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Nifty
Sensex

:
:

23270.60
74314.59

53.00 (0.23%)
-21.86 (-0.03%)

Balu Forge Industries Ltd.

Forgings

Rating :

61/99

BSE: 531112 | NSE: BALUFORGE

Watchlist

NSE BSE

501.60

17-Sep-2026

Open
High
Low
Previous Close

484
504.7
477.35
483.25

Volume
Traded Value (lacs)
52 Week High
52 Week Low

836714
414949628
692
341.05

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

6,088.41
21.91
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

6,126.13
0.03%
3.54

Chart

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

Revenue CAGR (%)

10 Years
5 Years
3 Years

136.16
31.09
25.53

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
51.67
20.08

PAT CAGR (%)

10 Years
5 Years
3 Years

134.86
54.05
40.43

P:E (Median)

8 Years
5 Years
3 Years

32.16
32.16
34.31

P:BV (Average)

8 Years
5 Years
3 Years

5.74
5.74
6.15

EV:EBITDA (Average)

8 Years
5 Years
3 Years

24.84
24.84
27.34

Earnings Forecasts:

(Updated: 12-09-2026)

Description 2026 2027 2028 2029
Adj EPS 57 -7 - -
P/E Ratio 8.80 -71.66 - -
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 175.01 150.00 16.67% 159.31 157.50 1.15% 171.20 160.61 6.59% 166.91 157.38 6.06%
Expenses 117.62 101.26 16.16% 120.32 106.96 12.49% 119.34 112.15 6.41% 113.73 108.54 4.78%
EBITDA 57.39 48.75 17.72% 38.99 50.54 -22.85% 51.86 48.45 7.04% 53.18 48.84 8.89%
EBIDTM 32.79% 32.50% 24.47% 32.09% 30.29% 30.17% 31.86% 31.03%
Other Income 2.77 2.06 34.47% 23.55 4.34 442.63% 4.38 9.41 -53.45% 3.30 2.50 32.00%
Interest 4.59 2.22 106.76% 4.78 4.25 12.47% 5.36 2.25 138.22% 4.02 2.93 37.20%
Depreciation 3.14 1.53 105.23% 3.03 0.76 298.68% 2.77 0.69 301.45% 1.99 0.68 192.65%
PBT 52.43 47.06 11.41% 54.73 49.87 9.75% 48.11 54.91 -12.38% 50.46 47.73 5.72%
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 37.79 34.04 11.02% 45.05 38.50 17.01% 38.54 39.76 -3.07% 35.58 31.92 11.47%
PATM 21.59% 22.70% 28.28% 24.44% 22.51% 24.75% 21.32% 20.28%
EPS 3.16 2.84 11.27% 3.76 3.22 16.77% 3.22 3.32 -3.01% 2.97 2.67 11.24%

