Balu Forge Industries Limited

Web: baluindustries.com NSE: BALUFORGE BSE: 531112 SECTOR: Capital Goods - Industrial Products | Add Note | View Notes

566 5(-1%)

Volume

7L as on 24, Jun

Open

411

High

414

Low

396

570

VWAP

473

52 Week High

697

52 Week Low

341

Viand Research Rating

Quality Score

61/100

Growth Score

90/100

Valuation Score

50/100

Momentum Score

45/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

6,865

No. of Shares

12.1

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

53.51%

FII Holding

5.04%

DII Holding

0.95%

Price Chart

Price Performance

1 Week6%

1 Month1%

3 Months11%

6 Months23%

1 Year28%

YTD21%

Moving Average

5 Day SMA459

10 Day SMA452

20 Day SMA460

30 Day SMA467

50 Day SMA482

61 Day SMA474

80 Day SMA467

200 Day SMA624

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	522	481	505	526
Resistance 2	505	478	492	507
Resistance 1	488	474	484	491
Pivot Point	471	471	471	472
Support 1	454	468	457	457
Support 2	436	465	449	438
Support 3	419	462	436	422

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HAL	3,29,158	4922	3%	2%	21%	7%	31	94	0	9116
2	BEL	2,98,458	405	1%	4%	10%	10%	49	94	0	6062
3	TMCV	1,68,152	457	3%	2%	8%	40%	0	94	0.44	3030
4	ABB	1,57,098	7414	1%	2%	24%	44%	93	94	0.02	1668
5	BHEL	1,50,199	431	0%	5%	65%	105%	409	94	0.31	1600
6	SIEMENS	1,41,882	3984	2%	3%	21%	28%	66	94	0.02	2754
7	CGPOWER	1,41,050	895	0%	8%	26%	21%	119	94	0.01	1199
8	POWERINDIA	1,40,760	31580	6%	0	25%	69%	150	94	0.02	988
9	CUMMINSIND	1,39,335	5026	2%	9%	5%	29%	74	94	0	2362
10	POLYCAB	1,24,768	8280	3%	3%	3%	21%	52	94	0.02	2708
Load More

Shareholding Pattern (%)

	Jun 2026	Mar 2026	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	(-0.91) 53.51%	(-0.51) 54.39%	(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	(-1.01) 5.04%	(-1.91) 6.03%	(-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	(0.11) 0.95%	(0.11) 0.89%	(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	3.86%	4.02%	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	36.64%	34.68%	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	83,997	79,711	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

	Jun 2026	Mar 2026	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	301	264	311	300	233	270	256	223	175	161	147	139	112	124	89	62	53	82	81	74	48
Sales Growth % (YoY)	29%	-2.3%	21.6%	34.4%	33%	67.3%	73.9%	60.1%	56%	30.2%	64.5%	124.6%	112.8%	50.4%	10.9%	-16.2%	9.1%	90%	88%	-	-
Sales Growth % (QoQ)	14%	-15.1%	3.7%	28.8%	-13.7%	5.5%	14.8%	27.4%	8.7%	9.5%	5.8%	24.1%	-9.7%	39.3%	43.5%	17%	-35.4%	1.2%	9.5%	54.2%	-
Expenses	216	204	227	217	161	195	188	158	132	127	114	109	90	103	72	57	45	72	69	65	43
Operating Profit	85	60	85	83	72	75	68	65	43	34	33	30	22	21	18	5	8	10	12	9	6
OPM %	28	23	27	28	31	28	26	29	25	21	22	22	19	17	20	8	15	12	15	12	11
Other Income	4	23	4	3	2	4	10	2	1	4	2	4	0	1	3	5	3	5	1	1	2
Interest	5	5	5	4	2	4	2	3	2	4	4	4	2	4	3	3	2	2	1	1	2
Depreciation	3	3	3	2	2	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0
Profit before tax	81	75	81	80	70	74	74	64	42	35	30	30	19	17	17	7	9	13	11	9	5
Tax %	18	13	12	19	19	15	20	25	18	18	16	22	13	12	33	34	17	20	26	23	28
Net Profit	66	66	71	65	57	63	59	48	34	28	25	23	17	15	11	5	7	11	8	7	4
Net Profit Growth % (QoQ)	-	-7%	9.2%	14%	-9.5%	6.8%	22.9%	41.2%	21.4%	12%	8.7%	35.3%	13.3%	36.4%	120%	-28.6%	-36.4%	37.5%	14.3%	75%	-
Net Profit Growth % (YoY)	15.8%	4.8%	20.3%	35.4%	67.6%	125%	136%	108.7%	100%	86.7%	127.3%	360%	142.9%	36.4%	37.5%	-28.6%	75%	-	-	-	-
TTM Net Profit	268	259	256	244	227	204	169	135	110	93	80	66	48	38	34	31	33	30	19	11	0
EPS in Rs	5.44	5.42	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 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Sales	1107	924	560	327	286	142
Sales Growth %	19.9%	65%	71.4%	14.2%	101.3%	-
Expenses	808	673	441	277	249	130
Operating Profit	300	251	119	50	37	12
OPM %	27	27	21	15	13	9
Other Income	33	17	10	13	8	5
Interest	16	11	14	11	5	7
Depreciation	10	3	2	1	1	1
Profit before tax	306	254	114	51	39	10
Tax %	15	20	18	23	24	22
Net Profit	259	204	93	39	30	8
Net Profit Growth %	27%	119.4%	138.5%	30%	275%	-
EPS in Rs	21.33	18.63	9.11	4.67	3.63	1.11
Dividend Payout %	0	1	2	0	3	0

