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 ₹ 6,940 Cr.
- Current Price ₹ 634
- High / Low ₹ 890 / 223
- Stock P/E 34.0
- Book Value ₹ 96.2
- Dividend Yield 0.02 %
- ROCE 31.3 %
- ROE 25.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Debtor days have improved from 169 to 129 days.
- Promoter holding has increased by 1.07% over last quarter.
- Company's working capital requirements have reduced from 168 days to 124 days
Cons
- Promoter holding has decreased over last 3 years: -10.5%
* 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: Castings, Forgings & Fastners Industry: Castings & Forgings
Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market
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 | Mar 2025 | |
|---|---|---|---|---|---|
| 142 | 286 | 327 | 560 | 924 | |
| 130 | 249 | 277 | 441 | 673 | |
| Operating Profit | 12 | 37 | 50 | 119 | 251 |
| OPM % | 9% | 13% | 15% | 21% | 27% |
| 5 | 8 | 13 | 10 | 17 | |
| Interest | 7 | 5 | 11 | 14 | 11 |
| Depreciation | 1 | 1 | 1 | 2 | 3 |
| Profit before tax | 10 | 39 | 51 | 114 | 254 |
| Tax % | 22% | 24% | 23% | 18% | 20% |
| 8 | 30 | 39 | 94 | 204 | |
| EPS in Rs | 1.11 | 3.63 | 4.67 | 9.13 | 18.63 |
| Dividend Payout % | 0% | 3% | 0% | 2% | 1% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 48% |
| TTM: | 65% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 89% |
| TTM: | 118% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 79% |
| 3 Years: | 86% |
| 1 Year: | 115% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 25% |
| Last Year: | 25% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 69 | 82 | 83 | 103 | 111 |
| Reserves | 9 | 76 | 114 | 450 | 942 |
| 26 | 47 | 52 | 49 | 40 | |
| 68 | 78 | 121 | 111 | 159 | |
| Total Liabilities | 171 | 284 | 371 | 712 | 1,252 |
| 42 | 42 | 48 | 57 | 183 | |
| CWIP | 0 | 7 | 7 | 130 | 417 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 129 | 235 | 316 | 525 | 652 | |
| Total Assets | 171 | 284 | 371 | 712 | 1,252 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 17 | -58 | 26 | -18 | 148 | |
| -3 | -8 | -21 | -148 | -417 | |
| -12 | 69 | -6 | 249 | 274 | |
| Net Cash Flow | 2 | 4 | -1 | 83 | 5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 156 | 165 | 235 | 142 | 129 |
| Inventory Days | 66 | 70 | 56 | 87 | 59 |
| Days Payable | 157 | 75 | 105 | 78 | 71 |
| Cash Conversion Cycle | 65 | 160 | 186 | 151 | 117 |
| Working Capital Days | 149 | 191 | 191 | 191 | 124 |
| ROCE % | 29% | 27% | 30% | 31% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Of Schedule of Investor/Analyst Meet under Regulation 30 of SEBI (LODR) Regulations, 2015 to be held on Friday, May 23, 2025.
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Corporate Presentation
2d - Balu Forge submits updated corporate presentation detailing capabilities, history, and defence expansion plans.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 May - Extract of Newspaper Publications relating to the Financial Results for the quarter and year ended March 31, 2025.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 May - Quarterly report confirms no deviation in utilization of Rs. 496.8 Cr preferential issue proceeds.
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Statement Of Deviation(S) Or Variation(S) Under Regulation 32 Of SEBI (LODR) Regulations, 2015 For The Quarter Ended 31St March, 2025.
14 May - No deviation in use of Rs 162 cr and Rs 18.25 cr preferential issue proceeds as of Mar 31, 2025.
Annual reports
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Financial Year 2024
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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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Concalls
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Apr 2025TranscriptNotesPPT
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Mar 2025TranscriptNotesPPT
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Dec 2024TranscriptNotesPPT
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Dec 2024TranscriptNotesPPT
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Dec 2024TranscriptNotesPPT
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Dec 2024TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT
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Oct 2024TranscriptNotesPPT
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Oct 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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Jul 2024TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
Product Offerings
The company manufactures fully finished and semi-finished forged components like crankshafts, railway wheels, transmission clutches, hydraulic motors, hooks, brake parts, etc. [1] [2]