Balu Forge Industries Limited Share Price & Analysis
₹441.3▼ -1.15%Updated 21 Jul 2026, 05:01 pm IST
LTP
₹441.3
-1.15%
Open
₹—
High
₹449.1
Low
₹440.4
Close
₹441.3
52W High
₹697
52W Low
₹341
Volume
225K
Lot Size
1
Sector
Capital Goods
Market Cap
₹5K Cr
Face Value
₹10
Mid Cap
Price Chart
Fundamentals
P/E
21
Sector P/E
52.7
P/B
3.37
EPS
₹22.62
ROE
19.6%
ROCE
22.7%
D/E Ratio
0.07
Div Yield
0.03%
Book Value
₹131
+
Strengths
- ✓Strong return on equity (ROE 19.6%)
- ✓Efficient capital deployment (ROCE 22.7%)
- ✓Attractively valued vs sector (P/E 21x vs industry 52.7x)
- ✓Virtually debt-free
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,568 | ₹3.0L Cr | 33 | 7.44 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹407 | ₹3.0L Cr | 49.4 | 12.41 | 27.6 | 36.5 | 0 |
| ABB ABB India Limited | ₹7,530 | ₹1.6L Cr | 104 | 20.35 | 22.4 | 29.9 | 0.01 |
| TMCV Tata Motors Limited | ₹412 +0.59% | ₹1.5L Cr | 38.6 | 10.71 | 34 | 35.9 | 0.44 |
| CUMMINSIND Cummins India Limited | ₹5,590 | ₹1.5L Cr | 62.3 | 18.27 | 30.2 | 39.5 | 0 |
| BHEL Bharat Heavy Electricals Limited | ₹417 | ₹1.5L Cr | 60.4 | 5.55 | 6.23 | 9.14 | 0.45 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹912 | ₹1.4L Cr | 118 | 18.02 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
BALUFORGE · as of Mar 2026
Promoters55.25%▲0.54
FII7.07%▲0.14
DII1.07%▲0.10
Public32.43%▼0.73
Govt4.17%▼0.06
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 56.07% | 56.07% | 56.07% | 54.71% | 54.71% | 55.25% |
| FII | 8.77% | 9.71% | 8.51% | 10.43% | 6.93% | 7.07% |
| DII | 1.95% | 1.88% | 1.43% | 0.93% | 0.97% | 1.07% |
| Public | 33.21% | 32.34% | 33.99% | 33.93% | 33.16% | 32.43% |
| Govt | — | — | — | — | 4.23% | 4.17% |
Corporate Events
To consider and approve the financial results for the period ended March 31, 2026 and other business matters
Results29 May 2026
Dividend - Re 0.15 Per Share
Dividend18 Sept 2025
Dividend - Rs 0.15 Per Share
Dividend19 Sept 2024
Annual General Meeting
AGM19 Sept 2024
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹311 Cr ▲3.7% | ₹300 Cr ▲28.8% | ₹233 Cr ▼13.7% | ₹270 Cr ▲5.5% | ₹256 Cr ▲14.8% | ₹223 Cr ▲27.4% | ₹175 Cr ▲8.7% | ₹161 Cr |
| Op. Profit | ₹85 Cr ▲2.4% | ₹83 Cr ▲15.3% | ₹72 Cr ▼4.0% | ₹75 Cr ▲10.3% | ₹68 Cr ▲4.6% | ₹65 Cr ▲51.2% | ₹43 Cr ▲26.5% | ₹34 Cr |
| OPM | 27.0% ▼3.6% | 28.0% ▼9.7% | 31.0% ▲10.7% | 28.0% ▲7.7% | 26.0% ▼10.3% | 29.0% ▲16.0% | 25.0% ▲19.0% | 21.0% |
| Net Profit | ₹71 Cr ▲9.2% | ₹65 Cr ▲14.0% | ₹57 Cr ▼9.5% | ₹63 Cr ▲6.8% | ₹59 Cr ▲22.9% | ₹48 Cr ▲41.2% | ₹34 Cr ▲21.4% | ₹28 Cr |
