Is Balu Forge Industries Ltd (BALUFORGE) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Balu Forge Industries Ltd is a good quality company .

Is Balu Forge Industries Ltd (BALUFORGE) undervalued or overvalued?

The key valuation ratios of Balu Forge Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Balu Forge Industries Ltd (BALUFORGE) share price return in the past 10 years?

Balu Forge Industries Ltd share price has appreciated 26.3% annually (CAGR) over the past ten years.

Is Balu Forge Industries Ltd (BALUFORGE) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Balu Forge Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the share price of Balu Forge Industries Ltd (BALUFORGE)?

Company share prices are keep on changing according to the market conditions. The current trading price of Balu Forge Industries Ltd (BALUFORGE) on 17-Apr-2026 16:59:59 at 16:59 is 486.20.

What is the P/E ratio of Balu Forge Industries?

The latest standalone P/E ratio of Balu Forge Industries as of 17-Apr-2026 is 40.13.

What is the P/B ratio of Balu Forge Industries Ltd (BALUFORGE)?

The latest standalone P/B ratio of Balu Forge Industries Ltd (BALUFORGE) as of 17-Apr-2026 is 4.23.

What is the 52-week high and low of Balu Forge Industries Ltd (BALUFORGE)?

The 52-week high of Balu Forge Industries Ltd (BALUFORGE) is Rs. 784.00 and the 52-week low is Rs. 341.35.

Balu Forge Industries Ltd (BALUFORGE) Share Analysis – Cycle Position, Quality & Valuation Zone & DeciZen Rating

Name: Balu Forge Industries Ltd (BALUFORGE)
Brand: Balu Forge Industries

Balu Forge Industries Ltd (BALUFORGE) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 531112 NSE: BALUFORGE | Forgings | Small Cap

Balu Forge Industries Ltd (BALUFORGE)

BSE: 531112 NSE: BALUFORGE

Key Metrics

Market Cap

₹5,886 Cr.

P/E Ratio

40.13

Price to Book (P/B)

4.23

Price to Sales (P/S)

9.12

EV/EBITDA

27.08

Return on Capital Employed (ROCE)

25.14%

Current Price

₹486.2

Return on Equity (ROE)

19.79%

Return on Assets (ROA)

14.83%

Operating Profit Margin

29.2%

Net Profit Margin

22.43%

Gross Profit Margin

31.3%

Book Value per Share

₹114.8

Sales Growth (YoY)

54.22%

Sales Growth (3 Years)

28.05%

Operating Profit Growth (1 Year)

90.52%

Operating Profit Growth (3 Years)

66.86%

Net Profit Growth (1 Year)

99.9%

52-Week Low / High

₹341 / 784

Net Profit Growth (3 Years)

63.99%

Dividend Yield

0.02%

Promoter Holding

54.87%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Balu Forge Industries Ltd?

Balu Forge Industries Ltd revenue growth is 54.2% for FY-2025 , which is below its 5 year CAGR of 395.7% , indicating slower growth.

Q.1 Promoter shareholding and pledge status of Balu Forge Industries Ltd?

Promoters hold 54.87% of the Balu Forge Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Balu Forge Industries Ltd vs industry peers?

Balu Forge Industries Ltd revenue CAGR is 395.68% , compared to the industry median CAGR of 11.56% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Balu Forge Industries Ltd belong to?

Balu Forge Industries Ltd belongs to the Automobiles sector, operating specifically within the Forgings segment.

Q.1 Stock return of Balu Forge Industries Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 26.3% based on the current price.

