Nifty
Sensex
:
:
24154.90
77235.46
-132.75 (-0.55%)
-492.70 (-0.63%)

Forgings

Rating :
71/99

BSE: 531112 | NSE: BALUFORGE

542.55
18-Aug-2026
  • Open
  • High
  • Low
  • Previous Close
  •  512.35
  •  549.7
  •  508
  •  513.35
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  4047514
  •  2176286223.35
  •  697
  •  341.05

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 6,576.41
  • 23.29
  • 10
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 6,615.30
  • N/A
  • 3.76

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 53.51%
  • 7.73%
  • 23.89%
  • FII
  • DII
  • Others
  • 5.04%
  • 3.97%
  • 5.86%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 155.75
  • 45.41
  • 41.41

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • -
  • 82.25
  • 37.68

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • -
  • 92.96
  • 73.68

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 32.45
  • 32.45
  • 34.86

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 5.77
  • 5.77
  • 6.18

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 24.94
  • 24.94
  • 27.54

Earnings Forecasts:

(Updated: 15-08-2026)
Description
2026
2027
2028
2029
Adj EPS
57
-7
-
-
P/E Ratio
9.52
-77.51
-
-
Revenue
-
-
-
-
EBITDA
-
-
-
-
Net Income
-
-
-
-
ROA
-
-
-
-
P/B Ratio
-
-
-
-
ROE
-
-
-
-
FCFF
-
-
-
-
FCFF Yield
-
-
-
-
Net Debt
-
-
-
-
BVPS
-
-
-
-

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Jun 26
Jun 25
Var%
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Net Sales
300.72
233.20
28.95%
263.56
269.65
-2.26%
311.11
255.78
21.63%
299.51
222.88
34.38%
Expenses
215.94
160.92
34.19%
203.63
194.67
4.60%
226.57
188.08
20.46%
216.70
157.66
37.45%
EBITDA
84.77
72.27
17.30%
59.92
74.98
-20.09%
84.54
67.70
24.87%
82.81
65.22
26.97%
EBIDTM
28.19%
30.99%
22.74%
27.81%
27.17%
26.47%
27.65%
29.26%
Other Income
3.86
1.68
129.76%
23.47
4.17
462.83%
4.47
9.57
-53.29%
3.29
2.35
40.00%
Interest
4.60
2.23
106.28%
4.78
4.21
13.54%
5.41
2.26
139.38%
4.03
2.94
37.07%
Depreciation
3.31
1.69
95.86%
3.19
0.87
266.67%
2.93
0.85
244.71%
2.15
0.83
159.04%
PBT
80.73
70.04
15.26%
75.42
74.06
1.84%
80.67
74.16
8.78%
79.92
63.80
25.27%
Tax
14.64
13.01
12.53%
9.68
11.38
-14.94%
9.57
15.16
-36.87%
14.88
15.81
-5.88%
PAT
66.09
57.03
15.89%
65.74
62.69
4.87%
71.09
59.00
20.49%
65.04
47.99
35.53%
PATM
21.98%
24.45%
24.94%
23.25%
22.85%
23.07%
21.71%
21.53%
EPS
5.44
5.00
8.80%
5.42
5.66
-4.24%
6.18
5.39
14.66%
5.71
4.39
30.07%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated
Description
TTM
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Net Sales
1,174.90
923.62
559.86
326.64
286.08
142.09
Net Sales Growth
19.70%
64.97%
71.40%
14.18%
101.34%
 
Cost Of Goods Sold
756.97
602.64
376.32
226.80
220.28
110.73
Gross Profit
417.93
320.97
183.54
99.84
65.81
31.36
GP Margin
35.57%
34.75%
32.78%
30.57%
23.00%
22.07%
Total Expenditure
862.84
677.31
440.74
276.86
249.03
129.84
Power & Fuel Cost
-
0.20
0.24
0.00
0.00
0.00
% Of Sales
-
0.02%
0.04%
0%
0%
0%
Employee Cost
-
21.33
12.31
6.83
4.45
3.21
% Of Sales
-
2.31%
2.20%
2.09%
1.56%
2.26%
Manufacturing Exp.
-
2.40
2.90
1.21
0.38
2.29
% Of Sales
-
0.26%
0.52%
0.37%
0.13%
1.61%
General & Admin Exp.
-
19.40
13.58
11.55
9.77
7.60
% Of Sales
-
2.10%
2.43%
3.54%
3.42%
5.35%
Selling & Distn. Exp.
-
28.54
24.40
15.99
13.07
5.66
% Of Sales
-
3.09%
4.36%
4.90%
4.57%
3.98%
Miscellaneous Exp.
-
2.80
11.00
14.48
1.08
0.37
% Of Sales
-
0.30%
1.96%
4.43%
0.38%
0.26%
EBITDA
312.04
246.31
119.12
49.78
37.05
12.25
EBITDA Margin
26.56%
26.67%
21.28%
15.24%
12.95%
8.62%
Other Income
35.09
21.94
10.23
12.65
8.53
5.25
Interest
18.82
10.96
13.64
10.53
5.23
6.61
Depreciation
11.58
3.35
2.05
1.33
1.05
1.14
PBT
316.74
253.94
113.66
50.57
39.29
9.74
Tax
48.77
50.09
20.17
11.65
9.24
2.12
Tax Rate
15.40%
19.73%
17.75%
23.04%
23.64%
21.77%
PAT
267.96
203.86
93.49
38.91
29.84
7.62
PAT before Minority Interest
267.96
203.86
93.49
38.91
29.84
7.62
Minority Interest
0.00
0.00
0.00
0.00
0.00
0.00
PAT Margin
22.81%
22.07%
16.70%
11.91%
10.43%
5.36%
PAT Growth
18.20%
118.06%
140.27%
30.40%
291.60%
 
