BALUFORGE · NSE
Balu Forge Industries Limited
₹522.15
+4.10% (+₹20.55)
Prev. close
₹501.6
Volume
10,43,655
Delivery %
48.4%
As of
18 Sept 2026
Price history
No analyst calls on this stock in the last 90 days yet.
Explore by date range →Analyst opinions
Fundamentals
About Balu Forge Industries Limited
Balu Forge Industries Limited manufactures and sells crankshafts in India and internationally. It offers bombshell, stainless steel flanges, valve components, stub ends, forged hydraulic fittings, railway wheels, axles, wheel sets, swan necks, flange balls, tow bar, sorting, snap, shank, ramshorn lifting hooks, hub, brake flange, disc, caliper, rotor, track, body and piston brakes, front axle beams, steering knuckles, control arm, fork, steering, drive shafts, input and output shafts, main shafts, yokes, track shoe, track link, track roller, carries roller, sprocket, track chain, idler, turbine blade, and empty shells. The company serves the agriculture tractor and harvester; defense; oil and gas pump and compressor; heavy duty truck, bus, and trailer automotive; generator industrial, standby home backup, and portable; refrigeration compressor industrial; railway; aerospace; marine; locomotive; off road and on road motorcycle, cart, and jet ski; racing; earth-moving equipment; gensets; wind energy; and e-mobility industries. Balu Forge Industries Limited is based in Mumbai, India.
Details
Sector
Industrials
Industry
Metal Fabrication
CEO
Mr. Jaspalsingh Prehladsingh Chandock
Headquarters
Mumbai
Employees
179
Website
baluindustries.comExchange
View on NSE ↗Key stats
Market cap
₹6,338.48 Cr
P/E ratio (TTM)
21.5
Dividend yield
0.03%
EPS (TTM)
₹24.33
Beta (1Y · daily vs NIFTY 50)
1.59
Shares float
4.07 Cr
EPS · quarter ended Jun 2026
₹5.49
Financial Performance
01 · Financials
The first plotted growth figure is computed against Mar 2022 revenue as filed with BSE; the two sources' revenue definitions differ by 1.2% on Mar 2023. FY23 growth needs FY22 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| — | ₹286.08 Cr | ₹322.88 Cr | ₹559.86 Cr | ₹923.62 Cr | ₹1,107.37 Cr | |
| EBITDA | — | ₹45.58 Cr | ₹60.39 Cr | ₹124.47 Cr | ₹264.35 Cr | ₹326.85 Cr |
| — | ₹29.84 Cr | ₹38.91 Cr | ₹93.49 Cr | ₹203.86 Cr | ₹258.89 Cr | |
| Diluted EPS | — | ₹3.61 | ₹4.67 | ₹9.74 | ₹18.38 | ₹23.9 |
Revenue, Total expenses (as filed), Employee benefit expense, Depreciation & amortisation, Other expenses, EBITDA, Net income, Tax provision, Other income, Diluted EPS have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹171.00 Cr | ₹284.00 Cr | ₹371.00 Cr | ₹712.00 Cr | ₹1,252.00 Cr | ₹1,851.00 Cr | |
| ₹26.00 Cr | ₹47.39 Cr | ₹51.87 Cr | ₹48.79 Cr | ₹39.78 Cr | ₹151.87 Cr | |
| Stockholders' equity | ₹78.00 Cr | ₹158.00 Cr | ₹197.00 Cr | ₹553.00 Cr | ₹1,053.00 Cr | ₹1,594.00 Cr |
CWIP, Others have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹17.00 Cr | ₹-58.00 Cr | ₹26.00 Cr | ₹-32.00 Cr | ₹148.00 Cr | ₹32.00 Cr | |
| Investing cash flow | — | — | ₹-21.25 Cr | ₹-134.11 Cr | ₹-415.62 Cr | ₹-353.96 Cr |
| ₹-12.00 Cr | ₹69.00 Cr | ₹-6.00 Cr | ₹249.00 Cr | ₹274.00 Cr | ₹315.00 Cr | |
| Capital expenditure | — | — | ₹-21.25 Cr | ₹-134.11 Cr | ₹-415.42 Cr | ₹-207.04 Cr |
