Balu Forge Industries Limited share price

Balu Forge Industries Limited manufactures and sells crankshafts in India and internationally. It offers bombshell, stainless steel flanges, valve components, stub ends, forged hydraulic fittings, railway wheels, axles, wheel sets, swan necks, flange balls, tow bar, sorting, snap, shank, ramshorn lifting hooks, hub, brake flange, disc, caliper, rotor, track, body and piston brakes, front axle beams, steering knuckles, control arm, fork, steering, drive shafts, input and output shafts, main shafts, yokes, track shoe, track link, track roller, carries roller, sprocket, track chain, idler, turbine blade, and empty shells. The company serves the agriculture tractor and harvester; defense; oil a…Read more

Website NSE हिंदी में BSE

Capital GoodsMetal FabricationNifty Microcap 250NSE: BALUFORGEISIN INE011E01029

16 Oct 2026, 3:29 PM IST₹480.70▲ 4.25 (0.89%)

Market Cap₹ 5,835 Cr.
Current Price₹ 480.70
High / Low₹ 667 / 341
Stock P/E20.0
Book Value₹ 154
Dividend Yield0.03 %
ROCE19.5 %
ROE19.60 %
Face Value₹ 10.0

More figures (10)

EPS (TTM)₹ 24.01
Price / Book3.12
OPM28.6 %
Debt / Equity0.10
Sales growth (4Y)49.6 %
Profit growth (4Y)88.1 %
Promoter holding63.2 %
EV / EBITDA18.7
Beta0.65
All-time high₹ 887

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
BALUFORGE	-0.53%	+7.42%	-0.94%	-20.53%	-23.15%	—	—
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

Balu Forge Industries Limited is in the Metal Fabrication industry (Industrials), with a market value of ₹5,835 crore.
It trades at 20.0 times its last 12 months' earnings and 3.1 times book value.
Revenue grew 49.6% a year over the last 4 years, profit 88.1% a year.
Return on equity was 19.6% and return on capital employed 19.5% in the latest year.
Debt was 0.10 times shareholders' equity.
The share price is 27.9% below its 52-week high and down 23.2% over one year.
Promoters and insiders hold about 63.2%; institutions about 1.5%.

Pros

Strong return on equity: 23.3% on average over the last 3 years.
Latest quarter (Jun 2026): sales up 29% and profit up 16% from a year ago.
Trades at 20.0 times earnings, below its 3-year median of 30.9.
Borrowings are moderate at 0.10 times shareholders' equity.

Cons

Promoter holding has fallen by 2.56 points over 9 quarters, to 53.51%.
Institutional (FII + DII) holding has fallen by 4.0 points over 9 quarters.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Balu Forge Industries Limited

Employees: 179
Head office: Mumbai
NSE industry: Capital Goods

IndustrialsCapital GoodsMetal Fabrication

Part ofNifty Microcap 250

S.No.	Company	CMP ₹	P/E	Mar Cap ₹ Cr	Div Yld %	NP Qtr ₹ Cr	Qtr Profit Var %	Sales Qtr ₹ Cr	Qtr Sales Var %	ROCE %	ROE %	P/B	OPM %	Debt / Eq	Prom. Hold. %	Sales ₹ Cr	Sales Var 3Yrs %
1.	Balu Forge Industries	480.70	20.0	5,835	0.03	66	15.89	301	28.95	19.5	19.6	3.12	28.6	0.10	63.15	1,107	49.6
2.	Bharat Forge	1,835.00	124.2	89,671	0.46	-90	-131.63	4,640	18.71	15.6	11.5	9.16	12.1	0.76	47.03	16,224	9.7
3.	PTC Industries	24,680.00	294.8	39,111	0.00	29	466.23	192	97.43	7.9	7.0	24.07	16.5	0.17	63.16	599	40.7
4.	Happy Forgings	1,866.00	53.9	17,615	0.21	91	39.24	449	27.03	18.9	15.2	8.27	26.9	0.15	78.46	1,546	9.8
5.	Ramkrishna Forgings	691.45	118.8	12,806	0.15	47	297.63	1,217	19.84	4.7	2.3	3.80	7.4	0.74	58.15	3,854	10.5
6.	Gravita India	1,479.30	27.5	10,775	0.00	106	11.84	1,475	42.23	18.1	16.8	4.39	9.5	0.30	59.36	4,227	14.9
7.	RHI Magnesita India	370.15	—	7,644	0.68	65	83.19	1,014	5.59	-7.2	-10.1	2.15	6.8	0.13	57.61	3,975	13.9
8.	Aeroflex Industries	525.80	101.9	6,958	0.08	19	162.22	145	72.38	16.5	14.1	15.56	14.2	0.02	69.80	442	17.2
9.	Pitti Engineering	1,019.00	30.4	3,761	0.25	30	28.93	529	15.89	15.6	12.5	3.81	12.8	0.82	58.30	1,913	20.1
10.	Frontier Springs	1,372.80	26.6	1,622	0.05	12	-18.54	78	4.14	43.6	39.9	8.84	25.8	0.06	63.57	317	44.9
	Median: 12 Co.	1,195.90	77.9	7,301	0.07	38	34.08	489	23.43	16.1	12.0	6.33	12.5	0.16	61.26	1,730	14.4

