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

Balu Forge Industries Ltd share price has appreciated 26.5% annually (CAGR) over the past ten years.

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 04-Jun-2026 16:59:59 at 16:59 is 475.60.

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

The latest standalone P/E ratio of Balu Forge Industries as of 04-Jun-2026 is 37.68.

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 04-Jun-2026 is 4.21.

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

Key Metrics

Valuation Multiples

Market Cap

₹5,773 Cr.

Current Price

₹475.6

52-Week Low / High

₹341 / 784

TTM EPS

₹12.6

TTM Sales

₹647 Cr.

Book Value per Share

₹112.8

P/E Ratio

37.68

Lower than its 5-year historical median

Industry PE

81.9

Price to Book (P/B)

4.21

Lower than its 5-year historical median

Price to Sales (P/S)

8.92

Higher than its 5-year historical median

EV/EBITDA

25.70

Lower than its 5-year historical median

Dividend Yield

0.02%

Profitability Efficiency

Return on Equity (ROE)

19.79%

Outperforms industry median

Return on Capital Employed (ROCE)

25.14%

Outperforms industry median

Return on Assets (ROA)

14.83%

Operating Profit Margin

29.2%

Net Profit Margin

22.43%

Gross Profit Margin

31.3%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Improving versus 3-year growth rate

54.22%

Operating Profit Growth (1 Year)

Improving versus 3-year growth rate

90.52%

Net Profit Growth (1 Year)

Improving versus 3-year growth rate

99.9%

Asset Quality

Promoter Holding

54.39%

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

1.40%

Reserves

₹1,248 Cr.

Equity

₹121.4 Cr.

Face Value

₹10

All Time Low / High

₹4.41 / 890.00

Balu Forge Industries stock performance

Key Ratios

Check Before You Invest

Quality

Very Good

Check detailed performance

Valuation

Somewhat Undervalued

Check Valuation charts

Price Trend

Semi Strong

Check Price chart

Q.1 Is Balu Forge Industries Ltd a good quality company?

Balu Forge Industries Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Balu Forge Industries Ltd performance compare with that of its Peers?

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 10.29%, indicating faster growth and gaining its market share.

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

Promoters hold 54.39% of the Balu Forge Industries Ltd, with 1.40% of their stake pledged, indicating low pledge risk.

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 26.8% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

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

Value Creation ⓘ

	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 ⓘ
Sales ⓘ	0.1	0.1	0.2	0.2	0.2	142	285	269	388	598	647
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	12.6
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	112.8
Adj Net Profit ⓘ	-0	0	0.1	0.2	0	4	25	26.2	63.7	124	153
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 ⓘ

	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	26.5%	14.7%	63%	-31.3%

Key Financial Parameters ⓘ

	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	13.3
Op. Profit Mgn % ⓘ	-201.7	-33.1	45.5	36.8	30.6	8.6	13.2	17.4	23.9	29.2	29.8
Net Profit Mgn % ⓘ	-38.5	29	34.1	109.8	19.9	2.8	8.8	9.7	16.4	20.8	23.7
Debt to Equity ⓘ	3.2	1	0.4	0	0	0.3	0.3	0.3	0.1	0	0
Working Cap Days ⓘ	97	110	228	224	182	157	226	353	325	258	154
Cash Conv. Cycle ⓘ	-1	62	170	146	36	35	89	184	155	103	92

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%	2.70%	0%	2.30%	1.20%

Valuation of Balu Forge Industrie - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

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

Financial 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	135.40	176.20	0	72.30	75.90	122.30	221.20	181.80	139.60
Inventory Days	0	0	0	0	0	49.80	38.90	50.50	53.90	47
Payable Days	1.60	0	0	0	0	156.80	77	102.10	101.60	95.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

1.40

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Balu Forge Industries Ltd FAQs

The current trading price of Balu Forge Industrie on 04-Jun-2026 16:59 is ₹475.6.

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 03-Jun-2026 the market cap of Balu Forge Industrie stood at ₹5,773.4 Cr

The latest P/E ratio of Balu Forge Industrie as of 03-Jun-2026 is 37.68.

The latest P/B ratio of Balu Forge Industrie as of 03-Jun-2026 is 4.21.

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 ₹647 ( Cr.) .

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

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.