| End cash position | — | — | ₹5.15 Cr | ₹87.94 Cr | ₹93.08 Cr | ₹85.66 Cr |
Depreciation & amortization, Investing cash flow, Dividends paid, Capital expenditure, End cash position have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Apr 24–Jun 24(2Q) | Jul 24 | Sep 24–Dec 24(3Q) | Mar 25–Mar 25(2Q) | Apr 25 | May 25–Sep 25(3Q) | Dec 25 | Dec 25 | Feb 26 | Feb 26 | Mar 26 | Mar 26 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 56.07% | 57.06% | 54.71% | 55.25% | 55.78% | 54.85% | 54.37% | 54.87% | 53.92% | 53.17% | 53.51% | 53.99% | 54.39% | 53.51% |
| Public | 43.93% | 42.94% | 45.29% | 44.75% | 44.22% | 45.15% | 45.63% | 45.13% | 46.08% | 46.83% | 46.49% | 46.01% | 45.61% | 46.49% |
| Employee trusts | 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% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Industrials
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Larsen & Toubro Limited | ₹5.24 L Cr | ₹3,836.2 | 31.6 | 4.79 | 14.7% | 1.15 | +11.8% | +4.1% |
| Adani Ports and Special Economic Zone Limited | ₹4.00 L Cr | ₹1,824 | 29.4 | 4.17 | 13.3% | 0.66 | +27.1% | +29.1% |
| Hindustan Aeronautics Limited | ₹3.20 L Cr | ₹4,800.3 | 34.3 | 7.80 | 22.2% | 0.00 | +5.6% | -1.2% |
| Bharat Electronics Limited | ₹2.82 L Cr | ₹395.45 | 46.0 | 11.75 | 25.3% | 0.00 | +15.9% | -4.1% |
| InterGlobe Aviation Limited | ₹1.87 L Cr | ₹4,920 | — | 26.87 | -34.3% | 11.15 | +6.6% | -13.9% |
| ABB India Limited | ₹1.51 L Cr | ₹7,270.5 | 95.5 | 19.28 | 21.3% | 0.01 | +8.1% | +33.7% |
| Bharat Heavy Electricals Limited | ₹1.43 L Cr | ₹429.2 | 58.8 | 5.47 | 6.1% | 0.31 | +18.3% | +83.2% |
| Hitachi Energy India Limited | ₹1.39 L Cr | ₹32,700 | 121.7 | 26.89 | 19.1% | 0.02 | +27.2% | +68.7% |
| Cummins India Limited | ₹1.39 L Cr | ₹5,099.5 | 57.8 | 16.42 | 27.9% | 0.00 | +16.9% | +24.3% |
| CG Power and Industrial Solutions Limited | ₹1.39 L Cr | ₹892 | 107.6 | 17.39 | 15.1% | 0.01 | +25.1% | +13.7% |
| Siemens Limited | ₹1.33 L Cr | ₹3,763.5 | 78.8 | 10.07 | 15.9% | 0.01 | +16.2% | +13.3% |
| Balu Forge Industries Limited | ₹6,089.02 Cr | ₹522.15 | 20.6 | 3.82 | 16.2% | 0.10 | +19.2% | -21.8% |
Ranked by market cap within Industrials, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 21
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
8 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
Dividend stocks alert, record date: Last chance to buy Cochin Shipyard, Anupam Rasayan, Balu Forge, and others | List
Balu Forge Industries Limited is among over 80 companies that have set upcoming dividend record dates for September 18 and 19. Investors must own the stock before the record date to be eligible for the final dividend of Rs. 0.15. Thursday, September 17, is effectively the last day to purchase shares for those with a September 18 record date.
Dividend stocks this week, record date: Hindustan Copper, Cochin Shipyard, Balu Forge, IRCON, Karnataka Bank and more
Balu Forge Industries Limited was not mentioned in the provided article content. The article lists several companies, including Hindustan Copper and Cochin Shipyard, that have set dividend record dates between September 14 and 18. Over 180 stocks are scheduled to trade ex-dividend this week.