| EPS (₹) | 6.18 ▲8.2% | 5.71 ▲14.2% | 5 ▼12.7% | 5.73 ▲6.3% | 5.39 ▲22.8% | 4.39 ▲31.8% | 3.33 ▲20.7% | 2.76 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Revenue | ₹924 Cr ▲65.0% | ₹560 Cr ▲71.3% | ₹327 Cr ▲14.3% | ₹286 Cr ▲101.4% | ₹142 Cr |
| Expenses | ₹673 Cr ▲52.6% | ₹441 Cr ▲59.2% | ₹277 Cr ▲11.2% | ₹249 Cr ▲91.5% | ₹130 Cr |
| Op. Profit | ₹251 Cr ▲110.9% | ₹119 Cr ▲138.0% | ₹50 Cr ▲35.1% | ₹37 Cr ▲208.3% | ₹12 Cr |
| OPM | 27.0% ▲28.6% | 21.0% ▲40.0% | 15.0% ▲15.4% | 13.0% ▲44.4% | 9.0% |
| Other Income | ₹17 Cr ▲70.0% | ₹10 Cr ▼23.1% | ₹13 Cr ▲62.5% | ₹8 Cr ▲60.0% | ₹5 Cr |
| Interest | ₹11 Cr ▼21.4% | ₹14 Cr ▲27.3% | ₹11 Cr ▲120.0% | ₹5 Cr ▼28.6% | ₹7 Cr |
| Depreciation | ₹3 Cr ▲50.0% | ₹2 Cr ▲100.0% | ₹1 Cr ▲0.0% | ₹1 Cr ▲0.0% | ₹1 Cr |
| PBT | ₹254 Cr ▲122.8% | ₹114 Cr ▲123.5% | ₹51 Cr ▲30.8% | ₹39 Cr ▲290.0% | ₹10 Cr |
| Tax % | 20.0% ▲11.1% | 18.0% ▼21.7% | 23.0% ▼4.2% | 24.0% ▲9.1% | 22.0% |
| Net Profit | ₹204 Cr ▲119.4% | ₹93 Cr ▲138.5% | ₹39 Cr ▲30.0% | ₹30 Cr ▲275.0% | ₹8 Cr |
| EPS (₹) | 18.63 ▲104.5% | 9.11 ▲95.1% | 4.67 ▲28.7% | 3.63 ▲227.0% | 1.11 |
| Div Payout | 1.0% ▼50.0% | 2.0% | 0.0% ▼100.0% | 3.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Liabilities | ||||||
| Equity Capital | ₹114 Cr ▲2.7% | ₹111 Cr ▲7.8% | ₹103 Cr ▲24.1% | ₹83 Cr ▲1.2% | ₹82 Cr ▲18.8% | ₹69 Cr |
| Reserves | ₹1.1K Cr ▲20.5% | ₹942 Cr ▲109.3% | ₹450 Cr ▲294.7% | ₹114 Cr ▲50.0% | ₹76 Cr ▲744.4% | ₹9 Cr |
| Borrowings | ₹82 Cr ▲105.0% | ₹40 Cr ▼18.4% | ₹49 Cr ▼5.8% | ₹52 Cr ▲10.6% | ₹47 Cr ▲80.8% | ₹26 Cr |
| Other Liabilities | ₹194 Cr ▲22.0% | ₹159 Cr ▲43.2% | ₹111 Cr ▼8.3% | ₹121 Cr ▲55.1% | ₹78 Cr ▲14.7% | ₹68 Cr |
| Total Liabilities | ₹1.5K Cr ▲21.7% | ₹1.3K Cr ▲75.8% | ₹712 Cr ▲91.9% | ₹371 Cr ▲30.6% | ₹284 Cr ▲66.1% | ₹171 Cr |
| Assets | ||||||
| Fixed Assets | ₹436 Cr ▲138.3% | ₹183 Cr ▲221.1% | ₹57 Cr ▲18.8% | ₹48 Cr ▲14.3% | ₹42 Cr ▲0.0% | ₹42 Cr |
| CWIP | ₹351 Cr ▼15.8% | ₹417 Cr ▲220.8% | ₹130 Cr ▲1757.1% | ₹7 Cr ▲0.0% | ₹7 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other Assets | ₹737 Cr ▲13.0% | ₹652 Cr ▲24.2% | ₹525 Cr ▲66.1% | ₹316 Cr ▲34.5% | ₹235 Cr ▲82.2% | ₹129 Cr |
| Total Assets | ₹1.5K Cr ▲21.7% | ₹1.3K Cr ▲75.8% | ₹712 Cr ▲91.9% | ₹371 Cr ▲30.6% | ₹284 Cr ▲66.1% | ₹171 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Operating CF | ₹148 Cr ▲562.5% | ₹-32 Cr ▼223.1% | ₹26 Cr ▲144.8% | ₹-58 Cr ▼441.2% | ₹17 Cr |
| Investing CF | ₹-417 Cr ▼211.2% | ₹-134 Cr ▼538.1% | ₹-21 Cr ▼162.5% | ₹-8 Cr ▼166.7% | ₹-3 Cr |