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	161	175	223	256	270	233	300	311	264	301
YOY Sales Growth %					67.30%	33.02%	34.38%	21.63%	-2.26%	28.95%
	127	132	158	188	195	161	217	227	204	216
Material Cost %	66%	66%	64%	66%	65%	62%	66%	64%	64%	64%
Employee Cost %	2%	3%	3%	2%	2%	3%	3%	3%	4%	4%
Other Expenses %	10%	6%	4%	5%	5%	4%	4%	6%	10%	4%
Operating Profit	34	43	65	68	75	72	83	85	60	85
OPM %	21%	25%	29%	26%	28%	31%	28%	27%	23%	28%
Other Income	4	1	3	10	4	2	3	4	23	4
Interest	4	2	3	2	4	2	4	5	5	5
Depreciation	1	1	1	1	1	2	2	3	3	3
Profit before tax	35	42	64	74	74	70	80	81	75	81
	18%	18%	25%	20%	15%	19%	19%	12%	13%	18%
Current tax	8	8	14	16	10	12	13	10	13	12
Deferred tax	-1	-0	1	-0	1	1	2	-0	-3	3
	28	34	48	59	63	57	65	71	66	66
YOY Profit Growth %					121.68%	66.91%	35.09%	20.48%	4.86%	15.89%
EPS in Rs	2.76	3.33	4.55	5.52	5.74	5.04	6.08	6.41	6.35	5.49
Raw filing

₹ Cr	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	113	123	157	161	157	150	167	171	159	175
YOY Sales Growth %					39.94%	21.96%	6.05%	6.60%	1.15%	16.67%
	86	90	109	112	107	101	114	119	120	118
Material Cost %	62%	63%	63%	60%	60%	61%	60%	58%	59%	59%
Employee Cost %	2%	2%	2%	2%	2%	2%	3%	3%	2%	3%
Other Expenses %	12%	8%	4%	8%	6%	4%	5%	9%	14%	6%
Operating Profit	27	33	49	48	51	49	53	52	39	57
OPM %	24%	27%	31%	30%	32%	32%	32%	30%	24%	33%
Other Income	4	1	2	9	4	2	3	4	24	3
Interest	4	2	3	2	4	2	4	5	5	5
Depreciation	0	1	1	1	1	2	2	3	3	3
Profit before tax	27	32	48	55	50	47	50	48	55	52
	23%	24%	33%	28%	23%	28%	29%	20%	18%	28%
Current tax	8	8	14	16	10	12	13	10	13	12
Deferred tax	-1	-0	1	-0	1	1	2	-0	-3	3
	21	24	32	40	38	34	36	39	45	38
YOY Profit Growth %					85.77%	41.51%	11.46%	-3.06%	17.02%	11.01%
EPS in Rs	2.02	2.34	3.02	3.63	3.51	3.01	3.12	3.37	3.85	3.11
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2024	Mar 2025	Mar 2026	TTM
	560	924	1,107	1,175
YOY Sales Growth %		64.97%	19.89%
	441	673	808	863
Material Cost %	67%	65%	64%	64%
Employee Cost %	2%	3%	3%	3%
Other Expenses %	9%	5%	6%	6%
Operating Profit	119	251	300	312
OPM %	21%	27%	27%	27%
Other Income	10	17	33	35
Interest	14	11	16	19
Depreciation	2	3	10	12
Profit before tax	114	254	306	317
	18%	20%	15%	15%
Current tax	22	48	48
Deferred tax	-2	2	-0
	94	204	259	268
YOY Profit Growth %		117.62%	27.00%
EPS in Rs	9.80	19.24	23.90	24.33
Dividend Payout %		1%	1%

Compounded Sales Growth

TTM:: 20%

Compounded Profit Growth

TTM:: 18%

Stock Price CAGR

1 Year:: -23%

Return on Equity

4 Years:: 22%
Last Year:: 20%

₹ Cr	Mar 2024	Mar 2025	Mar 2026	TTM
	388	598	647	672
YOY Sales Growth %		54.21%	8.18%
	296	418	455	471
Material Cost %	63%	61%	60%	59%
Employee Cost %	2%	2%	3%	3%
Other Expenses %	11%	6%	8%	8%
Operating Profit	92	181	193	201
OPM %	24%	30%	30%	30%
Other Income	11	17	33	34
Interest	14	11	16	19
Depreciation	1	3	9	11
Profit before tax	87	184	200	206
	23%	27%	24%	24%
Current tax	22	48	48
Deferred tax	-2	2	-0
	67	134	153	157
YOY Profit Growth %		99.91%	14.14%
EPS in Rs	7.02	12.55	13.38	13.45
Dividend Payout %		1%	1%

