earnings (P/E) ratio of 24.02. The industry average P/E is 28.90. Its price-to-book (P/B) ratio is 3.05.
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.