Balu Forge Industries Share Price

448.752.50 (0.57%)

Closed
As On: 19 Jun, 2026, 03:54 PM IST
As On: 19 Jun, 2026, 03:40 PM IST

Sector: Engineering
Industry: Engineering - Othe...

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Open	447.00
High	451.65
Low	442.50
Prev Close	446.25
Volume	3,32,080
VWAP(₹)	447.82

Share Price	Value
Today/Current/Last	448.75450.00
Previous Day	446.25446.65

Balu Forge Ind Share Recommendations

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News & Analysis

From multibaggers to laggards: 12 FY25 stars plunge up to 55% in FY26
News
Balu Forge Industries shares hit 10% upper circuit. Here’s what’s behind the surge
News
Smallcap bloodbath: 10 stocks tumble up to 40% in first month of 2026. Do you own any?
News
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Announcements

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Share Analysis

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Financials

Income (P&L)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	287.03	315.58	302.80	234.88	273.81
Total Income Growth (%)	-9.05	4.22	28.92	-14.22	3.19
Total Expenses	206.83	229.50	218.85	162.61	195.54
Total Expenses Growth (%)	-9.88	4.86	34.59	-16.84	3.50
EBIT	80.20	86.08	83.95	72.27	78.27
EBIT Growth (%)	-6.82	2.54	16.16	-7.67	2.43
Profit after Tax (PAT)	65.74	71.09	65.04	57.03	62.69
PAT Growth (%)	-7.53	9.31	14.04	-9.03	6.24
EBIT Margin (%)	27.94	27.28	27.72	30.77	28.59
Net Profit Margin (%)	22.90	22.53	21.48	24.28	22.89
Basic EPS (₹)	6.35	6.41	6.08	5.04	5.74

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	182.86	175.59	170.20	152.07	161.84
Total Income Growth (%)	4.14	3.16	11.93	-6.04	-4.81
Total Expenses	123.35	122.11	115.72	102.79	107.72
Total Expenses Growth (%)	1.02	5.52	12.58	-4.58	-4.54
EBIT	59.51	53.48	54.48	49.28	54.12
EBIT Growth (%)	11.29	-1.85	10.56	-8.95	-5.33
Profit after Tax (PAT)	45.05	38.54	35.58	34.04	38.50
PAT Growth (%)	16.88	8.33	4.51	-11.57	-3.17
EBIT Margin (%)	32.54	30.46	32.01	32.40	33.44
Net Profit Margin (%)	24.63	21.95	20.90	22.39	23.79
Basic EPS (₹)	3.85	3.37	3.12	3.01	3.51

	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenue	1,140.29	940.76	570.27	339.28	294.61
Total Revenue Growth (%)	21.21	64.97	68.08	15.17	99.96
Total Expenses	834.24	686.82	456.43	288.72	255.32
Total Expenses Growth (%)	21.46	50.48	58.09	13.08	85.56
Profit after Tax (PAT)	258.89	203.86	93.67	38.91	29.84
PAT Growth (%)	27.00	117.62	140.73	30.39	291.72
Operating Profit Margin (%)	29.12	28.68	22.77	18.70	15.56
Net Profit Margin (%)	23.37	22.07	16.73	11.91	10.43
Basic EPS (₹)	23.90	19.24	9.80	4.67	4.05

	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenue	680.72	615.91	398.71	281.87	293.58
Total Revenue Growth (%)	10.52	54.48	41.45	-3.99	99.27
Total Expenses	480.35	431.59	311.39	238.22	253.70
Total Expenses Growth (%)	11.30	38.60	30.72	-6.10	84.38
Profit after Tax (PAT)	153.21	134.23	67.15	31.99	30.44
PAT Growth (%)	14.14	99.91	109.87	5.11	299.53
Operating Profit Margin (%)	33.48	32.63	22.88	20.11	15.82
Net Profit Margin (%)	23.66	22.42	17.30	11.89	10.67
Basic EPS (₹)	13.38	12.55	7.02	3.84	4.09

All figures in Rs Cr, unless mentioned otherwise

Insights

Employee & Interest Expense
Company has spent 1.49% of its operating revenues towards interest expenses and 3.18% towards employee cost in the year ending Mar 31, 2026. (Source: Consolidated Financials)

