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Balu Forge Industries
Mid Cap•150 Employees•IPO 1994
Current Price
₹453.40
-13.45 (-2.88%)Updated
Valuation vs Sector
P/E Ratio
20.97vs 21.02
P/B Ratio
4.20vs 5.49
Div Yield
0.00%vs 3.58%
Today's Range
452
₹453.40
466.25
52 Week Range
52W Low₹341.05
52W High₹784.00
₹453.40
Downside32.94%
Upside72.92%
Price Chart
Compare with Peers
Historical Ratios
Track top 12 most important financial ratios
P/E Ratio: Price to Earnings - Most used valuation metric
Loading chart...
Analyzing Investment Quality
Processing 9 key metrics...
Key Metrics
Hover for details
Valuation
Market Cap
₹5,662.55 Cr
Market Cap
Total market value of companyP/E Ratio
23.03
P/E Ratio
Price to Earnings. Lower is generally better (<25 is good)P/B Ratio
5.87
P/B Ratio
Price to Book Value. <3 may indicate undervaluationEPS
₹21.53
EPS
Earnings Per Share. Higher and growing is positiveProfitability
ROE
11.10%
ROE
Return on Equity. >15% is good, >20% is excellentROCE
31.30%
ROCE
Return on Capital Employed. >15% is goodNet Margin
23.04%
Net Margin
Net profit as % of revenue. >10% is goodOperating Margin
-%
Operating Margin
Operating profit margin. >15% is goodGrowth
EPS Growth (5Y)
408.62%
EPS Growth (5Y)
5-year EPS growth. >15% is strongRevenue Growth (5Y)
435.37%
Revenue Growth (5Y)
5-year revenue growth. >10% is goodQtr Sales Growth
33.00%
Qtr Sales Growth
Quarter-over-quarter sales growthQtr Profit Growth
66.90%
Qtr Profit Growth
Quarter-over-quarter profit growthFinancial Health
Debt/Equity
0.04
Debt/Equity
Financial leverage. <1 is good, <0.5 is excellentBook Value
₹95.08
Book Value
Net asset value per shareDividend Yield
-%
Dividend Yield
Annual dividend as % of price. >2% is goodPromoter Holding
54.80%
Promoter Holding
Promoter stake. >50% shows confidenceGood
Average
Needs Attention
SWOT Analysis
Strengths
5 points- •High profitability: ROE 25.40%, ROCE 31.30% demonstrate excellent capital efficiency.
- •Robust growth: Quarterly profit surged 66.90%, sales grew 33.00%.
Weaknesses
5 points- •Elevated valuation: High P/E ratio 30.56 suggests potential overvaluation versus peers.
- •Significant stock volatility: Beta 2.35 and wide 52-week range indicate high risk.
Opportunities
5 points- •Capital Goods sector growth: Infrastructure development and industrial expansion can drive demand.
- •Strategic acquisitions/expansion: Low debt-to-equity provides flexibility for growth initiatives.
Threats
5 points- •Raw material price volatility: Fluctuations in metal prices could significantly impact margins.
- •Intense competition: Domestic and international players pressure pricing and market share.
Segment-wise Financial Analysis
Fetching Financials...
Fetching Balance Sheet...
Fetching Cash Flow...
Shareholding Pattern
Loading shareholding data...