| Financing CF | ₹274 Cr ▲10.0% | ₹249 Cr ▲4250.0% | ₹-6 Cr ▼108.7% | ₹69 Cr ▲675.0% | ₹-12 Cr |
| Net Cash Flow | ₹5 Cr ▼94.0% | ₹83 Cr ▲8400.0% | ₹-1 Cr ▼125.0% | ₹4 Cr ▲100.0% | ₹2 Cr |
| Free Cash Flow | ₹-268 Cr ▼61.4% | ₹-166 Cr ▼3420.0% | ₹5 Cr ▲107.7% | ₹-65 Cr ▼564.3% | ₹14 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Debtor Days | 129d ▼9.2% | 142d ▼39.6% | 235d ▲42.4% | 165d ▲5.8% | 156d |
| Inventory Days | 59d ▼32.2% | 87d ▲55.4% | 56d ▼20.0% | 70d ▲6.1% | 66d |
| Days Payable | 71d ▼9.0% | 78d ▼25.7% | 105d ▲40.0% | 75d ▼52.2% | 157d |
| Cash Conv. Cycle | 117d ▼22.5% | 151d ▼18.8% | 186d ▲16.3% | 160d ▲146.2% | 65d |
| Working Capital Days | 114d ▼34.9% | 175d ▲19.9% | 146d ▲3.5% | 141d ▲24.8% | 113d |
| ROCE | 31.0% ▲3.3% | 30.0% ▲11.1% | 27.0% ▼6.9% | 29.0% | — |
Source: Screener.in · Lower days = better efficiency
About Balu Forge Industries Limited
Balu Forge Industries Ltd is engaged in the manufacturing of fully finished and semi-finished forged crankshafts and Forged Components. It has the capability to manufacture components conforming to the New Emission Regulations & the New Energy Vehicles [1]
Capital Goods · Industrial Products
Related Analysis
Frequently Asked Questions
What is Balu Forge Industries Limited share price today?▾
Balu Forge Industries Limited (BALUFORGE) is currently trading at ₹441.3 on NSE, down 1.15% as of the last market session. Prices update daily after market close on MarketNetra.
Is Balu Forge Industries Limited available in F&O (Futures & Options)?▾
Yes, Balu Forge Industries Limited (BALUFORGE) is part of the NSE F&O segment with a lot size of 1 shares. Options are available with monthly expiry contracts. You can track the full option chain and OI analysis on MarketNetra.
What is Balu Forge Industries Limited 52-week high and low?▾
Balu Forge Industries Limited's 52-week high is ₹697 and the 52-week low is ₹341. The current price of ₹441.3 is 36.7% below the 52W high.
What is Balu Forge Industries Limited P/E ratio?▾
Balu Forge Industries Limited's current P/E ratio is 21. This indicates the market is paying ₹21 for every ₹1 of earnings. Compare this to the sector average to assess relative valuation.
How to trade Balu Forge Industries Limited options?▾
Balu Forge Industries Limited options are traded on NSE with monthly expiry contracts (lot size: 1 shares). To trade BALUFORGE options: select your expiry on the option chain page, identify key OI strikes, check the PCR and buildup type on OI analysis, and review FII/DII flows for institutional sentiment before taking a position.