Balu Forge Industries Ltd - Stock Valuation and Financial Performance

BSE: 531112 | NSE: | Engineering - Industrial Equipments | Small Cap

Balu Forge Industrie Share Price

204.70 6.95 3.51%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Balu Forge Industrie

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Balu Forge Industries stock performance -

mw4me loader
P/E Ratio (SA):
36.18
Market Cap:
2,098.5 Cr.
52-wk low:
84.5
52-wk high:
301

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

1. Is Balu Forge Industries Ltd 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.

2. Is Balu Forge Industries Ltd 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 Fair zone.

3. Is Balu Forge Industries Ltd a good buy now?

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

10 Year X-Ray of Balu Forge Industrie:

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Balu Forge Industries Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 17.1%16.2%-26.5%41.6%51.4%85.4%12.5%17%18.6%15%-
Value Creation
Index
0.20.2-2.92.02.75.1-0.10.20.30.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 000.10.10.20.20.2142285269359
Sales YoY Gr.-NANA140%66.7%-10%11.1%70,945%100.6%-5.6%-
Adj EPS 00.2-0.5125.71.20.633.15.7
YoY Gr.-2000%-338.1%NA95%193.9%-79.8%-50%422.4%3.6%-
BVPS (₹) 0.110.51.53.38.79.91119.22346.4
Adj Net
Profit
00000.10.2042526.258
Cash Flow from Ops. 000000.2017.3-57.56.4-
Debt/CF from Ops. 0-5.812.6-7.9-2.2001.4-0.88.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA322.4%1003.9%-5.6%
Adj EPS 89.4%10%39.4%3.6%
BVPS90.3%47.6%32.2%19.4%
Share Price - 27% -0.8% 133.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
16.724.5-70.9104.782.295.612.510.321.114.916.3
Op. Profit
Mgn %
00-201.7-33.145.536.830.68.613.217.423
Net Profit
Mgn %
00-38.52934.1109.819.92.88.89.716.1
Debt to
Equity
00.93.210.4000.30.30.3-
Working Cap
Days
0097110228224182157226353172
Cash Conv.
Cycle
00-163170146363589184106

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.30%

Sales growth is growing at healthy rate in last 3 years 1003.93%

Net Profit is growing at healthy rate in last 3 years 39.37%

Sales growth is good in last 4 quarters at 37.67%

No data to display

Latest Financials - Balu Forge Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 5.7 7.9
TTM Sales (₹ Cr.) 359 522
BVPS (₹.) 46.4 48.9
Reserves (₹ Cr.) 374 399
P/BV 4.40 4.18
PE 36.18 26.03
From the Market
52 Week Low / High (₹) 84.50 / 301.00
All Time Low / High (₹) 4.41 / 301.00
Market Cap (₹ Cr.) 2,099
Equity (₹ Cr.) 102.6
Face Value (₹) 10
Industry PE 46

Management X-Ray of Balu Forge Industrie:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Balu Forge Industrie

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales0000000142285269
Operating Expenses 0000000130247227
Manufacturing Costs0000000201
Material Costs0000000111220183
Employee Cost 0000000345
Other Costs 0000000142337
Operating Profit 0000000123843
Operating Profit Margin (%) ---201.0%-33.1%45.5%28.5%30.6%8.6%13.2%15.8%
Other Income 00000005913
Interest 00000007510
Depreciation 0000000111
Exceptional Items 0000000000
Profit Before Tax 0000000104044
Tax 00000002912
Profit After Tax 000000083032
PAT Margin (%) ---38.5%29.0%34.1%104.0%19.9%5.4%10.7%11.9%
Adjusted EPS (₹)0.00.2-0.51.02.05.41.21.13.73.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%3%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 000000075158191
Share Capital 4000000698283
Reserves -3000000776108
Minority Interest0000000000
Debt0000000174545
Long Term Debt000000010712
Short Term Debt000000073833
Trade Payables0000000484557
Others Liabilities 0000000313655
Total Liabilities 0000000171285349

Fixed Assets

Gross Block0000000444445
Accumulated Depreciation0000000112
Net Fixed Assets0000000424243
CWIP 0000000077
Investments 0000000000
Inventories0000000204134
Trade Receivables000000061130196
Cash Equivalents 0000000378
Others Assets0000000455762
Total Assets 0000000171285349

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 000000017-576
PBT 0000000104044
Adjustment 00000008-29
Changes in Working Capital 0-00-0-00-02-97-47
Tax Paid 0000000-220
Cash Flow From Investing Activity 0000000-3-8-2
Capex 0000000-3-8-2
Net Investments 0000000000
Others 0000000000
Cash Flow From Financing Activity 0000000-1269-6
Net Proceeds from Shares 000000020520
Net Proceeds from Borrowing 0000000-16-34
Interest Paid 0000000-7-5-10
Dividend Paid 00000000-10
Others 0000000-10261
Net Cash Flow 000000024-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)16.7324.52-70.86104.782.2490.5412.4520.1726.0818.31
ROCE (%)22.116.77-26.4237.9565.2822.1621.4732.1329.2424.14
Asset Turnover Ratio000.621.191.170.850.811.711.250.85
PAT to CFO Conversion(x)NANNANNANNANNANNANNAN2.13-1.90.19
Working Capital Days
Receivable Days00013517607276122221
Inventory Days0000000503951
Payable Days001000015777102

Balu Forge Industries Ltd Stock News

Balu Forge Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Balu Forge Industrie on 28-Mar-2024 16:01 is ₹204.7.
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 28-Mar-2024 16:01 the market cap of Balu Forge Industrie stood at ₹2,098.5.
The latest P/E ratio of Balu Forge Industrie as of 28-Mar-2024 16:01 is 36.18.
The latest P/B ratio of Balu Forge Industrie as of 28-Mar-2024 16:01 is 4.40.
The 52-week high of Balu Forge Industrie is ₹301.0 and the 52-week low is ₹84.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Balu Forge Industrie is ₹359.0 ( Cr.) .

About Balu Forge Industries Ltd

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