Balu Forge Industries Ltd.
•₹ 555.41.58%
2026-08-21
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 29.4%
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.0%
- Operating margins have improved to 26.7% from 15.9%
- Company has consistently been profitable over the last 5 years
CONS
- Promoter holding has decreased over last 2 years: -2.6pp
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.42x)
- Equity base is being diluted - shares outstanding up 34.6%
- Stock is trading at 7.3x its book value
- Though reporting repeated profits, the company pays out little dividend (0.8%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BHARATFORG | 2065.00 | 139.79 | 98725.30 | 0.41 | -89.89 | -131.67 | 4639.94 | 18.71 | 12.46 | 15.05 |
| 2. | HAPPYFORGE | 2305.95 | 66.47 | 21763.26 | 0.17 | 91.46 | 39.24 | 449.42 | 27.03 | 18.19 | 31.34 |
| 3. | RKFORGE | 748.15 | 127.50 | 13629.05 | 0.13 | 46.88 | 297.76 | 1216.67 | 19.84 | 5.56 | 17.91 |
| 4. | BALUFORGE | 537.50 | 24.35 | 6524.81 | 0.00 | 66.09 | 15.89 | 300.72 | 28.95 | 31.33 | 28.19 |
| 5. | MMFL | 655.90 | 18.70 | 3166.79 | 0.61 | 90.42 | 371.26 | 420.48 | 18.71 | 9.00 | 17.82 |
| 6. | KALYANIFRG | 678.75 | 0.00 | 246.93 | 0.59 | 4.48 | 217.73 | 66.80 | 4.16 | 12.26 | 15.89 |
| 7. | GANGAFORGE | 2.26 | 0.00 | 76.16 | 0.00 | 10.58 | 3748.28 | 71.85 | 827.58 | 4.06 | 9.34 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 112 | 139 | 147 | 161 | 175 | 223 | 256 | 270 | 233 | 300 | 311 | 264 | 301 | |
| 90 | 109 | 114 | 127 | 132 | 158 | 188 | 195 | 161 | 217 | 227 | 204 | 224 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 4 | 2 | 4 | 1 | 2 | 10 | 4 | 2 | 3 | 4 | 23 | 4 |
| Interest | 2 | 4 | 4 | 4 | 2 | 3 | 2 | 4 | 2 | 4 | 5 | 5 | 5 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 3 |
| 19 | 30 | 30 | 34 | 42 | 64 | 74 | 74 | 70 | 80 | 81 | 75 | 81 | |
| Tax % | 12.59% | 22.33% | 15.86% | 18.41% | 18.49% | 24.78% | 20.44% | 15.37% | 18.58% | 18.63% | 11.86% | 12.83% | 18.13% |
| Net Profit | 0 | 0 | 0 | 0 | 34 | 48 | 59 | 63 | 57 | 65 | 71 | 66 | 66 |
| 2 | 2 | 3 | 3 | 3 | 5 | 6 | 6 | 5 | 6 | 6 | 6 | 1 | |
| Equity Capital | 83 | 100 | 103 | 103 | 103 | 109 | 109 | 111 | 114 | 114 | 115 | 121 | 121 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 83 | 100 | 103 | 103 | 103 | 109 | 109 | 111 | 114 | 114 | 115 | 121 | 121 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 112
- 90
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 0
- 19
- Tax %
- 12.59%
- Net Profit
- 0
- 2
- Equity Capital
- 83
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 83
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 139
- 109
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 4
- Depreciation
- 0
- 30
- Tax %
- 22.33%
- Net Profit
- 0
- 2
- Equity Capital
- 100
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 100
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 147
- 114
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 4
- Depreciation
- 1
- 30
- Tax %
- 15.86%
- Net Profit
- 0
- 3
- Equity Capital
- 103
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 103
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 161
- 127
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 4
- Depreciation
- 1
- 34
- Tax %
- 18.41%
- Net Profit
- 0
- 3
- Equity Capital
- 103
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 103