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

Right to Left

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Net Sales 672.43 647.42 598.48 388.08 269.06 285.06 142.09 0.20 0.18 0.20 0.12 Net Sales Growth 7.50% 8.18% 54.22% 44.24% -5.61% 100.62% 70945.00% 11.11% -10.0% 66.67% Cost Of Goods Sold 397.81 386.72 366.12 245.07 183.12 219.52 110.73 0.00 0.00 0.00 0.00 Gross Profit 274.62 260.71 232.37 143.01 85.94 65.54 31.36 0.20 0.18 0.20 0.12 GP Margin 40.84% 40.27% 38.83% 36.85% 31.94% 22.99% 22.07% 100% 100% 100% 100% Total Expenditure 471.01 456.80 423.60 296.30 226.55 247.42 129.84 0.14 0.13 0.11 0.16 Power & Fuel Cost - 0.43 0.06 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 % Of Sales - 0.07% 0.01% 0.02% 0% 0% 0% 0% 0% 0% 0% Employee Cost - 12.07 11.64 6.62 4.88 4.45 3.21 0.04 0.02 0.01 0.02 % Of Sales - 1.86% 1.94% 1.71% 1.81% 1.56% 2.26% 20.0% 11.11% 5.00% 16.67% Manufacturing Exp. - 0.11 2.40 2.90 1.21 0.38 2.29 0.00 0.00 0.00 0.01 % Of Sales - 0.02% 0.40% 0.75% 0.45% 0.13% 1.61% 0% 0% 0% 8.33% General & Admin Exp. - 21.40 15.52 10.49 9.15 8.96 7.60 0.08 0.09 0.09 0.12 % Of Sales - 3.31% 2.59% 2.70% 3.40% 3.14% 5.35% 40.0% 50.0% 45.00% 100% Selling & Distn. Exp. - 15.31 25.14 21.35 12.81 13.03 5.66 0.00 0.00 0.01 0.00 % Of Sales - 2.36% 4.20% 5.50% 4.76% 4.57% 3.98% 0% 0% 5.00% 0% Miscellaneous Exp. - 20.77 2.74 9.81 15.38 1.08 0.37 0.01 0.02 0.00 0.00 % Of Sales - 3.21% 0.46% 2.53% 5.72% 0.38% 0.26% 5.00% 11.11% 0% 8.33% EBITDA 201.42 190.62 174.88 91.78 42.51 37.64 12.25 0.06 0.05 0.09 -0.04 EBITDA Margin 29.95% 29.44% 29.22% 23.65% 15.80% 13.20% 8.62% 30.0% 27.78% 45.00% -33.33% Other Income 34.00 35.49 23.20 10.63 12.81 8.53 5.25 0.01 0.00 0.00 0.08 Interest 18.75 16.43 10.97 13.61 10.48 5.23 6.61 0.00 0.00 0.00 0.00 Depreciation 10.93 9.32 2.79 1.48 1.19 1.05 1.14 0.00 0.00 0.00 0.00 PBT 205.73 200.36 184.32 87.32 43.65 39.88 9.74 0.07 0.05 0.09 0.03 Tax 48.77 47.16 50.09 20.17 11.65 9.24 2.12 0.03 -0.14 0.02 0.00 Tax Rate 23.71% 23.54% 27.18% 23.10% 26.69% 23.29% 21.77% 42.86% -280.00% 22.22% 0.00% PAT 156.96 153.21 134.23 67.14 31.99 30.44 7.62 0.04 0.19 0.07 0.03 PAT before Minority Interest 156.96 153.21 134.23 67.14 31.99 30.44 7.62 0.04 0.19 0.07 0.03 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 23.34% 23.66% 22.43% 17.30% 11.89% 10.68% 5.36% 20.0% 105.56% 35.00% 25.00% PAT Growth 8.83% 14.14% 99.93% 109.88% 5.09% 299.48% 18,950.00% -78.95% 171.43% 133.33% EPS 13.11 12.80 11.21 5.61 2.67 2.54 0.64 0.00 0.02 0.01 0.00

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Net Sales 1,174.90 1,107.37 923.62 559.86 326.64 286.08 142.09 Net Sales Growth 19.70% 19.89% 64.97% 71.40% 14.18% 101.34% Cost Of Goods Sold 756.97 709.56 602.64 376.32 226.80 220.28 110.73 Gross Profit 417.93 397.81 320.97 183.54 99.84 65.81 31.36 GP Margin 35.57% 35.92% 34.75% 32.78% 30.57% 23.00% 22.07% Total Expenditure 862.84 810.03 677.31 440.74 276.86 249.03 129.84 Power & Fuel Cost - 0.52 0.20 0.24 0.00 0.00 0.00 % Of Sales - 0.05% 0.02% 0.04% 0% 0% 0% Employee Cost - 31.05 21.33 12.31 6.83 4.45 3.21 % Of Sales - 2.80% 2.31% 2.20% 2.09% 1.56% 2.26% Manufacturing Exp. - 0.11 2.40 2.90 1.21 0.38 2.29 % Of Sales - 0.01% 0.26% 0.52% 0.37% 0.13% 1.61% General & Admin Exp. - 28.06 19.40 13.58 11.55 9.77 7.60 % Of Sales - 2.53% 2.10% 2.43% 3.54% 3.42% 5.35% Selling & Distn. Exp. - 19.94 28.54 24.40 15.99 13.07 5.66 % Of Sales - 1.80% 3.09% 4.36% 4.90% 4.57% 3.98% Miscellaneous Exp. - 20.79 2.80 11.00 14.48 1.08 0.37 % Of Sales - 1.88% 0.30% 1.96% 4.43% 0.38% 0.26% EBITDA 312.04 297.34 246.31 119.12 49.78 37.05 12.25 EBITDA Margin 26.56% 26.85% 26.67% 21.28% 15.24% 12.95% 8.62% Other Income 35.09 35.12 21.94 10.23 12.65 8.53 5.25 Interest 18.82 16.45 10.96 13.64 10.53 5.23 6.61 Depreciation 11.58 9.96 3.35 2.05 1.33 1.05 1.14 PBT 316.74 306.05 253.94 113.66 50.57 39.29 9.74 Tax 48.77 47.16 50.09 20.17 11.65 9.24 2.12 Tax Rate 15.40% 15.41% 19.73% 17.75% 23.04% 23.64% 21.77% PAT 267.96 258.89 203.86 93.49 38.91 29.84 7.62 PAT before Minority Interest 267.96 258.89 203.86 93.49 38.91 29.84 7.62 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 22.81% 23.38% 22.07% 16.70% 11.91% 10.43% 5.36% PAT Growth 18.20% 26.99% 118.06% 140.27% 30.40% 291.60% EPS 22.39 21.63 17.03 7.81 3.25 2.49 0.64

