Balu Forge Industries Limited

NSE: BALUFORGE BSE: 531112 SECTOR: Capital Goods - Industrial Products

502 5(1%)

Volume

6L as on 22, Jan

Open

411

High

414

Low

396

497

VWAP

403

52 Week High

784

52 Week Low

341

Viand Research Rating

Quality Score

00/00

Growth Score

00/00

Valuation Score

00/00

Momentum Score

00/00

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

5,905

No. of Shares

11.5

P/E

111.81

P/B

17.39

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

15.55

ROCE

Profit Growth

Listing Date

29-Apr-24

Promoter Holding

54.87%

FII Holding

7.94%

DII Holding

0.8%

Price Chart

Price Performance

1 Week13%

1 Month37%

3 Months36%

6 Months39%

1 Year39%

YTD34%

Moving Average

5 Day SMA422

10 Day SMA444

20 Day SMA518

30 Day SMA557

50 Day SMA583

61 Day SMA590

80 Day SMA600

200 Day SMA624

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	447	409	435	454
Resistance 2	435	407	424	438
Resistance 1	418	404	417	425
Pivot Point	406	402	406	410
Support 1	390	399	395	396
Support 2	378	396	389	381
Support 3	361	394	378	368

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	Div Yld %
1	BEL	3,08,692	422	1%	5%	1%	9%	53	0	0	0
2	HAL	2,96,709	4437	2%	4%	2%	12%	29	0	0	0
3	CUMMINSIND	1,68,233	6069	3%	3%	23%	82%	65	0	0	0
4	POWERINDIA	1,66,834	37430	8%	12%	62%	108%	133	0	0	0
5	ABB	1,52,892	7215	8%	7%	31%	13%	80	0	0	0
6	CGPOWER	1,47,573	937	7%	7%	28%	27%	97	0	0	0
7	BHEL	1,47,291	423	4%	24%	44%	61%	409	0	0	0
8	POLYCAB	1,45,471	9662	5%	20%	28%	61%	41	0	0	0
9	TMCV	1,42,138	386	2%	9%	19%	17%	0	0	0	0
10	SIEMENS	1,38,812	3898	4%	3%	11%	12%	66	0	0	0
Load More

Shareholding Pattern (%)

	Dec 2025	Sep 2025	Jun 2025	Apr 2025	Mar 2025	Dec 2024	Sep 2024	Jul 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021
Promoters	(0.01) 54.87%	(0.01) 54.85%	(-0.91) 54.85%	(0.51) 55.78%	(0.51) 55.25%	(0.01) 54.71%	(-2.41) 54.71%	(1.01) 57.06%	(0.01) 56.07%	(0.01) 56.07%	(-1.41) 56.07%	(-7.91) 57.47%	(0.01) 65.41%	(0.01) 65.41%	(0.01) 65.41%	(0.01) 65.41%	(-0.81) 65.41%	(1.61) 66.24%	(0.01) 64.62%
FIIs	(-0.41) 7.94%	(0.11) 8.33%	(1.21) 8.20%	(-0.11) 6.98%	(0.11) 7.07%	(-3.51) 6.93%	(2.11) 10.43%	(-0.21) 8.32%	(-1.21) 8.51%	(0.91) 9.71%	(2.31) 8.77%	(0.91) 6.48%	(-2.11) 5.55%	(-3.91) 7.67%	(0.01) 11.59%	(0.01) 11.59%	(-0.21) 11.59%	(-0.21) 11.74%	(0.01) 11.98%
DIIs	(0.01) 0.80%	(0.01) 0.83%	(-0.21) 0.86%	(0.01) 1.06%	(0.11) 1.07%	(0.01) 0.97%	(-0.51) 0.93%	(0.01) 1.40%	(-0.51) 1.43%	(-0.11) 1.88%	(-0.11) 1.95%	(2.01) 2.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%	(0.01) 0.00%
Government	4.06%	4.06%	4.06%	4.13%	4.17%	4.23%	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%
Public	32.34%	31.93%	32.03%	32.06%	32.43%	33.16%	33.93%	33.23%	33.99%	32.34%	33.21%	34.05%	29.05%	26.92%	23.01%	23.00%	23.01%	22.02%	23.40%
No. of Shareholders	70,445	72,351	77,243	73,283	73,283	66,310	50,955	29,419	29,419	23,723	18,054	13,798	12,129	7,806	6,478	5,986	3,904	3,209	2,647

Quarterly Results

	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	311	300	233	270	256	223	175	161	147	139	112	124	89	62	53	82	81	74	48
Expenses	227	217	161	195	188	158	132	127	114	109	90	103	72	57	45	72	69	65	43
Operating Profit	85	83	72	75	68	65	43	34	33	30	22	21	18	5	8	10	12	9	6
OPM %	27	28	31	28	26	29	25	21	22	22	19	17	20	8	15	12	15	12	11
Other Income	4	3	2	4	10	2	1	4	2	4	0	1	3	5	3	5	1	1	2
Interest	5	4	2	4	2	3	2	4	4	4	2	4	3	3	2	2	1	1	2
Depreciation	3	2	2	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0
Profit before tax	81	80	70	74	74	64	42	35	30	30	19	17	17	7	9	13	11	9	5
Tax %	12	19	19	15	20	25	18	18	16	22	13	12	33	34	17	20	26	23	28
Net Profit	71	65	57	63	59	48	34	28	25	23	17	15	11	5	7	11	8	7	4
EPS in Rs	6.18	5.71	5	5.73	5.39	4.39	3.33	2.76	2.46	2.32	2	1.83	1.37	0.58	0.89	1.29	1.12	0.95	0.52

