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Balu Forge Industries Limited

Balu Forge Industries Limited

NSE: BALUFORGE
Metal FabricationIndustrialsSMALL CAPMCap ₹5.84k Cr
₹480.70₹4.25 (+0.89%)

Market Closed • NSE

Market cap₹5.84k Cr
Enterprise value₹5.80k Cr
P/E TTM20.02
P/B3.12
EPS TTM₹24.01
ROCE22.70%
D/E9.52
Dividend yield0.00%
Face value₹10.00
52W high₹667.00
52W low₹341.05
Price chart(1Y)
1Y Return:+7.11% (+₹31.90)
H: ₹650L: ₹422.6
1W+0.99%
1M-4.17%
3M+8.93%
6M+2.06%
1Y-22.76%
Today at a glance

Day range

₹475.60₹487.50

52 week range

₹341.05₹667.00
Volume274.8K0.53x 20D avg
Free float50.00%-47.10% volume

Balu Forge Industries Limited closed at INR480.70 (+0.89%) on volume 0.53x its 20-day average, trading 27.93% below its 52-week high.

Technical analysis
RSI (14)42.0Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹19.79High
SMA 20₹497.65BEARISH
SMA 50₹525.92BEARISH
SMA 100₹489.30BEARISH
SMA 200₹480.89BEARISH
CPR bottom₹481.80
Pivot₹480.02
CPR top₹478.23
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +0% QoQ

2026-09-18

DIVIDEND Announced

Dividend - Re 0.15 Per Share

2025-09-19

DIVIDEND Announced

Dividend - Re 0.15 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹151.9 Cr₹5.84k Cr2.60%≤ 33%PASS
Non-halal income ratio–₹1.11k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹1.77k Cr₹1.85k Cr95.37%≥ 20%PASS
Receivables ratio–₹1.85k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E20.0228.10
Forward P/E——
P/B3.123.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield5.003.60
Growth & profitability
RevenuePAT
FY24PAT margin 16.70%
FY25PAT margin 22.10%
FY26PAT margin 23.40%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+6.20%
Revenue CAGR 5Y+14.90%
PAT CAGR 3Y+8.30%
PAT CAGR 5Y+22.60%
Operating margin27.09%
Net margin22.81%
Financial health & cash flow
Net debt₹66.2 CrModerate
Interest coverage17.60xEBIT / interest
CFO / PAT0.29x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹31.7 Cr
Capital expenditure–
Free cash flow₹-32225.6 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall78/100
Valuation60/100
Profitability80/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 22.7%

Low Debt Profile: Debt-to-Equity is comfortable at 0.10x

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Metal Fabrication.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

70%47%23%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
6.92%Institutional holding
34.68%Public holding
5Periods available
0.00%Promoter pledged
79.71KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
18 Sept 2026Dividend₹0.15 / share—18 Sept 2026
19 Sept 2025Dividend₹0.15 / share—19 Sept 2025
20 Sept 2024Dividend₹0.15 / share—20 Sept 2024
—Annual General MeetingAnnual General Meeting—20 Sept 2024
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)37.45%+5.68% latest vs average
Highest delivery48.40%on 18 Sept
Average volume (20D)519.1KTrading-session average
Conviction trendStrengthening+5.68% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About Balu Forge Industries Limited
Balu Forge Industries Limited

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]

IndiaIndustrials

Questions investors ask
Is Balu Forge Industries Limited Shariah compliant?

Balu Forge Industries Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (2.6%) complies with AAOIFI threshold (≤ 33%).

What is Balu Forge Industries Limited's current valuation relative to peers?

Balu Forge Industries Limited trades at a P/E of 20.0x compared to the sector median of 28.1x, and a Price-to-Book of 3.1x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.10x. Interest coverage is 17.6x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 14.9% while net profit growth averaged 22.6%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.