Balu Forge Industries
Balu Forge Industries Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Balu Forge Industries Limited, framed against the sector median so the premium or discount is obvious at a glance.
Balu Forge Industries Limited trades at a P/E of 19.16× and P/B of 2.97×, against the Industrials sector median P/E of 19.26×.
Valuation
Profitability
Growth
Financial Health
Balu Forge Industries Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Balu Forge Industries Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Balu Forge Industries Limited financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Balu Forge Industries Limited, switchable between annual and quarterly views, consolidated or standalone.
Balu Forge Industries Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹5,266.05 Cr and reported EPS of ₹23.92.
| Period | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue from Operations | 286 | 327 | 560 | 924 | 1,107 |
| Other Income | 9 | 13 | 10 | 17 | 33 |
| Total Income | 295 | 339 | 570 | 941 | 1,140 |
| Cost of Goods Sold (COGS) | 220 | 227 | 376 | 603 | 710 |
| Gross Profit | 66 | 100 | 184 | 321 | 398 |
| +Operating Expenses | 29 | 50 | 64 | 70 | 98 |
| EBITDA | 37 | 50 | 119 | 251 | 300 |
| +Non-Operating Expenses | 6 | 12 | 16 | 14 | 26 |
| Profit Before Tax (PBT) | 39 | 51 | 114 | 254 | 306 |
| +Tax Expense | 9 | 12 | 20 | 50 | 47 |
| Profit After Tax (PAT) | 30 | 39 | 94 | 204 | 259 |
| Earnings Per Share (EPS) | 3.63 | 4.67 | 9.13 | 18.40 | 22.51 |
| Diluted Shares Outstanding (Nos.) | 8 | 8 | 10 | 11 | 11 |
| +Additional Disclosures | 476 | 516 | 833 | 1,291 | 1,559 |
| Sales Growth % | — | 14.18 | 71.40 | 64.97 | 19.89 |
| YoY Sales Growth % | — | 14.18 | 71.40 | 64.97 | 19.89 |
| Material Cost % | 81 | 71 | 76 | 66 | 68 |
| Employee Cost % | 2 | 2 | 2 | 3 | 3 |
| Other Cost % | 8 | 13 | 9 | 5 | 6 |
| OPM % | 13 | 15 | 21 | 27 | 27 |
| Tax % | 24 | 23 | 18 | 20 | 15 |
| Profit Growth % | — | 30.39 | 140.73 | 117.62 | 27.00 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 36 | 48 | 117 | 248 | 290 |
Balu Forge Industries segment analysis: revenue and profit mix.
Disclosed business segments at Balu Forge Industries with their share of revenue and profit, switchable between consolidated and standalone reporting.
Balu Forge Industries discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Balu Forge Industries Limited investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Balu Forge Industries Limited, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Balu Forge Industries Limited's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
High profitability. ROE 25.40%, ROCE 31.30% demonstrate excellent capital efficiency.
Robust growth. Quarterly profit surged 66.90%, sales grew 33.00%.
Minimal financial leverage. Debt-to-equity ratio 0.04 significantly reduces financial risk.
Strong operating margins. OPM 28.11% reflects efficient cost management and core profitability.
Superior ROCE 31.30% compared to peers indicates strong competitive advantage.
What can break it.
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.
Negative operating cash flow. Annual cash flow per share -24.21, a liquidity concern.
Declining promoter stake. Reduced from 65.41% to 54.8% since 2022.
Low shareholder returns. Negligible 0.02% dividend yield, unattractive for income investors.
What would change my mind.
Trim if P/E re-rates above 25 (~1.3× the sector multiple of 19.3). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 10.02. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 15%. The operating engine is no longer compounding capital efficiently.
Balu Forge Industries Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Balu Forge Industries Limited is highlighted for quick read-across.
Quick Compare
Peer Comparison
Balu Forge Industries Limited technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Balu Forge Industries Limited — derived from the live tape, not yesterday's close.
Balu Forge Industries Limited last traded at ₹458.2 with an intraday range of ₹449–₹461 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹458.20| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 487.13 | +28.93 | +6.31% |
| R3 | 475.13 | +16.93 | +3.70% |
| R2 | 468.07 | +9.87 | +2.15% |
| R1 | 463.13 | +4.93 | +1.08% |
| PIVOT | 456.07 | -2.13 | -0.47% |
| CURRENT | 458.20 | — | — |
| S1 | 427.13 | -31.07 | -6.78% |
| S2 | 439.13 | -19.07 | -4.16% |
| S3 | 444.07 | -14.13 | -3.08% |
| S4 | 451.13 | -7.07 | -1.54% |
BALUFORGE is trading Above CPR, indicating Bullishness
CPR is Average
Day's range: 451 ~ 456.95
Trading Above opening range, showing Bullishness
Balu Forge Industries Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Balu Forge Industries Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Balu Forge Industries Limited stood at 52.5% of traded volume, against a 20-day average of 46.2%.