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 175
- 132
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 2
- Depreciation
- 1
- 42
- Tax %
- 18.49%
- Net Profit
- 34
- 3
- Equity Capital
- 103
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 103
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 223
- 158
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 3
- Depreciation
- 1
- 64
- Tax %
- 24.78%
- Net Profit
- 48
- 5
- Equity Capital
- 109
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 109
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 256
- 188
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 2
- Depreciation
- 1
- 74
- Tax %
- 20.44%
- Net Profit
- 59
- 6
- Equity Capital
- 109
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 109
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 270
- 195
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 4
- Depreciation
- 1
- 74
- Tax %
- 15.37%
- Net Profit
- 63
- 6
- Equity Capital
- 111
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 111
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 233
- 161
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 2
- Depreciation
- 2
- 70
- Tax %
- 18.58%
- Net Profit
- 57
- 5
- Equity Capital
- 114
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 114
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 300
- 217
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 4
- Depreciation
- 2
- 80
- Tax %
- 18.63%
- Net Profit
- 65
- 6
- Equity Capital
- 114
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 114
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 311
- 227
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 5
- Depreciation
- 3
- 81
- Tax %
- 11.86%
- Net Profit
- 71
- 6
- Equity Capital
- 115
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 115
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 264
- 204
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 5
- Depreciation
- 3
- 75
- Tax %
- 12.83%
- Net Profit
- 66
- 6
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 301
- 224
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 5
- Depreciation
- 3
- 81
- Tax %
- 18.13%
- Net Profit
- 66
- 1
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 142 | 286 | 327 | 560 | 924 | 1,175 | |
| 130 | 249 | 277 | 441 | 677 | 871 | |
| Operating Profit | 17 | 46 | 62 | 129 | 268 | — |
| OPM % | 12 | 16 | 19 | 23 | 29 | — |
| Other Income | 5 | 9 | 13 | 10 | 22 | 35 |
| Interest | 7 | 5 | 11 | 14 | 11 | 19 |
| Depreciation | 1 | 1 | 1 | 2 | 3 | 12 |
| 10 | 39 | 51 | 114 | 254 | 317 | |
| Tax % | 22 | 24 | 23 | 18 | 20 | 15 |
| Net Profit | 8 | 30 | 39 | 93 | 204 | 268 |
| EPS | 2 | 4 | 5 | 9 | 18 | — |
| Dividend Payout % | 0 | 3 | 0 | 2 | 1 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 4 | 5 | 9 | 18 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 4 | 5 | 9 | 18 | — |
Mar 2021
- 142
- 130
- Operating Profit
- 17
- OPM %
- 12
- Other Income
- 5
- Interest
- 7
- Depreciation
- 1
- 10
- Tax %
- 22
- Net Profit
- 8
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2022
- 286
- 249
- Operating Profit
- 46
- OPM %
- 16
- Other Income
- 9
- Interest
- 5
- Depreciation
- 1
- 39
- Tax %
- 24
- Net Profit
- 30
- EPS
- 4
- Dividend Payout %
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2023
- 327
- 277
- Operating Profit
- 62
- OPM %
- 19
- Other Income
- 13
- Interest
