BALUFORGE vs EMMVEE: Stock Comparison
EMMVEE PHOTOVOLTAIC PWR L is the larger company by market capitalisation. BALU FORGE INDUSTRIES shows a higher net margin, while EMMVEE PHOTOVOLTAIC PWR L shows a lower P/E, a higher ROE and a higher dividend yield. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.
Metric snapshot
BALUFORGE leads 3; EMMVEE leads 9 of 13
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✓ marks the usual favourable reading; it is not a recommendation.
Key Differences
Each difference is a single, relative reading — StockeZee does not name an overall winner.
Profile
| Metric | BALUFORGE | EMMVEE |
|---|---|---|
| Sector | Capital Goods | Capital Goods |
| Industry | Castings & Forgings | Other Electrical Equipment |
Price
| Metric | BALUFORGE | EMMVEE |
|---|---|---|
| Live Price | ₹452.85 | ₹243.7 |
| Day Change | 1.3% | -0.02% |
| Volume | 7.49 L | 11.7 L |
| 52-Week High | ₹667 | ₹371.55 |
| 52-Week Low | ₹341.05 | ₹171.51 |
| Distance from 52W High | -32.11% | -34.41% |
Valuation
| Metric | BALUFORGE | EMMVEE |
|---|---|---|
| Market Cap | ₹5,535 Cr | ₹16,886 Cr |
| P/E Ratio | 19.67x | 11.9x |
| P/B Ratio | 3.29x | 3.85x |
| EPS | ₹5.52 | ₹5.52 |
| Book Value | ₹133.23 | ₹53.37 |
| Dividend Yield | 0.03% | 0.41% |
Growth
| Metric | BALUFORGE | EMMVEE |
|---|---|---|
| Revenue Growth (TTM YoY) | -2.3% | 62.3% |
| EPS Growth (TTM YoY) | 12.4% | 62.5% |
| Qtr Sales Growth | 0% | 1.34% |
| Qtr Profit Growth | 0% | 0.46% |
Profitability & Leverage
| Metric | BALUFORGE | EMMVEE |
|---|---|---|
| ROE | 11.19% | 42.48% |
| ROCE | 11.74% | 44.41% |
| Net Margin | 23.38% | 21.44% |
| Operating Margin | 33.49% | 28.58% |
| Debt to Equity | 0.09x | 0.05x |
Shareholding
As of Sep 2026 • change vs previous quarter| Metric | BALUFORGE | EMMVEE |
|---|---|---|
| Promoter Holding | 53.99%▲ 0.48 pp | 80.03% |
| FII Holding | 5.13%▲ 0.09 pp | 2.19%▼ 0.73 pp |
| DII Holding | 0.92%▼ 0.03 pp | 9.81%▲ 0.01 pp |
| Public Holding | 36.15%▼ 0.49 pp | 7.97%▲ 0.72 pp |
How to Read This Comparison
Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.
Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: BALU FORGE INDUSTRIES and EMMVEE PHOTOVOLTAIC PWR L.
Related Comparisons
Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.