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

About Balu Forge Industries Ltd

Balu Forge Industries (formerly known as Amaze Entertech) began operations in 1989 as a manufacturer and supplier of precision-engineered products, crankshafts and forging components, serving a wide range of end-user industries. Over the years, it has evolved to address the changing needs of its customers. In recent years, focus has been directed towards building a stronger presence in key sectors such as defence, railways and new energy vehicles. The company’s machining facilities are equipped with advanced infrastructure, comprising an in-house tool room, metallurgical laboratories, design and process capabilities, as well as inspection and testing units.

The offerings of the company include a broad range of precision engineering and metal forming products catering to multiple industries such as automobiles (traditional ICE and new energy), industrial vehicles, earthmoving machinery, wind energy, aerospace, defence, oil and gas, locomotives and railway applications, marine, agriculture and others. Several initiatives have been undertaken to enhance cost competitiveness and strengthen profitability. Over time, the company has built a strong reputation as a reliable and quality-driven manufacturer of precision-engineered products across a wide spectrum of industries.

Geographically, its presence extends across the Americas, Africa, Europe, Asia and the Middle East. This global reach enables the company to serve high-value clients worldwide while creating diversified and resilient revenue streams. Competitive pricing, along with a strong focus on quality, has positioned it as a preferred choice for customers seeking both performance and value.

Business area of the company

The company is a leading Indian manufacturer and supplier of precision-engineered products and forged components, serving a diverse portfolio of industries across both domestic and international markets. With fully integrated manufacturing facilities and a comprehensive range of capabilities, the company delivers end-to-end solutions tailored to meet the complex and evolving requirements of its clients.

Product portfolio

Crankshaft
Under Carriage Components
Lifting Hooks
Towing Accessories
Brake Components
Railway Wheels
Hydraulic Motors
Oil, Gas and Flow Control Components
Turbine Blades
Empty Shells
Transmission and Clutches
Chassis Components

Milestones

1989: The foundation of the company was laid by Prehlad Singh Chandock
1991: First component manufactured in the factory
1995: First component exported to an overseas market
2006: Acquisition & Installation of the Ursus Manufacturing Plant from Ursus, Poland
2010: Acquisition & Installation of the Thyssenkrupp Plant from L’horme, France
2011: The company successfully achieved the milestone of building a presence in over 80 countries worldwide
2012: Got accredited with ISO/TS16949:2009 accreditation from world renowned company TUV NORD
2014: Achieved manufacturing of 1000 crankshafts in a single day
2016: Originally known as Bell Agromachina Ltd., it became Amaze Entertech Ltd. on November 16, 2016
2017: Became a supplier of Choice to over 25 OES spread over 5 Continents
2020: Got Accredited with the 14001:2015 & ISO 45001:2018 Certifications
2020: Became an Approved Vendor to the Ordnance Factory Board & established a specialized manufacturing unit for the Defence Industry.
2020: Balu completed the transition & listing on the Stock Exchange. The constitution of the company was changed to public limited company
2020: Changed name from Amaze Entertech Ltd. to Balu Forge Industries Ltd.
2021 and 2022: Acquired the Precision Machining Unit of the Mercedes Benz Truck factory from Mannheim, Germany
2021 and 2022: Balu successfully completed the ESG audit by a reputed audit firm & joined the United Nations Global Compact Program in its efforts to be ESG compliant
2023: Laid the foundation for the greenfield forging & machining facility Belgaum, India.
2024: Acquisition of 3 fully automated forging lines with GERB Technology namely: 16T, 10T Forging Hydraulic Hammer & 8000T Forging Press. These machines contribute to a combined forging capacity of 72,000 tons annually
2024 and 2025: Invested in 7-axis and 11- axis machining capability, 25T hydraulic hammer line & a fully automated empty shell & mortar production line with an annual capacity of 360,000 shells

Balu Forge Industries Ltd (BALUFORGE)

Balu Forge Industries Ltd (BALUFORGE)

Balu Forge Industries stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Balu Forge Industrie - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Balu Forge Industries Ltd FAQs

About Balu Forge Industries Ltd

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Balu Forge Industries Ltd (BALUFORGE)

Balu Forge Industries Ltd (BALUFORGE)

Balu Forge Industries stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Balu Forge Industrie - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Balu Forge Industries Ltd FAQs

What is the share price of Balu Forge Industrie?

What is the market cap of Balu Forge Industrie?

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

What is the P/B ratio of Balu Forge Industrie?

What is the 52-week high and low of Balu Forge Industrie?

What is the TTM revenue of Balu Forge Industrie?

Is Balu Forge Industries Ltd a good quality company?

Is Balu Forge Industries Ltd undervalued or overvalued?

Is Balu Forge Industries Ltd a good buy now?

About Balu Forge Industries Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.