- 11
- Depreciation
- 1
- 51
- Tax %
- 23
- Net Profit
- 39
- EPS
- 5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2024
- 560
- 441
- Operating Profit
- 129
- OPM %
- 23
- Other Income
- 10
- Interest
- 14
- Depreciation
- 2
- 114
- Tax %
- 18
- Net Profit
- 93
- EPS
- 9
- Dividend Payout %
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2025
- 924
- 677
- Operating Profit
- 268
- OPM %
- 29
- Other Income
- 22
- Interest
- 11
- Depreciation
- 3
- 254
- Tax %
- 20
- Net Profit
- 204
- EPS
- 18
- Dividend Payout %
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 18
TTM
- 1,175
- 871
- Operating Profit
- —
- OPM %
- —
- Other Income
- 35
- Interest
- 19
- Depreciation
- 12
- 317
- Tax %
- 15
- Net Profit
- 268
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 48%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 90%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -10%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 22%
- 3 Years:
- 25%
- Last Year:
- 27%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - |
| Equity Capital | 69 | 82 | 83 | 103 | 111 |
| 7 | 75 | 114 | 427 | 853 | |
| 14 | 39 | 33 | 16 | 11 | |
| Trade Payables | 48 | 45 | 66 | 81 | 118 |
| 34 | 43 | 72 | 83 | 158 | |
| Total Liabilities | 171 | 284 | 369 | 709 | 1,250 |
| ASSETS | - | - | - | - | - |
| 42 | 42 | 48 | 57 | 183 | |
| Capital Work in Progress | 0 | 7 | 7 | 130 | 417 |
| 20 | 42 | 35 | 89 | 98 | |
| 0 | 0 | 211 | 218 | 327 | |
| Cash & Bank | 3 | 7 | 8 | 91 | 96 |
| 105 | 186 | 60 | 123 | 129 | |
| Total Assets | 171 | 284 | 369 | 709 | 1,250 |
| Total Debt | 24 | 47 | 51 | 49 | 36 |
| Net Working Capital | 47 | 118 | 138 | 359 | 386 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 |
| Book Value per Share | 10.96 | 19.14 | 23.71 | 51.66 | 86.98 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 24 | 47 | 51 | 49 | 36 |
| Net Working Capital | 47 | 118 | 138 | 359 | 386 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 |
| Book Value per Share | 10.96 | 19.14 | 23.71 | 51.66 | 86.98 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2021
- Equity Capital
- 69
- 7
- 14
- Trade Payables
- 48
- 34
- Total Liabilities
- 171
- 42
- Capital Work in Progress
- 0
- 20
- 0
- Cash & Bank
- 3
- 105
- Total Assets
- 171
- Total Debt
- 24
- Net Working Capital
- 47
- Contingent Liabilities
- 0
- Book Value per Share
- 10.96
- Face Value
- 10.00
- Total Debt
- 24
- Net Working Capital
- 47
- Contingent Liabilities
- 0
- Book Value per Share
- 10.96
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 82
- 75
- 39
- Trade Payables
- 45
- 43
- Total Liabilities
- 284
- 42
- Capital Work in Progress
- 7
- 42
- 0
- Cash & Bank
- 7
- 186
- Total Assets
- 284
- Total Debt
- 47
- Net Working Capital
- 118
- Contingent Liabilities
- 0
- Book Value per Share
- 19.14
- Face Value
- 10.00
- Total Debt
- 47
- Net Working Capital
- 118
- Contingent Liabilities
- 0
- Book Value per Share
- 19.14
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 83
- 114
- 33
- Trade Payables
- 66
- 72
- Total Liabilities
- 369
- 48
- Capital Work in Progress
- 7
- 35
- 211
- Cash & Bank
- 8
- 60
- Total Assets
- 369
- Total Debt
- 51
- Net Working Capital
- 138
- Contingent Liabilities
- 0
- Book Value per Share
- 23.71
- Face Value
- 10.00
- Total Debt
- 51
- Net Working Capital
- 138
- Contingent Liabilities
- 0
- Book Value per Share
- 23.71
