Balu Forge Industries Ltd

Balu Forge Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Balu Forge Industries Ltd

₹ 446 -0.38%
18 Jun - close price
baluindustries.com BSE: 531112 NSE: BALUFORGE
About

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]

Key Points

Product Portfolio:[1]
a) Auto Components
- Crankshaft **
- Under Carriage Components **
- Chassis components: Front axle beams, Steering knuckles, Control arms, Forks, Steering components
- Transmission & Clutch Systems: Drive shafts, Input shafts, Output shafts, Main shafts, Yokes
- Brake Components:Hubs, Brake flanges, Brake discs, Calipers
- Towing Accessories: Swan necks, Flange balls, Tow bars

Website BSE NSE
  • Market Cap ₹ 5,417 Cr.
  • Current Price ₹ 446
  • High / Low ₹ 722 / 341
  • Stock P/E 35.4
  • Book Value ₹ 113
  • Dividend Yield 0.03 %
  • ROCE 17.3 %
  • ROE 13.2 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 82.2% CAGR over last 5 years
  • Company's median sales growth is 49.2% of last 10 years

Cons

  • Promoter holding has decreased over last quarter: -0.48%
  • Company has high debtors of 191 days.

* 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

Industrials Capital Goods Industrial Products Castings & Forgings

Part of BSE Industrials Nifty Microcap 250 Nifty Total Market BSE 1000 Nifty Smallcap 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
84 70 102 104 113 123 157 161 158 150 167 171 159
66 54 78 78 86 90 109 112 107 101 114 119 120
Operating Profit 17 15 24 26 27 33 49 48 51 49 53 52 39
OPM % 21% 22% 24% 25% 24% 27% 31% 30% 32% 32% 32% 30% 24%
0 0 4 2 4 1 2 9 4 2 3 4 24
Interest 4 2 4 4 4 2 3 2 4 2 4 5 5
Depreciation 0 0 0 0 0 1 1 1 1 2 2 3 3
Profit before tax 14 13 24 23 27 32 48 55 50 47 50 48 55
Tax % 15% 19% 28% 20% 23% 24% 33% 28% 23% 28% 29% 20% 18%
12 10 17 19 21 24 32 40 38 34 36 39 45
EPS in Rs 1.39 1.24 1.74 1.82 2.02 2.35 2.92 3.63 3.52 2.99 3.12 3.35 3.71
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0 0 0 0 0 0 142 285 269 388 598 647
0 0 0 0 0 0 130 247 227 296 418 455
Operating Profit -0 -0 -0 0 0 0 12 38 43 92 181 193
OPM % -180% -33% 45% 39% 30% 9% 13% 16% 24% 30% 30%
0 0 0 0 -0 0 5 8 13 11 17 33
Interest 0 0 0 0 0 0 7 5 10 14 11 16
Depreciation 0 0 0 0 0 0 1 1 1 1 3 9
Profit before tax 0 -0 0 0 0 0 10 40 44 87 184 200
Tax % 0% 0% 0% 22% -280% 43% 22% 23% 27% 23% 27% 24%
0 -0 0 0 0 0 8 30 32 67 134 153
EPS in Rs 0.29 -0.57 0.86 2.00 5.43 1.14 1.11 3.70 3.84 6.55 12.26 12.62
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 3% 0% 2% 1% 0%
Compounded Sales Growth
10 Years: 158%
5 Years: 35%
3 Years: 34%
TTM: 8%
Compounded Profit Growth
10 Years: 145%
5 Years: 82%
3 Years: 69%
TTM: 14%
Stock Price CAGR
10 Years: 26%
5 Years: 14%
3 Years: 41%
1 Year: -28%
Return on Equity
10 Years: 16%
5 Years: 16%
3 Years: 16%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.35 0.35 0.35 0.35 0.35 0.35 69 82 83 103 111 121
Reserves -0 -0 -0 -0 -0 0 9 77 108 418 838 1,248
0 0 0 0 0 0 26 47 52 49 40 152
0 0 0 0 0 0 68 78 108 106 152 91
Total Liabilities 0 0 0 0 0 0 171 285 351 675 1,141 1,613
0 0 0 0 0 0 42 42 43 52 178 542
CWIP 0 0 0 0 0 0 0 7 7 130 417 274
Investments 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 129 236 301 493 545 797
Total Assets 0 0 0 0 0 0 171 285 351 675 1,141 1,613

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-0 0 -0 -0 0 0 17 -57 20 8 148 -16
0 0 0 0 0 0 -3 -8 -16 -174 -416 -333
0 0 0 0 -0 -0 -12 69 -6 249 274 341
Net Cash Flow -0 0 -0 -0 0 -0 2 4 -1 83 5 -8
Free Cash Flow -0 0 -0 -0 0 0 14 -65 5 -166 -268 -219
CFO/OP 12% 0% 25% 0% 314% 83% 159% -158% 47% 27% 101% -1%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 0 122 274 0 73 156 167 266 179 163 191
Inventory Days 0 66 68 67 120 73 106
Days Payable 157 75 114 118 112 49
Cash Conversion Cycle 0 122 274 0 73 65 160 219 182 124 248
Working Capital Days -73 122 237 -20 -18 113 142 176 201 135 180
ROCE % 33% -20% 47% 69% 30% 22% 31% 29% 24% 25% 25% 17%

Insights

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Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Countries Exported To
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Total Machining Capacity
MTPA
Number of Global OEMs Served
Units
Total Forging Capacity
MTPA
Working Capital Cycle
Days
Number of Products Approved (Defence Sector)
Units

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
65.41% 57.47% 56.07% 56.07% 56.07% 54.71% 54.71% 55.25% 54.85% 54.85% 54.87% 54.39%
5.55% 6.48% 8.77% 9.71% 8.51% 10.43% 6.93% 7.07% 8.20% 8.33% 7.94% 6.03%
0.00% 2.00% 1.95% 1.88% 1.43% 0.93% 0.97% 1.07% 0.86% 0.83% 0.80% 0.89%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.23% 4.17% 4.06% 4.06% 4.06% 4.02%
29.05% 34.05% 33.21% 32.34% 33.99% 33.93% 33.16% 32.43% 32.03% 31.93% 32.34% 34.68%
No. of Shareholders 12,12913,79818,05423,72329,41950,95566,31073,28377,24372,35170,44579,711

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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