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Industrials · Castings & Forgings

Balu Forge Industries Ltd (BALUFORGE)

₹433.60

Mkt cap
₹5,472 Cr
P/E ratio
21.10
P/B
3.31
Div yield
0.03%
ROE
19.60%
ROCE
22.70%
EPS (TTM)
₹20.55
Book value
₹131
52W range
356–685
Sector
Industrials

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]

NSE BALUFORGEBSE 531112www.baluindustries.com
Health check
Constructive
ValuationCheap
ProfitabilityStrong
GrowthHigh
TechnicalsBearish
52-week range
−36.66% from high
₹434
₹356+21.70% from low₹685
Current
₹433.60
Prev close
₹433.50
Day
+0.02%
Price performance
1D
+0.02%
1W
−2.88%
1M
−4.48%
3M
−5.76%
6M
+4.36%
1Y
−36.19%
YTD
−27.30%

Financials

F
Revenue, profit & margin
P/E ratio
21.1×
BALUFORGE is 24% below the sector median of 27.7×
BALUFORGE21.1×
Sector median27.7×
 Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Trend
Sales124112139147161175223256270233300311264
Expenses10390109114127132158188195161217227204
Operating Profit21223033344365687572838560
OPM %17%19%22%22%21%25%29%26%28%31%28%27%23%
Other Income104241210423423
Interest4244423242455
Depreciation0001111112233
Profit before tax17193030354264747470808175
Tax %12%13%22%16%18%18%25%20%15%19%19%12%13%
Net Profit15172325283448596357657166
EPS in Rs1.832.002.322.462.763.334.395.395.735.005.716.185.42
Raw PDF

Earnings

EResults dates & reactions
No upcoming results date on calendar.

Fresh quarters land in the Financials table above, tagged NSE until screener catches up.

No reaction history yet.
No quarterly filings ingested yet.

Corporate actions

CLast 6 months

No recent corporate actions

Dividends, splits, and bonuses in the last six months show up here.

Shareholding

Sas of Jun 2026
53.51%Promoter
Promoters53.51%0.88
FIIs5.04%0.99
DIIs0.95%0.06
Public36.64%1.96
Government3.86%0.16
Ownership trend

Peers

P7 companies
Valuation vs quality
P/E × ROCE · bubble = market cap
NameCMPP/EMkt CapDiv YldNP QtrQtr Profit VarSales QtrQtr Sales VarROCE
AIA Engineering₹4,828.5035.4045,0600.33%393+37.88%1,266+9.44%21.09%
PTC Industries₹17,591.00259.6826,3730.00%60+140.02%225+84.93%8.43%
Happy Forgings₹1,617.4051.0515,2650.25%84+23.55%424+20.42%18.03%
Balu Forge₹450.8021.145,4720.03%66+4.87%264−2.26%22.72%
Steelcast₹306.8535.953,1050.56%23−13.41%112−6.38%32.30%
Amic Forging₹1,767.9072.222,0420.00%16+23.69%75+30.44%23.46%
Nelcast₹132.0223.701,1490.53%15+12.78%368+11.65%11.43%
Median: 21 Co.₹439.4027.655680.06%4+12.78%54+11.65%15.52%

Filings

D
Annual reports15
Financial Year 2025bseFinancial Year 2024bseFinancial Year 2023bseFinancial Year 2022bseFinancial Year 2021bseFinancial Year 2020bseFinancial Year 2019bseFinancial Year 2018bseFinancial Year 2017bseFinancial Year 2016bseFinancial Year 2015bseFinancial Year 2014bseFinancial Year 2013bseFinancial Year 2012bseFinancial Year 2011bse
Concall transcripts18
PPTJun 2026PPTMay 2026PPTFeb 2026PPTNov 2025PPTAug 2025PPTApr 2025PPTMar 2025PPTDec 2024PPTDec 2024PPTDec 2024PPTDec 2024PPTNov 2024PPTOct 2024PPTOct 2024PPTAug 2024PPTJul 2024PPTMay 2023PPTFeb 2023
Credit ratings6
Rating update 27 FebcrisilRating update 9 FebicraRating update 3 FebicraRating update 16 JancrisilRating update 12 JancrisilRating update 27 Nov 2025crisil
Announcements5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Jul - Pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, we are enclosing herewith Confirmation Certificate for the Quarter ended June 30, 2026.Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 29 Jun - Plant visit at Belgaum and Hattargi with analysts/investors on July 2, 2026.Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 29 JunShareholder Meeting / Postal Ballot-Scrutinizer"s Report 29 JunClosure of Trading Window 25 Jun