Balu Forge Industries Ltd

Balu Forge Industries Ltd

₹ 799 -1.44%
13 Dec - close price
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

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]

  • Market Cap 8,747 Cr.
  • Current Price 799
  • High / Low 890 / 155
  • Stock P/E 64.3
  • Book Value 83.4
  • Dividend Yield 0.02 %
  • 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

  • Stock is trading at 9.58 times its book value
  • Promoter holding has decreased over last quarter: -1.36%

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
74 81 82 53 62 89 124 112 139 147 161 175 223
65 69 72 45 57 72 103 90 109 114 127 132 158
Operating Profit 9 12 10 8 5 18 21 22 30 33 34 43 65
OPM % 12% 15% 12% 15% 8% 20% 17% 19% 22% 22% 21% 25% 29%
1 1 5 3 5 3 1 0 4 2 4 1 2
Interest 1 1 2 2 3 3 4 2 4 4 4 2 3
Depreciation 0 0 0 0 0 0 0 0 0 1 1 1 1
Profit before tax 9 11 13 9 7 17 17 19 30 30 35 42 64
Tax % 23% 26% 20% 17% 34% 33% 12% 13% 22% 16% 18% 18% 25%
7 8 11 7 5 11 15 17 23 25 28 34 48
EPS in Rs 0.95 1.12 1.29 0.89 0.58 1.37 1.83 2.00 2.32 2.48 2.76 3.33 4.40
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
142 286 327 560 706
130 249 277 441 531
Operating Profit 12 37 50 119 176
OPM % 9% 13% 15% 21% 25%
5 8 13 10 10
Interest 7 5 11 14 12
Depreciation 1 1 1 2 3
Profit before tax 10 39 51 114 171
Tax % 22% 24% 23% 18%
8 30 39 94 136
EPS in Rs 1.11 3.63 4.67 9.13 12.97
Dividend Payout % 0% 3% 0% 2%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 58%
TTM: 52%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 131%
TTM: 104%
Stock Price CAGR
10 Years: 63%
5 Years: 92%
3 Years: 94%
1 Year: 228%
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 Sep 2024
Equity Capital 69 82 83 103 109
Reserves 9 76 114 450 804
26 47 52 49 59
68 78 121 111 138
Total Liabilities 171 284 371 712 1,110
42 42 48 57 83
CWIP 0 7 7 130 284
Investments 0 0 0 0 0
129 235 316 525 743
Total Assets 171 284 371 712 1,110

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
17 -58 26 -18
-3 -8 -21 -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% 30%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
64.62% 66.24% 65.41% 65.41% 65.41% 65.41% 65.41% 57.47% 56.07% 56.07% 56.07% 54.71%
11.98% 11.74% 11.59% 11.59% 11.59% 7.67% 5.55% 6.48% 8.77% 9.71% 8.51% 10.43%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.00% 1.95% 1.88% 1.43% 0.93%
23.40% 22.02% 23.01% 23.00% 23.01% 26.92% 29.05% 34.05% 33.21% 32.34% 33.99% 33.93%
No. of Shareholders 2,6473,2093,9045,9866,4787,80612,12913,79818,05423,72329,41950,955

* 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.

Click on the line-items to see the names of individual entities.

Documents

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