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₹433.45

▼ -7.72 -1.75%

30 Jul 2026

BSE Listed · Castings, Forgings & Fastners

Balu Forge Industries Limited (531112)

Volume: 2,468Avg Vol 1W: 13,359Avg Vol 1M: 24,02352W Range:₹341.35₹696
BSE www.baluindustries.com AI Report
Key Ratios
Checked 9h ago
Market Cap₹5,272 Cr
Current Price₹433.45
Previous Close₹441.17
High / Low (52w)₹696 / ₹341.35
Volume2,468
Avg Vol (1W)13,359
Avg Vol (1M)24,023
Stock P/E68.39
Book Value₹131.36
Dividend Yield0%
ROE16.24%
ROA13.99%
Revenue (TTM)—
Revenue Growth64.97%
Profit Margin23.38%
Total Debt₹16 Cr
Shares Outstanding12 Cr
Face Value₹10
EPS (TTM)₹6.35
P/B3.31
Debt / Equity0.1
50 DMA₹457.1
200 DMA₹511.78
Day change-1.75%
Price Chart
₹433.45▼ 30.44% · 1Y
₹684₹35610.4L
2025-07-30
2026-07-30

20-day avg volume: 23K shares

Pros
  • Healthy return on equity of 16.2%.
  • Company is almost debt-free.
  • Net profit is growing year over year.
Cons
  • Stock trades at a high P/E of 68.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹175 Cr₹223 Cr₹256 Cr₹270 Cr₹233 Cr₹300 Cr₹311 Cr₹264 Cr
EBITDA₹43 Cr₹67 Cr₹76 Cr₹78 Cr₹72 Cr₹84 Cr₹86 Cr₹80 Cr
Net Profit₹34 Cr₹48 Cr₹59 Cr₹63 Cr₹57 Cr₹65 Cr₹71 Cr₹66 Cr
EPS————————
Profit & Loss (Annual)
MetricSept 2024Dec 2024Mar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹157 Cr₹161 Cr₹941 Cr₹158 Cr₹150 Cr₹167 Cr₹171 Cr₹159 Cr
EBITDA₹51 Cr₹57 Cr₹265 Cr₹54 Cr₹49 Cr₹55 Cr₹53 Cr₹60 Cr
Net Profit₹32 Cr₹40 Cr₹204 Cr₹39 Cr₹34 Cr₹36 Cr₹39 Cr₹45 Cr
EPS——18.38—————
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹0 Cr₹171 Cr₹284 Cr₹371 Cr₹712 Cr₹1,252 Cr₹1,851 Cr
Total Liabilities₹0 Cr₹94 Cr₹126 Cr₹173 Cr₹160 Cr₹199 Cr₹256 Cr
Equity₹0 Cr₹78 Cr₹159 Cr₹198 Cr₹553 Cr₹1,053 Cr₹1,595 Cr
Total Debt₹0 Cr—————₹152 Cr
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹19 Cr₹-60 Cr₹26 Cr₹-15 Cr₹183 Cr₹32 Cr
Investing₹-3 Cr₹-8 Cr₹-21 Cr₹-134 Cr₹-417 Cr₹-354 Cr
Financing₹-12 Cr₹69 Cr₹-6 Cr₹249 Cr₹274 Cr₹315 Cr
Free Cash Flow₹19 Cr₹-60 Cr₹26 Cr₹-15 Cr₹183 Cr₹-322 Cr
Shareholding
Promoter 53.51% Institutions 5.99% Public 40.5%
Efficiency & Working Capital
ROCE31.2%
Interest Coverage24.2
Dividend Payout—
Debtor Days129 d
Inventory Days39 d
Payable Days47 d
Cash Conversion Cycle121 d
Working Capital Days168 d
Shareholding Details

As of 2026-06-30

Promoter53.5%
FII5%
DII0.9%
Institutions6%
Public40.5%
Promoter Pledge1.4%
No. of Shareholders83,997
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2024Mar 2025Apr 2025Apr 2025May 2025May 2025Jun 2025Sept 2025Dec 2025Feb 2026Mar 2026Jun 2026
Promoters54.7%55.3%55.8%55.8%54.9%54.9%54.9%54.4%54.9%53.2%54.4%53.5%
FIIs6.9%7.1%7%7%8.7%8.7%8.2%7.9%7.9%7.9%6%5%
DIIs1%1.1%1.1%1.1%0.8%0.8%0.9%0.8%0.8%0.9%0.9%0.9%
Public37.4%36.6%32.1%36.2%31.6%35.7%36.1%36.9%36.4%38.1%38.7%40.5%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%1.4%1.4%
No. of Shareholders66,31073,28373,28373,28376,06976,06977,24370,09870,44578,31679,71183,997
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Jaspalsingh Prehladsingh ChandockShareholding of Promoter and Promoter Group50.5%6.05 Cr
Enforcement Directorate RaipurPublic Shareholding3.9%46,24,001
Jaikaran Jaspalsingh ChandockShareholding of Promoter and Promoter Group2.1%25,10,150
Ebisu Global Opportunities Fund LimitedPublic Shareholding1.8%21,00,000
Ashish KacholiaPublic Shareholding1.6%18,90,933
Hitesh Natwarlal KawaPublic Shareholding1.3%15,18,512
Bengal Finance And Investment Pvt LtdPublic Shareholding1.2%14,00,000
Nova Global Opportunities Fund Pcc - TouchstonePublic Shareholding1.1%12,72,860
Trimaan Jaspalsingh ChandockShareholding of Promoter and Promoter Group0.9%10,75,900
Shivaputra G BelladShareholding of Promoter and Promoter Group0%0
Prashant Shivputra BelladShareholding of Promoter and Promoter Group0%0
Mimi AgarwallaPublic Shareholding0%655
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Jaspalsingh Prehladsingh Chandock8,75,0001.5%2026-06-30
Board of Directors
NameDesignationYear
Jaspalsingh Prehladsingh ChandockChairman / Executive Director / M D / Promoter2025
Trimaan Jaspalsingh ChandockWTD & Executive Director2025
Jaikaran ChandockWTD & Executive Director2025
Raghavendra Raj MehtaIndependent Non Exe. Director2025
Shalu BhandariIndependent Non Exe. Director2025
Roop Lal MeenaIndependent Non Exe. Director2025
Tabassum BegumCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Manufacturing of Steel Forging Prod₹0 Cr—
Segments — Geography
RegionRevenueShare
Export₹445 Cr74.3%
Domestic₹154 Cr25.7%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10125111111
Corporate Actions
TypeDateValueRemark
dividend2025-09-19₹0.15 (1.5%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202520041144
202500038038
2025100315
Insider / Designated-Person Trades

2 recent disclosure(s)

Jaspalsingh ChandockAcquisition · 10,000
Jaspalsingh ChandockAcquisition · 9,000
Substantial Acquisitions (SAST)

2 disclosure(s)

Market29/12/2025 · 9,000
Market26/12/2025 · 10,000
Company Information
Incorporated1989
ChairmanJaspalsingh Prehladsingh Chandock
AuditorM B Agrawal & Co
Investor Email[email protected]
🌐 www.baluindustries.com ↗

📍 Unit No F-30 First Floor, Raghuleela Mega Mall, Mumbai, Maharashtra, 400067

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