Balu Forge Industries Ltd
₹ 446
-0.38%
18 Jun
- 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
- Market Cap ₹ 5,417 Cr.
- Current Price ₹ 446
- High / Low ₹ 722 / 341
- Stock P/E 20.9
- Book Value ₹ 131
- Dividend Yield 0.03 %
- ROCE 22.7 %
- ROE 19.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 102% CAGR over last 5 years
Cons
- Promoter holding has decreased over last quarter: -0.48%
* 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.
Loading peers table ...
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 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 142 | 286 | 327 | 560 | 924 | 1,107 | |
| 130 | 249 | 277 | 441 | 673 | 808 | |
| Operating Profit | 12 | 37 | 50 | 119 | 251 | 300 |
| OPM % | 9% | 13% | 15% | 21% | 27% | 27% |
| 5 | 8 | 13 | 10 | 17 | 33 | |
| Interest | 7 | 5 | 11 | 14 | 11 | 16 |
| Depreciation | 1 | 1 | 1 | 2 | 3 | 10 |
| Profit before tax | 10 | 39 | 51 | 114 | 254 | 306 |
| Tax % | 22% | 24% | 23% | 18% | 20% | 15% |
| 8 | 30 | 39 | 93 | 204 | 259 | |
| EPS in Rs | 1.11 | 3.63 | 4.67 | 9.11 | 18.63 | 21.33 |
| Dividend Payout % | -0% | 3% | -0% | 2% | 1% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 51% |
| 3 Years: | 50% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 102% |
| 3 Years: | 88% |
| TTM: | 27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 14% |
| 3 Years: | 41% |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 22% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 69 | 82 | 83 | 103 | 111 | 121 |
| Reserves | 9 | 76 | 114 | 450 | 942 | 1,473 |
| 26 | 47 | 52 | 49 | 40 | 152 | |
| 68 | 78 | 121 | 111 | 159 | 104 | |
| Total Liabilities | 171 | 284 | 371 | 712 | 1,252 | 1,851 |
| 42 | 42 | 48 | 57 | 183 | 547 | |
| CWIP | -0 | 7 | 7 | 130 | 417 | 277 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 |
| 129 | 235 | 316 | 525 | 652 | 1,027 | |
| Total Assets | 171 | 284 | 371 | 712 | 1,252 | 1,851 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 17 | -58 | 26 | -32 | 148 | 32 | |
| -3 | -8 | -21 | -134 | -417 | -354 | |
| -12 | 69 | -6 | 249 | 274 | 315 | |
| Net Cash Flow | 2 | 4 | -1 | 83 | 5 | -7 |
| Free Cash Flow | 14 | -65 | 5 | -166 | -268 | -175 |
| CFO/OP | 159% | -161% | 52% | -12% | 73% | 15% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 156 | 165 | 235 | 142 | 129 | 140 |
| Inventory Days | 66 | 70 | 56 | 87 | 59 | 75 |
| Days Payable | 157 | 75 | 105 | 78 | 71 | 32 |
| Cash Conversion Cycle | 65 | 160 | 186 | 151 | 117 | 182 |
| Working Capital Days | 113 | 141 | 146 | 175 | 114 | 158 |
| ROCE % | 29% | 27% | 30% | 31% | 23% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Number of Countries Exported To Units ・Standalone data |
|
||||
| Total Machining Capacity MTPA |
|||||
| Number of Global OEMs Served Units ・Standalone data |
|||||
| Total Forging Capacity MTPA |
|||||
| Working Capital Cycle Days |
|||||
| Number of Products Approved (Defence Sector) Units |
|||||
Requires Premium
Requires Premium
Extracted by Screener AI
Documents
Announcements
-
Statement Of Deviation(S) Or Variation(S) Under Regulation 32 Of SEBI (LODR) Regulations, 2015 For The Quarter Ended 31St March, 2026
4 Jun - Balu Forge reported no deviation in preferential issue proceeds use for quarter ended 31 March 2026.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
4 Jun - Monitoring agency report for preferential issue shows no deviation; Rs 471.12 crore utilized, Rs 25.68 crore unutilised.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Jun - Newspaper Publication regarding Audited Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
1 Jun - Balu Forge wins initial order for 30,000 152mm artillery shells; supplies start June 2026, scalable above 100,000.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 May - Audited FY26 results: revenue Rs 11,074 Mn, PAT Rs 2,589 Mn; 5-year ammunition MOU and maiden aerospace order.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Concalls
-
May 2026TranscriptAI SummaryPPT
-
Feb 2026TranscriptAI SummaryPPT
-
Nov 2025TranscriptAI SummaryPPT
-
Aug 2025TranscriptAI SummaryPPT
-
Apr 2025TranscriptAI SummaryPPT
-
Mar 2025TranscriptAI SummaryPPT
-
Dec 2024TranscriptAI SummaryPPT
-
Dec 2024TranscriptAI SummaryPPT
-
Dec 2024TranscriptAI SummaryPPT
-
Dec 2024TranscriptAI SummaryPPT
-
Nov 2024TranscriptAI SummaryPPT
-
Oct 2024TranscriptAI SummaryPPT
-
Oct 2024TranscriptAI SummaryPPT
-
Aug 2024TranscriptAI SummaryPPT
-
Jul 2024TranscriptAI SummaryPPT
-
May 2023TranscriptAI SummaryPPT
-
Feb 2023TranscriptAI SummaryPPT
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