Profit and Loss

	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Sales	924	560	327	286	142
Expenses	673	441	277	249	130
Operating Profit	251	119	50	37	12
OPM %	27	21	15	13	9
Other Income	17	10	13	8	5
Interest	11	14	11	5	7
Depreciation	3	2	1	1	1
Profit before tax	254	114	51	39	10
Tax %	20	18	23	24	22
Net Profit	204	93	39	30	8
EPS in Rs	18.63	9.11	4.67	3.63	1.11
Dividend Payout %	1	2	0	3	0

Cash Flows

	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Cash from Operating Activity	148	-32	26	-58	17
Cash from Investing Activity	-417	-134	-21	-8	-3
Cash from Financing Activity	274	249	-6	69	-12
Net Cash Flow	5	83	-1	4	2

Balance Sheet

	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Equity Capital	114	111	109	103	83	82	69
Reserves	1135	942	804	450	114	76	9
Borrowings	82	40	59	49	52	47	26
Other Liabilities	194	159	138	111	121	78	68
Total Liabilities	1524	1252	1110	712	371	284	171
Fixed Assets	436	183	83	57	48	42	42
CWIP	351	417	284	130	7	7	0
Investments	0	0	0	0	0	0	0
Other Assets	737	652	743	525	316	235	129
Total Assets	1524	1252	1110	712	371	284	171

Delivery

#	Date	385 48% 570	Value (Cr)	Q/T 40	Del 44	Del 23
1	27-May	504	66	34	48	32
2	26-May	497	165	35	26	43
3	25-May	467	34	25	59	20
4	22-May	476	11	26	61	7
5	21-May	482	20	29	36	7
6	20-May	473	8	24	40	3
7	19-May	469	12	22	45	5
8	18-May	466	20	25	43	9
9	15-May	478	15	29	48	7
10	14-May	492	22	29	40	9
11	13-May	504	25	25	40	10
12	12-May	496	33	27	50	17
13	11-May	529	35	30	37	13
14	8-May	550	20	28	50	10
15	7-May	558	28	35	44	13
16	6-May	559	35	32	40	14
17	5-May	558	32	29	41	13
18	4-May	561	68	34	42	28
19	30-Apr	541	103	41	36	37
20	29-Apr	513	100	39	35	35
21	28-Apr	498	36	33	39	14
22	27-Apr	483	29	34	42	12
23	24-Apr	460	12	32	45	5
24	23-Apr	471	13	33	42	5
25	22-Apr	479	17	31	37	6
26	21-Apr	475	14	29	41	6
27	20-Apr	471	14	30	48	7
28	17-Apr	486	22	40	47	10
29	16-Apr	485	20	35	38	8
30	15-Apr	475	20	34	42	8
31	13-Apr	455	23	34	38	9
32	10-Apr	467	18	35	42	7
33	9-Apr	469	20	33	32	6
34	8-Apr	481	33	33	39	13
35	7-Apr	450	24	50	36	9
36	6-Apr	439	24	48	34	8
37	2-Apr	430	27	40	35	9
38	1-Apr	425	26	58	33	9
39	30-Mar	386	29	46	44	13
40	27-Mar	409	36	45	47	17
41	25-Mar	432	23	50	53	12
42	24-Mar	427	24	51	48	11
43	23-Mar	413	26	51	55	14
44	20-Mar	438	17	48	43	7

Daily Market Cap

Date	Total Market Cap	Change	Chg %
28-May	5,905c	47c	0.80
27-May	5,858c	51c	0.88
26-May	5,806c	278c	5.03
25-May	5,528c	49c	0.88
22-May	5,577c	8c	0.14
21-May	5,585c	127c	2.32
20-May	5,459c	55c	1.02
19-May	5,404c	114c	2.15
18-May	5,290c	207c	3.77
15-May	5,497c	173c	3.04
14-May	5,669c	92c	1.60
12-May	5,761c	368c	6.00
11-May	6,129c	288c	4.48
07-May	6,417c	61c	0.96
06-May	6,356c	75c	1.17
05-May	6,431c	63c	0.97
04-May	6,494c	547c	9.19
30-Apr	5,947c	25c	0.43
29-Apr	5,922c	190c	3.31
28-Apr	5,732c	418c	7.87
24-Apr	5,314c	209c	3.79
23-Apr	5,524c	62c	1.13
22-Apr	5,462c	2c	0.04
21-Apr	5,460c	162c	2.88
17-Apr	5,622c	128c	2.32
15-Apr	5,494c	0	0

Stock Checklist

Price is below from 52 week high low average: 27%

Stock is trading above all short term SMAs: NO

Stock is trading above all long term SMAs: NO

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: NO

Promoters are buying the stock: YES

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