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Shareholder's Funds 1,369.73 948.87 520.11 191.32 159.24 77.51 0.35 0.30 0.11 0.05 Share Capital 121.39 110.77 102.59 83.36 82.31 68.61 0.35 0.35 0.35 0.35 Total Reserves 1,248.34 748.32 394.57 107.96 75.87 6.60 0.00 -0.05 -0.24 -0.30 Non-Current Liabilities 30.10 15.56 22.00 10.42 8.71 12.00 -0.12 -0.14 0.05 0.05 Secured Loans 10.72 16.06 24.84 11.69 7.43 10.35 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.05 Long Term Provisions 1.20 1.19 0.93 0.82 0.75 0.65 0.00 0.00 0.00 0.00 Current Liabilities 211.09 174.51 129.30 147.48 116.95 81.25 0.07 0.05 0.05 0.02 Trade Payables 52.40 112.06 79.06 57.36 45.08 47.56 0.00 0.00 0.00 0.00 Other Current Liabilities 18.41 19.17 17.93 45.03 25.36 26.55 0.07 0.03 0.03 0.02 Short Term Borrowings 107.92 11.20 15.53 33.43 37.75 7.00 0.00 0.00 0.00 0.00 Short Term Provisions 32.37 32.07 16.78 11.65 8.77 0.15 0.00 0.03 0.02 0.00 Total Liabilities 1,610.92 1,138.94 671.41 349.22 284.90 170.76 0.30 0.21 0.21 0.12 Net Block 541.95 178.17 51.54 42.93 42.36 42.41 0.00 0.00 0.03 0.03 Gross Block 557.18 184.08 55.06 44.97 43.61 43.56 0.00 0.00 0.06 0.06 Accumulated Depreciation 15.23 5.91 3.52 2.04 1.25 1.14 0.00 0.00 0.03 0.03 Non Current Assets 992.89 647.82 237.74 64.74 50.14 42.59 0.11 0.00 0.03 0.03 Capital Work in Progress 273.71 417.11 130.27 6.67 6.67 0.00 0.00 0.00 0.00 0.00 Non Current Investment 0.31 0.30 0.30 0.32 0.32 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 176.92 52.25 55.62 14.81 0.79 0.18 0.11 0.00 0.00 0.00 Other Non Current Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Current Assets 618.03 491.11 433.67 284.47 234.75 128.17 0.18 0.21 0.19 0.09 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 112.57 73.22 80.82 33.71 40.80 19.94 0.00 0.00 0.00 0.00 Sundry Debtors 339.08 267.25 190.58 195.91 130.23 60.73 0.04 0.00 0.15 0.04 Cash & Bank 87.82 95.77 90.40 7.60 7.07 3.06 0.13 0.17 0.01 0.03 Other Current Assets 78.56 26.69 2.65 13.04 56.66 44.45 0.02 0.04 0.03 0.02 Short Term Loans & Adv. 16.85 28.17 69.21 34.21 48.70 36.95 0.01 0.04 0.03 0.02 Net Current Assets 406.94 316.60 304.36 137.00 117.80 46.92 0.12 0.16 0.14 0.07 Total Assets 1,610.92 1,138.93 671.41 349.21 284.89 170.76 0.29 0.21 0.22 0.12