View Details

Balance Sheet

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Assets	1,850.78	1,252.19	712.46	370.76	284.43
Total Assets Growth (%)	47.80	75.76	92.16	30.35	65.98
Total Liabilities	256.26	198.97	159.50	173.13	125.81
Total Liabilities Growth (%)	28.79	24.75	-7.87	37.61	34.05
Total Equity	1,594.52	1,053.22	552.96	197.63	158.63
Total Equity Growth (%)	51.40	90.47	179.80	24.59	104.65
Current Ratio (x)	3.54	3.12	3.69	1.86	2.00
Total Debt to Equity (x)	0.08	0.03	0.09	0.26	0.29
Contingent Liabilities	0.00	25.69	55.00	14.28	-

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Assets	1,612.99	1,140.62	675.19	351.33	284.89
Total Assets Growth (%)	41.41	68.93	92.18	23.32	24.63
Total Liabilities	243.26	191.76	155.07	160.01	125.66
Total Liabilities Growth (%)	26.86	23.66	-3.09	27.34	-16.83
Total Equity	1,369.73	948.87	520.11	191.32	159.24
Total Equity Growth (%)	44.35	82.44	171.85	20.15	105.44
Current Ratio (x)	2.93	2.81	3.35	1.93	2.01
Total Debt to Equity (x)	0.09	0.04	0.09	0.27	0.29
Contingent Liabilities	0.00	25.69	55.00	14.28	-

All figures in Rs Cr, unless mentioned otherwise

View Details

Cash Flows

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Net Cash flow from Operating Activities	31.70	148.24	-17.97	12.17	-57.74
Net Cash used in Investing Activities	-353.96	-416.63	-147.87	-7.26	-7.67
Net Cash flow from Financing Activities	314.84	273.52	248.64	-5.68	68.96
Net Cash Flow	-7.42	5.14	82.79	-0.77	3.55
Closing Cash & Cash Equivalent	85.66	93.08	87.94	5.15	5.92
Closing Cash & Cash Equivalent Growth (%)	-7.97	5.84	1,609.10	-13.05	149.94
Total Debt/ CFO (x)	4.00	0.24	-2.71	4.22	-0.81

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Net Cash flow from Operating Activities	-15.93	148.11	8.37	6.37	-57.47
Net Cash used in Investing Activities	-332.79	-416.45	-174.41	-1.77	-7.67
Net Cash flow from Financing Activities	340.56	273.51	248.67	-5.63	68.64
Net Cash Flow	-8.16	5.17	82.62	-1.02	3.50
Closing Cash & Cash Equivalent	84.48	92.64	87.47	4.84	5.87
Closing Cash & Cash Equivalent Growth (%)	-8.81	5.91	1,705.78	-17.45	147.85
Total Debt/ CFO (x)	-7.95	0.24	5.83	8.06	-0.81

All figures in Rs Cr, unless mentioned otherwise

Insights

Cash from Operations vs PAT
Operating cash flow of Rs 31.7 cr is 0.12 times compared to the reported net profit of Rs 258.89 cr. (Source: Consolidated Financials)
Decrease in Cash from Investing
Company has used Rs 353.96 cr for investing activities which is an YoY decrease of 15.04%. (Source: Consolidated Financials)

View Details

Ratios

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Return on Equity (%)	16.23	19.35	16.94	19.68	18.81
Return on Capital Employed (%)	19.82	24.74	22.02	29.07	26.60
Return on Assets (%)	13.98	16.27	13.14	10.49	10.49
Interest Coverage Ratio (x)	20.20	24.48	9.50	5.93	8.71
Asset Turnover Ratio (x)	0.71	0.94	1.03	1.00	1.25
Price to Earnings (x)	18.12	34.72	22.42	18.83	32.89
Price to Book (x)	2.94	6.71	3.80	3.70	6.18
EV/EBITDA (x)	14.22	26.13	15.88	12.41	22.36
EBITDA Margin (%)	30.02	29.04	23.13	19.11	15.93