Company Insider Trading Activity
Recent Insider Transactions
| Insider Name | Transaction Date | Filing Date | Total Shares | Change | Price | Action |
|---|---|---|---|---|---|---|
TRIMAAN JASPALSINGH CHANDOCK | 19 Mar 2025 | 20 Mar 2025 | 25.76 L | 13.25 L | ₹183.6 | BUY |
JAIKARAN JASPALSINGH CHANDOCK | 03 Apr 2025 | 04 Apr 2025 | 25.10 L | 13.25 L | ₹183.6 | BUY |
Corporate Action
Company Announcements
Technical Analysis & Indicators
Standard pivot points - most widely used
Pivot Points (CLASSIC)
| Level | Price | Distance | % Change |
|---|---|---|---|
| R4 | ₹490.93 | +₹37.53 | +8.28% |
| R3 | ₹476.68 | +₹23.28 | +5.14% |
| R2 | ₹471.47 | +₹18.07 | +3.98% |
| R1 | ₹462.43 | +₹9.03 | +1.99% |
| PIVOT | ₹457.22 | 3.82 | 0.84% |
| CURRENT | ₹453.40 | - | - |
| S1 | ₹419.68 | -₹33.72 | -7.44% |
| S2 | ₹433.93 | -₹19.47 | -4.29% |
| S3 | ₹442.97 | -₹10.43 | -2.30% |
| S4 | ₹448.18 | -₹5.22 | -1.15% |
CPR Levels
Support
Resistance
S4
N/A
S3
N/A
S2
N/A
S1
N/A
| CPR |
BC: N/AP: N/ATC: N/A
R1
N/A
R2
N/A
R3
N/A
R4
N/A
LTP: N/A
PDH: N/A
PDL: N/A
● Market Sentiment
is trading CPR, indicating
● CPR Width
CPR is
● Opening Range
Day's range: ~
● Price Position
Trading Inside opening range
Delivery Volume Analysis & Trading Activity
Latest Volume-57.7% vs avg
3.86L
(13 Mar 2026)Delivery %+2.2% vs avg
41.7%
(13 Mar 2026)Avg Volume (20D)20-day average
9.13L
(13 Feb - 13 Mar)Avg Delivery %Trend ↓
39.5%
(13 Feb - 13 Mar)Delivery % indicates the percentage of traded volume that resulted in actual delivery. Higher delivery % (>50%) suggests genuine buying interest and stronger hands.
Peer Comparison & Industry Benchmarking
Quick Compare
Largest by Market Cap
Cummins India Ltd
1.27L ₹ Cr
Best Profit Growth
Tata Motors Ltd
67.60 %
Highest Dividend Yield
Jamna Auto Industries Ltd
1.42 %
Peer Comparison
| Company Name |
|---|
 Action Construction Equipment Ltd |
 Ajax Engineering Ltd |
 Cummins India Ltd |
 Eimco Elecon (India) Ltd |
 Happy Forgings Ltd |
 Jamna Auto Industries Ltd |
 Jupiter Wagons Ltd |
 Kross Ltd |
 Olectra Greentech Ltd |
 SML ISUZU Ltd |
 |
 Texmaco Rail & Engineering Ltd |
 TIL Ltd |
 Titagarh Rail Systems Ltd |
 Tata Motors Ltd |
About
Balu Forge Industries Ltd
Balu Forge Industries Limited is a prominent Indian manufacturer and supplier of a diverse range of forged components and assemblies, catering to a broad spectrum of industries globally. Their core business centers around the production and sale of crankshafts, a crucial part in internal combustion engines. These crankshafts are primarily supplied to original equipment manufacturers (OEMs) across various sectors.
Beyond crankshafts, Balu Forge boasts a comprehensive product portfolio encompassing a wide array of components and assemblies. This includes railway wheels and undercarriages, vital for the rail transportation industry; transmission and clutch systems for automotive applications; chassis components for vehicles; hydraulic motors for diverse machinery; and crucial brake parts ensuring safety in various vehicles and equipment.
Their manufacturing capabilities extend to other specialized components such as hooks and towing accessories, turbine blades for energy applications, and forged components for a variety of industrial machinery and equipment. The company also produces components for the burgeoning oil and gas industry, including flow control products. This broad range of products highlights Balu Forge's versatility and adaptability to the evolving needs of various sectors.
The company serves a remarkably diverse client base, spanning numerous industries. These include agricultural machinery (tractors and harvesters), defense and aerospace, oil and gas extraction and processing, heavy-duty vehicles (trucks, buses, trailers), industrial and home generators, refrigeration compressor manufacturing, marine and locomotive engineering, off-road and on-road vehicles (motorcycles, carts, jet skis), racing vehicles, earth-moving equipment, and the emerging e-mobility sector. This wide market reach underscores the company's strong position and strategic importance within the global manufacturing landscape.
Balu Forge’s headquarters are located in Mumbai, India, strategically positioning them within a key manufacturing hub. Their international reach, however, extends far beyond India, supplying components to a global clientele across various sectors. This demonstrates their ability to effectively compete in the international marketplace and their commitment to delivering high-quality forged products worldwide.