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Cash from Operating Activity	32	148	-32	26	-58	17
Cash from Investing Activity	-354	-417	-134	-21	-8	-3
Cash from Financing Activity	315	274	249	-6	69	-12
Net Cash Flow	-7	5	83	-1	4	2

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Equity Capital	121	114	111	109	103	83	82	69
Reserves	1473	1135	942	804	450	114	76	9
Borrowings	152	82	40	59	49	52	47	26
Other Liabilities	104	194	159	138	111	121	78	68
Total Liabilities	1851	1524	1252	1110	712	371	284	171
Fixed Assets	547	436	183	83	57	48	42	42
CWIP	277	351	417	284	130	7	7	0
Investments	0	0	0	0	0	0	0	0
Other Assets	1027	737	652	743	525	316	235	129
Total Assets	1851	1524	1252	1110	712	371	284	171

Delivery

Delivery Data: BALUFORGE

#	Date	423 54% 650	Value (Cr)	Q/T 65	Del 48	Del 70
1	4-Sep	574	75	61	31	23
2	3-Sep	570	193	61	28	54
3	2-Sep	578	138	58	30	41
4	1-Sep	622	86	81	32	27
5	31-Aug	631	126	73	22	28
6	28-Aug	639	93	65	27	25
7	27-Aug	633	148	80	20	30
8	26-Aug	639	315	68	16	52
9	25-Aug	610	169	61	23	38
10	24-Aug	632	963	66	14	136
11	21-Aug	555	124	64	30	37
12	20-Aug	547	77	50	34	26
13	19-Aug	538	50	48	36	18
14	18-Aug	543	218	53	25	55
15	17-Aug	513	243	58	23	55
16	14-Aug	494	443	58	20	90
17	13-Aug	446	46	43	49	22
18	12-Aug	463	47	53	29	14
19	11-Aug	459	41	50	44	18
20	10-Aug	461	50	67	49	25
21	7-Aug	469	72	58	38	27
22	6-Aug	458	43	38	42	18
23	5-Aug	446	32	44	50	16
24	4-Aug	439	22	67	74	16
25	3-Aug	445	17	40	50	9
26	31-Jul	440	13	30	45	6
27	30-Jul	433	7	25	57	4
28	29-Jul	441	12	32	59	7
29	28-Jul	446	13	28	48	6
30	27-Jul	440	11	31	49	6
31	24-Jul	434	10	26	42	4
32	23-Jul	432	11	29	44	5
33	22-Jul	428	15	31	59	9
34	21-Jul	441	10	36	58	6
35	20-Jul	446	7	31	47	4
36	17-Jul	449	15	36	47	7
37	16-Jul	448	11	29	45	5
38	15-Jul	451	46	104	81	38
39	14-Jul	447	31	37	71	22
40	13-Jul	468	26	31	50	13
41	10-Jul	465	31	34	48	15
42	9-Jul	452	18	39	56	10
43	8-Jul	440	15	29	47	7
44	7-Jul	453	10	31	49	5
45	6-Jul	460	27	37	39	11
46	3-Jul	466	17	35	42	7
47	2-Jul	470	14	34	45	6
48	1-Jul	466	19	36	48	9
49	30-Jun	467	20	36	42	9
50	29-Jun	456	15	37	46	7

Daily Market Cap

Date	Total Market Cap	Change	Chg %
04-Sep	6,865c	113c	1.62
03-Sep	6,978c	622c	8.18
01-Sep	7,599c	98c	1.27
31-Aug	7,697c	61L	0.01
27-Aug	7,696c	68c	0.88
26-Aug	7,764c	382c	5.18
25-Aug	7,382c	256c	3.35
24-Aug	7,638c	879c	13.00
21-Aug	6,759c	220c	3.37
19-Aug	6,539c	31c	0.47
18-Aug	6,570c	346c	5.56
17-Aug	6,224c	203c	3.37
14-Aug	6,021c	497c	8.99
13-Aug	5,525c	98c	1.75
12-Aug	5,623c	9c	0.15
11-Aug	5,614c	27c	0.47
10-Aug	5,641c	67c	1.21
06-Aug	5,574c	245c	4.59
04-Aug	5,329c	24c	0.44
31-Jul	5,353c	90c	1.72
30-Jul	5,262c	145c	2.68
29-Jul	5,407c	13c	0.24
28-Jul	5,395c	46c	0.85
27-Jul	5,349c	0	0

Stock Checklist

Price is above from 52 week high low average: 63%

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: NO

Mutual Fund Holdings

Held by 12 fund scheme(s) across 5 fund house(s) as of Aug26 · Total value ₹11 Cr · 0 increasing / 2 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
Motilal Oswal Mutual Fund	4	0.22%	-0.06%	11
Groww Mutual Fund	2	0.01%	-	0.1
Angel One Mutual Fund	2	0.02%	-	0
Mirae Asset Mutual Fund	2	0.02%	-	0
Bandhan Mutual Fund	2	0.02%	-	0

Balu Forge Industries Limited

Price Chart

Price Performance

Moving Average

PIVOT LEVEL

Competitors/Peers

Shareholding Pattern (%)

Quarterly Results

Profit and Loss

Cash Flows

Balance Sheet

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