Compounded Sales Growth

TTM:: 8%

Compounded Profit Growth

TTM:: 9%

Stock Price CAGR

1 Year:: -23%

Return on Equity

4 Years:: 22%
Last Year:: 20%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	83	103	111	121
Reserves	114	450	942	1,473
	52	49	40	152
Long term borrowings	12	25	16	11
Short term borrowings	40	24	20	116
	121	111	159	104
Trade payables	66	81	118	63
Current liabilities	161	134	178	224
Total Liabilities	371	712	1,252	1,851
	37	182	568	1,020
Gross block	39	186	568	1,032
Accumulated depreciation	2	4		12
Goodwill & intangibles	33	33	33	33
CWIP	21	158	499	506
	313	372	185	324
Inventories	35	89	98	145
Trade receivables	211	218	327	425
Cash & equivalents	5	88	93	86
Current assets	299	493	568	794
Total Assets	371	712	1,252	1,851

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	26	-32	148	32
Profit for the year	39	93	204	259
Working capital changes	-35	-121	-82	-351
Direct taxes paid	0	-17	-35	-14
	-21	-134	-416	-354
Fixed assets purchased	-21	-134	-415	-207
	-6	249	273	315
Proceeds from borrowings	4
Interest paid	-11	-14	-11	-16
Dividends paid			-2	-2
Net Cash Flow	-1	83	5	-7
Free Cash Flow	5	-166	-267	-175

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	—	19.7%	24.9%	25.4%	19.6%
ROCE	—	28.1%	22.0%	24.3%	19.5%
Operating margin	—	16.4%	21.3%	27.4%	28.6%
Net margin	—	12.1%	16.9%	22.5%	24.0%
Debt / equity	—	0.26	0.09	0.04	0.10
Current ratio	—	1.86	3.69	3.19	3.54
Debtor days	—	238	144	132	144
Inventory days	—	56	87	59	75
Days payable	—	105	78	71	32
Cash conversion cycle	—	189	153	120	187
Working capital days	—	156	237	157	192

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 53.51%
FIIs 5.04%
DIIs 0.95%
Government 3.86%
Public 36.64%

%	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	56.07%	54.71%	54.71%	55.25%	54.85%	54.85%	54.87%	54.39%	53.51%
	8.51%	10.43%	6.93%	7.07%	8.20%	8.33%	7.94%	6.02%	5.04%
Foreign portfolio investors (Cat. I)	4.00%	6.18%	6.81%	6.94%	8.04%	8.15%	7.77%	5.82%	4.96%
Foreign portfolio investors (Cat. II)	4.51%	4.25%	0.12%	0.13%	0.16%	0.18%	0.17%	0.21%	0.08%
	1.43%	0.93%	0.97%	1.07%	0.86%	0.84%	0.80%	0.89%	0.95%
Mutual funds				0.10%	0.13%	0.13%	0.14%	0.11%	0.11%
Alternative investment funds	1.43%	0.93%	0.97%	0.97%	0.73%	0.70%	0.66%	0.78%	0.84%
Government			4.23%	4.17%	4.06%	4.06%	4.06%	4.02%	3.86%
	33.99%	33.93%	33.16%	32.43%	32.03%	31.93%	32.34%	34.67%	36.64%
Retail (up to ₹2 lakh)	9.76%	10.27%	10.93%	12.26%	12.06%	11.52%	11.38%	13.92%	15.00%
HNIs (above ₹2 lakh)	10.82%	11.30%	10.78%	9.84%	9.58%	9.52%	8.84%	8.75%	8.89%
NRIs	2.15%	1.85%	1.42%	1.66%	1.64%	1.58%	1.58%	1.69%	2.40%
Bodies corporate	9.68%	8.88%	8.49%	7.23%	7.27%	7.75%	9.51%	7.89%	7.73%
No. of Shareholders	29,419	50,955	66,310	73,283	77,243	72,351	70,445	79,711	83,997

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Mutual funds & institutions holding Balu Forge Industries

No single fund or institution holds more than 1%.

As named in the shareholding pattern for Jun 2026 filed with NSE; mutual funds together hold 0.11% of the company. Shareholders below 1% are not named in the filing.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 18 Sep 2026
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Latest news

In the news

No recent coverage found.

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Balu Forge Industries Limited

What is the share price of Balu Forge Industries Limited today?

Balu Forge Industries Limited (BALUFORGE) last traded at ₹480.70 on NSE (16 Oct 2026, 3:29 PM IST). Prices may be delayed.

What is the market cap of Balu Forge Industries Limited?

About ₹5,835 crore at the latest price.

What is the P/E ratio of Balu Forge Industries Limited?

About 20.0 times its earnings over the last 12 months.

Is Balu Forge Industries Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy Balu Forge Industries Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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Balu Forge Industries Limited share price

Price chart

Quick take

Pros

Cons

AI analysis

About Balu Forge Industries Limited

Peer comparison

Quarterly Results

Profit & Loss

Projection — your assumptions

Related party transactions

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Mutual funds & institutions holding Balu Forge Industries

Documents

Announcements

Annual reports

Credit ratings

Concalls & investor meets

Key dates

Trade with our broking desk

Latest news

In the news

From the company (NSE)

Questions about Balu Forge Industries Limited

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