COMPANY FACTS - BALUFORGE
Registered Address
506 , Imperial Palace, 45, Telly Park Road, Andheri (E)
Mumbai
MAHARASHTRA
IN
Tel: 912226839916
Website:https://www.baluindustries.com/
Investor Relations:http://www.baluindustries.com/investors-kit.php
Company Details
Group: Capital Goods
Sector: Industrials
Industry: Machinery
Exchange: NATIONAL STOCK EXCHANGE OF INDIA
Employees: 150
IPO Date: 01/05/1994
MANAGEMENT - BALUFORGE
Mr. Jaspalsingh Chandock
Chairman of the Board, Managing Director
Mr. Amit Todkari
Chief Financial Officer
Mr. Sadik Patel
Chief Operating Officer
Ms. Tabassum Begum
Compliance Officer, Company Secretary
Mr. Jaikaran Chandock
Whole Time Director
Mr. Trimaan Chandock
Whole Time Director
Ms. Shalu Bhandari
Independent Director
Mr. Raghvendra Mehta
Independent Director
Mr. Radhey Soni
Independent Director
Investor Questions Answered
Balu Forge Industries Ltd (BALUFORGE) Stock FAQs
Get answers to the most common questions about Balu Forge Industries Ltd stock price, fundamentals, financial metrics, and investment analysis
The current share price of Balu Forge Industries Ltd (BALUFORGE) is ₹453.4. Today, the stock has declined by ₹13.45 (2.88%), trading in a range of ₹452 to ₹466.25. The stock opened at ₹464.55 with a trading volume of 3,85,955 shares.
Balu Forge Industries Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹5,662.55 crores, P/E ratio of 23.03, ROE of 11.10%, and ROCE of 31.30%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
The 52-week high price of Balu Forge Industries Ltd (BALUFORGE) is ₹784, while the 52-week low is ₹341.05. Currently trading at ₹453.4, the stock is 25.4% away from its 52-week low and 42.2% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
Whether to buy Balu Forge Industries Ltd stock at ₹453.4 depends on multiple factors. The stock is currently trading with a P/E ratio of 23.03 and P/B ratio of N/A. Today's performance shows a loss of 2.88%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
Balu Forge Industries Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹453.4, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
Balu Forge Industries Ltd's key financial metrics include: P/E Ratio: 23.03, P/B Ratio: N/A, ROE: 11.10%, ROCE: 31.30%, Dividend Yield: 0.00%, EPS: ₹21.53, Book Value: ₹95.08, Debt-to-Equity: 0.04, and Current Ratio: N/A. The company's market cap stands at ₹5,662.55 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
Balu Forge Industries Ltd stock opened at ₹464.55 and is currently trading at ₹453.4, showing a decline of ₹13.45 (2.88%). The intraday high is ₹466.25 and low is ₹452. The trading volume stands at 3,85,955 shares, indicating moderate market participation today.
Balu Forge Industries Ltd has a Price-to-Earnings (P/E) ratio of 23.03, which means investors are willing to pay ₹23.03 for every ₹1 of earnings. With an EPS of ₹21.53, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
Balu Forge Industries Ltd has a market capitalization of ₹5,662.55 crores, making it a small-cap company. Market cap is calculated by multiplying the current stock price (₹453.4) by the total number of outstanding shares. This metric helps investors understand the company's size, stability, and investment risk profile.
Balu Forge Industries Ltd has a book value of ₹95.08 per share and a Price-to-Book (P/B) ratio of N/A. The current market price is ₹453.4, which is 376.9% above the book value. A P/B ratio below 1 may indicate undervaluation or asset quality concerns.
Balu Forge Industries Ltd has a Return on Equity (ROE) of 11.10% and Return on Capital Employed (ROCE) of 31.30%. ROE measures how efficiently the company generates profits from shareholders' equity, while ROCE indicates how well the company uses its capital to generate profits. These are moderate returns, suggesting decent operational efficiency. Higher percentages generally indicate better financial performance.
Balu Forge Industries Ltd operates in the diversified sector and belongs to the general industry. The company competes with other players in this space and its performance is influenced by sector-specific trends, regulatory changes, and market dynamics. Understanding the sector helps investors assess growth potential, cyclical patterns, and industry-specific risks that may impact the stock's performance.
Balu Forge Industries Ltd has a debt-to-equity ratio of 0.04, which measures the company's financial leverage by comparing total debt to shareholders' equity. A low ratio suggests conservative financing with minimal debt. Lower ratios generally indicate lower financial risk, but optimal levels vary by industry.