DeciZen - make an informed investing decision on Balu Forge Industrie

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation ⓘ

3. Price Trend

Balu Forge Industries stock performance

Key Ratios

Is Balu Forge Industries Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	-26.4%	38%	65.3%	22.2%	21.5%	32.1%	29.2%	24.1%	24.9%	25.1%	-
Value Creation Index ⓘ	-2.9	1.7	3.7	0.6	0.5	1.3	1.1	0.7	0.8	0.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0.1	0.1	0.2	0.2	0.2	142	285	269	388	598	646
Sales YoY Gr.	-	140%	66.7%	-10%	11.1%	70,945%	100.6%	-5.6%	44.2%	54.2%	-
Adj EPS ⓘ	-0.5	1	2	5.7	1.2	0.6	3	3.1	6.2	11.2	12.1
YoY Gr.	-	NA	95%	193.9%	-79.8%	-50%	422.4%	3.6%	97.8%	80.8%	-
BVPS (₹) ⓘ	0.5	1.5	3.3	8.7	9.9	11	19.2	23	48.5	77.6	114.8
Adj Net Profit ⓘ	-0	0	0.1	0.2	0	4	25	26.2	63.7	124	147
Cash Flow from Ops. ⓘ	0	-0	-0	0.2	0	17.3	-57.5	20.4	8.4	148	-
Debt/CF from Ops. ⓘ	12.6	-7.9	-2.2	0	0	1.4	-0.8	2.5	5.8	0.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	183.9%	395.7%	28.1%	54.2%
Adj EPS ⓘ	NA	57.5%	54.8%	80.8%
BVPSⓘ	77.2%	50.9%	59.2%	60.1%
Share Price	26.3%	18.2%	75.2%	-20.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-70.9	104.7	82.2	95.6	12.5	10.3	21.1	14.9	17.9	16.9	12.6
Op. Profit Mgn % ⓘ	-201.7	-33.1	45.5	36.8	30.6	8.6	13.2	17.4	23.9	29.2	31.7
Net Profit Mgn % ⓘ	-38.5	29	34.1	109.8	19.9	2.8	8.8	9.7	16.4	20.8	22.7
Debt to Equity ⓘ	3.2	1	0.4	0	0	0.3	0.3	0.3	0.1	0	-
Working Cap Days ⓘ	97	110	228	224	182	157	226	353	325	258	137
Cash Conv. Cycle ⓘ	-1	62	170	146	36	35	89	184	155	103	80

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	12.1	21.1
TTM Sales (₹ Cr.)	646	1,113
BVPS (₹) ⓘ	114.8	130.7
Reserves (₹ Cr.) ⓘ	1,272	1,465
P/BV ⓘ	4.23	3.71
PE ⓘ	40.13	23.01

From the Market
52 Week Low / High (₹)	341.35 / 784.00
All Time Low / High (₹)	4.41 / 890.00
Market Cap (₹ Cr.)	5,886
Equity (₹ Cr.)	121.4
Face Value (₹)	10
Industry PE ⓘ	57

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Balu Forge Industrie - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	0	0	0	0	0	142	285	269	388	598
Operating Expenses ⓘ +	0	0	0	0	0	130	247	227	296	424
Manufacturing Costs	0	0	0	0	0	2	0	1	3	2
Material Costs	0	0	0	0	0	111	220	183	245	366
Employee Cost	0	0	0	0	0	3	4	5	7	12
Other Costs ⓘ	0	0	0	0	0	14	23	37	42	43
Operating Profit ⓘ	-0	-0	0	0	0	12	38	43	92	175
Operating Profit Margin (%)	-201.0%	-33.1%	45.5%	28.5%	30.6%	8.6%	13.2%	15.8%	23.7%	29.2%
Other Income ⓘ +	0	0	0	0	0	5	9	13	11	23
Exceptional Items ⓘ	0	0	0	0	0	0	-0	0	0	0
Interest ⓘ	0	0	0	0	0	7	5	10	14	11
Depreciation ⓘ	0	0	0	0	0	1	1	1	1	3
Profit Before Tax ⓘ	-0	0	0	0	0	10	40	44	87	184
Tax ⓘ	0	-0	0	-0	0	2	9	12	20	50
Profit After Tax	-0	0	0	0	0	8	30	32	67	134
PAT Margin (%)	-38.5%	29.0%	34.1%	104.0%	19.9%	5.4%	10.7%	11.9%	17.3%	22.4%
Adjusted EPS (₹)	-0.5	1.0	2.0	5.4	1.2	1.1	3.7	3.8	6.5	12.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	3%	0%	2%	1%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	0	0	0	0	0	75	158	191	497	859
Share Capital ⓘ	0	0	0	0	0	69	82	83	103	111
Reserves ⓘ	-0	-0	-0	-0	-0	7	76	108	395	748
Debt +	0	0	0	0	0	17	45	45	40	27
Long Term Debt	0	0	0	0	0	10	7	12	25	16
Short Term Debt	0	0	0	0	0	7	38	33	16	11
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	0	0	0	0	0	48	45	57	79	112
Others Liabilities ⓘ	0	0	0	-0	-0	31	36	55	55	141
Total Liabilities ⓘ	0	0	0	0	0	171	285	349	671	1,139
Fixed Assets
Net Fixed Assets ⓘ +	0	0	0	0	0	42	42	43	52	178
Gross Block	0	0	0	0	0	44	44	45	55	184
Accumulated Depreciation	0	0	0	0	0	1	1	2	4	6
CWIP ⓘ	0	0	0	0	0	0	7	7	130	417
Investments ⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	0	0	0	0	0	20	41	34	81	73
Trade Receivables	0	0	0	0	0	61	130	196	191	267
Cash Equivalents	0	0	0	0	0	3	7	8	90	96
Others Assets ⓘ	0	0	0	0	0	45	57	62	127	107
Total Assets ⓘ	0	0	0	0	0	171	285	349	671	1,139

