BALUFORGE vs TONBO: Stock Comparison
TONBO IMAGING INDIA is the larger company by market capitalisation. BALU FORGE INDUSTRIES shows a higher dividend yield and a higher net margin, while TONBO IMAGING INDIA shows faster revenue growth. 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; TONBO leads 1 of 4
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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 | TONBO |
|---|---|---|
| Sector | Capital Goods | — |
| Industry | Castings & Forgings | — |
Price
| Metric | BALUFORGE | TONBO |
|---|---|---|
| Live Price | ₹440.8 | ₹1,172 |
| Day Change | -2.66% | -3.07% |
| Volume | 1.2 L | 3.13 L |
| 52-Week High | ₹667 | ₹1,344 |
| 52-Week Low | ₹341.05 | ₹1,013.7 |
| Distance from 52W High | -33.91% | -12.8% |
Valuation
| Metric | BALUFORGE | TONBO |
|---|---|---|
| Market Cap | ₹5,384 Cr | ₹6,675 Cr |
| P/E Ratio | 19.67x | — |
| P/B Ratio | 3.29x | — |
| EPS | ₹24.01 | — |
| Book Value | ₹154.03 | — |
| Dividend Yield | 0.03% | 0% |
Growth
| Metric | BALUFORGE | TONBO |
|---|---|---|
| Revenue Growth (TTM YoY) | -2.3% | 0% |
| EPS Growth (TTM YoY) | 12.4% | 0% |
| Qtr Sales Growth | 0% | — |
| Qtr Profit Growth | 0% | — |
Profitability & Leverage
| Metric | BALUFORGE | TONBO |
|---|---|---|
| ROE | 11.19% | — |
| ROCE | 11.74% | — |
| Net Margin | 23.38% | 0% |
| Operating Margin | 33.49% | — |
| Debt to Equity | 0.09x | — |
Shareholding
As of Sep 2026 • change vs previous quarter| Metric | BALUFORGE | TONBO |
|---|---|---|
| Promoter Holding | 53.99%▲ 0.48 pp | — |
| FII Holding | 5.13%▲ 0.09 pp | — |
| DII Holding | 0.92%▼ 0.03 pp | — |
| Public Holding | 36.15%▼ 0.49 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 TONBO IMAGING INDIA.
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.