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 103
- 427
- 16
- Trade Payables
- 81
- 83
- Total Liabilities
- 709
- 57
- Capital Work in Progress
- 130
- 89
- 218
- Cash & Bank
- 91
- 123
- Total Assets
- 709
- Total Debt
- 49
- Net Working Capital
- 359
- Contingent Liabilities
- 0
- Book Value per Share
- 51.66
- Face Value
- 10.00
- Total Debt
- 49
- Net Working Capital
- 359
- Contingent Liabilities
- 0
- Book Value per Share
- 51.66
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 111
- 853
- 11
- Trade Payables
- 118
- 158
- Total Liabilities
- 1,250
- 183
- Capital Work in Progress
- 417
- 98
- 327
- Cash & Bank
- 96
- 129
- Total Assets
- 1,250
- Total Debt
- 36
- Net Working Capital
- 386
- Contingent Liabilities
- 0
- Book Value per Share
- 86.98
- Face Value
- 10.00
- Total Debt
- 36
- Net Working Capital
- 386
- Contingent Liabilities
- 0
- Book Value per Share
- 86.98
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 17 | -58 | 26 | -32 | 148 | |
| Cash from Investing | -3 | -8 | -21 | -134 | -417 |
| Cash from Financing | -12 | 69 | -6 | 249 | 274 |
| 2 | 4 | -1 | 83 | 5 | |
| Free Cash Flow | 17 | -64 | 19 | -166 | -268 |
| OCF / Net Profit | 2.27 | -1.93 | 0.67 | -0.34 | 0.73 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 |
| OCF / Net Profit | 2.27 | -1.93 | 0.67 | -0.34 | 0.73 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 |
Mar 2021
- 17
- Cash from Investing
- -3
- Cash from Financing
- -12
- 2
- Free Cash Flow
- 17
- OCF / Net Profit
- 2.27
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.27
- Cumulative 5-Year FCF
- 0
Mar 2022
- -58
- Cash from Investing
- -8
- Cash from Financing
- 69
- 4
- Free Cash Flow
- -64
- OCF / Net Profit
- -1.93
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.93
- Cumulative 5-Year FCF
- 0
Mar 2023
- 26
- Cash from Investing
- -21
- Cash from Financing
- -6
- -1
- Free Cash Flow
- 19
- OCF / Net Profit
- 0.67
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.67
- Cumulative 5-Year FCF
- 0
Mar 2024
- -32
- Cash from Investing
- -134
- Cash from Financing
- 249
- 83
- Free Cash Flow
- -166
- OCF / Net Profit
- -0.34
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.34
- Cumulative 5-Year FCF
- 0
Mar 2025
- 148
- Cash from Investing
- -417
- Cash from Financing
- 274
- 5
- Free Cash Flow
- -268
- OCF / Net Profit
- 0.73
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.73
- Cumulative 5-Year FCF
- 0
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - |
| EPS (₹) | 1.11 | 3.63 | 4.67 | 9.11 | 18.40 |
| Book Value (₹) | 10.96 | 19.14 | 23.71 | 51.66 | 86.98 |
| Dividend per Share (₹) | 0.00 | 0.10 | 0.00 | 0.15 | 0.15 |
| Cash EPS (₹) | 1.28 | 3.75 | 4.83 | 9.31 | 18.71 |
| PROFITABILITY | - | - | - | - | - |
| Operating Margin % | 11.97% | 15.93% | 15.24% | 21.28% | 26.67% |
| Net Margin % | 5.21% | 10.43% | 11.91% | 16.70% | 22.07% |
| ROE % | 10.13% | 25.64% | 21.91% | 25.70% | 27.30% |
| ROCE % | 16.12% | 28.92% | 26.91% | 29.93% | 31.33% |
| 4.46% | 13.11% | 11.92% | 17.36% | 20.81% | |
| EFFICIENCY | - | - | - | - | - |
| Debtor Days | 152 | 121 | 190 | 140 | 108 |
| Inventory Days | 50 | 40 | 43 | 41 | 37 |
| Payable Days | 157 | 77 | 89 | 71 | 60 |
| 45 | 84 | 144 | 110 | 85 | |
| FINANCIAL HEALTH | - | - | - | - | - |
| Debt to Equity (x) | 0.32x | 0.30x | 0.26x | 0.09x | 0.04x |
| Interest Coverage (x) | 2.47x | 8.47x | 5.80x | 9.33x | 24.18x |
