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 ₹ 2,948 Cr.
- Current Price ₹ 287
- High / Low ₹ 301 / 92.6
- Stock P/E 36.6
- Book Value ₹ 42.0
- Dividend Yield 0.00 %
- ROCE 26.9 %
- ROE 21.9 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Company has high debtors of 235 days.
- 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 | TTM | |
|---|---|---|---|---|
| 142 | 286 | 327 | 522 | |
| 130 | 249 | 277 | 417 | |
| Operating Profit | 12 | 37 | 50 | 105 |
| OPM % | 9% | 13% | 15% | 20% |
| 5 | 8 | 13 | 7 | |
| Interest | 7 | 5 | 11 | 14 |
| Depreciation | 1 | 1 | 1 | 2 |
| Profit before tax | 10 | 39 | 51 | 96 |
| Tax % | 22% | 24% | 23% | |
| 8 | 30 | 39 | 81 | |
| EPS in Rs | 1.11 | 3.63 | 4.67 | 8.63 |
| Dividend Payout % | 0% | 3% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 82% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 134% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 50% |
| 5 Years: | 37% |
| 3 Years: | 9% |
| 1 Year: | 206% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 22% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|
| Equity Capital | 69 | 82 | 83 | 100 |
| Reserves | 7 | 75 | 114 | 330 |
| 26 | 47 | 52 | 71 | |
| 70 | 79 | 121 | 155 | |
| Total Liabilities | 171 | 284 | 371 | 656 |
| 42 | 42 | 48 | 48 | |
| CWIP | 0 | 7 | 7 | 7 |
| Investments | 0 | 0 | 0 | 0 |
| 129 | 235 | 316 | 601 | |
| Total Assets | 171 | 284 | 371 | 656 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 17 | -58 | 12 | |
| -3 | -8 | -7 | |
| -12 | 69 | -6 | |
| Net Cash Flow | 2 | 4 | -1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Debtor Days | 156 | 165 | 235 |
| Inventory Days | 66 | 70 | 56 |
| Days Payable | 157 | 75 | 105 |
| Cash Conversion Cycle | 65 | 160 | 186 |
| Working Capital Days | 149 | 191 | 191 |
| ROCE % | 29% | 27% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Press Release of the Company for listing of its Equity Shares on the National Stock Exchnage of India Limited.
- Announcement Under Regulation 30 SEBI (LODR), 2015 - Intimation Of Listing Of Equity Shares Of Balu Forge Industries Limited At The National Stock Exchange Of India Limited. 1d
- Compliance Certificate Pursuant To Regulation 40(9) And (10) Of The SEBI (LODR) Regulations, 2015 For The Financial Year Ended On March 31, 2024. 19 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
19 Apr - Depositories and Participants) Regulations, 2018, we are enclosing herewith Confirmation Certificate dated 5th April, 2024 received from our Registrar & Share Transfer Agent (RTA) i.e, …
- Compliances-Compliance Certificate For The Year Ended 31St March, 2024 Pursuant To Regulation 7(3) Of The SEBI (LODR) Regulations, 2015. 5 Apr
Annual reports
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Financial Year 2023
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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]