Nifty
Sensex
:
:
25571.25
82814.71
116.90 (0.46%)
316.57 (0.38%)

Forgings

Rating :
73/99

BSE: 531112 | NSE: BALUFORGE

492.10
20-Feb-2026
  • Open
  • High
  • Low
  • Previous Close
  •  484
  •  495.15
  •  480.5
  •  484.00
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  405719
  •  198737056.3
  •  784
  •  341.05

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 5,705.64
  • 22.30
  • 10
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 5,731.84
  • 0.03%
  • 4.10

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 54.87%
  • 9.51%
  • 20.22%
  • FII
  • DII
  • Others
  • 7.94%
  • 4.20%
  • 3.26%

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
  • 34.63
  • 34.63
  • 36.18

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 6.08
  • 6.08
  • 6.42

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 26.04
  • 26.04
  • 27.74

Earnings Forecasts:

(Updated: 14-02-2026)
Description
2024
2025
2026
2027
Adj EPS
19.24
P/E Ratio
25.58
Revenue
906.42
EBITDA
251.11
Net Income
203.86
ROA
20.75
P/B Ratio
5.18
ROE
25.38
FCFF
-279.14
FCFF Yield
-4.87
Net Debt
-60.3
BVPS
95.08

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Jun 25
Jun 24
Var%
Mar 25
Mar 24
Var%
Net Sales
311.11
255.78
21.63%
299.51
222.88
34.38%
233.20
175.31
33.02%
269.65
161.17
67.31%
Expenses
226.57
188.08
20.46%
216.70
157.66
37.45%
160.92
132.10
21.82%
194.67
126.79
53.54%
EBITDA
84.54
67.70
24.87%
82.81
65.22
26.97%
72.27
43.20
67.29%
74.98
34.38
118.09%
EBIDTM
27.17%
26.47%
27.65%
29.26%
30.99%
24.64%
27.81%
21.33%
Other Income
4.47
9.57
-53.29%
3.29
2.35
40.00%
1.68
1.06
58.49%
4.17
4.20
-0.71%
Interest
5.41
2.26
139.38%
4.03
2.94
37.07%
2.23
1.55
43.87%
4.21
3.53
19.26%
Depreciation
2.93
0.85
244.71%
2.15
0.83
159.04%
1.69
0.80
111.25%
0.87
0.62
40.32%
PBT
80.67
74.16
8.78%
79.92
63.80
25.27%
70.04
41.91
67.12%
74.06
34.43
115.10%
Tax
9.57
15.16
-36.87%
14.88
15.81
-5.88%
13.01
7.75
67.87%
11.38
6.34
79.50%
PAT
71.09
59.00
20.49%
65.04
47.99
35.53%
57.03
34.17
66.90%
62.69
28.10
123.10%
PATM
22.85%
23.07%
21.71%
21.53%
24.45%
19.49%
23.25%
17.43%
EPS
6.18
5.39
14.66%
5.71
4.39
30.07%
5.00
3.33
50.15%
5.66
2.74
106.57%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated
Description
TTM
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Net Sales
1,113.47
923.62
559.86
326.64
286.08
142.09
Net Sales Growth
36.60%
64.97%
71.40%
14.18%
101.34%
 
Cost Of Goods Sold
715.10
602.64
376.32
226.80
220.28
110.73
Gross Profit
398.37
320.97
183.54
99.84
65.81
31.36
GP Margin
35.78%
34.75%
32.78%
30.57%
23.00%
22.07%
Total Expenditure
798.86
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
314.60
246.31
119.12
49.78
37.05
12.25
EBITDA Margin
28.25%
26.67%
21.28%
15.24%
12.95%
8.62%
Other Income
13.61
21.94
10.23
12.65
8.53
5.25
Interest
15.88
10.96
13.64
10.53
5.23
6.61
Depreciation
7.64
3.35
2.05
1.33
1.05
1.14
PBT
304.69
253.94
113.66
50.57
39.29
9.74
Tax
48.84
50.09
20.17
11.65
9.24
2.12
Tax Rate
16.03%
19.73%
17.75%
23.04%
23.64%
21.77%
PAT
255.85
203.86
93.49
38.91
29.84
7.62
PAT before Minority Interest
255.85
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
22.98%
22.07%
16.70%
11.91%
10.43%
5.36%
PAT Growth
51.16%
118.06%
140.27%
30.40%
291.60%
 
EPS
22.44
17.88
8.20
3.41
2.62
0.67

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 inducted into NATO supply chain for high-precision defence components
    29th Jan 2026, 14:10 PM

    This onboarding marks a pivotal expansion of the company’s global footprint and a diversification of its high margin revenue streams

    Read More
  • Balu Forge Industries commences operations of empty shell production line
    10th Dec 2025, 15:00 PM

    The line with an annual production capacity of 3,60,000 shells has an advanced forging and machining line for large calibre ammunition projectiles

    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.