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Shareholder's Funds 1,594.52 1,053.22 552.96 197.63 158.63 77.51 Share Capital 121.39 110.77 102.59 83.36 82.31 68.61 Total Reserves 1,473.13 852.67 427.42 114.27 75.26 6.60 Non-Current Liabilities 30.10 19.42 22.00 10.42 8.71 12.00 Secured Loans 10.72 16.06 24.84 11.69 7.43 10.35 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 1.20 1.19 0.93 0.82 0.75 0.65 Current Liabilities 224.09 177.86 133.73 160.60 117.10 81.25 Trade Payables 63.07 118.01 80.58 65.50 45.22 47.56 Other Current Liabilities 20.74 16.58 20.84 50.01 25.37 26.55 Short Term Borrowings 107.92 11.20 15.53 33.43 37.75 7.00 Short Term Provisions 32.37 32.07 16.78 11.65 8.77 0.15 Total Liabilities 1,848.71 1,250.50 708.69 368.65 284.44 170.76 Net Block 546.59 182.99 56.75 48.30 42.36 42.41 Gross Block 563.71 190.16 60.98 50.47 43.61 43.56 Accumulated Depreciation 17.12 7.16 4.22 2.17 1.25 1.14 Non Current Assets 1,054.87 682.82 215.69 69.78 49.82 42.59 Capital Work in Progress 277.31 417.11 130.27 6.67 6.67 0.00 Non Current Investment 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 230.96 82.72 28.66 14.81 0.79 0.18 Other Non Current Assets 0.00 0.00 0.00 0.00 0.00 0.00 Current Assets 793.84 567.68 493.00 298.86 234.62 128.17 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 145.28 98.09 89.47 34.82 42.33 19.94 Sundry Debtors 425.10 327.27 218.50 210.52 128.96 60.73 Cash & Bank 89.00 96.21 90.87 7.90 7.12 3.06 Other Current Assets 134.46 26.69 3.20 13.27 56.21 44.45 Short Term Loans & Adv. 72.75 19.42 90.96 32.35 47.33 36.95 Net Current Assets 569.75 389.82 359.27 138.26 117.52 46.92 Total Assets 1,848.71 1,250.50 708.69 368.64 284.44 170.76

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Cash From Operating Activity -12.73 140.94 8.37 20.37 -57.47 17.33 0.04 0.21 -0.02 -0.01 PBT 153.21 134.23 87.32 43.65 39.68 9.74 0.07 0.05 0.09 0.03 Adjustment 89.14 55.45 -0.80 9.25 -2.43 7.68 -0.01 0.02 0.00 0.00 Changes in Working Capital -241.32 -13.62 -61.30 -32.77 -96.80 2.03 -0.01 0.15 -0.10 -0.05 Cash after chg. in Working capital 1.02 176.06 25.22 20.12 -59.55 19.45 0.05 0.21 -0.01 -0.01 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -13.75 -35.12 -16.85 0.25 2.09 -2.12 -0.01 -0.01 -0.02 0.00 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -332.79 -408.52 -174.41 -15.76 -7.67 -3.23 0.00 0.01 0.00 0.00 Net Fixed Assets -229.70 -415.86 -133.69 -1.36 -6.72 -43.56 0.00 0.06 0.00 0.00 Net Investments -0.01 0.00 0.02 0.00 -0.32 0.00 0.00 0.00 0.00 0.00 Others -103.08 7.34 -40.74 -14.40 -0.63 40.33 0.00 -0.05 0.00 0.00 Cash from Financing Activity 337.37 272.74 248.67 -5.63 68.64 -11.85 -0.09 -0.05 0.00 0.00 Net Cash Inflow / Outflow -8.16 5.17 82.62 -1.02 3.50 2.24 -0.05 0.17 -0.02 -0.01 Opening Cash & Equivalents 92.64 87.47 4.84 5.87 2.37 0.13 0.17 0.01 0.03 0.04 Closing Cash & Equivalent 84.48 92.64 87.47 4.84 5.87 2.37 0.13 0.17 0.01 0.03