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Return on Equity (%)	11.18	14.14	12.90	16.72	19.11
Return on Capital Employed (%)	15.46	20.21	16.26	26.55	26.86
Return on Assets (%)	9.49	11.76	9.94	9.10	10.68
Interest Coverage Ratio (x)	13.76	18.06	69.11	5.28	8.83
Asset Turnover Ratio (x)	0.47	0.66	0.76	0.85	1.11
Price to Earnings (x)	30.67	52.91	31.35	22.88	32.26
Price to Book (x)	3.42	7.45	4.03	3.82	6.15
EV/EBITDA (x)	20.91	35.39	20.08	14.01	22.07
EBITDA Margin (%)	34.92	33.09	26.38	20.56	16.19

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Peer Comparison

Ratio Performance

NAME	P/E (x)	P/B (x)	ROE %	ROCE %	ROA %	Rev CAGR [3Yr]	OPM	NPM	Basic EPS	Current Ratio	Total Debt/ Equity (x)	Total Debt/ CFO (x)
Balu Forge Ind	19.93	3.24	16.23	19.82	13.98	49.19	29.12	23.37	23.90	3.54	0.08	4.00
Harsha Engineers Int	25.29	2.80	11.07	14.20	7.50	6.05	14.23	9.54	17.05	2.60	0.26	5.41
National Standard	259.86	8.90	3.42	4.70	3.39	12.56	65.03	47.30	4.83	96.91	0.00	0.00
Sika Interplant	63.15	14.86	23.42	30.63	20.80	50.22	23.30	17.25	3.69	3.42	0.00	0.00
Algoquant Fintech	49.91	12.41	24.83	17.63	12.13	155.58	20.61	14.18	1.19	0.00	0.23	0.51
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Annual Ratios (%)

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Stock Performance

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TABLE

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NAME	1D	1W	1M	3M	1Y	3Y	5Y
Balu Forge Ind Stock Performance	0.57	-8.87	-5.48	-8.81	-29.66	0.00	0.00
Harsha Engineers Int Stock Performance	-0.74	7.48	9.53	13.49	12.96	-5.00	0.00
National Standard Stock Performance	-3.23	4.74	-13.53	0.00	0.00	0.00	0.00
Sika Interplant Stock Performance	10.37	16.38	11.12	0.00	0.00	0.00	0.00
Algoquant Fintech Stock Performance	-1.17	-3.76	8.29	2.19	0.00	0.00	0.00
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Category	No. of Shares	Percentage	% Change QoQ
Promoters	6,25,45,074	54.39 %	-0.47
Pledge	8,75,000	1.40 %	1.40
FII	69,27,466	6.03 %	-1.90
DII	10,22,545	0.89 %	0.08
MF	1,28,147	0.11 %	-0.03
Others	4,44,96,815	38.69 %	2.28

Category	Mar 2026	Dec 2025	Sep 2025	Jun 2025
Promoters	54.39	54.87	54.85	54.85
Pledge	1.40	0.00	0.00	0.00
FII	6.03	7.93	8.33	8.20
DII	0.89	0.80	0.83	0.86
Mutual Funds	0.11	0.14	0.13	0.13
Others	38.69	36.40	35.98	36.09

Mutual Funds Ownership

MF Ownership as on 31 May 2026

Motilal Oswal Nifty Microcap 250 Index Direct-G
Equity: Small Cap
- 5.76
  Amount Invested (in Cr.)
- 0.24%
  % of AUM
- -2.81
  % Change (MoM basis)
Groww Nifty Total Market Index Direct-G
Equity: Flexi Cap
- 0.04
  Amount Invested (in Cr.)
- 0.01010298%
  % of AUM
- 2.04
  % Change (MoM basis)
Motilal Oswal BSE 1000 Index Direct-G
Equity: Flexi Cap
- 0.01
  Amount Invested (in Cr.)
- 0.01%
  % of AUM
- 2.24
  % Change (MoM basis)

View all Mutual Fund Schemes

Corporate Actions

Recent
Board Meeting
Audited Results
May 25, 2026
Board Meeting
Quarterly Results
Feb 06, 2026
Board Meeting
Quarterly Results
Nov 06, 2025