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	0	-0	-0	0	0	17	-57	20	8	148
PBT ⓘ	-0	0	0	0	0	10	40	44	87	184
Adjustment ⓘ	0	0	0	0	-0	8	-2	9	-1	-45
Changes in Working Capital ⓘ	0	-0	-0	0	-0	2	-97	-33	-61	44
Tax Paid ⓘ	0	0	-0	-0	-0	-2	2	0	-17	-35
Cash Flow From Investing Activity ⓘ +	0	0	0	0	0	-3	-8	-16	-174	-416
Capex	0	0	0	0	0	-3	-8	-16	-174	-416
Net Investments	0	0	0	0	0	0	0	0	0	-0
Others ⓘ	0	0	0	0	0	0	0	0	0	0
Cash Flow From Financing Activity ⓘ +	0	-0	0	-0	-0	-12	69	-6	249	274
Net Proceeds from Shares ⓘ	0	0	0	0	0	20	52	0	262	296
Net Proceeds from Borrowing ⓘ	0	0	0	-0	0	-16	-3	4	13	-9
Interest Paid ⓘ	0	0	0	0	0	-7	-5	-10	-14	-11
Dividend Paid ⓘ	0	0	0	0	0	0	-1	0	0	-2
Others ⓘ	0	-0	0	0	-0	-10	26	1	-13	-1
Net Cash Flow ⓘ	0	-0	-0	0	-0	2	4	-1	83	5

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	N/A	N/A	N/A	N/A	N/A	20.17	26.08	18.31	19.51	19.79
ROCE (%)	N/A	N/A	N/A	N/A	N/A	32.13	29.24	24.14	24.87	25.14
Asset Turnover Ratio	0.62	1.19	1.17	0.85	0.81	1.71	1.25	0.85	0.76	0.66
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	2.13	-1.9	0.63	0.12	1.1
Working Capital Days
Receivable Days	0	135	176	0	72	76	122	221	182	140
Inventory Days	0	0	0	0	0	50	39	51	54	47
Payable Days	2	0	0	0	0	157	77	102	102	95

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Balu Forge Industries Ltd FAQs

The current trading price of Balu Forge Industrie on 17-Apr-2026 16:59 is ₹486.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2026 the market cap of Balu Forge Industrie stood at ₹5,885.7 Cr

The latest P/E ratio of Balu Forge Industrie as of 16-Apr-2026 is 40.13.

The latest P/B ratio of Balu Forge Industrie as of 16-Apr-2026 is 4.23.

The 52-week high of Balu Forge Industrie is ₹784.0 and the 52-week low is ₹341.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Balu Forge Industrie is ₹646 ( Cr.) .

About Balu Forge Industries Ltd

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Balu Forge Industries Ltd (BALUFORGE) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Balu Forge Industrie Share Price