Balu Forge Industries Ltd has an Earnings Per Share (EPS) of ₹21.53, which represents the company's profit allocated to each outstanding share. With a current stock price of ₹453.4 and P/E ratio of 23.03, investors are paying 23.03 times the annual earnings per share. This moderate EPS suggests decent earnings generation. Track EPS growth over quarters to assess earnings momentum.
Balu Forge Industries Ltd has reported a sales growth of N/A% and profit growth of N/A%. The company may be facing growth challenges or operating in a mature market. Consistent growth over multiple quarters is a positive indicator for long-term investors. Compare these growth rates with industry peers for better perspective.
Balu Forge Industries Ltd has a current ratio of N/A, which measures the company's ability to pay short-term obligations with current assets. A ratio below 1 may indicate potential liquidity concerns. This metric is crucial for assessing the company's working capital management and financial safety.
To analyze Balu Forge Industries Ltd stock, consider: 1) Fundamental Analysis - Review P/E (23.03), ROE (11.10%), debt-to-equity (0.04), and growth rates. 2) Technical Analysis - Check 52-week range (₹341.05 - ₹784.00), moving averages, and chart patterns. 3) Valuation - Compare current price (₹453.40) with book value (₹95.08) and industry peers. 4) Financial Health - Assess current ratio (N/A) and cash flows. 5) Growth Prospects - Evaluate sales growth (N/A%) and profit growth (N/A%). Always diversify and consult a financial advisor.
The face value (or par value) of Balu Forge Industries Ltd share is ₹10.00. Face value is the nominal value of a share as stated in the company's charter and is used for accounting purposes and calculating dividends. The current market price of ₹453.4 is 4434x the face value. Face value remains constant unless the company undergoes a stock split or bonus issue, while market price fluctuates based on demand and supply.
Investing in Balu Forge Industries Ltd carries several risks: 1) Market Risk - Stock price volatility (52-week range: ₹341.05 - ₹784.00). 2) Business Risk - Industry-specific challenges in the sector. 3) Financial Risk - Debt-to-equity ratio of 0.04 indicates leverage. 4) Liquidity Risk - Based on trading volume of 3,85,955 shares. 5) Valuation Risk - P/E of 23.03 may indicate over/undervaluation. 6) Economic Risk - Macroeconomic factors affecting the industry. Diversify your portfolio and invest only what you can afford to lose.
Balu Forge Industries Ltd operates in the industry with key metrics: P/E ratio of 23.03, ROE of 11.10%, market cap of ₹5,662.55 crores, and dividend yield of 0.00%. To make an informed comparison, analyze these metrics against industry peers considering factors like revenue growth (N/A%), profit margins, debt levels (D/E: 0.04), and market position. Use our peer comparison tool on this page to see detailed side-by-side analysis with competitors.
Target prices for Balu Forge Industries Ltd vary among analysts and depend on multiple factors including earnings projections, industry trends, and market conditions. The stock is currently trading at ₹453.4, with a 52-week range of ₹341.05 to ₹784.00. Based on fundamentals like P/E (23.03), ROE (11.10%), and growth rates, analysts may have different target prices. Always refer to recent research reports from reputed brokerages and make decisions based on your own analysis and risk appetite.
Consider selling Balu Forge Industries Ltd stock when: 1) Target Price Achieved - If the stock reaches your predetermined target from current ₹453.40. 2) Fundamental Deterioration - Declining ROE (currently 11.10%), increasing debt (D/E: 0.04), or falling growth rates. 3) Better Opportunities - Finding stocks with superior risk-reward ratios. 4) Portfolio Rebalancing - When the stock becomes overweight in your portfolio. 5) Changed Investment Thesis - If reasons for buying no longer hold. 6) Stop Loss - If price falls below your risk threshold. Always base decisions on thorough analysis rather than emotions.
Tax implications for Balu Forge Industries Ltd stock investments: 1) Short-term Capital Gains (STCG) - If sold within 1 year, gains taxed at 15% plus cess. 2) Long-term Capital Gains (LTCG) - If held over 1 year, gains above ₹1 lakh taxed at 10% without indexation. 3) Dividend Income - Dividends (current yield: 0.00%) are taxable as per your income tax slab. 4) Securities Transaction Tax (STT) - Applicable on both buy and sell transactions. 5) Intraday Trading - Treated as speculative income, taxed as per slab. Tax laws change periodically, so consult a tax advisor for personalized guidance and latest regulations.
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