Board Meetings

Announced on	Meeting on
May 25, 2026	May 30, 2026
Audited Results
Feb 06, 2026	Feb 12, 2026
Quarterly Results
Nov 06, 2025	Nov 14, 2025
Quarterly Results
Jul 31, 2025	Aug 07, 2025
Quarterly Results & Others
May 12, 2025	May 14, 2025
Audited Results & Final Dividend

Dividends
Announced on Ex-Date Dividend%
May 14, 2025 Sep 19, 2025 1%
Jul 30, 2024 Sep 20, 2024 1%
Nov 02, 2021 Nov 17, 2021 1%
Sep 30, 2002 - 0%
Bonus
No Data Available
Splits
No Data Available
Rights
No Data Available
AGM/EGM Meetings
Announced on Meeting on
Sep 10, 2025 Sep 29, 2025
-
Mar 24, 2025 Apr 25, 2025
-
Sep 13, 2024 Sep 30, 2024
A.G.M.
Aug 02, 2024 Aug 09, 2024
-
Sep 04, 2023 Sep 27, 2023
A.G.M.

Announced on	Ex-Date	Dividend%
May 14, 2025	Sep 19, 2025	1%
Jul 30, 2024	Sep 20, 2024	1%
Nov 02, 2021	Nov 17, 2021	1%
Sep 30, 2002	-	0%

Announced on	Meeting on
Sep 10, 2025	Sep 29, 2025
-
Mar 24, 2025	Apr 25, 2025
-
Sep 13, 2024	Sep 30, 2024
A.G.M.
Aug 02, 2024	Aug 09, 2024
-
Sep 04, 2023	Sep 27, 2023
A.G.M.

About Balu Forge Ind

Balu Forge Industries Ltd., incorporated in the year 1989, is a Small Cap company (having a market cap of Rs 5,160.26 Crore) operating in Engineering sector.

Balu Forge Industries Ltd. key Products/Revenue Segments include Steel Forgings, Export Incentives for the year ending 31-Mar-2025.

For the quarter ended 31-03-2026, the company has reported a Consolidated Total Income of Rs 287.03 Crore, down 9.05 % from last quarter Total Income of Rs 315.58 Crore and up 4.83 % from last year same quarter Total Income of Rs 273.81 Crore. Company has reported net profit after tax of Rs 65.74 Crore in latest quarter.

The company’s top management includes Mr.Jaspalsingh Chandock, Mr.Jaikaran Jaspalsingh Chandock, Mr.Trimaan Jaspalsingh Chandock, Mr.Radheshyam Soni, Mr.Raghavendra Raj Mehta, Ms.Shalu Bhandari, Mr.Amit Todkari, Ms.Tabassum Begum. Company has M B Agrawal & Co. as its auditors. As on 31-03-2026, the company has a total of 11.50 Crore shares outstanding.

Balu Forge Ind Share Price Today is Rs. 448.75. On previous day, the Balu Forge Ind Share Price (NSE) closed at Rs. 446.25, featuring among the most traded securities on the National Stock Exchange.

Shareholdings:
As of 31st Mar, 2026, the promoter held 54.39% of the stake in Balu Forge Ind shares, out of which 1.4% was pledged. On the same date, foreign institutional investors' (FII) holdings of Balu Forge Ind stocks was 6.03% as compared to 7.94% in Dec 2025 with decrease of 1.91%. The domestic institutional investors (DII) holdings on 31st Mar, 2026 was 0.89% as compared to 0.8% in Dec 2025 with increase of 0.09%. Out of the total DII holdings in Balu Forge Ind shares 0.11% was held by mutual funds. The rest including public held is 38.69%. Balu Forge Ind stock price is reflected on both the exchanges - BSE and NSE.

Dividend, Bonus & Split Information:
Balu Forge Ind Dividend: Ever since 1989, Balu Forge Ind dividends has been paid out around 4 times. As on 19 Jun, 2026, 03:54 PM IST, The overall dividend yield for Balu Forge Ind stands at 0.0%. The last dividend paid was on September 19, 2025 (Rs. 0.15). The Earnings Per Share (EPS) for quarter ending 31st Mar 2026 is Rs. 22.51.