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Cash From Operating Activity 31.70 148.00 -31.73 26.16 -57.74 17.33 PBT 306.05 253.94 113.84 50.57 39.09 9.74 Adjustment 43.74 11.68 -7.44 10.37 -2.44 7.68 Changes in Working Capital -304.34 -82.50 -121.28 -35.03 -96.47 2.03 Cash after chg. in Working capital 45.45 183.12 -14.88 25.91 -59.82 19.45 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -13.75 -35.12 -16.85 0.25 2.09 -2.12 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -353.96 -415.62 -134.11 -21.25 -7.67 -3.23 Net Fixed Assets -229.70 -415.86 -133.69 -1.36 -6.72 Net Investments -0.01 0.00 0.02 0.00 -0.32 Others -124.25 0.24 -0.44 -19.89 -0.63 Cash from Financing Activity 314.84 272.75 248.64 -5.68 68.96 -11.85 Net Cash Inflow / Outflow -7.42 5.14 82.79 -0.77 3.55 2.24 Opening Cash & Equivalents 93.08 87.94 5.15 5.92 2.37 0.13 Closing Cash & Equivalent 85.66 93.08 87.94 5.15 5.92 2.37

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Book Value (Rs.) 112.84 77.56 48.46 22.95 19.22 10.96 9.93 8.70 3.28 1.45 ROA 11.14% 14.83% 13.16% 10.09% 13.36% 8.91% 16.15% 88.43% 40.03% 34.49% ROE 13.75% 19.79% 19.51% 18.31% 26.08% 20.17% 12.45% 90.54% 82.24% 104.70% ROCE 17.47% 25.14% 24.87% 24.14% 29.24% 32.13% 21.47% 22.16% 65.28% 37.95% Fixed Asset Turnover 1.75 5.01 7.76 6.08 6.54 3.35 0.00 0.00 3.44 2.07 Receivable days 170.92 139.61 181.75 221.22 122.25 75.90 72.25 0.00 176.21 135.35 Inventory Days 52.37 46.97 53.86 50.54 38.88 49.80 0.00 0.00 0.00 0.00 Payable days 77.61 95.27 101.59 102.10 77.02 156.78 0.00 0.00 6.12 5.05 Cash Conversion Cycle 145.68 91.32 134.02 169.66 84.12 -31.07 72.25 0.00 170.09 130.31 Total Debt/Equity 0.09 0.04 0.10 0.27 0.29 0.32 0.00 0.00 0.44 0.99 Interest Cover 13.20 17.80 7.42 5.17 8.59 2.47 0.00 0.00 401.28 0.00

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Book Value (Rs.) 131.35 86.98 51.66 23.71 19.14 10.96 ROA 16.71% 20.81% 17.36% 11.92% 13.11% 4.46% ROE 20.24% 27.30% 25.70% 21.91% 25.64% 10.13% ROCE 22.95% 31.33% 29.93% 26.91% 28.92% 16.12% Fixed Asset Turnover 2.94 7.36 10.05 6.94 6.56 3.35 Receivable days 123.99 107.84 139.85 189.67 121.01 151.71 Inventory Days 40.11 37.06 40.52 43.10 39.72 49.80 Payable days 46.57 60.14 70.85 89.10 76.87 156.78 Cash Conversion Cycle 117.53 84.76 109.52 143.68 83.85 44.73 Total Debt/Equity 0.08 0.04 0.09 0.26 0.30 0.32 Interest Cover 19.60 24.18 9.33 5.80 8.47 2.47

Top Investors:

enforcement directorate raipur

ebisu global opportunities fund limited

ashish kacholia

hitesh natwarlal kawa

bengal finance and investment pvt ltd

nova global opportunities fund pcc - touchstone

Annual Reports:

News Update:

Balu Forge Industries acquires ring rolling production line
3rd Sep 2026, 12:58 PM

This strategic acquisition represents a paradigm shift for Balu Forge Industries and the Indian manufacturing ecosystem
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.

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