Balu Forge Industries Ltd
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]
- Market Cap ₹ 3,210 Cr.
- Current Price ₹ 313
- High / Low ₹ 318 / 98.2
- Stock P/E 34.3
- Book Value ₹ 53.9
- Dividend Yield 0.00 %
- ROCE 30.0 %
- ROE 25.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Debtor days have improved from 181 to 142 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last 3 years: -13.8%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods-Non Electrical Equipment Industry: Engineering
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 142 | 286 | 327 | 560 | |
| 130 | 249 | 277 | 441 | |
| Operating Profit | 12 | 37 | 50 | 119 |
| OPM % | 9% | 13% | 15% | 21% |
| 5 | 8 | 13 | 10 | |
| Interest | 7 | 5 | 11 | 14 |
| Depreciation | 1 | 1 | 1 | 2 |
| Profit before tax | 10 | 39 | 51 | 114 |
| Tax % | 22% | 24% | 23% | 18% |
| 8 | 30 | 39 | 94 | |
| EPS in Rs | 1.11 | 3.63 | 4.67 | 9.13 |
| Dividend Payout % | 0% | 3% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 58% |
| TTM: | 71% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 131% |
| TTM: | 141% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 44% |
| 5 Years: | 41% |
| 3 Years: | 11% |
| 1 Year: | 202% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| Last Year: | 25% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Equity Capital | 69 | 82 | 83 | 103 |
| Reserves | 7 | 75 | 114 | 450 |
| 26 | 47 | 52 | 49 | |
| 70 | 79 | 121 | 111 | |
| Total Liabilities | 171 | 284 | 371 | 712 |
| 42 | 42 | 48 | 57 | |
| CWIP | 0 | 7 | 7 | 130 |
| Investments | 0 | 0 | 0 | 0 |
| 129 | 235 | 316 | 525 | |
| Total Assets | 171 | 284 | 371 | 712 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 17 | -58 | 12 | -18 | |
| -3 | -8 | -7 | -148 | |
| -12 | 69 | -6 | 249 | |
| Net Cash Flow | 2 | 4 | -1 | 83 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 156 | 165 | 235 | 142 |
| Inventory Days | 66 | 70 | 56 | 87 |
| Days Payable | 157 | 75 | 105 | 78 |
| Cash Conversion Cycle | 65 | 160 | 186 | 151 |
| Working Capital Days | 149 | 191 | 191 | 191 |
| ROCE % | 29% | 27% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Extract of newspaper publications relating to the Audited Standalone and Consolidated Financial Results for the Quarter and Year ended March 31, 2024.
- Statement Of Deviation Or Variation In The Use Of Proceeds Raised Through Preferential Issue For The Quarter Ended 31St March, 2024, As Per Regulation 30 Of The SEBI (LODR) Regulations, 2015. 14 May
- Appointment Of Mr. Sadik Patel As Chief Operating Officer (COO) Of The Company. 14 May
- Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Financial Year Ending March 31, 2024 14 May
- Earnings Release For The Quarter And Year Ended March 31, 2024. 14 May
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2006
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Company Overview
Company manufacturers and supplies precision engineered products, crankshafts and forging components which find application across a wide range of end user industries like automobiles, defence, railways and new energy space. [1]