Balu Forge Ind Bonus: The most recent bonus issue had been in year null around 0 years ago at 0 : 0 ratio. The first bonus issue was announced in null.

Stock Forecast:
After showing 287.03 Cr. of sales and 9.05% of quarterly net loss, there have been multiple ups and downs in the Balu Forge Ind stock prices in the past few weeks. For example, Balu Forge Ind stock price on 12th of June 2026 was around Rs. 448.8. Balu Forge Ind share price now stands at an average of Rs. 448.75. Judging by last week's performance, stock is in down trend.

Balu Forge Ind has a median target price of Rs. 0.0 in 12 months by 0 analysts. They have provided a high estimate of Rs. 0.0 and low estimate of Rs. 0.0 for Balu Forge Ind share.

Historical Prices and Performance:
Balu Forge Ind, incorporated in 1989 is a Small Cap company (with a market cap of Rs. 5160.26) operating in Engineering sector.
The Return of Equity (ROE) in last five financial years given by Balu Forge Ind stock was 16.23%, 19.35%, 16.94%, 19.68% and 18.81% respectively.
The Balu Forge Ind share gave a 3 year return of 23.53% as compared to Nifty 50 which gave a return of 56.21%.
Balu Forge Ind announced 1.5% final dividend on September 19, 2025.

Key Metrics:
PE Ratio of Balu Forge Ind is 19.82
Prices/Sales Ratio of Balu Forge Ind is 4.23
Price/Book Ratio of Balu Forge Ind is 3.22

Peer Insights:
Peers are businesses with comparable activities, buisness objectives and affiliation with a particular industry area. For Balu Forge Ind, major competitors and peers include Harsha Engineers Int, National Standard, Sika Interplant and Algoquant Fintech. As of Dec 2025, the dividend yield of Balu Forge Ind stands at 0.0% while Harsha Engineers Int, National Standard, Sika Interplant and Algoquant Fintech stand at 0.0%, 0.0%, 0.32% and 0.0% respectively. The PE ratio and PB Ratio of the company are among its competitors stand at 19.82 and 3.22 respectively.

Leadership of Balu Forge Ind :
Tabassum Begum is Co. Secretary & Compl. Officer
Amit Todkari is Chief Financial Officer
Jaspalsingh Chandock is Chairman & Managing Director
Trimaan Jaspalsingh Chandock is Executive Director
Jaikaran Jaspalsingh Chandock is Executive Director
Radheshyam Soni is Independent Director
Shalu Bhandari is Independent Director
Raghavendra Raj Mehta is Independent Director

Industry

Engineering - Others

Key Indices Listed On

BSE SmallCap, BSE Industrials, BSE AllCap, Nifty Smallcap 500, Nifty Microcap 250

Address

506, 5th Floor, Imperial Palace,45 Telly Park Road,Mumbai, Maharashtra - 400069

Contact

compliance@baluindustries.com

http://www.baluindustries.com

PE Ratio(x)	19.93
EPS - TTM(₹)	22.51
MCap(₹ Cr.)	5,160.26
MCap Rank	39
PB Ratio(x)	3.22
Div Yield(%)	-
Face Value(₹)	10.00
52W High(₹)	719.00
52W Low(₹)	341.05
MCap/Sales	4.23
Beta(1 Month)	-
BV/Share(₹)	138.66

PE Ratio(x)	19.99
EPS - TTM(₹)	22.51
MCap(₹ Cr.)	5,174.64
MCap Rank	38
PB Ratio(x)	3.22
Div Yield(%)	-
Face Value(₹)	10.00
52W High(₹)	722.00
52W Low(₹)	341.35
MCap/Sales	4.23
Beta(1 Month)	-
BV/Share(₹)	138.66

1 Day	0.57%
1 Month	-4.41%
3 Months	2.51%
1 Year	-27.41%
3 Years	N.A.
5 Years	N.A.

1 Day	0.75%
1 Month	-4.25%
3 Months	2.85%
1 Year	-27.13%
3 Years	191.55%
5 Years	91.08%

R1	-	Pivot -	S1	-
R2	-		S2	-
R3	-		S3	-

Balu Forge Industries Share Price

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