| 1.58x | 2.00x | 1.86x | 3.69x | 3.12x | |
| GROWTH | - | - | - | - | - |
| Revenue Growth % | 0.00% | 101.34% | 14.18% | 71.40% | 64.97% |
| Operating Profit Growth % | 0.00% | 160.58% | 36.96% | 107.22% | 107.37% |
| Net Profit Growth % | 0.00% | 291.72% | 30.39% | 140.26% | 118.04% |
| 0.00% | 0.00% | 28.75% | 95.23% | 101.95% | |
| VALUATION | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 18.80x | 22.45x | 34.68x |
| P/B (x) | 0.00x | 0.00x | 3.70x | 3.96x | 7.34x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.07% | 0.02% |
| 0.00x | 0.00x | 12.41x | 15.90x | 26.13x |
Mar 2021
- EPS (₹)
- 1.11
- Book Value (₹)
- 10.96
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.28
- Operating Margin %
- 11.97%
- Net Margin %
- 5.21%
- ROE %
- 10.13%
- ROCE %
- 16.12%
- 4.46%
- Debtor Days
- 152
- Inventory Days
- 50
- Payable Days
- 157
- 45
- Debt to Equity (x)
- 0.32x
- Interest Coverage (x)
- 2.47x
- 1.58x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 3.63
- Book Value (₹)
- 19.14
- Dividend per Share (₹)
- 0.10
- Cash EPS (₹)
- 3.75
- Operating Margin %
- 15.93%
- Net Margin %
- 10.43%
- ROE %
- 25.64%
- ROCE %
- 28.92%
- 13.11%
- Debtor Days
- 121
- Inventory Days
- 40
- Payable Days
- 77
- 84
- Debt to Equity (x)
- 0.30x
- Interest Coverage (x)
- 8.47x
- 2.00x
- Revenue Growth %
- 101.34%
- Operating Profit Growth %
- 160.58%
- Net Profit Growth %
- 291.72%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 4.67
- Book Value (₹)
- 23.71
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.83
- Operating Margin %
- 15.24%
- Net Margin %
- 11.91%
- ROE %
- 21.91%
- ROCE %
- 26.91%
- 11.92%
- Debtor Days
- 190
- Inventory Days
- 43
- Payable Days
- 89
- 144
- Debt to Equity (x)
- 0.26x
- Interest Coverage (x)
- 5.80x
- 1.86x
- Revenue Growth %
- 14.18%
- Operating Profit Growth %
- 36.96%
- Net Profit Growth %
- 30.39%
- 28.75%
- P/E (x)
- 18.80x
- P/B (x)
- 3.70x
- Dividend Yield %
- 0.00%
- 12.41x
Mar 2024
- EPS (₹)
- 9.11
- Book Value (₹)
- 51.66
- Dividend per Share (₹)
- 0.15
- Cash EPS (₹)
- 9.31
- Operating Margin %
- 21.28%
- Net Margin %
- 16.70%
- ROE %
- 25.70%
- ROCE %
- 29.93%
- 17.36%
- Debtor Days
- 140
- Inventory Days
- 41
- Payable Days
- 71
- 110
- Debt to Equity (x)
- 0.09x
- Interest Coverage (x)
- 9.33x
- 3.69x
- Revenue Growth %
- 71.40%
- Operating Profit Growth %
- 107.22%
- Net Profit Growth %
- 140.26%
- 95.23%
- P/E (x)
- 22.45x
- P/B (x)
- 3.96x
- Dividend Yield %
- 0.07%
- 15.90x
Mar 2025
- EPS (₹)
- 18.40
- Book Value (₹)
- 86.98
- Dividend per Share (₹)
- 0.15
- Cash EPS (₹)
- 18.71
- Operating Margin %
- 26.67%
- Net Margin %
- 22.07%
- ROE %
- 27.30%
- ROCE %
- 31.33%
- 20.81%
- Debtor Days
- 108
- Inventory Days
- 37
- Payable Days
- 60
- 85
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 24.18x
- 3.12x
- Revenue Growth %
- 64.97%
- Operating Profit Growth %
- 107.37%
- Net Profit Growth %
- 118.04%
- 101.95%
- P/E (x)
- 34.68x
- P/B (x)
- 7.34x
- Dividend Yield %
- 0.02%
- 26.13x
Documents
Announcements
- General Updates
2026-08-17 - Balu Forge Industries Limited has informed the Exchange about Press Release regarding receipt of multi month contract for 155mm ERFB BB/BT Shells.
- Monitoring Agency Report
2026-08-14 - Please find enclosed Monitoring Agency Report for the Quarter ended June 30, 2026.
Annual Reports
Credit Ratings
Nothing filed yet.