BALUFORGE vs THEJO: Stock Comparison
BALU FORGE INDUSTRIES is the larger company by market capitalisation. BALU FORGE INDUSTRIES shows a lower P/E, a higher dividend yield and a higher net margin, while THEJO ENGINEERING shows a higher ROE, faster revenue growth and lower leverage. 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 7; THEJO leads 6 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 | THEJO |
|---|---|---|
| Sector | Capital Goods | Capital Goods |
| Industry | Castings & Forgings | Industrial Products |
Price
| Metric | BALUFORGE | THEJO |
|---|---|---|
| Live Price | ₹518.65 | ₹2,141.8 |
| Day Change | -0.67% | -2.63% |
| Volume | 4.79 L | 14,218 |
| 52-Week High | ₹678 | ₹2,286.6 |
| 52-Week Low | ₹341.05 | ₹1,443.6 |
| Distance from 52W High | -23.5% | -6.33% |
Valuation
| Metric | BALUFORGE | THEJO |
|---|---|---|
| Market Cap | ₹6,214 Cr | ₹2,330 Cr |
| P/E Ratio | 22.4x | 41.6x |
| P/B Ratio | 3.74x | 6.57x |
| EPS | ₹24.33 | ₹14.02 |
| Book Value | ₹154.03 | ₹349.34 |
| Dividend Yield | 0.03% | 0% |
Growth
| Metric | BALUFORGE | THEJO |
|---|---|---|
| Revenue Growth (TTM YoY) | -2.3% | 18.3% |
| EPS Growth (TTM YoY) | 12.4% | 4% |
| Qtr Sales Growth | -41.8% | -18.71% |
| Qtr Profit Growth | -42.82% | -0.18% |
Profitability & Leverage
| Metric | BALUFORGE | THEJO |
|---|---|---|
| ROE | 11.19% | 17.42% |
| ROCE | 12.63% | 19.57% |
| Net Margin | 23.38% | 7.79% |
| Operating Margin | 33.48% | 15.16% |
| Debt to Equity | 0.09x | 0x |
Shareholding
As of Jun 2026 • change vs previous quarter| Metric | BALUFORGE | THEJO |
|---|---|---|
| Promoter Holding | 53.51%▼ 0.88 pp | 53.61% |
| FII Holding | 5.04%▼ 0.98 pp | 0.85%▲ 0.01 pp |
| DII Holding | 0.95%▲ 0.06 pp | 3.38%▲ 0.21 pp |
| Public Holding | 36.64%▲ 1.97 pp | 42.17%▼ 0.2 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 THEJO ENGINEERING.
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.