Balu Forge Industries announcements: results, concalls, ratings, M&A.
Filings Balu Forge Industries sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Balu Forge Industries files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 111 documents below.
Disclosure under SEBI Takeover Regulations
Trimaan Chandock has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India…
Disclosure under SEBI Takeover Regulations
Jaikaran Chandock has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India…
Press Release
Balu Forge Industries Limited has informed the Exchange regarding a press release dated Jun 01, 2026, titled "Balu Forge secures Major Order for…
Copy of Newspaper Publication
Balu Forge Industries Limited has informed the Exchange about Copy of Newspaper Publication
Press Release
Balu Forge Industries Limited has informed the Exchange regarding a press release dated May 26, 2026, titled "Balu Forge secures Maiden Order in the…
Investor decks & rating reports.
Balu Forge Industries insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Balu Forge Industries as reported to SEBI — buying and selling signals from the people who know the business best.
Balu Forge Industries insider activity below tracks 2 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| JAIKARAN JASPALSINGH CHANDOCK | Insider | 03 Apr 2025 | buy | +13.25 L | ₹24.33 Cr | ₹183.60 |
| TRIMAAN JASPALSINGH CHANDOCK | Insider | 19 Mar 2025 | buy | +13.25 L | ₹24.33 Cr | ₹183.60 |
Balu Forge Industries dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Balu Forge Industries has declared, sequenced by announce and record date.
Balu Forge Industries corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Balu Forge Industries Limited: business, sector, key facts.
What Balu Forge Industries Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Balu Forge Industries Limited operates in the Industrials, listed as NSE: BALUFORGE, BSE: 531112.
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.
Questions investors ask about Balu Forge Industries Limited (BALUFORGE).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Balu Forge Industries Limited (BALUFORGE)?
The current share price of Balu Forge Industries Limited (BALUFORGE) is ₹458.2. Today, the stock has gained by ₹9.45 (2.11%), trading in a range of ₹449 to ₹461. The stock opened at ₹451.75 with a trading volume of 5,43,269 shares.
02Is Balu Forge Industries Limited stock a good investment for long-term?
Balu Forge Industries Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹5,266.05 crores, P/E ratio of 19.16, ROE of 19.56%, and ROCE of 31.30%. The dividend yield stands at 0.03%. 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.
03What is the 52-week high and low price of Balu Forge Industries Limited stock?
The 52-week high price of Balu Forge Industries Limited (BALUFORGE) is ₹697, while the 52-week low is ₹341.05. Currently trading at ₹458.2, the stock is 32.9% away from its 52-week low and 34.3% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Balu Forge Industries Limited stock at the current price?
Whether to buy Balu Forge Industries Limited stock at ₹458.2 depends on multiple factors. The stock is currently trading with a P/E ratio of 19.16 and P/B ratio of 2.97. Today's performance shows a gain of 2.11%. 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.
05What is the dividend yield of Balu Forge Industries Limited and when is the next dividend?
Balu Forge Industries Limited offers a dividend yield of 0.03%, which means for every ₹100 invested at the current price of ₹458.2, you can expect to receive approximately ₹0.03 annually as dividends. The face value of the stock is ₹0.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Balu Forge Industries Limited?
Balu Forge Industries Limited's key financial metrics include: P/E Ratio: 19.16, P/B Ratio: 2.97, ROE: 19.56%, ROCE: 31.30%, Dividend Yield: 0.03%, EPS: ₹23.92, Book Value: ₹154.03, and Debt-to-Equity: 9.52. The company's market cap stands at ₹5,266.05 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Balu Forge Industries Limited stock performing today in the market?
Balu Forge Industries Limited stock opened at ₹451.75 and is currently trading at ₹458.2, showing a gain of ₹9.45 (2.11%). The intraday high is ₹461 and low is ₹449. The trading volume stands at 5,43,269 shares, indicating moderate market participation today.
08What is the P/E ratio of Balu Forge Industries Limited and what does it indicate?
Balu Forge Industries Limited has a Price-to-Earnings (P/E) ratio of 19.16, which means investors are willing to pay ₹19.16 for every ₹1 of earnings. With an EPS of ₹23.92, 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.
The data, ratios and commentary about Balu Forge Industries Limited (BALUFORGE) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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