EPS
22.39
17.03
7.81
3.25
2.49
0.64

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Shareholder's Funds
1,053.22
552.96
197.63
158.63
77.51
Share Capital
110.77
102.59
83.36
82.31
68.61
Total Reserves
852.67
427.42
114.27
75.26
6.60
Non-Current Liabilities
15.56
22.00
10.42
8.71
12.00
Secured Loans
16.06
24.84
11.69
7.43
10.35
Unsecured Loans
0.00
0.00
0.00
0.00
0.00
Long Term Provisions
1.19
0.93
0.82
0.75
0.65
Current Liabilities
181.73
133.73
160.60
117.10
81.25
Trade Payables
118.01
80.58
65.50
45.22
47.56
Other Current Liabilities
20.44
20.84
50.01
25.37
26.55
Short Term Borrowings
11.20
15.53
33.43
37.75
7.00
Short Term Provisions
32.07
16.78
11.65
8.77
0.15
Total Liabilities
1,250.51
708.69
368.65
284.44
170.76
Net Block
182.99
56.75
48.30
42.36
42.41
Gross Block
190.16
60.98
50.47
43.61
43.56
Accumulated Depreciation
7.16
4.22
2.17
1.25
1.14
Non Current Assets
682.82
215.69
69.78
49.82
42.59
Capital Work in Progress
417.11
130.27
6.67
6.67
0.00
Non Current Investment
0.00
0.00
0.00
0.00
0.00
Long Term Loans & Adv.
82.72
28.66
14.81
0.79
0.18
Other Non Current Assets
0.00
0.00
0.00
0.00
0.00
Current Assets
567.68
493.00
298.86
234.62
128.17
Current Investments
0.00
0.00
0.00
0.00
0.00
Inventories
98.09
89.47
34.82
42.33
19.94
Sundry Debtors
327.27
218.50
210.52
128.96
60.73
Cash & Bank
96.21
90.87
7.90
7.12
3.06
Other Current Assets
46.11
3.20
13.27
8.88
44.45
Short Term Loans & Adv.
42.36
90.96
32.35
47.33
36.95
Net Current Assets
385.95
359.27
138.26
117.52
46.92
Total Assets
1,250.50
708.69
368.64
284.44
170.76

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Cash From Operating Activity
148.24
-31.73
26.16
-57.74
17.33
PBT
253.94
113.84
50.57
39.09
9.74
Adjustment
-38.41
-7.44
10.37
-2.44
7.68
Changes in Working Capital
-32.17
-121.28
-35.03
-96.47
2.03
Cash after chg. in Working capital
183.36
-14.88
25.91
-59.82
19.45
Interest Paid
0.00
0.00
0.00
0.00
0.00
Tax Paid
-35.12
-16.85
0.25
2.09
-2.12
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-416.63
-134.11
-21.25
-7.67
-3.23
Net Fixed Assets
-415.86
-133.69
-1.36
-6.72
Net Investments
0.00
0.02
0.00
-0.32
Others
-0.77
-0.44
-19.89
-0.63
Cash from Financing Activity
273.52
248.64
-5.68
68.96
-11.85
Net Cash Inflow / Outflow
5.14
82.79
-0.77
3.55
2.24
Opening Cash & Equivalents
87.94
5.15
5.92
2.37
0.13
Closing Cash & Equivalent
93.08
87.94
5.15
5.92
2.37

Financial Ratios

Standalone /

Consolidated
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Book Value (Rs.)
86.98
51.66
23.71
19.14
10.96
ROA
20.81%
17.36%
11.92%
13.11%
4.46%
ROE
27.30%
25.70%
21.91%
25.64%
10.13%
ROCE
31.33%
29.93%
26.91%
28.92%
16.12%
Fixed Asset Turnover
7.36
10.05
6.94
6.56
3.35
Receivable days
107.84
139.85
189.67
121.01
151.71
Inventory Days
37.06
40.52
43.10
39.72
49.80
Payable days
60.14
70.85
89.10
76.87
156.78
Cash Conversion Cycle
84.76
109.52
143.68
83.85
44.73
Total Debt/Equity
0.04
0.09
0.26
0.30
0.32
Interest Cover
24.18
9.33
5.80
8.47
2.47

News Update:


  • Balu Forge bags purchase order from Alpha Aircraft Systems
    26th May 2026, 16:12 PM

    This order marks the company’s official foray into the global aerospace industry

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.